Wednesday, May 17, 2006
PwC's Shaking the MoneyTree - May 23, Los Angeles
PwC's Shaking the MoneyTree
Please join PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on Q1 2006 results of the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Financial.

Tuesday, May 23, 2006
The Regency Club
10900 Wilshire Blvd., Los Angeles, CA 90024
(310) 208-1443

8:00 a.m. - 8:30 a.m. Registration & Continental Breakfast
8:30 a.m. - 10:00 a.m. Program & Panel Discussion

Registration Fee: $30, Seating is limited so please register early,
business casual attire.

Register at:
by May 21. Please direct any questions to David Graves @ 213.356.6222.

Gateway To Open Nashville Manufacturing Facility
Irvine-based Gateway has selected Nashville, Tennesse for a new, configure-to-order manufacturing facility, the firm said today. The company said that it expects to employ more than 300 people and have an annual payroll of about $8M for the new site. The plant will assemble configure-to-order desktops, notebooks, servers, and storage arrays. Dell also maintains a manufacturing plant in Nashville.

posted on Wednesday, May 17, 2006(Full story) Integrates With Photoshop
Los Angeles-based announced today that its popular PhotoStamps service has been integrated with Adobe's Photoshop CS2, Elements, and Photoshop Album Starter Edition software packages. The company's service, which allows consumers to print their own, legal U.S. postage, is now integrated with Adobe's popular consumer editing applications. Those applications now allow users to edit their images and turn them into PhotoStamps from within the software. is a provider of software (More info...)

posted on Wednesday, May 17, 2006(Full story)

Vitesse Faces Delisting, Other Woes
Camarillo-based Vitesse announced Tuesday that the company's stock is subject to delisting from the Nasdaq. The company, which is listed as VTSS on the market, said that it has received a Nasdaq Staff Determination and is subject to delisting. The firm also said this morning that it has fired CEO Louis R. Tomasetta, CFO Yatin Mody, and EVP Eugene F. Hovanec. The firm's new CEO is Christopher R. Gardner, and CFO is Shawn C. A. Hassel. The company also gave an update on its finances, saying its in (More info...)

posted on Wednesday, May 17, 2006(Full story)

DivX Signs Panasonic
San Diego-based DivX has scored a win for its digital media format at Panasonic, saying today that Panasonic will incorporate its codec into two of the firm's DVD recorders. Panasonic Consumer Electronics will use the DivX video codec in its DMR-EH55S and DMR-EH75VS DVD recorders, allowing consumers to play back DivX encoded video. The win is the latest win for DivX, which is in the midst of an IPO to raise up to $118M.

posted on Wednesday, May 17, 2006(Full story)

Verari Adds 4GB Arrays
San Diego-based Verari Systems has announced new, 4GB Fibre Channel storage arrays, saying this week that its new products provide up to 8TB of capacity in a 3U form factor, aimed at the midrange computing market. Verari, which develops blade computing systems, said that its new VS4000 storage arrays provide 16 drive bays, up to 4GB of cache, and are focused on mid-range and HPCC applications. The systems support both SATA and Fiber Channel drives. Verari said the product will ship in June.

posted on Wednesday, May 17, 2006(Full story)

LeisureLink Appoints CEO
Pasadena-based LeisureLink, a venture-funded startup that operates an electronic marketplace for vacation rental and timeshares, has appointed a new President and CEO. The firm said yesterday that it has named Erik Hovanec to the position. founder and former CEO Kelly Tompkins continues as Chief Strategy Officer of the company. Hovanec has served on the company's board of directors since 2004, and has served as General Manager for Green Dot Financial Network. Hovanec was also at (Overtu (More info...)

posted on Wednesday, May 17, 2006 (More)(Full story)

DispenseSource Adds VP Sales
Irvine, California-based DispenseSource has named a new vice president of sales, the firm said today. Michael D. Blough has been named EVP Sales, and will head the company's global sales force. Blough was most recently at SAP America in the automotive and industrial sales group. DispenseSource develops inventory management hardware for the industrial market.

posted on Wednesday, May 17, 2006 (More)(Full story)

Sequenom Hires R&D Head
San Diego-based Sequenom, which is developing genetic analysis products, has hired a new Senior Vice President for Research and Development. The firm said it hired Betty Dragon, Ph.D. to the position. Dr. Dragon joins from Roche Molecular Systems. She was most recently Senior Vice President of Global Standardization and Vice President of Diagnostics Development at Roche. Sequenom is developing genetic analysis products that the company is targeting toward non-invasive prenatal testing, biomedica (More info...)

posted on Wednesday, May 17, 2006 (More)(Full story)

High Quality Corporate Tax Services
High Quality Corporate Tax Services

High quality, cost effective tax services, focused on tax planning
and tax compliance for both multi-national and smaller businesses.

Expertise in filing and preparation of domestic federal and state
corporate tax returns, information returns for foreign entities,
foreign tax credit forms, withholding tax returns and special filings.

Assist and interact with US and foreign tax counsels and advisors:

in reviewing company’s worldwide tax position, tax programs &
structures, developing & implementing tax savings opportunities;

in monitoring, reviewing and updating the tax impact of the
company's inter-company pricing arrangements and documentation.

on financial due diligence and tax planning products for
private equity and venture capital firms.

Contact Peter Svennefiord at (805) 428 4377 or via e-mail at or visit my website at

Bookkeeping & Accounting Solutions from Project Solutions
Bookkeeping & Accounting Solutions from Project Solutions

Are you spending too much time on your bookkeeping and accounting
when you should be focused on growing your business?

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MBA InfoSec Comes to LA!
MBA InfoSec Comes to LA!

I would like to introduce you to the MBA program with a
concentration in Information Security hosted by James Madison
University. This program is primarily on-line with four hours of
face2face meetings at the beginning and ending of each course.
These meetings are held on Saturdays in the Washington DC area.

The news is that this same program is coming to Los Angeles
and we hope to have our first group of students August 25, 2006.

There will be an information session on Wednesday, May 17 at
Baker & Hostelter LLP, located at 333 South Grand Avenue,
Suite 1800, Los Angeles, CA. 90071. The meeting will be from
6:30-7:30 PM.

For more information, see our website at
or email Dr. Kenneth Bahn at

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