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Family makes Forbes 400 list

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Forbes Magazine recently released its Forbes Four Hundred list. The prestigious occupants of the list average a net worth in excess of $1 billion. Since 1990, 230 people have joined this elite classification. In the Forbes Four Hundred Class of 1996, 43 people (one in nine) are newcomers, displacing other members who previously resided on… Continue Reading Family makes Forbes 400 list

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NetLYNX sold to local firm

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NetLYNX Internet Services has been bought by Fate Technologies, a Colorado Springs-based web-site developer. NetLYNX was formerly part of Sisna Internet Service Exchange Inc. Fate bought the Internet provider to increase its services to customers. The joined company now employs eight people and will add four by the end of 1996. It also has hired… Continue Reading NetLYNX sold to local firm

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SPT increases production

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Signal Processing Technologies has spent approximately $1.7 million to increase production of its high-end specialty integrated circuits at its Colorado Springs plant. SPT purchased $1.5 million in manufacturing equipment in the last three months, including a $1 million tester from Hewlett Packard, one of the SPT’s customers. SPT supplies HP with components for its test… Continue Reading SPT increases production

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Harris garners large contract

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A contract totaling $5 million has recently been awarded to Colorado Springs-based Harris Technical Services Corp., a wholly owned subsidiary of the Florida-based Harris Corp. This branch of the corporation reports to the Electronic Systems Sector through the information services division. The contract was awarded by the U.S. Air Force and all work is scheduled… Continue Reading Harris garners large contract

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PI Connections merges with Intercell

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A little more than seven weeks after PI Connections moved into its new facilities, the company was bought out by Intercell Corp. of Phoenix for 1.4 million shares of restricted stock. The stock is valued at approximately $6.9 million. Under the agreement, PI will become Particle Interconnect Corp., a wholly owned subsidiary of Intercell Corp.… Continue Reading PI Connections merges with Intercell

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EDSS partners, goes wireless

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Electronic Data Submissions Systems Inc., a Colorado Springs-based company, has recently created an alliance with National Wireless Holdings Inc. EDSS is one of the country’s leading health care electronic data interchanges, and it is ranked as Colorado’s largest provider of electronic transmission of medical claims. The company has implemented a system that expedites the tedious… Continue Reading EDSS partners, goes wireless

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Bank of the Rockies builds

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Bank of the Rockies, which has been located in small building at 4328 Edison Ave. since its inception in 1982, has broken ground on a 4,600-square-foot location directly next door to where it is currently housed. Bank President Tim Sundgren and his brother, Kent, who serves as vice president, bought the bank from its previous… Continue Reading Bank of the Rockies builds

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Array intros product

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Array Microsystems Inc., founded in 1991 in Colorado Springs, will expand its operations as it introduces a revolutionary product to the computer industry. The company, located at 1420 Quail Lake Loop, is a leading developer of video compression and decompression integrated circuits and subsystem level products for video-based multimedia applications. In lay terms, the company’s… Continue Reading Array intros product

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Airport land will be developed

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A Washington state investment company, which won a bidding war against those eager to buy a 256-acre parcel of land near the Colorado Springs Airport, has announced massive plans for the prime land. The company, Soaring Eagles Orchards Inc., purchased the land from Digital Equipment Corp. for $1.9 million in 1995. Since that time, the… Continue Reading Airport land will be developed

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PacRim Buys Building

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PacRim, an importer of party goods, recently purchased 10,800-square-foot industrial building at 650 Elkton Drive for $495,000. Mike Matkin of Palmer McAllister represented PacRim in this purchase. He said PacRim has been renting space. The building on Elkton Drive is larger than what it has now. PacRim is expected to move into the building in… Continue Reading PacRim Buys Building

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