Loan Payments Missed on New Brunswick Project

Back in 2005, there were big plans for redevelopment in New Brunswick, as The New Brunswick Development Corporation (Devco) offered up a vision for a new hotel and conference center called The Heldrich. The idea was that Devco could be a model for how big scale projects could be built with public funds funneled into private development companies.
The reality, however, is that now a $1 million loan repayment on the project has been missed by The Middlesex County Improvement Authority. The Press of Atlantic City is reporting that the missed payments from the Improvement Authority are now adding up to a whopping $7 million.

The Heldrich has 235 rooms, but the hotel has had difficulty keeping the rooms full with enough guests since it opened back in 2007. The hotel has actually been so strapped for funds it has had to use its own money to pay for basic upkeep and improvements like buying new mattresses and carpeting.

The timing for The Heldrich’s opening in 2007 was difficult at best, as it coincided with the beginning of the real estate crash and the Great Recession that followed.

Christopher Paladino is the attorney who has been in charge of the development from the beginning. He defends the project, saying that the hotel turned a rundown area into something very special. He also added that he’d feel even better about it when all its debts are paid in full.

 

James Dondero’s Investment and Philanthropic Accomplishments

Highland Capital sells half its shares in Pendrell Corporation
Highland Capital Management has halved its interests in Pendrell Corporation. While the details of this deal have been sketchy, most of the information in the media has been extracted from the SEC 13G form filled for the transfer of shares.

These details have been extracted from a SEC filing that was made to the SEC to signify the transfer of shares as required by law. However, Highland Capital Management still owns a significant amount of shares at the company. James Dondero, through his company, still owns more than 23 million class A shares in the company.

The decision to divest was viewed by many as a lack of confidence in the company but many experts say that Highland Capital is not dumping shares. Rather, they argue that the firm is looking to make a profit through the sale of the shares since the company’s share value has been increasing steadily.

Pendrell Corporation is having a good year. The firm’s share price has gained over 39% in the last one year. Many investors who bought the shares at a low price are looking forward to selling the shares and making profits from their investments.

Pendrell is a NASDAQ listed company that sells, invests, and licenses intellectual property rights. The company has had tremendous growth in revenues in 2016 with its annual revenue being reported at $45 million.

Last year, the company signed a deal through its subsidiary company, Memory Technologies LLC, with Toshiba. This deal has brought the company considerable improvement in its credit ratings and reputation as it has solidified its assets and revenue streams.

Highland Capital Management was founded by James Dondero alongside his partner business Mark Okada over 20 years ago. The company boasts of over $18 billion in assets managed by the company and its subsidiaries. The company’s president has an extensive experience in managing global corporations having worked for Nexbank and Cornerstone Health Group.

Through James Dondero, the company has been able to garner success and an enviable investment reputation over the years. James is a graduate of University of Virginia where he majored in accounting and finance.

Source: http://www.dallasfoundation.org/ForDonors/DonorStories/JamesDondero/tabid/449/Default.aspx

Talk Fusion Is Bringing People Together in a Variety of Different Ways

Most people are aware that the telecommunications industry moves at a rapid pace. And the products they develop tend to change and improve at the same rate. But a recent awarding of the 2016 Communications Solutions Products of the Year Award from the Technology Marketing Corporation highlights how important the underlying vision of those products can be. The award was given to Talk Fusion, and their underlying philosophy is bringing something new to the telecommunications industry.

There was a time when the industry was all about creating connections. But in recent years device fragmentation has made that increasingly difficult. Phones used to connect people in the same way no matter what particular manufacturer one chose to go with. But these days competing manufacturers tend to only concentrate on allowing the best possible connections between their own devices. Certainly phone communication will work between any device. But the advanced multimedia services tend to be platform dependent.

And this is one of the reasons why Talk Fusion was honored with the Communications Solutions Products of the Year Award. As their name suggests, the company is all about creating a fusion of various technologies to further communication between people. Their software suite enables people to share not only audio, but crisp and clear video with each other. And not just within one platform, but all of the major hardware and software systems that are currently on the market. Their WebRTC development enables people to speak face to face over any smartphone, between phones and computers or a mix of the two.

It’s little wonder that the company is quickly rising up to expand even further with their video marketing solutions. They’re delivering a host of new opportunities for companies to make real and far more meaningful connections with customers and potential customers alike. In an increasingly wired world, it’s clear that a human touch can make a huge difference to people. And face to face contact, even through a digital system, is the kind of technique which leaves a lasting impression which other companies simply can’t compete with. That commitment to creating connections extends beyond the business sphere. Founder & CEO Bob Reina is also heavily involved in helping charities through the use of his company’s various innovations.

Additional Sources:

Talk Fusion Review – Legit Company or Scam?

http://www.talkfusioninstantpay.com/

Ken Goodgame’s Career Accomplishments

True Value Hardware announced an upgrade of its top sales team by recruiting Ken Goodgame as the Senior Vice President and Chief Merchandising Officer. The company contracted Goodgame in a plan to increase their revenue through market expansion.

Kenneth Goodgame is an outstanding leader who has a highly respected business career background. His career started after obtaining a bachelor’s degree in Marketing from University of Tennessee. Before joining True value, he worked for various companies where he held top managerial positions.

Besides the experience and academic achievements, Goodgame is also passionate about attaining business excellence. He specializes in designing innovative business structures using marketing and merchandising approaches.

Goodgame always works with the aim of delivering the best performance by developing business systems that would improve the productivity and profits of a business. He achieves the goals through critical leadership and designing viable business structures.

His extensive experience places him in a strategic position of making outstanding business solutions that are often not addressed by other general leaders. Due to his exceptional experience, he was picked to address over 100 retail leaders in the 12th annual Drug Store News Summit that was held at New York’s Athletic Club.

Some of the major issues that were discussed in the summit were inventory management, private labels, SKU rationalization, and store execution. Goodgame was selected to lead the sessions due to his accomplishments at Ace, which saw the company remain financially stable despite the downturns experienced in the economy at the time.

As the General Merchandising Manager, Goodgame designed a planning strategy that created 4.5% annual growth in sales. It also increased the hardware’s new store openings. In addition to increasing the number of stores opened, the firm also modernized existing ones enabling them to offer products such as live goods and housewares that made the company more competitive.

Given his extensive experience, Goodgame is a seasoned strategist in merchandising, retail, product development, strategy, pricing, management, and leadership. His business portfolio makes him a visionary leader whose expertise will place any business miles ahead of its rivals. Indeed, companies have been able to attract more customers and make high profits under his leadership.

The Career of Raj Fernando

Raj Fernando was born Rajiv K, Fernando on July 8, 1971. Fernando is a philanthropist, political fundraiser and an all around American businessman. He moved to the United States at the age of one from Denmark. He received his bachelor’s degree in from Beloit College. Raj also studied at University College London. At this time he volunteered at the Chicago Mercantile Exchange. Early in his career, Raj worked at trading posts at the Chicago Board of Trade and Chicago Mercantile Exchange. Fernando later founded Chopper Trading. Chopper Trading is trading firm located in Chicago that concentrated in the areas of fixed income, equities, and other products. Raj expanded his services to Chicago, New York, London, Munich, San Francisco, and Washington, DC. In 2015 Raj sold the company to DRW Trading Group. In 2016 Raj launched an internet start up called Scoutahead.com He serves as the CEO and chairman of this company. The company was made with the intentions to o deliver the most trusted information to companies and individuals in order to increase corporate and professional growth and productivity. He did this by delivering the most trusted information to companies and individuals. The company provides surveys and reviews for different institutions.

Raj Fernando is an expert in international financial markets and technological innovation. With such knowledge he is also involved in foreign policy organizations. Fernando is part of the Foreign Policy Leadership Committee at the Brookings Institute. With his experience and knowledge, Raj provides exceptional insights and counsel for everyone. He also is huge fundraiser for Democratic candidates and causes. He had the third largest fundraiser for President Obama. Fernando was appointed to the State Department’s International Security Advisory Board. He is on this board with Hilary Clinton. Raj is an amazing man who had a dream an followed it. He is very successful.

Eric Pulier: A Great American Mind

Combining business savvy, technical genius, and a keen artistic mind, Eric Pulier has lived quite the full life. Born to a tech enthusiast parent during the late 1960s in Teaneck, New Jersey, he was introduced to computers at an early age. By the time he was in the fourth grade, he’d already begun programming them himself; a scant few years later, by the time he finished high school, Pulier had begun his own database computer company.

In addition to his love of technology, Pulier had a love for literature that led to him majoring in English and American literature at Harvard while also working at the nearby MIT Media Lab. Ultimately, he graduated magna cum laude in 1988, and he immediately set to work making his dreams of merging the artistic and technical capabilities of computers come true.

After briefly working on Wall Street, Pulier moved to Los Angeles and worked tirelessly to accomplish his goals. He founded People Doing Things, a foundation that brought together brilliant minds from various fields to focus on solutions to the world’s problems through the use of technology. Soon after, he founded Digital Evolution, an interactive agency that worked with such companies as Microsoft and Disney. Since then, he’s founded many more successful companies, including projects like Starbright World, a private social network for chronically ill children.

After working so well in the private sector, it was only natural that Pulier eventually branched out into government work. Having been impressed with Digital Evolution’s work during the Inaugural Technology Exhibition to celebrate Bill Clinton’s second term, he was chosen to head Al Gore’s health care and technology forum. Since then, he’s worked closely with the Clinton Global Initiative.

Today, Eric Pulier lives in Los Angeles, where he has an active part in the lives of his four children. He’s dedicated himself to philanthropy and attempting to improve peoples’ lives, raising hundreds of millions of dollars for charities around the world and contributing his own vast fortunes to causes like the ACE Foundation, the Campaign for Free College Tuition, the XPRIZE Foundation, and the Painted Turtle.

Additional Sources:

http://ericpulier.com

Giving Back & Persisting Towards Your Future With Eric Pulier

 

John Goullet’s Definition of Success

Through his remarkable entrepreneurial skills, John Goullet has brought great changes to the IT world. The IT marketplace has been noted to be growing at a faster rate that requires additional and knowledgeable personnel to adapt to the changes and keep up the pace. John Goullet is one of the persons that have taken initiative to help clients get amazing IT staffing solutions basing on their immediate needs. His expertise and longtime experience has enabled him develop various business ventures that have recorded impressive returns. Not long ago, John was appointed the principal executive of Diversant LLC due to his great contributions to the firm’s success.

His Drive for Success

Goullet’s drive for success started when he joined Urisnus College in PennsylvaniaState. Upon graduation, he resolved to working for various consulting firms, computer science companies and information service firms with an aim of building his resume. Through voluntary work, John managed to gain lots of experience that enabled him start up his own firm known as Info Technologies in 1994. Here he served as the chief executive officer and under his direction the firm recorded high returns. Info Technologies marked Goullet’s foray into IT staffing business with an end goal to match IT businesses with professional employees.

Building a Legacy

Within a short period of five years, Info Technologies grew tremendously to a 30million dollar enterprise. This saw the firm tothe top fastest growing private ventures within the United States. Later on in 2010, Info Technologies merged with Diversant Inc. to form Diversant LLC. Diversity has been the driving force behind the success of John Goullet.

Diversant LLC is a fully certified minority owned enterprise that focuses on diverse hiring practices. This firm plays a major role in the recruiting process of individuals with an aim of placing then in various business positions that match their capacities and abilities. Potential clients are screened by the use of unique personal approaches that guarantee best solutions. Additionally, improved and modern technological processes and ideas are implemented to ensure that all clients get better solutions basing on their unique needs. Under john’s management, Diversant LLC has grown to a reputable firm that offers leading IT staffing solutions.

Just Fab is the best

JustFab is an online membership that lets you shop the season’s latest trends and gives you personalized recommendations from style experts based on the results of a style survey you fill out upon signing up.

Their VIP membership is 39.95, and you will receive a handpicked selection from a personal stylist every month between the 1st-5th. You can then choose to buy from what you see, request a different selection, or decide to skip a month with no obligation to buy anything. (http://www.justfab.com/how-justfab-works.htm)

Internet Retailer writes about how JustFab is one of the survivors out of many subscription-based companies which seem to be losing their popularity. During the first several months of 2016, they began to make a profit for the first time. The co-founder of the company, Adam Goldenberg, says they are growing and are even planning on a corporate name change to be announced soon.

In their success, they’re heading toward an IPO at some point. Some start-up companies have been able to achieve this, but it’s been increasing difficult with the tight competition over the years.
Most similar companies cease to exist, cooling down the contest for JustFab.

They pride themselves on being different from other subscription services by never sending the customer something they didn’t directly order so they can keep long-term relationships with their clients.

In 2014, a lawsuit took place when subscribers felt tricked into signing up for the subscription and not being able to cancel with ease. They agreed to pay $1.8 million to settle the lawsuit and has since made the subscription apparent when checking out, even adding some videos to clarify.

JustFab designs their products in-house and works with factories all around the world to maximize savings for their customers. They also take pride in eliminating some of the considerable costs of a fashion company by filming their advertisements themselves.

Andy Wirth Committed to Helping Local Traffic While Still Expanding Resort

Andy Wirth’s long-term goal for Squaw Valley is to make it one of the most popular resort destinations in the world for skiing enthusiasts. One of the steps that he thinks the resort needs to take is the planned expansion that they are proposing.

The company has had to go through a series of meetings with some opposition in order to keep their plan moving. One of the main reasons that the expansion is being opposed is the fear that it will greatly exacerbate the already existing traffic congestion problem that exists around Lake Tahoe.

The most recent meeting with the Placer County Planning Commission went very well for the resort. After considering the company’s plans, they decided to give a thumbs up to the project to move it to the next phase of approval.

This next phase is a meeting with the Placer Country Board of Executives. This should be the final approval that Squaw Valley Holdings needs in order to move ahead with the expansion plans.

The main group that is opposing the expansion is the League to Save Lake Tahoe. The league says that traffic is already an issue in the area. Wirth agrees, he doesn’t like the traffic as it is but doesn’t think that the expansion of his resort will add to that problem. He says that problem of traffic around Lake Tahoe will exist whether he expands or not.  Read more: Special Warfare Warrior | Andy Wirth’s Fundraiser

According to Powder, Andy Wirth has gone as far to make some proposals that could help appease those that oppose his company’s plan. He says that the resort company will do everything they can to help ease the traffic flow around their resort. They will also work with the county to develop a more effective mass transit system for the residents of the area and tourists.

Representatives from the League to Save Lake Tahoe say that they would like to see this plan in writing and are concerned that this expansion could affect further expansion by other entities in the area.

Andy Wirth can back his claim that he cares about the local environment. He has worked in philanthropic roles in the community dedicated to preserving the natural beauty of the area as much as anyone else that lives there. He knows how important it is to the success of his ski resort as well.

He has been the CEO of Squaw Valley Ski Resort since he took the job in 2010. He has over 25 years in the ski resort industry. Most of them were spent working in Steamboat Springs, CO. He is the first CEO of the Squaw Valley Resort in 70 years to not be a member of the Cushing family.

Dick DeVos Provides A Glimpse Into How To Be A Good Business leader And Philanthropist

We all look for business and community leaders to follow in the footsteps of or to inspire our children with, and luckily for me I decided to look into the life of Dick DeVos to inspire myself and my family. Dick DeVos embarked upon his business career after his father, who founded the AmWay Group, decided a grounded education in the Michigan public school system was the best option for his son; DeVos initially entered the AmWay Group before developing his own Windquest Holdings investment group, which he still operates and acts as President. DeVos returned to the family with the purchase of the Florida based NBA franchise, the Orlando magic, which he remains a member of the Board of Governors for. I enjoyed discovering more about the return of Dick to the AmWay Group in 1993 as the President of the company, a position DeVos held until 2003 when the company was described as reaching over $4.5 billion in global sales. Since leaving the AmWay group I was pleased to see Windquest Holdings has gone from strength to strength with environmentally conscious investments like the Green Machine.

Dick Devos has taken community leadership to new levels with his continued attempts to help the people of the U.S. and the world as a whole. I was pleased to discover Dick deVos serves on the board of the Grand Action Plan group that has proven a success in developing a range of options for improving the lives of people in Grand Rapids, Michigan.

Alongside the impressive community links Dick DeVos has developed I enjoyed learning about the philanthropy of Dick DeVos, which often revolves around the work Dick and Betsy DeVos have undertaken in the education sector across the U.S. I recently read about the success the DeVos family have seen in providing scholarships for disadvantaged students through his role on the board of the Thunderbird School of Global Management. DeVos has also impressed me with his leadership role on the board of the West Michigan Aviation Academy, which is a charter school he has been involved with since it was founded.