Current News

by tim

Michael Flynn, managing partner of the Burlington, VT CPA and consulting firm, Gallagher, Flynn & Company, LLP, is pleased to announce that Brian J. Monbouquette joined the firm as a partner. Brian will direct the firm's tax practice, in addition to consulting with clients about taxes, mergers and acquisitions, strategic alliances, and raising capital.

by tim

Aaron Frank has recently joined the Chittenden County Transportation Authority (CCTA) as Transit Planner. Mr. Frank graduated from Johnson State College and completed his Master’s degree in public administration at University of North Carolina at Chapel Hill.
Most recently he worked as Director of Planning in Chattanooga, Tennessee on service planning, intelligent transportation systems, grants, capital budgeting, procurements, and metropolitan transportation planning. After restructuring existing routes adding service with grants he applied for, ridership increased by 2-5% annually thereafter.
In his role as Transit Planner at CCTA, Frank will analyze CCTA's routes in terms of their ability to meet current travel and development patterns which have changed since many of the routes were initiated. He will also be looking for additional partnerships with institutions with parking and transportation needs.

by tim

Turin Networks, Inc., a leading developer and supplier of multiservice optical transport platforms for network service providers, announced that Vermont Telephone Company, commonly known as VTel, has chosen Turin Networks’ Traverse™ Platform to build a high-capacity optical backbone for delivering broadband data services as well as traditional voice services to their customers.
“We are dedicated to providing the members of our local community with the same type of advanced telecommunications services that are available in larger metropolitan areas," said Norm Koch, VP of Network Operations, Vermont Telephone. “This upgrade increases the bandwidth capacity of our optical backbone four fold, enabling us to continue to provide our residential and business customers with affordable broadband data services such as DSL, and paving the way for VTel to offer emerging high-speed services such as Ethernet in the future.”

by tim

Over the past several years Hubbardton Forge has experienced steady
growth and developed a reputation for quality and design excellence in the
lighting industry. 2002 has been a year dedicated to building a team to
manage the continuing growth and the resulting change that growth
inevitably brings. The team building is nearing completion, with the
appointments over the last six months of the following individuals to key
positions: Martin T. Quigley, Operations Manager; Terry
Carvalho-Vamvalis, Sales Manager; Dan Browdy, IT Manager; Rick Brunner,
Designer; and Cathy Van Yperen, Corporate Communications.
Martin Quigley, Operations Manager. Martin Quigley has a B.S. and a M.S.
in Chemical Engineering from Columbia University, and recently completed
his M.B.A. at Case Western Reserve University's Weatherhead School of
Management in Cleveland, Ohio. Among his responsibilities at Hubbardton

by tim

The Vermont Tax Practitioners Association (VTPA) will hold its next regular meeting on Tuesday, December 10th from 9:30 a.m. until 2:30 p.m. at the Best Western Hotel (formerly the Holiday Inn) just off Exit 10 of I-89 in Waterbury, Vt.
The morning session will be presented by a representative of the Internal Revenue Service and will examine new tax changes for the upcoming tax season.
The afternoon session will be by the Vermont Department of Taxes and will also preview the 2002 tax year, with a special emphasis on the new tax forms and changes to the Act 60 process.
The meeting is free for VTPA members who have paid their 2002 dues. Annual VTPA membership dues are $50 payable in advance or at the meeting. Prospective members or other interested persons may attend one introductory meeting without charge. Lunch is an additional $10 charge for all attending. For more membership information call Rick Kane at (802) 463-1503.

by tim

Directors of Green Mountain Power Corporation
(NYSE:GMP) announced a quarterly cash dividend of $0.19 per share on
the utility's Common Stock, payable December 31, 2002, to holders of
record at the close of business on December 14, 2002. The new indicated
annual dividend rate is $0.76, an increase over the previous indicated
annual rate of $0.55. The increased dividend payment is contingent on the
successful issuance of long-term debt, which is expected to be completed
on or about December 16, 2002.
The Company has arranged to issue $42 million in first mortgage
bonds, with an average life of 12 years. This transaction, which will
replace substantially all of the Company's short-term and intermediate
term debt, will satisfy the conditions set by the Vermont Public Service
Board for the Company to increase its dividend.
In 1997 and 1998, faced with difficult financial results, the

by tim

Retreat Healthcare announced the expansion of two of its key treatment programs for children and adolescents; The Tower
Program and the Child-Adolescent Partial Hospitalization Services. Both
programs are moving from their former locations near the main Retreat
Healthcare campus to Linden Lodge, with expanded capacity, staffing and
resources, in order to better serve the growing needs of this population.
The Tower Program is an alternative education program for students who
may be at risk of dropping out or of being asked to leave school due to
behavioral problems. A fully accredited component of the Meadows
Educational Center, the Tower Program blends education, vocational
training, life skills training, adventure-based recreation, health
education, and self-esteem building activities. Each student receives an
individualized educational plan and a hands-on, small group approach.

by tim

Paul, Frank & Collins, attorneys at law, is pleased to announce that Rebecca van Doren has joined the firm as an Associate. Ms. van Doren was admitted to the Vermont Bar on November 19, 2002, and will be concentrating her practice on general trial work, with a focus on intellectual property, including patent, copyright and trademark litigation, product liability, commercial litigation, and anti-trust matters.
Ms. van Doren is a 1985 graduate (Dean’s List) of Arizona State University and a 1998 graduate of Arizona State University, College of Law (cum laude).

by tim

GREEN MOUNTAIN POWER CORPORATION (NYSE: GMP) announced the preliminary results of its successful modified "Dutch Auction" self tender offer, which expired at 12:00 midnight, New York City time, on November 19, 2002.

by tim

Vermont was among the best of show at the 2002 World
Travel Market in London, U.K., last week. The six New England states,
working together to attract international visitors to the region, received
the "Best Booth for Doing Business" award at the 2002 global travel
industry event.
This is the first year all six states represented New England under the
banner of Discover New England as one brand, at one booth. The Discover
New England booth was recognized as best for its layout and for the
knowledge and enthusiasm of those who staffed it. Discover New England is
a non-profit consortium of the six states, based in Stowe. Its focus is
international tourism.
World Travel Market exhibit organizer, Fiona Jeffrey, noted that excellent
quality of layout, welcoming atmosphere, product knowledge and participant
enthusiasm in promoting New England as a region were factors in the
decision.

by tim

The Make-A-Wish Foundation of Vermont recently announced the election of five new board members to the organization. Alana Shaw of Winooski, a Senior Accountant at A.M. Peisch & Companny, LLP, specializing in auditing not-for-profit organizations. Christy Wigant of Essex Junction, a Senior Auditor for the Defense Contract Audit Agency in Burlington. Milissa Phillips of Hinesburg, the Marketing Coordinator for Sprint PCS. Betsy Lawrence of Colchester, the Medical Social Work Supervisor for Children with Special Health Needs, a statewide program in the Department of Health. Mrs. Lawrence is also a Medical Social Worker with the Vermont Cystic Fibrosis Center based out of FAHC. Matthew Callaghan of Shelburne, a Sales Account Manager at Harbour Industries in Shelburne.

by tim

The award-winning Weston Playhouse Theatre Company (WPTC), Vermont’s oldest professional theatre company, completed its 66th anniversary season with record-breaking box office and critical success. The Theatre brought Vermont Premieres of Smokey Joe’s Café, Proof, The Triumph of Love, St. Nicholas, and David Copperfield, and two sold-out musicals, Oklahoma! and Chicago, both still playing on Broadway, to the Weston stage in an extended season that ran from June through October.
WPTC Producing Directors Malcolm Ewen, Tim Fort and Steve Stettler acknowledged the unparalleled support of sponsors, contributors, patrons and volunteers, noting that “with the help of so many, the Weston Playhouse boasted higher profile productions, larger audiences, and the greatest number of subsidized tickets and accessibility services in its history.”