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Waiting for word: EXTRA hopeful FAA will soon approve type certificate

Posted: Saturday, February 25, 2012 3:00 am | Updated: 7:58 pm, Fri Feb 24, 2012.

More reliable funding for the Federal Aviation Administration could propel a decision on EXTRA Aircraft's application for type certificate on two of its planes.

That, in turn, will help the company decide whether Montrose will become its new manufacturing home.

Germany-based EXTRA wants to relocate to the United States. The company initially selected Montrose as the home for its U.S. headquarters, but is now reconsidering Montrose, along with other locations, after a series of setbacks here.

More than a year ago, EXTRA applied to the FAA for acceptance of the type certificate on its EA 500 and 330 LP aircraft models. (The FAA uses type certification to ensure that manufacturers are in compliance with federal regulations for air-worthiness.)

EXTRA is still waiting for word on its application. As a result, its headquarters decision is in a holding pattern, said Ken Keith, CEO.

"What usually takes 90 days has taken 15 months," he said at Montrose Economic Development Corporation's annual meeting last week.

 

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Waiting for word: EXTRA hopeful FAA will soon approve type certificate

Why the word 'mango' might spell trouble online

There are certain words that online scammers use to suck the unsuspecting into their scams. "Acai" is one. "Mango" is another. A new study also suggests that Americans are generally more susceptible to scams than they'll admit.

This Mango is not a scam. This Mango has Kate Moss.

(Credit: Screenshot: Chris Matyszczyk/CNET)

At some point in every one of our days, we are moved by particular words.

We hear the word "love" directed at us and we melt. We hear "downsizing" and we shiver. And when someone says "Idol," for many what appears (at least this week) is the image of a 63-year-old rock star's moobs.

But what does the word "mango" do when you see or hear it? How about "acai"?

A fascinating--no, wait--depressing new study from PC Tools and the Ponemon Institute offers data that depicts Americans as highly gullible to specific words they see online.

At the broadest--and most disheartening--level, more than half of respondents to this survey said that they would provide personal or credit card information when offered one of these mouth-watering possibilities: An online prize, free antivirus software, or a get-rich quick opportunity.

Almost half said they would also give of their information when confronted with the offer of a free movie or an online shopping registration.

But some might find the keywords that signal online scams to be especially tormenting. PC Tools-- which, you will be stunned to hear, exists to protect people from online scams--offered a certain insight into scamming vocabulary.

These are the sorts of words its software looks for when it seeks out evildoers: "home," "work," "subscribe," "bill," "charges."

"Weight," too, is a word that sets off PC Tools' red lights. As are "fast," "burn," and "fat." Yes, "burn fat fast" is a set of words behind which lurks almost-certain deception.

However, it seems that "acai" and, of all things, "mango" are also words that tend to signal illicit tendencies.

Both words are associated, apparently, with diets and, therefore, diet scams. Indeed, diet-based lures--together with temptations involving working from home and mobile phones--are among the most prevalent of online scams.

Clearly, America is full of people who don't want to go to an office, fear becoming obese, and are desperate to pay as little as possible for their cell phones.

However, these researchers seem to imagine that Americans are ridiculously vulnerable to the impossible online promise. In this research, 62 percent of respondents said their friends would, they felt, hand over credit card information when confronted with the idea of getting rich quick or, indeed, working from home.

But these researchers are no mean psychological inducers. For, Richard Clooke, PC Tools' Online Security Expert, offered in a press release: "We generally find that when people are answering for others they are more inclined to reveal their true behavior."

So this weekend if you happen to see a message online that says "Burn fat faster while working from home and consuming acai and mango and get a free mobile phone subscription," it is, quite possibly, a false promise.

However, please feel safe if you adore the highly affordable (and remarkably slimming) clothing at Mango. You know this is not a scam. Just look at the Mango home page. There's Kate Moss. A rolling scam gathers no Moss.

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Why the word 'mango' might spell trouble online

Miners Saving the Silver Price?

Rick Santorum talks faith, freedom and fish in Michigan

Santorum trades his sweater vest for an apron at Michigan fish fry (Eric Gay/AP)WALLED LAKE, Mich. -- At this gathering of the multitudes, they brought more than just five loaves and two fish.

"I love the smell of fish on a Friday night!" a jubilant Rick Santorum exclaimed when he stepped into the packed gymnasium of a Catholic school here, where the scent of fried cod, shrimp and salmon was, as the former senator pointed out, indeed potent.

The Republican presidential candidate dropped in on a time-honored Catholic tradition of fishy fellowship to celebrate the first Friday of Lent fasting. For less than ten dollars, you could wolf down a full plate of fish, potatoes and bread, and  meet a man who could one day be president. Walking into the auditorium, Santorum removed his suit coat--did he give up his sweater vests for Lent?--and replaced it with a white apron emblazoned with the sign of the cross. As he stopped to sample the cuisine, reporters with cameras and notebooks swarmed him, only to be immediately scolded by a child who shouted, "Let the poor guy eat!"

Santorum made only brief remarks when he first entered the room, and then walked slowly around the tables, where he signed autographs on kids' arms and greeted the faithful before driving across town to deliver a meatier address on his new policy agenda later that night.

At the Knights of Columbus Hall in Lincoln Park, a blue-collar town south of Detroit, a smaller and more subdued audience awaited him. The room was set up with chairs only around the walls, which members of the press filled quickly, leaving most of his supporters standing in front of a stage, including a group of excited nuns from Ann Arbor. In his address--which lasted nearly an hour--Santorum waded methodically through a 10-point plan of economic proposals he vowed to set in motion in the first 100 days of his presidency. (Perhaps making people stand when you're giving an hour-long policy address is unkind, but it was far from the worst political optics of the day. That honor belonged to Mitt Romney, who delivered an economic address of his own to a nearly empty Ford Field.)

Most of the proposals were ideas Santorum has discussed in the past, including lifting regulations on business, eliminating the corporate tax on manufacturing, repealing the federal health care law and balancing the federal budget, but this was the first speech in which all of the ideas were packaged as a concrete agenda.

Speaking over the noise of two kids who had wandered to the back of the room to play a game that required them to scream for several minutes, Santorum spent most of the address discussing his manufacturing plan, highlighting his emphasis on blue-collar workers and the poor. Santorum's focus on manufacturing is a winner in Michigan, a state still reeling from a massive reduction in industry-related jobs in a place where the economy used to thrive because of them.

"I care about the very poor," he said, a jab at Mitt Romney, who was hammered last month for a statement that, out of context, suggested he didn't. "I'm a 100 percenter when it comes to a president. Not a 99 versus one."

Santorum also spelled out his plan to slash $5 trillion from the federal budget in five years, limit federal spending to 18 percent of the gross domestic product, cut the corporate tax rate for non-manufacturers in half and approve construction of the Keystone Pipeline.

Before he departed for the night, the candidate stepped down from the stage and shook hands with supporters. The group of nuns from Ann Arbor who watched the speech together in the center of the room shuffled toward him. Santorum, a devout Catholic, smiled and waved back, which made them giggle.

Rick Santorum poses with the Dominican Sisters of Mary Mother of the Eucharistin Lincoln Park, Mich. (Paul San …

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Rick Santorum talks faith, freedom and fish in Michigan

Social Entertainment Leader Milyoni Secures $11 Million in Funding

PLEASANTON, CA--(Marketwire -02/24/12)- Milyoni, the leader in social entertainment, today announced that it has secured $11 million in Series B financing led by Oak Investment Partners. Previous investors ATA Ventures and Thomvest Ventures also participated in the round. Milyoni will use the funding to further extend its product portfolio in bringing social entertainment experiences to fans on Facebook. The company will also expand its U.S. presence, with offices opening in Los Angeles and New York City.

"With more than 800 million users and growing, Facebook has established itself as a go-to platform for the discovery and consumption of content today," said John Corpus, founder and CEO. "In 2012, we anticipate an even greater shift in behavior, with more entertainment companies putting the marketing muscle behind their Facebook presence to further expand their selections of movies, music and other content on the platform. The way we see it, we're only in the first of a nine inning game."

Milyoni provides a new way for entertainment companies to take their Facebook presence to the next level by providing a fun, unique, shared and social experience to users. Using Social Cinema and Social Live, fans can easily view, like and comment during particular points within a movie, TV show, sporting event or concert and chat with friends while watching. Over the last year, Milyoni has powered some of the biggest social entertainment campaigns on Facebook and has stamped a number of innovative firsts, including the first PPV movie on Facebook, the first live PPV concert on Facebook, the first socially interactive movie and the first day-and-date movie release on Facebook.

"Oak Investment Partners is excited to join the Milyoni team to further extend their stronghold in the social entertainment arena," said Fred Harman, Managing Partner at Oak Investment Partners. "The company has shown tremendous traction and growth over the last year, hosting more than 100 titles on Facebook today. The audience for Milyoni's technology continues to expand along with Facebook's growth. We're confident that the Milyoni team has both the passion and experience to propel the company forward."

"We've believed in Milyoni from the beginning and have seen the company's growth mirror that of the entertainment industry's needs," said Hatch Graham, Managing Director, ATA Ventures. "Milyoni's technology has evolved into the powerhouse social entertainment platform it is today, and the company is poised to continue its leadership in the space. ATA Ventures is thrilled to be a supporting partner."

Milyoni is primed for an impressive 2012 with 15 current studio partnerships and dozens more in the pipeline. The company has more than 3,000 Social Cinema titles and over 50 Social Live events slated by year's end. Milyoni will continue to enrich studio interaction, administration and analytics functionality bringing unprecedented insight and engagement to the entertainment experience.

For more information, visit http://www.milyoni.com.

About Milyoni
Based in the San Francisco Bay Area, Milyoni, Inc. is the leader in social entertainment. The company's technology provides entertainment companies with a way to connect and engage with Facebook fans, and turn them into customers. Whether it's watching a live concert, movie or sporting event or shopping your favorite brands, Milyoni enables companies to monetize fans pages through a unique level of engagement and a shared, social experience. Milyoni's services reach over 150 million fans from industry leading customers, including Universal Pictures, Lionsgate, Paramount Studios, Big Air Studios, Austin City Limits Live, Turner Broadcasting, University of Oklahoma and The NBA to bring a variety of digital content and physical goods to fans on Facebook. For more information, visit http://www.milyoni.com.

About Oak Investment Partners
Oak Investment Partners is a multistage venture capital firm and a lead investor in the next generation of enduring growth companies. Since 1978 the firm has invested $9 billion in nearly 500 companies around the world, earning the trust of entrepreneurs with a senior team that delivers steady guidance, deep domain expertise and a consistent investment philosophy. Its current portfolio includes Bleacher Report, Demand Media, Federated Media, Good Technology, KAYAK Software, MobiTV, Rearden Commerce, and Wonga. Oak Investment Partners is also known for its historical investments in aQuantive, Allyes, AthenaHealth, Gmarket, HuffingtonPost, Inktomi, Netspend, Polycom, Seagate, and TeleAtlas.

About ATA Ventures
ATA Ventures is a venture capital firm focused on seeking out early stage private companies that appear to offer above average prospects for capital growth. With over $450 Million of capital under management, ATA Ventures focuses on Information Technology (IT) and provides seed capital and early stages of financing to these companies. For more information, visit http://ataventures.com.

About Thomvest Ventures
Thomvest Ventures is an early-stage venture capital firm committed to the success of our entrepreneur partners. We primarily focus on investments in areas where we have deep expertise and experience, including software, technology-enabled services, and hardware businesses. The capital we invest is our own, enabling us to be more creative, flexible and patient than many venture investors. More than two-thirds of the companies we have funded in the last decade have either gone public, been acquired, or continue to grow as independent businesses. For more information, visit http://www.thomvest.com.

Facebook® is a registered trademark of Facebook Inc.

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Social Entertainment Leader Milyoni Secures $11 Million in Funding