This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

or e-mail it to ForTheRecord@va-business.com, or fax it to (804) 649-6311.

Mergers & Acquisitions
General Dynamics, a multinational provider of services in aviation, information systems, shipbuilding and combat systems based in Falls Church, announced it will acquire Newport News Shipbuilding, a Newport News firm which designs and builds aircraft carriers and submarines for the U.S. Navy. The value of the deal is estimated at $2.6 billion, including assumption of $500 million in debt from Newport News Shipbuilding. (PR Newswire, 04/25/01)

AES Corp., an Arlington-based global energy-generation and -distribution company, has won a bid for approximately $45.9 million to purchase a 75 percent controlling interest in Kievoblenergo, the distribution company that serves the region that surrounds Kiev, the capital city of the Ukraine. (Press release, 04/17/01)

Simplexity, a Herndon-based developer of an online system to match consumers and small businesses with telecommunications services, has acquired Sundial Marketplace, a wholly owned subsidiary of online energy and communications marketplace Essential. The acquisition completes Simplexity's e-commerce platform for telecommunications services. (VentureWire, 04/12/01)

The Harris Agency, a Manassas-based insurance agency, has been acquired by Florida-based Brown & Brown Inc. (PRNewswire, 04/09/01)

Elite Hotels, LLC, headquartered in Annandale, has purchased Prime Hospitality Corp.'s Wellesley Inn in Fairfax. The 82-room hotel will continue to operate as a Wellesley Inn under a 20-year franchise agreement. (PRNewswire, 04/09/01)

Technet Computer Services Inc., based in Tysons Corner, and Networkland Inc., based in Arlington, have been acquired in a stock transaction by CBQ Inc., an e-business infrastructure company. Technet is a software programming and development company; Networkland provides technology and network integration services. (The Washington Post, 04/05/01)

Compass Technology Management, an e-business systems integrator and application provider based in Chesapeake, has completed a deal to acquire Computer Solution Company, a provider of computer-related services based in Midlothian. (VentureWire, 04/05/01)

SWVA Bancshares Inc., a Roanoke-based bank-holding company with five branches, has received shareholder approval to merge with Christiansburg-based FNB Corp., the holding company of First National Bank. FNB will have assets of $700 million after the May 1 merger. (The Roanoke Times, 04/05/01)

Performance Food Group, a Richmond food and food-related group marketer and distributor, announced that it has completed the acquisition of all the common stock of privately-owned Empire Seafood Holding Corp., a Miami-based distributor of seafood. The total consideration paid in the deal was approximately $75 million. (Business Wire 04/04/01)

Overman Associates, a Virginia Beach-based engineering firm, has been acquired by Finkbeiner, Pettis & Strout Inc., a regional engineering firm with offices throughout the Southeast and Midwest. The firm will continue to operate with its existing staff and location, under the FPS name. (Press release, 04/03/01)

Kaufman & Canoles P.C., a Norfolk law firm, has purchased the Chesapeake firm Robert D. Jones & Associates P.L.C. The acquisition adds three attorneys and three to four support staff, bringing Kaufman & Canoles' staff to 96 lawyers, 163 support staff and six offices in Norfolk, Virginia Beach, Chesapeake, Newport News, Hampton and Williamsburg. (The Virginian-Pilot 04/03/01)

BTG Inc., a Fairfax based solutions provider for information technology, will acquire Research Planning Inc., a professional services company in Falls Church. BTG will pay $9 million in cash to acquire 100 percent of RPI's outstanding shares. (Business Wire 04/02/01)

Hilb, Rogal and Hamilton Co. of Richmond announced that it has acquired the stock of B. Perkins & Company Inc., an insurance agency in Hartford, Connecticut. (Press release 04/02/01)

Metrocall Inc. of Alexandria, a national wireless message firm, is merging with Dallas-based Weblink Wireless Inc. The new company will be named Weblink Wireless with corporate headquarters in Alexandria. The company will have more than eight million subscribers and coverage of more than 90 percent of the North American market. (The Washington Post 04/02/01)

Vastera, the leading provider of solutions for Global Trade Management has closed on its acquisition of Speedchain, a United Kingdom-based supply chain event management (SCEM) and global e-logistics solutions provider. Dulles-based Vastera acquired all of the outstanding capitol stock of Speedchain in exchange for shares of Vastera common stock. (Business Wire, 04/02/01)

Dominion of Richmond announced the completion of its purchase of Millstone Power Station, located in Millstone, Conn., from Northeast Utilities for $1.28 billion. Millstone Power Station includes two operating nuclear reactors. (Press release 03/31/01)

Williams, Mullen, Clark and Dobbins, a Richmond law firm, is merging with Wise & Marsac, a business and litigation law firm based in Michigan, formalizing a three-year affiliation between the two firms. Williams Mullen adds three offices to the firm, bringing its total to 10 and its number of attorneys to 230. (Press release 03/29/01)

ComScore Networks, a Reston firm that monitors Internet use, has acquired access to the client base and other assets of PC Data Online, which closed this week. ComScore will offer PC Data's 300 former clients use of a similar service that measures the online activities of U.S. consumers. (The Washington Post 03/29/01)

Virginia Gas Co., a natural gas producer and distributor based in Abingdon, has been acquired by NUI Corp. of Bedminister, N.J., in a transaction valued at $22 million. (Business Wire, 03/28/01)

Dominion Virginia Power, a subsidiary of Dominion, has acquired three power project entities from the Westmoreland Coal Company of Colorado Springs, Colo. for $25 million. The projects include three 70-megawatt stoker-coal cogeneration power projects located in Altavista, Hopewell and Southampton. (PR Newswire 03/26/01)

XMLSolutions Corp., a McLean-based provider of business-to-business online exchange services, has entered into a definitive agreement for its acquisition by Vitria, a Sunnyvale, Calif.-based integration-services provider for $15 million in cash, debt payoff and liabilities. Layoffs are expected at XMLSolutions as a result of the deal. (The Washington Post, 03/26/01)

C-Cubed Corp., a Springfield-based mid-market provider of professional engineering, network management and integration services, has acquired Arlington-based Systems Integration & Research Inc. The new subsidiary to C-Cubed is a professional services contractor, which provides financial, logistic and program-management services to government agencies. (Press release, 03/22/01)

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New Plants and Companies
SingleSignOn.Net, a Reston-based network security company, officially launched operation of the company at the RSA Conference 2001 in San Francisco. Using exclusively licensed patents from Verizon Communications, SingleSignOn.Net delivers secure, sign-on password solutions to consumers and businesses. (Press release, 04/09/01)

Tenaska Inc. has applied for a special-use permit to build a 900-megawatt natural gas-burning plant near Bremo Bluff in Buckingham County. The facility is planned to occupy a 670-acre site on the south side of the James River. The plant would employ between 25 and 30 workers, and represents a potential $300 million investment. (The Daily Progress 04/04/01)

Carlisle Motion Control, a Charlottesville-based manufacturer of products serving construction and general industry markets, plans to open a new $15 million friction material manufacturing facility in the town of South Hill. The facility, scheduled to open in late 2001, will employ 110 people. (Press release 03/23/01)

Harris-Tarkett Inc., a Johnson City, Tenn.-hardwood-flooring manufacturer, will purchase and operate the former Burruss facility in Brookneal. The company plans to invest $3.5 million in the facility for manufacturing unfinished hardwood flooring. The company will also hire 100 new employees over the next 18 months. (Press release 03/29/01)

Petals Inc., a major manufacturer of artificial flowers, will locate in Suffolk. The company is investing $2.1 million into the project and will hire 250 new employees. (Press release 03/30/01)

Communications, Cabling and Networking Inc., a provider of structured cabling systems, has leased 3,500 square feet at the Wellington Business Center in Prince William County. The Wisconsin-based company, will have 15 employees at this location and expects the project to have an estimated investment of $500,000. (Press release 04/02/01)

Zim Israel Navigation Co. Ltd., the world's ninth-largest shipping company, will be moving to Norfolk from New York. They plan to build a new $6.2 million building in the Lake Wright Executive Center. The new building is set to open by Sept. 4 and will eventually employ 235 people. (The Virginian-Pilot 04/02/01)

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Deals
APACHE Medical Systems Inc., a McLean-based provider of data management and medical-coding applications, has signed an agreement with Cerner Corp. for the sale of substantially all of its assets and the assumption of certain liabilities relating to APACHE's clinical outcomes business. APACHE will receive approximately $3.6 million from the sale and intends to further pursue a strategy of developing one of the industry's leading technical infrastructures and clinical applications including medical coding. (Press release, 04/12/01)

Dominion, a Richmond-based energy producer, has joined CME North American Merchant Energy, a Boston-based energy-development company, as a partner in the proposed development of an electric-generation facility near Dundee, Minn. The 800 megawatt natural gas-fired project is valued at $300 million. (Press release, 04/12/01)

Entigo Corp., a Vienna-based provider of e-commerce platforms, has licensed its Entigo Order and Entigo Reality Builder software to Ford Motor Company. The software will provide Ford's domestic-based automotive after-market dealers with the ability to order products and track order status via the Web in real time, 24 hours a day. (Business Wire, 04/10/01)

Huntsinger & Jeffer List Services, a Richmond-based division of direct-marketing firm Huntsinger & Jeffer, has partnered with Charlottesville-based MarketMiner of offer more comprehensive list analysis services to its clients by analyzing who-is vs. who-isn't responding to clients' direct marketing campaigns. (Press release, 04/09/01)

The King Agency, a Richmond-based advertising agency, has been selected as the agency of record for Ultrabronz Inc., a manufacturer of high- and medium-pressure tanning beds in the United Kingdom. (Press release, 04/09/01)

American Management Systems, a Fairfax-based information technology consulting firm, has formed a strategic alliance with San Francisco-based Epicentric Inc., an Internet portal platform provider. AMS has adopted Epicentric's E-Business Network Solutions to offer its federal clients an Internet-based enterprise portal that will allow agencies to unify complex IT environments and disparate applications. (PR Newswire, 04/03/01)

KPMG Consulting Inc., a McLean-based business- and technology- consulting firm, has been selected by Union Bank of California to provide a retail-banking, sales-platform software application to increase sales and enhance customer service in its 250 branches. Headquartered in San Francisco, Union Bank is the second largest bank in California. (PR Newswire, 03/26/01)

Mesia.com, a Reston-based provider of online relationship-management software, has licensed its CampaignManager software to Internet companies AWS, Inc. of Gaithersburg, Md. and McLean-based iGov.com for use in e-mail marketing campaigns. (Business Wire, 03/26/01)

Emergence, Inc., a business-consulting firm based in Richmond, has been retained by Network Management Company, a Richmond-based technology firm specializing in monitoring and management of network systems, to help refine the company's strategic focus and prepare for national rollout of its services. (Press release, 03/28/01)

Certia, Inc., a Herndon-based provider of security and control solutions for online transactions, has allied with lexisOne of the Lexis-Nexis Group to offer lexisOne customers secure-online delivery of confidential information in e-business transactions. (Business Wire, 03/28/01)

Pathnet Telecommunications Inc., a Reston-based wholesale telecommunications provider, is filing for Chapter 11 bankruptcy protection. The company is evaluating its strategic options and pursuing discussions with potential purchasers for all or part of its ongoing business. (The Washington Post 04/02/01)

MicroStrategy Inc. ended a legal battle with shareholders who had accused the firm of fraud when U.S. District Court Judge T.S. Ellis approved a class action settlement that awards investors an I.O.U. due in five years, but with no cash up front. In addition to the I.O.U., the settlement awards shareholders interest payments on the note, $16.5 million in MicroStrategy stock, and warrants giving them the right to purchase 1.9 million MicroStrategy shares at a price of $40 per share. The class action suit is still pending against MicroStrategy’s audit firm, PricewaterhouseCoopers. (The Washington Post 04/02/01)

The King Agency Inc., a Richmond advertising and design firm, has been selected by Avalon Beverage Company of Glen Allen to provide creative advertising and design services. The agency is responsible for the creative and media strategy, creative development and media placement for "The Avalon H2O Zone" summer promotion as well as brand-related advertising. (Press release 04/02/01)

Lockheed Martin Secure Enterprise Solutions of Manassas has formed a strategic alliance with Alexandria-based Riptech Inc. This arrangement will allow its customers a seamless offering that combines Riptech's around-the-clock managed security services with Lockheed Martin's broad engineering and consulting expertise. (Press release 04/02/01)

Xybernaut Corp., a Fairfax-based wireless communications company, and Firestone Building Products company, a division of Bridgestone/ Firestone, Inc. announced that they have settled all pending legal actions between the two companies and resolved past miscommunications related to the performance of Xybernaut's Mobile Assistant IV mobile wearable computer. (Press release 04/04/01)

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Universal Companies Inc., a Bristol-based products provider to the day-spa industry, will expand and combine its corporate office and distribution facility in the Westinghouse Industrial Park in Washington County. Virginia successfully competed with Tennessee to garner the $3-million expansion by Universal, which will hire 74 new employees and retain 30 existing employees. (Press release, 04/12/01)

Norfolk City Council set aside $2 million to extend the Nauticus pier and install mooring dolphins off the Armed Forces Memorial at Town Point Park to accommodate the largest cruise ships in service. This year 32 cruise ships are scheduled to call at Nauticus. (The Virginian Pilot, 04/11/01)

Creative Technology Inc., an information-technology-consulting firm headquartered in Herndon, will invest $1 million to expand its operations in Fairfax County resulting in 108 new employees. (Press release, 04/06/01)

The Founders Inn, a AAA Four-Diamond hotel located in Virginia Beach, broke ground on a new half-million dollar expansion to its conference center scheduled to open July 1. The 4,000 square-foot expansion will add two meeting rooms, each holding up to 65 people, and a continuous breakfast kiosk. (Press release, 04/05/01)

Friedman, Billings, Ramsey Group, Inc., an Arlington-based brokerage and investment-banking holding company, has opened a new office in Cleveland. Led by Charles Crowley, the Cleveland office brings FBR's total number of offices to 14 in the U.S. and Europe. (PR Newswire, 04/03/01)

AirTran Airways will add a fifth daily round trip flight linking Newport News/ Williamsburg International Airport and Hartsfield Atlanta International Airport beginning May 18. (Press release 03/30/01)

Metro Machine of Norfolk will open a new ship-painting subsidiary, SPEEDE Shipyard LLC, in September 2002. The $60.9 million expansion will create up to 185 jobs. (The Virginian-Pilot 03/30/01)

ERNI Components Inc. U.S.A., a Switzerland-based manufacturer of interconnecting products, has purchased about 11.8 acres in River's Bend to add to its U.S. headquarters in Chesterfield County. The $98.4 million expansion will create 500 new jobs. (The Richmond Times Dispatch 04/03/01)

dB Dynamics, Inc., a provider of dynamic systems integration and software application development systems, has moved into a new 10,000 square foot facility in Battlefield Business Park in Prince William County. The current staff of 15 will be doubled over the next year by this $800,000 expansion. (Press release 04/03/01)

Executive Promotions
Francis X. Dirksmeier, president of the Medical Group, McKessonHBOC, a supply management and health care information technology company based in Richmond. (Business Wire, 04/17/01)

Gerry A. Simone, senior vice president and chief communications officer, Herndon-based Net2000 Communications Inc., a provider of broadband telecommunications services. (PRNewswire, 04/17/01)

Seinosuke Sato, CEO and board member, Marketswitch Japan KK, a standalone company of Dulles-based Marketswitch, a provider of marketing optimization software. (VentureWire, 04/11/01)

Carl N. Grant III, vice president of business development, Reston-based cyberCFO, an outsourced financial services provider for emerging-growth technology companies. (PRNewswire, 04/11/01)

Sheila Fisher, executive vice president of business development, CyberRep.coM, a McLean-based outsourced customer-relationship-management company. (PRNewswire, 04/10/01)

Denise Derbyshire, senior vice president of business development and marketing, Fairfax office of Knowledge Workers Inc., a Colorado-based human-capital-solutions firm. (Business Wire, 04/10/01)

Jim Mooney, executive vice president and COO, Nextel Communications Inc., a Reston-based provider of digital wireless communication services. (Press release, 04/10/01)

Lynn Ross, president and CEO, Education One Group Inc., an affiliate of Reston-based Sallie Mae dedicated to serving Bank One, its $2 billion per year education-loan lender. (PRNewswire, 04/09/01)

Ken Pelissero, CFO, Compass Technology Management, a Chesapeake-based information-technology provider. (Business Wire, 04/09/01)

Brian Methvin, president and CEO, Digital Creations, a Fredericksburg-based provider of open source Web applications for content management. (Press release, 04/06/01)

Peter Savas, president and CEO, Discovery Therapeutics, a Richmond-based developer of therapeutic products. (Press release, 04/06/01)

Peter Browne, vice president for global integrity information security, Predictive Systems of Reston, a network infrastructure consulting firm. (Press release, 04/06/01)

Stephen M. Connor, senior vice president of The National 1031 Exchange Company and LandAmerica Exchange Company, Richmond-based LandAmerica Financial Group Inc., a provider of title insurance and other real-estate services. (Press release, 04/05/01)

Jeffrey Scheffer, president and COO; Douglas I. Payne, executive vice president of finance and administration, Stanley Furniture Company Inc., a furniture manufacturer based in Stanleytown. (Press release, 04/05/01)

Denise Newton, vice president of finance, TFC Enterprises Inc., a holding company for consumer-finance operations headquartered in Norfolk. (Press release, 04/05/01)

Patrick C. Condo, CEO in addition to current positions as president and COO, Convera Corp., a Vienna-based provider of management innovations for digital content. (Press release, 04/05/01)

Scott M. Tabakin, senior vice president and CFO, AMERIGROUP Corp., a Virginia Beach-based provider of health-care coverage. (Press release, 04/05/01)

Pamoja B. Pagnotta, vice president and underwriting counsel for the Atlanta National Commercial Services office, LandAmerica Financial Group Inc., a Richmond-based provider of title insurance and other real-estate services. (Press release, 04/04/01)

Paul Vaughn, president of Site Management Division, TradeWinds Communications, a Roanoke-based telecommunications company. (Press release, 04/04/01)

George W. Tonn, president, Avenue Technologies Inc. a subsidiary of Hadron Inc., an Alexandria-based developer of intelligence and bio-defense solutions. (PR Newswire, 04/04/01)

David Williams, vice president of technical operations, Blacksburg-based CropTech Corp., a biotechnology company. (Press release, 04/03/01)

Carmine Taglialatela Jr., president and COO, ePhone Telecom Inc., a global Internet telephony services company based in Herndon. (Business Wire, 04/03/01)

Scott Hoyt, marketing vice president, Software AG Inc., a Reston-based wholly owned subsidiary of Software AG, a system-software provider headquartered in Damstadt, Germany. (Business Wire, 04/05/01)

Randy Michael, vice president of sales, Vienna-based Mindbank Consulting Group, a high-tech flexible-staffing provider. (Press release, 03/29/01)

Lamont W. Curtis, COO, The TAF Group, a Virginia Beach-based, full-service engineering and construction firm. (Press release, 03/22/01)

Paul Parent, senior vice president of operations, WorldStor, a Fairfax-based provider of data storage management solutions. (Business Wire, 03/26/01)

Duane C. Radtke, president, CEO, Dominion Exploration & Production; also named executive vice president of Dominion E&P’s parent company, Dominion, a Richmond-based energy producer. (Business Wire, 03/26/01)

Frank A. Chebalo, president and general manager, WTKR-TV, Norfolk. (Business Wire, 03/26/01)

Thomas W. Winfree, CEO; Dawn Z. Bradley, president, Southern Community Bank & Trust, headquartered in Midlothian. (Press release, 03/26/01)

Charles G. Marterella, vice president of e-commerce practices, Integic Corp., a provider of e-business solutions headquartered in Chantilly. (PR Newswire, 03/27/01)

Ann Trampas, vice president of partner marketing, Teleglobe, a Reston-based provider of global communications and e-business services. (Business Wire, 03/27/01)

Michael Burnett, chief technology officer, Blueprint Technologies Inc., a provider of business software solutions headquartered in Falls Church. (Press release, 03/27/01)

Robert C. Larson, chairman; Mark Wallis, senior executive vice president; Christopher Genry, CFO; Ella Neyland, treasurer; Martha Carlin, senior vice president; United Dominion Realty Trust, a Richmond-based real estate investment trust. (Press release, 03/27/01)

J. Randy Bockrath, vice president, consulting services, Dante Consulting, an Arlington-based technology company. (Business Wire, 03/27/01)

John Mason Lee Antrim, president, CEO, The Tredegar Trust Co., a wholly-owned subsidiary of Independent Community Bankshares. (Press release, 03/27/01)

Scott Schedler, CFO, The Motley Fool, a multimedia personal finance company based in Alexandria. (Business Wire, 03/29/01)

Doug Chittum, director of economic development, Roanoke County. (The Roanoke Times, 03/29/01)

Cynthia Brent, vice president of worldwide sales, eMotion Inc., a digital media management firm headquartered in Vienna. (PR Newswire, 03/29/01)

Andrew Bast, COO, Verestar, a Fairfax-based provider of satellite and fiber network services. (Business Wire, 03/29/01)

Socrates Verses, CEO, Realeum, an Alexandria-based provider of property management software for the apartment rental industry. (VentureWire, 03/30/01)

Michael Dumer, vice president of customer service, Ocular Networks Inc., a Reston-based provider of high-density voice and data services. (Business Wire, 04/02/01)

Steve Bennetts, CFO; Sheri J. Kosh, vice president of worldwide marketing, Categoric Software, a technology company headquartered in Sterling and Leatherhead, United Kingdom. (Business Wire, 04/02/01)

Michael E. Mead, president of Systems Integration & Research Inc., a newly acquired subsidiary of Springfield-based C-Cubed Corp., an information-technology services firm. (Press release, 03/22/01)

Eric K. Moe, general counsel and vice president of contracts, C-Cubed Corp. (Press release, 03/22/01)

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Real Estate
Divaris Real Estate Inc., headquartered in Virginia Beach, has signed a lease with Atlanta law firm Troutman Sanders LLP for 31,400 square feet on two floors of the Tower Building in the Town Center of Virginia Beach. Troutman Sanders recently entered Virginia by merging with Richmond-based law firm Mays and Valentine. The firm’s offices in Norfolk and Virginia Beach will be merged at the Town Center. (Press release, 04/12/01)

Grubb & Ellis Company, a national commercial real-estate firm with offices in Virginia, has leased 13,520 square feet of office space at Lansdowne Medical Office Pavilion in Lansdowne. to Kaiser Foundation Health Plan. (Press release, 04/12/01)

Norfolk City Council approved spending of $1.3 million for land acquisition in the redevelopment of East Ocean View. The land acquisition is part of an effort to turn the seven-mile stretch along the Chesapeake Bay into new, single-family homes and businesses. (The Virginian-Pilot, 04/11/01)

Martha Jefferson Hospital, located in Charlottesville, has received approval by its board of directors to purchase 84 acres near Pantops Mountain as the site for its new outpatient-services facility. Construction of the 80,000-square-foot center is expected to begin in 18 months. (The Daily Progress, 04/11/01)

Divaris Real Estate Inc., headquartered in Virginia Beach, has signed a lease with law firm Williams Mullen Clark & Dobbins for two floors and 45,600 square feet of space in The Town Center of Virginia Beach. (Press release, 04/09/01)

Two Freedom Square, the 16-story urban office tower under joint development in Reston by Terrabrook and Boston properties, has acquired three law firms as tenants: Wilson, Sonsini, Goodrich & Rosati; Finnegan Henderson Farabow Garrett & Dunner LLP; and Latham & Watkins. The three firms will occupy 233,951 square feet. (Press release, 04/06/01)

Divaris Real Estate Inc., based in Virginia Beach, has signed a lease with law firm Pender & Coward for three floors and nearly 31,000 square feet in the North Wing Building of The Town Center of Virginia Beach. (Press release, 04/05/01)

Divaris Real Estate Inc., based in Virginia Beach, has leased 22,000 square feet of retail space in Hampton's Coliseum Corner to Rugged Wearhouse Inc. (Press release, 04/04/01)

Divaris Real Estate Inc., based in Virginia Beach, has leased 22,800 square feet in The Town Center of Virginia Beach to the Virginia Beach Development Authority. (Press release, 04/02/01)

IDI Multimedia, a multimedia software development and communications company based in Prince William County, has leased 2,334 square feet at Linden Lake Plaza. The company currently has eight employees and plans to hire seven more. (Press release, 03/30/01)

The Orr Company of Vienna announced that DPR Construction, a California-based construction firm and Canadian Imperial Bank of Commerce, a Toronto-based, full-service financial institution, have collectively leased over 33,000 square feet of office space in 2941 Fairview Park Drive -- a landmark building currently under construction in Falls Church. The 15-story, 360,000 square foot facility was scheduled for completion in April 2001. (PR Newswire 03/27/01)

Owens & Minor Inc., a medical and surgical supplies distributor, bought 25 acres in the Atlee Station office park at U.S. 301 and Interstate 295 for $3.275 million. They plan to eventually use the land for their corporate headquarters. (Richmond Times-Dispatch 03/28/01)

Berman Kappler Properties, a Tyson's Corner, Virginia-based investment and asset management firm, has acquired Richmond's 175,000 square foot Colonial Square Shopping Center. (Press release 03/29/01)

Morton G. Thalhimer, Inc. ONCOR International, a Richmond-based commercial real estate firm, have been awarded exclusive leasing representation for a 781,311 square-foot portfolio of seven shopping centers in Richmond and Central Virginia. Thalhimer will represent the following shopping centers: Hanover Square Shopping Center, Victorian Square Shopping Center, New Market Square Shopping Center, Colonial Heights Shopping Center, Annie Land Plaza, Factory Merchants Mall and Fredericksburg Shopping Center. (Press release, March 2001)

Stocks
Tovaris, a Charlottesville-based provider of e-mail and document security applications, has raised $1.4 million in its Series A led by private investor Samuel Patterson and included other participants. (VentureWire, 04/12/01)

CEL-SCI Corp., a Vienna-based developer of products for the treatment of cancer and infectious diseases, has entered an agreement to receive up to $10 million in equity financing from a private investment fund. Under the two-year agreement, CEL-SCI will have the right to obtain the equity funding by issuing common stock in a series of sales to the investor at a market discount. CEL-SCI plans to use the proceeds for research and development, product manufacturing, working capital and other general purposes. (PRNewswire, 04/12/01)

CustomerLinx Corp., an electronic CRM company based in Alexandria, has received $6 million in its Series C from Five Paces Ventures and S.A.C. Capital Associates bringing its total funding to $35 million to date. The company plans to use the funding for expansion within the outsourced customer-care center. (VentureWire, 04/11/01)

ReturnBuy, an Ashburn-based reseller of like-new electronics, toys and sporting goods, has completed a $15-million second round of funding led by Draper Fisher Jurvetson ePlanet Ventures with participation from Abacus, eBay, Reicon and Michael Boyd. The financing will be used as working capital and to support company growth. (VentureWire, 04/10/01)

TruSecure, a security risk management provider headquartered in Reston, has received $22 million in mezzanine funding led by J.&W. Seligman & Co. Also participating are J.P. Morgan Partners, Weston Presidio Capital, Greylock, North Atlantic Capital, Rustic Canyon Group, SI Venture Associates, and WaldenVC. TruSecure has raised $40 million to date, and intends to use the funds for possible new product development and expansion throughout the U.S. and abroad. (VentureWire, 04/09/01)

High Branch, an Annandale-based provider of sell-side e-commerce software, has received additional funding of $1.5 million to cap its Series A at $5.7 million. The round was led by Edison Ventures with Steve Walker & Associates and Maryland Angel Council participating. (VentureWire, 04/05/01)

Net2000 Communications, Inc., a Herndon-based provider of broadband telecommunications services, has received definitive agreements for a $65 million private placement of convertible-preferred stock and a firm commitment for a $125 million increase in an existing senior secured-credit facility. Funding will be used for operations and general corporate purposes, allowing for positive cash flow through 2003 under the company's business plan. Participating investors include Boston Ventures, BancBoston Capital, The Carlyle Group, PNC Equity and Nortel Networks. (Business Wire, 03/29/01)

Precision Auto Care, Inc., a Leesburg-based franchiser of auto-care centers, has been notified by Nasdaq of the stock exchange's intent to delist the company because its common stock has failed to maintain a minimum bid price of $1.00 over the required timeframe. (PR Newswire, 03/26/01)

C&F Financial Corp., the West Point-based holding company for Citizens and Farmers Bank, has been authorized by the company's board of directors to continue to buy up to 10 percent of its common stock over the next 12 months. (Business Wire, 03/26/01)

Viztec Inc., a McLean-based technology company, has received $2.5 million from a Swiss venture-capital firm to fund further product development of its plastic-based liquid crystal display technology. (The Washington Post, 03/26/01)

iSeg Technologies announced that SOFTBANK Europe Ventures and STI Ventures closed a $7 million round of financing to fund the commercial launch of the McLean –based company's strategic customer insight management software across Europe and North America. (Press release 03/27/01)

Nx Networks, a Herndon-based provider of Internet Telephony solutions, closed two rounds of investments totaling more than $3.5 million. The first round of $1.675 million reflects a significant investment from insiders. The second round of $2.0 million was funded entirely by an institutional investor. (PR Newswire, 03/30/01)

DiamondBack Vision, which develops video encoding technology, has secured an additional $1 million in its series B round of funding from Mitsubishi International, Mitsubishi Reston and Mitsubishi Capital, bringing the total in the round to $8.5 million so far. Riggs Capital Partners, the investment arm of Riggs Bank, also invested an undisclosed amount in the round. DiamondBack will use the funding to continue to expand its sales and marketing force. This investment marks Mitsubishi's first technology investment in the Northern Virginia area since establishing an office there. (VentureWire 04/04/01)

Divestitures
PSINet Inc., an Ashburn-based provider of retail and wholesale Internet services, announced that its wholly owned subsidiary, Metamor Holdings (France), has completed the sale of its entire ownership interest in Decan Groupe to Getronics International BV. Net cash proceeds to Metamor were about Euro 38.6 million with an additional Euro 5 million placed in escrow for a year. (Business Wire, 04/05/01)

PSINet Inc., a provider of e-commerce data communications located in Ashburn, announced that it completed the sale of PSINet Transaction Solutions (PTS) to an investment group led by GTCR Golder Rauner LLC. Net cash proceeds to PSINet were approximately $277 million. (Press release 04/04/01)

Trigon Healthcare Inc., Virginia's largest managed health care company, has sold its subsidiary Trigon Administrators Inc., which provides workers compensation, liability and short-term disability services to CompManagement Inc. (CMI) of Dublin, Ohio. (Business Wire, 04/02/01)

Computer Learning Center's last assets have been approved for sale by the U.S. bankruptcy Court in Alexandria. The sale price of $20 million could mean reimbursement for students whose classes were abruptly canceled after Manassas-based Computer Learning collapsed in January. (The Washington Post 03/29/01)

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Contracts
PEC Solutions Inc., a high-technology professional-services firm headquartered in Fairfax, executed two task orders as a team member of the EDS-led Navy Marine Corps Intranet (NMCI) project. With the orders valued at more than $100 million over eight years, PEC will support EDS' NMCI Network Operations Centers in San Diego and Norfolk. PEC previously announced a five-year NMCI subcontract with initial tasks valued at $18 million for supporting infrastructure transition as well as business and engineering activities for 2001. (Business Wire, 04/05/01)

Blueridge General Inc., a Norfolk-based general contractor, has been awarded a $3.4-million construction contract for a four-story addition to the Test and Evaluation Facility at the Navy's Surface Combat Systems Center at Wallops Island. (Press release, 04/04/01)

Chianelli Building Corp., a Norfolk-based general contractor, has been awarded a $4.8-million construction contract for an operations support facility at Dam Neck in Virginia Beach. (Press release, 04/04/01)

SRA International Inc., a Fairfax-based information technology firm, has been awarded by the U.S. Army CECOM Acquisition Center with a contract to provide information technology services at installations worldwide. The contract has an estimated value of $7.6 million over two years. (Press release 04/02/01)

General Dynamics Ordnance and Tactical Systems of Falls Church (a business unit of General Dynamics) has been awarded by the U.S. Army Operations Support Command two contract add-ons for production of medium-caliber cartridges for training and operations. The contracts are valued at $15,835,540 and $9,533,837. (PR Newswire 03/30/01)

GTSI Corp., a Chantilly-based business-to-government marketer of information technology solutions has received a "Notice to Proceed" on the MMAD-1 (Maxi-Minis and Databases) contract from the U.S. Army Communications and Electronic Command (CECOM). The contract will deliver leading-edge Compaq Alpha UNIX workstations and servers, Cisco and 3Com networking products and a wide range of technical services delivered by GTSI and subcontractors. MMAD-1 is an indefinite delivery/indefinite quantity (IDIQ) contract with a two-year base period with three one-year options for a total of five years. GTSI's award value was $857 million. (Press release 03/30/01)

Beers/Heyward & Lee and Lee and Davis Brothers, two Richmond-based construction companies, have been awarded a joint $15.8 million contract by the Capital Region Airport Commission to add new boarding gates at Richmond International Airport. (The Richmond Times-Dispatch, 03/28/01)

Omega Consulting, an Alexandria-based provider of telecommunications and Internet services, has been awarded a $300-million contract by the General Services Administration Federal Technology Service to provide high-speed DSL1 services to hundreds of government installations. The five-year, multiple-award, indefinite-delivery and indefinite-quantity contract will support all 11 regions of the GSA, federal agencies and the Department of Defense. (Business Wire, 03/28/01)

Integic, a software company based in Chantilly, has been named to participate in a $70-million-team contract to maintain an electronic health-care system for the Department of Defense. Working with Science Applications International of San Diego, Integic will earn about $5 million from the contract. (The Washington Post, 03/26/01)

Dewberry & Davis LLC, a Fairfax-based general contractor, URS Group Inc., and Scientific Services Inc. have been awarded the contract for Partnership-for-Response-and-Recovery Inspections by the Federal Emergency Management Agency. Under the joint-venture contract, the companies will manage and perform housing inspections in support of FEMA's nationwide Disaster Housing Program. (Business Wire, 03/26/01)

International Launch Services, a McLean-based provider of launch-vehicle systems and services, has been selected to launch the latest in a line of mobile-communications satellites for the U.S. Navy. ILS is a joint venture of Lockheed Martin Commercial Launch Services and Lockheed Khrunichev Energia International, to provide worldwide launch services using American Atlas and Russian Proton rockets. (Business Wire, 03/26/01)

C-Cubed Corp., a Springfield-based provider of information-technology services to government and industry, has been awarded a $53-million contract by the Naval Air Warfare Center Aircraft Division at St. Inigoes, Md. Under the multi-year contract, C-Cubed will provide engineering and technical services for mobile/deployable communications and command and control systems. (Press release, 03/22/01)

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Lightningcast, an Alexandria-based technology developer for streaming media advertising services, has shut down two small sales offices in Dallas and Atlanta which were not performing to company expectations. Only three employees were affected by the closings. (VentureWire 04/04/01)

Barber Martin & Associates of Richmond laid off 17 of its 75 full-time employees due to uncertainty about Heilig-Meyers’ advertising plans. Barber Martin's largest client , Heilig-Meyers filed for bankruptcy protection in August and said its advertising plans were on hold after April 6. (The Richmond Times Dispatch 04/04/01)

Cadmus Communications Corp. is laying off about 110 employees in Richmond, citing the slow economy which has adversely affected the advertising industry. The job cuts take effect 60 days from the notice. (The Richmond Times-Dispatch 04/04/01)

MicroStrategy Inc. announced that it will lay off a third of its work force, about 600 employees. Half of the cuts which will come by the end of June will come in the company's three Northern Virginia offices with the rest in eight European offices. (The Washington Post 04/04/01)

Cysive Inc., a software solutions provider headquartered in Reston, announced it will eliminate 90-95 positions. (Press release 03/30/01)

Volvo will eliminated 300 employees on April 30 at the Volvo Trucks North America plant outside Dublin. The facility's peak employment was 3,225 in late 1999; it drops to 1,400 after the job reductions take effect. A decline in the trucking industry was cited for the layoffs. (The Roanoke Times 03/29/01)

United Dominion Realty Trust, a Richmond-based real estate investment trust, is cutting about 200 positions -- 10 percent of its work force nationwide. Most of the jobs involved are site-level jobs at apartments. (The Richmond Times Dispatch 03/29/01)

Metalsa Roanoke Inc., which manufactures frame rails for commercial trucks, will lay off 18 employees -- or the equivalent of one shift, blaming a deteriorating market for its products as the cause. (The Roanoke Times 03/29/01)

Comdial Corp. of Charlottesville plans to move its headquarters to Sarasota, Fla. It will continue vital operations in Charlottesville, including telecommunications engineering and research and development. (The Richmond Times Dispatch 03/29/01)

Brainbench, a Chantilly-based provider of online skills certification services, has terminated 33 employees. Brainbench said that the staff reductions occurred so that the company could achieve profitability in the third quarter of this year. (VentureWire 03/29/01)

Cendent Corp., a diversified travel, real estate and business services company, is transferring 148 customer-service jobs from its center in western Henrico County and creating 50 positions at its Richmond offices. The net loss of 98 jobs is attributed to a national consolidation. (The Richmond Times Dispatch 03/28/01)

Christian Broadcasting Network is cutting 50 jobs at its Virginia Beach headquarters. Most of the positions lost are in television production. (The Virginian-Pilot 03/24/01)

Proxicom Inc., the Reston-based Web design and consulting firm, will lay off 227 workers. The company also dropped plans to consolidate its Reston headquarters and two nearby branches into one location. (The Washington Post 03/24/01)

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This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

or e-mail it to ForTheRecord@va-business.com,

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