First Edition of the Tremblant Venture Forum: an Inspirational Success

Eastern Canada's premier company financing event brought together leading
    venture capitalists from Canada and the United States and the most
    innovative Canadian early-stage companies with high growth potentialMONTREAL, May 26 /CNW Telbec/ - The first edition of the Tremblant
Venture Forum, held on May 13 and 14, 2009 at the Fairmont Tremblant Hotel,
was highly successful. Eastern Canada's premier company financing event
provided a forum for leading North American venture capitalists representing a
total of over C$10 billion, including BDC Venture Capital, Desjardins Venture
Capital, Solidarity Fund QFL, Arcapita Ventures, Internet Capital Group,
Entrepia Ventures, Emerald Technology Ventures, J.L. Allbright Ventures and
BlackBerry Partners Fund, to assess investment opportunities in the most
promising Canadian early-stage innovative technology companies. For the event,
16 entrepreneurs from the Information and Communication Technology (ICT)
sector and the Clean Technology (Cleantech) sector presented their business
plans to secure C$2 million to C$15 million of financing for their development
and marketing operations. Three of them won a $5,000 award presented by Samson
Bélair/Deloitte & Touche, the platinum sponsor of the event.

    Experienced speakers and high-quality projects guarantee success

    "In today's uncertain economic climate, we must rely on innovation and
know-how. The timing was therefore right for our event, which achieved its
objective of setting the stage for financing opportunities," stated Claude
Lemay, Chairman of the Tremblant Venture Forum 2009. "We were really
privileged for this first edition. Investors were impressed with the quality
of the investment projects, and by the experience and diversity of our
speakers, moderators and panelists. Participants' enthusiastic response
reinforces our decision to hold the event again in 2010." Renowned guest
speakers completed the picture: Jean-François Barsoum, Managing Consultant and
Innovation Catalyst, Green Technologies, IBM Canada; John S. Quealy, Managing
Director, Equity Research Sector Head, Sustainability, Canaccord Adams, as
well as explorer and motivational speaker Bernard Voyer.

    Award-winning promising and innovative projects

    The three award-winning entrepreneurs were: Hassan Chaddad, President and
CEO of Green Vision Media (Best company in the ICT sector for its suite of
mobile applications integrated into hotel rooms); Elise Villeneuve, COO of
Bio-Terre Systems Inc. (Best company in the Cleantech sector for its
technology to transform waste into energy); and Jeremy James, President and
CEO of Frontline Robotics Inc. (Special jury award for its robotic engine
allowing unmanned ground vehicle fleets to execute self-directing security
applications).
    Tremblant Venture Forum 2009 was made possible by its partners: Banff
Venture Forum, the Centre de recherche informatique de Montréal (CRIM), the
Canada's Venture Capital & Private Equity Association (CVCA), Réseau Capital
(Quebec Venture Capital Association), Ottawa Centre for Research and
Innovation (OCRI) and Communitech (Waterloo).

    2010 edition

    The second edition of the Tremblant Venture Forum has already been
announced for next year, and will be held on May 5 and 6, 2010 at the Fairmont
Tremblant Hotel. More than twice as many companies are expected to present
their business plan.

    About the Tremblant Venture Forum 2009

    The Tremblant Venture Forum is Eastern Canada's premier company financing
event. It is organized by the Information Technology Association of Canada
(ITAC). It brings together leading North American venture capitalists, over 15
of the most promising Canadian early-stage and growth-stage companies in the
Information and Communication Technology and Clean Technology sectors,
prominent investment professionals, CEOs and entrepreneurs. The Tremblant
Venture Forum was held on May 13 and 14, 2009 at the Fairmont Tremblant Hotel.
To learn more about the event, please visit www.tremblantventureforum.com.

    About ITAC

    The Information Technology Association of Canada (ITAC) is the voice of
the Canadian information and communications technologies (ICT) industry. ITAC
represents a diverse ICT community spanning telecommunications and internet
services, ICT consulting services, hardware, microelectronics, software and
electronic content. ITAC's community of companies accounts for more than 70
per cent of the 572,000 jobs, $140.5 billion in revenue, $6.0 billion in R&D
investment, $31.4 billion in exports and $11.4 billion in capital expenditures
that the ICT industry contributes annually to the Canadian economy. ITAC is a
prominent advocate for the expansion of Canada's innovative capacity and for
stronger productivity across all sectors through the strategic use of
technology.www.itac.ca.



For further information: Jean-Marc Simard, Simard Hamel Communications,
(514) 287-9811, extension 15, j.m.simard@shc.ca