MBC EMPLOYEES HELP SPREAD HOLIDAY CHEER


South Boston, VA – Dec 20, 2013 – Mid-Atlantic Broadband employees helped spread some holiday cheer again this year by donating Christmas gifts to eight children in two local families who face a lean holiday season. In keeping with the principle of reinvesting in our communities, one of the four parts of the Mid-Atlantic Broadband mission, the company matched employee contributions. The gifts were distributed today to help prepare for a merrier season of giving.

About Mid-Atlantic Broadband

Mid-Atlantic Broadband creates connections between technology and people to revitalize communities in Southern Virginia. By delivering high speed broadband access across underserved communities, MBC opens doors for businesses to locate operations across Southern Virginia with confidence they have reliable broadband access at any capacity level. MBC operates an open-access network that enables businesses to work with the communication provider of their choice to secure diverse network access. As a non-profit entity, MBC reinvests in community programs that support the primary mission of creating jobs by attracting new businesses to the region.

BASSETT FURNITURE INDUSTRIES, INC. TO INVEST $1.5 MILLION TO EXPAND MANUFACTURING OPERATION


VA Seal

Commonwealth of Virginia

Office of Governor Bob McDonnell

 

FOR IMMEDIATE RELEASE

December 18, 2013

 

Governor McDonnell Announces 25 New Jobs in Henry County

Bassett Furniture Industries, Inc. to invest $1.5 million to expand manufacturing operation

 RICHMOND – Governor Bob McDonnell today announced that Bassett Furniture Industries, Inc. (Nasdaq:BSET), a leading manufacturer and marketer of high quality, mid-priced home furnishings, will invest $1.5 million to expand its operations in Henry County. Over a three year period, the project will increase local manufacturing capacity and support operations, to grow the company’s custom casual dining business.  The project will create 25 new jobs.

Speaking about today’s announcement, Governor McDonnell said, “Bassett Furniture Industries is a true Virginia success story, and we are glad the company has called the Commonwealth home since its founding in 1902. Bassett employs hundreds of Virginians and has grown its business to serve customers across the United States and internationally. With a successful history in Henry County dating back more than 100 years, it is fitting for Bassett to expand here and demonstrates its utmost confidence in the local community and workforce. This expansion will continue to allow Bassett to leverage its customization capabilities and innovation and maintain its lead in the furniture industry.”

“Bassett Furniture Industries is an important employer and a great ambassador of Henry County and the surrounding region,” said Jim Cheng, Virginia Secretary of Commerce and Trade. “We welcome the addition of 25 new jobs paying above the prevailing average wage and celebrate a homegrown company that continues to thrive in Virginia.”

With 90 company-and licensee-owned stores, Bassett Furniture Industries, Inc. has leveraged its strong brand name in furniture into a network of corporate and licensed stores that focus on providing consumers with a friendly environment for buying furniture and accessories. The most significant growth opportunity for Bassett continues to be the company’s dedicated retail store program. Headquartered in Bassett, Virginia, Bassett Furniture’s retail strategy includes affordable custom-built furniture that is ready for delivery in the home within 30 days. The stores also feature the latest on-trend furniture styles, more than 1,000 upholstery fabrics, free in-home design visits, coordinated decorating accessories, and an exclusive HGTV Design Studio. Bassett is also growing its traditional wholesale business with more than 500 accounts on the open market, across the United States and internationally.

“This investment will expand our production capacities, provide improved service for our customers, and position the facility for future growth,” said Robert H. Spilman, Jr., Bassett’s president and chief executive officer. “This expansion underscores the importance of our local workforce and its ability to meet our customers’ needs, and build upon our founders’ legacy that began in 1902.  Bassett Furniture is committed to this community and greatly values our partnership with local and state officials, who were instrumental in helping get the project underway. Bassett Furniture is Henry County born and bred and we owe a large part of our success to the superior workforce that you find right here in southwest Virginia.”

The Virginia Economic Development Partnership worked with the Martinsville-Henry County Economic Development Corporation to secure the project for Virginia. The Mid-Atlantic Broadband Communities Corporation also offered vital assistance. Governor McDonnell approved a $50,000 grant from the Governor’s Opportunity Fund to assist Henry County with the project. Henry County will contribute $25,000 for site development. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.

“Bassett Furniture has called Henry County home for more than a century, and I cannot fathom what this community would be without it,” said Henry County Board of Supervisors Chairman Jim Adams. “Today’s announcement underscores the company’s commitment to this community. Our commitment to the company is just as strong. This is a great day.”

“We are proud that our open-access fiber optic network now connects Bassett Furniture to unlimited technology possibilities,” says Tad Deriso, President & CEO of Mid-Atlantic Broadband Communities Corporation. “We’re glad to be part of the team that ensures Bassett Furniture has the infrastructure, connectivity and resources they need to continue growing in Southern Virginia.”

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MID-ATLANTIC BROADBAND JOINS DYNAMIC SPECTRUM ALLIANCE


South Boston, VA – Dec. 2, 2013– The Mid-Atlantic Broadband Communities Corporation (MBC), a successful wholesale open-access network transport provider, announced today the company has joined the Dynamic Spectrum Alliance, a global initiative to help governments address wireless data growth and close the digital divide by advocating for laws and regulations that increase dynamic access to unused wireless spectrum, also known as TV White Space.

MBC’s participation as a member of the Dynamic Spectrum Alliance allows MBC to advocate for the state of Virginia, participate in key legislative discussions around broadband innovation and engage in TV White Space trials, key efforts toward bridging the digital divide in rural areas throughout the state. MBC’s TV White space trials currently underway with wireless ISP’s in Pittsylvania County, Greensville County, and Appomattox County include using TV white spaces radio technology to extend wireless broadband coverage to unserved communities that are not able to access DSL, cable modems, or other wired broadband technologies.

TV White Space spectrum refers to unassigned or unused television band frequencies by existing broadcasts or other licensees. Television broadcasts occupy designated channels, with the assignment of channels to broadcasts varying by location. Not all the designated channels are in use for broadcast in any given market, giving rise to White Spaces in which a channel that is not used for broadcast may be available for other purposes.

Dynamic Spectrum Alliance advocates for dynamic spectrum access technologies which can opportunistically utilize unused and inefficiently used radio frequencies, white spaces spectrum, to create various forms of wireless connectivity. One near term opportunity to globally leverage such technologies is in the unused television band frequencies.

“MBC is built on the foundation of ensuring our unserved communities are not left further behind when it comes to broadband access,” said Tad Deriso, MBC President & CEO. “There are wireless LTE deployments that are advancing the availability of broadband and those are great, but we still see a growth area in unlicensed spectrum to serve our rural unserved communities in a cost effective manner. Through the efforts with the Dynamic Spectrum Alliance, this will pave the way for introducing innovative new wireless technologies to address the need to bridge the wireless data and digital divide challenges. We want to be a part of the solution to ensure this type of spectrum is available here in our community.”

MBC owns and operates an advanced 1,600 mile open-access fiber optic network offering fiber connectivity to more than 70 communication towers within MBC’s 15,000 square mile region. MBC’s network has enabled joint test-bed projects with research universities, wireless equipment manufacturers, communications service providers and internet companies.

Media Contact
Anna Vue, Solsken PR
avue@solskenpr.com
(916) 595-8157

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