North County Business Briefs: Northrop Grumman awarded $287M contract

By: North County Times - | Friday, March 16, 2007 8:52 PM PDT ∞

RANCHO BERNARDO ---- The U.S. Air Force has awarded Northrop Grumman Corp. a $287 million contract for the next production lot of Global Hawk unmanned aerial systems.

The high-tech spy vehicle is made in the company's Rancho Bernardo site.

Document Sciences posts record

CARLSBAD ---- Document Sciences Corp. reported revenues of $33.4 million for the year ended Dec. 31, a record for the company and an increase of 13 percent from revenues of $29.6 million for all of 2005. Net loss for 2006 was $1.48 million, compared with net income of $19,255 for the previous year.

For the quarter ended Dec. 31, 2006, revenues were $8.8 million, compared with revenues of $8 million for the same quarter in 2005, representing an increase of 9 percent. For the three months ended Dec. 31, 2006, Document Sciences reported a net loss of $1.28 million, compared with net income of $345,486 for the period in 2005.

Micromet sees growth

CARLSBAD ---- Biotechnology company Micromet Inc. says that for the three months ended Dec. 31, it had revenues of $13.8 million, compared with $8.7 million for the same period in 2005. Also for the quarter ended Dec. 31, 2006, the company reported net income of $3.4 million, or 11 cents per share, compared with a net loss of $6.7 million, or 42 cents per share, for the same period a year ago.

Revenues for the year ended Dec. 31, 2006, were $27.6 million, compared with $25.7 million for 2005. Also for 2006, Micromet reported a net loss of $34 million, or $1.29 per share, compared with $19.1 million, or $3.70 per share, for 2005.

Carlsbad-based Micromet also recently announced an agreement with TRACON Pharmaceuticals Inc. granting TRACON exclusive worldwide rights to develop and commercialize Micromet's D93 for the treatment of cancer.

Javo Beverage's revenue increases

VISTA ---- Javo Beverage Co. Inc. says that for the year ended Dec. 31, revenue was $10.32 million, an increase of 67 percent compared with the previous year's revenue of $6.2 million.

For the fourth quarter ended Dec. 31, Javo's revenue was $2.5 million, an increase of 72 percent over the year-ago period of $1.45 million.

The company attributed the strong revenue growth to the addition of 775 new beverage installations in 2005.

Discovery Bancorp's earnings up

SAN MARCOS ---- Net earnings in 2006 for Discovery Bancorp, parent company of Discovery Bank and Celtic Capital Corp., climbed to $1.4 million, or 72 per share, an increase of 145 percent from $553,000, or 42 cents per share, for 2005.

Figures for 2006 include full-year results from the acquisition of Celtic Capital Corp., a commercial finance company, in a transaction that closed Aug. 31, 2005. Figures for 2005 include four months' operations of Celtic Capital.

For the fourth quarter of 2006, a net loss was recorded of $62,000, or 3 cents per share, compared with net income of $330,000, or 18 cents per share, for the same period the previous year.

BioMed Realty declares dividends

RANCHO BERNARDO ---- BioMed Realty Trust Inc. announced that its board of directors declared a first quarter 2007 dividend of 31 cents per share of common stock, payable on April 16 to stockholders of record at the close of business on March 30. The increase is equivalent to an annualized dividend of $1.24 per share.

BioMed also declared a dividend of 45.58 cents per share of the company's 7.375 percent Series A Cumulative Redeemable Preferred Stock for the period of Jan. 18 through April 16. The dividend is payable on April 16 to stockholders of record at the close of business on March 30.

Realty Income announces payouts

ESCONDIDO ---- Realty Income Corp. says that its board of directors has declared an increase in the company's common stock monthly dividend to 12.71 cents per share, from 12.65 cents per share. The new annualized rate is $1.5255 per share. The dividend is payable April 16 to shareholders of record as of April 2.

The company also has declared dividends on its Monthly Income Class D and Class E preferred stock, payable April 16 to shareholders of record as of April 1. The monthly dividend amount on the Class D preferred stock is 15.36 cents per share, for an annualized rate of $1.84 per share. The monthly dividend amount on the Class E preferred stock is 14.06 cents per share, for an annualized rate of $1.69 per share.

Wage, payroll tax seminar slated

EL CAJON ---- The California Division of Labor Standards and Enforcement and the Employment and Development Department will hold a free Wage, Hour and Payroll Tax Seminar for San Diego County employers from 9 a.m. to 1 p.m. Thursday at the East County Regional Education Center, 924 E. Main St. To R.S.V.P., call (866) 873-6082.

NAI subsidiary granted license

SAN MARCOS ---- Natural Alternatives International Inc., a nutritional supplements manufacturer based in San Marcos, says that the Swissmedic Authority of Bern, Switzerland, has granted a second pharmaceutical license to NAI's subsidiary, Natural Alternatives International Europe, S.A. The license allows NAIE to manufacture, import and export pharmaceuticals for sale both in Switzerland and internationally and will remain valid until January 2009.

RedHill Realty buys Arizona properties

CARMEL VALLEY ---- RedHill Realty Investors, a privately held real estate company based in Carmel Valley, has acquired three properties in the Phoenix area.

The properties ---- Pinnacle Grove, Madera Point and South Creek ---- were acquired in separate transactions, and are the company's first purchases in Arizona. Financial terms of the deal were not disclosed.

Skyriver deploys St. Bernard system

RANCHO BERNARDO ---- St. Bernard Software, headquartered in Rancho Bernardo, announced that Skyriver Communications has deployed St. Bernard's LivePrism system throughout its organization and to selected customers.

LivePrism eliminates spam and ensures that Skyriver's customers are compliant with federal and industry regulations.

RB groups part of agreement

The Association for Services Management International has entered into a long-term agreement to become part of a network of associations that includes the Rancho Bernardo-based Service & Support Professionals Association and the Technology Professional Services Association. This agreement creates the industry's first-ever alliance of services associations. However, each association will remain independent.

Bancorp makes magazine list

TEMECULA ---- Temecula Valley Bancorp Inc., parent of Temecula Valley Bank, ranked 13th on the January 2007 US Banker magazine list of Top 25 Banks in the United States with assets over $1 billion.

WEST Consultants awarded contract

Engineering firm WEST Consultants Inc., which has an office in Rancho Bernardo, was awarded a contract for hydraulic design and related services from the New Orleans District of the U.S. Army Corps of Engineers. The contract is for $500,000 a year, up to three years. Martin J. Teal, manager of WEST Consultants' Rancho Bernardo office, is the project manager for the contract.

YoNaturals launches distributorship program

SOLANA BEACH ---- YoNaturals Inc., maker of the YoZone, a vending machine that offers natural and organic food, is offering distributorships to business people. Go to www.yonaturals.com/healthfoodvending.html.

HP joins professional services group

RANCHO BERNARDO ---- The Technology Professional Services Association, headquartered in Rancho Bernardo, says that Hewlett-Packard has become a member of the group.

Cabrillo Credit Union donates

SCRIPPS RANCH ---- In December, staff and members of Cabrillo Credit Union donated gifts and money to San Diego's Children's Hospital Convalescent Home. The majority of the items were toys and blankets.

The credit union is headquartered in Scripps Ranch.

Tarari product noted by webzine

RANCHO BERNARDO ---- Tarari Inc., a Rancho Bernardo electronics company, announced that its T9000 Multi-Core Content Processor has been awarded the 2006 Product of the Year for Best Security Product by analogZONE, a webzine for electronic design engineers that reviews hundreds of products each year.

Senior Resource Association donates

ESCONDIDO ---- The Senior Resource Association of North County, a group of business professionals, recently donated $500 each to The Elizabeth Hospice and Palomar Pomerado Health Lifeline for their contributions to the senior community.

Facelogic a finalist in Stevies

CARLSBAD ---- Facelogic International was named a finalist in two categories in the third annual Stevie Awards for Women in Business. Company founder and Chief Executive Officer Sherryl Ford is a finalist in the Best Entrepreneur-Service Businesses-Up to 100 Employees category, and the company was chosen as a finalist for the Best New Company of the Year.

Credit union awarded grants

OCEANSIDE ---- Faith Based Federal Credit Union says that it has been awarded two grants from the National Credit Union Administration, Office of Small Credit Union Initiatives, and a third grant from the National Federation of Community Development Credit Unions.

The amounts of the grants were not disclosed.

Realtors donate to center

OCEANSIDE ---- Realtors from District 5 of the North San Diego County Association of Realtors recently donated a check for nearly $687 to The Encouragement Center in Carlsbad. The center makes sack lunches and takes them to hungry people on the streets in North County.

Garden Bakery nominated for award

TEMECULA ---- Country Garden Bakery & Restaurant in Temecula won the Best Network Meeting Restaurant Award at the For You Network's fifth annual "Have a Heart Awards" program in Pomona.

Council lauds Palomar Pomerado

SAN DIEGO ---- The California Council for Excellence has awarded Palomar Pomerado Health with a Bronze-level award for the 2006 California Awards for Performance Excellence program.

Local winery racks up awards

TEMECULA ---- South Coast Winery was the top award winner from the Temecula Valley at the 2007 San Francisco Chronicle Wine Competition. The winery came away with 12 medals ---- eight bronze and four silver.

Arkeia Software a 'Hot Company'

CARLSBAD ---- Arkeia Software, a provider of data protection software, is the recipient of the Hot Companies 2007 award from Storage Products Guide.

ABD Insurance publishes guide

CARLSBAD ---- ABD Insurance and Financial Services has published the 2007 edition of its "Insurance Risk and Management: An Entrepreneur's Guide." For a free copy, call (760) 931-3500 or e-mail a3f@abdi.com.

Credit union receives several grants

OCEANSIDE ---- Faith Based Federal Credit Union says that has been awarded two grants from the National Credit Union Administration, Office of Small Credit Union Initiatives and a third award from the National Federation of Community Development Credit Unions. The amounts of the grants were not disclosed.

Contractors group gains members

NORTH COUNTY ---- Barbeques Galore in Encinitas and Quality Chevrolet in Escondido have become members of the California Landscape Contractors, San Diego chapter.

Barratt garners 11 awards

CARLSBAD ---- Barratt American, headquartered in Carlsbad, won 11 Silver Awards for excellence from the Sales and Marketing Council of the National Association of Home Builders for five of its communities. Among the communities noted was Amore at Vellano in Chino Hills, which won Detached Community of the Year.

Assure Controls product noted by feds

CARLSBAD ---- The U.S. Environmental Protection Agency says that Assure Controls Inc.'s QwikLite technology was added to the list of technical descriptions in the EPA Technology Innovation Program. The program promotes methods and advanced techniques that have been used in government projects.

Assure Controls is based in Carlsbad. Its QwikLite product uses sensitive bioluminescent plankton to assess toxic levels of contaminants in water and soils.

Bridgetech enterprise gets OK from Chinese

SOLANA BEACH ---- Guangzhou Bridgetech Medicines Company Ltd., an enterprise of Solana Beach-based Bridgetech Holdings International Inc., received the Chinese government's Certificate of Approval. This means that Bridgetech can independently import/export and distribute products under its own management.

Ware Malcomb noted by magazine

SAN DIEGO ---- Architecture, planning and interior design firm Ware Malcomb, which serves the San Diego County area, was ranked No. 61 in Interior Design Magazine's "Top 100 Interior Design Giants," which appeared in the January issue.

Objectiva Software included on list

CARLSBAD ---- Objectiva Software Solutions says that it has been included on the International Association of Outsourcing Professionals Global Outsourcing 100 list of the world's foremost software services providers, to be published in a special outsourcing section in the April 30 issue of Fortune magazine and on IAOP's Web site, www.outsourcingprofessional.org.

SANDEE Award winners named

The San Diego Zoo's Wild Animal Park in Escondido recently won a San Diego Excellence in Energy Award for Special Achievement in Energy by a Nonprofit, for its Arnold & Mabel Beckman Center for Conservation Research and Science.

Organizations with North County ties that were runners-up for the SANDEE Awards include Black Mountain Ranch LLC, for the development of the Del Sur community and The Ranch House; and RideLink, a San Diego Association of Governments program.

Edward Jones among 'champs'

Edward Jones, which has locations throughout North County, ranked No. 6 among 25 national and international companies in BusinessWeek magazine's first "Customer Service Champs" ranking.

Emerald Lake center noted

CARLSBAD ---- Emerald Lake Corporate Centre in Carlsbad was recently awarded the Energy Star award by the Environmental Protection Agency and the Department of Energy.

Irrigation district honors 2 companies

VISTA ---- The Vista Irrigation District's Water Steward Award was recently presented to senior retirement community Arcadia Place and Grover Realty for their water conservation efforts.

Griffin Ace Hardware establishes FRIENDS

4S RANCH ---- Griffin Ace Hardware, at 10511 4S Ranch Parkway, has established a FRIENDS program to support 4S Ranch and Rancho Bernardo nonprofit organizations. The store rebates 5 percent of purchases made by members of FRIENDS organizations back to community groups such as school PTAs, church organizations, Boy and Girl Scout troops and the library.

Del Sur neighborhoods win 'gold'

SAN DIEGO ---- The sales and marketing council of the National Association of Home Builders recently announced that Del Sur, a community about two miles west of Rancho Bernardo, won two 2007 Gold Awards. The community won an award for Best Sales Information Center for the Ranch House, and Del Sur's Madeira neighborhood won for best single-family detached home for the Plan Four residence.

Tastefully Simple garners award

Tastefully Simple Inc., a direct-sales gourmet food company that has North County representatives, recently received the Minnesota Governor's Award for Excellence in Waste and Pollution Prevention.

La Costa Glen a 'Great Place to Work'

CARLSBAD ---- Continuing-care retirement community La Costa Glen Carlsbad has been named a "Great Place to Work" by the San Diego Society for Human Resources Management. The society recently presented La Costa Glen with a "Medallion" award at its seventh annual awards ceremony.

Leisure Living a top dealer

TEMECULA ---- Leisure Living Superstore, a retailer serving the Temecula area with furnishings for home resort living, was recently honored as a top dealer for Cal Spas.

USD program among tops in nation

SAN DIEGO ---- Business Week magazine recently ranked the University of San Diego School of Business Administration as one of the top undergraduate business programs in the country. The program was ranked 46th out of 50 on the list.

Waste Management lauded by MADD

SAN DIEGO ---- Waste Management's operations in San Diego County, based in Carlsbad, Oceanside and El Cajon, recently received an outstanding corporate leader award from Mothers Against Drunk Driving San Diego County at MADD's annual recognition luncheon.

Open Energy receives award

SOLANA BEACH ---- Open Energy Corp. received the 2007 "SpecRight Award" and was nominated for "Gold Circle" from the National Roofing Contractors Association for its Tahoe Center for Environmental Sciences Project at the International Roofing Expo in Las Vegas.

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