RICHARDSON, Texas/Sept. 30, 2002 - Comerica (NYSE: CMA), a leading financial services company, announced today that its Technology and Life Sciences Division is one of the sponsors of the 2002 Southwest Equity Capital Summit (SWECS), Oct. 2-3. The Capital Network has organized the event, which will bring together investors and established companies that seek funding.
Tony Schell, senior vice president and managing director of Comerica’s Texas Technology and Life Sciences Division, will serve on the investor panel. At Comerica, he heads a team of lenders based in Dallas and Austin who work with early- and late-stage technology companies throughout the state.
"It’s no secret that today’s uncertain economic conditions have affected the ability of companies to secure financing, but what we are seeing is a return to fundamentals," Schell said. "Investors remain interested in supporting companies with strong management teams and a viable path to profitability. We see that in working with both emerging companies and those that are more established."
Schell’s panel will be featured on the first day of the SWECS, which is targeted toward educating entrepreneurs and executives from emerging growth companies. The second day, for accredited investors only, will feature presentations from 30 pre-screened companies seeking funding, and a panel on corporate investing and partnering. To learn more about the event, visit ww.thecapitalnetwork.com/tvcc.
About Comerica’s Technology and Life Sciences Division
Comerica’s Technology and Life Sciences Division is one of the nation’s leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. From 19 offices located across the U.S., Comerica’s Technology and Life Sciences Division serves all major technology centers. Comerica is among the 20 largest banking companies in the nation, with $51 billion in assets.
Media Contacts:
Adrienne Moch
Pacifico (for Comerica’s Technology and Life Sciences Division)
(408) 293-8600 x319
amoch@pacifico.com
or
Keith Turner
Comerica Bank-California
(408) 556-5111
keith_turner@comerica.com
