Articulon News and Announcements

TCAR Partners with Triangle Economic Development Agencies

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RALEIGH, N.C. (June 13, 2011) – TCAR (www.TCAR.com), the Triangle Commercial Association of REALTORS®, announces today the integration of its commercial real estate exchange portal, Tacquire, into the websites of two Triangle economic development agencies. Raleigh Economic Development (www.raleigh4you.com) and Wake County Economic Development (www.raleigh-wake.org) now provide website visitors with real-time property and lease data.

“In communicating with business owners that are considering relocation to the area, one of the first things they want to know is what space is available for lease or purchase,” says Jennifer Bosser, assistant executive director for Wake County Economic Development. “With the new capabilities added through Tacquire, accurate and comprehensive listings are available at a moment’s notice.”

Tacquire tracks office, industrial, retail and specialty space available for lease across the Triangle region, as well as buildings and land being marketed for sale. The database is set up to be searchable by location, property type, price range and square footage. To ensure accuracy, Tacquire utilizes researchers to verify and update listings on an ongoing basis.

“Providing the most up-to-date property data is imperative to sustaining growth in our area,” says Kim Brennan, TCAR executive officer. “It’s an honor to have earned the trust of these agencies, and we look forward to building upon these partnerships as the area continues to grow.”

Database improvements have expanded the property listing details to give more information to prospective businesses. These include providing area maps, demographics, a birds-eye view, and a printable flyer.

The new partnerships bring added benefits to Tacquire members as well. With more than 5,215 hits per month at the Raleigh and Wake Economic Development websites, member listings receive increased exposure. This has helped open doors to increased interaction with prospective business owners.

About Triangle Commercial Association of REALTORS®:
The Triangle Commercial Association of REALTORS® (TCAR) is one of 1,800 local associations of REALTORS® nationwide that comprise the National Association of REALTORS®. TCAR is the second largest commercial overlay board in North Carolina with 600 members and is accredited through the REALTORS® Commercial Alliance. The association was established in 1995, but began as a committee of the residential board in 1977. TCAR currently serves a 14 county area, including the Triangle, for real estate practitioners, appraisers, property managers, and other professionals allied with the real estate industry. For more information, visit www.tcar.com.

About Wake County Economic Development Wake County Economic Development (WCED) is the lead economic development agency for Wake County. As such, WCED assists businesses with their relocation and expansion plans, and markets Wake County as one of the best places for business in the United States. WCED is a program of the Greater Raleigh Chamber of Commerce.  For more information, visit www.raleigh-wake.org.

About Raleigh Economic Development The City of Raleigh Economic Development Program is a partnership between the City of Raleigh and the Greater Raleigh Chamber of Commerce. The primary function of Raleigh Economic Development is to support job creation and capital investment in the city of Raleigh. This is accomplished by working with companies, site selection consultants, real estate professionals, and others to provide a wide range of information about the City of Raleigh.  For more information, visit www.raleigh4u.com.

 

HPG Advises 50 Triangle CEOs on Exit Strategies

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RALEIGH, N.C. (May 25, 2011) — Hughes Pittman & Gupton, LLP (www.hpg.com), one of the largest CPA firms headquartered and staffed in the Research Triangle Park region of North Carolina, recently co-hosted a forum titled: Planning and Executing a Successful Liquidity Event. More than 50 Triangle-area CEOs and business leaders attended the four-hour event. Heather Dean, HPG tax partner, and Amy Smith, HPG senior tax manager, were two of the featured speakers at the event, held on May 10 at Umstead Hotel and Spa in Cary,  N.C.

The forum offered insight into proactive planning, including mergers and acquisitions strategies, succession planning to family or management, and valuation and tax considerations.

During the discussion, Dean and Smith highlighted the importance of planning an exit strategy when making initial structure and tax decisions, such as choosing between becoming a C Corporation, S Corporation, or Partnership (LLC).  Likewise, they explained how it is vital to understand the total economics of the deal to consider the difference between the treatment of a taxable versus tax-free transaction, or a stock versus asset acquisition, as well as how the company’s entity type treats the transaction for tax purposes.

“There are very significant tax decisions that can affect a liquidity event,” explained Smith. “These issues can have a huge impact on both owners and employees; therefore, they should be planned for and reviewed regularly during the life of a company.”

Dean and Smith also explained that before agreeing to a sale price for a company, it is imperative to consider the transaction’s structure, as it could affect the ultimate net consideration received. Buyers and sellers typically have differing goals, so the tax impact of differing potential structures should be quantified and considered in the price negotiation process.

“Planning for an exit strategy should begin at the birth of the entity and develop throughout the company’s life cycle. It is very rewarding for us to work with companies from the beginning stages of structuring, both domestically and internationally, all the way through to a successful exit.”  Dean added.

About Hughes Pittman & Gupton, LLP (HPG): HPG is one of the largest CPA firms headquartered and staffed in the Research Triangle Park region of North Carolina, as ranked by the Triangle Business Journal. More than just an accounting firm, HPG assists clients in looking beyond the bottom linesm by being the right people, right value and right firm to achieve each client’s definition of success. HPG is a member of CPAmerica International and affiliated with the Crowe Horwath International alliances of firms, with offices worldwide. The firm leverages this to provide national and global accounting resources to its clients. HPG offers a wide array of business accounting, auditing, corporate tax and management advisory services. Specialties include serving owner-managed, investor-backed technology and life science organizations, healthcare services, real estate development, manufacturing and distribution businesses, as well as providing ERISA audits, family wealthcare services and Sarbanes-Oxley internal audit services.

HPG has remained committed to advancing a thriving Triangle community since its founding in 1983. In recognition, the firm is the recipient of two Pinnacle Business Awards by the Greater Raleigh Chamber of Commerce; the 2009 Large Entrepreneurial Business Award and the 2010 Integrity in Business Award. Additionally, HPG has been certified Green Plus by the Institute for Sustainable Development for integrating environmental sustainability efforts into company culture, and has been named one of the top 100 Best Accounting Firms to Work For in the country by Accounting Today. Visit www.hpg.com or follow HPG on Twitter at http://twitter.com/HPGcpas.

 

BRI Supports Local Charity Concert Organized by Band Together NC

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RTP, N.C. (May 6, 2011)—BioResource International, Inc. (www.briworldwide.com), a North Carolina agricultural biotechnology company, announces today its support of the May 7 charity concert by Band Together NC(www.bandtogethernc.org). The Triangle-based nonprofit raises funds and awareness for local charities through music. BRI and its executives have been sponsors and supported Band Together since the first concert in 2001.

“We are honored to have the chance to give back to the community by sponsoring this Band Together event that helps raise funds for and build awareness of local charities,” says Giles Shih, Ph.D., BRI CEO. “We are especially excited that this year’s concert will benefit Alliance Medical Ministries, a local organization that is making a real difference in peoples’ lives in the Triangle area.”

Hans Huang, BRI general counsel, is a founding member of Band Together and has served on its board of directors. Other BRI team members have volunteered with the organization in event planning and organization.

Support of Band Together is consistent with BRI’s dedication to building healthy, sustainable communities. The company harnesses technology to improve people’s lives and livelihoods by developing innovative agricultural products that are cost-efficient and reduce the environmental impact of farming operations. Band Together harnesses the musical talent and resources of the community to support a healthy and sustainable Triangle. Run by volunteers, the organization has raised more than $1 million to address area needs including feeding the hungry and providing for the health and safety of children.

In its 10th year, the fundraising concert will feature headliner Third Eye Blind as well as regional bands Dillon Fence, U.S. Royalty and Lonnie Walker. Ticket holders can also enjoy a late-night show featuring I Was Totally Destroying It. This year’s event will benefit Alliance Medical Ministry, a faith-led nonprofit organization dedicated to providing affordable healthcare to the working uninsured in Wake County.

About BioResource International, Inc.:
BRI is an RTP-based biotechnology company focused on harnessing the natural power of enzymes. Through the discovery and development of innovative animal feed enzymes, BRI hopes to create a future for animal agriculture that is both economically and environmentally sustainable from farm to fork. Founded by father and son team Jason and Giles Shih, BRI has developed two products, Versazyme® and Valkerase®, that are distributed to more than 80 countries worldwide. BRI continues to research science-based solutions to aid
growing agricultural and industrial markets around the world. For more information, visit www.briworldwide.com.

BRI Recognized for Steady Growth and Profitability

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RTP, N.C. (May 4, 2011)—The Greater Raleigh Chamber of Commerce has recognized BioResource International, Inc. (www.briworldwide.com) with a 2011 Pinnacle Business Award for steady growth and profitability. The North Carolina agricultural biotechnology company has successfully grown from a technology start-up into a profitable global business enterprise. This award follows the recognition of BRI with the 2010 Triangle Business Journal Fast 50 Award as one of the 10 fastest-growing businesses in the Triangle.

“The Chamber’s acknowledgement of BRI’s recent growth and profitability is a great honor and is a real testament to the persistence and hard work of our team in the Triangle, as well as the strong ties with our production and distribution partners around the world,” says Giles Shih, Ph.D., BRI co-founder and CEO. “We are really proud of what we have accomplished so far and believe the best is yet to come for our company.”

Nearly 400 of the Triangle’s top executives and business professionals were in attendance as BRI was honored during the 27th annual awards ceremony at the Raleigh Convention Center on May 3. Pinnacle Business Award winners are selected by an independent group of judges based on sustained growth, innovation and community involvement.

BRI is the developer and producer of the patented enzyme products Versazyme® and Valkerase®, that are distributed to more than 80 countries worldwide. BRI continues to research science-based solutions to aid growing agricultural and industrial markets around the world. For more information, visit www.briworldwide.com.

Articulon Sponsors TCAR Commercial Classic

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RALEIGH, N.C. (April 29, 2011) – Brand and public relations firm Articulon (www.articulon.com) announces today sponsorship of the Triangle Commercial Association of REALTORS® (www.tcar.com) 2011 Commercial Classic golf tournament. The 16th annual event will be held on Monday, May 2, 2011 at Hasentree Golf Course (www.hasentree.com) in Wake Forest, N.C.

“Our sponsors have been a driving force in making the Commercial Classic such an amazing golfing event,” says Kim Brennan, TCAR executive officer. “We couldn’t sustain the success for 16 years without their support.”

The Hasentree course was created by Tom Fazio, one of the game’s greatest architects. The tournament has a shot-gun start of 11 a.m. Registration is $75 and ends on April 29.

Articulon worked with TCAR on the product naming, identity and tagline development of the area’s first Commercial Information Exchange – Tacquire. In addition to the association, the real estate community across Central and Eastern North Carolina regularly turns to Articulon to increase market visibility and recognition. Brand development, web design and public relations work has been completed for Barton Development Group, Capital Associates, Falls River Town Center, Ridgewood Shopping Center, Stockett Homes, The Residences at Quorum Center, and Vanguard Property Group.

About Articulon:
Articulon works with its clients to define and communicate brand value, and to tell their stories to build stronger relationships with customers, employees and the community. With a commitment to responsiveness and creativity, Articulon marries its marketing strategies to business objectives to achieve measurable results. Articulon works with clients to increase visibility in six vertical markets: Professional & Financial Services, Real Estate, Health & Wellness, Cause & Sport, Retail and Technology. Articulon’s client list includes emerging brands and Fortune 500 companies such as Brady Trane, Geami, BioResource International, Panera Bread, Saks Fifth Avenue, The American Kennel Club, The Better Business Bureau serving Eastern North Carolina, and Hughes Pittman & Gupton. Visitwww.articulon.com.

About Triangle Commercial Association of REALTORS®: 
The Triangle Commercial Association of REALTORS® (TCAR) is one of 1,800 local associations of REALTORS® nationwide that comprise the National Association of REALTORS®. TCAR is the second largest commercial overlay board in North Carolina with 600 members and is accredited through the REALTORS® Commercial Alliance. The association was established in 1995, but began as a committee of the residential board in 1977. TCAR currently serves a 14 county area, including the Triangle, for real estate practitioners, appraisers, property managers, and other professionals allied with the real estate industry. For more information, visit www.tcar.com.