Huntsville Angel Network

The Huntsville Angel Network is a group of individuals and companies that have joined together to make the angel investing process work better in the Huntsville, Alabama area.

The Huntsville Angel Network, or HAN, serves as a forum where angel investors can come together to reach out to technology, manufacturing, and services based businesses seeking capital. The HAN helps them prepare their investment case, perform due diligence, make individual investment decisions, and participates in monitoring of investments through the group. The HAN also serves as a single place where companies seeking capital can go to be exposed to the most active investors in the area, thus increasing efficiency of capital access for them. The HAN’s goal is to make the angel investing process more efficient for investors and capital-seeking businesses, and to make it work better overall for growing the community’s economic base.

HAN Announces First Investment
(HUNTSVILLE, AL: May 3, 2006) The Huntsville Angel Network announced today the completion of its first angel investment, a $400,000 round of expansion capital for Monte Sano Pharmaceuticals, Inc.

"This first investment by the Huntsville Angel Network represents a major milestone for capital formation in the Huntsville area." said Dick Reeves, Chairman and Executive Director of the group. "Organization of the Huntsville Angel Network means raising capital for new and developing businesses will be much less time consuming for entrepreneurs and investors alike."

"We are proud that the Huntsville Angel Network chose to invest in Monte Sano Pharmaceuticals. The financing round will help us accelerate our growth into the regional pharmaceuticals marketing company that has been our dream for the past four years." commented Shaun Hess, Founder / President of Monte Sano Pharmaceuticals, Inc.

"The Huntsville Angel Network has over 40 members and 5 additional companies in the due diligence pipeline at this time," remarked Reeves. "The group is seeking both additional investor members and companies seeking capital," he added. Interested parties should contact the network at 256-704-6000 or director@huntsvilleangels.com.

Monte Sano Pharmaceuticals has developed a line of branded prescription drugs based on existing FDA-approved medicines reformulated to combine multiple drugs in a single dose. Monte Sano markets its products to physicians through its own sales force, and distributes its products to consumers through pharmacies. The company started up in early 2002, and has been a client of BizTech, Huntsville's technology-focused business incubator, since 2004.
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