june denton business chronicle 2011

2

Jun.11

DentonBusinessChronicle

Career Advancement5-1

Freese and Nicholsacquires area firm

Consulting firm Freese andNichols Inc. recently announcedits acquisition of Richardson-based engineering firm Nicol &Associates Inc., which primarilyworks with the oil and gasindustry.

With a staff of 450 employees,Freese and Nichols providesengineering, architecture, envi-ronmental science, planning andprogram management servicesto municipal and county govern-ments throughout Texas, waterdistricts, the U.S. government,higher education and the energyindustry.

Locally, Freese and Nicholshas been awarded numerouscontracts — among them, toplan bicycle lanes and widenMayhill Road in Denton, and todesign a pedestrian bridge andother improvements to ElmFork Trail in Corinth.

The firm established itsDenton location in 2005 at2220 San Jacinto Blvd., Suite330.

5-2

University seekingbrand, new image

The University of North Texasis looking into changing itsbranding and public perception.

Last fall, President LaneRawlins appointed a council toreview the university’s brandingand public perception, but hewas not pleased with the results.So, in February, the universitybegan seeking proposals fromfirms for a new branding initia-tive and began reviewing themin March.

In the request for proposals,the university sought four com-ponents: brand platform devel-opment and implementation,football stadium promotionsand marketing, evaluation anddevelopment of new and socialmedia and evaluation and devel-opment of news services.

The university went through abranding campaign six years agoat a cost of $149,638. Then, thegoal was to have a consistent

message through a new set oflogos.

5-6

Housing values up from last year’s figures

Preliminary tax rolls showDenton County property to beworth nearly 3 percent morethan the preliminary numbersfrom 2010.

Denton Central AppraisalDistrict officials say the increaseis due to new growth, with thebulk of it from apartment devel-opments.

In Denton, where certifiedvalues declined last year for thefirst time in nearly two decades,the preliminary values lookpromising, said Bryan Langley,the city’s chief financial officer.

Denton’s total preliminaryvalue of nearly $7.04 billion ishigher than last year’s certifiedvalue of $6.23 billion. Still,Langley is projecting a 2 percentdecline in property values forthe next budget year, whichstarts in October.

5-8

Devon Energy seesearnings decline

Devon Energy — the largestproducer in North Texas’Barnett Shale region — reporteda decline in earnings during itsfirst quarter, attributing the lossto lower natural gas prices andnoncash losses of $254 million,according to a May 4 newsrelease.

The company reported earn-ings of $416 million or 97 centsper share during its first quarterending March 31. This comparedto $1.2 billion or $2.66 a sharejust a year earlier. Still, net pro-duction from the Barnett Shaleexceeded 1.2 billion cubic feet ofnatural gas equivalent per day.

Devon Energy accounts formore than 20 percent of Barnettproduction and has an estimat-ed 7,500 potential drilling loca-tions, the release stated.

Local Marriott receivesguest service award

Marriott International Inc.

recently honored the Courtyardby Marriott Denton with thePlatinum Award for outstandingguest service in 2010.

Out of 800 hotels in itsbrand, the Denton hotel placedsecond, receiving the recognitionfor maintaining a 91 percent orhigher score for service andoverall satisfaction from itsclients.

The hotel, which is located at2800 Colorado Blvd., was recog-nized during Marriott’s GeneralManagers Conference inIndianapolis in March.

5-11

Companies seek partnerin mall renovations

Two Dallas-based companiesare asking for help from the cityof Denton as they consider apotential purchase and majorrenovation of Golden TriangleMall.

Representatives of TheMGHerring Group and TheWeitzman Group appearedbefore the Denton City Councilon Tuesday to offer a broadoutline of the project and apublic-private partnership thatwould help fund it. CencorRealty Services and TheWeitzman Group have beenoverseeing Golden TriangleMall with plans to revitalize theproperty and bring in morename-brand retailers. TheDallas-based sister companieswere hired to manage theDenton mall and handle leas-ing as of Sept. 1 by JPMorganChase & Co., which purchasedthe mall after foreclosure pro-ceedings in July.

The 31-year-old mall, with its765,000 square feet of retailspace, was built in 1980 and hasserved as a main retail hub inthe city.

5-12

TCEQ levies $9,000fine against Williams

The Texas Commission onEnvironmental Qualityapproved a $9,000 fine againstWilliams Production-Gulf Coast

Paul Whatley, an orthopedicsurgeon at Texas HealthPresbyterian Hospital Denton,was honored with thePhysician’s Award at the Dallas-Fort Worth Hospital CouncilFoundation’sannual lunch-eon, held April26 at the IrvingConventionCenter.

The awarddrew swiftpraise fromStan Morton, president of TexasHealth Denton.

According to his website,Whatley completed medicalschool at Georgetown UniversitySchool of Medicine inWashington, D.C. He completedhis internship at MethodistUniversity Hospital in Memphisand his orthopedic surgery resi-dency in the same city at theUniversity of TennesseeCampbell Clinic, one of theworld’s first orthopedic surgeryresidency programs.

Whatley joined the TexasHealth Denton medical staff inAugust 2008.

Walter McMullin and GarryHerron recently joined Sanger-based D&S Engineering Labs astechnical consultants to thefirm’s Sanger and Fort Worthoffices, respectively.

McMullin will focus on quali-ty control and training and willwork directly with the owners ofthe company, Judson Shermanand Charles Davis III. Herronwill consult on materials, aggre-gate business, training and edu-cation.

McMullin founded two othersuccessful engineering labs dur-ing his 50-year career —Lubbock Labs Inc. in 1971 andMaxim Engineers Inc. in 1979.Prior to joining D&S

Engineering Labs, he served asquality control consultant forFugro Consultants Inc., a globalgeoengineering company.

�

Gary Henderson, CEO of theLewisville-based nonprofitgroup Communities in Schoolsof North Texas,has been hiredto lead the Uni-ted Way start-ing this month,according to aMay 24 newsrelease. Hereplaces formerUnited Way leader Lilia Bynum.

The United Way board ofdirectors voted May 19 to offerthe job to Henderson after con-sidering 70 applicants and fivefinalists, said Caleb O’Rear,board chairman.

Since 2003, Henderson hasled the local Communities inSchools, part of a nationwidenetwork of programs servingstudents at risk of dropping outof school. Before that, he had a17-year business career as a sen-ior manager at Price Water-house and a senior vice presi-dent at Bank of America.

�

Jayne Howell was recentlynamed managing broker of theReal T Team in Denton.

Howell, anactive commu-nity volunteer,has been part ofReal T Team formore than nineyears. Howellalso serves assecretary/treas-urer of the Greater Denton/Wise County Association ofRealtors and is the chairwomanof the Texas Real Estate PoliticalAction Committee for Dentonand Wise counties.

Howell holds her brokerlicense, is an accredited buyer’srepresentative and has earnedthe Graduate Realtor Institutedesignation.

The Denton BusinessChronicle accepts your CareerAdvancement news by the firstof the month. Send news itemsto [email protected].

Monthly News Roundup

Whatley

McMullin Herron

Henderson

Howell

| CONTINUED ON PAGE 15

3

Jun.11


IndexJonathon Fite | 4Other Enterprising

Voices | 7, 11Career

Advancement | 2Mixers | 8, 9, 11Monthly News

Roundup | 2, 15-17Vital Statistics

| 16, 19-23

Who to contactDawn Cobb Managing Editor

940-566-6879 | [email protected]

Sandra Hammond Advertising Director940-566-6820 | [email protected]

Shawn Reneau Advertising Manager 940-566-6843 | [email protected]

On the cover

June 2011 Contents |

June 2011 | Vol. 7, No. 4

Publisher: Bill Patterson

The contents of this free publication arecopyrighted by Denton PublishingCompany, 2011, a subsidiary of A.H. BeloCorp. (www.ahbelo.com, NYSE symbol:AHC), with all rights reserved.Reproduction or use, without permission,of editorial or graphic content in anymanner is prohibited. Denton BusinessChronicle is published monthly byDenton Publishing Company, 314 E.Hickory St., Denton, TX 76201. E-mail:[email protected]

iStock illustration

Calendar of EventsAltrusa International Inc. of Dentonmeets for its monthly dinnerand program at Vigne WineShop & Deli, 222 W. Hickory St.Cost is $10 per person. Call940-387-5031 or visitwww.altrusadenton.org.

Tuesday, June 28, 6:30 p.m.

Association of Business ContingencyPlanners, North Texas Chapter has itsmonthly luncheon at Boy Scoutsof America, 1325 W. Walnut HillLane in Irving. Cost is $35 perperson. Visit http://northtx.acp-international.om/Meetings.htm.

Tuesday, July 12, noon

Aubrey Chamber of Commerce meetsat the Prairie House Restaurantat 10001 E. U.S. Highway 380in Cross Roads. Cost is $12 perperson. Reservations arerequired. Call 940-365-9781 ore-mail [email protected].

Wednesday, July 13, 11:30 a.m.

Coffee Club and Investment Perspectivehosted by financial adviserKathy R. Bauer of Edward Jonesat 2925 Country Club Road,Suite 101A, in Denton. Call 940-382-0280.

Thursday, June 16, 9 a.m.


Denton Black Chamber of Commercemeets at the Denton HousingAuthority, 1225 Wilson St.

Tuesday, July 12, 6 p.m.

Denton League of United LatinAmerican Citizens No. 4366 meets atEl Chaparral Grille, 324 EMcKinney St.

Saturday, June 18, 8:30 a.m.

Denton Planning and ZoningCommission meets in the councilchambers at City Hall, 215 E.McKinney St.

Wednesday, June 22, 6:30 p.m.

Wednesday, July 13, 6:30 p.m.

Hickory Creek Planning and ZoningCommission meets at HickoryCreek Town Hall, 1075 RonaldReagan Ave.

Wednesday, July 6, 7 p.m.

Home Builders Association of GreaterDallas, Greater Denton Division hasits monthly meeting and lunch-eon at the Prairie House restau-rant, 10001 U.S. Highway 380in Cross Roads. Cost is $15 forassociates and builders withreservations and $18 for walk-ins. Call 940-383-0853.

Tuesday, June 28, 11:30 a.m.

Krum Chamber of Commerce holds itsmonthly meeting at NorthstarBank, 1101 E. McCart St. inKrum. Call 940-482-6093.

Thursday, July 7, 6:30 p.m.

Lake Cities Chamber of Commercemeets for coffee at Corinth CityHall, 3300 Corinth Parkway,and Re/Max Lake Cities, 3960FM2181, Suite 100 in HickoryCreek.

Wednesday, June 22, 7:15 a.m. in

Corinth

Wednesday, June 29, 7:15 a.m. in

Hickory Creek

Wednesday, July 6, 7:15 a.m. in Corinth

Wednesday, July 13, 7:15 a.m. in Corinth

Lake Cities Netweavers business net-working group meets at theIHOP restaurant off Interstate35E in Hickory Creek. Cost is$12 and includes breakfast. E-mail [email protected].



Thursday, July 7, 8 a.m.

Thursday, July 14, 8 a.m.

Lake Dallas 4A Economic DevelopmentCorp. meets at Lake Dallas Muni-cipal Complex, 212 Main St.

Monday, July 4, 7 p.m.

Lake Dallas 4B CommunityDevelopment Corp. meets at LakeDallas Municipal Complex, 212Main St.

Monday, July 11, 7 p.m.

NAACP, Denton County Chapter meetsat the Denton HousingAuthority, 1225 Wilson St.

Thursday, July 14, 7 p.m.

SCORE, the Service Corps of RetiredExecutives, offers free manage-ment counseling for prospectivenew business owners or existingbusinesses in trouble.Confidential, one-hour counsel-ing sessions are available byappointment every Wednesdayat South Branch Library, 3228Teasley Lane. Call 940-349-8752.

Wednesday, June 22, 9 a.m.

Wednesday, June 29, 9 a.m.

Wednesday, July 6, 9 a.m.

Wednesday, July 13, 9 a.m.

Small Business Breakfast meetingsponsored by the NorthCentral Texas College SmallBusiness Development Centerat the Denton Chamber ofCommerce building. A lightbreakfast is provided. Call940-380-1849.

Tuesday, July 12, 7:15 a.m.

Women Business Owners of DentonCounty will hold its monthlyluncheon at Oakmont CountryClub, 1901 Oakmont Drive inCorinth.

Tuesday, July 5, 11:30 a.m.

Please tell us about your event or

meeting by e-mailing Karina Ramírez

at [email protected], by fax at

940-566-6888; or by mail to DBC

Calendar, Denton Record-Chronicle,

314 E. Hickory St., Denton, TX 76201.

She also can be reached at

940-566-6878.

“You might think short-sellingis easy, but it’s not. … Every-thing we’ve ever thought aboutshorting worked out eventually,but it’s very painful. It’s a wholelot easier to make money on thelong side. You can’t make bigmoney shorting because the riskof big losses means you can’tmake big bets.”

— Warren Buffett,Berkshire Hathaway’s 2001

shareholder meeting

The cautious tone of thiscolumn over the past sixmonths or so has

sparked some feedback from ourinvestor community, often sur-rounding a common theme. Ifthe Federal Reserve’s moneyprinting (“quantitative easing”)activities have driven speculators

to bid up the prices of stocks,commodities and certain cur-rencies, and bargains havebecome more rare, might we seea correction when the moneyprinting stops? And if so, shouldwe be protecting our portfoliosby shorting these overvaluedassets?

These are interesting ques-tions. Let us explore theirunderlying elements in turn.

As many of you know, lastsummer Federal ReserveChairman Ben Bernankeannounced to the world his fearof deflation, saying the economyneeded another round of moneyprinting. The hope was thisinjection would spur a “moder-ate” dose of inflation. In whathas since been called Quantita-tive Easing 2 (QE2), the gooddoctor’s plan included roughly$600 billion in new moneyprinting, with an additional$200 billion to $300 billionrollover of monies printed inQE1 that would be expiring overthe course of the year. So, effec-tively, that’s roughly $800-$900billion of new money printing.

With our current administra-tion and Congress running upannual deficits more than $1.5

trillion, and foreign countrieslike China and Japan only soak-ing up $700 billion or so of thenew debt required to fund thisdeficit, it is interesting to noteQE2’s size roughly spans the dif-ference.

Whether deflation was a realthreat or not, it is clear our cen-tral bank back-stopped ourpoliticians in late 2010 and early2011, while encouraging specu-lators to move out of cash andinto riskier assets — driving uptheir prices. The problem is nowthis: What happens when QE2ends in a few weeks?

A case can be made thattraders will head to the sidelines,and the rise in asset prices wehave seen over the past yearmight take a breather, if notreverse a bit. If you believe this

could happen, you might won-der if there’s any way to profitfrom such an event. One possi-bility could be to “short” high-flying stocks, commodities orcurrencies.

Most are familiar with theprocess of “going long” — that is,buying some asset at a low pricewith the intention of holding itor at least selling it later at ahigher price. Shorting is thisprocess in reverse. In effect, ashort-sell is a bet that a stock’sprice will fall.

To short a company, you go toyour broker and ask to borrowsomeone’s shares. (A quickaside: With interest rates reallylow, the interest you have to payto borrow shares today is alsolow, which drives down theopportunity cost for this trans-action.) Once you have bor-rowed the shares, you can sell

4

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Enterprising Voices

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Jonathon FITE |

FITE | CONTINUED ON PAGE 10

5

Jun.11


Employees often get so wrapped up in whatneeds to get done that they seldom think abouthow they do it. No matter how large or small thecompany, workflow affects productivity andone’s bottom line. Denton-area business ownersneed a simple solution to hang their hat on, andNovaCopy can help.

NovaCopy, founded in 1998, is an

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businesses streamline their office workflow and propose viable solutions

to effectively manage information.

“Our solutions and services are geared to help our Denton-area cus-

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NovaCopy. “By providing a cost-effective and environmentally responsi-

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NovaCopy’s award-winning customer service solutions are an important

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“Good customer service is a lost art,” said Greer. “People often use tech-

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One new technology-enhanced customer service solution is

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� Know how much money you arespending on your office workflow. Officeexpenses can add up quickly. Paper,printers and office supplies canresult in high monthly costs if notclosely monitored. Although thesecosts are attributable to the cost ofdoing business, there is no reasonthey can’t be controlled.� Your equipment purchases shouldmatch your need. Depending on thesize and scope of your business,choose the equipment and officesolutions that best suit your needs.Remember, instead of relying solely onpurchase price, look at the total cost

of ownership for any office equipment— what it costs not only to buy, butalso to run the device over the courseof its lifetime, factoring in service,replacement parts and supplies. Thecheapest solution may not always bethe best long-term choice.� Investing in a high-quality officecopier is more cost-effective than usinga printer. Comparing cost-per-page,printer ink and toner is, by far, moreexpensive than copier toner. Allowdesktop printing only for very limitedvolumes. Make the default printer theoffice copier.� No more paper records. Consider

moving to digital recordkeepinginstead of printing everything.Digitizing records and documentsfrees up office space, which can thenbe used for other purposes.� Office supply discounts go a longaway. Most office supplies are pur-chased, when needed, from anywhereclose to the office. While it may seemlike a good idea at the time, is it reallycost-effective? Consider purchasingyour office supplies from stores thatoffer next-day delivery. Many times,businesses can receive free shippingon orders over a certain dollaramount.

QUICK TIPS TO IMPROVE YOUR OFFICE WORKFLOW

Doctors on the medical staff practice independently and are not employees or agents of the hospital. © 2011

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On Nov. 5, 2002, Dentonvoters agreed tobecome part of the

Denton County TransportationAuthority and to fund transitcosts through a portion of theirsales taxes.

Eight years, seven months, 13days (give or take a few February29ths) may seem like a long waitfor a train — but who’s count-ing?

Seriously, DCTA did aremarkable job in a very shorttimeframe. On June 18, we willcelebrate the arrival of passengerrail service from downtownDenton to Carrollton, whereDCTA will connect with DallasArea Rapid Transit services.DCTA has a full day planned,with ribbon-cuttings, music and

fun activities at all the transitstations. It will be a great eventfor the whole family, and Iencourage everyone to come andride the train for free.

We believe that downtownDenton will benefit tremendous-ly from the increased traffic.Developers and business ownersthink so, too. Have you seen thenew restaurants, town home

and apartment complexes andother businesses openingaround the Square in the lastcouple of years? They’ve beenanxiously awaiting the opportu-nity to serve their new transitcustomers.

The city is in the early stagesof designing new sidewalks thatwill allow passengers to walksafely from the downtown sta-tion to the Square. The process istaking longer that we had hoped,but a lot goes into building asidewalk. We had to look at theintersection of Bell Avenue andHickory Street to ensure itsdesign accommodates the largeturning radiuses of buses.

This work was included in adowntown traffic impact studythat was performed as a result of

city’s Downtown Implemen-tation Plan, approved by the CityCouncil last summer. City andprivate utilities also had to beimproved or moved. When con-struction is complete, we wantto be sure we’re not tearing upthose new sidewalks to replaceutilities any time soon.

It seems it will be a few moremonths before we see the side-walks under construction, butjust like the train, we will begrateful for them when they’re

here and being utilized.And maybe eight years, seven

months and 13 days from now,we’ll be telling our kids andgrandkids, “I remember whenthe train came to Denton.”

LINDA RATLIFF is thedirector of economic develop-ment for the city of Denton.She can be reached at 940-349-7774. Her e-mail address [email protected].

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Denton Kiwanis ClubDenton Kiwanis member Dr. Dale Peters was named the group’s lay person of the year at a May 9 recep-tion held at Denton Good Samaritan Village. Peters has been a member of the Denton Kiwanis for 51years, and is a past club president and past lieutenant governor for Division 8.

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Women business leaders shared their personal experi-ences during the second Women in Commerce confer-ence May 6 to suggest ways to succeed in the businessworld. The conference, hosted by the Denton Chamberof Commerce, Texas Woman’s University School ofManagement and Sally Beauty Supply, targets womenin all areas of business, from longtime entrepreneurs toyoung women entering the workforce. More than 200people attended the conference in TWU’s HubbardHall. Guest speakers included Judy Hoberman, authorof “Selling in a Skirt”; Donna Galatas and JackieTorres with the Galatas Group; and Mary FrancesHoover, executive director of Susan G. Komen for theCure of North Texas. The next conference is scheduledfor Oct. 28.

CLOCKWISE FROM TOP: Hubbard Hall at Texas Woman’s Universityis packed for the Women in Commerce conference May 6. More than200 people attended the conference.

Jackie Torres, chief operating officer for the Galatas Group

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Women in Commerce

them in the market, hoping theydecline in price, at which timeyou buy them back and returnthem to your broker. You pocketthe difference in what you soldthem for vs. your repurchaseprice.

For example, let’s say youthink Salesforce.com is insanelyovervalued, at 322 times earn-ings. You might sell Sales Forcetoday for the “high price” of$150 per share thinking theprice might fall and you couldbuy it back later at the low priceof $35. In this scenario, youwould make $115 on this trade,or roughly 77 percent.

Not bad.But let’s explore the downside

of this investment and thepotential risk/rewards scenarios.Let’s say Sales Force was a com-plete dud and went bankrupt.The most you could make onthis investment would be 100percent (sell it for $150, “buy itback” for $0, making $150 on$150 = 100 percent).

But so far it hasn’t been adud; it’s been a Wall Street dar-ling. If the principles of valua-tion have become so decoupledfrom the underlying fundamen-tals that people are willing topay 100 times or 200 times or300 times earnings for a compa-ny, there is nothing preventingthis freight train from steamingto even higher, even more irra-tional levels.

While the most you can makeshorting a business is 100 per-cent, your downside is technical-ly infinite — not necessarily therisk/reward scenario I typicallywant to explore, especially in amarket that welcomes the launchof a company like LinkedIn at1,300 times earnings!

But many will argue, even inthe face of these risks, shortingprovides a prudent hedge to a“long-only” portfolio, especiallyif you focus on the four cases inwhich short-selling might makesense:

1. The business is a fraud, a Ponzischeme masked by accounting tricks orbuilt on outright lies. While thesebusinesses are a house of cards,finding them and proving them

to be frauds is hard, hard work.David Einhorn, hedge fundmanager for Greenlight Capital,waged an eight-year short-sell-ing campaign against AlliedCapital. While eventually histhesis was mostly proved out,the resulting returns weremediocre and the effort con-sumed countless hours andimmeasurable mental energy.Even Jim Chanos, famed man-ager of short-only KynikosAssociates, who famously pre-dicted Enron’s downfall, hasdelivered modest returns overthe long run.

2. The business is built on a moun-tain of debt that the underlying opera-tions cannot support. While thesebusinesses may collapse underthe weight of their debt, share-holders, company managers,regulators, customers and sup-pliers are often all incented notto see a company fail. While wehave seen several high-profilebankruptcies in the past fewyears (Lehman Brothers,General Motors, CIT Group,etc.), there are lots of incentivesfor the marketplace to worksomething out, to stave off bank-ruptcy and drive your short posi-tion the wrong way, fast.

3. “Buggy-whip” companies, oncepart of a useful industry that’s nowdying (think newspapers, type-writers or video-rental stores).But even prospective dodos aresubject to going the other direc-tion in an environment wherebuyout firms are running aroundwith lots of free money. Withinterest rates at all-time lows,short positions in companies likeBarnes and Noble (a logicalbuggy-whip company) canexplode upward when someonelike John Malone at LibertyMedia decides to make a buyoutoffer. While your logic may besound, free money is a dangerousincentive for purported turn-around experts to reach forsomething that might wind upkilling your investment thesis.

4. Overvalued stocks. As Buffettelaborated in his statementabove, over the long run, high-flying stocks are likely to eventu-ally come down to earth — it’sjust a matter of time. Manyinvestors have shorted compa-

nies like Netflix, Open Table andSales Force on the premise oftheir overvaluation, only to seethese stocks run much higher,causing lots of pain. We shouldremember John MaynardKeynes’ famous words: “Marketscan remain irrational a lotlonger than you and I canremain solvent.”

On the long side, yourgrounding in value can steadyyour nerves in the face of pricedeclines, especially knowingyour downside is capped. But itis much more painful to stick to

your value-based principleswhen you short because thedownside risk grows with eachnew speculator.

Even with these arguments inmind, from time to time mybusiness partner and I revisitthe merits of building shortpositions to protect our portfo-lio, in effect profiting when stockprices fall. For example, givenwe own some very undervaluedreal estate companies, we haveat times tried to hedge our riskby shorting an overvalued realestate company. But for the

most part, we avoid shorting,preferring instead to use periodsof higher prices to build cashreserves. So, when the sell-offsdo come our way, we can buymore of the businesses we trulywant to own.

Taking this approach may addvolatility to our portfolio, but itallows us to exploit Mr. Marketwhen he gets fearful, and pro-vides a logical, rational frame-work for exiting positions whenthey are richly valued.

If the end of QE2 means wesee a big sell-off over the com-ing months, the companies youhave been waiting to buy maybecome cheap enough. That’swhen the true value investorgoes to work.

JONATHON FITE is a managing partner of KMFInvestments, a hedge fundbased in Denton, and a professor in the College ofBusiness at the University ofNorth Texas. Comments maybe sent to [email protected].

10

Jun.11


FO

FITE | CONTINUED FROM PAGE 4

Enterprising VoicesMany investors have shorted companies

like Netflix, Open Table and Sales Force

on the premise of their overvaluation,

only to see these stocks run much

higher, causing lots of pain.

We should remember John Maynard

Keynes’ famous words: “Markets can

remain irrational a lot longer than you

and I can remain solvent.”

11

Jun.11


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Enterprising Voices

Event to focus on economyThe next chamber mem-

bership luncheon,scheduled for Friday,

June 24, will focus on the cur-rent status of the national econ-omy and what impact it mayhave on local business condi-tions, now and in the nearfuture.

The featured speaker will beDr. Edmond Seifried, executiveconsultant for Sheshunoff Affili-ation Programs and professoremeritus of economics and busi-ness at Lafayette College inEaston, Penn. He received hisdoctorate in economics andbusiness from West VirginiaUniversity.

Also at the luncheon, thechamber’s board chairman, PaulChandler, will give a briefprogress report on recent andpending program activities,services and initiatives. Some ofthe most recent chamber-sup-

ported projects include:� the launch of the Denton

County TransportationAuthority’s A-train service con-necting Denton to Dallas-FortWorth transportation services;

� expansion of Interstate35E; and

� the annual elected officialsreception, scheduled for July 13,in cooperation with the Dentonblack and Hispanic chambers.

We’re also in the process ofselling advertising space for thenext edition of our city map.

Area company CommunityMatters Inc. produces both thechamber’s map and communityresource magazine, both ofwhich are also made availableonline. This map is supplement-ed with exclusive advertising bymembers of the Denton cham-ber. A total of 20,000 glossy,four-color maps will be printed,7,500 of which will distributedthrough the chamber office.

Buffet lines will open at 11:30a.m. at the UNT GatewayCenter. The luncheon sponsor isNorthstar Bank. Tickets cost$25 per person and can be pur-chased at the chamber office,414 West Parkway St., or by call-ing 940-382-9693 or [email protected].

CHUCK CARPENTER ispresident of the DentonChamber of Commerce. He canbe reached at 940-382-9693 [email protected].

Chuck CARPENTER |

Business Mixers

The 26th class of Leadership Denton graduated April 29. As part of the class, participants completed a group project. Thisyear’s project involved archiving 25 years of Leadership Denton orig-inal exhibits, and developing a new and interactive organizationwebsite complete with an online application.

Graduates of Leadership Denton’s 26th class are: Mike Boyle, KolacheHaven; Mike Brucia, Double M Vending Inc.; David Carles, Cafe DuLuxe; Donna Coleman, Texas Health Presbyterian Hospital Denton;Alyson Gregory Richter, attorney; Will J. Lewis, James WoodAutopark; Glen P. McKenzie, DATCU; Patrick O. Mercer, Denton StateSupported Living Center; James T. Parker, PointBank; Dee DeePeterson, DATCU; Mark B. Taylor, U.S. Aviation; Liz Seibt, SpringbokAcademy Inc.; and Mike Upshaw, attorney.

Leadership Denton

12

Jun.11


Cover Story

Denton drivers takeadvantage of gas pricesthat recently fell an aver-age 20 cents.

Photo by Barron LudlumRunning on empty

Mark Fearing has to budgetjust to afford gas to get to hisdaily doctor appointments.

Bette Sherman and her hus-band have stopped takingimpromptu vacations to theirsecond home in New Mexico.With gas prices as high asthey’ve been — approaching $4a gallon in the Denton area thisspring — planning is a must.

High gas prices affect anyonewho drives — but especially thosemaking summer travel plans. In a

recent poll conducted by AAATexas, nearly 60 percent of thosewith summer travel plans saythey’re taking a financial hit else-where in order to afford the trip.Nearly 7 in 10 Americans say it’simportant to take a vacation,according to a recent Gallup poll,even though they’ll be payingmore for that privilege this year.

This drive to “get away” isn’tgoing away in the face of highgas prices.

Times are tough; Americans

are pinching their pennies andtaking fewer vacations. But inorder to pay for that one big trip,they’re forgoing other luxuries —eating in restaurants, buyingnew clothes, going to the movies— activities that reflect a coun-try’s economic health.

“It’s definitely a financialstrain because now you have toreassess everything,” said NicolePolite, a financial analyst inBaltimore. “We don’t go out asmuch. That $20 that we could

have used to go to a movie —now that money has beenabsorbed by the gas tank.”

NO WEEKENDS AWAYD’Lynn Ewing and her family

won’t be taking their usual sum-mer trips to see relatives inHouston, Kerrville and SanAntonio because of high gasprices.

Her family doesn’t usuallytake a big summer vacation —rather opting for short, but fre-quent, weekend trips — buteven those are too expensivenow.

“With the prices of fuel,” shesaid, “you can’t do those week-end trips.”

The 47-year-old homemaker

— who drives a pickup withpoor gas mileage that she needsto haul feed — said her family’sopting for just one big trip thissummer. They’ll visit Ewing’soldest son, who is stationed atFort Myer in Virginia.

“I prefer to drive because yousee more of the country,” Ewingsaid. She has a practical reasonfor driving, too: She’s bringingher son’s belongings home withher, things he can’t take withhim when he’s stationed inHawaii next year.

Hawaii’s another reasonbehind Ewing’s trip to Virgin-ia.

Next year, no matter howmuch gas costs, she won’t havethe option of driving to see him.

D’Lynn Ewing is skipping the occasional weekendtrip this summer so she and her family can afford asingle big trip in July.

By Rachel Mehlhaff

13

Jun.11


DAY TO DAYMark Fearing’s health

depends on his being able toafford gas.

“My situation is different frommost people because I’m dis-abled,” said Fearing, who uses awheelchair and relies on a care-taker to drive him to his dailydoctor appointments. Fearing’svan, specially outfitted for hiswheelchair, is a gas guzzler, andhe reminds his driver to “gosparingly on the gas.”

“I’ve had to save just to getout and do things I normallydo,” Fearing said.

Being in a wheelchair makesplane travel difficult, so whenthe 47-year-old writer wants totravel long distances, he usuallytakes his van. Fearing alsoenjoys long weekend trips toTurner Falls, Lewisville Lake,Ray Roberts Lake and LakeTexoma.

“I like going to Lake Texoma,”he said. “And I would probablyget up there more if gas wasn’tso expensive.”

CUTTING BACKUp until this year, Bette

Sherman, 63, and her husbandhave been pretty fortunate. Anytime they felt like it, the retiredbankers would just jump in theircar and drive to their secondhome in New Mexico.

They usually travel back andforth between their two homesall year — but they won’t bedoing that this summer. Gasprices in New Mexico are higherthan they are here, BetteSherman said, in part because ofthe cost of hauling fuel upmountains and across rough ter-rain.

The Shermans make the 10-hour trip by car so they canbring their cat along. This sum-mer, they chose their time awaycarefully.

“Normally, we go probablytwice,” Sherman said. “This timewe are going to go once in thesummer.”

WHY SO HIGH?Yo-yoing gas prices have kept

economists and political scien-tists busy trying to explain thereason for such instability.

John Felmy, chief economistwith the American PetroleumInstitute, said gas prices are ris-ing because crude oil prices

have gone up — and crude oilprices have gone up becauseproduction has gone down.Felmy said oil production hasdropped by 1.3 million to 1.5million barrels per day in Libyaas a result of the country’s ongo-ing political tension. The worldproduces and consumes 89 mil-lion barrels of oil per day, hesaid, and Libya’s exports makeup 2 percent of the world’s sup-ply.

If oil production is beingaffected anywhere, the cost of oilis being affected everywhere,Felmy said.

“It’s a world market,” Felmysaid. “It doesn’t matter where weget our oil from; it’s just one bigpool we buy from.”

As China and India industri-alize, more people in those

countries will start driving cars— which means oil consumptiongoes up, said Emile Sahliyeh, apolitical science professor at theUniversity of North Texas.

And higher demand, pluslower production, means higheroil prices for everyone, both mensay.

An important factor in oilprices is stability in the MiddleEast, which saw more than its

share of turmoil this spring,Sahliyeh said. The professor,

whose focus is Middle East poli-tics, said one step toward stabili-ty is U.S. support for democrati-zation and political liberty inthat region.

If the current tension in Libyaspreads to surrounding coun-tries, it could affect the flow ofoil, Sahliyeh said.

Middle East history proves

Photo by Al Key

D’Lynn Ewing is pictured with sons Evan, left, and Josh at their home on Wood Hollow Road in east Denton on June 7.

Mark Fearing,at his Dentonhome June 8,doesn’t travelvery often butsays that highgas prices aremaking itharder for himto afford thedrive to hisdaily doctorappointments.

Photo by DavidMinton

“With the prices

of fuel, you can’t

do those

weekend trips.”

— D’Lynn Ewing

“I’ve had to save

just to get out

and do things I

normally do.”

— Mark Fearing


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Jun.11


there’s a strong connectionbetween political upheaval andoil production.

In 1973, the region’s oil pro-duction dropped dramaticallyduring the Arab oil embargo —likewise, in 1979 during theIranian Revolution, and in 1991during the Gulf War.

“When the wars were over,the price of oil went back to nor-mal,” Sahliyeh said.

During the 1973 embargo, oilwent from $7 a barrel to $21 abarrel and the U.S. couldn’timport oil, he said.

Sahliyeh said oil prices should-n’t be going up right now — andthey haven’t, recently experienc-ing a sharp drop after rising 30percent in the last year — be-cause there hasn’t been a drop inproduction from the largest oil-supplying countries, includingAlgeria, Saudi Arabia and Oman.

“There is so far no major inter-ruption for the flow of oil fromthe Middle East,” Sahliyeh said.

GAS STATION PERSPECTIVE

Bill Monzer, owner of the 7-Eleven gas station at McCor-mick Street and Interstate 35E,

said he can’t remember the lasttime he went two or three dayswithout changing gas prices. Infact, lately prices have been

changing one to two times a day,he said.

Photo by Al Key

Bette Sherman, pictured June 6 at the downtown Square, said she and her husband, both retirees, won’t betaking as many trips to their second home in New Mexico this summer.

Cover Story

| CONTINUED FROM PAGE 13

Photo by Barron Ludlum

A driver fills up June 6 at the Shell gas station at North Elm Streetand West University Drive in Denton.


Co. LP for operating three unau-thorized storage tanks at a natu-ral gas drilling site at Mitchelland Plainview roads near Krum,according to state records.

Commissioners waived$1,800 of the fine as part of anagreed order that required thecompany to install a vapor-recovery unit to capture emis-sions from a separator and con-densate tanks to meet state lim-its for volatile organic com-pounds.

The order and fine againstWilliams for air-quality viola-tions is the first against a naturalgas operator in Denton County,said Andrea Morrow, a commis-sion spokeswoman.

5-15

Game On celebratesfirst year in business

Training facility Game OnAthletics celebrated its first 365days of helping area residents

shape up with an anniversaryparty Tuesday.

At the event, attendees wereinvited to participate and com-pete in various sports, includingvolleyball, basketball and soccer.Organizers also offered athleticskills testing through UnderArmour Combines, a nationalprogram that measures an indi-vidual’s physical and mentalhealth, then analyzes the resultsto help them become better ath-letes. Non-athletes and athletesare measured using differentsets of criteria.

About 200 people attendedthe event, said Angie Maffey,Game On’s adult fitness pro-gram director. The attendeesreceived goody bags with T-shirts and information onupcoming classes and events.

5-21

Salvation Army breaksfrom United Way

The local Salvation Army isparting ways with the United

Way of Denton County, aSalvation Army official saidFriday.

The prospect of a splitbetween the two longtime part-ner agencies became public thismonth after Salvation Army offi-cials in Dallas who run theDenton branch objected to an 81percent decline in United Wayfunding this year.

Maj. Ward Matthews of theDallas-Fort Worth SalvationArmy said Friday the two agen-cies could not agree on a com-promise to salvage the relation-ship. The Denton SalvationArmy will ask the public fordirect donations to make up forthe loss of United Way funding,he said.

The United Way’s 2010fundraising campaign endedthis February about $430,000short of a $2.4 million goal. As aresult, the United Way cutgrants to partner agencies by 30percent, from $1.43 million in

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Jun.11


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Cover Story Monthly News Roundup| CONTINUED FROM PAGE 2


“It’s been going up and downlike crazy,” Monzer said.

Gas prices at his station havegotten as high as about $3.80 agallon for regular unleaded andas low as about $3.46 per gal-lon, he said.

Local owners like Monzer don’tset the prices, he said. They’re setby the parent companies — in hiscase, 7-Eleven and Shell.

“It’s almost like I’m the fourthperson that deals with [theprices],” Monzer said. “It’s prettycomplicated.”

Business is not like it used tobe — gas station owners are luckyif they can just keep up, he said.

Drivers aren’t filling up asmuch as they used to, and theyare putting less gas in theirtanks when they do.

“They aren’t spending asmuch overall,” Monzer said.

While the summertimemonths are usually slowerbecause university students havegone back home, Monzer said

he’s not seen as many travelerscome through so far.

“Last year was much better allthe way around,” he said.

‘HARD ON EVERYONE’Ewing is glad that school is

out for the summer; she’ll get afew months’ break from drivingher kids to school every day.

“You have to cut out somethings because you have to makesure you have money for neces-sities,” Ewing said.

Fearing said he thinks it’sprobably affecting many familiesnegatively.

“A lot of people are keepingtheir travel modest,” he said.

Sherman said she and herhusband are glad they’re retired,and that the couple especiallyfeels bad for commuters.

“I think it’s hard on everyone,”Sherman said.

The Associated Press con-tributed to this report.

RACHEL MEHLHAFF canbe reached at 940-566-6889.


2010 to $1 million this year.

5-23

County officials to learn fate of I-35E bill

Denton County officials awaitthe decision on their proposal toexpand Interstate 35E, whichhas been lumped in with othertransportation projects.

The bill, which had beenwinding through legislativewaters in Austin, has beenabsorbed into Senate Bill 1420,authored by Sen. Juan Hinojosa,D-McAllen. That bill acknowl-edges the latest review of theTexas Department ofTransportation by the TexasSunset Commission and author-izes the department to continueoperating.

SB 1420 now includes

improvement projects for I-35E,State Highway 183 and theNorth Tarrant Express project,including Interstate 35W. It alsoauthorizes the creation of pub-lic-private partnerships to fundthe road construction projects.

Under state law, legislativeapproval is required for public-private partnerships that useprivate equity to pay for andbuild major regional roads.

5-24

Home foreclosures dipResidential foreclosures

dipped slightly in DentonCounty for the first six monthsof this year as compared to lastyear — a trend that, coupledwith a lowering unemployment

16

Jun.11


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FEDERAL TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATEAaron L. Compton, 1269 E. Hickory Hill Road, Argyle 1040 $68,680.87 02/28/2011Andrew D. Parks, 320 Gabe Court, Denton 1040 $16,843.67 03/09/2011Arena Design Consultants Inc., P.O. Box 391, Ponder 1120, 941 $15,844.75 02/28/2011Betty L. Richardson, 8417 Glen Falls Lane, Denton 1040 $9,100.35 03/10/2011Brian D. Lairson, 3750 Pockrus, Apt. 80, Denton 1040 $26,035.01 03/14/2011Carl H. Miller, 1123 E. Windsor Drive, Denton 1040 $17,519.65 03/01/2011Charles D. Prefume, 742 Oak Dale Ave., Lake Dallas CIVP $5,910.16 02/28/2011Daniel J. Koester, 6889 Fort Worth Drive, Argyle 1040 $15,281.31 03/14/2011Daniel K. Lucas, 1401 Heather Lane, Denton 1040 $13,178.23 03/09/2011David R. and Virginia A. Hall, 316 White Oak Drive, Lake Dallas 1040 $46,400.58 03/09/2011Devin Howenstine, P.O. Box 2172, Denton 1040 $33,369.86 03/01/2011Frank R. Phillips, 559 N. Hook St., Lake Dallas 1040 $49,721.44 02/28/2011Gale R. Schultz, 11501 Marion Road, Apt. 2101, Sanger 1040 $79,114.33 03/10/2011Gary D. Nobles, 2212 Fort Worth Drive, Trailer 81, Denton 1040 $54,673.87 03/16/2011James H. and Doris L. Baker, P.O. Box 178, Little Elm 1040 $61,836.75 03/10/2011James M. Eden, 1609 Oak Ridge Drive, Corinth 1040 $1,092.51 03/09/2011Jerry W. Foster, 8474 Rector Road, Sanger 1040 $4,989.07 02/28/2011Jill S. Bridges, P.O. Box 70, Ponder 1040 $14,940.51 03/16/2011John J. Pico, 3350 Forest Glen Drive, Corinth 1040 $304,026.36 03/10/2011Lana G. Bode, 1313 Rolling Acres Drive, Argyle 1040 $289,453.78 02/28/2011Larry Cameron, P.O. Box 51182, Denton 1040 $10,003.41 03/01/2011Lee D. Jackson, 9100 Teasley Lane, 9D, Denton 1040 $52,651.21 02/28/2011Linda H. South, P.O. Box 414, Denton 1040 $14,324.04 03/09/2011Lisa M. Johnson, 2464 Greenbrook Drive, Little Elm 1040 $16,096.93 03/16/2011Louis E. Goodman, 206 W. Bailey St., Ponder 1040 $5,411.15 03/14/2011Luvena Nix, 2710 N. Elm St., Denton 1040 $15,976.25 02/28/2011Madolyn J. Cutter, P.O. Box 546, Lake Dallas 1040 $11,694.15 03/10/2011Mark S. Graham, 1015 Hopkins Drive, Denton 1040 $7,296.07 02/28/2011Michael W. Jackson, P.O. Box 51682, Denton 1040 $19,270.78 02/28/2011Milton T. Gossen, 4772 Farris Road, Denton 1040 $191,725.10 03/09/2011

LIENSThe following liens were posted in May at the Denton County Clerk’s office.

Vital StatisticsMonthly NewsRoundup| CONTINUED FROM PAGE 15

| CONTINUED ON PAGE 19| CONTINUED ON PAGE 17

17

Jun.11


FO

Monthly News Roundup

rate, shows signs of an improv-ing outlook.

For the first six months, resi-dential foreclosures in DentonCounty dropped 3 percent from3,647 in 2010 to 3,537 this year.Second-quarter numbers showDenton had 8 percent fewerforeclosures during Aprilthrough June compared to thesame period last year. For Junealone, foreclosures declined 1percent, from 554 posted forauction last June to the 547posted for the upcoming Juneforeclosure auction, according toAddison-based ForeclosureListing Service Inc.

Denton’s unemployment ratedropped two-tenths of a per-centage point, from 6.4 percentin March to 6.2 percent in April,according to the TexasWorkforce Commission.

George Roddy Sr., presidentof Foreclosure Listing Service,cautioned that while the drop inforeclosure postings is goodnews, much of the area’s hous-ing inventory remains on thebooks.

5-25

Newspaper announcesWimgo partnership

The Denton Record-Chroniclehas partnered with Wimgo.comto offer a new online method forfinding out what’s happening inDenton.

Through Wingo.com, anationwide, hypersocial searchdirectory, area residents will beable find restaurant reviews andinformation about local busi-nesses, events and much more.

The directory will provide cat-egory listings for more than20,000 businesses in DentonCounty and allow users to inter-act with other users and busi-nesses.

5-29

Noles General Storemoves to Hickory St.

Noles General Store, a localgift and home decor store onEast McKinney Street, will berelocating to East Hickory Street

next month after spending fouryears at 118 E. McKinney St.

Store owner Celeste Douglascontinues a 40-year family tra-dition that started with hergreat-grandfather, John K.Noles, opening two gas and gro-cery stores, one in McKinneyand another in Fairview.

According to Denton Record-Chronicle archives, when Douglaswas 9 years old, her motheropened her first store, mainlydealing in furniture resale.

Douglas said the new locationwill have front parking spaces,something she said customershave been requesting for years.

Hydrant Cafe closesAfter months of will-they-

won’t-they, downtown Denton’sHydrant Cafe closed this month.

The coffeehouse, known forits live shows and fresh-roastedcoffee, closed after just threeyears of business.

Co-owned by Glen andMelissa Haas, the Oak Streetcoffee shop temporarily closedfor six weeks last fall. At thetime, many people worried ithad closed for good.

When asked about the tempo-rary closing, Haas said at thetime that the business was beingrevamped to add a pub to thecafe’s second floor.

The business reopened at theend of February and by mid-May, it had officially closed itsdoors.

5-31

DCTA makes finalpreparations for train

As the June 20 start datelooms, Denton CountyTransportation Authority offi-cials are entering the final stagesof preparation for the A-train.

Officials have spent the lastfew weeks testing track times,certifying train operators andtending to the persistent prob-lem of corridor trespassers forthe 21-mile passenger rail linethat has been years and millionsof dollars in the making.

The rail will run from down-town Denton to Carrollton,where riders can connect with

Dallas Area Rapid Transit serv-ices to continue into Dallas.

DCTA officials attendedHickory Creek’s recent council

meeting to offer an update onrail progress. All stations are atleast 90 percent complete,except for the MedPark Station

in Denton, which will be fin-ished closer to the rail line’s startdate.

— Compiled from staff reports


18

Jun.11


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PALOMA CREEK26737 HWY. 380 E.

972.347.5911

20%OFFAny Repair Service

Excludes State Inspections and Brake Service. Good only at Kwik KarDenton/Paloma Creek locations. Not valid with any other offer. One coupon per

vehicle. Must present coupon for discount. Offer expires 8/15/11.• Gasoline and diesel vehicle maintenance and repairby ASE Certified Technicians

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GIFT CERTIFICATES AVAILABLE

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CERTIFICATES OF OCCUPATIONOutback Hair Inc., 415 S. Elm St., No. 102FEMA, 3900 Karina Ln.Glen Denehie Insurance, 519 S. Carroll Blvd., No. 107Simone Lounge, 222 W. Hickory St., No. 104Sarah Rowland, lawyer, 1409 N. Elm St.Denton Community Market, 411 W. Mulberry St.Probilt Services Inc., 2401 Worthington Drive, No. 133Curves, 719 E. Sherman DriveIllume Salon, 105 N. Austin St., No. 105Eagle Press Inc., 110 Mulberry St.

COMMERCIAL ALTERATIONDowntown Denton Ventures LLC, 101 W. Hickory St.John Hart/Subway Providence, 330 Mayhill RoadEco Tech Systems (GC), 712 Acme St.Martino Realty Co. P/S, 525 S. Loop 288, Nos. 105 and125Hang Qin Lin, 717 S. I-35, No. 100Jacob Jackson, 3118 Los ColinasInland Western Denton, 1800 S. Loop 288, No. 392Retail Plaza Inc., 514 W. University Blvd.Texas Healthcare Resources, 2900 N. I-35, No. 118Westwind Apartments, 1710 Sam Bass Blvd., Bldg. 4CN Denton Investors LP, 3751 S. I-35E

Denton ISD, 1007 Fulton St.

RESIDENTIALBeazer Homes3416 Capetown Drive, $278,785.683304 Capetown Drive, $222,151.593312 Capetown Drive, $287,360.48Calladium Custom Homes3613 Chapel Hill, $165,279.32DCTA1101 Teasley Lane, $65,000.00DR Horton Texas Ltd.4524 Woodbine Road, $206,924.43

DR Horton1109 Nora Ln., $202,571.64DRP Country Lakes LLC5724 Granbury, $237,525.16Flamur Atimeti805 Longridge Road, $381,368.62JB Sandlin Real Estate Inc. 9512 Lakeway Drive, $270,929.27Members Choice FCU3351 Unicorn Lake Blvd., $269,533.52Micah Deweerd1822 W. Oak St., $324,328.66Ortiz, Enrique & San Juana

2210 Bernard St., $133,640.09Robson Ranch (GC)12011 Glenbrook St., $252,424.579617 Ravenwood Drive, $167,698.679400 Freeport Drive, $252,447.54Robson Denton Development LP9012 Landmark Ln., $374,107.94Wyndham Custom Homes LLC3604 Cotton Drive, $216,586.82

Vital StatisticsBUILDING PERMITS

The following building permits were issued by the Denton Planning and Development department in May. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permitsinclude the address and the total valuation of the home.

19

Jun.11


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Vital Statistics

FEDERAL TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATERandall M. and Melissa A. Rainey, 1312 Linden Drive, Denton 1040 $133,851.93 03/10/2011Randolph G. Cooper, P.O. Box 452, Little Elm 1040 $28,383.19 03/16/2011Robert J. Callahan, 13195 Seminole Circle, Sanger 1040 $8,509.50 02/28/2011Ruben and Synthia Castro, 4704 Provence Drive, Argyle 1040 $26,866.01 03/09/2011Ruben J. Castro, 4704 Provence Drive, Argyle 1040 $5,578.80 03/09/2011Terrance L. Buzzard, 608 S. Trinity Road, Denton 1040 $11,633.08 02/28/2011Timothy R. Anthony, 1974 Collins Road, Denton 1040, 6672 $21,592.66 03/01/2011William B. Hunt, 2104 Twin Creeks Circle, Pilot Point 1040, 6672 $206,071.28 03/14/2011

RELEASE OF FEDERAL TAX LIENSAnthony Bianchetta, 2428 Emerson Lane, Denton 1040 $1,212.81 06/01/2011Barry K. Bradford, P.O. Box 1111, Sanger 1040 $4,329.67 06/01/2011Bettie A. Citizen, P.O. Box 101, Little Elm 1040 $376.52 06/01/2011Carlos Martinez and M. Gorchez-Cordova, 2128 Woodhaven Drive, Little Elm 1040 $9,132.01 05/18/2011Christopher and Tracey Williams, 2221 Red Oak Drive, Little Elm 1040 $6,672.26 06/01/2011Dave E. Jackson, 1314 Montevideo Court, Denton 1040 $1,830.35 05/18/2011Dena and Billy Rogers Plumbing Inc., P.O. Box 1358, Little Elm 1120 $1,068.00 05/23/2011Denny M. and Patricia A. Moseley, 106 Radecke Road, Krum 1040 $3,129.83 05/09/2011Donald Spaulding, 5209 Tartan Circle, Denton 1040 $16,831.55 05/09/2011Elisa Chambers, 9100 Teasley Lane, Trailer 21G, Denton 1040 $5,704.89 05/18/2011G. Dennis Key, 8903 Hub Clark Road, Pilot Point 1040 $299,239.15 05/23/2011J&K Construction and Michael Paulson, 2811 Goodnight Trail, Corinth 1065, 940, 941 $1,177,532.75 05/18/2011James K. Chambers, 1686 Chukar Drive, Aubrey 1040 $1,288.92 05/03/2011Richard and Jamie Dolgener, 103 N. Highway 156, Ponder 1040 $10,826.76 05/09/2011Richard E. and Melissa D. Devor, 2313 Dawn Mist Drive, Little Elm 1040 $6,752.29 05/03/2011Richard W. Ross II, 1610 E. McKinney St., Apt. 2005, Denton 1040 $5,007.25 06/01/2011Scott A. Holman and Lisa Selman-Holman, 1525 Bayberry St., Denton 1040 $172,147.27 05/09/2011Silviano Vega, 104 First St., Sanger 940, 941 $8,616.01 06/01/2011Snyder O. Rosenbaum Jr., 700 Coit St., Denton 1040 $69,566.74 05/03/2011Stephen Engels, 755 Winding Oak Bend, Lake Dallas 1040 $14,522.91 05/03/2011Victor Equipment Co., 2800 Airport Road, Denton 941 $49,865.27 05/23/2011



LIENS

20

Jun.11


THE A-TRAIN LAUNCH PARTYJune 18, 11:30AM-4PM

Please join us as we jam all day in celebration of the grand opening of Denton County’s A-train. From the DowntownDenton Transit Center to the Hebron Station, we’ll stop along the way to enjoy live music, food and fun.

SCHEDULE YOUR JAMMIN’ DAY.

®1960-2010

11:30AM

11:50AM

12:30PM

1:00PM

4:00PM

6:00PM

12 NOON

12 NOON-4PM

Downtown Denton Transit Center Ribbon Cutting.

One O’Clock Lab Band live at the Downtown Denton Transit Center.

First Southbound train departs Downtown Denton Transit Center. First Northbound train departsHebron Station. (Reservation required)

Activities and entertainment at each station. Live performances by The Hope Trust, Studio B,Jeff Glover, Steve Duncan, Miracle Lane, The Polish Cowboys and many more.

Visit DCTARockNRail.com for a complete list of bands, vendors and maps of stations.

Second Southbound train departs Downtown Denton Transit Center. SecondNorthbound train departs Hebron Station. (Reservation required)

Third trains leave Downtown Denton Transit Center and Hebron Station. (No reservations required)

Station celebrations come to a close.

Train service ends.

Visit DCTARockNRail.com for full event schedule.

Denton Regional Medical Foundation | KoonsFuller PC | Impact Outdoor Advertising Co. | Lasseter Bus Company, Inc. | The Potters Healthcare Services | Hilton Garden Inn – Lewisville | First Transit

380Guide/380News | 35 Denton | Waste Management | Hebron/121 Station, LLC | Nichols, Jackson, Dillard, Hager and Smith, LLP | UNT Office of the President | UNT Office of the Provost and Vice

President of Academic Affairs | UNT Parking and Transportation | UNT Division of Student Affairs | Cross Timbers Gazette | Denton Record Chronicle | Lake Cities Sun | Lewisville LeaderFO

21

Jun.11


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VitalStatistics

OIL AND GASLISTINGS

The following oil and gas reports for the month of Maywere posted by oilandgasreports.com LLC, P.O. Box1540, Corpus Christi, TX 78403. For more information,visit www.oilandgasreports.com.

DENTON COUNTYLease: Alliance Tech CenterOperator: Quicksilver Resources Inc.Location: 228.408-acre unit, A. Robinson Survey, A-1119; 2.74 miles NE of HasletField: East Newark (Barnett Shale)Total Depth: 7531'

Lease: Bob Smith “A”Operator: Williams Prod. Gulf Coast LPLocation: 483.54-acre unit, MEP&P RR Co. Survey, No.59, A-935; 4.7 miles NW of Flower MoundField: East Newark (Barnett Shale)Total Depth: 8323'

Lease: Bob Smith “A”Operator: Williams Prod. Gulf Coast LPLocation: 483.54-acre unit, MEP&P RR Co. Survey, No.59, A-935; 4.7 miles NW of Flower MoundField: East Newark (Barnett Shale)Total Depth: 8255'

Lease: Casto-Ponder-CT Four (SA)Operator: Devon Energy Production Co. LPLocation: 907.01-acre lease, BBB&C RR Co. Survey, A-197; 4.8 miles NW of ArgyleField: East Newark (Barnett Shale)Total Depth: 9000'

Lease: Casto-Stevens (SA) “A”Operator: Devon Energy Production Co. LPLocation: 1362.46-acre lease, BBB&C RR Co. Survey, A-197; 4.8 miles NW of ArgyleField: East Newark (Barnett Shale)Total Depth: 9000'

Lease: DCCO “1” DCCO “3” (SA)Operator: Devon Energy Production Co. LPLocation: 5931.31-acre lease, W. Speer Survey, A-1197;3.6 miles SW of PonderField: East Newark (Barnett Shale)Total Depth: 9000'

Lease: Dr. Bob Smith “A” NorthOperator: Williams Prod. Gulf Coast LPLocation: 483.54-acre unit, MEP&P RR Co Survey, No.59, A-935; 4.7 miles NW of Flower MoundField: East Newark (Barnett Shale)Total Depth: 8294'

Lease: Mayday-Lattimore Gas UnitOperator: Eagleridge Operating LLCLocation: 179.38-acre unit, O. S. Brewster Survey, A-56;within DentonField: East Newark (Barnett Shale)Total Depth: 8700'

Lease: Rayzor UnitOperator: Range Production CompanyLocation: 418.86-acre unit, BBB&C RR Co. Survey, A-192; within DentonField: East Newark (Barnett Shale)Total Depth: 9115'

Lease: Robson RanchOperator: EnCana Oil & Gas (USA) Inc.Location: 2073.8-acre unit, BBB&C RR Co. Survey, A-197; 3.3 miles NW of ArgyleField: East Newark (Barnett Shale)Total Depth: 8231'

Adrienne N. Long, Heavenly Escape Travel Agency, 3432Fashion St., Little ElmAngela R. Dutton and Robin E. Hackett, The Inner ViewRadio Show, 5104 Brookside Drive, ArgyleAnnette Hall, Xtra Special Fitness, 2765 E. EldoradoParkway, Suite 215-440, Little ElmBernard E. Gruenwald III, PC Depot, 2612 LonesomeOak, CorinthBilly G. Rogers, Billy Rogers Plumbing, 220 Button St.,Little ElmByron K. Hundley, Hundley Boat Co., 708 Hundley Drive,Lake DallasCarl D. Rabe, Grand Central Vortex, 909 S. WashingtonSt., No. 101, Pilot PointCarl T. Cogan, TX Extreme Services, 5301 E. McKinneySt., Lot 298, DentonCharles G. Duff, Charles Roberts Pool, 315Eaglemountain Drive, Hickory CreekCody S. Tunnell, CST Electric, 300 Hummingbird Drive,Little ElmCole W. Ivey, Premier Texas Autos, 3709 VillanovaDrive, DentonConnie M. Brown and Southern Building and InvestmentLP, Village West Apartments, 3474 N. Loop 288, DentonDana Fikes and Denise Fikes, Fikes Scentsy, 753Countryside, AubreyDavid J. Chavez, North Texas Designs, 2700 ColoradoBlvd., Apt. 1512, DentonDebra L. Turney and Edward L. Turney, All That andSome, 2205 Palamino Court, DentonElaine L. Carlson, Hillside Art Studio, 3208 LighthouseDrive, DentonFelicia A. Latson, Latson Notary Enterprise, 3209Mulholland, CorinthFrederick L. Tonsing, Lake of Fire Productions Studios,340 Canyon Oaks Drive, ArgyleHani A. Aljoulani, Big D Food Store, 420 S. Carroll Blvd.,DentonHermelinda A. Ortega, Meli Artesanias, 1502 MozingoSt., DentonJacob M. Akins and Aaron J. Weaver, L.D. AutomotiveRepair, 114 Dickson Lane, Suite 100, Little ElmJanet S. Sparks and Robert J. Sparks, RJ Sparks Co.,575 Doe Creek Road, Little Elm Jenny S. Hamrick and Kami E. Higbee, Messy's Closet,3062 Lakefield Drive, Little ElmJoaquim H. Dasilva and Hernani LLC, SuperglassWindshield Repair, 3708 Longhorn Drive, DentonJohn P. Watson, Patrickskrewe, 304 N. Main St., AubreyJuan A. Oramas, Longview Cleaning, 420 Lake ViewDrive, Lake DallasJuan M. Hernandez, Juan Hernandez Landscaping, 3750Pockrus Paige Road, No. 90, DentonKatharine L. Solomon, Downtowner Massage, 725 N.Elm St., Suite 26, DentonKevin C. Wheeler, Homecook Meals Catering Co., 620Boardwalk Lane, DentonKevin R. Capps, Lone Star Lawn and Landscaping

Services, 713 Charyl Lynn Drive, ArgyleLea S. Watson, Memories by Lea, 10248 Liberty Road,AubreyLinda K. Newsome, LKN Academic Consultants, 2500Natchez Trace, DentonLuis R. Giron, Mr. Love and Mrs. Love, 626 Texas St.,DentonMartin L. Salazar, Salazar Brother's Landscaping, 116Clark St., Little ElmMartin R. Imwalle, Imwalle Enterprises Sanger MetalArt and Gifts, 2254 Hilling Road, SangerMary C. Taylor, It's Time Landscaping Design, 617Grayson Lane, Lake DallasMitchell S. Rowell and Daniel N. Ryan, R and RSolutions, 1107 Neff St., Apt. 1, DentonPamela S. Hardy and Valerie A. Lyons, Denton DanceCenter, Woodhill Square Suite 200A, DentonPatricia A. Rider, Patty's Ragtag Café, 508 S. Elm St.,Suite 105, DentonPatrick E. Nuoci, Red Helmet Lawn Care, 837 Old JustinRoad, ArgylePatrick H. Rauso, Hunter Wild, 228 Bryan St., DentonPaul H. Echols, Memories Films, 205 N. Locust St.,DentonRay A. Walker, Walker Aviation Co., 11510 Eagle ViewDrive, SangerRobert Z. Kelly, North Texas Mobile Tire, 8904Tumbleweed Drive, Cross RoadsRoger D. Kelly, Kelly Mobile Tire Service, 102 James,AubreyRosauro Cruz, Center Cristiano Adobes, 621 S. MayhillRoad, Suite A, DentonSamuel C. Gibke, High Tech Savvy, 8628 King RanchDrive, Cross RoadsShannon D. Widmer, Funky Little Chickadees, 258Bobcat Road, SangerShekethar Cole, Skor High Entertainment, 951 CoronadoDrive, Cross RoadsTeresa Bailey, Trinity Sign Co., 1516 Morning Dove,AubreyTerry L. Green and Doe River Enterprises LLC,Hillgreenhousesupply.com, 1292 Settlers Drive, SangerTerry L. Green and Doe River Enterprises LLC, wood-burning-stoves.org, 1292 Settlers Drive, SangerTommy D. Sanderson, Cowboy Creations, 10692 FincherRoad, ArgyleVivek Joshi, Dollar Discount World, 514 W. UniversityDrive, DentonYvette S. Starr, Starr Designs - The Bead Diva, 3301Brampton Drive, CorinthZemedah Watlington, ZLW Properties, 801 Lake HollowDrive, Little Elm

3535 S. I-35 East / Denton, Texas 76210

www.dentonregional.com / 940.384.3535

Physician Referral 940.898.0629

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(940) 387-9777(972) 445-5380

www.championcarpetcleaning.com

4 ROOM SPRING SPECIAL$119.95

(Includes connecting hall at no extra charge) Reg. $155.95

With this coupon. Rooms larger than 256 sq. ft. & combination areas are considered 2 rooms. Coupons not valid with any other offers of prior services.

Offer expires 6/30/11

carpet cleaning

A Clean Carpet Means

A Healthier Home

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Founder’s Club Pre–Opening Special Rates areavailable and guaranteed until 2012.

Take advantage TODAY!

Willow Bend AssistedWillow Bend Assisted Living & MemoryLiving & MemoryCareCare

2125 Brinker Rd Denton, Texas 76208

CaCall 940-381-3000ll 940-381-3000We are privately ownedWe are privately owned and locally managed!and locally managed!

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Vital Statistics22

Jun.11


ASSUMED NAMESThe following names (followed by DBA and address) were posted in May in the Denton County Clerk’s Office.

• Computerized Estimates

• Insurance Estimates

• Towing Available

• 55 Years of factory trained

& RV Certified technicians

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NEW LOCATION - OVER 28,000 SQ. FT.11399 Hwy 380 (West of I-35) • Krum, TX940-482-0186 or 1-888-399-0973 FO

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• Repair• Service

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TEXASRV

SALES TAXThe following area sales permits were issued by the State Comptroller’s Office for May. The list includes the owner,name of business and address.

75034Oh and Kim Corporation, Sonny Donuts, No. 8, 2650King Road, Suite 300, Little ElmUnited Cellular Inc., Sprint, 2831 Eldorado Parkway,


23

Jun.11


SALES HOURS: M-F 8:30am - 8pm • Sat. 9am - 7pm

Hyundai is the top selling automobilebrand in Denton County.

Join the Trend!

www.eckerthyundai.com(940) 243-6200 • 4011 South I35 East, Denton

ECKERT HYUNDAIFO

10-Yr/100,000 milePowertrainProtection

5-Yr/60,000 mileBumper to

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5-Yr/UnlimitedMiles

24-Hr RoadsideAssistance

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2011 Hyundai Santa Fe GLS2011 Hyundai Tucson GLSModel 62422Model 83422

$259/mo $299/mo 28 MPG!31 MPG!

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10 Year/100,000 Mile Powertrain Warranty

STONEHILLCENTER

a great place to

Shop!� Antique Experience & Tea Room� Antique Gallery � Rose Costumes� Bridal Co. Outlets � Good Eats Grill� Cutting Edge Hair Salon � Jazzercise� PJ’s Party Supply

STONEHILL CENTERConveniently located at

I-35 and North Loop 288 / Exit 470

For Leasing Information CallScott Brown Commercial at

(940) 320-1200 or(940) 243-4000

FO

STATE TAX LIENSNAME/ADDRESS TYPE AMOUNT REC. DATEAdvantage Wall Panel Systems LLC, 3011 Brett Road, Corinth Limited Sales, Excixe and Use Tax $1,760.90 05/20/2011David Lohoefer and Baldemar Rivera, 5800 N. I-35, Suite 307, Denton Limited Sales, Excixe and Use Tax $1,826.59 06/01/2011Michael R. Salazar, P.O. Box 274, Denton Limited Sales, Excixe and Use Tax $1,772.70 05/27/2011Texas Building Supply LP, 2201 Valderamma Lane, Corinth Limited Sales, Excixe and Use Tax $47,134.62 06/01/2011Travis D. Hill, 2145 Pembrooke Place, Denton Limited Sales, Excixe and Use Tax $7,172.96 05/17/2011Valentin G. Carmona, 213 Mounts Ave., Apt. 3, Denton Limited Sales, Excixe and Use Tax $1,545.84 05/20/2011Young Joon Chun, 2302 Creek Crossing Drive, Corinth Mixed Beverage Gross Receipts Tax $319,282.10 05/23/2011

RELEASE OF STATE TAX LIENSBlythe N. Walker, 816 Jennifer Court, Sanger Filed in Error $1,206.76 05/25/2011Bradley O. Shelton, 2205 Jefferson Trail, Denton Filed in Error $1,202.11 05/20/2011Bradley O. Shelton, 2308 Ranch House Drive, Denton Sales Tax $1,202.11 05/06/2011Erin M. Wright, 616 Cook St., Denton Filed in Error $1,206.53 05/17/2011Glenn M. O'Dell, 1509 Cardinal Way, Aubrey Filed in Error $3,893.54 05/25/2011Intergalactic Sports Entertainment LLC, 256 N. Highway 377, Pilot Point Filed in Error $3,217.59 05/17/2011Robert W. Schlossin, 1644 Wynfield Drive, Little Elm 6672 $124,250.87 05/24/2011Travis D. Erwin, 116 Prairie Drive, Sanger Filed in Error $1,203.38 05/17/2011

MECHANICS’ LIENSBrian W. and Marianne J. Carter, 1907 Wickersham Lane, Corinth Robertson Pools Inc. $12,000.00 05/16/2011Carl M. and Teresa O. Young, 3314 Brampton Drive, Corinth Providence Custom Pools $20,197.00 05/13/2011Carol Hopper, 5316 Kings Manor Drive, Lake Dallas BH DFW Inc. $29,359.00 05/16/2011Carrie C. and Edward F. Wolski, 3109 Triple Crown Court, Denton Key Custom Homes Inc. $186,654.00 05/17/2011Enrique and San Juana Ortiz, 2210 Bernard St., Denton Concepts International Inc. $98,954.00 05/12/2011Eva J. and Keith A. Watson, 1900 W. Oak Shores Blvd., Cross Roads Design Classics $429,955.00 04/29/2011Gaye B. and Rodney K. Dryden, 110 Pecan Acres Lane, Argyle Ros Dan Construction $39,381.00 05/17/2011Jeffery S. and Julie J. Glover, 2719 Robinwood Lane, Denton Coleman Backyards $12,103.59 05/04/2011Joseph A. and Patricia B. Smith, 4866 Wildcat Road, Aubrey Don Hall Construction Inc. $523,770.00 05/10/2011Keith and Marti Cramer, 12229 Foutch Road, Pilot Point Gray and Cramer Custom Homes $240,122.62 05/05/2011Lee A. and Mike Alexander, 600 Regency Court, Denton Borden Pools Inc. $44,000.00 05/23/2011Paisley Switzer, 571 Hunter St., Argyle Tailor Made Custom Homes $52,407.00 05/26/2011

LIENS| CONTINUED FROM PAGE 19

Vital Statistics

Suite 104, Little Elm

75065BBI Operating LLC, BBI Operating LLC, 4050 FM2181,Suite A, Hickory CreekBlanche G. Dillon, Dillon First Family, 1 Ridge Drive,Hickory CreekElliot's Perfect Nature Lawn Care Inc., Elliot's PerfectNature Lawn Care Inc., 201 N. Shady Shores Drive,Trailer 36, Lake DallasGlenda L. Barker, Glenda's Costume Creations, 315Boliver Ave., Lake DallasJose Ricardo Armendariz, Jose R. Armendariz, 2 LiveOak Lane, Hickory CreekLisa L. Hildinger, Lisa's Flowers, 3900 FM2181, HickoryCreekManuel Rodriguez Ramirez, Mechicano's Mexican Food,1006 S. Stemmons Freeway, Lake DallasMary J. Ogershok, Painted Treasures, 316 ChestnutDrive, Lake DallasScott Thomas Longhofer, Dfw Supplements, 12 RobinsNest Drive, Hickory Creek

75068Andy's to the Rescue LLC, Andy's to the Rescue LLC,2765 E. Eldorado Parkway, No. 215567, Little ElmBBI Operating LLC, BBI Operating LLC, 2501 FM423,Little ElmCristina Thompson, Sofi & Liv, 2617 Elderberry Lane,Little ElmDroidpad LLC, Droidpad LLC, 1513 Lakeshore Drive,Little ElmExtravagant Lady Et Al, Extravagant Lady, 2620 PeachDrive, Little ElmJess R. Woodson, Your Home Concepts, 3952 SpinnakerRun Part, Little ElmJintana Thamnarong, Miss Jintana Candles, 2428Lakebend Drive, Little ElmKelly Eugene Charles, Snow Cone Man, 1913 Grand Fir

Drive, Little ElmNikolaus Elijah Logan, Boscos Bad Ass Wings, 1409Brandywine Lane, Little ElmSherry E. Parrish, Parrish Designs, 2416 Trailview Drive,Little Elm

76201BBI Operating LLC, BBI Operating LLC, 206 W.University Drive, Denton George E. Lair, Windows By George, 1609 AmherstDrive, DentonJ.W. Blackwood LLC, Hoochies Oyster Bar, 207 S. BellAve., DentonJune Vorhis, Salon Vorhis, 105 N. Austin St., Suite 105,DentonMichael Andrew McDonald, MM's Easy Online, 211 E.Oak St., Apt 6, DentonMonica Martinez, Magic Room, 200 S. Bonnie Brae St.,Apt. 7103, DentonStephanie M. Howard, Thread Counts A UniqueBoutique, 231 W. Hickory St., DentonStrategic Dental Executives LLC, Strategic DentalExecutive, 1805 Hinkle Drive, Suite 100, DentonTaco Bell of America Inc., Taco Bell, No. 026035, 701Fort Worth Drive, DentonWhaley Properties Inc., Sticker Station, 813 S. LocustSt., DentonZella Barket, Zella Barket, 703 N. Carroll Blvd., Denton

76205BBI Operating LLC, BBI Operating LLC, 725 S. I-35E,Denton Cindy L. Yousko, Birthday Beginnings, 2124 PembrookePlace, DentonFWHI Beverage Company Inc., Lone Oak Bar & Grill,1434 Centre Place Drive, DentonJeff Rinehart, Longhorn Solar Screens, 312 DallasDrive, Suite 101, DentonOrthobionics Inc., 2436 S. I-35E, Suite 376, DentonRent-A-Center Texas LP, RAC Acceptance, No. 06215,2315 Colorado Blvd., Denton

SALES TAX| CONTINUED FROM PAGE 22

24

Jun.11


2008 2009 2010

$700

$800

$900

$23 $30 $39 $74 $110 $147 $210 $253 $292 $358 $475 $565 $650 $783 $834

Argyle

Colleyville

Corinth

Denton

Grapevine

Krum

Lake Dallas

Lewisville

Pilot Point

Argyle

Colleyville

Corinth

Denton

Grapevine

Krum

Lake Dallas

Lewisville

Pilot Point

nstarbank.com

Thank You For Making UsDenton County’s Largest Business Bank!

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DENTON - CORPORATE400 N. Carroll Blvd.

940.591.1200

DENTON - SOUTH3301 Teasley Lane940.383.6234

FO

june denton business chronicle 2011

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