NEWS
August 26, 2007
On August 23, 2007, JOSEPH (JOE) HAROLD LAPPEN. Beloved husband of Vicki M. Lappen; loving father of Jay and Evan Lappen; beloved son of Jeri Lappen and the late Sylvan Lappen. He is also survived by other relatives and friends. Family will receive friends on Monday August 27 from 10 A.M. to 12 P.M. at WITZKE FUNERAL HOMES, INC., 5555 Twin Knolls Road, Columbia, where services will begin following the visitation at 12 noon. Interment will be at Crownsville Veterans Cemetery. In lieu of flowers, contributions may be made in his memory to United Network for Organ Sharing (UNOS)
BUSINESS
By Hanah Cho | February 27, 2007
Poor product sales, including that of its Hooked on Phonics brand, and more struggles at its Sylvan tutoring centers widened Educate Inc.'s loss during the last three months of 2006, executives reported yesterday, highlighting the challenges facing the Baltimore company as it works to go private in a management-led buyout. Educate reported an $11 million loss in the fourth quarter. It came a month after executives announced that it had agreed to be acquired by management, including Chief Executive Officer R. Christopher Hoehn-Saric and other investors.
BUSINESS
By Hanah Cho | May 19, 2007
Maryland : Development Cinetic Landis plant set for Hagerstown Cinetic Landis Grinding Corp., a maker of precision grinding systems for vehicles, will build a $10.8 million plant near Hagerstown, company officials said yesterday. The plant in the Newgate Industrial Park along Interstate 81 will employ about 150 people and is scheduled to open in July 2008, the company said. Associated Press Investing Martek moving to S&P SmallCap 600 Standard & Poor's has decided to move Martek Biosciences Corp.
NEWS
September 14, 2007
Sylvan Ribakow, a certified public accountant and former partner in a Baltimore accounting firm, died Wednesday of heart failure at Sinai Hospital. The former Pikesville resident was 90. Mr. Ribakow was born in Baltimore and raised near Easterwood Park in Northwest Baltimore. He was a 1935 graduate of City College and earned a degree in accounting from the Baltimore College of Commerce, now the University of Baltimore. During World War II, Mr. Ribakow, who was classified 4-F by the Selective Service System because of a bad back, was an accountant at Austin Baking Co. in Baltimore.
BUSINESS
By Shanon D. Murray | October 29, 1999
In response to criticism that it is too diversified, Sylvan Learning Systems Inc. said yesterday it will simplify its business as its stock price continued to slide.Shares in the Baltimore-based education company have lost 56 percent of their value since February. Sylvan's shares closed yesterday at $15.1875, down $1.3125.Sylvan also reported a $9.2 million net loss in its third-quarter earnings, which it attributed to the impact of disposing of PACE, its corporate consultant, training and professional development firm that suffered declining revenue after Sylvan acquired it in 1995.
BUSINESS
By Shanon D. Murray | March 24, 1999
Continuing its foray into the overseas market, Sylvan Learning Systems Inc. said yesterday that it has won a $4.5 million contract to provide computerized drivers' tests in Northern Ireland.The Baltimore-based education company announced a similar agreement with the United Kingdom in November to deliver drivers' exams throughout England, Scotland and Wales.Under the five-year contract with Northern Ireland's Driver and Vehicle Testing Agency, Sylvan will operate six testing centers that will administer a computer-based version of the drivers' license theory tests.
BUSINESS
By June Arney | September 25, 1999
Sylvan Learning Systems Inc., the Baltimore-based provider of educational services, announced yesterday that it will spin off its computerized testing service company in order to focus on its tutoring business.Sylvan said it will sell up to 20 percent of Prometric Inc., which offers more than 2,400 kinds of tests to more than 170 clients, by early 2000. The remaining stake of Prometric will be distributed to Sylvan shareholders by next fall if the Internal Revenue Service rules that such a distribution is tax-free and no adverse business or market conditions exist for Sylvan or its stockholders.
BUSINESS
By Shanon D. Murray | April 9, 1999
Sylvan Learning Systems Inc. said yesterday that it signed a definitive purchase agreement to acquire 54 percent of the Universidad Europea de Madrid, a for-profit university in Spain, for $51 million.The Baltimore-based educational services company also said it completed a management agreement allowing it to assume operating control of the university, effective earlier this week.The acquisition, which was announced in January, should close in the second or third quarter of this year, Douglas L. Becker, the company's president and chief executive, said in a conference call yesterday with analysts and reporters.
BUSINESS
By Sean Somerville | April 1, 1999
In a bid to get into the classroom, Sylvan Learning Systems Inc. of Baltimore said yesterday that it will use school computer labs being built by a California-based start-up company to launch Internet teaching and testing programs.Sylvan also said it has made an unspecified investment in the company, San Roman, Calif.-based ZapMe! Corp. The privately held company has built computer labs in 90 schools in about a dozen states since October. It plans to have labs in 2,000 schools by the end of the year.
NEWS
By Mike Bowler | February 18, 1999
Baltimore's major volunteer organization announced a drive yesterday to collect 25,000 new and 25,000 "gently used" books to fill the barren shelves of city school libraries.The drive will end with a "serv-a-thon" April 17, when volunteers will spend the day helping to sort and catalog the books, said Jennifer Wittman, executive director of Hands On Baltimore, the city's "volunteer central."Twenty-seven of the city's neediest school libraries, serving about 15,000 pupils, will receive the new books, Wittman said.