Thursday, Nov. 27, 2008
Contracts, etc.
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Featured Jobs
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Maryland Community Newspapers Online
DEALS
L-3 Communications of New York agreed to acquire Chesapeake Sciences Corp. of Millersville, which produces anti-submarine warfare systems and is expected to generate about $70 million in sales in 2009.
McShea Management of Gaithersburg was selected by the W.C. & A.N. Miller Cos. as exclusive property management agent for Sumner Highlands, a 125-unit apartment complex in Bethesda.
Zymetis Inc. and Traffax Inc. are the first two recipients of grants from the new Chesapeake Bay Seed Capital Fund, administered by the Maryland Technology Enterprise Institute, or Mtech, at the University of Maryland. The fund will invest $250,000 annually over a three-year period in Maryland startups with technologies that may help improve water quality in the Chesapeake Bay. Zymetis, a biotech that is developing an enzyme product to produce ethanol from biomass, is receiving $100,000. Traffax, which develops technology to monitor traffic patterns and travel times using Bluetooth technology, is receiving $50,000.
Aetea Information Technology is acquiring ecipient Technologies of Ruxton, which will join Aetea's Solutions Group in Rockville.
Ollie's Bargain Outlet signed a lease for 33,000 square feet at Columbia East Marketplace in Columbia and plans to open in the spring.
Catapult Technology of Bethesda won two contracts worth $625,000 to provide information technology services to the Small Business Administration.
PROPERTY
Faison Enterprises of Charlotte, N.C., sold Stone House Square, a 250,000-square-foot shopping center anchored by a Weis supermarket in Hagerstown, to the Oekos Group of Companies.
BANKRUPTCIES
Scorpio Spirits Inc., dba Earl's Super Liquors
Oxon Hill
Case – 08-25453
Filed 11/21/2008
Attorney
Richard M. McGill
301-627-5222
Assets: $100,001 to $500,000
Debts: $100,001 to $500,000
No. of creditors: 1-49
City of Joy Ent. LLC
Baltimore
Case – 08-25254
Filed 11/19/2008
Attorney
N/A
Assets: $100,001 to $500,000
Debts: $100,001 to $500,000
No. of creditors: 1-49
Austin Cody LLC
Waldorf
Case – 08-25500
Filed 11/23/2008
Attorney
Richard M. McGill
301-627-5222
Assets: $0 to $50,000
Debts: $50,001 to $100,000
No. of creditors: 1-49
Sahajanand Infotech USA Inc.
Bethesda
Case – 08-25569
Filed 11/24/2008
Attorney
Karen H. Moore
301-313-9165
Assets: $0 to $50,000
Debts: $500,001 to $1 million
No. of creditors: 1-49
Source: U.S. Bankruptcy Court for the District of Maryland, Greenbelt and Baltimore.