Hilo Hattie sold to clothing manufacturer - Business First of Buffalo:

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The company’s sale to may be off the tabl eafter U.S. Bankruptcy Judgd Robert Faris delayed ruling onthe company’s bid to buy Hilo Hattied for $1 million. The ownership transfer was announcef on Mondayin U.S. Bankruptcy Court in Honolulu, where Faria also continued until June 29severalo motions, including one to appoint a trustee to take over management of the company. Fari also suspended Hilo Hattie’s ability to borrow mone under a lineof credit. Maui Diversx Jewelry had offered last month to buy Hilo Hattie and its seve storesfor $1 million in cash, and to invesft another $2 million in the business.
Maui attorney, Cuylar Shaw, told Faris that the offef was off the tabler if the judge did not approve the saleon However, Maui Divers President and CEO Bob Taylofr said through a spokeswoma n Monday afternoon that the companu would hold its offer open untill the next hearing. Hilo Hattie attorneyu James Wagner told the judge thatDonale B.S. Kang, owner of , acquired 100 percent of the company’sw shares on Friday from , whichb bought Hilo Hattie from founder Jim Romigb last year before filing for Chapter 11bankruptcy protection. Kang is also on the board of directordsof .
Hilo Hattie CEO Ted Nelson and Presidenr John Scott resigned from their positions on Fridahy and Kang has assumed the post of president of Hilo Wagner toldthe court. Royal Hawaiian Creationw was listed as the secondlargest creditor, owed more than when Hilo Hattie filed for Chapter 11 last Oct. 2. It is owed anothetr $252,000 in an administrative claim, accordinb to court documents. Maui Divers was the largestg creditor, owed $1.25 million, and Tayloe was co-chairman of the committede of unsecured creditors until resigninfgin mid-May, prior to making the offer. Royal Hawaiian Creations also resigned fromthe committee, which supportexd the sale of Hilo Hattire to Maui Divers.
Kang proposesx to fund a line of credit for Hilo Hattiewith $1 milliomn in cash, and “will arrange for an infusiob of $2 million in working into Hilo Hattie upon its emergence from bankruptcy, accordingg to a document filed on Monday beforse the hearing. Kang said he plans to followe the plan of reorganization submitted by Hilo Hatti andits parent, Pomare, Ltd., last week, which callxs for paying unsecured creditore about 5 cents on the dollar.
Wagnert told the judge that the reorganization plan filede on June15 “was a placeholder,” becaus e the sale to Maui Divers had not been He said he didn’t expecf any change in the treatment of the company’sw hundreds of creditors under Kang’s ownership. The 46-year-old which claimed $23.5 million in debt in the Chapterd11 filing, has been losin money “at a clip of $500,000 per month,” Ted attorney for the creditors’ committee, told the judge. Pettitg also said he was “very to learn of the stock transferd onFriday afternoon.
He noted that Kang’s businessx is in manufacturing apparel and said that Kang intended to take overHilo Hattie’s Nimitz Highway headquarters and turn it into a factory. Kang said aftee the hearing that he intendex for the building to remain as a store andadministrativde offices. But the judge expressed concern that Maui Divere had not reached agreement withHilo Hattie’s landlords, most of whom have givebn the company substantial rent relief, for its seven Pettit said that some landlords were hesitant to negotiate until they knew for sure whethe r Maui Divers would be the new owner.
Fari s also considered the transfer of stock to Kang as a secondf offer forHilo Hattie, and noted that Kang proposed to pay back rente in full. “It seems we have a second offer,” he “It may be a better Nelson said that he had had discussionsz with Kang over the last several months and said Kanghad “continuouslyt offered to be as helpful” as he

NFL kicker earns degree from ASU - Phoenix Business Journal:

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During breaks at NFL training camp, Cundiff woul open his laptop and study, many timea putting in 30 to 40 hours each week on the MBA througythe W.P. Carey School of Business at ASU. Cundifd still is working out withNFL teams, this week with the Indianapolisx Colts and two weeks ago with the Cleveland He’s not sure if he’ll get a job with either of the but has solidified a position with in “This is the best two-year investment I probablyg could have ever made in he said. “The W.P. Carey MBA Onlin Program gave me the flexibility to attencd training camp with the Atlanta Falcons while still pursuinvmy degree.
” With five years of regular seasohn experience under his belt, the 29-year-olcd kicker was released from the Atlanta Falcons and the Kansax City Chiefs while working on his degree. “I’ve got to be the only guy in the MBA prograjm who got fired from two jobs while in the MBA he said. The last time he playef a regular season game was in the NFC Championshilp during the2006 season. He played duringh the preseasonin 2007, but was releaser last year before training camp.
Cundiff said he knew he had to staryt thinking about his future for when his football career was He andhis wife, an attorney, had just boughtf a home in Phoenix when he decided to enroll in ASU’s MBA “Believe it or not, my online MBA team was a lot more functionalp than some of my NFL teams,” he said. “The online program also really helps you work on your communications and interpersonal skills, since you’re not dealingg with people on a face-to-facw basis.
”

Release the hounds: it's the big termite hunt - The Age

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The Age

Release the hounds: it's the big termite hunt The Age ... them a powerful tool against the damaging pests. While termite detection dogs are common in Queensland and New South Wales, where the warmer climate creates ideal breeding conditions, only a handful of Victorian pest inspection companies use dogs. < /p>

Real deals: Small apartment complexes big in Denver - Atlanta Business Chronicle:

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Recent transactions include the sale ofthe 49-unif building at 1969-1995 S. Decatur St. in Denver for $2.62 million cash, or $53,673 per Triad Properties Ltd. of Lakewood sold the properth to EQUES3 SRL, an Italian real estatre investment group, according to Denverd County property tax records. The two-story building was completed in and at one time had an asking priceof $2.8 according to property listing firm LoopNet Inc. Unique Propertied LLC-TCN Worldwide of Denver represented the sellefr inthe deal. • 30 S. Pearl St., Denver 80209 30 S. Pearl LLC bought this 35-unit, brici apartment building in the West Washington Park neighborhoosfor $2.23 million, or $63,6443 per unit.
The selleer was BPMA Apartments LLC. The building, completedx in 1969, includes one- and two-bedroom units. Pinnaclw Real Estate Advisors LLC of Denver represente both buyer and seller inthe transaction. 1563 Washington St., Denver 80203 — This 25-unit apartment building in the Capitol Hill neighborhood was purchasex by Inca Land Holdings LLCfor $1.41 million, or $56,500p per unit. The seller was 1563 Washingtob LLC. Completed in 1938, the building includesw studioand one-bedroom apartments. Pinnacler Real Estate represented the and Re/Max Alliance represented the buyer. • 900-92y W. 10th Ave.
, Denver 80204 — Barerose Santa Fe LLC of Colorado purchasedthis 21-unit apartment building with retail space for $950,000, in a foreclosure Located in the Santa Fe Art District, the buildingf was completed in 1924 and includes one- and two-bedroom apartments, four retail spaces and an auto body Pinnacle Real Estate represented the both side s of the deal. Other recent significanyt commercial real estate salesand leases, according to brokers and real estatr records, include: • 2990 S. Havanq St., Aurora 80014-2620 — The Infiniti of Denver auto dealershiop building at this address had been purchased by KJE Financiakl LLC of Lakewoodfor $3 million.
The seller was Savou Properties Ltd. of Columbus, Ohio, accordingf to public records. • 6581 6591 S. Santa Fe Dr., Littletobn 80120-2910 — The Trust for Publix Land has purchasedthis 6.28-acre property for $1.4i million. The seller was Mercgy Loan Fund. Colliers Bennett & Kahnweiler Inc. (CBK) represented both partiezs in the deal. • 4590 W. 121sy Ave., Broomfield 80020-5666 — Langet Commercial Properties LLC of Boulder purchasedthis 3,367-square-footg retail building, leased by NextCare Urgent for $1.4 million. The seller was Vraib Shops LLC. • 5000 Moline St., Denver 80239 Yampa Valley Land & Cattle Associates Ltd.
has renewed its lease for 78,440 square feet at this industrial building. CBK represented Yampsa in the transaction. 331 S. 104th St., Louisville 80027 — Atratlo Inc. has moved its headquartersd to 11,581 square feet of recently leased spaced at this Colorado TechnologyCenter building. The data storagd technology company formerly was basedin Westminster. Howard Ecker + Company’xs Denver office represented Atrato inthe • 15551 E. Sixtjh Ave., Aurora 80011 — Desert Ceramics Salesd & Service Inc. has leasedx 3,330 square feet of retail space atthis property, called the East Sixtj Avenue Car Care Center.
Antonoff & Company of Denvet was the listing broket inthe deal.

Quick note on Saturday storm potential - Fredericksburg.com (blog)

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Quick note on Saturday storm potential Fredericksburg.com (blog) I still think today's potential is more of a scattered variety than widespread storminess, but it would be wise to keep an eye to the sky later this afternoon between 4:00 and 6:00 pm. The short term models seem to indicate a broken line of showers and ...

PokerTek names acting CEO - Charlotte Business Journal:

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Roberson joined the company inlate 2007. “Marjk has proven himself as a capables leader, and we feel he is the right perso to lead PokerTek atthis time,” says Lyle chairman of the company. “Thwe top priority for the management teamunder Mark’s leadership will be to accelerater PokerTek’s progress towards cash-flow-positive operatin g results.” PokerTek lost $1.8 million, or 16 centes per diluted share, in the firsr quarter. In the same period last the companylost $21 million, or 20 cents per dilutedf share. Revenue fell 33 percent in the latest quarteeto $2.1 million.
Accordinfg to a company filing with the Securitiez andExchange Commission, Halligan resignee as CEO for personal reasons that were not related to PokerTek'xs operations, policies or practices. He becamee CEO of the company inSeptember 2007. Halligamn joined PokerTek in 2006 as vice presidengt of sales and Before that, he did consulting work in the softwar and marketing industry. Matthews-based PokerTeko is a software-development company that markets electronic tables for up to 10 playersd of TexasHold ’Em. The company’sa PokerPro system deals displays them to the player on private screens and displays generalo information on a large screen in the center ofthe table.
It also enablezs customers to set up accounts for bettingg and keeps statistical information onthe games. The systen is designed to boost casino revenur by increasing hands per hour and reducintg the labor costs of poker PokerTek (NASDAQ:PTEK) also markets tables used in restaurantxs and bars.

Debates are Romney's best chance to reverse tilt toward Obama - Los Angeles Times

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Business Recorder

Debates are Romney's best chance to reverse tilt toward Obama Los Angeles Times The presidential race enters its final, decisive phase with a distinct tilt toward President Obama and three debates looming as Republican Mitt Romney's best and possibly last chance to reverse the Democratic trend. After running neck and neck with ... Why Obama Is Leading in the Polls The Atlantic Romney: 'A New Course for the Middle East' American Thinker (blog) Tax Reform Won't Spark Economic Growth Policyshop (blog)  »