News from USGEA
BAIDU.COM’S LEAD INVESTOR CONTRIBUTES $11.5 MILLION TO CALUNIVERSITY?
Dr. Finian Tan Invests In Online College Affordable Education Programs and International Expansion
LOS ANGELES (March 24, 2011) – California InterContinental University (CalUniversity), a leading distance-learning educational institution, has received a $11.5 million investment from Dr. Finian Tan, the lead investor in China’s number one search engine Baidu.com. This contribution makes Tan the university’s primary shareholder, and will be used to develop CalUniversity’s presence internationally as well as to provide affordable education worldwide.
CalUniversity’s business, healthcare and information technology programs will now be available to students in China, India and the Gulf Corporation Council (GCC) countries, and will provide attendees with the ability to earn a degree for an affordable tuition. Dr. Finian Tan’s investment came as the result of the promising future he sees in CalUniversity and a strong belief in the career advancement it can bring to countries like China.
“Just as I saw a great future for Baidu.com, I see the same potential for success at CalUniversity,” said Baidu.com Investor Dr. Finian Tan. “There are a lot of opportunities in Asia and abroad, with education topping the list. With this investment I hope to make degree attainment a possibility for people of all ages and classes.”
“We’re excited to have Dr. Finian Tan on board to help CalUniversity reach its goals of providing affordable education in countries all over the world,” said CEO and Chairman of CalUniversity Dr. Shaan Kumar. “In China it is estimated that only one in four high school graduates has the opportunity to pursue a university level education, mainly due to high costs, and with Dr. Tan’s help we’re on our way to changing that.”
This investment will allow CalUniversity to offer programs for Bachelor’s, Master’s and Doctoral degrees through an interactive learning curriculum, flexible degree completion and affordable tuition and fees. For more information on CalUniversity, please visit www.caluniversity.edu.
California InterContinental University (CalUniversity) is a distance learning online educational institution dedicated to the study of business administration and management. As part of the school’s mission, CalUniversity promotes quality learning, critical thinking, and the discovery of new knowledge for the benefit of diverse business communities. CalUniversity strives to admit motivated and committed students who, through their academic accomplishments, will become successful business managers, executives, leaders, researchers, and consultants. For more information please visit, www.caluniversity.edu. In association with CalUniversity in the support of entrepreneurship, please visit www.usgea.org.
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FOR IMMEDIATE RELEASE
Los Angeles, Calif. (November 1, 2010) – The United States Global Entrepreneurs Association’s (USGEA) is proud to announce that one of its corporate members, Vickers Financial Group (“Vickers”), a leading Venture Capital firm emerged a winner on October 5th at the Inaugural Singapore Venture Capital and Private Equity Association (“SVCA”) Annual Awards Gala Dinner held at the Shangri-La Hotel. The newly established annual awards program is aimed to highlight successful venture capital (“VC”) and private equity (“PE”) investments, as well as recognize the achievements of the dynamic VC/PE players in the industry.
Vickers which focuses on early stage investments, funded the start-up capital for Cambridge Real Estate Investment Management (“CREIM”) Pte Ltd, the investment manager of Cambridge Industrial Trust (“CIT”), a REIT which is listed on the Singapore Stock Exchange in 2005 and sold its interests to a joint venture between National Australian Bank and Oxley Capital in 2008 for a 26x return on investment and an IRR of approximately 190%.
Vickers took home the best exit award for Category A (early staged investments). In this category, key criteria were investment returns, investment holding period and the size of the transaction. “Our investment in CREIM is a good example of the deals we invest in. We focus on early stage in the 5 sectors of technology, media, telecommunication, financial services and consumer. We took a more active role in the strategic management of this company, through the chairmanship of the board and subcommittees, and also seconding a full time defacto CFO to the company” said Vickers Financial Group’s chairman, Dr. Finian Tan.
USGEA Chairman Dr. Shaan Kumar remarked, “There are very few VC’s who are choosing high risk high gain ventures in the current economic conditions but I feel Vickers team is making a prudent move in identifying their niche by choosing very few deals out of thousands of companies they see each year. Their portfolios are very unique and diversified. In my personal experience, the Vickers team, led by Dr. Tan, are not only good strategic investors, but good team players.”
For more information about Vickers Financial Group, please visit: www.vickersfinancial.com
About Vickers Financial Group
Vickers Financial Group is an investment house with offices in Shanghai and Singapore. The group manages 3 funds and proprietary capital. Founded in 2004 by Dr Finian Tan, the Group seeks to create long term value for its investors by investing in and building a stable of great companies focused primarily on the Asia Pacific market.
For more information about United States Global Entrepreneurs Association, please visit: www.usgea.org
USGEA is a global mentor capital organization which supports the growth and success of small and medium businesses, emerging entrepreneurs, leaders, and professionals worldwide. Its social site www.enterpeneur21.net acts as a platform for collaboration to their member community.
NATIONAL ENTREPRENEUR’S DAY CELEBRATED BY USGEA
Non-Profit Global Business Network Celebrates The Entrepreneurial Spirit With A Conference Honoring Some Of The State’s Best Business Owners
LOS ANGELES (December 13, 2010) - In honor of the first ever National Entrepreneur’s Day, the United States Global Enterprise Association (USGEA) held a event called Entrepreneur’s Conference 2010 (ECON2010) to honor and celebrate the spirit of entrepreneurism. Put into motion by a concept for a day honoring American entrepreneurs which arose in January 2010 and was proclaimed an actual holiday by President Obama shortly thereafter, the USGEA decided to put on this event to coincide with the new holiday and honor those who are continuing to build up the U.S. economy.
After a process that merited thousands of signatures and 6 months of campaigning , National Entrepreneur’s Day was appointed as the last day in National Entrepreneur’s Week by President Obama earlier in 2010. As such, the USGEA designed ECON2010 as a way to bring entrepreneurs and enterprises together on this day and offer them the chance to network and learn from one another in an event that aimed to encourage the entrepreneurial spirit. In addition to offering networking opportunities and resources, ECON2010 also aimed to honor those who were doing an exceptional job in their part as entrepreneurs. Those honored include Spencer Brown, Founder of Rentagreenbox.com and recipient of the Green Entrepreneur of the Year award, Kristin Mangers, Founder of Webvisible and recipient of the Woman Entrepreneur of the Year award and Andrew Warner, Founder of Mixergy and recipient of the Young Entrepreneur of the Year award.
“We created ECON2010 as a way to celebrate and encourage entrepreneur’s all over the U.S. and we are very proud with the way the event turned out,” said USGEA Chairman Shaan Kumar. “We were able to honor some outstanding entrepreneurs and plan on making this a yearly event that business owners, and future business owners can look forward to.”
In addition to ECON2010, the USGEA is a general supporter of the growth of small, medium and large enterprises, and encourages this growth daily through its membership which connects entrepreneurs, executives, educators, investors and other business people from all around the world. For more information on the USGEA or ECON2010 please visit www.usgea.org
About The United States Global Enterprise Association
The United Stated Global Enterprise Association (USGEA) is a non-profit global business network formed by entrepreneurs, executives, educators and investors for the growth and development of small, medium and large enterprises, emerging entrepreneurs and professionals. Membership in the USGEA gives individuals and organizations the opportunity to be part of a movement that is fostering an era of global connectivity. For more information on the USGEA please visit www.usgea.org.