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A new way to find business partners and get involved in business

For Release:
On or after Friday, April 20, 2007

Contact:
Media Relations
PartnerUp, Inc.
Direct: (952) 229-8300
E-mail: newsroom@partnerup.com

MINNEAPOLIS, Minnesota – PartnerUp (www.partnerup.com) is introducing a powerful new way to find business partners and opportunities to get involved in business.

PartnerUp is a free web site that helps entrepreneurs and those interested in starting a business find business partners, advisors, board members, executives, and skilled professionals (such as engineers). On the other side of the coin, PartnerUp helps people who are interested in getting involved in a business, but don’t have a specific business idea, find opportunities to get involved in the above capacities.

The underlying premise of PartnerUp is that entrepreneurs, people interested in starting a business, and existing companies post a basic overview of their idea or company along with a description of exactly what they’re looking for in a candidate. People who are interested in finding opportunities to get involved can then use PartnerUp’s powerful search functionality to search for opportunities to get involved based on opportunity type (co-founder/partner, board member, executive, etc.), required functional and industry experience, location, and desired compensation (cash, equity, etc.).

"Entrepreneurs generally have very specific skill sets that they’re looking for in a partner," said Steve Nielsen, President and CEO of PartnerUp. "For example, an entrepreneur with an idea for a new consumer electronic device would likely need an electrical engineer. A physician with an idea for a new medical device might need a partner with experience in marketing or finance. PartnerUp can help either of these entrepreneurs find the people that they need."

PartnerUp attracts a broad audience that includes technology and medical entrepreneurs, baby boomers and retirees who are interested in sharing their experience, students and recent graduates who are looking for experienced partners or advisors, and skilled professionals, such as accountants, marketing professionals, and engineers.

In addition to its core functionality, the site also offers a number of ways for users to network and interact with other members, including the ability to ask questions and get advice from other users who have specific functional or industry experience.

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