Leader in domestic sourcing to create 100 jobs
Governor Sonny Perdue announced today Rural Sourcing, Inc. (RSI), an Atlanta-based provider of internet technology domestic sourcing, is opening a development center in Augusta in Richmond County. The company plans to create 100 direct jobs in the fields of computer and software engineering and programming.
“Georgia’s highly-skilled pipeline of talent for high tech companies will certainly be an asset to the Rural Sourcing Augusta development center,” said Governor Perdue. “The company’s expansion will boost the local economy and provide job opportunities for Augusta-area residents.”
RSI’s client list includes Fortune 500 companies, as well as small to mid-size businesses seeking cost effective alternatives to offshore staffing. The company leverages its pool of well-trained IT professionals in smaller markets to meet its clients’ critical IT resource needs.
“Our 300 percent annual growth rate is indicative of the market’s appetite for a low-cost, high-quality on-shore alternative to the traditional offshore India operations. We are extremely excited about our Augusta location because of the outstanding workforce in Augusta,” said Monty Hamilton, CEO of Rural Sourcing Incorporated. “RSI has an excellent working relationship with the Development Authority of Richmond County and the Georgia Department of Economic Development. As we look forward, our sights are set on continuing to put Americans back to work right here in Augusta and the surrounding area for many years to come.”
The company’s Augusta development center will locate at Augusta’s Enterprise Mill. During its location search, RSI considered communities with relative proximity to four-year universities in non-metropolitan areas that offer a high quality of life and low cost of living. This approach allows the company to pass along cost savings to its clients.
“I am very pleased that Rural Sourcing Incorporated has chosen Augusta for this project. Augusta shares RSI’s commitment to high quality information technology services,” said Terry Elam, chairman of the Development Authority of Richmond County. “We’re proud that Augustans will be at the forefront of this important information technology sourcing savings for companies around the world.”
RSI will hire from the local workforce in Augusta, and will be accepting employment inquiries from interested applicants via the company’s website, www.ruralsourcing.com.
“Rural Sourcing Incorporated will hire top-notch, skilled people with experience in computer operations and information technology, and will add greatly to the outstanding workforce here in Augusta,” said Walter Sprouse, the Executive Director of the Development Authority of Richmond County. Georgia Department of Economic Development statewide project manager Glen Whitley assisted the company with this location, in collaboration with the Development Authority of Richmond County.
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Tuesday, November 30, 2010
Rural Sourcing, Inc. Announces Augusta Operation
Saturday, January 16, 2010
Suniva Awarded $5.7 Million in Clean Energy Manufacturing Tax Credits
(BUSINESS WIRE)--Suniva®, Inc., a U.S. based high-efficiency solar manufacturer, today announced it received $5.7 million in Recovery Act Advanced Manufacturing Tax Credits to expand its solar cell manufacturing facility in Norcross, GA.
“In little more than a year, Suniva built the capacity to produce hundreds of millions of dollars worth of solar technology, and we’ve created over 130 green jobs in the process”
Suniva started producing monocrystalline solar cells at its Norcross facility in October 2008 and now operates two solar cell production lines with an annual capacity of 100 MW. Currently, Suniva is preparing to construct its third manufacturing line in Norcross, which will increase production capacity by 75 percent and create more than 50 manufacturing jobs in 2010.
“In little more than a year, Suniva built the capacity to produce hundreds of millions of dollars worth of solar technology, and we’ve created over 130 green jobs in the process,” said Suniva CEO John Baumstark. “These tax credits enable us to continue expanding and supplying the rapidly growing American solar market with products developed in American laboratories and made by American workers.”
Suniva’s technology was developed through research conducted by Suniva founder and CTO Dr. Ajeet Rohatgi at the University Center for Excellence in Photovoltaics (UCEP), a U.S. Department of Energy-funded laboratory. Suniva’s solar cells and modules are installed globally in solar systems in the United States, Europe and Asia, including India’s first large-scale solar project located in West Bengal.
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Friday, January 23, 2009
EAU Technologies Receives Patent for Empowered Water(TM)
/PRNewswire-FirstCall/ -- EAU Technologies, Inc. ("EAU" or "Company") (OTC:EAUI) (BULLETIN BOARD: EAUI) , a leading provider of electrolyzed oxidative water, announced today its receipt of Patent #US7,445,800 B2, from the United States Patent Office, to use Empowered Water(TM) Primacide A and C for mold remediation.
Empowered Water(TM) Primacide A and Primacide C are produced by EAU's state-of-the-science generators using a unique combination of cell technology, salt and electricity to alter the molecular structure of water to create a non-toxic, oxidized antimicrobial solution. Empowered Water(TM) Primacide solutions are disinfecting fluids that kill a variety of pathogens including bacteria, viruses, molds and spores, within seconds of contact.
EAU conducted successful protocol studies for the use of Empowered Water(TM) in mold remediation with an industry-leading research firm. Results demonstrated dramatic reductions of mold counts on contaminated surfaces without the use of toxic chemicals.
"In entering any new channel, we first must conduct extensive research to prove the application. Following that, we protect it as best as we can while we develop a realistic business model and find an industry partner to assist with rolling out the technology," said Wade Bradley, CEO of EAU Technologies, Inc. "Mold remediation proved very effective early on. As mold is a major cause of asthma and respiratory problems, especially in children, we are confident that the use of our non-toxic solutions will contribute to a shift in how the industry approaches remediation in this area."
Bradley added that EAU is actively involved in commercializing industrial applications for Clean-in-Place (CIP), Poultry Processing and in Dairy applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may include without limitation, our expectations about the growth and the potential for the company, and Mr. Bradley's abilities to lead the company in that growth. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk associated with successfully developing our business in evolving markets, our need for additional capital, our continuing operating losses, the ability of our management to conduct distribution activities and sell products, possible failure to successfully develop new products, vulnerability to competitors due to lack of patents on our products, and other risk factors listed in our annual report on Form 10-KSB for the year ended December 31, 2007 and our other SEC reports. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
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Friday, January 16, 2009
Statement by John Baumstark, CEO of Suniva, on Being Recognized by Governor Perdue in the State of the State Address
(BUSINESS WIRE)--“Over the past year, Suniva has had a great relationship with the state and Governor Perdue's office. We were honored to be recognized in the Governor's speech as a stand out in the renewable energy sector, bringing new technology and industry to Georgia.
“As the governor stated, Suniva was born in the labs of Georgia Tech. Our Georgian heritage is a major part of our success, and we plan to continue our relationship with Georgia Tech as we lead the world in the pursuit of low cost, high efficiency solar technology here at home.
“With the help of sound economic policies from the Governor, we plan to build upon our many early successes and continue creating jobs here in Georgia in 2009 and beyond.”
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Thursday, November 27, 2008
PureRay Corp. to Extend Filing of Form 15
/PRNewswire-FirstCall/ -- PureRay Corporation (OTC Bulletin Board: PURY), a lighting-technology company specializing in solar-powered products, announces today it will extend the date for filing a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission.
Originally set for November 28, 2008, the filing date for the Form 15 to affect the deregistration of PureRay's common stock is being extended to December 12, 2008, to give PureRay's Board of Directors and management time to consider strategic alternatives to deregistration that they believe may be in the best interests of PureRay and its shareholders. PureRay may determine to implement any such strategic alternatives and, as a result, not file the Form 15 to affect the deregistration of its common stock. However, PureRay has not yet determined to implement any such strategic alternatives to deregistration. The determination to implement any such strategic alternatives to deregistration or not file the Form 15 to affect the deregistration of PureRay's common stock will be made by PureRay's Board of Directors.
"We want to weigh all options that are available to us," said Mr. Jefrey Wallace, PureRay Corporation's President and CEO. "PureRay shareholders deserve no less than certainty from its Board of Directors that the company is moving in the right direction with regard to its being a public company."
Upon filing a Form 15, PureRay Corporation's obligations to file certain reports with the Securities and Exchange Commission, including Forms 10-K, 10-Q and 8-K, would immediately be suspended; deregistration of the company's common stock would become effective ninety (90) days after the filing with the SEC. Upon the effectiveness of the deregistration of PureRay Corporation's common stock, it would no longer be a public reporting company, and its securities would cease trading on the OTC Bulletin Board.
PureRay makes a self-contained, solar-powered LED lighting system for use in markets without access to electrical-power grids.
Based in Atlanta, PureRay is committed to improving the quality of light and the quality of life globally through safe, energy-efficient lighting. PureRay focuses on making solar-based charging and lighting systems practical and cost-effective for developing-world countries in Africa, South Asia, the Caribbean and Latin America, as well as for domestic markets. Its proprietary lighting system is patent-pending.
This Press Release may contain, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "plan," "anticipate" and similar expressions identifying forward-looking statements.
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Saturday, November 1, 2008
TSYS to Expand Global Payment Capabilities with Acquisition of Infonox
(BUSINESS WIRE)--TSYS announced today that it will acquire Infonox, a privately owned California-based technology firm with payments expertise, leading-edge technology and a focused methodology to deliver rapid-to-market solutions. The acquisition is expected to be completed the week of November 3, 2008.
This acquisition will add valuable new payment technology and acceptance capabilities that elevate TSYS in its mission to move any payment form, through any payment device, anywhere in the world, over any network.
The company will be known as Infonox, a TSYS company. Its “plug-and-play” platforms simplify the acceptance of payment forms to include, but not limited to: debit, credit, prepaid, money transfer and checks; it also offers new connectivity interfaces to multiple payment devices and new channels of service delivery such as mobile phones, ATMs and bill-pay kiosks.
Infonox also provides a proprietary end-to-end tool to manage the lifecycle of a merchant so businesses can better engage, serve and retain their customers.
“TSYS’ acquisition of Infonox will add a Silicon-valley innovation team to our arsenal,” said Philip W. Tomlinson, chief executive officer of TSYS. “It provides a host of tools and services that will be very attractive to clients of TSYS Acquiring Solutions and technologies we believe will add increased value to our clients across the TSYS enterprise.”
“This is much more than just an acquisition,” said Dr. Safwan Shah, president and chief executive officer of Infonox. “The synergy Infonox has achieved through the partnership with TSYS presents us with a tremendous opportunity to grow our business and take our products and services to new levels of penetration.”
Dr. Shah will remain with Infonox as president, reporting to Robert J. Philbin, president of TSYS Acquiring Solutions.
“Infonox provides a comprehensive suite of services to manage the lifecycle of a merchant, the lifecycle of a transaction and the lifecycle of a customer. Together we will deliver solutions-on-demand that include a full-range of POS product offerings and payment acceptance forms, more efficient sales and merchant activation tools, enhanced portfolio management, reporting tools and an integrated suite of workflow tools to drive greater back-office efficiency,” said Mr. Philbin.
Infonox offers an array of payment products on self-service and full-service transaction touch points in the gaming, banking and retail markets. The company delivers, manages, operates and supports services for several large publicly traded companies.
Highlights:
* Infonox software platform is used for managing a merchant portfolio from sales to profitability. Thousands of merchants and acquirers get up-to-the-second information on their business.
* Infonox software platform is used to process checks (personal, payroll), intercept and switch ATMs, conduct debit and credit transactions, process instant loans, facilitate bill payments, carry out money transfers, issue and dispense prepaid cards, and more.
* Infonox technology enables connection to any back end processor and payment brands or networks.
Established in 1999, Infonox is based in Sunnyvale, Calif., with an additional office in Pune, India.
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Tuesday, October 14, 2008
Southeast Venture Conference Announces Call for Presenting Companies
PRNewswire/ -- The 2009 Southeast Venture Conference announced it is actively seeking showcase companies for its third annual event set for March 11-12, 2009 at Atlanta's Intercontinental Buckhead Hotel.
The conference selection committee, made up of top venture capitalists from around the region, is seeking high growth, innovative companies from a multitude of industries and stages. Southeast Venture Conference presenting companies will have proven management teams and unique market and/or technology positions.
The conference will feature a combination of both early and later stage firms, with previous presenting companies ranging from pre-revenue to firms with over $30 million in revenue.
Over 40 presenting companies will showcase their technologies before a regional and national audience of venture capitalists, private equity investors, angel investors, investment bankers and the technology service community. Presenting companies must be headquartered in one of the following: Alabama, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia or Washington DC.
The application deadline for presenting companies is set for November 14th, 2008. Additional details on presenting or registration information can be found at www.seventure.org .
The sold-out 2007 and 2008 SEVC's held in Research Triangle Park, NC and Tysons Corner, VA respectively featured over $80 billion in private equity investment capital represented in attendance.
In addition to presenting companies, the conference will feature exclusive networking opportunities, featured speakers and a number of investor/executive oriented panels.
Tim Draper, founder and managing director of venture capital heavyweight Draper Fisher Jurvetson, has been announced as one of the conference's keynotes.
About the Southeast Venture Conference
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