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  • August 06, 2018 4:09 PM | Carol Lane (Administrator)

    By Jamie Herzlich

    'Angels' invested larger amounts in fewer deals last year, report finds 

    Long Island experts expect a strong year for angel investing in 2018, mirroring national trends.  One expert says he's seeing a "historically high volume" of local firms looking to pitch to investors.

    Matt DeMaio, president of Valley Stream-based Condition One

    Matt DeMaio, president of Valley Stream-based Condition One Nutrition, recently snagged angel funds for the firm.  Photo Credit: David Handschuh

    Updated July 8, 2018 6:00 AM

    Angel investors, or high net-worth individuals as they’re known, invested larger amounts in fewer deals last year, according to the Center for Venture Research at the University of New Hampshire.

    Total investments nationwide in 2017 were $23.9 billion, an increase of 12.6 percent over 2016, while the number of entrepreneurial ventures that received angel funding — 61,560 —  was down 4.4 percent, according to the center’s data.

    The numbers bode well both locally and nationally for entrepreneurs.

    Matt DeMaio, left, of Valley Stream-based Condition One Matt DeMaio, left, of Valley Stream-based Condition One Nutrition, produces the firm's meal replacement bars at Kaltec Food Packaging in Port Jervis. Photo Credit: David Handschuh

    “I think we’re on the right track,” says Jeffrey Sohl, director of the UNH center. “This looks like a relatively stable market.”

    There are good deals to be had for angels, although they appear to be paying slightly more for them, he says. The higher valuations could reflect more competition for fewer deals, he says.

    While local statistics weren’t broken out, New York and Boston are “two major centers of startup activity and angel investing,” says Sohl.

    On Long Island, experts said activity mirrored the national report’s findings, with larger amounts invested in fewer deals.

    Members of the Long Island Angel Network, who invest in early-stage companies, provided more than $5 million in funding to companies in 2017, slightly higher than in 2016, estimates LIAN board chairman Michael Faltischek, a founding partner at the Ruskin Moscou Faltischek, llaw firm in Uniondale. Most of those were "follow-on investments"-meaning investments in early-stage firms that are further along in their business models and may have started producing some revenue.

    That follows the trend in the national report’s findings:  The percentage of angel investments in companies in the seed and startup stage was identical  in 2016 and 2017, at 41 percent, but angels increased their presence in early-stage investing to 41 percent of investments, up from 31 percent in 2016.  

    Faltischek says he is “ambivalent” about the local investment outlook for 2018, noting he’d like to see more “quality” opportunities for seed investment locally in order to attract more angels.  He says he is meeting with local research institutions and universities to gauge future opportunities for commercialization of technologies.

    Condition One Nutrition bars ready for packaging at Condition One Nutrition bars ready for packaging at Kaltec Food Packaging in Port Jervis. The Valley Stream-based firm recently snagged angel funding. Photo Credit: David Handschuh

    Meanwhile, Neil Kaufman, chairman of the Long Island Capital Alliance and managing member of Kaufman & Associates law firm in Hauppauge, says he’s seen a good crop of firms presenting at LICA’s quarterly forums, where companies pitch to potential investors.

    “We’ve seen a high quantity of high-quality local companies at all stages,” he says, noting LICA has been receiving a “historically high volume of applicants” to present at its forums.

    Kaufman says he expects 2018 to continue 2017’s trend, with a strong volume of applicants and activity.

    Matt DeMaio, president of Valley Stream-based Condition One Nutrition, hopes so.

    Matt DeMaio, president of Valley Stream-based Condition One Matt DeMaio, president of Valley Stream-based Condition One Nutrition, works on cutting and packaging the bars at Kaltec Food Packaging in Port Jervis. Photo Credit: David Handschuh

    He presented at LICA’s December forum and recently snagged angel funds for his firm, which manufactures meal replacement bars.

    “I’m in discussions for additional funding from other angel investors I met through LICA,” he says, noting Kaufman assisted in structuring and closing the deal.

    DeMaio wouldn't reveal the amount of funding he received but says it will be used for working capital, marketing and sales.

    Going forward, Bob Brill, managing partner of Newlight Management in Jericho, which manages $100 million in tech investments, says he thinks 2018 will be a solid year.

    “I think 2017 was a good year for angel investing and 2018 will probably be better,” he says, noting better economic conditions will help fuel that.

    Brill, also on the board of LIAN and an angel investor himself, sees strong interest in cybersecurity, biotech, medical devices and financial tech companies.  

    The key to getting angel funds continues to be the founding team and what they bring to the table, as well as the market, he says, noting those key elements have to be in place for him to invest.

    “Personally I may look at 20 to 30 deals and only invest in one,” says Brill.  

  • June 21, 2018 10:59 AM | Carol Lane (Administrator)

    Melville, NY – June 21, 2018 The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the launch of a Summer Internship Program and the selection of two promising business leaders of tomorrow as the 2018 class of summer interns.  The program is intended to provide qualified interns with exposure to a range of business disciplines while lending support to LICA’s mission of encouraging economic development on Long Island by facilitating capital formation and through education, networking, quarterly capital forums, and alliances with other regional organizations.

    “The launch of LICA’s Summer Internship program reflects the expanding activities of our organization and the importance we play in supporting the regional community,” said LICA Chairman Neil M. Kaufman.  “For our inaugural class of summer interns, we selected two individuals that demonstrated academic excellence, promising leadership skills, and a high level of interest in their career development.  We look forward to their contributions to LICA and their growth toward becoming future titans of industry on Long Island.”

    The 2018 class of summer interns for LICA include Jason Ambrosini and Kevin Boehme.

    Jason Ambrosini of Wading River, NY, is a recent graduate of StonyBrook University with a Bachelor of Arts in Political Science and a concentration in American Government, Law, and Public Policy. His background also includes an internship for Woodbury-based Bookkeeper360, a fast growing bookkeeping technology and advisory services firm.  During college, he completed a Study Abroad Program in Spain.  He is a graduate of Shoreham Wading River High School. He is actively involved in the East Coast Umpires Association and was awarded the Iron Man Award in 2016 for his dedication and commitment.

    Kevin Boehme of South Huntington, NY, will be entering this fall into his senior year at Villanova University.  He is working toward earning a Bachelor of Business Administration with a major in Finance and dual minor in Accounting and Business Analytics.  His background also includes an internship with Morgan Stanley’s Wealth Management division and participation in the Stifel Sophomore Investment Banking program.  He graduated from St. Anthony’s High School in South Huntington and was a 4-year member and senior year captain of the Crew team. 

    The interns will support LICA’s Executive Director Carol M. Lane in marketing, membership development, event management, social media and collateral development.  “We welcome the fresh ideas and new perspectives of our first group of interns and appreciate their assistance in reaching our organizational goals,” said Ms. Lane.  The interns also will have the opportunity to engage with LICA’s Board of Directors comprised of 12 New York City and Long Island based business leaders representing the fields of corporate securities and intellectual property law, audit and accounting, corporate and venture development, investment management, investment banking, operational management, investor relations and corporate communications.  The internship is designed to offer hands on experience in marketing and development of a non-profit organization which in turn is focused on the creation and advancement of all forms of growth businesses.

    Save the Dates – Upcoming LICA Events

    Capital Forums

    September 14, 2018 -- Technology Capital Forum
    December 7, 2018 – Technology Capital Forum

    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


  • February 13, 2018 5:01 PM | Carol Lane (Administrator)

    Melville, NY – February 14, 2018 The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies and investor panelists for its Technology Capital Forum to be held on Friday, March 9, 2018. The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around dynamic and emerging technologies. 

    Seven companies in the technology sector will present their business plans to an audience that will include 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 technologies that innovatively solve modern day problems and have strong catalysts for growth.  A panel of investment professionals will 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.

    Technology Capital Forum on March 9, 2018 -- Participants

    Presenting Companies

    Acculis: A web-based platform for general contractors to streamline 3D design for construction.  Based in New York, NY.

    Brimes Energy: Harnessing the power of renewable wave energy, a vast, untapped, & clean resource.  Based in Hauppauge, NY.

    Food Moves: Marketplace that connects mobile food vendors, including food trucks and farmers markets, to targeted consumers and suppliers.  Based in Brooklyn, NY.

    Idiom: A proprietary cloud-based application to disrupt and redefine the $800 million yearbook industry by porting the print yearbook to the cloud.  Based in Huntington, NY.

    Munch Money:  A mobile loyalty & marketing platform that connects users to an array of fast casual restaurants where they can load funds into brand specific accounts to access per-purchase discounts and other perks.  Based in West Islip, NY.

    Omni-Scient:  A virtual reality E-Commerce landlord with patented 3D immersive technology.  Based in Bellmore, NY.

    SSVR Distribution: Technology to reduce avoidable police-citizen violence by improving officer judgement through VR training.  Based in New York, NY.

    Panel of Investors:

    The panel will be moderated by Corey L. Massella, Managing Director of UHY Advisors NY, Inc. and President of LICA.  The following investment professionals will participate in the investor panel at the Technology Capital Forum:

    Robert Delman: Mr. Delman is a recognized angel investor and a Managing Director of Golden Seeds, an angel investor organization targeting high growth women-led ventures.  He also is a Limited Partner in Golden Seeds Fund 1 and Fund 2, AccelFoods, ARC Angel Fund, BluePrint Health, Canrock Ventures and Las Olas Ventures, all of which invest in seed and early-stage companies with high growth potential. 

    Inbar Haham: Ms. Haham is a Managing Partner at Capital A Partners, “CAP A”, an early stage, Preferred Seed and Series A venture capital firm operating out of New York, NY, USA & Stockholm, Sweden. CAP A invests in B2B tech companies focused on the global marketplace in areas of Mobility, Security, Human / Computer Interaction and “Infrastructure of Things”.  She has over 12 years of technology and finance experience. As a venture capitalist, she led business development for 5 years in the USA for Magma VC, one of Israel’s most established VCs.

    Alex Katz:  Mr. Katz is a Managing Partner & Investing Partner of FF Venture Capital.  As Investing Partner, he identifies investment opportunities and serves as Lead Investor on many of the firm’s investments.  He also serves on the Boards and audit committees of several portfolio companies, including those in the Information Security, Enterprise SaaS, Consumer Electronics and VoIP industries.


    LICA is hosting the Technology Capital Forum on Friday, March 9, 2018 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747.  The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging technology companies.  Investors receive complimentary admission.

    Save the Dates – Other LICA Events

    Capital Forums

    May 31, 2018 (Healthcare)
    September 27, 2018 (Special Event)
    December 7, 2018 (Life Sciences/Pharma)

    Entrepreneur Educational Series with NYIT
    March 26, 2018 (How to Leverage Employees & Vendors for Growth)

    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.

    jdarrow@darrowir.com


  • November 11, 2017 4:02 PM | Carol Lane (Administrator)

    Melville, NY – November 8, 2017 The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies and investor panelists for its Food & Beverage Capital Forum to be held on Friday, December 1, 2017. The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around dynamic and emerging trends in the consumer edible, food service and agricultural products sectors. 

    Jeff Lichtenstein, CEO of Organic Opportunities and Founder of Gourmet Guru, which he built and successfully sold to an industry leader, will deliver the keynote address at the capital forum describing his path to success. Five companies in the consumer edible, food service and agricultural products sectors will present their business plans to an audience that will include 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 better-for-you edible products or supply chain and food service-related innovations with strong catalysts for growth.  A panel of investment professionals will 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 food and beverage sector.

    Food & Beverage Capital Forum on December 1, 2017 -- Participants

    Keynote Speaker

    Jeff Lichtenstein, CEO of Organic Opportunities and Founder of Gourmet Guru

    Mr. Lichtenstein built Gourmet Guru, an all-natural and organic food retail distribution company, with a $10,000 personal investment in 1996 into a vertically integrated manufacturing, importing, representation, merchandising, consultancy and distribution business based in a state of the art LEED-certified facility in Hunts Point, Bronx, with over $60,000,000 in revenues and over 100 employees before being sold in 2016.  In 2017, he launched Organic Opportunities, raising the bar in the organic food/beverage technology landscape. 

    Presenting Companies

    MUD Frozen Dessert:  The first non-dairy nutritious frozen treat made with absolutely NO processed sugars or additives.  The company is based in Belle Harbor, NY.

    Renuble:  An innovative supplier of organic fertilizer to fill the growing need for organic crop production by growers.  The Company is based in Stony Brook, NY.

    Ortex Organics:  An environmental technology company offering cost-effective food and organic waste solutions.  The company is based in Brooklyn, NY.

    Foodfaves:  A mobile app to help people identify their food cravings and quickly and easily order a solution to satisfy it. The company is based in Deer Park, NY.

    Keith Nervous Breakdown:  A provider of all-natural, non-alcoholic, specialty bottled cocktail mixers sold to distributors for retail stores, restaurants, hotels and on-line retailers.  The company is based in East Hampton, NY.

    Panel of Investors:

    The following investment professionals will participate in the investor panel at the Food & Beverage Capital Forum:

    Mark Elenowitz: Mr. Elenowitz is the CEO of TriPoint Global Equities, LLC and BANQ®, a leading electronic broker-dealer. He integrates a successful entrepreneurial background with extensive financial services and capital markets experience to advise clients on financings and acquisitions.  Mr. Elenowitz is also Managing Director of TriPoint Capital Advisors, LLC.  He is the recipient of several entrepreneurial awards and has been profiled in BusinessWeek and on CNBC. 

    Robert Hussey:  Mr. Hussey is a seasoned financial, marketing, and operations executive focused on advising private equity and institutional investors.  He founded and managed the first NASDAQ IPO and ultimate sale to News Corp of POP Radio, which became the country's largest direct broadcast satellite network. He is currently the Lead Board Director of CPXi, a top 10 US independent digital media company.  

    Daniel Broyles:  Mr. Broyles is a partner of FundWorks, a venture capital fund with $100 million in assets.  Prior to establishing FundWorks, he was active in the real estate market, including the National September 11 Memorial Museum. Mr. Broyles is also a member Andrew Carnegie Business Council.

    LICA is hosting the Food & Beverage Capital Forum on Friday, December 1, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747.  The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging food and beverage companies.  Investors receive complimentary admission.

    New LICA Sponsor

    LICA is pleased to welcome the support of R&D Tax Savers as its most recent new sponsor.  R&D Tax Savers was founded by Charles R. Goulding, Attorney/CPA, in order to identify for its clients qualified R&D tax credits. Since 1981, the R&D tax credit has helped stimulate American innovation. R&D Tax Savers plays a key role in helping companies grow by quantifying and monetizing their ingenuity.

    The work of LICA in assisting dozens of local companies in raising over $150 million and providing business formation consultation would not be possible without the support of its sponsors.  Including R&D Tax Savers, a total of 14 sponsors provide LICA, a non-profit organization, with financial contributions and in-kind services.

    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.

    jdarrow@darrowir.com


  • September 26, 2017 2:21 PM | Carol Lane (Administrator)


    Melville, NY – September 22, 2017 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies and investor panelists for its Healthcare Capital Forum to be held on Wednesday, September 27, 2017. The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around innovative healthcare products and services.

    Henry Schein, Executive Mark Mlotek will deliver the keynote address at the capital forum. Four companies will present to an audience that will include 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 clinical outcomes and improve healthcare processes with strong catalysts for growth. A panel of investment professionals will be 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 technology sector.

    Healthcare Capital Forum on September 27, 2017 -- Participants

    Keynote Speaker

    Mark E. Mlotek , Executive Vice President, Chief Strategic Officer, Henry Schein, Inc. (Nasdaq: HSIC)

    Mr. Mlotek is Executive Vice President and Chief Strategic Officer and a member of the Company’s Company's Board of Directors and Executive Management Committee of Henry Schein, Inc., one of Long Island's largest public companies. In his current role, Mr. Mlotek has three main priorities: worldwide merger and acquisition activity for the Company; business development, including important supplier partnership arrangements; and worldwide strategic planning. Prior to joining Henry Schein, Mr. Mlotek was a partner in the law firm of Proskauer Rose, LLP and counsel to the Company, specializing in mergers and acquisitions, corporate reorganizations and tax law. Mr. Mlotek graduated from the Columbia University School of Law with high honors in 1980.  

    Panel of Investors:

    The following investment professionals will participate in the investor panel at the Healthcare Capital Forum:

    Barry Salzman, Investor & Healthcare Operator 

    Mr. Salzman is a Managing Director for Compass Partners LLC, a merchant banking and financial advisory firm that specializes in middle market companies and corporate restructuring. Mr. Salzman joined Compass Partners LLC in July 2007, the same time at which he became a Board Member and Principal owner of BP Gamma Medical Supply Company. Prior to July 2007, Mr. Salzman served as Board Chairman, President and Principal owner of Becker-Parkin Dental Supply Company. After 20 years at Becker-Parkin, Mr. Salzman sold the company to Henry Schein Inc., after which Mr. Salzman served as President of Surgery Works, LLC.

    Eric Feinstein,  Managing Director, Northwell Ventures

    Northwell Ventures is the venture fund investment arm of Long Island, NY-based Northwell Health, New York State’s largest health care provider and private employer, with 22 hospitals, over 550 outpatient facilities and nearly 15,000 affiliated physicians. Mr. Feinstein Eric runs investment activities for the venture capital fund, driving portfolio growth, and commercializing new, innovative healthcare concepts within Northwell. He brings a wealth of experiences in the venture and private equity worlds, having made investments into and serving on the boards of several later-stage medical device and healthcare service businesses, as well as running long-term revenue growth engagements for consumer-focused companies. Mr. Feinstein Eric has also served in an operational capacity as the interim CEO for Healthflix, a healthcare IT start-up focused on patient engagement.  

    Christian Carlson, PhD, Director, Crosstree Tree Capital Partners

    Dr. Carlson Christian has over five years of investment banking experience, working with  a variety of clients, including life science tools, services and software companies as well as biopharmaceutical and medical technology companies. He Christian began his investment banking career with 11T Partners, a Healthcare and Life Sciences focused investment bank in New York.  11T Partners recently combined practices with Crosstree Capital Partners, a leading investment bank specializing in pharmaceutical services and technologies, diagnostic products and services, and life science tools.

    Presenting Companies

    Arfona: Offers the capability of 3D printing of flexible dentures that provides an affordable and cosmetic option for patients missing teeth. The company is based in Westbury, NY.

    Ecosoft Health: Proprietary Patient Relationship Management platform that establishes bi-directional digital communications channels between patients and healthcare providers for pre- and post-care needs. The company is based in Wantagh, NY.

    Healthsapiens:  Cloud-based telehealth provider available 24/7/365 to meet the needs of consumers, employers, providers and health insurers. The company is based in New York City.

    Vascular Simulations: Stonybrook based company duplicates the cardiac cycle with a functional left atrium and ventricle to aid with various vascular pathologies. The company is based in Stonybrook, NY.

    LICA is hosting the Healthcare Capital Forum on Wednesday, September 27, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747. The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging healthcare companies.

    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.

    jdarrow@darrowir.com


  • May 23, 2017 1:14 PM | Carol Lane (Administrator)

    Four cybersecurity companies, including two based on Long Island, will present their pitches to a panel of investors next month.

    The Long Island Capital Alliance, a nonprofit capital formation and business development organization, is hosting the Cybersecurity Capital Forum on June 9 from 8 to 11 a.m. at 68 S. Service Rd. in Melville.

    The keynote speaker will be Lee Noriega, co-founder of Melville-based Oxford Solutions, a company that monitors and manages customers’ security operations.

    The presenting companies are: Bay Shore-based IP Video Corporation, which develops internet video management and command center software; Northport-based Code DX, which has a software vulnerability management system; Manhattan-based GTop Group Corp.’s Media Maestro, which provides monitoring of emails, satellite imagery, social networks, security systems, websites and apps, security databases, and video recordings; and Charleston, South Carolina-based Mission Solutions Group, which has products that provide infrastructure and services support around the world to the federal government.

    At the forum, each of the companies will present to an audience of venture capital firms, investment banks, private equity firms, and angel and high-net-worth investors. The investor panel will comment on the presenters’ commercial viability and on investment conditions in the cybersecurity sector.

    Business

    Cybersecurity tips from LI tech experts

    The three investor panelists include: William Reinisch, venture partner of the Paladin Capital Group, who is responsible for the investment activities of the Washington, D.C.-based company’s New York office; John Stack, a managing director at McLean, Virginia-based the McLean Group and leader of the aerospace practice; Michael Beck, independent angel investor and principal of advisory group EX Consulting LLC based in Brooklyn.

    The event is open to members of LICA at no cost. Nonmembers can pay on-site to attend or register in advance for $65. For more information, visit www.licapital.org/events.



  • May 22, 2017 3:18 PM | Carol Lane (Administrator)

    Key Note Speaker: Lee Noriega, Co-Founder of Melville, NY-based Oxford Solutions

    Melville, NY – May 22, 2017 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies, investor panelists and keynote speaker for its Cybersecuirty Capital Forum to be held on Friday, June 9, 2017. The capital forum will feature presentations by four companies which have connections to the Long Island region and are building business around innovative cybersecurity technology.

    At the capital forum, each company will present to an audience that will include venture capital firms, investment banks, private equity firms, and angel and high net worth investors. The companies selected by LICA for presentation at the capital forum possess valauble technologies to secure information and intellectual property or protect data privacy, with meaningful catalysts for growth. A panel of cybersecurity industry investment professionals will be 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 cybersecirty sector.

    Cybersecurity Capital Forum on June 9, 2017 -- Participants

    Key Note Speaker: Lee Noriega

    Lee Noriega is a founding member of Oxford Solutions, a global Managed Security Services provider that monitors and manages customers' security operations. Mr. Noriega has spent more than 30 years as a cybersecurity professional for the government and in commercial organizations. After retiring from the U.S. Navy as a Network Security Officer, he identified and tracked cyber attackers around the world for the FBI. 

    Panel of Investors:

    The following investment professionals will participate in the investor panel at the Cybersecurity Capital Forum:

    William Reinisch, Venture Partner, Paladin Capital Group: Mr. Reinisch is responsible for the investment activities in the New York office of Paladin Capital. He is also the CEO and Founder of XIV River. He specializes in strategy and investments for the high tech industry. He was most previously the Vice President of Strategy and Technology with Motorola.  He earned an MBA from Fordham University and a B.S. from Rochester Institute of Technology (R.I.T.).

    John Stack, Managing Director, Aerospace Leader, The McLean Group: Mr. Stack, has 25+ years’ global strategy, business development and M&A experience focusing on publicly-held and private companies. He previously was VP, Strategy & Business Development and a member of the Senior Leadership Team at Cessna Aircraft Company, where he led the Columbia Aircraft acquisition. Prior to that, he was Director, Strategy Development & International at Textron. He holds a degree in Business Administration from Bryant University and an MBA from Fordham University. 

    Michael Beck, Independent Angel Investor: Mr. Beck is an angel investor and the principal of EX Consulting LLC, an advisory group that performs scalability and stability assessments of entrepreneurial companies in healthcare, finance, wealth management and cybersecurity. Michael is also the founder of Medox Technologies Inc, a healthcare SAAS security platform. He holds a B.A. and MBA from Columbia University.

    Presenting Companies:

    GTop Group Corp.:  GTop’s Media Maestro is a big data and active surveillance solution for monitoring of emails, satellite imagery, social networks, security systems, websites and apps, security databases, and video recordings. Additional information is available at www. www.gtopgroup.com.

    IP Video Corporation:  IP Video Corporation develops enterprise-class IP video management and command center software applications. An industry pioneer since its introduction of one of the first network-based surveillance recording solutions, IPVideo Corporation is now at the forefront of developing unique, innovative solutions that harness the power of IP video technology. Additional information is available at www.ipvideocorp.com.

    Mission Solutions Group:  Mission Solutions Group’s products provide dedicated mission critical infrastructure and services support around the world to the U.S. Government.  Additional information is available at www.missionsolutionsgroup.com.

    Code DX:  Code DX has an affordable and easy-to-use software vulnerability management system. Additional information is available at www.codedx.com.

    LICA is hosting the Cybersecurity Capital Forum on Friday, June 9, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747. The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for cybersecurity and related technology and services companies.

    Save the Date – Additional Upcoming Events from LICA:

    September 15, 2017 -- Healthcare Capital Forum

    December 8, 2017 -- Food, Wine and Beer Capital Forum

    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


  • March 01, 2017 10:25 AM | Carol Lane (Administrator)

    Guest Key Note Speaker:  Pam Krueger, Host and Executive Producer of the award-winning PBS TV Series MoneyTrack

    Melville, NY – March 1, 2017 The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies, investor panelists and guest keynote speaker for its Technology Capital Forum to be held on Friday, March 10, 2017.  The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around innovative technologies which address sectors such as software applications, artificial intelligence (AI) and virtual reality (VR), cloud-based solutions and optical/thermal imaging. 

    At the capital forum, six companies will present to an audience that will include 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 will be 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.


    Technology Capital Forum on March 10, 2017 -- Participants

    Key Note Speaker:  Pam Krueger

    Pam Krueger is the host, creator and executive producer of MoneyTrack, an award-winning PBS TV series.  She also is the founder of WealthRamp and an investor education expert.  

    In 2015, Ms. Krueger launched WealthRamp, an online solution to help consumers find qualified financial advisors who adhere to the highest fiduciary standard, and who are not commission-driven. WealthRamp uses an eHarmony style algorithm to match individual investors to the best-fit advisors, and is available to consumers at no cost.  Ms. Krueger also created the award-winning MoneyTrack investor education television series seen nationally on over 250 PBS stations. She is the recipient of a 2010 and 2009 Gracie Award, educating the public about personal investing, and finding the right financial advice. Ms. Krueger’s newest one-hour special, MoneyTrack: Money for Life, began airing on PBS in late 2016.  She serves on the board of directors of the California Jump$tart Coalition, an organization dedicated to increasing financial literacy among children and teens, and received the Financial Educator of the Year Award in 2010 from the Financial Literacy Institute.

    Panel of Investors:

    The following investment professionals will participate 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.

    Presenting Companies:

    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 on 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.

    LICA is hosting the Technology Capital Forum on Friday, March 10, 2017 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747.  The capital forum provides an opportunity to meet capital providers, entrepreneurs, industry executives and businesses seeking capital, as well as to hear a panel of industry experts discuss financing alternatives for emerging technology companies.

    Save the Date – Additional Upcoming Event from LICA:

    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


  • February 09, 2017 11:00 AM | Carol Lane (Administrator)

    Long Island Capital Alliance and LISTnet Announce Strategic Partnership

    Melville, NY – February 9, 2017 The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization devoted to promoting the growth of the next generation of successful local companies, today announced the formation of a strategic partnership with the Long Island Software & Technology Network-LISTnet.  The partnership will bolster LICA’s reach into the rapidly evolving regional technology sector, while availing LISTnet-connected companies to LICA’s formidable and expanding platform for access to capital and business acceleration practices.  In connection with the partnership, the organizations have entered into reciprocating sponsorships and agreed to provide cross-promotional support of events and other programs as well as offer member benefits to participating constituents.

    Commenting on the strategic alliance, Neil M. Kaufman, Chairman of LICA, said, “LISTnet has been the leading advocate for the region’s technology sector for two decades.  While we have collaborated with them in the past, we are excited to more completely align our interests, beginning with contribution to our annual Technology Capital Forum being held on March 10.  Our collective capabilities and industry relationships should prove worthwhile for the many emerging growth technology companies on Long Island.”

    “Long Island Capital Alliance and its events have proven to benefit many companies for more than 30 years and we are very pleased to work more closely with this highly accomplished organization,” said Peter Goldsmith, President of LISTnet. “The partnership with LICA represents an important element of our mission to serve the local technology industry.”  Consistent with its mission, LISTnet recently created the 20-office co-working Digital Ballpark in Plainview, NY, for technology companies, with space to conduct events for over 100 people.

    LICA has held regular quarterly events since the beginning of 2012, when it announced a strategic transformation to enhance its ability to assist local companies.  At that time, LICA began to focus on assisting companies clustered in industries which are flourishing in this region, formed alliances with local business and professional organizations, and began engaging in social media initiatives to increase awareness and participation.  LISTnet last collaborated with LICA on LICA’s Cyber Security Capital Forum in 2012.

    Save the Dates – Additional Upcoming Events from LICA:

    • ·       March 10, 2017: Technology Capital Forum, Melville, NY, 8 AM Eastern
    • ·       April 6, 2017: Entrepreneur Education & Mentoring Series, NYIT Campus, Old Westbury, NY 6 PM Eastern
    • ·       June 9, 2017: Cybersecurity, Defense & Security Capital Forum, Melville, NY, 8 AM Eastern
    • ·       September 15, 2017: Healthcare Capital Forum, Melville, NY, 8 AM Eastern
    • ·       December 8, 2017: Food, Wine, Beer Capital Forum, Melville, NY, 8 AM Eastern

    About Long Island Software & Technology Network-LISTnet:

    The objective of LISTnet (www.listnet.org) is to promote Long Island as one of the national centers of excellence for software and technology solutions. This is achieved by facilitating collaborations between companies, establishing forums and events for the exchange of information, improving the quantity of the labor force and partnering with companies that provide the high technology centers necessary for the growth of L.I. software and technology companies.

    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.  


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