Neubloc Offers New Software Product Development Investment Program to Help Investors Significantly Reduce Cash Burn
San Diego, CA - November 10, 2008 - Neubloc, a US-based global software product development
services and consultancy provider, has launched a new investment program for investor portfolio
companies to lower cash burn by 50 to 70%. Propelled by recent economic pressures that face angel and
venture capital backed companies, Neubloc now offers critical onshore and offshore software development
services for cash and equity payments with dual benefits of significantly reducing costs and lowering
requirements for immediate cash expenditures.
The Neubloc investment program enables companies to hunker down and weather the current economic
environment where cash is king. Many software companies' single largest cash expenditure is human
resource costs associated with R&D. Neubloc reduces the rate of spending and need to utilize cash
reserves between time periods of capital investments by providing critical software development resources
for equity. The cash-to-equity ratio varies per client.
"Neubloc has decided to take a decidedly contrarian view to the current mood of economic doom and gloom
and help companies manage through challenges," says Armando Viteri, CEO and president of Neubloc.
"We believe now is the greatest opportunity to invest in early and growth stage companies and our program
provides an extension of resource and investment capital to allow companies to thrive and prosper."
Angel investment groups and ventures capital firms can partner directly with Neubloc to take advantage of
the equity financing options or recommend individual software companies in their portfolio to participate in
the program. US-based Neubloc manages a full range of product develop services that is geography
independent. Neubloc is focused solely on software development and specializes in understanding the
complexities of software development for companies in all stages from startup to turnaround. Neubloc has
multiple development centers in the US, Central Europe and Latin America.
About Neubloc. - Neubloc LLC, is an international software product design and development firm that
helps clients produce market-driven products, from strategy to execution and maintenance using onshore
and offshore resources. Offerings include Product Design and Development, Rightsource Roadmaps, and
startup Virtual Design and Engineering Departments (VDEDs). Neubloc is geography independent,
specializing in a Rightsource model by coupling the best of US-based consulting, design, architecture,
engineering and project management. Neubloc has two US, three Polish and two Latin American
development centers providing critical mass in scalability, technologies and headcount using a "follow the
sun" business model leveraging a 24-hour work day. To learn more, please visit www.neubloc.com
Media Contact:
Jamie Glass
Email: jamie@artfulthinkers.com
Phone: 602-369-5537
