WellDog, Inc., a Laramie, WY energy technology company, receives most promising company award at the energy industry's primary venture capital and new technology conference.
December 9, 2004 (Press Release) --
FOR IMMEDIATE RELEASE
WellDog, Inc.
December 9, 2004
WELLDOG VOTED ONE OF FIVE MOST PROMISING COMPANIES AT ENERGY VENTURE FAIR
Laramie, WY, December 9, 2004 - WellDog, Inc., an energy technology company, was voted one of the five most promising companies at the Energy Venture Fair held November 10-11, 2004 in San Jose, California.
Now in its fifth year as the energy industry's primary venture capital and new technology conference, Energy Venture Fair
(http://www.energyventurefair.com) handpicks 75 "best emerging companies with the most promising technology," said Amy Shachory of Infocast, the event's producer. After presentations by the featured companies, attendees vote for the most promising five. The Energy Venture Fair provides a forum for energy technology, product and service companies to meet potential investors, including venture capitalists, corporate and angel investors, utilities and investment banks.
"We are obviously excited to win this award," said Wayne Greenberg, CEO of WellDog. "We have participated in three previous Energy Venture Fairs and feel it is a great way to show our continued progress each year. We believe that this award, along with the successful launch of our first commercial service earlier this year, shows our viability and value to the energy industry."
WellDog launched its first commercial service in August 2004. The service,
WellDog(r) Ranking Service, uses proprietary technology to measure methane saturation in coalbed methane wells. This revolutionary service allows developers to know within a matter of hours which wells will produce natural gas with the least production of water.
WellDog has won several other awards, including being named earlier this year to the Red Herring 100, a list of the top high growth technology companies in the world (http://www.redherring.com/rh100). WellDog has been featured in venture capital and entrepreneurship events around the country over the past three years.
WellDog is also achieving success in the funding arena, and is in the process of closing an additional round from Park City, Utah-based Prospector Equity Capital, LP, bringing Prospector's total investment to $2 Million during 2004.
About WellDog, Inc.
Founded in 1999, WellDog, Inc. develops chemical sensing technologies for natural gas exploration and production. WellDog(r) services give coalbed natural gas developers the information they need to determine which wells will deliver the most natural gas in the shortest amount of time, accelerating gas production and reducing the amount of water produced.
These services support an industry, coalbed natural gas, which is identified as the fastest growing sector of natural gas production in the U.S. For more information regarding WellDog, Inc., visit http://www.welldog.biz.
CONTACT INFORMATION:
Alexis A. Lee
WellDog, Inc.
303-543-8929
http://www.welldog.biz
WellDog, Inc.
December 9, 2004
WELLDOG VOTED ONE OF FIVE MOST PROMISING COMPANIES AT ENERGY VENTURE FAIR
Laramie, WY, December 9, 2004 - WellDog, Inc., an energy technology company, was voted one of the five most promising companies at the Energy Venture Fair held November 10-11, 2004 in San Jose, California.
Now in its fifth year as the energy industry's primary venture capital and new technology conference, Energy Venture Fair
(http://www.energyventurefair.com) handpicks 75 "best emerging companies with the most promising technology," said Amy Shachory of Infocast, the event's producer. After presentations by the featured companies, attendees vote for the most promising five. The Energy Venture Fair provides a forum for energy technology, product and service companies to meet potential investors, including venture capitalists, corporate and angel investors, utilities and investment banks.
"We are obviously excited to win this award," said Wayne Greenberg, CEO of WellDog. "We have participated in three previous Energy Venture Fairs and feel it is a great way to show our continued progress each year. We believe that this award, along with the successful launch of our first commercial service earlier this year, shows our viability and value to the energy industry."
WellDog launched its first commercial service in August 2004. The service,
WellDog(r) Ranking Service, uses proprietary technology to measure methane saturation in coalbed methane wells. This revolutionary service allows developers to know within a matter of hours which wells will produce natural gas with the least production of water.
WellDog has won several other awards, including being named earlier this year to the Red Herring 100, a list of the top high growth technology companies in the world (http://www.redherring.com/rh100). WellDog has been featured in venture capital and entrepreneurship events around the country over the past three years.
WellDog is also achieving success in the funding arena, and is in the process of closing an additional round from Park City, Utah-based Prospector Equity Capital, LP, bringing Prospector's total investment to $2 Million during 2004.
About WellDog, Inc.
Founded in 1999, WellDog, Inc. develops chemical sensing technologies for natural gas exploration and production. WellDog(r) services give coalbed natural gas developers the information they need to determine which wells will deliver the most natural gas in the shortest amount of time, accelerating gas production and reducing the amount of water produced.
These services support an industry, coalbed natural gas, which is identified as the fastest growing sector of natural gas production in the U.S. For more information regarding WellDog, Inc., visit http://www.welldog.biz.
CONTACT INFORMATION:
Alexis A. Lee
WellDog, Inc.
303-543-8929
http://www.welldog.biz
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