Los Angeles, Nov. 1, 2004 - The California Investment Network Inc. today announced the launch of its website that matches California based entrepreneurs seeking capital with angel investors. The online matching service is the first of its kind for California.

The California Investment Network, found on the web at www.californiainvestmentnetwork.com, allows angel investors (wealthy individuals who invest their personal funds into early-stage firms) to register online free of charge to review investment proposals from California entrepreneurs. The service enables entrepreneurs to submit their investment proposals free of charge. Only when a match is made with a suitable investor, are the entrepreneurs required to pay a one-time fee of $199.

The California Investment Network was created to fill the needs of investment matching in the California marketplace. The company's principals have a diverse range of experience specializing in business acquisitions, government and information technology.

"As an entrepreneur, I recognized a need to create a forum to bring entrepreneurs and angel investors together for the benefit of both parties," said Anthony Rommens, Managing Director of the California Investment Network. "The website is a user-friendly and effective tool to either find money for your business or find an investment that suits your needs."

American angel investors invest more than $20 billion into small businesses annually. Even with this amount being invested, a common complaint by investors is that they cannot source enough opportunities. With current down turns in the stock markets, investors are becoming more concerned with where to put their hard earned money.

Entrepreneurs are voicing similar frustrations. There are over 24 million small and medium sized businesses in the US and banks are not nearly as open as they were a few years ago to financing these companies.

"This leaves a huge void in small business financing that the California Investment Network can help fill," added Rommens.

About California Investment Network Inc.

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The California Investment Network is a State-wide online matching service connecting entrepreneurs seeking capital with angel investors. The California Investment Network is the first of its kind for California to offer this format of matching. For more information go to www.californiainvestmentnetwork.com.

For further information: Media Contact: Anthony Rommens, Managing Director, California Investment Network Inc., arommens@californiainvestmentnetwork.com