During Economic Downturn, MWCN Helps Businesses Learn to Thrive Through Networking

SALT LAKE CITY, Jan. 13, 2009—MountainWest Capital Network today announced the appointment of Lex W. Watterson as President of the networking organization devoted to supporting entrepreneurial success. Watterson becomes the first full-time president in the organizations history—an organization devoted to fostering business growth. www.mwcn.org

“We are very pleased Lex is joining MountainWest Capital Network,” said Devin D. Thorpe, of Mona Vie and MWCN outgoing president and chairman. “His years of entrepreneurial and business experience will greatly enhance the achievement of the goal of the organization, which is to foster the flow of financial entrepreneurial and intellectual capital through networking.”

Watterson will be responsible for all aspects of the organization including operations, sponsorship recruitment, membership attainment, and networking activities that foster synergistic relationships.

“I am extremely honored to serve at this time as MountainWest Capital Network’s president,” said Watterson. “At a time of economic hardship only the best businesses thrive. MWCN members learn how to avoid mistakes which can lead to failure and learn how to enhance business performance by associating with the most innovative, entrepreneurial and financially connected business people in Utah.”

As a consultant at the Covey Leadership Center, and later as President and owner of Great Basin Consulting, Watterson helped individuals and organizations significantly improve their personal and leadership effectiveness.  He is acknowledged in Stephen Covey’s international bestseller, The Seven Habits of Highly Effective People, and taught the Seven Habits and Principle Centered Leadership to executives and corporations around the world.  He made significant contributions to the sales and marketing strategies that helped the Covey Leadership Center grow from 10 employees to a $100 million value preceding its merger to become Franklin-Covey.

In his real estate career, Watterson was responsible for the purchase of the Tooele Army Depot, one of the largest commercial transactions in Utah for 1999, and had successful real estate development projects in Utah and Colorado.

Lex attended the University of Utah and received an MBA emphasizing Organizational Behavior from Brigham Young University.

About MountainWest Capital Network
The objective of the MountainWest Capital Network, based in Salt Lake City, is to support entrepreneurial success and foster business growth through networking activities which foster synergistic relationships, by educating and mentoring one another in innovation and excellence, by identifying and reporting on the dynamic flow of information about business growth through capital formation and distribution, and recognizing and rewarding performance. It is Utah’s first and best business networking organization devoted to supporting entrepreneurial success. MWCN accomplishes this through signature activities and events, such as the Entrepreneur of the Year, the Utah 100, real-time Deal Flow reporting and recognition, and presentations by industry experts. www.mwcn.org

The MountainWest Capital Network has been growing for years and has now reached an important milestone:  the group is now seeking to hire a full-time paid president to lead the organization.  This will create a stronger more vital organization and allow us to better execute our strategy for supporting the deal community and fostering entrepreneurship in Utah.

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