u go russ!! good deal!
~~
Stephenie
-----Original Message-----
From: Russel Madere [mailto:[EMAIL PROTECTED]]
Sent: Thursday, June 07, 2001 5:49 PM
To: CF-Community
Subject: I want to crow now!
Well, since Gel got to crow a little about his press, I'm going to toot the
turbo Squid horn.
Here is a press we released yesterday about our first round of funding. Now
we just need to get some author putting up some web scripts so we have a
reason to add that media type..... hint hint ;)
Russel
============================================================
TURBO SQUID CLOSES $5.1 MILLION IN FINANCING FROM ADVANTAGE CAPITAL, EASTMAN
KODAK COMPANY AND INTEL CAPITAL
New Funds to Help Drive Market Expansion
NEW ORLEANS, LA (June 6th, 2001) � Turbo Squid Corporation, the world�s
online digital marketplace, today announced the completion of its first
round of funding led by Advantage Capital Partners. Additional participants
include Eastman Kodak Company and Intel Capital. The amount of the
investment was $5.1 million. Other terms were not disclosed.
This round of funding will enable Turbo Squid to advance product engineering
of its digital marketplace software, which aggregates and offers ready to
use, rich media content to digital content creators. The funding will also
be used to enhance Turbo Squid�s sales and marketing efforts and support
their strategic partnership initiatives.
Turbo Squid�s online digital marketplace, which will initially focus on 3D
assets and content, allows users to post, price and track the sales of their
own assets, creating a digital repository exponentially larger than anything
previously available.
"Turbo Squid is poised to become a key participant in the Web 3D
'ecosystem', providing affordable 3D assets to potentially thousands of Web
3D developers," said Roger Chandler, Business Development Manager, Intel
Architecture Labs. "Turbo Squid is a great fit with Intel and Macromedia's
joint Shockwave 3D effort."
"Advantage Capital is proud to fund and support the expansion plans of this
exciting company," said Damon Rawie of Advantage Capital Partners. "Turbo
Squid is well positioned to capitalize on the growing demand for 3D in
entertainment, business and on the web and the need for digital assets that
this demand will create."
"Securing this round of funding in today's climate is a remarkable testament
to our business and the future of 3D in general," said David Avgikos,
President and CEO of Turbo Squid. "With this investment, Turbo Squid is in
an ideal position to capitalize on the growing market for digital assets.
These resources will help us to become an industry wide enabler for 3D
technologies in use in film, games and the web."
"3D imaging represents an important growth opportunity for the imaging
industry, and Turbo Squid is providing an infrastructure to spur greater use
of 3D images," said Greg Gresock, Manager, Online Services, Kodak
Professional. " "Turbo Squid�s digital marketplace for 3D images will
provide Kodak�s customers � professional photographers and graphic artists �
another way to access content for their artistic creations. It represents
another commercial and creative opportunity driven by the convergence of
images and information technology."
About Advantage Capital
Advantage Capital Partners http://www.advantagecap.com, a multi-stage
venture capital firm founded in 1992, has offices in New Orleans, St. Louis,
New York, and Tampa. It makes investments in emerging and rapidly
developing companies in various industries, including media, Internet,
communications, telecommunications, information processing, computer
sciences, healthcare and life sciences. Advantage Capital, with investments
in more than 35 companies, has raised more than $450 million in
institutional venture capital partnerships.
Eastman Kodak Company and infoimaging
Eastman Kodak Company is the world�s leader in helping people and businesses
take, share and store pictures�traditional or digital. Kodak�s sales last
year of nearly $14 billion were divided between consumer and commercial
products and services, such as professional and consumer digital cameras,
laser imagers for radiologists, photographic films for professionals and
amateurs, digital services for cinematographers, high-speed document
scanners and aerial images. Kodak is a leading participant in infoimaging, a
$225 billion industry created by the convergence of images and information
technology. Infoimaging unites three closely related imaging markets --
devices, infrastructure and services / media � that enable people to more
easily use images as a fast and effective way to share pictures as
information, entertainment or memories. Turbo Squid�s marketplace for 3D
images will help build out the infrastructure and services markets within
infoimaging. For information about Kodak Professional, customers may call:
1-800-235-6325, or visit our web site at: www.kodak.com/go/professional.
About Intel Capital
Intel Capital, Intel Corporation's strategic investment program, focuses on
making equity investments and acquisitions to grow the Internet economy,
including Internet infrastructure, content and services in support of
Intel's strategic interests. For more information, visit
www.intel.com/capital.
About Turbo Squid
Founded in January 2000, Turbo Squid is dedicated to the management and
distribution of digital assets and content. The company�s first software
release creates a global market for digital assets by allowing individual
and corporate users to list and sell their content to users around the
world. Turbo Squid is a privately held company based in New Orleans,
Louisiana. More information can be found at the company�s web site
www.turbosquid.com.
Kodak and Kodak Professional are trademarks of Eastman Kodak Company.
============================================================
Russel Madere, Jr. Senior Web Developer
ICQ: 5446158 http://www.TurboSquid.com
Some days you eat the bear; some days the bear eats you.
============================================================
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