Money Buzz 7/01
Available help if you're having trouble closing a financial deal, repeal pending for Depression-era bank law and investing in the bond market
By C.J. Prince •
Opinions expressed by Entrepreneur contributors are their own.
In Need Of CPR? Despitea tough market, untimely demise isn't the only possible fatefor sound companies facing financial trouble. To avoid a suddenend, they can find resuscitative help in the "EmergencyRoom," a service recently launched by NVST Inc., a firm thatprovides research data, deal-making assistance and technology toprivate equity players and helps investors and entrepreneurs hookup via an online network.
The "E.R." was born as a response to requests fromentrepreneurs who were having trouble closing financial deals, saysNVST President and COO Samantha Wilkinson. Entrepreneurs-and onlyowners of established, revenue-producing companies need apply-canregister for free at the NVST site, where they can explain theircrises and why their companies are worth saving. NVST then matchesthem with investors who've reviewed the information and want inon the deal. "Many are viable companies," she says of theE.R. patients. "They have a good shot with a little help. Sowe said, 'Let's try to save as many as we can.'"
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