Thought Equity Announces Intellectual Property Refinery

DENVER, Colo., May 20, 2002 - Thought Equity Management Inc., a leader in the collection and distribution of intellectual property, today announced plans for its state-of-the-art Intellectual Property (IP) Refinery.

The purpose of the IP Refinery is to sort, profile, refine and package intellectual property from a variety of sources including professional service, high growth and insolvent companies.

To help build this IP Refinery, Thought Equity has selected Ridge Creative, a full-service consulting and advertising agency located in Laramie, Wyoming. Ridge Creative was selected based on their experience working with a range of customers from large enterprise to small business, and their ability to produce nationally competitive results.

"We are excited to be part of Thought Equity's vision," said David Coleman, president of Ridge Creative. "For the past 8 years, Ridge Creative has prided itself on its commitment to excellence and high tech work, and this development marks a huge win for us."

Thought Equity first chose Laramie as the desired location for the IP Refinery, and then selected Ridge based on their qualifications. Ridge Creative will consult on, and help build Thought Equity's stock creative inventory, which is supplied to various software companies and business service providers worldwide.

"Ridge Creative has a progressive approach to problem solving and consulting, and has composed a diverse team of talent that fits in well with Thought Equity's mission," stated Kevin Schaff, CEO of Thought Equity.

"We could have put the IP Refinery anywhere. We chose Laramie, Wyoming because of its cost-effectiveness, its proximity to our headquarters in Denver, and the University which provides us access to a highly educated workforce," continued Schaff. "Both the state and the University have demonstrated tremendous support of new business."

This IP Refinery will be the first of its kind in the intellectual property field, and plans on being fully operational in early June.

About Ridge Creative
Ridge Creative is headquartered in Laramie, Wyoming and is a nationally recognized full-service advertising and design firm. Ridge Creative offers a variety of services including Concept development, Brand Development, Website development and hosting, broadcast production, and copywriting. For more information, visit www.ridgecreative.com.

About Thought Equity

Thought Equity Management, Inc. is headquartered in Denver, Colorado and specializes in the collection, refinement, packaging and distribution of unused and non-strategic intellectual property. One of their focuses is supplying stock creative inventory to software manufacturers and service providers for the small to medium-sized business market. For more information about Thought Equity, visit www.thoughtequity.com.

For more information about this release, Email PR@thoughtequity.com or call (303) 308-3234.

 
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