Today’s business briefs from across the state
Boardwalk Pipeline purchases remaining interest in PL Midstream for $269 million
HOUSTON (Oct. 16, 2012) — Boardwalk Pipeline Partners LP announced today that a subsidiary has purchased the remaining 65 percent equity interest in PL Midstream LLC from Boardwalk Pipelines Holding Corp. (BPHC), a wholly-owned subsidiary of Loews Corp., for approximately $269 million.
PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of petrochemicals, natural gas liquids and natural gas through two hubs in southern Louisiana, the Choctaw Hub in the Mississippi River Corridor and the Sulphur Hub in the Lake Charles area. These assets represent approximately 53.5 million barrels of salt dome storage capacity, including 11.2 billion cubic feet of working natural gas storage capacity; significant brine supply infrastructure; and more than 240 miles of pipeline transportation assets, including the most extensive ethylene distribution system in Louisiana.
Including major facilities and a gas transmission hub in Owensboro, Ky., Boardwalk Pipeline Partners LP is a midstream master limited partnership that provides transportation, storage, gathering and processing of natural gas and liquids for its customers.
CafePress deal creates first-ever apparel sales inside popular online app
LOUISVILLE, Ky. (Oct. 16, 2012) — CafePress Inc. and Imangi Studios, the makers of the hugely popular Temple Run app, announce the launch of a first of its kind Temple Run apparel and gear store.
In the year since its release, Temple Run has been downloaded more than 100 million times, totaling more than 10 billion sessions played since August 2011. The endless runner game that challenges players to test their reflexes while jumping, running and sliding to escape the temple dwellers, has been downloaded by 13 percent of the U.S. population and is available for free in the App Store, Google Play and Amazon.
It is the first app with its own store where players can create and customize merchandise. Some of the designs featured in the Official Temple Run store include:
• Temple Run Custom Death Scene T-Shirts
• Temple Run Field Bag
• Temple Run Power-up Travel Mug
• Temple Run Shower Curtain
• Temple Run Logo Shot Glass
UK physicians perform transcatheter aortic valve replacements
LEXINGTON, Ky. (Oct. 16, 2012) — Interventional cardiologists at UK HealthCare’s Gill Heart Institute have successfully performed the facility’s first two transcatheter aortic valve replacements.
The procedure, also known as TAVR, is used for patients with severe, symptomatic aortic stenosis who are not candidates for traditional open-heart surgery.
The transcatheter value team was led by Dr. John Gurley and coordinated by Vicki Turner. The multidisciplinary team included surgeons Dr. Chand Ramaiah and Dr. Hassan Reda; interventional cardiologists Dr. Khaled Ziada, Dr. Joseph Foley and Dr. Matthew Wiisanen; cardiac imaging specialists Dr. Steve Leung and Dr. Vince Sorrell; and anesthesiologist Dr. Johannes Steyn.
In a healthy heart, the aortic valve is able to open wide, allowing the heart to pump oxygenated blood to the body.
In a aortic stenosis, the valve is unable to open adequately, resulting in an obstruction of blood flow from the heart chamber into the aorta. When the blood flow is obstructed, less oxygen is able to flow through, and patients can suffer from shortness of breath, chest pains or fainting episodes.
During the minimally invasive TAVR procedure, a prosthetic valve is implanted within the diseased aortic valve using a catheter inserted through the groin area. Once in place, a balloon is inflated to open the valve. Almost immediately, the new valve starts working in place of the diseased valve, resulting in improved blood flow.
DBL partner James A. Dressman receives Bishop Hughes Award
CRESTVIEW HILLS, Ky. (Oct. 16, 2012) — DBL Law partner James A. Dressman recently was awarded the Bishop Hughes Award from his alma mater Thomas More College. He received this honor for his involvement in Catholic higher education. The award was named in for the former chancellor of the college and retired bishop of the Diocese of Covington, Bishop William A. Hughes.
Dressman is a 1970 graduate of the Covington Latin School and a 1974 graduate of Thomas More College, earning his B.A. in history. He completed his law degree from the University of Kentucky in 1977. He began practicing law at DBL Law immediately following graduation and is currently managing partner and the head of the commercial law and banking practice group.
In addition to his involvement with Thomas More College, Dressman is active on many boards and committees throughout Northern Kentucky, including: Freestore Foodbank, Northern Kentucky Chamber of Commerce and Northern Kentucky Volunteer Lawyers, Inc., among others.
Sun Tan City expands brand presence to 16 states
LOUISVILLE, Ky. (Oct. 16, 2012) — Sun Tan City, a chain of privately owned tanning salons, has expanded its presence into 16 states and increased its total number of franchise locations to 119 during the past 12 months.
The brand has spent the past year expanding its franchise footprint, with 65 independent locations converting to the Sun Tan City brand. During this time, franchisees also opened 13 new locations and the company opened or acquired 5 units.
The company began franchising in 2007 after growing to more than 40 corporate locations from its inception in 1999. Today, there are a total of 210 Sun Tan City salons — 91 company-owned and 119 franchise locations operating in 16 states.