Hilo Maile Plant Production Company Takes First Prize in 2009 UH Business Plan Competition

HONOLULU, HI — The University of Hawaii at Manoa Shidler College of Business’ Pacific Asian Center for Entrepreneurship (PACE) announced the winners of the 2009 UH Business Plan Competition last night at The Plaza Club in Downtown Honolulu. More than $50,000 in cash and in‐kind prizes was awarded. Five teams competed in the final competition. The results are:

FIRST PRIZE – Ka Mahi‘ai Ihi o Wailea

$10,000 cash sponsored by Tradewind Capital Group and over $20,000 in‐kind gift package to Nolan Kido, Charles Rose, Kealii Lum, Kehaulani Lum and Richard Kido for the creation of the sole commercial venture in the State of Hawaii for the production and marketing of Hilo Maile.

Charles Rose, Kealii Lum, Richard Kido, Susan Yamada (PACE Director), Michael Steiner (team coach) and Kehaulani Lum

SECOND PRIZE – MB Therapeutics, Inc.

$5,000 cash sponsored by Tradewind Capital Group and over $8,000 in‐kind gift package to Chad Walton, Omar Sultan, Tarik Sultan, Tim Unten and Steve Managlia for a noninvasive, targeted drug delivery system to improve the treatment and quality of life of patients.

THIRD PRIZE – Technoalgae

$2,500 cash sponsored by HiBEAM and over $2,500 in‐kind gift package for an alternative energy company focused on technology development and advanced research in the field of microalgae‐based biofuel production.

For more information, visit www.UHBusinessPlanCompetition.com