NEW ORLEANS & TULSA, Okla.–(BUSINESS WIRE)–Sept. 5, 2003–Proxity Digital Networks, Inc. (Pink Sheets:PDNW) announced its Wholly owned subsidiary On Alert Systems, Inc. has been chosen as anOklahoma and regionally based rapid growth entrepreneur company to be showcased to investors on September 17-18, 2003 at the 14th Annual Southwest Capital Conference (SWCC). This two-day event,hosted by the Oklahoma Investment Forum, provides entrepreneurs who are seeking high-risk capital the opportunity to network and develop relationships with capital providers and businessprofessionals from across the nation.
The selected companies include Cytovance Biologics, Inc.; ForcePro, LLC; Intelemed.net; LifeGuard America, LLC; nScrypt; On Alert Systems; Selexis Corporation and Zapaq, Inc. The companies range from start-up to expanding growth, representing the manufacturing, biotechnology/life sciences, information and security technology markets.
Each entrepreneur company will have an exhibit at the conference and give a 10-minute verbal presentation. Last year, the conference audience included venture capitalists from 10 different states, representing more than $6 billion in managed funds.
“We are excited to continue to build on the momentum from last year’s capital conference. We plan to host venture capitalists from within and outside of Oklahoma. The conference is part of the ongoing efforts of the Oklahoma Investment Forum, as we provide educational venues for both private equity investors and entrepreneurs,” said Tom Walker, Executive Director of the Oklahoma Investment Forum. “This year’s roster of entrepreneur companies is proof of the increasing quality of growth companies in Oklahoma.” “Being chose to present at this event is great opportunity for On Alert. to introduce its product lines to this type of investment audience. If we are successful in funding On Alert, it could accelerate our marketing timetable and open additional opportunities for the company,” said On Alert CEO Billy Robinson.
The Southwest Capital Conference is the only conference of its kind in Oklahoma. The conference features a robust educational program for entrepreneurs, private-equity companies and service providers focused on the development of high growth companies. It is two days of presentations on economic outlook, venture capital updates, business development, networking and exhibits.
The Oklahoma Investment Forum (OIF) is a member-driven organization devoted to promoting the exchange of information and the development of an environment in which Oklahoma growth companies can meet their needs for access to capital, education, and other resources.
OIF is managed by the Oklahoma Technology Development Corporation (OTDC). OTDC is a private non-profit corporation that manages a number of programs. These include the OTCC and the Technology Business Finance Program under contract with the Oklahoma Center for the Advancement of Science and Technology (OCAST) and the Oklahoma Investment Forum (OIF). OTDC has worked with over 900 companies since 1998 providing a variety of business development services. Oklahoma technology companies affiliated with OTDC have acquired $140 million in private capital since 1999.
About Proxity Digital Networks, Inc.
Proxity Digital Networks, Inc., www.proxity.com is a development company with two business units specializing in the deployment and integration of security protection technology, government contract fulfillment, high-speed Internet access and Internet web applications. On Alert Systems, Inc., www.onalertsystems.com is a wholly owned subsidiary that plans to acquire security technology that will support a full line of interoperable protection disciplines. The company also plans to enter into both teaming and exclusive and non exclusive marketing and distribution agreements for products developed for commercial, military and homeland defense.
