Monday, October 31, 2011

Growth-minded Marvin's secures $20 million credit facility | Home Channel News

Growth-minded Marvin's secures $20 million credit facility

Leeds, Ala.-based Marvin's Building Materials and Home Centers closed a five-year, $20 million revolving secured credit facility. The financing was provided by Wells Fargo Bank.

“Marvin’s was looking for a financial partner to provide stability and guidance in our banking matters,” said Gregg Denny, Marvin’s CFO. “The Wells Fargo team was very knowledgeable regarding the retail industry and offered Marvin’s an asset-based credit facility, which met our long-term strategic objectives.”

During September, Marvin’s announced a new store in Fayetteville, Tenn., that will be the first of at least two new stores planned for Marvin’s in 2012. It will also be the first new-store format in Tennessee. The company opened two new stores in Monroeville, Ala., in May and a third opened in Eufaula, Ala., on Oct. 14.

Marvin’s is a family-owned business founded in 1945 by Marvin Cohn in Gadsden, Ala. It is now actively operated by Mike and Dan Cohn, the third generation of the family. Marvin's currently operates 27 stores in Alabama, Mississippi and Georgia and was named the 2010 Retailer of the Year by Home Channel News.

Thursday, October 20, 2011

Stock Investors Bid Up Shares of Cumberland Pharmaceuticals, Up 2.6% | FINANCIAL NEWS NETWORK ONLINE

Stock Investors Bid Up Shares of Cumberland Pharmaceuticals, Up 2.6% | FINANCIAL NEWS NETWORK ONLINE

Cumberland Pharmaceuticals Ranks as one of the fastest growing companies in North America.

NASHVILLE, Tenn., Oct. 20, 2011 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX) today announced that it has been placed on Deloitte's 2011 Technology Fast 500 list, an annual ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006 to 2010. Cumberland Pharmaceuticals grew 158% during this period.

"Cumberland Pharmaceuticals, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth against the backdrop of one of the most challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizesCumberland for its remarkable accomplishment."

"We are pleased to honor Cumberland Pharmaceuticals as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services,

Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, Cumberland has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."

Cumberland Pharmaceuticals' Chief Executive Officer, A.J. Kazimi, credits a commitment to providing differentiated products that help improve patient care as the driving force behind the Company's 158% revenue growth. "We are honored to be recognized among the innovative companies that comprise the 2011 Technology Fast 500 list," said Kazimi. "Our ability to deliver consistent revenue growth while providing real solutions for patients is a testament to the dedication and talent of our team. It is extremely rewarding to be honored by Deloitte for the second year in a row."

Monday, October 10, 2011

MCM Technology

MCM and L. Robert Kimball Announce Partnership

AUGUST 10, 2011- L.R. Kimball announced today that they have partnered with MCM Technology, LLC., a leader in public-safety asset management solutions, in a mutually beneficial effort to provide the industry’s first infrastructure mapping and asset management solution for mission critical communications.