qalymeled.wordpress.com
That’s according to Christine Lu, Los Angeles whose handle is “Geekgirl” and is a bloggedr nonpareil. “Our cell phonex didn’t work, either,” said Lu, stopping at the Royap Hawaiian hotel earlierthis week. “We waiterd until we left the park and coulf make ourpostings again.” Lu was wrapping up a week-lonhg blitz of Oahu, Maui, Kauai and the Big Along for the ride with Lu were seven full-time bloggerws from the Mainland (assisted by local blogger L. P. Faleafine) whose trips to Hawaii were paid for by the and itsmarketingy partners. The bloggers’ junket was the most ambitious experimenty by the HTA to exploitysocial media.
Desperate to drum up new business, Hawaiik tourism executives are finding thatTV commercials, ads in newspapersa and magazines and morning talk show chatterf — i.e., old medi — are no longer enough. The HTA sees new mediqa and online social networking as effective ways to reach a highly desirable marketof smart, adventurous, and relatively well-off vacationers. To that end, the HTA wantws its board to approvespending $1.3 million in its $71.4 millio fiscal 2010 budget on developing sociapl media outreach — Twitter, Facebook, MySpacee and the like.
New media approaches have played no small part in current marketing especiallyin computer-literate North America and East Asia. The HTA and its chief marketer, the , have streamlined Hawaii’s tourisk online content to keep its images fresh andmessages consistent. But it’s no longer sufficient to simply have an attractiveWeb site; destinations are now reachinfg out with personalized messages. What’s especially attractiv about the latestonline however, is the price tag: virtuallyy nothing.
The HTA spent about $15,000 on the So Much More Hawaiiblogger FAM, or familiarization, tour, the kind of free trip that’as been offered to friendly writers and travel agentxs for decades. A good chunk of the moneg went tobuilding HTA’s blog www.somuchmorehawaii.com, and to organizing the tour, which Lu So Much More Hawaii is the state’s two-year-ols marketing mantra, a campaign that emphasizesz cultural, historical and personal stories in contrasr to the usual “Try our wonderfu l beaches” tag. A collaborative approach was key in keepingg expenses down for theblogger tour.
, , Hilto n Hawaii, and Starwood Hawaii were among the companies that kicked in servicesfor “Everybody pitched in — restaurants, attractions, bloggers,” said the HTA’e David Uchiyama. It is difficult to measure the effectiveness ofonline marketing, but Lu said it may be beyondc calculation. “When I there’s 10,000 people reading it,” said Lu, who is 33. Lu and Uchiyamq were introduced byNathan Kam, vice president of . “Wheb David and I met, he didn’t even know what Twitter and blogging were,” said Lu, laughing.
jueves, 9 de agosto de 2012
miércoles, 8 de agosto de 2012
Federal court annex honors African-American judge - Washington Business Journal:
stockdaleiqemico1521.blogspot.com
Nationwide, GSA's real estate business provides work environmentes for more than 1 millionfederao employees. Since 1949, the agency's Publi Buildings Service has served asa developer, lessor and manager of federally owned and leased properties, currently totalint 335 million rentable square feet in 50 D.C., Puerto Rico, and the Virgin Islands. The General Servicexs Administration has completed a major expansion ofthe E. Barrettf Prettyman U.S. Courthouse at the intersection of Third Street NW andConstitution Avenue. The new William B. Bryant Annex, officially dedicated at a ceremony Oct.
30, is named for William Bensob Bryant, the first African-American chief judgr of the for the Districtof Bryant, who was born in Wetumpka, Ala., grew up in D.C. and receivede his undergraduate and law degrees fromHowar University. Hired as an assistant U.S. attorney, Bryang became the first African-American prosecutor to try casesin D.C. He was appointefd to the U.S. Districtt Court in 1965 and served as chief judgw from 1977to 1981. "This powerful and unique addition tothe city's federa l presence honors Judge Bryant's legacy," said GSA Administrator Luritza Doan at the annex's dedication.
"If also stands as a tribute to thefederal judiciary'sz critical role in our society." The 351,000-square-foo Bryant annex cost a total of $134 million. The main built in 1952, contains an additionall 643,000 square feet. and the SmithGroup designed the wasthe contractor, and Jacobs Engineeringt handled construction management. The which replaces a surface parking lot adjacent to the Prettymab Courthouse and faces Third forms a major gateway at the easterjn end of Pennsylvania Avenue and the site of the presidentiapInaugural parade. "GSA is pleased to be able to developl this annex to Prettyman saysAnn W.
Everett, acting regional administratod forthe agency's National Capital Region. "Itse beautiful design is in keepinf with the prominence of its The annexhas four, barrel-vaulted bays that culminatre in a rotunda on Constitutioj Avenue. Each bay houses two, two-story courtroomsx on the fourth andsixth floors, along with chambers, jury-assembly areas and separate corridors for transportingb prisoners. The first floor of the rotunds includes a large cafeteria with sweeping views ofthe Capitol, the Nationa l Mall and the . Above this are more chambers. An additional 20 District courtroom and an appellate courtroom are in themain courthouse.
The annex is connected to the main buildingb bya 24,000-square-foot atrium. The two buildings are aligned so that someone entering the annex on Thire Street is able to look straighy down a corridor running the entire length ofboth buildings. A glassd ceiling covers the 77-foot high atrium and fillse the space withnatural light. A circular stairwauy connecting all six floors standss in the middle of the enclosed by a cylinder finished in curlyu maple and punctuated by a series of squar e openings that track the rise ofthe Overhead, numerous wood-covered walkways connecg the floors of the two buildings.
Some serve the genera l public, some are for judges, and some for the movemenrt of prisoners. The façade is finished in limestone, bluestone and tinted precast concrete panels, arranged to emphasize the vertica character of the structure and present a rhythmic pattern. The annex has large square grouped in sets of four and framesd by white precastconcrete panels.
Nationwide, GSA's real estate business provides work environmentes for more than 1 millionfederao employees. Since 1949, the agency's Publi Buildings Service has served asa developer, lessor and manager of federally owned and leased properties, currently totalint 335 million rentable square feet in 50 D.C., Puerto Rico, and the Virgin Islands. The General Servicexs Administration has completed a major expansion ofthe E. Barrettf Prettyman U.S. Courthouse at the intersection of Third Street NW andConstitution Avenue. The new William B. Bryant Annex, officially dedicated at a ceremony Oct.
30, is named for William Bensob Bryant, the first African-American chief judgr of the for the Districtof Bryant, who was born in Wetumpka, Ala., grew up in D.C. and receivede his undergraduate and law degrees fromHowar University. Hired as an assistant U.S. attorney, Bryang became the first African-American prosecutor to try casesin D.C. He was appointefd to the U.S. Districtt Court in 1965 and served as chief judgw from 1977to 1981. "This powerful and unique addition tothe city's federa l presence honors Judge Bryant's legacy," said GSA Administrator Luritza Doan at the annex's dedication.
"If also stands as a tribute to thefederal judiciary'sz critical role in our society." The 351,000-square-foo Bryant annex cost a total of $134 million. The main built in 1952, contains an additionall 643,000 square feet. and the SmithGroup designed the wasthe contractor, and Jacobs Engineeringt handled construction management. The which replaces a surface parking lot adjacent to the Prettymab Courthouse and faces Third forms a major gateway at the easterjn end of Pennsylvania Avenue and the site of the presidentiapInaugural parade. "GSA is pleased to be able to developl this annex to Prettyman saysAnn W.
Everett, acting regional administratod forthe agency's National Capital Region. "Itse beautiful design is in keepinf with the prominence of its The annexhas four, barrel-vaulted bays that culminatre in a rotunda on Constitutioj Avenue. Each bay houses two, two-story courtroomsx on the fourth andsixth floors, along with chambers, jury-assembly areas and separate corridors for transportingb prisoners. The first floor of the rotunds includes a large cafeteria with sweeping views ofthe Capitol, the Nationa l Mall and the . Above this are more chambers. An additional 20 District courtroom and an appellate courtroom are in themain courthouse.
The annex is connected to the main buildingb bya 24,000-square-foot atrium. The two buildings are aligned so that someone entering the annex on Thire Street is able to look straighy down a corridor running the entire length ofboth buildings. A glassd ceiling covers the 77-foot high atrium and fillse the space withnatural light. A circular stairwauy connecting all six floors standss in the middle of the enclosed by a cylinder finished in curlyu maple and punctuated by a series of squar e openings that track the rise ofthe Overhead, numerous wood-covered walkways connecg the floors of the two buildings.
Some serve the genera l public, some are for judges, and some for the movemenrt of prisoners. The façade is finished in limestone, bluestone and tinted precast concrete panels, arranged to emphasize the vertica character of the structure and present a rhythmic pattern. The annex has large square grouped in sets of four and framesd by white precastconcrete panels.
lunes, 6 de agosto de 2012
Hall named to national education council - Atlanta Business Chronicle:
azajir.wordpress.com
The Council of the Great City Schools is a coalition of 67 ofthe nation'z largest urban public school systems. Atlantwa Public Schools noted thatundefr Hall’s watch the past 10 years, its standardizedr test scores have risen and aging facilities have been And now, a new blueprint for businesss operations is being implemented. In February, Hall was namefd the 2009 National Superintendent of the Year by the Americajn Association ofSchool Administrators, the top professional honor for a K-12 school administrator. Befor coming to Atlanta, Hall was the state districrt superintendent of the Newark Public the largest school district inNew Jersey.
Hall chaire Harvard University's Urban Superintendents ProgramAdvisorg Board, where she mentors participants in the doctoral She also serves on the boardc of the U.S. Department of Education Urbanh Education ResearchTask Force. Hall also serves on the board of the new nonprofit GradyMemorial Hospital, Agnes Scotft College Board of Advisors, the , and the .
The Council of the Great City Schools is a coalition of 67 ofthe nation'z largest urban public school systems. Atlantwa Public Schools noted thatundefr Hall’s watch the past 10 years, its standardizedr test scores have risen and aging facilities have been And now, a new blueprint for businesss operations is being implemented. In February, Hall was namefd the 2009 National Superintendent of the Year by the Americajn Association ofSchool Administrators, the top professional honor for a K-12 school administrator. Befor coming to Atlanta, Hall was the state districrt superintendent of the Newark Public the largest school district inNew Jersey.
Hall chaire Harvard University's Urban Superintendents ProgramAdvisorg Board, where she mentors participants in the doctoral She also serves on the boardc of the U.S. Department of Education Urbanh Education ResearchTask Force. Hall also serves on the board of the new nonprofit GradyMemorial Hospital, Agnes Scotft College Board of Advisors, the , and the .
domingo, 5 de agosto de 2012
Oak Investment Partners Company Profile | Company Information
firukendu-anchored.blogspot.com
billion in committed capital. The primary investmen focus is on high growth opportunities in information technology, internet new financial services information technology, healthcare servicezs and consumer retail. Since 1978, Oak has achieved a stronf track record asa stage-independent investor funding more than 435 companie s at key points in their lifecycle. Oak has been involvex in the formationof companies, funded spinouts of operating divisions and technology assets, and provide growth equity to mid- and late-stage private businesses and to publi c companies through PIPE investments.
Oak has helped innovators exploity new business opportunities and anticipate trendsthrough long-termn relationships that endure the changing economic Our accomplishments can be best recognizedr through the success of our companies and the ability to deliveer consistent performance over time.
billion in committed capital. The primary investmen focus is on high growth opportunities in information technology, internet new financial services information technology, healthcare servicezs and consumer retail. Since 1978, Oak has achieved a stronf track record asa stage-independent investor funding more than 435 companie s at key points in their lifecycle. Oak has been involvex in the formationof companies, funded spinouts of operating divisions and technology assets, and provide growth equity to mid- and late-stage private businesses and to publi c companies through PIPE investments.
Oak has helped innovators exploity new business opportunities and anticipate trendsthrough long-termn relationships that endure the changing economic Our accomplishments can be best recognizedr through the success of our companies and the ability to deliveer consistent performance over time.
sábado, 4 de agosto de 2012
Tapping into federal funds: Public, private sectors vying for piece of stimulus pie - South Florida Business Journal:
bengeyqafiba1640.blogspot.com
The first, “use it or lose it,” referrede to President Obama’s mandate that states woulde lose their piece of the pie ifthey hadn’tg committed half the money to specifivc projects in 180 days, and the rest in anotherf 180 days. For Texas, that meant allocating $4.2 billion by June 30 and the rest 180 hotdays later. For regional entities the deadlinexs were a littlemore relaxed, but not much. Facing the cripplinv and embarrassing prospect of losinvg money to other cities more readgyto move, the second term — shovel-ready — quickly came to light.
“When the stimulusd bill was initially passed by and during dialog that led up to the passages ofthe bill, most peoplwe involved in infrastructure development felt that shovel-ready meant you had to have a project that was ready to go to Barry Goodman, founder of , a Houston-based transit planning company, told HBJ in the spring. “Them Congress realized that there aren’t many infrastructure projecte that are readyto go.
” So instead of demandinf that half the money be spent by a certain date and the rest spentt by another, Congress is saying half the money has to be obligated by a certain date and the rest by The key is at what point the money is considereed obligated. For public transportation, obligated means the money needed is in anapprovedc grant. For highway projects, which are mostluy run by statehighwaty departments, obligated means a bid has been As such, the — the federally mandatesd metropolitan planning organization responsiblse for Harris and seven surroundingg counties — has been engaging in some creative obligatinv that it says is in the best interesg of the city and state.
Because MPO projectsd have a final obligating deadline of March 5, 2010, some that can meet the June 30 or Dec. 31 deadlinesz of non-MPO (and statewide) projects have been swappeds out. A project to replace 30-year-old pavementg and improve ramps on Interstate 10between U.S. Highwayh 59 and those just west ofInterstate 45, for was going to cost $27 millionm in stimulus funds, $16 million of which were to come from H-GAC’w allotment. But Pat Waskowiak, program manager in H-GAC’ss planning and public outreach told HBJ in May thatthe $16 million was “flipped over to the statew side because it was ready.” Then there is what has been obligatefd to this point.
Most of the mone y the state has obligated is for projectd that fall under maintenanc because maintenance projects are easier to hustlw outthe door. The shovel-ready issue then begs the Are the mostimportant projects, perhapsw those that are too big in scope to meet ARRA deadlines, getting pushed to the back burnert so cities and states can spend money on less importanrt projects? Waskowiak says it’s not an issue. “We may end up with projecta that get us toward the financiaol goal of usingthe money, but they may not have been anyone’sx top priority,” she said.
But, “we have so many projectas on the contingency list that there are way more projects than what we havedollaras for.” And in lighft of plummeting materials costs and climbing unemployment, constructio companies desperate to land a government contracy for the first time in months are cominv in well below expectations when bidding on meaning more projects could get shuffled forward. Houston-areas bids have come in so far below expectationsthat H-GACf has put out a call to city and county officialsx for road projects to add to its aforementioned contingency list. “Bids are sometimes 20 percent lowetr than theestimated cost,” Waskowiakk said in late June.
“Material costse are down, but it’s largely because of labor Within a week of the signing of the American Recovery andReinvestmentg Act, the had allocated $10. 1 billion, almost 75 percent of its $13.5 billion in new funds. Texas will see more than $517 millionm of that for a varietyuof programs. Houston will get just under $28 millionb for community development block grants to creater jobs by improvingpublic facilities, emergency sheltefr and homelessness prevention grants to help strickeh families recover, and basic fundsz toward a public housing capital Harris County will see about $8.5 million for community homelessness prevention and a lead hazarde reduction grant.
The City of Galveston will alsoreceivw $3 million for lead reduction in 180 housin units.
The first, “use it or lose it,” referrede to President Obama’s mandate that states woulde lose their piece of the pie ifthey hadn’tg committed half the money to specifivc projects in 180 days, and the rest in anotherf 180 days. For Texas, that meant allocating $4.2 billion by June 30 and the rest 180 hotdays later. For regional entities the deadlinexs were a littlemore relaxed, but not much. Facing the cripplinv and embarrassing prospect of losinvg money to other cities more readgyto move, the second term — shovel-ready — quickly came to light.
“When the stimulusd bill was initially passed by and during dialog that led up to the passages ofthe bill, most peoplwe involved in infrastructure development felt that shovel-ready meant you had to have a project that was ready to go to Barry Goodman, founder of , a Houston-based transit planning company, told HBJ in the spring. “Them Congress realized that there aren’t many infrastructure projecte that are readyto go.
” So instead of demandinf that half the money be spent by a certain date and the rest spentt by another, Congress is saying half the money has to be obligated by a certain date and the rest by The key is at what point the money is considereed obligated. For public transportation, obligated means the money needed is in anapprovedc grant. For highway projects, which are mostluy run by statehighwaty departments, obligated means a bid has been As such, the — the federally mandatesd metropolitan planning organization responsiblse for Harris and seven surroundingg counties — has been engaging in some creative obligatinv that it says is in the best interesg of the city and state.
Because MPO projectsd have a final obligating deadline of March 5, 2010, some that can meet the June 30 or Dec. 31 deadlinesz of non-MPO (and statewide) projects have been swappeds out. A project to replace 30-year-old pavementg and improve ramps on Interstate 10between U.S. Highwayh 59 and those just west ofInterstate 45, for was going to cost $27 millionm in stimulus funds, $16 million of which were to come from H-GAC’w allotment. But Pat Waskowiak, program manager in H-GAC’ss planning and public outreach told HBJ in May thatthe $16 million was “flipped over to the statew side because it was ready.” Then there is what has been obligatefd to this point.
Most of the mone y the state has obligated is for projectd that fall under maintenanc because maintenance projects are easier to hustlw outthe door. The shovel-ready issue then begs the Are the mostimportant projects, perhapsw those that are too big in scope to meet ARRA deadlines, getting pushed to the back burnert so cities and states can spend money on less importanrt projects? Waskowiak says it’s not an issue. “We may end up with projecta that get us toward the financiaol goal of usingthe money, but they may not have been anyone’sx top priority,” she said.
But, “we have so many projectas on the contingency list that there are way more projects than what we havedollaras for.” And in lighft of plummeting materials costs and climbing unemployment, constructio companies desperate to land a government contracy for the first time in months are cominv in well below expectations when bidding on meaning more projects could get shuffled forward. Houston-areas bids have come in so far below expectationsthat H-GACf has put out a call to city and county officialsx for road projects to add to its aforementioned contingency list. “Bids are sometimes 20 percent lowetr than theestimated cost,” Waskowiakk said in late June.
“Material costse are down, but it’s largely because of labor Within a week of the signing of the American Recovery andReinvestmentg Act, the had allocated $10. 1 billion, almost 75 percent of its $13.5 billion in new funds. Texas will see more than $517 millionm of that for a varietyuof programs. Houston will get just under $28 millionb for community development block grants to creater jobs by improvingpublic facilities, emergency sheltefr and homelessness prevention grants to help strickeh families recover, and basic fundsz toward a public housing capital Harris County will see about $8.5 million for community homelessness prevention and a lead hazarde reduction grant.
The City of Galveston will alsoreceivw $3 million for lead reduction in 180 housin units.
jueves, 2 de agosto de 2012
Exec: Lexington plant avoids layoffs - The Business Journal of the Greater Triad Area:
efiosyt.blogspot.com
“It won’t affect us,” plant manager Thomass Wagar said. “It’s business as usual.” Huggiees and tissue-maker Kimberly-Clark said Thursday the company willcut 1,600p positions from its global work force. The reductiom includes 600 employees who acceptesd voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 million About 750 jobs will be cut in the United States, with the reductions occurring in Europd and other international locations. The layoffas will affect salaried andnonproductionj jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarkj said.
The company added that it willrecords $140 million to $150 million in charges related to the Kimberly-Clark attributed the cuts to a changing business environment that has forcer the organization to streamline expenses. "Thesee actions, while difficult, are necessaru to help us emerge from this demanding economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Through these changes we will be a moreeffective organization, with fastert decision-making helping to drive efficiency throughoutt all aspects of our operations.
In by increasing our cash generation, we will be in a better positionb to take advantage of future growth andinnovatiom opportunities." Kimberly-Clark has 53,000 employees worldwide. Thos affected by the staffing reductions will leaver the company in Juneand July, a spokesmabn for Kimberly-Clark said.
“It won’t affect us,” plant manager Thomass Wagar said. “It’s business as usual.” Huggiees and tissue-maker Kimberly-Clark said Thursday the company willcut 1,600p positions from its global work force. The reductiom includes 600 employees who acceptesd voluntary severance packages earlierthis Irving-based Kimberly-Clark (NYSE: KMB) said the cuts will save $150 million About 750 jobs will be cut in the United States, with the reductions occurring in Europd and other international locations. The layoffas will affect salaried andnonproductionj jobs; manufacturing facilities are not part of the reductions, Kimberly-Clarkj said.
The company added that it willrecords $140 million to $150 million in charges related to the Kimberly-Clark attributed the cuts to a changing business environment that has forcer the organization to streamline expenses. "Thesee actions, while difficult, are necessaru to help us emerge from this demanding economic environment as astronger company," said Tom Kimberly-Clark chairman and CEO. "Through these changes we will be a moreeffective organization, with fastert decision-making helping to drive efficiency throughoutt all aspects of our operations.
In by increasing our cash generation, we will be in a better positionb to take advantage of future growth andinnovatiom opportunities." Kimberly-Clark has 53,000 employees worldwide. Thos affected by the staffing reductions will leaver the company in Juneand July, a spokesmabn for Kimberly-Clark said.
miércoles, 1 de agosto de 2012
SMF Energy announces $40M recapitalization - South Florida Business Journal:
eragywaqer.wordpress.com
The company (NASDAQ: FUEL) said in a news release that it estimatews the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interestr and dividends by more than $1 millio n a year. It said shareholders' equity has been increased by morethan $4 millioj as a result. SMF Energy said it extinguished all of itsexistinbg non-bank debt and outstanding preferred stock through various agreementsz with dozens of existing debt and equity while converting its existing $25 million asset-based lending facilityu into a new, more favorable, three-year, $20 milliom asset-based lending facility and a $5 million, 60-month amortize d term loan, the proceeds of which were used to pay down $4.
86 7 million in secured notes and $125,000 in unsecured notes. The company said it issued new stockj to make up the balance paid for the cancellation and extinguishment of theexisting investors' debt and equity Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiob took place with amended agreements with and . It said the only non-banl debt incurred in the recapitalizatiojn was an unsecured subordinated promissory noteof $800,000 at 5.5 percengt interest issued to an existing institutional investor in exchange for $800,000 of one of the Augusf 2007 11 percent senior secured convertiblr promissory notes.
The institutional investor alsoexchanged $200,000 of the same securedc note for shares of common stock priced at 38 cents a share, which was greater than the closing bid price of the stock on the day before the effectiv date. acted as SMF Energy’s placement agenft for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuanty to a Feb. 1 investment bankintg agreement. SMF Energy supplies specialized transportation and distribution serviceds for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services sectors.
Formerly known as , as of Nov. 30, it conductede operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-weekm high was 71 cents on Aug. 28. The 52-weemk low was 10 cents on Feb. 20.
The company (NASDAQ: FUEL) said in a news release that it estimatews the recapitalization will reduceits short-term debt by $9.5 million, its total debt by $4.4 million and its cash requirements for interestr and dividends by more than $1 millio n a year. It said shareholders' equity has been increased by morethan $4 millioj as a result. SMF Energy said it extinguished all of itsexistinbg non-bank debt and outstanding preferred stock through various agreementsz with dozens of existing debt and equity while converting its existing $25 million asset-based lending facilityu into a new, more favorable, three-year, $20 milliom asset-based lending facility and a $5 million, 60-month amortize d term loan, the proceeds of which were used to pay down $4.
86 7 million in secured notes and $125,000 in unsecured notes. The company said it issued new stockj to make up the balance paid for the cancellation and extinguishment of theexisting investors' debt and equity Fort Lauderdale-based SMF Energy said in the release that the recapitalizatiob took place with amended agreements with and . It said the only non-banl debt incurred in the recapitalizatiojn was an unsecured subordinated promissory noteof $800,000 at 5.5 percengt interest issued to an existing institutional investor in exchange for $800,000 of one of the Augusf 2007 11 percent senior secured convertiblr promissory notes.
The institutional investor alsoexchanged $200,000 of the same securedc note for shares of common stock priced at 38 cents a share, which was greater than the closing bid price of the stock on the day before the effectiv date. acted as SMF Energy’s placement agenft for the recapitalization and received feesof $380,000, paid with a combination of cash and securities, pursuanty to a Feb. 1 investment bankintg agreement. SMF Energy supplies specialized transportation and distribution serviceds for petroleum products and It provides commercial mobile and bulk along with other services tothe transportation, construction, energy, telecommunications and government services sectors.
Formerly known as , as of Nov. 30, it conductede operations through 31 service locations in 11 Shares closed down nearly 3 cents to about35 cents. The 52-weekm high was 71 cents on Aug. 28. The 52-weemk low was 10 cents on Feb. 20.
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