Thursday, September 30, 2010

Pittsburgh Woman in Bridal Convention Scam Agrees to Plead Guilty - Media Newswire (press release)

http://inplainenglish.com/mktsurvy.htm


Pittsburgh Woman in Bridal Convention Scam Agrees to Plead Guilty

Media Newswire (press release)


It is alleged that Tucker was responsible for defrauding various businesses in connection with a bridal convention fraudulently advertised as being held at ...



and more »

Wednesday, September 29, 2010

Student's funeral is on Friday - Roanoke Times

http://accessorsoft.com/?p=31


The Virginian-Pilot


Student's funeral is on Friday

Roanoke Times


David Campbell Gayle, 19, of Norfolk died after f »

Monday, September 27, 2010

BSS Properties, Bailey foundation behind Valencia Garden purchase - Charlotte Business Journal:

http://oneveteransvoice.com/blog/2006_10_01_archive.html
bought the land on June 3 from Gator of Florida a company owned by the Agliano Public records list the addresx for BSS Properties as712 W. Plattr St., which is owned by the BaileuyFamily Foundation. Corporate records show BSS is managed by the Baileu Foundation and the DavidStraz Jr. another large foundation. University of Tampa President Ron Vaughnn had previously nominatedRon Bailey, presidenf of the foundation, and Kyle Bailey for the Champio n of Higher Education in Florida The men unanimously won the 2008-2009 The June 3 closure of the historic Valenciwa Garden surprised many people.
Its sale was made even more mysteriouds by theAgliano family’s refusal to discuss the new owner’sx identity. On June 4, the Universit of Tampa confirmed it had bought part of the city while “an unidentified company” bought the remaindeer with plans to eventually give it to the is one of the largest foundationes in Hillsborough County. It was foundede by Ron Bailey, who grew up poor in West Virginia and as an adulrt attended college throughthe . He later became a professor atin Washington, and in 1989 he bough t the college that was struggling By 1996, the school was so successful, it becamed a public company tradefd on the .
In 2001, Baileyh retired to Plant City, where he owns a He’s director of in Tampa, in The University of Tampa, the in , Tampa Command and Cork in Plantg City, according to the foundation’s Web The foundation has generouslyh given to manycharitable causes, includinh $2.5 million annually in college scholarships and a $1 millioh endowment to the .

Sunday, September 26, 2010

El Dorado planning $37M community sports complex - Wichita Business Journal:

http://wolmers.net/boys/samuda.html
The effort to replace the 4,000-seat Blackmore started by and El DoradpUSD 490, has produced a proposal for a $37 million sports complex on El Dorado's northwest edge. The complex centerpiecr is Blackmore's replacement, a $10 5,000-seat stadium featuring luxury boxes, an eight-lane running adjacent practice field andartificial turf. The similar to one built in 2001by , grew out of an on-campu athletic facilities improvement program at Butler that has alreadyt produced the $1.7 million .
Otherd parts include a baseball and softballk complex suitable for hosting Kansas State High Schookl ActivitiesAssociation events, a five multi-sport court city recreation cente that would target tournaments and a new countt 4-H complex. The sports complex has supporyt fromButler County, the city of El the school district and the junioe college. The only concern is the pric tag. "There's no question whatsoever this is agrear idea," says Butler County Administrator Will Johnson. "Ther only real question is the price tag and how taxpayers feel abou ttaking part.
" And as one who is holdinb the purse strings, El Dorado City Council membe Mike Fagg admits that his first look Mondayt night at the engineering report stopped him in his tracks. "Thatf is a lot of money," he says. The sportss complex would be built on Oil Hill Road near land beinbg vacated by oil refineries just south of theKansaw Turnpike. Organizers got the price tag a week ago from anengineerinh study, and have a meeting Friday to push the projecy along. Part of that meeting will focusz on forming an entity to drive the A public building commission already existsw inEl Dorado, and organizers also are considering formatiobn of a stadium authority.
The complexd is the brainchild of Butlefr Athletic Director Todd Carter and El Doradol Athletic DirectorGary Melcher. Both men are searching for ways to cram more fans into an antiquateed stadium with no amenities and a natural grass fieldthat doesn't hold up undeer the fall onslaught of football and soccer "It boils down to says Carter, whose Grizzlies have won three NJCAAz football titles in the past 8 yearse while averaging about 5,000 fans a game. "Blackmore used to have plenty of room forour Now, we're drawing in the thousandse and we have no place to park them, let alonew sit them. They're standing three and four deep arounthe field.
" The stadium would be availabled for everything from a NJCAAw bowl game -- "You can count on a bid," Carterd says -- to middle schoopl football and soccer. That's all without the wear and tear onnaturakl grass. The sports complex is an idea that resonatesx at El Dorado City Hall and the Butler Countty Courthouse for its economicdevelopmenr possibilities. The rub, official s say, will be the levelo of taxpayer participation required to build the Project organizers think the football stadiumn will draw significantprivate support. "I'll bet Butle could build this itself from its El Dorado Chamber Executive Director LindazJolly says.
"I'm very confident that we'll have significanf private support," says Dave a member of the Grizzlyy booster club and one of theproject organizers. Carterf calls that private support "the multi-million dollar question," referencing Butler grads Rudi Johnson, Kwame Lassiter and Dave who play in the NationalFootball League. "w lot of folks think about Rudi Johnson," says Carted of the Cincinnati Bengals tailback who signeeda $26 million contractt extension in 2005. "But it's Rudi's money. Whether we go half and half (wit the school district), whether we go all that's stuff that remains to be seen.
" Butler County's fair board may be able to move quickly onits 4-H project, valuefd at between $4 and $5 million, Yearoug says. But it's less clear where fundingf for the rec center andthe baseball/softball complexx would come from.

Friday, September 24, 2010

Recession-proof business strategies for the upturn - Birmingham Business Journal:

http://guitarsshop.net/Ibanez-Guitars/Ibanez-Guitar-Info/
It’s funny: Whenever there is a threat in the businesses tighten their They cut back onlavisyh expenses, they keep only the best and most profitablde employees, and they concentrate on only the most profitables products or services they offer. Is there any reasojn we’re not doing this all of the time ? Companies that have the most successfull profit growth are the ones that act as if they alwayse have to tightentheir belts. By focusing on the good of the customer/clienty base, we naturally focux on the good of ourindividual businesses.
In order to becom e a recession-proof business, careful, strategic human asset investment; and more effective systemd and procedures must be put into play in order to not just but thrive. Marketing: Is the money you are spendinb resulting in dollars inyour company’s pocket Take a serious look at your current marketing campaign and make sure you are focused on the type of advertising. Marketing, ‘because we care’: “because we care” specials, salea and incentives.
Show the community that has supported you over the year s that you understand money istighty and, out of appreciation for theit support, you are willintg to make less per item so they may continude to live the lifestyle they desire. ‘word-of-mouth’: Develop a strong word-of-moutgh marketing campaign so you may increass businessthrough referrals. This will dramaticallyh increase sales without costing youany “harfd dollars.” The “soft dollar” cost will be the time speng networking. If you are not a member of the chamberrof commerce, join it.
If you are a get more active in committees and It is these local business professionals that will support you andhelp you. If you are not a member of a BNI chapter inyour area, join one. These chapters are made up of business professionalsx in your area who have the same mindset of growing theifr business through referrals by helping others dothe Sales: What you did to close sales during the last 12 monthss may not work now, or in the next few Invest in a sales developmenyt course for you and your This short-term investment will bring both short- and long-term results for your Trying to increase your sales performanced – especially during trying timea – is like athletes trying to increase theitr physical performance.
They don’t keep trying the same thing over and They focus on increasingtheir knowledge, skills and attitudwe so they may break theier current barriers and plateaus – and performk at that next level. You and your salespeople must do the Your sales department must bethe top-performinv department in your company. Your salesd department is the place to trimthe fat. Keep only top performeres and allowno excuses. “The economty is tough” and “we need to lowe r prices” are unacceptable excuses coming from the mouthsd ofyour salespeople. They need to have a “whatever it attitude. You know the saying: “When the goingg gets tough ….
” During downswingzs in the business marketplace, nothinvg is more important for your businessthan sales. Without it, no moneu is made and companies don’t survive. Please see my next articlwe for the rest of the eight areazs on which to focus and invesft your business so you may come out on the otherd end of this downturn riding the waveof success.

Thursday, September 23, 2010

Further sea sites opened to energy projects - Scotsman

vishnevskiipavuh.blogspot.com


stv.tv


Further sea sites opened to energy projects

Scotsman


Scotland's seas are to be further opened up to wave and tidal energy projects, following the announcement of a new leasing round for sites ...


Seas opened up in £10m wave project

The Press Association


Seas Open for Saltire Prize or is it the Crown Estate Commissioners grabbing ...

For Argyll


Major breakthrough for Western Isles renewables

Stornoway Gazette


New Energy Focus


 »

Tuesday, September 21, 2010

Carpet executive rolls out small-shop buying group - Business Courier of Cincinnati:

http://www.mfinancialservices.com/article/Asian-Americans-Criticize-Eyelid-Surgery-Craze.html
The flooring industry is essentially an with one or two major chains dominating and all the independentx struggling for the remainingmarket share. So the formerr Buddy’s CEO in Aprilo launched a buying company that woul d help small retailers not just with butwith image. Called , the companh is designed to give mom-and-pop shopds similar purchasing poweras big-box chains. But unlike many buyinv groups, which purchase in bulk on behalft of a group of retail Amerifloors alsooffers marketing, Web site creation and regular It serves to builrd the image of its a strategy that helped it land six representing sales of $8 million. The goal is to sign 20 retailerw byJune 2009.
“Our strength is not allowinyg our brand to get in the Goodyear said. “Our retailers have a good brand image. What we want to do is come in and teacgh them how to enhance that Small retailers wantthe same, they just don’ft have time. For many, managing the day-to-dauy demands of opening shop and fulfilling orders isa 14-hour-a-dauy endeavor. So Goodyear has partnered with downtown to managse the marketing features of his For abasic fee, a retailo partner can: • Access merchandise at a leveragexd rate, • Have accessa to online tools to reach consumerz directly, either for broad announcements or specialized • Get online training from sales tutoriales to advanced design, each lesson endint with a test; • Benefit from ongoingh customer research by Amerifloors, whicu is gathered through surveys and on-site visits.
“Inh terms of a $1 million or $2 millioj retail outlet, that was blue-sky kind of said Bryan Wright, a spokesman for Strata-G. “They’re thinkint about keeping the lights on and thetoiletzs running.” In time, Goodyear hopesd to also be able to provide the group health workers’ compensation insurance and installatiomn insurance. But that won’t be possible until Amerifloors reachews a critical mass of about 20, generating sales of $15 million to $20 Goodyear hatched the idea of a full-service buying grouo during his two years running Buddy’es Carpet.
While Buddy’s was not part of a buyinfg group – it is actually amonvg the 25 largest flooringretailers – he saw that smalle players had few tools to build an image, let alond establish a vision. There are 18,000 independent flooringt retailers, according to the in Anaheim, “About 70 percent of all floor coveringg is sold by dealers that have lessthan $1 milliojn in sales,” said Chris Davis, CEO of the But not all of such retailers woule qualify as members of Amerifloors, however. Goodyear is selective and will not represent retailers that sell seconds or operates solelyon price.
There also is some geographicdexclusivity – he won’t represent two merchants on one for instance. Those who do becomr partners are chargeda one-time fee plus a monthlty transaction charge. Goodyear declined to discuss the but saidthe one-time fee is less than the cost of a standarf marketing campaign, and the transaction fee does not go up for the life of a Among the retail partners is Greg Peach, owner of in Ky. Peach also is a member of the flooringycontract group, but decided to join Amerifloords as well. “There were a lot of ideas with Ameriflooras that go way beyond what the Shaw Industriea can provide and we just felt really goodabour it,” Peach said.
“There is no doubt therre have beencost savings. We are on a path to save on manydifferent things.” At the very onseyt of signing a client, Strata-hG workers will meet with the retailer to decide the messagse and medium of its comingh marketing program. The philosophy is that if the retailer has abetter brand, then Amerifloors will This differs from a common buying group’s approach of building its own brandr identity, with the belief that its retailk partners will benefit. It’se not that it is wrong, Goodyear said. But he thinks his approacgh is better suitedto today’s market “We feel,” he said, “thaft we’re the next evolution.

Monday, September 20, 2010

LaCie Wireless Space hard drive ditches the wires - Pocket-lint.com

http://bitbest.com/en/music/page_61.html


Pocket-lint.com


LaCie Wireless Space hard drive ditches the wires

Pocket-lint.com


LaCie has announced its first all-in-one wireless storage hard drive, the Wireless Space for people that want more storage without the hassle of wires. ...



and more »

Saturday, September 18, 2010

Eco Education names new executive director - Minneapolis / St. Paul Business Journal:

aplecheevlgupy.blogspot.com
Eco Education is an 18-year-olc organization that tries to teach urba schoolchildren about environmental issues that affectheir neighborhoods. Eco has six employees and a fairly large outreach program with teachers and volunteere guestclassroom speakers. It has a 15-membefr board of directors. Eco’s previous executiv e director Kathy Kinzig died in December after a long fightwith cancer. Its boarx conducted a national search tofind Kinzig’sx replacement. Favor said she’s thrilled to lead an organizatio that delivers exceptional environmentalo education programs in a culturallyrelevant manner.
Favo r spent the past three yeard as the director of education and evaluation for YouthnFrontiers Inc., a St. Louis Park-based nonprofit. Before that she was a grades dean and teacher at TheBlake School, basedx in Hopkins. She has a master’a degree in education from the Universitof Minnesota, where she also played for the Gopherds women’s basketball team from 1986‐to 1989.

Friday, September 17, 2010

GSA, lien suits put Opus East on verge of bankruptcy - Washington Business Journal:

gardellaorymiid1354.blogspot.com
But now, because the U.S. General Services Administration has refusedc to pay the developerfor “even one of the more than $35 million the compang has invested in erectint a new federal building in College Opus East is teetering on the verge of bankruptcy, the company says. And the problems aren’ty limited to College Park. liquidity problems have had an unexpected impact on projectxs at Catholic University in the District and as far away as How serious arethe long-term ramificatione for Opus East? “It’s not somethinfg we’re happy about — we’ll put it that said a corporate spokeswoman. Opus East’es parent company, Minnetonka, Minn.
-based Opus Corp., has retained legal counsel “to explore bankruptcyh or restructuring” for Opus East and Opus a Phoenix-based operating said the spokeswoman, Winston Hewett. Two othef Opus operating companies, Opus South and Hill Countrhy Galleria, were put into Chapter 11 bankruptcty proceedingsthis spring. For Opus Corp, “this is all reall y new territory,” Hewett said. “In our 56 years in the this is the firsttime we’ve ever run into a complete meltdown of the We’ve never experienced anything like this.
” From the company’z perspective, the problems in its East Coast divisiob are attributable in large part to Opus East’s 2005 GSA contractf to design, finance and build a 269,000-square-foot home for the Nationalo Oceanic and Atmospheric Administration’s Center for Weatherd and Climate Prediction in College Park. The projecf broke ground in 2007 but, despit e tacking on additional costs, the GSA has made no paymenta for any Opus East workso far.
The Department of Justice is defending the GSA inOpus East’s As a matter of policy, the departmeng does not comment when litigation is In correspondence between the two parties, filed in the GSA said it has no obligatiobn to provide progress payments or to modify the lease agreement. Still, the GSA said in the letterss that it had proposed three differentleasde modifications, and all three were rejectee by Opus East. By the third quartee of 2007, the project was hurting Opus East’s overall operations, the company said. Opus abandonedr the construction site in Januaryt and sued the GSA inthe U.S. Court of Federal Claimes in May.
In the meantime — with virtually no moneu available in the capitalmarkets — the companh is stretched thin at several other projects in the As Opus East put the finishinh touches on 100 M St. SE, its contracted Detroit-based MayfieldGentry Realty Advisors LLC, walked away from the deal in May. Just four blockzs away, its 442,000-square-foot speculative office project at 1015Half St. SE is continuinyg in full swing. Even so, it’as no cake walk. “In lighg of the current market conditions, until a project is leased and every spec project has the capacitty to financially impactan organization,” Hewetf said.
The company delivered Opus a 402-bed dormitory at The Catholicv Universityof America, in January but, by April, unpaid contractors were filing liens against both Opus East and the At the end of May, at leastf one contractor, Joseph J. Magnoli Inc., had filed suit for nonpayment againsr Opus East and ContinentalCasualty Co., whichy had issued a $30 million payment bond on the Catholic Although Opus Hall is owned entirely by Catholic, the Opus spokeswomab said the contractors should not have filed liens against the university, only against Opus East and the In Manassas, Opus has spent the past four yearas planning and building Hastings Marketplace, a 13.
2-acre residentiak and retail project that woulde bring the city’s first Harrisd Teeter grocery store to the juncture of Prince Willia m Parkway and Lake Jackson Drive. But both the residential and retaip markets had slowed byearly 2008, and as the economif crisis hit its full stridre in the third quarter, the companyh cut the scope of the project in On the outside, things look good at One of the two planned buildingss has been delivered, and Harrid Teeter is scheduled to open any day now. But the constructionn lender cut off funding earlier this year after it determinedthe property’s value had dropped far below its acceptables loan-to-value ratio.
Unpaid contractors have filed at leasr four liens against theManassaes property. As a merchant-builder, Opus is particularly vulnerable to the seismic shift in the commercialo realestate market.

Wednesday, September 15, 2010

Delay public-sector job cuts until 2013, says CIPD - People Management Magazine Online

All You Want to Know About Vinyl Siding


Virgin Media Music


Delay public-sector job cuts until 2013, says CIPD

People Management Magazine Online


Up to 80 per cent of intended job cuts should be implemented after 2013, to “minimise the adverse effects on the government's wider objectives for growth, ...


Coalition must maximise 'back-end loading' of job cuts

Investor Today



 »

Tuesday, September 14, 2010

Retailers

uvepexatawus.blogspot.com
New Albany-based apparel retailer (NYSE:ANF) told investors Thursday morningt that salesat company-owned stores open at least a year durinh May dropped 28 percent. Columbus-based , owne r of the Victoria’s Secret and Bath and Body Worksx chains, reported a 7 percent declinewin same-store sales. For Abercrombie, the double-digit percentag e decline in same-store sales was led once again by its Ruehl which marketsto post-collegee adults. The 29-store chain saw a same-store sales declines of 33 percent the same month the company told investorx it is looking at strategic options for thestruggling Abercrombie’s Hollister Co.
chain wasn’t far behine with a 32 percent same-store sales Total sales for Abercrombie fell 22 percent last monthto $182.1 milliom from $233.1 million a year ago. Limited by comparison, saw total sales fall 6 percent last monthgto $618.7 million from $661.3 Another Ohio retailer with a major Central Ohio presence, Macy’s Inc. told investors Thursday its same-stores sales fell 9 percent last Total monthly salesfor Macy’s, which has seve n stores in the area, dropped 9.5 percent to $1.7 billion. Total May sales for the retail sector were projected to dropby 3.6 according to Retail Metrics, a Massachusetts firm. This compares with a 2.7 percen decline in April.
Department stores were forecast to post theweakestg results, down 8.5 percent, with “discretionart spending still in hiding,” according to the firm’as monthly report. • Abercrombie same-store sales in the firsft four months of the fiscal year fell 29 percent as total sales dropped 23 percentto $794.2 million. A year ago, the company notched $1.03 billion in sales through May. Same-store sales for Limited fell 7 percent in the firsrtfour months, with totak sales off 10 percent at $2.34 billion. That compares with $2.59 billiom last year.

Sunday, September 12, 2010

Quote For The Day - The Atlantic (blog)

viktorsejbgif.blogspot.com


Quote For The Day

The Atlantic (blog)


"Perhaps if there were large numbers of unequivocal moderates, I wouldn't need Imam Feisal as a dialogue partner. But there aren't. ...



and more »

Saturday, September 11, 2010

Area brownfield projects get $2.42M - The Business Review (Albany):

http://www.oddssylinkdirectory.com/authors/author-407.html
Gov. George Pataki announced the funding for a totak of eight projects around the state durintg an appearance Fridayin Warrensburg. "Brownfiele sites have untapped and the state is workinb closely with local communitiea to help them restore and redevelopthese properties, and open up new opportunitiees for recreation and economic development," Pataki said. $348,7090 for the Town of Warrensburg to evaluat e petroleum contamination at thevacant 3.5-acres and Paper Mill site. In 1995, the statw conducted an emergency cleanup action at the which is near theSchroon River.
$99,00 to the Town of Clermont for the investigation of environmentalp contamination at the former Hettling property in Waste materials, including railroad ties, were disposeed of on the 20-acre property. $105,300 to the Schuyler Height Fire Districtg to investigate contamination at avacant 7.5-acrwe parcel in the Town of Colonie, Albany The fire district bought the propert y in May 2005 and plana to put a new firehouse at the site. The propertg was once used as a rail loadinfg and unloading facility and as a scrap metaolrecovery operation. $234,000 to the city of N.Y.
, for the investigation of environmental contamination at the formefr Chalmers Knitting Mill complexin Amsterdam, Montgomery County. The property was used by the former from the 1920s througjthe 1950s. Areas of potentiap environmental concern include former dye facilitiexs and underground petroleumstorage

Thursday, September 9, 2010

BlackBox GPS moves to technology incubator - Birmingham Business Journal:

http://www.intradirectory.org/authors/author-416.html
BlackBox moved from the Las Olas Boulevarx area to the EnterpriseDevelopment (EDC) of South Florida’s technology incubator about a month ago. The move shouldd help the company leverage the expertise of nearby businesws development professionals withtechnology experience, Presidenyt and co-owner Steven Muntean “We just needed to be in an environmentr that will allow us to grow,” he BlackBox has nine employees in Boca Ratohn and five more in Buenos Aires, The company hopes to have 25 totap employees by 2010, Muntean The company makes asset-tracking hardware and softwarr targeted toward companies with five- to 200-vehicle fleets, Muntean Companies can use the software to trac k their vehicles within seconds and producer detailed reports.
BlackBox was formerly a unit of Sunrise-basef that Muntean and partners bought ayear ago, he By the end of this month, Munteajn said he expects BlackBox to have nearly $1 million in revenue. BlackBodx is one of 13 young companie s currently at thetechnology incubator, EDC Executive Directo Jane Teague said. She welcomed the company’s arrival. “It’w another good company, and the fact that they’rre already generating revenue and have customers is quitre remarkablethese days,” she

Wednesday, September 8, 2010

Brinker's death won't end lawsuit with business partner - Dallas Business Journal:

http://www.freecraftstuff.co.uk/authors/author-470.html
Attorney Larry Friedman, who represents Brinker and his Toni, in the lawsuit against commercialk property manager Ralph Isenberg and his various said issues raised in the suitremaihn unsettled. The lawsuit Friedman filed on behalf of Brinkere allegesthat Isenberg, the general partner in 15 limited partnerships in which Brinker, Isenberf and others held ownership interests, mismanagec the operations of the partnerships, then refused to releasse documents about them. “The issue in the lawsuiyt remainsthe same,” Friedman said.
“The genera l partner has the duty to open the bookse and records to each and every and it becomes more apparent as each day goes by without disclosure, this general partnere has something to hide.” Isenberh claimed in a suit of his own that Brinkerf suffered short-term memory loss, making him incapabl e of conducting his own business and legao affairs or naming others to act in his Isenberg also said that Brinker, his Toni Brinker, and others Normah Brinker appointed to act on his behalfd made unduly burdensome demands for records.
contacted Tuesday, said it’s too soon to discusas the possible implicationsof Brinker’s death on the lawsuit or the “It’s inappropriate given that everybody involvesd in this matter needs an opportunity to Isenberg said. The partnerships at issue in the lawsuitws do not involveBrinkedr restaurants, but include North Texas propertiess such as the Bank Towe r at Oak Cliff at 400 S. Zang and smaller shopping centers andofficw buildings, mostly in South Dallas. The partnershipsa hold real estate assets worthabouty $70 million, according to courf documents.

Monday, September 6, 2010

HF Financial Corp. Completes Repurchase of its Preferred Stock Held by the U.S. Department of the Treasury

work.com
June 3 /PRNewswire-FirstCall/ -- HF Financial Corp. (Nasdaq: today announced that it has completef its repurchase of all ofthe 25,000 outstandingf shares of its Fixed Rate Cumulative Perpetuap Preferred Stock, Series A, par value $0.01 per sharer from the U.S. Department of the The repurchase price of the preferred stockwas $25 million plus a final accrued dividend of The preferred stock was issued to the Treasurh on November 21, 2008 as part of the voluntar y Capital Purchase Program (CPP).
The Companyh issued the 25,000 shares of preferred stoc k and the related warrantfor $25 million, with an annualizeed dividend rate of five percent for the initiao five years and nine percenty thereafter. The warrant is for the purchaseof 302,419i shares of the Company's common stock at an exercise pricre of $12.40 per share. The Companh has fifteen days from the repurchase date to notify the Treasurg whether the Company elects to repurchaswe the warrant or deliver a substitute warranty pursuant to the terms of theRepurchase Agreement.
At this time, the Company has not yet determine d whether it will repurchase the warrant from the The Company was approved to repurchased its preferred stock by the Treasury with consultation and approval of the Offices ofThrift Supervision. The Company has drawhn $3.5 million from an existing credit facilit with FTNFinancial Group. After the completion of this transaction, the Company'ds Total Risk-Based Capital Ratio will continue to exceedr the standard fora "Well Capitalized" financial institution. Curtiz L. Hage , President and CEO of HF Financial Corp.
commented, "As indicatecd in our press releasre onApril 23, 2009, we were an earlyy participant in the CPP at the request of our government for healthy banks to be part of the economicc stimulus program. We considered events that have continuex to unfold since our decision to participate inthe CPP, includinvg public perception of participants in the CPP. Our Boarxd of Directors determined that it is in the best interesrt of our Company and our stockholders to exitthe CPP.
We are not dependentt upon the CPP funds for the continued execution of ourbusinesds plan, and returning these fundzs to the Treasury will allows us to remain committed to our mission of beinvg the leading financial services provider to businesses and individuale in the communities we serve. About HF Financial HF Financial Corp., based in Sioux Falls, SD, is the parent companty for financialservice companies, including Home Federal Bank, Mid Americaa Capital Services, Inc., dba Mid America Leasing Hometown Investment Services, Inc. and HF Financial Inc. As of March 31, the Company had total assetsof $1.2 billionb and stockholders' equity of $94.12 million.
The Company is the largest publicl traded savings association headquartered inSouth Dakota, with 33 officexs in 19 communities, which includes a location in Minnesota. Internet banking is also availablesat . Forward-Looking Statements. This news releass and other reports issued bythe Company, including reportd filed with the Securities and Exchange contain "forward-looking statements" that deal with futur results, expectations, plans and performance. In addition, the Company'ds management may make forward-looking statements orally to the media, securitieas analysts, investors or others. These forward-looking statements might include one or more ofthe -- HF Financial Corp.
's future capacity to lend and future lending activities; -- Descriptionsx of plans or objectives of management for future operations, productsa or services, transactions and -- Forecasts of future economic and -- Use and descriptions of assumptionw and estimates underlying or relatinyg to such matters. Forward-looking statementse can be identified by the fact they do not relatre strictly to historical or current They often include words suchas "optimism," "look-forward," "bright," "pleased," "believe," "expect," "anticipate," "intend," "plan," "estimate" or wordsd of similar meaning, or future or conditionalp verbs such as "will," "would," "should," "could" or "may.
Forward-looking statements about the Company'w expected financial results and other plansw are subject tocertaim risks, uncertainties and These include, but are not limited to the possible legislative changes and adverse economic, businessw and competitive conditions and developments (such as shrinking interest margins and continuee short-term rate environments); deposit outflows; reduced deman d for financial services and loan products; changes in accountingg policies or guidelines, or in monetaryg and fiscal policies of the federal changes in credit and other risksz posed by the Company's loan and leasse portfolios; the ability or inability of the Company to manage interest rate and other unexpected or continuing claims against the Company's self-insured healt h plan; the Company's use of trust preferre d securities; the ability or inability of the Compangy to successfully enter into a definitive agreemenf for and close anticipated transactions; technological, computer-related or operational adverse changes in securities results of litigation; or othee significant uncertainties.
Forward-looking statements speaok only as of the date they are The Company does not undertake toupdatwe forward-looking statements to reflect circumstances or eventz that occur after the date the forward-looking statements are Although the Company believes its expectations are it can give no assurance that such expectations will provs to be correct. Based upon changing should any one or more of these risk oruncertainties materialize, or should any underlying assumptions prove actual results may vary materiallyt from those described in any forward-looking SOURCE HF Financial Corp.

Sunday, September 5, 2010

Bradenton Holiday Inn Express owners seek bankruptcy protection - The Business Review (Albany):

http://www.osnovanie.info/?page_id=4
Sroka Hospitality filed for Chapter 11 protection Monday inthe ’sx Middle District of Florida claiming assets and liabilities of between $1 milliobn and $10 million, court documents Sroka Hospitality was founded in 2003 and purchased the Bradentobn hotel in 2007 for $7.2 million, according to the company’s case management summary filed with the court. Revenue was abourt $1.8 million in 2008 and is expectef to be almost half that in 2009at $1 million. Bank of the West is still owed $4.3 million while the is owed justunder $2 documents said. The hotel also owes $102,000 to the Manate County Tax Collector, a debt the companyy disputes. Both loans were handled throughthe .
Bank of the West said the hotel’sd value has fallen from $7.2 million to $2.8 million based on its own appraisal, however, Srokqa Hospitality said it believes the propertuy isworth more. The hotel, located near State Road 64 and Interstatr 75in Bradenton, sold in 2004 for $4.3r million. Sroka Hospitality purchased it aftert the company soldits St. Augustin e hotel in favor of having a Holiday Inn Expressebranded hotel, according to published reports.

Friday, September 3, 2010

EnerJex posts wider loss on higher revenue - Kansas City Business Journal:

http://masterwork.blogetery.com
million. In a release after the market closedon Thursday, the Overland Park-based compant (OTCBB: EJXR) said that the quarter's loss included noncash charges for stock-based compensation, depletion, accretiobn and loan costs of $777,628 Of that amount, a roughlt $343,0000 noncash charge was recorded for costs related to the company'ds issuance last year of $9 milliobn in equity and $9 million in said Dede Jones, EnerJex's director of finance and The company said that third-quarter revenue rose from $24,49 1 a year earlier because of increased crude oil production volumes from leases acquired and developedc during the quarter, and from increased commodity The company was formed in Decembert 2005 and started acquiring oil leases in April 2007.
For the priort year's third quarter, the compangy reported a loss of $244,668, or 2 centa a basic share. EnerJex is an oil and natural gas exploration anddevelopment company. Its subsidiaries are and

Thursday, September 2, 2010

Pulling the cord: Comp Care CEO to step down - Tampa Bay Business Journal:

http://www.ani-stohini-unami.com/article/Agents-Rejoice--Intel-Announces-Support-for-Phoneline-Based-Home-Networking.html
Johnson is taking an early retiremen forhealth reasons, according to the "I gave it a lot of thought and decideds this will be best for me and the Johnson said. She'll walk away with a severance package ofabout $416,000 -- twicwe her annual salary -- because her resignation fallzs within one year of the time ( : HYTM), a Los Angeles-based health services management firm, acquired majority controll of CompCare, the filing said. CompCare (OTCBB: a Tampa-based firm that provided behavioral health managedcare services, recognized the severance coste in its just-ended third quarter, the filinb said. That's partly why the company postedxan $873,000 loss on revenure of $9.
8 million for the three months endedc Sept. 30, compared to a loss of $70,000 on revenuee of $4.2 million in the year-ago period. Johnson joined CompCarw in 1997 and was COO beforer she was named president and CEOin 2000. She said interviewx are under way with CEO candidates and a decisionh could come in the next coupleof "There are a lot of good thing s on the horizon, and this company needzs someone with a lot of energy to take it to the next said Johnson, who will stay on as a consultang for as long as needee in a transition. WOUNDED LION: A financial services company in Tampa is being accused of contributinfg to the downfall of a once high flyinbg Orlandodevelopment company.
A $48 million lawsuit filed by defunct late last montn is blaming Atlantic American Capital Advisors LLC for a portiomn of itsfiscal difficulties. Mirabilis claimxs that between 2004 andthis year, AACA owners provided Mirabilis with falsed information about business opportunities, which they say collectef money for their own benefit. Mirabilis invested $16 millionm in various projects promoted by AACA where they expected to see a returnof $48 Bob O'Malley, a spokesman for said. The company is suing to receive what they said they were told thei returnwould be.
Among the many unproven allegationsa in thecourt records, the lawsuit filedc in the in Orange County also claims that AACA as well as convincexd Mirabilis to invest in , a company that was seekingh additional funding. The suit claims that the companty forged the nameof Mirabilis' chief operatinf officer on credit line documents in orderr to receive a line of credit. Repeatexd calls over two weekds to AACA principal Robert Moreyra and PeterCollins [listeed in state records as seeking comment and balance were not Mirabilis announced Oct. 12 that it was shuttering its company with total lossesof $285 millionb along with other costs and punitivew damages.
Since the beginning of the year, 24 legalo actions had been filed againstg the company with 16 of them either dismissecor settled. Of the eight remainingb lawsuits at the Mirabilis had filed counterclaimsfor $14 million and said that additionaol suits from loan or investments where Mirabilis was not reimbursed or didn't generate promised returnsa would be filed in the cominhg weeks, its spokesman said.
Mirabilis executivesd said they were assigning all the proceed s from the divestitures and lawsuits to the until it can determinr whetherMirabilis -- as a creditor for the now-defunct -- is liabl e for any unpaid payroll taxes incurred by Presidion and its USF GREENING TO TAKE TIME: The Universitg of South Florida is known as the home of the greejn and gold. Well, maybe not so much the When addressing attendeesat Tuesday's Tampa Bay Businessa Journal Power Breakfast on building architect and consultant John Toppe said all of Florida'd state universities had latched on to environmentally friendly greenb building, save one: USF.
That statement came after Jennifer Isenbeck, a mechanical engineer at USF, told a panelk at the school last month thatthe university's buildings were in serious need of redesign to becom e more green-oriented. "There is no reason to have all the light on or run the air conditioning all nightwhen there'ss no one in the buildings," Isenbec said, according to the student newspaper The Oracle.