News Releases -
Business & Economy
Written by Leslie Arena
Wednesday, 15 October 2014 09:19
INDIANAPOLIS, Oct. 14, 2014 (GLOBE NEWSWIRE) -- Angie's List
(Nasdaq:ANGI) announced today that as part of its continued investment
in growth, it plans to expand its Indianapolis headquarters, creating
hundreds of new jobs by 2019. The expansion, which is enabled in part
by an attractive incentive plan from the City of Indianapolis and State
of Indiana, is expected to begin in 2015 and extend through 2019,
broadening Angie's List's footprint in the city's east side.
"Today's announcement reflects our expectation for continued growth and
expansion and highlights our commitment to the city of Indianapolis,"
said Bill Oesterle, Angie's List Chief Executive Officer. "We look
forward to growing our thriving campus and continuing to attract talent
Angie's List intends to continue its growth in its headquarters
location, expanding from approximately 500 employees in 2011 to
approximately 2,800 by the end of 2019. The Company plans to begin
hiring in 2015 for positions including information technology, sales
and member services. As part of the incentive plan, Angie's List has
agreed to achieve certain business and financial targets including
annual investment, number of employees and average wage levels. The
company expects to invest more than $10 million in expansion-related
capital expenditures in 2015, with cumulative investment expected to be
approximately $40 million by the end of 2019.
About Angie's List
Angie's List helps facilitate happy transactions between more than 2.8
million consumers nationwide and its collection of highly-rated service
providers in 720 categories of service, ranging from home improvement
to health care. Built on a foundation of authentic reviews of local
service, Angie's List connects consumers directly to its online
marketplace of services from member-reviewed providers, and offers
unique tools and support designed to improve the local service
experience for both consumers and service professionals.
Forward-Looking and Cautionary Statements
This press release contains "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding expected job growth, the receipt of city
and state incentives and expansion-related capital expenditures. These
forward-looking statements are based on Angie's List's current
assumptions, expectations and beliefs and involve substantial risks and
uncertainties that may cause results, performance or achievement to
materially differ from those expressed or implied by these
forward-looking statements. Factors that could cause or contribute to
such differences include, but are not limited to: our ability to
accurately measure and predict revenue per paid membership, membership
acquisition costs or costs associated with servicing our members; our
ability to protect our brand and maintain our reputation among
consumers and local service providers; our ability to attract and
retain local service providers to advertise on our service; our ability
to increase our pricing on memberships and service provider contracts
as we increase our market penetration; our ability to replicate our
business model in our less penetrated markets; our success in
converting consumers and local service providers into paid memberships
and participating service providers; competitive factors; our ability
to stay abreast of modified or new laws and regulations applying to our
business, including those regarding sales or transaction taxes and
privacy regulation; our ability to adequately protect our intellectual
property; our ability to manage our growth; our ability to attract and
retain qualified and experienced personnel, and general economic
Further information on these factors and other risks that may affect
our business is included in filings we make with the Securities and
Exchange Commission from time to time, including Angie's List's Annual
Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K.
These documents are or will be available online from the SEC or on the
SEC Filings section of the Investor Relations section of our website at
. Information on our website is not part
of this release. All forward-looking statements in this press release
are based on information currently available to us, and we assume no
obligation to update these forward-looking statements in light of new
information or future events.
News Releases -
Business & Economy
Written by Lopeti Etu & David Balluff
Wednesday, 15 October 2014 08:06
Lopeti Etu and David Balluff are thrilled to announce the upcoming opening of L&D15, a new retail boutique devoted to clothing, accessories, art and housewares in downtown Davenport, Iowa. They will launch the store, located at 520-524 West 2nd St., with a grand opening event, featuring music, art and fashion, on November 15th, 2014.
“We wanted to create a space that supports our vision of the future of retail - a venue that not only allows us to produce and sell our own products in house, but also supports the greater artistic community,” explains Balluff. “Our store will offer a range of products, showcasing local artists and designers alongside nationally known luxury brands like Me&Ro, San & Soni, FGI’s Rising Star award winner Peter Hidalgo and fashion illustrator Jeffrey Fulvimari.”
Both Balluff and Etu are especially excited by their exclusive arrangement with NYC jewelry design company Me&Ro, whose products have been featured in film and on TV, from The Devil Wears Prada and Black Swan to Scandal and Modern Family. “It’s crazy to think that our store will carry the same jewelry worn by so many actresses on the red carpet and on the big screen. Is it too much to hope that Angelina Jolie or Natalie Portman will stop by and pick up another pair of earrings at L&D15?” Etu wonders. “We can dream.”
L&D15 is located in a 2500 square foot building, ideally situated near downtown arts and entertainment venues. Built in 1910, it was once home to New York Hat Works, especially appropriate to designer and milliner Lopeti Etu.
“We immediately fell in love with the space, which gives us ample room for a workshop in addition to a unique retail environment. We think Davenport, Iowa is a promising location to start a fashion and artistic hub,” said Etu. “There is an appreciation for the arts in the Quad Cities, a growing population of young professionals, and a lot of new development and energy.”
Etu began his career in New York City doing window display at Bergdorf Goodman. He creates hand-blocked, one of a kind hats, cocktail hats and fascinators under the Lopeti Etu Millinery label, and has collaborated with several high profile designers in NYC, including Marc Bouwer, Catherine Malandrino and Patricia Field. Photos of his hats have appeared in French Vogue, Marie Claire, O Magazine, and in other print media.
Bettendorf native David Balluff is an artist and graphic designer with an MFA in Electronic Arts from Rensselaer Polytechnic Institute in Troy, NY. He initially learned to silkscreen while working as an Artist-Educator at The Andy Warhol Museum in Pittsburgh, PA and began General Assembly, a hand-silkscreened t-shirt line, in 2009.
News Releases -
Business & Economy
Written by Ginny Grimsley
Tuesday, 14 October 2014 09:30
4 Tips for Time & Budget Management from a Business Development Strategist
All successful CEOs have one thing in common: They’re able to maintain a big-picture perspective. It’s also something successful moms have in common, says Zenovia Andrews, a business strategist, speaker, author and mom who coaches entrepreneurs and CEOs on time and budget management.
“In business, CEOs implement a process that achieves efficient time and resource management in the most cost-effective way; sounds a lot like a mom, doesn’t it?” says Andrews, founder and CEO of The MaxOut Group, a company devoted to empowering and teaching entrepreneurs development strategies to increase profits.
“If every mom were a CEO, America would rule the world!”
Andrews, author of the new book “All Systems Go – A Solid Blueprint to Build Business and Maximize Cash Flow,” (www.zenoviaandrews.com), suggests the following tips for moms to better manage money and time.
• CEOs utilize apps, and so should CEO Moms. When a CEO’s personal assistant isn’t around or, if it’s a small business and she doesn’t have one, then apps do nicely. There are several apps for moms, including Bank of Mom – an easy way to keep track of your kids' allowances. Set up an account for each child and track any money they earn for chores or allowance. The app also allows you to track their computer and TV time as well as other activities.
• Measurement is the key to knowledge, control and improvement. CEOs have goals for their businesses and Moms have goals for their family members. In either case, the best way to achieve a big-picture goal is to identify action steps and objectives and a system for measuring progress. Want to improve your kids’ test scores, help your husband lose weight or – gasp – free some time for yourself? There are four phases to help track progress: planning, or establishing goals; collection, or conducting research on your current process; analysis – comparing information from existing processes with the new one; and adapting, or implementing the new process.
• Understand your home’s “workforce.” A good CEO helps her employees grow and develop, not only for the company’s benefit, but for the employee’s as well. Most people are happiest when they feel they’re learning and growing, working toward a goal, which may be promotion within the company or something beyond it. When they feel the CEO is helping with that, they’re happier, more productive, more loyal employees. Likewise, CEO Moms need to help their children gain the skills and knowledge they need not only to succeed in general but to achieve their individual dreams.
• A well-running household is a community effort; consider “automated” systems. In business, automated systems tend to be as clinical as they sound, typically involving technology. Yet, there’s also a human resource element. Automated systems are a must for CEO Moms, and they tend to take the form of scheduling at home. Whose night is it for the dishes, or trash? One child may be helpful in the kitchen, whereas another may be better at cleaning the pool.
About Zenovia Andrews
Zenovia Andrews, www.zenoviaandrews.com, is a business development strategist with extensive experience in corporate training, performance management, leadership development and sales consulting with international clients, including Pfizer, Inc. and Novartis Pharmaceuticals. A sought-after speaker and radio/TV personality, she is the author of “All Systems Go” and “MAXOut: I Want It All.”
News Releases -
Business & Economy
Written by Sam Lau
Tuesday, 14 October 2014 09:07
Braley fighting to raise minimum wage to $10.10/hr & restore its purchasing power.
In contrast, state Sen. Joni Ernst opposes the federal minimum wage and believes $15,000 a year is an appropriate wage for hardworking Iowans
Des Moines, IA – To mark National Minimum Wage Day, Bruce Braley today reiterated his call for an overdue increase to the minimum wage that would provide 300,000 Iowans with a pay raise and infuse $272 million in to Iowa’s economy.
“No one in Iowa should work a full-time job and live near or below the poverty line,” said Braley. “It’s been over five years since the last federal minimum wage increase, and the minimum wage buys less and less for Iowa’s workers. I’m committed to raising the minimum wage to $10.10 an hour because I believe that all Iowans deserve a fair wage for a hard day’s work. In contrast, Sen. Ernst again puts her reckless Tea Party agenda ahead of Iowans and thinks $7.25 an hour – just $15,000 a year – is an appropriate minimum wage for hardworking Iowans.”
While Bruce Braley is fighting to raise the minimum wage to $10.10 an hour to benefit older workers and families, state Sen. Joni Ernst is opposed
to the federal minimum wage, and has repeatedly said that she thinks $7.25 an hour – which means a full-time worker takes home just $15,000 a year – is “appropriate for Iowa.” Sen. Ernst showed just how out of touch she is when she said
$7.25 is a “great starter wage for many high school students, those that are just getting into work experience,” despite clear evidence
that shows that raising the federal minimum wage to $10.10 per hour would primarily benefit older workers.
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