Stories for March 2006
Friday, March 31
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.
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 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.
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.
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.
San Fernando Chamber of Commerce, Miss San Fernando Pageant, Calabasas Chamber of Commerce, Method Fest Independent Film Festival Gala Party
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
A Burbank company has been tapped by the Canadian Cable Systems Alliance to be the preferred content provider for systems offering video on demand.
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.
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.
A Van Nuys parcel of land measuring just under 27,000 square feet was sold for $1,175,000.
Tuesday, March 28
A newly formed trade group for advertising professionals in Santa Clarita will hold its first awards competition on April 2.
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, 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.
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
The Joint Commission on LAUSD Governance will hold two community outreach meetings in the San Fernando Valley.
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.
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.
Galpin Motors hopes to capitalize on the soaring demand for after-market products and services with a newly opened store, Galpin Auto Sports.
Arnie and Sherri Friedman so enjoy running their business CPI Solutions Inc. that not even vacations give them a break.
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.
The Valley Industry and Commerce Association has announced the hiring of Brendan Huffman as its next president.
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.
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.
A single-story industrial building in Burbank has been sold for $2,750,000.
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.
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.
Don't tell Harold Ginsburg and Roberta Mitteldorf that kosher-style delis are a dying breed.
Artist Tommy Hollenstein Reception, North Valley Regional Chamber of Commerce, Networking Breakfast
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.
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.
Small business success is less about tactics, techniques or mechanics.
The next generation doesn't always enter a family-business wholeheartedly, but once there, many find the experience professionally satisfying and, sometimes, personally surprising.
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.
Earlier this month, Sony Corp. announced its new release date for its Playstation 3.
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.
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.
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."
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.
This is one in a series of regular columns in which Valley attorney Ira Rosenblatt answers questions from readers concerning business law issues.
This regular feature focuses on philanthropic activities by Valley-area companies and businesspeople.
Steve White, newly installed president of the Southland Regional Association of Realtors, discusses his plans for the trade association in the coming year.
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.
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
American Soil Technologies in Pacoima has acquired Advanced Fertilizer Technologies Inc., a subsidiary of UTEK Corporation, in a stock transaction.
Igor Pasternak, founder and CEO of Worldwide Aeros in Tarzana was named Entrepreneur of the Year by the Small Business Association Los Angeles office.
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 Solutions was recognized with a customer satisfaction excellence award from Cisco Systems.
The San Fernando Valley Business Journal announced today the fourth annual Family-Owned Business Awards at the Warner Center Marriot.
New Horizons, Third Annual Gala Dinner and Dance, Valley Economic Development Center, All About Business Loans
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 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
Van Nuys-based aluminum wheel supplier Superior Industries Inc. announced four multi-year programs for new and replacement aluminum wheels with the Chrysler Group.
Calabasas Chamber of Commerce, Building Your Business By Referral and Speed Pitching for Business Owners
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
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 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 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.
Monday, March 20
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.
The Valley Industry and Commerce Association announced that it has hired Brendan Huffman as its next President.
United Online, Inc. announced Monday its acquisition of a social networking service with over 20 million registered users.
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 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
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 Bancorp announced a 6 for 5 stock split for shareholders of record on April 3.
Power-One Inc., a power conversion product manufacturer in Camarillo, revised its first-quarter revenue outlook due to a contract manufacturer's supply shortages.
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
The Women's Business Center has been relocated to the Van Nuys office of the Valley Economic Development Center.
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.
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.
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
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
Classic sitcoms, cartoons and hour-long dramas will be among the offerings from In2TV, the new broadband television network from Warner Bros. and AOL.
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 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
21st Century Insurance Group said yesterday that it has fired Lawrence P. Bascom, senior vice president and CFO due to differences in management style.
The HorseTV Channel, a newly launched cable channel, will premier its first original series on March 19.
Technicolor Digital Cinema has chosen to go with the NEC STARUS projector in its upcoming roll out of its digital cinema system.
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
Albert Greene, new head of Valley Presbyterian Hospital, brings experience in varied health care businesses to his new position.
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.
The owner of the Valley Play It Again Sports locations is winning with his business strategy.
A Santa Clarita aerospace company is moving to larger quarters due to a boost in business.
Technicolor lays out its strategy for rolling out digital cinema technology.
Universal Studios Hollywood has added two executives to its sales and marketing departments in order to boost attendance.
Affordable housing firm Amcal Housing has gone on a recruitment spree.
Local hospital officials react to a recent study on the health care industry.
Senior Reporter Shelly Garcia writes that the office development market in the Conejo Valley is showing rising numbers
The long-stalled redevelopment of Valley Plaza in North Hollywood is finally taking shape.
A column by Staff Reporter Jonathan D. Colburn devoted to news at local public companies debuts.
Encino firm comes up with a better method for selling unsold radio advertising time online.
The Internet has made it easier to sell small businesses.
DTS, Inc. has entered into an agreement to acquire an online booking and scheduling system for theatrical films.
Semtech Corporation, a Camarillo-based supplier of computer semiconductors, has named Mohan Maheswearen as president and CEO.
Columnist Andrew D. Horowitz discusses how to exit a family business without selling it.
Valley company learns how to fight foreign competition.
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 Motors has opened Galpin Auto Sports, a full-service customizing center for cars and trucks.
Results were mixed for the largest technology companies in the San Fernando Valley in the final quarter of 2005.
The road to long-term success in 21st Century Insurance's expansion strategy may include some short-term sacrifices.
Friday, March 10
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.
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.
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 Corporation is suing Envisiontec Inc. in Eastern Michigan and two other companies for infringing several of its stereolithography patents.
San Fernando Chamber Board of Directors Meeting; Thousand Oaks-Westlake Village Regional Chamber of Commerce, A Night on Broadway
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
Video game developer THQ Inc. has hired Double Fusion to represent three of its upcoming titles to advertisers and agencies.
Valley Economic Development Center, Business Plan Basics; AeA, Technology Leaders Dinner
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 gave away nearly one million pancakes at over 1,200 restaurants on February 28 in order to raise money for several charities.
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.
North Valley Regional Chamber of Commerce, Health & Wellness Networking Cluster, Special Events & Entertainment Networking Cluster.
Palladeo, a Glendale-based designer and builder of retail environments, has won an award from Chain Store Age magazine.
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 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.
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.
Semiconductor manufacturer Semtech Corp. announced Monday that its fourth quarter income had increased 9 percent over the same period a year ago.
MannKind Corporation in Valencia is enrolling patients in two twelve-month Phase 3 clinical trials for its Technosphere Insulin product.
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 reported assets and new loans all rose in the fourth quarter of 2005 compared to the like period last year.
Cherokee Inc. said today that Target Corp. has extended its licensing agreement with the company through January, 2008.
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.
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.
Thursday, March 2
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 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.
The board of directors of The Ryland Group Inc. declared a first-quarter dividend of $0.12 per share.
IRIS International, Inc., a producer of urinalysis technology in Chatsworth, reported a 110 percent increase in net earnings for the fourth quarter of 2005.
Wednesday, March 1
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.
Construction is set to begin next week on the second phase of the $90-million Burbank Entertainment Village development.
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.