ColorDynamics Inc. announces President - Chuck Chalifoux Retires
For Immediate Release October 29, 2014
ALLEN, Texas – ColorDynamics Inc., would like to announce that the company’s president, Charles Chalifoux has decided to retire.
“It is both with joy and sadness that we announce the retirement of Charles Chalifoux, President of ColorDynamics, Inc. Joy that he is moving on to enjoy a well-earned retirement, and sadness that we will be losing such a capable leader and friend.
Known affectionately by all as Chuck, he joined the company in 1994 and was immediately tasked with making ColorDynamics one of the premier printers in the southwest. Under his steady leadership this goal was met even as we faced some of the most difficult times in memory for the printing industry. Chuck has been responsible for transforming what began in 1986 as a fledgling printing company into a nationally recognized, highly successful, privately owned printing firm. In 2005 Chuck served as PIA MidAmerica’s Chairman of the Board and Trustee for the Nolan Moore Memorial Education Foundation. In 2013 he received the PIA MidAmerica Visionary Award. As a result of Chuck’s 20-year leadership, ColorDynamics is known throughout the industry for its high quality standards, its dedication to environmental issues, and its culture of loyalty and fairness.
At this time we would also like to welcome our new President, Matthew Coltharp. Matt will be bringing his own proven style, energy, and vision to ColorDynamics. Matt is a results oriented, forward thinking leader with 15 years of print management and executive experience. He served as Group Vice President at Consolidated Graphics, President of Cyril Scott in Lancaster, Ohio and President of Garner Printing in Des Moines, Iowa. A Texas Tech graduate, Matt is happy to be back home in Texas and we are happy to have him here at ColorDynamics.
Chuck will continue with the company through the end of 2014, providing support during the transition period and will continue on in an advisory role.
Please join us in wishing all the very best to Chuck and in welcoming Matt to our team.”
Source: ColorDynamics Inc.
Fred Daubert Joins San Antonio's Universal Bookbindery
Universal Bookbindery, Inc., located in San Antonio, Texas, has announced that Fred Daubert has joined the company as vice president. His primary responsibilities will include both sales and general operations.
Fred Daubert comes to Universal with an extensive background in bindery and commercial print. His prior experience includes 19 years with The Riverside Group, a trade bindery located in Rochester, NY where he served in many roles including President. Daubert also worked for several commercial printing companies in the North East in various production and sales roles.
ColorDynamics Adds HP Indigo 10000 Digital Press
ColorDynamics has purchased an HP Indigo 10000 Digital Press, to support its growing digital print production business and expand its product offerings. The HP Indigo 10000 Digital Press will allow customers to take advantage of the new capabilities made possible by the 20x29-inch format which opens up design opportunities, not previously available by any print service provider in North Texas/Oklahoma/Arkansas. ColorDynamics' installation of the HP Indigo 10000 Digital Press builds upon their existing HP digital print capabilities.
Hewlett-Packard Plans to Break in Two
Hewlett-Packard Co. plans to break in two, separating its personal-computer and printer businesses from its corporate hardware and services operations, according to people familiar with the matter.
The company plans to announce the move as early as Monday October 6, the people said. It is expected to be effected as a tax-free distribution of shares to the company’s stockholders next year, one of the people said.
The move is one H-P and its investors and analysts have long contemplated. It would come amid a wave of breakups and spinoffs at technology companies and in the wider corporate world, underpinned by the idea that companies with a narrower focus perform better. The moves in many cases have been well-received by shareholders—if not actively sought by them.
Wall Street Journal
Western Capital Resources Enters Into Merger Agreement
OMAHA, Neb., Sept. 2, 2014 /PRNewswire/ -- Western Capital Resources, Inc. (OTCQX: WCRS) and BC Alpha Holdings II, LLC, a Delaware limited liability company owning approximately 90% of the ownership interests in AlphaGraphics, a franchise model global leader in marketing and print communications, announced today that they had entered into an Agreement and Plan of Merger and Reorganization (the "Merger Agreement") pursuant to which Western Capital will acquire the business of AlphaGraphics in exchange for its issuance, to the owners of BC Alpha Holdings II, of common stock that will aggregate to approximately 45% of the common stock of Western Capital issued and outstanding immediately after the merger. Western Capital currently operates a cash-advance business with approximately 51 locations in the midwestern United States, and a prepaid wireless phone retail business as a Cricket premium authorized dealer with approximately 58 locations.
"We are excited about the opportunity to combine with AlphaGraphics, diversify our operations and grow our revenues and our business," said Western Capital's CEO, John Quandahl.
The consummation of the merger will be subject to certain customary conditions, but is expected to close as early as September 30, 2014.
About Western Capital Resources, Inc. - Western Capital Resources, Inc., through its subsidiaries, provides retail financial services and retail cellular phones. It offers non-recourse cash advance loans (often referred to as "payday loans"), check cashing, and other money services, as well as money transfers and money orders. In addition, Western Capital Resources operates as a Cricket premium authorized dealer reselling cellular phones and accessories, and accepting service payments from Cricket customers.
About AlphaGraphics, Inc. - AlphaGraphics is a franchisor in a global network of over 260 independently owned and operated business centers, united by the single purpose of driving results for its clients through innovative and effective marketing and printing services.
Source: Western Capital Resources