Keynote Speaker: David Hershberg, Chairman and Chief Executive Officer of STS Global Inc., to discuss his Success Stories from Building and Monetizing Technology Companies, including Globecomm Systems Inc., on Long Island for More Than 50 Years 

Melville, NY – October 8, 2015 – The Long Island Capital Alliance (“LICA”), Long Island’s leading non-profit capital formation and business development organization, today announced the presenting companies and investor panelists for its Technology Capital Forum to be held on Friday, October 23, 2015. The capital forum will feature presentations by companies which have connections to the Long Island region and are building business around technologies used for communications, social media, education and productivity applications.  

At the forum, to be held on Friday, October 23, 2015, five technology companies will present to an audience that will include venture capital firms, investment banks, private equity firms, angel and high net worth investors.  Each of the companies selected by LICA for presentation at the capital forum possesses unique intellectual properties with catalysts for growth based on highly leverageable business models.  A panel of technology investment professionals will be on hand to review the presentations and offer their insights on the commercial viability and prospects for market success. 

Technology Capital Forum on October 23, 2015 -- Participants 

Keynote Speaker

Mr. David Hershberg is the founder, Chief Executive Officer and Chairman of the Board of STS Global Inc., a communications systems design and engineering firm with expertise in satellite earth stations and network design, broadcast engineering, IP-based network engineering and network management located at the Center of Excellence in Wireless and Information Technologies at Stony Brook University.  Prior to starting STS, Mr. Hershberg sold Globecomm Systems Inc., a Nasdaq-listed company which he founded in 1994 and of which he was CEO for 19 years, for $340 million to a private equity firm in December 2013. Previously, he was CEO of Satellite Transmission Systems, a company he founded in 1976 that was sold for $120 Million when he left in 1994. Both companies employed over 400 people.

Panel of Investors

The following investment professionals will participate in the investor panel at the Technology Capital Forum:

Mark Elenowitz: Mr. Elenowitz is the CEO of TriPoint Global Equities, LLC and BANQ®, a leading electronic broker-dealer. He integrates a successful entrepreneurial background with extensive financial services and capital markets experience to advise clients on financings and acquisitions.  Mr. Elenowitz is also Managing Director of TriPoint Capital Advisors, LLC.  He is the recipient of several entrepreneurial awards and has been profiled in BusinessWeek and on CNBC. 

Evan Greenberg:  Mr. Greenberg is the founder and lead portfolio manager at LegendCap Funds LLC.  He advises public and private firms on growth strategy, financing, and investor communications, helping them develop into larger, more successful firms. In addition, he has many years of experience advising companies on leveraged recapitalizations and management-led buyouts.  A Long Islander his entire life, Mr. Greenberg began his professional career on Wall Street as a financial advisor.  Following a tenure of substantial returns for his clients, he founded a small-cap oriented hedge fund to manage client assets on a discretionary basis.  After selling the fund, he started LegendCap to both advise early stage companies and manage a fund that invests in public and private companies operating in growth sectors of the economy.  

Tim Foster:  Mr. Foster currently focuses on the metro New York market for LLR Partners, a firm that manages capital for and invests in private companies.  He sources and evaluates new investment opportunities for LLR and potential acquisitions for portfolio companies.  Prior to LLR, he worked for KPMG, where he was a Business Development Director responsible for building relationships with investors, business owners and service providers in the Mid-Atlantic and Northeast. With a B.S from University of Pennsylvania, he previously served as Business Development Manager for Edison Ventures.

Technology Companies to be Presented

Centrallo:   Has developed a cross-platform productivity app that helps people be better organized and in control of personal and business information.  The company’s initial app has been launched in more than 100 countries to enable users to store, organize, retrieve and share information.

Code DX®: Based in Northport, NY, provides a software tool that consolidates and normalizes software vulnerabilities detected by multiple code analysis tools. Its visual analytics help to triage and prioritize software vulnerabilities for efficient remediation. It was designed and developed to address the security needs of software developers, security analysts, security auditors and CISOs.

URBNEYE:  Based in New York, NY, is a mobile application that delivers real-time visual access that allows users to gauge the scene, ambiance and demographic of public locations directly from mobile devices.

POEM Technology, LLC:  Based in Huntington, NY, provides wireless sensor technology for use by commercial and consumer through integration with IoT (Internet of things) devices and installations.  The company’s name is derived from the sensors manufactured which are Points Of Entry Monitors that leverage Internet access to streamline operations and increase efficiency.

Buncee LLC:  Based in Calverton, NY, provides fun and easy to use web-based tools for creation and presentation of digital and multimedia content that helps students and educators across the world create and learn, both within and outside of the classroom.

LICA is hosting the Technology Capital Forum on Friday, October 23, 2015 from 8:00 a.m. to 11:00 a.m. at 68 South Service Road, Melville, NY, 11747.  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 emerging technologies. 

About 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.  

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