Event to Focus On Outside Funding Groups’ Interest in Utah Technology Companies

SALT LAKE CITY, UTAH – June 4, 2007 – Industry experts and venture capitalists will discuss the trend of out-of-state funding groups looking to Utah for development opportunities at an industry breakfast hosted by the Utah Technology Council (UTC) on Wednesday, June 13, 2007, at 7:30 a.m. at UVSC’s Sorenson Student Center, Centre Stage, in Orem..

The panel discussion, entitled “An Outside Look on Venture Funding,” will involve a number of industry experts including Darlene Collins, Managing Director of Psilos; Phil Reed, General Partner of Highway 12 Ventures; and Ido Sarig, Venture Partner of Thomas Weisel Venture Partners. UTC trustee Todd Stevens, managing director of Wasatch Venture fund, will moderate the discussion.

“Utah has experienced tremendous growth in the technology sector due, in no small part, to outside investors,” said UTC President and CEO Richard Nelson. “This is a wonderful opportunity to hear from those investors and determine their concerns, so we can ensure continued development in the region.”

Collins operates out of Santa Fe, New Mexico, where she leverages over 20 year’ health care experience and a national network of government and industry relationships in support of Psilos' investment philosophy. Reed of Highway 12 Ventures in Boise, Idaho, has more than 30 years of experience in founding and building companies such as SkyStar Aircraft Corporation and Duckets Corporation. Sarig of Thomas Weisel Venture Partners in Palo Alto, California, focuses on enterprise and infrastructure software and is responsible for identifying new investment opportunities in those areas.

For more information or to register for this UTC industry breakfast, please visit www.utahtechcouncil.org or call 801.568.3500. The cost of the breakfast is $10 per person for UTC members and $20 for non-UTC members. Parking will be validated in Lot L north of the SorensonCenter. Participants are encouraged to come early and network.

For more information about upcoming UTC events, readers can visit www.utahtechcouncil.org.

About UTC

As the premier professional organization for Utah's 4,300-plus technology companies, the Utah Technology Council exists to form closer relationships with industry and community leaders, develop superior management talent, sharpen professional skills and help gain access to capital. For more information on UTC, please visit www.utahtechcouncil.org.

Agency Contact:

Cheryl Snapp Conner
Snapp Conner PR
T) 801 994-9625

UTC:
Judy Young
T) 801.568.3500