Philosopher's Stone Welcomed into IBM NetGeneration
Incubator Program
June 1, 2001, Redondo Beach, CA - Philosopher's Stone announced
that it has joined forces with IBM as part of its Incubator
Program. The IBM NetGeneration Incubator Series focuses
on partnering with leading incubators to offer customized
products, services and solutions to Internet business developers
and startups.
"This program is designed to provide us with all of
the hardware, software, education and hosting tools we need
to launch our portfolio companies' into the marketplace,"
noted Jenny M. Sakhrani, CFO of Philosopher's Stone and
champion of the partnership. "Since we have been working
with IBM, we've gotten access to opportunities and solutions
that can really benefit our portfolio companies' efforts."
The program provides products and services that are tailored
for incubators, including special licensing agreements,
software and hardware, and hosting services, as well as
education and certification opportunities.
Philosopher's Stone joined the program along with companies
such as Accenture and SoftBank.
For additional information, contact:
Brenda Harris
Philosopher's Stone Ventures
Telephone: (310) 316-3100
Fax: (310) 316-9500
media@philstone.com
http://www.philstone.com
The Philosopher's Stone is a mythical substance that can
transform lead into gold, and produce the Elixir of Life
that makes the drinker immortal. Philosopher's Stone Ventures,
as a technology incubator, has similar transformative powers:
turning the innovative ideas of our entrepreneurs into successful,
groundbreaking, money-making businesses.
