The Skinny: Kineta began as a project funded by Kent State University to help local businesses. Its spin-off from the University made local headlines - this release provided the details.

Style: Standard journalistic style - most important facts up front

Excerpt:

KENT INFOWORKS ANNOUNCES NEW NAME, SPIN-OFF FROM KENT STATE; BECOMES UNIVERSITY'S FIRST CORPORATE SPIN-OFF

Kent, Ohio (October 31, 2000) - With a high-profile client base and a black-inked balance sheet, Kent Infoworks - formed as a Kent State University-funded project to provide Internet-related assistance to local businesses - announces its spin-off from the University and its restructure as a private company known as Kineta Technologies, Inc. The move, effective November 1, 2000, makes Kineta the first successful incubator corporation of Kent State University.

"It's exciting to finally be in this position," said Lyle Barton, Kineta's director. "The University nurtured our early years - now it's time for our vision to take off even further."

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