Business roundup: Apple Ugly may come in double chocolate variety soon
Salisbury-based Apple Baking Co. ó makers of the Apple Ugly ó is thinking about introducing a Double Chocolate Ugly but wants to have the input of local consumers first.
“It’s a trial run, and they want to get feedback from people before they decide whether to go to full production,” says Pat Pearson, who handles the Apple Baking account for Miller Davis.
People interested in tasting the new chocolate/chocolate chip Ugly can purchase a case of 36 for $10 at the company’s plant off Woodleaf Road at 380 Apple Road.
Evaluation forms are in each case and online at www.applebaking.com.
It’s a chance for all the food critics out there.
While Apple Ugly is the company’s most famous variety, the company also makes blueberry, chocolate chip, raspberry and raisin honey Uglies.
Sam Morgan joins Miller Davis
Sam Morgan of Sowers Ferry Road has joined the team of graphic designers at Salisbury’s Miller Davis, an integrated marketing and advertising firm.
Morgan has won numerous awards for illustrations, cartoons, designs and art direction while working as an art director for advertising agencies and businesses in the Charlotte/Greensboro/ Winston-Salem areas.
He previously worked as art director for Pic ‘n’ Pay Corp., creative services director and promotional art director for Knight Publishing Co. (The Charlotte Observer), art director of Morris, White & Associates, senior art director for The Lyerly Agency, senior art director for ACI Design, senior art director for Long, Haymes & Carr, art director for The Design Group, creative director for The Jordan Group, and senior art director at Coyne Beahm, Inc.
He is a graduate of the School of Design at North Carolina State University. He has taught advertising classes at Rowan-Cabarrus Community College and served as a judge for several Addy Award competitions for advertising. He is a member of the Spencer Volunteer Fire Department and a past member of the Spencer Board of Aldermen. He is married to Sherry Lovette and together they have three children.
Barbecue Business magazine’s first issue
Those who love barbecue now have their own magazine devoted to everything from back yard barbecuing and grilling to barbecue restaurants and caterers, those who develop recipes, the manufacturers and suppliers who make this pastime possible.
As co-founder and editor Jarrial A. Stokes says, “We hope we can bring all factions of barbecue together nationwide as well as worldwide.”
Barbecue Business is available online at www.amazon. com, in bookstores, at restaurants and at http://www.barbecuebusiness.net/.
It costs $5.95 for the summer edition; $20 for an annual subscription.
Lawn care business opens in Cleveland
Larry Sheets of Cleveland has announced the startup of his Hometown Lawn Care and Handyman Service.
His services include general lawn care, tree and shrub trimming, tiller work and leaf removal.
His handyman work includes gutter cleaning, household and outdoor odd jobs.
He says his slogan is, “No job is too small.”
Sheets is available for residential and commercial jobs and can be reached at 704-433-7514.
Free estimates are available.
CommunityOne Bank has loss for quarter
ASHEBORO ó FNB United Corp., the holding company for CommunityOne Bank, reported a net loss of $1.2 million, or 11 cents per diluted share, for the second quarter of 2009.
That compares to net income of $140,000, or 1 cent per diluted share, for the second quarter a year ago.
Second quarter 2009 results include a $5.5 million provision for loan losses.
For the first six months of the year, following a $19.6 million provision for loan losses, it reported a net loss of $7.4 million, or 65 cents per diluted share, compared to net income of $2.5 million, or 22 cents per diluted share, in the first six months of 2008.
Michael C. Miller, president and chief executive officer, said:
“Our year-to-date results have been negatively affected by the reserves set aside and loans written down due to diminished loan quality, an other than temporary impairment (OTTI) on an investment security of $1.0 million and an FDIC assessment exceeding $1.0 million.
“The decline related to loan quality is a result of the sluggish housing economy as well as our continued aggressive policy on loan re-evaluations focused on the value of collateral and the level and pace of sales.”
Miller said the bank has set aside significant reserves for the last four quarters, doubling its allowance for loan losses.
The bank remains “well capitalized” under all regulatory requirements., Miller said.
“Although we anticipate provision for loan losses may continue to be elevated during the second half of 2009, it is expected that it will be at lower levels than provisions recognized over the last three quarters,” Miller said.
“We are encouraged about the future, as we believe our operating results will be sufficient to sustain us through these difficult economic times. We have the capital and the liquidity to carry us forward.”
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