Category Archives: Business

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

11 NFP Retirement Plan Advisors Recognized on National Association of Plan Advisors 2020 List of Top Retirement Plan Advisors Under 40


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“We are thrilled to see such dedicated and deserving individuals recognized on this list,” said Nick Della Vedova, president of NFP’s Retirement division.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, is pleased to announce that 11 NFP advisors have been named to the National Association of Plan Advisors (NAPA) 2020 list of Top Retirement Plan Advisors Under 40. The list is compiled based on nominations provided by NAPA Broker-Dealer/RIA Firm Partners. Nominations are vetted by a panel of senior advisor industry experts and evaluated based on a combination of quantitative and qualitative data. The individuals named are widely regarded as future leaders within the retirement plan advisor industry.

The NFP advisors named to the NAPA list for 2020 are: Jared Benson, Michael Down, Jessica Espinoza, Matt Giovinazzo, Emily Hopkins, Kameron Jones, Kyle Olson, John Richards, Peter Rowley, Rick Sauerman, and Solomon Stewart.

“We are thrilled to see such dedicated and deserving individuals recognized on this list,” said Nick Della Vedova, president of NFP’s Retirement division. “Each represents NFP’s values of outstanding professionalism, service, and expertise, and are contributing tremendously to strengthening our foundation for success. I am also particularly proud that NFP has more advisors on the list than any other company.”

“People continue to drive NFP’s success and our impressive representation on NAPA’s list confirms that we have some talented individuals delivering retirement solutions that companies and their employees want and need,” said Doug Hammond, chairman and CEO of NFP. “We are excited about our success in the retirement space, and with this next generation of leaders, we’re in a great position to accelerate our growth.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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The Bowdoin Group Wins ClearlyRated’s 2020 Best of Staffing® Client and Diamond Awards


Every year, we are honored and humbled to be recognized for our commitment to delivering excellence to each client and candidate.

The Bowdoin Group, an executive search firm with deep expertise in leadership search and strategic team expansions for growth-stage companies, announced today that they have again won both Best of Staffing Client and Talent Diamond Awards for providing superior service to their clients and candidates for at least five consecutive years.

ClearlyRated’s Best of Staffing® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients and candidates. On average, clients of winning firms are 3.3 times more likely to be completely satisfied and candidates who have been placed by winning firms are 1.7 times more likely to be completely satisfied with the services provided compared to those working with non-winning firms. The Bowdoin Group received a Net Promoter® Score of 95% from candidates, almost 4 times the industry’s 2018 average of 24%, and an NPS® Score from clients of more than 32 times the industry’s average of -2% in 2019.

This is the second year in a row that The Bowdoin Group is receiving both ClearlyRated’s Best of Staffing Client and Talent Diamond Awards concurrently, and the seventh straight year winning ClearlyRated’s Best of Staffing Award. With fewer than 2% of all executive search and recruiting firms in the U.S. and Canada earning the Best of Staffing Award, the firm continues to provide world-class services to both clients and candidates.

“Every year, we are honored and humbled to be recognized for our commitment to delivering excellence to each client and candidate. We are grateful for all the feedback we receive, and it continues to push us to deliver top-notch results,” said Dave Melville, CEO & Founder of The Bowdoin Group. “We pride ourselves on being both partners and advisors to our clients and candidates, preparing them to navigate increasingly complex searches. We are fueled by an exceptional team that delivers award-winning results year after year.”

“Now more than ever, it is important for staffing firms to deliver consistently remarkable experiences to the clients and talent they work with,” said ClearlyRated’s CEO Eric Gregg. “This year’s Best of Staffing winners have shown their commitment to exceptional service, committing to not only measuring satisfaction, but taking action on the feedback. I couldn’t be prouder to showcase these industry leaders alongside feedback from their actual clients and candidates on ClearlyRated.com and applaud them for their commitment to making improvements at their respective firms!”

About The Bowdoin Group

Founded in 1994, The Bowdoin Group is an award-winning executive search firm that specializes in leadership and strategic roles, recruitment process outsourcing (RPO) services, and major hiring projects for a wide range of companies, from small firms building out their executive team to larger firms sourcing talent for rapid market expansion. With deep expertise in BioPharma, Digital Health, FinTech and Financial Services, and Software and Technology, Bowdoin is a national leader with the ability to source talent and service companies globally. The company’s service reputation has earned it a ranking in the top 2% of the recruiting industry for client satisfaction year after year. The Bowdoin Group is also active in supporting the local entrepreneurial ecosystem as well as several non-profit causes, including Life Science Cares, NEVCA, Hack.Diversity, and FinTech Sandbox. Learn more at https://www.bowdoingroup.com.

About ClearlyRated

Rooted in satisfaction research for professional service firms, ClearlyRated utilizes a Net Promoter Score survey program to help professional service firms measure their service experience, build online reputation, and differentiate on service quality. Learn more at https://www.clearlyrated.com/solutions/.

About Best of Staffing

ClearlyRated’s Best of Staffing® Award is the only award in the U.S. and Canada that recognizes staffing agencies that have proven superior service quality based entirely on ratings provided by their clients and job candidates. Award winners are showcased by city and area of expertise on ClearlyRated.com – an online business directory that helps buyers of professional services find service leaders and vet prospective firms – based exclusively on validated client and talent ratings and testimonials.

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Why UBI Programs Are Becoming Popular


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“Usage-based insurance programs will allow drivers to quickly gain large discounts. Besides that, drivers will be encouraged to adopt safer driving habits in order to obtain those discounts”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new guide that explains how usage-based insurance programs can help drivers obtain cheaper car insurance.

Usage-based insurance, or UBI for short, is one of the most recent forms of insurance introduced in the car insurance industry. Policyholders can lower the costs of their insurance if they allow their insurers to install a small telematics device in their vehicles. This device will record driving habits and send them back to the insurance company.

Policyholders that enroll in a usage-based insurance program will gain the following advantages:

  • Drivers can obtain fast discounts. Usually, insurers need to analyze years of driving history before offering a discount. But with the help of UBI programs, the good driver discount can be obtained much faster. The telematics device that analyzes driving habits is typically installed for just 30 days. This period is enough for most insurers to decide if they offer a good driver discount or not.
  • Get a low-mileage discount. One of the factors monitored by the telematics device is the number of miles covered by the policyholder in a certain period. If a policyholder drives fewer miles than a certain limit, he is eligible for a low-mileage discount.
  • It encourages safer driving habits. The telematics closely monitors the driving habits and the policyholders know that. In order to not be penalized, drivers will adopt better and safer driving habits.
  • UBI programs help authorities investigate accidents. The telematics devices constantly record all sorts of data about the vehicle. Data like speed, traveling direction, airbag deployment and hard braking can help authorities find out what happened in a car accident.
  • Significant discounts for teen drivers. It is known that teen drivers pay high premiums on their insurance. One of the methods that can help them pay less on car insurance is to enroll in a UBI program. Teen drivers that have good driving habits will be rewarded with substantial discounts.


For additional info, money-saving tips and free car insurance quotes, visit http://compare-autoinsurance.org

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

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Beautiful, Maintenance-free Poly Lumber Furniture Available at Weaver Furniture Sales


The Square Pub Table and Side Chairs set is one of the Poly Lumber Furniture collections available from Weaver Furniture Sales.

Due to its beauty, affordability and maintenance-free characteristics, Poly Lumber Furniture helps families and friends alike to experience years of carefree enjoyment.

As one thinks about the warmer weather ahead, outdoor entertainment – and patio furniture — come to mind. So Weaver Furniture Sales, of Shipshewana, Indiana, announces its lineup of Poly Lumber Furniture.

These pieces of outdoor furniture are available online or by visiting Weaver’s ‘brick and mortar,’ 20,000 square feet megastore in Shipshewana, Indiana.

Poly Lumber Furniture is a beautiful, maintenance-free and affordable line of outdoor furniture for the home. The furniture is made of recycled milk, water and juice containers. But that’s not apparent from looking at the furniture. Because Poly Lumber Furniture has the appearance of wood.

Also, stainless steel hardware is used in the assembly of the furniture. In addition, craftsmen reinforce the Poly Lumber material with sturdy aluminum angle braces. As a result, Poly Lumber Furniture is sturdy and durable.

What’s more, Poly Lumber Furniture is termite resistant, UV stabilized and will not promote bacterial growth or mildew. So it’s great for the outdoors, including patios, decks and swimming pools. And to top it all off, the furniture has a beautiful appearance.

“Due to its beauty, affordability and maintenance-free characteristics, Poly Lumber Furniture helps families and friends alike to experience years of carefree enjoyment,” says LeRoy D. Weaver, owner of Weaver Furniture Sales.

Poly Lumber Furniture collections from Weaver include folding Adirondack Chairs, the Rectangle Balcony Table and Chair Set, the Square Pub Table and Side Chairs and many other options.

Customers can order the Poly Furniture from Weaver Furniture Sales online or by visiting their large showroom in Northeast Indiana on the south edge of Shipshewana.

About Weaver Furniture Sales

Weaver Furniture Sales is open daily from 9 a.m. to 5 p.m. and 9 a.m. to 4 p.m. on Saturday. The store is closed on Sunday. The 20,000 square foot Weaver Furniture Sales store is located 1/4 mile south and 1/4 mile east of the junction of State Road 5 and US 20 in Shipshewana, Indiana. So the store is easy to find. You can take your furniture with you or Weaver Furniture Sales will make delivery arrangements for you. For more information, visit Weaver Furniture Sales website or call 260-768-7730.

Weaver Furniture Sales was established in 1989 in Shipshewana, Indiana. An Amish, family-owned furniture business, Weaver offers a full line of solid wood, Amish furniture at affordable prices. And Weavers caters to both residential and commercial customers. The company features Shaker, Mission and Traditional furniture styles. As part of their client services, Weavers provides furniture design consultation services, custom furniture options, furniture quotes, layaway options and various delivery alternatives for residences and businesses in the United States.

LeRoy and Ida Weaver own and operate Weaver Furniture Sales. They began with a 1,500 square foot showroom, which has been expanded to more than 20,000 square feet. Previously, they owned and managed LeWana Dairy Farm, where they milked cows and raised corn and hay.

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Insurance Veteran Promoted to Executive Role at Distinguished Programs


Mark King, regional sales executive with Distinguished Programs.

Distinguished Programs, a national insurance program manager, today officially announces the promotion of longtime employee Mark King. With more than 25 years in the insurance industry, King brings considerable expertise in the property casualty sales space to his new role as regional sales executive with Distinguished Programs.

“Mark has an impressive track record in the industry, making him a valuable member of our team and a well-versed resource for the agents and brokers with whom he works. That depth of experience and understanding of the market gives Mark the ability to best assist clients and even mentor fellow colleagues,” noted Kurt Meister, senior vice president of business development at Distinguished Programs.

In his new role, King will work with clients throughout Southern California to choose proper insurance programs for clients across the full range of products and services available through Distinguished Programs.

Prior to his joining Distinguished Programs in 2006, King served as director of commercial accounts at Wausau Insurance Company in Seattle for nine years. While there, he was responsible for the development, growth and profit of the broker distribution network throughout Washington, Alaska, Oregon and Idaho.    

King attended Portland State University where he earned his bachelor’s degree in social science. He is currently based in Bellvue, Wash.

About Distinguished Programs

Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Cultural & Historic Properties and Hospitality & Restaurants. Property and liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished Programs’ high limit umbrella programs remain the clear choice in its areas of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1987, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. http://www.distinguished.com.

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Industry Veterans Launch Vantage, a Compliance Risk Management Firm Focused On BSA/AML Compliance


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Our goal at Vantage is to always bring the best solutions to our clients by focusing on delivering proven advisors and cost-effective technology-enabled solutions that our clients value as they face increasingly complex regulatory challenges.

Led by Lex Fenwick, Arun Banerjee, and Brad Breslin, Vantage GRC Solutions LLC (“Vantage”) was formed following their acquisition of a majority share of GRC Solutions, LLC (“GRC Solutions”). The transaction closed in October 2019 and the new firm will market under the Vantage GRC Solutions brand name. Originally founded in 2012, GRC Solutions’ legacy of helping financial institutions manage their compliance risks makes it a strong platform for growth in several key areas including financial crimes remediation, anti-money laundering (“AML”) technology integrations, model validations and compliance testing.

“Over the last decade, compliance costs and complexity have grown exponentially. As we continue to expand Vantage, our clients will be supported through the next phase of regulatory change as they strive to protect their people, customers and company by staying one step ahead of those looking to do harm within today’s global financial systems,” said Lex Fenwick, Chairman.

With an established team of subject matter experts, Vantage brings its practical expertise to its foreign and domestic clients helping them remediate, design and effectively deploy solutions to meet the specific regulatory requirements set forth by the Federal Reserve, Office of the Comptroller of the Currency, New York State Department of Financial Services and Federal Deposit Insurance Corporation.

“We are excited by this transaction and we will continue to deepen our expertise in AML, Bank Secrecy Act and sanctions by attracting the best talent from the industry. Our goal at Vantage is to always bring the best solutions to our clients by focusing on delivering proven advisors and cost-effective technology-enabled solutions that our clients value as they face increasingly complex regulatory challenges,” said Arun Banerjee, Chief Executive Officer.

“Vantage was launched, and is uniquely positioned, to serve as the next-generation compliance risk management platform for the market,” noted Brad Breslin, Chief Operating Officer. “Clients want holistic solutions and Vantage is singularly focused on building to deliver the best integrated advisory, managed services, and technology solutions.”

Uniquely Qualified Team of Industry Veterans

Vantage is led by Mr. Fenwick, Mr. Banerjee, and Mr. Breslin. Each brings proven experience in the ability to quickly scale enterprises by providing clients with industry-leading, technology-enabled and sustainable solutions.

Lex Fenwick, serving as Chairman, previously was the Chief Executive Officer for Dow Jones & Company. Mr. Fenwick joined Dow Jones after more than two decades at Bloomberg L.P., serving in his last position as CEO. During his tenure as CEO of Bloomberg L.P., the company increased its terminal base to over 285,000 worldwide, and launched many new businesses and innovations. Mr. Fenwick also founded Bloomberg Ventures in July 2008, which was designed to explore opportunities to enhance, expand, and diversify Bloomberg products.

Arun Banerjee, Chief Executive Officer, is a recognized industry expert in the areas of risk management and regulatory compliance with over twenty years of advisory experience serving financial institutions. As CEO of Vantage, Mr. Banerjee has overall responsibility for the management and operation of the company as well as business development. Prior to joining Vantage, he served as Managing Director and Chief Revenue Officer at Exiger – a global regulatory and financial crime, risk and compliance firm. He also previously held senior leadership positions with Dow Jones, Kroll, and Goldman Sachs and has specialized in risk and compliance and developing solutions for both domestic and foreign financial institutions.

Brad Breslin, Chief Operating Officer, joins Vantage from Exiger where he most recently served as the Global Head of Managed Services and Operations. At Exiger, he was responsible for opening their European and near-shore managed services delivery centers and driving operational improvements to scale their rapidly growing Advisory business. As COO of Vantage, Mr. Breslin has responsibility for implementing strategic initiatives, devising operational efficiencies to support scalability, and leading partnerships and acquisition strategy. Prior to Exiger, Mr. Breslin was a Managing Director at K2 Intelligence, Managing Director at Thacher Associates, and was an attorney with the U.S. Department of Justice.

For further information about Vantage, please visit https://vantagegrc.com.

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Distinguished Programs Promotes West Coast-based Jack Madsen


Jack Madsen, regional sales executive with Distinguished Programs.

Distinguished Programs, a national insurance program manager, today officially announces the promotion of the company’s longtime employee Jack Madsen to the role of regional sales executive. Madsen has more than two decades of experience as a sales professional, with more than 10 of those years in insurance.

“Jack’s reputation and significant background in sales make him a valuable asset to the team. He strives to provide constructive collaboration with clients to ensure they are satisfied with their products,” noted Kurt Meister, senior vice president of business development at Distinguished Programs. “His experience with our products and services, along with his notable sales record have impressed many of us at Distinguished Programs.”

In his new role, Madsen will consult with retail agents and brokers across all of Distinguished Programs’ insurance products and services, covering the Pacific Northwest, including Nevada, Alaska and Hawaii.

Prior to his role with Distinguished Programs, Madsen worked as a sales executive for Fulcrum Insurance Programs, which specialized in serving the insurance needs of the hospitality, habitational and commercial real estate markets. Fulcrum Insurance was acquired by Distinguished Programs in 2015.

Madsen earned his bachelor’s degree in business management from Washington State University. He is based in Seattle.

About Distinguished Programs

Distinguished Programs is a leading national insurance Program Manager providing specialized insurance programs to brokers and agents with specific expertise in Real Estate, Community Associations, Cultural & Historic Properties and Hospitality & Restaurants. Property and liability products are distributed through a national network of agents and brokers. Serving the same core markets and partnering with the most stable and reputable carriers, Distinguished Programs’ high limit umbrella programs remain the clear choice in its areas of specialty for superior coverage, competitive pricing, and attentive service. Through thoughtful innovation, stemming back to 1987, Distinguished Programs fosters growth and opportunities for its brokers, carriers, and employees. http://www.distinguished.com.

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WindTalker Announces Rich Powers has Joined its CyberSecurity Software Team


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WindTalker’s Cybersecurity platform is a must-have for law firms and legal departments of all sizes.

WindTalker, Inc. today announced that industry veteran Rich Powers has joined the company as Director of Legal Sales. In his new role, Mr. Powers will lead direct sales efforts and support the company’s reseller and Legal Consultant Partner channels. He brings three decades of proven success in the legal vertical, including most recently at Upland Software’s AccuRoute and the International Legal Technology Association (ILTA).

“WindTalker is delighted that Rich is joining our team,” said Doug Martinez, Executive Vice President of WindTalker. “With his experience in the marketplace and his dedication to WindTalker’s unrivaled content security platform, we know he will quickly become a product champion.”

“WindTalker’s Cybersecurity platform is a must-have for law firms and legal departments of all sizes,” said Rich Powers. “The opportunity to help legal professionals protect their sensitive content is one I just could not pass up.”

WindTalker’s unique capability to simultaneously classify, encrypt, redact, and track sensitive content in documents, reduces the need to parse and manage multiple documents to protect sensitive information from unauthorized recipients or unauthorized disclosure. By applying protection inside the document, WindTalker can support multi-level classification and provide access to different audiences, which is the definition of “Differential Sharing,” in each document. Once the data is protected, remains so throughout its entire lifecycle until it is declassified or destroyed.

WindTalker is exhibiting at Legalweek 2019. Visit Booth 3200 to learn more.

About WindTalker, Inc.

WindTalker, Inc. developed the groundbreaking WindTalker cloud-based document security platform for legal, healthcare, military/government, and other organizations that depend on confidential information to be securely shared with third parties. WindTalker’s patented technology provides one central place to manage document, data and content security. The company was founded in 2016 and is based in Cumming, Georgia. For more information, visit WindTaker or follow WindTalker on Twitter @WindTalkerInc or LinkedIn.

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Reputation Risk Management and Insurance Firm Steel City Re Expands Capabilities With Addition of Australian and Swiss Company Data


“Rapidly evolving environmental, social, and governance expectations have materially increased companies’ risk of serious consequences when stakeholders feel disappointed and angry.”

Steel City Re, an innovator in corporate reputation risk management and insurances, has added Australian and Swiss firms to its actuarial database. The 341 Australian firms and 162 Swiss firms boost the weekly global reputation risk surveillance to approximately 7,800 entities. The expanded database will not only enable Steel City Re to underwrite and insure companies in the new markets, but to enhance its capabilities across its portfolio.

“Rapidly evolving environmental, social, and governance expectations have materially increased companies’ risk of serious consequences when stakeholders feel disappointed and angry,” noted Steel City Re CEO Nir Kossovsky. “Our solutions help firms and their leadership avoid that scenario through assessment, underwriting and support for enterprise-wide reputation risk management activities – functions that are becoming increasingly challenging as companies need to satisfy diverse and expanding groups of stakeholders.

Steel City Re released last week a study (https://steelcityre.com/2020/01/29/white-paper-equity-impact/) showing how the severe impacts to stock price can be diminished – during and after a reputational crisis – through strategic preemptive steps that can be taken by governance, finance and risk management executives. Among the relevant findings were that the greater the percentage of intangible assets on companies’ balance sheets, the steeper the declines in stock price when crises occur.

The new Australian firms have an average market capitalization of 4,400 of which 73% is intangible. The new Swiss firms have an average market capitalization of 18,000 of which 62% is intangible.

Steel City Re employs principles of informational and behavioral economics to provide reputation risk management and insurance solutions. It pioneered the field of parametric reputation insurances using synthetic measures of reputational value. Steel City Re is an overseas advisor to the Lloyd’s of London syndicate, Tokio Marine Kiln.

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National Power Hires Chris Hutter as Chief Executive Officer to Lead Bold New Growth Plan


Importantly, he brings a strong set of positive values that align with the company we built – a company’s whose success is based on honesty, integrity, and customer focus.

National Power, LLC is excited to announce Chris Hutter has joined the company as its new Chief Executive Officer. Chris’s industry experience and track record makes him the perfect match to lead the company as it embarks on a bold new growth plan. This plan is bolstered by investments from Valley Ridge Investment Partners, Tecum Capital, and C3 Capital.

National Power’s new growth plan builds on the strong foundation and reputation it has earned providing mission-critical electrical solutions for the cable broadband and telecommunications industries; and backup power, service, and power quality solutions for large commercial and industrial customers. Chris’s background aligns extraordinarily well with National Power’s growing capabilities and customers. He brings broad experience leading and scaling businesses with solutions that improve the reliability and efficiency of customers’ operations, including distributed generation, energy storage, solar, energy efficiency, utility infrastructure, power quality, and microgrids.

Eddie Youngblood, National Power’s Chairman and Founder, said, “We couldn’t be more pleased to have Chris on board. His experience is a great fit, and his passion for growth is energizing. Importantly, he brings a strong set of positive values that align with the company we built – a company whose success is based on honesty, integrity, and customer focus.”

Chris’s strong track record of leadership includes serving as the Chief Operating Officer and Chief Financial Officer of PowerSecure International, Inc. PowerSecure delivered industry-leading 5x growth, reaching over $400 million of revenue, prior to being purchased by Southern Company in 2016. In addition, Chris is on the Board of Directors of Powerside, a leading provider of power quality solutions – where he also served as the Executive Chairman and interim CEO.

About National Power

National Power provides efficiently managed power and network infrastructure solutions for the telecommunications, cable, wireless and broadband industries and other commercial and industrial companies of all sizes. National Power is a national Master Distributor for Eaton Power Quality products and the Industrial Distributor for Generac generators in the Carolinas. National Power utilizes their full range of products and decades of experience to create back-up power solutions that save their clients time and money. Whatever the power needs of their client’s facilities, National Power will customize and implement power solutions, from installation, to parts and routine service, to keep their customers’ critical operations running with Smarter, Nonstop Power. For more information, please visit http://www.natpow.com.

MEDIA CONTACT:

Katherine Horton

National Power, LLC

https://www.natpow.com/

(919)815-1871

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