Transactions

Aina Koa Pono

AKP was established 2 1/2 years ago to develop renewable energy solutionsthat are sustainable, reliable, environmentally sound, and generators of local economic development opportunities in Hawaii, using proven, commercially tested technology. In our first project, which will be located on the island of Hawaii in the Ka'u district, AKP will produce biodiesel, electricity and biogasoline. AKP currently has a 23 year lease in place with the Olson Trust and the Mallick family for use of 13,000 acres of farmland for growing our feedstock. The land was previously owned by C. Brewer and sugar cane was grown until 1996. The land has been lying fallow for the last 14 years.

On Thursday January 6, 2011 AKP signed a 20 year off-take agreement with Hawaiian Electric(HECO) for 16 million gallons of biodiesel per year. We will also produce 2.7 megawatts of electricity and we are currently in negotiations for an off-take agreement with a company for 8 million gallons of biogasoline per year.

Hoku Solar

Hoku Solar, a Hoku Scientific Company, installed Photovoltaic Energy Systems at seven Hawaii Department of Transportation facilities in order to reduce electrical consumption at these sites. Over their 20-year lifetime, the solar power systems are expected to produce more than 24 million kilowatt-hours of clean solar power and off-set more than 12,000 tons of carbon dioxide emissions.

Sennet Capital arranged the financing and helped structure the deal.

Innovasc

Innovasc is a biotechnology company focusing on the development of alternatives to stent technology, a $7 billion market. Innovasc’s products permit minimal injury balloon angioplasty and minimal footprint tacking of blood vessel blockages. Stents are widely used to treat blood vessel blockage and have enjoyed a rapidly growing market, but complications from stents are significant, prompting doctors and patients look for safer treatment options.

Innovasc offers a treatment platform comprised of two devices that enable drug-eluting balloon therapy. A prototype for each device has been produced, patents have been filed, one device has been through preclinical ‘proof of concept’ studies and plans for human studies are under way. An aggressive team has developed a regulatory plan and a pathway to the market. The opportunity for Innovasc includes the stent market for lower extremity and coronary arteries.

Sprout

Sprout helps brands naturally engage their audience across the social graphs. The Sprout platform removes a barrier that has been plaguing new media marketers for years – How to quickly create engaging brand experiences that are easily transportable across Facebook, MySpace and other social networks without needing expensive development resources. To learn more, please visit http://sproutinc.com.

Anthology Marketing Group

Anthology Marketing Group is the largest integrated marketing services firm based in Hawaii and among the leading such firms in the western U.S. Its four marketing disciplines --advertising, public relations, interactive and market research – represent capitalized billings in excess of $90 million and 130 employees in Honolulu, Seattle and the Bay Area. AMG was created through the acquisition of Starr Seigle Communications, Inc. by McNeil Wilson Communications, Inc. and its sister company Laird Christianson Advertising, Inc.

Sennet Capital acted as intermediary, structuring and brokering a deal in which the best aspects of each party were preserved, while helping to create a new entity which has far surpassed the potential of each entity operating separately. In bringing the parties together, Sennet furnished not only structuring and analytical advice, but also served as a trusted facilitator, working with the parties and their respective partner groups to find mutually acceptable resolutions to concerns and issues in order to bring the transaction to a harmonious conclusion, illustrating Sennet’s approach of bringing more than financial, technical and transactional expertise to its clients by providing hands-on personal involvement to address real issues real-time.

In addition to advisory services, Sennet Capital assisted the Anthology principals by providing financial analysis, financing support, and working with a tax consultant to determine optimum tax strategies. Significantly, Anthology management has stated publicly that the deal would not have been consummated had it not been for Sennet’s role.

uBoost

uBoost is an online performance recognition and rewards platform where points are awarded for positive behaviors and redeemed for relevant rewards. uBoost works across all age groups, curricula, and achievement levels and offers educators an innovative way to recognize incremental improvement.

Recognition in the form of points, performance-based honor badges, and a coveted spot on achiever leader-boards encourage students to put forth maximum effort. Students are able to choose rewards that interest them - they can support their favorite charitable cause, customize their own safe, virtual environment or participate in contests to win premium rewards such as iPods and Amazon.com gift cards. To maintain engagement, uBoost continues to offer new rewards and contests to keep up with students' changing interests and to ensure relevance throughout the school year. uBoost partners directly with web-based educational publishers, district administrators, online schools, tutoring companies, and private education companies to design and implement recognition and rewards programs that further their missions. uBoost serves students in all 50 states and over 60 countries throughout the world.
For more information, visit www.uboost.com or call 808.377.4810.

Hoike Technology/Century Computers

Sennet Capital facilitated the merger between Heike Technology and Century Computers. Heike Technology is an information technology services firm which is part of Island Holdings, a diversified corporation with $500 million in assets, including Island Insurance Company, Ltd., the largest minority-owned insurance company in the U.S., which has been in Hawaii for almost 70 years.

Century Computers, Inc., is also an information technology services company that provides a range of business services to companies throughout the state in areas of networking support services, data center and server management, document managment and scanning services, IT training support and other IT business solutions.

PCLender.com

PCLender.com is the leading provider of enterprise mortgage lending technology solutions that ensure compliance and profitability. Its suite of SaaS applications, including the award-winning loan origination system, InHouse Mortgage, has revolutionized the ways that mortgage companies, banks and credit unions manage the complete life-cycle of the mortgage loan process.

PCLender.com is dedicated to providing mortgage lenders with the highest level of compliance and service for streamlining the mortgage business while maximizing lending efficiencies and increasing profitability. The PCLender.com platform is an end-to-end, Web-based solution that delivers the ability to apply online, originate, process, approve, close, and deliver loans to secondary market investors. PCLender.com’s cost effective solutions provide a seamless process that can be customized to fit a mortgage lenders’ specific needs and implemented within 30 days.

The PCLender.com platform is currently used by over 235 lenders and is a critical component in their processing of over a billion dollars a month in funded loans.

Broadband iTV

BROADBAND iTV (BBiTV)

Broadband iTV (BBiTV) developed innovative Web-to-Cable TV applications in 2003 - 2005, including the first-in-the nation TVClassifieds system on Honolulu's Oceanic Time Warner Cable. In July 2004, BBiTV filed "P1", a patent encapsulating two BBiTB innovations. In 2006, the company shifted focus to a strategy of intellectual property development and licensing, and additional U.S. and international patents filed in 2007.

Commencing in April 2009, the U.S. Patent & Trademark Office awarded three patents to BBiTV; China, Singapore and Australia also awarded patents in their countries. Whit the securing of these key, brad based, fundamental IP assets, BBiTV embarked on a plan to monetize the patent portfolio:

  • The portfolio was extended, to increase the opportunities for infringement, with an additional 12 U.S. and international patents now pending;
  • Extensive research and documentation of infringement of BBiTV intellectual property in the U.S. cable and digital television industries was conducted; and
  • A portfolio auction was executed with a leading Silicon Valley IP brokerage firm as well as three major law firms on the mainland that have national reputations and excellent track records for prosecution infringement claims.
Growers Secret

GROWER'S SECRET

Grower's Secret produces one of the most effective plant growth energizers from all natural ingredients having nine issued patents and many potential additional applications. Based in Maui, Hawaii and founded in 1998, ABR's Grower's Secret products provide up to 30% or more increased growth, shorter crop cycle, increased resistance to pests, and longer shelf life. Our products are non-toxic, biodegradable, and have the ability to work with a variety of other products for additional advantages ("Grower's Secret Inside") -- all in a highly concentrated liquid. For more than three years, growers in Hawaii have stood by the results of Grower's Secret.

ABR's Grower's Secret products offer safe, all natural, high yield plant growth energizers of supreme quality. ABR's agricultural products and applications not only increase crop yields per acre and profitability but they also promotes good stewardship of our natural resources. ABR also maintains an active research program to develop new uses for existing products.