Posted July 11 Estes Express Lines, a Richmond-based freight
transportation company, reorganized its Estes Air division
into Estes Air Forwarding LLC. The new entity
will offer a full slate of air and ground services to
compete in growing global services market. (Business
Wire)
Bob Kipps and Kevin DeSanto,
former investment bankers with Houlihan Lokey Howard & Zukin,
formed KippsDeSanto &
Co., an investment banking firm in Vienna. The
firm will concentrate on servicing the IT, defense,
communications and government contracting sectors. (News
release)
Satellite Systems Corp., a Virginia Beach manufacturer
of satellite beacon tracking products, formed a subsidiary Dominion
Test Instruments to produce remote carrier monitoring
systems and complement SSC in product development. (Business
Wire)
Posted July 10
Virginia unveiled the Virginia
International Trade Alliance, an alliance of companies
in the state involved with international trade and
investment. The Virginia Economic Development Partnership and
the Virginia Port Authority will support the
coalition with staff assistance. Plans for coordinated
international marketing aim to increase foreign exports
by seven percent by 2010. (News release)
