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29 Companies to Present at 3rd Annual SmartStart Venture Forum

Troy, NY - September 8, 2003 - The Empire State Venture Group, Inc. today announced that 29 companies have been selected to present at the 3rd Annual SmartStart Venture Forum®, to be held on October 1 and 2, 2003, at the Desmond Hotel and Conference Center in Albany NY. "This years' Venture Forum will feature technology companies from six states Connecticut, Maryland, Massachusetts, New Jersey, New York and Pennsylvania," said Prof. Frederick A. Provorny, Director of the Science and Technology Law Center at Albany Law School and President of Empire State Venture Group, Inc. "We have seen tremendous interest from companies across the country. Our pool of candidates came from a broad geographical area this year, and they represent a wide variety of industries and technologies," explained Provorny.

More than 350 individuals including approximately 100 investors attended the 2nd annual SmartStart Venture Forum that was held October 2 and 3, 2002, with 28 companies making 8-minute presentations to the venture community. "Previous SmartStart Venture Forum presenters have had tremendous success in finding funding," said Bob Buckley, event coordinator. " Over 36% of our presenting companies from the first two events have received funding as a result of their participation and they received more than $26 million," Buckley said.

On Wednesday evening Oct 1st, from 5:00 - 6:30 p.m., a special invitation-only panel discussion for investors will be held featuring Mark Heesen, President, National Venture Capital Association; Dr. Walter Plosila, Vice President, Technology Partnership Practice, Battelle Memorial Institute; Peter Robinson, COO, University of Rochester Medical Center; and Betsy Weitzman, Vice President & COO - Advanced Technology, International SEMATECH. William Frezza, General Partner, Adams Capital Management, Inc. will be the moderator for this investor-only roundtable discussion. A reception will follow the investor roundtable in the presenting companies exhibit room.

The 3rd annual SmartStart Venture Forum will be held at the Desmond Hotel and Conference Center in Albany on October 1 and 2, 2003. Event hours are Wed. Oct. 1, from 5:00 - 9:00 pm and Thurs. Oct 2, from 7:30 am - 5:00 pm. The event-opening speaker is Robert H. Samson, Vice President System Sales, IBM Systems Group. The keynote speaker is Honorable Alan G. Hevesi, Comptroller, State of New York. For more information, contact Robert Buckley at 518-283-8890 or visit the Website at www.smartstartvf.com.

Contact:
Robert Buckley, Coordinator
Empire State Venture Group, Inc.
385 Jordan Road
Troy, NY 12180
518-283-8890 x304
bob@smartstartvf.com



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