News Briefs

Insurance companies merge

May 3, 2016 — 

Altus Insurance Group, a Reno-basedprovider of property and casualty insurance coverage for businesses and individuals, has joined forces with Orgill/Singer Associates Inc., an independent insurance brokerage headquartered in Las Vegas.

Altus Insurance will continue to operate under the same name. Valerie Clark, the president of Altus, and Audrey Damonte, chief executive officer of Altus, will continue their involvement with the company. ​Launched in Reno five years ago, Altus provides commercial, professional, and personal liability insurance, as well as bonds, for businesses, professionals, nonprofit organizations and individuals.

Sparks Allstate agencies designated

May 3, 2016 — 

Allstate agencies in Sparks that were designated as Allstate Premier Agencies in 2016 were:

· Michelle Terelak located at 2955 Vista Blvd.

· Scott Kulla located at 780 Baring Blvd.

· Tye Bearden located at 1311 N. McCarran Blvd.

· Jim Chen located at 271 Los Altos Parkway.

The Allstate Premier Agency designation is bestowed upon less than half of Allstate’s nearly 10,000 agency owners across the country. The designation is presented to Allstate agency owners for their business performance and commitment to customer service.

Allegra nonprofit fund

May 3, 2016 — 

Allegra Print, Mail, Marketing in Reno has opened its FootPRINT Fund application period to award $7,500 to local nonprofit organizations and associations seeking financial assistance for graphic design and printing of brochures, newsletters, forms, invitations, posters and other marketing communications. Applicants that qualify are eligible to receive up to $1,000.

To be considered for a FootPRINT Fund award, nonprofit groups, associations and charitable organizations must submit a completed application by June 1. Application forms may be obtained at 5301 Longley Lane, Suite 47, or on the company’s website at www.allegrareno.com. Once on the website, click “About Allegra” and then “The FootPRINT Fund” to access the application.

RTAAPD certified

May 3, 2016 — 

The Reno-Tahoe Airport Authority’s Police Department was recently re-certified by the Commission on Accreditation of Law Enforcement Agencies (CALEA).

Law enforcement agencies like the Reno-Tahoe Airport Police Department earn CALEA certification by demonstrating compliance and having assessors from other certified agencies audit policies to ensure agency standards are met. Only 12 other commercial airports (less than one percent) in the United States are CALEA certified.

TMWA refunding

May 2, 2016 — 

Truckee Meadows Water Authority (TMWA) has issued Series 2016 Refunding Bonds, refinancing its 2006 bonds and eliminating $22.8 million in outstanding principal. The refunding will save $15 million in today’s dollars.

As part of the refunding effort, TMWA’s credit rating was upgraded by Standard and Poors from “AA- (positive outlook) ” to “AA (stable outlook).” Moody’s reaffirmed TMWA’s stable outlook. The success of TMWA’s 2015 consolidation with Washoe County Department of Water Resources and the South Truckee Meadows General Improvement District together with implementation of the Truckee River Operating Agreement, as well as strong operational and financial management metrics, underpinned the credit ratings.

BaseVenture presents at startup conference

May 2, 2016 — 

BaseVenture, a new software as a service (SaaS) platform for private fund management and administration, was selection to be a presenter at Finovate Spring 2016 conference.

BaseVenture has an office and has an office at the Adams Hub Business Incubator in Carson City.

The startup will use the conference to unveil the company’s cloud-based platform that simplifies and automates the operations and administration for thousands of private funds. Finovate Spring 2016 is a two-day showcase of the latest innovations in financial technology (FinTech) from leading established companies and emerging young startups.

Miles Construction project

May 2, 2016 — 

Miles Construction is currently performing an extensive interior remodel and exterior showroom addition to Dick Campagni’s Capital Ford in Carson City. The 5,000-square-foot remodel includes a complete renovation of the existing showroom, restrooms, business offices and customer lounge.

The renovations will be completed by early summer.

Law firm moves into downtown

May 2, 2016 — 

The law firm of Bremer Whyte Brown & O’Meara, LLP has leased 2,090 square feet of office space at 50 W. Liberty Street in downtown Reno.

Bremer Whyte was represented by Pat Morrissey of Morrissey Realty in the transaction. The landlord, Basin Street Properties, was represented by Dominic Brunetti and Scott Shanks of Dickson Commercial.

Bremer Whyte has more than 80 attorneys with offices in Newport Beach, Los Angeles, San Diego, Riverside, Northern California, Las Vegas, Reno, Phoenix, and Denver.

Berger Hannafin acquires Carson building

May 2, 2016 — 

Berger Hannafin Architecture, LLP has acquired a building at 312 West 3rd Street in Carson City.

The largest architectural firm in the Carson Valley area, Berger Hannafin’s list of customers includes such prominent clients as the Carson City School District, the Lyon County School District, Carson Tahoe Hospital, Miles Construction and Northstar Construction. Berger Hannafin has completed projects in a wide array of fields including retail, health and fitness s, education, community centers, auto and motorcycle dealerships.

Samba in Incline Village

May 2, 2016 — 

Samba TV has opened a facility in Incline Village and will hire up to 30 positions in northern Nevada.

The company will receive business incentives that were approved by the State of Nevada in March.

Samba’s office opening will help the company expand operations as it looks to accommodate rapid growth to expand its capabilities in real-time TV analytics.

Rail City opens new buffet

May 2, 2016 — 

Rail City casino in Sparks is launching a new buffet.

It showcases ‘made-from-scratch cuisine, including Asian and Italian and steak and seafood.

The new buffet will also offers theme nights and exotic dining.

The Buffet at Rail City is open Monday - Thursday for brunch 11 a.m. to 2 p.m. and dinner 4-9 p.m.; Friday for brunch 11 a.m. to 2 p.m. and dinner 4-10 p.m.; and Saturday and Sunday for brunch 9 a.m. to 2p.m. and dinner 4-10 p.m.

GSR's buffet

May 2, 2016 — 

The Grand Sierra Resort has added The Grand Buffet to its Restaurant Row.

The buffet features live action stations with culinary options including Americana, seafood, Smoke House, Pacific Rim, Mediterranean Soups, salads, and vegetables and desserts.

Blind Onion at UNR

April 27, 2016 — 

Blind Onion Pizza & Wings will add a location on the third floor of the Joe Crowley Student Union on the University of Nevada, Reno campus.

The menu will include pizzas, pizza by the slice, salads, sandwiches and a large variety of wings.

The full kitchen at the student union also allows the restaurant to expand the menu to include some pasta and grilled items.Owneer Michael Rapisura said they are also exploring the possibility of offering breakfast.

The former occupant of Blind Onion’s space, Cantina Del Lobo, will move to the food court on the second floor of the student union.

ITS redesigns Web site

April 26, 2016 — 

ITS Logistics, a third-party logistics company, has launched a new Web site at its4logistics.com.

The new site, designed by Noble Studios, highlights the company’s recent growth and successes, its family-oriented mission and values, and commitment to the local community.

Noble Studios' offices renovated

April 26, 2016 — 

Noble Studios completed a remodel and expansion of its Reno offices to facilitate the continued growth in its business.

The $300,000 remodel was expedited through a two-week timeline with local contractors. The timeline allowed the agency to keep open for business while the interior of the location was completely reconfigured. Noble Studios now occupies 10,000 square feet at 50 W. Liberty St.

Taxable room sales

April 26, 2016 — 

Taxable room revenues in Washoe County for March was $24,360,848, which is above the prior year by $4,698,429 (23.9 percent), according to the Reno-Sparks Convention & Visitors Authority.

Cash occupied room nights of 298,258 are above the prior year by 32,985 (12.4 percent).

Farr West moves

April 26, 2016 — 

Farr West Engineering has moved to a new building in the same business park it has occupied for the last 10 years.

Farr West’s address is at 5510 Longley Lane in Reno.

RTIA recognized

April 26, 2016 — 

Reno-Tahoe International Airport was presented the award for best customer service from Airport Revenue News, a national aviation publication, at the 2016 ARN Revenue Conference and Exhibition in Dallas.

Reno-Tahoe International Airport competed against 18 other commercial airports with 4 million annual passengers or less.

OWA annouces scholarship

April 26, 2016 — 

Oliver, Wickes & Associates, a financial services and wealth management firm in Reno, will award a scholarship to a member of the Girl Scouts of the Sierra Nevada on May 7.

The scholarship award is in honor of the Girls Scouts 100-year anniversary.

The Girl Scouts of the Sierra Nevada will honor its girl members who have earned the highest awards in Girl Scouting during the past year at the annual All That Glitters Awards Ceremony at the Atlantis Casino Resort Spa. Nine girls will receive the esteemed Gold Award, nine will receive their Silver Award, and 97 will receive their Bronze Award. Oliver, Wickes & Associates will award one Gold recipient a $1,000 scholarship to be placed in a 529 college savings plan.

Barrick's first quarter results

April 26, 2016 — 

Barrick Gold Corp., reported adjusted net earnings of $127 million ($0.11 per share), and a net loss of $83 million ($0.07 per share), in the first quarter of 2016.

The company generated $181 million in free cash flow in the first quarter, marking four consecutive quarters of positive free cash flow. First quarter EBITDA was $696 million. It also reported gold production in the first quarter was 1.28 million ounces at all-in sustaining costs (AISC) of $706 per ounce.

The company has reduced total debt by $842 million year-to-date, and contends it remains on track to achieve our $2 billion debt reduction target for the year.

Barrick also announced its board of directors have declared a dividend for the quarter of 2 cents per share, payable on June 15, to shareholders of record at the close of business on May 31.

For a full first-quarter report, go online at: http://www.barrick.com/investors/news/news-details/2016/Barrick-Reports-First-Quarter-2016-Results/default.aspx?utm_source=ext&utm_medium=email&utm_campaign=Q1-16.

Montbleu job fair

April 26, 2016 — 

Montbleu Resort Casino & Spa Lake Tahoe will host a job fair from Wednesday, May 4 from 10 a.m. to 6 p.m. at its convention center.

Montbleu is looking to fill positions for servers, cooks, spa therapists, security, and dealers among others.

Plumas' record earnings

April 21, 2016 — 

Plumas Bancorp., the parent company of Plumas Bank, reported first quarter 2016 earnings of $1.6 million or $0.32 per share, an increase of $358 thousand from $1.2 million or $0.25 per share during the first quarter of 2015. The $1.6 million represents the highest level of earnings, for any first quarter, in the history of Plumas Bancorp. Diluted earnings per share increased from $0.24 per share during the three months ended March 31, to $0.31 per share during the current three-month period.

Governors Cup winners

April 21, 2016 — 

Northern Nevada collegiate winners of the 12th Annual D.W. Reynolds Governor’s Cup business plan competition include:

Undergraduate: First Place, $25,000, TEKTOR; Sierra Nevada College.

Graduate: Second Place, $15,000, MOCCs Technologies; University of Nevada, Reno.

Krysta Bea Jackson from University of Nevada, Reno, as outstanding faculty advisors.

Chaperone by TEKTOR, a safety product targeted to equine facilities, came out on top among undergraduate business plans. SNC Tahoe students Megan McClintock, Lena Stroheker, and Marissa Hushaw developed a plan for an electronic first-responder notification for injured horseback riders, with the goal of expanding to other recreational markets. TEKTOR received a $25,000 cash prize and the opportunity to compete in the Donald W. Reynolds Tri-State Competition (finalists hail from Arkansas, Nevada and Oklahoma) on May 25-26 in Las Vegas.

Warrior Adventure Rapport, the brainchild of SNC Tahoe students Jason Maynez, Nick Galantowicz and Gregory Gonzalez, won the Lt. Governor’s Award, and a $10,000 prize. Their business, an outdoor recreational therapeutic program to treat PTSD, was designed to help veterans of war.

Monarch's first quarter revenue

April 21, 2016 — 

Monarch Casino & Resort, parent company of the Atlantis Casino, Resort Spa, reported 2016 first quarter net revenue of $49.8 million and adjusted EBITDA of $11 Million inclusive of $1.4 million of Reno Property Enhancement Expenses.

Eldorado first quarter report

April 21, 2016 — 

Eldorado Resorts, Inc. will report its 2016 first quarter financial results after the market closes on Thursday, May 5. The company will host a conference call and webcast at 4:30 p.m. to review the results.

To access the conference call, interested parties may dial 719-457-2729, conference ID 4631993 (domestic and international callers). Participants can also access a live webcast of the call through the “Events & Presentations” section of Eldorado’s website at http://www.eldoradoresorts.com/. A webcast replay will be available for 90 days following the live event at http://www.eldoradoresorts.com/.

NV Energy ranking

April 21, 2016 — 

NV Energy has been named as one of the select group of energy companies that connected the most megawatts of solar energy to the power grid in the United States in 2015, earning a spot on the annual Top 10 utility solar lists compiled by the Smart Electric Power Alliance, formerly the Solar Electric Power Association.

In survey results released April 12, NV Energy ranked No. 7 among investor-owned utilities.

NV Energy had added 224 megawatts of installed solar capacity in 2015 alone. The 2015 listings are the fourth time that NV Energy has made SEPA’s Top 10 list.

The 2015 success was primarily based on three large-scale solar projects that achieved commercial operation during the year, as well as NV Energy’s support of private solar energy installations through its SolarGenerations program. The 19.5-megawatt Fort Churchill Solar Array near Yerington, Nevada came on line early in 2015, and both the 110-megawatt Crescent Dunes Solar project near Tonopah, Nevada and 15-megawatt Nellis Solar Array II project came on line late in the year.

Pro Group honored

April 21, 2016 — 

Pro Group Management, Inc., an administrator of self insured groups for workers’ compensation with offices in Carson City, Elko, and Las Vegas, has been named as the 2016 top award winner for Self-Insured Administration in the U.S. and the top recognized leader in Alternative Risk Solutions in the U.S. by Corporate America Magazine.

Corporate America is a magazine for CEOs, top tier management and key decision makers across the U.S. created to inform, influence, and shape the corporate conversation across the nation. The awards are dedicated to recognizing and rewarding excellence, best practice and innovation across the American finance industry.

ElectraTherm powers Japan

April 21, 2016 — 

ElectraTherm, a Reno-based distributor of waste heat to power generation, commissioned the Power+ Generator 4400 in Beppu, Japan.

This is the first Power+ Generator in the country and it utilizes geothermal heat to generate fuel-free, emission-free electricity at the site.

Itronics' first quarter report

April 21, 2016 — 

Itronics Inc., a diversified fertilizer and silver producing green technology company based in Reno, announced sales results and summarized its operations and diversification progress for the first quarter ended March 31.

Total first quarter sales decreased 30 percent on a 30 percent decrease in fertilizer sales, an 8 percent increase in silver sales and a 15 percent increase in photo services sales.

Total revenues for the three months ended March 31, 2016 were $373,000 compared to $530,000 in the same period in 2015. Silver sales, the silver stripped from the wastes used to manufacture the fertilizers, increased eight percent. Photo Services increased 15 percent due to a 39 percent increase in spent silver-bearing photo liquids being received. Silver content of those liquids increased by 57 percent and is now in the unprocessed photo liquid inventory for future recovery.

For a full report, go online at: http://www.marketwired.com/press-release/-2116477.htm.

Entrée gets approval

April 21, 2016 — 

Entrée Gold Inc., announces a significant advance towards permitting of its 100 percent-owned Ann Mason copper-molybdenum porphyry deposit in Yerington. On April 1, the Entrée received an approved Waters of the US/Wetlands jurisdictional determination from the Regulatory Division of the U.S. Army Corps of Engineers According to USACE, the water drainages on the Ann Mason Project are considered “isolated waters with no apparent interstate or foreign commerce connection” and as a result, no permit under Section 404 of the Clean Water Act is required for Ann Mason.

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