Business

Business In Brief - September 18, 2007

Governor honors 3D System's Reichental

Abe Reichental, president and CEO of 3D Systems, was honored Monday by Gov. Mark Sanford for his contributions in promoting economic growth in the county and the state.

Reichental was named York County's Economic Development Ambassador of the Year by the South Carolina Department of Commerce, an honor given to private sector executives who contribute to community and state development. The recognition was made at the Governor's Mansion in Columbia to kick off South Carolina Industry Appreciation Week.

Last fall, 3D Systems consolidated its headquarters, operations and research and development activities into a state-of-the-art facility in Waterford Business Park. Reichental has helped York County economic development officials recruit other companies by meeting with prospects to share information about the county and state. He is a member of the Rock Hill Economic Development Corp.

Peters named president of Wikoff Color Corp.

FORT MILL -- Geoff Peters has been elected president and chief operating officer of Wikoff Color Corp., which has its main manufacturing plant, technical center and home office in Fort Mill.

Phil Lambert, former president of Wikoff Color, will continue to serve as chief executive officer of the company and as chairman of the board.

Peters most recently served as Wikoff's vice president of operations and technology. Prior to joining Wikoff, he worked with Sea-Land Service, a global shipping and logistics company, and Setech, an integrated supply company.

A native of Baltimore, he earned a Bachelor of Science degree in commerce from the University of Virginia and an MBA from the Fuqua School of Business at Duke University.

Wikoff Color Corp., an employee-owned company founded in 1956, makes printing inks and coatings for the graphic arts industry. It has 600 employees at 31 manufacturing plants and two sales/service centers in the U.S. and Canada.

Rinehart Realty adds two to staff

Rinehart Realty has added Paula Ballard and Lu Aiken to its sales force.

Ballard will support the corporate team in various capacities, including the Rinehart real estate owned and foreclosure division. Aiken will serve as a community liaison and assist in corporate recruiting.

Ballard can be reached at (803) 242-9661 and Aiken at (803) 984-2047. For more information, contact Rinehart Realty at 329-3333 or visit www.RinehartRealty.com.

Colonial Supplemental celebration Wednesday

Colonial Supplemental Insurance (Benefit Plan Alternatives) will hold a ribbon-cutting at 2 p.m. Wednesday at the York County Regional Chamber headquarters, 116 E. Main St.

The company offers services in the area through Michael Clemence, district manager. The company plans to move its district agency office to Rock Hill in the future.

Colonial Supplemental Insurance offers employee benefits and supplemental insurance. The company is based in Columbia and has been established since 1939.

For more information, call (704) 575-0623 or visit www.coloniallife.com.

Lancaster superintendent to speak Thursday

LANCASTER -- Gene Moore, Lancaster County schools superintendent, will be guest speaker at the "Third Thursday" monthly membership meeting of the Lancaster County Chamber of Commerce at 8 a.m. Thursday at the Carole Ray Dowling Center at the University of South Carolina-Lancaster.

Moore will review his first year as superintendent and discuss the district's 2007-2008 school year. The meeting is free.

Adobe reports its profits doubled from last year

SAN FRANCISCO -- Adobe Systems reported Monday that its third-quarter profit more than doubled from last year, setting a revenue record and easily exceeding Wall Street's expectations as the software company comes off its biggest-ever product launch.

Net income for the three months ending August 31 was $205.2 million, or 34 cents a share, surging 117 percent from $94.4 million, or 16 cents a share, in the same quarter of last year.

Third-quarter sales were a record $851.7 million, up 41 percent from $602.2 million in the third quarter of 2006.

Excluding costs for expenses, such as stock-based compensation and restructuring charges related to the December 2005 acquisition of Macromedia, profit was $269.4 million, or 45 cents per share, compared with $171.5 million, or 29 cents per share, in the year-ago quarter.

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