Stories for March 2006

Friday, March 31

BHBC Loan Originations Fall

Beverly Hills Bancorp Inc. today reported net income of $15.1 million or $0.70 per diluted share for the full year ended Dec. 31, versus net income from continuing operations of $13.8 million or $0.65 per share in 2004.

Monday in the Valley

Encino Chamber of Commerce, Executive Committee Meeting

3D Systems to Present in North Carolina

3D Systems Corp., a provider of 3-D printing solutions in Valencia, will present their growth strategies at the SouthEast Invest Conference held April 5 through April 7, 2006 at the Washington Duke Inn in Durham, North Carolina.

Thursday, March 30

Natrol Profits Fall Sharply

Natrol Inc. reported a fourth-quarter net loss of $1.6 million, or $0.12 per share, on net sales of $14.9 million, compared with income of $265,000, or $0.02 per share, during the same period the year before.

LPGA Hires

The Ladies Professional Golf Association has utilized an Encino company's online auction to find radio time to advertise its first major championship of the year.

Electro Rent Earnings Drop

Van Nuys-based computer rental and leasing service Electro Rent Corporation reported a drop in its third quarter earnings of $5.9 million, or $0.23 per share on sales of $29.3 million due to an increase in operating expenses.

Friday in the Valley

San Fernando Chamber of Commerce, Miss San Fernando Pageant, Calabasas Chamber of Commerce, Method Fest Independent Film Festival Gala Party

Mortgage Fraud Monitoring Firm Adds Services

Interthinx, a Calabasas-based provider of fraud prevention tools for the mortgage industry, will expand its offerings as a result of an acquisition made by its parent company.

Wednesday, March 29

Local Firm Inks Canadian Cable Deal

A Burbank company has been tapped by the Canadian Cable Systems Alliance to be the preferred content provider for systems offering video on demand.

Hallmark Owner Cuts Losses

Studio City-based cable network distributor, Crown Media Holdings, Inc., cut its losses in the fourth quarter ending Dec. 31, reporting a net loss of $59.8 million, or $0.57 per share on sales of $60.5 million.

VEDC Wins Honors

The Valley Economic Development Center (VEDC), a non-profit center in Van Nuys, and its President Roberto Barragan, were awarded the James Rouse Award by the National Community Reinvestment Coalition (NCRC) at the 2006 NCRC Conference in Washington D.C.

Thursday in the Valley

Thousand Oaks-Westlake Village Chamber of Commerce, Spring Expo

Van Nuys Land Sold

A Van Nuys parcel of land measuring just under 27,000 square feet was sold for $1,175,000.

Tuesday, March 28

Ad Group Formed in Santa Clarita

A newly formed trade group for advertising professionals in Santa Clarita will hold its first awards competition on April 2.

NTS Buying Back Stock

National Technical Systems, Inc., which offers testing and certification services, will repurchase 792,266 shares of its common stock from Marvin Hoffman, an executive officer of the company.

ValueClick Combines Units

ValueClick, Inc. has increased its reach for online advertisers by combining its display advertising and lead generation network into a single unit, the company announced Tuesday.

Wednesday in the Valley

North Valley Regional Chamber of Commerce, Networking Cluster

Natrol Hires CCG Investor Relations

Natrol Inc, which makes vitamins and other health supplements, has retained CCG Investor Relations and Strategic Communications to manage its investor relations program.

Monday, March 27

LAUSD Commission To Meet in Valley

The Joint Commission on LAUSD Governance will hold two community outreach meetings in the San Fernando Valley.

Glendale Supports FTAC

Below-the-line entertainment workers angling for a federal investigation into foreign subsidies luring away television and film production have added another city into its corner.

Decades-Old Metal Firm Supplies Goodwill in Community

Neil Sherman's Industrial Metal Supply may be generating over $100 million in annual revenues, but he's never too busy to run office supply errands and clean windows for a new branch when he's opening a new location.

Drivers Express Themselves at New Auto Center

Galpin Motors hopes to capitalize on the soaring demand for after-market products and services with a newly opened store, Galpin Auto Sports.

Couple Makes Tech Consulting Firm Big Part of Lives

Arnie and Sherri Friedman so enjoy running their business CPI Solutions Inc. that not even vacations give them a break.

Real Estate Executive Uses His Experience in New Ways

Senior Reporter Shelly Garcia visits with Pete Puzo, who has found that there is life after the corporate real estate world by signing up with Habitat for Humanity.

Huffman Outlines VICA Plans

The Valley Industry and Commerce Association has announced the hiring of Brendan Huffman as its next president.

Valley Manufacturers Prepare to Show Wares

At the Chatsworth facility of Fadal Machine Centers, employees ready some of the company's products for view at this year's Westec trade show for the machine tool industry.

MethodFest is Premiere Calabasas Business Event

In the crowded field of Southern California film festivals, MethodFest makes itself stand out with an emphasis on the performances of the actors rather than on big names or spectacular effects.

Burbank Industrial Building Sold

A single-story industrial building in Burbank has been sold for $2,750,000.

Families Learn Sometimes It's Better to Hire Outside Help

Just because it's a family-owned business doesn't mean it can't get large enough to require some professional help, as a number of local companies learned.

Husband, Wife Developing Niche in Real Estate Market

In working with wife Heather in their real estate firm that develops residential and commercial projects, Terry Heller admits that there are times when the two will butt heads.

Transition at Longtime Deli Was Family Effort

Don't tell Harold Ginsburg and Roberta Mitteldorf that kosher-style delis are a dying breed.

Tuesday in the Valley

Artist Tommy Hollenstein Reception, North Valley Regional Chamber of Commerce, Networking Breakfast

After Rocky Period, AeA Outlines New Initiatives

With a new director the Los Angeles/Santa Barbara Council of the American Electronics Association is poised to help build bridges between its 120 member companies.

Sweeter Times for Chocolate Firm After Downturn

In 2001, a weakened economy damaged more than just the hospitality industry. A number of companies that count hotels as their clients, including Chocolates a la Carte, were dealt significant losses as well.

Mindset Has a Lot to Do with Business Success

Small business success is less about tactics, techniques or mechanics.

Life With Father, Mother Isn't Always Obvious Choice

The next generation doesn't always enter a family-business wholeheartedly, but once there, many find the experience professionally satisfying and, sometimes, personally surprising.

Manufacturer Finds Variety of Uses for Modern Blimps

In the world of advertising aircraft, what most people think of as blimps, Worldwide Aeros is already well known. It builds blimps and other lift aircraft tethered to the ground, called Aerostats, to sell to customers across the world.

Playstation News Moves THQ Stock

Earlier this month, Sony Corp. announced its new release date for its Playstation 3.

Sexy Hair Makes Move to Boost Market Share

Like many entrepreneurs before him, Michael O'Rourke, the founder of Sexy Hair Concepts, has found he needs more marketing muscle to take the Chatsworth-based company to the next level.

Some Companies Take Flight in Global Arena

While it's the huge multinational names that usually come to mind when you think about aerospace, it is also an industry that includes several family-owned players.

Porto's Expanding in New Era

Ask any of the three siblings who now run Porto's Bakery & Caf & #233; when they first became involved in the business, and they will answer in much the same way: "We were always involved."

Daughter Pilots Aerospace Firm Through Huge Growth

When Robert Stockberger moved his hydraulics parts business to Palmdale almost 30 years ago his daughter, Linda Bradley, couldn't say she much appreciated the scenic differences in the new location.

English-Only Workplace Rule Held Unlawful in Most Cases

This is one in a series of regular columns in which Valley attorney Ira Rosenblatt answers questions from readers concerning business law issues.

New Bank Will Invest in Students Through Use of Art

This regular feature focuses on philanthropic activities by Valley-area companies and businesspeople.

Market Driven

Steve White, newly installed president of the Southland Regional Association of Realtors, discusses his plans for the trade association in the coming year.

TechnoConcepts Moves Closer to China Subsidiary

TechnoConcepts, Inc., a Van Nuys semiconductor manufacturer, announced Monday it has received conditional approval to form a subsidiary in Shanghai to design and manufacture digital television equipment.

Bookworm's Homage to the Printed Word

The Knight Ridder newspaper chain sells out; staff reductions continue to decimate the Los Angeles Times; while newspapers everywhere are pitied as dinosaurs on the edge of an economic extinction wrought by television, the internet and computer games.

Friday, March 24

Monday in the Valley

United Chambers of Commerce Board Meeting

American Soil Tech Purchases Company

American Soil Technologies in Pacoima has acquired Advanced Fertilizer Technologies Inc., a subsidiary of UTEK Corporation, in a stock transaction.

Worldwide Aeros Founder Wins Award

Igor Pasternak, founder and CEO of Worldwide Aeros in Tarzana was named Entrepreneur of the Year by the Small Business Association Los Angeles office.

VICA Supports LAUSD Breakup

The Valley Industry and Commerce Association came out on Friday in support of two pending bills before state lawmakers to break up the Los Angeles Unified School District.

Thursday, March 23

CPI Wins Customer Service Award

CPI Solutions was recognized with a customer satisfaction excellence award from Cisco Systems.

Family Business Award Winners Announced

The San Fernando Valley Business Journal announced today the fourth annual Family-Owned Business Awards at the Warner Center Marriot.

Friday in the Valley

New Horizons, Third Annual Gala Dinner and Dance, Valley Economic Development Center, All About Business Loans

El Nido Receives $25,000 Grant

El Nido Family Centers, a provider of aid to pregnant and parenting teens, was awarded a $25,000 grant from March of Dimes.

Advanced Biotherapy Takes On Anthrax

Advanced Biotherapy announced it has agreement with Battelle for the development and use monoclonal antibodies to treat humans and animals exposed to anthrax, plague and autoimmune diseases.

Wednesday, March 22

Superior Gets Chrysler Deal

Van Nuys-based aluminum wheel supplier Superior Industries Inc. announced four multi-year programs for new and replacement aluminum wheels with the Chrysler Group.

Thursday in the Valley

Calabasas Chamber of Commerce, Building Your Business By Referral and Speed Pitching for Business Owners

First Look Buys Ventura Distribution

First Look Studios has bought out independent home entertainment distributor Ventura Distribution, which includes a 75,000-square foot facility in Thousand Oaks.

Tuesday, March 21

SBA Selects Thousand Oaks Lender

Rita Mitchell, a vice president and regional sales manager at Wachovia Small Business Lending, has been selected as the "Nation's 2006 SBA Financial Services Champion" by the U.S. Small Business Administration.

Superior Announces Dividend

Superior Industries International, Inc., an aluminum wheel supplier in Van Nuys, will distribute a regular quarterly cash dividend on its common stock at $0.16 per share.

IRIS Debuts New Product

Iris International Inc, which makes urinalysis systems and medical devices, unveiled its new iChem 100 Urine Chemistry Analyzer at the Clinical Laboratory Management Association's ThinkLab '06 Conference and Exhibition.

Wednesday in the Valley

San Fernando Valley Business Journal, Family Owned Business Awards

Monday, March 20

Strike Interrupts DASH Service

A strike initiated by employees of First Transit, Inc., will interrupt the service of four DASH Community Circulator Bus services in the San Fernando Valley according to the City of Los Angeles Department of Transportation.

Tuesday in the Valley

Encino Chamber of Commerce, Business & Professional Development Luncheon

Huffman Named VICA President

The Valley Industry and Commerce Association announced that it has hired Brendan Huffman as its next President.

United Online Buys Opobox

United Online, Inc. announced Monday its acquisition of a social networking service with over 20 million registered users.

Burbank Airport Awards Parking Contract

The Burbank-Glendale-Pasadena Airport Authority awarded a $34.5 million contract for the operation of its valet parking and self-park services at the Bob Hope Airport.

Providence Unveils Surgical Robot

Providence St. Joseph Medical Center debuted the da Vinci S Surgical System on Monday morning, Providence said it was the first hospital west of Texas to use the next generation robotic surgery technology.

Friday, March 17

Sexy Hair Names New CEO

Jim Morrison, a hair products industry veteran, has been named CEO at Sexy Hair Concepts, replacing the company's founder, Michael O'Rourke.

Mission Valley Announces Stock Split

Mission Valley Bancorp announced a 6 for 5 stock split for shareholders of record on April 3.

Saturday in the Valley

Valley Economic Development Center, Entrepreneur Training Class

Power One Revenue Expectations Down

Power-One Inc., a power conversion product manufacturer in Camarillo, revised its first-quarter revenue outlook due to a contract manufacturer's supply shortages.

Lion's Gate Hopes for Image Director Seats

Lions Gate Entertainment Corp. has filed a lawsuit seeking to ensure that Chatsworth-based Image Entertainment, Inc. puts its entire board of directors up for re-election at the company's next annual meeting.

Thursday, March 16

VEDC Relocates Women's Center

The Women's Business Center has been relocated to the Van Nuys office of the Valley Economic Development Center.

MRV Announces Private Placement

MRV Communications Inc., in Chatsworth has agreed to sell 19.9 million shares of stock for $3.75 per share to a group of institutional investors.

Friday in the Valley

Knowledge Management Forum

Alaska Airlines Marks 25 Years in Burbank

Alaska Airlines celebrated 25 years of serving the San Fernando Valley Thursday with a water cannon salute for one of its flights at the Bob Hope Airport in Burbank.

Earl Scheib Cuts Losses in Quarter

Sherman Oaks-based auto body repair and paint shop Earl Scheib Inc. today reported that it cut its loss to $352,000 or $0.08 per diluted share for the third quarter ended January 31, 2006, compared to a loss of $1.3 million or $0.30 per share for the comp

Mann, Disney Among World's Richest

In its annual listing of the world's richest people, Forbes magazine ranked San Fernando Valley businessmen Roy E. Disney and Alfred Mann.

Wednesday, March 15

Thursday in the Valley

Success Vision Networking Event

Warner Bros. and AOL to Offer Broadband TV

Classic sitcoms, cartoons and hour-long dramas will be among the offerings from In2TV, the new broadband television network from Warner Bros. and AOL.

Advanced Photonix Receives Michigan Tax Breaks

Camarillo-based Advanced Photonix announced it has received approvals for tax abatements from the City of Ann Arbor, Mich. in anticipation of the relocation of its corporate headquarters.

Countrywide Looking for Displaced Katrina Victims

Countrywide Financial Corporation, a mortgage lender based in Calabasas, has started a telephone and door-to-door campaign to look evacuees from Hurricane Katrina and put them in touch with their lender.

Tuesday, March 14

Wednesday in the Valley

Thousand Oaks-Westlake Village Chamber of Commerce, After Five Mixer

21st CFO to Exit

21st Century Insurance Group said yesterday that it has fired Lawrence P. Bascom, senior vice president and CFO due to differences in management style.

HorseTV Launches First Series

The HorseTV Channel, a newly launched cable channel, will premier its first original series on March 19.

Technicolor Selects Digital Projector

Technicolor Digital Cinema has chosen to go with the NEC STARUS projector in its upcoming roll out of its digital cinema system.

Superior Gets GM Deal

Superior Industries International Inc. in Van Nuys has been awarded new contracts from General Motors to supply large-diameter aluminum wheels for passenger vehicles and sport utility vehicles.

Monday, March 13

Medical Attention

Albert Greene, new head of Valley Presbyterian Hospital, brings experience in varied health care businesses to his new position.

Daily News Officials Get Latino Reader Reactions

Attracting more Latino reporters and giving more positive coverage to the Latino community were among the issues raised March 7 at a town hall-style meeting sponsored by the Daily News.

Action Oriented

The owner of the Valley Play It Again Sports locations is winning with his business strategy.

Aerospace Company Moving Plant To Accommodate Boost in Orders

A Santa Clarita aerospace company is moving to larger quarters due to a boost in business.

Tuesday in the Valley

Sherman Oaks Chamber of Commerce, Board of Directors Meeting

Technicolor Sets Rollout of Digital

Technicolor lays out its strategy for rolling out digital cinema technology.

Universal Studios Boosts Sales, Marketing Departments

Universal Studios Hollywood has added two executives to its sales and marketing departments in order to boost attendance.

Affordable Housing Firm Expands As Number of Projects Increases

Affordable housing firm Amcal Housing has gone on a recruitment spree.

Hospital Officials Say Study Shows Need for Facilities

Local hospital officials react to a recent study on the health care industry.

Office Development Market Reignited in Conejo Valley

Senior Reporter Shelly Garcia writes that the office development market in the Conejo Valley is showing rising numbers

Stalled Valley Plaza Project Taking Form

The long-stalled redevelopment of Valley Plaza in North Hollywood is finally taking shape.

The Lure of Franchises

Westlake Village consultant debunks some myths about owning franchises.

Imaging3 Filling Wide-Open Space in Medical Diagnostics

A column by Staff Reporter Jonathan D. Colburn devoted to news at local public companies debuts.



New Method for Selling Unused Radio Time Gaining Traction

Encino firm comes up with a better method for selling unsold radio advertising time online.

Internet Boosts Action in Sale of Small Businesses

The Internet has made it easier to sell small businesses.

DTS Buys Movie-Booking Software

DTS, Inc. has entered into an agreement to acquire an online booking and scheduling system for theatrical films.

Semtech Hires New CEO

Semtech Corporation, a Camarillo-based supplier of computer semiconductors, has named Mohan Maheswearen as president and CEO.

How to 'Back Away' From A Business Without Selling

Columnist Andrew D. Horowitz discusses how to exit a family business without selling it.

Valley Firm Learning How To Fight Foreign Competition

Valley company learns how to fight foreign competition.

Amgen Drug May Help Heart Patients

Aranesp, an anemia drug developed by Amgen Inc., helped to improve symptoms in patients with heart failure in a small clinical trial, the company announced Monday.

Galpin Opens Auto Sports Center

Galpin Motors has opened Galpin Auto Sports, a full-service customizing center for cars and trucks.

Valley-Area Tech Companies Turn in Mixed Performance

Results were mixed for the largest technology companies in the San Fernando Valley in the final quarter of 2005.

Firm Boosts Health Care Presence

Calabasas health care firm purchases Florida company.

21st Century Road to Expansion May Have Hurdles

The road to long-term success in 21st Century Insurance's expansion strategy may include some short-term sacrifices.

Friday, March 10

Superior Reports 4Q Loss

Superior Industries International, Inc., a manufacturer of automotive aluminum wheels and auto parts in Van Nuys, reported to a net loss of $19.1 million, or $0.72 per share on revenues of $218.8 million for the fourth quarter of 2005.

Guitar Center Sued in Florida

In a filing to the Securities and Exchange Commission, Guitar Center Inc. announced it has been named in a lawsuit that claims the retailer tried to keep a competitor from finding vendors.

Monday in the Valley

Encino Chamber of Commerce, Board of Directors Meeting

Iger: Animation is Priority

Walt Disney Co. Chief Executive Officer and President Robert Iger touted Disney's dedication to keeping animation a priority on Friday at the company's annual shareholder meeting.

Thursday, March 9

3D Systems Files Patent Suit

3D Systems Corporation is suing Envisiontec Inc. in Eastern Michigan and two other companies for infringing several of its stereolithography patents.

Friday in the Valley

San Fernando Chamber Board of Directors Meeting; Thousand Oaks-Westlake Village Regional Chamber of Commerce, A Night on Broadway

Realtor Group Elects New President

Steve White, owner and operating principal of Keller Williams Realty Santa Clarita Market Center, was installed as president of the Southland Regional Association of Realtors.

Wednesday, March 8

THQ Looking for In-Game Ads

Video game developer THQ Inc. has hired Double Fusion to represent three of its upcoming titles to advertisers and agencies.

Thursday in the Valley

Valley Economic Development Center, Business Plan Basics; AeA, Technology Leaders Dinner

Salem 4Q Profit Down

Salem Communications said that decreased business across the radio industry and a lack of political advertising throughout the year combined to send its fourth quarter profit down 11 percent.

Tuesday, March 7

IHOP Pulls Over $300,000 for Charity

IHOP gave away nearly one million pancakes at over 1,200 restaurants on February 28 in order to raise money for several charities.

"Cars" Trailers Coming

The trailer for the much anticipated Walt Disney Co. and Pixar film "Cars" takes to the streets Friday via Disney company-owned television and cable stations and theme parks.

Wednesday in the Valley

North Valley Regional Chamber of Commerce, Health & Wellness Networking Cluster, Special Events & Entertainment Networking Cluster.

Glendale Designer Wins Retail Award

Palladeo, a Glendale-based designer and builder of retail environments, has won an award from Chain Store Age magazine.

Costs Could Hamper Needed Development, Study Says

Rising construction materials and land costs could hamper much needed development in the area, according to a study just released by the Los Angeles County Economic Development Corp.

Monday, March 6

K-Swiss Declares Dividend

K-Swiss Inc., an athletic footwear company in Westlake Village, declared a quarterly cash dividend of $0.05 per share for the first quarter of fiscal 2006.

WellPoint Donates $15 Million for Nurses

The Foundation for California Community Colleges received a $15 million endowment from WellPoint Inc. to support the expansion of nursing programs at California Community Colleges.

Semtech 4Q Earnings Up

Semiconductor manufacturer Semtech Corp. announced Monday that its fourth quarter income had increased 9 percent over the same period a year ago.

MannKind Starts Phase 3 Trials

MannKind Corporation in Valencia is enrolling patients in two twelve-month Phase 3 clinical trials for its Technosphere Insulin product.

Tuesday in the Valley

North Valley Regional Chamber of Commerce, Business to Business Networking Cluster, Senior Services Networking Cluster; Valley Economic Development Center, All About Business Loans

Friday, March 3

Bank of Santa Clarita Sees Improvement

Bank of Santa Clarita reported assets and new loans all rose in the fourth quarter of 2005 compared to the like period last year.

Target Renews With Cherokee

Cherokee Inc. said today that Target Corp. has extended its licensing agreement with the company through January, 2008.

MTA Has Valley Opening

Lancaster Mayor Frank C. Roberts is stepping down from his spot on the Metropolitan Transportation Authority Board of Directors creating a vacancy for a San Fernando Valley representative.

Van Nuys Students Tour Wells E-Bus

Five elementary school winners of an essay contest sponsored by Valley Presbyterian Hospital were awarded $100, a savings bond and tours of the Wells Fargo E-Bus on Friday.

Monday in the Valley

Encino Chamber of Commerce, Executive Committee Meeting

Thursday, March 2

Homestore Posts Loss

Payment of legal fees related to litigation led Homestore Inc. to report a $4.6 million loss, or $ 0.03 per share, on revenues of $66.6 million in the fourth quarter.

3D Systems Posts Record Revenue

3D Systems Corporation reported net income of $6 million on revenues of $44.1 million in the fourth quarter of 2005, compared with earnings of $3.1 million on revenues of $38.3 in the previous year.

Ryland Declares Dividend

The board of directors of The Ryland Group Inc. declared a first-quarter dividend of $0.12 per share.

IRIS Earnings Up

IRIS International, Inc., a producer of urinalysis technology in Chatsworth, reported a 110 percent increase in net earnings for the fourth quarter of 2005.

Friday in the Valley

Universal City/North Hollywood Chamber, VIP Ribbon Cutting for McDonald's

Wednesday, March 1

MannKind to Present

MannKind Corporation will present at the Cowen & Co. 26th Annual Health Care Conference on March 6-9 at the Boston Marriott Copley Place in Boston, Massachusetts.

Mixed-Use Project Underway in Burbank

Construction is set to begin next week on the second phase of the $90-million Burbank Entertainment Village development.

Valley Pres Names CEO

Albert Greene has joined Valley Presbyterian Hospital as President and CEO.

Thursday in the Valley

Valley Economic Development Center, Business Plan Basics

Digital Insight Extends Agreement

Digital Insight Corp., an online banking provider in Calabasas, renewed and extended its agreement with ABN AMRO in the Netherlands, the parent company of Chicago-based LaSalle Bank Corporation, through 2010.