CORRECTING and REPLACING Tech Coast Angels Hosts Second Annual Los Angeles Fast Pitch Competition on January 22

LOS ANGELES--(BUSINESS WIRE)--Fourth graph, last sentence should read: xxx and Demian Sellfors, CEO and founder of privately-held (mt) Media Temple. (sted xxx and Damian Sellfors, CEO and founder of privately-held Media Temple.)

“Last year’s event drew more than 450 attendees and was a huge success. We expect this year’s event to be even better.”

The corrected release reads:

TECH COAST ANGELS HOSTS SECOND ANNUAL LOS ANGELES FAST PITCH COMPETITION ON JANUARY 22

Event Features Pitches by 12 Promising Start-Up Companies, CEO Panel on Successful Exits, Catered Networking Reception

Tech Coast Angels (TCA), the largest angel investment group in the United States and the leading source of first-time funding to Southern California companies, today announced its second annual Los Angeles Fast Pitch Competition, which will be held on January 22 from 4–9 p.m. at the UCLA Anderson School of Management. The competition, held in conjunction with Los Angeles County Technology Week, will feature CEOs from 12 of the most promising start-up companies in Southern California, each of whom will be given one minute to present their company’s “elevator pitch.” In addition, the evening will include a one-hour panel discussion featuring several Southern California-based CEOs who have led their companies to successful acquisitions, and a catered networking reception where attendees can meet and mingle with entrepreneurs, Tech Coast Angel members, venture capitalists and other technology industry executives and mentors.

Presenting companies will have 60 seconds to give their pitches to a panel of judges, which will include TCA members, venture capitalists and other Southern California technology leaders. Judges will evaluate and score each company based on the funding opportunity and presentation quality, and will then be given time to ask presenting entrepreneurs questions and provide comments. Three overall winners will be selected for Best Funding Opportunity, Best Presentation Quality, and Best of the Best. Winners of this year’s competition will be invited to present at a regularly scheduled Tech Coast Angels screening session that will also be attended by the competition’s judges, Pasadena Angels and TCA venture capital affiliates. The deadline for companies to apply to present is January 13.

“The second annual TCA Los Angeles Fast Pitch event is a must-attend event for anyone involved in the Southern California early-stage technology industry,” said Richard Morganstern, president of TCA’s Los Angeles network. “Last year’s event drew more than 450 attendees and was a huge success. We expect this year’s event to be even better.”

The evening’s keynote panel discussion will feature several CEOs who have led their companies to successful acquisitions and will be moderated by Scott Jarus, CEO of Cognition Technologies, former CEO of j2 Global (eFax) and E&Y’s 2005 Entrepreneur of the Year for Media, Entertainment and Communications. Panel members will include Mike Coffin, president and founder of LowerMyBills.com, which was acquired by Experian in 2005; Mike Jones, founder and CEO of Userplane, which was acquired by AOL in 2006; Kamran Pourzanjani, president and co-founder of PriceGrabber, which was acquired by Experian in 2005; and Demian Sellfors, CEO and founder of privately-held (mt) Media Temple.

The event will offer several opportunities to mingle and network with attendees, presenters and judges: registration and networking will take place from 4–5 p.m., a catered reception will be held from 6–7 p.m., and post-competition dessert and coffee will be served from 8:30–9 p.m.

To register to attend, apply to present your company or for more information, please visit www.pitchtheangels.com. The price to attend the event is $45 for general admission, if registered online by January 20, and $20 for students with valid .edu email addresses. Registration at the door, provided there is space available, will be $55 for general admission and $35 for students.

About Tech Coast Angels

Tech Coast Angels, www.techcoastangels.com, the largest angel investor network in the United States, provides funding and guidance to the most early-stage, high-growth companies in Southern California. Since its inception in 1997, TCA members have focused on building valuable companies, personally invested $80M in 124 companies and helped portfolio companies attract $778M in additional capital, mostly from venture capital firms. TCA offers companies much more than capital. Members also mentor and coach entrepreneurs, help recruit additional management, and provide access to institutional investors and strategic partners. TCA has more than 270 members in its four networks in Los Angeles, Orange County, San Diego and Westlake/Santa Barbara.