Ayotte suggests leasing surplus state land for housing
Gov. Kelly Ayotte suggests leasing surplus state land for residential development to help curb New Hampshire's housing shortage and attract more workers to the state.
BrandPartners posts 1Q losses
BrandPartners Group closed its first quarter ending March 31 with a significant drop in revenues.
The firm said it had revenues of $11.1 million for the period, $3.5 million less than the same quarter a year ago.
The Rochester-based diversified retail environment provider also ended the first quarter of 2006 with net losses of $1.3 million, or 4 cents per diluted share, vs. net income of $1.8 million, or 5 cents per share, in the first quarter of 2005.
Operating losses of $984,000 were also reported in the first quarter of 2006 compared to operating income of $2.1 million in the same quarter of the previous year.
Sales were also down slightly for the period, $2.6 million from $2.9 million in quarter-on-quarter results.
The second quarter of 2006 appears to have a brighter outlook with the company’s signing of contracts worth a total of $6.3 million.
BrandPartners stated the contracts included a merchandising roll-out project for a major regional financial institution, a design and project management expansion project for a Northeast bank, a merchandising project for the conversion of an acquired financial institution and a headquarters branch design project for a West Coast-based credit union. — CINDY KIBBE
