TLC Nursing Associates, LLC, is pleased to announce the beginning of its third year in business. From humble beginnings, Mohamed Basha, owner/operator of TLC, has brought TLC a long way.TLC Nursing Associates, LLC, now offers a wide variety of medical and non-medical staffing services. TLC places RNs, LPNs, LNAs and homecare associates with a wide variety of clients. Whatever the need, from post-operative homecare to per diem shift coverage, TLC will work with the client to meet their needs.With an ever expanding demand, of a rapidly aging population, TLC looks forward to being there to provide a touch of Tender, Love, and Care for its clients.Please contact Leon Smith for further information about TLC Nursing Associates. TLC is always looking for quality, dependable and experienced RNs, LPNs, LNAs and caregivers.Leon SmithTLC Nursing Associates, LLC
Dorn will head a delegation that includes the VermontDepartment of Economic Development; the Vermont Global Trade Partnership;Burlington-based alternative energy firm Draker Solar; and environmental remediationequipment maker Clean Earth Technology of Ferrisburg to GLOBE 2008. For more information, visit the GLOBE Web site at: http://www.globe2008.ca/index.cfm(link is external) “This will be the second time that Vermont hasattended GLOBE, and the response has been very positive,” Dorn said.Vermont companies have found good leads, and environmental technologyfirms have expressed interest in our state. FOR IMMEDIATE RELEASE MONTPELIER, Vt. — The State of Vermont will be lookingto generate some green by being green at an upcoming internationalenvironmental technology trade fair and conference in Vancouver. CONTACT: David Mace (802) 828-5229 He noted Vermont’s efforts to promote itself as acenter for environmental engineering and technology firms, including therelease of the recent report by the Vermont Environmental Engineering AdvisoryCouncil. Nearly 10,000 policy makers, environmental business leadersand corporate environmental managers from 78 countries attended GLOBE 2006 andorganizers estimate that $646 million in new business was generated at GLOBE2006. March 10, 2008 30 “Vermont has an internationally-recognized image as aclean, ‘green’ state; we are the healthiest state in America; andwe have more institutions of higher learning per capita than any otherstate,” said Kevin Dorn, Vermont Secretary of Commerce and CommunityDevelopment. “We believe we can leverage these strengths to recruit’green’ businesses to Vermont, and promote those alreadyhere.” GLOBE 2008 showcases emerging environmental technologies andsolutions from leading global technology companies. “Governor Jim Douglas has made growing Vermont’s’Green Valley’ a priority,” Dorn said. “This conferencehelps promote Vermont on a world stage.” Representatives of the Vermont Department of EconomicDevelopment and the Vermont Global Trade Partnership will be joined by severalVermont companies at GLOBE 2008, a biennial trade fair and conference scheduledfor March 12 through 14. VERMONT TO PROMOTE ‘GREEN VALLEY’ AT ENVIRONMENTAL TECH SHOW
For nearly five decades, the Vermont Chamber of Commerce has annually awarded an individual who has gone above and beyond his or her daily requirements to better the state of Vermont through self-sacrifice, service and volunteerism. In the crowded field of awards given to Vermont community members, the Vermont Chamber of Commerce Citizen of the Year Award is one of the most prestigious. This year, the Vermont Chamber of Commerce proudly presents the Citizen of the Year Award to Mr. Edwin Colodny of Burlington. Mr. Colodny is a native Vermonter who spent his early years in Burlington where his family owned a grocery store. Much of Colodny s career was embedded in the airline industry. In 1975, after working his way up in the ranks, he was named President and CEO of US Airways. Under his leadership, the company was reshaped into a major national carrier. In 2001, Mr. Colodny was asked to take over the University of Vermont leadership and become Interim President. During a most challenging time, he put the University back on track, establishing a new base for future students, staff and professors. Stepping down from this role, Colodny responded to a request to become Interim CEO of Fletcher Allen Health Care. In this capacity, he gave essential direction to the medical education center, guiding it through difficult times. In both critical roles, Vermont is indebted to Colodny for shaping two crucial institutions, enabling them to provide health care, education, research and service to Vermont. Those that Mr. Colodny worked with during this time admire him for his invaluable leadership and service, denoting him a model of integrity and compassion.”Mr. Colodny has proven through years of service, his dedication to the state of Vermont,” said Betsy Bishop, President of the Vermont Chamber of Commerce. “I have had the pleasure of working directly with Mr. Colodny and have seen his incredible ability to bring together differing perspectives toward a common goal. His work with many Vermont institutions has laid the foundation for the future of Vermont.”Through years of service and sacrifice, Mr. Colodny has continued to provide Vermont organizations with effective guidance that has created a solid base for education, health care and service statewide. Mr. Colodny currently serves on the Investment Committee of the Vermont Symphony Orchestra, helping to guide the organization through a difficult period for the arts. He is also an honorary chairman for the Endowment Committee for Vermont Symphony Orchestra. Mr. Colodny continues to lend his energy to Vermont Law School, New England Culinary Institute, Shelburne Museum and Fletcher Allen Health Care Foundation. He also serves of counsel to the law firm Dinse, Knapp & McAndrew in Burlington.The Vermont Chamber of Commerce will honor Mr. Edwin Colodny on October 19, 2009 from 5:30 to 8 pm at the Hilton Burlington Hotel. Tickets are $65 per person and include cocktails, hors d oeuvres, a plated dinner and an opportunity to toast Edwin for his many contributions to and accomplishments in the state of Vermont.To register for this event, log on to www.vtchamber.com(link is external) or contact Antonia Opitz, Director of Events: firstname.lastname@example.org(link sends e-mail).Source: Vermont Chamber of Commerce. Sept 3, 2009.
Vermont State Treasurer Jeb Spaulding announced today that Vermont successfully sold $52 million in general obligation bonds, in a competitive auction that marked the State’s first-ever sale of “Build America Bonds.” Yesterday’s auction resulted in both the largest number of bids received and the lowest interest cost the State has incurred on a bond sale in decades.Build America Bonds, often referred to simply as “BABs,” were made available under the American Recovery and Reinvestment Act of 2009. Unlike traditional municipal bonds, BABs are subject to federal income tax, but are still exempt from Vermont State income tax. By using BABs, the State pays a higher interest rate, but receives a 35 percent subsidy on that rate from the federal government. When this subsidy is factored in, BABs often have a lower interest rate than traditional tax-exempt bonds.“We are extremely pleased by the results of our bond offering,” said State Treasurer Jeb Spaulding. “We received eleven bids, many from firms who were bidding on Vermont’s bonds for the first time. Locking in an interest rate below 3 percent on a 20-year borrowing period is almost unheard-of. The strong response indicates that demand continues to be extremely high for Vermont’s bonds. This benefits Vermont’s citizens in that the interest rate the State pays on the bonds is lower, costing us less to borrow the money.”The bonds are scheduled to settle, or close, on February 3, 2010. The State locked in a total interest cost of 2.96 percent, the lowest rate in records dating back to the 1960s. The yield investors received on their bond purchases ranged from 0.25 percent for bonds maturing in one year to 5.21 percent for bonds maturing in 20 years.The State’s financial advisor, Government Finance Associates, assisted the State in running an innovative “hybrid” online auction that allowed investment banks to bid on each bond maturity as either a tax-exempt bond or a BAB. Bonds maturing in one to five years were sold as traditional tax-exempt bonds, while bonds maturing in six to 20 years were BABs.Demand for the State’s bonds was enhanced by Vermont’s strong bond rating. The bonds offered were rated by Moody’s Investors Service, Standard & Poor’s Ratings Service, and Fitch Ratings as Aaa, AA+ and AA+, respectively, all with a stable outlook. The triple-A rating reflects the highest rating available to government issuers. High demand for the bonds allowed the State to offer a lower rate of return and consequently, lower the cost to the State for borrowing money for capital projects. Costs to the State would have been higher if Vermont’s bond ratings were lower.“The very favorable opinions of the rating agencies, which consistently cite Vermont’s prudent fiscal management, vindicate the proactive efforts of the administration and the legislature to keep the State’s budget balanced,” Spaulding said.Yesterday’s bond sale will fund projects that were authorized by the State Legislature in the last legislative session. While the bonds were originally scheduled to be sold this past fall, the Treasurer’s Office delayed the sale because the State’s cash flow dictated that new funds were not needed until early 2010.The State plans to sell an additional $20 million of general obligation Vermont Citizens’ Bonds on February 25, with a closing date in early March. The Citizens’ Bonds will be sold as tax-exempt bonds through a negotiated offering with Citigroup Global Markets, Inc. Citizens’ Bonds are free from state and federal taxes and may be purchased in denominations as low as $1,000. These bonds are reserved first for purchase by Vermont residents and businesses.“This year, we increased the Citizens’ Bond sale from $15 million to $20 million, to give Vermont investors a greater opportunity to take advantage of savings on state and federal taxes on investment earnings, and also invest in bonds backed by the full faith and credit of the State of Vermont,” explained Spaulding.As part of the annual approval of capital bonding projects, the State is planning to again offer general obligation bonds for sale in October and November of 2010.Source: Treasurer’s office. 1.28.2010
State Treasurer Jeb Spaulding announced today that Vermont successfully sold $20 million of Vermont Citizen bonds and another $38.83 million of general obligation refunding bonds on February 25. The sale was planned as a two-day process; however, the bonds sold out entirely by the middle of the first day.“We are extremely pleased by the response to our bond offering,” said State Treasurer Jeb Spaulding. “We received approximately $90 million of orders for the almost $60 million in bonds that were available. The strong response indicates Vermont investors and brokers are eager to invest in the State and support badly needed capital projects.”The bonds settled, or closed, on March 11, 2010. The State was able to lock in a total interest cost of 2.5 percent. The yield investors received on their bond purchases ranged from 0.25 percent for bonds maturing in one year to 3.08 percent for bonds maturing in twelve years. The Citizen Bonds were offered in amounts as small as $1,000, with maturities ranging from one to ten years and targeted to retail investors.The refunding bond maturities range from one to twelve years, corresponding with the maturity dates of the older bonds that were being refinanced, and were offered in standard $5,000 amounts. The refunding produced cash flow savings of more than $2.6 million from fiscal years 2011 through 2022, with approximately $409,000 in savings for fiscal year 2011 alone. The savings comes from the State securing a lower interest rate through the refinancing process.Demand for the State’s bonds was enhanced by the State’s strong credit ratings. The bonds are rated Aaa by Moody’s Investors Service, and AA+ by both Standard & Poor’s Ratings Service and Fitch Ratings. The Aaa rating reflects the highest rating available to government issuers, and the AA+ ratings the second-highest. High demand for the bonds allowed the State to offer a lower rate of return and consequently, lower the cost to the State for borrowing money for capital projects. Costs to the State would have been higher if Vermont’s bond ratings were lower.Proceeds raised by the sale in February of Vermont Citizen bonds go toward funding projects that were authorized by the State Legislature in the last legislative session. As part of the annual approval of capital bonding projects, the State is expecting to again offer bonds for sale in October and November of 2010.Source: State Treasurer. 3.16.2010
Green Mountain Coffee Roasters, Inc today announced that the Federal Trade Commission has closed its investigation concerning GMCR’s tender offer for Diedrich Coffee, Inc. With this closure, all necessary approvals of the tender offer under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 have been obtained. The tender offer is scheduled to expire at midnight, New York City time, on Monday, May 10, 2010, and is not expected to be extended further.The Board of Directors of Diedrich Coffee has recommended that Diedrich Coffee stockholders tender their shares into the tender offer. Questions and requests for assistance regarding the tender offer may be directed to the Information Agent for the offer, Okapi Partners LLC, toll-free at (877) 274-8654.BofA Merrill Lynch is serving as financial advisor to GMCR on this transaction and Ropes & Gray LLP is serving as its legal advisor.About Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR’s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully’s Coffee®, Green Mountain Coffee®, Newman’s Own® Organics coffee and Timothy’s World Coffee®. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of licensed roasters, including Green Mountain Coffee, Tully’s Coffee and Timothy’s. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certified™ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com(link is external) for more information.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its web site, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its web site regularly for important information and news. Additionally, by subscribing to GMCR’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.Forward-looking statementsCertain statements contained herein, including GMCR’s intention to complete the proposed acquisition, are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. The “safe harbor” set forth in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, does not apply to forward-looking statements made in connection with a tender offer. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual events or results could differ materially from those stated herein. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact on sales and profitability of consumer sentiment in this difficult economic environment, GMCR’s success in efficiently expanding operations and capacity to meet growth, GMCR’s success in efficiently and effectively integrating Tully’s and Timothy’s wholesale operations and capacity into its Specialty Coffee business unit, GMCR’s success in introducing new product offerings, the ability of lenders to honor their commitments under GMCR’s credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, Keurig’s ability to continue to grow and build profits with its roaster partners in the At Home and Away from Home businesses, the impact of the loss of major customers for GMCR or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, GMCR’s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, as well as other risks described more fully in GMCR’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Forward-looking statements reflect management’s expectations as of the date of this press release, and are subject to certain risks and uncertainties. GMCR does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.Additional InformationThis press release is neither an offer to purchase, nor a solicitation of an offer to sell, any securities. The tender offer to purchase shares of Diedrich Coffee common stock referenced in this press release has been made pursuant to a Tender Offer Statement on Schedule TO, containing an offer to purchase, a form of letter of transmittal and other documents relating to the tender offer (the “Tender Offer Statement”), which GMCR and Purchaser filed with the SEC and first mailed to Diedrich Coffee stockholders on December 11, 2009. Security holders of Diedrich Coffee are advised to read the Tender Offer Statement, because it contains important information about the tender offer. Investors and security holders of Diedrich Coffee also are advised that they may obtain free copies of the Tender Offer Statement and other documents filed by GMCR with the SEC on the SEC’s website at http://www.sec.gov(link is external). In addition, free copies of the Tender Offer Statement and related materials may be obtained from GMCR by written request to: Green Mountain Coffee Roasters, Inc., Attention: General Counsel, 33 Coffee Lane, Waterbury, Vermont 05676.Source: WATERBURY, Vt.–(BUSINESS WIRE)–5.10.2010
The Ninth Annual Vermont Employee Ownership Conference will take place on June 10, 2011, at Champlain College in Burlington, Vermont. The full-day conference will feature 19 workshops from introductory sessions for those exploring the idea of employee ownership to technical sessions designed for those in established employee-owned companies. Sessions include: · An introduction to employee ownership· Leadership in Employee-Owned Companies· Forming a worker cooperative: Start-Ups and Conversions· Avoiding ESOP Problems and Pitfalls· Basics of business valuation· Healthcare, Wellness and Safety in Employee-Owned CompaniesThe conference is designed for business owners and employees interested in bringing employee ownership to their companies; members of existing employee-owned businesses; economic development professionals; bankers, accountants, attorneys and financial planners; and anyone interested in employee participation or sustainable business models.This year’s opening plenary will feature the stories of some of the latest companies in Vermont to choose employee ownership, including Vermont Aerospace, a manufacturing business based in Lyndonville that recently become 100% employee-owned through an Employee Stock Ownership Plan, and PT360, a new physical therapy practice that is organized as a worker cooperative. We’ll hear what led company leaders to choose employee ownership, and what differences they expect it to make to their way of doing business. The event brings together some of the most sought-after expert professional advisors and consultants from around the country. It also draws dozens of representatives from Vermont’s employee-owned companies. Attendees will learn how those companies made the transition to employee ownership and navigated the challenges along the way.Full conference details and online registration are available at www.veoc.org(link is external). For more information, call 802-861-6611 or email email@example.com(link sends e-mail). About the VEOCThe Vermont Employee Ownership Center is a nonprofit organization dedicated to promoting and fostering employee ownership. The Center’s goals are to broaden capital ownership, deepen employee participation, retain local ownership of businesses and the jobs they support, increase living standards for working families, and stabilize communities. VEOC works directly with owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start a company with broadly-shared ownership. For more information, visit www.veoc.org(link is external).
Spring is in full bloom as New England experienced month-over-month growth of +10.9% with each state making a positive contribution. Vermont’s month-over-month increase of 18.7 percent was second only to Maine; however, at 184 days on the market, Vermont homes sold slower than any other New England State. The granite state of New Hampshire is the only state that has shown consistent month-over-month growth since January. While sales have not bounced back to 2010 levels, increased inventory, higher prices are all signs of a recovering market and strong spring.‘Prices are still very affordable,’ said Jay Hummer, Executive Vice President of RE/MAX of New England’Whether you’re a first time home buyer or investor, the spring housing market is filled with opportunity.’
AllEarth employs 26 full-time staff and five seasonal staff, and has manufactured and installed over 800 solar tracker systems. Their AllSun Tracker uses GPS technology to follow the sun throughout the day to boost solar energy production by over 40 percent. AllEarth Renewables, Inc.,Williston, Vermont-based AllEarth Renewables has announced a new Vermont dealer- installer partnership, making their innovative solar tracker systems available around the state.The dealer network expansion coincides with Vermont’s new statewide solar customer benefit, enacted as part of Act 47, which assures net metered solar installations receive at least $0.20 per kilowatt hour from utilities for the energy produced. AllEarth Renewables, the local manufacturer and installer of the AllSun Tracker, will partner initially with four local solar installers to cover the state:Solar Tech, of Sutton, will serve the northeastReKnew Energy Systems, of White River Junction, will serve the east-central region BackSpin Renewables, of Middlebury, will serve the western central regionIntegrated Solar, of Brattleboro, will serve the southern regionAllEarth Renewables and their subcontractors, such as J.A. Morrissey, Inc. and Engineers Construction, Inc., will continue to provide installations in the northwestern region‘As we look to future markets beyond Vermont, we are committed to continue innovating and growing the business here in state,’ said David Blittersdorf, president and CEO of AllEarth Renewables. ‘Homeowners and businesses are demonstrating their interest in the investment of affordable, local renewable energy. This new partnership with several strong businesses around the state will continue to help make solar possible to more Vermonters. The solar market has a bright future here.’The company’s 4.2kW trackers can be installed through a Power Purchase Agreement for a low up-front cost with the option to buy the system after five years at a significantly reduced rate. A single tracker will produce an average of 490kWh of energy per month, enough to power the majority of a Vermont home. The Williston-based renewable energy company was recently listed as among 25 of America’s Most Promising Social Entrepreneurs of 2011 by Business Week and was ranked by Vermont Business Magazine as the state’s fastest growing company over the last five years.About AllEarth Renewables, Inc. www.allearthrenewables.com(link is external) AllEarth Renewables is a Vermont company that specializes in the design, manufacture and installation of complete grid-connected wind and solar renewable energy systems that lessen dependence on nuclear and fossil fuels and reduce greenhouse gas emissions. The company’s goal is to provide turnkey products that harness the power of wind and sun for homes and businesses while creating sustainable, well-paying jobs.WILLISTON, Vermont . . . July 13, 2011 . . . # # #
The Vermont Retail Association (VRA) is pleased to announce the third annual Vermont Retailer of the Year Awards. Membership in VRA is not required for eligibility. All Vermont businesses engaged in retail operations may be nominated and considered. Nominations may be submitted using the Retailer of the Year nomination form on the association’s website, www.vtretailers.com(link is external). Nominations will be accepted through December 31, 2011. The awards will be presented in 2012 at a gala celebration and ceremony. Three separate awards are presented each year:Retailer of the Year: Honoring a Vermont retailer for overall excellenceGreentailer of the Year: Honoring a Vermont retailer for environmental excellenceCommunity Gem: Honoring a Vermont retailer who has made unique and valuable contributions to its community.According to VRA Executive Director Tasha Wallis, ‘It is impossible to overstate the importance of Vermont’s retail industry. Retailers employ more Vermonters than any other business sector except health care. More than 40,000 Vermonters work in retail, approximately 16% of the entire work force. Given the retail sector’s tremendous benefit to Vermont, it is only appropriate that the ‘best of the best’ be recognized annually.’