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AAA study finds decrease in average cost to own a sedan
The AAA on May 12 released the results of its annual “Your Driving Costs” study, revealing a 2.7 percent decrease in the cost to own and operate a sedan in the U.S. The average cost for sedan owners fell 1.64 cents to 59.2 cents per mile, or $8,876 per year, based upon 15,000 miles of […]
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The AAA on May 12 released the results of its annual “Your Driving Costs” study, revealing a 2.7 percent decrease in the cost to own and operate a sedan in the U.S.
The average cost for sedan owners fell 1.64 cents to 59.2 cents per mile, or $8,876 per year, based upon 15,000 miles of annual driving.
Despite increases in maintenance and registration fees, American motorists are “experiencing an overall decrease” in the cost to own and operate a vehicle, Tony
Spada, president and CEO of AAA Western and Central New York, said in a news release.
“A large decrease in fuel costs, and lower tire, insurance and depreciation expenses are saving owners more than one and a half cents on every mile they drive,” Spada said.
Besides the average costs for a sedan, the AAA study also includes figures on costs per mile and year for small, medium, and large sedans, a four-wheel drive sport-utility vehicle, and a minivan.
Fuel costs had the single largest percentage decrease from 2013 to 2014, declining 10.04 percent to 13 cents per mile.
The average cost of regular-grade fuel fell nearly 6 percent, from $3.486 to $3.278 per gallon.
At the same time, vehicle redesigns and improved power-train technologies that take into account higher federal Corporate Average Fuel Economy (or CAFE) standards “has the effect of improving the average fuel economy of sedans used in the study,” according to the AAA.
The AAA calculated fuel costs in the 2014 study using the national average price for regular-unleaded gasoline during the fourth quarter of 2013.
Maintenance costs this year increased nearly 2 percent to 5.06 per mile, on average, for sedan owners, the AAA study found.
The association based its estimates on the cost to maintain a vehicle and perform needed repairs for five years and 75,000 miles, including labor expenses, replacement-part prices, and the purchase of an extended-warranty policy.
Some vehicles had lower costs due to longer service intervals or reduced labor times, but longer labor times and/or an increase in part prices led to higher maintenance costs for other vehicles
AAA experts also identified an “increasing number” of vehicles requiring low-viscosity semi- or full-synthetic motor oils, which cost more than conventional oils but provide better fuel economy, added engine protection, and allow for longer oil-change intervals, according to the news release.
Insurance costs
Average insurance costs in 2014 remain essentially unchanged at an average annual cost of $1,023, compared to $1,029 last year, the study found.
Factors such as the driver and the individual’s driving record, the company issuing the policy, and the geographic region affect variations in insurance rates.
The association based its insurance-cost estimates on a low-risk driver with a clean driving record, a group that saw a “negligible” premium decrease for 2014.
Premium quotes, covering seven states across the country and insurance companies from five AAA clubs, indicated “minor” declines for most small and medium sedans. At the same time, large cars had “small” increases.
The AAA has published “Your Driving Costs” since 1950 when driving a car 10,000 miles per year cost 9 cents per mile, and gasoline sold for 27 cents per gallon.
The study considered variable operating costs, including fuel, maintenance and repair, and tires.
It also factored fixed-ownership costs into the results, including insurance, license and registration fees, taxes, depreciation, and finance charges.
The AAA calculated ownership costs based on the purchase of a new vehicle that a driver operates for more than five years and 75,000 miles. A given driver’s actual operating costs may vary.
Describing itself as “upstate New York’s largest member-services organization,” the AAA Western & Central New York provides nearly 860,000 members with travel, insurance, financial and automotive related service, the organization said.
The AAA Western & Central New York is headquartered in the Buffalo suburb of Williamsville, with Central New York branch locations in Camillus, Cicero, DeWitt, Ithaca, and Watertown.
Oneida Financial board announces management changes
ONEIDA — The board of directors of Oneida Financial Corp. (NASDAQ: ONFC), and its Oneida Savings Bank unit, announced that it has continued to implement its previously announced management-succession plan. Michael R. Kallet, most recently president and CEO of Oneida Financial, will serve as chairman of the board and CEO of both the company and
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ONEIDA — The board of directors of Oneida Financial Corp. (NASDAQ: ONFC), and its Oneida Savings Bank unit, announced that it has continued to implement its previously announced management-succession plan.
Michael R. Kallet, most recently president and CEO of Oneida Financial, will serve as chairman of the board and CEO of both the company and the bank. Eric E. Stickels, current executive vice president and CFO of the company and president and chief operating officer of the bank, will serve as the president and chief operating officer of both the company and the bank.
In addition, Deresa F. Durkee has been promoted to senior vice president and CFO of both Oneida Financial and Oneida Savings Bank. The management changes were approved at the annual meeting held on May 6. The board of directors also appointed Richard B. Myers as vice chairman and Rodney D. Kent as vice chairman and lead independent director, Oneida Financial said.
“We are pleased to announce these changes to our organizational structure. As the only public company headquartered in Madison County, we have an obligation to our shareholders, the communities we serve and our employees to ensure management stability of an institution that has served Central New York for 148 years.” Kallet said in a news release. “We are very fortunate as a company to have developed the management and technical resources from within our own market area…”
Oneida Financial reported total assets of $785.1 million as of March 31.
Pioneer Companies names Roney new CFO
SYRACUSE — Pioneer Companies announced that Mark W. Roney has joined the Syracuse–based commercial real-estate development, construction, and management firm as chief financial officer. He will participate in the company’s managerial and strategic planning and organizational administration. Roney’s primary responsibilities include capital sourcing, implementing tax strategies, risk management, financial oversight, and structuring of development and acquisition
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SYRACUSE — Pioneer Companies announced that Mark W. Roney has joined the Syracuse–based commercial real-estate development, construction, and management firm as chief financial officer.
He will participate in the company’s managerial and strategic planning and organizational administration. Roney’s primary responsibilities include capital sourcing, implementing tax strategies, risk management, financial oversight, and structuring of development and acquisition opportunities.
Roney brings more than 20 years experience in real-estate finance, management, development, and accounting to the Pioneer team. He has been involved in numerous real-estate projects encompassing retail, multifamily, industrial, residential, office, and senior housing and has a background in low-income and historical tax-credit structures, tax exempt and conventional financing, and real-estate syndications, Pioneer said in a news release.
Roney is a CPA and a graduate of Oswego State University with bachelor’s degrees in economics and accounting. He completed an MBA at Regis University, and earned a certificate in hotel real-estate investments and asset management from Cornell University.
A resident of Skaneateles, Roney has served various roles in the community including participation as a board member on the municipal board and planning board, as well as a village trustee. He was the chair of the alternative energy technology committee, has been a member of several other local nonprofit organizations, and is currently a board member and treasurer of the Skaneateles Library Association.
The Pioneer Companies — with offices in Syracuse; Rochester; Denver, Colo.; and Phoenix, Ariz. — has developed and managed more than 20 million square feet of properties throughout the United States.
The company employs 35 people in Central New York, according to CNYBJ Research. Pioneer is headquartered in the Washington Station building, a property it developed and opened near Armory Square in 2010.
President Obama is trying to change the subject from Obamacare to anything else before November. Who can blame him? He recently unveiled the scary White House National Climate Assessment. I used the term “climate whatever” because the latest report uses the term “climate disruption.” Before that, the popular term was “climate change.” Before that, the
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President Obama is trying to change the subject from Obamacare to anything else before November. Who can blame him? He recently unveiled the scary White House National Climate Assessment.
I used the term “climate whatever” because the latest report uses the term “climate disruption.” Before that, the popular term was “climate change.” Before that, the moniker was “global warming.”
That is part of the problem the president and the Greens face. They want us to be alarmed by climate whatever. But the reason they changed the term from global warming is that the globe did not warm. Not the way they predicted. And so many more of their predictions have not come about.
The “they” I refer to are the climate alarmists, like Al Gore & Co. For a few decades, they have predicted various calamities. The catastrophes have not happened. When people hear the latest warnings, they remember the fable of the boy who cried wolf. And, they resent that Al & Co. have made so much money peddling calamities that did not arrive.
Hey, Greens, don’t attack me over this. I only state the obvious. Americans tell pollsters they rank climate concerns toward the bottom of their worries. Considering the number of bogus warnings they have heard over the years, who can blame them?
Also, when people are told the debate is over and the science is settled, they grow wary. They know there are serious scientists who hold different views. They know big-time Greens want to silence them and smother those views. That unsettles people.
Here is a good reason why it unsettles them: Next to the “climate disruption” article in my local paper was one about saturated fat and heart disease. A big study in a prominent medical journal tells us, “Saturated fat does not cause heart disease.”
Wait a minute. The science was settled on this many years ago. The debate ended long ago. Governments have spent gobs of money to change the way we eat. Health experts have urged us to despise eggs, butter, and beef. They have urged us to go veggie. Educrats have filled the minds of our kids with propaganda on the evils of saturated fats.
Turns out the debate is not over. And the science is not settled. (See March edition of Annals of Internal Medicine.)
From Tom…as in Morgan.
Tom Morgan writes about political, financial, and other subjects from his home near Oneonta, in addition to his radio shows and TV show. For more information about him, visit his website at www.tomasinmorgan.com
WISE Symposium: The place to be for business engagement
On April 8, I had the opportunity to attend and present at the 2014 WISE (Women Igniting the Spirit of Entrepreneurship) Symposium at the Oncenter in Syracuse. The initial presenter was Melinda Emerson, CEO of Quintessence Multimedia, who is dubbed the “SmallBizLady.” Emerson was pumped and energetic as she got the crowd on its feet,
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On April 8, I had the opportunity to attend and present at the 2014 WISE (Women Igniting the Spirit of Entrepreneurship) Symposium at the Oncenter in Syracuse.
The initial presenter was Melinda Emerson, CEO of Quintessence Multimedia, who is dubbed the “SmallBizLady.” Emerson was pumped and energetic as she got the crowd on its feet, clapping and even dancing. She then proceeded to share how she started a business from her home and climbed the ladder to success through many hardships and misadventures. Emerson shared not only her inspiring stories, but also a step-by-step plan any business entrepreneur can use over a 12-month period to achieve her business goals.
Here are her five reasons why most small business owners fail.
1. The owner is not realistic about the business.
2. Your network is your net worth $. The failures have no network to build on.
3. They do not keep in touch with and protect their customers from the competition.
4. They never become an expert in their field of work. People want to deal with experts.
5. They do not manage their money in the business.
Emerson also offered action steps for the attendees to succeed. She said it’s vital for you to help others for you to succeed, to engage your customers so you fully understand their challenges, and to listen to others to understand their needs and to promote yourself with care for the other person.
I walked away with five pages of notes from Emerson’s talk and saw many others also taking notes. There were a number of other great speakers at this event along with breakout sessions.
Here are some facts about this year’s WISE Symposium.
If you are an individual who wants to open a small business or you are a small-business entrepreneur, this is the place to learn, to grow, to dream, and to connect with more than 90 business experts and almost 1,000 excited, friendly business people willing to share their success tips with you.
If your business sells to women, this is the place to engage women and learn of their needs, fears, frustrations, and goals. So if you want to start a business, or if you already have a business and really desire to grow it, where will you be next April?
James McEntire is a sales trainer and certified business coach who says he helps business entrepreneurs reach their goals. Contact him at james.r.mcentire@gmail.com or call (315) 225-3536.
Hardinge forecasts 2014 sales to slip “slightly” from 2013 levels
HORSEHEADS — Hardinge, Inc. (NASDAQ: HDNG), an international manufacturer of advanced metal-cutting tools, reported on May 8 that it expects its 2014 sales to come in “slightly below 2013 levels.” How much net sales will fall short of last year’s total of nearly $330 million depends on “second quarter order levels of longer lead time
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HORSEHEADS — Hardinge, Inc. (NASDAQ: HDNG), an international manufacturer of advanced metal-cutting tools, reported on May 8 that it expects its 2014 sales to come in “slightly below 2013 levels.”
How much net sales will fall short of last year’s total of nearly $330 million depends on “second quarter order levels of longer lead time products,” Richard L. Simons, chairman, president, and CEO of Hardinge, said in a news release.
Hardinge also announced that it posted a net loss of $453,000, or 4 cents a share, in the first quarter compared to net income of $40,000, or 0 cents a share, in the year-ago period.
The manufacturer, which is based in the town of Horseheads, but generates three-fourths of its sales outside North America, said net sales rose more than 5 percent to nearly $71 million from $67 million in the year-earlier quarter. Sales were boosted by Hardinge’s acquisition of Michigan–based Forkardt from Illinois Tool Works, Inc. (NYSE: ITW) in May 2013.
“The Forkardt acquisition helped to offset the effect of the softness in machine tool solutions sales and provides a steadier base of revenue less affected by the cyclicality of capital goods,” Simons said in the release.
Currier Plastics adds new equipment to meet client demand
AUBURN — New molding machines at Currier Plastics are helping the company grow its capacity as it continues its efforts to become a one-stop shop for bottle and container customers. While many plastics companies specialize in either injection molding or blow molding, Currier is unique, contends Massimo (Max) Leone, vice president of business development at
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AUBURN — New molding machines at Currier Plastics are helping the company grow its capacity as it continues its efforts to become a one-stop shop for bottle and container customers.
While many plastics companies specialize in either injection molding or blow molding, Currier is unique, contends Massimo (Max) Leone, vice president of business development at the Auburn company. “We have multiple processes that we do under one roof,” he notes.
The typical bottle or container involves both processes in order to make both the container and the lid. That often means customers have to use multiple vendors — one for the container and another for the lid.
Currier, however, can offer both pieces to its customers, Leone says. That makes it a unique one-stop vendor for their customers. It’s an important offering as many customers are looking to streamline their vendor lists for both cost efficiency and overall efficiency.
Adding multiple Automa Electro Series extrusion blow-molding machines to one of Currier’s four blow-molding manufacturing cells gives Currier in-process trimming capabilities as well as automated leak checking. Currier currently has eight Automa machines and 50 machines total, split evenly between injection machines and blow machines.
Currier spent $650,000 on the new Automa machines, bringing its total investment in equipment over the past year to $2 million, Leone says.
The new equipment gives Currier the ability to meet the needs of its customers and should help the company grow its sales in the personal care and health and beauty aid markets, Leone says.
It all goes together in a bigger package, he says, by tying in with Currier’s design capabilities. That total package from design to prototyping to finished product is truly what sets Currier apart. Clients didn’t often come to Currier for design services in the past, Leone says, but that has changed in recent years as more customers have learned about design for manufacturability or DFM.
In simple terms, it means that since Currier produces the parts, its engineers also know the best way to design those parts for easy and efficient manufacturing
“It might look beautiful on paper,” Leone says of a design, “but it has to relate to the real world of manufacturing.”
Growth
Between the new equipment and its expanding design side, Currier is growing strongly, Leone says. Over the past several years, sales have grown between 10 percent and 17 percent annually.
The company’s facility has grown as well. In 2013, the company expanded from 65,000 square feet to 130,000 square feet. Currier added more manufacturing space and quality lab space with the $20 million expansion.
“We’re growing at a very nice clip,” Leone says. That growth comes from both new clients and increased business with existing clients.
Currier currently employs 109 people full time as well as a varying number of temporary employees when projects require them. “We’re looking at that growing, but we’re also incorporating a lot of automation,” Leone says.
The company generated $28 million in revenue in 2013, according to the Works In Progress special report published in the Jan. 24 issue of The Central New York Business Journal. Currier produced $25 million in revenue in 2012, according to a Sept. 27, 2013, Business Journalarticle.
Founded in 1982, Currier Plastics (www.currierplastics.com) provides injection and blow-molding products for a variety of industries including plastic packaging, beauty and cosmetics, amenities, household consumables, electronic connectors, and medical measuring devices.
Contact The Business Journal News Network at news@cnybj.com
OCRRA expands Amboy compost facility with new equipment
CAMILLUS — The Onondaga County Resource Recovery Agency (OCRRA) has expanded its compost site in the Amboy section of Camillus, following what the agency called “an extensive remodel.” OCRRA actually reopened the facility at 6296 Airport Road last November after completing work on the $2.4 million Aerated Static Pile compost system, according to an OCRRA
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CAMILLUS — The Onondaga County Resource Recovery Agency (OCRRA) has expanded its compost site in the Amboy section of Camillus, following what the agency called “an extensive remodel.”
OCRRA actually reopened the facility at 6296 Airport Road last November after completing work on the $2.4 million Aerated Static Pile compost system, according to an OCRRA news release.
OCRRA also invested an additional $2 million in heavy equipment to manage the incoming organic materials, the agency said in a follow-up email message.
The organization self-financed the project and has applied for a grant from the New York State Department of Environmental Conservation that would reimburse OCRRA for 50 percent of the development costs.
The renovation work has transformed the Amboy site into New York’s “largest municipal food scrap [and] yard-waste composting facility,” OCRRA contended in the news release.
The agency held a reception May 8 to mark the formal reopening.
OCRRA used the event to highlight its efforts to keep commercial and institutional food scraps out of the trash. The Amboy site recycles food scraps into soil amendment, or what is also known as compost.
The system is designed to process more than 9,000 tons of local institutional and commercial food scraps a year and will generate more than 30,000 yards of compost annually.
Engineers in the Cazenovia office of Australia–based GHD designed the facility, according to OCRRA.
Since reopening in November, the Amboy compost facility is processing more than 50,000 pounds of food scraps on a weekly basis. The scraps are turned into a soil amendment that meets the U.S. Composting Council’s Seal of Testing Assurance, according to the news release.
Compost returns “valuable” nutrients to the soil and “improves” the environment when used in gardens, landscapes, and green infrastructure projects, OCRRA said.
Haulers deliver food scraps from local businesses or nonprofits, including Syracuse University, Destiny USA, Upstate University Hospital, Wegmans, Ramada Inn, the Oncenter, the Marcellus Central School District, and Pastabilities, a restaurant in Armory Square.
OCRRA then uses technology, such as a Crambo shredder, in a process that recycles food scraps into finely-screened compost.
The agency contends its process is “roughly 80 percent more efficient than other approaches,” noting it takes only 60 days to create OCRRA compost instead of the usual 270 days.
The compost is available for purchase in bulk at both the Amboy and Jamesville compost facilities and at more than a dozen local retailers.
At 15 percent, food scraps are currently the largest component of trash that is not mandated for recycling, Greg Gelewski, OCRRA recycling-operations manager, said in the news release.
He was among the speakers at the opening reception.
“We’ll be moving on and taking that lost resource and creating a resource and putting it back into our soils, [from] closing that loop for our generators to closing that loop for our soils that we deplete,” Gelewski said.
The OCRRA facility turns food scraps into compost that revitalizes local soil and grows healthy plants and vegetables that eventually become food scraps again, Gelewski said.
The system mixes food waste in a 3:1 ratio with a bulking agent (yard waste and wood chips), according to the OCRRA website.
It is then arranged in long concrete bunkers that have a system of pipes running beneath them.
Electric blowers that pump air through the piles at scheduled intervals power the pipes, the website says. The pipes allow air to circulate through the piles and create “optimal” conditions for decomposition.
After the food waste has decomposed and has met all of the temperature and monitoring requirements, the finished compost is screened for use as a soil amendment and sold to the community.
The event’s speakers also included Lori Scozzafava, executive director of the Bethesda, Md.–based U.S. Composting Council, who congratulated OCRRA on the project.
“I know a lot of work has gone into this effort, building a well-run operation and expanding it to include food scraps is a phenomenal issue, and I truly believe that Onondaga County will be better off for having this facility in place,” Scozzafava said in her remarks during the event.
OCRRA is a public-benefit corporation that manages a solid waste, recycling, and composting system.
Contact Reinhardt at ereinhardt@cnybj.com
Infinit Technology Solutions moves to bigger space, adds jobs
DeWITT — Infinit Technology Solutions has relocated to a new facility in DeWitt that doubles its space, and has plans for additional hiring under its new business strategy. “The primary reason to make the move was so that we can grow … so that we can have the room to hire more sales people,” says
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DeWITT — Infinit Technology Solutions has relocated to a new facility in DeWitt that doubles its space, and has plans for additional hiring under its new business strategy.
“The primary reason to make the move was so that we can grow … so that we can have the room to hire more sales people,” says Thomas (Tom) Klink, Jr., president of Infinit Technology Solutions.
Infinit describes itself as a provider of information-technology products in voice and data-network hardware and software, network assessment, security assessments, and associated professional engineering, hosted and managed services.
Phil Taurisano owns Infinit Technology Solutions.
The firm moved to its new 16,000-square-foot place at 7037 Fly Road in DeWitt in January. It previously operated in a 6,000-square-foot space at 5786 Widewaters Parkway in DeWitt, Klink says.
The firm leases its space from Fly Road Development.
The company currently employs 32 people, including five employees that the firm hired earlier this year.
Infinit is also aiming to hire 20 additional account executives and is “always looking for the right people,” Klink says.
“We’re a sales organization … so if they got fire, hunger, and goals, we want to talk to them,” he adds.
The additional account executives are part of the firm’s overall three-year strategy, he says.
Klink joined Infinit in 2009 as director of sales, and was promoted to president in late 2011.
Klink declined to disclose revenue information about the private company. He also declined to disclose costs of the move.
Strategic shift
In the last few years, Infinit has changed its business model to move away from its role as a company that refurbished equipment.
“Part of the business strategy is that we would partner up with manufacturers and be representatives of their product lines,” Klink says.
Its previous work in fixing, repairing, and refurbishing products wasn’t “advantageous” for Infinit because the market had too many competitors, he adds.
He figured a focus on growing new equipment sales was a better long-term strategy for Infinit.
Klink refers to the company as a “value-added reseller,” or what he likes to call a VASP — a “value-added solution provider.”
“We do more than just resell gear. We offer services, installation, configuration, staging … managed services.”
Infinit represents 45 manufacturers to date, including San Jose, Calif.–based Cisco (NASDAQ: CSCO), Milwaukee, Wisc.–based HellermannTyton, and Palo Alto, Calif.–based Hewlett-Packard Co. (NYSE: HPQ), according to its website.
When Infinit moved away from its work in cleaning and refurbishing inventory, it eliminated the positions that focused on that work.
“We’re a distribution-based company, so we don’t need to have all of those in-house resources for cleaning, refurbishing inventory,” Klink says.
He was unaware of how many positions the company had previously eliminated.
Infinit has since created sales and support positions for its work in representing manufacturers’ product lines.
Contact Reinhardt at ereinhardt@cnybj.com
Stockmann joins Bond, Schoeneck & King’s patent group
SYRACUSE — Bond, Schoeneck & King PLLC announced that Peter H. Stockmann has joined the law firm’s Intellectual Property and Technology practice. Stockmann supports Bond’s patent attorneys in complex and technical patent prosecution matters, the firm said. He has 36 years of systems engineering experience in radar, avionics, RF systems, defense systems, antennas, signal processing,
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SYRACUSE — Bond, Schoeneck & King PLLC announced that Peter H. Stockmann has joined the law firm’s Intellectual Property and Technology practice.
Stockmann supports Bond’s patent attorneys in complex and technical patent prosecution matters, the firm said. He has 36 years of systems engineering experience in radar, avionics, RF systems, defense systems, antennas, signal processing, and electronic warfare. On Lockheed Martin’s Intellectual Property Review Board for 10 years, he rose to the role of chairman.
Stockmann has five patents awarded and five pending. He has contributed to hundreds of technical reports, nine conference presentations, and four articles in the Institute of Electrical and Electronics Engineers Transactions, Bond said.
“Peter has had a distinguished career and is especially recognized for his work in the defense industry,” George McGuire, chair of the Intellectual Property and Technology practice, said in a news release.
Stockmann received his Ph.D. in electrical engineering in 1973 from Syracuse University and his law degree in 1978 from Temple University.
Bond, Schoeneck & King, based in Syracuse, has 220 lawyers working from nine offices in New York state and offices in Naples, Fla. and Overland Park, Kansas.
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