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Northwest Technology Investor Network Established

September 27, 2002

A regional partnership of economic development organizations, led by the Department of Energy's Pacific Northwest National Laboratory (PNNL), announced the launch of the Northwest Technology Investor Network last week. The network is an online forum that links investors and entrepreneurs in the high-tech sector.

"Technology-based businesses and manufacturers from throughout the Northwest can post their business plans on the Web site, connecting them to a nationwide network of accredited investors. Investors have one-stop access to quality business plans in the high-tech sector," said Gary Spanner, manager of PNNL's Economic Development Office.

The network is hosted by LocalFund, a nationally recognized company that hosts investor networks throughout the U.S.

In addition to the efforts of PNNL, partners in making the network available to entrepreneurs and investors include the Tri-Cities Enterprise Center, the Tri-City Industrial Development Council, the CH2M HILL Technology Education Center, the Applied Process Engineering Laboratory, Washington State University Tri-Cities Business Links and the Spokane Intercollegiate Research and Technology Institute.

The network is free to accredited investors who register and is offered at a 25 percent discounted rate to high-tech and manufacturing entrepreneurs for a cost of $18.75 per month. Further discounted rates also are available for semi-annual and annual postings.

More information on the network is available from Mr. Spanner at gary.spanner@pnl.gov or by visiting http://www.techinvestnw.com.

Washington