Greater Philadelphia Venture Group Announces Open Call For Applications For The 2004 Mid-Atlantic Venture Conference; Opportunity For Any Technology Or Life Science Company Seeking Follow-On, Expansion, And Later-Stage Capital

Early Acceptance Will Offer Many Benefits to Companies Seeking Venture Funding

PHILADELPHIA, April 7 /PRNewswire/ -- The Greater Philadelphia Venture Group (GPVG), the region's leading private equity association, is now accepting rolling applications for the 2004 Mid-Atlantic Venture Conference (MAVC). Entrepreneurs and emerging or growth companies can apply now through August 11 at the MAVC website, www.mavc.org.

The largest and most prestigious private equity event on the East Coast, the 2004 MAVC will take place on October 25, 26 & 27 at the Pennsylvania Convention Center, Philadelphia. This year, the MAVC is looking for approximately 70 of the most promising technology and life science companies seeking early- to later-stage funding. Once selected, they will be given the invaluable opportunity to present their business plans to an international audience of over 320 investors.

"MAVC Featured Companies have raised over $2.0 Billion in the past five years. Any technology or life science company seeking follow-on, expansion, and later-stage capital should view this as golden opportunity to apply to be a Featured Company," says Steve Crane, Philadelphia Emerging & Growth Markets Practice Partner, Ernst & Young LLP, and Chairman of the 2004 MAVC. "The market for private equity financing this year is extremely competitive so we highly encourage companies in search of investments, from follow-on to pre- IPO, to participate in the early selection process prior to the June 18 deadline and take advantage of this premium exposure to the private equity community."

Applications will be reviewed by the Venture Conference's Selection Committee, which is composed of top-level private equity investors from across the region. All companies are encouraged to apply before the June 18 early application deadline. The first 25 companies who complete their application before June 18, and who are accepted, will receive one complimentary ticket for a company investor or board member to attend the MAVC. As an added benefit, these companies will also be eligible to receive a 25% discount ($300) off the Featured Company participation fee.

Companies that are not selected in the early application round will remain in the pool until the final MAVC selection committee rounds in late August. The final application deadline is Wednesday, August 11 at midnight.

For more information about the 2004 Mid-Atlantic Venture Conference, please visit www.mavc.org. Media can contact Kristy Lash at 610-642-8253 or email kristy@gregoryfca.com.

About MAVC

The Mid-Atlantic Venture Conference (MAVC), the largest and most prestigious private equity event on the East Coast, will be held October 25, 26 & 27, 2004, at the Pennsylvania Convention Center, Philadelphia. Throughout its 15-year history, the MAVC has prided itself on the quality of its audience, comprised of premier private equity investors, Featured Companies, investment bankers, commercial lenders and service providers. Attracting over 1,200 attendees, including 320 investors from across the country, the 2004 MAVC expects to highlight 70 Featured Companies, representing the highest quality investment opportunities from the Mid- Atlantic area and beyond.

As the MAVC's host, the Greater Philadelphia Venture Group (GPVG) reaches up to New England, down to the Southeast, and out to the Midwest, to highlight the most promising emerging and growth companies, from follow-on to pre-IPO investments. From 1998 to 2003, MAVC Featured Companies have raised over $2.0 Billion in early to later stage funding. Beyond the Featured Companies, the MAVC offers high value networking opportunities and timely and topical programs, including dynamic speakers and lively panel discussions. As always, the MAVC will feature robust technology and life sciences tracks, presenting exciting companies in areas including IT, nanotechnology, telecommunications, medical devices, biotechnology, and specialty pharmaceuticals, making the MAVC the private equity event not to be missed.

For additional information, please visit www.mavc.org.

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Source: Greater Philadelphia Venture Group

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