American River Ventures Adds CFO

Ray Nunez has joined American River Ventures as chief financial officer. He previously was director of finance for law firm McDonough Holland & Allen PC.

PRESS RELEASE

American River Ventures, an early-stage venture capital firm that focuses on new technologies which support a sustainable future through energy efficiency, energy intelligence and advanced materials, today announced the appointment of F. Ray Nunez as Chief Financial Officer (CFO).

As CFO, Ray will be responsible for American River Ventures' accounting and finance functions, all facets of the firm's investment process, as well as working with portfolio companies to ensure financially sound business plans. In addition to his background as a Certified Public Accountant (CPA), Ray brings to American River Ventures over 20 years of experience working with both early-stage, venture-backed companies and high technology enterprises. Prior to joining American River Ventures, Ray was the Director of Finance at McDonough Holland & Allen PC, a leading Northern California law firm. He also spent over 16 years at Hewlett-Packard Co. in various senior finance positions as well as a product marketing manager for the HP OpenView services and software business.

“Ray brings a tremendous amount of talent and expertise to our firm. Ray's extensive operational and strategic financial experience will benefit our portfolio companies as well as American River Ventures,” stated Harry Laswell, Managing Director and Co-Founder of American River Ventures.

In addition to working at American River Ventures, Ray serves on the Finance Committee for the Sacramento Area Commerce and Trade Organization (SACTO), as a Founding Board Member and Treasurer for the Sacramento region's Financial Executives International (FEI) chapter, and as a Board member with Ronald McDonald House Charities Northern California. Ray received his BSC in accounting from Santa Clara University and his MBA in corporate finance from the UCLA Anderson School of Management.

About American River Ventures:

American River Ventures is an early-stage venture capital firm that focuses on emerging companies that provide a platform for a sustainable future through energy efficiency, energy intelligence and advanced materials. Founded in May of 2001, the firm offers entrepreneurs direct experience in the day-to-day realities of building great companies. American River Ventures' general partners have a solid blend of operating and management experience in both corporate and start-up environments — they have been directly responsible for successfully starting or running companies, developing new products, and growing companies into attractive acquisitions. Located in Sacramento, California, American River Ventures has $100 million under management. For more information, visit http://www.arventures.com or call 916-780-2828.