Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

The DeHayes Group Earns “Diamond Achiever” Award in Indiana


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“The members of the agency’s team are excellent business partners, providing quality, professional service to all clients they serve,” says Frankenmuth Insurance President and COO Fred Edmond.

The DeHayes Group of Fort Wayne, Indiana has been named “Diamond Achiever” for the state of Indiana by Frankenmuth Insurance. The award is presented to the state agency that attained the highest overall percentage rating in profitability, growth and policy retention during the past year.

The results achieved by the team at the DeHayes Group in 2019 have helped the agency become one of the most successful of Frankenmuth Insurance’s more than 600 independent agencies.

“We are proud to present this award to the management and staff at the DeHayes Group,” says Frankenmuth Insurance President and COO Fred Edmond. “The members of the agency’s team are excellent business partners, providing quality, professional service to all clients they serve.”

To learn more about the DeHayes Group, find them on Facebook or visit http://www.dehayes.com.

Frankenmuth Insurance has been providing peace of mind for families and businesses for 150 years. Because insurance is both complicated and critical to people’s lives, Frankenmuth works exclusively with 645 independent agencies to provide business, home, auto and life insurance policies. With more than 750 employees, the company is headquartered in Frankenmuth, Michigan, and offers insurance products in 15 states. Frankenmuth Insurance is financially sound, with $1.7 billion in assets. The company has an A.M. Best rating of “A” (Excellent) and is a Ward’s 50® Top Performer. For more information visit fmins.com.

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The Second Cup Coffee Company Mourns Passing of Chairman of the Board


Igor was an incredible leader and a brilliant man with great insights and unmatched experience and a wonderful supporter of the management team.

The Second Cup Coffee Company Inc. is deeply saddened to announce the passing of Dr. Igor Lojevsky, Chairman of the Board of The Second Cup Coffee Company Inc. Dr. Lojevsky, 63, passed away on April 12, 2020 in London, UK after battling the Covid-19 virus for over 17 days.

The Board and the entire Second Cup family extend its deepest condolences to Dr. Lojevsky’ s family. Igor was our colleague and more importantly our friend, a generous and gracious man and a loving Father and Husband.

Dr. Lojevsky has been the Chairman of the Board since September 2015 and instrumental in shaping the strategic direction of Second Cup over the past years with his vast experience and knowledge.

Well known and highly respected in the world of investment banking, Dr. Lojevsky received a PhD in Finance from EDHEC Business School, co-authored “Top Management: Theory and Practice”, was a Research Associate and a member of the International Advisory board of EDHEC Risk Institute and an Adjunct Professor of Higher School of Economics.

Over the course of his distinguished career, Dr. Lojevsky occupied many esteemed positions including adviser to the president on financial matters at YUKOS, adviser in the Department of Europe and Central Asia of World Bank, co-head of the investment banking department of Vneshtorgbank (now VTB), chairman of global banking and capital markets in Russia and CIS at Dresdner Kleinwort Bank, Chief Executive Officer of Deutsche Bank in Russia and deputy chairman of the global Deutsche Bank for Eastern Europe. He previously served on the boards of directors of Aeroflot, Russian Railways, Alrosa and was an Independent Director on the Board of the En+ Group.

“We were all without words by this tragic news. It was a great privilege to know him personally. Igor was an incredible leader and a brilliant man with great insights and unmatched experience and a wonderful supporter of the management team. We are truly grateful to him for everything he has done for our company in the 5 short years that he was with us. We are deeply saddened by this tremendous loss to the Second Cup family and wish his family strength and peace as they cope with this tragedy,” said Mr. Jim Ragas, CEO of The Second Cup Coffee Company Inc.

For more information, please contact Vera Pekker, Director of Public Relations and Digital Media, The Second Cup Coffee Company Inc. by phone: +1.905.234.0316 or e-mail: vpekker@mysecondcup.com.

Website: http://www.mysecondcup.com

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New York Private Jet Completion Center Fabricates Masks To Donate To Essential Workers


International Jet Interiors fabricates masks to donate to hospitals and first responders

In the beginning phases of the pandemic, my wife Adrianne and I knew we needed to utilize the upholstery department of the company to make masks to donate to essential workers – Eric H. Roth, President, International Jet Interiors

The team at International Jet Interiors in Ronkonkoma, New York is lending their expertise to first responders in New York during the Covid-19 pandemic.

Like so many states throughout the country, New York’s need for masks for essential workers on the front line has been both overwhelming and dire.

The IJI Design Team enlisted the help of Pollack, which generously donated 100 percent cotton material that International Jet Interiors used to fabricate protective masks. To date, 1500 masks have been produced by the IJI team and donated to local NY and surrounding state hospitals including Huntington Hospital, St. Joseph Hospital, Syosset Hospital/Northwell Health, Plainview Hospital/Northwell Health, Brockton Hospital, St. Catherine’s Hospital, Baystate Medical Center, Ronald McDonald House Charities facility in New Hyde Park, Hauppauge Fire Department – Sub Station 1, Oyster Bay Fire Department and other essential workers who have expressed a need for personal protection.

Fortunate to be able to share their craft in a unique and transformative way during this unprecedented time, International Jet Interiors is immeasurably thankful to all of the essential workers, doctors, nurses, hospital staff, and first responders for their dedication and best efforts in this challenging environment.

A member of NBAA and IADA and other professional organizations, International Jet Interiors is an innovative leader in the aviation industry, known for their creative cabin solutions and one-of-a-kind private aircraft refurbishment.

International Jet Interiors President, Eric H. Roth shares, “my wife Adrianne and I were watching the news early one morning in the beginning phases of the pandemic, and we knew immediately we needed to utilize the upholstery department of the company to make masks. The sentiment was shared by all of our employees, and we join together as a big family to thank all essential workers for keeping our communities well cared for during this unprecedented and difficult time.”

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The Farm Bureau® Insurance Companies in Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina Unveil Coronavirus Customer Assistance Program


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“These are some of the ways the Farm Bureau Insurance companies can give back to the communities we serve, and we are happy to fulfill that obligation of service.”

Media Contact:

John Holdsworth, State Sales Manager

Florida Farm Bureau Insurance Companies

John.Holdsworth@ffbic.com

The Farm Bureau® Insurance Companies in Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina Unveil Coronavirus Customer Assistance Program

Policyholders receive $30 million one-time credit, community food banks receive $2.3 million donation.

The Farm Bureau Insurance companies, leading providers of property and casualty insurance in Arkansas, Colorado, Florida, Louisiana, Mississippi, and South Carolina, are offering a variety of financial assistance measures in response to unexpected hardships for their customers and the communities they serve due to the coronavirus (COVID-19) outbreak—including a one-time estimated premium credit of $30 million to policyholders, and donation of $2.3 million to local food banks across their six state footprint.

“Everything we do is built around helping people. Insurance is a safety net designed to provide people comfort and peace of mind in the face of adversity—and now more than ever, people need to feel that peace,” said Steve Murray, President & CEO, Florida Farm Bureau Insurance Companies. “These are some of the ways the Farm Bureau Insurance companies can give back to the communities we serve, and we are happy to fulfill that obligation of service.”

One-Time Premium Credit*

The Farm Bureau Insurance companies are distributing a one-time credit to all personal auto policyholders. This special credit is based on 15 percent of two months auto premium paid for each vehicle covered—an estimated value of about $30 million. No action needs to be taken by the customer to receive this special assistance. The Farm Bureau Insurance companies will simply credit their customers’ next invoice after the program begins.

Feeding Families

Farm Bureau’s founding mission is to feed and support the families that put food on our tables. In an effort to hold true to the core values of their organizations by providing relief to their communities in a time of need, the Farm Bureau Insurance companies have jointly decided to donate $2.3 million to local food banks across their six-state footprint.

Additional Payment Accommodations

In addition, as of April 8, fees charged for insufficient funds whether returned checks or electronic funds transfers, will be waived for all insureds, and any premium adjustments made based on the number of insufficient funds will be waived until September 1, 2020.

Other options being offered to insureds on a case-by-case basis include:

  • Extending due dates to allow their customer to make a partial payment
  • Adjusting an individual’s payment schedule based on their current budget so that the insured can keep coverage in force
  • Adjusting the billing dates to allow for flexibility in making payments

Customers are allowed to make payments of multiple payment types (cash, check, credit card) and that will continue to be available. EFT also continues to be available for eligible accounts.

*All changes subject to regulatory approval.

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COVID-19 Leads to Greater Employer Focus on Response Planning, Employee Education and Flexible Work Arrangements, Alera Group Study Reveals


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Despite the severity of the situation, employers are promoting resilience through EAP and wellness resources, and where onboarding can continue, turning to virtual methods.

COVID-19 is leading many employers to implement or re-evaluate their infectious disease response plans, ramp-up their employee communication efforts, and offer flexible work arrangements to address childcare and remote work challenges, a new Alera Group study finds.

The Alera Group COVID-19 Employer Pulse Survey explores the impact of the pandemic and offers insights into how employers throughout the country and in various industries are navigating employee health, benefits and human resources issues in the changing landscape.

The study identified five key findings:

  • Over 50% of employers surveyed with 100 or more employees will implement formal infectious disease policies as a result of COVID-19.
  • Most employers, regardless of size, region, or industry, are educating their employees several times a week about prevention techniques, COVID-19 symptoms and employee benefits.
  • Hiring freezes and social distancing measures are prevalent and layoffs and furloughs are rising as a result of shutdowns.
  • The majority of employers surveyed are allowing employees to use their paid time off and some are assisting with childcare issues. Telemedicine is becoming more of a focus.
  • The impact of COVID-19 varies by industry, with manufacturing, non-profit, healthcare, professional and finance/insurance organizations having a slightly more positive outlook.

“The COVID-19 pandemic is raising questions among employers about employee benefits policies and coverages as a result of remote work arrangements, childcare challenges, and furloughs,” said Sally Prather, National Employee Benefits Leader at Alera Group.

“Despite the severity of the situation, employers are promoting resilience through EAP and wellness resources, and where onboarding can continue, turning to virtual methods,” said Karen English, Senior Vice President at Spring Consulting Group, an Alera Group company.

Continued English, “As employers work to navigate this current crisis, proactive response planning, re-evaluating benefits policies and plans, and leveraging health and benefits technology will be keys to preparing for future wide-spread disruptions.”

The Alera Group survey was conducted online from March 27 to April 6, 2020, and consisted of 831 employers across various sizes, industries and regions. Visit the Alera Group website to read the report: https://aleragroup.com/coronavirus/.

About Alera Group

With over 80 firms across the country and nearly 2,000 teammates, Alera Group works together to deliver solutions in employee benefits, property and casualty, retirement services and wealth management. Built on a unique model of collaboration, Alera Group is now the 17th largest independent insurance agency in the United States. For more information, visit aleragroup.com.

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Billon’s Distributed Ledger Technology Enables Polish Banks to Go Paperless


Retail banks in Poland began providing customers with notifications of commissions and fees changes on blockchain via a new document management product offered by the Polish Credit Bureau (BIK, or Biuro Informacji Kredytowej in Polish). Banks use the BIK Blockchain Platform powered by distributed ledger technology (DLT), provided by the British-Polish fintech Billon Group and based on a new type of architecture storing full documents entirely in the blockchain. The aim is to eliminate paper-based client-facing notifications as well as to fully comply with MiFID II, GDPR and related regulations requiring a durable medium for such notifications.

The news comes amidst the growing concern that traditional documentation and delivery methods – including e-mail, internal banking communications and paper delivery – fall short of today’s increased need for security and authentication. Under the new approach, banks’ encrypted notification and legal agreements with clients will be stored on a distributed ledger, accessible via a portal managed by the credit bureau, so that customers can rely on having authentic and immutable documentation that the bank cannot change and which is available even when they are no longer clients of the bank.


  • The BIK Blockchain Platform assigns a unique address to every document and distributes the data to many network nodes in a way that provides extremely high database resilience and individual document tamper resistance.
  • The platform uniquely stores whole documents within the distributed ledger, including logic and signature. This eliminates the need to maintain expensive and vulnerable additional server storage, which is common for other forms of blockchain.
  • The BIK platform can be deployed in sectors outside the banking industry, including storing legal agreements, insurance claims or other high value documents.

BIK began development using Billon’s DLT system in May 2018 and field tested the system in a pilot with a group of five banks. BIK maintains records for over 25 million Poles and dozens of Polish banks.

“This launch marks the first step of commercialisation of the BIK Blockchain Platform. This version eliminates the need for paper notifications. Further versions will focus on streamlining complex multi-party processes and expand to other market sectors in Poland,” said BIK CEO Mariusz Cholewa.

“Managing documents on DLT is a much safer and cheaper solution than using paper,” said Wojtek Kostrzewa, CEO of Billon Group. “It is gratifying to see banks as progressive institutions taking advantage of the regulatory compliant ‘civilised blockchain’ solutions Billon developed specifically for regulated industries like these.”

Watch a video and learn more about Billon’s Trusted Document Management solution here.

***

BIK (Biuro Informacji Kredytowej S.A.) collects and provides data on the credit history of bank clients, credit unions, etc. from the entire credit market in Poland. BIK has the largest data collection on individual clients and entrepreneurs, including information on 147 million accounts belonging to 25 million individuals and a credit history of a total of 1.4 million companies, farmers and other entities, including 845 thousand micro-entrepreneurs. Individual clients can monitor their credit history through the online portal http://www.bik.pl. BIK Alerts service fulfills a social role and protects individuals against credit extortions or delays in repayment.

Billon unleashed the potential of blockchain by creating efficient and scalable distributed ledger technology (DLT) for business. Billon has developed the initial assumptions of blockchain technology, building a protocol that is extremely fast, fully secure and ready to be used in accordance with existing regulations. We used it at the beginning to save national currencies and micropayments, but we expanded our vision to save documents and data and identity management in a blockchain structure. Thanks to this, Billon has a unique opportunity to provide measurable business benefits to banks, companies and ordinary users in a regulated environment.

Billon was founded in Great Britain in December 2015 on the basis of an earlier research project created in Poland. Its development has been supported by numerous R&D grants, including those from the EU Horizon 2020 framework program. Today, its offices in London and Warsaw employ an international team of over 80 people. The company has a license of an electronic money publisher in Great Britain and Poland.

Billon works to implement its technology commercially with leading business partners, such as FIS in the US and BIK (the Polish credit office) in Poland. In November 2018, the company won the Global FinTech Hackcelerator at the Singapore FinTech Festival, showcasing a solution to zero-cost blockchain micropayments. On October 17, 2019 Billon won the Elevator Lab accelerator, qualifying to the partnership programme by Raiffeisen Bank International to work on e-money transactions with digitised euro on DLT.

For more information, visit http://www.billongroup.com.

Media Contacts:

For Europe: Maciej Józefowicz, Head of PR & Communication / maciej.jozefowicz@billongroup.com /tel. 0048 734 443 023

For North America: Nancy Broe / nbroe@fulltiltconsulting.com / tel. +1 678 230 9146

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Drucker + Falk Gives Back to Apartment Industry Through Involvement with Triangle Apartment Association


Kellie J. Falk Managing Director for Drucker + Falk, based in Raleigh, NC

Kellie J. Falk Managing Director for Drucker + Falk, based in Raleigh, North Carolina

“TAA is a leading non-profit trade association dedicated to the advancement of the rental housing industry and that is something we feel very passionately about, and we will continue to support them in the future.” – Kellie J. Falk, Managing Director for Drucker + Falk

Drucker + Falk is a performance-driven real estate service and investment firm among some of the most respected property management and commercial real estate companies in the country. For more than 80 years, Drucker + Falk has been seen as a leading multifamily apartment management company, and is honored to recognize several employees who have dedicated their time to the Triangle Apartment Association (TAA).

TAA, the local affiliate of the Apartment Association of North Carolina and the National Apartment Association, represents individuals and companies who develop, own, manage, and provide goods and services to the apartment industry in the Raleigh-Durham-Chapel Hill and surrounding area.

Steve Hayworth, Director of Maintenance, recently received an award from TAA, highlighting his service and dedication to the board for two years. His efforts not only with TAA, but his growth and longevity within Drucker + Falk are admired and notable. Along with Hayworth, who has logged countless hours of service to the TAA board, Katy Boone, Property Manager at Crosstimbers Apartments, was installed in January 2020 and is now also on the TAA Board of Directors. At TAA, there are three boards; TAA, Triangle Apartment Association Education Foundation (TAAEF), and TAA New Lease on Life. Other Drucker + Falk employees who donate their time to these associations include, Lisa Price, immediate past Vice President and current board member for TAAEF, Nikki Worthley, DF Regional Property Manager and current Secretary/Treasurer for TAAEF, and Deanne Faison, DF Property Manager at Sumter Square and on the board of directors for TAAEF.

Kellie J. Falk, Managing Director, says, “Drucker + Falk is committed to staying involved here in the southeast when it comes to local apartment associations. TAA is a leading non-profit trade association dedicated to the advancement of the rental housing industry and that is something we feel very passionately about, and we will continue to support them in the future.”

ABOUT DRUCKER + FALK

Founded in 1938, Drucker + Falk is a full service real estate and investment firm managing a diverse portfolio of nearly 40,000 apartment homes and approximately 3,000,000 square feet of office, retail and industrial space in 13 states. In addition to managing a broad range of properties, including class A+ to affordable apartment communities, mixed-use and all types of commercial properties, Drucker + Falk partners with clients on developing new properties, renovating and repositioning assets, converting historic properties to unique, upscale apartment homes and offers commercial leasing and sales services. For more information visit Drucker + Falk.

ABOUT TRIANGLE APARTMENT ASSOCIATION

Founded in 1984, the Triangle Apartment Association is a non-profit trade association serving the multifamily rental housing industry. Our members are individuals and companies who develop, own, manage, and provide goods and services to the apartment industry in the Raleigh-Durham-Chapel Hill area.

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Axiom Valuation Solutions Welcomes John M. Byrne, CPA/ABV


John Byrne, Managing Director, Axiom Valuation Solutions

John Byrne

John’s unique blend of accounting and financial reporting, combined with his understanding of valuation theory and application, provides an integrated approach to delivering value to clients.

John has a robust financial reporting and valuation background. His experience includes companies operating in healthcare, technology, construction, manufacturing, and distribution. He provides business valuation services and consulting related to income tax compliance, litigation, succession planning, and financial reporting. He also consults on strategic planning related to merger and acquisition activities and related due diligence. Prior to joining Axiom, John was with a national healthcare company serving as the subject matter expert on fair value related to business combinations and related intangible asset valuations. John’s unique blend of accounting and financial reporting, combined with his understanding of valuation theory and application, provides an integrated approach to delivering value to clients.

Since 2001, Axiom Valuation Solutions, a leading business and financial securities valuation firm serving clients around the U.S. and across the globe, has provided a comprehensive range of valuation services to thousands of business owners of private companies, private equity and venture capital financed companies, and public companies.

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A Tech-Enabled, Two-Sided Market Designed to Connect Difference Makers with Opportunities to Make a Difference


Raines International, one of the country’s leading executive search firms, announced today the launch of the Raines Talent Marketplace, founded by advertising and media industry veteran and innovator Matt Seiler. The digital platform, which Mr. Seiler conceived prior to joining Raines in 2019, was launched today as a membership program to accelerate a company’s ability to identify and engage exceptional candidates for short, mid and even long-term engagements.

The Raines Talent Marketplace (https://rainesinternational.com/talent-management/) is a highly-curated, executive level digital platform designed to collect and input professional background information into Raines’ proprietary talent management model, and make it instantly available to companies looking to make a difference. Candidates are drawn from six verticals and represent more than 12 senior job functions.

Mr. Seiler said that the marketplace is a critical part of the evolution of the talent landscape, and the pandemic has advanced its launch. The Talent Marketplace is ideally suited to two very different segments of today’s business spectrum: those companies experiencing huge growth, such as tele and video communications, healthcare, all things delivery and many CPGs; as well as those experiencing the need for restructure or retrenchment, such as hospitality, quick-service restaurants and airlines. Now faced with the need to engage new senior leaders for short-term business conditions, hiring organizations require the expertise that Raines can uniquely deliver in vetting talent for specific business opportunities.

“There are a number of industries that are thriving now, causing a surge in demand for high-level talent,” said Mr. Seiler. “By May, our product will offer a sophisticated, highly-targeted and user-friendly interface enabling businesses to immediately identify and engage talent uniquely suited to the role. We are committed to becoming the definitive destination for high-level executives and companies seeking outstanding leaders for their businesses.”

Ms. Carolyn Everson, Vice President, Global Business Group, at Facebook, said: “I am so excited to see the Raines Talent Marketplace come to life. This is exactly what we all need, now more than ever. The right talent in the right place will make huge differences for businesses no matter what their current challenge. Matt Seiler has always been someone challenging the status quo and the Talent Marketplace will do just that.”

The Talent Marketplace is the latest announcement from Raines, which this year celebrates its 51st anniversary. Since the firm announced Mr. Dan Smith as Chief Executive Officer last year, Raines has opened offices in Buenos Aires, Chicago and Washington, D.C., and expanded its senior management team, including Mr. Seiler, Innovation Practice Leader John J. Keller and last month, Patrick Gray. Mr. Gray, former U.S. Army Intelligence Officer, has joined as a Managing Director and Head of the company’s Diversified Industrials Practice with particular expertise in mission critical sectors and functions. Mr. Gray, who will open and oversee the firm’s Washington, D.C., office, will focus on the aviation, aerospace and defense, national security, government services, packaging and engineered components industries.

About Raines International:

Raines International is an executive search firm committed to making a difference through leadership. Raines is headquartered in New York City, with offices in Boston, Buenos Aires, Chicago, San Francisco and Washington, D.C., and global resources that support its executive search, executive coaching and talent management practices. Raines specializes in senior level leadership placements across industries and functions.

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Restoration 1 Now Offers Virus Disinfection Services


As Coronavirus spreads throughout the world and the US, the country needs to take the necessary precautions at home, at offices, and in general public areas, such as restaurants and grocery stores, in order to keep these spaces hygienic.

What is so concerning about the spread of the COVID-19 virus is that not only does it spread through human contact, the virus can live on surfaces and objects for up to two weeks. Here’s where Restoration 1 can help.

For a decade, Restoration 1 has specialized in biohazardous and infectious disease cleanup. They are fully trained and equipped to help at your business, or at home. Plus, all Restoration 1 locations offer 24/7 emergency response, which means a callout can take place as soon the customer or the business needs it.

“If your business is seeing foot traffic at the moment, or you are simply taking precautionary measures at home, Restoration 1 is here to assist. As professional restoration experts, we have all the necessary tools and equipment to handle virus sanitization and virus disinfection,” says Kyle Rowlee, the owner of the Restoration 1 franchise in Waco.

The Restoration 1 Disinfection Process:

  • Restoration 1 is certified by the Institute Inspection Cleaning & Restoration Certification (IICRC)
  • Using the most advanced equipment and up-to-date techniques when it comes to disease cleanup
  • Applying approved CDC and EPA industrial-strength disinfectants and cleaning agents to floors, countertops, keyboards, office equipment, shelving, storage areas, and all other surfaces in order to decontaminate them
  • The team is equipped with safety equipment to reduce the risk of contamination or illness, and are dressed in fully encapsulated personal protective equipment with full-face respirator masks
  • Following strict cleanup guidelines for the demobilization of the equipment trucks and properly handling infectious biohazard waste


For more about how Restoration 1 is tackling the Coronavirus cleanup, take a look at a television interview with Kyle Rowlee on KWTX. Go to: https://www.kwtx.com/content/news/Local-company-runs-at-full-throttle-amid-corona-cleanup-crisis-569077761.html

Rowlee explains the sanitation and disinfection process, “Reachable hard surfaces get basically a sanitation applied to them … we use that process first, let it dwell for about 20 minutes,” said Rowlee. “Then we come back through and use the disinfectant process with a UBL fogger to get a lot of those areas that we can’t physically hand-wipe.”

Find out how Restoration 1 can help disinfect environments, personal or commercial, find the nearest Restoration 1 location here or go online for a free estimate today.

ABOUT RESTORATION 1

Restoration 1 is a team of nationwide licensed and insured water damage experts that also offer fire, water, and mold damage restoration services, biohazard cleanup and infectious disease cleanup, and more, available 24/7. Their professionals, licensed by the IICRC, have been in the business of restoring damaged residential and commercial properties for over a decade. Their reputation for fast responses, unparalleled service, and uninhibited commitment has contributed to the rapid growth of the company throughout the United States.

For more information about Restoration 1, their services, and locations, go to http://www.restoration1.com.

*Cleaning and decontamination services effectively address immediate conditions, but no chemical or process eliminates 100% of all organisms.

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