Wellspring FV LLC was founded in April, 1999 by Michael Shoemaker & Roy Smith. Michael A. Shoemaker Managing Principal e-mail: mas@wellspringfv.com Shoemaker has specialized in technology management and investment capitalization for nearly 20 years. He was founder of Wellspring FV's predecessor, Wellspring Partners, Limited. Wellspring Partners was an investment/merchant banking firm specializing in joint ventures, strategic partnerships, technology transfer, mergers, acquisitions and investment capitalization of technology based businesses. Prior to founding Wellspring, Shoemaker served as founder and Chief Executive Officer of Falcon Enterprises, Inc., an electronics manufacturing services company specializing in military and high reliability commercial surface mount technology, where his microelectronics manufacturing techniques brought him national recognition. He has served as Director of Manufacturing for Laser Communications, Inc., a venture capital-backed free air laser communications company in Lancaster, Pennsylvania. Shoemaker helped found and runs the Lancaster Angel Network, that has made more than $5 million in investments in early stage companies since its beginning in January 2000. Shoemaker was recently the President of the Ben Franklin Venture Investment Forum of Central PA and is a member of the mentor's committee, prescreening and counseling presenters for this organization. He has served as Secretary and member of the Board of Directors of the Technology Council of Central PA. He previously served as on the board of directors of the Ben Franklin Technology Partnership and as president of the Philadelphia Chapter of the Surface Mount Technology Association for two years, and as its Membership Committee Chair for one year. He is also an active member in various other nonprofit organizations throughout the central Pennsylvania region.

Michael Shoemaker, a principal with Tancaster-based venture-capital firm Wellspring FV, said there are plenty of investors out there, but companies must aggressively seek funding from the right sources.That's the norm, he said. "Investors are not chasing companies around," Shoemaker said."They're usually beating them back with a stick."

Wellspring FV Corporation was founded in April, 1999 by Michael Shoemaker, Roy Smith & Daniel McGuire.Michael A. Shoemakere-mail: mas@wellspringfv.comMike has specialized in technology management and investment capitalization for over fifteen years.He was founder of Wellspring FV's predecessor, Wellspring Partners, Limited.Wellspring Partners was an investment/merchant banking firm specializing in joint ventures, strategic partnerships, technology transfer, mergers, acquisitions and investment capitalization of technology based businesses. Prior to founding Wellspring, Mike served as founder and chief executive officer of Falcon Enterprises, Inc., an electronics manufacturing services company specializing in military and high reliability commercial surface mount technology, where his microelectronics manufacturing techniques brought him national recognition.He has served as director of manufacturing for Laser Communications, Inc., a venture capital-backed free air laser communications company in Lancaster, Pennsylvania. Mike currently serves as President of the Venture Investment Forum of Central PA, a division of the Susquehanna Alliance, and is a member of the mentor's committee, prescreening and counseling presenters for this organization.He has served as Secretary and member of the Board of Directors of the Technology Council of Central PA.He previously served as on the board of directors of the Ben Franklin Technology Partnership and as president of the Philadelphia Chapter of the Surface Mount Technology Association for two years, and as its Membership Committee Chair for one year.He is also an active member in various other nonprofit organizations throughout the central Pennsylvania region.