June 28, 2005 -- The MIT Enterprise Forum of Chicago today announced the appointment of Peter Balbus as its new chapter chairman.

Balbus is founder and CEO of integrated business & IT strategy consultancy Pragmaxis. He was previously vice president and GM of Booz Allen & Hamilton's Chicago regional e-business strategy and implementation group. He was also formerly a vice president at eXperience, the “brick and mortar” strategy consulting group at divine interVentures, a principal at CSC Index and a senior manager at KPMG Strategic Services. He earned his bachelors degree in chemical engineering from MIT and completed the University of Chicago’s executive program in corporate strategy.

The Chicago chapter of the MIT Enterprise Forum holds monthly events from September through June. In September 2005, the forum will kick off its new season with an expanded mission, a rejuvenated look, an expanded board of directors, new committees and advisory councils as well as a significantly enhanced volunteer staff.

About the MIT Enterprise Forum of Chicago
The MIT Enterprise Forum is a non-profit organization that promotes the formation and growth of innovative and technologically oriented companies through a series of specialized executive education programs. The forum provides networking, leadership opportunities and provocative new ideas to senior business leaders while showcasing MIT’s role in innovation and entrepreneurship in communities around the world.

The MIT Enterprise Forum was formed in 1978 and has 23 chapter organizations worldwide. Participation and membership is open to the general public.

More information about the MIT Enterprise Forum of Chicago can be found at www.mitefchicago.org

About Pragmaxis
Pragmaxis LLC provides high-impact management consulting and advisory services to executives responsible for driving business growth – especially through the pragmatic development and execution of technology- and intellectual property-driven business strategies.

The firm’s concentration areas include integrated business & technology strategy, indirect sales strategy and marketing automation, and technology commercialization.

More information about Pragmaxis can be found at www.pragmaxis.com