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Magnolia Prime and ASTIA

Magnolia Prime Announces Acceptance Into Astia’s Elite Entrepreneur Program and Community

REDWOOD CITY, CA – February 1, 2010 – Magnolia Prime today announced its invitation to join Astia, the premier global network serving women-led high growth start-ups since 1999.  Magnolia Prime was one of 27 start-ups joining the elite community this past Fall.  One hundred and seventy-four companies have been invited to become Astia clients since 2003.  Unlike other conferences and programs for entrepreneurs, Astia clients are served by the network, program and resources throughout the growth of the company.  Invitations are extended only to those companies that pass Astia’s robust two-month screening and qualification process.  The invitation enables Magnolia Prime to participate in any program taking place in San Francisco, New York, London or India in 2010. 

“Astia is extremely pleased with the new class of entrepreneurs we have just invited to join,” commented Sharon Vosmek, CEO, Astia.  “We are confident in the opportunity that Magnolia Prime presents to the innovation economy and know that our work is to accelerate their pathway to success by providing them the opportunity to work with industry leaders and to create real connections with the investor community.  These companie have qualified via an extremely competitive screening process.  Each one has earned its place in Astia’s premier community.”

“We are honored to be accepted into Astia’s global community of entrepreneurs and to take part in such a prestigious program,” said Founder Karen Routt at Magnolia Prime.  “We are confident that Astia will not only provide us with the relationships and connections we need to accelerate our company’s growth, but its team of experts will provide us with the necessary business insight to come out on top as a market leader.”

Astia is a global network of over 700 experts whose goal is to ensure the success of women in high-growth start-ups, primarily in high tech, clean tech and life science sectors.  Astia provides unprecedented access to funding, markets and expertise resulting in an exceptional success rate for its clients.  Since 2003, more than 60 per cent of the companies who have presented at the Astia Investor Forums have achieved funding or an exit within one year.

About Magnolia Prime

Magnolia Prime developed the patent-pending Telebeneficiary™ Service, a scheduled voice messaging product, that helps home health care agencies improve productivity and quality and helps seniors remain independent.  For more information about Magnolia Prime LLC, please visit www.magnoliaprime.com.

About Astia

Astia is a unique, international, not-for-profit organization that provides access to a rich network and innovative programs that ensure companies gain access to capital, achieve and sustain high-growth and develop their executive leadership. Headquartered in San Francisco, Astia works to drive collaboration, energize the global discussion and create a roadmap for increasing women’s participation in high-growth entrepreneurship. For more information, visit: http://www.astia.org/.

Media Contact

Karen Routt                 

Magnolia Prime                 

(650) 472-3775                 

karen@magnoliaprime.com                 

www.magnoliaprime.com                 

Tuesday, February 2, 2010

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