PremiumCHAT Joins the IBM Incubator Program
March 15, 2001, Huntington Beach, CA - PremiumCHAT, a portfolio
company of Philosopher's Stone Ventures, recently joined
the IBM Incubator Program. The program focuses on partnering
with start-ups to offer customized products, services and
solutions.
PremiumCHAT offers the business service community revolutionary
real-time, monetized instant messaging. As part of its development
efforts, Philosopher's Stone Ventures helped PremiumCHAT
partner with IBM to obtain enterprise-level software and
hardware for its initial product release.
"IBM's Incubator Program is ideal for companies like
PremiumCHAT," noted Jenny M. Sakhrani, CFO of Philosopher's
Stone Ventures. "They have a revolutionary product,
and IBM has world class hardware and software that can support
any new idea in the marketplace."
"Partnering with IBM really gives a start-up a credible
endorsement," continued Ms. Sakhrani. "We are
extremely pleased with the opportunities and benefits of
this program."
The program provides products and services that are tailored
for start-ups, including special licensing agreements, software
and hardware, and hosting services, as well as education
and certification opportunities.
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.
