Raytheon Division Sold

Nassau Radio: Digital Audio

More Move-Outs

Total’s Buy

Expansions

Management Moves

Contracts Awarded

Deaths

Business Directory

Corrections or additions?

Published in U.S. 1 Newspaper on April 19, 2000. All rights

reserved.

Allelix Leaves

E-mail: BarbaraFox@princetoninfo.com

The new owners of Allelix Neuroscience Inc. closed the

facility on Cedar Brook Drive in Cranbury on Friday, April 14.

Operations

will continue in Salt Lake City, Utah, where the new owner (MPS

Pharmaceuticals)

is based, and in Toronto, where the previous owner is. The firm will

be known as MPS Allelix. All 23 employees including the researchers

have been terminated; half left in January. In this job market, most

of those who wanted jobs have found jobs.

A division of Allelix Biopharmaceuticals, the company is involved

with the research and development of neuroscience therapeutics —

drugs of the central nervous system. Its drugs sought to block the

removal of neurotransmitters from the brain. The company opened

its New Jersey office in South Plainfield in April 1994 (U.S. 1, May

12-1999).

Formerly known as Trophix Pharmaceuticals, Allelix was formed around

the work coming out of the laboratory of Ira Black, a scientist at

the University of Medicine and Dentistry of New Jersey. It hoped to

survive in the R&D marketplace without selling too many of the

research

treasures on the shelves.

William W. Crouse of Healthcare Ventures, based on Nassau Street,

was the early funder of the firm. When the IPO market for biotechs

began to dry up, HealthcareVentures sold it in 1997 to Allelix

Biopharmaceuticals,

a Toronto-based biopharmaceutical company.

The Cranbury-based laboratories specialize in therapies for the

central

nervous system and the brain. With Janssen Pharmaceutica it had been

developing products for schizophrenia and neuropathic pain — pain

that occurs when nerves are injured by cancer tumors, viral

infections,

or surgery. A third area of research: Trying to reduce abnormal

contractions

that cause muscle spasms in those suffering from spinal cord injury,

multiple sclerosis, stroke, or cerebral palsy.

Allelix Neuroscience Inc. (AXB), 7 Cedar Brook

Drive, Cedar Brook Corporate Center, Cranbury 8152. 609-860-6640;

fax, 609-860-7996. Home page: www.allelix.com.

Top Of Page
Raytheon Division Sold

Raytheon Co., which brought the regional headquarters

of its engineering and construction business to the Carnegie Center

with much fanfare three years ago, is selling that unit for more than

$800 million to Morrison Knudsen Corp. of Boise, Idaho. According

to Dennis Washington, CEO of Morrison Knudsen, the price amounts to

just 3.l7 times operating earnings.

Of the 14,000 workers employed by Raytheon Engineers & constructors

worldwide, 850 employees work at the Carnegie Center. Raytheon ranks

in the top 25 corporate employers in the Princeton area.

The Carnegie Center became the home of Raytheon’s regional

headquarters

and its energy-related business group starting in June 1997, the same

month as the groundbreaking for Carnegie 510 (U.S. 1, January 8,

1997).

Though the projected number of jobs was 1,400, that many workers never

came and, in fact, a small number were laid off two years ago. Neither

company would comment on whether the Carnegie Center unit would be

moved or downsized.

The Wall Street Journal has been reporting that investors continually

urged Raytheon to sell this piece of the business. As the

third-largest

military contractor in the United States, most of Raytheon’s annual

revenue (about $20 billion) comes from defense products such as its

well-known guided missiles (the Gulf War’s Patriot). Founded in 1922,

it went public in 1952.

Raytheon Engineers & Constructors International had about $2.6 billion

in revenues last year but took a first quarter loss. It has had

difficulties

restraining costs on fixed-price contracts due to such problems as

labor strikes and bad weather.

It serves clients in a wide variety of industries, including power,

chemicals, steel, foods, pharmaceuticals, and infrastructure. It has

three business units: Raytheon Service Company (an internal

organization),

Cedarapids Inc. (which makes construction equipment for the road

building

industry), and Raytheon Engineers & Constructors Inc (which won the

contract for New Jersey Transit’s light rail system between Hoboken

and Bayonne). In addition to Princeton, other groups are located in

Houston, Chicago, Iowa, Alabama, and New York City.

With this purchase, which will double the company’s $2.25 billion

sales, Morrison Knudsen aims to lead the heavy construction industry

by leveraging Raytheon’s engineering skills with its own emphasis

on contract execution. For five of its outstanding contracts, Raytheon

promises to partially indemnify the buyer in the case of cost

overruns,

according to the Wall Street Journal.

Raytheon Engineers & Constructors, 510 Carnegie

Center, Princeton 08540-5287. Robert W. Zaist, vice president.

609-720-2000;

fax, 609-720-2050. Home page: www.raytheon.com.

Top Of Page
Nassau Radio: Digital Audio

Nassau Broadcasting is growing: The 600 Alexander

Road-based

radio network has announced intentions of an initial public offering.

And, whether that happens sooner or later in the wake of last week’s

market meltdown, is also partnering with a well known technology force

to improve its signals.

Lucent Digital Radio is going to test a new digital audio broadcasting

system with Nassau Broadcasting Partners, its first test of with a

commercial system. The radio network includes 17 FM and 15 AM stations

in New Jersey, New York, Pennsylvania, and Connecticut. These stations

bring in an estimated $60 million in revenue, putting Nassau in the

top 20 of U.S. radio companies by that measure.

Lucent Technologies’ wholly-owned venture will evaluate such issues

as interference, range of signal, and audio quality. Lucent’s In-Band

On-Channel Digital Audio Broadcast system is supposed to enhance

current

systems for AM radio and bring FM radio up to near CD quality.

Nassau airs three of its Princeton area stations from its headquarters

on Alexander Road. Last month it did a merger involving $185 million

in stock with Aurora Communications, which has nine stations in New

York and Connecticut. Also in March it bought two stations in

Allentown,

Pennsylvania.

Such expansion has been possible only since 1996 when a federal law

nullified restrictions against one company owning multiple stations

in a region. Regional operators allow stations to consolidate and

cut costs.

Nassau Broadcasting Partners LP, 619 Alexander

Road, Box 1350, Princeton 08540. Louis F. Mercatanti Jr., CEO.

609-419-0300;

fax, 609-419-0143. Home page: www.nbplp.com.

Top Of Page
More Move-Outs

Center for Concept Development, 33 State Road,

Suite J, Princeton. Eugene J. Cafarelli, president.

The market research firm, which focused on product development, has

moved to Philadelphia. The new phone is 215-717-0370; fax

215-717-0371.

Sagotsky Media Learning, 186 Tamarack Circle,

Skillman

08558. John McCormick, manager. 609-921-8778. Home page:

www.medialearning.com.

The distributor of videos for business training has moved to offices

in Rosemont, Pennsylvania, along with Media Learning Resources. Mail

is being forwarded to 919 Conestoga Road, Building II, Suite 304,

Rosemont 19010 — 800-474-1604.

Chiralizer Services, 666 Plainsboro Road, Suite

655, Plainsboro. William S. Letter, president. 609-936-9374. Home

page: www.chiralizer.com.

Chiralizer has expanded and moved to 12 Penns Trail, Suite 131,

Newtown,

PA 18940, 215-497-9493; fax 215-497-9466. It does sales, training,

and consulting services for pharmaceutical laboratory instrument

manufacturers.

Transamerica Municipal Finance, 3100 Princeton

Pike, Building 4-C, Lawrenceville 08648. Martha Moseley, portfolio

manager. 609-620-9500; fax, 609-620-9550.

This firm is closing its Princeton office. Headquartered in Florida,

it specializes in the purchase of tax liens.

Top Of Page
Total’s Buy

For about $7.2 million including cash and notes Total

Research Corporation has bought Romtec PLC, a London-based Internet

research and marketing services company that specializes in the

information

technology and telecommunications markets. Total Research is a $41.5

million firm, as measured by annual revenues, and Romtec is a $6.6

million firm.

"Romtec expands our Internet data collection and delivery system

in Europe and allows Total Research to offer clients seamless delivery

of research and marketing services between the two continents,"

says Albert Angrisani, president and CEO of Total Research. For

instance,

its new syndicated service, E-ComTrak, tracks on-line purchase

patterns

of multiple IT products in Europe. The purchase also facilitates Total

Research’s evolution from a research company to an integrated

marketing

services company, says Angrisani.

Total Research Corp. (TOTL), 5 Independence Way,

Princeton Corporate Center, CN 5305, Princeton 08543-5305. Albert

A. Angrisani, president and CEO. 609-520-9100; fax, 609-987-8839.

Home page: www.totalres.com.

Top Of Page
Expansions

The Hennessy Group, 300 Alexander Park, Second

Floor, Princeton 08540. Robert D. Hennessy, managing director.

609-419-4402;

fax, 609-243-0045. Home page: www.thehennessygroup.com.

This executive search firm is moving from shared space at 707

Alexander

Road to its own office at 300 Alexander Park. The phone will be

609-419-9000.

It offers executive search and organizational design consulting

services

The Lichtman Associates PC, 205 Witherspoon Street,

Princeton 08542. Roger Lichtman, president. 609-924-5665; fax,

609-924-9490.

After being at 20 Nassau Street, Roger S. Lichtman has expanded his

eight-person office to a new location at 205 Witherspoon Street.

During

his career he has worked on correctional facilities with a total of

100,000 beds and a construction value of nearly $5 billion. Among

his projects is the design of the first drug rehabilitation program

behind bars in New Jersey — the Bergen County Jail Drug Treatment

Unit. He has also worked for four other states and the city of

Philadelphia.

Industrial projects include a 1.6 million square foot distribution

facility and two other large distribution projects in New York state

and city.

Recently he spent two weeks in Saipan as part of a federal government

task force setting up a prison, juvenile facility, and immigration

facility for the Commonwealth of the Northern Mariana Islands.

In contrast to the restrictive environments he must design for jails,

Lichtman says his new office is a place "in which work can be

fun."

Meta Security Group, 3530 Route 27, Kendall Park

08824. Peter Daley, regional manager. 732-821-3000.

This affiliate of an Atlanta-based computer consulting firm has moved

from 83 Princeton Avenue in Hopewell to Route 27 in Kendall Park.

The phone is new. It is also affiliated with the Meta Group in

Stamford,

Connecticut.

Voxware Inc. (VOXW), 305 College Road East,

Princeton

08540. Bathsheba J. Malsheen PhD, president and CEO. 609-514-4100;

fax, 609-514-4101. Home page: www.voxware.com/.

By acquiring a Seattle-based firm, Voxware has bought voice-based

hardware to use with a product offering Internet applications for

industrial clients. Voxware bought InRoad Inc. for $8.1 million.

Voxware

is a provider of integrated voice-based solutions for distribution

and logistics operations.

Top Of Page
Management Moves

American Boychoir School, 19 Lambert Drive,

Princeton

08540. John Ellis, president. 609-924-5858; fax, 609-924-5812. Home

page: www.americanboychoir.org.

Janet Kaltenbach is the new general manager of the school and touring

choirs, effective the end of May. She had been the principal

fundraiser

at the State Theater and New Brunswick Cultural Center for 12 years

and raised more than $18 million in capital investment and endowment

and more than $10 million in annual operating support.

She was previously general manager for symphony orchestras in Michigan

and Ohio. The school is a professional choir and school for boys in

grades six through eight.

Top Of Page
Contracts Awarded

NetGrocer Customer Service Center, 1112 Corporate

Boulevard, North Brunswick 08902. James R. Chambers, chairman and

CEO. 732-745-1000; fax, 732-745-0026. Home page:

www.netgrocer.com.

As the fate of Peapod, one of Netgrocer’s chief competitors, is being

sold, and as newcomers to this field multiply, Netgrocer has received

an infusion of cash: $30 million for a 22.34 percent stake in the

company has been offered by an Italian food company, Parmalat.

Parmalat

is a $6 billion, 40,000-employee food company that was founded in1961.

Last year it bought three dairy farms in New Jersey and one in

Brooklyn.

Parmalat and Netgrocer plan to expand Netgrocer to other continents.

The deal is supposed to be finalized at the end of this month.

Anyone nationwide can buy non-perishable groceries, drugstore, and

household items at www.netgrocer.com and have them delivered via

Federal

Express. An early entrant into this business, www.peapod.com, has

had its potential investors draw back, supposedly because of the

health

problems of the founder.

Top Of Page
Deaths

Virginia H. Dunham, 89, on March 14. She worked in the

book department at Princeton University Store. A memorial service

will be Saturday, April 29, at 10:30 a.m., in the University Chapel.

Gerald Garvey, 64, on April 9. An Air Force Academy

graduate,

he was professor of politics at Princeton University and a consultant

to the federal government.

John Nerres, 68, on April 10. He worked at Ortho

Pharmaceutical,

a subsidiary of Johnson & Johnson, and Executive Cartridge in

Princeton.

Kathleen Carla Barcellona, 50, on April 16. She had worked

for Princeton BMW, Mercer County College, and American Home Products.

Top Of Page
Business Directory

Corrections

AlphaGraphics Printshops of the Future, 12 Stults

Road, Suite 100, Dayton 08810. David Kovacs, general manager.

609-860-9444;

fax, 609-860-9449. Home page: www.alphaprinceton.com.

The website of Alphagraphics, which provides one to four-color

printing

and copying, digital printing, engineering copies, and fulfillment,

was listed incorrectly in the 2000 U.S. 1 Business Directory.

Avis at Larry’s Sunoco, Route 1 and Harrison

Street,

Princeton 08540. 609-452-8285; fax, 609-520-8747.

This car rental agency was not listed in the directory.

Computer Color Imaging, 1613 Reed Road, Box 708,

Pennington 08534. Kevin Brown. 609-737-2222; fax, 609-737-7621.

Computer Color Imaging, known as CCI, was erroneously listed with

the address, phone, and fax of a company no longer at that location.

CCI does prepress and printing, image retouching, and electronic page

assembly.

Dow Jones Training Services, Route 1 & Ridge Road,

Building 3, Box 300, Princeton 08543-0300. Mike Wishnick, training

manager. 609-520-5111; fax, 609-520-5479. Home page:

www.dj.com/training.

Errors were made in the listing for this computer training facility.

It is open to the public and available for on-site training.

Susan Guarneri Associates, 1101 Lawrence Road,

Lawrenceville 08648. Jack and Susan Guarneri, partners.

609-771-1669;

fax, 609-637-0449. Home page: www.Resume-Magic.com.

The home page for this business was listed incorrectly. The company

does career counseling, job search strategies, Internet job search,

resume preparation, and human resource training and development.

In-Situ Oxidative Technologies Inc. (ISOTEC), 51

Everett Drive, Suite A-10, West Windsor 08550. David Zervas,

president.

609-275-8500; fax, 609-275-9608. Home page:

www.isotec-online.com.

The web address was incorrectly listed for this company, which does

onsite chemical oxidation of soil and ground water contamination.

N.P. Morith Inc., 13 Roszel Road, Suite C-226,

Princeton 08540. Nancy P. Morith, president. 609-452-1571; fax,

609-452-1213.

The wrong zip code was listed for this long-term care planning and

insurance firm.


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