Newspaper article THE JOURNAL RECORD

Wide Variety of Companies Presented at Venture Group

Newspaper article THE JOURNAL RECORD

Wide Variety of Companies Presented at Venture Group

Article excerpt

A wide variety companies were presented during the July meeting of the Oklahoma Venture Investment Corp., ranging from publishing to broadcasting to manufacturing and food, according to Venture Exchange, the venture firm's newsletter.

Oklahoma Venture Investment is a non-profit organization which meets monthly to bring entrepreneurs together with venture and private investors. The next meeting is scheduled for 6:30 p.m., Aug. 5 at the Sportsman's Club.

Here is a roundup of the five-minute presentations during the July meeting:

- Intechnica Leaning Systems Inc., presented by Paul B. Edmonds as chief executive officer, provides computer-assisted learning and instruction. Edmonds demonstrated a personal computer basd interactive digital voice language training program. The firm was seeking $875,000 to complete and market a program for English as a second language.

- Wire Tool Industries Inc., presented by R.L. Wheeler, demonstrated a wire stripper tool which Wheeler said is patented by the Boeing Co. Wheeler said he owns manufacturing and marketing rights to the tool, which is used to strip the outer insulation from a group of twisted wires, each separately insulated. He was seeking sub-franchisees for marketing and capital for manufacturing.

- The Auto Guides, presented by Keith Thomas and Garry White, demonstrated a device for rapidly chilling canned beverages. The patent is pending, they said. Using specific gases, the device can cool about 12 cans on one replaceable canister of gas at a repalcement cost of 88 cents. They were seeking up to $500,000 for production, marketing and working capital plus expertise in design and management.

- RMS, presented by Stephen Rhymer, is a management consultant firm representing a Tulsa group seeking $400,000 in equity capital to purchase Bristow radio station KREQ-FM. …

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