FOR IMMEDIATE RELEASE:
August 26, 2004
Moore County, NC
NEW LOCAL WEBSITE CREATED FOR ANGELS AND ENTREPRENEURS
Angel investors and Moore County entrepreneurs now have a simple and accessible tool to help bring them together: the enhanced Angels for Moore website, www.angelsformoore.org.
Angels for Moore is a local angel investor network led by Frank Burrell, Jr., a retired First Union executive, and Dean Rich, retired partner of Robbins, May & Rich, LLP. Currently the group has over 30 members and is open to accredited investors interested in the development and success of Moore County's entrepreneurs and small businesses.
Entrepreneurial and small business activity is increasing in Moore County, due to the desirable lifestyle here. Statistics suggest that 70% of new jobs over the next ten years will be created by entrepreneurs, but many of these ventures need additional funding in order to move forward and develop. Dean Rich explained, "Our group is the liaison that brings investors and entrepreneurs together, and the new website at www.angelsformoore.org will expedite the way Angels for Moore disseminates project information to its Angels."
Entrepreneurs submit their business plans to Angels for Moore, and the executive summaries from these plans are then posted to the website. Each Angel has a unique user ID and password that they use to access this secure area of the site where they can view confidential project information. The decision to invest in a project is completely at the discretion of each Angel.
P.O. Box 5885
Pinehurst, North Carolina 28374-5885
Phone (910) 246-0311 Fax (910) 246-0312
angels@angelsformoore.org www.angelsformoore.org
To date, the executive summaries of six (6) business ventures are on the new site. As new projects are submitted to Angels for Moore, the Angels will receive notification to access the website to see the new details.
"The new website just enhances Angels for Moore's ability to keep our Angels up-to-date about current and new project activity. It may also potentially help new businesses more quickly acquire the capital they need to grow and succeed," Frank Burrell said. "It is a significant resource in helping Moore County continue to attract these kinds of economic development opportunities."
Angels for Moore has planned a meeting on September 15, 2004, to allow its current group of entrepreneurs to present their respective projects firsthand to the Angels. "An executive summary can spark interest in a project, but it doesn't tell the whole story. We want the Angels to be fully informed about these projects so that ultimately, Moore County doesn't lose any potential future investment and new jobs," Rich said.
Visit www.angelsformoore.org for more information about Angels for Moore.
Contacts:
Dean Rich or Frank Burrell, Angels for Moore 910-246-0311
Ray Ogden, Moore County Partners in Progress 910-246-0311
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