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University of Iowa News Release


Feb. 26, 2007

UI Student Entrepreneurs To Compete At State Business Plan Competition

Three University of Iowa student entrepreneurial teams have been selected to compete in the statewide finals for the Pappajohn New Venture Business Plan Competition Friday, March 2 in Des Moines.

The three UI teams that will compete are:

--John Mickelson, a student in the College of Law and Tippie MBA program, for his proposal for Alrac, a reverse mortgage provider for small and mid-sized banks.

--Jodi Blok and George Pfeiffer, both seniors, for their proposal for Shirt & Simple, a Web-based business designed to eliminate the money collection process for group custom apparel orders.

--Diana Reed, a senior and the Iowa Hawkeye Golden Girl, for her proposal for Diana's Divas, a baton and dance studio in Iowa City.

Sponsored by John Pappajohn, Equity Dynamics Inc., the Pappajohn New Venture Business Plan Competition is intended for Iowa university and college students with an interest in starting their own businesses. Plans are judged based on the plan's content and viability. Three $5,000 seed grants are awarded to the top three plans submitted.

The winning statewide plans will be determined after each school's teams give oral presentations to a panel of judges from Equity Dynamics at the Collegiate Entrepreneurs' Iowa Conference March 2 in Des Moines and announced that day.

STORY SOURCE: University of Iowa News Service, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

MEDIA CONTACT: Tom Snee, 319-384-0010,