Melville, NY - March 18, 2013 - The Long Island Capital Alliance ("LICA"), the leading non-profit capital formation and business development organization serving regional companies, today announced the successful completion of its Health Care Capital Forum held on March 8, 2013.  The capital forum, held in collaboration with The Center for Advanced Sensor Technologies at Stony Brook University, showcased six companies selected by LICA from a wide selection of developing medical technology, life sciences and health care information technology companies on Long Island and the nearby region. 

A panel of health care investors also participated in the event.  The panel provided insights on presenting companies' business plans and investment potential, as well as a review of the current investment climate for health care companies.

Neil Kaufman, chairman of LICA, stated that, "Despite a heavy snow storm, we are pleased to have had strong participation with over 50 attendees at our Health Care Capital Forum.  This demonstrates the increasing role of LICA as a pivotal player in capital formation leading to economic development in the region.  We are very excited to build on this momentum, as we plan our next event in partnership with Cold Spring Harbor Laboratory, one of the nation's leading research facilities for molecular biology and genetics, that focuses on the bio/pharma sector of the health care industry."

"Even with the weather impact, we made a couple of good contacts. At events like this it is not about the number of people who attend but the quality and mutual fit of the participants.  The event was very well done," said David Crane, Chief Executive Officer of Mobile Health One, a presenting company at the event.

"The Capital Forum was a terrific event and provided a really unique opportunity for emerging companies to interact with investors and advisors in an open forum," said Rusty Ray, a panelist at the event and a New York-based health care investment banker at 11T Partners.

Health Care Capital Forum Industry Experts

The following industry investors participated in the panel discussion at the Capital Forum:

• Larry Chaityn, Managing Director and Head of Global Health Care Banking at Kaminski Partners, a global investment bank. 
• Rusty Ray, partner with 11T Partners, a health care-focused investment bank.
• Paul Smolevitz, Managing Director and founding partner of TM Capital Corp.

Health Care Capital Forum Presenting Companies

The following companies presented their business plans at the Capital Forum:

Mobile Health One

Mobile Health One, Inc. develops mobile, on-demand HIPAA-compliant systems that unify healthcare professionals within and between organizations by simplifying communications to accelerate, consolidate, and control information sharing.

Adhere Tech

AdhereTech has created patented smart pill bottles that increase medication adherence. These bottles measure the exact number of pills or liquid in the bottle in real-time, wirelessly send this HIPAA-compliant data into the cloud, and remind patients to take their medication via phone call or text.   

First Wave Technologies

First Wave Technologies Inc. is a medical device facilitation business, with two initial products, the First Crush automated pill crusher in order to make them digestible due to the high demand by the growing population of senior citizens; and a respiratory device conversion and amplification technology that turns a ventilator into the equivalent of a $150,000 anesthesia machine.

Raland Therapeutics

Raland Therapeutics, Inc. has developed diagnostic and therapeutic devices that use implantable biosensors to provide real time, in-vivo monitoring of biological signaling and cellular responses while minimizing animal handling, labor requirements, cell culture/pathologic processing and capital costs.

Venus Pharmaceuticals International

Venus Pharmaceuticals International, Inc., a well-established pharmaceuticals manufacturer, has developed a proprietary photo-bioreactor technology to grow, harvest, and dry/extract micro-algae indoors, contaminant free. 

Cytosorbents

CytoSorbents Corporation is a critical care-focused therapeutics company using blood purification filters to control excessive, potentially deadly inflammation that could otherwise cause the failure of vital organs. 

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.

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Contact:

Jordan Darrow
Darrow Associates, Inc.
(631) 367-1866
jdarrow@darrowir.com