Distributor News

FICO, the leading provider of analytics and decision management technology, today announced the results of its quarterly survey of bank risk professionals.

Senate Minority Leader Mitch McConnell announced this morning that Republicans will block any legislation from coming to the Senate floor until two key economic issues are addressed: funding the government (the “continuing resolution” which must pass to prevent a government shutdown) and the extension of the Bush-era tax cuts.

Westbury, New York-based promotional products distributor Motivators Inc. announced its collection of food will be donated to Island Harvest, Long Island’s largest hunger relief organization.

Austin, Texas-based Promo Labs, creators of smart technology that improves sales and marketing results for promotional products distributors, announced the official launch of a new company. Promo Labs is new industry-specific software company created to offer select components of the technology that enabled Boundless Network to become one of the industry's fastest-growing distributors.

Larson Electronics expanded its facility to accommodate a larger inventory of the explosion proof lighting for hazardous location use. Featuring portable, hand held and tripod mount Class 1 and Class 2 rated lighting, magnalight.com offers operators ‘rent to own’ flexibility and global shipping for their rental lights.

Cleveland-based Proforma is pleased to announce positive third quarter results. The company set a new record for the number of quarterly orders/billings at 110,060. In addition, Proforma generated nearly $84 million in system-wide sales, a 15 percent increase over 3Q 2009 and most notably a 10 percent increase over 3Q 2008.

Imagine if all companies behaved as if they really had customers’ best interests at heart? Wouldn’t it be something if advertisements were always sincere, minus the double-speak, fine print, and lip service?

Contract negotiations with the American Postal Workers Union, AFL-CIO (APWU) and the National Rural Letter Carriers Association (NRLCA) expired at midnight Sat., Nov. 20. While negotiations with the NRLCA resulted in an impasse, the Postal Service and the APWU agreed to extend the negotiation deadline until Tue., Nov. 23 at noon ET.

Newton, Iowa-based Newton Manufacturing announced it has formed an alliance with industry veteran Ted A. “Bump” Davies, Jr., as part of their strategic growth initiative. Davies will be providing innovative resources and creative campaign development to Newton’s distributor representatives, while maintaining his agency, Paradigm Partners, and other resellers he works with.

The U.S. Postal Service more than doubled its losses in fiscal year 2010, despite cutting billions of dollars in expenses and trimming its staff.