Laserfiche WebLink
•S Present: Business Incubator Advisory Board Meeting <br /> Review of Vertical Publishing, Inc. Application <br /> S <br /> May 31, 2000 4:00 pm Business Incubator Absent: <br /> Darryl Arquitte —Vertical Publishing Stephanie Klinzing— Committee Member <br /> Harlan Jacobs — Genesis Business Centers Jeff Gongoll — Committee Member <br /> Jim Barthel — Committee Member Jack Mowry— Committee Member <br /> Daryl Thompson — Committee Member <br /> Larry Hickman — Committee Member <br /> Marc Nevinski — Staff <br /> Darryl Arquitte of Vertical Publishing made a presentation to the Business <br /> Incubator Advisory Board outlining the company's business plan. Products <br /> and service, sales projections, market potential, and employee needs were <br /> discussed with the applicant. The committee also inquired about operating <br /> plans and learned that the company will be outsourcing a number of services <br /> and task to reduce costs and increase efficiencies. Finally, the company has <br /> sought financing from a number of local sources including the Elk River <br /> Investment Club and the Anoka/Sherburne County Capital Fund. Additional <br /> investors are being sought. <br /> Following Mr. Arquitte's presentation, the committee discussed Vertical <br /> Publishing's potential as an incubator company. It was noted that the <br /> company's sales projections were very aggressive, although it was agreed that <br /> the potential exists for the company to grow too fast as well. It was also <br /> noted that the company is beyond the product development phase and has <br /> entered the marketing and sales phase. <br /> The committee recommended the EDA approve Vertical Publishing's <br /> application for admission into the Elk River Business Incubator Program. <br />