Offshore Bank Account Opening

The Center for Innovative Technology (CIT) announced today that Karen Booth Adams and Don Rainey have been appointed to the Board of Directors of its parent authority, the Innovation and Entrepreneurship Investment Authority (IEIA).Peter Jobse, CIT President and CEO, said, "We are honored to have Karen Booth-Adams and Don Rainey on our Board of Directors. Their experience and knowledge in company formation will be a tremendous asset as CIT continues to aggressively engage in commercialization and seed-stage funding activities that are fueling the growth of emerging technology companies across Virginia."
Karen Booth Adams, of Richmond, Va., is the CEO of Hot Technology Holdings, an investment group that has launched 10 successful businesses in Richmond since 1993. She served as CEO for many of those companies and has led seven successful exits for the group. Adams currently advises Hot Technology's management teams on strategic planning, operations management and M&A. Her diverse ventures include software services, internet strategy and technology consulting, online retail, financial consulting, legal and e-discovery services, and social media marketing. She is a founding partner in firms such as Ironworks Consulting, Create Digital, Fahrenheit Technology, Genesis Consulting, PoshTots, PartnerJD, and others.
In addition to her business experience, Adams also serves in many philanthropic, community, government and education organizations. In 2006, she established a childrens' health and education fund, and is a frequent speaker on the subject of entrepreneurship. She currently serves on the Board of The Community Foundation, University of Richmond's Robins School Executive Advisory Council, Governor McDonnell's Advisory Council on Revenue Estimates, and the Board of Directors for The World Pediatric Project and RichTech.Don Rainey, of McLean, Va., joined Grotech Ventures as a general partner in September 2007 and currently serves on the boards of Grotech portfolio companies Clarabridge, GramercyOne, HelloWallet, LivingSocial, Personal, SnappCloud, and Zenoss. Rainey is a strong proponent of commercialization and education, and is currently an emerging technology consultant to the Chief Information Officer of the U.S. Department of Defense (DOD) through the DeVenCi Program, which is tasked with researching and nominating companies to solve the DOD's unmet technology needs.

THE signing of an agreement between the Central Bank of Myanmar and Tokyo Stock Exchange later this month will bring the country a step closer to the formation of a capital market, sources say."The Central Bank of Myanmar [CBM] will sign a memorandum of understanding with Tokyo Stock Exchange [TSE] and Daiwa Institute of Research Ltd at the end of this month regarding the establishment of a securities exchange and capital market. The signing will take place around May 29," said a source close to the process.
TSE announced in April that it had reached an agreement with the Central Bank to sign the agreement.Myanmar started developing a capital market in the 1990s as part of its transition to a "market-oriented economy" but the process quickly stalled for a number of reasons, most of which were related to the lack of a legal framework.However, the source said that under the agreement TSE would help the government establish rules and regulations to govern the stock exchange."TSE will also help train local people on things like operating a stock exchange, formation of market design and the share trading system," he said.
U Soe Thein, the executive director of Myanmar Securities Exchange, a joint venture between Daiwa Institute of Research and Myanmar Economic Bank, said that while the technical support of foreign partners was necessary there were still many issues that the country needed to address on its own."For example, we must finish enacting the Securities Exchange Law, its by-laws and other necessary rules and regulations.Lemhi Soil & Water Conservation District will be restructuring an irrigation system.We must drive the formation of public companies; these are the core of a securities market," he said.
"Private companies have started considering going public. But in practical terms, the current situation and business atmosphere are not favourable enough for going public."The mechanism for business company supervision is lax," he said, adding that "loose" accounting standards led to widespread tax avoidance. "Companies like this have no chance to go public. The majority of our businesses are still also weak in terms of corporate governance and corporate culture. We must start solving these barriers."
"TSE will participate in the establishment of Myanmar's first securities exchange, utilising its knowledge as a securities exchange with the world's top-level of listed companies and trading volume. By providing its experience and technological expertise regarding the operation of a securities exchange market, TSE will work to create a fund-raising venue which is vital to corporate growth, while also focusing on investor education to promote market depth, and aiming to develop the securities market overall," a message on the website said.

Lemhi Soil & Water Conservation District will be restructuring an irrigation system in the Lemhi River Valley to improve water flows and remove barriers for the passage of threatened and endangered fish on Lemhi Little Springs Creek. The project includes the elimination of a 7-mile irrigation lateral ditch and the closure of three irrigation diversions and the piping of water through a livestock feeding operation to prevent corral runoff from entering nearby springs. The Lemhi Soil & Water Conservation District is a locally elected board which promotes agriculture and the conservation of natural resources.
The Morgan Creek Cattle Association will be constructing 2 miles of wildlife-friendly fence along Morgan Creek to improve water quality and fish habitat. The Association is proposing to use the local Youth Employment Program, Inc. to do the work. The Youth Employment Program is a non-profit corporation created to foster an atmosphere of educational development, and provide employment opportunities for young adults in local communities.Lemhi County Economic Development Association will conduct a baseline inventory of fish habitat and watershed resources for the Salmon River along the City of Salmon. The Lemhi County Economic Development Association seeks to expand and enhance the economic viability of Lemhi County through developing partnerships, building infrastructure, and supporting initiatives that bring resources to the community.
The CAP is a result of an agreement made three years ago between the Idaho Conservation League and Formation regarding the Idaho Cobalt Project, located 20 miles west of Salmon. The underground mine is being designed and bonded to have no long term impacts on water quality in the area. The CAP fund is separate from planned reclamation at the mine site.A number of federal funds are available for restoration projects in this area, but they are limited by matching money from private sources. CAP funding will help leverage one to three times the grant amount for most projects, amplifying the benefits.
Management of both organizations are very grateful to former four-term Idaho Governor Cecil D. Andrus in helping them work together to focus on common interests to the ultimate benefit of the people of Idaho. Governor Andrus, a member of Formation's Board of Directors and a strong supporter of the Idaho Conservation League, commented, "The Conservation Action Program is just the type of win-win situation that can happen when folks start working together. This program showcases the Idaho Conservation League's common-sense approach to conservation and Formation's firm commitment to environmental stewardship."