Archive for December, 2009

BWI AIRPORT – Beginning May 23, Southwest says BWI will be a direct destination for the new Panama City (FL) Beach service with two daily nonstops.  The carrier also noted that beginning May 9, it will increase its daily non-stop flights at BWI to a record 181.   Southwest is the largest airline at BWI with 53 percent of the passenger market share.

See full release.

ANNAPOLIS – Severn Bancorp/Severn Savings Bank, FSB has suspended the common stock dividend for the fourth quarter of 2009.  This represents a reduction of $.03 per share from the common stock dividend declared for the third quarter of 2009.

See Web site.

COLUMBIA – Fortress International Group has entered into a definitive agreement with Rubicon Acquisition Company, LLC for the sale of Fortress’ Rubicon Professional Services division.  The sale for roughly $1.875 million will strengthen the firm’s balance sheet and focus it on its core competency of maintaining data and mission-critical facilities so that revenue is not affected as much by capital spending.

See full release.

ARLINGTON, Va. – Interstate Hotels & Resorts, the nation’s largest independent hotel management company, now falls under the management of Hotel Acquisition Company, LLC.  Hotel Acquisition Company is a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Annapolis-based Thayer Lodging Group, and Shanghai Jin Jiang International Hotels Company Limited.  The transaction was valued at approximately $307 million.

See full release.

HANOVER – Under its renewed agreement with the Sedgwick County, KS adult detention facility, Conmed Healthcare Management will continue to provide health care services for up to $22.5 million over five years.

See full release.

COLUMBIA – Symantec Corp. and Message Systems announced today a joint initiative to combine forces and develop next-generation message security, management and other business solutions.  Called Service Provider Next Gen, the effort will target telcos, ISPs, hosting companies and other service providers.

See full release.

ANNAPOLIS – Network management firm Netcordia has been awarded a patent for its techniques of finding and diagnosing performance problems in voice-over-IP (VoIP) networks.

See full release.

JESSUP – Vorbeck Materials has gotten an okay from the U.S. Environmental Protection Agency to manufacture graphene as a conductive additive for inks.  With this go-ahead the company can offer its Vor-ink, a conductive, versatile, and low-cost ink for commercial sale to the printed electronics industry.

See full release.

ANNAPOLIS – The Chesapeake Regional Tech Council named its volunteer leadership that will start in 2010.  They are:

• President Kevin Lancaster (principal of The Winvale Group)
• Vice President Finley Foster (executive vice president and general manager of American Systems)
• Treasurer John Elstner (principal of Venture Point Partners)
• Secretary Dan Buan (president/CEO of Buan Consulting)
• Steve Kolbe (president of ANALYSYS)
• Brian Sailer (senior VP at Dutko Worldwide and managing director, Dutko Global Risk Management)
• Jason Silva (COO of Sidus Group)
• President Emeritus Michael Ryan (president/CEO of South River Technologies).

CRTC also announced the January 15 deadline for nominations to the 2010 tech awards.  See the site for details.

ANNAPOLIS – Timberlake Building & Renovations has received two awards from the Home Builders Association of Maryland at the recent 19^th Annual Remodeling Award of Excellence banquet.  The sister company of Timberlake Homes won an Award of Excellence in the Kitchen Remodeling category and a Silver Merit Award in the Whole House category.

See Web site.