Dedication to Feeding the World Starts at Home

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RTP, N.C. (January 21, 2011)—BioResource International, Inc. (www.briworldwide.com), a North Carolina agricultural biotechnology company, announces today its continued support of the Inter-Faith Food Shuttle (www.foodshuttle.org) through sponsorship of the 17th Annual Taste of Hope Gala, taking place January 23, 2011. BRI has been a supporter of the organization since 2008.

With a passion for feeding the world healthy sustainable food, BRI focuses on harnessing technology to improve people’s lives and livelihoods every day. To do this, the company develops innovative products that improve poultry and swine nutrition in a cost-efficient manner while reducing the environmental impact of those farm operations.

“Being in the global food production industry, I see how a sustainable food supply improves the well-being of individuals and communities locally and around the world,” says Giles Shih, Ph.D., BRI president. “The practical work that the Inter-Faith Food Shuttle does locally to fight hunger is a natural fit with our passion for helping farmers produce healthy food.”

The Taste of Hope Gala is the annual signature fundraising event that benefits the Inter-Faith Food Shuttle. This six-course gala dinner is made possible by top local chefs who graciously donate their time and talent to create a food experience beyond any available at a single location in the Triangle.

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.

DocuSource Donation Helps Girls on the Run Program

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RTP, N.C. (January 18, 2011) ― DocuSource of NC (www.docusourceofnc.com), a marketing services provider of printing and communication materials as well as Web portals for document storage and ordering, has served as a sponsor of the sixth annual PPD Ho Ho Holiday 5K.

Held on December 4, 2010 in Wilmington, N.C., the race benefited Girls on the Run, a non-profit prevention program that encourages preteen girls to develop self-respect and healthy lifestyles through running.

“Girls on the Run does so much to encourage the well-rounded and positive development of young girls,” says Kathy Murchison, president and CEO of DocuSource of NC. “We are proud to partner with PPD on this fantastic holiday event.”

DocuSource consistently donates its time, services and funds to help improve the quality of life for residents of North Carolina. In addition to its support of Girls on the Run, the company has supported more than 20 organizations, including Be Active North Carolina, Boys and Girls Club of Wake County, Meals on Wheels, SPCA, Tammy Lynn Memorial Foundation, the Women’s Center of Wake County and the Raleigh and Durham Rescue Missions.

About DocuSource of NC, LLC:
DocuSource, a full-service resource for printing and communication materials, has built its success on providing businesses that most important element-visual impression. From customized marketing, training and technical documents; to life-size graphics; to an online document management system, DocuSource delivers communication relevant to each client’s success. Headquartered in Research Triangle Park, N.C., DocuSource is a woman-owned and FSC-certified green printer with a complete fulfillment and distribution operation. The customer care experts at DocuSource offer a customized approach to maximize their clients’ printing needs, adding value and saving time. Using state-of-the-art resources, DocuSource printing experts create tailored solutions including personalized booklets, binders, DVDs, large format color graphics and much more. From start-ups to Fortune 1,000 brands, DocuSource has proven relationships with servicing industries such as health and pharmaceutical, contract research, education and software development. Visit www.docusourceofnc.com or call (919) 459-5900.

HPG Partner Joins SEBIO Board

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RALEIGH, N.C. (January 4, 2011)—Hughes Pittman & Gupton, LLP (www.hpg.com), the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, announces today that firm partner and executive committee member Tim Gupton has joined the board of directors of Southeast BIO (www.sebio.org). SEBIO fosters the growth of the life sciences industry across the Southeastern United States.

Gupton will help drive venture capital investment and industry awareness during his three-year term with SEBIO. As part of his role on the board, he will join Larry Robbins from Wyrick Robbins Yates and Ponton, LLC and Rosina Pavia from Pappas Ventures as joint chairs of the SEBIO investor’s conference. The event will be held November 2-3, 2011 at the Washington-Duke Inn.

“I am looking forward to working with leaders who are dedicated to growing the life science industry in the Southeast,” says Gupton. “The SEBIO conference is a unique opportunity to showcase university, emerging and late stage companies and promote economic development of the Southeast economy.”

In addition to his work with HPG, Gupton is founder and general partner of Research Triangle Ventures, CFO of Colucid Pharmaceuticals Inc. and a NCBIO board member. With more than 35 years of public accounting experience, he has served as the start-up CFO for seven biopharmaceutical companies. Gupton is a retired partner with KPMG, former chairman of CED and co-author of FastTrac Tech, a business plan process sponsored by The Kaufman Foundation.

“Tim and HPG have had a long standing commitment to entrepreneurs and the financial health of the companies they lead,” says Ken Tindall, SEBIO board chair and senior vice president for science and business development at the North Carolina Biotechnology Center. “SEBIO is fortunate to have the experience and insights of such a committed professional join its board.”

HPG has a long history of supporting companies in the bio, pharma and life science industries through its Knowledge Based Industries practice area. In addition to supporting SEBIO, the firm and its members are active with the North Carolina Biotechnology Center, NCBIO and CED.

About Hughes Pittman & Gupton, LLP (HPG): HPG is the largest CPA firm 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.

About SEBIO: Southeast BIO (SEBIO) is a regional nonprofit organization that fosters the growth of the life sciences industry in the Southeastern  United States through efforts that promote entrepreneurship and bring together companies, investors, universities, and support organizations active in the development of the industry. A public/private partnership formed in 1999, SEBIO is committed to conducting activities that create regional leverage and facilitate the common interests and goals of constituents in the life sciences industry. SEBIO’s geographic footprint presently includes Alabama, Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Visit www.sebio.org for more information.

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HPG Helps Bring Millions in Federal Funding to N.C.

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RALEIGH, N.C. (December 17, 2010) — Hughes Pittman & Gupton, LLP (www.hpg.com), the largest CPA firm headquartered and staffed in the Research Triangle Park region of North Carolina, announces today it has assisted 24 North Carolina bio, pharma and life science companies in securing more than $6.3 million in Qualifying Therapeutic Discovery Project grants. The firm assisted four companies in other states securing an additional $2.2 million in grant monies. In total, North Carolina companies received more that $36 million from the Patient Protection and Affordable Care Act program. A list of all North Carolina grant recipients is available at http://www.irs.gov/businesses/small/article/0,,id=229005,00.html.

In March, President Obama signed the Patient Protection and Affordable Care Act into law providing $1 billion in tax credits and grants for qualified therapeutic discovery projects in 2009 and/or 2010, and created a new Internal Revenue Code Section 48D. To apply, qualified investment applications needed to be submitted to the IRS and certified by the Department of Health and Human Services. This included demonstrating the potential to create and sustain high quality, high paying jobs in the U.S. and the advancement of American competitiveness in the fields of life, biological and medical sciences. Along with explanation of the science, detailed financial and economic impact information needed to be included in the application. The final guidelines were made public in May and all applications needed to be complete by July 21, 2010.

“With a small window of time to apply for these credits and grants, we wanted to inform North Carolina businesses about the opportunity and ensure that they completed the application process on time,” says Lance Hardin, senior tax manager for HPG. “We are thrilled with the results.”

To assist North Carolina companies in understanding the opportunity and application requirements, HPG senior tax accountants and advisers hosted an informational meeting attended by more than 40 industry executives in May, before the application process was finalized by DHHS. From this meeting, the firm worked with a total of 28 companies to submit 42 separate applications for funding. HPG assisted 12 clients in preparing 19 applications. The firm also provided support to 16 companies that submitted a total of 23 projects for consideration by answering questions, reviewing applications and providing the necessary economic impact statistics in partnership with the North Carolina Biotechnology Center. Of the 42 projects, 39 received funding, 32 receiving the maximum distribution of $244,479.

“The team at HPG did a great job partnering with us to successfully win the maximum award for all three of our QTDP submissions,” says Rob Middlebrook, CFO/COO of Envoy Therapeutics. “They helped us to repackage our responses in a way that far more effectively addressed all of the criteria requested by the reviewers.”

In total, 4,606 applications from 2,923 biotech and medical research companies across the U.S. were awarded funding. A complete list of recipients may be viewed here.

HPG has a long history of supporting companies in the bio, pharma and life science industries through its Knowledge Based Industries practice area. The firm and its members are active with the North Carolina Biotechnology Center, NCBIO, SEBIO and CED.

About Hughes Pittman & Gupton, LLP (HPG):
HPG is the largest CPA firm 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.

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Brady Provides $2.1 Million in Savings to North Carolina Museum of Art

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GREENSBORO, N.C. (December 10, 2010) — Brady (www.bradyservices.com), a company that provides energy systems and comprehensive building solutions for commercial and industrial facilities across North Carolina, announces today mechanical system improvements to the North Carolina Museum of Art East Building have allowed the Norman Rockwell exhibition to be displayed in Raleigh. The $5 million in upgrades were necessary to control humidity fluctuations to within five percent, which prevents deterioration of paintings and ancient artifacts. The up-fit has already produced $2.1 million in utility and maintenance savings during the past three years, exceeding performance contract projections.

“Without the upgrades to the East  Building, many traveling exhibits, including the American Chronicles: The Art of Norman Rockwell, Monet, and the Egyptian exhibitions, could not come to the state capital,” says Larry Wheeler, director for the North Carolina Museum of Art.

In April, Brady reported the independently audited, annual energy savings to the State of North Carolina. For the third year, actual energy savings have exceeded performance contract projections. The $50,000 per month average savings reflects a 60 percent reduction in utility expenses for the museum.

“We are very pleased with the results,” says Randy Katz, Raleigh general manager of Brady. “Breathing new life into the East Building means that the museum is able to offer North Carolina residents the opportunity to see some of the greatest masterpieces locally.”

This is the state’s first capital improvement project funded by guaranteed energy savings. Facility upgrades to the East Building began in 2005 and were completed in January 2007. The performance contract guarantee is for twelve-year savings totaling more than $6 million in utility and maintenance costs. The project’s success is receiving recognition in the HVAC industry. It has won a regional technology award and is nominated for national honors. 

About Brady: Brady is headquartered in Greensboro, North Carolina with offices in Raleigh, Fayetteville, Wilmington and Charlotte. Founded in 1962 by Chairman Don Brady, the company remains a family owned enterprise, today employing nearly 300 associates. The company works with building owners, facility managers, developers, architects, engineers and contractors providing sustainable, comprehensive building solutions for commercial and industrial facilities. Brady provides customers with a diverse range of solutions including building automation, energy conservation, green design, performance contracts, mechanical systems, parts and supplies, as well as responsible technical support. For more information, visit www.bradyservices.com or call (800) 849-1915.

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