Archive for June, 2006
June 30th, 2006 | 
Author: The Business Journal of Phoenix – 7:34 PM MST Thursday
The Ellman Cos. Thursday completed the acquisition of the 2,200-acre Goldfield Preserve property, located just east of Fountain Hills, for $133 million in cash.
The transaction was brokered by Nate Nathan and Dave Mullard of Nathan and Associates. Financing for this transaction was provided by a consortium of Wall Street financial institutions, led by Credit Suisse.
The development company, headed by Steve Ellman, plans to develop Goldfield Preserve into a high-end residential community.
Ellman Cos. also is the developer of Westgate City Center adjacent to Glendale Arena.
For more: www.ellmanco.com.
Posted in 
PRIVATE EQUITY NEWS
EPAC Secures $40M Round of Funding
EPAC will use these funds to deploy its new generation of automation technology that eliminates the set-up and transaction costs that are part of every manufacturing process
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5970
iBloks Secures $3 Million Investment From Maveron LLC
iBloks will use the funding to further develop its application so consumers can expand the way they express themselves with rich digital media using the ultimate personalized entertainment platform
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5971
BIOCRATES Raises EUR 5 Million in Venture Financing
These funds will allow to realize our commercialization goals of our metabolite analysis platform, application software and consumable-based products, and we are delighted to have the MIG corporations join our current investors,” said Dr. Armin Graber, CEO of BIOCRATES
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5969
   SCOTTSDALE, Ariz., June 29 /PRNewswire-FirstCall/ — Star Buffet, Inc.
(Nasdaq: STRZ) today filed a Form 10-Q with the Securities and Exchange
Commission for its first quarter of fiscal 2007 ending May 22, 2006.
Following are the highlights:
   Star Buffet, Inc. had revenues of $18.8 million and net income of
$672,000, or $0.21 per share on a diluted basis of 3,128,230 of shares
outstanding for the sixteen weeks ended May 22, 2006.
   About Star Buffet
   Star Buffet is a multi-concept restaurant operator. As of June 29,
2006, Star Buffet, through its subsidiaries, operates 14 franchised
HomeTown Buffet restaurants, six JB’s restaurants, four K-BOB’s
Restaurants, four BuddyFreddys restaurants, two JJ North’s Country Buffet
restaurants, two Holiday House restaurants and one Casa Bonita Mexican
theme restaurants.
Yvette Armendariz
The Arizona Republic
Jun. 29, 2006 12:00 AM
Polish entrepreneur Thomas Gorny last fall relocated his growing Web-hosting business, IPower Inc., to Phoenix.
Since then, he has added 160 jobs in the Valley and now employs 240 people here.
Gorny, who came to the United States from Germany, landed in Phoenix because he owned real estate here on which he intended to build a data center. As he started adding employees, the center eclipsed his Los Angeles office, which now employs about 40. Read the rest of this entry »
Lesley Wright
The Arizona Republic
Jun. 29, 2006 12:00 AM
SCOTTSDALE – Scottsdale and Arizona State University officials hammered out a deal Wednesday that gives the city a financial break for allowing ASU to build 325 apartments at SkySong, the ASU Scottsdale Innovation Center.
Residents and city officials were caught off guard in May when the ASU Foundation, which is spearheading development of the high-tech center, announced that it planned to build apartments to disguise parking structures. Read the rest of this entry »
PRIVATE EQUITY NEWS
DVDPlay Raises $20 Million in New Financing
DVDPlay kiosks, situated in heavily trafficked locations such as grocery stores, restaurants, convenience stores and apartment complexes, offer consumers a broad selection of new release DVDs in a compact footprint
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5967
Monterey Gourmet Foods, Inc. Announces Closing of $12.5 Million Private Placement Financing
Monterey Gourmet Foods manufactures USDA inspected, fresh gourmet refrigerated food products at its integrated 143,000 square foot corporate headquarters, distribution, and manufacturing facilities in Salinas, (Monterey County) California, its organic food
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5966
Fortune Minerals completes $7.2 million financing
The proceeds raised from this financing will primarily be used to fund work on the Company’s 100% owned Mount Klappan anthracite coal deposits in northwest British Columbia and its 85% owned NICO gold-cobalt-bismuth deposit in the Northwest Territories
http://www.vfinance.com/invest/invest.asp?ToolPage=vcim_detail.asp&id=5968
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   Secure Resolutions Adds Shavlik’s Technology to Its Suite of Managed
                            Security Solutions
   PHOENIX, June 27 /PRNewswire/ — Secure Resolutions, Inc., a leading
global provider of Managed Security solutions for Value Added Resellers
(VARs), and the MSP channel servicing the SMB market, today announced its
partnership with Shavlik Technologies, LLC, a leading global provider of
enterprise security software solutions. Read the rest of this entry »
   PHOENIX, June 27 /PRNewswire/ — FlipChip International, LLC announced
today that it has appointed Jay Grover as Chief Operating Officer for its
semiconductor wafer scale packaging and bumping business in Phoenix,
Arizona. Jay Grover joined FCI in 2005 as its Vice President of Operations
and will be responsible in his new position for FCI’s turn-key Read the rest of this entry »
   ImmuneRegen Product to be Evaluated for Potential Use as a Possible
 Treatment for Influenza and SARS by the National Institute of Allergy and
                           Infectious Diseases
   SCOTTSDALE, Ariz., June 28 /PRNewswire-FirstCall/ — ImmuneRegen
BioSciences, Inc., a wholly owned subsidiary of IR BioSciences Holdings,
Inc. (OTC Bulletin Board: IRBO), today announced an agreement with the
National Institute of Allergy and Infectious Diseases (NIAID), which is a
component of the National Institutes of Health (NIH). The agreement states
that the NIAID will fund and conduct a preclinical anti-microbial
evaluation of ImmuneRegen’s proprietary compound Viprovex(TM) for potential
use as a possible treatment for certain infectious respiratory diseases
including influenza, measles and SARS. Read the rest of this entry »
Bermuda firm may build facility in Valley, averting loss of 400 jobs
Max Jarman
The Arizona Republic
Jun. 28, 2006 12:00 AM
Marvell Technology Group Ltd., a $1.8 billion-a-year computer-chip maker based in Hamilton, Bermuda, plans to open an Arizona location to house the communications and application processor business it is buying from Intel Corp.
Marvell’s decision is good news for the 400 Arizonans who work for the Intel division. They faced being laid off or transferred to a Marvell facility in Santa Clara, Calif., where the cost of living is significantly higher than in the Valley. Read the rest of this entry »
