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Ventures West Entrepreneur in Residence Program Provides Climate for Seasoned Entrepreneurs to Find New Opportunities - Barry Guld Joins Ventures West as Entrepreneur in Residence

Barry Guld Joins Ventures West as Entrepreneur in Residence

March 22, 2001 – Vancouver, B.C. - Ventures West today announced that Barry Guld has joined Ventures West as an Entrepreneur In Residence (EIR). The EIR program at Ventures West is an ongoing initiative designed to provide experienced entrepreneurs with a base of operations while they seek their next entrepreneurial adventure - which may be a new company that the EIR forms or a Ventures West investee company, which the EIR joins. Mr. Guld will be based in the Vancouver office, where he will focus on investment opportunities in the information technology sector.

Mr. Guld’s career started at IBM and in 1980 he co-founded Zadall Systems, developer of pharmacy management software. Mr. Guld grew Zadall into one of the leading companies in this field with a staff of 200 and over 10,000 customers across North America. Zadall was sold to National Data Corporation (NDC) in 1994 and Mr. Guld continued with NDC, in various capacities, until 2000. In addition, Mr.Guld is one of the founders of Voyus, a Ventures West investee company, and has worked with several other early stage technology companies.

"Participants in the EIR program gain a broad view of our investment operations, deal flow and network," says Robin Louis, president, Ventures West. "At the same time, Ventures West will have access to experienced entrepreneurs who we hope will form new companies to take advantage of emerging market opportunities. We expect that the combination of the entrepreneurs’ experience and interests combined with the resources, financial backing, and Ventures West’s network will allow new ventures to be quickly launched and grown."

Ventures West will tailor the program to the needs and interests of each EIR. Each EIR is provided with an office, administrative support and IT infrastructure at a Ventures West office in Vancouver, Toronto or Ottawa. Ventures West also pays a salary to the EIR.

About Ventures West

Ventures West is a private, professional, venture capital management group managing over $400 million in risk capital. Established in 1968, Ventures West is one of Canada’s preeminent technology organizations investing in young technology companies across Canada from offices in Vancouver, Toronto and Ottawa. Ventures West’s investment focus is on companies in the biotechnology, information technology, telecommunications and energy technology sectors. Examples of portfolio companies include: Angiotech Pharmaceuticals Inc., Burntsand Inc., Caprion Pharmaceuticals Inc., FloNetwork Inc., Novatel Wireless Inc., Pivotal Corp., Quest Air Technologies Inc., and Zenastra Photonics Inc. For further information visit www.ventureswest.com.

For more information contact:

Nandi Ewing
Ventures West
(416) 861-2286
email

Andrew Bowins
Maverick Public Relations
(416) 640-5523
email





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