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National Life Group: 'Exceptional' Sales Growth in 2008

Tue, 03/10/2009 - 6:52am -- tim

National Life Group today announced its financial results for 2008, highlighted by overall sales growth of 53 percent.
Mehran Assadi, president and chief executive officer, said that in 2008 annuity sales increased 41 percent, life sales were up 16 percent, and sales of mutual funds through Sentinel Investments jumped 115 percent.
These are exceptional results, said Assadi. This is a remarkable endorsement of the value of our products, the success of our strategy and the power of the National Life story.

Gregory Woodworth named General Counsel of National Life

Mon, 03/09/2009 - 9:18am -- tim

Gregory D Woodworth has been named senior vice president and general counsel of National Life Group.
In his three years with National Life, Greg has shown he is a superb lawyer of the highest integrity, said Mehran Assadi, NLGroup s president and chief executive officer.
Greg has a broad knowledge of our business, a deep appreciation of our regulatory environment and a keen ability to explain complex legal issues in ways that allow us to understand the importance of the issue, said Assadi.

groSolar Acquires Borrego Solar Residential Division

Fri, 03/06/2009 - 11:41am -- tim

Two of the nation s leading solar power installers announced today that they have entered into an agreement for groSolar of White River Junction, Vt., to acquire the residential solar division of Borrego Solar Systems of El Cajon, Calif. Financial terms of the agreement were not disclosed. Borrego Solar residential division operates in California as well as Massachusetts.

Remarks of Senator Patrick Leahy at the Economic Recovery Conference at Champlain College

Fri, 03/06/2009 - 11:22am -- tim

Thank you, President Finney and Champlain College, for hosting us at this timely conference today.  We welcome this opportunity to offer Vermonters, Vermont businesses, and Vermont communities a chance to learn more about how they can take advantage of the recently passed federal economic recovery act.  And the more rapidly and effectively that Vermont puts these resources to work, the better we will be able to keep Vermonters working today, and the better we will be able to lay the groundwork for growing our economy for the jobs of tomorrow.   

State revenues above targets for GF and Ed, below for Transpo

Fri, 03/06/2009 - 10:59am -- tim

Secretary of Administration Neale F. Lunderville today (March 6, 2009) released General Fund revenue results for the month of February, the eighth month of Fiscal Year 2009. General Fund revenues exceeded target for the month as compared to the consensus revenue target revised in mid-January. The General Fund revenues of $60.32 million for the month of February 2009 were +$2.91 million or +5.08% above the $57.41 million consensus revenue forecast for the month. Year-to-date, General Fund revenues of $735.23 million remain below the forecast by -$11.13 million or -1.49% for FY 2009.

Governor Douglas will host White House Forum on Health Reform

Fri, 03/06/2009 - 6:13am -- tim

At the request of President Barack Obama, Governor Jim Douglas will host one of five regional forums on health reform at the University of Vermont s Davis Center on Tuesday, March 17.  Governor Douglas will be joined by Governor Deval Partrick (D-MA), officials from the Obama Administration and other guests to discuss health care reform.

FairPoint suspends dividend, reports 2008 results

Fri, 03/06/2009 - 5:58am -- tim

FairPoint Communications, Inc. (NYSE: FRP) ("FairPoint" or the "Company"), a leading provider of communications services to communities across the country, has announced its financial results for the three and twelve months ended December 31, 2008. FairPoint completed its acquisition of Verizon Communication's wireline and related operations in Maine, New Hampshire and Vermont (the "Northern New England business") on March 31, 2008.

Legislative leaders announce priorities for second half of session

Fri, 03/06/2009 - 5:45am -- tim

Speaker Shap Smith and Senate President Peter Shumlin today announced their legislative priorities for the remainder of the 2009 session.  Speaker Smith and Senator Shumlin made a commitment to passing at least seven pieces of legislation that will create good paying jobs for Vermonters, encourage the development of clean renewable energy, reduce the Governor s proposed tax burden on businesses and grant equal marriage rights to all Vermonters.