Young Entrepreneurs Awarded for Use of Cutting Edge Technology
St. John's NL - April 12, 2005
The Canadian Youth Business Foundation (CYBF), Canada's leading organization dedicated to the success of young entrepreneurs, is pleased to announce the 2005 Newfoundland Best Business award recipient - Cathexis Innovations Inc. from St. John's Newfoundland.
Launched in March 2001 with assistance from CYBF, Young Entrepreneurs Mark Gillingham, Steve Taylor, Colin Power and Mark Simms opened with four employees. They have now grown to a staff of 19 employees and have sold their products to customers in over 15 countries.
Cathexis Innovations Inc. is an award winning global provider of RFID (Radio Frequency Identification) technology, based in Atlantic Canada with offices in St. John's, Calgary and Dallas Texas. Cathexis specializes in providing RFID enablement to virtually any organizations products, services and processes via complimentary hardware, software and service offerings. A partner centric approach to the RFID market allows Cathexis to avail of high-volume, high-growth marketing and distribution channels without the need to create them. Cathexis' products and services allow for a company with even nominal technical resources to adopt a cutting-edge technology and achieve competitive advantage, while securing full support, a definitive ROI and an unbeatable time to market.
"In the very early stages of developing our business the CYBF provided us with the essential elements that enabled Cathexis to grow and prosper, comments Gillingham. In addition we were provided with a business mentor, guidance for developing our business plan and, links to very valuable contacts and resources within the business community."
Ten provincial award recipients will vie for the national Best Business award, which carries a cash prize of $20,000. The announcement will be made live at the annual CYBF Young Entrepreneur Awards Gala on May 24, 2005 at the Westin Harbour Castle hotel in Toronto.
"For the first time CYBF is showcasing ten provincial Best Business recipients - presenting the true diversity of youth entrepreneurship across Canada, comments CYBF CEO Vivian Woytiuk. As a national organization with our offer available coast-to-coast, it is important for CYBF to acknowledge these businesses and to provide an opportunity for Canadians to see the talent this country can produce with the right focus. We are supporting the next generation of business leaders by helping youth help themselves."
About Canadian Youth Business Foundation (CYBF)
A nationally registered charity, CYBF has a network of 50 sites across Canada reaching 860 local communities. Through CYBF's three core programs of seed financing, mentoring and online learning resources over 1300 young entrepreneurs have successfully launched their business - creating 6600 jobs, generating $135 million in gross sales and producing over $30 million in tax revenue.
The Canadian Youth Business Foundation is a nationally registered charity founded in 1996 by Royal Bank and CIBC to fill a gap of services to young entrepreneurs. CYBF's unique core programs are mentorship and seed financing aimed at entrepreneurial youth who have a great business idea but cannot access funding or mentorship through traditional means.
For More Information:
Jaime Hurlbut
Communication Coodinator
Canadian Youth Business Foundation
1.866.646.2922 ext 2301
jhurlbut@cybf.ca
www.cybf.ca
Mark Gillingham
VP Sales & Marketing
Cathexis Innovations Inc.
709.754.7343
mark@cathexis.com
www.cathexis.com
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Rapport annuel
Téléchargez notre Rapport annuel 2005