May 9-10, 2005 - Bloomington

Hosted* by

Cong. Mark Kennedy

Cong. Gil Gutknecht

and



Entrepreneur Profiles
2005 MN VC Conference
Sheraton Bloomington Hotel

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Companies Selected to Present (To Date)

Richard Mueller, CEO

3388 Mike Collins Drive

Eagan, MN 55121

651.675.0300
rmueller@biotherapharma.com

Biothera is a biotechnology company dedicated to improving immune health. The company's primary focus is developing pharmaceuticals whose unique mechanism of action engages immune cells not normally involved in the fight against cancer. In addition, Biothera¹s healthcare group manufactures and markets food-grade, immune-enhancing ingredients for the nutritional supplement, functional food, cosmetic and the animal feed and nutrition markets. Web: www.biotherapharma.com

John Barrow, CEO

4206 Park Glen Road

St. Louis Park, MN 55416

952.922.1445 x10
jbarrow@coolibar.com

Coolibar designs and markets sun protective clothing. Sun protective clothing has been a highly successful concept in Australia where it is 3 times the size of the sunscreen market - implying a potential US market of $2 to $3 billion per annum. Coolibar's customer is a well educated, baby boomer women who has experienced health problems with the sun. Coolibar targets these customers using its catalog and web site. Coolibar's net sales were $600,000 in 2003 and $1.5 million in 2004. Coolibar is the only company in America to have products recommended by The Skin Cancer Foundation and in 2004 was rated "Best Overall" sun protective swimwear company by the Wall Street Journal. To date, the company has raised a total of $2.5 million in 3 private rounds.

John Haaland, Ph.D., CEO

614 McKinley Place NE

Minneapolis, MN  55413

612-656-4484

johnh@discoverygenomics.net

Discovery Genomics (DGI), a spin-off of the University of Minnesota, is a therapeutics company whose focus is on gene therapy.  DGI raised $3.9 million in 2001, became operational in 2002, and is now poised to begin clinical trials with children suffering from a rare, fatal genetic disease - Fanconi Anemia.  We have the potential to greatly improve quality of life and add decades to the expected lifetime of these children.  We are also conducting preclinical research in order to begin clinical trials in Hemophilia A, where we offer a potential cure for these patients.  Because of its rare orphan disease status, the Fanconi Anemia clinical trials can be completed within two years and could permit DGI to breakeven and target a public offering within three years.  The treatments of diseases that can currently be addressed by gene therapy have an estimated market of about $2 billion, which is expected to grow to exceed $20 billion.  DGI intends to become a market leader in gene therapy by leveraging its patented Sleeping Beauty Transposon™ System and producing SB-Transposon therapeutics for treatment of blood diseases, cancers, and AIDS.  We seek $5 million to be used to complete clinical trials in Fanconi Anemia and initiate Hemophilia A trials.

Gale Ward, President

7475 Flying Cloud Drive, #537

Minneapolis, MN 55344

612.810.7062

gale@entropysolutionsinc.com

Entropy Solutions, Inc. is a thermal management technology company that has engineered low-cost, high-performance packaging solutions for temperature sensitive products. The Company's initial market focus is cold-chain management for the pharmaceutical, vaccine and blood markets. Follow on markets include food for cold shipment, quick serve restaurant (QSR) packaging for heat maintenance and the personal cooler market. Employing new materials and patent-pending technology, Entropy's solutions are unique in the market in that they are low-cost, environmentally-friendly, one-way shippers that deliver improved temperature management and significantly enhanced performance. The company's goal is to redefine how temperature-sensitive products are shipped worldwide.

Dan Miller, CEO

739 Kasota Avenue

Minneapolis, MN 55414

612.331.9009

dan.miller@excorp.com

Excorp Medical has developed a bioartificial liver system for the temporary metabolic support of patients in serious liver failure. The bioartificial liver will be used to sustain a patient until recovery of native liver function or until a transplant becomes possible. This is the first such system, worldwide, which has been used successfully in both controlled animal studies and in human clinical trials. As many as 350,000 patients could benefit from bioartificial liver support annually in the US with a comparable number in the European Community. Worldwide, the number of patients is much larger due in part to the prevalence of viral hepatitis.

Drew McCartney, CEO
530 North 3rd Street, #400
Minneapolis, MN 55401
First Circle Medical is a development stage company pursuing a unique, patentable treatment for Hepatitis C.  To date, preliminary studies have demonstrated outcomes showing that First Circle’s hyperthermic treatment – heating blood to induce fever – combined with existing drug therapy – can virtually eliminate the Hepatitis C virus in many drug-resistant patients.  Founded in 1999, First Circle is addressing a large and growing market with a promising technology that appears capable of providing clinicians with a new therapeutic tool to treat this devastating disease.

Bill Dennis, CEO
11222 St. Johns Industrial Pkwy
Jacksonville, FL  32416
904.641.2599
bdennis@gyrx.com

Gyrx™, LLC, a Jacksonville manufacturer, lead by a proven management team, has developed new surgical devices. The devices have several advantages over devices currently available. The devices are less invasive, reduces postoperative pain, improves patient cosmesis and utilize patent pending titanium clip technology. The surgical ligation product, Visu-Loc™ has been released to market. The male sterilization device, TiClip™, will be marketed six months after funding The company is seeking $1 million to fund the production and roll out of the general surgery and male sterilization devices.

HEALTH CAPITAL MANAGEMENT

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Bill Casey, CEO
329 Kleinpell Arts & Science
UW-River Falls
410 South 3rd Street
River Falls, WI 54022
Health Capital Management's business is about planning and mentoring health care for the elite client. America has a dysfunctional health care system with ballooning costs and decreasing and increasingly aggravating quality of service. HCM has developed and filed a patent on a new model which utilizes layers of mentors and advocates who buffer, supervise and plan all of the client's (and their families') interactions with the medical community. Every client contact starts with a toll free call 24/7 from anywhere in the world. The person answering is part of a team who service a limited number of high net worth family offices and corporations and knows them and their families well.  Appointments may be made, specialized expertise may be conferenced in, or even emergency services dispatched. This is where HCM's Mentors for Living Program will change paradigms. Managing wealth is not just about managing money, it's also about managing the human capital. The most important component of that is managing wellness.  HCM is dedicated to managing the human capital of our clients, especially their wellness and that of their families.

David Mead, CEO
2120 W. Greenview Drive, Suite 9
Middleton, WI 53562
608.831.9011

Founded in 1998, Lucigen Corporation (Middleton, WI) has developed unique specialty products for gene cloning and genomics; and innovative technologies for enzyme discovery. The Company currently manufactures and sells more than 50 gene cloning products and services to customers world wide, including major genome centers, universities, government research institutions, and industrial R&D facilities. Using its proprietary and patented gene cloning technologies, Lucigen is in the process of discovering and manufacturing unique enzymes for use in many markets, including: biomedical research, diagnostics, pharmaceuticals, and bioethanol production (manufacturing ethanol from crops for use in gasoline). In 2004, the Company had more than $1M in revenues from sales and SBIR grants, and has little long-term debt. Lucigen successfully raised over $1M in its first SEC Regulation D equity private placement round.

Tim Belisle, CEO (right)
Nathan Clevenger, Chief SW Architect (left)
8400 Normandale Blvd, #920
Bloomington, MN 55437
Mobiliam is the leader in mForce Automation, the fusion of powerful and cost-effective mobile technologies (PDAs, Tablets, and Smartphones) with user- and process-centric applications that draw from and synchronize data with your existing systems (CRM, ERP, SCM, etc.) to increase productivity and maximize profits. Mobiliam’s consulting and custom development services leverage that expertise to bring you the quickest return on investment available in the mobile paradigm.

Gary Heyer, CEO
7018 Cheyenne Trail
Chanhassen, MN  55317
612.834.1199

Via NeighborhoodNetwork.com, every existing home within a metropolitan area will always be available for prospective home buyers to browse and indicate interest. All homeowners will have the opportunity to claim, manage and monitor their property profile through a Realtor sponsor. Realtors will pay for exclusive buyer collection and marketing sponsorships enabling homeowners to “Click2Sell”, thus inviting "hot", interested, preapproved buyers to tour their home on a specific day with second showings on the second day. All offers are considered on the second day thus increasing the opportunity for a multiple offer situation. On day three, a "For Sale" sign with a "Sold" sign attached is placed in front of the home until closing.

Thomas Mozer, CEO
453 Union Road
Brooklyn, WI  53521
608.712.2172

Business Description: Nerites Corporation develops novel tissue repair products as well as advanced coatings for implanted medical devices based on unique “wet” adhesive compounds. These synthetic compounds are a breakthrough advance in biologically-compatible adhesives that provide completely new options for tissue repair and device coatings. Two patent applications have been filed, along with four provisional patents. The start-up team has arranged contract manufacturing and preliminary toxicology and pre-clinical testing.  The Company is in discussions with potential device partners.
Technology Description:
Synthetic “wet” adhesive compounds based on Mussel Shell Adhesive Proteins (MAPs). Developed technologies include multiple adhesive formulations to adhere to both devices and various body tissues.  Various polymers have been developed as coatings of devices to reduce or eliminate biofouling.  Other polymers have been developed that result in formation of various hydrogels in situ that are bound to specific tissues.
Proprietary Description:
Company produces the only known synthetic compounds with “wet” adhesive properties that offer provide: biocompatibility, in situ adhesion, adhesion to both wet and dry surfaces, flexible coating thickness and composition, drug-eluting capability, and multiple hydrogel formulations.
Market Size:
Current tissue repair products are generally accepted as suboptimal: cyanoacrylates are toxic and fibrin-based adhesives are weak adhesives. Despite this, the current market for tissue adhesives is approximately $500M worldwide. An effective tissue sealant (replacing sutures) or bone adhesive (for small bone fractures) could tap un-met market needs exceeding $1B/yr. An effective anti-adhesion spray (to prevent post-surgical adhesions) would tap an un-met market need that could be as large as $10B/yr. Medical device coatings are currently a $250M market in the U.S., growing more than 25%/yr.  The market for anti biofouling coatings is for surgical devices and implants is greater than $1B

James Bernstein, MD, CEO
5335 Wisconsin Ave. NW, #440
Washington, DC  20015

NOXILIZER, Inc. is an early stage medical technology company which is developing a unique gas-based sterilization and disinfection system. The Company's initial products will provide medical offices, hospitals, and manufacturers with safer and more flexible systems for sterilizing medical devices and instruments. Unlike alternatives, Noxilizer's system is fast, portable, scalable, and safe for a wide variety of plastics, metals, and electronics. The Company was founded in April 2004 by three serial entrepreneurs to commercialize Noxilizer's proprietary sterilization technology. They have fielded a seasoned management team of executives, scientists, and engineers with extensive experience building businesses from ideas through IPO, and taking medical products from the lab through FDA to market.

Kai Kroll, CEO
6901 East Fish Lake Rd, #190
Maple Grove, MN  55369
763.463.0000
kroll@oncostim.com
OncoStim Inc. is a privately held medical device company developing products to treat patients with solid tumors. The StimGen SXT, is an innovative, patented system designed to ablate non-resectable solid tumors using low-level direct current (DC). The StimGen SXT system is significantly more effective and can address a much larger pool of unresectable patients than thermal based ablation systems. OncoStim is initially focusing on non-resectable liver (primary and secondary), pancreatic and lung tumors. Pre-clinical results have been very positive and the company plans to submit a 510(k) application next year.

Bill Haworth, CEO
12925 16th Ave. North
Plymouth, MN  55441
763.398.6203
billh@placorinc.com
 

PlaCor, Inc. is a development stage company with proprietary technology for measuring the effect of anti-platelet drugs.  The company was formed in 2003 by four former executives from AVECOR Cardiovascular, Inc. to further develop a novel device to measure platelet reactivity.  In the US alone, tens of millions of people take aspirin and other anti-platelet drugs daily to prevent heart attacks and strokes.  Testing to ensure that these drugs are indeed working is a large, emerging market area.  The company has raised over $1.6 million in initial financing and is now seeking an additional $2.5 million (or greater) in 2005.  Proceeds will be used to complete product development, finish laboratory and clinical studies and obtain 510(k) approval.  Commercial launch is expected early in 2006.

Mark Underwood, COO
455 Science Drive, #120
Madison, WI  53711
QRG Bioscience is a biopharmaceutical company focused on the discovery, development and commercialization of novel medicines to treat the diseases of aging. The company's therapeutic products focus on alleviating the consequences of impaired calcium homeostasis - the imbalance of calcium ions commonly thought to be related to neurodegenerative diseases such as Alzheimer's and Parkinson's diseases. QRG Bioscience is set apart by its cutting-edge applications of the calcium-binding protein aequorin, breaking new ground in the fight against neuronal degeneration.

Robert Keller, CEO
1000 Westgate Drive, #260
St. Paul, MN  55114

Silicon Informatics, Inc.  Desktop Supercomputing, Workstation Prices  Silicon Informatics, Inc, is developing technology that will deliver the power of supercomputing to the desktop – directly to users of high value engineering, scientific and business applications.   Currently, these users rely upon servers or clusters of computers that are typically installed within corporate or departmental IT data centers.  Through our DSA-5000 deskside server appliance, users will be able to customize and launch compute-intensive and data-intensive applications within their own PC environment – independent of their IT data centers.   Our platform will offer the performance of large cluster computing at a fraction of the cost.

DJ Paxton, CEO
312 Van Buren Avenue South
Minneapolis, MN  55343
612.290.4886
dj@throughthebox.com
Prospects and customers connect with corporate clients and their products and services using Through the Box® Incorporated's marketing solutions that combine master teaching techniques, marketing best practices and interactive computer-based technology. Three secondary service e-learning lines diversify risk, represent niche audiences with large, underserved, stable markets and provide stability with large growth opportunity.

George Reese, CEO
333 South 7th Street, #1330
Minneapolis, MN  55402
Founded by technology professionals from the ad agency J. Walter Thompson, Valtira has built a portfolio of software products that address the needs of marketing, communications, and sales managers. This portfolio includes the only ad agency-focused content management system, Simplicis, and the only software that enables sales professionals to build targeted sales web sites from existing marketing collateral, Spotlite.

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Frank Solomon, CEO
1853 Buerkle Road
St. Paul, MN  55110
651.779.6859
fsolomon@islet.com

Islet Technology, Inc. (ITI) is a cell therapy company focused on enabling the transition of islet transplantation from its current success within the context of human research trials to full clinical availability as a curative therapy for diabetes. ITI’s two patent protected technologies, islet isolation and islet encapsulation, are essential in preparing islet cells for successful transplantation. The market potential of providing islets for transplant center use is estimated to be $131 million in 2006, growing to $415 billion by 2015. ITI plans to file its Biologic License Application (BLA) to the FDA in 2H05 and gain approval to launch its first product, InsCellsÔ, in 2H06. InsCells are islet isolated from deceased human donors. Our follow-on product, CapCellsÔ, will launch in 2H10. CapCellsÔ are islets sourced from deceased and living donors and protected by a proprietary coating that allows islet transplantation without the use of immunosuppressive drugs. CapCellsÔ also enable the transplantation of islets sourced from non-humans (pigs) and from advances in bioengineering.

Jennifer Wood, CEO
438 Main Street South
Dover, MN  55929
Jenny's Country Kitchen is a manufacturer of gourmet food products.  Having started from a Local Farmer's Market in 1991, JCK has now grown to over 1.2 million in sales having secured such prestigious accounts such as Crate & Barrel, Von Maur, Le Gourmet Chef, Cabela's, Bass Pro and many gift shops across the Country including many hospital gift shops. In addition, JCK has been featured in QVC's best 50 in 50, Taste of Home magazine, and on the Food Network. After 14 years of perfecting the products and building brand awareness, Jenny's Country Kitchen is now positioned for tremendous growth, like it has never seen before.

TBA

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TBA

TBA

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 * All Registration Payments are Final and Non-refundable.  NetSuds makes every effort to ensure that listed speakers and program will occur as presented.  There are circumstances where speakers may not be able to participate as planned.  In that case, NetSuds will make efforts to replace listed speakers.  Cong. Kennedy and Cong. Gutknecht are co-hosts.  The dictates of their offices may preclude them from speaking at the Conference given the Congressional calendar.