afyfojahejus.blogspot.com
Award recipients were announced at a gala event Thursda y night at the at An independent judging panel of regional academic and community leaders made the arelease said. West Central Floridaq winners were named infour categories. They included: Health services: Stephen F. founder and vice president of operations, Doctor’w Walk-In Clinic in Tampa • media and entertainment: Tony Little, president, CEO and in St. Petersburg • Scott Riley, CEO, • Tony DiBenedetto, CEO, Tribridge in Tampa The Entrepreneur Of The Year awardc recognizes efforts in business excellencd andcommunity improvement. There were five other honorees.
They includedc a lifetime achievement award forMichael J. Ward, president and CEO, (NYSE: CSX) in Jacksonville and Michaeo Murdoch, president and CEO of of Gulf Breezes inthe "emerging" category. Menderes president and CEO of in Pompanol Beach won inthe "retaipl & consumer services" category. In all, therre were nine honorees. Regional award recipients will be considered for theErnsty & Young LLP Entrepreneur Of The Year 2009 nationap awards. Winners in numerous national as well as the overall national winner, will be announcee at the annual awards gala in Palm Calif., on Nov. 14, 2009.
It is the 23rd anniversarty ofthe program, which has expanded to recognize business leaders in more than 135 cities in 50 Awards are given to entrepreneurs “who demonstratr extraordinary success in the areas of innovation, financia performance and personal commitment to theitr businesses and communities,” a releaswe said. Founded and produced by Ernst Young LLP, the Entrepreneur Of The Year awardsw are sponsored nationally by the and . In sponsors include Bowne, RFB Communications Group and Smart Business Network.
Tuesday, August 30, 2011
Sunday, August 28, 2011
Loren Steffy: Lending credence to the 'Texas Miracle' - Houston Chronicle
mozybyd.wordpress.com
Loren Steffy: Lending credence to the 'Texas Miracle' Houston Chronicle Gov. Rick Perry's presidential bid hinges largely on the strength of the Texas economy, which, while far from miraculous in recent years, certainly shines against most other states. Perry has told voters that as ... |
Thursday, August 25, 2011
Market Report on High Altitude Wind Energy - MarineLink
disadvantage-unlimited.blogspot.com
Market Report on High Altitude Wind Energy MarineLink International renewable energy consultancy, GL Garrad Hassan, has issued the first market report which analyses the burgeoning new industry of High Altitude Wind Energy (HAWE). HAWE systems are designed to tap into the high velocity, ... |
Tuesday, August 23, 2011
As prices go up and up, demand 'dwindling' for paving companies - The Business Review (Albany):
http://besheerarttile.com/pricingandordering/testimonials.html
It has also put the squeeze on driveway who are contending with customers unwilling to pay skyrocketing prices for new blacktop attheir homes. "The volume of callse we get is still relatively the saidSteven Leto, co-owner of in Latham. "But when we writwe an estimate and they seethe prices, we're in a wait-and-seew situation." Over the past few the cost to excavate and rebuild a 50-foot-long, 20-foot-wid e driveway ranged from $2,100 to This year, it has gone up roughlhy 30 percent, ranging from $2,750 to $3,250, Leto The rapid price escalation at local asphal mixing plants means Leto Brothers and other pavers can only guaranteew estimates for two to four About half of the company's revenues are from residentialo contracts, which means there's less work for the 15 or so peoples employed there.
No one has been laid off, but the crewzs no longer work 60-hour weeks with overtime. Now it's 10-hour days. "Demand is definitel y dwindling," Leto said. Joseph K. Kelley, owner of in said he carries a letter from detailing the tonnage cost for blacktop when he meets withprospective Callanan, which is one of the major suppliers in the increased the price in mid-June for top-grade asphalt from $65 to $73 per ton. "The price is up so high I don't care if I do any more said Kelley, whose primary business is striping roadzs andparking lots, not paving. "The mode of the businesz is down," he said. "People are not spending money theway [they used to].
They'll let it go a couple years and see if itsettles out." For companiese that own a lot of parking lots, the higherd costs have forced them to cut back on the amount and type of repavingy they do. in Albany, for instance, spendas about $200,000 annually to repair or replace the parkin g lots at its 25 office buildings throughoutgthe region. Joseph vice president of asset managementat Picotte, said one option is to mill the existingt pavement and spread a new layer of blacktop, rathere than a deep excavation that wouls require spreading two layers. Miller said he's never experienceed such price volatility in the 15 year he has workedat Picotte.
He said preventive maintenancre will be even more important to prolongt the life ofparking lots. The volatility has also made it difficulgt for developers to know how much it will cost to builf new lots because pavingcompanies can't lock in their estimates for "You're at the mercy of the markeyt right now," said Charles Poe Jr., president of in a commercial builder. The company expects to constructr parking lots for up to 20 new buildings in the Capitak Region over the nextsix months.
It has also put the squeeze on driveway who are contending with customers unwilling to pay skyrocketing prices for new blacktop attheir homes. "The volume of callse we get is still relatively the saidSteven Leto, co-owner of in Latham. "But when we writwe an estimate and they seethe prices, we're in a wait-and-seew situation." Over the past few the cost to excavate and rebuild a 50-foot-long, 20-foot-wid e driveway ranged from $2,100 to This year, it has gone up roughlhy 30 percent, ranging from $2,750 to $3,250, Leto The rapid price escalation at local asphal mixing plants means Leto Brothers and other pavers can only guaranteew estimates for two to four About half of the company's revenues are from residentialo contracts, which means there's less work for the 15 or so peoples employed there.
No one has been laid off, but the crewzs no longer work 60-hour weeks with overtime. Now it's 10-hour days. "Demand is definitel y dwindling," Leto said. Joseph K. Kelley, owner of in said he carries a letter from detailing the tonnage cost for blacktop when he meets withprospective Callanan, which is one of the major suppliers in the increased the price in mid-June for top-grade asphalt from $65 to $73 per ton. "The price is up so high I don't care if I do any more said Kelley, whose primary business is striping roadzs andparking lots, not paving. "The mode of the businesz is down," he said. "People are not spending money theway [they used to].
They'll let it go a couple years and see if itsettles out." For companiese that own a lot of parking lots, the higherd costs have forced them to cut back on the amount and type of repavingy they do. in Albany, for instance, spendas about $200,000 annually to repair or replace the parkin g lots at its 25 office buildings throughoutgthe region. Joseph vice president of asset managementat Picotte, said one option is to mill the existingt pavement and spread a new layer of blacktop, rathere than a deep excavation that wouls require spreading two layers. Miller said he's never experienceed such price volatility in the 15 year he has workedat Picotte.
He said preventive maintenancre will be even more important to prolongt the life ofparking lots. The volatility has also made it difficulgt for developers to know how much it will cost to builf new lots because pavingcompanies can't lock in their estimates for "You're at the mercy of the markeyt right now," said Charles Poe Jr., president of in a commercial builder. The company expects to constructr parking lots for up to 20 new buildings in the Capitak Region over the nextsix months.
Sunday, August 21, 2011
Correspondent banking at CenterState produces growth opportunities - Tampa Bay Business Journal:
viktorevaikubuwo.blogspot.com
CenterState is opening a correspondent bankinyg and bond sales division by hirinv 17 bankers who formerlyu handled that businessfor . The new division, whichn officially launches this weekend when the workers become employeesof CenterState, will help establisn and strengthen relationships between CenterState (Nasdaq: CSFL) and small to medium-sizee financial institutions primarily in Florida, Georgia and but also throughout the southeasy United States. CenterState isn’t saying how much additiona revenue it expects to receive from the new butJames Antal, senior VP and CFO, said it should be profitabld in 2009.
While the income statemenr impact will berelatively small, perhaps only $200,009 or so a the potential growth prospects it offers are significant, said Samuel Caldwell, an analyst for “CenterState has done acquisitions in the past and woulde like to do so in the Caldwell said. The contacts that will develop betweeb CenterState and its correspondent bankintg clients could furtherthat goal. “Alabam a National had relationships with smalk banks inthe past, and when the smallp banks wanted to sell, Alabama Nationalp was their first choice,” Caldwell said.
CenterState, like most other financial institutionzsin Florida, has seen income shrink amid the toughb economy and the deterioration of the real estate marketr in the state. In the third quarter ended Sept. 30, the company postefd $761,000, or 6 cents a share, in net income, compared to $2 or 15 cents a share, in net incomre a year earlier. Net interest the biggest componentof revenue, was $10.4 million for the third quarter, down 4.8 perceny from the prior The new division will generate revenure for CenterState in three ways, Antal said.
The biggest sourced will be commissions earned frombond transactions, as banks use the CenterStatw operation to buy and sell fixed income securitiee such as municipal and U.S. treasury Banks use those types of investmentw to generate cash until they canmake loans. Othere revenue for CenterState will come from fees from the correspondentybanking business, as banks set up deposigt and checking accounts with CenterState and make loanws to cover short-term cash CenterState also will offer safekeeping and bond services that provide lower fees but “cement Antal said. (NYSE: RY) acquired Alabamza National for $1.6 billion in February.
The workers who staffe d the bond sales divisionstayed on, but RBC had simila r groups in other locations, and didn’t want the Antal said. “After evaluating the business, we determine that the correspondent banking group was nota long-terkm strategic fit for us,” said Jamir Mitchell, a spokeswoman for RBC. CenterStatwe used a “management lift-out,” hiring substantially all of the to create its newbusiness line. They’lol be based in Birmingham, Ala., in a leasesd location across the street from theie former office and will become employees of inWinte Haven, the holding company’s largest subsidiary bank.
STI) is active in correspondent banking, as are in which was known as The Bankers Bank until January, and the in Lake Mary. But the Alabams National group had a loyal followingt that CenterState expectsto keep, Antal said. CenterStats is looking to cement relationships that it hopes to carry over fromAlabamaa National’s business and add new relationships. The processd already is under way. CenterState reported $23 million in depositss of correspondent banks on its balance sheettfor Sept. 30.
CenterState is opening a correspondent bankinyg and bond sales division by hirinv 17 bankers who formerlyu handled that businessfor . The new division, whichn officially launches this weekend when the workers become employeesof CenterState, will help establisn and strengthen relationships between CenterState (Nasdaq: CSFL) and small to medium-sizee financial institutions primarily in Florida, Georgia and but also throughout the southeasy United States. CenterState isn’t saying how much additiona revenue it expects to receive from the new butJames Antal, senior VP and CFO, said it should be profitabld in 2009.
While the income statemenr impact will berelatively small, perhaps only $200,009 or so a the potential growth prospects it offers are significant, said Samuel Caldwell, an analyst for “CenterState has done acquisitions in the past and woulde like to do so in the Caldwell said. The contacts that will develop betweeb CenterState and its correspondent bankintg clients could furtherthat goal. “Alabam a National had relationships with smalk banks inthe past, and when the smallp banks wanted to sell, Alabama Nationalp was their first choice,” Caldwell said.
CenterState, like most other financial institutionzsin Florida, has seen income shrink amid the toughb economy and the deterioration of the real estate marketr in the state. In the third quarter ended Sept. 30, the company postefd $761,000, or 6 cents a share, in net income, compared to $2 or 15 cents a share, in net incomre a year earlier. Net interest the biggest componentof revenue, was $10.4 million for the third quarter, down 4.8 perceny from the prior The new division will generate revenure for CenterState in three ways, Antal said.
The biggest sourced will be commissions earned frombond transactions, as banks use the CenterStatw operation to buy and sell fixed income securitiee such as municipal and U.S. treasury Banks use those types of investmentw to generate cash until they canmake loans. Othere revenue for CenterState will come from fees from the correspondentybanking business, as banks set up deposigt and checking accounts with CenterState and make loanws to cover short-term cash CenterState also will offer safekeeping and bond services that provide lower fees but “cement Antal said. (NYSE: RY) acquired Alabamza National for $1.6 billion in February.
The workers who staffe d the bond sales divisionstayed on, but RBC had simila r groups in other locations, and didn’t want the Antal said. “After evaluating the business, we determine that the correspondent banking group was nota long-terkm strategic fit for us,” said Jamir Mitchell, a spokeswoman for RBC. CenterStatwe used a “management lift-out,” hiring substantially all of the to create its newbusiness line. They’lol be based in Birmingham, Ala., in a leasesd location across the street from theie former office and will become employees of inWinte Haven, the holding company’s largest subsidiary bank.
STI) is active in correspondent banking, as are in which was known as The Bankers Bank until January, and the in Lake Mary. But the Alabams National group had a loyal followingt that CenterState expectsto keep, Antal said. CenterStats is looking to cement relationships that it hopes to carry over fromAlabamaa National’s business and add new relationships. The processd already is under way. CenterState reported $23 million in depositss of correspondent banks on its balance sheettfor Sept. 30.
Friday, August 19, 2011
Law grad exempt from overtime, appeals court rules - San Francisco Chronicle
younkinesagugad1746.blogspot.com
Law grad exempt from overtime, appeals court rules San Francisco Chronicle Professionals have long been exempt from California's wage rules that require overtime pay and certain other benefits, such as daily meal periods and rest breaks, for most employees. Wednesday's ruling by the First District Court of Appeal in San ... Court Rules Law Clerk Qualified as Exempt Employee ZELASKO-BARRETT v. BRAYTON-PURCELL, LLP Law Clerk Exempt From OT Pay: Calif. Appeals Court |
Wednesday, August 17, 2011
Weighing the alternatives - bizjournals:
kleopatraxnibe.blogspot.com
Among the approaches emerging are Craig’s a Web site that provides freewant ads, or usinv auctions to find a buyer. “We are in a new economivc environment, and there is a new worlxd order and no one knows exactlu what therules are,” says Davide Hagan, president of in Greensboro. Yet even as propertyu owners trynew alternatives, local experte contend that tried-and-true brokerage is, and will long the predominant strategy. “When times are tough, people will try anything,” says Ladd Freeman, presidenft of in Winston-Salem.
Emerging approaches are typicallhy being experimented withto supplement, rather than replace, traditional Because theses approaches have yet to enter the many potential buyers or tenants might not take them as For example, brokers say the perception in the real estates community is that when a property is up for auction, the owner is in bankruptcgy and must sell not that the owner is trying to set itseld apart from the pack in a crowded real estatr market. Auctioneers say that while that may have been the case they are getting more calls from owners of nondistresse properties exploring auctions asan option.
Those who are usin g these methods agree that while they have had mixed new and different approaches areworthh considering.
Among the approaches emerging are Craig’s a Web site that provides freewant ads, or usinv auctions to find a buyer. “We are in a new economivc environment, and there is a new worlxd order and no one knows exactlu what therules are,” says Davide Hagan, president of in Greensboro. Yet even as propertyu owners trynew alternatives, local experte contend that tried-and-true brokerage is, and will long the predominant strategy. “When times are tough, people will try anything,” says Ladd Freeman, presidenft of in Winston-Salem.
Emerging approaches are typicallhy being experimented withto supplement, rather than replace, traditional Because theses approaches have yet to enter the many potential buyers or tenants might not take them as For example, brokers say the perception in the real estates community is that when a property is up for auction, the owner is in bankruptcgy and must sell not that the owner is trying to set itseld apart from the pack in a crowded real estatr market. Auctioneers say that while that may have been the case they are getting more calls from owners of nondistresse properties exploring auctions asan option.
Those who are usin g these methods agree that while they have had mixed new and different approaches areworthh considering.
Sunday, August 14, 2011
Economic study forecasts more declines without significant changes - Thoroughbred Times
lebexab.wordpress.com
Economic study forecasts more declines without significant changes Thoroughbred Times รข€œDeclining handle will have negative repercussions on » |
Friday, August 12, 2011
Cornerstone Progressive Return Fund Announces Continuing Monthly Distributions - MarketWatch (press release)
http://www.astanda.com/Download_Development/Source_Editors/download38634.html
Cornerstone Progressive Return Fund Announces Continuing Monthly Distributions MarketWatch (press release) It should be noted that the distributions made pursuant to this policy are not tied to the Fund's investment income or capital gains and do not represent yield or investment return on the Fund's portfolio. The distribution policy will be reviewed and ... |
Wednesday, August 10, 2011
S.F. office sales in 2007 could smash record again - San Francisco Business Times:
hyhekim.wordpress.com
billion into San Francisco office buildings durin thefirst quarter, a number that easilg surpasses the entire sales activity for both 2005 ($4.3 billion) and 2006 ($3.8 billion). And it's not goinvg to slow down any time soon. Just looking at properties alread y onthe market, the city should easily blow past $7 billion in 2007. And if more ownerd jump in to take advantage of theunprecedentedf pricing, we should surpass $8 according to a quarterly report. "This could be the record to beat all saidColin Yasukochi, research director at Grubb Ellis.
Although it's not clear what One Market Plaza actual sold for when Morgan Stanlet bought itfrom Blackstone, brokers involved in the biddin g say it was priced just under $1,000 a square foot. The entire 3.9 million-square-fooyt portfolio averaged over $750 a squarer foot. And now the asking rents are beginning to reflect the newpricing reality, with space on the top of One Markett going for $90 a square "Many of the new investors stronglt believe that rents are undervalued and they can be raised said Yasukochi.
"Only time will tell if they are TheColumn Group, a new life science ventured capital group started by executives from Three Crownw Capital and , has joined Mission Bay's ever-growing venturd capitalist community. The Column Group joins , Novo Venturees and at Alexandria RealEstate Equities' 1700 Owens St. It is takinb 4,000 square feet; rent is in the low $40s. Managing partners at Column includeRichard Klausner, the formeer director of the and 's global healtn program. Others partners are Haraled Ekman, a partner with Three Crowns Capital, and co-founderf David Goeddel.
"This office is going to be theifrcollaborative center," said Kidder Mathews broker Craig Zodikoff, who representee the tenant. "They were quite intenrt on being inMissionn Bay." The idea that thesed VCs would be able to share conference rooms and watert coolers with researchers from and was a primaruy attraction, Zodikoff added. "Alexandria was forwarxd thinking in putting aside space for venture said Zodikoff. "They clearly thought about how the venturew capital community would want to interacrt with the lifesciences community." Turnberry is gearinhg up to start construction on its 227-uni 45 Lansing St.
project, likely to be the third of thesix razor-thih luxury condo towers on Rincob Hill. Turnberry has hired Swedroe Architectsx and HKS to tweakthe design. Swedroe has been designintg Turnberry's towers for 30 years. On Marcn 15, the San Francisco Planning Commission unanimouslhy approved therevised design. The reconfigured west façadse offers better views of the hills andMission corridor. "The design features a smooth, seamless prism of glass on the northeast corner that extends from the base to the top of the saidMark Donahue, design director of .
Though housing saless continue to decline in theEast Bay, thers are some bright spots, according to a recent monthl report from East Bay business groul . One is in multi-family including rental apartmentsand condos.Construction permits for that type of housingy were actually up about 11 percent over the 12 months endinhg in March to despite a 27 percent drop in permitsz issued for single-family housing. That' due mostly to new construction in Oaklaned and a pullbackin single-family construction in Contra Costaa County. There's also been a slight increase in permits for commercial andindustrial construction, up about $8 milliojn to $1.2 billion in March.
EDAB released the numberss on a brand new researchweb site, . Accordinyg to a separate reportfrom , East Bay office lease ratex shot up 13 percent in the firsgt quarter year-over-year, including a 12 percen t increase in downtown Oakland's Class A space and a 25 perceny increase in Emeryville Class A.
billion into San Francisco office buildings durin thefirst quarter, a number that easilg surpasses the entire sales activity for both 2005 ($4.3 billion) and 2006 ($3.8 billion). And it's not goinvg to slow down any time soon. Just looking at properties alread y onthe market, the city should easily blow past $7 billion in 2007. And if more ownerd jump in to take advantage of theunprecedentedf pricing, we should surpass $8 according to a quarterly report. "This could be the record to beat all saidColin Yasukochi, research director at Grubb Ellis.
Although it's not clear what One Market Plaza actual sold for when Morgan Stanlet bought itfrom Blackstone, brokers involved in the biddin g say it was priced just under $1,000 a square foot. The entire 3.9 million-square-fooyt portfolio averaged over $750 a squarer foot. And now the asking rents are beginning to reflect the newpricing reality, with space on the top of One Markett going for $90 a square "Many of the new investors stronglt believe that rents are undervalued and they can be raised said Yasukochi.
"Only time will tell if they are TheColumn Group, a new life science ventured capital group started by executives from Three Crownw Capital and , has joined Mission Bay's ever-growing venturd capitalist community. The Column Group joins , Novo Venturees and at Alexandria RealEstate Equities' 1700 Owens St. It is takinb 4,000 square feet; rent is in the low $40s. Managing partners at Column includeRichard Klausner, the formeer director of the and 's global healtn program. Others partners are Haraled Ekman, a partner with Three Crowns Capital, and co-founderf David Goeddel.
"This office is going to be theifrcollaborative center," said Kidder Mathews broker Craig Zodikoff, who representee the tenant. "They were quite intenrt on being inMissionn Bay." The idea that thesed VCs would be able to share conference rooms and watert coolers with researchers from and was a primaruy attraction, Zodikoff added. "Alexandria was forwarxd thinking in putting aside space for venture said Zodikoff. "They clearly thought about how the venturew capital community would want to interacrt with the lifesciences community." Turnberry is gearinhg up to start construction on its 227-uni 45 Lansing St.
project, likely to be the third of thesix razor-thih luxury condo towers on Rincob Hill. Turnberry has hired Swedroe Architectsx and HKS to tweakthe design. Swedroe has been designintg Turnberry's towers for 30 years. On Marcn 15, the San Francisco Planning Commission unanimouslhy approved therevised design. The reconfigured west façadse offers better views of the hills andMission corridor. "The design features a smooth, seamless prism of glass on the northeast corner that extends from the base to the top of the saidMark Donahue, design director of .
Though housing saless continue to decline in theEast Bay, thers are some bright spots, according to a recent monthl report from East Bay business groul . One is in multi-family including rental apartmentsand condos.Construction permits for that type of housingy were actually up about 11 percent over the 12 months endinhg in March to despite a 27 percent drop in permitsz issued for single-family housing. That' due mostly to new construction in Oaklaned and a pullbackin single-family construction in Contra Costaa County. There's also been a slight increase in permits for commercial andindustrial construction, up about $8 milliojn to $1.2 billion in March.
EDAB released the numberss on a brand new researchweb site, . Accordinyg to a separate reportfrom , East Bay office lease ratex shot up 13 percent in the firsgt quarter year-over-year, including a 12 percen t increase in downtown Oakland's Class A space and a 25 perceny increase in Emeryville Class A.
Monday, August 8, 2011
Judge handed new evidence in Barry Beach case - The Missoulian
http://marketingcircle.net/from-the-first-movie-theater-until-now-movies-have-dramatically-changed.html
Washington Examiner | Judge handed new evidence in Barry Beach case The Missoulian HELENA - A judge considering the unique case of a man seeking to prove his innocence after three decades in prison will have to evaluate very different legal arguments as he makes a decision. Barry Beach's circuitous route through the legal system over ... Big disagreements remain over how judge should evaluate 30-year-old Barry ... |
Friday, August 5, 2011
Fifth Third agency search doesn't cloud Sunrise's hopes - Business Courier of Cincinnati:
http://shssc.org/running-shoes.html
million rebranding initiative, is searching for a new advertising agency, a move that coulc have a huge impact on its agency of record for the last10 . The downtown agency, which employs 42 and counts Fifth Third as the largest of its14 accounts, will competw in the review process. Co-owner George Sabert said he hopes to retainthe business. "Givehn the nature of Fifth Third andhow they'red reviewing their business now from an operationaol standpoint, it's a fairly normapl thing," said Sabert. "It's something that most accounta do.
" Cincinnati's largest bank, which has $100 million in assets and morethan 1,100 locations in 10 states, buys an estimater $29 million a year in media time and advertisinhg space, according to Brandweej magazine. The bank would not describe the size of its nor would it identify the agencies it plans to invitsas bidders. It hopes to complete the reviewsby year's end. "What we're doing right now is researching those agenciesz we would like tospeak with. After we make that we would engage them in saidDebra DeCourcy, a Fift Third spokeswoman. Fifth Third hired the local desighn firm Deskey to revampthe bank'se corporate logo.
It was part of a rebranding effort that took two yearas to develop and included the retirement ofthe bank'zs longtime slogan, "Working hard to be the only bank you'lol ever need." The new tag-line: "At Fifth Third Bank, we'r moving ahead with you." DeCourc y said there is "no connection whatsoever" between the rebranding initiatives and the agency search. "We'rs thrilled with our brand positioning," she said. Saberg declined to say how much ofhis company's annual revenu e comes from the Fifth Third account. He said Sunris e Advertising generatedabout $4 million in revenue last year and is on pace to reacyh $5 million this year.
In additionm to Fifth Third, the representsw , , and
million rebranding initiative, is searching for a new advertising agency, a move that coulc have a huge impact on its agency of record for the last10 . The downtown agency, which employs 42 and counts Fifth Third as the largest of its14 accounts, will competw in the review process. Co-owner George Sabert said he hopes to retainthe business. "Givehn the nature of Fifth Third andhow they'red reviewing their business now from an operationaol standpoint, it's a fairly normapl thing," said Sabert. "It's something that most accounta do.
" Cincinnati's largest bank, which has $100 million in assets and morethan 1,100 locations in 10 states, buys an estimater $29 million a year in media time and advertisinhg space, according to Brandweej magazine. The bank would not describe the size of its nor would it identify the agencies it plans to invitsas bidders. It hopes to complete the reviewsby year's end. "What we're doing right now is researching those agenciesz we would like tospeak with. After we make that we would engage them in saidDebra DeCourcy, a Fift Third spokeswoman. Fifth Third hired the local desighn firm Deskey to revampthe bank'se corporate logo.
It was part of a rebranding effort that took two yearas to develop and included the retirement ofthe bank'zs longtime slogan, "Working hard to be the only bank you'lol ever need." The new tag-line: "At Fifth Third Bank, we'r moving ahead with you." DeCourc y said there is "no connection whatsoever" between the rebranding initiatives and the agency search. "We'rs thrilled with our brand positioning," she said. Saberg declined to say how much ofhis company's annual revenu e comes from the Fifth Third account. He said Sunris e Advertising generatedabout $4 million in revenue last year and is on pace to reacyh $5 million this year.
In additionm to Fifth Third, the representsw , , and
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