Chad Brownstein Website Now Online

Finally, after days of much anticipation, the world can at last see the personal website of ITU Ventures Managing Partner Chad Brownstein. The website can be accessed using it's permanent web address at www.chadbrownstein.com

Be sure to visit the site and check out the links to various Chad Brownstein related articles. You can also connect and network with Chad through the various business networking services listed there.

There are also plans to expand the scope of this website soon.

ITU Ventures Hires Rick Franz

Another high-caliber executive was recently added to the management roster of ITU Ventures this July. Last July 11, ITU Ventures Managing Partner Chad Brownstein formally announced that Rick Franz, former Vice President of Technology and Planning for QLogic Corporation, has joined the company as Executive in Residence.

According to Chad Brownstein, Mr. Franz's extensive experience in the storage industry will afford ITU Ventures a unique insight into new and revolutionary investment opportunities. Mr. Franz will be focusing on identifying and pursuing opportunities in new media-storage technologies and solutions.

While at QLogic, Rick Franz was responsible for development and execution of corporate strategy, mergers and acquisitions, investor relations and industry research. It was also during his tenure at QLogic that the company's annual revenue grew from $68M in fiscal 1996 to $589M in fiscal 2007.

Mr. Franz graduated Magna Cum Laude from Saginaw Valley State University in Michigan and holds a Bachelors degree in Business Administration with majors in Economics and Computer Science.

The entire ITU Ventures family welcomes Rick Franz on board.

Chad Brownstein Soon To Launch Personal Website

ITU Ventures' Managing Partner Chad Brownstein will soon launch a small personal website under his personal domain name at chadbrownstein.com which he recently registered with a popular domain registration service.

Mr. Brownstein relates, "I was surfing the Web one lonely evening and came across this website that is suppose to let you know if your name is already registered as a dot com. I thought of typing my name in and as expected, nobody cared enough for my name to actually register it (laughs ...). So I did the next best thing and registered it myself."

"Nothing big, the website is just a few pages detailing my personal and professional profiles and displaying links to my favorite places online. Iam currently having it done and you can expect to see it live maybe next week," he adds.

Mr. Chad Brownstein is the first ITU Ventures Manager to put up a personal website dedicated to himself. Beat that Jonah Schnel, Les Bider, and Adam Shaw.

:)

ITU Ventures Holochip Launches Its First Product

Another ITU Ventures portfolio company reaches an important milestone.

Today, Holochip, a manufacturer of affordable, durable, and high-quality variable-focus lenses for the photonics market, unveiled its first product during the Conference on Lasers and Electro-Optics (CLEO) and the Quantum Electronics and Laser Science Conference (QELS) Technical Expositions held at the Baltimore Convention Center in Baltimore, Maryland.

http://www.cleoconference.org/

Holochip announced the launch of its Adaptive Polymer Lense (APL) HCX-1050 beta product, an adaptive singlet lens for optical research and engineering amidst the perfect backdrop of this preeminent industry event.

Jonah Schnel, Managing Partner for ITU Ventures, congratulated company founder and CEO Dr. Batchko and his team at Holochip for reaching this important milestone. The successful product launch is another vindication of the effectiveness of ITU Ventures' strategy of leveraging technology research and augmenting it with additional intellectual property licensed from various universities to fasttrack the commercialization of promising technologies.

Pictures from the said event can be found at the Holochip website:

http://www.holochip.com/holochip-news.htm

ITU Ventures to Target More Investments in Media Technology

ITU Ventures Managing Partner Chad Brownstein announced last Monday, May 14, 2007, the intention of the company to increase its investing activity and expand its business involvement in the Media Technology sector.

As industry insiders may know, ITU Ventures has been strategically strengthening its Management team in the past few months in preparation for this move. Last February, the company hired Mr. Leslie Bider, former Chairman and CEO of Warner Music, as Chief Strategist to bring in his wealth of experience, leadership expertise and first-hand knowledge of the music industry landscape.

Last month, ITU Ventures also brought into their Executive Team Mr. Adam Shaw, former Senior Vice President of distribution, sales and marketing for the NFL Network, to bring in the same experience, expertise and knowledge, only this time, of the television, cable and broadcast industry areas.

With both Mr. Bider and Mr. Shaw now on board, ITU Ventures plans to identify and pursue new opportunities in the Media and Communication business spaces. The company is eyeing to support development of new technologies key to music distribution and piracy protection in this environment and focus on value creation for the company's investors at the portfolio level.

The official press release can be found at the ITU Ventures Press Release Center:

ITU Ventures Set To Expand Media Technology Portfolio

Adam Shaw Joins ITU Ventures

ITU Ventures would like to welcome on board its newest Executive, Mr. Adam Shaw.

Mr. Shaw was recently hired to complement the company's roster of Executives in Residence. The announcement was formally released by ITU Ventures to the press today April 23, 2007.

Prior to joining ITU Ventures, Mr. Shaw was Senior Vice President of distribution, sales and marketing for the NFL Network. Due in part to Mr. Shaw's guidance, the NFL Network became the first ever media network to reach the 20-million subscriber mark during its first year of operation. And during his stint, he was part of the team that guided the company towards claiming a 40 million-strong subscriber base.

Mr. Shaw will be focusing on identifying and pursuing new investment opportunities in the Media and Communications areas now that he is part of ITU Ventures.

The full press release of this story can be found at ITU Ventures Press Release Center:

ITU Ventures Hires Adam Shaw

Comet Solutions Receives More Funds from ITU

Comet Solutions™, Inc., a leading provider of software that enables early simulation to drive innovative product development, announced that it has raised an additional $2 million in the final tranche of its Series A funding. Dan Meyer, president of Comet Solutions, stated , “We obtained this additional financing from our existing investors as a result of the company’s performance last year in achieving goals related to product delivery and customer acceptance.” Chad Brownstein, Managing Partner at ITU Ventures observed, “the Comet team has developed a leading PLM solution and we are very enthusiastic about their current prospects.”

Comet Solutions’ investor group includes Flywheel Ventures, Fort Washington Capital Partners Group, ITU Ventures, and New Mexico Angels, Inc. Flywheel, Fort Washington and ITU all have significant backing from the New Mexico State Investment Council’s regional private equity program. The program has helped New Mexico become one of the fastest-growing regions for technology entrepreneurship in the nation. “We are pleased that Comet continues to leverage the plentiful resources within the State of New Mexico to build a best-in-class product and management team” stated Jonah Schnel, Managing Partner at ITU Ventures.