CAPstart Market Update 

March 2003

Welcome to the CAPstart Market newsletter

• Successful Capital Raisings

• New CAPstart Listings

• Existing Listings Update

• Investor/Management Buy-ins

• Commercialisation Forum 26-28 March 2003
  

Successful Capital Raisings:

SME No 232 Patented Energy Saving Roof Coating:
In late December 2002, CAPstart Market raised $500,000 for  the business.  The CAPstart registered investor previously owned an insulation business and is assisting the management with administration.

SME No 321 Software For Global Construction Industry:
Company raised money through rights issue to shareholders.

New CAPstart Listings:

We are working with 6 PitchFest Finalists and Semi-finalists to list them on CAPstart Market. The first of these is River Dynamics Pty Ltd whose details are below.

There have been two press releases issued over the last two months involving their customers AAMI and QBE; to access please double click on www.smartalloc.com/news 

Existing Listings Update:

SME No 20 Hybrid Marine Power and Flexicell Solar Panels:
As previously advised the company is in negotiation with a US firm under which the US firm has "first right of refusal" for investment and accordingly we have had to delist the company. We will keep you updated.

SME No 141 E-procurement Software:
Company wins Queensland Local Govt. Association contract for 125 regional councils.
Companys transactions double in 6 months from 1 July 2002 to 31 December 2002.

SME No 142 Secure Electronic Workspace For sensitive Information:
Company secures first (paying) customer with three public company board level deployments involving 50 users and several hundred sensitive board and strategy documents.

SME No 352 High Volume/Low Cost Delayed Release Drug Platform:
Company entering into Stage 2 Trials with 2 major Pharmaceutical Companies

Investor/Management Buy-ins:

CAPstart Market has investors looking for companies to acquire as part of a management buy-in. The investors are looking to provide capital and full time management expertise as part of a succession plan for the business. This may interest owners looking to exit some or all of the business  through the introduction of new management and capital.

Commercialisation Forum 26-28 March 2003

CAPstart Market has taken a booth at the up and coming Commercialisation Forum and Fair of Ideas (CFFI) where new technologies and spin-off companies from public sector research institutions will be showcased at Darling Harbour from 26th-28th March 2003. The prestigious $100,000 Peter Doherty Prize for Innovation will be awarded to the research with the most commercial potential as judged by an independent panel.