PatientImpact Awarded $70,000 Bob Geras Grant at 2008 Midwest Venture Summit

PatientImpact Awarded $70,000 Bob Geras Grant at 2008 Midwest Venture Summit

March 25, 2008

CHICAGO - “ Uber-angel investor Bob Geras handed an effusive Patricia Riskind - “ president and CEO of PatientImpact - “ a check for $70,000 during the sold-out 2008 Midwest Venture Summit (MVS) in Chicago. Geras regaled the crowd with his wit and wisdom peppered with George Carlin and John Lennon quotes before announcing the name of the company he had selected from among the 24 early stage presentations.

PatientImpact captures customer feedback for the health care industry with a proprietary, Web-based survey and analytic systems. Geras reviewed all 24 business plans prior to the event and chose the winner on key investment criteria including differentiated product, market opportunity and management team. Geras chose the award sum to celebrate his 70th birthday by - œgiving back to a community that has given him so much- .

- œI'm thrilled to be recognized by the Midwest Venture Summit and Bob Geras like this. The $70,000 is just what our company needs to accelerate our sales and marketing initiative,-  Riskind said.

- œPatientImpact is the kind of company that can really put this money to use. Patricia had bootstrapped it for five years with her own cash. This is a situation where even a modest infusion of cash can really take her to the next level. She represents the best type of Chicago entrepreneurial spirit,-  said LaSalle Investments CEO Bob Geras.

- œWe were very lucky to have worked with Patty. PatientImpact addresses a critical, underserved need in the health care market that organizations are willing to pay to solve,-  said Don Jenkins, managing director of Technology Ventures, who was the MVS volunteer coach and helped prep Riskind's presentation.

- œThis is an incredible event with a lot of energy and inspiration in the room,-  said Scott Lazar, CEO of Eagle Brands, which was one of the many companies that presented during the Series A stage presentation rounds conducted on the second day of the event on March 18.

The Midwest Venture Summit is the premier venture capital event for entrepreneurs and investors in the 13-state greater Midwest area. Prior-year MVS presenting companies have received more than $222 million in VC funding to date.