WPI Venture Forum Business Plan Winner

FOR IMMEDIATE RELEASE/July 26, 2002
Contact: WPI Venture Forum, +1-508-831-5075

 Worcester, MA - July 26, 2002 - American Navigation Systems, Inc. (AMNAV), creator of a patented portable navigation device that uses standard topographic diagrams and marine navigation charts to provide highly detailed maps to outdoor recreation enthusiasts, won top honors in the WPI Venture Forum's 2002 Business Plan Contest. The company received $15,000 in cash and in-kind services.

The patented virtual display and data compression technology was at one time limited to homes, cars, planes or large boats; now this handheld personal navigation device, called "The Navigator," will be available to a broader audience.

Another finalist in the business plan contest was Natural Metal Recovery Systems (NMRS). NMRS is a preliminary waste manufacturing company with products that utilize naturally produced biopolymers to separate and recover metal from industrial wastewater.

WPI Venture Forum was created in 1990 to promote entrepreneurial spirit and to serve those who engage in technology-based enterprises by providing advice, support and education. It is part of the Collaborative for Entrepreneurship and Innovation in WPI's Department of Management. For more information, contact Venture Forum at 508-831-5075, by e-mail at ventureforum@wpi.edu or log on to www.wpiventureforum.org.