News Briefs November 11

Cascon named MVP
Ridgefield-based Cascon Transportation Equipment recently received the National Truck Equipment Association’s Member Verification Program status. MVP participants meet a standard of quality business practices set forth by NTEA. A total of 86 members achieved MVP status as of July 1; Cascon was one of only six companies on the West Coast to achieve MPV status in the first round of the program, meeting all criteria.

Nautilus announced 33 percent net sales growth
Nautilus announced third quarter financial results with a net sales growth of 33 percent. Net sales for the three months ending Sept. 30 were $163.3 million compared to $123.2 million for the same period last year.

For the fourth quarter of 2005, the company estimates that net sales will grow approximately 25 percent compared to the same period last year. Meanwhile, fourth quarter 2005 earnings are expected to grow to $0.44 to $0.48 per diluted share, up from $0.42 per share during the year ago quarter when the company achieved 50 percent earnings improvement. Nautilus expects its full year 2005 earnings to be $1.06 to $1.10 per share, on annual sales of around $660 million.

Vancouver Planning Commission to hear views on sign regulations
The Vancouver Planning Commission has scheduled a work session on Dec. 13 at 4 p.m. in City Hall Council Chambers to consider changes to the city’s sign regulations. The focus will be on regulations that are difficult to implement and regulations that need clarification. Planning commission members will also consider a timeline for adopting and implementing any needed changes. A wholesale rewrite of the sign code is not anticipated.

Although the work session is informational and not a public hearing, the public is invited to attend and provide input for commissioners’ consideration. Comments may also be submitted in writing and should be mailed to Azam Babar, PO Box 1995 Vancouver WA 98668-1995 or e-mailed to

The complete text of existing sign regulations is available on the city’s Web site,

NFIB announces 2006 Young Entrepreneur Awards
The Young Entrepreneur Foundation of the National Federation of Independent Business annually awards $1,000 scholarship awards to high school seniors who have demonstrated entrepreneurial initiative in a variety of ways, including test scores, membership in civic organizations such as Junior Achievement or the 4-H, or having already begun a small enterprise of their own.

Applications will be accepted between Jan. 2 and March 15, 2006. Visit for more information.

Westfield charity event issues more than 10K tickets
Westfield Works Wonders, the annual charity event sponsored by Qwest at Westfield Vancouver, will be held on Nov. 13 from 6 p.m. to 9 p.m. More than 55 charities are participating thus far, selling $5 tickets and keeping 100 percent of the proceeds generated from ticket sales. More than 10,000 tickets have been issued to charities to date. For a list of participating charities, contact the management office at 360-892-6255. For more information, visit

D&C Briefs

Port to request bids for bulk mineral storage
Port of Vancouver USA will solicit bids on a 67,200-square-foot pre-engineered modular building for bulk mineral storage at Terminal 2. This will accommodate additional needs in 2006 as projected by customers. Port staff has identified $2 million for bulk facility improvements at Terminal 2 in the preliminary 2006 capital budget, approved by the Board of Commissioners. The cost of this building is estimated at $925,000. Award of this contract will be subject to the Board of Commissioners’ approval of the 2006 budget.

Hilton wins environmental management award
The Washington State Hotel & Lodging Association awarded the Hilton Vancouver Washington with its Enviro-Management Award.

Programs receiving awards demonstrate success in energy conservation; solid waste reduction; effluents and emissions; water conservation; purchasing; and/or business issues including guest demands, community issues, land use and development, training and policy.

The hotel is currently registered with the U.S. Green Building Council and is scheduled to receive a Leadership in Energy and Environmental Design (LEED) rating in early 2006, which would make it the first newly constructed, freestanding, LEED certified hotel in the United States.

The hotel’s Executive Chef Nathan Read is also committed to sustainability. Chef Read buys and prepares produce, meat, fish, cheese, wine and bread from local farmers and producers.
IT Briefs

Learning for Life announces 2005 Tech Award nominees
The Portland chapter of Learning for Life, an organization dedicated to preparing at risk youth to successfully handle the complexities of today’s society, announced the nominees for the 2005 Tech Awards.

The Tech Awards were created to help recognize outstanding local technology companies and raise money for the Learning for Life organization.

Two Vancouver companies have been nominated: Dotster Inc. in the Privately Held Company of the Year category and Stoel Rives LLP in the Service Provider of the Year category.

The 22nd annual Tech Awards will honor the year’s most prestigious and innovative technology companies in the Portland metropolitan area Thursday, Nov. 17, 7 p.m., at The Governor Hotel.
B&F Briefs

Riverview reported second quarter income up 35 percent
Last month Riverview Bancorp Inc. reported fiscal second quarter net income increased 35 percent compared to a year earlier, to $2.6 million, or $0.45 per diluted share, on revenues of $10.6 million for the quarter, up 42 percent from a year ago. Assets grew 41 percent to $739 million, deposits increased 46 percent to $600 million and loans grew 50 percent to $579 million during the twelve months ending Sept. 30.

Ron Wysaske, president and COO, presented at the America’s Community Bankers Investor Conference in New York on Thursday, Nov. 10. Riverview Bancorp Inc. is headquartered in Vancouver.

Washington joins national title insurance settlement
Insurance Commissioner Mike Kreidler signed onto a $2.5 million national settlement against title insurer Fidelity National for providing kickbacks to Wells Fargo, guaranteeing nearly 600 Washington consumers a share of the settlement.

According to the settlement, some consumers who used Wells Fargo to finance their home loans were directed to Fidelity National for title insurance. In turn, Fidelity passed on a portion of the premium to a captive reinsurance company owned by Wells Fargo.

Although reinsurance is a legitimate and routine way that insurers hand off some of their risk, title insurance is widely considered to be low-risk and not generally in need of reinsurance.

Anyone who purchased title insurance from Fidelity National for Wells Fargo loans during 2003-2004 may be eligible to participate in the settlement. Refunds will range from $20 to $60. Visit or call Fidelity National at 800-694-9787.
WD Briefs

Clark College receives awards for workforce development piece
For their work in publications and media relations, Clark College communications specialists have been honored by District VII of the National Council for Marketing and Public Relations (NCMPR).

The NCMPR Medallion Awards competition recognizes outstanding publications, advertising, and promotional campaigns created by college relations professionals. The communications staff won the gold medallion for their media relations work. The media entry, "Creating Opportunities," focused on the revitalization of the Workforce Development program at Clark College.

The communications team received a silver medallion for Clark College Connections, the college’s newly redesigned class schedule.

Nell Gladson, Barbara Kerr, Jane Vanderzanden, Maya Muller, Mary Geraci and Ian Beckett worked on the award-winning projects.

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