Business

Business Briefs

Seafirst Bank now Bank of America

On Monday, Sept. 27, Seafirst banks throughout the region

formally changed their name and logos to that of the "new" Bank of America.

Seafirst - founded in 1870 as Phillips, Horton and Company

and later named Seattle First Bank - became a subsidiary of BankAmerica

in 1983. The Seafirst name is being dropped as a result of the

October 1998 merger of NationsBank and BankAmerica, which created

the nation's first coast-to-coast banking company. The merged company is

the largest bank in the United States, with operations in 21 states and the

District of Columbia.

As part of the official unveiling, Bank of America announced it

is awarding over $700,000 in "Day One" grants to a variety of nonprofit

agencies throughout Washington state. In addition, on Oct. 2

approximately 3,000 bank employees will fan out through the state to perform

community volunteer service projects.

Seafirst customers will see the new signs at the region's branches, but

corporate spokesmen advise their banking services and account number

will not change. Customers can continue to use their existing checks and

deposit slips. Replacement ATM, debit and credit cards with the new Bank

of America name and logo should arrive by the end of November.

Bank of America currently employs over 8,400 in Washington at

235 banking centers and non-branch business units. The North Bend branch

is located at 128 Bendigo Blvd. And is managed by Anu

Sharma. Snoqualmie's branch is at 38565 S.E. River St., under the direction

of Carolyn Fischer.

Carnation company offers backup power systems

A Valley company has culminated four years of development work

with the introduction of noiseless, automatic backup power systems that

replace traditional noisy, portable generators in homes and offices.

The two new products, built by E-MultiSource Inc. of Carnation,

are available for immediate sale and are named

WinterglowTMand Com-ServTM. They utilize solid-state

inverters and heavy duty industrial batteries to supply silent, stored power

to all types of equipment and lights when utility power suddenly

fails. WinterglowTM is designed to run

modest-sized homes and offices, while

Com-ServTM is designed to operate large homes and medium-sized

offices.

According to E-MultiSource president Bill Petitjean, unlike

gasoline- powered generators which are noisy, hazardous and messy, his

company's products make virtually no noise, have no moving parts and require no

fuel because the batteries are automatically recharged using the power

company's electricity.

The new units take power from the home's main power panel and feed

it into the home circuits that require backup power. These include

refrigerators, gas or oil furnaces, microwaves, well pumps, sump

pumps, computers and lights of all kinds. A small amount of power is used

to charge the batteries so they are always ready for the next outage.

"The transfer to backup power is so quick and unnoticeable, even

TV sets and computers are not interrupted," says Petitjean. "Our

customers are amazed at how seamless and silent these units are when we

install one at their home. With 14 systems now in the field, we have many

anecdotal stories about power outages that have occurred without the home

owner even knowing they have ever happened.

"Our units are really little surge tanks of electricity that stand

between the home owner and the utility. It doesn't make any difference if

the power outage lasts three seconds or three days, the home owner no

longer sees it. We make the power company look `perfect,' and they didn't do

anything to make their distribution grid more reliable."

Petitjean's business was originally named the Petitjean Company,

was located in Fall City, and sold and installed large engine generators

into homes through eastern King County. With the development of

the WinterglowTM and

Com-ServTM systems, Petitjean renamed his

company and moved it to Carnation.

He adds he and his four employees have signed up Issaquah

Honda-Kubota as a new dealer and are actively recruiting additional dealers

in the Puget Sound Basin and Eastern Washington.

For more information on E-MultiSource's backup systems,

call (425) 333-5411 or e-mail at petinc@nwlink.com.

E-MultiSource is located at 30516 N.E. 55th St., Bldg. 101,

Carnation, WA 98014. They can be reached at (425)

333-5411.

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