Exterus Technology for Business of Shelburne announced that Dan Swider was hired as an Account Executive for Williston, and Orange and Windsor Counties. Mr. Swider has over 5 years of experience in inside/outside sales and fundraising. Prior to joining Exterus, he was in Business Development with Global eProcure in New Jersey. He holds a BA in History from Seton Hall University. Visit www.exterusbusiness.com(link is external) for more information on our products and services.
BURLINGTON, Vt.–Paul Millman, vice president and CEO of Chroma Technology Corp. in Rockingham, Vt., was invited to spend a day on the Champlain College campus on November 29 as part of a new Champlain Division of Business initiative called Executive Spotlight.The mission of Executive Spotlight is to engage Champlain College students, faculty and the broader Champlain community with business leaders who have made a significant contribution to Vermont and its economy. Millman spent the afternoon speaking with students and participating in a roundtable discussion with faculty members. The program concluded with a reception in the historic Morgan Room.In an international marketing course, Millman spoke with students about the importance of cultural sensitivity and the acquired skills necessary to successfully conduct business around the globe. He related some of his experiences doing business in China, Japan, India and Germany.Chroma Technology is an employee-owned company that manufactures microscope filters from the ultra-violet to the near-infrared portions of the spectrum. Chroma serves the scientific and technical communities. It takes pride in being environmentally conscious, having made a significant investment in its facilities to maximize energy efficiencies.Over the past several years, Chroma has been the recipient of numerous awards, including One of the Best Places to Work in Vermont, an award presented jointly by Vermont Business Magazine, Vermont Chamber of Commerce, Vermont Department of Labor, Vermont Department of Economic Development and the Society for Human Resource Management in November 2006.Last year the company was also named Exporter of the Year by the Vermont Chamber of Commerce in conjunction with the U.S. Department of Commerce. Chroma exports to more than 52 countries, with export sales totaling more than 40 percent of all sales. Earlier this fall, Chroma Technology was awarded a 5x5x5 Growth Award, which honors the five fastest-growing companies over the past five years in five major categories. Chroma has been honored four out of the last five years in the technology category.The host of the Executive Spotlight initiative, Champlain Colleges Division of Business, has a longstanding reputation for academic excellence and close ties to the Vermont business community. The Divisions degree programs include Accounting, Business, e-Business Management, Hotel/Restaurant Management, Event Management, International Business, Marketing and Paralegal Studies.
Green Mountain Coffee and Keurig Bring Single-Cup Brewing to Grocery Stores Nationwide New Brewer and 12-Count Package Debut in Grocery ChannelWATERBURY, Vt.–(BUSINESS WIRE)– Keurig has ignited a revolution in coffee making as the market leader in single-cup brewing. Now, in response to feedback from its customers and consumers, Green Mountain Coffee and Keurig, divisions of Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR), are providing their winning combination of single-cup brewers and patented K-Cup(r) portion packs to grocery stores across the country, just in time for the holidays.Consumers now have a unique offering from Keurig and Green Mountain Coffee in grocery stores. A new single-cup brewer from Keurig, the Classic, is available exclusively at grocery locations. In addition, Green Mountain Coffee has debuted a new and compact 12-count box of K-Cups(r), available in ten different varieties of coffee, including Fair Trade Certified(tm) and organic offerings. The 12-count packaging is specifically designed to fit on supermarket shelves.With the Keurig(r) Single-Cup Brewing System, consumers can choose their favorite variety of coffee, tea or hot cocoa in K-Cup portion packs, brew a single cup at the touch of a button, and enjoy a gourmet cup with no mess or clean-up.”Keurig and Green Mountain Coffee’s entry into the grocery channel is a win-win for both consumers and grocers,” says Larry Blanford, President and CEO of GMCR. “We’ve heard compelling feedback from consumers that they want the option to buy their K-Cups in grocery stores and purchase K-Cups in smaller packages, allowing them to try more varieties. The combination of Keurig(r) Single-Cup Brewers and Green Mountain K-Cups(r) gives consumers an economical way to bring the coffee house experience right into their homes. For grocers, tapping into this hot trend in specialty coffee invigorates their coffee aisle and gives their shoppers a wide variety of fresh, gourmet coffee selections to choose from. With this single-cup offering, our 10- and 12-ounce coffee packages, and our in-store brewing solutions, we have a complete brand proposition for our supermarket customers.”Keurig Single-Cup Brewers and Green Mountain K-Cups are helping to drive the growth of the specialty coffee category in grocery. According to IRI data (InfoScan, Total U.S. Food) for the latest 52 weeks ending October 5, 2008, initial supermarket accounts that carried Green Mountain K-Cups as part of their specialty coffee selection experienced more than twice the growth in dollar sales of the national average for the specialty coffee category. The single-cup category allows grocers to supplement their packaged coffee offerings and participate in “by-the-cup” business traditionally reserved for coffee shops.Keurig brewers and Green Mountain K-Cups are now available at over 17,000 locations, including retailers, department stores, supermarket chains and independent grocers across the country. Green Mountain Coffee’s website features a list of locations at http://www.greenmountaincoffee.com/stores(link is external) where consumers can find Keurig brewers and Green Mountain K-Cups.To support accelerated growth and enhance brand awareness, Keurig and Green Mountain Coffee are investing in a $15+ million marketing effort this holiday season, including Keurig’s first national TV advertising campaign. Other marketing initiatives include co-op advertising, promotion and merchandising support, in-store demos and direct mail programs.About Green Mountain Coffee Roasters, Inc.Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) is recognized as a leader in the specialty coffee industry for its award-winning coffees, innovative brewing technology and socially and environmentally responsible business practices. GMCR manages its operations through two wholly owned business segments: Green Mountain Coffee and Keurig. Its Green Mountain Coffee division sells more than 100 high-quality coffee selections, including Fair Trade Certified(tm) organic coffees, under the Green Mountain Coffee(r) and Newman’s Own(r) Organics brands through its wholesale, direct mail and e-commerce operations (www.GreenMountainCoffee.com(link is external)). Green Mountain Coffee also produces its coffee as well as hot cocoa and tea in K-Cup(r) portion packs for Keurig(r) Single-Cup Brewers. Keurig, Incorporated is a pioneer and leading manufacturer of gourmet single-cup coffee brewing systems for offices, homes and hotel rooms. Keurig markets its patented brewers and K-Cups(r) through office distributors, retail and direct channels (www.Keurig.com(link is external)). K-Cups are produced by a variety of licensed roasters including Green Mountain Coffee. Green Mountain Coffee Roasters, Inc. has been recognized repeatedly by CRO Magazine, Forbes and SustainableBusiness.com as a good corporate citizen and an innovative, high-growth company.
CHICAGO, Dec. 10 /PRNewswire/ — TransUnion.com released today the results of its analysis of trends in the credit card lending industry for the third quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion’s Web site.StatisticsAverage bankcard borrower debt (defined as the total bankcard debt per bankcard borrower) increased nationally 1.57 percent to $5,710 from the previous quarter’s $5,621, and 6.0 percent compared to the third quarter of 2007 ($5,387). The highest state average bankcard debt was in Alaska at $7,827, followed by Nevada at $6,636 and Tennessee at $6,568. The lowest average bankcard debt was found in Iowa ($4,277), followed by North Dakota ($4,403) and West Virginia ($4,517). Bankcard debt is the total balance of bank issued credit cards for an individual consumer.The steepest increases in average bankcard debt over the previous quarter occurred in Wyoming (4.96 percent), Delaware (4.12 percent) and Arizona (3.12 percent). Maine experienced the largest drop in its average credit card debt (-1.4 percent), followed by North Dakota (-1.12 percent) and Alaska (-0.57 percent).Nationally, the ratio of bankcard borrowers delinquent on one or more of their bankcards increased to 1.09 percent in the third quarter of 2008, up 4.8 percent over the previous quarter. However, on a year-over-year basis the national delinquency incidence rate has risen 5.8 percent from 1.03 percent in the third quarter of 2007. Incidence of delinquency was highest in Nevada (1.79 percent), followed closely by Florida (1.45 percent) and Mississippi (1.45 percent). The lowest bank card delinquency incidence rates were found in North Dakota (0.70 percent), Vermont (0.70 percent) and Utah (0.76 percent). On a positive note, four states showed a decline in their quarter-over-quarter delinquency incidence rates. Wyoming’s delinquency rate dropped the most (-9.1 percent), followed by Alaska (-6.7 percent), Nebraska (-4.5 percent), and Maine (-1.1 percent).Analysis”As expected, bankcard delinquency is again on the rise after experiencing two consecutive quarters of decline,” said Ezra Becker, principal consultant in TransUnion’s financial services group. “Although financial institutions have been undertaking proactive measures to mitigate risk in their portfolios, the continued deterioration in the financial and labor markets is having a negative impact on the ability of consumers to repay their debt obligations. Those consumers with high mortgage debt (expensive first- and second mortgages with adjustable rates and /or home equity lines of credit) may opt to utilize whatever cash reserves are available to keep their houses rather than pay off any debt on the credit card obligations.”In addition, the third quarter of 2008 saw a drop in the nation’s disposable income per capita and an increase in unemployment, putting additional burden on the consumer’s ability to repay credit card debt. However, the significant drop in energy prices that accelerated in September may have mitigated the increase in delinquency, as the diminishing demand for crude oil started to show at the local gas pump,” added Becker.ForecastTransUnion’s forecasting models for the national 90-day delinquency rate suggest a possible flattening or minimal increase in the fourth quarter of this year as consumers take stock of the recent bad economic news and curtail their expenditures for the holiday season – at least relative to prior years. However, as economic conditions worsen and consumer confidence continues to deteriorate due to the ongoing economic crises, we see an upward trajectory in the national credit card delinquency rate for 2009 – reaching as high as 1.3 percent or 1.4 percent by year end.As for state projections, Nevada (1.78 percent) is still anticipated to experience the highest average delinquency rate by the end of 2008, while North Dakota and Vermont are expected to show the lowest level of delinquency (0.69 percent).TransUnion’s Trend Data databaseThe source of the underlying data used for this analysis is TransUnion’s Trend Data, a one-of-a-kind database consisting of 27 million anonymous consumer records randomly sampled every quarter from TransUnion’s national consumer credit database. Each record contains more than 200 credit variables that illustrate consumer credit usage and performance. Since 1992, TransUnion has been aggregating this information at the county, Metropolitan Statistical Area (MSA), state and national levels.About TransUnionAs a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 3,600 employees in more than 25 countries on five continents. www.transunion.com(link is external)
The Vermont Department of Banking, Insurance, Securities & Health Care Administration (BISHCA) today announced that Bio-Medical Applications of New Hampshire has withdrawn its application to purchase Fletcher Allen Health Care’s outpatient dialysis clinics. Bio-Medical Applications, a for-profit company, is a wholly-owned subsidiary of Fresenius Medical Care Holdings, Inc., itself a wholly-owned subsidiary of a German corporation.The withdrawal of the application for a Certificate of Need approving the sale follows the release by BISHCA of a proposed Statement of Decision denying approval on the grounds that the sale would result in lower quality services at higher cost without any improvement in access to care. ‘Bio-Medical’s decision to withdraw closes the docket in this matter,’ said Clifford Peterson, BISHCA’s General Counsel. ‘The Department will work with Fletcher Allen to assure continued delivery of high quality outpatient dialysis treatment to Vermonters.’ BISHCA 12.19.2011