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Corporate Report: Nov. 25


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  • | 8:23 a.m. November 25, 2011
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Sunovia LEDs installed on Sarasota's Ringling Bridge
Sarasota-based Sunovia Energy Technologies and Siemen was awarded a contract from the city of Sarasota to convert all the roadway fixtures over the John Ringling Bridge to Sunovia's EvoLucia high-efficiency light-emitting diode lights.

Each conventional high-pressure sodium 185-watt fixture has been replaced with a Sunovia 55-watt LED fixture. The new Sunovia LED fixtures will reportedly reduce energy consumption by 70%, while also increasing roadway visibility. The new LED lights should last for about 12 years, eliminating much of the maintenance costs for the fixtures.

MoneyShow.com survey suggests traders bullish
A survey from Sarasota-based investment education destination firm MoneyShow suggests that investors are largely positive for the immediate future for the S&P 500.

According to the company's Traders' Sentiment Indicator on its website, 49% of active traders are bullish, 22% describe themselves as bearish and 29% have a neutral outlook about the S&P 500 between now and the end of 2011.

The company says it marks a dramatic change from the last Sentiment Indicator Survey in June that reported just 36% of traders were bullish and 41% were bearish.

Nearly 93% of traders expected to see the Federal Reserve keep interest rates unchanged for the remainder of the year.

In June, 41% of traders felt the dollar would fall moderately in relation to other currencies. Now, just 16% reported feeling the same way.

Nearly 60% of traders believe the economy will remain about the same for the remainder of the year while 24% believe it will worsen.

The MoneyShow.com Traders' Sentiment Indicator polled 360 active traders from its member list between Nov.7 and Nov.11. The complete findings of the Traders' Sentiment Indicator are available on MoneyShow.com.

Unilens Vision secures European distribution deal
Largo-based Unilens Vision Inc. has reached a deal with the No. 7 Contact Lens Laboratory Ltd. for it to be the exclusive distributor in the United Kingdom of the Unilens' C-Vue Advanced HydraVUE family of silicone hydrogel contact lenses. The No. 7 Contact Lens Laboratory will also distribute the C-Vue Advanced HydraVUE throughout the European Union.

“The relationship will allow for our new C-Vue Advanced HydraVUE family of custom silicone hydrogel lenses to be aggressively marketed throughout the United Kingdom and Europe....,” Michael Pecora, president and CEO of Unilens Vision Inc., says in a press release.

No. 7 Contact Lens Laboratory is a privately owned manufacturing company, based in Hastings, U.K. The company develops, licenses, manufactures, distributes and markets contact lenses primarily under the No. 7 Contact Lens brand.

ValCom's TV station adding cities, 2 million homes
My Family TV, a television network owned by Clearwater-based ValCom Inc., has entered into affiliation agreements to place the network in several new markets across the United States.

The family-friendly entertainment network, which has already started broadcasting in Hampton, Va., Florence/Huntsville, Ala., and Lake Havasu City, Ariz., has signed agreements to begin broadcasting in Louisville, Tri-Cities in Tennessee and Virginia and Myrtle Beach, S.C.. The network also plans to expand into Knoxville, Tenn., and Bluefield, W.V. The total reach of these new affiliates is more than 2 million homes.

“There is an increasing demand for family-friendly content in the marketplace,” Ken Gibson, vice president of affiliate relations for the network, says in a press release. “Our growth is evidence of this.”

Nature's Bioceuticals nears start of supplement production
Nature's Bioceuticals, a Cape Coral subsidiary of Mistral Ventures Inc., is finalizing arrangements to start production of its Breathing Relief Formula. The formula will be marketed as a dietary supplement.

“I am extremely satisfied that our new strategy allows us to market this product as a supplement immediately, instead of waiting many years and spending hundreds of millions of dollars seeking FDA approval as a drug,” Robert deZanger, CEO of Nature's Bioceuticals says in a press release, adding that the company expects to have the product ready for sale within 30 to 60 days.

The company expects to have sales of more than $10 million in the first year and to expand from there.

Falls River Group assists in Michigan sale
Naples-based Falls River Group LLC advised Akron, Ohio-based B.W. Rogers in its acquisition of Kalamazoo, Mich.-based Industrial Logic Controls for $1.6 million. Falls River Group has helped B.W. Rogers on a total of 15 successful acquisitions.

Founded in 1928, B.W. Rogers is a distributor of fluid power, process and electromechanical equipment. Industrial Logic Controls is an integrator and distributor of automation systems and components.

Vista System International wins technology award
Sarasota's Vista System International recently received the Technology Design award at the Advertising Design Russia 2011 ceremony held in Moscow at the closing of the leading tradeshow Reklama-2011.

The ceremony is one of the leading advertising and design events in Russia. It is organized by the Russia's National Advertising Association.

The purpose of the event is “identifying the leaders of the design of the advertising market” and “motivation of the advertising market for the establishment and introduction of innovative technologies.”

 

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