Pomerleau Real Estate is pleased to announce that Ed Helmer has joined their Commercial Real Estate Division.Helmer is a native Vermonter currently living in Colchester. In 2002, Ed graduated from Phillips-Exeter Academy and in 2002, graduated from Bates College as an English major. His current focus is on getting his real estate license and becoming a member of the Burlington community.
July 30, 2007Verizon Wireless To Acquire Rural Cellular Corporation,Expand The Nation’s Most Reliable Wireless NetworkAcquisition Will Expand Coverage In Rural Markets In 15 StatesBasking Ridge, NJ – In a move to expand its wireless service coverage inrural markets, Verizon Wireless, a joint venture of Verizon Communications(NYSE:VZ) and Vodafone (NYSE and LSE: VOD), announced today that it hasentered into an agreement to acquire Rural Cellular Corporation(NASDAQ:RCCC), for approximately $2.67 billion in cash and assumed debt.The acquisition will further enhance Verizon Wireless¹ network coverage inmarkets adjacent to its existing service areas. The combination willincrease Verizon Wireless coverage by 4.7 million licensed POPs(population), and increase its customer base by more than 700,000.”Verizon Wireless continually looks for opportunities to enhance ourcustomers’ wireless experience,” said Lowell McAdam, president and CEO ofVerizon Wireless. “The addition of Rural Cellular¹s markets will enable usto expand our services into areas where previously we had little or nopresence, and will give Rural Cellular¹s Unicel customers access to thenation¹s most reliable network and a broader range of voice and dataservices.”Richard Ekstrand, president and CEO of Rural Cellular Corporation, said,”Since the founding of Rural Cellular Corporation in 1990, our mission hasbeen to provide wireless service to rural areas across the country wheretourism, agriculture and small businesses are prevalent. Our employees aredeservedly proud of the tremendous growth and strong financial performancewe have achieved, while we continued to focus on providing innovativesolutions through wireless technologies and maximizing customersatisfaction.”Today, as the wireless industry continues to evolve, our Board of Directorshas concluded that it is in the company’s best interest to enter into a saletransaction with Verizon Wireless. As the nation’s leading wirelessprovider, Verizon Wireless has the resources and scale to provide a widerange of outstanding products and services to our customers, while alsooffering new opportunities for many of our employees.”Rural Cellular’s network served 716,000 customers as of March 31, 2007,spread across five regional territories. Its networks are located in thestates of Maine, Vermont, New Hampshire, New York, Massachusetts, Alabama,Mississippi, Minnesota, North Dakota, South Dakota, Wisconsin, Kansas,Idaho, Washington, and Oregon.Rural Cellular utilizes both CDMA and GSM technology separately across itsfive regional markets. Verizon Wireless plans to deploy CDMA service inRural Cellular’s existing GSM markets and convert the GSM customers to CDMAservice. Verizon Wireless, however, anticipates maintaining RuralCellular¹s existing GSM networks to continue serving the roaming needs ofother GSM carriers¹ customers.Verizon Wireless expects to realize more than $1 billion in synergies inreduced roaming and operations expenses. The addition of the new marketswill also offer the company additional upside growth opportunities.Deal TermsUnder terms of the agreement, approved by the boards of both companies,holders of Rural Cellular’s common stock will receive $45 per share in cashfor a total equity price of $757 million on a fully diluted basis.Including net debt as of the first quarter of 2007, the total transactionvalue is approximately $2.67 billion. The $45 price per share represents a16 percent premium to the average closing price over the last 10 tradingdays and a 41 percent premium to the last closing price of $31.88 on Friday,July 27, 2007.The acquisition, which is subject to governmental and regulatory approvaland approval of Rural Cellular’s shareholders, is expected to close in thefirst half of 2008.About Verizon WirelessVerizon Wireless operates the nation’s most reliable wireless voice and datanetwork, serving 62.1 million customers. The largest U.S. wireless companyand largest wireless data provider, based on revenues, Verizon Wireless isheadquartered in Basking Ridge, N.J., with 67,000 employees nationwide. Thecompany is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone(NYSE and LSE: VOD). Find more information on the Web atwww.verizonwireless.com(link is external)About Rural Cellular CorporationRCC, based in Alexandria, Minnesota, provides wireless communicationservices under the Unicel brand to Central, Midwest, Northeast, South andNorthwest territories located in 15 states. For additional informationabout Rural Cellular Corporation, please refer to its web site atwww.unicel.com(link is external).
Global Entrepreneurship WeekNovember 17-20 (Monday-Thursday)4 pmBillings North Lounge at the University of VermontInformation and Expo Registration: http://www.uvm.edu/cdae/entrepreneurshipweek/index.html(link is external)With the goal of inspiring potential entrepreneurs within the University of Vermont and beyond, the Community Development and Applied Economics Department is calling for entrepreneurs to highlight their own projects through the expo and participate in the discussions about the challenges and benefits of entrepreneurship.Each evening has a slightly different theme:Nov 17: Invent It! Product innovation, invention, development and commercializationNov 18: Be Creative! Creative, information, technology and energy entrepreneurshipNov 19: Make it Local! Social and community entrepreneurship: VermontNov 20: Take it Global! Social and community entrepreneurship: International
Governor Jim Douglas joined U.S. Secretary of Education Arne Duncan 20 other governors at a symposium put on by the National Governors Association (NGA) and the James B. Hunt, Jr. Institute for Education Leadership and Policy. As vice-chairman of the NGA and chair of NGA Center for Best Practices, Governor Douglas co-hosted the event with former Governor Jim Hunt (D-NC) and Governor Bev Perdue (D-NC). This is a tremendous opportunity for me and my colleagues to share our thoughts, ideas and experiences with one another and with the Obama Administration, Governor Douglas said. While Vermont students are among the brightest in the country, I looking forward to bringing back ideas that can help improve our system of education by making it more innovative, efficient and cost-effective, he added.Vermont will receive about $140 million through the American Recovery and Reinvestment Act (ARRA) for education and the state will compete for millions more in competitive Race to the Top and other grants. One-time ARRA money offers a real opportunity to transform education in Vermont, but we can t spend this money as if it is business-as-usual in a way that builds up base government spending, the Governor said. A wise deployment of these funds has the potential to better prepare our students for a rapidly changing economy, while creating a more cost-effective system of education in Vermont.The Governors Education Symposium, which concludes on June 15, is comprised of working sessions that will focus on standards and assessments, teacher effectiveness, support for low-performing schools and maximizing the Race to the Top Funds. Source: Governor Douglas’ office
For the third year in a row Vermont achieved its goal of sustaining a seat belt usage rate of above 85 percent. And as a result of the State’s impaired driving countermeasures, Vermont attained the lowest alcohol-impaired fatality rate in the country in 2008, according to the National Highway Traffic Safety Administration (NHSTA).“We’ve worked hard to make our roads and highways safer through outreach and education,” said Governor Douglas. “These results are thanks to our hardworking public safety professionals, as well as to Vermonters who are adopting safe driving practices every day.”In a letter to Public Safety Commissioner Tom Tremblay, NHSTA Regional Administrator Philip J. Weiser commended the Governor’s Highway Safety Program (GHSP), in particular Coordinator Jeanne Johnson, on Vermont’s progress maintaining a high seat belt usage rate and the lowest alcohol-impaired fatality rate in the country in the preceding year.“While all Vermonters can be proud that we are recognized for our safety efforts, we must remain ever vigilant,” said Jeanne Johnson. “Drivers should always obey the speed limit, buckle up, never drive impaired and keep focused on the road at all times.”As a secondary enforcement state, Vermont was able to maintain a seat belt usage rate of 85 percent for three years in a row due to annual high-visibility enforcement campaigns, as well as collaborative, data-driven efforts among state, county and local law enforcement agencies – efforts that are also critical to reducing the number of alcohol-related fatalities and injuries.“State, county and local law enforcement are all working together to build on past success and make our roads safer,” said Commissioner Tremblay. “Strengthening our great collaboration is necessary so that we can continue to meet our highway safety goals.” Source: Governor’s office. 2.2.2010###
Northfield Savings Bank,In the wake of Tropical Storm Irene which affected much of central and southern Vermont, and resulted in the worst flooding in a generation, Northfield Savings Bank today made a $100,000 donation to the Green Mountain United Way for immediate disaster relief. The presentation of funds was held at the bank’s Waterbury, VT branch at 29 South Main Street. The location was significant, as floods had destroyed this branch earlier in the week. “Northfield Savings Bank was founded on the principle of Vermonters helping Vermonters,” said Thomas N. Pelletier, President and CEO of Northfield Savings Bank. “More than seven generations later, this remains a central part of our mission. This money will be put to immediate use to help Vermonters recover from the ravages of Tropical Storm Irene.” Green Mountain United Way will be the administrative agent for the funds. Funds will be distributed to community-based organizations in central Vermont that are providing immediate assistance to those in need. The intention is to help community organizations facilitate the delivery of basic human needs; food, clothing and shelter. Individuals in need of assistance should call VT 211 in order to be directed to the appropriate community organizations. Bank president, Thomas Pelletier presented the check to Nancy Zorn, executive director of Green Mountain United Way. Community-based organizations are encouraged to contact the Green Mountain United Way to access funding by calling (802) 229-9532, or visiting www.gmunitedway.org(link is external).About Northfield Savings BankNorthfield Savings Bank was founded in Northfield, Vt., in 1867 by a schoolmaster and haberdasher who believed a local community bank was needed. More than seven generations later, the Bank continues this community-minded tradition, and has grown to become the second largest bank headquartered in Vermont with assets of over $650 million. Also known for its role as a corporate citizen, Northfield Savings Bank proudly donates 10% of profits to Vermont community organizations, which totaled $420,000 in 2010. Northfield Savings Bank operates 13 branches throughout central Vermont and Chittenden County. Member FDIC. About Green Mountain United WayGreen Mountain United Way assesses the local area’s strengths and weaknesses and collaborates with other organizations, government agencies, faith-based groups, businesses and individuals to make the community a better place for all people. GMUW’s priority areas are in financial stability, healthy living, early learning and basic needs. For more information go to www.gmunitedway.org(link is external). NORTHFIELD, VT (September 2, 2011)’
AllEarth Renewables, Inc.,The dealer partnership between installer ReVision Energy and solar tracker manufacturer AllEarth Renewables of Williston, Vermont, was announced today. The new partnership will bring the innovative Vermont-manufactured AllSun Tracker solar electric system to homeowners and businesses throughout northern New England.Designed and manufactured in Williston, AllSun Trackers use innovative GPS and wireless solar technology to follow the sun throughout the day to boost solar energy production by up to 45 percent. The ground-mounted solar systems are designed for homes, businesses, non-profits, and commercial-scale installations.In northern Vermont, a single 4.2 kW solar tracker will produce an average of 490kWh of energy per month’enough to power the majority of an average New England home. With offices in Exeter, NH, Portland and Liberty, ME, ReVision Energy is a full service renewable energy contracting company that provides solar engineering, design, installation and equipment services for homes, businesses, municipal buildings and nonprofits. The partnership will bring the locally manufactured solar trackers throughout New Hampshire and Maine. AllEarth Renewables previously established a Vermont-based dealer network for their energy system.‘Committed to meeting our growing clients’ needs and interests, the Vermont-made AllSun Tracker has been an excellent addition to our installation hardware. More and more people are excited about the prospect of creating their own source of energy and with the AllSun Tracker they can optimize their production yielding a better return on investment’ said Phil Coupe, partner of ReVision Energy.‘We are excited to be partnering with the experienced team at ReVision Energy and to be able to provide our product to other northeastern states. Designed and manufactured to produce more energy from the sun, our trackers make solar practical and affordable for homeowners, businesses, and non-profits,’ said David Blittersdorf, president and CEO of AllEarth Renewables. ‘With more than 800 trackers installed in Vermont alone, this new partnership will continue to help make solar possible throughout northern New England.’The first AllSun Tracker installed by ReVision Energy will be formally commissioned at an event on September 21 at Lakes Region Community College in Keene, NH.AllEarth employs 25 full-time staff and five seasonal staff, and has manufactured and installed over 800 solar tracker systems. Blittersdorf, the renewable energy company’s CEO, was recently listed among 25 of ‘America’s Most Promising Social Entrepreneurs of 2011’ by Business Week and the company was ranked by Vermont Business Magazine as the state’s fastest growing company over the last five years. WILLISTON, Vermont . . . September 14, 2011 . . .