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Marketwire – Management Changes:

Former Austin Energy CIO and Smart Grid Pioneer Joins Proximetry to Advance Wireless Network Management Solutions in Smart Energy and More

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Proximetry Adds Smart Energy Veteran Andres Carvallo to Management Team

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Continue here: Celebrated Entrepreneur/Philanthropist Red McCombs Named to Cinsay, Inc. Board of Directors Following Significant Equity Investment in eCommerce Technology Developer

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Victory Energy Corporation Appoints Kenneth Hill to Its Board of Directors

April 4, 2011

NEWPORT BEACH, CA–(Marketwire – April 4, 2011) – Victory Energy Corporation ( PINKSHEETS : VYEY ), an oil and gas exploration and development company, today announced the appointment of Kenneth Hill to its board of directors. Mr. Hill currently serves as vice president and chief operating officer for the Company, responsible for managing operations, overseeing contract negotiations, field oversight and administration at the Company’s Austin, Texas location.

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Alternative Technology Partners Appoints Randy Russell as Executive Vice President of Sales; Company Expands With New Office in Austin, Texas

February 3, 2011

ALISO VIEJO, CA–(Marketwire – February 3, 2011) – Alternative Technology Partners, a fast-growing ERP and CRM solutions provider, today announced that industry veteran Randy Russell has joined the company as executive vice president of sales and will lead efforts to grow its customer base. To support Alternative’s growth plans and to better service companies in the Southwest region, the company also has added a new office in Austin, Texas.

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Victory Energy Appoints David B. McCall to Its Board of Directors

January 20, 2011

NEWPORT BEACH, CA–(Marketwire – January 20, 2011) – Victory Energy Corporation ( PINKSHEETS : VYEY ) today announced that it has appointed David B. McCall to its Board of Directors. Mr. McCall has over 35 years of experience in the oil and gas industry, and is currently a partner in The McCall Firm in Austin, Texas.

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Natural Oil Flow And Sales Continue from Austin Exploration Limited (ASX:AKK) Existing Texas Well

January 11, 2011

Natural Oil Flow And Sales Continue from Austin Exploration Limited (ASX:AKK) Existing Texas Well

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Retail Watch: Whole Foods Green Lights New Expansion Phase

November 11, 2010

Whole Foods Market, an Austin, TX-based natural foods supermarket chain, is prepping for a new round of expansion. Last week, the company signed seven new U.S. leases averaging 33,000 square feet in Laguna Niguel, CA; Miami, FL; Minnetonka, MN; Charlotte…

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Sidley Austin advises Goldman Sachs, ING Bank

August 12, 2010

Sidley Austin advises Goldman Sachs, ING Bank

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Video: Deutsche Bank’s Modoff Says Cisco Shares `Attractive’: Video

August 11, 2010

Aug. 11 (Bloomberg) — Brian Modoff, an analyst at Deutsche Bank AG, talks about Cisco Systems Inc.’s financial results and growth prospects. Cisco, the largest maker of networking equipment, forecast sales this quarter that missed analysts’ estimates as companies rein in spending because of the sluggish economy. Modoff speaks with Bloomberg’s Susan Li from Austin, Texas. (Source: Bloomberg)

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AboveNet Names Eric Nickla as Executive Director of Sales for Central Region

June 22, 2010

Company Expands Central Region to Include Chicago, Austin, Dallas and Houston Metro Markets

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Video: Schenker Doubts `Major’ Impact on Oil Supply From Spill: Video

June 3, 2010

June 3 (Bloomberg) — Jason Schenker, president of Prestige Economics LLC, an Austin, Texas-based energy consultant, talks with Bloomberg’s Julie Hyman and Mark Crumpton the possible impact of BP Plc’s oil spill in the Gulf of Mexico on crude oil supplies. Schenker also discusses the outlook for global oil demand, and tomorrow’s U.S. non-farm payrolls report. (Source: Bloomberg)

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Lease Up/Lease Down (May 30 – June 5): HP Laying Off 9,000, Hiring 6,000

May 31, 2010

Editor’s Note: This week, I will be attending the NAREE Conference in Austin, TX, to accept an award for last year’s special report, Landlords Offer Major Perks in Uncertain Market. As a result, Lease Up and Lease Down have been condensed, and will…

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Video: Greg McCormack Discusses BP’s Efforts to Stop Oil Leak: Video

May 28, 2010

May 28 (Bloomberg) — Greg McCormack, director of the Petroleum Extension Service at the University of Texas at Austin, talks with Bloomberg’s Betty Liu about BP Plc’s efforts to stop the flow of oil from a leaking well in the Gulf of Mexico. (Source: Bloomberg)

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Steve Parker: Breaking – Formula 1 returns to America!

May 25, 2010

Purpose-built track in Austin, TX will host from 2012 through 2021; as we predicted, with Tony George out of the way of F1 and Indianapolis Motor Speedway, an agreement is finally signed. Courtesy FORMULA1.COM: Formula One World Championship Limited and Formula One Administration Limited (together, the F1 Commercial Rights Holder) and Full Throttle Productions, LP, promoter of the Formula 1 United States Grand Prix™, announce that a historic agreement has been reached for Austin, Texas to serve as the host city of the Formula 1 United States Grand Prix™ for years 2012 through 2021. Ferrari at speed at 2009′s Japan Grand Prix “We are extremely honoured and proud to reach an agreement with the F1 Commercial Rights Holder. We have been diligently working together for several years to bring this great event to Austin, the State of Texas and back to the United States. All parties involved have a great amount of trust and confidence in each other and are committed to establishing the Formula 1 United States Grand Prix™ in Austin, Texas as a prestigious global event,” stated Tavo Hellmund, Managing Partner of Full Throttle Productions, LP. Bernie Ecclestone, President and CEO of the Formula One Group stated: “For the first time in the history of Formula One in the United States, a world-class facility will be purpose-built to host the event. It was thirty years ago that the Formula 1 United States Grand Prix™ was last held on a purpose-built permanent road course circuit in Watkins Glen, NY (1961-1980), which enjoyed great success. Since then, Formula One has been hosted by Long Beach, Las Vegas, Detroit, Dallas and Phoenix all on temporary street circuits. Indianapolis joined the ranks of host cities in 2000 when they added a road course inside the famed oval. Lewis Hamilton won the last Formula 1 United States Grand Prix™ in 2007, signalling the end to eight years at Indianapolis Motor Speedway. This however, will be the first time a facility is constructed from the ground up specifically for Formula One in the US.” www.JamesAllenOnF1.com says: “There is a major push to bring the USA under the F1 umbrella. The failure of the USF1 team was an embarrassment, but now it seems that there are efforts to resurrect the idea of an American team and You Tube founder Chad Hurley is still linked with this. Ferrari president Luca di Montezemolo has a better idea, he believes. He said in an interview today that he dreams of a third Ferrari in the stars and stripes colors.” Comments?

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In The Pipeline: CoStar Development and Construction News for May 9 – 15

May 11, 2010

This week’s In The Pipeline includes news that construction will resume on a 10-story office project in Washington, D.C. idled by bankruptcy; developers are planning a mixed-use project between Austin and San Antonio that could total up to 1.75 million…

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Burleson completes sale of Austin Chalk wells and acreage

April 7, 2010

Burleson completes sale of Austin Chalk wells and acreage

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Pilot’s IRS Suicide Note Probed After Plane Is Crashed Into Texas Building

February 18, 2010

By Darrell Preston and Justin Blum Feb. 18 (Bloomberg) — Federal authorities are investigating a Web site suicide note and an Austin, Texas, house fire linked to a pilot who crashed his small plane into a building in the Texas capital containing offices of the U.S. Internal Revenue Service, said a law enforcement official with knowledge of the investigation. The pilot was identified as Joseph A. Stack, said the law- enforcement official, who spoke on the condition of anonymity because he was not authorized to comment publicly. Investigators are probing whether Stack set fire to his house before crashing the plane, the official said. Spokesmen for the Federal Bureau of Investigation and the Department of Homeland Security said that initial indications show no ties to organized terrorism. “It does not appear to be terrorism,” White House spokesman Robert Gibbs told reporters traveling with President Barack Obama on Air Force One today. The Department of Homeland Security “is looking at all angles,” he said. Authorities are looking into a Web site suicide note signed “Joe Stack (1956-2010)” that may have been posted by the 53- year-old Stack, which described his anguish over years of battling with the Internal Revenue Service. “Violence not only is the answer, it is the only answer,” the letter said. “Well, Mr. Big Brother IRS man, let’s try something different; take my pound of flesh and sleep well.” One Unaccounted For Austin police said in a news conference that they have accounted for all but one person believed to be in the building when it was hit by the plane. They were trying to determine whether that person had been at work before the accident. The IRS said in a statement it employed 190 people in the Echelon 1 building in Austin. North American Aerospace Defense Command, which oversees defense of airspace over the United States and Canada, said in a statement that it launched two F-16 fighter aircraft from Ellington Field in Houston in response to the crash. Witnesses interviewed by the Associated Press described windows exploding and flames shooting out after the plane rammed the building. “It felt like a bomb blew off,” Peggy Walker, an IRS revenue officer, told the AP. Walker said she was sitting at her desk in the building when the plane hit. “The ceiling caved in and windows blew in. We got up and ran,” she said. In witness accounts posted on the Austin American-Statesman newspaper Web site, William Winnie, identified as an Internal Revenue Service agent, described watching the plane come straight at the building from a window on the third floor. “It looked like it was coming right in my window,” Winnie told the Statesman. The plane turned and dove into the floors below him, Winnie said. ‘Isolated Incident’ The plane was a Piper Cherokee PA 28 that took off from the airport in Georgetown, 30 miles north of Austin, at 9:40 a.m., said Diane Spitaliere, a Federal Aviation Administration spokeswoman, in an interview in Washington. The plane wasn’t stolen as initially reported by local news outlets, said Art Acevedo, Austin police chief, in a press conference broadcast on the Internet. “I can tell you categorically there is no concern from a law enforcement or terrorism perspective,” said Acevedo. “This is an isolated incident.” Firefighters were called to a burning home in Austin before the crash. Public records showed the house was owned by Andrew Joseph Stack. The American-Statesman reported that a neighbor ran to the house when he saw it in flames, and later saw a woman and young girl drive up in a car. Neighbors believed the two to be Stack’s wife and daughter, the paper reported. A Red Cross spokeswoman said they were assisting two people who were “remarkably calm, clearly distraught” and “physically fine,” the paper said. To contact the reporters on this story: Justin Blum in Washington at jblum4@bloomberg.net ; Darrell Preston in Dallas at dpreston@bloomberg.net ;

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Former Opus North CEO Joins Trammell Crow

February 11, 2010

Daniel Queenan, the former president and CEO of Opus North Corp., joined Trammell Crow Co. in Chicago as president of central operations. He will head the firm’s Austin, Chicago, Dallas and Houston branches and TCC’s Healthcare Initiative. Queenan…

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Hill Country Galleria Sold at Bankruptcy Auction for $75M

February 4, 2010

Chicago-based REIT Management & Research is the new owner of Hill Country Galleria, a 1.28 million-square-foot mixed-use lifestyle center located in Bee Cave, TX (a suburb of Austin) that filed bankruptcy in May of last year. The investment company won…

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Austin home prices still falling

December 21, 2009

are still falling, but slower than earlier this year, a First American CoreLogic Inc. analysis reported today. The real estate research firm found Austin-Round Rock home prices, including distressed sales, declined by 2.83 percent in October 2009

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Video: Galbraith Expects U.S. Unemployment to `Linger’ at 10%: Video

October 29, 2009

Oct. 29 (Bloomberg) — James Galbraith, an economics professor at the University of Texas in Austin, talks with Bloomberg’s Lori Rothman about the U.S. economy and labor market. (This report is an excerpt. Source: Bloomberg)

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Sidley Austin advises Sinotruk in cooperation project with MAN SE

October 14, 2009

Sidley Austin advises Sinotruk in cooperation project with MAN SE

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Virgin America Chief Studies Atlanta, Dallas After Adding Florida Flights

August 11, 2009

By Mary Jane Credeur Aug. 11 (Bloomberg) — Virgin America Inc., the low-fare airline partly owned by U.K. billionaire Richard Branson , is studying whether to fly to Atlanta, Dallas and Austin, Texas, as it adds Florida routes, Chief Executive Officer David Cush said. “Atlanta is certainly on the list. It’s a big corporate headquarters city,” Cush, 49, said in a telephone interview. “We have analyzed Dallas and Austin, places with big corporate and technology bases that certainly would have some synergies with San Francisco and Los Angeles.” Serving Atlanta and Dallas would put Virgin America into the hometown airports of Delta Air Lines Inc. , the world’s biggest carrier, and No. 2 American Airlines. Chicago, where rivals have so far refused to cede gates, remains at the top of Virgin America’s expansion choices, Cush said. “Virgin would be going into the heart of these big hubs, and neither competitor would back off,” said Michael Derchin , an analyst at FTN Equity Capital Markets Corp. in New York. “They’ll be met with some fierce resistance. If they could make those flights break even, they could probably make it work.” Virgin America, which began flying in August 2007, unveiled Fort Lauderdale, Florida, as its 10th U.S. market today. Flights start Nov. 18 from San Francisco and Los Angeles, the Burlingame, California-based airline said in a statement. Corporate Headquarters The cities Cush suggested as possible destinations include the homes of Atlanta-based Coca-Cola Co. , the world’s largest soft-drink maker, and Dallas-based AT&T Inc. , the biggest U.S. phone company. Dell Inc. , the world’s second-largest maker of personal computers, is based in the Austin suburb of Round Rock. Toronto and Vancouver also are being studied as possible additions to the airline’s system, said Cush, a former executive at AMR Corp. ’s American, which is based in Fort Worth, Texas. Virgin America, whose fleet consists of Airbus SAS A320s and A319s, may be interested in the 40 Airbus jets owned by Frontier Airlines Holdings Inc. should the Denver-based carrier be bought by Southwest Airlines Co. and sell the planes, Cush said. Most of Frontier’s jets are 5 years old or younger, according to Ascend Online Fleets data. Their Honeywell International Inc. electronics and engines by CFM International, a joint venture of General Electric Co. and Safran SA of France, would mesh with the equipment on Virgin America jets, Cush said. ‘Right Economics’ “Those are recent-vintage aircraft, and under the right economics, we would be interested,” Cush said. “In taking used aircraft, you’d look at the commonality. They have similar avionics and engines. We’d be interested in looking at that.” Talks continue with potential new U.S. investors, and Virgin America may add one or more by the end of the year, Cush said. The airline has been in “constant consultation” with the U.S. Department of Transportation about the matter, he said. Cush said there have been no changes to Virgin America’s investor base and board. The Wall Street Journal reported in March that majority shareholders Cyrus Capital Partners LP and Black Canyon Capital LLC sold stakes to Branson’s Virgin Group Ltd. , the London-based parent of Virgin Atlantic Airways Ltd. Broader U.S. ownership may deflect claims by Alaska Air Group Inc. that Virgin America is violating federal laws limiting foreign ownership of domestic carriers to no more than 25 percent of voting stock. “The DOT is satisfied with what we are telling them,” Cush said. “I’m hopeful that in the near future we’ll have resolution to it.” To contact the reporter on this story: Mary Jane Credeur in Atlanta at mcredeur@bloomberg.net .

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Video: In-Depth Look – Dollars & Cents Of Work Outside Workplace

August 7, 2009

Interview and discussion with Daniel Hamermesh of the University of Texas at Austin. He talks about the alternative work of those unemployed. (Bloomberg News)

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