Turkey's Pozitron wins the Global Business Plan Contest at Harvard Business School

Business Wire, Feb 5, 2008

BOSTON -- Pozitron, www.pozitron.com, a mobile and alternative communications solution provider based in Turkey, won the Global Business Plan Contest sponsored by the Harvard Business School's Entrepreneurship Club on January 27. It was the first contest of its kind that brought together a panel of judges from the venture capital and technology sectors including IDG Ventures Boston, HarbourVest, and Thomas Financial.

Pozitron's business plan, focused on its integrated mobile banking product, was chosen among a dozen of companies to represent Turkey. It then competed against several top firms representing Armenia, Colombia, Germany, Lithuania, and Mexico at the Global Business Plan Contest and secured first place after two rounds of deliberations.

"Mobile banking solutions are essential in our increasingly globalized world," says Pozitron CEO Fatih Isbecer. "As many people are starting businesses or doing trade, communications is an essential part to help them grow. We're deeply honored that Harvard Business School chose our firm among a stellar group as having enormous potential."

"This is the hallmark of high-impact entrepreneurship," said Linda Rottenberg, Endeavor Co-founder & CEO, "We're proud to have Pozitron among an innovative group of Endeavor Entrepreneurs who are creating new breakthroughs that are improving their communities."

About Pozitron

Pozitron is an R&D focused enterprise communications solution company taking tremendous strides in innovation and development in the mobile industry. It develops new technologies which makes wireless experiences more enjoyable and powerful. Pozitron created the first mobile banking application for Turkey's largest bank, Turkiye Is Bankasi. Founded in 2000, Pozitron provides professional service and solutions to meet the demands of its customers. It is a principal partner of Sun Microsystems. In June 2007, Pozitron was invited to join Endeavor's network. Endeavor is an internationally acclaimed non-profit transforming the economies of emerging markets by breaking down barriers that prevent emerging-market entrepreneurs from reaching their high-impact potential.

Everyday, over 100,000 users enjoy Pozitron's mobile applications and more than 250,000 people communicate through Pozitron's solutions.

About Endeavor

Hailed by NYT columnist Thomas Friedman as the "mentor capitalist" model, Endeavor identifies entrepreneurs leading high-growth innovative companies in emerging markets. As of January 2007, Endeavor Entrepreneurs throughout Latin America, South Africa and Turkey have created 79,000 new jobs and generated over $1.9 billion in revenues. Endeavor plans to launch operations in Egypt and India in early 2008. For more information, visit www.endeavor.org