New Jersey: Atlantic City - Profile and Business Opportunites

Feb. 27, 2011 - PRLog -- "It's not exactly what I thought, but it's not bad compared to what we've seen in the past," said A.C. City Council President William "Speedy" Marsh said.

Flanked by budget advisor Arthur Bunting Jr., Mayor Langford debuted an estimated 6,936,000 dollar budget for Atlantic City.

"We're at your disposal in any recommendations and suggestions certainly that you have," Mayor Langford said as he addressed the council.

"In the next week or two we will be meeting with the different department heads, committee chairs to break these budgets down to the "inth" degree, so we can make sure we can do the best by the taxpayers." Marsh said.

The budget was nearly even, but an eight cent tax increase had to be added as a result of tax appeals which dropped the total city valuation by one billion dollars. State imposed pension requirements also added to the increase.

A Tampa, Fla.-based company bought a permit to build a commercial television station in the Atlantic City area for a $3.8 million bid during a Federal Communications Commission auction.

Western Pacific Broadcast LLC outbid two other companies during the three-day online auction last week for the right to build a digital VHF, or very high frequency, channel.

In a southern New Jersey television market often overshadowed by Philadelphia and New York stations, the creation of a local station is a rarity.

Western Pacific Broadcast is a recently created company that owns no other television stations, a distinction which gave it a bidding credit that reduced its bid price by 35 percent off the winning $3.8 million bid for VHF channel 4.

Its owners also own Richland Towers in Tampa, which leases communications infrastructure on television and radio towers to broadcast industries across the country, including a tower in West Orange, Essex County, said David Denton, senior vice president for sales and marketing.

There are no firm plans for where the local television station would be located or what types of programming it would offer, he said.

"It's just very early for us. We think it's a great market. It's got a large number of people to be reached," he said.

The full-power station will be a must-carry, Denton said, meaning local cable and satellite TV providers will have to offer it.

One dynamic star on the U.S. business scene is The ACFN ATM Franchise Business, headquartered in San Jose, California, where the company was ranked by the Business Journal as the 43rd Fastest Growing Private Company in Silicon Valley for 2007 - 2009.

Entrepreneur Magazine's Franchise 500 listing for 2010 ranks ACFN, the only ATM franchise business in the US, #1 in category "Miscellaneous Financial Services".

ACFN the innovative ATM Franchise Business based in Silicon Valley, is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses.

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About  ACFN

http://www.youtube.com/watch?v=y2DuNabUgNA



Find out how you can benefit from ACFN to help deliver return on investment, positive cash flow and improved revenue.

More information is available at:

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American Consumer Financial Network (ACFN)
111 W. St. John St
Sixth Floor
San Jose, CA 95113

Tel: 888-794-2236

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ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 170 franchises, 1400 ATM Machines in the US and Canada.