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Show M s SECTION jallnflcrolfi m SUNDAY, SEPTEMBER 7. BUSINESS EDITOR Grace Leong I 2003 H ' i gleongOhefaldextra.com 344-291- 0 i! SMALL BUSINESS Moving Up CORDA weathers tech sector downturn Orem-base- d public relations firm Snapp Norris Group named Gina Sdiwendiman to its senior public relations team. Schwendiman provided public relations services to companies including WordPerfect Corp., Corel, FlipDog.com and Provant, as well as event management services including directing the WinterNet program for Salt Lake City's Wasatch Venture Fund. i Lindon-base- Week Ahead The American Fork Chamber is hosting a luncheon and a session from Workers Compensation Fund is hosting four work safety seminars in Sep tember. The "Return To Work seminar will be held from 8:30 a.m. through noon on Tuesday at the Greenwell Inn Convention Center at 655 E. Main St in Price. The "Bloodbome Pathogens" seminar will be held from 8:30 a.m. through 10 a.m. on Sept 18, and the "Personal Protective Equipment" seminar, from 10:15 a.m. through 11:45 a.m., at the WCF at 392 E. 6400 South in Salt Lake City. The "OSHA" seminar will be held starting at 8:30 a.m. on Sept. 24 and 25 at the same location in Salt Lake City. The seminars are free for WCF policyholders. Reg- istration fees for are $175 per person. Please call . , Michael Jerman, vice president of the Utah Taxpayers Association, will speak on taxation is- inthemid-'90- sues facing businesses. Registration costs are $10 a person. Please call Debby at 756-511- 0 for more information. The Pleasant Grove ; Chamber of Commerce is hosting an annual golf tournament starting at 4 p.m. on Thursday at the Cascade Golf Course in Pleasant Grove. For more information, please call Vivian Snell at SATURDAY I TUESDAY I The state Department of Workforce Services is sponsoring a luncheon and workshop on "Violence in the Workplace" on Tuesday at the Provo Marriott at 101 W. 100 North in Provo. Please for more call 374-777-5 information. Unlimited Living International is hosting a women's seminar from 8:30 a.m. through 3 p.m. Saturday at the Wyndham Hotel at 215 W. South Temple in Salt Lake City. The seminar costs $89 per person. For more information, please call Becky at software developer d - : 3' ! -- g : y , ll " TV CORSOThe Daily Herald.. to a display of the company's software. The software enables companies to understand their data visually in a variety of charts, breaking the figures down by : region and ZIP code. ; Neal Williams, CEO of CORDA Technologies, sits next . Not helping was CORDA's slowing growth in the immediate after- math of the tech sector downturn, Williams said. sector col"When the dot-colapsed, we lost a couple of hundred customers that had bought our software to monitor their invento-Zl.t- f, salesTjerf ormance or quality of production runs. Some of those companies went out of business, wvi7.c:::::r!iluo.con while others cut their IT budgets," he said. That caused CORDA's growth, which Williams said had been doubling almost every year, to slow to about 20 percent. But CORDA managed to obtain $500,000 in capital funding from, the Utah Angela grdup of le vate investors formed in 1998 to ' back Utah entrepreneurs. And as more companies "loosen up" their budgets after the econo- my started picking up in the recent two quarters after the US. war with Iraq ended, CORDA now sees at least a 30 percent to 40 percent growth in sales in the corning quar- -- ,,. ters.2 " See CORDA, THE DAIES HERAM) - Desolation Canyon '; Begins Monday, September 8 and will continue every Mnndav for 16 weeks. n Minimum investment $5,000 Tenns from 3 months to 5 yean Interest compounded dairy can be paid monthly, quarteriy, semiannually, annually or at maturity Visit Us At Parkside tower 215 Sotdi Stale Street; Suite 100B Soil take Qy.UT 84130 tZ reading Providing Financial Services Since 1951. experience! For a Prospectus & Free Information, Call.. f D www.advanta.comnotes The Annual Percentage Yields above are available through September 13, 2003. This announcement Is neither an offer to sell nor a solicitation of an offer to buy Notes. The offer Is made only by Prospectus to residents of select states. Including UT and CA. The Notes are being sold by Advanta Corp. and the proceeds will be used lor general corporate purposes. The Notes represent obligations of Advanta Corp. and are not insured or guaranteed by the FDiC or any other governmental or private entity. The Annual Percentage Yield assumes Interest Is paid only at maturity. Advanta Corp.. a Publicly Owned Source Code FPCBHXBGXX Company, is traded on NASDAQ (SynuolsADvlW4ADVNB). Utah County Community News YTfvw.liarktIieherald.com r TEACHERS, see how you can provide this experience for your students every Monday, at no cost! "Aaron, Lisa ... prTAq helping" is a hfetf napping brings you ADVANTA- m - . s. "It took us a year to set up the company. We vested stock options from WordPerfect for initial capital and moved into a basement office in Orem," he said. "In 1999, when the Internet economy was booming, we signed a large OEM (Original Equipment Manufacturer's) deal with a company called Pervasive Software. That was our first big deal and it brought in enough money for us to hire 10 employees in 2000." became a chalBut lenge, especially when venture capitalists began imposing more stringent terms on loans following the tech sector downturn and loan offers from the U.S. Small Business Administration weren't adequate for its growth plans, Williams said.' "Venture capitalists were mostly after the Internet bubble gun-shburst. The loan terms they offered ' were very badj&i get tlwJseJoans; ' we would have had to give up a lot of the company to them," he said. fund-raisin- 785-156- for more infor- mation. HERALD That investment is paying off , helped in part by funding from a local group of private investors called the Utah Angels. CORDA founder Neal Williams, also a former software engineer with WordPerfect and Novell Inc., said he saw an opportunity to find a way to display data through charts and graphs on a Web page because of opportunities offered by the Internet's growing popularity 11:30 a.m. to lp.m. on Thursday at the Quality Inn Hotel at 712 S.Utah Valley Drive in American Fork. DAILY sector colsurviving the dot-colapse as well as the economic fallout from the 911 terrorist attacks by being a contrarian. Instead of scaling back its research and development budget as its customer base shrank with the tech sector downturn, CORDA which develops software that presents data in the form of charts, gr aphs or maps on a Web page focused its resources on product ment program for fiscal 200344. Miller, a member of the board of directors for the Junior Achievement of Utah, was also awarded its ' National Leadership award. I Salt Lake Cttybased THE ' CORDA Technologies Inc. said it is Damon Miller, president of U.S. Bank in Utah, Achieve- THURSDAY o Grace Leong was appointed chairman of Utah's Junior ONGOING v. J Cassidy, along with their dads, set out on a white-watrafting expedition on the Green River, through Desolation Canyon, Utah." er And what an adventure it turns out to be. For more information contact Christene Helpingstine at 344-2923 or chelpmgstineheraldextra.com , The Dally Herald Newspaper in Education E6 |