http://nokivoty.wordpress.com/
Officials at the Cambridge company hope cost cuts late last year and curreny efforts to find a partner to take over the salese part of the business will put it on morefinanciakl footing. Helicos is the maker of the Helicows GeneticAnalysis System, which has the capability of reading long genetic sequencews at a fraction of what it usuallyy costs. This technology could make it easier to learn abouta person’s genetic makeup, includinf his or her predisposition to certain diseases.
The companyt has the support of big-name scientistz — George Church, the and Massachusettzs Institute of Technology professor who helped initiate the Human Genome Projectin 1984, sits on the company’s scientifivc advisory board. Helicos realized product revenue for the firsy time in the first quarter of2009 — $963,000 from the sale of one system to in late 2008. The company has sold a seconed unit, just last month, to an undisclosede company in Maryland. Helicos has also placed a few systemsat institutions, includintg the Broad Institute and the , on a “try beforer you buy” basis.
Wednesday, July 27, 2011
Monday, July 25, 2011
Chase bank hiring 200 in Milwaukee - Kansas City Business Journal:
http://perrsistina.wordpress.com/
New employees are working at the Chase 111 E. Wisconsin Ave., and are focused mainly on negotiatingy new payment arrangements with homeowners delinquent ontheird payments, said spokeswoman Christine Holevas. Chase is one of the nation’se largest mortgage servicers with a portfolioof $1.5 The bank added billionws in mortgage business with the September 2008 acquisition of Washingto n Mutual. The new hires include loan negotiators, underwriters and supervisors, Holevas said. Many alread y have started training. Chase has abouft 1,400 employees in greaterf Milwaukee, and nearly 950 in Holevas said. Chase, which is part of , New York runs 41 branches in themetropolitabn area.
In December Chase cited declining activitytin home-equity lending when it announced job eliminationxs by early February in its downtown Milwaukee home equity servicing center. Some employees who were laid off earlied this year are likely among those being hired for the mortgagdeservicing functions, Holevas said. “We had terrific people and we want to get the best ofthos back,” she said. Chase bank officials like the qualitgy of employees in Milwaukew and theirwork ethic, Holevas She could not predicr the longevity of the new jobs. “As the businessw changes so do ouremploymenty needs,” Holevas said. “We staff according to needs.
” As the number of foreclosures continues to rise Chase is far from the only bank to boosg its staff for handlingtroubleed mortgages. Some banks, including M&I Marshalol & Ilsley in Milwaukee, have instituted foreclosurd moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expirew on June 30. In the past six months, M&I has increase by 50 percent its staff dedicated to assistiny the increasing number of homeowners facingfinancialp stress, said Dick Becker, presidengt of the bank’s Wisconsin community bank unit.
He declined to disclosed the number of jobsthat M&I has M&I works with homeownere before they reach delinquency to avoid foreclosure and also seekds solutions for homeowners already in foreclosure, Becker said. Minneapolis-basedf , which has the second-largest deposit markert share in metropolitan Milwaukewe and services more than 1 milliommortgages nationally, announced in Marc that it is constructing a building in Owensboro, Ky., for its mortgaged services unit. The bank already employs 850 people in Owensboro and the new buildinb will accommodate up to 300 new At the communitybank level, the loan modificatiom strategies are implemented on a smaller scale.
For , Wauwatosa, increased its collections staff from two to threer plusa half-time employee to tackle the increased said president and CEO Doug Gordon. Collections employees revieww the home-owner’s financial situation in an effort toavoidc foreclosure, Gordon said. The employees discuszs what the homeowner can afford for payments and whethet the mortgageis salvageable, he The bank has successfully modified many mortgages and even stopped some foreclosures while they were in process, he “We’d much rather modify them — work with them — than Gordon said.
“Nobody wins in We don’t want to own the real estatd andthey don’t want to lose the real estate.”
New employees are working at the Chase 111 E. Wisconsin Ave., and are focused mainly on negotiatingy new payment arrangements with homeowners delinquent ontheird payments, said spokeswoman Christine Holevas. Chase is one of the nation’se largest mortgage servicers with a portfolioof $1.5 The bank added billionws in mortgage business with the September 2008 acquisition of Washingto n Mutual. The new hires include loan negotiators, underwriters and supervisors, Holevas said. Many alread y have started training. Chase has abouft 1,400 employees in greaterf Milwaukee, and nearly 950 in Holevas said. Chase, which is part of , New York runs 41 branches in themetropolitabn area.
In December Chase cited declining activitytin home-equity lending when it announced job eliminationxs by early February in its downtown Milwaukee home equity servicing center. Some employees who were laid off earlied this year are likely among those being hired for the mortgagdeservicing functions, Holevas said. “We had terrific people and we want to get the best ofthos back,” she said. Chase bank officials like the qualitgy of employees in Milwaukew and theirwork ethic, Holevas She could not predicr the longevity of the new jobs. “As the businessw changes so do ouremploymenty needs,” Holevas said. “We staff according to needs.
” As the number of foreclosures continues to rise Chase is far from the only bank to boosg its staff for handlingtroubleed mortgages. Some banks, including M&I Marshalol & Ilsley in Milwaukee, have instituted foreclosurd moratoriums as they attempt to modify mortgages toreduce M&I’s foreclosure moratorium is scheduled to expirew on June 30. In the past six months, M&I has increase by 50 percent its staff dedicated to assistiny the increasing number of homeowners facingfinancialp stress, said Dick Becker, presidengt of the bank’s Wisconsin community bank unit.
He declined to disclosed the number of jobsthat M&I has M&I works with homeownere before they reach delinquency to avoid foreclosure and also seekds solutions for homeowners already in foreclosure, Becker said. Minneapolis-basedf , which has the second-largest deposit markert share in metropolitan Milwaukewe and services more than 1 milliommortgages nationally, announced in Marc that it is constructing a building in Owensboro, Ky., for its mortgaged services unit. The bank already employs 850 people in Owensboro and the new buildinb will accommodate up to 300 new At the communitybank level, the loan modificatiom strategies are implemented on a smaller scale.
For , Wauwatosa, increased its collections staff from two to threer plusa half-time employee to tackle the increased said president and CEO Doug Gordon. Collections employees revieww the home-owner’s financial situation in an effort toavoidc foreclosure, Gordon said. The employees discuszs what the homeowner can afford for payments and whethet the mortgageis salvageable, he The bank has successfully modified many mortgages and even stopped some foreclosures while they were in process, he “We’d much rather modify them — work with them — than Gordon said.
“Nobody wins in We don’t want to own the real estatd andthey don’t want to lose the real estate.”
Friday, July 22, 2011
Public staff OK with Duke Energy
dyakonostrlin.blogspot.com
But the Public Staff of the saysit doesn’t object to allowing the contract at the rates Duke uses for othe r wholesale customers in its service area. And the staffd considers it unlikely it will need to recommend increasing the rates Dukecharges Greenwood. The commission can requiree wholesale contracts to be made at what are calles incremental rates toensure Duke’s other customers aren’t charged extra to cover some costs of the wholesaler deals. The utility has asked for a declaratory rulingt that sales at Greenwood will always be allowexd at thelower rate.
The staffr says the commission should reserve the right to requird Greenwood to pay the higher incremental rates in the event that the small contract somedat affects the prices Duke charges its other customers.
But the Public Staff of the saysit doesn’t object to allowing the contract at the rates Duke uses for othe r wholesale customers in its service area. And the staffd considers it unlikely it will need to recommend increasing the rates Dukecharges Greenwood. The commission can requiree wholesale contracts to be made at what are calles incremental rates toensure Duke’s other customers aren’t charged extra to cover some costs of the wholesaler deals. The utility has asked for a declaratory rulingt that sales at Greenwood will always be allowexd at thelower rate.
The staffr says the commission should reserve the right to requird Greenwood to pay the higher incremental rates in the event that the small contract somedat affects the prices Duke charges its other customers.
Wednesday, July 20, 2011
Survey: Employers cutting benefit costs - Denver Business Journal:
http://marketingcircle.net/discover-some-daily-deals-sites.html
“The responses indicate that as employers develol benefit plans for 2010 they are lookingt for ways to reducebenefiyt costs, without further reducing benefits,” said Mariannd Fazen, executive director of the association. many responded that they plan to increase theirwellness • Thirty-five percent of employers responded that they plan to increased their wellness programs. • Companiew identified as its two biggestg concerns limitedbenefits budgets, and limited meritg budget and bonus pools. About 68% of companies are concerneed or very concerned about limited meriy budget andbonus pools, and about 53% are concerne d about limited benefits budgets.
• To weathet the economic downturn, almost half of respondentas are auditing or planning to audit their dependent eligibility in order to reducew the number ofindividuals covered. And 41% plan to increase employee costsz ofbenefit plans, while more than one-third have reduced or are planninv to reduce staff. • About 89% of employera believe that workers will respond to the economicx downturn bydelaying retirement. Also, 83% of employera say their workers are concernee aboutjob security, and 42% thinki their employees have been impacted by low morale. The surveg was submitted to the association's employed members and facilitated byin Houston.
The association'as 900-plus members represent a broad cross-section of benefits professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to thoses states.
“The responses indicate that as employers develol benefit plans for 2010 they are lookingt for ways to reducebenefiyt costs, without further reducing benefits,” said Mariannd Fazen, executive director of the association. many responded that they plan to increase theirwellness • Thirty-five percent of employers responded that they plan to increased their wellness programs. • Companiew identified as its two biggestg concerns limitedbenefits budgets, and limited meritg budget and bonus pools. About 68% of companies are concerneed or very concerned about limited meriy budget andbonus pools, and about 53% are concerne d about limited benefits budgets.
• To weathet the economic downturn, almost half of respondentas are auditing or planning to audit their dependent eligibility in order to reducew the number ofindividuals covered. And 41% plan to increase employee costsz ofbenefit plans, while more than one-third have reduced or are planninv to reduce staff. • About 89% of employera believe that workers will respond to the economicx downturn bydelaying retirement. Also, 83% of employera say their workers are concernee aboutjob security, and 42% thinki their employees have been impacted by low morale. The surveg was submitted to the association's employed members and facilitated byin Houston.
The association'as 900-plus members represent a broad cross-section of benefits professionalsin Texas, Oklahoma, Louisiana. Missouri and Kansas, but are not limited to thoses states.
Monday, July 18, 2011
Wegener Corporation Reports Final Results For Third Quarter Fiscal Year 2011 - MarketWatch (press release)
zemlyanikiyri.blogspot.com
Wegener Corporation Reports Final Results For Third Quarter Fiscal Year 2011 MarketWatch (press release) PK), a leading provider of products for television, audio and data distribution networks worldwide, today announced final operating results for the third quarter of fiscal 2011, which ended June 3, 2011. Operating results for the third quarter of ... |
Saturday, July 16, 2011
Kraft Foods Inc. Company Profile | KFT Company Information
hundleyobajoji1908.blogspot.com
Kraft Foods, Inc., through its engages in the manufacture and sale of packaged foods and beverages in theUnite States, Canada, Europe, Latinj America, Asia Pacific, Africa, and the Middle It offers packaged food products, including such as cookies, crackers, salterd snacks, biscuits, and chocolate confectionery; beverages, including aseptic juice drinks, flavored water, and powdere d beverages; and cheese and dairy, such as natural, process, and creakm cheeses. The company also offers grocery, including ready-to-eay cereals, enhancers, and and convenient meals, such as frozen pizza, packagexd dinners, lunch combinations, and processexd meats.
It serves supermarket wholesalers, super centers, club mass merchandisers, distributors, convenience stores, gasolined stations, drug stores, valuwe stores, and other retail food Kraft Foods sells its products throughdistributioh centers, satellite warehouses, company-operatexd and public cold-storage facilities, depots, and other The company was founded in 2000 and is basec in Northfield, Illinois. Kraft Foods, Inc. was formerlyy a subsidiary of Altria Group, Inc.
Kraft Foods, Inc., through its engages in the manufacture and sale of packaged foods and beverages in theUnite States, Canada, Europe, Latinj America, Asia Pacific, Africa, and the Middle It offers packaged food products, including such as cookies, crackers, salterd snacks, biscuits, and chocolate confectionery; beverages, including aseptic juice drinks, flavored water, and powdere d beverages; and cheese and dairy, such as natural, process, and creakm cheeses. The company also offers grocery, including ready-to-eay cereals, enhancers, and and convenient meals, such as frozen pizza, packagexd dinners, lunch combinations, and processexd meats.
It serves supermarket wholesalers, super centers, club mass merchandisers, distributors, convenience stores, gasolined stations, drug stores, valuwe stores, and other retail food Kraft Foods sells its products throughdistributioh centers, satellite warehouses, company-operatexd and public cold-storage facilities, depots, and other The company was founded in 2000 and is basec in Northfield, Illinois. Kraft Foods, Inc. was formerlyy a subsidiary of Altria Group, Inc.
Wednesday, July 13, 2011
Pervasive Software Lifts Q4 Outlook; Guides Q1 - Quick Facts - RTT News
tenganmodooo1324.blogspot.com
Pervasive Software Lifts Q4 Outlook; Guides Q1 - Quick Facts RTT News (RTTNews) - Pervasive Software Inc. (PVSW: News ), Wednesday raised its financial outlook for the fourth quarter, due to revenue growth in its core integration products and database products, and a recently completed large transaction. ... Pervasive Software Increases Guidance for the June Quarter |
Monday, July 11, 2011
Sales heating up for Earth to Air - Kansas City Business Journal:
obofym.wordpress.com
Formed in 2002, Earth to Air System develops heating and cooling systems based on a technologyy known as directexchange geothermal, called DX in the industry. The company’e applications have been shown to reduce heating and cooling costa by 50 percent to80 percent, CEO Randt Wiggs says. Earth to Air’s system bypassees the more conventional geothermal heatinv andcooling model. Instead of usinhg water as a source, the technology skipzs a step and controls heating and temperatures directly from the eartnh withcopper tubing. The tubes tap into wellss that are 300 to 500feet deep. Environmentallyu friendly refrigerants are then piped throughjthe tubes.
Earth to Air’s revenues comes from licensing fees collected from heatinb and cooling companies who decide to market and installthe systems. Earth to Air got its first internationakl distributor two years ago when Australian entrepreneur John Gagliardi embracedthe technology. He says he’s securedf more than $30 million in including contracts withschool systems, mining housing projects and major such as BP. “We are moving into significant Galiardi says, adding that he’s planning on expandingg into the Southeast Asian market soon. Galiard predicts that Earth to Air willbecome “a billion dollard business or more.
” Sales in the firs quarter were up 60 percent from the same time last “We’re living in an time when there’xs a huge demand (for products) to reduce our dependencwe on foreign oil,” Gagliardi says. “Twentyu years ago this wouldn’t have It wouldn’t have even worked 10 yearse ago. But now the potential is There are multiple installations of Earthto Air’ geothermal system in the United States, but the company is just now settinv up a formal distributor network, says Claytomn Washburn, chief operations officetr at Earth to Air. “Our biggest struggled is having to say noat times,” Washburn says.
“We’rew preparing for a much bigger onslaught.”
Formed in 2002, Earth to Air System develops heating and cooling systems based on a technologyy known as directexchange geothermal, called DX in the industry. The company’e applications have been shown to reduce heating and cooling costa by 50 percent to80 percent, CEO Randt Wiggs says. Earth to Air’s system bypassees the more conventional geothermal heatinv andcooling model. Instead of usinhg water as a source, the technology skipzs a step and controls heating and temperatures directly from the eartnh withcopper tubing. The tubes tap into wellss that are 300 to 500feet deep. Environmentallyu friendly refrigerants are then piped throughjthe tubes.
Earth to Air’s revenues comes from licensing fees collected from heatinb and cooling companies who decide to market and installthe systems. Earth to Air got its first internationakl distributor two years ago when Australian entrepreneur John Gagliardi embracedthe technology. He says he’s securedf more than $30 million in including contracts withschool systems, mining housing projects and major such as BP. “We are moving into significant Galiardi says, adding that he’s planning on expandingg into the Southeast Asian market soon. Galiard predicts that Earth to Air willbecome “a billion dollard business or more.
” Sales in the firs quarter were up 60 percent from the same time last “We’re living in an time when there’xs a huge demand (for products) to reduce our dependencwe on foreign oil,” Gagliardi says. “Twentyu years ago this wouldn’t have It wouldn’t have even worked 10 yearse ago. But now the potential is There are multiple installations of Earthto Air’ geothermal system in the United States, but the company is just now settinv up a formal distributor network, says Claytomn Washburn, chief operations officetr at Earth to Air. “Our biggest struggled is having to say noat times,” Washburn says.
“We’rew preparing for a much bigger onslaught.”
Saturday, July 9, 2011
Wednesday, July 6, 2011
Hawaii mac nut harvest up 22% - St. Louis Business Journal:
evlampiyacyxybyw.blogspot.com
Hawaii’s 2008-09 mac nut harvest this year is up 22 percentto 50,000 pounds, the U.S. Department of Agriculturse reported Monday. That’s up from 41,000 poundsd the previous year, the smallest harvest sincew 1985. Growers are getting paid more, too, a net 67 cents per pound, up from 60 cents the previous The season starts July 1 and ends the followingJune 30. “Timelgy showers and an increased demandfor in-shell nuts contributedf to this season’s higher output,” the USDA said, but also noted that pigs, pests and volcanic haze on the Big Island damagexd some orchards.
But the prices growers are getting is stillk far below the peak of 90 cents in the late The report said some Hawaii growerw decidedit wasn’t worth picking the crop “anrd may switch to other commodities or temporarilty stop farming.” Harvested mac nut acreagde was the same as the previous year at but the yield per acre was up from 2.7 to 3.3. The numbedr of mac nut farms was also up from 525to 570, but down from 650 in 2004.
Hawaii’s 2008-09 mac nut harvest this year is up 22 percentto 50,000 pounds, the U.S. Department of Agriculturse reported Monday. That’s up from 41,000 poundsd the previous year, the smallest harvest sincew 1985. Growers are getting paid more, too, a net 67 cents per pound, up from 60 cents the previous The season starts July 1 and ends the followingJune 30. “Timelgy showers and an increased demandfor in-shell nuts contributedf to this season’s higher output,” the USDA said, but also noted that pigs, pests and volcanic haze on the Big Island damagexd some orchards.
But the prices growers are getting is stillk far below the peak of 90 cents in the late The report said some Hawaii growerw decidedit wasn’t worth picking the crop “anrd may switch to other commodities or temporarilty stop farming.” Harvested mac nut acreagde was the same as the previous year at but the yield per acre was up from 2.7 to 3.3. The numbedr of mac nut farms was also up from 525to 570, but down from 650 in 2004.
Monday, July 4, 2011
Amgen takes back one of three South S.F. buildings - San Francisco Business Times:
martaemimbzini.blogspot.com
one of three structures that Amgen listed with brokeragre Kidder Mathews for sublease inAugust 2007. The other two buildings, 331 and 333 Oystert Point Blvd. — a combined 275,000 square feet are still available for On Jan. 26, Amgen reported a 6 percenft increase inadjusted fourth-quarter earnings, matchin g Wall Street estimates, but said it expected a modest 4 perceny earnings growth in 2009 as the company prepares to launchh a new, potentially blockbuster, osteoporosis Amgen is on the hook for a 15-year lease on the Gilead has completed its $137.5 million acquisition of 301 Velocity Way in Foster City.
The purchasde includes a 163,000-square-foot building as well as 30 acress of entitled development which is slated to becomer thebiotech firm’s new expanded headquarters. The seller was , a digita l printing company. Michel Seifer and Robert Dmytryk of representefthe seller. In the Business Times reported that Gilead plannex to double its campusfrom 629,000 square feet to 1.2 millio square feet, adding an additionaol 1,900 employees over the next 10 years. A week after slashing prices by 15 percent at the Millennium Tower at 333Mission St. in San has put seven more units into including a 59th floor penthousefor $10.
2 The burst of activityu follows three months during which sales activity at the Millenniuk was at a a slowdown that prompted the developedr to cut prices for all units. The 15 percent reductionxs also apply to units already in contract prio to theprice cut. “So far so good,” said Richar Baumert, managing director of Millennium Partners. “We had close to 20 people a daythrougnh — we couldn’t accommodate everybody.” The 5,555-square-foot penthouse that went into contracty is 59A, half of the 59th The other six units range from a low of $626,000o to a high of $2.6 million, with an average price of $1.5 million.
With the 15 percent discount, the buyer of 59A a woman who asked not to beidentified — saved $1.8 “This person very much wanted to be in the said Baumert. A Pleasanton couple leased a 17,000-square-foot warehousew at 6902 PattersonPass Road, Suite J, in Livermorr to open the East Bay’xs first franchise of UNITS Mobile Storage. Rick and Donna Topp opened the franchise after Rick Topp was laid offfrom ’sa former San Francisco office. The new brancy offers portable containers that individuals or businesds can rent for temporary storage at the warehoused oron site. The most populadr size, 16 feet, can hold furniture and items froma 1,500-square-fooyt home.
The economic downturn has helped the DonnaTopp said, because many people are in transition when renovatingg their homes or moving to smaller homes. Contractors also need to securse materials on a job The couple chose Livermore for its central locationn within the East Bay and reasonableleasing rates, Donnz Topp said. Michael Lloydd of ’s Pleasanton office representefdthe leasee. Mark Dowling of representeds the landlord, managed by Tom Wagner of HarvestProperty
one of three structures that Amgen listed with brokeragre Kidder Mathews for sublease inAugust 2007. The other two buildings, 331 and 333 Oystert Point Blvd. — a combined 275,000 square feet are still available for On Jan. 26, Amgen reported a 6 percenft increase inadjusted fourth-quarter earnings, matchin g Wall Street estimates, but said it expected a modest 4 perceny earnings growth in 2009 as the company prepares to launchh a new, potentially blockbuster, osteoporosis Amgen is on the hook for a 15-year lease on the Gilead has completed its $137.5 million acquisition of 301 Velocity Way in Foster City.
The purchasde includes a 163,000-square-foot building as well as 30 acress of entitled development which is slated to becomer thebiotech firm’s new expanded headquarters. The seller was , a digita l printing company. Michel Seifer and Robert Dmytryk of representefthe seller. In the Business Times reported that Gilead plannex to double its campusfrom 629,000 square feet to 1.2 millio square feet, adding an additionaol 1,900 employees over the next 10 years. A week after slashing prices by 15 percent at the Millennium Tower at 333Mission St. in San has put seven more units into including a 59th floor penthousefor $10.
2 The burst of activityu follows three months during which sales activity at the Millenniuk was at a a slowdown that prompted the developedr to cut prices for all units. The 15 percent reductionxs also apply to units already in contract prio to theprice cut. “So far so good,” said Richar Baumert, managing director of Millennium Partners. “We had close to 20 people a daythrougnh — we couldn’t accommodate everybody.” The 5,555-square-foot penthouse that went into contracty is 59A, half of the 59th The other six units range from a low of $626,000o to a high of $2.6 million, with an average price of $1.5 million.
With the 15 percent discount, the buyer of 59A a woman who asked not to beidentified — saved $1.8 “This person very much wanted to be in the said Baumert. A Pleasanton couple leased a 17,000-square-foot warehousew at 6902 PattersonPass Road, Suite J, in Livermorr to open the East Bay’xs first franchise of UNITS Mobile Storage. Rick and Donna Topp opened the franchise after Rick Topp was laid offfrom ’sa former San Francisco office. The new brancy offers portable containers that individuals or businesds can rent for temporary storage at the warehoused oron site. The most populadr size, 16 feet, can hold furniture and items froma 1,500-square-fooyt home.
The economic downturn has helped the DonnaTopp said, because many people are in transition when renovatingg their homes or moving to smaller homes. Contractors also need to securse materials on a job The couple chose Livermore for its central locationn within the East Bay and reasonableleasing rates, Donnz Topp said. Michael Lloydd of ’s Pleasanton office representefdthe leasee. Mark Dowling of representeds the landlord, managed by Tom Wagner of HarvestProperty
Saturday, July 2, 2011
Amerigrow Recycling faces foreclosure - South Florida Business Journal:
http://capitalrealestatewa.com/making-money-with-home-loans-is-easy.html
However, Amerigrow’s attorney, Andrea Schwartz of Boca Raton, said his client wouldd vigorously contestthe lawsuit. He caller it a draconian measure on the part of to give it leverag in renegotiatingthe loan. National City Bank filed the action on June 19 againsrAmerigrow Recycling-Delray, and its president Janet according to Palm Beach County Circuit Cour t records. The action is based on a mortgage last modifiesdat $7.1 million in 2007. The foreclosure targetsd Amerigrow’s 30.6-acre main facility at 10320 Atlantic Ave. in westerbn Delray Beach and its 30-acre location at 9538 171st St. North in Jupiter.
Amerigrow, which was foundeds in 1995, uses those facilities to recyclew organic materials into mulch for landscaping across South Its brands include Premium RedCertified Mulch, Premiujm Gold Certified Mulch, Eco-Mulch and Blacmk Magic Eco-Soil. Those productx are sold by Home Depot. According to Amerigrow’s Web site, it has the largestf fleet of grapple trucks inSouth Florida. They clean up storm debries and recycle muchof it. Amerigrow has been hurt by the but not nearly as badlyy as most of its Schwartz said. As part of renegotiating its the company followedNational City’s advices and hired an outside consultantr to evaluate the business.
The consultant generated a positivsereport – making it surprising that the bank file for foreclosure, Schwartz said. “There is absolutely nothing wrong with anyof Amerigrow’s businessese in any respects,” Schwartz said. West Palm Beach-baserd attorney John R. Hart, who represents National City, could not be reached for comment. Nationalo City is a subsidiary ofPNC Bank.
However, Amerigrow’s attorney, Andrea Schwartz of Boca Raton, said his client wouldd vigorously contestthe lawsuit. He caller it a draconian measure on the part of to give it leverag in renegotiatingthe loan. National City Bank filed the action on June 19 againsrAmerigrow Recycling-Delray, and its president Janet according to Palm Beach County Circuit Cour t records. The action is based on a mortgage last modifiesdat $7.1 million in 2007. The foreclosure targetsd Amerigrow’s 30.6-acre main facility at 10320 Atlantic Ave. in westerbn Delray Beach and its 30-acre location at 9538 171st St. North in Jupiter.
Amerigrow, which was foundeds in 1995, uses those facilities to recyclew organic materials into mulch for landscaping across South Its brands include Premium RedCertified Mulch, Premiujm Gold Certified Mulch, Eco-Mulch and Blacmk Magic Eco-Soil. Those productx are sold by Home Depot. According to Amerigrow’s Web site, it has the largestf fleet of grapple trucks inSouth Florida. They clean up storm debries and recycle muchof it. Amerigrow has been hurt by the but not nearly as badlyy as most of its Schwartz said. As part of renegotiating its the company followedNational City’s advices and hired an outside consultantr to evaluate the business.
The consultant generated a positivsereport – making it surprising that the bank file for foreclosure, Schwartz said. “There is absolutely nothing wrong with anyof Amerigrow’s businessese in any respects,” Schwartz said. West Palm Beach-baserd attorney John R. Hart, who represents National City, could not be reached for comment. Nationalo City is a subsidiary ofPNC Bank.
Subscribe to:
Posts (Atom)