So. Arizona Glassworks opens second showroom
Southern Arizona Glassworks has opened a second decorator showroom at 3805 W. River Road in the Shoppes at Orange Grove.
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Southern Arizona Glassworks opened its original showroom in 1980 at 8455 E. Broadway. The company is owned by its founding families, the Irene Kellman and Faye Mincer families.
The new showroom is open Mondays through Fridays from 8 a.m. - 5 p.m. and 9 a.m. - 3 p.m. Saturdays. The phone number is (520) 624-5277.
Create Café moves to new, larger quarters
Create Café has moved into larger quarters at 4660 E. Camp Lowell Road, at the southwest corner of Swan Road.
After traveling extensively in Third World countries and learning to cook exotic dishes in primitive conditions, Lauri Kaye opened her original Create Café in 1999 in the back of a gymnasium and later moved to 5553 E. Grant Road, near Craycroft Road.
In addition to its cafe menu, Create Café has developed a school lunch program that delivers more than 2,000 healthy kid-friendly meals to area schools each week.
A grand opening was held Oct. 10 at the new location to benefit the Assistance League of Tucson’s “Operation School Bell” program.
Create Café is open Monday through Friday 6:45 a.m. - 6 p.m. The website is www.createcafe.com/ and phone is (520) 298-3421.
TECHNOLOGY
Ten Publising wins $30,000 tech makeover
Greg Watson, owner of Ten Publishing, won a $30,000 technology makeover contest.
The contest was a collaboration among New Horizons Learning Centers, 6377 E. Tanque Verde Road, Suite 200; Silverado Technologies, 655 N. Alvernon Way, Suite 216, and Go Web Solutions, 7670 E. Broadway.
Ten Publishing will receive more than $30,000 worth of hardware from Hewlett Packard, software from Microsoft, training by Microsoft certified instructors, installation of all components, and website design and hosting services.
Ten Publishing operates the website www.AmericaBeautiful.com and the America Beautiful Travel Advertising Network.
BIOTECHNOLOGY
ImaRx sells off drug inventory to raise money
Financially struggling ImaRx Therapeutics Inc., 1635 E. 18th St., sold off its inventory of the anti-clotting drug urokinase to Microbix Biosystems Inc., in Toronto, Ontario.
Microbix made an upfront payment of $2 million for the urokinase inventory, regulatory and related assets and will assume $500,000 in liabilities for product already in the market. Microbix will make an additional $2.5 million payment once the U.S. Food and Drug Administration approves and releases three more lots of urokinase.
A deal announced in May to sell the urokinase inventory to Microbix for $17 million fell through after the Canadian company expressed concern that the FDA was asking for more testing of the drug. After the deal fell through, ImaRx laid off 17 of its 20 employees.
ImaRx says it will use the money from the sale to fund its operations and evaluates the future development of its proprietary microbubble and ultrasound technology, SonoLysis.
ImaRx is also facing delisting of its stock on the Nasdaq for several reasons, including the fact that its shares have not traded above $1 per share for at least 10 consecutive days since March 8.
GOVERNMENT
IRS relaxes overseas corporate loan rule
In the midst of the now international financial crisis, the Internal Revenue Service is offering some relief by temporarily relaxing a rule to make it easier for U.S. corporations to bring home money made by their foreign subsidiaries.
The revision gives companies up to six months to pay back loans on money borrowed from foreign subsidiaries without having to pay the 35 percent corporate income tax. The previous time limit was 60 days to pay back such loans.
The IRS said the money cannot be used for dividends or other shareholder distributions.
POLITICS
Chamber issues its candidate endorsments
The Tucson Metropolitan Chamber of Commerce recommends two incumbents in significant Southern Arizona races be replaced in November voting.
The chamber endorsed Republican challenger Tim Bee over first-term Democrat Gabrielle Giffords to represent Congressional District 8 in the U.S. House of Representatives.
And in Pima County District 3, the chamber endorsed Republican challenger Barney Brenner over three-term Democrat Sharon Bronson.
The chamber also endorsed candidates in Southern Arizona state legislative races. These are those recommendations in contested races, with one senator and two representatives to be elected from each district:
• District 25 – Senate: Mary Ann Black (R). House: Richard Boyer (D)
• District 26 – Senate: Al Melvin (R). House: Vic Williams (R), Don Jorgensen (D)
• District 27 – Senate: Bob Westerman (R). House: Olivia Cajero-Bedford (D), Phil Lopes (D)
District 29 – House: Juan Ciscomani (R), Pat Kilburn (R), Matt Heinz (D)
District 30 – Senate: Jonathan Paton (R). House: Frank Antenori (R), David Gowan (R)
The chamber also endorsed the Republicans seeking to fill the three seats up for election on the Arizona Corporation Commission: Marian McClure, Bob Stump and Barry Wong.
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