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For the Record
(December 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.


Mergers & Acquisitions
ATS, a McLean-based information technology consulting firm, has acquired Strategic Edge Technologies, a Washington, D.C.-based software consulting firm. Terms were not disclosed. (Press release, 10/3/00)

Amann & Associates, a Richmond-based public relations firm, plans to merge with Berker Campbell Mansfield, a Virginia Beach-based marketing firm. Terms were not disclosed. (Richmond Times-Dispatch, 10/12/00)

Burdette Smith Group PC a Fairfax-based accounting firm, has acquired William F. Delaney PC, also a Fairfax-based accounting firm. Delaney will remain on staff as a consultant. (Press release, 10/11/00)

Goodman & Company, a Norfolk-based financial company has acquired Bresenoff & Associates PC, a financial company in Virginia Beach. Terms were not disclosed. (Press release, 10/5/00)

Hill City Wholesale Co., a Lynchburg-based food services distributor, purchased J.W. Wood Co., a division of Danville-based Dan Valley Foods, also a food services distributor. Terms were not disclosed. (Press release, 10/17/00)

Homebytes.com, a Richmond-based Internet real estate service has acquired San Francisco-based Owners.com, a real estate Web company. Terms were not disclosed. (Richmond Times-Dispatch, 10/10/00)

LandAmerica Financial Group Inc., a Richmond-based online real estate services company, has acquired Primis Inc., an Internet-based real estate services firm based in Atlanta. Terms were not disclosed. (Richmond Times-Dispatch, 10/12/00)

Teligent, a Vienna-based phone services company, has acquired Executive Conference Inc., a Wayne, N.J.-based sales firm that provides teleconferencing services and Webcasting, for $74 million in cash and stock. (Washington Post, 10/5/00)

Via Networks Inc., a Reston-based Internet service company has acquired Symphonie S.A., an Internet services company based in Montpellier, France. Terms were not disclosed. (PR Newswire, 10/11/00) The company has also acquired Forcheim, Germany-based Highspeed-Server-Internet Verwaltungs GmbH, a Web hosting services company. Terms were not disclosed. (PR Newswire, 10/5/00)

Virginia Paint Co., a Richmond-based paint store chain, plans to be acquired by Benjamin Moore & Co., a Montvale, N.J.-based paint store chain. No jobs will be lost; no other terms were disclosed. (Richmond Times-Dispatch, 10/4/00)

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Deals
Capital One Bank, a Falls Church-based holding company, has an agreement with BMG Entertainment, a New York-based recording company, to offer a BMG Visa for customers. (PR Newswire, 10/3/00)

Compliance1, a McLean-based regulatory compliance agency, and Vienna-based eHealth Solutions Group, a health information company, have an agreement to jointly develop the health care practice portion of a health and safety information project also sponsored by the U.S. Department of Commerce’s National Technical Information Service. (PR Newswire, 10/12/00)

Capital One Financial Corp., based in Falls Church, has an agreement with Sprint PCS, a Kansas City, Mo.-based telecommunications company, to test direct marketing strategies for Sprint PCS customers. (PR Newswire, 10/12/00)

ExactOne, a Herndon-based Internet infrastructure company, has an agreement to provide its search technology to Washington, D.C.-based 86.com, an online marketplace for the food service industry, to expand the searches and queries of chefs and cooks. (Press release, 10/4/00)

DDL Omni Engineering based in McLean, has acquired Walcoff Technologies, a systems integration company based in Fairfax. Terms were not disclosed. (Press release, 9/28/00)

GlobalLearningSystems, a McLean-based performance improvement strategies company, and Torrance, Calif.-based Panasonic Disc Services Corp., a DVD manufacturer, have entered a joint venture to develop learning software using i-DVD technology. (PR Newswire, 10/10/00)

LaBook Inc., a McLean-based information provider for several life science-based industries, has a partnership with Alexandria-based Yellowbrix Inc., an e-commerce company, to broaden information access for life science researchers. (PR Newswire, 10/11/00)

MicroStrategy Inc., a Vienna-based e-business software company, has an agreement with PriceInteractive Inc., a Reston-based application service provider. MicroStrategy made an investment of an undisclosed amount into the company in return for use of PriceInteractive’s software for its voice browsing services. (PR Newswire, 10/16/00)

Nextel Communications, a Reston-based telecommunications company, has an agreement with the 2000 LaSalle Bank Chicago Marathon to be the official wireless communications provider. (PR Newswire, 10/16/00)

PSINet, an Ashburn-based Internet company, and Sallie Mae Solutions, a software division of Reston-based Sallie Mae, a provider of educational funds, have formed a business partnership to develop an application service provider program for schools and universities. (PR Newswire, 10/9/00)

Phipps & Bird, a Richmond-based educational physiology apparatus manufacturer, acquired Intelitool Inc., also an educational physiology apparatus manufacturer, based in Batavia, Ill. Terms were not disclosed. (Press release, 10/3/00)

RepairNow.com Inc., a Dulles-based content provider of product information, has an agreement with Seattle-based Amazon.com, an online book seller, to provide Amazon.com’s electronics store customers with online product operation and repair. (PR Newswire, 10/5/00)

TenFour US Inc., a Chantilly-based developer of email security systems, has a partnership with Digital Signature Trust, a Salt Lake City-based digital identification technology company, to provide secure messaging services to the banking industry using DST’s software. (PR Newswire, 10/17/00)

Training Resources Group, an Alexandria-based professional training and organizational development consulting firm, has an alliance with Chicago-based Second City Communications, a business division of The Second City, to consolidate resources and services. (Press release, 10/6/00)

Vastera Inc., a Dulles-based global trade management company, and Commerce One Inc., a Pleasanton, Calif.-based global e-commerce strategies company, have an agreement for Commerce One to integrate Vastera’s services into its own. (Business Wire, 10/19/00)

Wired Business, a Vienna-based Internet access and data communications company, will provide Internet access for several Florida-based real estate companies, including: Ahood and Associates, America’s Capital Partners, Capital Realty Services, Davide Realty, EP Hutton Realty, Tate Industries and Welsh Companies. (Business Wire, 10/16/00)

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New Plants and Companies
Dendrite International, a Morristown, N.J.-based product and service development company for the pharmaceutical and consumer packaging industries, plans to invest $30 million into a technical services center in Chesapeake, creating 335 jobs. (Press release, 10/3/00)

Somic Ishikawa, a Japan-based automotive component manufacturer, will invest $5.3 million into a manufacturing facility in Wythe County, creating 25 jobs. (Press release, 9/29/00)

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Executive Promotions

William Taylor Boon, CTO, BioNetrix Systems Corp., a Vienna-based personal authentication services provider. (PR Newswire, 10/11/00)

Thomas J. Brokenbrough, president and CEO, First Colony Bank, a Norfolk-based financial institution. (Press release, 9/28/00)

Chuck R. Conover, president and CEO, Combined Converting Systems, a custom converting machinery designer and manufacturer based in Richmond. (Press release, 10/6/00)

Dan Cooper, president, Electronic Systems, a Virginia Beach-based systems integration and office automation company. (Press release, 10/11/00)

Alan Croll, COO, eMotion Inc., a Vienna-based digital media management company. (Business Wire, 10/17/00)

Ralph J. Edwards, CEO, First Virginia Services Inc., a subsidiary of Falls Church-based First Virginia Banks Inc. (Press release, 10/2/00)

Arnold Grossblatt, CTO, Equient, a Fairfax-based systems integration and e-business consulting company. (Press release, 10/11/00)

Buck Kesler, vice president and COO, Combined Converting Systems, a custom converting machinery designer and manufacturer based in Richmond. (Press release, 10/6/00)

William H. McFaddin, president and CEO, Community Bankers’ Bank based in Richmond. (Press release, 10/12/00)

Theodore J. Merkle Jr., CEO, First Virginia Operation Services Inc., a subsidiary of Falls Church-based First Virginia Banks Inc. (Press release, 10/2/00)

Robert J. Palmer, president, Elliptus Technologies, a software development subsidiary of Richmond-based LandAmerica Financial Group Inc. (Press release, 10/13/00)

John Sanclotti, COO, TenFour U.S. Inc., a Chantilly-based e-mail security company.

Robert Skinner, president, InfoMech, a technology company based in Annandale. (PR Newswire, 10/12/00)

James L. Speros, CEO, Sideware, a Reston-based customer services strategist for e-business. (PR Newswire, 10/5/00)

David L. Vesely, president, systems and development and applications sector, Veridian, an Arlington-based information services company/ (Press release, 10/13/00)

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Appointments
No reports received

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Contracts
Anteon Corp., Fairfax: $44 million from the U.S. Coast Guard for research and development technical support services. (PR Newswire, 10/9/00) The company also has a $15.2 million contract over five years from the Space and Naval Warfare Systems Center in San Diego (Press release, 10/9/00) and a $43.8 million contract over five years from the U.S. Coast Guard. Both contracts are for research and development services. (Press release 10/9/00)

Dycorp, Reston: up to $20 million over five years to provide information technology services to the Air Force’s Central Design Activity. (PR Newswire, 10/11/00)

Maximus, McLean: $7.2 million from the Pennsylvania Department of Public Welfare to provide federal compliance and operations improvement services. (Press release, 10/18/00)

Newport News Shipbuilding, Newport News: $16.1 million from the U.S. Navy to research and design development engineering services for an aircraft carrier program. (Press release, 10/13/00)

Ricketts Construction Co., Winchester: $4.4 million from the city of Winchester for the construction of the Timbrook Public Safety Building and $3.5 million from the city of Front Royal to renovate the city’s post office. (Press release, 10/18/00)

Rolls Royce, Reston: $264 million from Houston-based Continental Airlines for construction of engines for Continental’s 757-300 airliners. (PR Newswire, 10/6/00)

Versar Inc., Springfield: $3.8 million over five years from the Environmental Protection Agency to provide occupational and residential pesticide exposure assessments. (PR Newswire, 10/10/00)

CSX, a Richmond-based railroad company, will cut an undetermined number of jobs in Richmond and Jacksonville Fla. (Richmond Times-Dispatch, 10/10/00)

Norfolk Southern, a railroad company, cut more than 200 maintenance and operating machine jobs in October. (The Roanoke Times, 10/13/00)

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Cutbacks & Closings
The Jewel Box, a Norfolk-based jeweler, plans to shut down its operations after 50 years in business, due to declining sales. (The Virginian-Pilot, 9/19/00)

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Divestitures
Cadmus Communications Corp., a Richmond-based publishing company, has sold Dynamic Diagrams, its Internet services subsidiary purchased in 1998, to Ingenta PLC, a Bath BA2 7AY, United Kingdom-based company specializing in online research, for $5.5 million cash. (Richmond Times-Dispatch, 10/3/00)

Columbia Energy Group, a Herndon-based company, plans to sell its subsidiary, Columbia Electric Corp., to Orion Power Holdings, a Baltimore-based electric power company, for $200 million. (PR Newswire, 10/2/00)

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Expansions
Capital One Financial Corp., a Falls Church-based holding company, plans to invest $700 million into expanding its offices in the Richmond area with three campuses: one each in Goochland, Henrico and Chesterfield counties. With another expansion in Fairfax County, the company plans to create a total of 8,000 new jobs through 2004. (Press release, 10/10/00)

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Real estate
Salvatore J. Cangiano, a developer and businessman from Loudoun County, purchased Magnolia Green, a 3,892 acre property, from a subsidiary of Richmond-based Dominion Resources Inc., a power company, for $8 million. (Richmond Times-Dispatch, 10/3/00)

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Stocks
Cornerstone Realty Income Trust Inc. in Richmond has received authorization from its board of directors to purchase up to an additional $50 million of its common shares. (PR Newswire, 10/9/00)

NVR Inc., a McLean-based homebuilder, has reached an agreement with a shareholder to repurchase 780,000 shares of its common stock. (PR Newswire, 10/5/00)

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•   •   •

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.

 

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