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SuperSolutions CEO Darshan Karki and U.S. Bancorp's Thomas Mahowald MINNEAPOLIS, MN (October 11, 2004)- Milestone Growth Fund, the community-based venture capital fund created to facilitate and accelerate the formation of capital in ethnic minority businesses throughout Minnesota, is pleased to announce that Darshan Karki, SuperSolutions Corporation (SSC) founder and CEO, and Thomas A. Mahowald, Director of U.S. Bancorp's Mid- and Large-Cap Equity Research, have joined the Milestone Growth Fund Board of Directors. According to Milestone's President and CEO Esperanza Guerrero-Anderson, "Darshan is an experienced entrepreneur with knowledge as a former Milestone client and Thomas has extensive experience in the financial industry-both will be tremendous assets to our board." Karki is the founder and CEO of SuperSolutions Corporation, a specialized consumer lending solutions provider, which is based in Minneapolis . Its product Daybreak Lending Software is a complete package of loan processing software that automates lending from origination to servicing and collections. Daybreak is a fully Web-enabled client/server application that is scalable, user-configurable, and user-friendly. Numerous US financial institutions use Daybreak to manage consumer loans, including those for automobiles, recreational vehicles, boats, motorcycles, home improvement, home equity lines of credit, and other specialty finance requests. Mahowald, directs mid- and large-cap equity research for U.S. Bancorp. He has 15 years of financial industry experience and brings a background rich in equity research and analysis at American Express Financial Advisors, Northern Trust Corporation, and Northwestern Mutual Life Insurance Company to the Milestone board. He holds the Chartered Financial Analyst designation; is a member of the CFA Institute and the Twin Cities Society of Security Analysts. Mahowald received a B.S. in business administration from St. John's University and an M.S. in finance analysis from the University of Wisconsin-Milwaukee. Milestone Growth Fund is the only Minnesota nonprofit venture capital fund focused on providing equity-type financing to minority-owned companies. Since 1990, Milestone has financed 67 such companies with investments totaling more than $22 million. In addition to capital, the company provides management and technical services to enhance the value of the companies in which it invests . Licensed by the U.S. Small Business Administration, Milestone Growth Fund has clients that include such business success stories as Creative Kidstuff, iXmatch, Latino Communications Network, and SuperSolutions. Website: www.milestonegrowth.com For more information, contact: |
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