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4-Traders Homepage  >  Equities  >  Nasdaq  >  Artesian Resources Corporation    ARTNA

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Artesian Resources : Riviera Maya opens in new location

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07/06/2017 | 10:44am CEST

After outgrowing its location in Rising Sun Plaza, Riviera Maya opened in a new, larger space earlier this month.

The 9-year-old Mexican restaurant held a ribbon cutting ceremony on Saturday, June 24, to welcome customers to its new space at the former Townhouse Restaurant building at 100 Ryan Drive off of Telegraph Road.

The new building allows the restaurant to more than double its seating from 32 to 68 and customers are definitely taking advantage of the extra space, said Erika Medina, who has owned the restaurant since 2011.

Weve been busier than we expected, she said.

The restaurants outdoor deck has been particularly popular, Medina said. Riviera Maya now also has a bar area and has renovated the space with new Mexican-style tile flooring, new furniture, a new paint job and other renovations.

With the great response to the new location, Medina said shes in the process of hiring more staff and is still working out the kinks of running a larger business, noting she appreciates the patience of all the customers as the restaurant gets up to speed.

We appreciate all our loyal customers, she said.

The restaurant is open from 11 a.m. to 9 p.m. Mondays through Thursdays, from 11 a.m. to 9:30 p.m. Fridays and Saturdays, and 11 a.m. to 8 p.m. Sundays. Check them out if youre in the area.

Construction has started in earnest on the roundabout to be built at the intersection of Blue Ball Road and Telegraph Road (Route 273) near Rising Sun.

While the contractor, Congressional Contracting, of Potomac, ran into some issues with utilities, those issues have been resolved and excavation work is now underway, said Charlie Gischlar, a State Highway Administration spokesman.

That $2.4 million project is now slated to be finished in early spring, Gischlar said.

Meanwhile, two other roundabouts being built in the county are at various stages of completion. A roundabout being built at Appleton and Telegraph roads to replace the flashing light currently there is almost complete, Gischlar said. Work on that $2.1 million project began last fall.

But a third roundabout to be built at Red Toad Road and Muddy Lane has been delayed as SHA works with the community to put together a detour plan. That $3.1 million project will replace the existing three-way intersection there.

Some dirt should be moved there soon too, Gischlar said.

Allan Myers Construction, of Fallston, is the contractor for both the Muddy Lane and Appleton Road roundabouts.

Artesian Resources Corporation announced last month that it has appointed Joseph A. DiNunzio as president of Artesian Water Maryland, Inc. He previously served as executive vice president and corporate secretary of Artesian Resources Corporation and subsidiaries.

Artesian Water Maryland, Inc. was established in 2007 with the approval of the Maryland Public Service Commission and provides public water utility services to about 2,300 metered customers across Cecil County.

I am both humbled by the appointment as President of Artesian Water Maryland, Inc. and excited by the opportunities for growth in our Cecil County, Maryland service area. Our customers in Cecil County can expect to continue to receive the assured, reliable and high-quality water and superior service for which Artesian is known, DiNunzio said.

DiNunzio has served as executive vice president and secretary of Artesian Resources Corporation since 2007, and previously was senior vice president and secretary since March 2000 and vice president and secretary since January 1995. Prior to joining Artesian in 1989, he was with PriceWaterhouseCoopers LLP. DiNunzio resides in Cecil County with his wife, Gladys.

Joes leadership, integrity and commitment to upholding Artesians high standards of service to the customers and communities we serve have all played a critical role in our expansion into Cecil County and in Artesians continued success. I am proud to say that Joe not only is a valued Artesian employee but a friend and mentor to many in our organization, said Dian C. Taylor, chair, president and CEO of Artesian Resources Corp.

DiNunzio is a past chairman of the Cecil County Chamber of Commerce and a member of the board of the Cecil Business Leaders.

KCI Technologies Inc. was selected by ENR MidAtlantic as its 2017 Design Firm of the Year. The publication made the announcement in their June 19 issue as they released their annual top firms list, which is based on work performed in Delaware, Pennsylvania, Maryland, Virginia, West Virginia and Washington, D.C.

KCI, which has a Newark, Del., office, is used locally by both the towns of Elkton and Chesapeake City.

This year, KCI shot up four rankings to ninth. The firm has been ranked nationally among ENRs top 100 engineering firms for the last 12 years, landing at 75 this year.

The firm experienced unprecedented growth in 2016 both within the Mid-Atlantic region and nationwide. KCIs revenues jumped more than 20 percent over 2015, growing from $110 to $134 million in the Mid-Atlantic, and $169 to $205 million nationally. Overall, the firms professional staff grew by more than 250 individuals, or 20 percent, adding more than 100 new employees in the Mid-Atlantic area alone. In addition, under contract backlog at the end of 2016 was 35 percent higher than the year prior.

We directly attribute our performance to our incredible team of employee owners, President Nathan J. Beil said. Their hard work and dedication drive the company forward. They embrace our culture and deliver that experience directly to our clients.

APG Federal Credit Union (APGFCU), which serves both Cecil and Harford counties with 11 branches, recently announced two promotions and a new hire.

Barbara Lawson was promoted to vice president of APGFCUs member service center. Lawson has over 12 years of service with APGFCU, including roles as branch manager, assistant vice president of branch operations and assistant vice president of its member service center. Prior to joining APGFCU, Lawson was employed with MBNA America for 23 years.

Joelle Hash was promoted to vice president of branch operations. Hash has over 25 years of service with APGFCU, including roles as branch manager and assistant vice president of branch operations. She is a 2008 graduate of the Harford County Leadership Academy.

Meanwhile, Thomas Clemens was hired as a mortgage consultant, bringing more than 20 years of mortgage banking experience to APGFCU. Most recently, he served as senior mortgage banker with Bay Bank in Hunt Valley. Prior to that, Clemens held mortgage banking leadership roles including sales manager with Saxon Mortgage, account executive with ContiMortgage and mortgage branch manager with Eastern Savings Bank. Clemens is also a current member of both the Maryland and Pennsylvania Broker Associations.

(c) 2017 All rights reserved, content and design by Arrowmedia Israel Ltd. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 82,1 M
EBIT 2017 19,1 M
Net income 2017 -
Debt 2017 -
Yield 2017 2,38%
P/E ratio 2017 -
P/E ratio 2018
Capi. / Sales 2017 4,32x
Capi. / Sales 2018 4,16x
Capitalization 354 M
Chart ARTESIAN RESOURCES CORPORA
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Artesian Resources Corpora Technical Analysis Chart | ARTNA | US0431132085 | 4-Traders
Technical analysis trends ARTESIAN RESOURCES CORPORA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 41,0 $
Spread / Average Target 5,2%
Managers
NameTitle
Dian C. Taylor Chairman, President & Chief Executive Officer
John M. Thaeder Senior Vice President-Operations
David B. Spacht CFO, Treasurer & Principal Accounting Officer
Pierre A. Anderson Vice President-Information Technology
Nicholle Renee Taylor Director