Philosopher's Stone Ventures Announces Partnership with
SBC Communications, Inc.
October 6, 2001, Redondo Beach, CA - Philosopher's Stone
Ventures is proud to announce the recent partnership with
SBC Communications Inc.
SBC Communications is a leader in worldwide telecommunications
specializing in various services and products, including
the research and development of telecommunications technology;
voice and data telephone services; local and long-distance
wireless communications; high-speed Internet access and
data transport; networking; e-business; voice mail; and
directory advising. SBC offers their expertise in the telecommunication
field through their trusted brands -- SouthwesternBell,
Ameritech, Nevada Bell, Sterling Commerce and Pacific Bell.
"We are very excited to be affiliated with a company
that offers their services to more that 87.3 million subscribers,"
voiced Jenny M. Sakhrani, CFO of Philosopher's Stone Ventures.
"The telecommunications field is a fast growing field
and having the benefits of partnering up with the leading
global telecom company would highly benefit our company,
as well as our portfolio companies."
Philosopher's Stone Ventures is a technology incubator
located in southern California focusing on technology as
the key factor to making their investors', entrepreneurs'
and clients' businesses succeed. As a partner of SBC Communications,
Philosopher's Stone Ventures will benefit from having ties
to the largest global telecommunications company and use
them to assist in the growth of their incubated companies.
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.
