AngelSociety to Serve the Information, Communication and Transactional Needs of the Early-Stage Investing Market

AngelSociety today announced the launch of the first multi-platform resource for the burgeoning angel investing community and early-stage growth companies. Through print, on-line and face-to-face mediums, AngelSociety's mission is to be the leading provider of information, communication and transactional services that will enable and enhance angel investing.

The company's investors include The New York City Investment Fund, Columbia Business School's Eugene Lang Fund, and more than 40 angel investors and angel networks across the country.

Angel investors -- high net-worth individuals who are active in private equity investing -- currently number over three million in the U.S. alone. This figure is expected to quadruple in the next decade.

Angel funds are often the only source of capital for entrepreneurs, however, the angel investing marketplace is diverse, informal and fragmented. AngelSociety will provide an efficient hub with comprehensive information, services, and networking opportunities for angel investors and early-stage companies.

Through an integrated media approach, AngelSociety will foster better informed angel investing, improve access to capital for entrepreneurs, provide relevant business advice, and accelerate growth of start-up companies.

  The core components of AngelSociety's community offerings include:

  * Angel Advisor, a bi-monthly magazine (to premiere December 2000) from
    Bloomberg that will cover major issues and themes facing the angel
    investor today.  Written by experienced financial and high-tech
    reporters,  Angel Advisor will provide the reader with ideas and
    strategies for success in this dynamic market.

  * AngelSociety Forum, which will launch December 12-14, 2000 at the Javits
    Center in New York. This major angel investing event will be co-located
    with eBusiness Conference and Expo.  eBusiness is owned by CMP Media
    Inc., a strategic partner of AngelSociety.  This event will provide a
    rich face-to-face networking environment for angel investors, venture
    capitalists, early-stage companies and related service providers.
    AngelSociety Forum will allow serious investors to interact with
    exceptional new ventures through formal business plan presentations,
    exhibit booths, private one-on-one meetings and after-hour networking
    events.  A focused conference program will address early-stage financing
    issues and trends.

  * angelsociety.com, which will offer a transactional user interface and
    will facilitate on-line communication between angel investors, angel
    networks and their portfolio companies.  This vertically integrated hub
    for angel investors and early-stage companies will provide direct access
    to the first nationwide pool of value-added angel capital, as well as
    preferred rates on useful products and services, and proprietary
    communication tools.

AngelSociety was founded by Scott P. Peters, Chief Executive Officer, and Andrew R. Moore, President. They are joined on the company's senior management team by Joachim P. Rosler, Chief Operating Officer. Mr. Peters has extensive hands-on experience in the conference and controlled circulation magazine business. He was a Managing Director of The Jordan, Edmiston Group, a boutique investment bank serving the media market. He began his career at Veronis, Suhler & Associates where he was responsible for business development and research. Mr. Moore was a media and telecommunications banker with The Bank of New York, Bank of Montreal, and The Chase Manhattan Bank. He has financed the start-up and growth of numerous media companies and worked closely with entrepreneurs on capital raising and mergers and acquisitions. Mr. Rosler comes from Scientific American, Inc., where he served as Chief Executive Officer and Group Publisher.

AngelSociety recently welcomed Nigel Harrison to its Board of Directors. Mr. Harrison is the former Chief Finance Officer of Thomson Corp and an active angel investor.

For more information visit http://www.angelsociety.com/ or call Scott Peters at 212-248-5580, x110.

SOURCE: AngelSociety

Contact: Annie Scully of AngelSociety, 201-828-5904,
annie@praxismktg.com

Website: http://www.angelsociety.com/