THE LISTS UTILITY PROVIDERS | BIOSCIENCE COMPANIES | SUBMIT BUSINESS INFORMATION FOR FUTURE BIZWEST LISTS AT [email protected] REAL ESTATE Developers cry foul over water supply, 3A ENERGY Growing Vestas breezes past uncertainty, 7A DISCOVERIES Solar eclipse to test German power grid, 11A

THE BUSINESS JOURNAL OF THE BOULDER VALLEY AND NORTHERN COLORADO VOLUME 34 | ISSUE 7 | MARCH 20 - APRIL 2, 2015 RGS’ future cloudy Solar firm’s stock falls as lawsuits loom

JOEL BLOCKER/FOR BIZWEST BY STEVE LYNN Greeley’s Brix Taphouse and Brewery serves only Colorado-brewed beers including, after receiving the necessary license, its [email protected] own. “Our main goal is to introduce new beers to people – beers nobody else has ever seen,” co-owner Troy Milburn said. LOUISVILLE — Real Goods Solar Inc., a once-promising company doing business coast to coast, is teetering on the edge of being delisted amid mounting losses and Brix Taphouse celebrates three shareholder lawsuits alleging the com- pany made misleading statements about its financial health. Real Goods Solar (Nasdaq: NGSE), wealth of Colorado brews founded in 1978 and formerly a part of Lou- isville-based Gaiam Inc. (Nasdaq: GAIA), – and counting – it’s no wonder. Some of the beers come through installs rooftop solar systems nationwide. The Collaboration And that’s not even counting the distributors, Milburn said, but oth- company’s stock traded at a mere 28 cents in ever-growing number of wineries ers are delivered to the taproom mid-March, down from $4.39 a year ago. Its credited as aid and distilleries. by the brewers themselves. “These share price must rise to $1 per share for more to state’s startups That surge in popularity is guys are self-distributors,” he said. than 10 consecutive days by June 15 or it will reflected across the nation. The “They bring their kegs up here, pick be taken off the Nasdaq exchange. BY DALLAS HELTZELL Boulder-based Brewers Association up their empties and put pints in Real Goods Solar, which has seen the [email protected] reported March 17 that in 2014, the cooler.” Milburn occasionally resignations of its chief executive and chief craft breweries reached a double- also has to go pick up kegs from financial officers, said earlier in March that GREELEY — How prolific digit volume share of the U.S. mar- small brewers himself. it would reduce its headcount by 100 jobs, or has the state’s craft-beer industry ketplace – 11 percent – for the first A few of the taps stay the same more than 30 percent, as part of a reorganiza- become? It’s now so pervasive that time. because Milburn and partner Justin tion. The announcement followed a fourth- a new taphouse in downtown Gree- “We usually drain three kegs a Hiatt like to support Weld County- quarter earnings report that projected a $16 ley can have 60 separate Colorado- day,” said Troy Milburn, co-own- based brews such as those from million loss. made brews on tap at once – includ- er of Brix Taphouse and Brewery, Broken Plow, Crabtree, Weld Works The company also noted an $11 million ing some different ones every time a which held its grand opening Jan. 31 and Wiley Roots in Greeley, High impairment charge related to its acquisition of customer walks in. at 813 Eighth St. in Greeley. “So as Hops in Windsor and Echo in Fred- Hawaiian-based Sunetric just a year ago. The In a state with 117 licensed brew- we rotate through, we usually have erick. But the rest might come from acquisition has flailed as regulatory changes in pubs and 169 other craft breweries three new beers on tap every day.” ➤ See Taphouse, 14A ➤ See RGS, 23A

CONTENTS Briefcase...... 19A Technology Business News Digest...... 6A Colorado third in tech jobs...... 5A Editorial...... 22A Health Care For the Record...... 20A Nonprofit Network...... 20A Cost commission gears up...... 3A On the Job...... 18A Marketing The Eye...... 3A Clean up those email lists...... 16A Time Out...... 17A BizWest is an independent, locally owned business journal. 2A | March 20 - April 2, 2015 BizWest | www.bizwest.com Heska Corp. leading with 159.4 percent return for the year

Stocks of Local Interest 52-WK RANGE CLOSE YTD 1YR 52-WK RANGE CLOSE YTD 1YR NAME TICKER LO HI LAST* WK MO QTR %CHG %RTN P/E DIV YLD NAME TICKER LO HI LAST* WK MO QTR %CHG %RTN P/E DIV YLD

ARCA biopharma Inc ABIO 0.65 2 2.21 .81 ts t -15.1 -61.1 dd ...... Hain Celestial Grp HAIN 40.84 0 63.40 63.18 ss s +8.4 +33.9 49 ...... Advanced Energy Ind AEIS 16.00 8 28.18 25.57 st s +7.9 +1.9 21 ...... Halliburton HAL 37.21 1 74.33 40.52 st s +3.0 -26.1 10 0.72 1.8 Anadarko Petrol APC 71.00 3 113.51 80.64 st t -2.3 -2.5 dd 1.08 1.3 Heska Corp HSKA 8.60 9 26.68 24.10 ts s+32.9 +159.4 60 ...... 0 Array BioPharma ARRY 2.98 8.59 8.17 ss s+72.7 +60.1 dd ...... IBM IBM 149.52 2 199.21 157.08 st t -2.1 -13.7 13 4.40 2.8 Avago Technologies AVGO 57.27 0 131.54 129.87 ss s+29.1 +101.4 cc 1.52f 1.2 Level 3 Commun LVLT 36.00 0 55.95 54.55 ss s+10.5 +46.2 44 ...... Ball Corp BLL 52.90 8 77.20 70.41 st s +3.3 +27.8 20 0.52 .7 Noble Energy Inc NBL 41.01 2 79.63 45.61 st t -3.8 -33.1 14 0.72 1.6 Boulder Brands Inc BDBD 7.77 2 18.46 9.36 tt t -15.4 -44.4 55 ...... Noodles & Co NDLS 17.15 1 41.54 17.48 tt t -33.7 -54.6 47 ...... Clovis Oncology Inc CLVS 35.33 9 87.23 81.78 ss s+46.0 -4.3 dd ...... Pilgrims Pride PPC 16.17 6 32.62 25.06 st t -9.5 +69.4 9 5.77e ... Crocs Inc CROX 10.25 3 16.83 11.67 ts t -6.6 -20.8 dd ...... Rally Software RALY 8.24 3 18.75 11.09 st t -2.5 -37.8 dd ...... DigitalGlobe Inc DGI 23.85 0 35.46 34.75 ss s+12.2 +9.7 cc ...... Synergy Resources Cp SYRG 8.05 6 14.11 11.39 st t -9.2 +10.2 21 ...... Dynamic Matls BOOM 13.37 2 23.45 14.55 tt t -9.2 -22.9 27 0.16 1.1 2 EnCana Corp ECA 10.53 1 24.83 10.96 st t -21.0 -44.8 8 0.28 2.6 UQM Technologies UQM 0.71 3.05 1.13 ts s+44.7 -52.4 dd ...... Gaiam Inc GAIA 6.05 6 8.76 7.49 ss s +5.0 +13.3 dd ...... Vail Resorts MTN 64.47 0 96.94 100.50 ss s+10.3 +42.3 cc 2.49f 2.5 GlobeImmune Inc GBIM 4.29 2 15.00 6.42 tt t -15.4 ...... WhiteWave Foods Co WWAV 25.82 0 43.00 41.89 ss s+19.7 +44.0 47 ...... Google Inc C GOOG 487.56 6 604.83 554.51 ss s +5.3 ... 26 ...... Woodward Inc WWD 40.09 6 55.76 49.48 ss s +0.5 +18.9 18 0.40f .8

*Prices as of Monday. Dividend Footnotes: a - Extra dividends were paid, but are not included. b - Annual rate plus stock. c - Liquidating dividend. e - Amount declared or paid in last 12 months. f - Current annual rate, which was increased by most recent dividend announcement. i - Sum of dividends paid after stock split, no regular rate. j - Sum of dividends paid this year. Most recent dividend was omitted or deferred. k - Declared or paid this year, a cumulative issue with dividends in arrears. m - Current annual rate, which was decreased by most recent div- idend announcement. p - Initial dividend, annual rate not known, yield not shown. r - Declared or paid in preceding 12 months plus stock dividend. t - Paid in stock, approximate cash value on ex-distribution date. PE Footnotes: q - Stock is a closed-end fund - no P/E ratio shown. cc - P/E exceeds 99. dd - Loss in last 12 months. Source: The Associated Press. MarketMarketPulse Pulse FAST-CASUAL PICKUP DANKE SCHOEN HITCHING UP If it feels like more chain restaurants are popping up, that’s because they are. Despite all the worries about weak economies in Europe, Japan and U.S. companies are proposing to each other at a rate unseen The number of chain restaurants is once again growing at a faster rate than the elsewhere, U.S. companies are getting even more global. Foreign revenue since before the recession. Consider Simon Property Group, U.S. population, according to a Morgan Stanley tally. Total growth will likely be 2 grew faster than domestic for more than half the companies in the Standard & which said on Monday that it wants to buy rival mall operator percent this year. That may sound modest, but it’s more than double what it was Poor’s 500 index last year. Leading the way was Under Armour, which Macerich for $91 per share. The hostile bid is the largest of five years ago. reported big gains in both Europe and China. Its international revenue more $313.3 billion in announced merger-and-acquisition offers so The growth has been quickest in what are called “fast-casual” casual restau- than doubled to $288 far this year, according to Dealogic. That’s up 6 percent from rants — those like Chipotle Mexican Grill that place themselves between fast-food million from $138 million in last year’s pace, and it’s the highest for this point of the year and sit-down restaurants. The Morgan Stanley analysts say they’re not yet worried 2014. That meant foreign since 2007. By sector, health care has been the most popular too many fast-casual restaurants have been built, but it’s worth watching. revenue made up 9.3 ttarget.arget. percent of its total, up from Growth in chain restaurant locations 5.9 percent a year earlier. 2010 0.8% Keeping up the 2011 0.6 momentum may be tough, though. The dollar 2012 1.5 continues to rise, which 2103 1.8 dilutes the value of sales 2014 (prelim) 1.9 made abroad after 2015 (est.) 2.0 translating them back into dollars. Source: Morgan Stanley APA

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Specialists in the medicine of motion Pediatric Orthopaedics Work Injury Orthopaedics TICKET OFFICE: 970-221-6730 Shoulder Physiatry 12-6 PM, TUES-SAT • 417 W. MAGNOLIA ST. 2500 E. Prospect Rd. / Fort Collins, CO 80525 / 970-493-0112 / Toll-Free: 800-722-7441 3470 E. 15th St. / Loveland, CO 80538 / 970-663-3975 / Toll-Free: 888-663-3975 www.orthohealth.com BizWest | www.bizwest.com March 20 - April 2, 2015 | 3A Surging water prices dry up HeidiTown’s top vocation Fort Collins homebuilding is vacation BY DOUG STORUM [email protected] BY DALLAS HELTZELL East Larimer County [email protected] FORT COLLINS — Escalating Water District water prices are stalling several hous- At age 38, Heidi Kerr-Schlaefer of ing developments in northeast Fort Loveland just might have the best job Collins, an area the city would like to in Colorado. see include more housing to support In only eight years, she has blos- a growing workforce. City of somed from a writer for the Berthoud Waterfield, Fox Grove, East Ridge Fort Collins Weekly Surveyor and an obscure and several other proposed housing blogger reviewing movies, books and projects in the area are facing water Douglas Rd. restaurants to become a one-woman fees so high that they are jeopardiz- tourism-promotion machine – and East Larimer County ing the future of hundreds of homes, Water District self-proclaimed mayor of “Heidi- three developers say. Town.” Although these projects are within Rd. Turnberry city limits, developers must buy water EYE through the East Larimer County 1 BIZWEST Vine Dr. Water District, or ELCO, which along S. Timberline Rd. 2 She’s on the with the Fort Collins-Loveland Water road at least District, the West Fort Collins Water three weekends a Mulberry St. District and the city’s utilities depart- 3 month to review ment, provides water to separate parts festivals and of the city. Prospect Rd. unique experi- Mike Scheid, general manager of ences around ELCO, said the district always has Colorado, and Taft Hill Rd. Taft Lemay Ave. required developers to “bring their College Ave. has developed own water” into the district’s system, such a statewide Kerr-Schlaefer as is the case for other districts that Horsetooth Rd. reputation that operate within the city’s limits. But most of her lodging and meals now that was at a time when development Water prices impacting housing projects are complimentary. wasn’t as prevalent and outside water Developers with housing projects planned for northeast Fort Collins are frustrated “I wish I could tell you that I had prices were much lower. over rising water costs that they maintain could jeopardize their efforts to complete a beautiful business plan,” she said, Waterfield and East Ridge are near projects within the East Larimer County Water District. adding that besides the comps and Timberline Road and East Vine Drive, revenue from advertisers on her 1 Waterfield: 175 single-family detached homes, and up to 200 apartment units. and Fox Grove is south of East Mul- HeidiTown.com website, her greatest 2 berry Street and east of Interstate 25, East Ridge: 384 single-family detached homes, 200 to 240 multifamily units. return on investment is that “I have 3 areas within ELCO that have been Fox Grove: 105 single-family detached homes. met the coolest people. The stories annexed into the city. STEVE MILLER/BIZWEST are the people, not the places.” ELCO was formed by the state in The best parts, she said, are the 1962 to serve unincorporated Lar- Pinnacle Consulting Group in Love- price points,” he said. experiences that challenge what she imer County north and east of Fort land and Greenwood Village, said the Ted Shepard, a planner with the thought she knew. Collins and to provide water for agri- water issue is a public-policy dilemma city of Fort Collins, said building “Usually after three nights in a row cultural purposes, but over time the that threatens future development in homes in the northeastern part of the of eating out, I’m just not feeling very city has annexed some of those unin- northeast Fort Collins. city would allow people who work in good,” she said. But during a trip to corporated areas. “This area has the best potential the city to live in the city, avoiding Delta County last May to write about Rich Shannon, a consultant with for a mix of housing with a variety of ➤ See Water, 4A agri-tourism, “after three days of eat- ing truly farm-fresh foods, I felt great – and that’s the first time I had put A and B together. Then there was a weekend trip Panel to hear health-care cost concerns to the High Plains Goose Festival in Lamar, which she was convinced was BY STEVE LYNN bylaws, charters and other docu- Legislature that led to the cre- going to be “flat, uninteresting ranch- [email protected] ments as well as staffing require- ation of the state health exchange, land. I couldn’t have been more wrong ments. according to the Colorado Health – and I love being surprised.” A special bipartisan commis- “They’re taking their time get- Institute, which has monitored One local official told Kerr-Schlae- sion charged with examining the ting started and making sure this closely the new commission. fer that she was so glad the area was high cost of health care in Colo- is a long-term effort,” said Mat- Members of the new commis- getting publicized because “the TV rado plans to hold public hearings thew Valeta, health policy ana- sion include health-care providers weather lady always stands in front of during late summer and fall in lyst for the Colorado Consumer as well as representatives of small us on the map.” each of Colorado’s congressio- Health Initiative who has attend- and large businesses, insurers, After years of covering festivals nal districts to listen to concerns ed the meetings. “They’re getting hospitals and state government. around the state, Kerr-Schlaefer is about health-care costs from resi- ready for the next two-and-a-half The commission has three years getting her own. The town of Ouray dents and health care industry years.” to create three reports addressing will hold the HeidiTown Fest over representatives. The 17-member commission, health care and insurance costs, Memorial Day weekend, with the slo- Established to make policy rec- created by a bill sponsored by said commission chairman Bill gan “Live Like the Mayor.” ommendations to the state Leg- Sens. Ellen Roberts, R-Durango, Lindsay, president of Lockton Not bad for someone who had islature and Gov. John Hicken- and Irene Aguilar, D-Denver, fol- Benefit Group in Denver. The first degrees in political science and philos- looper, the Colorado Commission lows the work of another task report is due in November. ophy and was headed for law school on Affordable Health Care has force known as the 208 Commis- The group developed its stan- at the University of Denver. What met seven times since August. It sion in 2007. That group made dards, including a conflict-of- changed her mind? has focused mostly on establishing recommendations to the state ➤ See Health, 15A “Working for a lawyer.” 4A | March 20 - April 2, 2015 BizWest | www.bizwest.com

WATER from 3A commutes from nearby bedroom com- rently, the cash-in-lieu rate is $6,500 munities such as Timnath, Wellington per acre foot.” and Severance, where more, lower- Building homes in an area served by LOCAL MATTERS! cost housing is being developed. From the city is financially attractive com- HOME CARE | INDEPENDENT LIVING | ASSISTED LIVING the “big-picture perspective,” Shepard pared with building in areas served by said, “there is concern with a growing other water districts because municipal REHABILITATION | NURSING HOMES in-commuting workforce.” water fees are lower, making building Curly Risheill, owner of Risheill moderate-income housing easier. MEDICAL EQUIPMENT Homes LLC in Castle Rock and a part- “We want to build homes that ner in the Waterfield project with Jim are affordable, in the $260,000 to Dullea of Parker Land Investments $300,000 range. But with these water LLC, said bringing water into ELCO’s fees, it doesn’t make financial sense for system is cost-prohibitive. us to build. I can’t find a builder who “We’ve talked with a supplier, but can produce a home at those price they quoted exorbitant water fees. … points if we have to pay high water We are frustrated. This project has fees,” Risheill said. “The tap fees don’t been platted and approved by the city. concern us; we know developers are We’ve done everything they’ve asked, expected to buy those.” but now this is holding us up.” Gary Hoover, owner of Windsor- Rischell said tap fees, which include based homebuilder Hartford Com- raw water fees that cover the infra- panies, has received approval for East structure needed to treat and transport Ridge’s 384 single-family lots and water, and a plant investment fee, come tracts reserved for future development to about $24,000 per home. Waterfield including 200 to 240 multifamily units consists of 175 single-family homes and on 147 acres. up to 200 apartment units. Scheid said Developer Les Kaplan’s Fox Grove ELCO’s one-time charge for tap fees would include 105 single-family for a typical apartment unit would be detached homes on the 36-acre site. At approximately $12,000 — $9,000 for the current water prices, Kaplan said, the raw water fees and $3,000 for the he can’t move forward with the project plant investment fee. and suspects other developers that are Developers building homes within trying to build in areas that are not ser- the Fort Collins-Loveland Water Dis- viced by the city are in the same boat. trict are charged $23,000 per acre foot “There are at least 1,000 lots that are for raw water and a $7,000 tap fee per stuck in the mud,” Kaplan said. “Some- single-family home, according to Mike thing needs to done about this. It’s a DiTullio, the district’s manager. Fort good example of how discombobulated www.columbinehealth.com Collins Utilities, on the other hand, Fort Collins’ growth-management area charges a cash-in-lieu fee of approxi- plan is.” mately $6,500 per acre foot per home. The city of Fort Collins has extra Tap fees through the city’s utilities can water, but won’t sell it to develop- HUB International Insurance Service Presents range from $2,000 for a 4,000-square- ers who are building within ELCO’s foot lot to $7,700 for a one-half acre lot. boundaries, Scheid said. Carol Webb, the city of Fort Col- Webb said this has become a big lins’ water resources and treatment issue as growth continues and water operations manager, said the raw-water prices increase. requirement for a single-family home “We (the city) do collaborate with varies based on the lot size. the water districts that serve portions “Using a small lot size of 4,000 of the city, but we have legal restrictions square feet, a minimal amount of water on what we can do with water that is might be about 0.56 acre-feet. The designated for our own service area,” city’s water utility accepts both water Webb said. “We have talked about the rights and cash-in-lieu of water rights to issue, but not the resolution for it. It’s meet the raw water requirement. Cur- an evolving conversation.”

Overcoming 6055 and 6056 Headaches! CORRECTIONS Health Care Coverage Reporting: Sections 6055 and 6056 of the ACA BizWest will correct any errors that appear in its pages. To suggest a correction or clarification, please contact Executive Editor Jerd Smith at 303-630-1951, or email at [email protected]. This seminar will provide an overview of the final forms, the data required and deadlines you need to be aware of. Important additional information will also be provided on vari- ous payroll and benefit administration systems that can assist you with this obligation. Please plan on attending along with your colleagues from accounting and/or payroll to learn about this new process. Presented by Sibyl Bogardus, JD, HUB’s Chief Compliance Officer Volume 34 : Issue 7 Thursday April 2nd 8:30 - 10:30 am | John Q Hammons Conference Center March 20 - April 2, 2015 4705 Clydesdale Parkway, Loveland CO 80538 Copyright 2015. BizWest Media LLC. Reproduction or use of editorial or graphic content without written permission is prohibited. BizWest (USPS 018-522, ISSN 1528-6320) is published biweekly, with an extra issue in January, by BizWest Media LLC, a Colorado For more information LLC, 1790 30th Street, Suite 300, Boulder Colorado, 80301. about this event please email Periodical Postage Paid at Boulder, CO and at additional mailing offices. [email protected] Subscriptions are $49.97. International subscriptions are $180.00. POSTMASTER; Send change of address notices to: BizWest Media LLC Subscriber Service, www.hubinternational.com PO Box 17125, North Hollywood, CA 91615-7125 The resources of an international company right where you do business. 303-630-1953 n 970-232-3143 n E-mail:[email protected] BizWest | www.bizwest.com March 20 - April 2, 2015 | 5A BizWest | www.bcbr.com | www.ncbr.com July 11-24, 2014 | 1 Report: Colorado’s tech sector still riding high

BY DALLAS HELTZELL of the state’s GDP, trailing only Ore- [email protected] Tech industry in Colorado gon at 26.5 percent and Washington at 12 percent – and compared with 7.1 The competition for attract- n Employment trends +3.3% n Technology snapshot percent in the nation as a whole. (5,500 jobs) ing technology jobs is getting more Tech industry jobs 186,149 “While Colorado continues to be 200,000 intense every year, but Colorado still Tech companies 14,425 a leader in the technology sector, we is running near the front of the pack. Tech company payroll $19B know it will continue to take a lot of The state ranked third in the work to maintain the momentum, Average tech wage $101,842 nation for its concentration of high- so public and private policy need to State rank: Tech employment 13 tech workers and fifth for percentage prioritize keeping Colorado as a top State rank: Average tech wage 9 of its payroll coming from technology innovation center,” said Mike Freeman, industries, according to “Cyberstates 100,000 n Top states by concentration of chief executive of Innosphere, a Fort 2015,” an annual report from the tech workers, 2014 Collins-based clean-tech incubator. nonprofit TechAmerica Foundation 1. Massachusetts 9.8% “To keep Colorado at the top, we need that also found that the technology 2. Virginia 9.4% to get better at reducing manufacturing industry accounted for 11.3 percent 3. Colorado 9.2% risk. We know this because over the of the state’s economy in 2014. 4. Maryland 8.6% past 24 months, Innosphere saw a high “It doesn’t surprise me based on 08 09 10 11 12 13 14 5. Washington 8.4% number of companies fail because they what we’re seeing in the community,” were never able to effectively address said Todd Headley, president of CSU Sources: Bureau of Labor Statistics; EMSI; Burning Glass Technologies Labor Insights their technology-development risks.” Ventures, the technology arm of Col- Colorado had 186,149 tech-indus- orado State University in Fort Collins. try jobs with a total annual payroll The report identified “hubs” of of the workforce – trailed only Mas- it’s bearing fruit,” said Ryan Martens, of $19 billion by the end of 2014, concentration in certain states. Wash- sachusetts at 9.8 percent and Virginia founder and chief technology offi- the report said, up from 156,900 ington, for instance, has the highest at 9.4 percent, and far exceeded the cer at Boulder-based Rally Software and $14.2 billion just four years ago. concentration of software publishers, national average of 5.7 percent. Even Development Corp. (NYSE: RALY). Its average tech-industry salary of while Arizona and Oregon are meccas more pronounced was technology’s “A lot of it comes from the different $101,842 a year ranks ninth in the for semiconductor manufacturing. slice of the payroll pie in Colorado; sectors – high tech, green tech, life nation and was nearly twice the state “Digital health is certainly an area 18.4 percent of the state’s total came sciences, telecom – working together.” average for private-sector wages, that’s growing here,” Headley said, from the tech sector, fifth behind Technology’s importance to Colo- which stood at about $51,000. “but any of these tech sectors that California at 20 percent, Virginia at rado’s economy also is reflected in Twenty-four companies have grad- are strong and growing – it helps the 19.3 percent, and Massachusetts and its share of the state’s gross domestic uated from Innosphere’s incubation whole ecosystem.” Washington at 19 percent each. product. By the end of 2014, accord- program in the past two years, Free- The figure for concentration of “We planted this seed here in Colo- ing to the report, the tech industry in man said, creating 204 jobs with an workers in Colorado – at 9.2 percent rado long ago and watered it, and now Colorado accounted for 11.3 percent ➤ See Tech, 10A

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dorsey.com 6A | March 20 - April 2, 2015 BizWest | www.bizwest.com BUSINESS NEWS DIGEST Nonprofit program helps startups achieve early exits

What follows is a compilation of people employed and 1,341 looking plans must enroll in Affordable Care ruary of 2014. The Loveland figures recent news reported online by BizWest. for work. Act compliant plans in order to receive also include Berthoud sales. com. Find the full stories using the search Posted March 17. health-care coverage. Posted March 10. window at the top of the homepage. Posted March 13. Sierra Nevada reworks Pilgrim’s Pride offers $50K FORT COLLINS — Nonprofit Dream Chaser design Pot executives form reward for chicken killers tech-incubator Innosphere in Fort LOUISVILLE — The unmanned trade association GREELEY — Pilgrim’s Pride Collins is helping three Boulder- cargo-only version of the Dream BOULDER — The executives Corp. (Nasdaq: PPC) is offering based startups prepare for early Chaser spacecraft that Sierra Nevada of Sage Analytics have formed the a $50,000 reward for information exits. Innosphere, through its recent- Corp. unveiled March 17 will have Green Standard Working Group, a leading to an arrest of vandals who ly launched Actuator program, helps folding wings and an added cargo marijuana industry trade association killed 325,000 chickens in rural clients by offering specialized sup- module attached to the back. The created to establish standardized South Carolina. Chicken growers port to connect with investors who changes from the crewed version of analytical methods for potency test- who supply birds to Pilgrim’s Pride, wish to partner with or acquire a Dream Chaser, company officials ing. The GSWG provides an open based in Greeley, are facing $1.7 mil- startup. The program is a partner- said, will help add to the vehicle’s forum for industry leaders to work lion in losses because of the killings, ship of Innosphere and Boulder- versatility as SNC vies for an esti- together with the intent of nominat- Clarendon County Sheriff Randy based Covalency LLC. Founded by mated $14 billion in NASA contracts ing and implementing testing proto- Garrett said. The farmers contract Rob Gellar, Covalency is a group to carry supplies and experiments to cols. This will lead to better, more with Pilgrim’s Pride to grow chick- of executives who have spent their the International Space Station from consistent test results, giving pow- ens for the company’s prepared- careers building technology compa- 2018 to 2024. Landing a piece of the erful and accurate information to foods facility in Sumter, S.C. Van- nies. The Actuator program has been NASA cargo contracts would be a big everyone in the cannabis eco-sphere, dals bypassed alarm systems and up and running for the past 45 days. boost for SNC, which bases its Space including growers, MIP producers, adjusted temperatures in 16 chicken The group is helping Vairex Air Sys- Systems division in Louisville. The dispensary operators, regulators and houses on six farms in Clarendon tems, Leo Technologies and Yomami company lost out last year to Boeing consumers. More information is at County. People with knowledge of in their efforts to be acquired. Com- and SpaceX for $6.8 billion worth of TheGSWG.org or 720-282-4550. raising chickens killed the birds fol- panies accepted into the Actuator contracts to carry NASA astronauts Posted March 12. lowing Pilgrim’s Pride’s decision not program must be Innosphere clients. to the ISS. to renew employment contracts of They pay $5,000 annually to be a Posted March 17. Alfalfa’s Market raising people who worked at its prepared- client and will pay the incubator and funding for third store foods facility and at the farms, Gar- Covalency a fee when an exit event GoLite bankruptcy BOULDER — The owners of rett said. occurs. case dismissed Alfalfa’s Market Inc., are raising Posted March 6. Posted March 17. BOULDER — The bankruptcy money with the aim of opening a case for out-of-business outdoor third store in the summer of 2016, Retailer negotiating for Xcel: Energy bills due retailer GoLite has been dismissed. eyeing possible locations in Fort Col- Dillard’s space in Greeley for big decrease in Q2 U.S. Bankruptcy Judge Elizabeth lins, Longmont and Denver. The GREELEY — A retailer is nego- Xcel Energy filed quarterly cost Brown issued the dismissal order Boulder-based natural grocer has tiating a lease for a 93,000-square- adjustments with the Colorado Pub- five months after the company, offi- stores in Boulder and Louisville, the foot anchor space at Greeley Mall. lic Utilities Commission that it says cially Coupounas LLC, had filed for latter of which opened last summer. Shawl Pryor, senior vice president will lower the natural-gas portion Chapter 11 protection to try to reor- The company disclosed in a regula- at Moonbeam Capital Investments of residential customers’ bills by 18 ganize. GoLite, having concluded a tory filing that it closed on more than LLC, a private-equity fund of mall percent for the second quarter of this liquidation sale Dec. 31 and closed $1.3 million in bridge note financing. owner Moonbean Equities LLC in year when compared with the same its remaining stores, last month had The goal, chief financial officer and Las Vegas, said Friday that negotia- period in 2014. Combined with a filed a motion to dismiss the case, co-founder Barney Feinblum said, is tions are under way, but he declined small decrease in the cost of elec- noting that the company’s lone private to raise $2.5 million in bridge notes. to name the retailer who would take tricity as well, the typical residential secured creditor, GemCap Lending He said the company also is looking space previously occupied by Dil- bill will decrease by 8.8 percent. I LLC, had been paid in full for the to raise $5 million in equity funding lard’s. Of the mall’s 504,800 square Small businesses will see their bills $816,475 it was owed. The company by the end of the year. Once that feet, about 71 percent is currently decrease by about 13 percent, mean- also noted in the filing that $62,918 in is raised, the bridge note financing leased, said Lori Giggey, assistant while. taxes, plus interest, had been paid to would likely convert to new equity. general manager of the mall. Posted March 17. the Colorado Department of Revenue. Feinblum said the funding would be Posted March 6. GoLite employees were to be paid out used for a combination of retiring Region’s Jan. jobless for about $34,000 in unpaid vacation some debt, working capital and to Cargill settles suit rates slide from ‘14 time, and the Colorado Department build the new store. against former exec Larimer County’s unemploy- of Revenue had a remaining priority Posted March 11. GREELEY — Cargill Inc. has ment rate rose from 3.1 percent in tax claim of $51,538. reached a settlement with a former December to 4.1 percent in January, Posted March 16. Region’s median home executive accused of stealing trade according to the Colorado Depart- prices soar in February secrets when he took a position at ment of Labor and Employment, ACA-noncompliant The median single-family home rival meatpacker JBS USA in Gree- with 166,935 people employed and health plans targeted prices in Fort Collins, Loveland and ley. Cargill filed a lawsuit against 7,067 looking for work. But the rate Health insurance plans for indi- Longmont all eclipsed $300,000 for Jason Kuan, former Cargill Case was down from 5.5 percent in Jan- viduals and for small employers that the month of February, a milestone Ready Canada vice president, in U.S. uary 2014. Boulder County’s rate do not meet Affordable Care Act reached only once by each city last District Court in Denver in August. rose from 3.0 percent in December requirements cannot continue into year. Cargill, a privately held Delaware to 3.7 percent in January but was 2016, the state Division of Insurance The figures are based on the latest corporation, operates a meat pack- down from 5.1 percent a year ear- said, a move anticipated by many in report from the IRES multiple listing ing plant in Fort Morgan. Kuan, who lier. The county had 169,772 peo- the industry. The ruling means that service. Among the region’s five larg- left Cargill to join head JBS USA’s ple employed and 6,583 looking for insurance companies will not continue est cities, Longmont saw the biggest new Case Ready Division, has denied work. Weld County had a January offering plans that fail to comply with gain from February a year ago, with stealing trade secrets, according to unemployment rate of 4.2 percent, the Affordable Care Act, and consum- the median there rising 28 percent court documents. An order signed up from 3.9 percent in December ers will not be able to renew these to $302,500, up from $237,000. March 9 by U.S. District Judge Ray- but down from 6.8 percent a year plans. The decision does not affect Fort Collins saw its median single- mond Moore bars Kuan from disclos- earlier. Weld had 6,187 people look- grandfathered plans, defined by the family price climb 27 percent, from ing Cargill’s trade secrets and orders ing for work and 140,574 employed. Affordable Care Act as plans with an $250,000 a year ago to $316,000 in Kuan to return copies of Cargill’s Broomfield County saw its rate rise effective date before March 23, 2010. February. The median price in Love- business information. The injunction from 3.6 percent in December to For 2016, individuals and small busi- land, meanwhile, rose 22 percent to will remain in effect until Dec. 31. 4.0 percent in January, with 32,265 nesses not enrolled in grandfathered $310,000, up from $253,950 in Feb- Posted March 11. BizWestBIZWEST | www.bizwest.com WWW.BIZWEST.COM March 20 - April 2, 2015 | 7A ENERGY 8 | Utility providers Growing Vestas breezes past uncertainty

BY STEVE LYNN [email protected]

WINDSOR — Danish wind tur- bine maker Vestas Wind Systems A/S has recorded five consecutive profit- able quarters and plans to expand its Windsor factory as it hires hundreds of additional employees. Although the continued limbo of the federal wind-production tax credit may hamper wind-turbine manufacturers later this year, the momentum at Vestas is strong. Aarhus, Denmark-based Vestas (OMX: VWS) and other wind pro- ducers have long-relied on the wind- production tax credit that vaulted the industry to higher production earlier this decade, and company officials repeatedly have called for its renewal. Large wind producers such as Ves- tas who do much of their business in the United States continue to rely on the tax credit to sell turbines. Deal volume is likely to shrink this year without the incentive, experts said. “That is probably slowing down some deals from being made this STEVE LYNN/BIZWEST year,” said Tom Darin, senior director Hans Jespersen, vice president and general manager for Vestas Wind Systems A/S’ Windsor blade factory, gives Gov. John for Western state policy at the Ameri- Hickenlooper a tour of the plant in July. The Danish wind turbine company plans to hire 400 more workers in Windsor this year. can Wind Energy Association. “The question is, what happens next?” Vestas earned $443 million in tively cover projects started in 2014, 2015, we’re back to the starting point, Amid the tax-credit debate, Vestas 2014, following a loss of $93 million it but expired at the end of the year. which is (that) it’s an uncertain busi- has attained profitability in every in 2013. The company reported 2014 A Senate bill to extend the wind tax ness environment.” quarter since the fourth quarter of revenue of $7.8 billion versus $6.9 credit five years failed in January, with Vestas owns four factories in 2013 after two years of quarterly billion in 2013. Sen. Cory Gardner, R-Colo., voting Colorado: one each in Windsor and losses. The company produced and shipped against the bill and Sen. Michael Ben- Pueblo and two in Brighton that pro- The United States represents Ves- more than 2,500 wind turbines in net, D-Colo., voting in favor. duce wind turbines for wind farms tas’ largest market in the Americas, 2014, up from more than 2,000 in State renewable-energy standards, throughout North America, the com- with a third of wind-turbine orders 2013. The higher sales came from meanwhile, have helped lift wind pro- pany’s second largest market. The being generated here. increased orders in the United States. ducers despite the uncertainty sur- Windsor factory is the only one where “Market activity in the USA is as Vestas would welcome a tax-credit rounding the production tax credit, the company will hire 400 additional always heavily correlated with the extension this year but would prefer which the wind association has sought workers, including production and production-tax credit (PTC),” Vestas’ a longer-term energy policy so it does to renew, Darin said. production-support jobs. Pay will annual report reads. “In 2014, the not have to depend on annual renew- “We’re working with the new range from $13 to $16 per hour. market was characterized by contin- als, said Vestas spokeswoman Piper Congress to see what that’s going to “We are considering a physical ued PTC-related demand, as custom- Baron. look like for 2015 and moving for- expansion of the Windsor facility to ers utilized the PTC based on certain Congress renewed the production ward,” Darin said. “Because there is accommodate our increased produc- conditions being met.” tax credit in December to retroac- no tax credit in place right now for ➤ See Vestas, 9A 8A | March 20 - April 2, 2015 BizWest | www.bizwest.com BIZWEST LIST Utility Providers Ranked by number of customers

Website Person in charge No. of customers % electric % water Email Title RANK Company name No. of employees % gas % sewer Phone/fax Year founded Xcel Energy* 985,000 53% 0% www.excelenergy.com David Eves 1800 Larimer 3,750 47% 0% N/A president, Colorado 1 Denver, CO 80202 303-245-2254/303-245-2292 1909 Northern Colorado Water Conservancy District 880,000 0% 100% www.northernwater.org Eric Wilkinson 220 Water Ave. 90 0% 0% [email protected] general manager 2 Berthoud, CO 80513 800-369-7246/970-532-0942 1937 Platte River Power Authority 153,000 100% 0% www.prpa.org Jackie Sargent 2000 E. Horsetooth Road 217 0% 0% [email protected] general manager 3 Fort Collins, CO 80525 970-226-4000/970-229-5244 1973 City of Greeley Water & Sewer Department 125,000 0% 100% www.greeleygov.com/water Lory Stephens 1100 10th St., Suite 300 105 0% 100% [email protected] office manager 4 Greeley, CO 80631 970-350-9811/970-350-9805 1870 United Power Inc. 74,486 100% 0% www.unitedpower.com Ronald Asche 500 Cooperative Way 165 0% 0% [email protected] CEO 5 Brighton, CO 80603 303-659-0551/303-659-2172 1938 Fort Collins Utilities 70,554 31% 34% www.fcgov.com/utilities Kevin Gertig 700 Wood St. 400 0% 35% [email protected] executive director 6 Fort Collins, CO 80522 970-221-6700/970-221-6619 1882 Atmos Energy Corp. 50,000 0% 0% www.atmosenergy.com Darwin Winfield 1200 11th Ave. 40 100% 0% [email protected] manager of public affairs 7 Greeley, CO 80631 1-888-286-6700/N/A 1942 Longmont Power & Communications 37,751 100% 0% www.longmontcolorado.gov/lpc Tom Roiniotis 1100 S. Sherman St. 86 0% 0% [email protected] general manager 8 Longmont, CO 80501 303-651-8386/303-651-8796 1912 Poudre Valley Rural Electric Association Inc. 37,329 100% 0% www.pvrea.com Jeff Wadsworth 7649 REA Parkway 85 0% 0% [email protected] CEO 9 Fort Collins, CO 80528 800-432-1012/970-226-2123 1939 Loveland Water & Power 34,144 40% 30% www.cityofloveland.org/lwp Steve Adams 200 N. Wilson Ave. 129 0% 30% [email protected] director 10 Loveland, CO 80537 970-962-3000/970-962-3400 1887 Fort Collins - Loveland Water District 16,500 0% 100% www.fclwd.com Mike DiTullio 5150 Snead Drive 25 0% 0% [email protected] district manager 11 Fort Collins, CO 80525 970-226-3104/970-226-0186 1963 Town of Estes Park - Utilities 12,000 60% 40% www.estes.org Reuben Bergsten 170 MacGregor Ave. 26 0% 0% [email protected] utilities director 12 Estes Park, CO 80517 970-577-3588/970-586-6909 1945 Regions surveyed include Boulder, Broomfield, Larimer and Weld counties.customers. Researched by Kiley Gant * Customer and employee numbers are for all of Colorado.

7KH(QHUJ\:H1HHG7KH(FRQRP\:H:DQW $QG7KH(QYLURQPHQW:H9DOXH

Working together with Colorado, Noble Energy delivers the natural gas and oil needed to heat our homes, run our businesses and power our cars. Everyday, our mission is the same: to stand up and provide our neighbors and communities with clean, safe, affordable local energy. After all, it’s our home too.

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VESTAS from 7A tion needs, but have not made a final ness had increased 25 percent in 2014 decision,” Baron said. from 2013. Vestas stock, traded on the Copen- Fort Collins-based Woodward Inc. hagen Stock Exchange, has recorded (Nasdaq: WWD), which makes energy a 52-week-high of 303 Danish kro- and aerospace control systems, makes a ner ($43.09 U.S.), almost double part that converts variable power into a its 52-week-low of 162.50 ($23.11). stable electrical current for the energy Shares were selling for 287.80 kro- grid. After deciding not to expand its ner ($40.93) in mid-March and for wind business in China during the 197.80 ($28.13) a year earlier. wind slowdown of 2013, the company As Vestas stock rose 46 percent in shifted its focus to Europe and lately the past year, the company has gone has seen higher growth, although not on a hiring spree in Colorado. The as high as during the wind boom in Build your supply chain company does not release individual 2012, said Bob Weber, Woodward’s factory employment figures, Baron chief financial officer. said, but past statements by the com- “We decided to focus on a Euro- and connect with other pany indicate the company planned to pean base, and that has proven very hire hundreds of workers in Windsor successful for us,” said Weber, not- Northern Colorado last year alone. ing that Woodward does not dis- Vestas planned to employ almost close financial performance of sectors Manufacturers. 2,000 people at the end of 2014 in within its energy segment, including Colorado, with more than 850 new wind. “Wind, for Woodward, is com- The NoCo Manufacturing Partnership invites hires at its Colorado factories. ing back.” In 2012, Vestas reached its former Woodward does not rely on the you to attend the Inaugural NOCOM 2015 peak in Colorado employment with a tax credit since it has very little wind Manufacturing Trade Show total of nearly 1,800 workers thanks business in the United States, he said. to the production tax credit. But “We will still argue that, whether the company was forced to lay off it’s our business or anybody’s busi- hundreds of workers when Congress ness, that stability in energy policy is waited until the beginning of 2013 to clearly of value to everyone,” he said. renew the credit. “To take something like wind … and Other Northern Colorado wind have it subject to on-again, off-again producers also have seen growing legislation is not good for business.” success since 2013. Stamford, Conn.- based Hexcel Corp. (NYSE: HXL), Steve Lynn can be reached at 970- which operates a plant in Windsor 232-3147, 303-630-1968 or slynn@ that supplies the nearby Vestas fac- bizwestmedia.com. Follow him on Twit- tory, reported sales in its wind busi- ter at @SteveLynnBW.

For nearly 20 years Teleco of The Rockies has managed and Tuesday, May 5th & Wednesday, May 6th “serviced our voice and data services. The Ranch Events Complex As a busy organization, we do not have the time to worry about the ever changing world of voice and data and with Teleco of The Rockies 5280 Arena Circle, Loveland working with us, they take that worry off of our minds. This inaugural event will be comprised of nearly 60 manufacturing companies featured in the Exhibitor Hall, ongoing company overviews Teleco of The Rockies has always gone above and beyond to ensure given by booth sponsors, presentations by Colorado’s most sought-after that our services are uninterrupted. OEMs on how to do business with their companies, and a captivating panel discussion on digital manufacturing. The United Way 211 Contact Center information and referral services is vital to the people of Larimer County and during recent natural • 10’ x 10’ Exhibitor Booths: $250 disasters in Northern Colorado Teleco of The Rockies made sure that • 10’ x 20’ Exhibitor Booths: $350 our technology supported the response efforts. Booth space is reserved for Manufacturers. Reserve your booth space by April 1st Thank you, Teleco of The Rockies for giving us the peace of mind we to be included in the Event Program. need to ensure our organization runs smoothly. st Connecting“ you All booth sales close on May 1 . Manufacturer General Admission: Jean Grove $10 Preregistration/$15 At the Door FacilitiesWith Director Your CustomersAGENDA. United Way of Larimer County May 5th: Kickoff Networking Event - Manufacturer’s Edge Beers and Gears • Business Telecommunications Solutions Connecting you (Voice and Data) Separate Registration Required for this Event • Voice Processing Systems WithMay Your 6th: • Voice over IP Solutions Trade Show andCustomers Speaker Presentations . • Call Center Applications and Management Closing Reception - Colorado Advanced Manufacturing Alliance • Call Accounting Packages (CAMA) B2B Lounge • Paging Solutions • Business Telecommunications Solutions (Voice and Data) • Voice and Data Cabling • Voice Processing Systems • Extended Warranty and Partnership Programs • Voice over IP Solutions • Service, Repair, and Remote Support For more information and to register, • Call Center Applications and Management • Moves, Adds, and Changes • Call Accounting Packagesplease visit: www.nocomfg.com • Full Project Management • Paging Solutions • Business Financial Solutions • Voice and Data Cabling • Extended Warranty and Partnership Programs • Service, Repair, and Remote Support 970-282-7500 • Moves, Adds, and Changes • Full Project Management www.telecofc.com • Business Financial Solutions 970-282-7500 www.telecofc.com 10A | March 20 - April 2, 2015 BizWest | www.bizwest.com

TECH from 5A average full-time salary of $94,334. Austin (Texas) is fantastic, just in the Fort Collins because he couldn’t find Although space- and defense-sys- Martens pointed to more initial past three years – but the traffic is an opportunity in south Florida at the tems manufacturing accounted for public offerings on the horizon in abominable.” pay and level of benefits he wanted. just 5,600 jobs in Colorado, that was Colorado’s tech sector as a factor With the U.S. Department of Florida’s average salary for tech work- enough to rank the state fifth in the that will build visibility and manage- Labor forecasting that the United ers in 2014 was $80,367, according to nation, behind California, Arizona, ment caliber on which companies in States will have 1 million more tech- the report, about 80 percent of what Florida and Massachusetts. the state can draw. But he said that nology-industry jobs than candidates firms in Colorado pay – even though The producer of the report, the very attraction and growth can cre- to fill them by 2020 if trends con- Florida ranked fourth in the number TechAmerica Foundation, sponsors ate problems that could hinder tech- tinue, Colorado’s high rankings are of tech jobs added in 2014 and near research projects, surveys and con- industry growth in Colorado. likely to continue to serve as lures for the top for total jobs in 10 of the ferences to examine critical technol- “We’ve got to address housing workers from other states who haven’t report’s 17 industry segments. ogy issues within the federal sector. affordability, transportation and ridden the tech wave as successfully. DeRolf still owns a home in the Arlington, Va.-based Professional diversity in the workforce,” he said. A recent story in the Miami Her- Fort Lauderdale area, but for now he’s Services Council, a group that counts “Some of the greatest technology ald featured the case of Brad DeRolf, a Coloradan. defense and technology companies innovations are in the Silicon Val- who has worked in the technology “Too many employers seek employ- from Lockheed Martin to Amazon ley, but it’s getting pretty hard to sector for 35 years but took a senior ees that have done the exact job rather Web Services as members, acquired live there. And what’s happened to quality-assurance position at Intel in than look at the successes of the pros- TechAmerica last month – just after pect and what they can bring to the the Cyberstates report was issued company,” DeRolf told the Herald. – from Downers Grove, Ill-based “Any programmer worth a dime can CompTIA Properties LLC, an infor- learn a new language rapidly. (Com- mation technology trade association, /RYHODQG'RZQWRZQ3DUWQHUVKLS panies) should be more concerned which itself had acquired TechA- 6HHNV,QWHULP([HFXWLYH'LUHFWRU with the overall aptitude and ‘gets it’ merica last year. factor of new employees.” “We have been working closely 7KH/RYHODQG'RZQWRZQ3DUWQHUVKLSLVD& Computer-systems design and IT with Congress and the administration FKDUJHGZLWKODXQFKLQJD'RZQWRZQ'HYHORSPHQW services made up nearly a third of to make IT training and certification $XWKRULW\LQ/RYHODQG&RORUDGR:LWKUHFHQWYRWHUDSSURYDORID''$DQGD all tech jobs in Colorado in 2014, a priority,” said Todd Thibodeaux, followed by engineering services, president and CEO of CompTIA. 7DERUHOHFWLRQVFKHGXOHGIRU1RYHPEHUWKH/'3LVLQYLWLQJDSSOLFDWLRQVIRU telecommunications, and R&D and “The average IT worker’s salary is DQ,QWHULP([HFXWLYH'LUHFWRUWRDVVXPHOHDGHUVKLSUHVSRQVLELOLWLHV testing labs. double that of the private sector and EHJLQQLQJLQ0D\DQGH[WHQGLQJLQWRHDUO\ Although the software-publishing we must continue to expand access 6XFFHVVIXOFDQGLGDWHVZLOOKDYHH[SHULHQFHLQSODQQLQJHFRQRPLF industry claimed the fifth-biggest to these jobs, many of which do not GHYHORSPHQWEXVLQHVVDQGRUZRUNLQJZLWKSXEOLFERDUGV&RPSHQVDWLRQ share of tech jobs in the state, it was require a four-year degree.” IRUWKLVSDUWWLPHSRVLWLRQZLOOEHHTXLYDOHQWWRDQDQQXDOL]HGVDODU\RI the only one in the top five to have lost positions over the previous year Dallas Heltzell can be reached at 7RUHFHLYHDMREDQQRXQFHPHQWDQGWKH/'3VWUDWHJLFSODQ in Colorado. That sector had 11,500 970-232-3149, 303-630-1962 or dhel- FRQWDFWNLP#ORYHODQGRUJRU   jobs in 2014, according to the report, [email protected]. Follow him on down from 11,900 in 2013. Twitter at @DallasHeltzell.

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1401 S. TafT avenue • SuiTe 102 LoveLand • CoLorado • 80537 • 970.577.0204 @boulderopolis www.mtnwestLegaL.Com offiCes in LoveLand & estes Park /boulderopolis BizWestBIZWEST | www.bizwest.com WWW.BIZWEST.COM March 20 - April 2, 2015 | 11A DISCOVERIES 12 | Bioscience companies FOCUS: UNIVERSITIES, LABS & THE ECONOMY Eclipse to test Germany’s green grid

BY THE ASSOCIATED PRESS sunny day – such as March 20, 2014 – when the drop and subse- BERLIN — Will a partial solar quent rebound would be strongest. eclipse turn off the lights in Ger- Grid operators have likened the many? effect to 12 large power plants Experts say the country’s elec- being switched off and 19 being tricity grid, which relies increas- switched on in a short space of ingly on renewable energy, was to time. face a crucial test on the morning If the weather is overcast, the of Friday, March 20, when the impact should be negligible, the moon passes in front of the sun and Fraunhofer institute found. blocks up to 82 percent of its light Solar power from some 1.4 across Germany. million installations contributed This partial eclipse will cause almost 6 percent to Germany’s a sudden drop and then a surge energy mix last year, but is set to in solar-generated power that will rise steadily as Europe’s biggest have to be balanced out to avoid economy strives to meet 80 percent instability in the grid, Germa- of its energy needs from renewable ny’s Fraunhofer Institute for Solar sources by 2050. Germany cur- Energy Systems said. rently gets almost 26 percent of Scientists at the Freiburg-based its electricity from renewables, institute ran simulations showing including solar, wind, biomass and that conventional power plants hydroelectric plants. WIKICOMMONS and hydroelectricity pump-storage The upcoming eclipse will help At 247 acres, the Krughütte Solar Park in Eisleben, Germany, is among the largest facilities should be able to cushion grid operators plan for the next in the country. The partial solar eclipse on March 20 will cause a sudden drop and the impact of the eclipse. comparable event in 2026, when then a surge in solar-generated power that will have to be balanced out to avoid They found that the strain on Germany expects to have shut- instability in the power grid that is increasingly reliant on renewable energy. the grid would be greatest on a tered its nuclear power stations.

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Bob and Cathy Toomy, Owners Member FDIC Evergreen Landscape and Sprinkler Company 12A | March 20 - April 2, 2015 BizWest | www.bizwest.com BIZWEST LIST Bioscience Companies Ranked by number of employees

Number of local employees Person in charge Number of employees Phone Title RANK Company worldwide Products/Services Website Year founded Covidien* 1,800 Health-care products. 303-305-2200 Bryan Hanson 1635 Gunbarrel Ave. N/A www.medtronic.com president 1 Boulder, CO 80301 1967 Hach Co.** 980 Water-analysis systems and hydro lab instruments. 970-669-3050 Lance Reisman 5600 Lindbergh Drive 3,000 www.hach.com president 2 Loveland, CO 80539 1947 Sandoz Inc. 542 Generic pharmaceutical industry. Develops, produces and markets a wide range 303-466-2400 Peter Goldschmidt 2555 W. Midway Blvd. 25,000 of affordable, high-quality medicines. www.us.sandoz.com president 3 Broomfield, CO 80020 1975 Tolmar Inc. 474 Fully integrated pharmaceutical company. Product development, clinical trial 970-212-4500 Michael R Duncan 701 Centre Ave. 600 expertise and manufacturing. www.tolmar.com CEO 4 Fort Collins, CO 80526 2006 Medtronic Surgical Technologies 300 Biomedical engineering in the research, design, manufacture and sale of 720-890-3200 Omar Ishrak 826 Coal Creek Circle N/A instruments or appliances that alleviate pain, restore health and extend life. www.medtronic.com CEO 5 Louisville, CO 80027-9750 1949 Corden Pharma Colorado Inc. 200 Develops and produces pharmaceutical intermediates and active ingredients. 303-442-1926 Brian McCudden 2075 N. 55th St. 4,000 www.cordenpharma.com CEO 6 Boulder, CO 80301-2880 1946 Array BioPharma Inc. 200 Discovers, develops and commercializes targeted small molecule drugs to treat 303-381-6600 Ron Squarer 3200 Walnut St. 200 patients afflicted with cancer. www.arraybiopharma.com CEO 7 Boulder, CO 80301 1998 Hospira Boulder Inc. 183 Pharmaceuticals, consumer products, pathology, diagnostic imaging and 303-245-6200 Mike Ball 4876 Sterling Drive N/A pharmacy. www.hospira.com CEO 8 Boulder, CO 80301 1995 SomaLogic Inc. 129 Develops clinical diagnostics and research tools for the field of proteomics, the 303-625-9000 Byron Hewett 2945 Wilderness Place 135 study of structure and interaction of proteins. www.somalogic.com CEO 9 Boulder, CO 80301 2000 In-Situ Inc.** 120 Manufacturer of environmental monitoring and sampling systems used to assess 970-498-1500 John Pawlikowski 221 E. Lincoln Ave. 120 the quantity and quality of groundwater and surface water. www.in-situ.com CEO/president 10 Fort Collins, CO 80524 1976 Heska Corp. 110 Advanced veterinary diagnostic and other specialty veterinary products; diagnostic 970-493-7272 Kevin Wilson 3760 Rocky Mountain Ave. 280 blood analyzers, point-of-care diagnostic tests, vaccines and other www.heska.com CEO 11 Loveland, CO 80538 pharmaceuticals. 1988 Biodesix Inc. 90 Advanced-stage cancer molecular diagnostic testing. 303-417-0500 David Brunel 2970 Wilderness Place, Suite 100 125 www.biodesix.com CEO 12 Boulder, CO 80301 2006 Advanced Thin Films LLC 80 Precision optical components and ion beam sputtered coatings for applications in 303-815-1545 Robert Beeson 5733 Central Ave. 80 scientific research, defense, aerospace, telecommunications, laser and www.atf-ppc.com general manager 13 Boulder, CO 80301 semiconductor manufacturing. 1992 Corgenix Medical Corp. 52 Develops and promotes of specialized diagnostic test kits for vascular diseases 303-457-4345 Douglass T. Simpson 11575 Main St., Suite 400 52 and immunological disorders. www.corgenix.com CEO/president 14 Broomfield, CO 80020 1990 Clovis Oncology Inc. 50 Acquires, develops and commercializes innovative anti-cancer agents. 303-625-5000 Patrick J. Mahaffy 2525 28th St., Suite 100 130 www.clovisoncology.com CEO/president 15 Boulder, CO 80301 2009 Cargill Research* 40 Testing laboratory commercial physical research. Research and development in 970-482-8818 Judy Schnurr 2540 E. County Road 42 143,000 biotechnology. www.cargill.com site director 16 Fort Collins, CO 80525 1865 OPX Biotechnologies Inc. 38 Bioproducts company using proprietary bioengineering technology to economically 303-243-5190 Michael J. Rosenberg 2425 55th St., Suite 100 38 convert renewable biomass feedstocks into fuels and green chemistry products. www.opxbio.com president/CEO 17 Boulder, CO 80301 2007 Syngenta Seeds Inc.*** 31 Global agribusiness that markets seeds and agrochemicals. Iinvolved in 303-776-1802 Michael Mack 1020 Sugarmill Road 28,000 biotechnology and genomic research. www.syngenta-us.com CEO 18 Longmont, CO 80501 1985 Microbac Laboratories Inc., Hauser 30 Independent laboratory for chemical, physical and microbiological testing of 720-406-4800 J. Trevor Boyce Division 500 materials and biomass. www.hauserlabs.com chairman/president/CEO 19 4750 Nautilus Court South, Unit A 1961 Boulder, CO 80301 Takeda Vaccines 25 Develops innovative vaccines to address critical unmet needs in global public 970-672-4918 Patrick Green 1613 Prospect Parkway, Suite 100 30,000 health. www.takeda.us/ site head 20 Fort Collins, CO 80525 2005 InDevR Inc 25 Instrumentation and assays. 303-402-9100 Kathy Rowlen PhD 2100 Central Ave., Suite 106 25 www.indevr.com CEO/co-founder 21 Boulder, CO 80301 2003 Nivalis Therapeutics 23 N30 is developing disease modifying therapies, focusing on cystic fibrosis. 720-945-7700 Jon Congleton 3122 Sterling Circle, Suite 200 N/A www.n30pharma.com president/CEO 22 Boulder, CO 80301 N/A GlobeImmune Inc. 22 Biopharmaceutical company that develops and manufactures immunotherapy 303-625-2700 Timothy C. Rodell M.D. 1450 Infinite Drive 22 products to treat cancer and infectious diseases. www.globeimmune.com CEO/president 23 Louisville, CO 80027 1996 Zoetis 19 Engages in the development, registration, manufacturing, and marketing of 303-678-7112 Dominique Sexton 1301 Iowa Ave. N/A pharmaceutical products and technologies for food producing animals. www.zoetis.com site manager 24 Longmont, CO 80501 2013 Propel Labs 17 Bio-instrumentation tools, flow cytometry equipment. 970-295-4570 Tidhar Sadeh 345 E. Mountain Ave. 24 www.propel-labs.com CEO/president 25 Fort Collins, CO 80524 2006 Region surveyed includes Boulder, Broomfield, Larimer and Weld counties and the city of Brighton. * Covidien acquired by Medtronic in January, 2015 Researched by Kiley Gant ** Did not respond to survey. Employee numbers are 2014 data. *** Number of employees includes 15 part-time employees at full time equivalent. BizWest | www.bizwest.com March 20 - April 2, 2015 | 13A

AN ADVERTISING FEATURE OF BIZWEST ThoughtLeaders BUSINESS ANSWERS TO PRESSING B2B MATTERS

HEALTH CARE ACCOUNTING REAL ESTATE

Lifestyle Centre: Do You Have a Foreign Bank The Future of Real Estate The Best Kept Secret in Town Reporting Requirement? What does real estate look like in Northern Colorado in the future? With the incredible growth in our area, where Opening December 2006, The Lifestyle Centre is still FinCEN Form 114, commonly known as The Foreign are all these people going to live? How many more houses the best kept secret in Fort Collins. Bank Account Report (FBAR) must do we need? Good questions! Let’s A full-service health club including; be filed by individuals who are take a look at the numbers. cardio exercise equipment, U.S. citizens with financial interests Today, there are 320,000 people high quality weight machines, in, signature, or other authority living in Larimer County. Data from personal training, Boot Camp, Tai over a foreign bank, securities, or the Colorado Department of Local Chi Chih, Rossiter, no-cost fitness other financial accounts whose Affairs shows that the estimated assessments, and over 25 group aggregate amount in the account population in 2030 will be 420,000. fitness classes per week from Dana L. Rogers exceeds $10,000 in U.S. currency at Dessi Chausheva 100,000 people added in 15 years is Eric Thompson Pilates and Yoga to Express Circuit Lifestyle Center any time during the year. The FBAR Tax Senior 6,600 per year. Wow! President and more. Manager must be filed electronically by June Windermere Services What’s really interesting is that Colorado The Lifestyle Centre is best 30th of the following year and about 75% of the population growth known for its’ Senior Programs there are no extensions or paper is projected to come from people including; Senior Balance and Mobility, Senior Strength, filings allowed. In addition, some taxpayers will need to moving here as opposed to natural population growth and Senior Yoga. We have recently partnered with file Form 8938 – Statement of Specified Foreign Financial (babies being born). Double wow! Healthways Silver Sneakers Fitness. Assets with their annual income tax return. So what about housing? A good rule of thumb that has We are best known for our non-intimidating The IRS can impose harsh financial penalties for held true over time is 2.5 people per household. Today the atmosphere, friendly helpful staff, and the best members noncompliance even if the taxpayer was unaware of the exact number is 2.45. By the year 2030 we need 40,000 new in town! We have great membership rates and punch filing requirement. Furthermore there are strict criminal housing units for all those people which means we need to card options. penalties and jail time if the noncompliance is willful. add 2,666 per year. That means a combination of homes, You will experience more than just a work out at the There are a few exceptions from this filing requirement condominiums, apartments, etc. Lifestyle Centre. Time will fly by as you listen to Golden and the IRS offers a Voluntary Disclosure Program. The fundamentals are clearly in place creating long-term Oldies or musical hits from the 70s. Join us for a workout demand for real estate in our market. today! Your first visit is FREE! We cover this and several other topics in our newly- released report called “The Scoop.” It’s everything you need to know about the Northern Colorado market. Contact us Dana L. Rogers to receive a copy by mail or email. Lifestyle Centre Manager Dessi Chausheva Eric Thompson, President 802 West Drake Road, Suite 133 Tax Senior Windermere Services Colorado Fort Collins, CO 80526 [email protected] 970-232-4364 970-494-6446 970-352-1700 www.windermere.com

Do You Know “The Scoop?” Get The Scoop on the Northern Colorado Real Estate Market Free 10-page report reveals 6488 Engh Place • The 10 facts about our $985,000 market that may shock Exquisite home in the Harmony Club you UNDER CONTRACT 4 bedroom plus office and workout studio 5 bath • What all the apartment Cul de scac location construction means for Ranch with fully finished basement investors 5256 square feet Viking Appliances • What will happen View of the 9th hole to your real estate portfolio in 2015 • A list of Northern 6015 Snowy Creek Drive Colorado’s “Hot $820,000 Magnificent Home in the Sanctuary at Neighborhoods” To get your hands on this valuable tool, call 970-460-3033 or email UNDER CONTRACT Fossil Lake Ranch • Why today’s move up [email protected] with the 4 Bedroom 3 Bath buyer has the chance subject line “The Scoop” 4940 square feet of a lifetime Large Lot (2/3 Acre) Beautifil gourmet kitchen Walk out basement

For Details On Our Premier Properties Marketing Program Contact Paul Hunter 970-673-7285 www.windermere.com | 970-232-4364 14A | March 20 - April 2, 2015 BizWest | www.bizwest.com

TAPHOUSE from 1A anywhere in Colorado – and as soon as owns, Vulcan Fabrication in Johnstown, Brix gets its federal license, Milburn builds piping, tanks, chillers, boilers said, its own creations will be part of and many of the other accoutrements the lineup. craft breweries need, While working “We’ve finished our last set of paper- on a remodeling job at Crabtree Brew- work,” he said. ing Co., Milburn met Hiatt, who was Even so, Brix already has collaborat- a foreman for his father’s company, ed with other breweries twice, Milburn Platteville-based Eckstine Electric. The said. The first was “Boots N Socks,” a pair decided to start their own brewery, holiday Baltic porter with special malt, and the idea for Brix was born. cinnamon and Chinese star anise, that Milburn’s wife, Tracy, came up with was a collaboration with Echo and sold the name Brix, which is the scientific out quickly. The second, “Brixworks,” measurement of sugar in a solution. a partnership with Nick Callaway at “Our main goal,” Hiatt said, “is to Loveland Aleworks, is a black ale that introduce new beers to people – beers was made in a 10-barrel batch using 35 nobody else has ever seen.” Milburn pounds of New Zealand hops. Some of added that another goal is to get people that one is still around, Milburn said. to come to Greeley. “We’ll be doing one of our guest- “We believe downtown Greeley is brewer collaborations every month,” JOEL BLOCKER/FOR BIZWEST definitely on the rise,” Milburn said, Milburn said, “and then on some Friday Troy Milburn, left, and Justin Hiatt, co-owners of Brix Taphouse & Brewery in Gree- “and it’s just amazing how we’ve been nights we’ll have ‘tap takeovers,’ where ley, stand in front of 60 taps that feature Colorado beers. treated by all the other businesses on one brewer comes in and puts seven Ninth and Eighth streets.” of their leading beers on tap at once. For Brix, that spirit of collabora- Colorado sodas, and a limited bar menu With nearly 300 craft breweries There’ll be free T-shirts, and if you buy tion goes beyond beer, Milburn said. with paninis, soft pretzels, flatbread already calling Colorado home and one of their beers you might get one of “We have the same challenge everyone pizza and bacon-wrapped dates.” new ones announcing their plans every their pint glasses to keep.” The first tap downtown has on Sundays and Mon- That dance studio, the Conservatory month, Milburn and Hiatt shouldn’t takeover was March 13, when Odell days, so we’ve come up with things to of Dance, is owned by Hiatt’s wife, have much trouble keeping their 60 Brewing Co. of Fort Collins paid a call. help each other out” – such as partner- Katie – and her mother owns the late taps flowing. Won’t all those breweries eventually ing with The Nerd Store, two doors 19th-century building in which Hiatt “We weren’t in this craft-beer boom leave the state’s craft-beer market – pun down, to have a Monday game night in and Milburn spent nearly $300,000 from the beginning,” Hiatt said, “but only partially intended – oversaturated? the taproom. to outfit Brix’s 1,200-square-foot tap- we’re along for the ride now.” Hiatt doesn’t think so. “We’re very family oriented, espe- room, 800 square feet of production “All the craft breweries work togeth- cially since we share our building with and storage, and a basement full of Dallas Heltzell can be reached at er so well,” he said. “Over the years, that a dance studio,” Milburn said, “so we walk-in coolers. 970-232-3149, 303-630-1962 or dhel- kind of generosity toward each other have a lot of moms and dads come in. Milburn should know about build- [email protected]. Follow him on has helped new ones get started.” We don’t just have beer; we have some ing breweries. The other business he Twitter at @DallasHeltzell.

Realities For Children’s Business Members Make it their business to make a difference

Realities For Children Charities is a 501c3 non- profit organization dedicated to providing for children in Larimer County who have been abused, neglected or are at-risk. In order to maintain 100% distribution of donations; we have over 180 local businesses underwrite our administrative expenses. Whenever you shop, dine or hire one of these businesses, you are becoming part of the solution to child abuse in our community.

We Welcome These New Business Members!

Your membership fee is a tax deductible Realities For Children provides for business marketing expense. We the unmet needs of children who will provide you with comprehensive have been abused, neglected or are marketing benefits AND you will be at-risk by uniting local businesses, giving back to the most vulnerable youth agencies and the community members of our community. in collaborative and mutually beneficial service.

For more information on becoming a Business Member or for a listing of all Business Members, please call 970.484.9090 or visit www.RealitiesForChildren.com. BizWest | www.bizwest.com March 20 - April 2, 2015 | 15A

HEALTH from 3A interest policy and disclosures, as states,” he said. “Because of the well as charters for its planning, timing, we’re uniquely positioned research and communications com- to become a national leader in this mittees and operational principles. area.” THANK YOU “We have spent the last couple The Colorado Consumer Health months just getting organized,” Initiative would like to see the com- Lindsay said. “If you’re going to mission focus on reducing the level TO OUR 2014-2015 operate an effective organization, of uninsured people and lowering we’ve got to do that. All of that is health-insurance costs. CORNERSTONE PARTNERS! now in place.” “The No. 1 (concern) for people Our Cornerstone Partners help underwrite United Way’s operating costs so that your The commission also has is the cost of health insurance, and gift can have the most impact in our community. Our sincere thanks touched on how it will address the cost of care even if they do go out to these organizations for their continued support. costs that critics say are unsustain- have health insurance and the cost- able for consumers. The commis- sharing that they may be required sion has decided to look at the issue to pay,” said Adam Fox, director from the beginning of patient life of strategic engagement for the through death, while reviewing health-care advocacy group. research about what factors influ- Richard Passoth, a retired mar- ence costs, including everything riage and family therapist who has from hospitals and freestanding an interest in health-care policy emergency clinics to quality and and has attended the meetings, access to care. Commission mem- hopes the commission will focus bers also will look at ways the state on transformative health care Legislature could take action on its rather than piecemeal changes to recommendations. the existing system as costs surge The commission plans to look despite health-care reform. at costs mostly on the state level, “Our population is aging,” he but also will review ways the state said. “If we don’t have a system could work with the federal gov- with cost containment with a more ernment to make changes, Lindsay modernized delivery system that said. Changes at the federal level is more functional … we’re going almost certainly will take longer, under.” however. But, “If we come up with some Steve Lynn can be reached at 970- innovative ideas that could be rep- 232-3147, 303-630-1968 or slynn@ licated in other states, Colorado bizwestmedia.com. Follow him on Twit- could become a model for other ter at @SteveLynnBW. www.UnitedWayofLarimerCounty.org

A Celebration of EthicalEnterprising SM Torch EMBASSY SUITES Awards LOVELAND forEthics 11:30 am - 1:30 pm TUE 21 2015 APR Please join us for the 17th annual BBB Torch Awards for Ethics honoring exemplary businesses in Northern Colorado and Wyoming Featuring Michael Clayton, Keynote Speaker “TRUST - The Big Diƒerence Maker”

To purchase tickets and for more information please visit bit.ly/torch2015 or call 970-488-2045

Platinum Sponsor Gold Sponsor

Silver Sponsors Capitol Roofing Inc. Gallegos Sanitation Inc. Dairy Specialists Home State Bank Dohn Construction Inc. Otis, Bedingfield & Peters LLC Flood and Peterson Professional Finance Company Inc. In-kind Sponsors University Partners Media Sponsors Advanced Media Colorado State University College of Business BizWest Embassy Suites University of Northern Colorado Monfort College of Business Wyoming Business Report Palmer Flowers University of Wyoming College of Business

BBB Institute for Marketplace Trust Leadership Sponsors BBB Center for Character Ethics Sponsor 16A | March 20 - April 2, 2015 BizWest | www.bizwest.com

THE EDGE BIZWEST WWW.BIZWEST.COM Enough already! Fix those email lists aise your hands, anybody: “merge/purge” and it’s a smart way Have you received the same to detect duplication and keep the Remail from the same organiza- best records on file. You can set the tion more than four times in a mat- criteria that will ensure you retain ter of minutes? the most relevant information for This points to a lack of precision the final single record. By the way, at the organization that’s send- many services will also correct com- ing out these multiple emails. The mon misspellings and add missing perception at best is that they are characters to the domain name and shorthanded, and can’t keep on top extensions of your recipient’s email of their very important database address! of customers. At worst, a recipient Besides the data hygiene that might be grum- results from de-duping and cor- bling, “Why do recting your list, you might want they persist in to have an outside service update annoying the your existing email lists. They can heck out of take your old customer and prospect me?” files and bring them up to date by If you don’t replacing, wherever possible, the spend time to email addresses of recipients who clean your email have changed. How do they do this? lists, it just looks MARKETING Large mailing houses store the data- bad. I can think bases of many companies and can Laurie Macomber of one big enter- cross-index the files to provide each tainment facility recipient’s new contact information. in the region that bombards me with Then there’s email appending. repetitive sendouts. It’s aggravating It’s not without controversy. Say you to me and bad for their brand. have contacts in your database that Did you know that Internet Ser- don’t have email addresses. These ronment, espe- scribe’ button everywhere you have vice Providers can blacklist email large mailing houses and list man- cially. Some a digital presence. You can have a senders who “over-send” or who don’t agement firms will run your direct appenders (if page on your Facebook business page follow established email rules? They (hard copy) mailing lists through that’s a word) that encourages subscriptions to your literally stop emails before they ever their systems and add an email vow to run the e-newsletter – even showing the lat- reach their intended target. address to a contact where they have discovered email est edition right there. Make it tanta- To you, it’s all about deliverabil- that information already stored in address through a lizing. If you are running a webinar ity, so how do you make sure your their massive systems. Having an number of filters, or event, make part of the signup email gets there once, and once email address for a contact is worth such as “unsubscribes” and “do not process an option to subscribe to your only? its weight in gold; it can make your email” so you are not pinging the regular emailings. Show those email- The answer is to put effort into old records come to life again. But inbox of hostile recipients. Still, pro- ings and make it clear to viewers of de-duping your lists. Make it a pri- what’s the controversy? ceed with caution. your promotions that these are worth ority. If your database is made up Privacy-centric recipients might How do you grow your own email receiving. of a number of different groups of see adding email addresses to your list over time? First make whatever email addresses, use a tool or service current contact list as spam. Do you are publishing worth reading. Laurie Macomber, owner of Fort that will merge them together and this appending with caution if you Target your emailers to a prospect’s Collins-based Blue Skies Marketing, then purge the dupes. This is called are in a business-to-consumer envi- true self-interest. Also, put a ‘sub- can be reached at 970-689-3000.

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#SPPNGJFME BizWest | www.bizwest.com March 20 - April 2, 2015 | 17A TIME OUT

CHAD COLLINS / BIZWEST BizWest’s 40 Under Forty Boulder Valley honorees celebrate March 4 at the University Center for Atmospheric Research in Boulder. The event recognized 40 of the area’s top young professionals under age 40, the best and brightest of emerging leaders in 2015 that make a difference in their companies, industries and communities. 2015 Buy your APRIL 9, 2015 tickets now! 7:00 - 9:30 AM RESERVE YOUR PLACE AT NORTHERN COLORADO’S PREMIER CELEBRATION BREAKFAST EVENT COURTESY SUPERIOR CHAMBER OF COMMERCE FOR WOMEN OF DISTINCTION Massage Envy holds a late February ribbon cutting at 602 Center Drive in Superior, FORT COLLINS in the Superior Marketplace. TICKET PRICING MARRIOTT Early Bird: $39 through April 1 $49 starting April 2 - April 8 350 E. HORSETOOTH $59 at the door FORT COLLINS, CO

In 2015, Northern Colorado Women of Distinction — women committed to our community and who exemplify the best of success — will be honored at a breakfast event on Thursday, April 9, 2015 at the Fort Collins Marriott. COURTESY GREELEY CHAMBER OF COMMERCE COURTESY GREELEY CHAMBER OF COMMERCE Mike Guinn of event host Noble Bob O’Connor of the Weld Food Energy, left, welcomes John Coleman Bank speaks to the crowd at a Ten women and an outstanding mentor of Longs Peak Council, Boy Scouts of Feb. 26 Business After Hours will be honored for their achievements in America, at a Feb. 26 Business After event about the relationship the business, philanthropic and government Hours event. Food Bank has with event host organizations. Profiles of the 2015 Noble Energy. Women of Distinction will be published in the April 17th issue of BizWest, the business journal for the Boulder Valley and Northern Colorado.

Reserve Today. Go to: https://www.regonline.com/2015womenofdistinction

COURTESY GREELEY CHAMBER OF COMMERCE COURTESY BERTHOUD CHAMBER OF COMMERCE Chris Leffler of Bank of Colorado, Gina Patterson of Face to Face Body left, meets Chris Allard-Doble of and Face Painting cuts the ribbon for her C3 Real Estate Solutions at a Feb. Longmont-based business on Feb. 10. 26 Business After Hours event hosted by Noble Energy.

Email your event photos to: Dallas Heltzell, [email protected]. Include complete identification of individuals. 18A | March 20 - April 2, 2015 BizWest | www.bizwest.com ON THE JOB ADVERTISING, COMMUNICATIONS Dakota’s oldest his- Larimer Parkway in Johnstown. He has nearly from The Resuma- Lori Senecal was named global chief execu- tory museum for 19 20 years of banking experience and previously tor, which makes tive at advertising years, transforming was community banking team leader for U.S. recruiting software agency Crispin Por- the organization into Bank in Central California and Northern Ne- that helps compa- ter & Bogusky LLC a major cultural insti- vada. nies streamline the in Boulder. In the tution now known as hiring process. As newly created posi- Deadwood History, ECONOMIC DEVELOPMENT chief revenue officer tion, she will lead the Inc. Cynthia Eichler was named executive director there, she led sales, company’s executive and chief executive of Visit Fort Collins, the marketing and busi- team. She will remain BANKING city’s tourism marketing organization. She ness development. in New York, where Flint Mulder became Kopco replaces Jim Clark, who resigned in August. She previously was Phelon she’s been serving regional president for Eichler previously worked for the Everitt Cos., founder and CEO as CEO of the MDC U.S. Bank in North- Alberta Development and most recently Gen- of The Phelon Group, a technology-enabled Senecal Partners network, a ern Colorado, Wyo- eral Growth Properties. She also has been a services company that was acquired in 2009, position she’ll retain. ming and Western volunteer with numerous community organi- and CEO of UpMo, a talent management SaaS MDC is the holding company that owns CP+B Nebraska on March zations including Shop Fort Collins, the Fort firm. and several other agencies. 16, succeeding Collins Chamber of Commerce and Poudre Steve Lovas, who School District. MANUFACTURING ARTS recently retired after Josh M. Ley was promoted to vice president for Mary A. Kopco was named new executive direc- a 36-year banking Tom Haren, chief executive of Greeley-based engineering at Longmont-based UQM Tech- tor of the Fort Collins Symphony. She previ- career. Mulder’s of- Agprofessionals LLC, is the new chairman of nologies Inc. (NYSE MKT: UQM). Ley has more ously was director of the Black Hills of South fice will be at 4949 Mulder Upstate Colorado Economic Development, than 20 years of engineering experience spe- replacing Scott Erhlich, who stepped down to cifically related to electric motor design, UQM’s lead an effort to create the Northern Colorado specialty. Economic Alliance, a privately funded eco- nomic development group that would serve NONPROFIT Weld and Larimer counties. Upstate Colorado, Joseph Adams Jr., PERSONAL SERVICE FROM which serves Weld County and is funded by presidenet of the the public and private sectors, is in negotia- energy and industry tions with a candidate to replace the group’s operation at Broom- BANKERS YOU CAN TRUST chief executive, Eric Berglund, who took a field-based MWH similar job in Fort Myers, Fla. Global, accepted a three-year term on Great Western Bank oers more than just banking; we EDUCATION the board of direc- Great Western Bank offers more than just banking; Scott Brownlee was hired as an adjunct instruc- tors of nonprofit En- Adams oer long-lasting relationships built on growth and tor for the Medical gineers Without Bor- we offer long-lasting relationships built on growth Assisting program ders USA. nancialand financial trust. Our trust. knowledgeable Our knowledgeable team of bankersteam of at IBMC College in have the expertise to help your business thrive. Contact Longmont. Brown- bankers have the expertise to help your business lee graduated from ourthrive. Business Contact Bankers our inBusiness Greeley Bankers today to inlearn Boulder/ more the University of De- troit’s McAuly School aboutLongmont personalized areas today nancial to learnsolutions more that about are crucial to of Nursing and has growingpersonalized your businessfinancial. solutions that are crucial to more than 10 years of professional expe- growing your business. rience, most recently at LifeCare Center of Brownlee Longmont, where he Carner Bruss has been a registered nurse for the past four years. REAL ESTATE Beth Walker will start July 1 as dean of Colorado David Carner was named to lead the LIV So- State University’s theby’s International Realty office in Boulder as College of Busi- vice president and managing broker, and Chip ness. The first female Bruss joined the office as a broker. A fourth- dean in the business generation real estate broker, Carner previously school’s 50-year his- worked with Coldwell Banker Bodin Realty and tory, Walker chairs Bryan Guest Bob Hinderaker Fowler Better Homes and Gardens. Bruss pre- the marketing de- viously was relocation director at Real Living Greeley Market President Business Banker partment at Arizona CO Real Estate. Gary Geis970.616.2384 Janet Haas 970.371.0863Toby Leonard State University’s Market President, Market President, Business Banker, W.P. Carey School Boulder Longmont Boulder of Business. At Walker CSU, she will replace Ajay Menon, who is returning to the classroom at the business school after a dozen years serving as dean.

HEALTH CARE Former Boulder city manager Frank Bruno will take the reins from retiring Ron Secrist as pres- ident of the Boulder Community Health Foun- Ewing Floryance dation at the end of March. Bruno, currently chief executive of Western Disposal Services Danielle Ewing and Josh “Flo” Floryance joined Jamie Bernu Lynda Burchett Inc. in Boulder, has a long track record lead- The Group, Inc. Real Estate’s Centerra office in Business Banker Business Banking Associate ing both private and public institutions. Prior Loveland as broker associate/partners. Ewing, a to joining Western Disposal, Bruno was vice 970.590.6868Kent Nuzem Michael Rapuano graduate of the University of Northern Colorado Business Banker, Business Banker, chancellor for administration at the University in Greeley, has worked in the family business, JJ Boulder Longmont of Colorado Boulder. He has been a chairman Fencing and Deck, for seven years. Floryance, a Coming Soon! and served on the boards of Via Mobility, Unit- graduate of the University of New Mexico, has ed Way and Impact on Education. He was a extensive experience in sales and marketing. Greeley: 2015 Clubhouse Drive, Ste 100 founding member of the Innovation Center of For more information, visit www.GreatWesternBank.com the Rockies. Rico Devlin joined Loveland Commercial LLC as a licensed broker associate. He has 15 years HIGH TECH of experience in the food-service industry and Promise Phelon was named chief executive knowledge of cash flow modeling and analysis. at Boulder-based marketing software firm TapInfluence Inc., replacing co-founder Rus- Deadline to submit items for On the Job is three weeks prior to tin Banks, who will remain on TapInfluence’s publication of each biweekly issue. Mail to Editor, BizWest Media board of directors and move into the role of ©2014, Great Western Bank LLC, 1790 30th St., Suite 300,Boulder, CO 80301; or email to ©2014, Great Western Bank chief product officer. Phelon joins TapInfluence [email protected] with On the Job as the subject. BizWest | www.bizwest.com March 20 - April 2, 2015 | 19A BRIEFCASE CONTRACTS Those interested in this summer’s trips can Deals by Boulder-based Array BioPharma Inc. learn more at chrome-thunder.com or 970- (Nasdaq: ARRY) to acquire worldwide rights 222-1241. to a pair of cancer drugs from Novartis could lead to $1 billion in annual revenue and sig- The Roost, headed by Dan and Alyssa Lance nificant new hiring. That anticipated revenue and Sean and Rebecca Gafner, held its boost is just for the three applications of the grand opening March 13-14 at 526 Main St. drugs that are currently in Phase 3 clinical in Longmont. In the site formerly occupied trials. Those trials look at treating low-grade by Joe’s of Longmont, the restaurant serves serous ovarian cancer, BRAF melanoma and “craft casual American fare.” Sean Gafner NRAS melanoma. The company believes and partner Chris Cordova were executive there are other types of cancers that could chef and sous chef, respectively, at View 202 also eventually be treated with the drugs. in Redding, Calif. The location has a rooftop bar and dining area, street-level patio and re- Longmont-based Parascript partnered with modeled indoor dining space. OneTouchPoint, which is integrating the Parascript software platform as part of its Wise Geek Marketing, created by industry ex- business process outsourcing services. perts Gordon Seirup and Vi Wickam, opened OneTouchPoint will leverage Parascript tech- PHOTO COURTESY KRFC in Loveland to provide online marketing ser- nologies to facilitate effective enterprise-wide vices. information management. KRFC-FM 88.9, a Fort Collins-based public radio station, won a Colorado Broadcast- ers Association award for best news/talk show host or team in a major market for its PRODUCT UPDATE KUDOS “Community at Work,” a weekly program that rotates Thursday night hosting duties Broomfield-based Horizon launched six new Several commercial and public radio stations among Richard Cox of the Health District of Northern Larimer County, left, Larimer snack and mac-and-cheese products: Super in Northern Colorado and the Boulder Valley County spokeswoman Deni LaRue and Fort Collins City Councilman Bob Overbeck. received awards March 4 from the Colorado Squeeze pouches, Organic Apple Clusters and Fruit Broadcasters Association. KSME-FM 96.1, an Crunchers, Organic Fruit Snacks, Organic Gluten- Free Mac and Microwaveable ClassicMac. iHeartMedia-owned station licensed to Gree- Organizers of the Colorado State Blue Ocean and Fort Collins, Staying Great! ley and playing top-40 music, was named Enterprises Challenge business pitch competi- Fort Collins-based OtterBox introduced Defender station of the year for 2014 in the “major tion announced the 28 startups that will com- MERGERS AND ACQUISITIONS and Commuter series cases for the new Sam- market” category and won six other awards. pete May 30 for the $250,000 grand prize. Arlington, Va.-based global power company sung Galaxy S6, and said Symmetry Series, Al- KUAD-FM 99.1 in Windsor, a country-music Thirteen startups were chosen to compete AES Corp. (NYSE: AES) acquired Boulder- pha Glass and Clearly Protected screen guards station owned by Townsquare Media, and in the Collegiate Track and 15 in the Enter- based solar firm Main Street Power Co. Inc. The would be coming soon. iHeartMedia classic-rock KPAW-FM in Fort prise Track from a field of more than 130 ap- deal reached last month will help AES Corp. Collins, branded as “107.9 The Bear,” won plicants hailing from five states. Competitors accelerate growth of distributed generation five CBA awards apiece, while Greeley-based in the college division will vie for $20,000 in solar capacity in key markets, according to Broomfield-basedWhiteWave Foods Co. (NYSE: news-talk station KFKA-AM 1310, owned by cash, business mentoring, and a spot in the AES Corp. Main Street Power owns and op- WWAV) introduced Yulu, an Australian-style Music Ventures LLC, and KBCO-FM 97.3, a Enterprise Track. The enterprise division will erates distributed photovoltaic solar systems. full-fat yogurt brand in blueberry, strawberry, station licensed to Boulder with an adult al- feature a bracket-style format in pursuit of raspberry, honey and vanilla bean. bum alternative music format and owned by the $250,000 grand prize that also includes a The acquisition of Broomfield-based diag- iHeartMedia, won one each. Public radio sta- 12-month business-mentoring program. Col- nostic test-maker Corgenix Medical Corp. by SERVICES tions KRFC-FM 88.9 in Fort Collins, KUNC-FM lege-division competitors will be Axios Impact Germany-based Orgentec Diagnostika was Seventeen Northern Colorado-based em- 91.5 in Greeley and KGNU-FM 88.5 in Boulder Investments, Change Composites, ChemWithRay, completed, a deal that takes the former pub- ployers committed to offering electric-vehi- also took home awards. GameCentrics LLC, QuadshoX, Viagozo and Wise licly traded company private. cle charging stations at the workplace: Brink- Art Foods LLC from Colorado State University man Partners, City of Fort Collins, Colorado Judy Amabile, co-owner of Polar Bottle/ in Fort Collins; BOOM Algae, Native, NuBru Cof- Pinstripe Capital LLC, headed by Peter Resn- State University, Brendle Group, Woodward Product Architects, will receive the Boulder fee, The Space Research Co. LLC and YOUglycemia ick of Boulder, acquired CleanWell, a brand Inc. (Nasdaq: WWD), New Belgium Brewing Co., Chamber’s Virginia Patterson Business Per- from the University of Colorado Boulder and of environmentally friendly cleaning products Hewlett-Packard Co. (NYSE: HPQ), Odell Brew- son of the Year award at the chamber’s 2015 Rocky Mountain Sriracha from Colorado Mesa based in San Francisco. The price was not ing Co., Platte River Power Authority, Fort Celebration of Leadership awards event, to University in Grand Junction. Enterprise-track disclosed. Collins Mitsubishi, Dellenbach Mo- be held from 4:30 to 8:30 p.m. April 2 at the competitors are Behavioral Response Technolo- tors, Davidson Gebhardt, Tynan’s, Co’s BMW future home of the Museum of Boulder, 2205 gies, Conspire and Kapta of Boulder; Membrane MOVES Center, Spirae, Colorado Clean Energy Broadway. Zayo Group will receive the Indus- Protective Technologies Inc. and OptiEnz Sensors The Longmont Times-Call will move its staff Cluster and Ken’s Muffler & Brake. CSU Park- try Leadership Award, while Regina Cowles, LLC of Fort Collins; Synkera Technologies Inc. of April 3 to 1860 Industrial Circle from its long- ing and Transportation Services already has in- Nancy Geyer, Deborah Malden, Bob Morehouse, Bill Longmont; Extrude to Fill of Loveland, Notion of time home at 350 Terry St. in downtown stalled 10 chargers and has plans to install Obermeier, Patrick O’Brien, Richard Polk and Bob Denver; Parkifiof Morrison; QBLabs of Parker; Longmont, which was sold to a private de- more across its campus. Additionally, High Yates will receive the Community Leadership Content BLVD of Los Angeles; Jebbit Inc. of Bos- veloper last year. The new 4,800-square-foot Plains Library District has had a charging sta- Award. Elvira Ramos, program director for the ton; Mozio of San Francisco; VerbalizeIt Inc. of space is in The Campus at Longmont, locat- tion at the Farr Regional Library in Greeley for Community Foundation of Boulder County, New York and Shelvspace Inc. of Scottsdale, ed behind The Best Western Plus Plaza Hotel almost two years. and Barbara Truan, president of Renaissance Ariz. at 1900 Ken Pratt Blvd. and next to the Village Management, will receive Chamber Champi- at the Peaks shopping mall currently under The city and county of Broomfield launched ons awards, and Ron Secrist, president of the Boulder-based ISONAS Inc., a pure-IP ac- construction. InvestBroomfield.com, an economic-develop- Boulder Community Health Foundation, will cess control system manufacturer, won the ment website March 12, featuring download- receive the Franny Reich Local Business Integration of the Year 2014 award from OPENINGS able maps and demographic information and Hero Award. Cost of the event is $65 for Milestone Systems at the recent Milestone The additions of a J. Crew Factory apparel store an interactive virtual tour as well as company chamber members and $105 for nonmem- Integration Platform Symposium 2015 in Las and a PizzaRev fast-casual restaurant will and property searches and success stories bers. Register online at boulderchamber. leave Boulder’s Twenty Ninth Street shopping Vegas. from local businesses. Broomfield is seeking com. center with just three vacancies. J. Crew Fac- a few local businesses to feature on the site Flood and Peterson in Greeley was named 2014 tory will open in early June in a 6,352-square- with a free marketing video. Interested busi- Richard Barrett, founder of Leasetec Corp. and Company of the Year by United Way of Weld foot space between Staples and Nordstrom nesses can apply at Broomfield.org/Busi- principal of the St. Julien Hotel and Spa; Tom County, and one of the company’s executive Rack, with PizzaRev following sometime dur- nessSpotlight. Brock, founder and chief executive of Brock vice presidents, Rick Jenkins, received the ing the summer in 1,778 square feet next to Media Co.; David Brown, David Cohen, Brad 2014 Live United award. Smashburger and Verizon Wireless. Feld and U.S. Rep. Jared Polis, founders of Tech- About $1.15 million in funding has been ap- proved by the Denver Regional Council of Stars; Percy and Carolyn Conarroe, former own- Pathways Hospice in Fort Collins for the second BC Services Inc., a bill-collection agency in ers of the Louisville Times, Lafayette News time was named a Leader in Dementia Care Longmont run by brothers John and Steven Governments to connect Fort Collins and and Erie Review; Linda Snyder Crockett, owner by the Alzheimer’s Association Colorado Boettcher, plans to consolidate operations Boulder by extending the FLEX regional bus of Snyder Jewelers; Wally Grant, of counsel for Chapter for its commitment to training staff to and add 50 jobs at a new office in Clover service that now connects Fort Collins, Love- the law firm of Lyons Gaddis Kahn Hall Jef- better care for those affected by Alzheimer’s Basin Business Park, according to the Long- land and Longmont beginning in January. fers Dworak & Grant PC; and Dale Katechis, disease. mont Area Economic Council. The company, FLEX is run by Transfort, the city of Fort Col- owner of Oskar Blues Brewery have been which has offices at 451 21st Ave. in Long- lins’ transit system. chosen for induction to the Boulder County Of nearly 85 entrants in the March 14 Lucky mont and in Colorado Springs, employs Business Hall of Fame. Percy Conarroe, who Joe’s St. Patrick’s Day Parade, the Fort about 130 people. ConfluenceSBC, a year-old co-working space died in June 2013, will be inducted posthu- Collins Downtown Business Association at 102 E. Cleveland St. in downtown Lafay- mously. The induction luncheon will be held awarded first place and best overall toTR Fort Collins-based Chrome Thunder LLC will ette, quadrupled its space from about 700 Wednesday, April 29, at the Plaza Conven- Paul Academy of Arts & Knowledge. Lucky Joe’s open a motorcycle touring operation this square feet to nearly 3,000 square feet. tion Center, 1850 Industrial Circle, Longmont. Sidewalk Saloon took second place and summer, combining riding experiences and Tickets are $55 per person and may be pur- SMART/Sheet Metal Air Rail & Transportation luxury accommodations into a turnkey pack- Stonewear, a Boulder-based women’s outdoor chased online at www.halloffamebiz.com or Union took third. Honorable mentions went age. Chrome Thunder equips its riders with activewear brand, overhauled its website at by calling event director Kimberly Willard at to Colorado Cheer Academy Wildcats; Rocky new Harley-Davidson motorcycles, although stoneweardesigns.com with help from Oblique 303-630-1967. Mountain Beard & Moustache Club + YendraBuilt, riders can elect to bring their own bikes. Design, a Boulder-based ad agency. 20A | March 20 - April 2, 2015 BizWest | www.bizwest.com NONPROFIT NETWORK

FUNDRAISERS ciation, which founded the school. According tal floss, boot laces, combination locks, ear received a $1.3 million grant from NASA to Fort Collins-based New Belgium Brewing’s Tour to a media release, Checkers employees will plugs, whistles, compasses, Altoids mints, develop the capability to produce detailed 48- de Fat will travel to 10 cities this year for its 16th teach English to the students, help build a wall beef jerky, decks of cards, trail mix, almonds hour forecasts of ground-level ozone and fine season. The events have raised close to $4 at the school and do other light construction and cereal bars. particulate matter. million for local nonprofits, including more than jobs, install solar lighting, paint and do me- $600,000 in 2014. The daylong festivities are chanical repairs. Donations for the trip, school GRANTS The Virginia W. Hill Foundation awarded Imagine!’s free, but all proceeds from beer and merchan- and its surrounding community can be made First Nations Development Institute in Longmont Dayspring program a $10,000 grant, The dise sales, along with parade donations, go to at gofundme.com/haitiforkids. received a $2.95 million grant from the W.K. Kel- program offers occupational, physical, and local nonprofits. The Fort Collins event will be logg Foundation to extend First Nations’ work speech/language therapies to babies and tod- Sept. 5 in Civic Center Park. First Choice Emergency Room, 875 W. 136th in Native American agriculture and food sys- dlers. Ave. in Broomfield, is holding a spring col- tems for the next three years, and a $40,000 GOOD DEEDS lection drive through April 4 to fill care pack- grant from the Oakland, Calif.-based Rose Louisville-based Community Food Share Inc. re- Ten employees from Broomfield-basedCheck - ages for active-duty military members and Foundation for Communities and the Environment ceived $5,000 from the private, Lake Forest, ers Industrial Safety Products in Broomfield will their families, veterans, new recruits, first re- to fund a project aimed at improving the fi- Ill,-based Grainger Foundation, based on a rec- travel to Haiti in April to assist Institution Univ- sponders, wounded warriors and their care- nancial capability of Native American families. ommendation from Shaw Schulder, market ers, a primary and secondary school with givers. Most-needed items include instant manager at the Boulder location of W.W. Grainger 2,300 students in Ouanaminthe, Haiti, and the hand and foot warmers, wool socks, batter- The Boulder-based National Center for Atmo- Inc., a supplier of maintenance, repair, and op- nonprofit Coalition of Children in Need Asso- ies, carabiners, razors, lip balm, pens, den- spheric Research and its research partners erating products.

FOR THE RECORD

Teri Ann Meyer, 1020 9th National Association T, Due: $160771. Case Borrower: Sandra K Atwood, Bankruptcies Foreclosures Judgments St, Greeley; Case #2015- Amount Due: $173520. #10334. 2/25/2015 1708 69th Ave, Greeley. Applications for bankruptcy Includes notices of election Judgments constitute de- 12015, Date Filed: 3/4/2015 Case #3429259. 2/25/2015 Lender: Pacific Union Fin Borrower: Jennifer L Zidon, Llc, Amount Due: $215328. protection are filed with the and demand filed by credi- cisions by a court of law Robert Arno Benz, 10607 Borrower: Joseph W Stec, 1609 Layland Ct, Fort Col- Case #4086710. 3/3/2015 U.S. Bankruptcy Court in tors alleging default on a against an individual or Ashwood Street, Firestone; 4741 White Rock Cir Apt B, lins. Lender: Nationstar Case #2015-12035, Date Boulder. Lender: Deutsche Mortgage Llc, Amount Due: Borrower: Victor Mendoza, Denver. Chapter 7 denotes debt. Foreclosures are not corporation for payment of Filed: 3/5/2015 Bk Natl Trust Co, Amount $138490. Case #10946. 403 5th St, Kersey. Lender: filings made for liquidation. final until a Public Trustee’s monetary damages. Due: $149625. Case 2/27/2015 Ocwen Loan Servicing Llc, Chapter 11 indicates filings Deed has been issued. Lisa Chavezgranados, 200 #3429690. 2/27/2015 Amount Due: $144952. Warranty Deeds Buck Rake Blvd, Platteville; Borrower: Scott Scanavino, Case #4087100. 3/4/2015 for reorganization. Chapter Case #2015-12038, Date State Tax Liens Transfers property while Broomfield County 3450 Hewitt St, Loveland. 13 indicates filings that en- Filed: 3/5/2015 Lender: Lsf9 Master Partici- Borrower: Philip Drew Judgments filed against guaranteeing a clear title pation Trus, Amount Due: able petitioners to pay off Borrower: Raeanne L Smith, Prince, 3241 Vantage Dr, Luis A Fuentes, 484 25th Ave 3803 Broadlands Ln, $201326. Case #11198. Hudson. Lender: Pnc Bk, assets of individuals or free of any encumbrances Ct, Greeley; Case #2015- their creditors over three to Broomfield. Lender: Wells 2/28/2015 Amount Due: $60186. Case businesses with delinquent that are not listed on the 12041, Date Filed: 3/5/2015 five years. Fargo Bank National Asso, #4087101. 3/4/2015 taxes. deed. Amount Due: $468273. Borrower: Keith A & Ger- Keaton B Wicker, 724 Kenosha Case #1914. 2/24/2015 aldine J Reichert, 8818 Borrower: Kyle W Larson, This information is obtained from SKLD Information Services. Ct, Windsor; Case #2015- Longs Peak Cir, Windsor. 4800 Eagle Blvd, Frederick. 12042, Date Filed: 3/5/2015 Borrower: Timothy J & Sta- Lender: Bk New York Mel- Lender: Bokf, Amount Due: cey A Kline, 345 Hemlock lon, Amount Due: $369108. $256783. Case #4087102. Fernando Ocanas, 718 Rodg- St, Broomfield. Lender: Case #11899. 3/4/2015 3/4/2015 BANKRUPTCIES Kenneth Abner, 601 1/2 City Sherry Ann Bleich, 1200 East 11768, Date Filed: ers Cir, Platteville; Case #2015-12044, Date Filed: Hsbc Bank Usa, Amount Boulder County Park Ave, Fort Collins; Case Stuart Street #30, Fort Col- 2/27/2015 Due: $193880. Case #2074. Borrower: Brad Ivan & Eliza- Judgments 3/5/2015 beth L Curtis, 3050 Taber- #2015-11650, Date Filed: lins; Case #2015-11989, 2/26/2015 Boulder County Chapter 7 2/25/2015 Date Filed: 3/4/2015 Stephanie Denae Lerwick, 1361 nash Dr, Loveland. Lender: Thomas D Jr Formica, 676 Pacific Union Financial Llc, Keywood Ct, Windsor; Case Borrower: Reginald Mark Debtor: Sarah T Roth, Tony Charley Martinez, 2120 Trappers Place, Windsor; Amount Due: $238086. Jeffrey Scott Demarest, 2828 Jose G Desantiago, 1631 Ban- #2015-11772, Date Filed: Sr & Rena Nash, 13330 Creditor: Cach Llc. Amount: 15th Ave, Longmont; Case Case #2015-12071, Date Case #11900. 3/4/2015 Silverplume Dr Apt M2, Fort yan Dr, Fort Collins; Case 2/27/2015 Grove Way, Broomfield. $1357.25. Case #C-15c- #2015-11849, Date Filed: Collins; Case #2015-11652, #2015-12016, Date Filed: Filed: 3/6/2015 2/28/2015 Lender: Deutsche Bank 030028. Date: 2/19/2015 Date Filed: 2/25/2015 3/4/2015 Janice Rae Fyffe, 916 Cotton- National Trust C, Amount Weld County wood Ct, Fort Lupton; Case Janet Lynn Krebs, 596 Aspen Brandy Marie Wright, 415 Circle, Frederick; Case Due: $171067. Case #2104. Debtor: Tj Beckwith Enterprises Adam Eugene Gooding, 2260 Kenneth Romero, 7354 View #2015-11774, Date Filed: Borrower: Saul T Mendoza, Karsh Dr, Longmont; Case #2015-12086, Date Filed: 2/26/2015 Llc, Creditor: Ghmd Llc. Clydesdale Dr, Fort Collins; Pointe Cir, Wellington; Case 2/27/2015 218 Poplar St, Lochbuie. #2015-11855, Date Filed: 3/6/2015 Amount: $36014.35. Case Case #2015-11677, Date #2015-12043, Date Filed: Lender: Nationstar Mtg Llc, 2/28/2015 Larimer County #D-14cv-030096. Date: Filed: 2/25/2015 3/5/2015 Yolanda Lafrance Thomas, 438 Amount Due: $95062. Case 2/19/2015 Anthony David Coronel, 6972 Tumbleweed Drive, Brigh- Chapter 13 #4083765. 2/19/2015 Miro Ct, Niwot; Case #2015- Dawn Haaheo Feit, 3529 Har- ton; Case #2015-11793, Borrower: Deborah Lee Chapter 13 Carillo, 4394 Sunridge Dr, Debtor: Rocky Mount Ram Llc, 11868, Date Filed: 3/1/2015 rison Ave, Wellington; Case Date Filed: 2/28/2015 Carrie Rae Walter, 1207 Borrower: Matthew M Lang, Creditor: Immixgroup Inc. #2015-11679, Date Filed: Maclaughlin Court, Dacono; Loveland. Lender: Wells 340 Paul Edward Conley, 2601 2509 Hawk Dr, Evans. Amount: $98316.95. Case Rodolfo Molina Rascon, 2/25/2015 Debra L Rehantaylor, 1531 Case #2015-11670, Date Fargo Bank, Amount Due: 21st Avenue #B, Longmont; Davidson Drive Apt A1, Fort Lender: Pennymac Loan #D-14cv-031337. Date: 11th St, Greeley; Case Filed: 2/25/2015 $152745. Case #9078. Services Llc, Amount Due: Case #2015-11888, Date Collins; Case #2015-11819, 2/19/2015 2/19/2015 Kimberly Jean Luckey, 349 Date Filed: 2/28/2015 #2015-11801, Date Filed: $125475. Case #4083766. Filed: 3/1/2015 Pin Oak Dr, Loveland; Case John Paul Salazar, 110 8th 2/28/2015 2/19/2015 Debtor: Paulo Villalobos, Credi- #2015-11680, Date Filed: Street, Fort Lupton; Case Borrower: Harvey D Thomp- Ronald Dean Kelsay, 728 Fla- Brittany Nicole Friar, 3436 W tor: Public Service Credit 2/25/2015 #2015-11780, Date Filed: son, 900 Belvedere Ct, Fort mingo Dr, Lafayette; Case County Road 4, Berthoud; Michael Gregory Coulon, Po Borrower: Eric D & Brandi L Union. Amount: $6145.37. #2015-11916, Date Filed: 2/27/2015 Collins. Lender: Hsbc Bank Case #2015-11906, Date Box 200681, Evans; Case Nelson, 88 Summit View Rd, Case #C-15c-030195. Date: 3/3/2015 David Lou Staoro, 1020 Rol- Usa, Amount Due: $525000. Filed: 3/3/2015 #2015-11821, Date Filed: Severance. Lender: Ocwen 2/19/2015 land Moore Dr #2d, Fort Terry Morton Jr Henderson, Case #9079. 2/19/2015 John Bradley Ivers, 592 Cleve- 2/28/2015 Loan Servicing Llc, Amount Collins; Case #2015-11681, 1287 South 8th Ave, Brigh- land Ave, Louisville; Case Due: $212745. Case Debtor: Kevin R & Kevin R Jr Date Filed: 2/25/2015 Weld County Peggy Ann Johnson, 4115 W ton; Case #2015-11829, Borrower: Johnny J Jr & #2015-11934, Date Filed: #4084277. 2/20/2015 Kelly, Creditor: Portfolio Chapter 7 16th Street Drive, Greeley; Date Filed: 2/28/2015 Daana L Madden, 431 3/3/2015 Recovery Assoc Llc. Kevin Lee Watkins, 1810 S Case #2015-11854, Date Larkbunting Dr, Fort Collins. Borrower: Rebecca S & Jef- College Ave, Fort Collins; Tiffany Kristine Munoz, 700 Lisa Marie Mcroberts, 15891 Lender: Wells Fargo Bank, Amount: $3458.85. Case Anya Donelle Palmieri, 2450 Filed: 2/28/2015 frey L Pronto, 190 Cessna Case #2015-11691, Date Jessup St Apt 7, Brighton; Village Circle, Brighton; Amount Due: $169542. #C-14c-032460. Date: Airport Rd F156, Longmont; Dr, Erie. Lender: Cvf Ii Mtg Filed: 2/26/2015 Case #2015-11630, Date Case #2015-11857, Date Case #9708. 2/21/2015 2/19/2015 Case #2015-11979, Date Nathaniel Dale Beckman, Loan Trust Ii, Amount Due: Filed: 2/25/2015 2212 36th St, Evans; Case Filed: 2/28/2015 $457935. Case #4084544. Filed: 3/4/2015 Debtor: Raine Catalano, Emily Jean Harms, 1924 New- #2015-11863, Date Filed: Borrower: Rebecca & Lynn 2/21/2015 Creditor: Lvnv Funding Llc. castle Court, Fort Collins; Saundra Jean Morales, 2825 2/28/2015 Jarret Thomes Quinonez, 723 Lorenz, 537 Dunraven Glade Charles Morehead 2n Allen, Amount: $874.23. Case Case #2015-11701, Date W 28th St #7, Greeley; Case Mckinley Avenue, Fort Rd, Glen Haven. Lender: Borrower: Ronald C & Genell 5606 Blue Mountain Circle, #C-14c-033628. Date: Filed: 2/26/2015 #2015-11659, Date Filed: Marc Christopher Sutterfield, Lupton; Case #2015-11927, Wells Fargo Bank, Amount F Hulstrom, , . Lender: Psb Longmont; Case #2015- 2/25/2015 Date Filed: 3/3/2015 Due: $206934. Case #9709. 2/19/2015 11985, Date Filed: 3/4/2015 124 Walnut Street, Windsor; Credit Services Inc, Amount Antoinette Renee Glidewell, Case #2015-11864, Date 2/21/2015 Due: $462175. Case 3515 Highland Dr, Fort Col- Clyde Obrien Warehime, 435 N Sarah Ann Aguirre, 1608 38th Debtor: Richard Parish, Credi- Tammi Sue Self, 160 Elk Rd, Filed: 2/28/2015 #4084545. 2/21/2015 lins; Case #2015-11757, 35th Ave Unit 200, Greeley; Street, Evans; Case #2015- Borrower: Katie Frost, 1301 tor: Midland Funding Llc. Lyons; Case #2015-12050, Date Filed: 2/27/2015 Case #2015-11699, Date 12034, Date Filed: 3/5/2015 Gateway Park Dr, Berthoud. Borrower: Ronald C & Genell Amount: $7617.18. Case Date Filed: 3/5/2015 Filed: 2/26/2015 John Elwood Jr Layton, 137 Lender: Wells Fargo Bank, #C-14c-033434. Date: South 45th Avenue, Brigh- F Hulstrom, , . Lender: Carol Loretta Lopez, 3112 W Jeremiah Everett Gregory, Amount Due: $205770. 2/19/2015 ton; Case #2015-11875, Psb Credit Services Inc, Chapter 13 County Road 14, Loveland; Ricardo M Acosta, 1886 Grace 20799 Wcr 28, Hudson; Case #9710. 2/21/2015 Date Filed: 3/1/2015 Amount Due: $60703. Case Case #2015-11758, Date Avenue, Fort Lupton; Case Case #2015-12094, Date #4084546. 2/21/2015 Debtor: Gary C Hillam, Credi- Larry Dean Meadows, 1757 Filed: 2/27/2015 #2015-11711, Date Filed: Filed: 3/6/2015 Borrower: Michael Bilello, tor: Discover Bk. Amount: Preston Drive, Longmont; 2/26/2015 Jennifer B Navarro, 426 S 3rd 14500 Buckhorn Rd, Borrower: Brett R Gilbert, 219 $15129.3. Case #C-11c- Case #2015-11779, Date Babette Hutton, 2456 Mcken- Avenue, Brighton; Case FORECLOSURES Loveland. Lender: Wells E 22nd St, Greeley. Lender: 003487. Date: 2/19/2015 Filed: 2/27/2015 zie Drive, Loveland; Case Evan Asby, 1640 August #2015-11915, Date Filed: Boulder County Fargo Bank, Amount Due: Colo Housing Fin Author- #2015-11766, Date Filed: Lane, Brighton; Case 3/3/2015 $260758. Case #9996. ity, Amount Due: $110968. Debtor: Elike Nuku, Credi- tor: Discover Bk. Amount: Broomfield County 2/27/2015 #2015-11722, Date Filed: Borrower: Denise J & 2/24/2015 Case #4085272. 2/25/2015 $14142.12. Case #C-13c- Chapter 7 2/26/2015 Susan Nicole Archibeque, 3950 Douglas B Andrews, 1546 Jeremy Lee Stevenson, 1940 W 12th St Apt 21, Greeley; Cedarwood Dr, Longmont. Borrower: James W & Rose- Borrower: Darren M Moore, 032530. Date: 2/19/2015 marie Livingston, 3755 Pan- John P Cech, 13966 Star Larkspur Drive, Fort Collins; April D Taylor, 8353 Us Case #2015-11943, Date Lender: Ally Bank, Amount 563 Columbine Ave, Fort Case #2015-11797, Date 34 E, Johnstown; Case Filed: 3/3/2015 Due: $166247. Case ther Dr, Loveland. Lender: Lupton. Lender: Colo Hous- Debtor: Joseph A Sprague, Creek Dr, Broomfield; Case Creditor: Discover Bk. #2015-11664, Date Filed: Filed: 2/28/2015 #2015-11728, Date Filed: #3428505. 2/20/2015 Wells Fargo Bank, Amount ing Fin Authority, Amount Due: $164126. Case #9998. Amount: $1988.89. Case 2/25/2015 2/26/2015 Rita L Urban, 808 Gabriel Due: $144312. Case Kendall Douglas Wren, 1008 Borrower: Jonathan E & 2/24/2015 #4085273. 2/25/2015 #C-11c-005642. Date: Court, Dacono; Case 2/19/2015 Dianna Ruth Major, 3252 W Lochmore Place, Fort Col- David B Dao, 3221 Bald- #2015-11966, Date Filed: Anastasia K Bowman, Jeffrey A Wills, 133rd Avenue, Broomfield; lins; Case #2015-11847, win Ave, Evans; Case 3/4/2015 1817 Eldorado Dr, Superior. Borrower: Borrower: Ben Rahm, 3131 Debtor: Rosemary E Crispin, Case #2015-11925, Date Date Filed: 2/28/2015 #2015-11742, Date Filed: Lender: Nationstar Mort- 684 26th St Sw, Loveland. Meadowbrook Pl, Dacono. Creditor: Discover Bk. Filed: 3/3/2015 2/27/2015 gage Llc, Amount Due: Lender: Ally Bank, Amount Lender: Nationstar Mtg Llc, Joshua Allen Emilio Quinn, Tracy Lynn Allen, 165 Alder $323124. Case #3429257. Due: $32329. Case #9999. Amount Due: $221735. Amount: $2968.01. Case Ave, Johnstown; Case #C-12c-002485. Date: Gerald Hale Jr Stovall, 66 Gar- 3300 Colony Dr, Fort Collins; Julie C Clark, 10 E Garden 2/25/2015 2/24/2015 Case #4085274. 2/25/2015 Case #2015-11931, Date Dr #16, Windsor; Case #2015-11974, Date Filed: 2/19/2015 den Ctr, Broomfield; Case 3/4/2015 #2015-12084, Date Filed: Filed: 3/3/2015 #2015-11743, Date Filed: Borrower: Glenn D & Borrower: Ronald L Erbes, Borrower: Mark A Huff, 7233 Debtor: Sandra Mani, Credi- 3/6/2015 2/27/2015 Maureen F Mason, 11654 8139 E County Road 16, Foothill St, Frederick. Lend- Bradley Douglas Dreier, 2829 Wilbur Arthur Jr Wood, 200 N Flatiron Dr, Lafayette. Loveland. Lender: Green er: Pnc Bk, Amount Due: tor: Discover Bk. Amount: Kyle Circle, Loveland; Case Desiree L Sandoval, 4954 35th Ave #23, Greeley; Case Lender: Us Bank National Tree Servicing Llc, Amount $184542. Case #4085621. $4054.3. Case #C-12c- Larimer County #2015-11940, Date Filed: W 2nd St, Greeley; Case #2015-11977, Date Filed: Association T, Amount Due: Due: $166560. Case 2/26/2015 002936. Date: 2/19/2015 Chapter 7 3/3/2015 #2015-11746, Date Filed: 3/4/2015 $374093. Case #3429258. #10333. 2/25/2015 2/27/2015 2/25/2015 Borrower: Wayne V Ii Rey- Debtor: Lynn A Lippoldt, Credi- Nicole Leandra Gilbert, 1245 Sherrill Denise Lewis, 2502 Scott David Jr Theisen, 6280 Borrower: Adam A & Jannah burn, 5324 Coyote Dr, Fred- tor: Discover Bk. Amount: East Lincoln Ave #605, Fort Timberwood Dr, Fort Collins; Margarita Huerta Calderon, E 121st Dr, Brighton; Case Borrower: Holly A & Doug R Findley, 3703 Banyan Ct, erick. Lender: Wells Fargo $11221.89. Case #C-06c- Collins; Case #2015-11625, Case #2015-11962, Date 1014 Macdavidson Cir, #2015-11980, Date Filed: Goodrich, 6644 Kalua Rd, Loveland. Lender: Green Bk, Amount Due: $161930. 002295. Date: 2/19/2015 Date Filed: 2/25/2015 Filed: 3/4/2015 Dacono; Case #2015- 3/4/2015 Boulder. Lender: Us Bank Tree Servicing Llc, Amount Case #4085622. 2/26/2015 BizWest | www.bizwest.com March 20 - April 2, 2015 | 21A FOR THE RECORD

Debtor: Lara Iacometti, Credi- Debtor: Corey Drew, Credi- $10299.0. Case #C-15c- #C-09c-005121. Date: Debtor: Barbara Shaw, Credi- Debtor: Michelle A & Brian Urtel, Debtor: Michael & Michael J tor: Arrow Fin Services Llc. tor: Midland Funding Llc. 030069. Date: 3/3/2015 2/27/2015 tor: Discover Bk. Amount: Creditor: Wakefield Assoc Hiemstra, Creditor: Midland Debtor: James B Pherson, Amount: $4841.79. Case Amount: $1580.94. Case $6305.58. Case #C-09c- Inc. Amount: $12076.8. Funding Llc. Amount: Creditor: Colo St Revenue. #C-08c-006558. Date: #C-14c-031322. Date: Debtor: Margaret Bongiovanni, Debtor: Ralph Cirillo Iii & R 006407. Date: 2/27/2015 Case #C-15c-030025. Date: $1870.35. Case #C-14c- Amount: $941.4. Case 2/19/2015 2/28/2015 Creditor: Discover Bk. Cirillo, Creditor: Discover 2/28/2015 032668. Date: 3/3/2015 #D-D352010cv800430. Amount: $6457.7. Case Bk. Amount: $3136.13. Debtor: Susan Stolz, Credi- Date: 2/19/2015 Debtor: Stephen Payne & Marina Debtor: Judy Woods, Credi- #C-12c-000733. Date: Case #C-14c-033942. Date: tor: Discover Bk. Amount: Debtor: Susan M Skodis, Debtor: Tonya Bennett, Credi- W Nash, Creditor: Profes- tor: Midland Funding Llc. 3/4/2015 2/27/2015 $13956.8. Case #C-08c- Creditor: Capital One Bk tor: Midland Funding Llc. Debtor: George A Jibilian, sional Fin Co Inc. Amount: Amount: $8404.64. Case 009267. Date: 2/27/2015 Usa. Amount: $5798.04. Amount: $767.98. Case Creditor: Desarrollo Com- $4437.58. Case #C-14c- #C-14c-031193. Date: Debtor: Viking Roofing Inc, Debtor: Tammy R Beatty, Case #C-14c-035938. Date: #C-14c-031689. Date: ercial Abarroter. Amount: 031133. Date: 2/20/2015 2/28/2015 Creditor: Gulfside Supply Creditor: Capital One Bk Debtor: Diana J Boatwright, 3/3/2015 3/3/2015 $112556.05. Case Inc. Amount: $26743.83. Usa. Amount: $3187.11. Creditor: Discover Bk. #D-2011cv210. Date: Debtor: Philip C & Carolyn S Debtor: Arieann Defazio, Credi- Case #D-14cv-030243. Case #C-14c-031658. Date: Amount: $5306.15. Case Debtor: Hannah E Rowley, Debtor: Terry Miller, Credi- 2/20/2015 Calitre, Creditor: Remington tor: Midland Funding Llc. Date: 3/4/2015 2/27/2015 #C-08c-007634. Date: Creditor: Bellco Credit tor: Midland Funding Llc. Post Homeowners Asso. Union. Amount: $14835.38. Amount: $1041.74. Case Amount: $2003.9. Case 2/27/2015 Debtor: Claudia Regan, Amount: $8673.71. Case #C-14c-031398. Date: Larimer County Debtor: John J Mcbroome, Case #C-14c-031233. Date: #C-14c-034238. Date: #C-14c-032996. Date: Creditor: Lvnv Funding Llc. 3/3/2015 3/3/2015 Creditor: Account Brokers 2/28/2015 Debtor: John P Nollet, Credi- 2/20/2015 Amount: $2927.59. Case Larimer County. Amount: Debtor: Edward J & Patricia L tor: Discover Bk. Amount: #C-14c-031270. Date: Debtor: Deborah Knight, Debtor: Front Range Labora- $540.66. Case #C-10c- Debtor: Jill Willis, Creditor: Gudemann, Creditor: Cach Debtor: Jeffrey Scott, Creditor: 2/27/2015 $11134.37. Case #C-07c- Creditor: Cavalry Spv Ii Llc. tories Inc, Creditor: Profes- 004717. Date: 2/20/2015 Tammy Lovato. Amount: Llc. Amount: $1091.67. Am Express Bk. Amount: 003476. Date: 2/27/2015 Amount: $1631.93. Case sional Fin Co Inc. Amount: $6707.09. Case #C-13s- Case #C-14c-035714. Date: $4366.13. Case #C-14c- Debtor: Margaret A Spears, #C-14c-031219. Date: $2933.81. Case #C-15c- Debtor: David S Powel- 000116. Date: 2/20/2015 2/19/2015 033509. Date: 2/24/2015 Creditor: Capital One Bk Debtor: Kevin J Laut, Credi- 3/3/2015 030054. Date: 3/3/2015 son, Creditor: Crystal tor: Atlantic Credit Fin Inc. Debtor: Anna B Slepokura, Usa. Amount: $8184.18. Lakes Road Recreation. Debtor: Cinderella S Less- Amount: $8358.36. Case Debtor: Pablo Analco, Creditor: Creditor: Discover Bk. Case #C-14c-031670. Date: Debtor: Linda King, Creditor: Debtor: Ryan Bolotte, Creditor: Amount: $2682.61. Case man, Creditor: Am Express #C-09c-006898. Date: Elevations Credit Union. Amount: $13583.54. Case 2/27/2015 Cavalry Spv Ii Llc. Amount: Professional Fin Co Inc. #C-14c32301. Date: Centurion Bk. Amount: 2/27/2015 Amount: $69874.38. Case #C-10c-002432. Date: $2879.99. Case #C-14c- Amount: $964.53. Case 2/21/2015 #D-08cv-000808. Date: $5409.59. Case #C-12c- Debtor: Larry Mcdonald, 031223. Date: 3/3/2015 #C-14c-030232. Date: 2/25/2015 007983. Date: 2/21/2015 2/24/2015 Creditor: Cavalry Spv I Llc. Debtor: Rodolfo J Elizalde, 3/3/2015 Debtor: William M Vanevery, Debtor: Karen A & Richard M Amount: $7347.68. Case Creditor: Capital One Bk Debtor: Debra E Hersh, Credi- Creditor: Discover Bk. Debtor: Bryan Swanton, Debtor: Rebecca Susan #C-14c-031674. Date: Usa. Amount: $1501.58. tor: Unifund Ccr Partners. Debtor: Angela R Purdy, Credi- Sowar, Creditor: Budget Lorenz, Creditor: Retreat Amount: $0.0. Case Creditor: Robert A Jr Gregg. Control Services Inc. 2/27/2015 Case #C-09c-005166. Date: Amount: $10990.85. Case tor: Professional Fin Co Inc. #C-12c7543. Date: Amount: $63733.0. Case #. Landowners Assoc. 2/27/2015 #C-14c-030777. Date: Amount: $1119.15. Case Amount: $457.55. Case Amount: $7178.0. Case 2/21/2015 Date: 2/26/2015 #C-08c-001741. Date: Debtor: Benjamin Hudson, 3/3/2015 #C-10c-002802. Date: #D-12cv-001224. Date: Creditor: Capital One Bk Debtor: Bob Sendgraff, Credi- 3/3/2015 2/27/2015 Debtor: Kyle J Fody, Creditor: Debtor: Charmaine F Gallegos, 2/21/2015 Usa. Amount: $9107.9. tor: Capital One Bk Usa. Debtor: Pamela N Ho, Crystal Lakes Road Recre- Creditor: Wakefield Assoc Case #C-14c-035827. Date: Amount: $1526.07. Case Creditor: Unifund Ccr Llc. Debtor: Heather Stpeters, ation. Amount: $7173.85. Inc. Amount: $3411.86. Broomfield County Debtor: Richard Knuth, 2/27/2015 #C-09c-005976. Date: Amount: $40777.07. Case Creditor: Professional Fin Creditor: Troy Capital Llc. Case #D-14cv-030535. Case #C-14c-032973. Date: 2/27/2015 #D-14cv-030799. Date: Co Inc. Amount: $926.57. 2/28/2015 Debtor: Cristina Nicole & C Amount: $10447.74. Case Debtor: Teresa Abrams, Credi- 3/3/2015 Case #C-14c-031913. Date: Date: 2/21/2015 Nicole Smith, Creditor: Us Bk. #C-2014c34966. Date: tor: Discover Bk. Amount: Debtor: Claudia & Martin 3/3/2015 Amount: $37807.68. Case 2/24/2015 Debtor: Carl Hornbuckle, Credi- $4641.71. Case #C-12c- Creditor: Wake- Debtor: Lara Woodyard, Credi- Debtor: Ngan T Tran, #D-13cr-003232. Date: Hernandez, tor: Midland Funding Llc. 009339. Date: 2/27/2015 field Assoc Inc. Amount: tor: Midland Funding Llc. Debtor: Bryan Swanton, Creditor: Fed Fin Corp Am. Amount: $896.95. Case 2/20/2015 Debtor: Angela M Pierce, Amount: $1001.36. Case Creditor: Robert A Jr Gregg. Amount: $15000.0. Case Creditor: Marshall Recovery $2813.85. Case #C-14c- #C-13c-034060. Date: Debtor: Betty Hutcheson, 031986. Date: 2/28/2015 #C-14c-031389. Date: Amount: $63733.0. Case #C-10cv-000274. Date: 2/28/2015 Debtor: Kurt Smith, Creditor: Ii Llc. Amount: $1365.2. Creditor: Lvnv Funding Llc. 3/3/2015 #D-11cv-001259. Date: 2/25/2015 Us Bk. Amount: $37807.68. Case #C-15c-030319. Date: Amount: $5498.46. Case 3/3/2015 Case #D-13cr-003247. 2/24/2015 Debtor: George R Mayhan, Debtor: Toni Mccarty, Credi- #C-12c-010390. Date: Debtor: Ramon & Ramon L Debtor: Robero Lynn & Robert Date: 2/20/2015 Creditor: Wakefield Assoc tor: Midland Funding Llc. 2/27/2015 Gonzalez, Creditor: Midland Debtor: Patricia L Loper, Credi- Bush, Creditor: Holly Jean Debtor: Liberto & Maria Cas- Inc. Amount: $789.33. Case Amount: $7870.57. Case Funding Llc. Amount: tor: Credit Service Co Inc. Nordman. Amount: $1302.0. Creditor: #C-14c-031942. Date: #C-14c-031861. Date: Debtor: Britt Smolen, torena, Creditor: Account Debtor: James H Ehlers, Credi- $2287.56. Case #C-14c- Amount: $2003.41. Case Case #D-14jv000100. Date: Springleaf Fin Services Inc. 2/28/2015 2/28/2015 Brokers Larimer County. tor: Discover Bk. Amount: 030017. Date: 3/3/2015 #C-14c-035346. Date: 2/25/2015 Amount: $3435.81. Case Amount: $4953.0. Case $11543.77. Case #C-12c- 3/4/2015 Debtor: Rhea Wiersema, Credi- #C-15c-030700. Date: #C-14c-036007. Date: 004762. Date: 2/27/2015 Debtor: Jeremy B Roth, Credi- Debtor: Jennifer Hynes, Credi- tor: Midland Funding Llc. 2/24/2015 2/25/2015 tor: Wakefield Assoc Inc. tor: Midland Funding Llc. Debtor: Shannon Marie Carlson, Debtor: Ki Shih, Creditor: Amount: $2088.94. Case Debtor: Frank A Jimenez, Cred- Amount: $850.45. Case Amount: $887.85. Case Creditor: Dillon Valley East Rex S Miller. Amount: #C-14c-033095. Date: Debtor: Harry Plowman, Credi- Debtor: Ingemar Kvarnstrom, itor: Discover Bk. Amount: #C-14c-032042. Date: #C-13c-031986. Date: Condo. Amount: $20302.79. $46138.38. Case 2/28/2015 tor: Midland Funding Llc. Creditor: Jefferson Capital $8707.21. Case #C-10c- 2/28/2015 3/3/2015 Case #D-14cv-030290. #D-14cv30501. Date: Amount: $1711.57. Case Systems Llc. Amount: 006959. Date: 2/27/2015 Date: 3/4/2015 2/27/2015 Debtor: Sharon Wildrick, Credi- #C-14c-030915. Date: $1164.46. Case #C-14c- Debtor: Randall D Stephenson, Debtor: Tami & Tami M Wooten, tor: Midland Funding Llc. 2/28/2015 030769. Date: 2/27/2015 Debtor: Robert J Schro- Creditor: Wakefield Assoc Creditor: Midland Funding Debtor: Mitch & Jillanne Weiner, Debtor: Earnest & Laurie Tooley, Amount: $898.42. Case eder, Creditor: Discover Bk. Inc. Amount: $2828.82. Llc. Amount: $792.46. Case Creditor: Professional Fin Creditor: Wakefield Assoc #C-14c-032962. Date: Debtor: Michael Newton, Debtor: Vicki R & Marvin R Amount: $4852.26. Case Case #C-14c-031091. Date: #C-13c-031485. Date: Co Inc. Amount: $0.0. Case Inc. Amount: $1069.65. 2/28/2015 Creditor: One Earth Future Bush, Creditor: Gmac Llc. #C-10c-010392. Date: 2/28/2015 3/3/2015 #Repost Date 2/26/15. Case #C-10c-001943. Date: Longmont Faci. Amount: Amount: $6659.93. Case 2/27/2015 Date: 2/21/2015 2/28/2015

2015 Awards Honorees Virginia Patterson Business Person of the Year Judy Amabile Polar Bottle/Product Architects

Industry Leader of the Year The Zayo Group

Community Leadership Award Regina Cowles, Nancy Geyer, Deborah Malden, Bob Morehouse, Bill Obermeier, 4:30 PM to 8:30 PM Patrick O’Brien, Richard Polk, Thursday, April 2, 2015 and Bob Yates Followed immediately by the Boulder Arts Week performance until 10:00 PM.

Chamber Champion Future home of the Museum of Boulder, We Build Community Elvira Romas 2205 Broadway St., Boulder, CO 80302 Through Business The Community Foundation Barb Truan Renaissance Management To register go to: www.boulderchamber.com

Fanny Reich Local Hero Award Lifetime Achievement Ron Secrist Boulder Community Health 22A | March 20 - April 2, 2015 BizWest | www.bizwest.com

COMMENTARY BIZWEST WWW.BIZWEST.COM Issue 1 builds on what’s best about Fort Collins eaders in the city of Fort Col- During its lifetime, this low-pro- lins want you to open up the file tax has helped build the Fort Lpaper ballot that should be Collins Museum of Discovery, the showing up in your mailbox any Mulberry Pool, the Lincoln Center minute now and vote yes on Issue 1. and the Senior Center. It’s not the most exciting thing you’ll ever do, but it is a sound civic invest- ment. In giving this measure the OK, EDITORIAL you’ll be ensuring that the city will continue to collect a “Building on People who believe any opportuni- Basics” ¼-cent sales tax that’s been in ty to lower taxes should be embraced place since 1973. It otherwise would are against this measure. They point end in December. to the city’s multi-million-dollar Equally important, you’ll help surplus and argue that these funds, extend bike routes and sidewalks, not ongoing taxes, could be used to improve bus stops and parks, and build sidewalks and improve parks. enhance the Poudre River picnic But Issue 1’s backers point out areas and the proposed whitewater that most of that surplus already is park. spoken for and some of it has allowed What we like about Ballot Issue 1 more projects to be added to this is that it allows the city to upgrade list of worthy undertakings. So we and improve the amenities that make encourage you to vote yes on Issue it such an attractive place for resi- 1 – and the next time you ride your dents and employers. And it does so bike across town or picnic next to the without incurring debt. river, revel in your civic-mindedness.

BizWest.com opinion poll Question: As oil prices plummet, hundreds of Colorado oilfield workers are losing their jobs. Are the resulting lower gas prices worth the hit to employment?

Yes No

72.5 27.5 % X

Next question: Recently, Colorado lawmakers opted not to license yoga instructors. Was their decision correct? n Yes, yoga instruction and certification work fine without state oversight. n No, yoga can cause physical harm and, as a result, instructors should be licensed. Visit www.BizWest.com to express your opinion.

The BizWest Opinion Poll is not scientific and reflects only the opinions of those Internet users who have chosen to participate.

Publishers VOLUME 34, ISSUE 7 JEFF NUTTALL CHRISTOPHER WOOD [email protected] [email protected] Boulder Office 970-232-3131 | 303-630-1955 303-630-1942 | 970-232-3133 1790 30th St., Suite 300, Boulder, CO 80301 | Fax: 303-440-8954 Copyright © 2015. Fort Collins Office 1550 E. Harmony Road, 2nd floor , Fort Collins, CO 80525 BizWest Media LLC. Executive Editor Vice President of Operations Vice President of P.O. Box 270810, Fort Collins, CO 80527 | Fax: 970-221-5432 Reproduction or use of JERD SMITH KEN AMUNDSON Strategic Partnerships editorial or graphic content Printed on [email protected] [email protected] SANDY POWELL Forest Stewardship without written permission 303-630-1946 | 970-232-3130 970-232-3142 | 303-630-1952 [email protected] Council certified is prohibited. 970-232-3144 | 303-630-1954 paper BizWest | www.bizwest.com March 20 - April 2, 2015 | 23A

RGS from 1A Hawaii have made rooftop solar a less Goods Solar’s financial performance. attractive option in that state. Real Goods Solar stock performance As shareholders have fled Real Goods In a November report, Moody’s March 15, 2013 to March 12, 2015 (Nasdaq: RGSE) Solar, the company has sought to raise Investors Services highlighted RGS as capital, including selling for $1 million a having “extremely elevated credit risk.” 7.00 portion of its business to John Schaeffer, The report cited RGS’ earnings as being 6.00 May 20 a defendant in the lawsuits and member close: $6.08 too low to support interest payments, 5.00 of Real Goods Solar’s board of directors. a negative operating margin and an The company also recently raised $2.75 increase in debt as factors that led to its 4.00 million in a public offering amid a $55 3.00 March 12 low score. close: $0.29 million backlog of projects that it is RGS’ financial troubles come as it 2.00 struggling to fund. faces three shareholder lawsuits, recent- 1.00 RGS also said in a March 2 statement ly consolidated by U.S. District Judge that it would embark on a reorganiza- Lorna Schofield for the Southern Dis- Sept. 3, 2013 March 3, 2014 Sept. 2, 2014 March 2, 2015 tion in which it plans major changes trict of New York. The cases will be to its California operations. RGS plans combined for certain legal procedures Source: Nasdaq efficiencies such as relying on call-cen- before they appear separately if they ter sales instead of field sales while head to trial. Zitter and Sameer Rastogi, attorneys for proceed with the claims. maintaining its engineering operations The lawsuits name as defendants the plaintiffs, also did not respond to “The most important battle at the at its Louisville headquarters. The com- current and former executives as well as requests for comment. start of the lawsuit is over whether you pany expected to complete most of its members of the board of directors. Real Shareholders generally must prove can get the class certified by the court,” restructuring within the first quarter of Goods Solar has asked that the cases be that a public company made false or he said. “It’s difficult to get classes certi- this year. dismissed. misleading statements in disclosures to fied because there are many procedural “The foundation of our new oper- The lawsuits center on claims by win their cases, said Ladd Hirsch, liti- requirements that must be met before ational model focuses on our core Rye, N.Y., resident Richard Smithline gation partner for Diamond McCarthy a court will agree to grant certification strengths of engineering, e-sales, opera- and Midsummer Small Cap Master LLP in Texas. and allow the lawsuit to proceed as a tions management and leasing,” said Ltd. in New York City, Alpha Capital “You’ve got to show that there were class action.” RGS Energy chief executive Dennis Anstalt in Liechtenstein, and Brio Capi- some specific and truly false or mislead- Plaintiffs of the RGS lawsuits have Lacey in the statement. “We expect tal Master Fund Ltd., that Real Goods ing statements that were made, which not achieved class-action status, but this effort to streamline our operations Solar made misleading statements about induced the shareholders to invest,” he RGS’ sinking shares also may have and lower our fixed operating costs, as its financial health as the company said. affected companies closer to home. we leverage our recently strengthened sought to raise additional cash last sum- Shareholder lawsuit plaintiffs typi- Gaiam Inc. recently owned 4.1 mil- financial position to address an over $50 mer. RGS raised a total of $6.4 million cally seek to certify their cases as class- lion shares of Real Goods Solar, accord- million installation backlog.” in the private placement in which it had action lawsuits to increase their returns, ing to a 2013 statement announcing that sought to raise $15 million. he said. In most cases, continuing the the company had sold 6 million shares Steve Lynn can be reached at 970- Andrew Lopez, an attorney for lawsuit does not make economic sense for $16.4 million. Steve Thomas, Gaiam 232-3147, 303-630-1968 or slynn@ Denver-based Schuchat International if the court denies certification and only chief financial officer, did not respond to bizwestmedia.com. Follow him on Twit- Law Firm LLC who has advised clients a small group of plaintiffs remains to messages requesting comment on Real ter at @SteveLynnBW. in private placements, said that such deals can pressure companies as they highlight both their financial strengths and risks when presenting to investors. “Where it always gets complicated is you’re trying to get people to invest money and then you have to highlight all the risks of that investment at the State of same time,” Lopez said. “On one hand, you’re trying to sell something; on the other hand, you’re trying to tell them Confidence. why you could lose all your money.” The plaintiffs contend they invested Challenge yourself to keep a total of $1.6 million in Real Goods learning with Colorado’s Solar based on statements about its top-ranked MBA program. path toward profitable growth. But they contend the company failed to fully disclose its liabilities and a default on its obligations with Silicon Valley Bank in Broomfield as of June 30, 2014, just days before Brio bought stock. Brio bought $300,000 July 9, unaware that RGS was preparing to disclose a $28.4 million operating loss for the second quarter that had ended just days before. In addition, in court documents, Brio said RGS did not dis- close that its cash balance had dropped dramatically, from $11.1 million at the end of the first quarter to $1.7 million at the close of the second quarter. RGS Professional MBA Information Session officials did not respond to requests April 1, 5:30-6:30 p.m. for comment on the allegations in the Bohemian Auditorium, Rockwell Hall, Fort Collins lawsuit. RSVP Today: csuMBA.com/info Press releases and earnings state- ments, meanwhile, revealed that Real Goods Solar planned to exit the large commercial market, instead focusing on residential markets to improve the company’s profit margin. Some of the plaintiffs in the lawsuit have since sold their shares at a loss. Ken %1//70+6;+5 6 ,9"  "  / ,*Ƃ,/

When two parents and their seven children come together and work hard, it’s more than just a family or a family business. It’s the perfect example of THE WAY BANKING SHOULD BE community and how it’s more important than ever. See videos that show this at

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