True Entrepreneurial Spirit Earns WellDog Business of the Year Award
Laramie Economic Development Corporation awards WellDog the 2005 Small Business of the Year Award and says WellDog is the ’poster child’ for business development
Laramie, WY (PRWEB) June 24, 2005 -- WellDog, Inc., a Wyoming-based energy
technology company, has been awarded the 2005 Small Business of the Year Award
by the Laramie Economic Development Corporation (LEDC).
LEDC, an
investor-based, non-profit organization dedicated to growing jobs in the Laramie
area, accepts nominees for the award from the member businesses. The final vote
is conducted by the 28 members of the Board of Directors. Criteria for the award
includes: businesses in operations for two years or more who have made a
contribution to the community as well as experienced favorable improvement in
number of employees, revenues and financial condition. Additionally, LEDC looks
for companies who have shown advanced entrepreneurial skills through
innovation.
"WellDog is really the ‘poster child’ for the type of company
we feel represents Laramie’s continued economic development," said Timothy
Stamp, president of LEDC. "We partnered with WellDog almost five years ago and
have been impressed with their growth and development. We see them as a company
that will not only advance technology in the natural gas industry, but also as
one that provides an environmentally friendly service – that is an unusual
combination."
"Our board thinks very highly of WellDog,” said Gary
Negich, chairman of the LEDC board and president of First Interstate Bank in
Laramie. “They started as someone’s great idea with nothing to go on but brains
and hard work. It was germinated here, came from the University of Wyoming, and
the brain power came with John Pope and his associates. For us, they represent
what can happen if you come to Laramie. They are true entrepreneurs – and even
in their early stages they were heavily involved in economic development."
“We are honored to receive this award and truly appreciate the support
we have received over the years from LEDC,” said John Pope, CTO and founder of
WellDog. "Laramie has been a great place to grow a strong business. "
About WellDog, Inc.
Founded in 1999, WellDog, Inc. develops chemical
sensing technologies for natural gas exploration and production. WellDog®
services give coalbed natural gas developers the information they need to
produce more gas, more quickly, with less environmental impact. These services
support coalbed natural gas, an industry that has been identified as the fastest
growing sector of natural gas production in the U.S. For more information, visit
http://www.welldog.com.
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Source : http://www.prweb.com/releases/2005/6/prweb254293.htm