Newspaper article THE JOURNAL RECORD

Chickasaw Holding Spins off Its Technology Division

Newspaper article THE JOURNAL RECORD

Chickasaw Holding Spins off Its Technology Division

Article excerpt

Chickasaw Holding Co.'s technology division, Chickasaw Technology, has become a stand-alone enterprise operating under the name Apigent Solutions.

Oklahoma City-based Apigent is an application service provider that provides operations managers in the food service, convenience store, retail, grocery, chain drug and hospitality industries with a proprietary suite of Internet-based operations management products and services.

Jim Peterson is chairman for Apigent. Peterson was chairman, president and CEO of Bojangles' Restaurants, and president and CEO of Whataburger Inc., a chain of more than 550 drive-in restaurants.

Peterson also serves as co-chairman of the International Franchise Association and as a board member of the National Restaurant Association, where he is a past chairman and past president.

Jim Melvin is CEO of the new company. Melvin is founder and former CEO of Compris Technology and the architect of that company's point-of-sale software.

"Apigent Solutions relies on the technical and operations expertise of our senior management team to create innovative technology solutions to common business operations problems," says Melvin. "Our understanding of the challenges facing managers in the industries that we serve enables us to design products and services that solve specific tactical operations issues."

Apigent's products and services -- including its flagship product -- integrate and extend existing information systems to transform raw operations data into information that can be accessed from any computer or wireless device.

Oklahoma City-based Chickasaw Holding is a $150 million telecommunications company with nearly 150,000 customers in more than 30 states. Chickasaw remains a major shareholder in Apigent.

More tag legislation

A bill that would correct problems with the auto tag referendum will be filed for the upcoming legislative session, Rep. Wayne Pettigrew announced Tuesday.

The legislation would prohibit excise tax from being levied when a car buyer transfers an unpaid balance on a previously owned car to the purchase of a new car.

"The situation often occurs when people who are upside down in their current note purchase another car," Pettigrew said.

The Edmond Republican said that the problem is occurring because the new law charges the excise tax of 3.25 percent on the actual sales price of the automobile being purchased. "What is happening is that the balance transfer is added to the purchase price of the car to arrive at what is considered the sales price of the vehicle," he said. "This means you end up paying 3.25 percent excise tax on the transfer amount of your old note.

"If a person were to transfer $8,000 to the purchase price of a $20,000 new car they would be responsible for paying excise tax on $28,000, which would be approximately $910."

He said that under his amended version of the bill that same car would cost the consumer about $300 less.

Watonga plant closing

More than 250 employees at a Watonga yarn spinning plant will be looking for new jobs once the plant closes in early January.

According to Beaulieu of America officials, the plant was not efficient enough to run compared to the company's other plants. Another Beaulieu plant in Anadarko was closed in October.

"We're seeing more than just a slowdown, a function of seasonal demands," said Bruce Bowers, a senior vice president at Beaulieu's headquarters in Dalton, Ga.

"The carpet industry is becoming a smaller segment in the total flooring market."

He said the plant closing was not a reflection of the quality of product coming from the plant or the work being done by employees. Bowers said the bottom line was what determined the closing.

When the plant shuts down, 262 workers will be unemployed and $4.5 million in payroll will have been lost. …

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