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		<title>Gov. Beshear Announces Expansion of Clopay in Bracken County, 290 Jobs Secured</title>
		<link>http://kentuckianabusinessforum.com/current-news/gov-beshear-announces-expansion-of-clopay-in-bracken-county-290-jobs-secured/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/gov-beshear-announces-expansion-of-clopay-in-bracken-county-290-jobs-secured/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 19:04:56 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2442</guid>
		<description><![CDATA[Expansion to entail new construction at existing plant, nearly $12.3 million investment FRANKFORT, Ky. (Aug. 25, 2011) – Governor Steve Beshear today announced the expansion of Clopay Plastic Products Company Inc. in Bracken County. The global leader in specialty films, extrusion coatings, custom printing and engineered laminations will add 62,000 square feet to its Bracken [...]]]></description>
			<content:encoded><![CDATA[<p><em>Expansion to entail new construction at existing plant, nearly $12.3 million investment</em></p>
<p><em> </em></p>
<p><em> </em></p>
<p><strong>FRANKFORT, Ky. (Aug. 25, 2011) – </strong>Governor Steve Beshear today announced the expansion of Clopay Plastic Products Company Inc. in Bracken County. The global leader in specialty films, extrusion coatings, custom printing and engineered laminations will add 62,000 square feet to its Bracken County facility. The expansion will also secure the jobs of 290 workers at the plant.</p>
<p>&nbsp;</p>
<p>“Job retention is a vital part of economic development, and the expansion of Clopay in Augusta will ensure 290 people remain on the job,” Gov. Beshear said. “The Commonwealth is delighted that this longstanding corporate citizen is making critical investments in its Kentucky plant and will continue to provide a positive economic impact on the Bracken County community.”</p>
<p>&nbsp;</p>
<p>Clopay, Bracken County’s largest employer, produces a variety of products used in the hygienic, healthcare, protective apparel and industrial markets. Construction at its existing 289,000-square-foot facility, as well as the addition of new equipment will result in a total investment of nearly $12.3 million.</p>
<p>&nbsp;</p>
<p>“This project would not be possible without the support of the city of Augusta, Bracken County and the Commonwealth of Kentucky,” said Vance Greene, Clopay’s director of operations for North America. “Clopay very much appreciates that support and looks forward to making this expansion a success.”</p>
<p>&nbsp;</p>
<p>To help make this project possible, the Kentucky Economic Development Finance Authority (KEDFA) approved a $500,000 Economic Development Bond grant to the city of Augusta for the benefit of Clopay Plastic Products Company.</p>
<p>&nbsp;</p>
<p>“Clopay has been a big part of Augusta for over half a century,” said Bill Norman, Clopay’s general manager for North America. “Today’s action by KEDFA is one very big step that will pave the way for Clopay to go forward with this important project in Augusta.”</p>
<p>&nbsp;</p>
<p>“Clopay has been one of the leading community employers in our area for a number of years, and I’m thrilled to see that commitment continue,” said Sen. Robin Webb, of Grayson. “I am proud to support the company in this expansion and wish to acknowledge the quality work force of our area that enables such an investment. This is great news for Bracken County and the surrounding area.”</p>
<p>&nbsp;</p>
<p>“This is truly great news for our community and the region as well and could not come at a better time,” said Rep. Mike Denham, of Maysville. “I’m very happy to see Clopay Plastic Products take this step and that the state could play a role in helping to preserve the 290 jobs that are affected by this decision.  This has been a cooperative effort at the state and local level, and I want to thank everyone who has participated.”</p>
<p>&nbsp;</p>
<p>“Over the years, Augusta has witnessed Clopay’s growth, and along with that growth, Clopay has brought new opportunities for Augusta,” said Augusta Mayor John Laycock. “We are now looking forward to this again. We are so happy that Clopay Plastic Products has chosen Augusta for its latest major expansion. Clopay has been a valued corporate citizen of Augusta since 1955 and it is our wish to continue this relationship for many more years.”</p>
<p>&nbsp;</p>
<p>“Clopay Plastic Products Company is a vital member of the Bracken County community, and I am pleased that they have elected to expand their operation in Augusta,” said Bracken County Judge-Executive Earl Bush. “I would like to thank Clopay management, the city of Augusta and the Commonwealth for all their efforts and cooperation in making this expansion a possibility.”</p>
<p>&nbsp;</p>
<p>For more information on Clopay, visit <a href="http://www.clopayplastics.com/">www.clopayplastics.com</a>.</p>
<p>&nbsp;</p>
<p>Information on Kentucky’s economic development efforts and programs is available at <a href="http://www.thinkkentucky.com/">www.ThinkKentucky.com</a>.  Fans of the Cabinet for Economic Development can also join the discussion on Facebook at <a href="http://www.Facebook.com/ThinkKentucky">www.Facebook.com/ThinkKentucky</a> or follow on Twitter at <a href="http://www.Twitter.com/ThinkKentucky">www.Twitter.com/ThinkKentucky</a>.</p>
<p>&nbsp;</p>
<p>A detailed community profile for Augusta (Bracken County) can be viewed at <a href="http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=101">http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=101</a>.</p>
<p>&nbsp;</p>
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		<title>L &amp; D Mail Masters expands New Albany facility with new equipment purchase</title>
		<link>http://kentuckianabusinessforum.com/current-news/l-d-mail-masters-expands-new-albany-facility-with-new-equipment-purchase/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/l-d-mail-masters-expands-new-albany-facility-with-new-equipment-purchase/#comments</comments>
		<pubDate>Thu, 25 Aug 2011 15:48:40 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2440</guid>
		<description><![CDATA[NEW ALBANY, Ind. &#8211; (August 25, 2011) &#8211; L &#38; D Mail Masters has completed the purchase of new equipment for the company&#8217;s 180,000 square-foot facility in the Grant Line Business Park.  Following the approval of a tax abatement request by the New Albany City Council, L &#38; D Mail Masters purchased the new equipment [...]]]></description>
			<content:encoded><![CDATA[<p><strong>NEW ALBANY, Ind.</strong> &#8211; (August 25, 2011) &#8211; L &amp; D Mail Masters has completed the purchase of new equipment for the company&#8217;s 180,000 square-foot facility in the Grant Line Business Park.  Following the approval of a tax abatement request by the New Albany City Council,</p>
<p>L &amp; D Mail Masters purchased the new equipment to be used for driving greater automation in data-driven direct marketing.  This will allow the company to greater serve the healthcare, financial, and higher education markets.  Founded in 1986, the full-service direct mail design and processing company currently employs more than 120 full-time associates.</p>
<p>&nbsp;</p>
<p>&#8220;We are excited to continue to grow our company, especially in this economic climate.  Our opportunities for expansion to better serve our clients have never looked better,&#8221; said Diane Fischer, president and founder of L &amp; D Mail Masters.  &#8220;The City of New Albany has been highly supportive of our growth here.  One Southern Indiana has been a great help in working with us and the city to keep us expanding.  It is nice to do business in a city where you are supported and appreciated.  We look forward to growing for many years to come in Southern Indiana.&#8221;</p>
<p>&nbsp;</p>
<p>&#8220;L &amp; D Mail Masters is a great Southern Indiana success story and we are happy to see their commitment to this community continue with this latest expansion,&#8221; said Vaughan Scott, Chairman of One Southern Indiana.  &#8220;Knowing they could expand virtually anywhere makes it especially meaningful that they continue to do so here in New Albany.&#8221;</p>
<p>&nbsp;</p>
<p>&#8220;L &amp; D Mail Masters is a true testament of what can be accomplished in this city,&#8221; said New Albany Mayor Doug England.  &#8220;They&#8217;re a wonderful corporate citizen and the City of New Albany is proud of their continuous growth and success.&#8221;</p>
<p>&nbsp;</p>
<p><strong>About One Southern Indiana:</strong></p>
<p><em>One Southern Indiana is a business advancement organization dedicated to supporting entrepreneurship, existing business growth, and attracting new enterprises to the Southern Indiana/Greater Louisville region. Representing more than 1,200 businesses, One Southern Indiana provides its clients with business intelligence, advocacy, and connections for solutions in support of regional business innovation. Since its creation in July 2006, One Southern Indiana&#8217;s economic development efforts have resulted in commitments for approximately 6,676 net new jobs in Clark and Floyd Counties. A total of 79 attraction and expansion projects have contributed more than $363 million in new initial capital and over $231 million in new annual payroll to Southern Indiana. To learn more, please visit <a href="http://r20.rs6.net/tn.jsp?llr=g9lxmucab&amp;et=1107312820900&amp;s=50&amp;e=001e0avLwc222kM4Ys11sqNiKXvJTqXJPiBEypS0EKOUEE-eCieAlAWxgdJZAHwSkPyx1An__iCNW6AB1gcLeXWa9UwnlA52wqmYrVkApmokLg=">www.1si.org</a>. </em></p>
<p>&nbsp;</p>
<p><strong>About L &amp; D Mail Masters</strong></p>
<p><em>L &amp; D Mail Mastersis a full service direct marketing company providing results-driven campaigns through creative design, high quality print, mailing production and interactive online services. Our objective is to help our clients have a conversation with their customers in a targeted, user-driven way. We use direct mail, print, email, and web sites to create effective communications our clients use for lead generation, acquisition, direct sales and customer care. L &amp; D Mail Masters has a wide range of state-of-the-art equipment and a well trained staff to complete any job.  Company clientele include insurance companies, financial institutions, universities, national sales organizations, companies publishing journals for Microsoft products and medical coding books, as well as other industry leaders.  To learn more, please visit <a href="http://r20.rs6.net/tn.jsp?llr=g9lxmucab&amp;et=1107312820900&amp;s=50&amp;e=001e0avLwc222lhClm_zX2E5q71yJr4rGZJCOFOwaviP-jICPdSE4FqM4y92Yq-bR11jxpaqqobCD3VXiznmsrif-FwYe_BoSK9AOZyZqUf_ybas3gQUcYsvw==">www.ldmailmasters.com</a>.</em></p>
<p>&nbsp;</p>
<p>CONTACTS:</p>
<p>Ginger Wilding Cloud (for One Southern Indiana)?502-742-9187</p>
<p><a href="mailto:Ginger@Distinctive-Marketing.com">Ginger@Distinctive-Marketing.com</a></p>
<p>&nbsp;</p>
<p>Diane Fischer</p>
<p>L &amp; D Mail Masters, Inc.</p>
<p>812-981-7161 x112</p>
<p><a href="mailto:dfischer@ldmailmasters.com">dfischer@ldmailmasters.com</a></p>
<p>&nbsp;</p>
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		<title>Siku, Two Year-Old Male Polar Bear Cub comes to Louisville Zoo</title>
		<link>http://kentuckianabusinessforum.com/current-news/siku-two-year-old-male-polar-bear-cub-comes-to-louisville-zoo/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/siku-two-year-old-male-polar-bear-cub-comes-to-louisville-zoo/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 14:54:42 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2437</guid>
		<description><![CDATA[The Louisville Zoo will soon have two polar bear cubs who call Glacier Run home. In early Fall Siku, a two year-old male polar bear cub from the Toledo Zoo will join Qannik, the seven month-old rescued Alaskan cub, and Arki, an adult female polar bear, along with the grizzly family of Inga, Otis and [...]]]></description>
			<content:encoded><![CDATA[<p><strong><br />
</strong></p>
<p><a href="http://kentuckianabusinessforum.com/wp-content/uploads/2011/08/Siku-toledo-1-sm3.jpg"><img class="alignright size-medium wp-image-2438" title="Siku toledo 1 sm[3]" src="http://kentuckianabusinessforum.com/wp-content/uploads/2011/08/Siku-toledo-1-sm3-300x198.jpg" alt="" width="300" height="198" /></a>The Louisville Zoo will soon have two polar bear cubs who call Glacier Run home. In early Fall Siku, a two year-old male polar bear cub from the Toledo Zoo will join Qannik, the seven month-old rescued Alaskan cub, and Arki, an adult female polar bear, along with the grizzly family of Inga, Otis and Rita. Siku’s name means “ice” in the Iñupiaq language and was chosen by schoolchildren on Alaska’s North Slope. Qannik’s name means “snowflake” in the Iñupiaq language and was also the name of the ConocoPhillips Oil field where she was found.</p>
<p>Upon Siku’s arrival in Louisville he will be off exhibit in a private den with an adjacent pool and play area for a standard 30 day quarantine, a typical period of isolation from other animals, restricted access to the public, and intense health and behavioral monitoring by keepers and veterinary staff before he goes into the exhibit rotation with Qannik and Arki. Polar Bears are solitary in the wild so there is no plan at this time to exhibit the bears together. Viewing status updates on both Qannik and Siku will be available on the Zoo’s website at <a href="http://www.LouisvilleZoo.org/">www.LouisvilleZoo.org</a>.</p>
<p>Siku’s placement at the Louisville Zoo was a key factor in Operation Snowflake, the collaboration between Alaska Zoo and Louisville Zoo, U.S. Fish and Wildlife Service (USFWS), Association of Zoos and Aquariums (AZA), Polar Bears International (PBI) and UPS that placed the rescued cub, Qannik, in Louisville. The determination was made because both the physical and psychological needs of both cubs could be met in Louisville.   “It is a little sad when our animals leave,” said Dr. Randi Meyerson, who was instrumental in the decision making process. Myerson is the Toledo Zoo’s Curator of Mammals and the Coordinator of the Polar Bear Species Survival Plan (SSP), one of the AZA’s cooperative breeding management programs, “But the Louisville Zoo’s new Glacier Run bear habitat is an excellent facility with a lot of space, flexibility, animal-training and enrichment options. Siku, Qannik and Arki have a promising future there. They will play an important role as ambassadors for polar bears in the wild, and help inspire the public to decrease their carbon footprints.”</p>
<p>The Zoo hopes eventually to breed Siku and Qannik, but no formal plans have been made at this time.  Qannik being a wild born bear would add an important genetic diversity to the captive polar bear population.</p>
<p>The bear habitat of Glacier Run, the Louisville Zoo’s newest exhibit, opened in April 2011 and shows the Zoo’s commitment to the species in both the facility design and programming. The Louisville Zoo worked closely with PBI in the process of designing and building Glacier Run and through this partnership the Zoo has been designated as an Arctic Ambassador Center.   Designed as an imaginary town on the edge of the arctic wilderness, Glacier Run is modeled after Churchill, Canada, the polar bear capital of the world and a place where humans are learning to co-exist with wildlife. The exhibit offers spectacular views, captivating stories of the arctic and unique opportunities for close-up encounters with the magnificent and iconic polar bear, as well as grizzly bears, seals and sea lions.  Guests can interact with zoo keepers, learn about current challenges to arctic environments and animals, and discover how incremental changes in our everyday activities and behaviors can make a difference for our planet and these magnificent species.</p>
<p>&nbsp;</p>
<p>#  #  #</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>The Louisville Zoo, a non-profit organization and state zoo of Kentucky, is dedicated to bettering the bond between people and our planet by providing excellent care for animals, a great experience for visitors, and leadership in scientific research and conservation education. The Zoo is accredited by the American Association of Museums (AAM) and by the Association of Zoos and Aquariums (AZA).</p>
<p>&nbsp;</p>
<p>***</p>
<p><em>Become a friend/fan of the Louisville Zoo on </em><a href="http://www.facebook.com/pages/Louisville-KY/Louisville-Zoo/57523587007"><em>Facebook</em></a><em> and </em><a href="http://twitter.com/louisvillezoo"><em>Twitter</em></a><em>.</em></p>
<p>&nbsp;</p>
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		<title>AT&amp;T Launches Microsite to Show Indianapolis Area Customers Recent Network Upgrades</title>
		<link>http://kentuckianabusinessforum.com/current-news/att-launches-microsite-to-show-indianapolis-area-customers-recent-network-upgrades/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/att-launches-microsite-to-show-indianapolis-area-customers-recent-network-upgrades/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 12:59:32 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2433</guid>
		<description><![CDATA[Hyper-Local Site Also Offers Store Locations, Wi-Fi Hotspots, Tips and Device Reviews INDIANAPOLIS, Aug. 23, 2011 /PRNewswire/ &#8212; In response to customer feedback, AT&#38;T* is offering Indianapolis area consumers a unique peek behind the curtain of AT&#38;T&#8217;s wireless network enhancements. Beginning today, AT&#38;T customers can see recent network enhancements in the Indianapolis area. An industry [...]]]></description>
			<content:encoded><![CDATA[<p>Hyper-Local Site Also Offers Store Locations, Wi-Fi Hotspots, Tips and Device Reviews</p>
<p>INDIANAPOLIS, Aug. 23, 2011 /PRNewswire/ &#8212; In response to customer feedback, AT&amp;T* is offering Indianapolis area consumers a unique peek behind the curtain of AT&amp;T&#8217;s wireless network enhancements.</p>
<p>Beginning today, AT&amp;T customers can see recent network enhancements in the Indianapolis area. An industry first, the microsite gives customers an unparalleled view of what AT&amp;T is doing to enhance the customer experience.</p>
<p>Visitors to the new &#8220;Focus: Indianapolis&#8221; microsite immediately view a map of the Indianapolis area, and are prompted to select the city or town they&#8217;re most interested in. The hyper-local map displays specific network enhancements that AT&amp;T has made in the area since the beginning of 2011. Enhancements include new cell sites, broadband speed upgrades, capacity upgrades and network connection upgrades.</p>
<p>In the Indianapolis area, year to date through August 5, 2011, AT&amp;T has:</p>
<p>&#8211;  Built six new cell sites, providing more bars in the area.</p>
<p>&#8211;  Upgraded one cell site, providing faster mobile broadband speeds.</p>
<p>&#8211;  Added 107 carriers to increase spectrum on area cell sites, providing extra capacity to reduce dropped calls and improve service quality at busy times.</p>
<p>&#8211;  Expanded 181 network connections with fiber lines at area cell sites, helping reduce dropped calls and enable 4G data speeds for compatible devices.</p>
<p>Above the map, a &#8220;Stores&#8221; tab provides visitors mapped locations and phone numbers for AT&amp;T stores in their area, and a &#8220;Wi-Fi Hotspots&#8221; tab shows Wi-Fi locations, right down to the local coffee shop.</p>
<p>In addition, AT&amp;T has created a dedicated Twitter handle that visitors can follow for up-to-date information on what is going on in the Indianapolis area.  Tweets from the @ATT_Indy handle are featured on the microsite.</p>
<p>The microsite also includes a &#8220;Did You Know?&#8221; section that provides helpful tips and suggestions for smartphone users. These tips include advice on how to extend the battery life of devices, how to manage data consumption more efficiently and much more. Third-party device reviews as well as reviews by AT&amp;T will also be featured in this section.</p>
<p>All of these sections will be updated every Thursday, helping AT&amp;T connect with its Indianapolis area customers on a more personal, hyper-local level.</p>
<p>In addition to the Indianapolis area, AT&amp;T has launched microsites for the following areas: Dallas-Fort Worth, Houston, St. Louis, Kansas City, Tampa-St. Petersburg, Miami-Fort Lauderdale, Philadelphia and Atlanta.</p>
<p>*AT&amp;T products and services are provided or offered by subsidiaries and affiliates of AT&amp;T Inc. under the AT&amp;T brand and not by AT&amp;T Inc.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>About AT&amp;T</p>
<p>&nbsp;</p>
<p>AT&amp;T Inc. (NYSE: T) is a premier communications holding company. Its subsidiaries and affiliates &#8211; AT&amp;T operating companies &#8211; are the providers of AT&amp;T services in the United States and around the world. With a powerful array of network resources that includes the nation&#8217;s fastest mobile broadband network, AT&amp;T is a leading provider of wireless, Wi-Fi, high speed Internet and voice services. A leader in mobile broadband, AT&amp;T also offers the best wireless coverage worldwide, offering the most wireless phones that work in the most countries. It also offers advanced TV services under the AT&amp;T U-verse® and AT&amp;T | DIRECTV brands. The company&#8217;s suite of IP-based business communications services is one of the most advanced in the world. In domestic markets, AT&amp;T Advertising Solutions and AT&amp;T Interactive are known for their leadership in local search and advertising.</p>
<p>Additional information about AT&amp;T Inc. and the products and services provided by AT&amp;T subsidiaries and affiliates is available at <a href="http://www.att.com/">http://www.att.com</a>.  This AT&amp;T news release and other announcements are available at <a href="http://www.att.com/newsroom">http://www.att.com/newsroom</a> and as part of an RSS feed at www.att.com/rss. Or follow our news on Twitter at @ATT. Find us on Facebook at www.Facebook.com/ATT to discover more about our consumer and wireless services or at www.Facebook.com/ATTSmallBiz to discover more about our small business services.</p>
<p>© 2011 AT&amp;T Intellectual Property. All rights reserved. Mobile broadband not available in all areas. AT&amp;T, the AT&amp;T logo and all other marks contained herein are trademarks of AT&amp;T Intellectual Property and/or AT&amp;T affiliated companies.</p>
<p>SOURCE  AT&amp;T Inc.</p>
<p>&nbsp;</p>
<p>AT&amp;T Inc.</p>
<p>&nbsp;</p>
<p>CONTACT: Tammy Rader of AT&amp;T Inc. &#8211; Indiana, +1-317-850-9665, <a href="mailto:tr9839@att.com">tr9839@att.com</a></p>
<p>&nbsp;</p>
<p>Web Site: <a href="http://www.att.com/">http://www.att.com</a></p>
<p>&nbsp;</p>
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		<title>Gov. Beshear: Core Molding Technologies to Establish Manufacturing Facility in Gallatin County, Create 39 New Jobs</title>
		<link>http://kentuckianabusinessforum.com/current-news/gov-beshear-core-molding-technologies-to-establish-manufacturing-facility-in-gallatin-county-create-39-new-jobs/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/gov-beshear-core-molding-technologies-to-establish-manufacturing-facility-in-gallatin-county-create-39-new-jobs/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 12:55:37 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2430</guid>
		<description><![CDATA[Plastic molding company to hold job fair in late August FRANKFORT, Ky. (Aug. 23, 2011) – Governor Steve Beshear today announced Core Molding Technologies, a plastics molding company, will establish a new operating subsidiary and manufacturing location in Warsaw.  The operation, which will support a significant new business venture outside the company’s traditional heavy truck [...]]]></description>
			<content:encoded><![CDATA[<p><em>Plastic molding company to hold job fair in late August</em></p>
<p><em> </em></p>
<p><em> </em></p>
<p><strong>FRANKFORT, Ky. (Aug. 23, 2011) – </strong>Governor Steve Beshear today announced Core Molding Technologies, a plastics molding company, will establish a new operating subsidiary and manufacturing location in Warsaw.  The operation, which will support a significant new business venture outside the company’s traditional heavy truck customer base, will create 39 new jobs and entail a more than $3 million investment in the Commonwealth.</p>
<p>&nbsp;</p>
<p>The newly formed subsidiary, Core Specialty Composites LLC, will manage the new business, which will occupy 62,000 square feet of manufacturing space in Gallatin County. The plant will initially produce large-scale, fiber-reinforced composite parts.</p>
<p>&nbsp;</p>
<p>“Core Specialty Composites will make an excellent addition to the Gallatin County business community,” Gov. Beshear said. “The creation of nearly 40 new jobs will provide a significant boost to the community. I am confident that Core will find Kentucky’s workforce, available resources and overall business climate to exceed its expectations. We look forward to continuing this successful partnership for years to come.”</p>
<p>&nbsp;</p>
<p>Products produced by Core are used in a variety of industries, including medium and heavy-duty trucks, automobiles, personal watercraft and other commercial products. The company, which has additional operations in Ohio, South Carolina and Mexico, plans to begin hiring in September with active production beginning in early 2012. A job fair for interested applicants will be held Tuesday, Aug. 30, 2011 from 10 a.m. to noon and 1 p.m. to 3 p.m. ET at the Gallatin County Extension Office in Warsaw.</p>
<p>&nbsp;</p>
<p>“We are excited about this expansion outside our traditional markets,” said Kevin Barnett, president and CEO of Core Molding Technologies. “For some time, we have been focused on growing our business with industries beyond our traditional heavy truck accounts, and this is the latest of several successes in that regard.”</p>
<p>&nbsp;</p>
<p>Robert “Bob” Brennan, plant manager of the company’s Batavia, Ohio plant added, “We liked the quality of the labor market in Gallatin and surrounding counties. We worked closely with state and local representatives in our targeted regions, and the combination of benefits offered by the people and officials of Kentucky and Gallatin County convinced us that Warsaw was the best location for our new operation.”</p>
<p>&nbsp;</p>
<p>The Kentucky Economic Development Finance Authority preliminarily approved the company’s parent company, Core Composites Cincinnati, for tax incentives up to $900,000 through the Kentucky Business Investment program.  The performance-based incentive allows the company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.</p>
<p>“It is so important that we recruit businesses to the Commonwealth to help our families find good jobs in Northern Kentucky,” said Sen. John Schickel, of Union. “We should continue our support of business growth to help the employment market in Kentucky.”</p>
<p>“I’m really pleased that Core Specialty Composites has decided to locate in Gallatin County and create nearly 40 jobs as a result,” said Rep. Royce Adams, of Dry Ridge.  “This will be a big help for the community and could not come at a better time. It’s further proof that our economy is getting back on a firmer footing.”</p>
<p>&nbsp;</p>
<p>“Gallatin County is honored to have Core Specialty Composites in our community,” said Gallatin County Judge-Executive Ken McFarland.  “We greatly appreciate the efforts put forth by our local, state economic boards, and look forward to a long-term commitment that will be profitable for Core, while providing needed jobs for our citizens. We indeed welcome Core Specialty Composites.”</p>
<p>&nbsp;</p>
<p>“The city of Warsaw is very excited to learn that Core Specialty Composites will be locating to our town,” said Warsaw Mayor Charles French. “The company will be moving into a building that has been vacant for several years.  The closing of the previous plant has put financial stress on the city, but this new business will help relieve that stress, as well as provide some much-needed employment to our area. The city hopes Core likes small town living as much as we do.”</p>
<p>&nbsp;</p>
<p>For more information on Core Molding Technologies, visit <a href="http://www.coremt.com/">www.coremt.com</a>.</p>
<p>&nbsp;</p>
<p>Information on Kentucky’s economic development efforts and programs is available at <a href="http://www.thinkkentucky.com/">www.ThinkKentucky.com</a>.  Fans of the Cabinet for Economic Development can also join the discussion on Facebook at <a href="http://www.Facebook.com/ThinkKentucky">www.Facebook.com/ThinkKentucky</a> or follow on Twitter at <a href="http://www.Twitter.com/ThinkKentucky">www.Twitter.com/ThinkKentucky</a>.</p>
<p>&nbsp;</p>
<p>A detailed community profile for Warsaw (Gallatin County) can be viewed at <a href="http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=081">http://thinkkentucky.com/EDIS/cmnty/index.aspx?cw=081</a>.</p>
<p>&nbsp;</p>
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		<title>ZirMed® Ranked on INC 500/5000 Listing of America&#8217;s Fastest-Growing Private Companies for Sixth Straight Year</title>
		<link>http://kentuckianabusinessforum.com/current-news/zirmed%c2%ae-ranked-on-inc-5005000-listing-of-americas-fastest-growing-private-companies-for-sixth-straight-year/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/zirmed%c2%ae-ranked-on-inc-5005000-listing-of-americas-fastest-growing-private-companies-for-sixth-straight-year/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 12:49:30 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2427</guid>
		<description><![CDATA[Healthcare Revenue Cycle Management Company Logs Three-Year Growth of 118% &#160; LOUISVILLE, Ky., Aug. 23, 2011 /PRNewswire/ &#8212; ZirMed®, a leading national provider of revenue cycle management solutions, announced today that it has been named for the sixth consecutive year to the 2011 INC magazine ranking of the nation&#8217;s fastest-growing private companies.  Beginning with the INC500 [...]]]></description>
			<content:encoded><![CDATA[<p>Healthcare Revenue Cycle Management Company Logs Three-Year Growth of 118%</p>
<p>&nbsp;</p>
<p>LOUISVILLE, Ky., Aug. 23, 2011 /PRNewswire/ &#8212; ZirMed®, a leading national provider of revenue cycle management solutions, announced today that it has been named for the sixth consecutive year to the 2011 INC magazine ranking of the nation&#8217;s fastest-growing private companies.  Beginning with the INC500 and continuing with the INC 5000, ZirMed has become one of the few companies with such a record in the prestigious listing.</p>
<p>&nbsp;</p>
<p>The INC 500/5000 is INC magazine&#8217;s annual look at the most important segment of the economy&#8211;America&#8217;s independent entrepreneurs.  In a stagnant economic environment, median growth rate of companies on the INC 500/5000 remains an impressive 94 percent.  This year, ZirMed is #177 on the ranking&#8217;s Healthcare Industry list, with an impressive three-year growth record of 118%.</p>
<p>&nbsp;</p>
<p>&#8220;When a company is deeply and fully committed to its customers&#8217; needs, good things happen.  ZirMed has become part of a rarefied group of firms in the U.S. that has met customer needs over time,&#8221; said Thomas Butts, President and CEO of ZirMed.  &#8221;We&#8217;re very proud of the passion and dedication our employees have shown in attaining this recognition.&#8221;</p>
<p>&nbsp;</p>
<p>Headquartered in Louisville, Kentucky, ZirMed currently serves over 100,000 providers including primary care physicians and specialists, therapists, medical transport services, home medical equipment providers, billing services and many others.  The company&#8217;s Internet-based services cover the entire healthcare payment process from patient eligibility verification to claims management to online bill payment and check processing for patient payments, bringing efficiency to the entire revenue stream while improving cash flow, reducing error-based claim rejections, and shortening accounts receivable days.</p>
<p>&nbsp;</p>
<p>With the majority of all new job creation in the U.S. coming from small businesses, the INC 500/5000 is a prescient indicator of the companies and industries that are driving the economy forward.  Over the years, the INC 500/5000 has identified the next generation of world-class companies, with consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea all appearing on the list in recent years.</p>
<p>&nbsp;</p>
<p>ZirMed, along with other INC 500/5000 winners, will be honored at the INC 5000 conference September 22-24, 2011 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.  Complete results of the INC 5000 can be found at www.inc.com/5000.</p>
<p>&nbsp;</p>
<p>About ZirMed:</p>
<p>&nbsp;</p>
<p>ZirMed is a nationally recognized leader in delivering revenue cycle management solutions to healthcare providers, serving more than 100,000 healthcare providers.  ZirMed leverages the power of technology to cure administrative burdens and increase cash flow, enabling providers to not just survive but thrive.  ZirMed solutions include eligibility verification, credit/debit card processing, check processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient e-commerce solutions, and lock box services.  ZirMed is ranked among Inc. magazine&#8217;s 500/5000 fastest growing companies and Healthcare Informatics magazine&#8217;s Top 100 companies.  For more information about ZirMed, visit www.zirmed.com.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>SOURCE  ZirMed</p>
<p>&nbsp;</p>
<p>ZirMed</p>
<p>&nbsp;</p>
<p>CONTACT: Kevin Weinstein of ZirMed, +1-502-657-5587, <a href="mailto:kevin.weinstein@zirmed.com">kevin.weinstein@zirmed.com</a>; or Hanni Itah of S&amp;S Public Relations, +1-847-415-9324, <a href="mailto:hitah@sspr.com">hitah@sspr.com</a>, for ZirMed</p>
<p>&nbsp;</p>
<p>Web Site: <a href="http://www.zirmed.com/">http://www.zirmed.com</a></p>
<p>&nbsp;</p>
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		<title>AASHTO President Martinovich Stresses Urgency of Sustaining Federal Transportation Funding at Current Levels</title>
		<link>http://kentuckianabusinessforum.com/current-news/aashto-president-martinovich-stresses-urgency-of-sustaining-federal-transportation-funding-at-current-levels/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/aashto-president-martinovich-stresses-urgency-of-sustaining-federal-transportation-funding-at-current-levels/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 12:37:13 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2424</guid>
		<description><![CDATA[LOUISVILLE, Ky., Aug. 23, 2011 /PRNewswire-USNewswire/ &#8212; More than 500,000 jobs and countless state and local projects to modernize and improve transportation across the U.S. are in jeopardy, according to state transportation officials.  At a news conference today, Susan Martinovich, director of the Nevada Department of Transportation and president of the American Association of State Highway [...]]]></description>
			<content:encoded><![CDATA[<p>LOUISVILLE, Ky., Aug. 23, 2011 /PRNewswire-USNewswire/ &#8212; More than 500,000 jobs and countless state and local projects to modernize and improve transportation across the U.S. are in jeopardy, according to state transportation officials.  At a news conference today, Susan Martinovich, director of the Nevada Department of Transportation and president of the American Association of State Highway and Transportation Officials, along with several top officials of state transportation departments, sent an urgent message to Congress.</p>
<p>&#8220;We&#8217;re here today to sound the alarm,&#8221; Martinovich said. &#8220;Congress must take action by September 30th, or the federal highway and transit programs that support thousands of jobs in every state will shut down.&#8221;</p>
<p>Martinovich and others attending the annual meeting of the Southeastern Association of State Highway and Transportation Officials outlined two critical actions that must be taken by Congress before the seventh extension of the Safe, Accountable, Flexible, and Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) legislation expires on September 30.</p>
<p>First, Congress must extend the 18.4-cents-per-gallon gasoline tax that provides the revenue to fund federal highway and transit programs. Second, it must pass a long-term reauthorization of those programs funded at the highest level possible.</p>
<p>&#8220;The federal government provides about $42 billion for highways and $11 billion for transit to states annually,&#8221; Martinovich said. &#8220;Sustaining this investment is imperative. Should Congress decide to reduce the program by one-third as some have proposed, it would mean the cancellation of hundreds of job-creating projects that are essential to America&#8217;s economic recovery.&#8221;</p>
<p>Mike Hancock, SASHTO president and Kentucky transportation secretary said, &#8220;Kentucky has $447 million in Federal-aid highway construction and repair projects ready for bidding over the next four months, so it&#8217;s imperative that Congress act to prevent the nation&#8217;s federal surface transportation program from expiring.&#8221;</p>
<p>The Kentucky projects include the next phase of the long-awaited and badly needed widening of Interstate 65, replacement of numerous deficient bridges, and rehabilitation of pavement on multiple interstate routes, including heavily traveled I-471 in northern Kentucky.</p>
<p>&#8220;We urgently need for Congress to pass a reauthorization bill &#8211; one that sustains funding at current levels and adjusts revenues for inflation,&#8221; Hancock said. &#8220;States need certainty. Effective planning is impossible otherwise. Without reauthorization, projects will have to be dramatically slowed, with a moratorium on new projects, because the state cannot carry federal-aid projects on its own.&#8221;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>Federal highway funding is actually a reimbursement arrangement. States first put up their own money, and then are paid back by the Federal Highway Administration from the Federal Highway Trust Fund. Kentucky has 2,200 federal-aid projects already under way. Kentucky will bill FHWA for $72 million in reimbursements in October alone and $186 million for October through December.</p>
<p>Time is running out. When Congress reconvenes in September, it has only 11 legislative days to take action.</p>
<p>Martinovich urged state transportation officials across the country to communicate with their members of Congress during this month-long congressional break when members are back in their home states.</p>
<p>&#8220;There is so much at stake,&#8221; Martinovich said. &#8220;Commuters will sit in more congestion because new projects to expand lanes or make interchanges safer will not be built. Buses will be more crowded because fewer dollars will be available to repair and replace our aging fleet. The clock is ticking.&#8221;</p>
<p>The American Association of State Highway and Transportation Officials (AASHTO) is the &#8220;Voice of Transportation&#8221; representing State Departments of Transportation in all 50 states, the District of Columbia and Puerto Rico. AASHTO is a nonprofit, nonpartisan association serving as a catalyst for excellence in transportation. Follow us on Twitter at: <a href="http://twitter.com/aashtospeaks">http://twitter.com/aashtospeaks</a></p>
<p><a href="http://twitter.com/aashtospeaks"></a>SOURCE  American Association of State Highway and Transportation Officials</p>
<p>&nbsp;</p>
<p>American Association of State Highway and Transportation Officials</p>
<p>&nbsp;</p>
<p>CONTACT: Tony Dorsey, +1-202-624-3690, <a href="mailto:tdorsey@aashto.org">tdorsey@aashto.org</a></p>
<p>&nbsp;</p>
<p>Web Site: <a href="http://www.transportation.org/">http://www.transportation.org</a></p>
<p>&nbsp;</p>
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		<title>WellPoint Completes Acquisition of CareMore Health Group</title>
		<link>http://kentuckianabusinessforum.com/current-news/wellpoint-completes-acquisition-of-caremore-health-group/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/wellpoint-completes-acquisition-of-caremore-health-group/#comments</comments>
		<pubDate>Mon, 22 Aug 2011 13:53:54 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2420</guid>
		<description><![CDATA[INDIANAPOLIS, Aug. 22, 2011 /PRNewswire/ &#8212; WellPoint, Inc. (NYSE: WLP) today announced the completion of its acquisition of CareMore Health Group.  CareMore offers Medicare Advantage plans and Special Needs Plans designed for the chronically ill in select California, Nevada and Arizona markets.  CareMore is distinguished by its unique service delivery model and Neighborhood Care Centers. The transaction [...]]]></description>
			<content:encoded><![CDATA[<p>INDIANAPOLIS, Aug. 22, 2011 /PRNewswire/ &#8212; WellPoint, Inc. (NYSE: WLP) today announced the completion of its acquisition of CareMore Health Group.  CareMore offers Medicare Advantage plans and Special Needs Plans designed for the chronically ill in select California, Nevada and Arizona markets.  CareMore is distinguished by its unique service delivery model and Neighborhood Care Centers. The transaction was announced June 8 and has now been approved by regulators in each of CareMore&#8217;s markets.</p>
<p>&#8220;We are extremely pleased to finalize our agreement even sooner than anticipated,&#8221; said Angela F. Braly, chair, president and chief executive officer of WellPoint. &#8220;This means we can now focus on the most exciting part of the acquisition, which is expanding CareMore&#8217;s proven system of providing Medicare recipients with high-quality, personalized care that improves their lives and well-being.&#8221;</p>
<p>CareMore focuses on improving the health of its 54,000 Medicare members through a variety of means, including, most notably, 26 Neighborhood Care Centers staffed with physicians, nurse practitioners, medical assistants, podiatrists, physical therapists, nutritionists, psychologists and case managers. WellPoint is looking to expand CareMore&#8217;s model both within existing CareMore markets and to WellPoint markets across the country.</p>
<p>CareMore will remain headquartered in Cerritos, Calif., and becomes a wholly owned operating division of WellPoint.</p>
<p>&#8220;WellPoint&#8217;s faith in CareMore&#8217;s model really validates our work,&#8221; said Alan Hoops, who will remain as chief executive officer of CareMore. &#8220;We look forward to deploying programs like Healthy Start and our Neighborhood Care Centers to benefit more seniors as part of this larger organization.&#8221;</p>
<p>The transaction is expected to be neutral to WellPoint&#8217;s earnings in year one, as the company invests in the expansion of CareMore&#8217;s capabilities to more members, and accretive in years two and beyond.</p>
<p>About WellPoint, Inc.</p>
<p>WellPoint works to simplify the connection between Health, Care and Value. We help to improve the health of our members and our communities, and provide greater value to our customers and shareholders. WellPoint is the nation&#8217;s largest health benefits company in terms of medical membership, with 34 million members in its affiliated health plans, and a total of more than 69 million individuals served through its subsidiaries.  As an independent licensee of the Blue Cross and Blue Shield Association, WellPoint serves members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as the Blue Cross Blue Shield licensee in 10 New York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), and Wisconsin.  In a majority of these service areas, WellPoint&#8217;s plans do business as Anthem Blue Cross, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Georgia, Empire Blue Cross Blue Shield, or Empire Blue Cross (in the New York service areas).  WellPoint also serves customers throughout the country as UniCare.  Additional information about WellPoint is available at www.wellpoint.com.</p>
<p>SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</p>
<p>WellPoint and its representatives may from time to time make written and oral forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (&#8220;PSLRA&#8221;), including statements in this press release, in presentations, in filings with the Securities and Exchange Commission, or SEC, in reports to shareholders and in meetings with analysts and investors. The projections referenced in this press release are forward-looking and they are intended to be covered by the safe harbor for &#8220;forward-looking statements&#8221; provided by PSLRA. Words such as &#8220;expect(s)&#8221;, &#8220;feel(s)&#8221;, &#8220;believe(s)&#8221;, &#8220;will&#8221;, &#8220;may&#8221;, &#8220;anticipate(s)&#8221;, &#8220;intend&#8221;, &#8220;estimate&#8221;, &#8220;project&#8221; and similar expressions are intended to identify forward-looking statements, which generally are not historical in nature. These statements include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; and statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: those discussed and identified in our public filings with the SEC; increased government participation in, or regulation or taxation of health benefits and managed care operations, including, but not limited to, the impact of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010; trends in health care costs and utilization rates; our ability to secure sufficient premium rates including regulatory approval for and implementation of such rates; our ability to contract with providers consistent with past practice; competitor pricing below market trends of increasing costs; reduced enrollment, as well as a negative change in our health care product mix; risks and uncertainties regarding Medicare and Medicaid programs, including those related to non-compliance with the complex regulations imposed thereon and funding risks with respect to revenue received from participation therein; a downgrade in our financial strength ratings; litigation and investigations targeted at health benefits companies and our ability to resolve litigation and investigations within estimates; our ability to repurchase shares of our common stock and pay dividends on our common stock due to the adequacy of our cash flow and earnings and other considerations; non-compliance with the Express Scripts, Inc. pharmacy benefit management services agreement, which could result in financial penalties and our inability to meet customer demands; events that result in negative publicity for us or the health benefits industry; failure to effectively maintain and modernize our information systems and ebusiness organization and to maintain good relationships with third party vendors for information system resources; events that may negatively affect our license with the Blue Cross and Blue Shield Association; possible impairment of the value of our intangible assets if future results do not adequately support goodwill and other intangible assets; intense competition to attract and retain employees; unauthorized disclosure of member sensitive or confidential information; changes in the economic and market conditions, as well as regulations that may negatively affect our investment portfolios and liquidity; possible restrictions in the payment of dividends by our subsidiaries and increases in required minimum levels of capital and the potential negative effect from our substantial amount of outstanding indebtedness; general risks associated with mergers and acquisitions; various laws and our governing documents may prevent or discourage takeovers and business combinations; future public health epidemics and catastrophes; and general economic downturns. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Except to the extent otherwise required by federal securities law, we do not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Readers are also urged to carefully review and consider the various disclosures in our SEC reports.</p>
<p>SOURCE  WellPoint, Inc.</p>
<p>&nbsp;</p>
<p>WellPoint, Inc.</p>
<p>&nbsp;</p>
<p>CONTACT: Investor Relations: Michael Kleinman, Investor Relations, +1-317-488-6713, <a href="mailto:Michael.Kleinman@wellpoint.com">Michael.Kleinman@wellpoint.com</a>, Media: Kristin Binns, Corporate Communications, +1-917-697-7802, <a href="mailto:Kristin.Binns@anthem.com">Kristin.Binns@anthem.com</a>, or Doug Bennett Jr., Corporate Communications, +1-502-889-2103, <a href="mailto:Doug.BennettJr@wellpoint.com">Doug.BennettJr@wellpoint.com</a>, all of WellPoint, Inc.</p>
<p>&nbsp;</p>
<p>Web Site: <a href="http://www.wellpoint.com/">http://www.wellpoint.com</a></p>
<p>&nbsp;</p>
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		<title>Defense Technology Contractor to Expand Operations in Bloomington</title>
		<link>http://kentuckianabusinessforum.com/current-news/defense-technology-contractor-to-expand-operations-in-bloomington/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/defense-technology-contractor-to-expand-operations-in-bloomington/#comments</comments>
		<pubDate>Fri, 19 Aug 2011 12:39:45 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2414</guid>
		<description><![CDATA[BLOOMINGTON, Ind. (Aug. 19, 2011) &#8211; Next Wave Systems, LLC, a contract engineering and technology firm, announced today that it will expand operations here, creating up to 60 new jobs by 2014. Next Wave, which specializes in alternative energy software products and integrated defense security systems, will invest $330,000 to make facility and software improvements [...]]]></description>
			<content:encoded><![CDATA[<p><strong>BLOOMINGTON, Ind. </strong>(Aug. 19, 2011) &#8211; Next Wave Systems, LLC, a contract engineering and technology firm, announced today that it will expand operations here, creating up to 60 new jobs by 2014.</p>
<p>Next Wave, which specializes in alternative energy software products and integrated defense security systems, will invest $330,000 to make facility and software improvements at its Bloomington facility. The company&#8217;s mapping, imagery and command-and-control software support the U.S. Department of Defense including operations at the Naval Surface Warfare Center at Crane.</p>
<p>&#8220;Indiana is a national leader in the defense industry and our emerging IT industry is gaining notice,&#8221; said Governor Mitch Daniels. &#8220;Next Wave Systems&#8217; announcement will strengthen those industries and bring more high-paying and high-skilled jobs to Indiana.&#8221;</p>
<p>Next Wave Systems, which currently employs 30 workers in Indiana, will begin hiring additional engineering associates later this year to coincide with facility improvements.</p>
<p>&#8220;Indiana is our home and always will be,&#8221; said John Crady, chief executive officer of Next Wave Systems. &#8220;We are excited to continue expanding our company base in Bloomington, because it offers us so many outstanding benefits &#8211; a talented and well-trained workforce, a business-friendly working atmosphere and an exciting, personable community.&#8221;</p>
<p>Founded in 2005 and headquartered in New Pekin, Ind., Next Wave operates additional facilities in Merrillville, Bedford and Bloomington as well as a field office in Huntsville, Ala. The company increased its service offerings earlier this year by launching The Englehart Group, a strategic marketing and public relations operation based out of Indianapolis.</p>
<p>The Indiana Economic Development Corporation offered Next Wave Systems, LLC up to $500,000 in performance-based tax credits and up to $6,650 in training grants based on the company&#8217;s job creation plans. The city of Bloomington initially approved additional property tax abatement.</p>
<p>&#8220;Next Wave Systems&#8217; expansion in Bloomington benefits our community and the region, and it helps fortify NSWC Crane&#8217;s presence in Indiana,&#8221; said Ron Walker, president of the Bloomington Economic Development Corporation. &#8220;Agile technology companies like Next Wave and the skills they employ fit very well in Bloomington and greatly enhance our growing reputation as an emerging tech center.&#8221;</p>
<p>Next Wave&#8217;s announcement comes less than a month after Governor Daniels joined members of the WestGate Authority to break ground on the $8.8 million WestGate Academy at the WestGate @ Crane Technology Park. The 64,000 square-foot, two-story WestGate Academy will include conference and academic institutional space and serve as a business incubator and training facility for start-up and early-stage companies expanding their technology capacity.</p>
<p><strong>About Next Wave Systems </strong><em>Next Wave Systems, LLC is an engineering and technology company that specializes in alternative energy products and integrated defense and security systems as a government contractor. In addition, the company offers information technology consulting, software engineering and multimedia production in the private sector.</em></p>
<p><strong>About IEDC</strong><em> Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit <a href="file://localhost/C:/Users/Gary/AppData/Local/Local%20Settings/Temporary%20Internet%20Files/Local%20Settings/Temporary%20Internet%20Files/OLK24/www.iedc.in.gov">www.iedc.in.gov</a>.</em></p>
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		<title>Valley Forge Composite Technologies, Inc. Announces New Orders in Excess of $7,000,000</title>
		<link>http://kentuckianabusinessforum.com/current-news/valley-forge-composite-technologies-inc-announces-new-orders-in-excess-of-7000000/</link>
		<comments>http://kentuckianabusinessforum.com/current-news/valley-forge-composite-technologies-inc-announces-new-orders-in-excess-of-7000000/#comments</comments>
		<pubDate>Thu, 18 Aug 2011 11:37:52 +0000</pubDate>
		<dc:creator>Mark Obermeyer</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://kentuckianabusinessforum.com/?p=2403</guid>
		<description><![CDATA[COVINGTON, Ky., Aug. 18, 2011 /PRNewswire/ &#8212; Valley Forge Composite Technologies, Inc. (&#8216;Valley Forge&#8217;, or &#8216;The Company&#8217;, OTCBB: VLYF), developer of cargo/baggage detection equipment and instruments, reported that it has received an order for its momentum wheel line of products in excess of $7,000,000. &#160; Valley Forge CEO Lou Brothers said, &#8220;This is another significant [...]]]></description>
			<content:encoded><![CDATA[<p>COVINGTON, Ky., Aug. 18, 2011 /PRNewswire/ &#8212; Valley Forge Composite Technologies, Inc. (&#8216;Valley Forge&#8217;, or &#8216;The Company&#8217;, OTCBB: VLYF), developer of cargo/baggage detection equipment and instruments, reported that it has received an order for its momentum wheel line of products in excess of $7,000,000.</p>
<p>&nbsp;</p>
<p>Valley Forge CEO Lou Brothers said, &#8220;This is another significant order from a satisfied customer. It confirms our position in the instrument market.&#8221; Valley Forge&#8217;s total backlog now stands at more than $15,000,000, and should yield higher operating margins than previous contracts.  The full order is anticipated to be shipped by Spring 2012.</p>
<p>&nbsp;</p>
<p>The company expects to announce progress milestones with regards to THOR -LVX in the coming months.</p>
<p>&nbsp;</p>
<p>About Valley Forge</p>
<p>&nbsp;</p>
<p>Valley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems and instruments. More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com.</p>
<p>&nbsp;</p>
<p>Forward-Looking Statement</p>
<p>&nbsp;</p>
<p>The Private Securities Litigation Reform Act of 1995 provides a &#8216;safe harbor&#8217; for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.&#8217;s future plans, objectives, expectations, performance, events, reports made by others and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company&#8217;s products and services and could include other factors discussed in the sections of the Company&#8217;s report on Form 10-K for the year ended 31 December, 2010 as filed with the U.S. Securities and Exchange Commission, entitled &#8216;Business,&#8217; &#8216;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8217; and &#8216;Risk Factors.&#8217; This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context.  Investments in the Company should be considered speculative and prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>Contact</p>
<p>Valley Forge Composite Technologies, Inc.</p>
<p>Roe Brothers</p>
<p><a href="mailto:roe@vfct.com">roe@vfct.com</a></p>
<p>Tel: (859) 581-5111</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>SOURCE  Valley Forge Composite Technologies, Inc.</p>
<p>&nbsp;</p>
<p>Valley Forge Composite Technologies, Inc.</p>
<p>&nbsp;</p>
<p>Web Site: <a href="http://www.vlyf.com/">http://www.vlyf.com</a></p>
<p>&nbsp;</p>
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