Local Software Company Plays Ball for One Million Dollars. Liens not a problem!
My new friend, the Eastern Pennsylvania Business Journal reports that the old brother-in law company to Imirage, LLC, Mogistic is out and about meeting with Open Court asking for one million dollars or how to improve their business plan. The article and the Open Court website don’t jive, but maybe Mogistic was asking for a million dollars, not knowing the full details of the meeting.
Notably this line: “…add some endorsements from current customers about how it [Profit Suite/Contentivity] has benefited them.”
Kind of like these: DeSales University, Interactive Liquid, and East Penn Manufacturing.
I love this line: “Just as Ludlow finished his concluding statement, the buzzer sounded and shocked those who were calmly listening to him.”
As a newly out-of-college person that is all but familiar effect that professors can have on their students.
Open Court’s first contender came to game May 21 in Bethlehem’s old Victory Fire House. Three members of the Mogistic LLC team, a software company based at the TEK Park in Breinigville, engaged the home-team panel of four businessmen with their business strategy, plans for growth, and reasons for requesting $1 million.
In one of the renovated rooms of the former firehouse, Open Court’s home team were positioned between the baseline and the foul line as they listened to Mogistic’s team, located along the outside circle, pass the business plan presentation to one another. The panel consisted of Jeff Green, a principal with Compass Point Ltd.; Eric Arnson, managing partner in Originate Partners; Don Webster, CEO of Software Engineering Associates in Archbald, Pa.; and Mike Gausling, president of Originate Ventures, a venture captial investment firm. Mogistic’s team consisted of James Ludlow, the president of Mogistic; Lawrence Wolfe, a founder and managing director, and
(at a request – read the second image), director of sales and marketing.Kristine Porter. Read the scans for the rest of the article.
Open Court seems to a group made up of people who can offer companies guidance about their business plans in order to get into the business world successfully. They seem to run their meetings in a strange, basketball like format.
I don’t know what the rules are, but since the Eastern Pennsylvania Business Journal doesn’t post their articles on their site I’ll post scans here until I get an email asking me to remove them.
Now would the request for one million dollars have anything to do with the liens filed against Imirage, LLC and sister company Interactive Liquid?
All quotes come from Kristine Porter, Eastern Pennsylvania Business Journal, May 26, 2008, No. 21
June 1, 2008
Tags: imirage, lien, mogisticFiled under: Life — June 1st, 2008 - By Yillb Comments (0)
