Image courtesy of Control Concepts Inc. A DAZIC speed switch can run for decades when it’s installed correctly and sometimes even when it’s not.
One of the world’s largest manufacturers of sustainable, fiber-based products had been using Control Concepts’ DAZIC speed switches since the early 2000s. The company produces paper, packaging, and pulp material for hygiene products, diapers, and pharmaceuticals, which are exported to 25,000 customers in 150 countries.
In 2006, the company installed DAZIC 8100 switches on its conveyor belts. Years passed, plant managers changed, equipment changed, and the DAZIC switches kept on running. The switches worked so well that people forgot they were even there.
The Dow Jones Industrial Average (DJIA) has rallied substantially since November 2020, after hitting a multi-month low. The rebound was exceptional, fuelled in large part by the passage of a $900 billion stimulus package, and the political trifecta: A Democratic-controlled Executive, Senate, and House. Plus, there is increasingly bullish sentiment among traders, speculators, and investors. The Dow is hovering above the 50-day moving average of 30,376.40, and the 200-day moving average of 27,680.11. The performance of the NASDAQ composite index has been equally stunning, soaring from November lows to 13,610.54, well above the 50-day MA and the 200-day MA. It looks like the bull run has plenty of gas left in the tank.
Litigation Release No. 25019 / January 29, 2021
Securities and Exchange Commission v. Revolutionary Concepts, Inc., et al., No. 1:18-cv-01832-RWS (N.D. Ga. filed April 27, 2018)
On January 22, 2021, the United States District Court for the Northern District of Georgia entered final judgment on the SEC s fraud and beneficial ownership reporting claims against Solomon RC Ali (a/k/a Richard M. Carter). Among other measures, the final judgment imposed penalties of $107,500 and barred Ali from acting as an officer or director of a public company for ten years.
The SEC s complaint, filed on April 27, 2018, alleges that Ali, while a Senior Vice President at Revolutionary Concepts, Inc. (REVO), arranged for REVO to enter into several sham transactions in which REVO would purportedly acquire valuable assets from companies that he portrayed in the press releases as independent. Ali then touted the sham transactions in press releases as being highly lucrative for REVO, while claiming that
04:00 AM EST Share These are the largest commercial building permits by job cost issued Dec. 21 by the city of Jacksonville.
Apartments
Rose Capital 2160 LLC, 1701 Copeland St., No. 7, contractor is 27 South Home Group LLC, 1,953 square feet, renovation, $15,000.
Industrial
Trailer Bridge Inc., 10405 New Berlin Road E., contractor is Ace Door & Windows Service Inc., window and door replacement, $48,691.
Office, Bank, Professional
VyStar Credit Union, 100 W. Bay St., contractor is Dana B. Kenyon Co., 11,500 unenclosed square feet, breezeway renovation, $1.62 million.
Yellowbird Birdhouse LLC, 13361 Atlantic Blvd., contractor is DCM Consultants LLC, 6,351 square feet, renovation, $492,457.
Advanced Dermatology, 1639 Atlantic Blvd., No. 201, contractor is Suncoast Industrial & Construction Services Inc., 3,960 square feet, second-floor tenant expansion, $396,000.
By Staff
The nonprofit Community Concepts Finance Corp. in Lewiston today installed a veteran state legislator as its new president.
Nate Libby, D-Lewiston, has been working with Community Concepts as a consultant on two wellness shelter projects since April, according to a news release.
“Community Concepts Finance Corp. believes all individuals, families and communities can be financially secure and the programs and services we offer directly address what I view as our state’s biggest challenge: growing our economy and household incomes,” Libby said in the release. “I look forward to leading an outstanding team in support of our mission.”