Business

New York business news, including small to medium business, large corporations, public companies, start-ups, financial news, and related business topic from New York Netwire.

PDC CEO Emilio N. Francisco Announces $45 Million Capital Raise for Clear Currents

COSTA MESA, Calif., Feb. 20, 2015 (SEND2PRESS NEWSWIRE) -- Emilio N. Francisco, Chairman and Chief Executive Officer of private equity firm PDC Capital Group, announced that PDC is raising $45 million in EB-5 immigrant investor funds to assist biodegradable organic chemical products firm Clear Currents, Inc.

IDS Promotes Mark Mackey to CEO of Mortgage Doc Prep Firm

SALT LAKE CITY, Utah, Feb. 10, 2015 (SEND2PRESS NEWSWIRE) -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced it has promoted former Executive Vice President Mark Mackey to chief executive officer.

Proto Plastics of Tipp City Announces New Website – Better form, function and ease of use

TIPP CITY, Ohio, Jan. 26, 2015 (SEND2PRESS NEWSWIRE) -- Proto Plastics of Tipp City today announced the roll-out of their new website. Proto Plastics has been in the business of custom plastic injection molding and design since 1969, and their philosophy is simple.

AMA Acquisitions is seeking to buy operating companies with annual revenues between 1M to 10M

NEW YORK, N.Y., Jan. 13, 2015 (SEND2PRESS NEWSWIRE) -- AMA Acquisitions is a private equity firm in New York State that has a credit facility in place to make acquisitions of companies in manufacturing, distributing and other major industries through debt and equity financing.

Titan Lenders Corp. Closes General Fulfillment Division, Exiting Retail Support in Favor of Investors

DENVER, Colo., Dec. 30, 2014 (SEND2PRESS NEWSWIRE) -- Mortgage fulfillment outsource services expert Titan Lenders Corp. (Titan) announced it will exit its retail general fulfillment service offering, which includes contract underwriting, closing, funding and post-closing for retail mortgage lenders, effective Jan. 31.

North Capital Investment Technology Closes $1 Million Seed Funding Round

SALT LAKE CITY, Utah, Dec. 3, 2014 (SEND2PRESS NEWSWIRE) -- North Capital Investment Technology has closed its seed funding round of $1 million, attracting support from major institutional investors including JFO, Karlani Capital and Green Visor Capital.

Mid America Mortgage to Integrate Affinity Lending Solutions

ADDISON, Texas, Dec. 3, 2014 (SEND2PRESS NEWSWIRE) -- Mid America Mortgage, Inc. (Mid America) owner and Chief Executive Officer Jeff Bode, and Houston-based Affinity Lending Solutions, LLC (Affinity), president and Chief Executive Officer Scott R. Valby, today announced their intention to integrate Affinity's production operations and branch network into Mid America's mortgage platform.

Pennsylvania Dog Trainer Christine Pazdalski Dispels Traditional Dog Training Techniques

PHOENIXVILLE, Pa., Dec. 1, 2014 (SEND2PRESS NEWSWIRE) -- You can teach an old dog new tricks (as well as their owners), according to Christine Pazdalski, owner of Puppy Love, LLC. She says that while most people are familiar with conventional dog training doctrine, it does not have to be the only dogma out there.

MorVest Capital Completes New Mortgage Servicing Rights (MSR) Credit Facility, Adding to its Market Leading Total

DALLAS, Texas, Nov. 19, 2014 (SEND2PRESS NEWSWIRE) -- MorVest Capital, in concert with its funding partner Customers Bank (NASDAQ: CUBI), today announced that this week it has closed another mortgage servicing rights (MSR) credit facility for a Virginia company, adding to its growing tally. MorVest Capital, LLC is a boutique investment firm primarily focused on providing capital and strategic solutions to the mortgage banking and residential finance industry.

Miller Recycling Corporation Touts Benefits of Recycling on America Recycles Day

MANSFIELD, Mass., Nov. 14, 2014 (SEND2PRESS NEWSWIRE) -- Miller Recycling Corporation celebrates America Recycles Day today by applauding all individuals who make a strong effort to recycle as part of daily life, and encouraging all to learn more about recycling and the industry. America Recycles Day, started in 1997, takes place every November 15 in a nationwide effort to promote and celebrate recycling in the U.S.

CLORALEN, Ensueno, Pinalen and Pinol donated $25,000 to help find a cure for childhood cancer

HOUSTON, Texas, Nov. 12, 2014 (SEND2PRESS NEWSWIRE) -- For the second consecutive year, AlEn USA joins forces with Curing Children's Cancer Fund and donates $25,000 to provide financial support for some of the country's leading pediatric cancer researchers.

Earth Mama Top Secret – ‘A Marijuana Inspired Vodka’

CHICAGO, Ill., Nov. 12, 2014 (SEND2PRESS NEWSWIRE) -- Earth Mama Vodka LLC today announced that Earth Mama(TM) Top Secret Vodka is coming to stores near everybody. Earth Mama Top Secret Vodka, which is 'A Marijuana Inspired Vodka' is the most radical, incredible, life altering super spirit brand to ever appear. Earth Mama Top Secret is a true super-premium vodka that has the real taste and smell of - you guessed it - pot! (Product contains no marijuana.)

James Allen to Collaborate with Sears in Redefining Omni-Channel Bridal Jewelry

NEW YORK, N.Y., Nov. 10, 2014 (SEND2PRESS NEWSWIRE) -- James Allen, a leading engagement ring and certified loose diamond retailer, announced today that it is working with Sears to provide an exclusive and innovative in-store shopping experience at 16 Sears locations throughout New York, Maryland and Puerto Rico.

Bank of Southern California Acquires Frontier Bank, FSB dba El Paseo Bank

PALM DESERT, Calif., Nov. 7, 2014 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTC Markets FBBN / OTCMKTS:FBBN) announced today that it purchased substantially all the assets and liabilities of Frontier Bank, FSB dba El Paseo Bank through a purchase and assumption agreement with the FDIC.

EPIC adds Sharon Rusconi as Vice President and Regional Surety Executive

SAN FRANCISCO, Calif., Nov. 5, 2014 (SEND2PRESS NEWSWIRE) -- EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today that surety executive Sharon Rusconi and her team have joined the firm in Sacramento, Calif. Rusconi's book of business and other assets were purchased by EPIC from Lesron Insurance Agency, Inc.

The Compliance Group Taps Mortgage Quality Control, Operations Expert Jeremy Burcham as Chief Strategy Officer

CARLSBAD, Calif., Oct. 20, 2014 (SEND2PRESS NEWSWIRE) -- Leading mortgage compliance services provider The Compliance Group, Inc. (TCG) announced it has hired Jeremy Burcham as Chief Strategy Officer. Bringing nearly 14 years of quality control and operations experience, Burcham will be responsible for formulating, facilitating and communicating TCG's plans for the future. Burcham will also be working closely on product development and serving as a subject matter expert for sales and new technology initiatives.

Mark Gustafson Joins Bank of Southern California

PALM DESERT, Calif., Oct. 16, 2014 (SEND2PRESS NEWSWIRE) -- Bank of Southern California, N.A. (OTCMKTS:FBBN) today announced that seasoned community banker, Mark Gustafson has been appointed to lead the bank's Coachella Valley region. Mr. Gustafson most recently served as Market President for First California Bank which was sold and merged into Pacific Western Bank. He also served as President and CEO of Canyon National Bank, Ogden BancShares, Inc.

OpenClose Reports Banner Year, Adds Staff to Handle Increasing Demand for its End-to-End LOS Platform and Correspondent and Wholesale Solutions

WEST PALM BEACH, Fla., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) -- OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it is adding technical staff to effectively manage a growing demand for its browser-based LOS platform, LenderAssist(TM), and accompanying solutions. Amid a down market, OpenClose is having its best revenue growth year in company history.

IDS Mortgage Document Volume Indicates Spike in HELOCs in 2014

SALT LAKE CITY, Utah, Oct. 2, 2014 (SEND2PRESS NEWSWIRE) -- According to document volume data from mortgage document preparation vendor International Document Services, Inc. (IDS), home equity lines of credit (HELOCs) have increased significantly among IDS customers in 2014.

National Law Journal Names Weitz and Luxenberg to ‘Elite Trial Lawyers’ List, Reveals 2 Keys to Firm’s $9-Billion Actos Verdict

NEW YORK, N.Y., Oct. 1, 2014 (SEND2PRESS NEWSWIRE) -- Two keys that earlier this year led to a $9-billion courtroom victory by Weitz and Luxenberg, P.C., against the maker of the diabetes drug Actos, were revealed Monday when National Law Journal named the New York City-based personal injury firm to its debut list of 'America's Elite Trial Lawyers.'

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