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| UT Teams Excel |
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In the spring of 2004, the MOOT CORP Program
financed our five finalists going to five different
competitions hosted by the following:
1. Carnegie Mellon University
2. University of San Francisco
3. Rice University
4. San Diego State University
5. University of Oregon.
The results were truly spectacular:
- uShip was a finalist at San Diego State University
and placed second. When the winning team from the
University of Michigan determined that its venture was
not viable, uShip qualified for the Global MOOT CORP
Competition. uShip, LLC enables shippers to save 50%
or more by using excess cargo capacity on our nation's
highways. uShip's patent-pending route deviation
search technology matches shipments with available
drivers, including movers, couriers, and individuals.
- LoDrag was a finalist at the University of San
Francisco International Business Plan Competition and
placed third. LoDrag is a revolutionary technology that
reduces the viscous drag on submerged surfaces such
as ship hulls. With LoDrag, ships go faster on less fuel.
- Chipotle Business Group was a finalist at Rice
University. The Chipotle Business Group will
commercialize, market, innovate and extend upon
unique electronic chemical sensor technology for
wastewater
developed at The University of Texas at Austin.
Click Here to read more »
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| Pontoon Fund Investments Grow |
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The MOOT CORP Pontoon Fund has now invested in
four ventures and two are pending.
o Halsa Pharmaceuticals has had an IP issue
that seems to be on a solution path. Halsa's technology
for fat loss continues to be very promising and exciting.
Once the IP issues are resolved, Gray Cary does not
anticipate difficulty in raising $5 million.
o Legend Sports is both out of cash and also
has a patent problem with a Taiwanese company. The
UT patent predates the Taiwanese application and
Legend should prevail. If Legend does prevail, it will be
in a strong position to negotiate a license with the
Taiwanese firm. However, Legend will not be able to
raise additional funds nor license its technology until
the patent position is resolved.
o Private Concepts began testing at The
University of Texas Medical Branch in Galveston this
month. If all goes well, the Pevlon could receive FDA
approval in early 2005. Then Private Concepts will have
three good options: 1) license the product to a major
company, 2) sell the company, or 3) raise equity
funding and market the device.
To Read More, Click Here »
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| MOOT CORP Opens the NASDAQ |
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The NASDAQ Stock Market will honor the MOOT CORP
Competition on Friday, Aug. 6, by inviting Gary
Cadenhead to open the market that day. This year's
Global Competition winner, EANeedle, will also be
recognized. We are thrilled to receive this honor and
recognition. We invite you to view the ceremony on the
web or on television.
On the web: You may watch the ceremony in its
entirety on the web beginning at around
9:20 a.m. EST on NASDAQ's web cam at:
http://www.nasdaq.com/reference/marketsite_about.st
m
Web cam is at the bottom of the page, and switches
from a live feed of the
MarketSite tower around 9:20 a.m.
On television: You may also tune in to any of the
following networks around 9:28 a.m. EST:
CNBC, Bloomberg, CNNfn.
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| Gary Cadenhead Joins Schlotzsky's Board |
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The Sarbanes Oxley Bill passed in 2002 recommended
that all publicly traded companies have on their boards
an independent director who qualifies as a financial
expert. Gary Cadenhead was elected in May to fill that
position for Schlotzsky's.
Soon thereafter, it became clear that Schlotzsky's was
going through a financial crisis and part of the solution
involved removing management and changing the
Chairman of the Board. The Chairman at that time lived
in Holland and the Board felt that a Chair in Austin was
important and Gary was elected.
The Board also selected an interim CEO, Sam Coates.
Sam is handling the day to day operations. Gary will
continue to direct the MOOT CORP Program and be a
lecturer at The University of Texas at Austin.
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