For the Record:August 2000

For the Record
August 2000

This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
Holly M. Rodriguez
Virginia Business Magazine
P.O. Box 85333
Richmond, Va. 23293

or e-mail it to ForTheRecord@va-business.com,

or fax it to (804) 649-6311.

Categories
Appointments	Contracts	Cutbacks, closings
Deals	Directors	Divestitures
Executive promotions	Expansions	Mergers, acquisitions
New plants, companies	Real estate	Stocks

Appointments
Glenda Dorchak, chairman, Value America, a Charlottesville-based online electronics and technology store. (Press release, 5/31/00)

Contracts
Alan A. Myers Inc., Winchester: $7.2 million from the Winchester Department of Public Utilities for the second and final construction phase of a 15-mile water pipe. (Press release, 6/10/00)

Analysis and Technology, Fairfax: $49.1 million over five years from the Naval Surface Warfare Center, Carderock, for scientific engineering and technical services. (Press release, 5/30/00)

Anteon Corp., Fairfax: $49.1 million over five years from the Naval Surface Warfare Center, Carderock, to provide engineering and technical services. (Press release, 5/30/00)

Infracorps Inc., Richmond: $3.4 million from the city of Richmond to lay 20,000 feet of steel gas piping to connect the High Point and Azalea areas of the city. (Business Wire, 5/26/00)

Maximus, McLean: $2.6 million from the state of Iowa for the administration and operation of Iowa’s statewide child support enforcement customer service center. The company also won a $3.9 million contract over two years from the Office of Vermont Health Access to provide managed care enrollment, eligibility support and member services to help Vermont residents on certain managed care plans. (Press release, 6/9/00)

Virginia Tech’s Transportation Institute, Blacksburg: $15 million from the National Highway Traffic Safety Administration to research safety experiments for federal highway officials. (The Roanoke Times, 6/9/00)

Cutbacks & Closings
Norfolk Southern, a Norfolk-based railroad company, plans to lay off 228 employees in early August. (The Roanoke Times, 6/2/00)

Deals
America Online, a Dulles-based interactive services company formed a strategic agreement with San Jose, Calif-based TiVo Inc., creator of personal television. TiVo will become an AOLTV programming partner, allowing AOLTV subscribers access to TiVo’s Personal TV Service. (Business Wire, 6/14/00)

CollectingChannel.com, a Chesapeake-based antique and collectibles site, partnered with Newport Beach, Calif.-based Collectors Universe, allowing CollectingChannel.com members to use the authentication and grading services of Collectors Universe. (Business Wire, 6/14/00) The company has also partnered with Worthguide Corp., a San Francisco-based Internet auction pricing authority, to provide collectors with auction prices of collectibles. (Business Wire, 6/1/00)

Comsearch, a Reston-based wire network design company, formed a partnership with Scientech, a Downers Grove, Ill.-based wireless technology company, and WaveRider Communications Inc., a Toronto, Canada-based wireless Internet access provider, to provide engineering and installation services to WaveRider customers. (PR Newswire, 6/15/00)

EqualFooting.com, a Dulles-based business-to-business financial marketplace, has an agreement with Microsoft subsidiary bCentral to be the preferred provider of industrial supplies and equipment on bCentral. (Business Wire, 6/13/00) The company also has a partnership with the Washington, D.C.-based National Federation of Independent Business. EqualFooting.com will be NFIB’s exclusive e-commerce provider of industrial supplies and equipment and NFIB will offer services to Equalfooting.com members at a discounted price. (Press release, 6/15/00)

Hilb, Rogal and Hamilton Co., a Richmond-based insurance company, formed an alliance with PNC Financial Services Group to provide insurance services to business customers. (Business Wire, 5/30/00)

Inciscent, a Falls Church-based wired-to-wireless applications service provider, partnered with New York-based M2card Inc. to develop wireless transaction services. (Business Wire, 6/6/00)

LandAmerica Financial Group Inc., a Richmond-based insurance company, has an agreement to be the preferred provider of Eborrower Inc., a Vancouver, Wash.-based creator of an online title and escrow order system. LandAmerica is the exclusive title and escrow provider associated with Eborrower’s Web site program. (Press release, 6/15/00)

Network Solutions, a Herndon-based provider of Internet registration services, will provide 300 free domain names and thousands of discounted domain names to the government of the People’s Republic of China. (Press release, 5/31/00)

Versar Inc., a Springfield-based engineering, architectural and environmental firm, partnered with Durham, N.C.-based Blue292, a business-to-business marketplace offering environmental, health and safety products. Under the agreement, Versar customers will be able to purchase products from Blue292 suppliers. (PR Newswire, 6/13/00)

Directors
No reports received

Divestitures
Trigon Healthcare Inc., a Richmond-based health care provider, completed the sale of its subsidiary, Mid-South Insurance Co., to World Insurance Co. of Omaha, Neb. (Press release, 6/1/00)

Executive Promotions
Patty Comer, COO, 123hire.com, a Norfolk-based online job site for the Hampton Roads area. (Press release, 6/7/00)

Robert B. Edwards Jr., CFO, Veritect, a network security management firm based in Falls Church. (Business Wire, 6/1/00)

Richard J. Gamriel, senior vice president and Chief Information Officer, Scott & Stringfellow, a Richmond-based investment banking and financial services company. (Press releases 5/24/00)

W. Alan McCollough, CEO, Circuit City Stores Inc., a Richmond-based retailer. (PR Newswire, 6/13/00)

Scott Pickens, CIO, Amerigroup Corp., a Virginia Beach-based health care company. (Business Wire, 6/15/00)

Ash Rofail, Chief Technology Officer, Technology Associates, an Arlington-based group of information technology companies. (Press release, 5/24/00)

Janet C. Wylie, president and CEO, Webversant, a Fairfax-based business-to-business technology company. (Business Wire, 6/5/00)

Expansions
Jones Apparel Group plans to invest $11 million to expand its distribution center in Mecklenburg County. The expansion will create 175 jobs. (Press release 6/5/00)

O’Sullivan Industries - Virginia Inc., a Lamar, Mo.-based manufacturer of ready-to-assemble furniture, plans to expand in Halifax County, creating 100 jobs. (Press release, 6/2/00)

Mergers & Acquisitions
Digital Now Inc., a Vienna-based digital imaging development company, plans to acquire Cyber Elettronica SAS, a Como, Italy-based photographic scanning manufacturer, for $2.8 million. (Press release, 6/12/00)

Gannett Co., an Arlington-based media company, plans to acquire 21 daily newspapers from Stamford Conn.-based Thomson Newspapers Inc., for $1.125 billion. (Business Wire, 6/8/000)

Hilb, Rogal and Hamilton Cos. in New Jersey, a subsidiary of the Richmond-based insurance company, has acquired Scotch Plains, N.J.-based United Financial Associates Inc. Terms were not disclosed. (Business Wire, 6/9/00) The company also acquired all of the assets of Portland, Ore.-based Granite Insurance Services. Terms were not disclosed. (Business Wire, 6/1/00)

Media General Inc., a Richmond-based media company, plans to acquire three groups of newspapers from Stamford, Conn.-based Thomson Newspapers for $237 million. (Richmond Times-Dispatch, 6/14/00)

Sallie Mae, a Reston-based education loan company plans to invest $770 million in cash and stock to acquire Indianapolis, Ind.-based USA Group Inc., a subsidiary of USA Funds, a major guarantor of education loans. (PR Newswire, 6/15/00)

Tradewinds Capital, a Roanoke-based venture capital company, acquired New River Communications, a Botetourt County management and construction firm. Terms were not disclosed. (Press release, 6/7/00)

United Defense, an Arlington-based developer of armored vehicles and weapons systems, acquired Bofors Weapon Systems, a Stockholm, Sweden-based artillery and combat vehicle manufacturer. (PR Newswire, 6/15/00)

Virginia Gas Co., Abingdon, has merged with NUI Corp., a Bedminster, N.J.-based utility company which acquired all of Virginia Gas' common stock in the $22 million transaction. (PR Newswire, 6/14/00)

New Plants and Companies
A.T. Massey Coal Co., a Richmond-based subsidiary of Fluor Corp., an Aliso Viejo, Calif.-based holding company, plans to become an independent, publicly held company. The deal is subject to shareholder approval. (Richmond Times-Dispatch, 6/9/00)

ACT MicroDevices, a Radford-based fiber optic subcomponent producer, will invest $28 million in a manufacturing facility in Montgomery County. (Press release, 6/14/00)

CeoTronics, a Frankfurt, Germany-based manufacturer of audio, video and data communication systems, will invest $4 million to move its U.S. headquarters from Carrollton, Texas, to Chesapeake, creating 50 jobs. (Press release, 6/15/00)

GE Cisco Industrial Networks, a collaboration between GE Industrial Systems and Cisco Systems, will design and build computer-network infrastructures for factories. The new company will operate out of a GE facility in Albemarle County. (The Daily Progress, 6/7/00)

Real estate
Divaris Real Estate of Virginia Beach sold One Columbus Center, an office building in Virginia Beach’s central business district, to Columbus One LLC, a group of Virginia Beach real estate investors, for $14.7 million. (Press release, 6/15/00) The company also sold 17.35 acres of land in the central business district to Town Center Associates LLC of Virginia Beach for $7.67 million. (Press release, 6/14/00)

Stocks
MainControl Inc., a McLean-based Web software company, filed a registration statement with the Securities and Exchange Commission for an initial public stock offering of $57.5 million beginning the week of June 19. The number of shares and the price per share were not specified. (SEC Filings, IPO Monitor, 6/13/00)

Workscape Inc., a Reston-based technology company, filed a registration statement with the Securities and Exchange Commission for an initial public stock offering of $115 million beginning the week of June 26. The number of shares and the price per share were not specified. (SEC Filings, IPO Monitor, 6/13/00)

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