THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Monday, April 22, 1996 TAG: 9604200222
SECTION: BUSINESS WEEKLY PAGE: 03 EDITION: FINAL
SOURCE: By Juanita Raisor
LENGTH: Medium: 58 lines
CONSUMER NEWS
Virginia Power warned that people falsely identifying themselves as utility employees are soliciting its customers for orders for so-called demand controllers, which regulate electricity use by shifting power demand to times when electric rates are lower. The utility said such controllers can be effective, but that customers should carefully select a contractor to install them and beware of false claims. It suggested customers contact the Better Business Bureau to see if there are outstanding claims against a contractor, and said it would supply customers with information that could help them decide whether installing a demand controller would save money. (Staff)
BUSINESS EXPANSIONS
Newport News Shipbuilding and Drydock Corp. has leased 105,000 square feet in the General Electric plant in Suffolk to store parts for use in aircraft carrier overhaul.
ACQUISITIONS
The Harbor Group in Norfolk purchased the Huntington Apartments, a 152 unit complex off Interstate 85, for $3.5 million from Anderson Properties in North Carolina
HONORS, AWARDS
The Hospitality Sales & Marketing Association has recognized the Virginia Beach Department of Convention and Visitor Development for its advertising material. The convention and visitors bureau received the gold award in the 1995 Adrian Advertising Award/International Travel Competition from among 1,500 entries from 45 countries.
RELOCATIONS
OnLine Marketing Inc. has relocated to larger quarters in Koger Executive Center at No. 11, Suite 128.
NAME CHANGES
Fort Eustis Federal Credit Union changed its name to 1st Advantage Federal Credit Union.
CONTRACTS
Shirley Construction Corp. in Portsmouth received a $11.7 million contract for an athletic facility, phase III, Football Stadium, Norfolk State.
Blueridge General Inc. in Norfolk received a $3.9 million contract for additions and renovations to Great Bridge High School.
Precon Construction Co. in Chesapeake received a $1 million contract for a sanitary vacuum sewer and pump station, sewer exit, Nansemond Parkway in Suffolk. MEMO: Digest reports news of record about businesses in Hampton Roads.
Items accepted include reports of mergers, acquisitions, relocations,
significant expansions, substantial government contract awards, national
honors and awards.
Information should be sent to Juanita Raisor, Business News, 150 W.
Brambleton Ave., Norfolk, VA 23510. by CNB