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Venture Capital News: Gift Card Impressions Secures New Capital

2012-05-01
KANSAS CITY, MO, Industry leader in personalization solutions for the Gift Card Industry, announced it has secured new capital investment led by OpenAir Equity Partners.
Gift Card Impressions (http://www.giftcardimpressions.com), the industry leader in personalization solutions for the Gift Card Industry, today announced it has secured new capital investment, and formed its Board of Directors - two definitive steps to accelerate the company's growth plans. The company's new capital investment is led by OpenAir Equity Partners (http://www.openairep.com), a Kansas City-based private equity and venture capital firm focused on the wireless, communications and mobile Internet sectors.

The new Board of Directors participated in the capital raise and includes:

Scott Ford and Lance LeMay, partners with OpenAir Equity Partners. OpenAir is known for its expertise in incubating and nurturing successful wireless ventures and companies that deliver market-leading products and services, and has invested in companies such as wireless device recycling pioneer eRecyclingCorps and GoGo In-flight Internet.

Bart Glass, CEO, BHG Ventures LLC and former Global Managing Director, Technology Alliances, Accenture will serve as Vice Chairman of the Board continuing to add considerable expertise to GCI's digital online platform strategies.

Tom Grant, President and CEO of SelectQuoteSenior.com is a proven leader in building rapid growth companies such as LabOne, which became the largest medical diagnostic testing location in North America and was sold to Quest Diagnostics (the largest commercial medical diagnostic testing lab in the world), and Business Men's Assurance, which was sold to Generali, and is now one of the top reinsurers in the United States.

Alan Lowden, VP Perceptive Software, with demonstrated experience in platform integration to a diversified set of clients in a rapid growth environment.

John Novak, former President of Heartland Bank and Ash Grove Materials Corp. and an early supporter of Gift Card Impressions at the time of its founding.

Brett Glass, President and CEO of Gift Card Impressions stated, "We were fortunate to be able to hand-pick a select group of individuals with targeted expertise in areas of interest to the company."

Scott Ford, Managing Director of OpenAir Equity Partners added, "We are excited by the impressive progress that Brett and the GCI team have made and we look forward to participating as the company expands its leadership in the digital marketplace."

With the new funding and the wealth of cross-industry expertise on its board, Gift Card Impressions anticipates a continuation of its rapid growth, including initiatives such as planned rollouts of its new, patent-pending Gift Card personalization platform and expanding its core Gift Card packaging solutions found in major retailers.

Glass states "All Gift Cards, both physical and digital, need to create a stronger connection between the purchaser and the recipient, we are pleased to have the solutions to make the Gift Card a better experience for all parties, including the Consumer, the Gift Card Brand and the Retailer where the Gift Card is purchased."

For additional information, please contact Liz Trimble at 913-638-8952.

About Gift Card Impressions
Gift Card Impressions is a Kansas City based company focused on delivering Strategic Development, Agency Creative and Packaging Solutions to the Gift Card Industry. Gift Card Impression's clients include most major retailers and most major Gift Card Brands. The company has more than 45 patents pending or issued, and 35 trademarks issued or applied for. The company provides leading product solutions for both physical and digital gift card delivery. For more information, please visit http://www.giftcardimpressions.com

About OpenAir Equity Partners
OpenAir Equity Partners is a Kansas City-based venture capital and private equity firm specializing in capitalizing upon the massive market opportunities within the wireless, communications and mobile Internet sector. Over the past several years, its partners have achieved individual and collective success in private ventures, growth capital and leveraged buyouts, and managing private company investments. The management team is comprised of wireless pioneers and experts who combine deep industry knowledge and expertise with sound investment strategies. For more information, please visit http://www.openairep.com.
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