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Part One: THE WARM UP

MS. SMITH: I want to welcome you tonight to the Netpreneur Program's first CEO Forum. If this is anything like the other events we have done, you are going to have a wonderful time, you are going to learn a lot, you are going to talk a lot, you're going to teach a lot, and we'll all leave here in better condition. I want to announce that the program will be taped. It will be made available in audio, written and digital format. Anyone participating tonight must do so with the understanding that his or her remarks will be recorded. I would also like to mention that members of the media have been invited to attend, but this entire session is considered off-the-record.

As many of you know, Netpreneur Exchange went live this week and we are very, very pleased with it. If you haven't checked it out, please do. It's the virtual home of the netpreneur community, which tonight appears to be at least 400 strong. I want to mention members of the Netpreneur team who are in the room, Penny Lewandowski, who is the head of our netpreneur outreach; Holly Capps, our marketing communications coordinator; Steve Fleckenstein, our Web site producer; Ming Chen, our Internet developer; Neil Oatley, publications; Mitch Arnowitz, partner relations; and Fran Witzel, investor services. Fran has done a wonderful job linking the investment community together, as we see tonight. Fran, Penny, and Holly particularly have done yeoman's duty on getting this ready for us tonight and some of them, the names I mentioned will be coming around with the microphones when we open the forum for questions.

I also want to introduce April Young, the executive director of the Potomac KnowledgeWay Program, and the overall den mother. And I want to introduce MCI and the Morino Institute, who are our Charter Sponsors, and particularly recognize Andi Weiss from MCI who is the MCI liaison for the Netpreneur program. Also tonight, we have representatives from three of our partners Melanie Auger from KPMG Peat Marwick, and Suzanne Richardson of Friedman, Billings, Ramsey, and Lyn Miller from Virginia's Center for Innovative Technology (CIT). Welcome to all of you.

To give you a little update on the calendar, in case you haven't checked the site, the next Coffee and DoughNets is May 16th. Coopers & Lybrand is hosting it at the Four Seasons Hotel in Georgetown. There will be another Coffee and DoughNets June 27th, and we expect to have that out at Charlie Heller's Dingman Center on the campus of the University of Maryland, Shady Grove Center. Also, on June 12th, we'll have our next CEO Forum featuring An Evening With the Barons with the new Tech Capital magazine. And remember, in November, the Mid-Atlantic Venture Association is having its conference in the metro Washington area.

Part 2: THE KICK OFF

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