1. Angel Investing - Value Added Capital with Jeffrey Carter

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    The December 15, 2014 presentation with Jeffrey Carter, West Loop Ventures and MRun.us, is hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable West Suburban alumni group at Illinois Institute of Technology DanAda Rice Campus Auditorium, 201 East Loop Road, Wheaton, Illinois. Future events and videos at – www.GSBER.ClubExpress.com Training, Presentations, Meetings at – Stella@IIT.edu Video by Stone Cliff Productions, Inc. – www.StoneCliffProductions.com Jeffrey Carter - www.HydeParkAngels.com/Members/2 The latest annual review from “BuiltInChicago” (www.BuiltInChicago.org) on the local start-up scene found promising conditions here, with $1 billion plus of total funding up by 169% contributed by more than 70 venture capital firms from around the U.S. This favorable environmental is to a good measure to the foresight and dedication of a group of Chicago Booth graduates who in 2006 formed Hyde Park Angel Network (HPA). Mr. Carter is currently and HPA director/officer and has been involved with HPA since its inception. He has both decades of successful financial futures trading/leadership at the Chicago Mercantile Exchange and substantial nationwide experience nurturing new enterprises. With inside insight on the process of early-stage investing, he will offer a potentially demystifying appraisal of the high-risk/high-return practice of turning concepts into game changing companies. In addition to starting Hyde Park Angels, Jeff is active with area entrepreneurship via One Design Company and The Coop. A former Chicago Mercantile Exchange member and on its Board of Directors, he helped orchestrate CME’s highly successful IPO. He comments extensively on markets via multiple electronic and print media outlets such as CNBC and Bloomberg and his blog site Points and Figures (http://PointsAndFigures.com) was named “most influential” by Minyanville (www.Minyanville.com/mvpremium/the-20-most-influential-blogs1/). He is a trustee of the National World War II Museum. Mr. Carter graduated from the University of Illinois College of Business and earned his MBA from Chicago Booth.

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    • Chicago Innovation Exchange with John Flavin

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      The November 17, 2014 presentation with John Flavin, Executive Director, Chicago Innovation Exchange, is hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable West Suburban alumni group at Illinois Institute of Technology DanAda Rice Campus Auditorium, 201 East Loop Road, Wheaton, Illinois. Future events and videos at – www.GSBER.ClubExpress.com Training, Presentations, Meetings at – Stella@IIT.edu Video by Stone Cliff Productions, Inc. – www.StoneCliffProductions.com While observers have noted an increasingly favorable buzz on the local new business scene, there is likely no surer indication conditions have definitively “arrived” than when our alma mater speaks. And with the recent launch of the Chicago Innovation Exchange (CIE), whose acronyms could as well stand for Collaboration-Incubation-Education, that day has truly arrived. CIE website: https://cie.uchicago.edu John Flavin, Executive Director, Chicago Innovation Exchange http://news.uchicago.edu/article/2013/10/11/entrepreneur-john-flavin-named-chicago-innovation-exchange-executive-director Mr. Flavin brings decades of success as a life sciences entrepreneur to his current role and will tell us the inside story of what is designed to be an archetypical partnership between town and gown. Its aim is to help launch 10 to 20 companies annually with facilities that can accommodate up to 350 people in full working mode. Join us to see if CIE is a match so that you might be one of them. Currently, John is also a managing director with Flavin Ventures LLC, and was previously director of Chicago Innovation Mentors, a technology commercialization program linking start-ups with larger corporations and academia/researchers. He led two successful IPOs and raised more than $200 million in private and public funding as a C-level executive for Advanced Life Sciences and Medi-Chem Life Sciences. John has two degrees in finance with his BS from Marquette University and his MBA from Lewis University.

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      • Keynote Address by David Twardock

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        “Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014. Sponsored by Latham & Watkins LLC, www.LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, www.DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, www.EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) Keynote Address by David Twardock (1982). David Twardock is Principal, DT Capital (Former President Prudential Mortgage Capital Company). Mr. Twardock has more than 30 years of experience in commercial real estate industry. Over the 15 years prior to his retirement in 2013, Mr. Twardock was the President of Prudential Mortgage Capital Company, LLC, the real estate finance affiliate of Prudential Financial, Inc., which had more than $70 billion in assets under management and administration. Under Mr. Twardock’s leadership PMCC became the first entity affiliated with a financial institution to offer a full range of commercial real estate debt products including General Account, Conduit, Fannie Mae, FHA and Freddie Mac loans. Since 1982, Mr. Twardock has held numerous positions relating to real estate equity and debt with Prudential, including his position from 1996 to 1998 as Senior Managing Director, which managed Prudential’s real estate equity holdings. Mr. Twardock is a member of the Urban Land Institute and the Economics Club of Chicago, and currently serves as Director of Boston Properties, one of the premier REITS in the U.S. David Twardock previously served as a Director of the Real Estate Roundtable and as Chairman of the Real Estate Roundtable Capital Markets Committee. He received a BS in Civil Engineering from the University of Illinois and an MBA in Finance and Behavioral Science from the University of Chicago.

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        • Capital Markets Panel with Bruce Cohen, Mike DeMarco, Tim Podboy, Eugene Gorab and David Helfand

          01:09:49

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          “Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014. Sponsored by Latham & Watkins LLC, www.LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, www.DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, www.EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) Capital Markets Panel moderated by Bruce R. Cohen (1989), CEO, Wrightwood Financial with discussions by Michael J. DeMarco (1987) Former Chief Investment Officer, Cantor (Fitzgerald) Commercial Real Estate; Tim Podboy, Vice President, Heitman; Eugene Gorab (1989), President and CEO, Greenfield Partners; and, David A. Helfand (1990), President and CEO, Commonwealth. Bruce Cohen is CEO of Wrightwood Financial, a real estate finance and investment company. They are focused on providing project and entity level capital, primarily debt related, for owners and operators of real estate in the U.S. and are responsible for all of the remaining assets of its predecessor company, Wrightwood Capital. Mr. Cohen earned a master’s degree from the University of Chicago Booth Graduate School of Business and a bachelor's degree from Tufts University. He serves as a member of the Board of Directors of Erdmann, a preeminent provider of healthcare facilities, as well as the Real Estate Advisory Boards of the Real Estate Alumni Group at the University of Chicago Booth School of Business and at the Kellogg Graduate School of Management at Northwestern University. He is also a member of the Economic Club of Chicago, the Urban Land Institute, the Pension Real Estate Association and the Commercial Real Estate Finance Council. Mike DeMarco was an Executive VP with Vornado Realty Trust handling acquisitions and dispositions. One of his assignments was the restacking of the Merchandise Mart to include Motorola Mobility new world headquarters for 600,000 sq ft. Prior to VNO Mr. DeMarco was a partner in the private equity business of Fortress Investment Group focusing on real estate investments in North America. Mr. DeMarco spent 20 years as a leading real estate banker with Lehman Brothers and First Boston, an early founder of the CMBS business. He graduated in1987 from the University of Chicago MBA program, earned a CPA and is a 1981 graduate of Pace University with a BBA in Accounting and a Minor in History. Tim Podboy works for an impressive Chicago-based global real estate investment company with over $27.1 billion in assets. While Heitman’s primary line of business is private real estate equity with $24.2 billion of assets under management, Tim is in the real estate debt group with $0.5 billion under management. Tim seeks to provide structured senior debt, mezzanine debt and preferred equity capital for acquisitions, recapitalizations, and new developments. Gene Gorab founded Greenfield Partners, LLC and is responsible for managing the overall strategic direction of the firm, including capital formation, investments, and asset management. When its ninth co-mingled fund is complete (Greenfield Acquisition Partners VI, LP), Greenfield partners will have secured equity commitments in excess of $5 billion from leading institutional and individual investors to its investment vehicles. Mr. Gorab earned a BS in Chemical Engineering from Bucknell University in 1985, and an MBA from the University of Chicago in 1989. He is an active member of ULI, PREA, and the Real Estate Roundtable, a Trustee of Bucknell University, and a Board Member of The Appalachia Service Project. Mr. David Helfand serves as a Co-President at Equity Group Investments and also devotes a substantial amount of time to the Zell Opportunities Funds. Prior to rejoining EGI in 2012, Mr. Helfand served as the President, Founder, and Chief Executive Officer at Helix Funds. Mr. Helfand earned a master’s degree from the University of Chicago Booth Graduate School of Business and a bachelor's degree from Northwestern University. Mr. Helfand serves as a member of the Board of Trustees and Executive Committee of National Louis University and is a Director of the Ann & Robert H. Lurie Children's Hospital of Chicago. He also serves on the Board of Visitors at the Weinberg College of Arts and Sciences at Northwestern University and on the Executive Committee of the Zell/Lurie Real Estate Center at The Wharton School.

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          • Some Thoughts on Leverage, Fees and Net Returns by Joseph L. Pagliari, Jr.

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            “Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014. Sponsored by Latham & Watkins LLC, www.LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, www.DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, www.EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) Some Thoughts on Leverage, Fees and Net Returns Presentation by Joseph L. Pagliari Jr., Clinical Professor of Real Estate, The University of Chicago Booth School of Business. Professor Pagliari is both a certified public accountant and a chartered financial analysis, with a research focus on real estate investment portfolio management. His authored and co-authored articles include: “An Overview of Fee Structures in Real Estate Funds and Their Implications for Investor”, published by the Pension Real Estate Association, “The Pricing of Non-Core Real Estate Venture”, published in the Journal of Portfolio Management; “Public versus Private Real Estate Equities: A More Refined, Long-term Comparison”, published in Real Estate Economics; “Public v. Private Real Estate Equities: A Risk/Return Comparison”, published in the Journal of Portfolio Management; and “Twenty Years of the NCREIF Property Index”, published in Real Estate Economics. He co-authored several chapters in the Handbook of Real Estate Portfolio Management, of which he is also the editor. Pagliari also has co-written material published in Real Estate Investment Trusts, Pension Fund Investing, and Megatrends in Retail Real Estate. He has also testified before a House subcommittee (investigating the pricing of FHA/HUD commercial mortgages) and before the Atlanta Federal Reserve Bank (examining state pension plan funding). Based on over 30 years of industry experience, Pagliari’s research goal is to attempt to answer important real estate investment questions from a rigorous theoretical and empirical perspective. He also hopes to share that knowledge with students so they can learn to make thoughtful decisions about commercial real estate investment. Professor Pagliari has served on the editorial advisory boards of the Journal of Real Estate Research and Journal of Real Estate Portfolio Management. He is also active in numerous professional associations including the American Real Estate Society, the American Real Estate and Urban Economics Association, the National Council of Real Estate Investment Fiduciaries and the Pension Real Estate Association. He has presented papers at meetings held by ARES, AREUEA, NCREIF, and NAREIT. Pagliari earned a bachelor's degree in finance from the University of Illinois-Urbana in 1979. He earned an MBA from DePaul University-Chicago in 1982 and a PhD in finance from the University of Illinois-Urbana in 2002. His interests include sports of most every kind - some of which he still plays.

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            • U.S. Real Estate Market Overview by Kenneth P. Riggs, Jr.

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              “Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014. Sponsored by Latham & Watkins LLC, www.LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, www.DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, www.EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) U.S. Real Estate Market Overview Presentation by Kenneth P. Riggs, Jr. (1994), President, Real Estate Research Corporation (RERC) Mr. Riggs has dedicated his entire 35-year professional career to commercial real estate research, valuation, and consulting. As president and CEO of RERC, a Situs company, he directs the firm's valuation management and judiciary services, appraisal and litigation services, and analytics, research and publications for institutional clients. Under Riggs direction, RERC manages more than $100 billion in valuation-related consulting services each quarter for: · Two of the top five largest retirement funds in the U.S. · The nation’s second-largest life insurance company by total life insurance · Three of the largest real estate investment managers in the world. In addition to leading the firm's business ventures, Riggs serves as publisher of the quarterly RERC Real Estate Report, one of the industries leading sources of valuation metrics, including independent capitalization and yield rates. He is also co-publisher of the annual forecast report, Expectations and Market Realities in Real Estate, which is being published by RERC, Situs, Deloitte, and the National Association of Realtors. The 2015 addition of this report will be available in February 2015. Riggs holds an MBA with a concentration in finance and statistics from the University of Chicago Graduate School of Business. In addition to earning the CFA designation from the CFA Institute, he received the CRE designation from The Counselors of Real Estate, the FRICS designation as a Fellow of The Royal Institution of Chartered Surveyors, the CCIM designation from the CCIM Institute, and the MAI designation from the Appraisal Institute. In 2006, Riggs was named by NAR as one of the real estate's 25 most influential thought leaders.

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              • Housing Market - "House of Debt" by Amir Sufi with Opening Remarks by Steven J. Davis, Michael Gilmartin, Joseph L. Pagliari Jr

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                “Chasing Yield & the (Mis) Pricing of Risk?” presented by The University of Chicago Booth School of Business Real Estate Alumni Group on October 29, 2014 at The University of Chicago, Gleacher Center, Chicago, IL. The Eighth Annual Real Estate Conference 2014. Sponsored by Latham & Watkins LLC, www.LW.com (Providing strategic thinking and senior-level attention for innovative solutions to their most complex business issues.) Draper and Kramer, www.DraperAndKramer.com (Providing financial and property services in real estate primarily in property management and leasing, commercial mortgage, residential mortgage, and acquisitions and development.) Eastdil Secured, www.EastdilSecured.com (Providing the best-in-class services as the preeminent real estate investment banking firm for commercial real estate transactions ranging from single assets to large portfolios.) Opening Remarks by Steven J. Davis, Deputy Dean of the Faculty and William H. Abbott Professor of International Business and Economics, The University of Chicago Booth School of Business, Michael Gilmartin (2011) Vice President, Acquisitions, Draper & Kramer, and Joseph L. Pagliari, Jr., Clinical Professor of Real Estate, The University of Chicago Booth School of Business. Professor Davis is a research associate with the National Bureau of Economic Research, senior academic fellow at the Asian Bureau of Finance and Economics Research, economic adviser to the Congressional Budget Office, member of the Bureau of Labor Statistics Technical Advisory Committee, and a visiting scholar at the Federal Reserve Banks of Atlanta and Chicago and the American Enterprise Institute. His research interests include national economic performance, job loss and unemployment, hiring and wage behavior, and public policy. Professor Davis previously edited the American Economic Journal: Macroeconomics, the leading scholarly journal in the field of macroeconomics. Currently, he is a senior adviser to the Brookings Papers on Economic Activity and a member of the advisory board of the Journal of Labour Market Research. Davis has held positions at the Hoover Institution at Stanford University, the Massachusetts Institute of Technology, the National University of Singapore, and Charles River Associates, an economics consulting firm. Davis earned a bachelor's degree from Portland State University in 1980 and a MA and PhD degrees in 1981 and 1986 from Brown University, all in economics. He is married to Akiko Davis and has four children. Housing Market – “House of Debt” Amir Sufi is the Chicago Board of Trade Professor of Finance at the University of Chicago Booth School of Business. He is also a Research Associate at the National Bureau of Economic Research. He serves as an associate editor for the American Economic Review and the Quarterly Journal of Economics. Professor Sufi’s research focuses on finance and macroeconomics. He has articles published in the American Economic Review, the Journal of Finance, and the Quarterly Journal of Economics. His recent research on household debt and the economy has been profiled in the Economist, the Financial Times, the New York Times, and the Wall Street Journal. It has also been presented to policy-makers at the Federal Reserve, the Senate Committee on Banking, Housing, and Urban Affairs, and the White House Council of Economic Advisors. This research forms the basis of his book co-authored with Atif Mian: House of Debt: How They (and You) Caused the Great Recession and How We Can Prevent it from Happening Again, which was published by the University of Chicago Press in 2014. Sufi graduated Phi Beta Kappa with honors from the Walsh School of Foreign Service at Georgetown University with a bachelor's degree in economics. He earned a PhD in economics from the Massachusetts Institute of Technology, where he was awarded the Solow Endowment Prize for Graduate Student Excellence in Teaching and Research. He joined the Chicago Booth faculty in 2005.

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                • Growing STEM Enterprises with Illinois Roots

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                  The October 20, 2014 presentation with John Banta, Executive Director, Blue Cross Blue Shield Venture Partners, and Mark Harris, President CEO, Illinois Science and Technology Coalition, is hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable West Suburban alumni group at Illinois Institute of Technology DanAda Rice Campus Auditorium, 201 East Loop Road, Wheaton, Illinois. Future events and videos at – www.GSBER.ClubExpress.com Training, Presentations, Meetings at – Stella@IIT.edu Video by Stone Cliff Productions, Inc. – www.StoneCliffProductions.com STEM Academic Disciplines: Science, Technology, Engineering, Mathematics. As the total number on non-farm Illinois jobs remains at the level of 1998, STEM-based jobs in that time have grown nationally by more than 10% (triple the non-STEM U.S. average growth rate). Related demand is projected to accelerate faster through 2020, with STEM job holders earning a wage premium of 20+%. Our speakers, longtime specialists in enabling related industry segments, will discuss the positioning of local firms to share in this prosperity, the development/recruitment of suitable talent, the partnership opportunities for small business to leverage their resources and the support of promising technologies. You thus may learn from them how to supply the miners in the 21st century’s gold rush. John Banta, Executive Director, Blue Cross Blue Shield Venture Partners http://IllinoisVentures.com/Team/Index.php?id=5 Currently Managing Director of his fund’s General Partner, John was CEO/Managing Director of Illinois Ventures, a University of Illinois founded premier seed/early stage venture fund commercializing research from Midwestern universities and federal labs. He was a director of numerous firms in clean technology, IT, instrumentation and medical devices. He is also the former President/COO of Digital Work Inc. He is active with professional association, business accelerator and economic development advisory boards. John earned his Bachelor’s degree at University Illinois College of Commerce and his MBA from Chicago Booth. Mark Harris, President/CEO, Illinois Science & Technology Coalition http://www.ISTcoalition.org In charge at ISTC since June 2012 with a prior decade of experience in government, economic development and education, Mark has been Deputy Chief of Staff to Illinois Governor Pat Quinn and an associate director of our Chicago Booth Polsky Center for Entrepreneurship. A Chilean-American who is fluent in Spanish, Mark earned his BS at University of Illinois Urbana Champaign and his MA from University of Chicago. *The term STEM is typically used when addressing education policy and curriculum choices in schools to improve competitiveness in technology development. It has implications for workforce development, national security concerns and immigration policy.

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                  • How Executives Successfully Partner with Private Equity

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                    The September 15, 2014 presentation is hosted by the Chicago University Booth School of Business Entrepreneurial Roundtable West Suburban alumni group at Illinois Institute of Technology DanAda Rice Campus Auditorium, 201 East Loop Road, Wheaton, Illinois. Future events and videos at – www.GSBER.ClubExpress.com Training, Presentations, Meetings at – Stella@IIT.edu Video by Stone Cliff Productions, Inc. – www.StoneCliffProductions.com Private equity (PE) has a historically impressive record of investment returns. Have you ever wondered how that’s been done? Adopting effective partnerships with skilled operating executives can be one key to their success. During this presentation we’ll feature Chicago-based private equity firm, Geneva Glen Capital (GGC), that has mastered this technique of integrating corporate managers into their portfolio companies. Jeff Gonyo, Managing Director at GCC, will explain the process and what company managers should expect when engaging with a private equity firm in either part-time roles of advisor, co-investor, and/or board member or as full-time executives in their portfolio companies as CEO, CFO, or another senior position. Geneva Glen Capital invests in lower middle-market companies (generally under $100 million in value). It maintains a unique reach into international markets through the relationship network of its lead investor, Wanxiang America Capital, to leverage extensive resources for GGC’s portfolio companies and thereby attain potential costs savings, and market expansion into China and globally. Geneva Glen Capital invests up to $40 million in companies headquartered in the U.S. or Canada with EBITDA of $3 million to $20 million. Its extensive private equity experience and fund structure enables it to be flexible, creative and, if appropriate, a long-term investor. For more information about Geneva Glen Capital go to: http://www.GenevaGlenCapital.com

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                    • Intercept by Deziner Software to prepare the Entrepreneur to obtain funding

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                      Many entrepreneurs have great ideas but lack preparation for obtaining funding for their business. Creating the required documents in a logical manner help to present your company profile and proforma to banks, private equity and venture capitalists. Deziner Intercept Software is an easy method and very affordable for start up or expanding entrepreneurial endeavors. Review their website for more information. DezinerSoftware.com

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