Kentucky Startup Blog written by Richard Stump

Kentucky Companies in the Inc 500

August 27, 2009

inc5000_headerThe following Three companies made the Inc 500 list of the fastest growing privately held businesses in the US.

No. 21

Blue Entertainment Sports Television

Louisville, KY

Year 2009
Industry Media
Founded 2004
Growth 4,685.3%
2005 Revenue $478,501
2008 Revenue $22.9 million
Employees 80
Website www.ExperienceBest.com

Blue Entertainment Sports Television’s Business Model:

Blue Entertainment Sports Television owns, manages, and produces sporting events and television properties and represents sports and entertainment celebrities such as Reggie Bush, Magic Johnson, Shawn Marion, and Caroline Wozniacki.

No. 130

GlowTouch Technologies

Louisville, KY

Year 2009
Industry IT Services
Founded 2004
Growth 1,350.2%
2005 Revenue $476,708
2008 Revenue $6.9 million
Employees 800
Website www.GlowTouch.com

GlowTouch Technologies’s Business Model:

GlowTouch Technologies provides application development, business process outsourcing, and IT infrastructure services to companies of all sizes nationwide.

No. 313

Premier Integrity Solutions

Russell Springs, KY

Year 2009
Industry Security
Founded 1999
Growth 765.5%
2005 Revenue $681,257
2008 Revenue $5.9 million
Employees 176
Website www.PremierIntegrity.com

Premier Integrity Solutions’s Business Model:

Premier Integrity Solutions performs drug and alcohol testing, background checks, and electronic monitoring for criminal justice programs, schools, departments of transportation, and workplace programs.

The following list is the rest of Kentucky Companies in the full Inc 5000 list:

Rank Name Year City State Revenue Growth Founded Employees

21

Blue Entertainment Sports Television

2009

Louisville KY $22.9 million

4685.30%

2004

80

130

GlowTouch Technologies

2009

Louisville KY $6.9 million

1350.20%

2004

800

313

Premier Integrity Solutions

2009

Russell Springs KY $5.9 million

765.50%

1999

176

703

Ingrams Water and Air

2009

Paducah KY $3.5 million

401.50%

1985

15

760

iEntry

2009

Lexington KY $18.6 million

380.00%

1999

41

776

Sun Tan City

2009

Elizabethtown KY $36.8 million

375.30%

1999

765

872

Charah

2009

Louisville KY $39.5 million

346.20%

1987

96

880

Payment Alliance International

2009

Louisville KY $185.3 million

343.10%

2005

262

936

ARGI Financial Group

2009

Louisville KY $3.3 million

326.00%

1995

30

1051

CandyRific

2009

Louisville KY $25.4 million

294.50%

2001

12

1155

Reliable Asphalt Products

2009

Shelbyville KY $20.5 million

274.80%

2002

25

1401

Integrity Asset Management

2009

Louisville KY $15.5 million

228.40%

2003

16

1444

LeapFrog Interactive

2009

Louisville KY $6.6 million

221.70%

1999

49

1476

Life Safety Services

2009

Louisville KY $2.7 million

217.50%

2004

30

1488

ZirMed

2009

Louisville KY $34.0 million

215.60%

1999

204

1490

R & R Limousine

2009

Louisville KY $3.4 million

215.40%

1996

30

1553

Freedom Metals

2009

Louisville KY $58.1 million

205.90%

1983

91

1568

Thoroughbred Research Group

2009

Louisville KY $10.0 million

204.10%

1976

166

1758

Advanced Global Communications

2009

Prospect KY $5.1 million

180.10%

1995

42

2161

Executive Communications

2009

Louisville KY $4.8 million

146.30%

1997

17

2164

Hello Metro

2009

Louisville KY $4.7 million

146.10%

2000

13

2270

Micah Group Environmental Contractors

2009

Lexington KY $6.3 million

137.50%

1998

20

2312

Donan Engineering

2009

Louisville KY $16.2 million

132.80%

1947

117

2369

Peritus

2009

Louisville KY $2.9 million

129.00%

1998

19

2398

ASAP Automation

2009

Louisville KY $12.2 million

126.70%

1989

71

2497

Big Ass Fan

2009

Lexington KY $37.7 million

120.30%

1999

131

2548

ISCO Industries

2009

Louisville KY $342.2 million

117.10%

1962

300

2640

Emergint Technologies

2009

Louisville KY $17.8 million

112.00%

1999

203

2664

Aegis Security Design

2009

Goshen KY $2.3 million

110.70%

1998

17

2831

BlueCotton

2009

Bowling Green KY $3.5 million

100.50%

1998

37

2848

Tier 1 Performance Solutions

2009

Covington KY $4.0 million

99.90%

2002

35

2884

Mammoth Resource Partners

2009

Cave City KY $13.5 million

97.90%

2004

51

3073

Whelan Machine & Tool

2009

Louisville KY $5.4 million

88.10%

1989

29

3171

V-Soft Consulting Group

2009

Louisville KY $20.9 million

83.70%

1997

224

3255

Verst Group Logistics

2009

Walton KY $137.5 million

79.70%

1966

1300

3342

All Safe Industries

2009

Louisville KY $6.0 million

75.50%

1996

9

3492

Micro-Med

2009

Louisville KY $2.1 million

69.70%

1989

13

3576

Boneal

2009

Means KY $20.3 million

66.70%

1980

90

3598

Alltech

2009

Nicholasville KY $414.6 million

65.90%

1980

1934

3613

Neutech Packaging Systems

2009

Lexington KY $3.2 million

65.40%

2003

5

3663

The Tellennium Group

2009

Mt. Washington KY $10.5 million

63.50%

1999

16

3825

Neace Lukens

2009

Louisville KY $81.6 million

57.60%

1991

494

3994

High Power Technical Services

2009

Louisville KY $26.9 million

51.00%

1999

301

4237

The Oliver Group

2009

Louisville KY $2.7 million

41.40%

1984

16

4333

WARE

2009

Louisville KY $20.4 million

37.90%

1952

77

4407

CB Richard Ellis/Louisville

2009

Louisville KY $5.0 million

35.00%

1996

17

4448

Tenmast Software

2009

Lexington KY $6.3 million

33.20%

1998

60

4611

Family Allergy and Asthma

2009

Louisville KY $12.9 million

25.30%

1979

85

4665

Adcolor

2009

Lexington KY $5.1 million

22.50%

1990

59

4688

Kizan Technologies

2009

Louisville KY $4.3 million

21.10%

2000

40

.

Earning media

August 25, 2009

This is the second in a series of posts by Peritus PR with media tips for startups.

Your company does not need to spend tens of thousands of dollars on advertising or media in order to effectively push your new product’s message. Each day there are hundreds news stories that present perfect opportunities for free media or – ‘Earned Media’.

Earned Media (as defined by wikipeida): Earned media (or free media) refers to favorable publicity gained through promotional efforts other than advertising, as opposed to paid media, which refers to publicity gained through advertising. The media may include any mass media outlets, such as newspaper, television, radio, and the Internet, and may include a variety of formats, such as news articles or shows, letters to the editor, editorials, and polls on television and the Internet.

You can either do it yourself, or hire a firm to do it for you. Hiring a firm may seem expensive for a startup, but the media generated by a firm is typically 10x that of advertizing and much cheaper. Summarized: more ‘bang’ for your buck$.

There are two types of earned media:

1. Proactive

2. Reactive

If embarking on an earned media campaign yourself, here are a couple of tips to remember about each:

Being Proactive

Contacting your local media outlet(s) is important to getting your message out beyond stakeholders, family, friends, employees, colleagues etc. Many in your community do not realize the impact your product will have on their lives. It is important to help make your community aware first, to have an impact in your overall goal / story.

Here are some easy proactive steps when contacting your local media:

· Decide what newspapers, TV Stations, Radio Shows you want to target.

· Find out who the Business reporter or Talk Show host is for that Media. You can easily find their information on that media’s website.

· Contact your local business journal or daily newspaper and ask if you can participate in a “New Business or Technology” roundtable/panel discussion that they may be hosting.

· Contact the reporter/talk show host by email or phone with a short email explaining your point of interest and why it is important for the whole community to know.

If you are granted an interview, put together a team of resources for the story such as a customer, student, employee or anyone who your product benefits. You should coordinate setting up the interview with the reporter, customer, student, or employee. Prepare both people and yourself for questions that the reporter may ask you.

Being Reactive

Being reactive is another type of earned media that is free and can help you push your message. Let’s say you are a health care startup and there was recently a front page story published about health care reform in your daily paper. Below are a couple of ways to hop on the coat-tails of the recent article to try and schedule an interview or publish an article from your company.

Contacting your local media:

· Contact the reporter who wrote the article.

· Send the reporter an email addressing the issue.

The email subject line should be informal and include the general idea of your editorial and mention the article. (ie - “Questions regarding your article on…..”).

· If you are granted an interview, help setup the interview with a known community leader, key professor, customer, student or business leader. Prepare both people and yourself for questions that the reporter may ask them such as:

o Have you heard about my product?

o How will (your product) impact community/patients/providers?

If you are not granted an interview, then email again, call or write an op-ed piece.

In a proactive or reactive approach it is always important to prepare in advance. When talking to the media, this is not about you; this is about how your product is a solution and new idea that is moving your community forward. Talking to the media about the “human interest” side of this news will help them to better understand your story.

When conversing with a Reporter, remember:

· Get the reporter to open up about your product and ask them if they had heard about it and their thoughts on the impact your product will have on the community.

· Do not attack the reporter. This will put them on the defensive.

· Do make this about the greater good of technology and it’s affect on the community.

· Do not make this about a national issue.

· Do make this an opportunity to address an issue of great concern about your community.

· Do attend the interview (even if you are not interviewed).

· Do thank the reporter for addressing this issue (no gifts to a reporter).

State of the State’s high-Tech efforts

August 21, 2009

2008-dci-annual-report-finalThe State of Kentucky’s efforts to assist in the building of a high-Tech economy is outlined in the Department for commercialization and Innovation annual report. They have made a lot of investments in infrastructure projects.   It is interesting to note the number of high-tech companies and the diversity of projects they are working on.  It also highlights the need for more seed stage funding as companies can only get funding from the state for a limited range of projects.

Startup company list updated

August 20, 2009

Check out the startup companies page on this blog.  We have updated it to include many new startups and several that were overlooked.  If you think something is missing, Please contact me.

Union Springs Pharma receives funding.

August 19, 2009

usp_logoUnion Springs Pharmaceuticals LLC has received more than $5 million in funding from Blue Chip Venture Co. and other venture capital firms, the company said Tuesday.

The Series A financing will allow Union Springs to build its sales and marketing organization, as well as expand into the health care and consumer markets, according to a news release. It also will pursue expansion into the European and Canadian markets.

Union Springs, headquartered in Union, Ky., manufactures the Clyns line of infection control products and T-5000 disposable respirators for the EMS, law enforcement, corrections and military markets.

The company is headed by Roger Griggs, who foundedXanodyne Pharmaceuticals, a specialty drug company headquartered in Newport, that also received venture funding from Blue Chip.

Jack Wyant, Blue Chip managing partner, said Union Springs meets the venture capital firm’s criteria, including an executive team that’s “highly ethical, passionate and strategic.”

IdeaFestival 2009

August 17, 2009

IdeaFestival is scheduled for Spetember 23rd-26th in Louisville a copy of the schedule is below:

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Louisville geek Dinner

August 14, 2009

Louisville Geek Dinner v.0.7

WHAT: A social networking event for those passionate about technology.
WHEN: Monday August 24th 2009, 6:00pm EST
WHERE: Bluegrass Brewing Company (3929 Shelbyville Rd, Louisville)
COST: FREE + Whatever you choose to spend on food.

(Signup for the next Louisville Geek Dinner) - Follow @geekdinner on Twitter

Those of you who would like to receive a reminder notification, please email me at bdthomas [at] gmail.com. The success of Louisville Geek Dinner is up to you. Please invite your friends, enemies, and co-workers.

Concept

The purpose of Louisville Geek Dinner is to organize a social networking event for geeks. The original concept came from listening to London Geek Dinner podcasts. The first four Louisville Geek Dinners were quite successful, however there is still potential for significant growth. Let’s build an environment like Silicon Valley!

Who is invited, and what does it mean to be a geek? Wikipedia defines geek as the following, “a person who is interested in technology, especially computing and new media. It is comparable with the classic definition of hacker.” The quickest way to determine if you are a geek is to take a geek test. The simple fact is that we love technology. We need a social event where everyone speaks our language for a change. All geeks are invited. Please encourage your geek friends toSignup. The best way to ensure that you will have a good time is to invite other geeks that you know.

Profile: Mercury Grove

August 11, 2009

This starts a series of profiles of startups located in the Northern part of the state.  This area is just across the river from Cincinnati and is one of the fastest growing in the state.  The first profile is of Mecury Grove.  They brecently launched a new product, Network Hippo.  I spoke with co-founder Michael Marker about Network Hippo and Mercury grove.

logosnapshot

Founders Name(s):

Scott Annan: President, CEO

Michael Marker: COO

Creighton Medley: CIO

Michael, First tell us about Network Hippo.

With Network Hippo you set how well you know someone, and how important they are to your business or career.  Our unique “learning algorithm” will determine which contacts represent the greatest opportunities and finds similar profiles in your network to help you strengthen those relationships.  We also integrate with the user’s imap-based email to import emails to and from your contacts, analyze your communication trends, and remind you to stay in touch with people who matter most.

Unlike other CRM products, Network Hippo recognizes the importance of People’s relationships, and improves user adoption by encouraging individuals to take their contacts with them from company to company, building a strong, valuable, lifelong network that they can leverage wherever they work.  Plus they have individual reports that show their deal flow, and average sales amounts by month and year, a very powerful tool for finding their next job

What is your company’s 30 second elevator pitch?

Mercury Grove develops innovative, web-based business solutions designed to help small companies build stronger relationships with prospects, clients, partners, and employees. Our core suite of web applications include:

  • Network Hippo – A powerful network relationship application that puts your professional network to work. Network Hippo helps professionals and small businesses build their network, identify their most valuable contacts, remind them when somebody needs a call, and track deals for their business.
  • Campaign Hippo – Email marketing software that makes it easy to send segmented, personalized emails and measure the success of your email marketing programs. It’s easy to use, flexible, integrated with your website, and can be used “stand-alone” or integrated with Network Hippo for a complete communication management solution.
  • Web Groups - Share information through the Web Groups team “portal” that makes it easy to keep everyone connected. Features include a Message board, Project Management, Document sharing, News (RSS) reader, and an interactive team calendar.

Mercury Grove’s professional services team also provides IT consulting services in the following areas:

  • Web application development
  • Web site design, development, hosting, and management
  • Content Management System Implementation
  • SEO/SEM Consulting
  • E-Commerce Consulting
  • Social Media Strategy and Consulting
  • Email Marketing
  • Results Management and Analysis
  • IT Project Management

What has been your company’s funding & growth so far?

Since being founded in 2005, we’ve been entirely funded entirely by operations and have seen 50% annual revenue growth.

What is the outlook for your business in the next eighteen months?

Over the next 18 months, Mercury Grove will be transitioning focus to the growth of our suite of web application products. We forecast 600% revenue growth for these products over the next 18 months.

What attracted you to entrepreneurship?

Entrepreneurship offers the ability to innovate and deliver projects and products much quicker than can be done in a Fortune 500 company.

What have been the advantages and disadvantages of starting a high tech business in Kentucky?

Kentucky is investing quite a bit of resources in high-tech industries, opening up opportunities for smaller companies such as ours. Also, because there are so few web 2.0 companies in the region, our products and services garner excellent attention. The disadvantages are proportionately fewer “web-savvy” individuals and small companies in the region as compared to other regions, such as San Francisco, Austin, and Washington, DC.

Transposagen introduces world’s first SCID rat

August 6, 2009

trans_color_hrMycompany is pleased to announce the creation of the world’s first SCID Rat.  A SCID rat has almost a complete lack of an immune system.  The press release is here.  We were also featured in an article in the August issue of New Scientist magazine.

Free workshop

August 3, 2009

Kentucky Science and Technology Corporation

and The Innovation and Commercialization Centers

Present

“Going beyond IP – Implementing a reasonable sales strategy”

September 17, 2009

The Science Museum

727 West Main Street
Louisville, KY  40202

4th floor Conference Room

10:00 – 2:00

Agenda

10:00 – 10:05      Introduction from Matt McGarvey, KSTC

10:05 – 10:15      Welcome from Deborah Clayton, Commissioner, Dept of Commercialization and Innovation

10:15 – 11:30      Jodi S. Graham (highly sought after sales exec) – Sales, Marketing and Retention Strategies

· Establishing an achievable marketing strategy

· Knocking down the barriers in implementing a sales process

· Discover strategies to maximize your efforts and resources

11:30 – 12:30      Break/Lunch (provided)/Networking

12:30 -    1:45      Donna Duncan (Commissioner, Department of Financial Incentives) - INK

· Highlights of House Bill 3, known as Incentives for a New Kentucky (INK)

· How are the incentives being streamlined and modernized

· How can you use these incentives to grow your business

1:45 -    2:00       Wrap up

The conference will be limited to the first 120 who register.  Please email Shari Ball at sball@kstc.com with your full name and name of your business.