PCDA TO HOLD FIRST ANNUAL BUSINESS MEETING - TUESDAY, SEPT. 25TH.

September 20, 2001 - The Putnam County Development Authority will hold its first annual business meeting on Tuesday, September 25, 2001 from 5:00 p.m. until 6:30 p.m. at Sleepy Hollow Golf Club. Guest speaker for the event will be Mr. Lynn Gellermann, President and COO , Adena Ventures. Adena Ventures is one of the nation’s first New Markets Venture Capital Companies. Mr. Gellermann was one of the fund’s leading principals involved with the formation and capitalization of Adena Ventures. He is a partner and member of the investment committee for Adena Ventures, which makes equity investments in small businesses whose principal operations are located in central Appalachia.

For the past two years, Mr. Gellermann has provided consulting services in the areas of entrepreneurship, technology, economic development and venture capital to Wilhelm & Conlon Public Strategies, Inc. and Ohio University’s Voinovich Center for Leadership and Public Affairs.

Prior to that, Mr. Gellermann worked in the banking industry for fifteen years. He also worked for the U.S. Treasury’s Office of the Comptroller of the Currency where he evaluated capital adequacy, asset quality, management, earnings and liquidity for national banks of all sizes.

Mr. Gellermann is a graduate of Hastings College (BA) and the University of Colorado (MBA). He has also attended the Venture Capital Institute at Emory University and the SBIC Seminar in Washington, DC. He is a member of the Columbus Venture Network, the Access Appalachia Steering Committee and recently served on the national board of directors for the Association for Enterprise Opportunity.

The Volunteer of the Year and Community Development awards will also be presented during the first annual business meeting. Gary Walton, PCDA’s Executive Director will “highlight some of the activities of the authority during the 2000-2001 program year to better acquaint our members and supporters.” “We hope this will be the first of many annual programs that will give the area a better idea of who we are and what we do,” Walton concluded.

For further information, please contact Gary Walton, CED, at 304-757-0318