DETROIT BUSINESS MAIN 05-08-06 A 1 CDB 5/5/2006 6:36 PM Page 1
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http://www.crainsdetroit.com Vol. 22, No. 19 MAY 8 – 14, 2006 $1.50 a copy; $59 a year
©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved DEVELOPING DETROIT THIS JUST IN Luxury brokerage changes While Roger Penske and Dave Bing take on redevelopment, owners, joins Sotheby’s city officials court another mogul Oakland County luxury residential brokerage Sny- der, Kinney, Bennett & Keat- ing Inc. has changed owners and added an affiliation with the Sotheby’s Interna- Quicken offered 2 Penske, Bing to lead tional Realty network. The Birmingham-based company was acquired by Douglas A. Hardy and Dou- glas H. Hardy, father-and- Detroit sites for HQ Detroit rebuilding son owners of Century 21 To- day Inc. in Farmington Hills. The office will now go as BY ROBERT ANKENY BY ROBERT ANKENY SKBK Sotheby’s International CRAIN’S DETROIT BUSINESS Former Comerica CRAIN’S DETROIT BUSINESS Park Realty. Sotheby’s realty of- Statler fices operate as a franchise uicken Loans/Rock Financial Inc. Hilton Witherell ayor Kwame Kilpatrick was expected to announce today People Madison Ave. group through Cendant has been offered at least two Mover that two Detroit corporate leaders are to head efforts to Corp.’s license agreement Q downtown sites for a new head- Bagley M make Detroit an attractive city in which to work, play and with Sotheby’s Holdings Inc. quarters office building, Detroit’s devel- Hudson’s/ B do business. ro a d Library St. w The office has annual opment czar George Jackson said last Premier a Roger Penske, who spearheaded Detroit’s Super Bowl success, re- y S sales volume of about $300 week. Garage t. portedly has agreed to work with the Downtown Detroit Partnership to million. Terms of the owner- One site is above the Premier Garage Farm lead programs aiming to attract business. Dave Bing will focus on Monroe St. ship change were not dis- on the site of the former J.L. Hudson’s er St. oodward Ave. oodward neighborhood improvement. Campus W closed. Douglas H. Hardy store. The Premier Martius Penske, CEO of UnitedAuto Group Inc., declined comment last week.
Randolph St.
Washington Blvd. Washington Park
Shelby St. Shelby Cass Ave. Cass
Brush St. said the arrangement brings is an under- Bates Bing, chairman of The Bing Group, was traveling Friday and could not
Beaubien St. new tools and technology to ground park- be reached for comment. Bing launched a project four years ago to SKBK. A client already has ing structure with footings set for con- build 100-150 homes and revi- asked to list a Michigan struction of a high-rise building. talize the neighborhood at home and a farm in France The other is on Grand Circus Park, be- Caniff and Oakland av- through the Sotheby’s net- tween Washington Boulevard and Bagley enues near his main work, he said. The Sotheby’s The sites of Street, site of the former plant. name is more about the level Hudson’s and the Statler Hilton Hotel, which The mayor, city devel- of service than about the Statler Hilton was razed last year. opment officials and the sale price of the property, have been Without naming Downtown Partnership but Oakland County will re- presented to Quicken, Chris Ilitch, want to launch improve- main the focus, Hardy said. Daniel president of Ilitch Hold- See Downtown, Page 25 Robert Gleason will con- Gilbert. ings Inc., said last week tinue as president of SKBK that he would make a On the agenda: A Business Sotheby’s. More than 90 “bold prediction” that a corpo- Improvement District agents will stay. rate headquarters would rise and neighborhood improvement. Nanci Rands, an SKBK on the Statler site. Ilitch Sotheby’s associate broker and president of the Metro- See Quicken, Page 25 politan Consolidated Associa- tion of Realtors, said adding a Sotheby’s office is a vote of confidence for the region. — Jennette Smith HUMMUS OR HOMMUS? Transliterating words Garden Fresh dips into hummus market HFCC names president from languages like Arabic that don’t use the BY BRENT SNAVELY merge the two companies. Garden Fresh is best known for its Henry Ford Community Col- Latin alphabet can be a CRAIN’S DETROIT BUSINESS “It really was a perfect strategic fit 15 varieties of fresh salsa sold in plas- lege has named Gail Mee tricky business. The for us. We view ourselves as the pre- tic containers in the refrigerated deli president, effective July 1. Merriam-Webster Two days after Garden Fresh mier fresh-salsa manufacturer in the sections of grocery stores, including Mee is vice president of dictionary says it’s Gourmet Salsa Inc. acquired country,” Zilko said. “But we just no- Kroger, Meijer, Farmer Jack and Cost- academic affairs at Mesa “hummus.” Inkster-based Gourmet In- ticed a lot of our buyers wanted a co. Community College in Mesa, Basha ternational Foods, Garden hummus presence, and we couldn’t Garden Fresh also produces six Ariz. She replaces Andrew uses Fresh executives were “hommus.” kinds of chip dip, 10 types of tortilla Mazzara, who retired at the meeting with buyers from offer it to them. It was really the only Other end of last year. Sally Bar- Kroger Co. in Cincinnati hole in our program.” chips, eight salad dressings and also variants Garden Fresh, which has annual sells two types of guacamole pro- nett, vice president for ad- include asking the grocery store duced by a supplier from Mexico. ministration and human re- “houmous” and chain to carry Basha hum- sales of nearly $20 million, bought sources, had been serving as “humus.” mus nationally. Gourmet International last Monday Founded in 1990, Gourmet Interna- interim president. The literal That, said Ferndale-based for an undisclosed amount. Gourmet tional makes eight varieties of hum- — Sherri Begin translation? “Hummus” Garden Fresh co-owner and vice pres- International has annual sales of mus, a chickpea-based spread, under means “chickpea.” ident of marketing Dave Zilko, shows about $6 million and sales are expect- the Basha brand. See This Just In, Page 2 how quick and easy it will be to ed to exceed $7 million this year. See Hummus, Page 25
Women make strides Taking laughter at law firms but still to the troops,
NEWSPAPER lag men, Page 11 Page 17 DETROIT BUSINESS MAIN 05-08-06 A 2 CDB 5/5/2006 6:47 PM Page 1
Page 2 CRAIN’S DETROIT BUSINESS May 8, 2006
Ferndale lofts to break ground Riverview plant owned by Great She replaces Herman Gray The building was previously THIS JUST IN Lakes Service & Sales for an undis- who was named president of Chil- occupied by MSX International Inc. Troy-based Kirco and Canton closed sum. dren’s in August. — Jennette Smith ■ From Page 1 Township-based Lewiston Develop- Birclar and Gary, Ind.-based — Sherri Begin ment plan to break ground in 30 to Great Lakes both repair electri- New Ave Maria Fund launched 60 days on The Woodward Av- cal motors and other electrical Macy’s to sponsor float at enue Lofts, a 99-loft and retail Marisa buys building and mechanical equipment. The fifth Ave Maria mutual project in Ferndale. Thanksgiving Parade Birclar had 2005 sales of $6.3 mil- Marisa Industries Inc. is expand- fund was launched May 1 by The 140,000-square-foot project lion, and its largest customers Schwartz Macy’s, known for the Macy’s on Woodward north of Nine Mile ing its business in an Auburn Bloomfield Hills-based Thanksgiving Day Parade in New Road includes the lofts and about are General Motors Corp. and Ford Hills industrial building it Investment Counsel Inc. on the fifth York City, has signed on as a float 5,000 square feet of retail. A sales Motor Co. The Great Lakes plant bought in late April from Ply- anniversary of the start of the 2006 America’s sponsor for the office and model are open. had 2005 sales of $2 million, and mouth-based DeMattia Group. first fund, Ave Maria Catholic Thanksgiving Parade organized by Architects on the project are its largest customers were Sever- Paul Hoge, associate broker Ventures Fund, which now has The Parade Co. Christopher Longe of Birming- stal North America Inc. and U.S. and a principal at Signature Asso- more than $250 million in assets. Float and balloon sponsorships ham and Archive DS of Detroit. Steel Corp. ciates in Southfield who sold the Like the other funds, the new range from $25,000 to $125,000, Spokeswoman Cindy Ciura said The combined company has 120,000-square-foot building on fund, Ave Maria Small Cap Fund, said Tavi Fulkerson, president of 10 units have been sold so far. kept the Birclar name, and 14 em- behalf of DeMattia, said Marisa the Bloomfield Hills-based Fulker- will be no-load and will invest — Jennette Smith ployees at the Great Lakes plant planned to immediately move only in companies whose prac- son Group which provides spon- had joined Birclar’s staff of 22 as sorship consulting services to into the property at 1426 Pacific tices do not violate the teachings of May 1. The Parade Co. UM Museum gets $1M gift Drive. The asking price on the of the Catholic Church. The Kiemle-Hankins Co. in Toledo Macy’s, whose parent compa- building was $7.8 million. Auto The other funds are the Ave The University of Michigan Muse- is the parent company of Birclar ny, Federated Department Stores supplier Marisa received a sin- Maria Growth Fund, the Ave um on Friday announced a $1 mil- and Great Lakes. Kiemle-Hank- Inc. (NYSE: FD) acquired May De- gle-business-tax credit through Maria Bond Fund and the Ave lion pledge from Cheng-Yang ins President Tim Martindale partment Stores Co. and its Mar- the Michigan Economic Growth Au- Maria Rising Dividend Fund. Chang to fund a gallery in honor said the acquisition has been in shall Field’s brand last August, thority. — Tom Henderson of his late wife, Shirley Chang. the works for about six months, wanted to be part of the corporate A retired Flint urologist, and will allow customers of both roster supporting the Detroit pa- Chang also donated more than 30 companies to receive a broader rade, Fulkerson said. Chinese paintings by his father, CORRECTIONS But the retailer hasn’t ex- range of services. noted artist Ku-Nien Chang. ■ A story on Page 1 of the May 1 issue about Nicole Lamb-Hale be- pressed interest in naming rights — Sheena Harrison Chang, who graduated from ing named managing partner of the Foley & Lardner L.L.P. Detroit of- for it, she said. the National Defense Medical Cen- fice erred in saying she was hiring partner heading the recruiting “We’ve had (other) companies ter in Taiwan, completed his resi- Children’s Hospital names COO committee and headed the bankruptcy practice for Foley. She held nibble at being the title sponsor dency in urology at the UM Med- Dykema Gossett P.L.L.C Children’s Hospital of Michigan these positions at her previous firm, . of Detroit parade, but so far none ical School in 1967. ■ On the list of largest restaurant chains in the April 24 issue, sys- has named Lynne Thomas Gor- of them go beyond preliminary — Sherri Begin temwide sales for No. 5 Big Boy Restaurants International should have don COO. discussions.” been $428.0 million, which would have ranked it third on the list. Marshall Field’s stores are ex- Birclar Electric buys plant Gordon joins the hospital from The $61.4 million figure listed for the franchisor is corporate rev- pected to convert to the Macy’s Shands at AGH in Gainesville, Fla., enue rather than total sales at company-owned and franchised nameplate this fall. Birclar Electric & Electronics of where she served as director of restaurants. — Sherri Begin Romulus has acquired a operations.
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May 8, 2006 CRAIN’S DETROIT BUSINESS Page 3 TechTeam CRAIN’S gets back Birmingham mulls INDEX Visteon visions: Profit, CEO Michael Johnston’s turnaround plan have to business investors optimistic. more liquor licenses Page 4. Ziebart after deal changes: Company moves BY ANJALI FLUKER Goal is to execs as CRAIN’S DETROIT BUSINESS president prepares After months of distractions — attract small for from a proposed proxy battle with retirement. Johnston Page 5. one of its largest shareholders to the departure of lead executives — restaurants TechTeam Global Inc. appears ready These organizations appear in this to focus on growth. BY BRENT SNAVELY week’s Crain’s Detroit Business: Southfield-based TechTeam CRAIN’S DETROIT BUSINESS (Nasdaq: TEAM) last week spoke AlphaGraphics ...... 23 with investors for the first time Birmingham is considering a Automation Alley ...... 7 since Brookline, Mass.-based change in its liquor license pol- Automotive Components Holdings . . 4 icy as a way to encourage more BD’s Mongolian Grill ...... 6 hedge fund Costa Brava Partnership Beier Howlett P.C...... 24 III L.P. in February announced it small, independently owned Bing Group ...... 1 was proposing a new slate of direc- restaurants. Burtek Inc...... 7 tors for the company. Under consideration is a pro- Business Development Inc...... 11 New CEO and President posal to allow restaurant opera- Butzel Long ...... 11 Cameron’s Steakhouse ...... 24 William Brown in a Thursday con- tors who fit certain criteria to Cedar’s Mediterranean Foods . . . . 25 ference call transfer Class C liquor licenses Central Park Properties L.L.C. . . . . 24 shared the com- into Birmingham from else- City Cellar Wine Bar and Grill . . . . . 24 pany’s business- where in Oakland County. Comics on Duty ...... 17 development Compuware Corp...... 25 The city, which has seen an Costco Wholesale Corp...... 25 plan — some- influx of restaurants in recent Covansys Corp...... 4 thing analyst years, has been losing retailers Davenport University ...... 6 Davis Entertainment Group ...... 17 Debra Fiakas and is looking at the adoption initially thought Detroit Econ. Growth Corp...... 25 of a more flexible liquor permit might have been Dickinson Wright ...... 14, 15 policy as a way to jump-start Downtown Detroit Partnership . . . . . 1 missing from economic development. Dykema Gossett P.L.L.C...... 14 Brown the call. Eisenberg & Bogas P.C...... 12 “I thought “I am completely for it,” said Epoch Restaurant Group ...... 24 bringing in a new CEO was a Kate Richard, owner of Shoe La Fleming’s Prime Steakhouse . . . . . 24 tremendous move,” Fiakas, an an- La L.L.C. on East Maple Road. Focus Macomb ...... 22 Richard, who opened her Foley & Lardner L.L.P...... 14 alyst at New York-based Crystal Eq- Ford Motor Co...... 4 uity Research L.L.C., told Crain’s a store in 2003, said it was diffi- Forte ...... 24 day before the conference call. cult to find a location. Since FranChoice Inc...... 23 “(Brown is) highly qualified and I then, she said, many retailers Garden Fresh Gourmet Salsa ...... 1 Gourmet International Foods ...... 1 am very disappointed he hasn’t have left, remaining retailers REBECCA COOK Vacant storefronts in downtown Birmingham have convinced some retailers to support a Great Lakes Entre. Quest ...... 7 been allowed to institute his pro- See Birmingham, Page 24 loosening of Birmingham’s liquor license ordinance to help raise occupancy levels. Ilitch Holdings Inc...... 1 gram. … Attention has been di- Jaffe, Raitt ...... 11 verted from him bringing his ideas Kalabat Cos...... 24 to fruition because he’s been deal- Kitch ...... 11 Kroger Co...... 1 ing with this nonsense.” Macomb Chamber Alliance ...... 6 But Brown in the call outlined MEDC ...... 25 several details he instituted that Meijer ...... 1 are expected to boost the compa- Michigan Trial Lawyers Association 12 ny’s growth in the coming year. Midtown Café ...... 24 Monaghan pushes printer Miller, Canfield ...... 11 TechTeam reportedly landed 68 Mintel International ...... 25 new business transactions in the Mitchell’s Fish Market ...... 24 first quarter with a total sales val- Outback Steakhouse Inc...... 24 ue of $14 million, some of which Pampas Churrascaria ...... 24 Pepper Hamilton L.L.P...... 12, 14 could be reported in coming quar- Phoenicia ...... 24 ters. Plunkett & Cooney P.C...... 24 In addition, TechTeam has 182 to speed up expansion Premier Garage ...... 1 “opportunities” valued at about ProQuest Co...... 4 $200 million compared to 66 at the Quicken Loans ...... 1 Rock Financial ...... 1 end of the last quarter, Brown Allegra Network looks to nearly BOUT LLEGRA Russ Milne Ford Inc...... 7 said. The opportunities and new A A Sachs Waldman P.C...... 12 transactions are a combination of Headquarters: Secrest Wardle ...... 11 new customers and additional Northville. Shoe La La L.L.C...... 3 business with existing customers, double franchises by 2010 Small Plates ...... 24 Owners: Investment State Bar of Michigan ...... 11 Brown said. group made up of BY SHEENA HARRISON verse City and Petoskey, and cities such SupplyDen Inc...... 7 Brown also said he will review Thomas Monaghan, UnitedAuto Group Inc...... 1 CRAIN’S DETROIT BUSINESS as Houston, Dallas, Salt Lake City and Las the business development pipeline Michael Marcantonio, University of Michigan ...... 6 Vegas. But Florida weekly. President Carl Gerhardt, Varnum, Riddering ...... 15 At the urging of Domino’s Pizza Inc. seems to be a key But it will take time for the com- Chairman and CEO Visteon Corp...... 4 founder Tom Monaghan, Allegra Network growth market for Alle- William McIntyre, W.M. Roth & Sons ...... 7 pany to see the fruits of this labor, L.L.C. plans to nearly double the number of gra, which has expan- Executive Vice President Ziebart International ...... 5 Fiakas said in a report released its franchises by 2010. sion plans in Jack- Steve White and Vice Friday. Northville-based Allegra, of which Mon- sonville, West Palm President of “While we find it encouraging BANKRUPTCIES ...... 5 aghan is majority shareholder, has 600 Beach, Naples, Sarasota Development Darryl that the company can now quanti- Buchanan. BRIEFLY ...... 6 business-to-business printing and sign- and Orlando. BUSINESS DIARY ...... 16 fy its business pipeline, the sales 2005 systemwide printing franchises nationwide, and is ex- As people retire or CALENDAR ...... 21 cycle remains lengthy (12 to 18 sales: $345 million. pected to open 420 more in the next four are laid off from local CLASSIFIED ADS...... 18 months),” she said. “So, we believe years. The expansion will come from manufacturing jobs, Primary franchises EARNINGS ...... 20 it will be late in 2006 or early 2007 operated: Allegra Print opening newly developed printing centers Monaghan many are moving to KEITH CRAIN ...... 8 before the benefits of Brown’s lead- and Imaging, American and from buying independent printing Florida and see Allegra franchises as a LETTERS ...... 8 ership in business development Speedy Printing, Insty- MARY KRAMER...... 9 businesses and converting them into Alle- way to maintain their previous income, will be seen in TechTeam’s top- Prints, Signs Now. OPINION ...... 8 said Darryl Buchanan, Allegra’s vice pres- line.” gra Network or Signs Now stores. Number of franchises: PEOPLE ...... 10 Some of the growth is planned for north- ident of development. About 600. RUMBLINGS...... 26 See TechTeam, Page 22 ern Michigan, including Gaylord, Tra- See Allegra, Page 23 WEEK IN REVIEW ...... 26 DETROIT BUSINESS MAIN 05-08-06 A 4 CDB 5/5/2006 6:56 PM Page 1
Page 4 CRAIN’S DETROIT BUSINESS May 8, 2006 TAKING STOCK NEWS ABOUT DETROIT AREA PUBLIC COMPANIES Anniversary Sale Visteon’s profit, progress on through May 31, 2006 Free delivery with this ad within 50 miles restructuring please investors
BY BRADFORD WERNLE Motor Co.’s parts unit, expects to ago to $2.8 billion this year. CRAIN NEWS SERVICE reduce its dependence on sales to Visteon’s stock (NYSE: VC) has Ford’s North American operations led a rally among supplier shares Investors like the progress Vis- to 14 percent by 2008, Johnston on Wall Street. Visteon shares, teon Corp. is making with its re- said. That would be down from 24 which closed at $7.93 Friday, are at structuring and downsizing, and percent of revenues at the end of their highest since early Novem- CEO Michael Johnston said last 2005. ber. week the company will make more Globally, Ford represents 48 per- Shares of Lear Corp., Johnson Con- cuts. cent of Visteon’s sales today, com- trols Inc., TRW Automotive Holdings Van Buren Township-based Vis- pared with 65 percent before the 23 Corp. and BorgWarner Inc. are trad- teon, which announced a quarter- plants were put into Ford’s Automo- ing at their highest points since Perimeter Twelve Oaks Mall, Novi, MI · 248-347-6889 ly profit last tive Components Holdings L.L.C. last early February. week, will not year. Johnston said Visteon has re- rule out closing Of the latest list of 23 plants, Vis- tained Deutsche Bank of Frankfurt or selling even teon is working to resolve the sta- to help it dispose of some opera- more plants af- tus of 11 this year. It already has tions in Europe. WE’RE HELPING ter it resolves closed plants in Puerto Rico and Visteon also is restructuring its Entrepreneurs the status of 23 Mexico and plans to cease produc- European operations. Heinz Serving OUR CLIENTS operations the tion at four more this year. Pfannschmidt, head of Visteon’s Entrepreneurs company has Johnston wants a balanced man- European and South American op- STAY ON put on a “fix, ufacturing footprint with rev- erations, is retiring this month. close or sell” Johnston enues divided roughly equally be- Johnston said Visteon COO Don- THE RIGHT list, Johnston tween Asia, Europe and North ald Stebbins will run the opera- said Friday. America. But Asia will be the tions for the time being. PATH • Accounting “Even after those 23 are re- largest of the three by 2008. Visteon has reorganized its op- • Auditing solved, there will be another list,” Visteon surprised Wall Street erations into three global product • Business Valuations Johnston said. last week by turning a small first- teams, based on the company’s Those 23 underperforming or • Computer Consulting quarter profit. Visteon posted net core businesses. “We have estab- nonstrategic facilities are in addi- income of $3 million, compared lished our electronics headquar- • Financial Planning tion to another 23 plants Visteon with a $163 million loss for the ters in Shanghai, interiors in Paris • Litigation Support handed back to Ford Motor Co. in same period a year ago. and our climate headquarters here • Strategic Planning October. Visteon’s quarterly product rev- in Michigan,” Johnston said. The company, formerly Ford enues fell from $5 billion a year From Automotive News • Tax GORDON Advisors, P.C. certified public accountants ProQuest gets loan-default waivers
1301 W. Long Lake Rd., Ste. 200 • Troy, MI 48098 Ann Arbor-based ProQuest Co. need to restate its financial figures first three quarters of 2005 and by tel: (248) 952-0200 • fax: (248) 952-0290 has reached an agreement with its for 2000-2004 and the first three $45 million to $55 million for 2004. www.gordoncpa.com bank lenders and private note quarters of 2005. ProQuest (NYSE: PQE) also said holders to grant waivers to its cur- On April 28, it announced that it it is exploring the sale of its Busi- rent loan defaults, including those would lower pretax earnings by ness Solutions unit. resulting from ProQuest’s ongoing $35 million to $45 million for the — Tom Henderson accounting review, the company said Tuesday. Both sets of lenders agree to ,AW /FlCES OF hold off on exercising their default STREET TALK remedies through Nov. 30. The 3TEPHEN - ,ANDAU 0# agreement can be extended to Jan. THIS WEEK’S STOCK TOTALS: 49 GAINERS, 25 LOSERS, 7 UNCHANGED 31 if certain conditions are met. CDB’S TOP PERFORMERS 5/5 4/28 PERCENT 3OLUTIONS FOR 3ERIOUS ,ITIGATION 3- Under the agreements, lenders CLOSE CLOSE CHANGE have the right to monthly reviews 1. Visteon Corp. $7.93 $5.88 34.86 of the company’s performance. 2. TRW Automotive Holdings Corp. 26.85 22.18 21.06 The company agreed to pay inter- 3. Lear Corp. 26.95 23.58 14.29 est rates 1.75 points higher than 4. Rofin-Sinar Technologies Inc. 62.71 56.11 11.76 originally agreed and to pay cer- 5. Somanetics Corp. 18.14 16.41 10.54 tain waiver fees. Credit Acceptance Corp. 26.82 24.50 9.47 The publisher of information 6. and education materials had an- 7. Meadowbrook Insurance Group 7.77 7.15 8.67 ,AWSUIT HEADED IN THE WRONG DIRECTION nounced in February that it would 8. Caraco Pharmaceutical Labs Ltd. 12.90 11.90 8.40 7E SPECIALIZE IN TURNING CASES AROUND 9. Clarkston Financial Corp. 15.25 14.10 8.16 10. Champion Enterprises Inc. 16.28 15.26 6.68 5/5 4/28 PERCENT CDB’S LOW PERFORMERS CLOSE CLOSE CHANGE 4HERES NOTHING WORSE THAN BEING IN A LAWSUIT AND NOT HAVING Covansys sells part of subsidiary CONlDENCE IN YOUR ATTORNEY )F YOU ARE INVOLVED IN CIVIL LITIGATION AND Farmington Hills-based Covan- 1. ProQuest Co. $11.45 $15.70 -27.07 FEEL YOU HAVE THE WRONG ATTORNEY CONSIDER CHANGING ATTORNEYS sys Corp. (Nasdaq: CVNS) an- 2. Covansys Corp. 13.44 17.40 -22.76 3TEPHEN - ,ANDAU 0# HAS DECADES OF EXPERIENCE nounced Tuesday that its wholly 3. Catuity Inc. 6.30 6.85 -8.03 SUBSTITUTING IN ALL TYPES OF CIVIL LITIGATION IN FEDERAL AND STATE COURTS 4. Asset Acceptance Capital Corp. 20.21 20.89 -3.26 IN ALL TYPES OF BUSINESS AND CONTRACT DISPUTES AND IN DIVORCE owned subsidiary, Covansys India 5. NAIC Growth Fund Inc. 8.10 8.30 -2.41 ACTIONS INVOLVING SIGNIlCANT ASSETS OR CUSTODY ISSUES 7E APPLY Ltd., has agreed to sell part of its Michigan Heritage Bancorp Inc. 12.25 12.50 -2.00 TIME HONORED PROCEDURES OF SUPERIOR RESEARCH AND HARD WORK Fortune Infotech Ltd. to Fidelity Na- 6. TO ACHIEVE MAXIMUM CLIENT RECOVERY OR TO MINIMIZE CLIENT LOSS 7. Comerica Inc. 55.96 56.87 -1.60 tional Financial Inc. (NYSE: FNF), a 7E CAN APPLY THESE PROCEDURES TO YOUR CASE TODAY 8. CMS Energy Corp. 13.13 13.32 -1.43 Fortune 500 provider of out- 9. Compuware Corp. 7.59 7.68 -1.17 ^ÊÓääÈÊ-Ìi« iÊ °Ê>`>Õ]Ê*° ° sourced products and services. 10. Taubman Centers Inc. 40.73 41.14 -1.00 &OR