American Security Challenge Features Six Finalists; Tom Ridge To Accept Patriot Award

WASHINGTON , June 3 /PRNewswire/ -- The American Security Challenge Event will award $100,000 or more to the best security innovator at America's largest business plan competition devoted to the nation's security.

WHAT: The American Security Challenge, sponsored by the National Security Initiative

WHO: Emerging Technology Firms, Venture Capital Firms, The Honorable Tom Ridge; The Honorable Jay Cohen, Under Secretary for Science & Technology, U.S. Department of Homeland Security; Roger London , Chair, American Security Challenge; six finalists: JADA Consulting, Meaningful Machines, Phoenix Technologies, Spearhead Innovations, Telecontinuity, and Vumii. Gold sponsors include: TD Ameritrade, The Boeing Company, Nobska Ventures, and Northrop Grumman.

WHEN: June 5, 2008 ; 1:30 pm - 6:00 pm

WHERE: Horizon Room, Ronald Reagan Building & International Trade Center, Washington , D.C.

To register visit: http://americansecuritychallenge.com/Media_Sponsors.html or call Kristina Tanasichuk (703) 201-7198.

The American Security Challenge awards $100,000 or more provided by Nobska Ventures to the best business plan for a technology that will secure the nation's citizens or critical assets. The Challenge is held in conjunction with the 2008 Homeland Security S&T Stakeholders Conference East, presented by the National Defense Industrial Association (NDIA) with subject-matter support provided by the Science & Technology Directorate (S&T) of the U.S. Department of Homeland Security June 2-5, 2008 .

ABOUT THE NATIONAL SECURITY INITIATIVE (NSI)

The National Security Initiative is a non-profit organization devoted to promoting America's long-term national security interests by uniting the power of the market to the power of American ingenuity. Through the NSI's American Security Challenge, the group recognizes an annual business plan that brings innovators and investors from around the country together to collaborate and support the best security technology devoted to our country's national security. Learn more about NSI at www.nationalsecurityinitiative.com and about American Security Challenge at www.americansecuritychallenge.com.

ABOUT NOBSKA VENTURES

Nobska Ventures supports exceptional entrepreneurs and management teams in Israel and the United States with early stage venture capital, experienced strategic and operational counsel, and global market access and relationships. Nobska Ventures brings an active, hands-on investment team experienced in business strategy, technology development and commercialization, sales and marketing, and other skill sets so critical to the earliest stages of a young company's growth. For Israeli companies, Nobska provides a US launch pad and hands-on support in team-building and global market entry. Nobska's investment focus areas include advanced Information and Communications technologies for Enterprise Management and Security, Defense Intelligence and Electronics, Homeland Security and Healthcare. Learn more at www.nobskaventures.com.

Contact: Roger London , NSI

(410)340-5335 [email protected]

SOURCE The National Security Initiative

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