Column: Effort launched to make metro Atlanta a ‘welcoming region’

As published in the Atlanta Business Chronicle on Feb. 2, 2018

The national nonprofit Welcoming Americawould like for metro Atlanta to become a “welcoming region,” one that would embrace people of all races and ethnicities.

The nonprofit, which is based in Decatur, so far has reached agreements with 103 cities around the country that are now welcoming cities, including five in our region: Atlanta, Brookhaven, Clarkston, Decatur and Norcross.

“We want to be the first welcoming region in the country,” said David Lubell, the founder and executive director of Welcoming America. “We are moving forward with the One Region Initiative – trying to bring cities and counties together.”

Welcoming America’s David Lubell with Atlanta’s Michelle Maziar, Brookhaven Mayor John Ernst, Norcross Mayor Craig Newton, Decatur Mayor Patti Garrett and Brookhaven Councilmember Joe Ebbia (Photo by Maria Saporta)

Lubell declared that goal at the first-ever “State of Latinos” conference held Jan. 29 at the Hyatt Regency Atlanta and sponsored by the Latin American Association.

Lubell moderated a panel that included Decatur Mayor Patti Garrett, Brookhaven Mayor John Ernstand Norcross Mayor Craig Newtonas well as Michelle Maziar, director of the city of Atlanta’s “Welcoming Atlanta” initiative — all welcoming cities.

But now Lubell said the organization is beginning conversations with counties as well as other cities — and he’s convinced those designations will improve the region’s economy.

“We can do it,” Lubell said of metro Atlanta becoming a welcoming region. “From an economic development standpoint, it makes a lot of sense. Amazon wants to move to a region that no matter where their employees are from, they will feel welcomed and included all over the metro Atlanta region.”

The Community Foundation for Greater Atlanta has provided financial support for the initiative, and it is working with other regional entities on the “One Region” initiative.

Welcoming America has hired Jordyne Krumroy, Atlanta regional manager for the initiative, to help bring the coalition together.

Krumroy said a 50-member bipartisan Steering Committee is being formed with a variety of stakeholders — elected officials, nonprofit directors, police, business owners, chambers of commerce, consulates, university representatives, lawyers etc. — from across the region.

The committee, scheduled to meet for the first time on March 1, will spend the next four months to work on a plan to turn metro Atlanta into a more welcoming region. The regional plan will be released in August, and then there will be a targeted effort to get more municipalities and counties to sign on and develop programs to serve their immigrant populations.

Georgia ACT’s new leader

The nonprofit Georgia Advancing Communities Together has named Bambie Hayes-Brown as its new president and CEO.

Bambie Hayes-Brown

Hayes-Brown, a native of Cordele, Ga., comes to Georgia ACT after having served as executive director for the Crisp Area Habitat for Humanity Inc., in which she increased mortgage collections by 63 percent and implemented the first Brush with Kindness Home Preservation Program and the first home-build in Dooly County.
Georgia ACT is a statewide membership organization with the mission to build and support a statewide network of trained professionals engaged in housing and community development serving families with limited housing choice. Georgia ACT is an advocate for affordable housing and works to increase the capacity of nonprofit housing and community development organizations.

Rainbow Village names new CEO

Melanie Connerhas joined the Duluth-based nonprofit Rainbow Village as its new CEO.

Melanie Conner

Conner was the former housing coordinator for Gov. Nathan Deal’s Office of Transition, Support and Reentry. Rainbow Village, founded in 1991, is dedicated to breaking the cycles of homelessness, poverty and domestic violence among families with children.

Conner is succeeding Rev. Nancy Yancey, who announced last June that she would be retiring from the organization at the end of 2017 after spending 24 years in the role.

“God’s been working in both of our lives to put us in this place,” Yancey said in a statement. “Melanie is a perfect fit, and I could not be happier. No one wants her to be more successful than I do. I want to be remembered as the second best CEO.”

Conner has had a colorful career that also included eight years at the Coca-Cola Co., a journalism degree from Georgia State University, a Master of Divinity in Christian Education from the Interdenominational Theological Center and a Master of Nonprofit Management and Leadership from Capella University.

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Additional Information About 5841 Castle Ct, Norcross, GA 30093

5841 Castle Ct, Norcross, GA 30093
5841 Castle Ct, Norcross, GA 30093
Bedrooms Upper: 3
Baths Full Upper: 2
Breakfast Room
Fenced Yard Garden Area Porch Screen Porch Workshop Lot Size: 1/3 – 1/2 Acre

*School data provided by National Center for Education Statistics, Pitney Bowes, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Year Taxes Land Additions Total Assessment 2017 Price Not Available $12,000 + $48,840 = $60,840 2016 $1,616 $10,400 + $38,480 = $48,880 2015 $1,458 $8,000 + $33,040 = $41,040

The price and tax history data displayed is obtained from public records and/or MLS feeds from the local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.

5841 Castle Ct, Norcross, GA 30093
5841 Castle Ct, Norcross, GA 30093
Upper Bedrooms: 3
Baths Full: 2
Dining Room Desc: Separate Dng Rm
Fenced Yard Front Porch Garden Area Patio Lot Dimensions: .49 ACRES W/LAKEVIEW Approximate Lot Size: 1/3 to 1/2 Acre

*School data provided by National Center for Education Statistics, Pitney Bowes, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Year Taxes Land Additions Total Assessment 2017 Price Not Available $12,000 + $48,840 = $60,840 2016 $1,616 $10,400 + $38,480 = $48,880 2015 $1,458 $8,000 + $33,040 = $41,040

The price and tax history data displayed is obtained from public records and/or MLS feeds from the local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.

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Immucor Announces FDA Clearance for Echo Lumena(TM); Next Generation, Fully Automated Instrument Powers Smaller to Mid-Volume Labs

NORCROSS, Ga., April 30, 2018 (GLOBE NEWSWIRE) — Immucor, Inc., a global leader in transfusion and transplantation diagnostics, today announced that its next generation, fully automated Echo® instrument, Echo LumenaTM, has received FDA clearance in the United States to best match donor-patient blood. Echo Lumena, designed for the small to mid-volume laboratory segment, is Immucor’s fifth generation immunohematology instrument and brings brilliant performance and clearer test results with the smallest benchtop footprint and the fastest type and screen turnaround time on the global market.

Together with its fully automated sibling, NEO® (currently available in the US for larger volume testing settings), Echo Lumena and NEO offer a total standardized workflow solution for any laboratory. When combined with our innovative data management solution, ImmuLINK, laboratories are able to combine serology and molecular immunohematology results into one view, greatly improving a laboratory’s productivity. “Whether conducting five or 500 type and screens per day, every lab shares a critical goal to accurately pinpoint the best possible compatible blood match for anyone that needs it, when and where they need it. When our automation solution is combined with the sensitivity of Capture® technology to identify antibodies sooner than alternative technologies, it truly means laboratorians can be confident in the results they are producing for physicians and their patients,” said Keith Chaitoff, Immucor’s Chief Marketing Officer.

Christie Otis, Senior Transfusion Franchise Director, said “Immucor has been innovating transfusion medicine for more than 30 years. We are excited to build on the international success of the Echo Lumena launch by bringing our latest innovation to the vast number of US laboratories that will benefit from the accuracy, flexibility and performance available in the newest generation of blood bank automation.”

Echo Lumena builds on Immucor’s heritage of blood banking automation leadership and proven Capture® technology. The Echo family has been helping small to mid-sized laboratories automate high quality transfusion medicine since 2007 and has a footprint of more than 1,500 placements worldwide. New capabilities for the improved Echo Lumena system include:

[Accuracy]Complementing highly sensitive Capture technology, the Echo Lumena’s enhanced reader module provides clearer, real-time results and easy on-screen verification. Hardware and software upgrades also power assay algorithm modifications that improve performance;[Flexibility] More process and reagent controls represent best-in-class technology to maximize safety and security with market-leading specificity and sensitivity. Plus load STAT samples at all times;[Performance] Improved software functionalities including an updated Microsoft Operating System and security updates.

Built-in Integration for Data Management and Support
Echo Lumena and all Immucor transfusion solutions integrate with the Company’s comprehensive data management software solution, ImmuLINK®, to aggregate all serology and molecular test results, generating a single report with a complete donor or patient testing history. Echo Lumena also includes a bi-directional interface with blud_directSM, Immucor’s 24/7 remote diagnostics and instrument support solution.

Echo Lumena is part of Immucor’s commitment to immunohematology automation. Immucor’s innovative technologies provide high-quality, high-performance and scalable solutions to meet the operational needs of blood banks, donor centers and labs, regardless of size or volume. Immucor’s total solution extends beyond instrumentation to include serology, molecular and platelet specialty products. Echo Lumena along with the next generation of our high volume NEO instrument, the NEO Iris™, are both CE marked for use in Europe. Clinical trials for NEO Iris are in progress in the United States.

Request a Demonstration
To schedule a demonstration of Echo Lumena, NEO or any Immucor solution, Immucor clients may contact their Blood Bank Business Manager or call us at 855.IMMUCOR (855.466.8267). For more information about Immucor products or to learn the regulatory status of our products in your country, please contact your local Immucor representative or visit www.immucor.com.

About Immucor
Founded in 1982, Immucor is a global leader in transfusion and transplantation diagnostics that facilitate patient-donor compatibility. Our mission is to ensure that patients in need of blood, organs or stem cells get the right match that is safe, accessible and affordable. With the right match, we can transform a life together. For more information on Immucor, visit www.immucor.com.

Michele Howard – 770.441.2051

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Atlanta Eldercare Entrepreneur Tapped as New Chair of DC-Based Senior Care Pharmacy Coalition (SCPC) – Atlanta Business Chronicle

WASHINGTON, April 18, 2018 /PRNewswire-USNewswire/ — Fred Burke, a Co-founder and President/CEO of Atlanta, GA-based Guardian Pharmacy Services has been tapped to serve as the new Chairman of the Senior Care Pharmacy Coalition (SCPC), the Washington D.C.-based advocacy organization announced today. SCPC, founded in 2014, is the only Washington-based organization exclusively representing the interests of independent long-term care (LTC) pharmacies and the patients they serve.

Burke is a Co-Founder of SCPC and previously served as Treasurer and Vice-Chairman. He is the organization’s third Chairman — succeeding Phil Fogg, Jr., Chairman and CEO of Milwaukie, OR-based Marquis Companies and Consonus Health Care, and founding Chairman Michael G. Bronfein.

Joining Burke on the SCPC Executive Committee are Vice-Chair Robert Warnock, Senior VP of Pharmacy Services at PruittHealth Inc. in Norcross, GA; Treasurer Jeffrey Stamps, President and CEO of Remedi Senior Care in Towson, MD; Secretary David R. Lewis, President of Consonus Healthcare in Milwaukie, OR.

"Since our founding in 2014, Fred Burke has been pivotal in helping SCPC to quickly become an effective, trusted, research-oriented advocacy voice in Washington for LTC pharmacies and the vulnerable patients we serve," said Alan G. Rosenbloom, President and CEO of SCPC. "Fred’s knowledge of pharmacy operations, and seniors’ growing needs in this regard, has resulted in Guardian’s rapid expansion in the Southeast and beyond — and his expertise will significantly benefit SCPC as we continue to grow," Rosenbloom continued.

Rosenbloom said Burke’s leadership and guidance in the federal advocacy arena has helped SCPC grow significantly over the past two years, and that the group now represents LTC pharmacies that serve 45 percent of all patients in skilled nursing and assisted living facilities – or about 750,000 patients daily across the nation. These figures are up from 20 percent of all LTC pharmacies and roughly 375,000 patients just two years ago.

"I’m honored to serve as Chairman of the SCPC, and our growing success in helping to formulate and weigh-in on federal legislative and regulatory issues important to LTC pharmacies and our patients reflects the fact our bipartisan approach to policy and problem-solving works," Burke said. "Our ongoing focus defining PBM abuses, helping Congress control opioid abuse, and working towards establishing a federal definition of LTC pharmacy is vitally important to our members, our patients and the broader long term care and assisted living communities."

Burke and Rosenbloom praised outgoing Chairman Phil Fogg for his leadership in helping SCPC to establish a proprietary data warehouse specific to the LTC pharmacy sector to help drive policy and communications work through the lens of credible third-party research. Prior to Fogg’s objective of establishing a data warehouse in 2017, there were no independent, publicly available sources of data concerning Medicare Part D, LTC pharmacy economics or LTC pharmacy quality.

Prior to forming Guardian in 2004, Burke was Co-Founder and President of two start-up companies in Atlanta, which were each named to the Inc. 500 list of the fastest growing companies in the U.S.: Central Pharmacy Services, Inc. founded in 1992, which was acquired by Cardinal Health in 2001; and Sales Technologies, Inc., founded in 1983 and acquired by Dun & Bradstreet Corporation in 1989. Before his entrepreneurial career, Burke served as a brand manager at Procter & Gamble and a consultant and engagement manager at McKinsey & Company.

Burke served as an Officer in the U.S. Air Force, leading a combat communications unit, and received a B.S., Engineering from Mississippi State University, and an M.S, Industrial Administration from the Krannert School of Management at Purdue University.

The Senior Care Pharmacy Coalition (SCPC) is the only national organization exclusively representing the interests of LTC pharmacies. Its members operate in all 50 states and serve 750,000 patients daily in skilled nursing and assisted living facilities across the country. Visit seniorcarepharmacies.org to learn more.

View original content:http://www.prnewswire.com/news-releases/atlanta-eldercare-entrepreneur-tapped-as-new-chair-of-dc-based-senior-care-pharmacy-coalition-scpc-300632301.html

SOURCE Senior Care Pharmacy Coalition

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Young Truck Sales a finalist for national award

Craig Young, third generation owner of Young Truck Sales, was a finalist for the 2018 Truck Dealer of the Year award presented by the National Automobile Dealers Association.

CANTON TWP. Business performance and community service landed Craig Young and Young Truck Sales among the seven finalists for the 2018 Truck Dealer of the Year award presented by the American Truck Dealers, a division of the National Automobile Dealers Association.

It marked the third time the dealership has been a finalist in the competition. More than 2,300 around the country were nominated.

Young, who took the company helm in 1996, said he was excited and humbled to be nominated for the award from among “the thousands of truck dealers across the country.” The Ohio Automobile Dealers Association nominated Young. The company also was nominated in 2003 and 2011.

Rick Reynolds, president of Peach State Truck Centers in Norcross, Ga., won the award, which is sponsored by ATD, Heavy Duty Trucking magazine, and Procede Software.

Craig Young represents the third generation to lead Young Truck Sales. Herb Young started the business in 1954 and his sons, Richard and Robert, followed him into the business. Craig joined the business after graduating college in 1978 and ran it with his cousin Bob Young, who now is retired. Now the fourth generation — Craig’s son Zach and son-in-law Justin Candea and Bob’s sons Ryan and Adam — are involved with the company.

“We’ve got a good base in place to help them continue going on a good path,” Craig Young said.

The company has sales, service and parts dealerships at 2230 Shepler Church Ave. SW and 4970 Southway St. SW in Perry Township and represents the Volvo, Freightliner and Isuzu truck lines. There also is a leasing company and body shop. The business has 154 employees.

Away from the office, Young has served as president for Canton Rotary and is a board member with Habitat for Humanity. Both organizations provide service locally and internationally, he said.

Young said his father brought him into Rotary and he remained active, working several years with the group’s student exchange program. He has served in several officer positions over the last three years, including president last year.

Meeting and getting to know families who spend 18 to 24 months working in the Habitat program to get a house is gratifying and shows how much good there is in people, Young said. “It helps people to grow,” he said.

Young also has helped with Meals on Wheels in Stark and Wayne counties and Refuge of Hope.

In the trucking industry, Young has been president of the Ohio Truck Dealers Association (a division of the Ohio Automobile Dealers Association), president of the Stark County Automobile Dealers Association, and a member of the Greater Cleveland Automobile Dealers Association. He has received Freightliner’s Aspire and Summit awards, which rank dealerships for customer service.

Timber kits featured at Hartville Hardware expo

Pioneer’s Pride do-it-yourself kits for building timber-frame structures will be part of the Hartville Hardware Home & Garden Expo this Saturday.

The expo features one-day savings throughout the store, prize drawings, more than 35 vendor demonstrations and a live broadcast of nationally syndicated radio program “At Home with Gary Sullivan.”

Pioneer’s Pride, based on Swamp Street NE in Marlboro Township, offers kits and products that include a pavilion, a pergola, a mini-barn, sandbox, doghouse, mailbox and mailbox post. Todd Schlabach, president of Pioneer’s Pride, said the kits are designed to be assembled in one afternoon.

The kits feature hemlock beams constructed with mortise and tenon joints secured by wooden pegs, which allows the kits to be assemble using simple tools, such as a wooden mallet.

Mall programming plans

Belden Village Mall hopes to increase community interaction with the launch of a program called Live 360 Degrees.

The year-round program begins this weekend with Red Cross Preparedness Day. The American Red Cross and Dominion East Ohio present the program, which has the goal of helping participants become “Red Cross ready” in the event of a disaster. Mall guests will receive a safety backpack filed with emergency supplies if they complete a pre-test and post-test to determine how prepared they are. The program runs from 10 a.m. to 2 p.m. on Saturday.

Live 360 Degrees is a program developed by Starwood Retail Partners, owners of Belden Village Mall. The program was selected by Chain Store Age magazine as one of the best retail center experiences in the United States. Starwood said in a news release announcing the program that it realizes that Belden Village Mall, as a mixed use center, “belongs — first and foremost — to its community.”

The program, mall officials said, is geared toward fun, multi-generational events. Future plans include farmers markets, cooking and fitness classes, book clubs, dance parties and a collaborations with non-profit groups. For more details, visit www.shoppingbeldenvillagemall.com/live360/.

Dealership helps area charities

Employees at Progressive Auto Group raised $44,500 in 2017 and distributed checks to 18 community charities, said Thomas W. Schmidt, co-chair of the Progressive Auto Group Civic Fund.

J.S. “Sandy” Sanders, founder of Progressive Auto Group, launched the employee civic fund in the early 1950s. The fund has grown through the years and raised more than $450,000 for the community during the past 10 years. Each employee contributes and makes recommendations on the local charities that are supported.

Grand reopening

Family Dollar’s store at 1207 12th St. NW plans a grand reopening event this weekend.

Thursday through Saturday shoppers can get giveaways and prizes, including reusable shopping bags, cookies and a gift basket raffle. On Saturday, the first 50 customers will receive a Family Dollar gift card. The grand reopening follows renovations at the store, the company said in a news release.

They promise to deliver

Grubhub Delivery has expanded into the greater Canton area.

The service connects hungry customers with their favorite restaurants. Customers can use an app on their smart phone or order online through Grubhub.com.

Grubhub Delivery offers no-demand food delivery from Bravo, Red Robin, DiBella’s Subs and other restaurants, including some local favorites. Users can use the code “CANTONFREE” for free delivery on their orders until April 19. Free delivery will be available with no minimum order price.

Until this week, area restaurants on Grubhub supplied their own couriers to make deliveries. Now Grubhub Delivery makes it possible for all restaurants to take advantage of delivery and expand their customer base by providing Grubhub drivers who can deliver from any local establishment.

Reach Edd at 330-580-8484 or edd.pritchard@cantonrep.com

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Intelligent Systems Announces Fiscal Year 2017 Results

NORCROSS, Ga., March 15, 2018 (GLOBE NEWSWIRE) — Intelligent Systems Corporation (NYSE American:INS) announced today its financial results for the three and twelve month periods ended December 31, 2017.

For the twelve month period ended December 31, 2017, the company recorded net income attributable to Intelligent Systems Corporation of $473,000 ($0.05 per basic and diluted share), compared to a net loss attributable to Intelligent Systems of $1,112,000 ($0.13 per basic and diluted share) in the same period in 2016. Included in the 2017 year-to-date income is a previously reported one-time gain in investment income of $1,466,000 on the sale of a majority of the company’s minority equity ownership in a privately-held technology company in the FinTech industry.

Revenue was $2,546,000 and $9,302,000 in the three and twelve month periods ended December 31, 2017, respectively, representing growth of nine percent and fourteen percent, respectively, as compared to the same periods in 2016. The growth for the quarter and the year is attributable to an increase in our processing services customer base, an increase in the volume of transaction processing services and an increase in our maintenance technical and software support services, partially as a result of an increase in our license customer base.

Loss from operations was $704,000 and $1,403,000 in the three month and twelve month periods ended December 31, 2017, respectively, compared to losses of $136,000 and $687,000, respectively, in the same periods in 2016. Although revenue increased nine percent and fourteen percent for the quarter and year-to-date periods of 2017, as compared to the same periods in 2016, the company recorded a greater loss from operations in both 2017 periods, compared to the comparable 2016 periods, primarily due to a planned increase in R&D expenditures as the company continues expanding its development efforts via offshore staff additions, as well as, opening an office location in Mumbai, India to house key technical resources to enable continued enhancements to the features and functionality of its product offerings.

“2017 unfolded about where we expected it to be. We made continued solid progress in several areas that support our effort to achieve the scale we need to realize returns expected of FinTech companies,” commented Leland Strange, CEO of Intelligent Systems. “I believe we will continue to grow revenue in 2018 at a minimum to be on par with last year’s growth. We have on-going efforts that could result in significant revenue and profit increases; however, there is no certainty that these efforts will be successful and expenses may increase prior to our ability to recognize revenues. It will take time for some of our recent relationships to mature and their growth may not make a real impact until next year. We expect to continue growing while not taking risks that could hurt over the long haul as reputation is critical for financial software enterprises.”

Investor Conference Call Today
The company is holding an investor conference call today, March 15, 2018, at 11 AM Eastern Time. Interested investors are invited to attend the conference call by dialing (855) 766-6518 and entering conference ID code 7699684. A transcript of the call will be posted on our website at www.intelsys.com as soon as available after the call.

The company expects to file its 2017 Form 10-K with the Securities and Exchange Commission on March 15, 2018. For additional information about reported results, investors will be able to access the Form 10-K, when filed, on our company’s website at www.intelsys.com or on the SEC site, www.sec.gov.

About Intelligent Systems Corporation

For over thirty-five years, Intelligent Systems Corporation [NYSE American: INS] has identified, created, operated and grown technology companies. The company’s principal operations are CoreCard Software, Inc. (www.corecard.com) and its affiliate companies. CoreCard designs, develops, and markets a comprehensive suite of software solutions to corporations, financial institutions, retailers and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, loyalty programs, and accounts receivable and small loan transactions. CoreCard also offers prepaid and credit card processing services using its proprietary software solutions. Further information is available on the company’s website at www.intelsys.com or by calling the company at 770/381-2900.

In addition to historical information, this news release may contain forward-looking statements relating to Intelligent Systems Corporation and its subsidiary and affiliated companies. These statements include all statements that are not statements of historical fact regarding the intent, belief or expectations of Intelligent Systems Corporation and its management with respect to, among other things, results of operations, product plans, and financial condition. The words "may," "will," "anticipate," "believe," "intend," "expect," "estimate," "plan," "strategy" and similar expressions are intended to identify forward-looking statements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. The company does not undertake to update or revise any forward-looking statements whether as a result of new developments or otherwise, except as required by law. Among the factors that could cause actual results to differ materially from those indicated by such forward-looking statements are instability in the financial markets, delays in product development, undetected software errors, competitive pressures, changes in customers’ requirements or financial condition, market acceptance of products and services, and declines in general economic and financial market conditions, particularly those that cause businesses to delay or cancel purchase decisions.

CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share amounts)Three Months Ended Dec. 31,Twelve Months Ended Dec. 31, 2017 2016 2017 2016 (unaudited) (unaudited) (audited) (audited)RevenueProducts$ 166 $241 $ 849 $ 1,137Services 2,380 2,093 8,453 7,041Total net revenue 2,546 2,334 9,302 8,178Cost of revenueProducts 62 55 320 626Services 1,372 1,010 4,175 3,352Total cost of revenue 1,434 1,065 4,495 3,978ExpensesMarketing 43 76 255 350General and administrative 367 482 1,588 1,797Research and development 1,406 847 4,367 2,740Loss from operations (704) (136) (1,403) (687)Investment income (loss) (10) 1 1,738 b. c. (713) a.Other income 72 40 166 148Income (loss) before income taxes (642) (95) 501 (1,252)Income taxes 8 — 28 (3)Net income (loss) $ (650)$ (95) 473 (1,249)Net loss attributable to noncontrolling interest — 15 — 137Net income (loss) attributable to Intelligent Systems$ (650)$ (80)$ 473 $ (1,112)Earnings (loss) per share attributable to Intelligent Systems:Basic earnings (loss) per share$ (0.07)$ (0.01)$ 0.05 $ (0.13)Diluted earnings (loss) per share$ (0.07)$ (0.01)$ 0.05 $ (0.13)Basic weighted average common shares outstanding 8,777,988 8,743,299 8,766,425 8,736,299Diluted weighted average common shares outstanding 8,777,988 8,743,299 8,881,814 8,736,299

a. Includes write-down of $750,000 on carrying value of investment in early stage technology company.
b. Includes gain of $1.466 million on sale of minority equity interest in a privately-held technology company in FinTech industry.
c. Includes gain of $372,000 on final payment after escrow period on prior minority investment sale.

CONSOLIDATED BALANCE SHEETS(audited, in thousands)As of December 31, 2017 2016ASSETSCurrent assets:Cash$ 14,024$ 17,724Marketable securities 438 418Accounts receivable, net 1,208 1,329Notes and interest receivable, current portion 16 — Other current assets 2,373 1,160Total current assets 18,059 20,631Investments 1,035 1,272Notes and interest receivable, net of current portion 1,250 — Property and equipment, at cost less accumulated depreciation 1,262 700Other long-term assets 173 101Total assets$ 21,779$ 22,704LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$ 321$ 301Deferred revenue, current portion 853 1,474Accrued payroll 595 515Accrued expenses 98 43Other current liabilities 408 1,338Total current liabilities 2,275 3,671Deferred revenue, net of current portion 51 85Other long-term liabilities — 18Total Intelligent Systems Corporation stockholders’ equity 19,453 21,946Noncontrolling interest — (3,016)Total stockholders’ equity 19,453 18,930Total liabilities and stockholders’ equity$ 21,779$ 22,704

For further information, call
Karen Reynolds, 770-564-5503
or email to karen@intelsys.com

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Norcross, Ga.-based Pond-FSB joint venture wins $9M military contract for architect & engineering services – Atlanta Business Chronicle

A joint venture of Pond and FSB has won a $9 million contract to provide architecture and engineering services for the military.

Pond-FSB JV, based in Norcross, Ga., includes Pond, a fueling, airfield and aerospace design firm based in Atlanta, and Frankfurt Short Bruza Associates PC (FSB), which provides architecture and engineering for flightline facilities such as aircraft hangars. FSB is headquartered in Oklahoma City.

The firm-fixed-price contract is for Air Force Reserve projects, but could include other military projects within the Great Lakes and Ohio River Division mission boundaries, the Department of Defense said in a statement.

The joint venture submitted the winning bid out of 20 received.

Work locations and funding will be determined with each order, with an estimated completion date of March 5, 2023, according to the DOD.

The U.S. Army Corps of Engineers in Louisville, Kentucky, will oversee the contracting activity.

In December 2016, the Pond-FSB joint venture was awarded a contract for architectural and engineering services for the $250 million Presidential Aircraft Recapitalization Complex at Joint Base Andrews.

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Smiling Check Forger Identified, Search Is On

NORCROSS, GA — The Gwinnett County Police Department Electronic and Financial Crimes Unit is searching for man who flashed a big smile to cameras while forging a check Jan. 13 at Wells Fargo Bank. A man wearing a blue hoodie and a black vest walked into the bank, at 1625 Indian Trail Road in unincorporated Norcross, and used a forged check to fraudulently take $9,400.

After police made a media release of the man’s photos, tipsters recognized him and called in their tips. The man has been identified as Joel Alphonse Roach, 26, from Conyers. The detective secured one warrant for forgery in the third degree against Roach. His whereabouts are currently unknown.

If anyone has any information to share in this case, contact GCPD detectives at 770-513-5300. To remain anonymous, tipsters should contact Crime Stoppers at 404-577-TIPS (8477) or visit www.crimestoppersatlanta.org. Crime Stoppers tipsters can receive up to $2,000 for information leading to an arrest and indictment in this case. Case Number: 18-014280

Photos courtesy Gwinnett County Police Department

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Broadtree Residential, Inc. Acquires 370-Unit Apartment Community in Norcross, GA

ROCHESTER, N.Y., Jan. 12, 2018 (GLOBE NEWSWIRE) — Broadtree Residential, Inc. (Broadtree), a private real estate investment trust (REIT) managed by Broadstone Real Estate, LLC (Broadstone), today announced the acquisition of The Reserve at Gwinnett, a 370-unit multifamily apartment community in Norcross, Georgia for a purchase price of $51.0 million.

Built in 1999, The Reserve at Gwinnett is composed of 14 residential buildings totaling nearly 430,000 rentable square feet. In aggregate, the buildings contain 112 one-bedroom units, 194 two-bedroom units, and 64 three-bedroom units, with an average size of approximately 1,160 square feet per unit. All units feature open floorplans with 8 ft. ceilings, walk-in closets, and a patio or balcony. The property also includes 12 attached and 18 detached garages, along with ample surface parking for residents. The community offers numerous attractive amenities, including a new fitness center, modern clubhouse and business center, resort-style swimming pool, grilling area, dog park, and lighted tennis courts.

“We are excited to announce Broadtree’s acquisition of The Reserve at Gwinnett, and feel confident that it will serve as an excellent ‘cornerstone’ investment as we continue to grow the Broadtree portfolio,” said Chris Czarnecki, Broadtree’s CEO. “We are proud to have achieved this result for our shareholders, and look forward to announcing more exciting news throughout the rest of 2018 and beyond.”

Cushman & Wakefield represented the seller in this transaction, and Vaisey Nicholson & Nearpass PLLC represented Broadtree.

About Broadtree Residential:

Broadtree Residential, Inc. (Broadtree) is a private real estate investment trust (REIT) designed to provide shareholders with predictable, tax-sheltered cash flow, and generate attractive total returns via investment in a diversified portfolio of multifamily apartment communities.

Broadtree seeks residential property acquisitions via outright cash purchases and/or through UPREIT transactions. UPREIT transactions (where “UPREIT” stands for Umbrella Partnership REIT) provide a tax deferred exit strategy for owners of real estate who might otherwise recognize a significant taxable gain in a cash sale of a highly appreciated property with a low tax basis. These transactions enable the property owner to exchange owned real estate for an interest in a professionally managed portfolio that is diversified by geography and property type.

Broadtree, which is externally managed by Broadstone, remains open for investment by accredited investors only, with a minimum initial investment of $200,000. Shares are offered via private placement. Please see certain important disclosures regarding Broadtree at broadstone.com/disclosures.

Accredited investors are invited to download an investor kit: Broadstone.com/RG

Media Contact:
Emma Bliss
Senior Associate, Marketing
Emma.Bliss@Broadstone.com
585.287.6479

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Train Smashes Into Moving Truck In Downtown Norcross

NORCROSS, GA — A train smashed into a tractor trailer stuck on the tracks and split the cargo portion in half in an accident at Thrasher Street, NW and Holcomb Bridge Road in downtown Norcross on Friday night, according to the Gwinnett Fire Department. No train cars were derailed and there was no immediate hazmat threat.

There were no injuries reported initially, however, paramedics did assess the train conductor for a minor complaint.

Firefighters responded at 6:59 p.m., to a report of a vehicle vs. train accident and arrived to find a tractor trailer moving truck on the tracks with the cargo portion split in half. The truck was loaded with home furnishings that were in the process of being moved. There was a large debris field caused by the impact of the train.

The squad responded to the scene to check a slight hydraulic leak from the locomotive car. Rail service in the area was stopped and the train was blocking all crossings within the City of Norcross.

Preliminary information indicates that the tractor trailer was reportedly stuck on the tracks and the driver was out of the cab when the accident occurred. The scene was handled by Norcross Police and representatives from Norfolk Southern Railroad.

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Equipment at the scene included: one engine, one medic unit, one squad and one battalion chief‎.

Photo via Shutterstock

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