S2 Report
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Your
Report for Friday April 29, 2005 |
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Welcome
to the S2 Report,
a daily publication of business news and information covering
Sarasota
and Manatee Counties. Send us your business news and
announcements for inclusion in the S2
Report:
press@S2Report.com.
We can’t publicize it if we don’t know about it!
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TOMORROW,
April 30: Booking signing party for Andrew Weaving: The
Sarasota Architectural Foundation is hosting a book signing
party for
London author Andrew Weaving tomorrow night. Weaving’s
two new books, Renovated Home and Modern Highrise include several
Sarasota examples of world-class architecture and design. Renovated
Home includes the Fishman residence (designed by Guy Peterson)
and the Samuel Holladay residence (Seibert Architects). Modern
Highrise includes Plymouth Hardbor (Frank Folsom Smith and
Louis Schneider). Saturday, April 30, 6:30 to 8:30 pm, Mickey’s
Urban Bites, Pineapple and Ringling Streets, downtown Sarasota.
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May
1-3, Inspiring Women’s Success Conference & Expo:
About 450 women from across the country are expected
to attend this event in Tampa designed to empower women to
achieve
career success through corporate and entrepreneurial paths.
Among the speakers is Bradenton-based Celia Szelwach, president
and founder of Creative Collaborations Consulting, who will
present, “Who Packed your Presenter’s Parachute:
Four Skills for a Safe Landing!” on Tuesday, May 3.
At the Renaissance Hotel at International Plaza and Bay Street
in Tampa. For more information, click
here.
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Monday,
May 2: EDC Breakfast with Tampa Bay Partnership officials: The
Economic Development Corporation of Sarasota County
will hold an investor update breakfast
on Monday morning, featuring leaders of the Tampa Bay
Partnership, a regional economic development driver.
Ed Rosenthal, co-founder of the local horticulture
products company Florikan E.S.A., will also address
the group. Cost is $20 for EDC investors, $25 for others.
7:45 am, Monday, May 2, Marina Jack on the Bay, 2 Marina
Plaza, Sarasota. To RSVP, email rmeurs@edcsarasotacounty.com.
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Monday:
New Florida minimum wage goes into effect: As
of Monday, Florida’s new minimum wage is $6.15
per hour. For “tipped employees,” the
minimum an employer must pay is $3.13 per hour.
Employees not paid the minimum wage can file a
civil lawsuit against their employer; the state
attorney general can also file an enforcement action.
For state compliance information, click
here.
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Global
Signal borrows money, schedules 1Q release: Yesterday,
Sarasota-based communications tower owner Global Signal made
two announcements.
It reported that this week, it signed a 364-day, $200 million
credit facility with Morgan Stanley and Bank of America to
fund additional communications acquisitions. It also announced
that it will release its first quarter 2005 earnings on Monday
morning, and it will host a conference call regarding that
release Monday afternoon at 5:30 EST. For more information,
click
here.
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First
Watch expanding all over: First Watch, the Bradenton-based
daytime-only restaurant chain, with 52 locations in Florida,
Greater Cincinnati, and Northern Kentucky, is continuing to
expand in line with its announced plans to reach 100 locations
in two years. This week, it announced a second Manatee County
location, in the Shoppes of Paradise Bay plaza at Cortez Road
and 75th Street. Yesterday, the developer of Crestview Hills,
an $80 million upscale lifestyle center in Northern Kentucky,
announced a desire to bring First Watch to its project. Just
like on the Gulf Coast, folks in Kentucky know of First Watch
as “the place for power breakfasts.” Read
more about it.
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Lakewood
Ranch Printing opens copy center: Next week, Lakewood
Ranch Printing will open a new retail venture, Ditto Copy
Center,
in the Courtyards at Market Square in Lakewood Ranch, 9122
Town Center Parkway. Lakewood Ranch Printing owners Bob and
Beverly Neville have been in the printing business for more
than 25 years; Ditto Copy Center enables the Nevilles to
provide a complete range of services to the growing Lakewood
Ranch business community – it will even offer free
pick up and delivery in Sarasota and Manatee counties. The
company has hired Jerry Kovar, with 30 years of sales and
marketing business, to focus on the company’s business
development. For more information, email lwrp@roadrunner.rr.com.
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State
hopes to draw people to Gulf Coast: This week, the
State announced a new $1.2 million campaign to bring tourists
to
Florida’s small town downtowns. VisitFlorida’s
Downtowns & Small Towns program will promote historic
and cultural destinations with designated Main Streets, pedestrian-friendly
downtowns, access to nature, and tourism amenities. Between
February 2003 and February 2004, 50% of the 75 million-plus
Florida tourists visited historic sites, 49% enjoyed cultural
amenities, and 70% soaked in nature-based offerings. In the
Tampa Bay area, the program plans to focus on Tampa, St.
Petersburg, Bradenton, Sarasota, and Lakeland.
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Internet
news is making print obsolete: Rupert Murdoch and
Carnegie agree – increasingly, Americans, particularly
those between 18 and 34, prefer to get their daily news on
the
Web more than any other news source, including local and
cable television and print publications. In a speech earlier
this month, Murdoch cited a new Carnegie study, saying: “Among
major news sources, our beloved newspaper is the least likely
to be the preferred choice for local, national or international
news going forward." Only 9% of younger readers find
newspapers trustworthy and only 8% find them useful. Internet
news sources soundly beat out second place local TV in all
specific categories, such as usefulness (41% to 15%). Read
the Carnegie report here.
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Wal-Mart shuts down student site: Daniel
Papasian, a 20-year-old college student, was taking a class at Carnegie Mellon
University called “Parasitic
Media” – it teaches about media use of political satire.
For his class project, Papasian launched a Web site, an obvious
parody of the site of Wal-Mart Foundation, the mega-retailer’s
philanthropic arm. The parody site suggests that the Foundation
is basically a front, a distraction, so Wal-Mart can squash everything
in its path while claiming to do “good works.” Now
parody may be protected by the First Amendment, but Wal-Mart says
Papasian’s use of company graphics violates the Digital Millenium
Copyright Act; it had the site temporarily shut down. But don’t
worry – Papasian replaced the graphics with the word “Censored,” and
you can still go to what he calls “the site Wal-Mart doesn’t
want you to see:” www.walmart-foundation.org.
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Flirting
by crackberry: If you were looking for evidence that
technology is turning us into a world of antisocial computer
geek introverts,
here you go. Nextel Communications donated 50 Blackberries
to Nochee nightclub in downtown Minneapolis for its singles
night – the devices only work within the bar confines
and can only talk with one another. Bar patrons wear numbers
and you can send a message via Blackberry to someone you fancy.
Digital pick-ups are already popular in Europe and the Far
East. Nochee patrons noted that talking via Blackberry made
it much easier to understand what the other person was saying
despite all the bar noise. To read more about this apparently
growing phenomenon, click
here.
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Top
Local
Area Public Company Stocks As of Closing Bell Yesterday
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| Coast
Financial Holdings |
(CFHI:
NASDAQ Sm. Cap) |
$17.25 |
+
0.05 (0.29%) |
| Comdial
Corporation |
(CMDZ.OB:
OTCBB) |
$0.10 |
(0/0%) |
| Correctional
Services Corp. |
(CSCQ:
NASDAQ) |
$2.50 |
+
0.02 (0.81%) |
| CPC
of America Inc. |
(CPCF.OB:
OTCBB) |
$31.85 |
+
0.60 (1.92%) |
| First
National Bancshares |
(FBMT:
NASDAQ Sm. Cap) |
$27.40 |
+
1.25 (4.78%) |
| First
State Financial Corp. |
(FSTF:
NASDAQ) |
$11.84 |
-
0.37 (3.03%) |
| Infinium
Labs |
(IFLB.OB: OTCBB) |
$0.20 |
+
0.06 (43.88%) |
| Gevity
HR |
(GVHR:
NASDAQ) |
$15.93 |
-
0.76 (4.55%) |
| Global
Signal |
(GSL:
NYSE) |
$29.95 |
-
0.16 (0.53%) |
| Morgan
Beaumont |
(MBEU.OB:
OTCBB) |
$0.74
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-
0.04 (5.13%)
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| Sinofresh
Healthcare |
(SFSH.OB:
OTCBB) |
$0.37
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(0/0%)
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| Suncoast
Bancorp Inc. |
(SUNB.OB:
OTCBB) |
$15.00
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(0/0%)
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| Sun
Hydraulics |
(SNHY:
NASDAQ) |
$26.52
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+
0.99 (3.88%)
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Telesis
Technology Corp.
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(TLST.PK:
OTC) |
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Teltronics
Inc.
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(TELT.OB:
OTCBB)
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| DOW |
10,070.37 |
-
128.43 (1.26%) |
| NASDAQ |
1,904.18 |
-
26.25 (1.36%) |
| S&P
500 |
1,143.22 |
-
13.16 (1.14%) |
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