For Release: March 24, 2005
Contact: Karen Goldner, (260) 469-4411

Food Science Technology First Investment of Regional Fund

Fort Wayne, IN - Imagineer Fund, LLC, a Northeast Indiana equity fund that invests in technology development, announced today that it was placing an investment in Gentec, Inc., of Fort Wayne.

Gentec, Inc., seeks to enter the high end residential oven market utilizing a novel and patented vacuum cooking technology.   The company is owned by Gene Tippmann.

"We are impressed by both the current and potential future applications of Gentec's vacuum technology," said Donald R. Willis of the Imagineer Fund.   "The opportunities in food science are great and we are pleased to be able to support this business."

"Vacuum cooking is the first significant change in cooking technology since the microwave," said Gene Tippmann.   "The possibilities for both residential use and in other areas such as food processing are enormous.   I appreciate the confidence that the Fund has shown in this technology."

"The Imagineer Fund demonstrates what a group of local businesspeople can do when we band together to make an impact in our region's economic development," Willis said.   "We look forward to working with more entrepreneurs and more ideas in the coming months."

Imagineer Fund, LLC, was formed in 2004 with the goal of supporting entrepreneurs in Northeast Indiana who are developing new technology.   The fund is comprised of 28 private investors.   It is managed by adVenture Management, LLC, a subsidiary of FourthWave, LLC.  

For additional information, please contact Karen Goldner, FourthWave, LLC, at (260) 469-4411 or refer to the company's website at www.adventurefund.net .