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Seven Virginia Companies Chosen to Participate in State Export Program
-VALET program links public and private sectors; provides resources for Virginia businesses-
RICHMOND - The Virginia Economic Development Partnership today announced that seven companies have been selected to participate in the VALET (Virginia Leaders in Export Trade) Program. Launched in January 2002, the program assists exporters in the Commonwealth who have firmly established domestic operations and who are committed to international exporting as an expansion strategy. The first of its kind in the U.S., VALET provides capital, expert guidance and concrete solutions for businesses committed to expanding into international markets. Virginia Deputy Secretary of Commerce and Trade Matt Erskine welcomed the new VALET participants at an event in Richmond today.
Representing a wide variety of industries throughout the Commonwealth, the seven companies selected for the July 2002 VALET class are:
Delta-T Corporation/Alcohol Technology/Williamsburg
Marshall Miller & Associates, Inc./Energy & Environmental Engineering/Bluefield
Proxtronics, Inc./Dosimetry Systems/Springfield
Star Scientific, Inc./Technology-oriented Tobacco/Petersburg
Tex Tech Industries/Textile Engineering and Fabrication/Hampton
Turner Sculpture/Wildlife Sculptures/Onley
To take part in the program, each eligible business must complete an application process. Participating firms are chosen from a wide spectrum of industries based on their commitment to exporting. Each year, the Virginia Economic Development Partnership accepts 15 Virginia businesses into the program.
The program incorporates services from VALET Program Partners, a team of experienced international service providers who assist the VALET companies with their international goals. Service providers such as attorneys, web designers, bankers, translators and freight-forwarders contribute essential skills for expansion into international markets. The following 25 companies are VALET Program Partners:
ActiveMedia/Web Marketing & Promotions/Great Falls
Allegheny Brokerage Company/Export Control Compliance, Customs, Brokerage, Forwarding/Dublin
Bank of America/Financial Services/Richmond
Brown, Edwards & Co./International Tax Services, Export Tax Benefits/Roanoke
China Channel Limited*/Approaches to Seeking Business in China/Petersburg
CV International/Ocean, Air, Freight Forwarder, Transportation Provider/Norfolk
Global Law Group/Legal Services/Roanoke
Global Trade & Logistics Services, Inc./Export Compliance & Logistics Consulting/Richmond
The Language Group/Translation, Interpretation/Virginia Beach
Lasa Monroig & Veve/Legal Services/Washington D.C.
LeClair Ryan/Legal Services/Blacksburg
NexGen Communications/Export Software/New York, NY
Park & Company/Legal Services/Richmond
SunTrust Bank/Financial Services/Richmond
TNB Enterprises/Language Translation, Interpretations, Situation & Cultural Training/Roanoke
TRADOS, Inc./Translation, Interpretation/Alexandria
Transition Success Consulting*/Cross-cultural Education and Training/Alexandria
USF Worldwide/Freight Forwarding/Sterling
Williams Mullen/Legal Services/Richmond
Yusen Air & Sea Services, Inc./Customs Compliance & Brokerage/Chesapeake
*New Program Partner, July 2002
The Virginia Economic Development Partnership, a marketing organization, was created by the Virginia General Assembly in 1995 to encourage, stimulate, and support the development and expansion of the economy of the Commonwealth. The Partnership is a state authority, which is governed by a 15-member Board of Directors appointed by the Governor. To accomplish its objectives of promoting economic expansion within the Commonwealth, the Partnership focuses its efforts on business development and international trade. VEDP has offices in Virginia, Germany, Hong Kong, Mexico, Brazil, Korea and Japan.
To find out more about the VALET Program including requirements to become a VALET participant, visit www.ExportVirginia.org.