DriveCam Video Systems Selected by California Venture Forum to Present at May Investment Conference
SAN DIEGO--May 8, 2001--DriveCam Video Systems, an innovator in vehicle safety systems, today announced that it has been selected by the California Venture Forum to present at its May Investment Conference.One of 15 selected companies, DriveCam Video Systems will showcase its business before an audience of potential investors in the 14th semi-annual event to be held at the Phoenix Club in Anaheim, Calif. on May 17, 2001.
DriveCam Video Systems develops vehicle safety products that improve driver and traffic safety. Based in San Diego, the company's DriveCam video event recorder is part of a complete Driving Feedback System used by commercial fleets to promote safety and reduce accidents.
The system includes the DriveCam data event recorder, a palm-sized video recorder mounted behind a vehicle's rearview mirror that captures everything a driver sees and hears in the 20 seconds before, during and after an unusual driving incident. The Driving Feedback System has been proven to reduce operating and insurance costs for commercial fleet operators.
"We were happy to hear we had a winning business plan and were selected to present at the investment conference," said Ed Andrew, president of DriveCam Video Systems. "With over 1,500 units already installed in vehicles, we have a proven technology that provides a good opportunity for potential investors."
Since 1994, the California Venture Forum has created a venue for start-up and emerging companies to meet potential investors, with the last nine investor forums enabling companies to raise more than $80 million in investment money and more than half of all companies acquiring funding since its inception.
Additional information on the California Venture Forum is available at www.calventureforum.org. For further information about DriveCam Video Systems, visit its Web site at www.drivecam.com.