PRESS ARCHIVE

NextStage Signs Wireless Software Client, Ethidium Health Systems, to Roster of Young Technology Ventures

Collegeville, PA – March 17, 2004 – Today, NextStage Advisors announced the addition of a new client – Ethidium Health Systems. Located in Huntington Valley, PA, Ethidium has developed an electronic medical record system targeted to small-to-medium-sized physician practices. Ethidium’s electronic medical record system is a pervasive, low-cost solution that gives clinicians access to their patient charts from anywhere, at any time, on any device (e.g., desktops, tablets, laptops, PDAs and smart phones).

According to Dan McKinney, co-founder and managing partner at NextStage, “We discovered during our due diligence on Ethidium that, despite being in a crowded market, the firm has a sustainable competitive advantage and compelling go-to-market strategy that will allow it to be a leader in multiple market niches. We are impressed with the progress Ethidium’s small team has made with limited resources.”

Ethidium engaged NextStage in early 2004 to assist with the development of competitive strategies, creation of a high-value advisory board, refinement of financial models, and development of sales channel and customer acquisition strategies. NextStage is also working with Ethidium to develop a sound financing strategy.

Matias Klein, president and CTO of Ethidium, says, “NextStage is making a real impact on our business. The NextStage team has become our trusted advisor whose interests are clearly aligned with ours.”

About NextStage Advisors
NextStage Advisors is a business advisory firm that helps early- and growth-stage companies increase their probability for funding. Services are offered as part of a three-stage process: Business Model Assessment, Growth Roadmap Development and Investment Preparation. The keys to NextStage’s success are four-fold. First, the NextStage team has experience as both VCs and entrepreneurs, placing more than $300M in venture capital. Second, NextStage provides its clients with real, objective counsel and tools to help them grow. Third, NextStage’s team is backed by a proven methodology that focuses on fundamental business improvements that have meaning to potential investors. Fourth, NextStage is connected. They have a valuable network of professionals that are ready to invest in companies with good products, services and management teams. For more information, please visit the NextStage web site at www.nextstageadvisors.com.