Shirt factory proposalA Washington developer has proposed...

BUSINESS DIGEST

October 18, 1994

Shirt factory proposal

A Washington developer has proposed setting up a shirt factory in three former Waverly Inc. buildings in Baltimore, and is seeking favorable lease terms on the city-owned property.

Erik J. Rucker, chief executive officer of the start-up company Urban Textile Group Inc., says the operation could employ up to 450 people by early 1996. He says he has submitted a proposal for the buildings to the city on Sept. 23 and expects to have a response by Nov. 3.

Waverly, a medical publishing firm, sold the three buildings, on Guilford Avenue, Preston Street and Hunter Street, to the city as part of a deal for the company to move its operation to the former B&O Warehouse at Oriole Park at Camden Yards by June 1995.

Hotel franchise agreement

Choice Hotels International announced yesterday that it has reached an agreement with Friendly Hotels PLC that will boost the hotel franchiser's presence in Europe. Under terms of the agreement, all 27 Friendly hotels in Britain, Denmark and France will become Choice franchises for 10 years beginning in November.

Choice Hotels, with more than 3,200 hotels and resorts in 34 countries, is a subsidiary of Silver Spring-based Manor Care Inc.

Direct marketing prize

TBC Direct, a unit of Baltimore ad agency Trahan, Burden & Charles Inc., recently won national honors for its work on behalf ,, of the Baltimore NFL Expansion Committee.

TBC's campaign to sell season tickets for a would-be Baltimore NFL team took the best-of-show Diamond ECHO award in competition sponsored by the Direct Marketing Association. TBC's campaign helped to generate more than $8.5 million in season-ticket deposits.

Ideas Inc. sells units

Ideas Inc., a Columbia-based telecommunications company, said yesterday that it has agreed to sell its federal government business units to Science Applications International Corp. of San Diego. Under the letter of intent signed by SAIC, the acquisition will be completed within 30 days if the deal receives regulatory approval.

The Ideas units SAIC is acquiring, which employ more than 250, make up about two-thirds of the company's lines of business.

Micros reports earnings

Beltsville-based Micros Systems Inc. yesterday reported first-quarter net income of $3.04 million, or 38 cents per share, up 50.7 percent over the same period last year. Revenue was a record $24.47 million in the quarter, which ended Sept. 30, up 49.3 percent.

Shares in Micros rose 75 cents yesterday, to close at $31.25.

@

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.