Corporate Report: May 21 - May 26

Connectyx Tech to raise capital, develop sales plans
Palm City-based Connectyx Technologies Holdings Group Inc. has retained broker dealer CP Capital Securities to try to raise $3 million in new capital, and also plans to develop new sales strategies to expand its presence in the rapidly growing electronic health record market.

The company is preparing to launch the MedFlash Personal Health Network that will allow the MedFlash device and online personal health manager to synchronize with such resources as smart phones and online services like Google Health and Microsoft Health Vault.

Connectyx also recently signed separate agreements with ConsultaDoctor to provide its MedFlash system to the more than 36 million Americans currently being treated via telemedicine, and with Fonemed to offer MedFlash members its new concierge service, which includes round-the-clock telephone or Web-based medical advice, information, products and services.

CP Capital Securities offers a wide range of corporate finance services, specializing in private placements, start-up and early stage companies.

Progress Energy Florida plans to freeze base rates
Progress Energy Florida, Florida Attorney General Bill McCollum, the Florida Office of Public Counsel and other groups have agreed to freeze base rates of the St. Petersburg-based energy company through the end of 2012.

“Progress Energy Florida is pleased to have reached a fair agreement that will benefit customers by keeping base rates stable during this challenging economic environment,” Vincent M. Dolan, president and CEO, said in a press release.

The agreement is subject to approval by the Florida Public Service Commission, which is expected to consider it at its June 1 meeting. Progress Energy's pending motion for reconsideration and accounting order petitions will also be withdrawn.

The company projects its return on equity will remain at 10.5%; it will be allowed to ask for a rate adjustment if its ROE falls below 9.5%.
Residential customers who use 1,000 kilowatt-hours a month pay $48.58 in base rate.

Progress Energy Florida, a subsidiary of Progress Energy, provides electricity and related services to more than 1.6 million customers from St. Petersburg and Clearwater to Orlando.

Sunovia brings LEDs tech to parking-garage lights
Sarasota-based Sunovia Energy Technologies has launched a line of LED parking-garage lights focused on reducing energy consumption and designed to last 12 years with a major installation at a parking facility near the State of New York Capital building in Albany.

More than 100, 175-watt, high-pressure sodium lights at the five-level building were replaced with Sunovia's 90-watt EvoLucia LED PS14 parking-garage lights, reducing energy usage by slightly less than 50%.

Sunovia Energy Technologies develops and markets products within the LED lighting and solar markets.

MobileBits Holdings picks Kostiuk as new CEO
MobileBits Holdings Corp., a Sarasota technology company, has appointed Walter Kostiuk as CEO and chairman of the board.

Kostiuk has more than15 years of experience in the wireless software industry. Most recently, he held a leadership position at Italian software company Expert System, responsible for its mobile and Internet search strategy and its information/communications analysis software platform. For more than six years, he held senior management positions at Research in Motion, maker of the BlackBerry smartphone. Additionally, Kostiuk was vice president of global business development at AskMeNow, a mobile Q&A service company.

“MobileBits is well positioned to capitalize on the explosion of the mobile economy,” he said. “The company's unique approach to search, created specifically for the mobile Internet, connects to the most popular content through one simple solution.” The company plans to introduce the rest of a new executive team and board soon.

Boar's Head meets NYC's reduced salt target level
Sarasota-based Boar's Head Provisions Co. Inc. has met the York City Department of Health's National Salt Reduction Initiative 2012 target levels for sodium in deli cold cuts and cheeses, making it the nation's first provider of such foods to meet the initiative's goal.

“Reaching these levels in advance of the proposed deadline reflects the commitment [we] made early in January 2010, when New York City Mayor Bloomberg contacted [us] about the NSRI targets for packaged and restaurant foods,” Michael Martella, company president, said in a press release.

“Boar's Head continuously maintains a leadership role in upholding the health and wellness status of its products.”

The NSRI, a New York City-led partnership of 18 national health organizations and 29 city and state health authorities and their associations, set targets for a voluntary reduction of the amount of salt in packaged and restaurant foods by 25% over five years.