January 1, 1997

Front Range Inc.: One more bank for Greeley area

EVANS — Weld County Bank, which will become Evans’ only bank, has had its charter approved by the Colorado Division of Banking.

The bank, which will have banking veteran Ed Capra at its helm, will open at the corner of 37th Street and 23rd Avenue in Evans. Early intentions call for a modular facility and eight employees. If all goes well, a permanent facility for the full-service bank is expected sometime in 1998.

Weld County Bank’s charter calls for capitalization of at least $2.5 million. So far, $2.9 million has been raised from approximately 100 shareholders. The bank still must secure approval from the Federal Deposit Insurance Corp.

Estes Park bank will grow

ESTES PARK — The Estes Park Bank plans to acquire banks in Granby and Grand Lake and will change its name to United Valley Bank.

The purchase from Community First Bankshares Inc. of Fargo, N.D., will increase the bank’s assets to $75 million from the current $50 million. Depositors will grow to 6,000 from the current 4,000.

Interwest buys Loveland firm

LOVELAND — Interwest Home Medical Inc. of Salt Lake City has acquired Resource Medical Inc. of Loveland.

Resource Medical provides oxygen services to residents of long-term care centers. Interwest also acquired American Marketing Associates of Englewood, which provides home oxygen services. The companies had combined revenue of $1.4 million.

Interwest will fold American Marketing’s operations into its existing operations and will maintain the Loveland operation as a branch.

Atrix signs deal with Block

FORT COLLINS — Atrix Laboratories Inc. of Fort Collins has signed a marketing agreement with Block Drug Co. of Jersey City, N.J., that could bring Atrix more than $50 million over the next five years.

The agreement calls for Block to receive North American and certain European marketing rights to the first three Atrix products for the treatment of periodontal disease.

The first product, the Atrisorb Barrier for Guided Tissue Regeneration, received U.S. Food and Drug Administration approval last March. The Atridox anti-infection treatment for periodontal disease will be submitted for approval in early 1997, and a second-generation product will begin clinical trials in 1997.

Block will assume responsibility for sales and marketing of the products and will provide advice, consultation and financial support for Atrix’s continuing research-and-development efforts.

Voice It names new CEO

FORT COLLINS — Voice It Worldwide Inc. of Fort Collins has named Dennis Altbrandt as its new CEO, replacing Michelle Morgan, who will continue in her role as president.

Altbrandt brings almost 30 years of financial and managerial experience to the company. Morgan will assume additional marketing and sales duties from Patricia Westbrook, who has resigned as vice president of marketing and sales.

Voice It develops and markets personal consumer electronics products that allow users to record personal memorandums in hand-held devices the size of a credit card. The products are sold through about 5,000 retail outlets.

NETdelivery seeks Boulder talent

BOULDER — Internet publishers guaranteeing clients that if they build a Web site, the customers will come may be able to put a little more power behind their promise with NETdelivery Corp., a Fort Collins company establishing a research and development lab at 4900 Pearl East Circle, Suite 109.

NETdelivery, organized in 1995, settled in Boulder because of access to Denver International Airport and to Web-oriented talent.

“The key reason is we know there is talent there we’d love to tap into,” marketing director Deborah Reinert said. “We know some of our programming and product will happen there.”

Five NETdelivery employees will make the move to Boulder, and Reinert said the company is hiring another handful of people to staff the office.

ACT acquires FortNet unit

FORT COLLINS — Applied Computer Technology Inc. has acquired the customer accounts of FortNet Communications, a for-profit subsidiary of the Fort Collins Community Computer Network.

ACT, which manufactures personal computers, also operates an Internet subsidiary, WebAccess. The acquisition makes ACT one of the area’s largest Internet service providers.

ACX to sell Golden Aluminum

ACX Technologies Inc. of Golden has signed an agreement to turn over operation of its Golden Aluminum subsidiary to Crown Cork & Seal Co. of Philadelphia.

Golden Aluminum operates a 220-employee aluminum mill in Fort Lupton. Crown Cork paid a nonrefundable $10 million for a two-year option to buy the company. If the deal goes through, Crown Cork will pay an additional $60 million.

Radish plucked by SytemSoft

BOULDER — Homegrown Radish Communications Systems Inc., founded in 1990 by husband-wife team Theresa Szczurek and Richard A. Davis, has been acquired by Natick, Mass.-based SystemSoft Corp.

Radish shareholders received 2.2 million shares in publicly traded SystemSoft, valued at about $39 million. Radish’s primary product, VoiceView software and hardware, integrates both voice and data transmission over the same telephone line, during the same call.

Behemoth malls descend on area

BROOMFIELD — Power centers, great malls and behemoth shopping centers are descending like tsunami on southern Boulder and Weld counties, with the new Westminster Promenade adding to the competitive retail race emerging in the Denver-Boulder Corridor.

Broomfield is in the early planning stages of receiving both a mega-mall and a discount mall. A 1.1 million-square-foot, regional, value-oriented mall, or discount mall, is being proposed by Virginia developer Petrie Dierman Kughn. The project is being referred to as Great Mall of Colorado and would be located on 125 acres at the intersection of Interstate 25 and Colorado Highway 7 in the northwest quadrant.

Phoenix developer Westcor Co. has proposed an upscale mall at the intersection of U.S. Highway 36 and 96th Street across from the Interlocken business park.

The 82-acre Westminster Promenade, an entertainment-oriented complex at 104th Street and U.S. 36, is moving ahead rapidly.

Superior also has jumped on the mall wagon and has some preliminary plans in motion to build a discount mall anchored with some big-box discount retailers at the intersection of U.S. 36 and McCaslin Boulevard in the southwest quadrant.

EVANS — Weld County Bank, which will become Evans’ only bank, has had its charter approved by the Colorado Division of Banking.

The bank, which will have banking veteran Ed Capra at its helm, will open at the corner of 37th Street and 23rd Avenue in Evans. Early intentions call for a modular facility and eight employees. If all goes well, a permanent facility for the full-service bank is expected sometime in 1998.

Weld County Bank’s charter calls for capitalization of at least $2.5 million. So far, $2.9 million has been raised from approximately 100 shareholders. The bank still must secure approval…

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