National Angel Organization Updates Name; Reflecting the New Strength of Canadian Angel Investing

    HALIFAX, Oct. 17 /CNW/ - As of today, The National Angel Organization
(NAO) will be known as the National Angel Capital Organization (NACO).
    The new name is intended to better fulfill NAO's mandate as Canada's
voice of Angel investors, by clarifying Angels' increasingly vital role as the
window for our capital markets upon Canada's commercialization eco-system.
    "This change reflects the recent development of Angel investing into an
entirely new class of capital in Canada - which is increasingly organized,
formalized and effective," said Dan Mothersill, President of the NAO. "Angels
here invest twice as much as venture capitalists, and create added value by
providing mentorship and connectivity to new companies. We want these facts
better known as we make our case for the further development of Canada's Angel
investor community."

    About Angel Investors

    Angel investors are individuals who invest their own money in start-up
companies, often providing business expertise that contributes to the success
of young companies. Because Angel investors typically invest at an earlier
stage of growth and provide more business guidance than venture capital
providers, Angel investors are essential players in generating high growth
companies essential to regional economic development and Canada's economic

    About the National Angel Organization

    The NAO ( is the Canadian voice of Angel investors
dedicated to promoting best practices and advocacy for Angel investors. The
NAO provides Angel investors with a secure environment to network and learn
from their peers, as well as the opportunity to be heard collectively on
national issues.

    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at
    Additional archived images are also available on the CNW Photo Archive
    website at Images are free to accredited
    members of the media/

For further information:

For further information: Media Contact: W. Daniel Mothersill, NAO
President, (416) 581-0009,

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National Angel Capital Organization

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