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The Rainmaker
Paul Douglas captured lightening several times netting him—and others—millions with earlier entrepreneurial endeavors. Is this the right climate for his latest start-up?
>> Full Article
In This Issue Upcoming Events
Cover
July 2008
- EXECUTIVE REPORT
Benefits Buffet

- EXECUTIVE REPORT
Local Lure

- EMERGING COMPANIES
Sweet Smell of Success

- ENTERPRISE
Healthcare Innovator

- COVER
The Rainmaker

- EXECUTIVE LIFE
Taking the Theater Home

Event MinnesotaBusiness
Events

Events are posted periodically. Please check back for our next event, or email bradd.lasch@metmediagroup.com for more information.

    Read today's Business News

    SterilMed launches new Web site
    July 3, 2008: Maple Grove--(VIA PRESS RELEASE)--SterilMed, Inc., the only company that offers both medical device reprocessing and equipment repair services, has recently launched a new website at www.sterilmed.com. “We are pleased to provide this useful tool for our customers and for the public,” said Brian Sullivan, SterilMed CEO/president. “The site highlights how healthcare facilities can save money by extending the life of their single-use devices, medical equipment and surgical instruments. These savings can be redirected to other important investments such as indigent care and new life-saving technologies.” The redesigned site also enables SterilMed’s repair and reprocessing customers an instant and secure way to easily access order status through a password-protected portal. Healthcare facilities can track their savings from reprocessing, evaluate medical equipment repair history and download summary reports. In addition to the site’s new technical features, the graphic design and interface present a dramatic improvement. We have streamlined the site’s navigation, making it more intuitive and user-friendly. SterilMed is one of the leading medical device reprocessors, equipment repair service providers and pre-owned endoscope equipment specialists. They have earned a reputation for high quality and extensive technical capabilities.

    Timberwolves launch summer grassroots campaign
    July 3, 2008: Minneapolis/St. Paul – (via press release) - This summer, the Twin Cities will be overrun by Wolves. The Timberwolves today launched the team's summer season guerilla marketing campaign for the remainder of the offseason (July-September). The Wolves will be prowling around communities all over the Twin Cities metro area, participating in more than 200 events such as community parades, festivals and charity events all summer long. The Timberwolves summer marketing campaign is part of the team's celebration of the upcoming 20th season of Timberwolves basketball in the Twin Cities. With new players added to the roster, the Wolves will be storming communities and spreading the word about the team's exceptional young talent and drumming up excitement for a new era of Timberwolves basketball. Select events will include appearances by Timberwolves mascot Crunch, the Timberwolves Dance Team, the Hoop Troop Dunk Team and Timberwolves Shootout shooting contests. "There is no offseason for Timberwolves basketball," said Timberwolves Senior Vice President of Marketing and Communications Ted Johnson. "Through this campaign we are taking a grassroots approach to reaching our fan base and continually building our brand." The Wolves will kick off the summer marketing campaign tonight, July 2, with the Fourth of July music and fireworks festivities at the Hilde Performance Center in Plymouth. The event in Plymouth is in celebration of this year's 150th anniversary of Minnesota's statehood. The Wolves will be busy throughout the Fourth of July weekend, making appearances at Fourth of July celebrations in Eagan, Edina and Richfield. Timberwolves appearances feature shooting contests, prize packs, free team merchandise and a chance to win 2008-09 season tickets. As part of the summer marketing efforts, the Wolves last week debuted re-designed team logos.

    Verisae names new CFO
    July 2, 2008: MINNEAPOLIS--(BUSINESS WIRE)--Verisae, a web-enabled, clean technology software and services company, announced today that Gregory A. Effertz has been named Chief Financial Officer, effective immediately. Effertz joins Verisae with over 20 years of executive experience, working across a variety of technology and retail sectors. This is a new position for Verisae, which showcases the ongoing success and development at the company. Prior to joining Verisae, Effertz, 46, served as Chief Financial Officer of Retek Inc., a developer of innovative software solutions and services for the retail industry. During his tenure with Retek, Effertz helped lead the transition of the company from a 20 employee organization with annual sales of less than $10 million to a global enterprise with annual revenues approaching $200 million and the eventual sale of Retek to Oracle Corporation. More recently, Greg held the Chief Financial Officer position with Valtira, LLC, a privately held company that is a leading provider of on-demand integrated marketing tools as a service over the Internet. “We are very excited Greg has joined the Verisae team,” said Dan Johnson, Chief Executive Officer of Verisae. “His financial experience, extensive background in technology and retail, and ability to help our business scale is an excellent fit. We are entering a time of tremendous growth and Greg’s track record with emerging software technology companies will serve us well.”

    Deluxe signs Preston Kelly as marketing partner
    July 2, 2008: Minneapolis -- (via press release) -- Preston Kelly, formerly Kerker, has been named marketing agency partner for a Deluxe Corporation small business initiative that includes reinforcing Deluxe’s commitment to its small business customers by offering an expanded portfolio. The agency has created highly successful marketing campaigns for Piper Jaffray, Bremer Bank among other financial institutions. Deluxe, a Minnesota-based Fortune 1000 company, helps financial institutions and small businesses grow their businesses through a wide range of innovative products and services in fraud prevention, customer loyalty and brand building. Building on its heritage as a leading check provider, today, nearly 35 percent of Deluxe’s revenue comes from non-check related products and services. “Deluxe has created and sustained one of the most successful brands in the history of the financial services industry,” said Preston Kelly President Chuck Kelly. “Moving forward, they understand the importance of anticipating and leading the transformation in small business. Now, Deluxe is recreating their market presence and relevance– while staying true to their brand heritage. We are honored to be their partners in this brand transformation.”

    JBL Companies launches management resolutions
    July 1, 2008: EAGAN--(via press release)--JBL Companies Inc., announced that they have added a new division to their commercial real estate services firm called Management Resolutions LLC. Management Resolutions is an asset management consulting firm specializing in statutory receiverships, loan workouts, operational turnarounds and financial analysis. The new Management Resolutions team consists of principals Jeffrey B. Larson, Dale Severson, Robert Bayer, MBA_&_CPA, and marketing support provided by Carissa Burg. This team has over 78 years of combined professional expertise in rehabilitating underperforming assets and organizations. The mission of Management Resolutions is to create strategies and deliver solutions that enhance value. The principals of Management Resolutions are committed to client success and value creation. Through their combined expertise, real-world operational experience and complementary talents; Management Resolutions¹ principals offer cost effective, responsible, independent management of court-ordered receiverships, problem assets and portfolios with customized, timely reporting and analysis, translating into increased value of the managed asset.

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    Cornerstone to host 25th Anniversary fundraiser “Dream Big”
    July 1, 2008: MINNEAPOLIS (July 1, 2008) – Tickets are now on sale for the 25th anniversary “Dream Big” fundraiser for Cornerstone, a local nonprofit organization working to end the generational cycle of domestic violence in the community. The September 12 fundraising celebration will be held at the Metropolitan Ballroom and Clubroom in Golden Valley; starting at 6 p.m. Tickets cost $150 per person, and are now available by contacting Courtney Poja at courtneyp@cornerstonemn.org. The event also will honor those who’ve played an integral role in Cornerstone’s success, including Congressman Jim Ramstad. Congressman Ramstad will be honored with the Architect of Change Award for his 16 years of work with Cornerstone. With an understanding that domestic abuse is a public issue, Congressman Ramstad has worked tirelessly to support non-partisan public policy to benefit victims and survivors of domestic abuse. “This is a significant milestone for Cornerstone, in which we’re reminded of the many successes we’ve accomplished over the past 25 years helping to end violence in this community,” said Susan Neis, executive director of Cornerstone. “Our accomplishments would not have been possible without the dedication of our staff, volunteers and donors. This is a time to reflect on their good work, but also to remind ourselves that our work is not done. We must not stop until every man, woman and child is free from violence in the home.” In addition to the awards ceremony, the fundraising celebration will feature entertainment by musician Alison Scott, silent and live auctions with prizes ranging from custom jewelry to package travel and dinner by D’Amico Catering. For more information about Cornerstone and the “Dream Big” 25th anniversary celebration, please visit cornerstonemn.org.

    University of St. Thomas Executive Education and Professional Development offers Mini Master of Project Management program
    June 19, 2008: MINNEAPOLIS--(VIA PRESS RELEASE)-- The University of St. Thomas Executive Education and Professional Development, formerly the Center for Business Excellence, has issued its calendar of events for July through October 2008. Among many opportunities, the Executive Education and Professional Development is offering a Mini Master of Project Management program. Three sessions will be offered with starting dates between July and October 2008. Each session meets 12 times. As organizations seek greater productivity in local and global markets, they are turning to project management talent, people who know how to manage the system of resource inputs, process transformation and organizational outputs. Through the Mini Master of Project Management, you will learn how to manage the scope, time, cost and performance issues of small and large projects so you can deliver your project on time and within budget. This program is equivalent to our Project Management Certificate. For more inforamtion or to register for the program, visit www.stthomas.edu/execed.




Crowne Bank