Long Island Capital Alliance Announces Successful Technology Capital Forum on March 10, 2017

MELVILLE, NY / ACCESSWIRE / March 28, 2017 / The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the successful completion of its Technology Capital Forum held March 10, 2017. The capital forum featured companies which have connections to the Long Island region and are building business around innovative technologies, addressing sectors such as software applications, artificial intelligence (AI) and virtual reality (VR), cloud-based solutions, and optical/thermal imaging. The forum’s guest key note speaker was Pam Krueger, host and executive producer of the award-winning PBS TV Series, MoneyTrack.

At the capital forum, the featured companies presented to an audience that included venture capital firms, investment banks, private equity firms, and angel and high net worth investors. Each of the companies selected by LICA for presentation at the capital forum possesses unique technologies to enhance business processes or elevate functionality for new products that have meaningful catalysts for growth. A panel of investment professionals was on hand to review the presentations, offer their insights on the presenters’ commercial viability and prospects for market success, and provide expert commentary on investment conditions in the broader technology sector.

The investor panel, moderated by LICA President and Board of Directors member Corey Massella, discussed the technology sector, investment climate, and provided insights to help entrepreneurs raise capital and develop their businesses. “What makes this forum such a great event is not only hearing from emerging technology companies, but gaining expert insight from our panel of industry investors regarding the latest investment trends,” said Mr. Massella. “Serving as a business advisor to technology companies, I can say that understanding investor views and being able to anticipate hot trends in this rapidly-changing industry is crucial to success.”

“Thank you very much for hosting the event and inviting me to speak on the panel,” said Josh Adams of Wall Street Share. “The Capital Forum was very informative, and your eclectic selection of presenters was impressive.”

“I enjoyed the forum, made some good contacts, and hope I can participate again in the future,” added panelist Steve Perricone of Pilot Mountain Ventures.

Presenter Jim McGowan said, “Thanks again for selecting my company, Infiniam Analytical Services Inc. I found the session both informative and very well done.”

Alex Kriger, presenting for Azone Enterprises, added, “Great event. Great projects. Great presentations!”

Technology Capital Forum Presenting Companies

The following companies presented their business plans:

Azone Enterprises Inc.: Based in Brooklyn, NY; offers predictive analytics to help small businesses with inventory refill.

Digital Direct IR, Inc.: Based in Fresh Meadows, NY; develops patented multi-spectrum thermal imaging and optics technologies, which enables access to a $20 billion+ market opportunity in the homeland security, healthcare, military, first responder, drone, automotive safety, autonomous vehicle, industrial, and energy industries.

Infiniam Analytical Services Inc.: Based in Deer Park, NY; creates automated platforms for legacy code and data application migration to the cloud.

PMC Technology: Based in Bethpage, NY; develops application to reduce operational downtime at critical public facilities.

SkillMil: Based in Menlo Park, CA, with connections to New York; creates a precision hiring platform for Military Veterans and Businesses using proprietary machine learning and AI technology to provide a quantifiable match of a candidate to the requirements of a job posting.

Space Out VR: Based in Troy, NY with operations in Bellmore, NY; develops technology to integrate entertainment, gaming and communications into a personified, sociable VR App.

Technology Capital Forum Panel of Investors

The following investment professionals participated in the investor panel at the Technology Capital Forum:

Russ Artzt, Executive Chairman, Ringlead Inc., and Technology Investor: Mr. Artzt is the founder of CA Technologies and an active investor. With more than 30 years experience as a technology leader and executive, Russ provides counsel in the areas of strategic partnerships, product development leadership, community and public affairs, and corporate strategy.

Steven Perricone, Managing Partner, Pilot Mountain Ventures: Mr. Perricone is Founder and Managing Partner at Pilot Mountain Ventures, a New York based venture capital firm focusing on seed stage investments in the technology and medical device fields. Portfolio companies in the New York area include Bond (acquired), Imperative, Kinetic, and Pinks & Greens, among others. Prior to founding Pilot Mountain, Mr. Perricone co-founded Serrano Ventures, where he remains a partner, served as a Managing Director in the Equity Derivatives area of Deutsche Bank, and was a Senior Consultant with Accenture.

Josh Adam, CFA, Wall Street Share: Mr. Adam has more than 15 years of experience in financial analysis, investment research, and portfolio management. He has held various senior level positions in the hedge fund industry, where he has been a portfolio manager, Director of Research, and analyst.

Save the Dates – Additional Upcoming Events from LICA

April 3, 2017: Entrepreneur Education & Mentoring Series – Designing A Business Plan for Success & The Keys to Successful Communications and Marketing. Additional program information and details link: http://www.licapital.org/Entrepreneur-Education-&-Mentoring-Series
June 9, 2017: Cybersecurity, Defense & Security Capital Forum, Melville, NY, 8 AM Eastern

About Long Island Capital Alliance

Since 1984, the Long Island Capital Alliance (www.licapital.org), formerly known as Long Island Venture Group, has been promoting business growth on Long Island. LICA seeks to create a productive and business-friendly environment that will afford area businesses access to the resources necessary to compete successfully in today’s markets. LICA serves as a focal point for the exchange of ideas among new and existing business enterprises, successful entrepreneurs, investors, and service providers. Through quarterly capital forums and special meetings, LICA brings together members of the region’s business community, and has been recognized as the place to turn to when small businesses need equity, debt, or other financing, or for investors to find an attractive investment opportunity.

LICA’s mission is to encourage economic development on Long Island by facilitating capital formation for a broad range of companies in various industries, from early stage to mature, middle market, closely held and publicly-traded businesses. LICA accomplishes this primarily through education, networking, quarterly capital forums, periodic special educational meetings, and alliances with other regional organizations. LICA brings together members of the region’s business community and serves as the finance arm for significant local business and organizations.

For more information on LICA and its next event, please contact LICA today or register online at
www.licapital.org.

Contact:

Jordan Darrow
Darrow Associates, Inc.
631-766-4528
jdarrow@darrowir.com

SOURCE: The Long Island Capital Alliance

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