Point Bearing Voted “Best in Show” at Business Network Chicago VC May meeting

May 6, 2010 - PRLog -- Chicago, IL, May 6, 2010 — Point Bearing Corporation, an identity authentication technology company, was voted “Best in Show” by the Venture Capital (VC) Group of Business Network Chicago (BNC) at the May 4, 2010 meeting. Point Bearing’s proven software ensures that people can access only the information that they are authorized to see.
Point Bearing’s Trusted Exchange Controller (TEC), provides a biometric “lock and key” that limits access to data based on sponsor-defined business rules. TEC was substantially reduces the risk of data breaches that have occurred approximately 350 million times since 2005 (at an annual cost approaching $15 billion).
BNC’s Venture Capital Group is led by David Carman and Len Bland. Mr. Carman has more than 25 years experience in trading and finance. Len Bland is a Capital Matchmaker™ and Chairman of Concept Equity Group. Each month the Group invites three to four companies to present their business strategies and plans. Each company is given 10 minutes to pitch its case, followed by a 15 minutes question and answer period. Each company is asked to answer specific questions about their product/service offerings, the strength of its management team, use of financing being sought, and how investors will receive return on their investments.  At the end of each meeting attendees are asked to select the company that they would most like to invest in.

# # #

Point Bearing develops software that creates a trusted environment to securely conduct business over the internet. Our technology ensures that persons attempting to obtain access been permission to perform the actions that they are attempting.

Business Network Chicago (BNC) is a network for professionals offering extensive face-to-face and online networking opportunities to the Chicago business community. Its mission is to bring professionals together, facilitate the development of mutually beneficial "win-win" relationships, educate, and promote the growth of business in Chicago. The BNC Venture Capital Group was formed to introduce exciting investment opportunities to angels and early stage venture capitalists and foster the growth of entrepreneurial activity.