7.0. EDSR 01-13-2003 - Laserfiche WebLink

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JAN-14-03 06 :05 AM P. 02 1 • Information about New Prospects: 'Randy Timo was one of the co-founders of Visual Circuits Corporation, a 1996 Genesis incubator graduate. Visual Circuits does over $10 million in annual revenues in the field of video compression algorithms and delivery systems. Randy is working in the field of computer games and is currently working out of the basement of his home in Ramsey, Minnesota. (Visual Circuits started in the home of Dan Sullivan, the other co-founder of Visual Circuits.) Randy left Visual Circuits about 4 months ago and is considering the Elk River incubator program for the location of his new business. •Verdantes Corporation is an Edina based software company that delivers updates to large files over the internes in the `background'. An obvious application for this is the new field of what has been called 'BMW Movies', the new 8 minute advertisement done in the framework of an entertaining short movie. These are being distributed over the internes. The ability to • deliver the content (large files) over a dial-up modem is problematic if it's done on line real time. However, if it is done in the background while other information is being processed or when the computer is on but the computer user is away from the console, then the problematic aspect of a dial-up modem is eliminated. The founder of Verdantes operates out of his home. He has been working on this technology for over one year. He is self-funded to date because of the capital gains that he made when he sold his last business. Existing Prospects: Aview, LLC continues to make progress with its new sleek prototype. Several modest investments have been made to date based on the company's progress. Upon receipt of a commitment from the Anoka Sherburne County Capital Fund (pending the review process currently underway) and some level of support from the Elk River Investment Club and/or the Central MN Initiative Fund, the company should be ready to enter the incubator program in the late spring or early summer of 2003.