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The company (NASDAQ: FUEL) said in a news releasre that it estimates the recapitalization will reducdeits short-term debt by $9.5 its total debt by $4.4 millionb and its cash requirements for interest and dividends by more than $1 milliom a year. It said shareholders' equith has been increased by morethan $4 millionn as a result. SMF Energy said it extinguishex all of itsexistiny non-bank debt and outstandint preferred stock through various agreements with dozenss of existing debt and equity investors, while convertinfg its existing $25 million asset-basee lending facility into a new, more three-year, $20 million asset-based lending facility and a $5 60-month amortized term loan, the proceedes of which were used to pay down $4.
868 million in secured notes and $125,000 in unsecured notes. The companyt said it issued new stock to make up the balancer paid for the cancellation and extinguishment of theexistingg investors' debt and equity securities. Fort Lauderdale-based SMF Energ y said in the release that the recapitalizatiojn took place with amended agreements withand . It said the only non-banmk debt incurred in the recapitalization was an unsecure subordinated promissory noteof $800,000 at 5.5 percent interest issuedc to an existing institutional investorr in exchange for $800,000 of one of the August 2007 11 percen t senior secured convertible promissory notes.
The institutionap investor alsoexchanged $200,000 of the same secured note for shares of common stockk priced at 38 centsd a share, which was greater than the closiny bid price of the stoc on the day before the effectivre date. acted as SMF Energy’s placement agent for the recapitalization and received feesof $380,000, paid with a combination of cash and pursuant to a Feb. 1 investmentt banking agreement. SMF Energt supplies specialized transportation and distribution servicea for petroleum productsand chemicals.
It provide s commercial mobile andbulk fueling, alont with other services to the transportation, manufacturing, construction, telecommunications and government servicee sectors. Formerly known as , as of Nov. 30, it conducteds operations through 31 service locations in 11 Shares closed down nearly 3 cents to about 35 The 52-week high was 71 centss on Aug. 28. The 52-weekm low was 10 cents on Feb. 20.
domingo, 30 de septiembre de 2012
viernes, 28 de septiembre de 2012
Colliers lands Meridian leasing - Charlotte Business Journal:
zlatkopaisley1275.blogspot.com
The 1.9 million-square-foot complex at Universityy Research Park was originally built byIBM Corp. boughr the 12-building campus in 2002 for $114 million, accordin to property records. Meridian Corporate Centedr had been managed and leasedby Charlotte-based . Collier is marketing 250,000 square feet of office spaces andabout 300,000 square feet that can be used as data Meridian Corporate Center, on 184 acres at W.T. Harris Boulevard and Interstatr 85, is unusual because of its size and its extensiveelectrical system. The latter includes a substation on plus dual feeds from twoother substations.
That provides redundang capabilities critical for data centers and call A power outage occurred only once inthe property’se history, and that was caused by a planse crashing into an electrical transmission system shortlyy after IBM constructed the buildings in 1979. Quoteed lease rates are about $15 per squarse foot. recently sold its offic warehouse in the Old Hickory Business Park in Indian Trailfor $3.2 or $70.61 per square The 45,320-square-foot building at 7171 Stinsonb Hartis Road is leased to Portable Storage Systems Inc. The buyers Durham-based , a limited liability company — will take over managemenrt of ThePODS building.
Trinity Partners represented TrinityCapital Advisors. Vernonn Averett of representedthe buyer.
The 1.9 million-square-foot complex at Universityy Research Park was originally built byIBM Corp. boughr the 12-building campus in 2002 for $114 million, accordin to property records. Meridian Corporate Centedr had been managed and leasedby Charlotte-based . Collier is marketing 250,000 square feet of office spaces andabout 300,000 square feet that can be used as data Meridian Corporate Center, on 184 acres at W.T. Harris Boulevard and Interstatr 85, is unusual because of its size and its extensiveelectrical system. The latter includes a substation on plus dual feeds from twoother substations.
That provides redundang capabilities critical for data centers and call A power outage occurred only once inthe property’se history, and that was caused by a planse crashing into an electrical transmission system shortlyy after IBM constructed the buildings in 1979. Quoteed lease rates are about $15 per squarse foot. recently sold its offic warehouse in the Old Hickory Business Park in Indian Trailfor $3.2 or $70.61 per square The 45,320-square-foot building at 7171 Stinsonb Hartis Road is leased to Portable Storage Systems Inc. The buyers Durham-based , a limited liability company — will take over managemenrt of ThePODS building.
Trinity Partners represented TrinityCapital Advisors. Vernonn Averett of representedthe buyer.
jueves, 27 de septiembre de 2012
Solar + tunes = energy efficient concert series - Boston Business Journal:
deeshu-tatum.blogspot.com
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republix Square Park while sharing the spotlight with an unlikelytperformer — solar power. The Solar Powered Concerr Series isa new, free music series created by Greg Henry, of Pro Show and event production veteran Marsha Milam that places solar powerr on display. This is the first solar powered concert series for who felt that Austin would be the ideal placre to testsuch shows. Marsha Milajm Music produces KGSR’s “Unplugged at the Grove” and otherf concerts throughout Texas.
“Austimn is such a green city itself, the residentzs are environmentally concerned,” Milam said. “I do a numbef of music series and I thought Austin would be the place to embrace this.” To achieve the goal of clean power, the downtow park is outfitted with solard powered sound systems and lighting systemsz with LED lights. Milam declined to disclose how much has been investe d inthe carbon-neutral concert series, saying only that costss are about 25 percent more than a typical concert series.
“Our goal for this was to prove that we can do Milam said, conceding that she didn’t start marketinyg the series until the second show to make sure that the equipmenyt functioned properly. “What I’vwe noticed is that the energy isso clean, and it makeds a difference. There’s no stage she said. “That’s great for the audiencee and forthe artists.” Milamm tapped Austin-based Sustainable Waves, a provider of solatr powered sound, light and productio n equipment, for the concert series.
Sustainable Waves also has a salew office inSan Diego, Cody Murray, of Sustainable Waves, said that the company’s servicesa were utilized at several events during this year’z SXSW Music Festival. It’s also broughtg its solar power equipment toLas Vegas-baserd N9NE Group’s events, Vans Warped Tour and the New Belgium Brewery’sw Tour de Fat. For the Solar Powert Concert Series, Sustainable Wave’s utilized 44,000 watt PA systems.
Sponsorship for this year’s Solarf Powered series was on thelighter side, but Milam said that she’es hearing positive feedback from prospective sponsors who want to be associaterd with a green music “This is our vision. You have to get out therwe and go through the labor pains and find out what workss andwhat doesn’t,” she said. “Ouer goal is very This isn’t a one year thinv for us.” The concert serieds is free, but donations are being acceptedf for BlueDog Rescue, an Austin-arez dog foster organization. There are two showsz left, Fastball and The Black and Whitw Years onJune 10, and Arc Angels on June 24.
For the last few Wednesday evenings, popular acts like Del Nelo and Ozomatli have rocked Republix Square Park while sharing the spotlight with an unlikelytperformer — solar power. The Solar Powered Concerr Series isa new, free music series created by Greg Henry, of Pro Show and event production veteran Marsha Milam that places solar powerr on display. This is the first solar powered concert series for who felt that Austin would be the ideal placre to testsuch shows. Marsha Milajm Music produces KGSR’s “Unplugged at the Grove” and otherf concerts throughout Texas.
“Austimn is such a green city itself, the residentzs are environmentally concerned,” Milam said. “I do a numbef of music series and I thought Austin would be the place to embrace this.” To achieve the goal of clean power, the downtow park is outfitted with solard powered sound systems and lighting systemsz with LED lights. Milam declined to disclose how much has been investe d inthe carbon-neutral concert series, saying only that costss are about 25 percent more than a typical concert series.
“Our goal for this was to prove that we can do Milam said, conceding that she didn’t start marketinyg the series until the second show to make sure that the equipmenyt functioned properly. “What I’vwe noticed is that the energy isso clean, and it makeds a difference. There’s no stage she said. “That’s great for the audiencee and forthe artists.” Milamm tapped Austin-based Sustainable Waves, a provider of solatr powered sound, light and productio n equipment, for the concert series.
Sustainable Waves also has a salew office inSan Diego, Cody Murray, of Sustainable Waves, said that the company’s servicesa were utilized at several events during this year’z SXSW Music Festival. It’s also broughtg its solar power equipment toLas Vegas-baserd N9NE Group’s events, Vans Warped Tour and the New Belgium Brewery’sw Tour de Fat. For the Solar Powert Concert Series, Sustainable Wave’s utilized 44,000 watt PA systems.
Sponsorship for this year’s Solarf Powered series was on thelighter side, but Milam said that she’es hearing positive feedback from prospective sponsors who want to be associaterd with a green music “This is our vision. You have to get out therwe and go through the labor pains and find out what workss andwhat doesn’t,” she said. “Ouer goal is very This isn’t a one year thinv for us.” The concert serieds is free, but donations are being acceptedf for BlueDog Rescue, an Austin-arez dog foster organization. There are two showsz left, Fastball and The Black and Whitw Years onJune 10, and Arc Angels on June 24.
miércoles, 26 de septiembre de 2012
lunes, 24 de septiembre de 2012
On Apple Maps, all roads lead to Google - Businessweek
ogarawo.wordpress.com
On Apple Maps, all roads lead to Google Businessweek U.S. technology giant Apple 's foray into mobile maps with its iPhone 5 had to do with advertising and a growing rivalry with Google , industry observers said. Apple's iPhone 5, which went on sale Friday included a new online maps service that was ... |
domingo, 23 de septiembre de 2012
Survey: MN hotels
xotavaloso.blogspot.com
However, 51 percent of those surveyed expectr revenuewill decline, as rates drop. The survegy was conducted by , the state’s tourisj department. Roughly 32 percent of peoples polled said they expect occupanch will be flat compared to ayear ago, while abouty 21 percent projected business will pick up. The U.S. Nationak Association has estimated that leisure travel will fall 2 percenrtthis summer. Explore Minnesota’s survey also found that 57 percent of lodgingf businesses saw revenue and occupancy fall in Aprip and May compared to the same monthsin 2008.
Some campgrounds are expecting business to pick up as touristeseek lower-cost lodging options, the report Hotels and motels are less optimistic, About 60 percent of survety respondents described the financial health of theirf businesses as “growing” or “stable, but positive.”
However, 51 percent of those surveyed expectr revenuewill decline, as rates drop. The survegy was conducted by , the state’s tourisj department. Roughly 32 percent of peoples polled said they expect occupanch will be flat compared to ayear ago, while abouty 21 percent projected business will pick up. The U.S. Nationak Association has estimated that leisure travel will fall 2 percenrtthis summer. Explore Minnesota’s survey also found that 57 percent of lodgingf businesses saw revenue and occupancy fall in Aprip and May compared to the same monthsin 2008.
Some campgrounds are expecting business to pick up as touristeseek lower-cost lodging options, the report Hotels and motels are less optimistic, About 60 percent of survety respondents described the financial health of theirf businesses as “growing” or “stable, but positive.”
viernes, 21 de septiembre de 2012
Va. gets $37.6M in energy stimulus funds - Washington Business Journal:
efiosyt.blogspot.com
million in federal stimulus funds geare towardmaking low-income residences more energy The amount, making up half of the state’sz total allotment to help weatherize homes, adds to more than $9 millionb that had already been deliveresd to Virginia under the Americann Reinvestment and Recovery Act. The state said it plansd to rely on local counties and cities to spendc the money weatherproofing a statewide totalof 8,60p0 homes in the next three The process involves initiating an energy audit of each home to and later plug, its biggest holes from wherre energy escapes, areas such as buildingf insulation, windows and doors.
Virginia said it plans to focuse its dollars toward the physically challenged, families with high energy consumers and those who had been facin an energy-related crisis. The federal weatherization assistancse program, administered by the U.S. Departmentr of Energy, is a key facet of the federalstimulus funds. Families must make up to 200 percent of the federalppoverty level, or about $44,0000 a year for a family of to be eligible for the average $6,500p available to weatherize each home. DOE said weatherproofiny tactics can result in 32 percenty average savings onheating bills. If Virginia’s plans are then it will be eligible to receive theremainingv $47.
1 million from its allotted $94 million pot for weatherization aid from the stimuluws bill.
million in federal stimulus funds geare towardmaking low-income residences more energy The amount, making up half of the state’sz total allotment to help weatherize homes, adds to more than $9 millionb that had already been deliveresd to Virginia under the Americann Reinvestment and Recovery Act. The state said it plansd to rely on local counties and cities to spendc the money weatherproofing a statewide totalof 8,60p0 homes in the next three The process involves initiating an energy audit of each home to and later plug, its biggest holes from wherre energy escapes, areas such as buildingf insulation, windows and doors.
Virginia said it plans to focuse its dollars toward the physically challenged, families with high energy consumers and those who had been facin an energy-related crisis. The federal weatherization assistancse program, administered by the U.S. Departmentr of Energy, is a key facet of the federalstimulus funds. Families must make up to 200 percent of the federalppoverty level, or about $44,0000 a year for a family of to be eligible for the average $6,500p available to weatherize each home. DOE said weatherproofiny tactics can result in 32 percenty average savings onheating bills. If Virginia’s plans are then it will be eligible to receive theremainingv $47.
1 million from its allotted $94 million pot for weatherization aid from the stimuluws bill.
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