Nautilus loses $47.7M in fourth quarter
Vancouver-based Nautilus Inc. showed net losses of $47.7 million in unaudited fourth quarter results. Fourth-quarter loss from continuing operations was $31.4 million.
In what the company called a very difficult year, net sales were down 19 percent from $617.3 million in 2006 to $502.1 million for the year.
The results did not include Nautilus’ apparel segment, which is up for sale.
Fourth-quarter sales from that discontinued operation were $12.4 million, and annual sales were $67.1 million. Discontinued operations resulted in a pre-tax loss of $17.1 million in the fourth quarter.
The company, which has a newly reconstituted board and management, plans to restore profits through cost containment and margin improvements, rather than sales growth.
Vancouver Hilton wins top tourism honor
Winners were announced in seven categories at the second annual Clark County Tourism Awards, presented by the Clark County Board of Commissioners, the Clark County Lodging Association and the Southwest Washington Convention and Visitors Bureau.
The Vancouver Hilton won the outstanding tourism award. Other finalists were the Vancouver Heathman Lodge and the Clark County Events Center.
The Vancouver Farmers Market won the retail excellence award. Other finalists were Camas-based Lily Atelier and Pendleton Woolen Mills.
Additional winners included Alison Hite, who won the rising star award for professionals younger than 35. She is general manager at Vancouver-based SpringHill Suites by Marriott. The restaurant excellence award went to Hudson’s Restaurant at the Heathman Lodge.
Margaret Hepola from the Clark County Historic Promotion Committee won the outstanding cultural tourism award, and the Columbia Springs Environmental Education Center at the Vancouver Trout Hatchery won the outstanding ecotourism award. The Clark County Fair received the outstanding event award.
Business Opportunity Expo seeks vendors
Vendor applications for the Business Opportunity Expo in Ridgefield are being accepted through March 15.
The expo will be May 29 at the Clark County Event Center at the Fairgrounds and be hosted by the cities of Battle Ground, La Center and Ridgefield and the Port of Ridgefield. The expo’s keynote speaker is Jerry Greenfield, co-founder of Ben and Jerry’s Ice Cream.
Booths are $250, and event sponsorships are available at varying levels. Registration details are available at www.2008bizoppexpo.com.
Tidewater donates boat to crew club
The Vancouver Lake Crew Club has received a competition-ready rowing shell from Vancouver-based Tidewater.
The boat is valued at $20,000 and is the crew club’s most significant donation to date. The non-profit club saw losses of at least $250,000 when its facilities and equipment suffered tornado damage in January. Since then, 30 of its 50 boats have been replaced through donations.
The newest boat, The Rebel, will see its first race March 12.
Burgerville wins Better Workplace awards
Vancouver-based Burgerville has received two Better Workplace awards from the Association of Washington Business.
The chain, owned by The Holland Inc., received the innovative benefit/compensation programs award and the best job training and advancement program award.
Battle Ground printer wins top honors
Mike Harden, owner of Battle Ground Printing, was named business person of the year by the Battle Ground Chamber of Commerce. Harden’s print shop promotes community causes and provides services that small businesses previously traveled outside of Battle Ground for, said Diane Rivera, chamber executive director.
The chamber also named Battle Ground Mayor Mike Ciraulo and his wife Gilda citizens of the year.
Woodland businesses earn accolades
The Woodland Chamber of Commerce has presented its 2007 awards.
Citizen of the Year was Benno Dobbe of Woodland-based Holland America Bulb Farms.
The Business of the Year award went to Jeff and Melinda Leuthold of Jeff Leuthold Inc. for their renovation of Woodland-based Loves Street Playhouse.
Barbara Harsh was named Member Business Employee of the Year. She is a 28-year employee of Woodland-based Lamiglas Inc.
YPOV names officers
Young Professionals of Vancouver has named its 2008 officers.
Tina Vlachos of Country Insurance is president.
The group’s vice presidents are Chelise Roulette of Keller Williams, Chanel Broersma of Pacific Continental Bank, Jason Reid of Southwest Office Systems, Jocelyn De Jong of New Company and Christa James of Bay Bank.
Marci White of Peterson and Assoc. is secretary.
RV, horse trailer business moves
Battle Ground-based B Bar B Horse Trailer Sales and Service has moved to 21715 N.E. 72nd Ave. at Dollar’s Corner.
The company, which was founded in 2001 was previously on Fourth Plain Boulevard.
D+C Briefs
Frontier Electric wins Battle Ground bid
Vancouver-based Frontier Electric won the electrical contract for the $5 million renovation of Columbia Adventist Academy in Battle Ground.
Vancouver-based Erwin Construction will be the general contractor on the renovation of the 104-year-old campus. The project includes a new administration and classroom building and the modernization of electrical systems
H+H Briefs
SWMC brings in record donations
Southwest Washington Medical Center set a record for its philanthropy campaign, bringing in $53.5 million in total donations for the Firstenburg Patient Tower.
The original fundraising goal was $15 million, but that goal was easily surpassed with two gifts of $15 million each and nine gifts of $1 million each. This expanded the campaign’s scope to support 45 projects within the hospital. The campaign officially began Oct. 1, 2004, but 95 percent of the funds were raised or pledged in the last 18 months.
Hospital employees contributed $769,862, and $894,717 came from community physicians who practice at the center.
Other projects supported by the campaign include the Women’s and Children’s Center of Excellence, hospice programs and the Healthy Steps Women’s and Children’s Center.
The SWMC Foundation’s 2008 fundraising goal is $6 million, which will support the build out of the Firstenburg tower, construction of the breast care center, purchase of a robotic surgery system and endowments.
