Press Releases
World Wide Packets Honored as 2004 Venture All Star Company
Prestigious Event Highlights World Wide Packets as one of the Top Venture-Backed Companies in the Pacific Northwest Region
Spokane Valley, WA, June 7, 2004 — World Wide Packets, the leading provider of Ethernet Access Networking Solutions, announced today that it has been honored as a 2004 Venture All Star by the Investment Forum, a non-profit organization that promotes promising new companies to the business and investment community. Dave Curry, President and CEO of World Wide Packets was honored along with 38 other business leaders at the Chateau Ste. Michelle as 2004 Venture All Stars, recognizing their accomplishments as the top venture-backed companies in the region. World Wide Packets will also featured in the fourth edition of the venture map poster, the definitive visual business reference, which will be distributed to more than 50,000 private investors and top business executives throughout the Northwest including Washington, Oregon, and British Columbia.
“In a very difficult fund raising environment, World Wide Packets persevered in the first half of 2004 with $24.5m in new financing while continuing to grow a very healthy customer base,” said Dave Curry , president and CEO of World Wide Packets. “This is a great honor to have been selected as a Venture All Company as it demonstrates the effort of our team and the strong commitment by our investors.”
The 2004 Venture All Star companies were selected over a four-week period from more than 125 nominations by a forty (40) member Selection Committee comprised of representatives from the region's top venture capital funds such as OVP Venture Partners, Madrona Venture Group, Ignition Partners and Northwest Venture Associates to name a few. In order to be selected, companies had to demonstrate the ability to follow in the footsteps of the region's most successful growth business such as Microsoft, Starbucks, Costco, Amazon.com and Immunex. Companies were evaluated on their growth achievements to date, market potential, management strength and financial backing.
For a complete list of the companies, go to www.ventureallstars.com.
“World Wide Packets has proven its ability to be a leading player in the telecommunication equipment market and is well positioned to prosper in the recovering economy,” said Nathan McDonald, Managing Director of the 2004 Venture All Stars and Investment Forum. “We're honored to produce the fourth-annual Venture All Stars event to honor and promote companies with outstanding growth potential.”
About World Wide Packets
Based in Spokane, WA, World Wide Packets LightningEdge™ Ethernet service delivery access network solution enables delivery of simultaneous telephony, business and entertainment video, broadband data, and Internet access services, to any combination of business and residential subscribers, using Ethernet over fiber and copper medium. By bringing together the limitless bandwidth capabilities of a fiber infrastructure with the affordability and proven performance of Ethernet, these networks eliminate the constant bandwidth challenges now facing network operators. World Wide Packets is a privately held corporation, and a recognized pioneer of Ethernet geographic network solutions. For more information on World Wide Packets, please visit www.worldwidepackets.com.
Access Brilliance, Ethernet to the Subscriber, ETTS, Fiber to the Subscriber, FTTS, LightningEdge, World Wide Packets and the World Wide Packets logo are trademarks of World Wide Packets Incorporated. All other trademarks are the property of their respective owners.
About the Venture All Stars
The 2004 Venture All Stars is a salute to the region's entrepreneurs and their success. The selected Venture All Star companies are those that the local venture investing community believe have demonstrated the ability to follow in the footsteps of the region's most successful growth businesses, such as Microsoft, Starbucks, Costco, Amazon.com and Immunex, to name a few of the local companies that relied on private venture funds to grow. Selection as a Venture All Star company acknowledges each of their efforts to date, gives them visibility in the community, and encourages their future success.
www.ventureallstars.com
About the Investment Forum
The mission of the Investment Forum is to promote promising new companies by creating, operating and producing creative ways to educate and bring entrepreneurs, investors, and the business community together for the benefit of all. Bryce James, Tim Reha, and Nathan McDonald formed the Investment Forum as a Washington State Non-Profit Corporation in 2000.
The Investment Forum produces and co-promotes events, forums, speakers and special projects on a monthly basis. The Investment forum features a popular monthly Investment News and Event Email Newsletter for Angel Investors and Entrepreneurs. The organization is operated out of Seattle, Washington.
www.InvestmentForum.org
Contact
Daniel Carter
Racepoint Group, Inc.
617-583-1331
dcarter@racepointgroup.com
For Venture All Stars & Investment Forum:
Christopher Baker
Text 100 Public Relations
206-267-2006
christopherb@text100.com
.
