Oak Ridge Office
1020 Commerce Park Dr.
Oak Ridge, TN 37830
Tel. 865.220.1716

London Office
P.O. Box 1738
362 Old Whitley Road
London, KY 40743-1738
Tel. 606.864.5175

In This Issue:
L. Ray Moncrief
Fund Manager

Grady Vanderhoofven

Fund Manager

Brenda McDaniel


Melissa Muendel, PhD

Director of Operational Assistance

Melissa Conn


Chris Miller


Cindy Bowles

Accounting & Reporting Manager
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Portfolio Company, Zipit Wireless, Partners with Verizon Wireless 

February 2011— Verizon Wireless and Zipit Wireless, a pioneer in next generation connected platform solutions, today introduced the Zipit® Enterprise Critical Messaging Solution™, a two-way paging system available exclusively from Verizon Wireless.
"A key difference between existing pager technologies and the Zipit pager replacement system is the Zipit Remote Administration Portal, which provides users with detailed insight into the status of messages and ease of system management of the Zipit Now™ devices," said Michael P. Ross, vice president of sales, healthcare for Verizon Wireless.

Portfolio Company, Aldis, Saves City Time and Hundreds of Thousands of Dollars

January 2011 - The City of Sevierville, Tennessee, known as the Gateway to the Great Smoky National Park, is an area boasting more than 13 million visitors annually. With those visitors came maintenance, road widening, and traffic issues for the City that traditional technology was unable to handle. 

Meritus portfolio company, Aldis,  a leader in next generation vehicle detection and traffic management systems, installed its revolutionary GridSmart product. The City of Sevierville  saw immediate results.  


 Fund Manager, Ray Moncrief, Featured in Economic & Business News Magazine

The February 2011 issue of The Lane Report, a business and economic news magazine published by Lane Communications Group, profiled Meritus Ventures Fund Manager, Ray Moncrief,  and his thirty-two year history of entrepreneurship and venture capital investing.  


Venture Capitalists and CEOs Predict Economic and Industry Improvement

December 2010— A survey by the National Venture Capital Association (NVCA) and Dow Jones Venture View found renewed optimism in U. S. investments and information technology. 
"An anticipated rise in venture investment and improvement in the national economy are closely linked," said Jessica Canning, Global Research Director of Dow Jones Venture Source. "Venture investment is meant to be spent -- on employees, technology, office space, and other expenses -- which means it reverberates throughout the economy."
About Meritus Ventures, L.P.

Meritus Ventures, L.P. is currently the only Rural Business Investment Company (RBIC) in the United States.  The $36.5M venture capital fund invests to realize attractive returns for the fund's investors while creating wealth and jobs in rural areas of central and southern Appalachia and Arkansas.  In addition to providing equity investment, the fund may provide operational assistance to its portfolio companies.

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