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Monday, October 12, 2009

Following up with some prior BAN presenters (Loco-X and Motus)

It's always fun to watch these new companies as they grow and mature. Since we see them so early at BAN, I usually feel pretty paternal and can't help but root them on as they strive for success.

With that in mind, I thought it would be fun to update you all on some of our prior presenters and what they are up to now.

Loco-X (parent and owner of principals David Scilabro and Greg Brock came down last quarter as the first of (hopefully) many syndicated deals from our sister angel groups in the state. Specifically, Loco-X came from Huntsville as a part of their tour of the state's angel groups. Since that time Loco-X has almost finished there current capital raise, including some of our BAN members, (apparently they are open for about two more weeks) all while working hard to grow their core business and it looks like it is paying off. Dave says Loco-X is ahead of schedule this year and is planning, in about two weeks, to move into their new 50,000 square foot facility in preparation for launching a sister site before Thanksgiving.

Another fairly recent BAN presenter, Motus Motorcycles (, publicly announced a partnership with Pratt & Miller Engineering "to develop a revolutionary sport touring motorcycle." An announcement which has already garnered international attention from the likes of in their September Issue. (Click link).

Not bad for a couple of little startups from Alabama and I can't wait to see where they go from here.

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