Point Positive, Inc. with vetted entrepreneurs KLAW Industries and Just a Moment Music, held their bi-annual pitch session on October 28. The event was virtually held on Zoom at The Carry in Saranac Lake, with the help of Point Positive Coordinator Melinda Little and Maura Maguire from the Shipley Center at Clarkson.

The meeting contained 15 member investors, and began with a brief presentation from Kip Testwuide (The Vice-Chair of the Trudeau Institute Board) on the status of the Adirondack Health/Trudeau Institute High-speed COVID-19 Testing Lab Initiative, promising a tremendous resource for North Country businesses, schools, and universities.

Between each of the company’s pitches was a short, private investor discussion. The member investors will be completing a post-meeting evaluation sheet for each company, and if they are favorable, Point Positive will conduct an in-depth due diligence review of each company’s proposal and projected use of funds. A deal will then be created depending on the outcome of that review, and all Point Positive members and investors will have a chance to participate on an individual basis in the deal. Decisions to invest are not up to member investors, and the time commitment is dependent on preference. Members can lead, advise, mentor, or monitor and invest on their own individual basis.

Taking full advantages of zoom and other technologies, Point Positive will have the flexibility to accommodate the readiness of additional companies, who will be making their own pitches within the coming months, beyond the two events a year it typically organizes.

About the companies: 

• KLAW Industries is a multifaceted vennture that, through proprietary technology, is developing a sustainable concrete pozzolan made from recycled glass called Pantheo. Their technology is stronger than its competition and better for the environment and more economical for recycling plants and concrete manufacturers.
  • Presenters: Tanner Wallis, Jack Lamuralia, and Jacob Kumpon
• Just A Moment Music is a daily one-minute wellness music series designed to fit peacefully and effectively into people’s busy lives. The music moments support personal contemplative and spiritual practices, create a soothing, stress-reducing environment, and provide an anxiety-free foundation for mental health maintenance practices.
  • Presenters: Martha and Dennis Gallagher