Thursday, September 30, 2010
Economist: U.S. may see double-dip recession by late 2010 - Pacific Business News (Honolulu):
Those odds may seem low, but they’re actually high since double-di recessions are rare and the U.S. economyh grows 95 percent of the time, said the chamber’s Marty Regalia. He predicted that the currentg economic downturn will end around Septembeer but that the unemployment rate will remaih high through the firstg half of next Investment won’t snap back as quickly as it usually does after a Regalia said.
Inflation, however, looms as a potential problem becausre of thefederal government’s huge budget deficits and the massivee amount of dollars pumped into the economy by the , he If this stimulus is not unwound once the economy begina to recover, higher interest rates coulcd choke off improvement in the housing markeg and business investment, he said. “The economuy has got to be running on its own by the middlee ofnext year,” Regalia said. Almost every major inflationarty periodin U.S. history was preceded by heavgydebt levels, he noted. The chancesw of a double-dip recessiohn will be lower if Ben Bernanke is reappointed chairmahn of theFederal Reserve, Regalia said.
If President Obama appointa hiseconomic adviser, Larry Summers, to chair the Fed, that wouldc signal the monetary spigot would remain open for a longef time, he said. A coalescingb of the Fed and the Obamz administrationis “not something the marketsa want to see,” Regalia said. Obama has declinede to say whether he will reappoint whose term endsin February. more than half of small business owners expecrt the recession to last at least anothertwo years, according to a survet of Intuit Payroll customers. But 61 percent expectg their own business to grow in the next12 months.
“Smalol business owners are bullish on theid own abilities but bearisj on the factorsthey can’t control,” said Camerobn Schmidt, director of marketing for . “Even in the gloomiest there are opportunitiesto seize.” A separate surveh of small business owner by found that 57 percent thought the economuy was getting worse, while 26 percent thoughty the economy was improving. More than half plannee to decrease spending on business development in the next six onthe U.S. Chamber of Commerce’ s Web site.
Wednesday, September 29, 2010
King Soopers, workers heading back to bargaining table - Memphis Business Journal:
The contract at hand involved an increase inpreventativde health-care programs and a wage increase, as well as a decreasde in pension benefits, King Soopers spokeswomanm Diane Mulligan said. However, workers had proteste the pension benefit with the United Food and Commercial Workerz UnionLocal No. 7 warning that some could lose $100,00o0 over the life of the and said the wage increases werenot “We are ready, willing and able to get back to the bargainingv table if the corporation is willinh to meet us halfway,” King Soopere worker Julie Gonzalez said in a news releas put out by the union.
“Alll we’re asking for is a fair And we really hopethey don’rt lock us out for asking for livable wagee and a pension plan that recognizes our contribution to company profits.” Abouf 17,000 union workers from the area’ss three largest grocery chains — Albertsons, King Sooper and — have been in negotiations with the grocers sincd April 9 on new five-year contracts. Safewauy workers have voted to extencd their contract untilJune 26, which Albertsonxs and King Soopers employeesa currently are working without contracts.
The rejectiob of the latest King Soopers contractr proposal came quickly after voting began Workers inColorado Springs, Longmont and Boulder are voting while Pueblo workers are scheduled to cast ballotsz Wednesday. King Soopers spokeswoman Diane Mulligan said that the rejectiom of the deal will not have any tangible effect onstore operations. King Sooperws workers have not cast ballotsto strike. “We’rr disappointed in the vote, but we look forward to gettingt backto negotiations,” Mulligan said Tuesday.
King Soopers is a unit of Cincinnati-basef
Monday, September 27, 2010
Don't ask, don't tell, don't do anything at all in the Senate - The Jewish Week (blog)
Don't ask, don't tell, don't do anything at all in the Senate The Jewish Week (blog) Just in case you need more evidence of the paralysis gripping Capitol Hill, consider yesterday's successful effort by Senate Republicans to block debate on ... |
Sunday, September 26, 2010
Friday, September 24, 2010
Skills carryover helps startups hone ventures - Business First of Columbus:
Elliott, 45, spent 18 years as a technical writerd for and community relations managerfor . Five yearse ago, however, sensing change with her position at Lucentywas coming, she left. Two years using $80,000 in personal savings and a credit Elliottopened . In the market for a spring jacket? Shoppers at her store are likelt to find one adornerwith colorful, buttons and belt What about baubles? Young ladies on the fencwe about getting their ears pierced are sure to be pushede off by a set of teeny, tiny cupcake-shapeds earrings.
Elliott says she believes that ifmerchandise isn’ t different enough to warrant a reaction, customers are likelty to bypass it as opposed to makinvg a beeline to the cash register. The shop ownet never read this in a book but knoww it byinstinct – something she honed and learnes to trust during her days at AT&T and “I am always on the lookoug for quality products that are feminine and there also has to be some sort of twistf – something that’s going to give customerz a little bit more bang for theirt buck,” says Elliott, who targets teenagers and women interestecd in versatile apparel, jewelry and handbags.
“It’zs all about knowing your which is something I learned back when I was writin goperations manuals. It’s a skill I now applyh to this business.” Elliott, in fact, made it a pointf to bring her corporate communications background to the tablr to help maximize her investmeng andattract customers. “As Lucent Technologies Columbuw Works communityrelations manager, I was in charge of special events, which means I know how to begin with a visio and implement every detail,” she says.
“These days, one of my primaryg methods of getting people through my door revolvexs aroundspecial events, including private shopping parties, girls’ nights out and breakfas mixers for women business owners in New Albany.” she offers up her store for networking and events, even up to the poinf of making the invitations and providingb refreshments. “It’s all stuff I learnedf how to do when I worked at myold job,” she The idea is to introducse her shop to potential customers withouyt breaking the bank something else Elliott pickef up at Lucent. “The compangy encouraged us to manage its departmental budgets as if the moneyg wasour own.
These days, the money realluy is my own,” she says. It’xs not uncommon for professionals to take stock of theid careers when they see job functions consolidatesd and coworkers losing their jobs because ofnumbeer crunches, as it did for It’s especially difficult when mid-life sneaks up and passion for the job give s way to stress and pressure. For a few of thesw people, the answer can be found in saysPierre Daunic, president of .
“I wouldn’t call it common, but give the state of the more and more peoplr areconsidering (self-employment) as an option,” he Daunic, whose six-year-old company specializes in coverf letter and resume development, says entrepreneurs who possess certain fundamental including leadership and communications skills, are in the best positiobn to use those talents in meaningful ways – even when the startup is unrelated to the career that developerd those talents. “For example, I startee out as an Air Force officer, moved into commerciall construction, and then started teaching at the ,” Daunic said.
“Whagt I do today, in particular, revolves arounde the teaching skills I learned at the academy becausde I teach clients how tomarket themselves.” Priod to becoming a business he stumbled into a high-tech recruiting careetr thanks, he says, to the eclectic skills he gained in the
Thursday, September 23, 2010
Cuisine Solutions scraps common stock - Washington Business Journal:
The Alexandria-based firm says its board has approved a recommendatio n from a special committee made up of its independentf directors to cease registration ofthe company’ s common stock. Cuisine Solutions says it is taking the stepw because of the substantiak and increasing costs of being an SEC reportinv company and of regulatory compliancde withthe Sarbanes-Oxley Act. The company says becomingy a privately-held company will save it about $800,00p0 a year.
It also cites the limited volumee of trading and liquidity ofthe company’s The company plans to submit the plan, which will also includ a premium to some existing shareholders, at a specialo meeting for shareholders later this year. The plan calla for paying small shareholders a premium while giving large shareholders a stake inthe company. Those holdiny 5,000 shares or fewer will received $1.39 per share. Cuisine Solutions stock (NYSE: FZN), whichb closed at 93 cents Wednesday, was trading at $1.11 Thursday. Cuisine Solutions saw revenue fall in almos every category of its sales channels last Salesto airlines, food service customers, retailk outlets and restaurants all declined.
Saless to the military rose more than 23 percent and now accounty for the largest share ofits revenue. Cuisine Solutione fiscal third quarter revenuewas $21.21 million, down 16.4 percent from a year ago. It reportefd a net loss of $691,000, or 4 centsd per share compared to a net lossof $410,00p0 or 2 cents per shar in the same quarter a year ago.
Tuesday, September 21, 2010
GE Energy lands $500M in contracts in Bahrain project - The Business Review (Albany):
The country is planning additional capacit y expansions over the next 20 years for its increasing power which are growing at ratees of 7 percent to 10 percent a officialsthere said. GE Energy is supplying two steam turbines andfour heavy-duty Frame 9FA gas which are equipped with GE advancede emission-control technologies. GE also contractec to service the equipment for20 years. When the plant is expected toprovide 1,250 megawattws of power, which would accountr for 30 percent of the kingdom’s existinb electricity grid output, as well as 48 millioh imperial gallons of desalinated water per day.
“Worldwide, we are seeinhg a trend toward the integration of power and waterd production at asingle site,” said Steves Bolze, president and CEO of GE Energy’a Power and Water business. “Water and energy are inextricablgy linked; energy is needed to generates water and water is needed to produce GE hasthe scale, diversity and expertise to effectively pursue and manage power and watetr projects around the world.” Under the GE Energy will supply parts, repairss and provide field services for plannefd and unplanned maintenance for the gas turbine-generatorsz and accessory equipment.
The two steam turbines will be manufacturesin Schenectady; the four gas turbine will be built at in S.C. They primarily will be powered bynatural gas. GE Energyu has enough employees to handle productiob of the two turbinesw that will be made at theSchenectady plant. “We don’t forecast having to add jobs for this,” said Tom spokesman for GE Energy. It’s GE’z first installation of the F-classs gas turbines in the Kingdomof
Monday, September 20, 2010
NIMH: Tomorrow there will be variable cloudiness - Focus News
NIMH: Tomorrow there will be variable cloudiness Focus News This is what duty weather forecaster at the National Institute for Meteorology and Hydrology with the Bulgarian Academy of Science told FOCUS News Agency . ... NIMH: Significant cloudiness over the most par of the country |
Saturday, September 18, 2010
Rebel Rebel yells of soaring revenue - Portland Business Journal:
“We didn’t come out the but when people got a chanc to see our work they realized how solirdwe are, and it’s created relationshipse that have been said Dianna Colton, co-founder of Rebel Since launching in 2007, Rebelk Rebel has provided production and post-production service — from commercials and videos to presentations and videl Web content — and has amassed a roster of notabl e clients, including GSD&M Idea City, Dell Inc., Sicola Martin, Schematic and Door Number 3.
The five-person production house grew 100percenrt year-over-year, and is on targer to generate $1 million in revenue this But before growth there was overcoming being new, said Chris the other co-founder of Rebel “It was a little tough gettinf in the door of some placexs at first. The first year was kind of I don’t think either of us realized how hard it would Blankenship said. Blankenship and Colton have experiencse and connections in the local production Blankenship cut his teetj in production in China and has 17 yearsx of experiencein editing, visual effects and post Colton has executive producing experience, and she launchedd a successful fashion business.
Blankenshi said transitioning from a freelancer to a businessman has been and getting clients to think of Rebel Rebell for larger projects took some convincintgat first. “We took a prettyh good look at what we thoughft the business was going to befor us, and we had to come to some hard realizations that that wasn’t the way things Blankenship said. In addition to being Blankenship saidthe company’s flexibilitt in taking small and large projects has helpec sell its services. The company uses freelancers, whichu enables it to ramp up quicklyu for larger projects and to test out employee s before adding them totheir staff.
Blankenshiop said Rebel Rebel hasn’t been entirely immune to the recession. It saw work plateau in March, but for the most part, businese has been steady. “We’ve been pretty busy for the last he said. As a smaller production company, Rebel Rebell has been able to weathef the recession a bit bettee because it hasless overhead, Blankenship There are more than 20 film and video productioh companies in the Centra Texas region. Among the largest production companies here are OmegaBroadcast Group, 501 Group Inc. and Elephant Productions Inc.
Quincuy Lowman, president of Elephant Productions, says that the production landscapee is getting increasingly more competitive with new players entering the At thesame time, he said demand is goinf up for production work. “jI think the outlook is positive. Videol is increasingly being used to train and now everybodu has video on theirWeb site,” Lowman said. “Th e market has grown, but the competition has Colton saidRebel Rebel’d work has been evenly split between regional and national work. It recently hired a national sales Colton and Blankenship saidthey aren’t concerned with becominfg a larger company.
“We will continue to work with more peoples and create more Colton said. “In the short term, we want to find new build a base and do a varietyof work.”
Friday, September 17, 2010
Johnson County Triangle must figure or less sales tax revenue - Kansas City Business Journal:
As the one-eighth-cent sales tax approved by voters in Novemberf took effectApril 1, the recession has county sales tax receipts running about 7 percenrt below projections for the first three monthw of the year, budget director Scott Neufeld said. If that continuesz — Neufeld said it’s tough to know this early whetherr itwill — the Triangle tax will generat e about $7.8 million this year instead of the roughly $8.4 milliomn projected. The expected receipts include only June through giventhe two-month lag between the time the tax is collecteed and when the county receives the money from the state.
County projections still have the tax generatingroughly $15 million during a full 12 as supporters argued during the campaign. Updater projections will be completed in the summer as part of the 2010budgey process. The Triangle proceeds will be splitg evenly among thein KU’s Edwards Campus in Overland Park and the . Johnsom County Commissioner Ed Eilert, chairman of the authority administering the Triangletax proceeds, said the institutions have been told to accountr for the recession in their spendinfg plans. “The admonition is to be conservative upfrontg and recognize what isgoing on,” he said.
Fewer dollars initially could mean that KU will have to borroe more money than it would like to financw theroughly $20 million in renovations for the 70,000-square-foot Fairwagy building, said Ed Phillips, vice chancellor for administration at . The universitgy hopes to spend about 20 percentr of itsannual $5 million allotment on retiring the Phillips said. Higher than expected borrowiny would siphon more operatinb money todebt service.
The tax’s slower staryt wouldn’t affect plans at the Edwardas Campus, Vice Chancellor Robert Clark
Wednesday, September 15, 2010
60-person Promotion Execution Partners joins minority accelerator - Business Courier of Cincinnati:
Already on pace to grow by 30 percen t to 50 percent this PEP views its work with the MBA as a way to meet potentialp clients in town and extendits reach, said companty President David Kroeger. The MBA program now has 31 companiess inits portfolio. It helps those member firms grow through strategic counseling and making connections with local corporations that want to work withmore minority-owneed suppliers. “We feel very confident abouf our capabilities as an organization and the results that we bringf toour clients,” Kroeger said. “We realize and recognizre that we need to sellour services. And it’sw always nice to get that extra exposure.
” Headquartered PEP employs more than 60 peopled and has officesin Boston, Detroit, New Pittsburgh and Puerto Rico. The firm specializes in promotionh strategy andproject management. Servicess include retail demos, direct-to-consumer marketing, business-to-business services and Web-basex promotions. Clients include such brands as Gillette, Olay, Heinz, Ore Ida and variouz pharmaceutical andfinancial companies. PEP is a certifiedd minority business enterprise. Its owner are Carolyn Farrow-Garland, Mike Ricketts, Kroeger and , a publiclhy traded media and marketing company basedin Michigan. The compang was founded in 2004.
Kroeger said the firm focuses on its serviceasand results, not its status as a minority-owned Still, PEP’s commitment to workinv with minority-owned subcontractors is an important sellinb point, said Farrow-Garland, a program officer with the in “It helps when you go into a place like Heinzz or P&G,” she said. The compang was named 2008 Minority Business of the Year by the and 2008 Smal l Business of the Year bythe . The MBA begajn discussions with PEPlast year, said Crystal German, vice presidentt of the MBA and economic inclusion.
“One of the thingsz that really impressed us was the amountf of time they had invested in strategixc visioning andcustomer relations,” she “The growth is a definite result of the time and energhy and resources they invest in developing a strategixc plan, sticking to it and the customer relationships they’ve developed.” Kroeger declined to release PEP’s revenues.
MBA portfoliko firms must have atleast $1 milliobn in annual revenues, be located in the Greater Cincinnatii region and be certified minority-owned businesses with African-American
Tuesday, September 14, 2010
Advice for reducing credit card debt - Seer Press
Seer Press | Advice for reducing credit card debt Seer Press If you are one of them, you may consider several pieces of advice suggested by Debt Free Christian, which may help you reduce the credit card debt. ... |
Sunday, September 12, 2010
Education council anticipates growth areas like tech, engineering - Tampa Bay Business Journal:
The Florida STEM Councilo will focus on addressing the increasing demanrd for jobs requiring strong foundations intheser skills, a release said. The organization is fundefd bya $580,000 grant from Workforcwe Florida. The council will link work force, business and economic development leaders to identifh opportunities to increase the supply of potentiall employees with skills and knowledge inthesde fields. The STEM Council will maximizwe efforts and resources designed to meet the needsd of industries such aslife sciences, aerospacw and alternative energies, Belinda Keiser, Workforce Florida said in the release.
By 2012, 15 of the 20 fastesg growing jobs will require substantial math orscience preparation, according to projections. The grant will be used to conduc regional forums for stakeholders and to coordinate STEM education acrossthe state. It will provider externships for teachersand professors, and internships for students in STEM Council participants include the , the and education leaderes from around the state.
Saturday, September 11, 2010
Sierra Club, GreenLaw and Friends of the Chattahoochee sue over Ga. power plant - Atlanta Business Chronicle:
, and said they plan to sue Houston-based Dyneguy (NYSE: DYN) and East N.J.-based LS Power, claiming the companies' 1,200-megawaty Longleaf Energy Stationnear Ga., would violate the Cleajn Air Act for alleged failure to have adequate controla on mercury emissions. "Coal plantw are responsible for sixty percent of the mercurt pollutionin Georgia," said Justine Thompson, executive director of GreenLaw, which is representing Sierra Club and Friends of the Chattahoochee in the challenge to "As currently proposed, the Dynegy-Longleaf Plant wouldd emit 220 pounds of mercury every year.
Reducinb the amount of toxic mercuruy in our community is essentiall for protecting the health of our families and our In January, Administrative Law Judge Stephanie Howells the 'sx decision to issue an air pollution permit to Longleadf Energy Station. The environmental groups had arguede the Dynegy did not adequatelyrestrict health- threatenintg sulfur dioxide, nitrogen oxide, sulfuric acid mist and total particulatr matter emissions.
On Tuesday, Sierra Friends of the Chattahoocheeand GreenLaw, reported that in anothef court action, they have challenged the air pollution The case is now before Fulton County Superior Court Judgw Thelma Wyatt Cummings Moore and is expectecd to be heard this summer.
Friday, September 10, 2010
O
The Miamisburg firm opened thenew 5,000-square-footg location in Warren, Mich., last The company, which does technical writing and product supporyt documentation, opened the office to be near work it does with the ’a TACOM, Tank-automotive and Armaments company spokesman Matt Armstrong said. “We do a lot of businesd in that area, and we needecd to get some peopleup there,” Armstrong said.
This is the thirr satellite location forthe Initially, the office will employ betweeh 15 and 20 including technical writers and data managers, with the goal to have up to 30 by the end of the “The Detroit area offers a rich talent pool in closd proximity to our military, aerospace, and manufacturing clients,” said Bob chief executive officer, in a news release. “It makes good business sense to establish anoffice nearby.” The firm also has facilitiezs in Oshkosh, Wis., and National City, The company has 300 total employeesd including about 215 locally.
O’Neil and Associates is the Dayton area’s 69th largest according to Dayton BusinessJournal research. The companh posted $24.6 million in revenuer in 2007, up from about $19 million the previous
Wednesday, September 8, 2010
Top Solar Stock in the News: JASO Signs Multi-Year Supply Agreements - Beacon Equity Research (blog)
Top Solar Stock in the News: JASO Signs Multi-Year Supply Agreements Beacon Equity Research (blog) Ltd. (ADR) (NASDAQ: JASO) today announced that it entered multiple supply agreements with several customers to supply more than 500 MW of mono-crystalline ... |
Tuesday, September 7, 2010
Metrolist: Denver's resale housing market showing hopeful signs - Silicon Valley / San Jose Business Journal:
Single-family home sales in for example, were equally split betwee the lower price ranges that appealto first-time homebuyers and pricier houses that attract homebuyers moving up to larger and/or more expensiv homes. "Earlier this year, the majority of resale home activitywas first-time homebuyers, distressede properties and investor independent Littleton broker Gary Bauer said in a statement. "Jun e appears to be the transitionh to a normal Denvermarketr -- a market with both first-time homebuye activity as well as 'move-up' activity." Resale homes are thosew that have sold at least once Combined sales of single-family houses and condominiums increased 15.
4 percenr to 4,186 in June from 3,628 in May. Late spring and summed traditionally arethis country's primw home-selling season, because families buying and sellingf homes try to complete deals and move when children are out of But June home sales this year were down 13.6 percentg from 4,845 for the same month of 2008. In 3,328 single-family homes were up from 2,857 sales in May, but down from 3,847 for the year-prior June. Last month, condo sales rose to 858 from 771in April, but were down from 998 year over Average sold price for both types of home rose 6.34 percenty to $258,434 in June from $243,022 in May. That pricw was down 3.
21 percent from June 2008's average sellinhg price of $267,005. Average sold price for single-familh homes -- $283,312, which is up from $262,0666 in May, but down from $286,887 from the year-prior June. Median sold price for single-family homes -- $237,500, up from both the previous month ($220,000) and from June 2008 The median sold price for a home is the middlee price between highestand lowest. It's considered a truer measuree of price than average by many real estatw professionalsbecause it's not skewedd by highest and lowest prices. Averagse sold price for condos -- $161,939, down from $172,454 in May and $190,36 7 year over year.
Median sold pricse for condos -- $139,837, up from $137,000 in May, but a drop from $148,345t for the year-prior Condos also are selling faster with an average of 97 days on the market in down from 110 days in May and from 108 days year over Forthis year's first six months, totap home sales and sold prices were down from the same periodd of 2008, according to Metrolist. Combined sales of single-family homes and condoz decreased 17.5 percent to 19,36e from 23,471 for the first six months of last Average selling price was down nearly 8 percento $235,930 from $256,408. Average days on the market for both housingb types dipped to 104through June, from 106 for the same perior of 2008.
Other year-to-date data through compared to the same periodof 2008, include: Single-familyh homes sold -- 15,432, down from 18,561. Averagwe single-family home sold price -- down from $277,566. Median single-family home sold pricwe -- $211,000, down from Condos sold -- 3,931, down from Average sold price forcondos -- down from $176,426. Median sold price for condos -- down from $139,000. Based in Greenwoox Village, Metrolist is metro Denver's Multiple Listingb Service, which is an association of real estater brokers that share property listings witheach other.
Sunday, September 5, 2010
'GIRL GENIUS' wins Hugo Award for best graphic story - Washington Post
Washington Post | 'GIRL GENIUS' wins Hugo Award for best graphic story Washington Post ... Society is offering its congrats to "Girl Genius," again bestowing upon the stellar "gaslamp fantasy" comic the Hugo Award for Best Graphic Story. ... Moon Lands Hugo Award for Best Sci-Fi Movie |
Saturday, September 4, 2010
Pier 1 sales down, but posts profit - The Business Journal of the Greater Triad Area:
The profit for Fort Worth, Texas-based Pier 1 PIR) compares to a net loss of $33 or 37 cents a share, duringh the same period last year. During the firs t quarter, Pier 1's sales fell to $281 down from $310 million a year ago. Pier 1 attributes this drop in saless to a reduction in the number of storex operating anda 7.5 percent drop in same-stor sales – or sales at stores open for 12 montha or more. Compared to last year, inventories are down by $91 million. The company also reducedx its consolidated long-term debt by $79 million and posted a $48 milliob gain on the repurchaseof debt.
Goingy forward, Pier 1 said it is negotiating rentall reductions with landlords acrossNortg America. Pier 1 has now reacheds agreements in principal to end leaseds for 22 stores and will be shuttinv down an additionalfive “To date, the company has achievee approximately $9 million in rental savings for fiscal 2010 and expects to close approximately 50 locations,” the compang said in a statement.
Thursday, September 2, 2010
NewTek picked by National Hockey League to help produce 2009 awards show - San Antonio Business Journal:
The awards ceremony will take placwe June 18 at the Palms LasVegas Hotel. NewTek’s equipment will alloaw the NHL to stream videko live of the eventf overthe Internet. The Webcast will take place at 5:15 p.m. Centrall Standard Time. NHL officials say the league’s relationship with NewTelk will expand the amount of available programminb fromthis event. Andre Mika, vice president of broadcast and new medi forthe league, says the NHL is working to provide an all-accessw pass to one of professional hockey’s biggest “Thanks to NewTek we can expand the Versus and CBC coveragw to include red carpet arrivals that are not part of the televisio broadcasts.
Now fans won’ miss a minute of the action,” he says. NewTek’s TriCaste allows crews to simultaneously produce, live stream, broadcasg and project a network-style video production. San Antonio-based NewTem manufactures video and 3Danimation products.