Deal round-up: Ben bucks; Viet Rohm; Virtua builds
by Joseph N. DiStefano, Posted: May 27, 2008
Ben Franklin Technology Partners, the taxpayer-backed Pennsylvania start-up financier, spreads $2.3 million to sell wrinkle cream, water heating, online ads and other small business plans: Bret J. Dunlap's Advanced Mobile Solutions Worldwide Inc., Wayne, which sells mobile-phone ad software to newspapers, $250,000. Shimin Luo's American Hometec Inc., which designs tankless water heating systems, $100,000. Luo has promised to move the company to Pennsylvania. ColdLight Solutions LLC, Fort Washington, which offers data-oriented market research, $250,000. Kevin Casey's Collages.net Inc., Langhorne, a Web site developer, $150,000., bringing total Ben and related support to $500,000. Keith A. Greathouse (ex-Dermik Labs)'s DermAdvance Pharmaceuticals Inc., Berwyn, anti-wrinkle cream, $500,000. Chris Conway's Healthy Humans LLC, Wayne, which is setting up a Web site for sick people "to live healthy and well," $150,000. Dan Roitman's Internet Order LLC, Philadelphia, which direct-markets Pimsleur language courses, $200,000. Paul Mellon Jr.'s Novetas (formerly New Age Blast Media, part of stud-welder New Age Fastening Systems Inc.), which recyles glass for use in sand-blasting, is moving to Pennsylvania to collect $300,000. Susan Ng's and Peter Ringer's Real-Time Tomography, LLC, Villanova, breast cancer imaging, $150,000. Chris Stanchak's TicketLeap LLC, online event ticket sales, $250,000. Other deals today: Rohm & Haas adds a Vietnam plant to its global operations. Inquirer story here. Virtua starts work on its $32 million Washington Township (Gloucester) facility. Inquirer story here.
Posted: May 27, 2008 - 10:47 AM
Joseph N. DiStefano
The Inquirer Business Weekly Newsletter
Business news and analysis sent straight to your inbox every Tuesday morning.