Entrepreneur File

The Entrepreneur File is a monthly feature in the newsletter that focuses on a start-up company seeking funding.  This feature is not an endorsement of this company. Investors should perform due diligence before investing. 

Proposal/Business name:   encryptX Corp.

Contact:      Elizabeth Del Ferro, VP of Business Development
                   303-431-4550 or edelferro@encryptx.com

Industry:     Computer Software

Location:    Denver, Colorado

Product:  encryptX Corporation develops software security applications that provide businesses with the ability to create, organize, locate, and protect sensitive business information when shared internally and
externally. encryptX was formed as a Colorado corporation on August 27, 1999 for the purpose of marketing, selling, and further developing its information security software products.  The Company is currently in the market expansion phase.  encryptX, based in Denver, Colorado, utilizes a "virtual company" model that allows it to outsource several primary functions to reduce its cost structure while leveraging strengths and scalability.

Sales Strategy:   encryptX is focusing on the expansion of its revenue opportunities through the establishment of several OEM and direct large corporate accounts that will extend its reach considerably.  In addition, the
Company intends to continue to sell via the Internet. encryptX has already formed a corporate account relationship with IBM's Global Services division.  In addition, it is seeking to expand this to a reseller relationship as well.  The company has also developed relationships with various software providers that are seeking a security component to their solutions.

Capital Needs:  $250,000 - $1 Million

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