Money for Start-Ups

New in Town

Expansions

Crosstown Moves

Crime Watch

Deaths

Corrections or additions?

These articles by Barbara Fox was prepared for the January 11, 2006

issue of U.S. 1 Newspaper. All rights reserved.

Life in the Fast Lane

Next month Comcast will begin moving its regional office from

Eatontown to 36,000 square feet at Windsor Corporate Park, and it will

be joined by some other Comcast departments from north Jersey,

according to spokesperson Patrick MacElroy.

Windsor Corporate Park, the former Lockheed Martin property on

Princeton-Hightstown Road, has four buildings totaling nearly 300,000

square feet, and it is 85 percent leased.

Joe Fischer is the regional senior vice president of Comcast in

Eatontown, and the company’s lease is expiring there. In the lease for

its new space, formerly occupied by Maximus, it was represented by Tom

Romano of GVA Williams Buschman.

Another recently announced tenant is ClinPhone, which will expand from

Roszel Road, doubling its size and taking just over 42,000 square

feet. Romano and Steve Tolcash, also of GVA Williams Buschman,

represented the landlord, Windsor Ltd. Partnership of NJ.

No details are available on which Comcast departments will move to the

East Windsor location; the company is still in the process of

notifying its employees.

Comcast, 50 Millstone Road, Building 300, Windsor Corporate Park,

Suite 200, Cranbury 08512. Joe Fischer, regional senior vice

president.

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Money for Start-Ups

A $400,000 investment in a Pennsylvania-based venture capital fund is

the latest effort by the New Jersey Economic Development Authority to

encourage early-stage technology companies.

NextStage Capital LP, based in Audubon, Pennsylvania, is putting

together a $30 million equity fund for seed and early-stage investing

in the Mid-Atlantic region. NextStage aims to invest in early-stage

software and hardware technology and/or service companies, and it is

looking for entrepreneurs with solid track records in such industries

as financial services, health care, manufacturing, and communications.

The EDA’s $400,000 will leverage an additional $800,000 in equity

dollars, because the minimum requirement is a two-for-one match.

"Providing new sources of capital for technology companies through

direct state investment is an important element in New Jersey’s

overall economic development strategy," said EDA Chief Executive

Officer Caren S. Franzini in a press release issued January 4.

General partners Rob Adams, Dan McKinney and Terry Williams plan to

open a satellite office in south Jersey. As part of the deal, the

partners are developing a mentoring program for the graduates of the

EDA’s Entrepreneurial Training Institute for technology businesses.

In a previous commitment to emerging technology businesses in New

Jersey, the New Jersey Economic Development Authority allocated $2

million to the Edison VI Venture Fund. Late last summer the EDA

committed $10 million for a $40 million Garden State Life Sciences

Venture Fund, managed by Quaker Bioventures. The EDA has also invested

in the New Jersey Technology Council Venture Capital Fund.

New Jersey Economic Development Authority, 36 West State Street, Box

990, Trenton 08625-0990; 609-292-1800; fax, 609-292-5722. Caren S.

Franzini, CEO. www.njeda.com

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New in Town

Empower Technology Solutions Inc., 196 Princeton-Hightstown Road,

Building 2, Suite 14, West Windsor 08550; 609-275-6700; fax,

609-275-6311. Venkat Maram, president. www.empowertsi.com

Empower Technology Solutions Inc. opened an office at 196

Princeton-Hightstown Road earlier this year. It has another office in

Milford, Massachusetts. Its consultants help IT companies with

high-risk, technology dependent business projects – application

development and maintenance, enterprise resource planning

implementation, business intelligence, and E-solutions.

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Expansions

Huntington Learning Center, 4120 Quakerbridge Road, Lawrenceville

08648; 609-750-9200; fax, 609-750-9201. Colin Schreiber. Home page:

www.huntingtonlearning.com

Huntington Learning Center has moved to 2,500 square feet at 4120

Quakerbridge Road. Along with similar centers located in Pennington

and East Brunswick, it offers children, ages 5-17, supplemental

instruction in reading, writing, mathematics, study skills, phonics,

and related areas, with the goal of helping them to succeed in school.

"With the new space at Quakerbridge Village Commons, we have also

staffed up to meet the increased demand for exam prep services, which

we have found is growing rapidly within the highly competitive

Princeton-area schools," says Colin Schreiber, director. "We continue

to provide both SAT, ACT, and SSAT training on a one-to-one basis for

competitive students with aspirations to get into better schools and

colleges."

CMP Princeton Inc., 212 Carnegie Center, Suite 203, Princeton 08540;

609-452-2800; fax, 609-452-2875. Michael Kazakoff, vice president.

Home page: www.cmpprinceton.com

CMP Princeton moved from 125 Village Boulevard at Forrestal Village to

subleased space from Hannover Fairs, where it occupies 6,000 of the

10,000 square feet there. The firm has 25 employees. This office, in

its earliest form, was Seatrade, focusing on cruise and shipping

shows. It was also known as Miller Freeman and had been a division of

United News and Media.

Like Hannover Fairs, CMP produces international trade fairs and

conferences.

New Jersey Analytical Laboratories, 1580 Reed Road, Suite A1,

Pennington 08534; 609-737-3477; fax, 609-737-3052. Allen Thomas,

president/partner. Home page: www.NJAL.com

New Jersey Analytical Laboratories has made its third move in the five

years since it was founded in 1999 from 1590 to 1580 Reed. The company

does environmental testing of air, water, and soil that supports New

Jersey Environmental regulations.

The growth from the two original partners to 13 employees has been fed

largely by the 2002 Private Well Testing Act and the Clean Water Act.

The new space has 10,000 square feet of laboratory and office space

and the company has another 2,000 feet of laboratory space at a

different location.

GeoSyntec Consultants, 3131 Princeton Pike, Suite 205, Lawrenceville

08648; 609-895-1400; fax, 609-895-1401. Mary F. DeFlaun PhD,

principal. Home page: geosyntec.com

A branch of GeoSyntec consultants, an environmental engineering

consulting firm, has moved to 3131 Princeton Pike from 1 Airport Place

in Research Park, Suite 3. Having opened its local operation in 2002,

the firm has moved to larger quarters of 3,000 square feet and expects

to expand beyond its current five employees.

Scott Drew, branch manager, says that initial problem investigations

are expected to move to design and implementation of full-scale

systems.

GeoSyntec has done research projects for remediation and cleanup of

ground water locally. Headquarters are in Boca Raton, but the largest

office is in Atlanta, Georgia. It offers environmental, geotechnical,

and remedial engineering consulting and design services.

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Crosstown Moves

LFL Veritas LLC, 3967 Princeton Pike, Lawrenceville 08648;

609-882-4171; fax, 609-883-4090. Hal Levenson, president. Home page:

www.lflveritas.com

LFL Veritas LLC moved from 1230 Parkway Avenue to 3967 Princeton Pike.

The company has another office in Teaneck. The company offers

management advisory, tax, accounting and auditing, and litigation

support services as well as wealth management.

Foam Technology Inc., 1 Rossmoor Drive, Suite 200, Jamesburg 08831;

609-655-7777; fax, 609-655-5122. Chris Galamb, general manager.

Foam Technology, which sells firefighting foam and equipment, moved

within the building to the second floor.

Top Of Page
Crime Watch

Alan E. Ottenstein, formerly a neurologist at 2997 Princeton Pike and

Whitehorse-Hamilton Square Road, has been charged with successfully

carrying out a more than $1 million insurance fraud scheme that

victimized 50 insurance companies. A state grand jury in Trenton

indicted Ottenstein and his former office administrator, Jean Woolman,

on multiple counts of racketeering, conspiracy to commit racketeering,

attempted theft by deception, and health care claims fraud.

Ottenstein was arrested in July, 2003, and is free on $50,000 bail.

His license to practice medicine has been suspended. A state grand

jury indictment was handed up to Mercer County Superior Court Judge

Linda Feinberg on December 16, and the case will be tried in Mercer

County Superior Court.

According to Greta Gooden Brown, the prosecutor, and Vaughn McKoy,

director of the criminal justice division, the claims sought

reimbursement for procedures such as epidural pain management

injections that were not performed, or improperly performed, or that

did not use the medical supplies that were billed for.

Other charges: "That the businesses changed Magnetic Resonance Imaging

(MRI) reports so that patients (primarily patients injured in

automobile accidents) would appear to have auto-related injuries when,

in fact, no such injury existed; and fraudulently billing mechanical

disk recovery system treatment(s) as surgical procedures when such

procedures were not surgical-related."

Prosecutors also say that Ottenstein billed for disc recovery system

surgery when no surgery was done, and that Hamilton MRI (not a

licensed MRI facility) billed for MRI procedures after MRI reports

were allegedly altered by Ottenstein and Woolman to reflect abnormal

diagnoses for otherwise normal scans.

Additional charges include separate billing for sterile supplies that

were provided by another company owned by Ottenstein.

New Jersey Manufacturers Insurance Company and the Prudential

Insurance Company, two of the insurance carriers allegedly victimized,

have filed civil suits against Ottenstein and his medical companies.

Other companies that allegedly received fraudulent bills include

Aetna, Allstate, AmeriHealth, Guardian, HealthNet, Horizon Blue

Cross/Blue Shield, Liberty Mutual, MetLife, New Jersey Cure, The

Oxford Plan, State Farm, and Zurich.

Leaving Town

JLT Re Solutions Inc. (JLT), 1009 Lenox Drive, Building Four West,

Suite 110, Box 6400, Lawrenceville 08648-6400; 609-896-0555; fax,

609-896-2666. John Januszewski, COO.

JLT Re Solutions Inc. is closing its office at 1009 Lenox Drive in

Lawrenceville. It provides reinsurance services to many leading

insurance groups in the United States. It is part of Houston-based

Jardine Lloyd Thompson.

Mercer Asset Management, 40 Wall Street, the Trump Building, 31st

Floor, New York 10005; 212-269-8484; fax, 609-269-8545. Anthony

Salino. Home page: www.merceram.com

Mercer Asset Management, a full-service investment firm, has closed

its branch at 116 Village Boulevard in Forrestal Village and moved to

the Trump building on Wall Street.

Object Data Inc., 151 Highway 33 East, Suite 105, Manalapan 07726;

609-936-8420; fax, 609-936-8224. Mostaq Hossain, owner.

www.object-data.com

Object Data Inc. moved from 502 Carnegie Center, Suite 105, to more

convenient quarters in Manalapan. The company provides turnkey and

on-site IT solutions in application development, networking, network

security, and systems administration.

Blue Star Infotech America Inc., 666 Plainsboro Road, Suite 1010,

Plainsboro 08536; 609-799-5454; fax, 609-799-5486. Sanjeev Sethi,

director. Home page: www.bsil.com

Blue Star Infotech, a software consulting firm, has closed its office

at Princeton Meadows Office Center, Suite 1010. Founded 20 years ago,

it is headquartered in Mumbai, India, according to a company

representative who spoke with a reporter last year. The U.S.

headquarters is in Santa Clara.

The company offers design and development services on all platforms

and focuses on four industries – technology, retail, travel, and

manufacturing.

Stock News

NRG Energy Inc. (NRG), 211 Carnegie Center, Princeton 08540-6213;

609-524-4500; fax, 609-524-4501. David Crane, president and CEO. Home

page: www.nrgenergy.com

NRG announced that it would pay for its purchase of Texas Genco LLC by

making public offerings worth about $5 billion in common stock,

mandatory convertible preferred stock, and unsecured notes. The stock

is expected to price during the week of January 23.

Last October NRG Energy said it would buy Texas Genco for $4 billion

in cash plus $1.8 billion in stock and assume more than $2.5 billion

of Texas Genco debt. This price attracted some analyst attention,

since Texas Genco’s selling price the previous year was $3.7 billion,

including only $900 million in cash.

In the intervening year, Hurricane Katrina helped lift natural gas

prices through the ceiling. "The purchase price for Texas Genco was

based on their near term substantially hedged portfolio and a

conservative view on longer term gas prices," said an NRG press

release. NRG estimates that the combined company will drive

"substantially greater earnings and cash flow."

The Texas Genco deal will give NRG an entrance into the wholesale

electricity market in Texas. NRG is a merchant power company that

generates electricity to sell to wholesale markets, such as local

electric power and gas companies. Having emerged from Chapter 11

bankruptcy in 2003, it moved from Minneapolis to the Carnegie Center

last year.

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Deaths

Robert W. Ashbock Jr., 54, on January 5. He was a traffic manager at

Firmenich.

Gavin Y "Pete" Hildick-Smith, 86, on January 8. He was a director at

Johnson & Johnson. A memorial service is Friday, January 13, at 11:30

a.m., at Trinity Church, Mercer Street.

out

stock news

SYMBOL TECHNOLOGIES NAMES VOXWARE A PREMIER INDEPENDENT SOFTWARE

VENDOR

Symbol Validates Voxware’s VoiceXML Client Software to Redefine the

Role of Voice for Symbol’s Mobile Computing Devices in Logistics

HOLTSVILLE, NY and LAWRENCEVILLE, NJ – January 6, 2006 – Symbol

Technologies, Inc. (NYSE: SBL), The Enterprise Mobility Company(tm),

and Voxware, Inc. (OTC: VXWR), a leading supplier of voice-driven

logistics solutions, today announced that Symbol has named Voxware a

PartnerSelect Premier Independent Software Vendor (ISV), bringing

Voxware the opportunity to expand their business through joint

marketing, demand generation and close collaboration with Symbol and

the PartnerSelect community. The companies also announced that

Voxware’s VoiceXML Browser, VoxBrowser(tm), was validated as a

voice-enabling technology for select Symbol MC9000 series mobile

computers used in logistics applications. Validation on the MC9060

Mobile Computer was completed through the Symbol Validation Program in

October 2005 at the Symbol Solution Center located in Holtsville, NY.

"Increasingly, Symbol customers and solution partners are choosing to

implement voice-based solutions on our mobile computing devices,"

stated Pat McCullough, vice president and general manager of Symbol’s

Solutions Division. "Voxware’s open system and standards-based

software solution offers them a superior development platform for

voice applications that can run on select Symbol mobile computing

devices, and can be integrated with any Warehouse Management System

(WMS) or Enterprise Resource Planning (ERP) type application."

"We are very pleased that Symbol validated our software and that

together we can help grow the market for multi-modal, voice-driven

logistics applications," said Tom Drury, Voxware CEO. "The value of

voice interfaces to enhance logistics operations is now recognized in

the industry. And Symbol’s validation of VoxBrowser furthers drives

our strategy to broaden how and where voice can add value, and help

increase ROI in a warehouse environment."

Symbol’s Solutions Validation Program enables partners to test and

validate their mobility solution on Symbol products to help ensure

interoperability and reduce both the risk level and the time to

deployment for the customer. Voxware’s VoxBrowser is comprised of a

full VoiceXML-compliant, browser-based client platform, Voxware’s

industry-leading continuous speech recognition engine, and a superior

text-to-speech capability. Symbol and Voxware will continue to

co-validate VoxBrowser on other Symbol mobile computers for logistics

applications. The terms of the validation, including disclaimers, are

set forth in the Test Agreement between Symbol and Voxware and the

Symbol Mobility Validated Solution Validation Report, and available

from Voxware.


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