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Washington Savings Bank posts $4.4M quarterly loss

Washington Savings Bank Holdings of Bowie, parent of Washington Savings Bank, reported a third-quarter net loss of $4.4 million, versus a $1.1 million net loss in the same period last year.

The loss primarily stems from a $6.6 million increase in its allowance for loan losses and a 119 percent drop in non-interest income from a year ago, according to bank information. The bank has about $447 million in total assets.

Fort Washington contractor wins Air Force contract

Wintec Arrowmaker of Fort Washington has won an $85 million contract from the Air Force Special Operations Command in Hurlburt Field, Fla., to provide advisory and assistance services.

The company, founded in 1991, is a service-disabled veteran-owned small business whose services include communications, weaponry and other training for special operations forces.

Mtech names new director of Hillman Entrepreneurs

The Maryland Technology Enterprise Institute at the University of Maryland, College Park, has named Carolyn Boulger Karlson director of the Hillman Entrepreneurs Program. The program's goal is to foster entrepreneurship in transfer students who begin at Prince George's Community College and complete their bachelor's degree at the university.

Karlson was formerly the dean of graduate studies at the College of Notre Dame in Baltimore.

Names & Notes items may be mailed to Lindsey Robbins, The Star, 13501 Virginia Manor Road, Laurel, MD 20707; faxed to 240-473-7501; or e-mailed to lrobbins@gazette.net.

Verizon honored for supporting domestic violence victims

Verizon Wireless and the Verizon Foundation in Laurel won the annual Business Leader Award from the Maryland Network Against Domestic Violence.

Verizon was honored for its commitment to domestic violence victims through its HopeLine program. The program collects unwanted wireless phones to be refurbished, recycled or sold, with proceeds benefiting victims of domestic violence. The program also donates wireless phones and service.

"This is long overdue. They've been incredibly generous in providing phones for domestic victims throughout the state," said Michaele Cohen, executive director of the network. "They're one of the corporate leaders on this and have adopted domestic violence as their cause."

Oxon Hill company part of bidding pool for $500M contract

Ian, Evan & Alexander Corp., a program management company in Oxon Hill, is among the nine companies vying for task orders in a Department of the State contract vehicle worth up to $500 million.

Bidding companies will provide a range of support services for the department under the Professional, Technical, Administrative and Program Support Services contract.

Ian, Evan & Alexander is a service-disabled veteran-owned small business with 20 employees.

Vocus loses $382,000 in third quarter

Vocus of Lanham, which provides software for public relations management, reported a third-quarter net loss of $382,000, versus a profit of $218,000 in the prior-year quarter. Revenues rose to $21.0 million from $20.0 million.

Vocus ended the quarter with more than 4,000 total active subscription customers.

Calverton office building sells for $6 million

Merritt Properties plans a major green upgrade of a Class A office building it bought for $6 million in Calverton, which has been a major vacancy hole in the Prince George's County market since losing its only tenant last year.

The Baltimore company acquired 3901 Calverton Blvd. from SSK VP Calverton and plans extensive renovations to win gold certification under the U.S. Green Building Council's Leadership in Energy and Environmental Design program. The four-story, 123,144-square-foot building is near the Montgomery County line just off Interstate 95 at the Powder Mill Road exit.

Capitol College appoints new director

Capitol College in Laurel has named M. Jean Russell director of foundation relations and college grant writer.

Russell previously was vice president for international and domestic development at Wings of Hope in St. Louis. She plans to focus on the college's Innovation and Leadership Institute, STEM outreach and the Space Operations Institute.

Capitol Heights tech firm acquires networking company

IJJ Corp., a Capitol Heights technology company, has acquired TelecoTech for an undisclosed sum through a cash-and-stock transaction. TelecoTech provides of voice over Internet protocol and networking services.

The acquisition follows IJJ's acquisition of V-Clouds in Silver Spring.

Communications firm merges subsidiaries, names new executive

ASRC Communications in Greenbelt is merging two subsidiaries, World Technical Service and Airfield and Range Services, by Jan. 1.

The merger "will broaden and deepen our offerings to customers in the technical and support services markets both in the U.S. and overseas," Bill Sample, president of World Technical Service, said in a statement.

ASRC has also appointed Laura Hanson vice president of operations, to oversee its military intelligence and information technology operations in Arizona, Colorado and New Mexico. A retired military intelligence and acquisition officer, Hanson has more than 23 years of experience in government and contracting.

Al Casper was also named program manager for several of its military programs and Vicki Jackson was named program manager for the company's doctrine-related work. Both have supported the intelligence community for more than 25 years, according to company information.

Laurel company receives $2.2 M contract with commission

Aquilent, a Web-based service provider in Laurel, has been contracted to redesign the U.S. Commodity Futures Trading Commission Web site and re-engineer its intranet Web site for $2.2 million combined.

Created by Congress in 1974, the commission is charged with ensuring the economic utility of the futures markets.

Radio One regains compliance with Nasdaq

Radio One of Lanham has received notice from Nasdaq that its Class D shares have regained compliance with the exchange's minimum bid price listing requirements.

A year ago, Radio One received notice that its shares were closing below the minimum bid price of $1 per share.