Long Island Capital Alliance Celebrates Its 30th Anniversary
30 Years of Promoting Local Capital Formation and Business
Growth; Expansion Continues With New Affiliations and Programs
After Three Decades
Education Initiatives Strengthened -- LICA Endorses Proposed
Legislation for New York Education Investment Tax Credit
Technology Company Capital Forum Scheduled for March 7; Upcoming
Capital Forums to Cover Biotech, Consumer Products
MELVILLE, NY--(Marketwired - Feb 25, 2014) - The Long Island
Capital Alliance ("LICA"), the leading non-profit capital formation
and business development organization serving regional companies,
is celebrating its 30th anniversary in 2014. Recognized as the
nation's oldest venture capital group, in 2012 LICA undertook a
transformation to extend into the investment community beyond
traditional venture capitalists, which had been its primary
investor constituency since its formation in 1984. Today,
LICA's reach includes private equity firms, financial advisors and
high net worth individuals, as well as venture capitalists,
reflecting the organization's mission to facilitate growth capital
investments of over $1,000,000 in local companies. LICA's
presence and contributions to the local business landscape are more
significant than ever.
"As we celebrate our 30th year as the most recognized voice for
regional business funding and capital infusion, we acknowledge with
gratitude the efforts of our volunteer Board of Directors and our
growing number of members, partners and sponsors," said Neil
Kaufman, Chairman of LICA. "Our success and staying power
honors the legacy of our founders, including the late Herman
Fialkov, who established our course with a singularly focused,
independent mission for funding local companies and promoting local
economic development. Through our capital forums, networking
events and educational endeavors, LICA has since its inception
successfully aided dozens of local companies. Our results are
unparalleled, as we have facilitated the funding of over $200
million of growth capital and the creation of many local
jobs."
Recent of Many LICA
Success Story
In 2012, LICA held a Cyber Security Capital Forum in partnership
with the Long Island Forum for Technology ("LIFT"), a LICA Sponsor,
and Long Island Software & Technology Network ("LISTnet"), to
showcase some of the region's finest cyber security companies in
need of private investment and other business development
assistance. Among the expert panelists LICA hosted for this event
were Russell M. Artzt, co-founder and former Chairman of CA Inc.
(NASDAQ: CA) and an inductee of Long Island Technology Hall of
Fame; Robert Brill, Founding Managing Partner of Newlight
Management; James McIlree, a Wall Street equity research analyst
specializing in cyber/defense technologies for nearly 20 years; and
William Reinisch, a Partner at Palladin Capital Group, a
leading venture capital firm. Among the presenting companies
was A+ Technology and Security Solutions Inc., a surveillance
systems company based in Bay Shore, NY.
A+ was started by David Antar in 1989 with a mission to take
world-class customer service into the educational marketplace.
Since that time, A+ has grown into a national and international
provider of technology solutions to customers ranging from Fortune
500 companies nationwide to major city school districts locally and
abroad, hospitals, government organizations and private
corporations. To aid in this expansion, Mr. Antar presented at
LICA's Cyber Security Capital Forum.
As a result of the LICA event, an attendee introduced Mr. Antar
to Westbury Partners, a Hauppauge-based private equity fund which
has approximately $200 million under management. Westbury
Partners invested $12 million in A+ in March 2013. Armed with
this new capital infusion, A+ continues to hire staff and grow as a
leader in IT, audio/visual, security and instructional
technology.
LICA Capital Forums and
Partnership Strategy
Throughout its 30 years of existence, LICA has evolved to meet
the needs of a changing region while capitalizing on marketplace
trends. LICA now presents quarterly capital forums that focus
on significant local industries, while creating alliances with
local professional organizations and utilizing social media to
increase awareness and participation. The common denominator
in LICA's efforts remains sustainable job and wealth creation
through private sector investments in growth businesses.
In recent years, LICA has pursued an aggressive strategy of
forming alliances with major Long Island business organizations.
This strategy leverages LICA's legacy of facilitating financing
activity on Long Island and the benefits from its position as a
leading repository of information related to various forms of
business financing. These alliances are intended to assist
LICA in institutionalizing a united and organized effort to
stimulate economic development and the creation of meaningful
companies and jobs on Long Island. As a result, LICA's highly
regarded Capital Forums has seen record levels of attendees and
presenting companies across a broad spectrum of industries.
In coordinating the Capital Forum series, LICA has partnered
with local organizations including the Long Island Forum for
Technology ("LIFT"), Cold Spring Harbor Laboratory, Brookhaven
National Laboratory, Long Island Software & Technology Network
("LISTnet"), Accelerate Long Island and Social Media Association,
Inc.
Upcoming
Events
LICA's next event is its Technology Company Capital Forum on
Friday, March 7, 2014 from 8:00 a.m. to 11:00 a.m. at 68 South
Service Road, Melville, NY. 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
technology companies. Each of the companies LICA selected for
presentation at the capital forum possesses unique technologies and
catalysts for significant growth which will be attractive to
investors. These investment opportunities include companies
that offer cloud-based software-as-as-service solutions, internet
applications, digital media services, online advertising,
manufacturing technologies, and mobile device and healthcare IT
platforms.
After that, LICA's next capital forum will feature Biotech
companies. LICA will present this event in collaboration with
Cold Spring Harbor Laboratory and the Feinstein Institute at North
Shore-Long Island Jewish Medical System, both locally-based
world-class institutions.
On July 29, LICA will host a capital forum for Consumer
Products.
On November 7, LICA will feature healthcare companies at its
final capital forum of 2014.
Educational
Programs In addition to providing access to capital and
funding sources, LICA has in recent years expanded its initiatives
to create an ecosystem of education, stewardship and consultation
as part of its efforts to assist in the development of local
emerging growth companies. To this end, LICA has strengthened
its Board of Directors through the appointment of seasoned business
executives, professional services providers and successful
entrepreneurs. LICA provides its presenting company
management teams with presentation coaching for investment
purposes, editorial review of collateral material, and
recommendations for presenting company business plans and
slideshows. Among recent appointments to its Board of Directors to
support its educational initiatives, LICA added
- Michael Lane, a highly accomplished technology executive with
private and public company experience,
- Michael Violano, CPA, for accounting and business consultation,
and
- George Likourezos, an intellectual property attorney and expert
in IP protection.
Further to its education efforts, LICA announced today that it
is pleased to endorse the proposed legislation for a New York
Education Investment Tax Credit. According to the "Invest in
Education" campaign website (www.investined.org) which is
supporting a New York Education Investment Tax Credit, the passing
of this bill is intended to boost investment in New York's public
and nonpublic schools through an education investment tax credit so
that every school and teacher has the resources necessary to
provide the best educational opportunities for the students,
families and citizens of New York State. The Investment Tax
Credit legislation (Senate bill S.4099-A) passed the State Senate
last year. Moving to the State Assembly, the bill (A.1826-B)
has more than 100 sponsors in the 150-seat chamber. The bill
is also supported by numerous labor, police and firefighter unions,
an AFL-CIO affiliate, and other organizations. LICA's Board of
Directors views education as integral to future business innovation
and workforce opportunities.
LICA Board of
Directors
LICA and its initiatives are coordinated and managed entirely
through the dedication of its exclusively volunteer Board of
Directors. Board members include accomplished business
executives, veteran members of the investment community,
professional services providers and highly respected advisors in
related professional service organizations. LICA's Board of
Directors include:
Neil Kaufman, Chairman Partner and chairman of the corporate
department at Abrams, Fensterman, Fensterman, Eisman, Formato,
Ferrara & Wolf, LLP, one of Long Island's largest full-service
law firms.
Corey Massella, President Partner at Citrin Cooperman, CEO of
the firm's SEC Solutions Group, Co-chair of the firm's Technology
Industry Practice and Transaction Advisory Service Group.
James Mattutat, Treasurer Veteran finance department and
investment management executive.
Irvin Brum, General Counsel Senior partner at Ruskin Moscou
Faltischek, where he is chairman of the firm's Corporate &
Securities Department.
Jeffrey L. Bass, Chairman Emeritus CEO of Executive Strategies
Group LLC, a strategic business advisory firm serving corporate
executive management and boards of directors.
Jerry Allocca President of CORE Interactive for over a decade,
Mr. Allocca leads an award-winning team of Internet specialists and
is a recognized Internet search engine marketing authority.
Argante Cappelli Retired from Deloitte & Touche LLP with
over 32 years of experience in all aspects of public accounting and
business consulting.
Jordan M. Darrow Founder and President of Darrow Associates,
Long Island's leading investor relations (IR) agency.
Sal Gervasi Heads the New York City region for Insperity, a
leading professional employee organization, and is an accomplished
business leader who has helped small businesses succeed for over 25
years.
Ken Greene Founder of Jericho Capital, which invests in public
and private healthcare, Internet and B2B software companies, Mr.
Greene also is a mentor at Launch Pad Long Island, a business
accelerator, and LI Tech Comets, a start-up and tech incubator.
Michael Lane With significant executive management and
entrepreneurial experience, Mr. Lane's career spans nearly 30 years
in financial services.
George Likourezos Partner at Carter, DeLuca, Farrell &
Schmidt, LLP, one of the largest and most respected Intellectual
Property law firms in the New York metropolitan area, and one that
is nationally recognized for excellence.
Michael Violano Member of the Audit practice at Grassi &
Co., Mr. Violano focuses on accounting audits and reviews of both
public and private companies ranging from start-ups to Fortune 500
Companies in the domestic and international markets.
LICA
Sponsors
LICA acknowledges the following sponsors for supporting the
organization with financial and in-kind contributions:
Platinum Level Abrams, Fensterman, Fensterman, Eisman,
Formato, Ferrara & Wolf, LLP Carter, DeLuca, Farrell &
Schmidt, LLP Insperity Long Island Forum for Technology (LIFT)
Gold Level Citrin Cooperman Deloitte LLP Executive
Strategies Group MarketWired Ruskin Moscou Faltischek, P.C. Grassi
& Co. Suffolk County IDA
About the 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 http://www.licapital.org.
Contact: Jordan Darrow Darrow Associates, Inc. (631) 367-1866
Email Contact
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