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Elixir Bio-Tech Inc. Elected One of Top 50 Emerging Companies by 100 Venture Capital Funds & Angel Investors
Date:2/2/2011

LAS CRUCES, N.M., Feb. 2, 2011 /PRNewswire/ -- Elixir Bio-Tech Inc. (EBT), a New Mexico Algae Biotech company, has been named one of the top fifty winners of the FundingPost's 7th annual "Pitching Across America™" competition.

EBT is launching its Algae Biomass Feedstock project in Luna County, NM to demonstrate accelerated approaches in producing multi-purpose feedstock with ground-breaking Proprietary and Patent Pending Technology for Open and Closed Algae Biomass Systems. EBT's experienced Algae engineering, production, and marketing team, is establishing strategic partners.

FundingPost (www.FundingPost.com), a company that has been Introducing entrepreneurs to investors for almost 5 years, established the "Pitching Across America, (PAA)" the largest Venture Capital competition ever organized, in which Venture Funds and Investors served as judges voting on 300 business summaries from emerging companies nationwide. PAA was sponsored by WolfBlock (www.wolfblock.com) and PRNewswire (www.prnewswire.com)  

Emerging companies were evaluated on a scale of 1 to 10. Judging criteria consisted of key points: the professionalism of the written summary, current stage of development, competitive advantage, need in the marketplace, feasibility for success, and whether the company is "VentureWorthy(TM)."

"We're very pleased to have been chosen for recognition from such an impressive list of companies throughout the U.S.," said Richard Warren, CEO of Elixir Bio-Tech Inc., a "Grass Roots" company: www.elixline.com. "FundingPost has given us an opportunity to reach an excellent selection of visionary investors. While our customer base continues to grow, in the Algae Nutraceutical markets, the right funding partner(s) can accelerate the establishment of the company's production fac
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SOURCE Elixir Bio-Tech Inc.
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