Winners of the 2008 Cincom and University of Cincinnati Spirit of Enterprise MBA Business Plan Competition Announced

Market Wire, March, 2008

The University of Michigan (UM) took 1st place at the 2008 University of Cincinnati (UC) Spirit of Enterprise MBA Business Plan Competition, winning the Cincom Systems Spirit of Enterprise $10,000 Champion Award and an automatic invitation to the 2008 MOOT Corp Super Bowl of World Business Plan Competition with over $100,000 in total prizes at stake. Indiana University, University of Oregon and University of Wisconsin won awards in the Final Four Championship Round.

The UM team of Angelo Adams, Ambra Heard, Sherman Powell, Parren James, and Ben Kozma presented their business plan titled ArmyProperty.com , a military inventory tracking system, to an esteemed panel of bankers, venture capitalists and business leaders in a hotly contested and well-fought battle of ideas from some of the best and brightest in top collegiate North American business schools.

Entrepreneurial Battle of Ideas

The 2008 UC Spirit of Enterprise MBA Business Plan Competition, hosted and sponsored by Cincom Systems, is an invitational forum for next generation entrepreneurs to "road test" business-venture concepts -- ideas that may have a powerful effect on business and the world.

The 2008 Competing Teams

-- Indiana University

-- Kennesaw State University

-- Loyola Marymount University

-- University of Arkansas

-- University of Cincinnati

-- University of Georgia

-- University of Illinois - Chicago

-- University of Louisville

-- University of Manitoba

-- University of Michigan

-- University of Oregon

-- University of Wisconsin

-- Wake Forest University

-- Washington University - St. Louis

Awards were also given for best exhibit, best technology plan and the taxi/limo competition:

2008 UC Spirit of Enterprise Winners

Best Exhibit Awards

3rd Place ($150) - U of Oregon

2nd Place ($200) - U of Illinois Chicago

1st Place ($400) - Loyola Marymount U

Best Technology Plan Award $1,000

University of Wisconsin - Madison

Faculty Advisor: Phil Greenwood

Team Members: Tyler Leeper

Business Plan: ProactiCare, LLC

Concept Focus: Patient monitoring system

Taxi/Limo Round Award $1,000

University of Illinois - Chicago

Faculty Advisor: Dr. Rod Shrader

Team Members: Darius Kaulius, Gokul Kumar, Thomas Triantafillou

Business Plan: Bioregenix Corp.

Concept Focus: Heart muscle tissue regeneration technology

Championship Round Awards

Third Runner-Up Championship Round Excellence Award $500

University of Oregon

Faculty Advisor: Don Upson

Team Members: Andrew Earle, Bill Sedlak, Cody Stavig, Peter Vomocil

Business Plan: TakeShape, LLC

Concept Focus: 3-D body scanner

Second Runner-Up Queen City Angels First Fund Award $2,000

Indiana University

Faculty Advisor: Dr. Donald Kuratko

Team Members: Justin Chafe, Andrew Vincent, Stephen Wolff

Business Plan: Adora Interactive Corporation

Concept Focus: Integrated e-commerce and social networking

First Runner-Up Championship Round Spirit Award $3,000

University of Wisconsin - Madison

Faculty Advisor: Phil Greenwood

Team Members: Tyler Leeper

Business Plan: ProactiCare, LLC

Concept Focus: Patient monitoring system

2008 Sponsors: Cincom Systems, Inc.; Meridian Bioscience, Inc.; Queen City Angels; Fort Washington Capital Partners and The Ohio Capital Fund; CincyTech; Keating Muething & Klekamp LLP; Greater Cincinnati Venture Association; River Cities Capital Fund; and Cincy Magazine. Limos provided by Executive Transportation.

Cincom Systems , one of the world's largest independent software companies, celebrating its 40th year of operations, hosted and sponsored the 2008 Annual University of Cincinnati (UC) Spirit of Enterprise MBA Business Plan Competition, on Thursday, February 28 and Friday, February 29, 2008.

About the UC Center for Entrepreneurship Education and Research (E-Center)

Founded in 1997 by Dr. Charles H. Matthews, the E-Center's vision and mission is to "...create gateways and remove barriers to entrepreneurship…" and provide a state-of-the-art entrepreneurship curriculum and research base not only for potential student entrepreneurs and scholars, but also for people in the many organizations that interact with small, entrepreneurial and family-owned businesses on a daily basis. The University of Cincinnati has been ranked as one of the top 50 programs for entrepreneurship in the U.S. by Success magazine and one of the top programs in the U.S. (Entrepreneur Magazine) in 2003, 2004 and 2005.

For more information:

Charles H. Matthews, Ph.D.

Executive Director, UC Center for Entrepreneurship Education & Research

Professor of Entrepreneurship & Strategic Management

College of Business

University of Cincinnati

Phone: 513-556-7123

Email: charles.matthews@uc.edu

About Cincom

Cincom develops, delivers and supports innovative software and services to simplify complex business processes. For 40 years, Cincom has enabled thousands of clients worldwide to increase revenue, control cost, minimize risk and achieve rapid ROI.

Cincom serves clients on six continents including Citibank, Boeing, Ericsson, Penn State University, Milacron, Siemens and Trane. For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info@cincom.com , or visit the company's website at www.cincom.com .