Space Angels Network Announces 14 Presenting Companies For Its First Aerospace Venture...

Tue Sep 9, 2008 5:43pm EDT

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Space Angels Network Announces 14 Presenting Companies For Its First Aerospace Venture Forum

LEESBURG, Va.--(Business Wire)--
Space Angels Network, LLC, a national network of seed- and
early-stage investors focused on aerospace-related ventures, today
announced the 14 presenting companies it has selected for its first
Aerospace Venture Forum being held in Long Beach, California, on
September 25, 2008. The Forum will be a full-day event that showcases
promising aerospace-related ventures and allows entrepreneurs to
present their investment opportunities to an exclusive audience of
active accredited investors. The presenting companies include:

   --  Advanced Aero (www.invertedvtail.com) of Melbourne, FL

   --  American Dynamics Flight Systems (www.adflightsystems.com) of
        Jessup, MD

   --  Aviation Technologies International (www.avtechintl.com) of
        Orange, CA

   --  Blue Marble Network (www.bluemarblenetwork.net) of Sammamish,
        WA

   --  Brainlike Surveillance (www.brainlike.com) of Atlanta, GA

   --  Masten Space Systems (www.masten-space.com) of Mojave, CA

   --  Ocean Galactic (www.deepflight.com) of San Anselmo, CA

   --  Samson Motorworks (www.samsonmotorworks.com) of Meadow Vista,
        CA

   --  Skymeter Corporation (www.skymetercorp.com) of Toronto, ON

   --  Space Data Corporation (www.spacedata.net) of Chandler, AZ

   --  Terrafugia (www.terrafugia.com) of Woburn, MA

   --  Virtual Space Entertainment
        (www.virtualspaceentertainment.com) of San Anselmo, CA

   --  WheelTug (www.wheeltug.com) of Baltimore, MD

   --  XCOR Aerospace (www.xcor.com) of Mojave, CA

   "We were very pleased by the number of applicant companies with
impressive credentials, which made the selection committee's job
difficult given the limited number of presentation slots," said
Guillermo Sohnlein, founder and managing director of Space Angels
Network. "We are certain the investors attending the Aerospace Venture
Forum will see this group of emerging companies to be an interesting
cross-section of high-quality aerospace-related deals, including
sensors, telematics, and various types of vehicle systems."

   The event is scheduled to be the first of a series of "deal
screenings" organized across the U.S. by Space Angels Network for the
benefit of its investor members. Attendance is limited to the
presenting entrepreneurs and individuals qualifying as "accredited
investors" as defined by the Securities and Exchange Commission. The
purpose of the day-long program is to help investors meet and screen
potential investment opportunities by providing them with pre-screened
materials about each venture, briefings by the entrepreneurs, an
Entrepreneur Showcase, investment process support from the Space
Angels Network staff and online platform, and an end-of-day
collaborative session where investors will benefit from each other's
experiences to further refine their investment due diligence.

   The Aerospace Venture Forum is being co-hosted by the Keiretsu
Forum Southern California, part of the world's largest angel
investment network, which will also be conducting its own Venture
Forum and Investor Education Day on September 26 at the same location.
On the evening of the Aerospace Venture Forum, Keiretsu Forum Southern
California will hold a "Big Band Ball" fundraiser to launch its new
charitable foundation, with a portion of the proceeds being donated to
several aerospace non-profit organizations.

   More information about Space Angels Network and the Aerospace
Venture Forum can be found at
www.spaceangelsnetwork.com/ventureforums.php.

   About Space Angels Network, LLC

   Space Angels Network is a professionally managed national network
of seed- and early-stage investors focused on aerospace-related
ventures. The online platform allows members to find investment
opportunities, to connect with like-minded accredited investors and
aerospace industry experts across the U.S. and Canada, and to
collaborate on due diligence and deal negotiations. Space Angels
Network also organizes semi-annual Aerospace Venture Forums, which
offer entrepreneurs opportunities to meet face-to-face with accredited
investors and present their ventures for their consideration. Through
its extended strategic relationships with venture capital firms,
federal science and technology agencies, state economic development
organizations, research universities, incentive prize organizations,
and other partners, Space Angels Network creates a robust ecosystem
for both aerospace entrepreneurs and investors to connect for seed-
and early-stage financing. For more information, please visit
www.spaceangelsnetwork.com.

Wills & Associates, Inc.
Brad Wills, 301-346-7398
bwills@wills-pr.com

Copyright Business Wire 2008
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