Showing posts with label MBE Capital Call. Show all posts
Showing posts with label MBE Capital Call. Show all posts

Wednesday, August 6, 2008

Looking for U.S. based Minority Business Enterprises/Entrepreneurs

VHCDC-MBE Capital Connect™ is looking for U.S. based Minority Business Enterprises/Entrepreneurs with innovative, marketable solutions within the Business Products and Services, Consumer Products and Services, E-Commerce, Energy, Entertainment/Media, Internet, Telecommunications, and Technology industries to enter the Top-MBE Business Plan Competition to win a spot to pitch their business opportunity to active angel investors, lenders, and venture capitalists. Pitching sessions will be conducted Friday, September 26th during the 2008 MBE Capital Call. Entries will be evaluated against the same criteria used by active investors to screen potential investment opportunities.

Interested parties must register to be considered. Logon to:
www.mbecapitalcall.com today to register.

James R Taylor, Director
VHCDC-MBE Capital Connect™
www.vhcdc.org
757.671.8333 VM
jtaylor@vhcdc.org

Friday, August 31, 2007

This Week's Events and News

Social Investors Launch Campaign to Halt Proposed Changes to Proxy Access Rules

According to Portfolio.com, "Socially concerned investors groups say they won't stand by and see Securities and Exchange Commission chairman Christopher Cox crimp their right to demand company accountability on important issues like the business risks of climate change. The Social Investment Forum, the Interfaith Center on Corporate Responsibility and Ceres, a coalition of investors, environmental groups and others, unveiled a new web site to attract 500 institutions and financial professionals to sign a joint statement against proposed S.E.C. changes."

As we noted earlier,

"Those most directly impacted by the policy change are large in number but divided and unorganized. These include shareholder groups like the Interfaith Center on Corporate Responsibility, labor-related funds, faith-based pension funds, 'socially responsible' mutual funds, and individual stockholders...these groups have been unable to mount the type of strategic, sustained effort, or bring forward the new ideas and analysis required to prevent the imposition of a more restrictive shareholder access policy."

This effort is an attempt to even the field. We are not sure it will work, but time will tell.

President of Standard and Poors Steps Down


"Kathleen Corbet, president of the credit rating company Standard and Poor’s, resigned after lawmakers and investors criticized the company for failing to judge the risks of securities backed by subprime mortgages."

Terror Free Investment Product

To divest their money from terror-sponsoring nations got another push Wednesday with a new plan aimed at making college savings investments "terror-free."

Last year, Missouri became the first state to order its employee pension funds to dump shares of companies that deal with Iran, North Korea, Sudan and Syria, all of which are on the U.S. State Department's list of terror-sponsoring nations."

As we noted, we think the SEC was on the right track when it posted online tools to assist in this process. See: http://twisri.blogspot.com/2007/07/sec-backs-off.html

SEC News and Enforcement Actions

On August 23, 2007, the Securities and Exchange Commission "filed an emergency action to shut down a $25 million Ponzi scheme that victimized hundreds of senior and other investors nationwide who bought fractional ownership interests in life insurance policies. The Commission alleges that Donald Neuhaus of Redding, Calif., his daughter Kimberley Snowden, and their company Secure Investment Services, Inc., orchestrated the Ponzi scheme that falsely promised safe, secure and profitable interests in life insurance policies known as "viaticals" while failing to disclose the dire financial condition of the investment venture. Many of the investors were elderly and invested their retirement savings. The Commission also alleges the father-daughter fraudsters pocketed $700,000 for their personal use while the scam was on the verge of collapse."

On August 28, 2007, the Securities and Exchange Commission announced "fraud charges against a Bay Area attorney for her role in illegally backdating stock option grants. The Commission charged Lisa C. Berry with routinely backdating option grants from 1997 to 2003, first as General Counsel of KLA-Tencor Corporation and then as General Counsel of Juniper Networks, Inc. The Commission alleges that Berry's misconduct caused the two companies to conceal hundreds of millions of dollars in stock option compensation expenses relating to undisclosed in-the-money options provided to company executives and employees. "

Also on August 28, 2007, The Commission "filed a settled enforcement action against Juniper, an information technology company based in Sunnyvale, Calif. Without admitting or denying the allegations, Juniper has consented to a permanent injunction against violations of the antifraud and other provisions of the federal securities laws. KLA, a San Jose-based semiconductor equipment company, previously settled charges brought by the Commission"

The Diversity Portfolio

The Creative Investment Research, Inc. Diversity Portfolio contains equity investments in some of the largest U.S. companies. These companies have been selected for inclusion because they have outstanding financial and diversity performance. Diversity performance is calculated by reviewing several key measures: Human capital, CEO commitment, and supplier diversity. From 4/7/06 to 8/30/07, the model portfolio returned 15.56% versus an 15.48% return for the market, as measured by the S&P 500 Index, a major stock market index (without considering dividends. Returns calculated before fees deducted. Past performance is no guarantee of future returns.) See DiversityFund.net for more information...

Angels Descend on Minority Business Enterprises

Investors gather to consider investments in top minority-owned ventures.

Virginia Housing and Community Development Corporation (VHCDC) continues its pioneering initiatives to facilitate the flow of capital to Minority Business Enterprises (MBEs) with the announcement of the 2007 MBE Capital Call Conference, Exhibition, and Venture Forum -- September 20 & 21 in Hampton, Virginia. The MBE Capital Call presents entrepreneurs with innovative and marketable business ideas the opportunity to secure capital, and other essential resources, by "Pitching" their business plans to active, accredited investors. This event invites Entrepreneurs, aspiring entrepreneurs, Investors, aspiring investors, and College/University Students to Hampton, Virginia for a rewarding two day conference aimed at facilitating investment in minority- and women-owned businesses.

VHCDC created the MBE Capital Call to expose and connect MBEs, particularly African-American, Hispanic, and Native American entrepreneurs, to capital (funding) to start and grow or expand their business. This year, twenty-one (21) entrepreneurs will be selected to pitch their business plans to active, accredited investors. A team of active investors and business development professionals will select the presenters from among registrations received thru August 10, 2007. Presenters will be judged on several criteria and may pitch plans for virtually any industry/business sector.

Registration is easy, and there's no additional cost to enter the competition. Business owners, aspiring entrepreneurs, investors, lenders, and students may register by visiting the MBE Capital Call website: www.mbecapitalcall.com now for complete details, registration, and terms and conditions.

Thursday, August 23, 2007

This Week's Events and News

SEC News and Enforcement Actions

On August 9, 2007, the Securities and Exchange Commission "filed a civil injunctive action against former senior officials of Nicor, Inc., a major Chicago-area natural gas distributor, alleging financial fraud lasting from 1999 to 2002. The SEC's complaint alleges that former Chairman, CEO and President Thomas Fisher, former CFO and Executive Vice-President Kathleen Halloran, and former Treasurer and Vice-President George Behrens engaged in or approved improper transactions, and misrepresented Nicor's gas inventory in order to meet earnings targets and increase the company's revenues under a performance-based utility rate plan."

On August 13, 2007, the Securities and Exchange Commission announced "the distribution of approximately $55.6 million in Fair Funds to more than 200,000 investors who were harmed by fraudulent market timing in certain Banc One mutual funds (One Group Funds). The Fair Fund resulted from a settled enforcement action in which Banc One Investment Advisors Corporation (BOIA) agreed to pay $10 million in disgorgement and $40 million in civil penalties to settle charges of unlawful market timing. The entire Fair Fund, plus accumulated interest, has been distributed to investors."

On August 17, 2007, the Securities and Exchange Commission "filed fraud charges against Michael J. Byrd, a former Chief Financial Officer and Chief Operating Officer of Brocade Communications Systems, Inc., alleging that he disregarded indications that other senior corporate executives were improperly backdating stock option grants at the company. The Commission alleges that Byrd, of Saratoga, Calif., learned of instances in which Brocade's then-CEO and others were backdating options for certain individuals, yet failed to ensure that the company properly accounted for the option expenses and disclosed them to investors."

Greenbacks in green investing -Investment funds likely to grow

"Green is good. At least that's the bet of an increasing number of investment fund managers, retirees and armchair stock pickers who are pouring billions into so-called green stocks, and not necessarily for the love of nature.

They're chasing lucrative returns from companies that promise new ways to recycle, power automobiles and harness the wind and sun. Many have had success.

Green investment funds that have been around for at least a year report double-digit gains for the past 12 months. The KDL Global Climate 100 Index, which tracks companies working to offset global warming or its effects, is up nearly 25 percent."

See: http://www.montereyherald.com/business/ci_6677264?nclick_check=1

Investing with your values

According to The Truro Daily News,"While the primary goal of investing is to earn a reasonable profit, for many people it is important that their profit not come at the expense of compromising their social values.

In an era of increased awareness of social issues, many investors may be thinking about the social and environmental effects of their investment portfolios.

Socially responsible investing can encompass a variety of themes. The most common considerations are avoiding “sin stocks” such as firearms, alcohol, tobacco or gaming companies and avoiding companies with questionable labour or environmental practices. In more recent times there has also been a trend to favour companies that demonstrate sound corporate governance practices."

See: http://trurodaily.com/index.cfm?sid=55710&sc=73

We cannot ignore the environment - Climate change will be one of the biggest investment themes of the next 20 years

According to an 8/20/07 comment by published in Financial News Online, "With parts of Britain under water and forest fires in southern Europe this summer as well as the worst of the annual hurricane season yet to hit the Caribbean and southern US, it is hard to get away from news of climate change and how it is affecting daily life.

Without wanting to praise those who led the argument that climate change is the most serious issue facing the human race, it also represents one of the biggest investment themes for the next 20 years.

As such, it is time investors understood how and why climate change and investing are related and how they can adjust their portfolios accordingly.

This is not just about socially responsible investing or even whether you believe the scientific evidence. As an asset manager we have a fiduciary responsibility to provide investors with the best risk-adjusted returns looking at market trends and emerging sectors. It is becoming apparent that our responsibility extends to include environmental considerations in this analysis."

See: http://www.financialnews-us.com/?page=uscomment&contentid=2348577733

The Diversity Portfolio

The Creative Investment Research, Inc. Diversity Portfolio contains equity investments in some of the largest U.S. companies. These companies have been selected for inclusion because they have outstanding financial and diversity performance. Diversity performance is calculated by reviewing several key measures: Human capital, CEO commitment, and supplier diversity. From 4/7/06 to 8/22/07, the model portfolio returned 16.58% versus an 15.93% return for the market, as measured by the S&P 500 Index, a major stock market index (without considering dividends. Returns calculated before fees deducted. Past performance is no guarantee of future returns.) See DiversityFund.net for more information...

Angels Descend on Minority Business Enterprises

Investors gather to consider investments in top minority-owned ventures.

Portsmouth, VA (PRWEB) July 17, 2007 -- Virginia Housing and Community Development Corporation (VHCDC) continues its pioneering initiatives to facilitate the flow of capital to Minority Business Enterprises (MBEs) with the announcement of the 2007 MBE Capital Call Conference, Exhibition, and Venture Forum -- September 20 & 21 in Hampton, Virginia. The MBE Capital Call presents entrepreneurs with innovative and marketable business ideas the opportunity to secure capital, and other essential resources, by "Pitching" their business plans to active, accredited investors. This event invites Entrepreneurs, aspiring entrepreneurs, Investors, aspiring investors, and College/University Students to Hampton, Virginia for a rewarding two day conference aimed at facilitating investment in minority- and women-owned businesses.

VHCDC created the MBE Capital Call to expose and connect MBEs, particularly African-American, Hispanic, and Native American entrepreneurs, to capital (funding) to start and grow or expand their business. This year, twenty-one (21) entrepreneurs will be selected to pitch their business plans to active, accredited investors. A team of active investors and business development professionals will select the presenters from among registrations received thru August 10, 2007. Presenters will be judged on several criteria and may pitch plans for virtually any industry/business sector.

Registration is easy, and there's no additional cost to enter the competition. Business owners, aspiring entrepreneurs, investors, lenders, and students may register by visiting the MBE Capital Call website: www.mbecapitalcall.com now for complete details, registration, and terms and conditions.

Wednesday, July 18, 2007

This Week's events and news

Social Investments Forum will be held in Vladivostok

According to the Vladivostok Times, "The goal of the Forum is to promote the idea of social investments through creation of partnerships among local/regional authorities, businesses and non-commercial organizations (NGOs) for successful Territory"s socio-economic development. The New Eurasia Foundation Russian Far East Affiliate Office, in partnership with the Primorsky Territory Administration will hold SOCIAL INVESTMENTS FORUM IN THE RUSSIAN FAR EAST on July 27, 2007 in the framework of the first Pacific Economic Congress "Russia and Asia-Pacific - from cooperation to integration."

St. John’s Endowment Investments Outperform Those of a Majority of Higher Education Institution

According to St. John's University, "A recently released NACUBO study indicates that St. John’s surpassed 90 percent of 700-plus colleges and universities in average annual rate of return on investments in the three-year period ending June 30, 2006. Most impressively, St. John’s outpaced many of the schools with endowments over $1 billion, with a return of 15.6 percent vs. their average return of 15.3 percent. The three-year average return for all schools reporting was 11.9 percent.

Former Investment Committee Chair Peter D’Angelo ‘78MBA, who remains a member of the Committee, points to the University’s Vincentian and Catholic values as drivers of many investment decisions. 'As a Catholic university, St. John’s has also adopted a social investing policy which is provided to the managers in our portfolio,' he says. 'It is our intention to promote the basic moral values of fairness, respect for human life, defense of human rights and social justice.'"

TIAA-CREF Adds 2% Target For Proactive Social Investments In CREF Social Choice Account

TIAA-CREF announced a "two percent target allocation to proactive social investments within the fixed income portion of its CREF Social Choice account (the Account). The two percent target will be based on the Account's total net assets."

Doing well by doing good

According to Philippine News.com, "
Many investors have strong opinions that don’t involve their views on interest rates and stock prices. They want their holdings to reflect their values by avoiding companies that profit from activities they oppose, and supporting those that behave in ways they consider appropriate or responsible. At the same time, they still want to earn a reasonable return on their portfolios.

Socially responsible investing ('SRI') helps investors meet these goals by practicing an investment strategy designed to deliver an acceptable level of performance while excluding companies that don’t meet certain ethical standards."

SEC Enforcement Actions

On July 12, 2007, the Securities and Exchange Commission "filed a civil injunctive action against Michael F. Shanahan, Sr. (Shanahan), the former Chief Executive Officer and Chairman of the Board of Engineered Support Systems, Inc., and his son, Michael F. Shanahan, Jr. (Shanahan Jr.), a former member of Engineered Support's Compensation Committee of its Board of Directors, alleging that they participated in a fraudulent scheme in which they granted undisclosed, in-the-money stock options to themselves and to other Engineered Support officers, employees, and directors. According to the complaint, Engineered Support employees and directors received approximately $20 million in unauthorized and undisclosed compensation as a result of the backdating, $16 million of which was received by top executives and directors. Shanahan personally profited from the backdating scheme by more than $8.9 million."

The Diversity Portfolio

The Creative Investment Research, Inc. Diversity Portfolio contains equity investments in some of the largest U.S. companies. These companies have been selected for inclusion because they have outstanding financial and diversity performance. Diversity performance is calculated by reviewing several key measures: Human capital, CEO commitment, and supplier diversity. From 4/7/06 to 7/17/07, the model portfolio returned 23.93% versus a 22.45% return for the market, as measured by the S&P 500 Index, a major stock market index (without considering dividends. Returns calculated before fees deducted. Past performance is no guarantee of future returns.) See DiversityFund.net for more information...

Angels Descend on Minority Business Enterprises

Investors gather to consider investments in top minority-owned ventures.

Portsmouth, VA (PRWEB) July 17, 2007 -- Virginia Housing and Community Development Corporation (VHCDC) continues its pioneering initiatives to facilitate the flow of capital to Minority Business Enterprises (MBEs) with the announcement of the 2007 MBE Capital Call Conference, Exhibition, and Venture Forum -- September 20 & 21 in Hampton, Virginia. The MBE Capital Call presents entrepreneurs with innovative and marketable business ideas the opportunity to secure capital, and other essential resources, by "Pitching" their business plans to active, accredited investors. This event invites Entrepreneurs, aspiring entrepreneurs, Investors, aspiring investors, and College/University Students to Hampton, Virginia for a rewarding two day conference aimed at facilitating investment in minority- and women-owned businesses.

VHCDC created the MBE Capital Call to expose and connect MBEs, particularly African-American, Hispanic, and Native American entrepreneurs, to capital (funding) to start and grow or expand their business. This year, twenty-one (21) entrepreneurs will be selected to pitch their business plans to active, accredited investors. A team of active investors and business development professionals will select the presenters from among registrations received thru August 10, 2007. Presenters will be judged on several criteria and may pitch plans for virtually any industry/business sector.

Registration is easy, and there's no additional cost to enter the competition. Business owners, aspiring entrepreneurs, investors, lenders, and students may register by visiting the MBE Capital Call website: www.mbecapitalcall.com now for complete details, registration, and terms and conditions.