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This Week’s Business News and Notes

May 3 – 9, 2007

Chesterbrook Residences is hosting its May “Chesterbrook Chat” for senior citizens and their families Sunday, May 20th, 2007 at 2:30 pm in Falls Church. Tom West of Thomas West Financial Services will be the featured speaker. West is a Chartered Financial Consultant and a Chartered Life Underwriter who focuses on families planning for retirement. He has a particular expertise in planning and asset management for families facing the challenge of a heath-related dependency. His firm, Thomas West Financial Services, is located in McLean, Virginia. Admission is free and open to the public. The event will take place at Temple Rodef Shalom, 2100 Westmoreland Street in Falls Church. Chesterbrook Residences is a non-denominational, non-profit, affordable Assisted Living Residence under construction at 2030 Westmoreland Street in Falls Church, Virginia. A late September/early October opening is expected. Applications are now being accepted.  For more information regarding the May “Chesterbrook Chat” and residential opportunities in Chesterbrook Residences, contact Marketing and Admissions Director Chuck Thornton at 703-356-0655.

 

General Dynamics Information Technology will provide next-generation technical support services as a member of the Verizon Business-led Networx program team that was awarded the General Services Administration (GSA) Networx Universal contract on March 29. One of the largest federal communications contracts in history, the entire Networx program has an estimated potential value of about $20 billion over 10 years to all awardees. The Networx Universal program will provide voice, internet protocol (IP), wireless, satellite and IP-centric services to 135 federal agencies in 191 countries. The Networx program will modernize federal government communications and includes the adoption of the next generation of internet protocol, known as IPv6. More information about General Dynamics Information Technology, a business unit of General Dynamics, is available at www.gdit.com. General Dynamics, headquartered in Falls Church, Va., employs approximately 82,600 people worldwide and had 2006 revenues of $24.1 billion. More information about the company is available online at www.generaldynamics.com.

Indage Group, India’s largest wine manufacturer and restaurant and hotel chain plans to open five Indian restaurants and a headquarters operation in Virginia. Indage will also partner with Richmond restaurateur Jack Mehta to oversee management of his restaurant, India Garden & Grill. A memorandum of understanding between the restaurant owners was signed in Mumbai last night as part of a week-long trade mission organized by the Virginia Economic Development Partnership. Indage Group is a diversified group of companies involved in commercial construction, structural engineering, wines and spirits, restaurants and hotels. It is the largest and oldest wine producer in India, with a 70 percent market share, and operates the largest fine dining restaurant chain in India. Indage has been rated by many financial publications as among the top 500 companies in India. For more information go to www.indagehotels.com

 

The Fairfax Small Business Development Center is hosting a number of seminars through the end of the month to help small businesses operate more effectively. Seminar topics include “Understanding Your Financial Statements”, “QuickBooks Pro for Beginners”, “QuickBooks Pro Advanced”, “TGIF: The Mindset of Great Salespeople”, and “Financing Your Business Successfully: Taking the Mystery Out of Getting a Loan”. Fees, ranging from free to $75.00, vary by seminar. For more information including a schedule of events, visit www.sbdc.com, email [email protected], or call 703-277-7700.

 

Ireland’s Four Provinces is offering a special 1st Communion Brunch from 11:00 am until 2:00 pm on Saturday, May 5, 2007. Ireland’s Four Provinces is located at 105 W. Broad Street. Call 703-534-8999 for reservations.

 

The National Association of Insurance Commissioners has launched a new website to help small business owners better understand key issues and considerations about insurance. Insure U for Small Business addresses issues related to workers compensation, business property and liability, commercial auto, group health and disability, group life and key person life, and home-based businesses. The National Association of Insurance Commissioners is the organization of insurance regulators from the 50 states, the District of Columbia and U.S. territories. Fore more information or to take the small business insurance quiz, visit http://www.insureuonline.org/smallbusiness.

 

The National Building Museum is hosting Smart Growth Seminar, ”Bright Lights, Small Cities: Successful Large-Scale Revitalization in Small Communities from 12:30 – 1:30 on Wednesday, May 23, 2007. Bill Niquette, project developer for the City of Winooski, Vermont’s $250 million downtown revitalization effort, will discuss how a mill town of 6,800 forged a public-private partnership to create 1.5 million square feet of pedestrian-scaled, mixed-use development in the heart of its downtown, and how the key elements of their success can be widely applied in other smart growth revitalization efforts in communities of all sizes. No charge; registration not required. For full program details, visit www.nbm.org.

 

     

Julie Pangelinan has been named acting chief financial officer of McLean-based Sunrise Senior Living. Pangelinan, who has served as the company’s chief accounting officer for the last year, was named to this position following the paid suspension of Bradley Rush. Rush was suspended by the Board following a briefing to the independent directors by independent legal counsel retained by the special independent committee of the Board. As previously disclosed, the special independent committee is reviewing recent insider sales of the Company’s stock, the Company’s historical practices related to stock option grants and the facts and circumstances relating to the historical accounting treatment of certain categories of transactions in the previously announced pending restatement of the Company’s financial statements. The Board concluded that actions taken by Mr. Rush were not consistent with the document retention directives issued by the Company. Sunrise operates more than 440 communities around the world with 12 locations in Northern Virginia. To learn more, visit http://www.sunriseseniorliving.com.