CHATTANOOGA, TN – Bo Ferger, Jeff Cole and Doug Johnson announced today the formation of Three Point Ventures, LLC., a mobile technology incubator. Three Point will create, incubate and fund portfolio companies within one of the fastest growing business segments. Currently in the process of fundraising Ferger explained, “Three Point’s unique approach is focused on helping entrepreneurs and young companies mature market-intrusive mobile concepts that will build solid returns for themselves and our investors.” The company’s exclusive focus on mobility reflects the market’s move to ubiquitous computing for business and consumer applications within the mobile space. Jeff Cole elaborated, “With the astonishing growth of smartphones as well as the phenomenal adoption rates across nearly every market segment – we have identified a number of growth opportunities within highly targeted business and consumer verticals. Further this market has realized little or no downturn from the current economic situation. On the contrary, sales of both hardware and software are up, and businesses are searching for mobile solutions to enhance their products and services, as well as reduce workforce and delivery costs.” Doug Johnson, head of technology for the firm stated, “The world has seen a major sea change in how people employ technology. The mobile phone is not a cell phone but a mobile computer that happens to include the ability to make a phone call. Consumers and businesses alike are employing these devices in nearly every environment for communication, utility, business, social, and entertainment tasks that in the past were relegated to their computers.” Three Point Ventures will be headquartered in Chattanooga and will work with entrepreneurs across the country and around the world. Ferger explained, “We cannot think of a better business and technology climate than our home town.” Doug continued, “We all have worked all over the world and throughout the U.S. and when it comes to great talent and an unsurpassed quality of life – there is no place like Chattanooga.” … For more information contact Jeffery Cole at 423.903.6723 and/or visit Three Point Ventures at www.threepointventures.com.