ATLANTA WILL TAKE THE TECHNOLOGICAL LEGACY OF THE OLYMPIC GAMES AND BUILD ON IT TO BECOME A WORLD LEADER IN THE TELECOMMUNICATIONS INDUSTRY, SAID GOV. ZELL MILLER AT THE OPENING OF THE GEORGIA CENTER FOR ADVANCED TELECOMMUNICATIONS TECHNOLOGY’S (GCATT) NEW RESEARCH CENTER ON JULY 17.
GCATT WAS FORMED IN 1991 AT THE GEORGIA INSTITUTE OF TECHNOLOGY AND IS A DIVISION OF THE GEORGIA RESEARCH ALLIANCE, AN ECONOMIC DEVELOPMENT PARTNERSHIP OF STATE GOVERNMENT, UNIVERSITIES AND INDUSTRY.
THE CENTER, LOCATED AT 250 14TH ST., NW WILL DRAW ON THIS INFRASTRUCTURE TO DEVELOP NEW TECHNOLOGIES AND APPLICATIONS FOR BOTH COMMERCIAL AND ACADEMIC USES, AND WILL HOUSE COLLABORATIVE PROJECTS AMONG LEADING INFORMATION INDUSTRY COMPANIES AND ALL SIX OF THE GEORGIA RESEARCH ALLIANCE UNIVERSITIES.
PROJECTS FEATURED AT GCATT’S OPENING INCLUDED ADVANCED TECHNOLOGIES ALREADY IN USE LOCALLY, SUCH AS A TELEMEDICINE NETWORK DEVELOPED BY THE MEDICAL COLLEGE OF GEORGIA THAT ALLOWED MR. MILLER TO CHECK HIS BLOOD OXYGEN, PULSE AND BLOOD PRESSURE VIA COMPUTER, WHILE A DOCTOR SUPERVISED FROM A REMOTE LOCATION, AND EASTMAN KODAK’S CINEON DIGITAL FILM SYSTEM, WHICH HELPS FILMMAKERS CREATE A VARIETY OF COMPUTERIZED SPECIAL EFFECTS.
THE 150,000 SQUARE FOOT CENTER WAS BUILT WITH $24 MILLION FROM THE STATE OF GEORGIA, AND $5 MILLION FROM COMPANIES INCLUDING BELLSOUTH, EQUIFAX, SCIENTIFIC-ATLANTA AND TURNER BROADCASTING SYSTEM.
FOR MORE INFORMATION ABOUT GCATT CALL STEVEN SPELL AT (404) 894-1698.
SUMMIT BANK CORP. REPORTED EARNINGS OF $466,000, OR 29-CENTS PER SHARE, FOR THE SECOND QUARTER THAT ENDED JUNE 30, AN INCREASE OF 25% OVER THE $374,000, OR 24-CENTS PER SHARE, NETTED DURING THE YEAR AGO PERIOD.
FOR THE FIRST SIX MONTHS THIS YEAR, SUMMIT SAID ITS EARNINGS INCREASED 45% TO $1,067,000, OR 67-CENTS PER SHARE, OVER LAST YEAR’S $737,000, OR 48-CENTS PER SHARE.
MANAGEMENT ATTRIBUTES THE IMPROVEMENT TO INCREASED NET INTEREST INCOME RESULTING FROM ASSET GROWTH AND STRONGER GAINS FROM THE SALE OF SMALL BUSINESS ADMINISTRATION LOANS.
SUMMIT BANK CORP. IS THE PARENT OF SUMMIT NATIONAL BANK, FULL-SERVICE COMMUNITY BANK SPECIALIZING IN SMALL BUSINESS AND INTERNATIONAL MARKETS.
CALL GARY MCCLUNG, EXECUTIVE VICE PRESIDENT, SUMMIT NATIONAL BANK, (770) 454-0400.