07fallPetters_master 9/10/07 4:58 PM Page 1 - Tiffany Nash
07fallPetters_master 9/10/07 4:58 PM Page 1 - Tiffany Nash
07fallPetters_master 9/10/07 4:58 PM Page 1 - Tiffany Nash
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<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/<strong>10</strong>/<strong>07</strong> 4:<strong>58</strong> <strong>PM</strong> <strong>Page</strong> 1
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::<br />
TABLE of CONTENTS<br />
36 ON THE COVER<br />
JUICE<br />
customers through Juice Media’s new JuiceMetrIQs CRM tool.<br />
MEDIA WORLDWIDE ::Get to know your<br />
40<br />
:::::::::::::::::::::::<br />
features<br />
26 :: MAKING A DIFFERENCE<br />
JOHN FREDERICKSEN<br />
Sun Country employees focus on customers;<br />
John Fredericksen focuses on the employee<br />
relations.<br />
28 :: EXECUTIVE PROFILE<br />
DAVID BAER<br />
David Baer – a lawyer who would rather be<br />
proactive than reactive and take a holistic<br />
approach to advising.<br />
34 :: INSIDE GLANCE<br />
PETTERS CAPITAL<br />
Petters Capital, as a nimble merchant bank yet<br />
sophisticated enough to handle the global<br />
financial activities of Petters Group Worldwide<br />
and its portfolio companies.<br />
galleries<br />
18 :: JOHN T. PETTERS FOUNDATION<br />
20<strong>07</strong> Legacy Gala gives guests<br />
“A Night in Beijing”<br />
22 :: CHARITABLE GIVING GALLERY<br />
From swinging a hammer to<br />
swinging a golf club<br />
44 :: PEOPLE & PLACES<br />
The Minnetonka office goes to<br />
the dogs for a day<br />
44<br />
IN every ISSUE<br />
4 letter from tom :: 6 letter from andrea :: 8 around the companies :: 24 connecting points ::
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> 3<br />
:::::::::::::::::::::::::::::::::::::<br />
departments<br />
32 :: LEARNING CENTER<br />
Planning for the future through<br />
innovative programs<br />
40 :: CORNERSTONES<br />
RELATIONSHIP MANAGEMENT<br />
Beyond book learning –<br />
summer interns invade<br />
42 :: CORE VALUES<br />
INNOVATION Your fingerprint can<br />
open new worlds<br />
CARING Take a T.K.O. stretch<br />
by Dr. James Mellin<br />
15<br />
18<br />
34<br />
30 XX where where in the in the world world is tom? is tom? :: :: 45 XX the the petters petters matrix matrix :: :: 46 XX reality reality bytes bytes<br />
9<br />
FALL 2006<br />
::
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/<strong>10</strong>/<strong>07</strong> 3:55 <strong>PM</strong> <strong>Page</strong> 4<br />
LETTER from TOM<br />
Dear Friends, I hope you all had a great<br />
summer! This time of year seems to bring renewal to the mind,<br />
body and spirit. This is essential to bring balance to our lives<br />
in an increasingly complex and demanding world.<br />
It seems that there are more and more pressures in the<br />
business world as we move toward a global economy and<br />
uncertainty in the financial markets in the second half of 20<strong>07</strong>.<br />
This makes it extremely important that we set down goals and<br />
execute against these goals. Execution is one of the key core<br />
values of our company. Without superb execution we will not<br />
accomplish our mission to achieve outstanding results this year.<br />
I saw many signs of progress throughout our companies this<br />
summer. In particular I was impressed with the team of interns<br />
we had on board for the past several months. Their presence<br />
seemed to give us energy and ideas which add value to our<br />
4 :: PETTERSGROUP<br />
various businesses. They also underscored the importance of<br />
execution in our pursuits – simply said we need to Execute for<br />
Excellence! Overall I am encouraged and optimistic about our<br />
future based upon our most important asset – you – the people<br />
make up the companies of Petters Group as well as all our friends<br />
and business associates.<br />
On another front, we just completed a very successful<br />
Legacy Gala for the John T. Petters Foundation. We will be able<br />
to double the number of scholarships we are able to offer as a<br />
result of the tremendous support we received. This was the best<br />
event in Minnesota thanks to our employees and volunteers.<br />
Lastly, we just purchased two more planes for Sun Country<br />
It’s the repetition of<br />
affirmations that leads to<br />
belief. And once that belief<br />
becomes a deep conviction,<br />
things begin to happen.<br />
MUHAMMAD ALI<br />
and they are beautiful. Our very successful television and radio<br />
commercial campaigns are creating excitement all over the Twin<br />
Cities and the business community is responding. This summer<br />
was a great one for Sun Country.<br />
I want to conclude by thanking all of you for your hard work,<br />
your dedication and your commitment to execution. You inspire<br />
me, give me energy and I am proud to be your partner in<br />
continuing to build this dynamic group of companies!<br />
TOM PETTERS
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<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/<strong>10</strong>/<strong>07</strong> 3:55 <strong>PM</strong> <strong>Page</strong> 6<br />
LETTER from ANDREA<br />
6 :: PETTERSGROUP<br />
HITTING THE NAIL<br />
ON THE HEAD<br />
Many years ago, while I was traveling overseas during college, I went to a seaside town in<br />
England, where our a wonderful tour guide told us how many of our English sayings originated.<br />
Stands on the docks were called nails, and when the fishermen came into port, they<br />
would barter the price of their catch. When a price they liked was reached, they would hit the top (head) of the<br />
stand (nail) and call it a deal – hitting the nail on the head.<br />
I had not thought about that story in years until the recent move into our new building. While we were<br />
adjusting décor and hanging pictures, I was hesitant to pound a nail into the newly painted, perfectly smooth<br />
wall. Someone said to just hit the nail on the head and make it permanent. In our ever changing companies,<br />
how often do we get to say “make it permanent”?<br />
70 years ago when Dr. Land, the founder of Polaroid, was working on his first project, did he wonder about<br />
its ability to succeed? For some, it is a scary concept to make a commitment, but, as many of the companies<br />
within the Petters Group portfolio are finding out, making a commitment to a project or product reaps great<br />
benefits. In this publication, you will learn about Sun Country Airlines’ marketing campaign, which has contributed<br />
to increased load capacity, Juice Media Worldwide’s launch of their Juice MetrIQs tool and you will<br />
learn how a retraining program at Polaroid is receiving national attention. These and many more stories we are<br />
sharing reflect examples of people and companies making a commitment to a deal and who have successfully<br />
hit the nail on the head.<br />
ANDREA MILLER
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> 7<br />
VOLUME 2 ISSUE 1<br />
PUBLISHER Thomas J. Petters<br />
EDITORIAL<br />
EDITOR Andrea Miller<br />
andrea.miller@pettersgroup.com<br />
ASSISTANT EDITORS & WRITERS<br />
<strong>Tiffany</strong> <strong>Nash</strong>, Katherine Harlander-Locke<br />
CONTRIBUTING WRITERS Theo Brasch, Tristan Galvan,<br />
Jenna Gebeke, Tom Gilgenbach, Stephanie Halvorson, Penny<br />
Locey, Dr. James Mellin, Liz Orenstein, Christine Ortenzio,<br />
Lorrie Parent, Bob Safford, Matthew Volkman<br />
ART<br />
PRODUCTION MANAGER Yola Hartmann<br />
CREATIVE COORDINATOR Sarah Sucansky<br />
DESIGN/ART DIRECTION Dana Oelfke<br />
CONTRIBUTING DESIGNERS<br />
Emily Bretzel, Dave Koehler<br />
CONTRIBUTING PHOTOGRAPHERS<br />
Todd Buchanan, Leif Hillestad<br />
CIRCULATION<br />
CIRCULATION DIRECTOR Corey McMahon<br />
CIRCULATION ASSISTANT Jessica French<br />
ADVISORY BOARD<br />
Bill Dunlap, Patty Hamm, Mary Jeffries<br />
Special thank-you to the staff of Metropolitan Media<br />
Group for all their assistance in producing the<br />
Petters Group magazine.<br />
——————————————————————————<br />
HOW TO REACH US<br />
ADDRESS > Petters Group Worldwide<br />
4400 Baker Rd.,<br />
Minnetonka, MN 55343<br />
Provide feedback, story ideas and events to<br />
magazine@pettersgroup.com<br />
REPRINTS > Contact <strong>Tiffany</strong> <strong>Nash</strong> at<br />
tiffany.nash@pettersgroup.com<br />
——————————————————————————<br />
© Copyright 20<strong>07</strong> Petters Group Worldwide, LLC,<br />
all rights reserved. The opinions of the columnists<br />
are their own.<br />
Petters Group is published by Metropolitan Media Group<br />
exclusively for Petters Group Worldwide.
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> 8<br />
:: UPFRONT around the companies<br />
SNAP SHOT ::<br />
NEW POLAROID CEO<br />
MICHAEL LONDON<br />
In mid-August, Michael London joined<br />
Polaroid as their Chief Executive Officer. As a<br />
35-year retail veteran, London is known for<br />
his expertise and focus on innovation, differentiation<br />
and execution with a customer focus. “We<br />
are looking forward to combining Michael’s industry<br />
expertise with Polaroid’s strong brand,” Tom<br />
Petters, Chairman of Petters Group and Polaroid<br />
said. “He brings his knowledge of the marketplace,<br />
product development, product sourcing and<br />
professional management expertise that will be<br />
invaluable to Polaroid.”<br />
London began his career with Lechmere Sales<br />
before serving at Best Buy from 1996-2006. In his<br />
tenure with Best Buy he served in a number of<br />
positions including EVP Merchandising, EVP<br />
Customer Centricity and EVP Global Sourcing. At<br />
Polaroid, London will focus on the strategy to<br />
grow the Polaroid brand globally and the expansion<br />
and profitability of Polaroid’s consumer electronics<br />
line which includes LCD television,<br />
portable DVD players, digital cameras, other<br />
related products which are achieving significant<br />
8 :: PETTERSGROUP<br />
impacts in the CE marketplace. Polaroid’s LCDs<br />
currently rank number two on the NPAA/Twice<br />
ratings report. ”I am looking forward to working<br />
with Polaroid because they have such strong<br />
brand recognition, high purchase favorability and<br />
innovative technology,” London said.<br />
London feels it is critical to understand the<br />
needs of Polaroid’s customers and retail partners in<br />
order to operate effectively and efficiently and differentiate<br />
Polaroid in the marketplace and create an<br />
environment of entrepreneurship and innovation.<br />
“I believe the Polaroid management team and<br />
its employees in combination with Petters Group<br />
will accelerate the Polaroid growth strategy and<br />
perpetuate Polaroid’s long history of leadership in<br />
the market place,” London said.<br />
Described as an innovative leader, London<br />
feels you need to enable your teams to make<br />
decisions in order for them to grow and achieve<br />
results. “The insights he provides to the people<br />
he works with allows everyone to reach<br />
beyond their boundaries and accomplish their<br />
goals,” Petters said.<br />
COMING TO A STORE<br />
NEAR YOU ::<br />
Digital Signage the<br />
New Advertising Media<br />
Recently, there have been many<br />
technological innovations that have<br />
transformed the advertising<br />
industry – one of these being<br />
digital signage. Developed over the<br />
last decade, this technology and<br />
has revolutionized the way<br />
advertisers deliver their messages<br />
to consumers. Not only does<br />
digital signage provide a multitude<br />
of possibilities for advertisers to<br />
reach their key demographic<br />
market, but also provides a larger<br />
advertising medium.<br />
BroadSign International, an<br />
investment of Petters Group<br />
Worldwide, is a leader in the digital<br />
signage industry, and provides the<br />
‘next’ generation of software<br />
solutions for operating digital<br />
signage (captive audience)<br />
networks. BroadSign is not just any<br />
digital signage company. The<br />
product they offer reliably<br />
distributes and plays back media<br />
files fulfilling simple or complex<br />
insertion orders. Essentially, this<br />
means that their software allows<br />
advertisers not only to tailor ads to<br />
a specific market demographic, but<br />
they can also be programmed to<br />
automatically adapt those<br />
messages to the specific location,<br />
conditions, time, and needs of the<br />
venue in which the digital sign is<br />
placed. “We allow advertisers to<br />
get the right message to the right<br />
people at the right time,” explains<br />
Rick Engels, BroadSign CEO and<br />
President.<br />
When looking towards the<br />
future of the industry and<br />
company, BroadSign is confident in<br />
their ability to compete. “The<br />
digital signage market is very<br />
fragmented,” explains David<br />
Womeldorf, Executive Vice<br />
President of Marking and Products.<br />
“We believe that BroadSign has<br />
both the vision and technological<br />
support to not only survive, but<br />
come out as one of the top digital<br />
signage software companies.”<br />
For more information visit<br />
broadsign.com or email<br />
david.womeldorf@broadsign.com
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> 9<br />
CONTRIBUTING WRITERS<br />
TO AROUND THE<br />
COMPANIES ::<br />
Theo Brasch, Tristan Galvan,<br />
Jenna Gebeke, Tom Gilgenbach,<br />
Katherine Harlander-Locke, <strong>Tiffany</strong><br />
<strong>Nash</strong>, Liz Orenstein, Christine<br />
Ortenzio, Lorrie Parent, Bob Safford,<br />
Matthew Volkman.<br />
BRIAN DUSHO EXPANDS<br />
BROADSIGN’S SALES &<br />
SUPPORT ::<br />
AS BROADSIGN LOOKS to enter<br />
emerging markets, Brian Dusho,<br />
Executive Vice President of Sales and<br />
Support, launched the BroadPartner<br />
program in 2005, which works to deliver<br />
a total Content Management Software<br />
(CMS) solution. He created a global<br />
sales organization, which focused on<br />
developing a strong client base in North<br />
America, Europe, Asia, and Australia.<br />
“We are looking to expand into many<br />
new markets across the globe. Two of<br />
our current projects include providing<br />
the software to support digital signage<br />
networks for ‘Urban Panels’ in New York<br />
City subway stations and digital grocery<br />
stores in India,” said Dusho.<br />
With a B.A. degree in Finance from<br />
Kent State University, and an office is<br />
Boise, ID, Dusho spends most of his<br />
time traveling to develop new markets<br />
and increase sales to new customers.<br />
His responsibilities include worldwide<br />
sales, supervising solution specialists,<br />
and the support team. “I have never<br />
worked with a more dedicated and driven<br />
team. The level of expertise and professionalism<br />
is the best I have ever<br />
worked with,” said Dusho. “The unique<br />
thing about our industry is that there are<br />
so many new markets for BroadSign to<br />
expand in,” he added.<br />
SUNNY DAYS AT PETTERS<br />
CONSUMER BRANDS<br />
The Aaron Chang International (ACI) team<br />
presented its new spring 2008 Aaron<br />
Chang swimwear line at the Miami Swim<br />
Show in July. The show was a hit thanks to ACI’s<br />
new booth design, and ACI’s new eco-friendly<br />
swimwear designs which are immediately available<br />
at Urban Outfitters, Macy’s, and Victoria’s Secret.<br />
Customers have given positive reviews of ACI suits<br />
due to their cutting edge styles. But for many, their<br />
interest in the suits goes beyond fashion. In ACI’s<br />
spring ’08 swimwear collection, two lines are made<br />
out of recycled polyester, yarns made from materials<br />
such as recycled plastic bottles.<br />
“Our new eco-friendly line is popular because<br />
it reduces impact to the environment without<br />
sacrificing quality, especially with such an<br />
intimate piece of clothing,” Terri O’Shaughnessy,<br />
Petters Consumer Brands Product Manager said.<br />
“Our styles are fresh, and the fabrics, while made<br />
of recycled materials, are no different in feel or<br />
touch than materials found in ordinary<br />
beachwear.” Like the eco-friendly fabrics in the<br />
swimwear, all Aaron Chang t-shirts and cover-ups<br />
are made of organic cotton.<br />
In other news, compact microwaves will soon<br />
soar into Canada. One Sunbeam and one Oster<br />
countertop microwave will be shelved at Loblaws,<br />
a Canadian retail grocery chain. “Entry into the<br />
Canadian market has been a heavy focus for<br />
Petters Consumer Brands (PCB) in the last year,”<br />
David McGee, PCB microwave Product Manager<br />
said. “We are excited about the opportunity to<br />
expand our relationship with Loblaws and<br />
Canadian retailers as a whole.” The two initial<br />
microwaves will hit Loblaws stores in October.<br />
Meanwhile, the team behind the Element<br />
Electronics product line is also preparing for an<br />
exciting season. PCB continues to expand its<br />
relationship with Circuit City, bringing in new<br />
product categories and a broader depth of<br />
products into stores across the country under the<br />
Element Electronics brand. This fall, Circuit City<br />
will sell six LCD televisions ranging in screen size<br />
from 15” to 37”, along with two plasmas. In<br />
addition to televisions, a variety of smaller<br />
electronic products including portable DVD<br />
players, outdoor speakers, five-disc CD changer,<br />
MP3 accessories, and digital picture frames will<br />
also sport the Element Electronics logo. “With<br />
the expanding variety of products together with<br />
the success of the existing SKUs, we anticipate<br />
significant growth in the second half of 20<strong>07</strong> and<br />
2008,” Michael Hines, PCB Product Director for<br />
the Element Electronics brand said.<br />
For more information visit aaronchang.com or email<br />
terri.oshaughnessy@pettersgroup.com;<br />
elementelectronics.com or email<br />
michael.hines@pettersgroup.com;<br />
sunbeammajorapplicances.com or email<br />
david.mcgee@pettersgroup.com<br />
FALL 20<strong>07</strong>
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> <strong>10</strong><br />
:: UPFRONT around the companies<br />
STARS SEEK<br />
OUT NEW<br />
POLAROID<br />
PHOTOKEEPER<br />
Celebrities flocked to New York City, to check<br />
out the Polaroid 7 megapixel digital camera<br />
and media backup device during “Upfront<br />
Week” in May. Upfront Week is where television networks<br />
announce their upcoming fall schedules and<br />
new programming. Lucky Magazine hosted the Lucky<br />
Club Party, where Polaroid and other companies introduced<br />
celebrities to premium products. Amanda<br />
Bynes, Kenan Thompson, the cast of Grey’s Anatomy,<br />
and others, were introduced to the benefits of using the<br />
digital camera with the media backup device – they<br />
never having to worry about losing pictures anymore.<br />
The stars took an immediate liking to their new gadgets<br />
and were seen showing them off.<br />
“Gifting to celebrities brings brand recognition to<br />
the company and helps promote new products like the<br />
media backup device, being launched under the brand<br />
PhotoKeeper,” Lorrie Parent, Polaroid Senior<br />
Marketing Account Executive said. Through the PR<br />
PHILIPPE KALMBACH JOINS<br />
POLAROID IN EUROPE ::<br />
As Polaroid re-establishes itself in international markets,<br />
Philippe Kalmbach, the new Senior Vice<br />
President General Manager of EMEA (Europe, Middle<br />
East, Africa), was hired in June to lead the way in creating<br />
important connections for Polaroid products. “It<br />
has been exciting to work through the challenges of<br />
this new position,” said Kalmbach. “I am working to<br />
build bridges between our brand and our consumers.”<br />
Polaroid has already succeeded in increasing sales<br />
at several big box retailers in the U.K., and is working<br />
towards strengthening these relationships further.<br />
“The trick is making the right contacts, following up<br />
and upholding agreements – something Polaroid has<br />
a strong reputation in doing,” said Kalmbach.<br />
Based out of the Luton office, Kalmbach has been<br />
busy familiarizing himself with the Polaroid brand and<br />
Petters Group culture. “I enjoy the exciting, fast paced<br />
<strong>10</strong> :: PETTERSGROUP<br />
‘Lost’ cast member Josh<br />
Holloway posing with his new<br />
Polaroid camera.<br />
efforts of Fingerprint Communications photos of<br />
celebrities and their Polaroid products were featured in<br />
several magazines, giving Polaroid additional press<br />
worth thousands of dollars. In addition, the press validated<br />
Polaroid’s presence at Upfront Week, as sales of<br />
the media backup device were much higher than<br />
expected in the following weeks..<br />
and challenging environment,” Kalmbach said. Prior<br />
to joining Polaroid, he worked for Eastman Kodak as<br />
Head of Digital Business & Marketing Centre –<br />
Consumer Digital Group EAMER. Kalmbach has also<br />
worked with Lexmark and Solomon Citigroup. His wide<br />
range of knowledge and experience in international<br />
markets will be helpful in achieving success and<br />
Polaroid’s strategic goals.<br />
OIL CHANGES<br />
FOR 747S<br />
Aviation Sales<br />
and Service Center<br />
to Open<br />
The Metropolitan Airport<br />
Commission (MAC) has<br />
approved the terms of a<br />
lease to Petters Aviation,<br />
and Sun Country Airline for<br />
the former Mesaba Airlines<br />
hanger located at the<br />
Minneapolis/St. Paul<br />
International Airfield.<br />
Petters Aviation, a<br />
division of Petters Group<br />
Worldwide, has multiple<br />
uses planned for the facility<br />
including utilizing it as the<br />
headquarters the North<br />
American Sales and Service<br />
Center for Airbus corporate<br />
jets. In May, Petters<br />
Aviation was named by<br />
Airbus as its exclusive sales<br />
center in the United States.<br />
They will also sell and<br />
service other corporate jets,<br />
and base the Petters Group<br />
Charter Service from this<br />
location.<br />
“We are looking to offer<br />
the private airline<br />
community options not<br />
currently available in the<br />
Minneapolis/St. Paul, MN<br />
area. This will make travel<br />
in and out of Minnesota<br />
much easier,” Jay Salmen,<br />
President of Petters<br />
Aviation said.<br />
These operations will<br />
only utilize part of the<br />
facility. Sun Country Airlines<br />
will use the balance of the<br />
space for their emergency<br />
response center, pilot and<br />
inflight training and<br />
storage. The hanger is<br />
located next to the current<br />
Sun Country hanger.<br />
The anticipated<br />
possession date is early<br />
September with operations<br />
commencing in October.<br />
For more information email<br />
susan.geitzenauer@petters<br />
group.com.
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:23 <strong>PM</strong> <strong>Page</strong> 11<br />
PRODUCT SPOTLIGHT ::<br />
Polaroid Licenses Digital Media Software<br />
NEARLY EVERYBODY HAS A FAVORITE<br />
MEMORY that has been captured on film,<br />
video or digital photo. This fall, Polaroid will<br />
make it incredibly easier to share those memories<br />
with My Memories Suite, a software<br />
program created in collaboration with<br />
StoryRock. The innovative software lets you<br />
create everything from professionally printed<br />
photo albums to interactive digital media<br />
albums complete with video and audio clips.<br />
“Our partnership with StoryRock Inc. is ideal<br />
because the software is fun, easy-to-use and<br />
gives our customer an innovative way to<br />
share their digital photos and videos,” Lorrie<br />
Parent, Senior Marketing Account Executive<br />
with Polaroid said. “It’s an excellent tie-in with<br />
a host of other Polaroid products our customers<br />
use to capture and share their digital<br />
memories; digital cameras, digital photo<br />
frames, LCD TVs, etc.” My Memories Suite<br />
will make its Polaroid debut on a 30 minute<br />
infomercial this fall.<br />
With a click of a mouse, My Memories<br />
Suite is an easy-to-use tool that allows you to<br />
create a project in minutes, than export that<br />
story to a variety of print and multimedia<br />
options. Export options include a printed<br />
photo book, DVD video, CD picture disc, customized<br />
cards available via the Internet, and<br />
other products that make it incredibly easy to<br />
share memories with family and friends. “For<br />
Polaroid, this software is all about sharing<br />
memories that were captured using other<br />
Polaroid products such as a digital or film<br />
camera or video camera,” Parent said.<br />
Other My Memories Suite features include<br />
dozens of pre-designed professional templates<br />
and a FastFoto option that automatical-<br />
OPEN: A Fitting Showroom for Polaroid<br />
ly inserts a folder full of photos into a designer<br />
template or one you create. Easy-to-use<br />
tools let you crop photos, eliminate red-eye,<br />
make contrast adjustments, and bring “stills”<br />
to life with video, narration, and music. Best<br />
of all, the Mac and PC compatible program is<br />
so easy to use, you can drag a photo to your<br />
project from anywhere on your computer.<br />
Watch for My Memories Suite this fall and get<br />
ready to share your own photos.<br />
A TOUR OF POLAROID’S PLUSH NEW SPACE at 4400 Baker Road<br />
wouldn’t be complete without a visit to its new 900+ square foot<br />
showroom. Located near the elevator bank on the second floor, the<br />
area includes 13 LCD TVs of varying sizes, and each connected to<br />
an adjacent room devoted entirely to cables and media sources. A<br />
variety of Polaroid consumer electronics such as digital cameras,<br />
photo frames, portable DVD players and other consumer electronics<br />
also adorn the walls.<br />
Perhaps, the best use of the showroom area is for giving demos<br />
of one of Polaroid’s newest products – the Digital Entertainment<br />
Center (DEC). The DEC is a compact-sized set-top box that let’s you<br />
record and view all of your favorite TV shows, movies, digital photos<br />
and so much more. “The DEC syncs with your MP3 player, your<br />
camcorder, your digital picture frame, personal media player, and<br />
plays back on any LCD TV,” Jon Pollock, VP of New Technology at<br />
Polaroid said. “The DEC is a central figure in creating a Wi-Fi-based<br />
community of Polaroid consumer electronics devices and the<br />
Digital Living area makes it incredibly easy to show customers its<br />
full potential.”<br />
The DEC is set to launch next spring.<br />
FALL 20<strong>07</strong>
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:24 <strong>PM</strong> <strong>Page</strong> 12<br />
:: UPFRONT around the companies<br />
Malibu Beach has long been a favorite destination<br />
for Hollywood trend-setters. This year’s<br />
added attraction was the Polaroid Beach<br />
House location, on a prime setting known as Billionaire’s<br />
Beach. The estate, outfitted with the latest Polaroid electronics,<br />
was the site of private parties and exclusive events attracting<br />
big name celebrities and VIPs throughout the summer.<br />
The Polaroid Beach House treated celebrities to elegance<br />
and luxury with overnight hotel-like accommodations,<br />
complete with high-end amenities such as Polaroid Full<br />
High-Definition LCD TVs, digital photo frames, portable<br />
DVD players, and digital cameras. In addition to enjoying<br />
the sun and the surf, celebrities had the opportunity to<br />
experience Polaroid products much in the same way they<br />
would in their own homes.<br />
12 :: PETTERSGROUP<br />
The sitting area in the Polaroid Beach<br />
House features several Polaroid LCD’s<br />
POLAROID CAPTURES A<br />
PICTURE PERFECT SUMMER<br />
AT THE POLAROID BEACH HOUSE ::<br />
The courtyard entrance to the property greeted guests<br />
with five 40” HD LCD TVs displaying specially prepared<br />
content for each event, the living room offers not only a<br />
great view of the surf, but of several 46” Full HD TVs, and<br />
all the fun is captured on the newest Polaroid digital cameras<br />
like the t730 and the m737t.<br />
Celebrities like James Woods, Macy Gray, Matthew<br />
McConaughey, Luke and Owen Wilson, and other A-list<br />
stars made the Polaroid Beach House a favorite hot spot this<br />
summer. And, the press was not too far behind. Press coverage<br />
for the Polaroid Beach House project was featured on<br />
“Entertainment”, “The Tonight Show”, “Fox News” and<br />
“Extra.” In addition, People, Star, US Weekly, OK, and<br />
InStyle, regularly featured the events at the house, as well as<br />
the latest products featured.<br />
DIGITALLY-<br />
ENHANCED<br />
DVDS BRING<br />
OLD MEMORIES<br />
TO LIFE ::<br />
Always striving to<br />
provide a more<br />
enjoyable viewing<br />
experience for<br />
customers, YesVideo<br />
has taken their movie<br />
film to DVD<br />
technology to the next<br />
level. When<br />
customers submit<br />
their old movie reels<br />
for transfer, they now<br />
receive digitallyenhanced<br />
DVDs, with<br />
footage that is more<br />
clear and vibrant than<br />
the originals.<br />
The new<br />
processing technology<br />
not only intensifies<br />
color and contrast<br />
that has deteriorated<br />
over time, but also<br />
significantly reduces<br />
the appearance of<br />
spots and marks on<br />
the film surfaces.<br />
Initial feedback<br />
from customers is<br />
extremely positive.<br />
Customers report that<br />
they are amazed at<br />
the sharpness and<br />
clarity of 30 and 40year-old<br />
footage.<br />
YesVideo’s<br />
digitally-enhanced<br />
DVDs are available<br />
from 8 mm, Super 8<br />
and 16 mm movie film<br />
reels, 35 mm slides<br />
and photo prints.<br />
Visit yesvideo.com<br />
to order directly or to<br />
find a retailer near you.
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:24 <strong>PM</strong> <strong>Page</strong> 13<br />
NEW TECHNOLOGY ::<br />
Solid Success in Digital Photo Frame Market<br />
POLAROID ENTERED THE DIGITAL<br />
PHOTO FRAME MARKET with the same<br />
fun, easy-to-use, solution-based products<br />
that have been successful in so many other<br />
consumer electronics categories. In fact,<br />
Polaroid is excelling with several choices in<br />
stores throughout the US and Europe<br />
including a 7” Digital Photo Frame<br />
packaged in its own gift box, with ribbon<br />
and all. The uniquely boxed frame was<br />
featured on an end cap at Target stores for a<br />
key Mother’s Day selling season and<br />
regarded as a huge success.<br />
This fall, Polaroid plans to stand out even more from the crowd by offering a 7” Digital<br />
Photo Frame that includes a built-in wireless weather station. The dual-purpose unit<br />
includes features found in many of Polaroid’s frames: 16:9 aspect ratio, JPEG image<br />
support, the ability to read a host of memory cards, and viewing modes that let you watch<br />
everything from a single picture to a slide show. In addition, the unit includes 32MBs of<br />
built-in storage to hold several digital photo albums, USB 1.1/2.0 ports to connect your<br />
camera directly to the frame, and a remote control for convenience. But what really makes<br />
this photo frame unique is its ability to give you the latest weather conditions. The built-in<br />
wireless weather station uses a battery-operated outdoor weather sensor to display weather<br />
conditions including outdoor temperatures while an indoor sensor gives you inside<br />
temperatures. So while you’re watching a slide show of your sunny Florida vacation, you’ll<br />
be able to keep track of your local weather. The Digital Photo Frame with Wireless Weather<br />
Station makes its debut this September at Target stores nationwide.<br />
FINGERHUT CUSTOMER SATISFACTION TOPS IN RETAIL ::<br />
FINGERHUT TAKES ITS CUSTOMER<br />
SATISFACTION VERY SERIOUSLY. Each<br />
month, Fingerhut expends significant<br />
resources in order to communicate with<br />
its customers to find out how they’re<br />
doing. Over two hundred phone<br />
interviews are conducted by customer<br />
service representatives located in<br />
Minnesota, from a random sample of<br />
the customer population. The great<br />
news is that Fingerhut customers love<br />
Fingerhut!<br />
One measure, the Net Promoter<br />
Score, is a commonly regarded measure<br />
of customer loyalty. Based on a tenpoint<br />
scale, customers are classified as<br />
either a promoter, a passive or a<br />
detractor, and only those with a score of<br />
9 or <strong>10</strong> are classified as promoters.<br />
The industry believes that promoters<br />
are critical in generating word of mouth<br />
support for a brand—a critical<br />
component of success.<br />
Most successful retailers have<br />
scores in the 60% range, but Fingerhut<br />
enjoys levels significantly higher, and in<br />
20<strong>07</strong>, scores have ranged from 75 to<br />
80%. The news only gets better - scores<br />
continues to increase, and in the last<br />
year, this score has risen by over ten<br />
percentage points.<br />
In a second measure of overall<br />
customer satisfaction in which most<br />
major multi-channel and online retailers<br />
participate, Fingerhut has an industryleading<br />
score. Fingerhut Direct<br />
Marketing’s score tops such highlyrespected<br />
retailers as Kohl’s, Target,<br />
Costco and even online giants Amazon<br />
and eBay.<br />
It’s clear that Fingerhut’s almost<br />
single-minded focus on its customer is<br />
paying off. Its high-quality, brand name<br />
merchandise, flexible credit program,<br />
24/7 convenience and feature-rich, easyto-use<br />
website, are all working together<br />
to bring Fingerhut customers back time<br />
and again.<br />
Visit Fingerhut.com to learn about<br />
their products.<br />
Polaroid LCDs line the walls<br />
of the chic Chambers’.<br />
POLAROID IS MAKING<br />
WAVES IN HOTELS AND<br />
COMMERCIAL VENUES ::<br />
Polaroid is already bringing stunning high<br />
definition (HD) clarity to private homes<br />
through LCD TVs, and is now doing the<br />
same for hotel guestrooms, restaurants, and<br />
other commercial settings. Polaroid Hospitality<br />
and Commercial, LLC offer a comprehensive line<br />
of high definition LCD TVs and digital signage,<br />
to meet the specific needs of the commercial and<br />
entertainment businesses.<br />
Ranging from 15 to 46 inches, Polaroid commercial<br />
LCDs are built with lightweight panels<br />
and detachable TV stands that are easy for wallmounting<br />
in suites, hotel rooms, and bathrooms.<br />
Each LCD TV has passed compatibility standards<br />
of some of the world’s largest in-room<br />
entertainment providers, includes HD programming,<br />
and the ability to be used as an HD computer<br />
monitor. Featuring slim designs, Video On<br />
Demand (VOD) support, and optional integrated<br />
DVD players, the commercial LCDs are versatile<br />
to fit any commercial setting.<br />
To showcase the exceptional line of Polaroid<br />
LCDs, the hospitality team attends many major<br />
tradeshows throughout the year. In November,<br />
Polaroid will have a booth at the 92nd annual<br />
International Hotel/Motel & Restaurant Show®<br />
in New York City. This tradeshow presents the<br />
opportunity to show some of the world’s largest<br />
hotel and restaurant chains, the products that<br />
Polaroid has to offer.<br />
For a sneak preview of the line, visit<br />
Chambers, the Luxury Arts Hotel in downtown<br />
Minneapolis. Polaroid LCD TVs line the walls<br />
of the ultra-modern lobby and restrooms. Or,<br />
check out all of our commercial products on<br />
the new Polaroid Hospitality and Commercial<br />
website at www.polaroid.com/hospitality or<br />
email honigk@polaroid.com<br />
FALL 20<strong>07</strong>
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:: UPFRONT around the companies<br />
SMILES NOT<br />
SCOWLS<br />
Sun Country Launches Marketing Campaign<br />
KATHERINE HARLANDER-LOCKE<br />
More leg room, a frequent flyer program that actually rewards,<br />
cheeseburgers, leather seats, luggage on arrival, scheduled service<br />
to over 30 cities, and great customer service – who wouldn’t<br />
want to fly Sun Country Airlines?<br />
Sun Country launched a comprehensive marketing campaign beginning<br />
in May aimed at building awareness for the airline and ultimately increasing<br />
sales, especially with business travelers. The campaign is multi-phased; the<br />
first phase of the campaign focused on why Sun Country is the best choice for<br />
travelers. Using comparisons such as Sun Country’s “smiles” with another<br />
local airline’s “scowls”, the advertising uses humor to highlight Sun Country’s<br />
superior product offering.<br />
The second phase of the campaign introduce the market to UFly, Sun<br />
Country’s frequent flyer program that is unique because it is simple (<strong>10</strong>0<br />
points = 1 free RT ticket) and has no blackouts, no restrictions. As the tag line<br />
reads, “Any seat. Any day. Any time.” One week after the launch, over 70,000<br />
customers had signed up for the rewards program.<br />
The television spots, which have received rave reviews, have been the cornerstone<br />
of the campaign. In one, a Sun Country flight attendant asks passengers<br />
whether or not they want a cheeseburger…or nothing…and asks them to<br />
put their heads down on the trays for a secret vote. Other mediums include<br />
radio, billboards, bus and lightrail wraps, newspaper and magazine ads and a<br />
strong grassroots campaign, featuring an orange and blue wrapped RV.<br />
The ambitious guerilla marketing program is aimed at building awareness<br />
for the airline within the community. Besides the decked-out 30 foot RV, the<br />
public can obtain free t-shirts, campaign buttons and stickers, yard signs,<br />
bumper stickers and luggage tags. The RV has attracted a lot of attention, and<br />
many people stop and ask for schedules.<br />
Pete Heunisch, Marketing Project Specialist for Sun Country, manages<br />
the group of interns and employees that work at the many events the RV visits.<br />
“It is a great opportunity for the airline to have one-on-one contact with<br />
the public. We are developing a personal relationship with travelers in this<br />
marketing and one thing is apparent – people love Sun Country,” he said.<br />
“We really wanted to let people know that they do have a choice<br />
when picking an airline to fly,” said Liz Schuster, Sun Country<br />
Marketing and Promotions Coordinator. “Our airline has so many great<br />
aspects that we really wanted to highlight them and be able to talk with<br />
people face-to-face.”<br />
Some of the more popular events this summer have included Joe<br />
Schmit’s Golf Tournament, Grand Old Days in St. Paul, the Stone Arch Art<br />
Festival, Taste of Minnesota, Basilica Block Party, Aquatennial Block Party<br />
and Irish Fest.<br />
“An important goal that we had for the summer and this campaign was to<br />
be visible within the community,” said Heidi Bausch, Sun Country Marketing<br />
14 :: PETTERSGROUP<br />
One of the light rail trains in<br />
Minneapolis, MN is displaying<br />
the Sun Country messaging.<br />
A scene from one of Sun Country’s new commercials<br />
Assistant. “We’ve had a great time attending the events, and the interns have<br />
also enjoyed being involved.”<br />
The airline has also benefited, with an exponential increase in sales this<br />
summer. “Since launching the campaign, we have definitely seen the impact,<br />
not only in sales but in load factors,” said Wendy Williams Blackshaw, Sun<br />
Country Vice President of Marketing. “We anticipate the UFly Rewards will<br />
continue this upward trend.”<br />
Sun Country has also earned the honor, for the second year in a row, of<br />
being named to the “World’s Best List” of Top <strong>10</strong> Domestic Airlines in Travel<br />
+ Leisure magazine. “This award is a tribute to our employees and their collective<br />
commitment to serving our passengers,” said Jay Salmen, CEO of Sun<br />
Country.<br />
In addition to the marketing campaign, launch of UFly program, and<br />
receiving the Travel + Leisure award, Sun Country has acquired two new<br />
planes from Boeing. Sun Country will expand their flight schedules to New<br />
York, SanFrancisco, Los Angeles, Washington D.C. and added West Palm<br />
Beach, FL and Tucson, AZ to their flight schedule.<br />
“By expanding our fleet, we will be able to provide better service to our<br />
customers through increased flight options,” said Salmen.<br />
For more information visit suncountry.com or email wendy.blackshaw@suncountry.com
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:24 <strong>PM</strong> <strong>Page</strong> 15<br />
THE PSYCHOLOGY OF<br />
ORANGE AND BLUE ::<br />
BY STEPHANIE HALVORSON<br />
Think that orange and blue were<br />
chosen as Sun Country’s colors<br />
by mistake? Think again.<br />
Here is a little scientific proof that<br />
we’re doing things right…<br />
ORANGE<br />
Orange is considered an energetic color.<br />
It brings to mind feelings of excitement,<br />
enthusiasm, and warmth. Orange is also<br />
often used to draw attention.<br />
In Chromotherapy (otherwise known<br />
as color therapy), orange is used to heal<br />
the body and increase energy levels.<br />
WHAT DOES ORANGE<br />
SAY ABOUT US?<br />
We are…<br />
Fun loving<br />
Talkative<br />
Energetic<br />
Trendy<br />
BLUE<br />
Blue is a soothing color that brings to<br />
mind feelings of calmness or serenity. It<br />
is often described as peaceful, tranquil,<br />
secure and orderly. Blue is also<br />
considered the color of loyalty.<br />
In Chromotherapy, blue is believed to<br />
soothe and treat pain.<br />
WHAT DOES BLUE<br />
SAY ABOUT US?<br />
We are…<br />
Credible<br />
Confident<br />
Loyal<br />
Dependable<br />
It is safe to say that orange and blue<br />
fit us perfectly here at Sun Country. We’re<br />
energetic and fun-loving. But more<br />
importantly, we’re loyal, dependable, and<br />
we heal the wounds and soothe the pain<br />
of the frustrated traveler who has ever<br />
flown with anyone else.<br />
Clearly, Orange + Blue + Sun Country =<br />
the perfect prescription for a great travel<br />
experience.<br />
VALUES MESSAGE :: Execution<br />
CLOCKWISE FROM TOP: Petters Group, located<br />
on the 3rd floor has a central reception area. •<br />
The new building features several pieces from the<br />
Polaroid Art Collection in its hallways and conference<br />
rooms. • Polaroid images and product are displayed<br />
on the 2nd floor reception area.<br />
John Jordan<br />
FOR MOST EMPLOYEES in the Minnetonka, MN offices, the<br />
move to the new building involved packing some boxes, moving<br />
them and than trying to find where the new conference rooms were<br />
located. For John Jordan, Vice President of Facilities for Petters Group, the renovation of<br />
the south building started 18 months ago when Petters Group entered into a joint venture<br />
with Welsh Companies to develop the entire campus, which will include two additional<br />
buildings. By taking input on everything from use of space to the color of wallpaper, from<br />
the construction company, designers, the executive team, staff and the various companies<br />
occupying the 89,651 sq. ft., Jordan led various teams to complete stage one of the renovations<br />
in just four months.<br />
Staff moved into the building in early June, and stage two of the cafeteria remodel was<br />
finalized in August. The front entry and parking lot are projected to be complete in<br />
October. While finishing the new building, work to clean out the 120,000 sq. ft. old building<br />
was also underway. Jordan said it needed to be broom cleaned before its demolition in<br />
late July. When it comes to executing a plan with multiple directors in multiple stages,<br />
Jordan demonstrated his strong leadership skills.<br />
DAVID WOMELDORF JOINS BROADSIGN ::<br />
IN DEVELOPING AND LAUNCHING A NEW STRATEGIC<br />
PLAN to guide future growth, BroadSign recently added<br />
David Womeldorf to their leadership team as Executive<br />
Vice President of Marketing. “Our new business plan<br />
focuses on public relations and brand awareness, both<br />
which will be instrumental in the future growth of the<br />
company,” Womeldorf said. “I build bridges between the<br />
techies and business strategists,” he added.<br />
Working out of the Minnetonka office, Womeldorf has<br />
enjoyed the exciting, entrepreneurial and fast-paced<br />
environment, since joining the company in May. Womeldorf brings with him more<br />
than 17 years of business technology experience from Cargill Ventures, Wells Fargo,<br />
Thomson Corp, IMI plc - a FTSE 250 public company on the London Stock<br />
Exchange, and was a co-founder of a web consultancy company.<br />
FALL 20<strong>07</strong>
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:24 <strong>PM</strong> <strong>Page</strong> 16<br />
:: UPFRONT around the companies<br />
LIVEBYCAMPUS<br />
Campus Housing Companies Merge<br />
As most property owners and renters<br />
know, the most important aspect of student<br />
housing is location, location, location.<br />
With the merge of Campus1Housing.com, a<br />
portfolio company of Petters Group Worldwide,<br />
and LiveByCampus.com, students around the<br />
country will have more properties to choose from<br />
and an easy one-stop-shop for off-campus housing.<br />
“With the knowledge and expertise of both<br />
management teams coupled with the resources<br />
of Petters Group, we will be able to be a more<br />
comprehensive student housing resource while<br />
more effectively servicing property managers,”<br />
said Eric C. Wu, CEO of LiveByCampus.com<br />
and recently named one of BusinessWeek’s top<br />
25 entrepreneurs under 25.<br />
As leaders in the off-campus housing market,<br />
both companies shared similar expansion plans,<br />
and the merger seemed to be the logical next-step<br />
for each. Both companies bring different strengths<br />
and resources to the newly-formed partnership;<br />
Campus1Housing.com’s applicable pricing model<br />
and strong operating model will naturally complement<br />
LiveByCampus.com’s strong brand name and<br />
innovative technology.<br />
YESVIDEO DIGITIZES USC<br />
ATHLETIC VIDEO LIBRARY ::<br />
High-quality processing protects and<br />
organizes generations of Trojan sports footage<br />
16 :: PETTERSGROUP<br />
The members of the new LiveByCampus organization, Joe<br />
Condit, Eric Wu and Jake Burns<br />
“This merger is a perfect fit for us. The<br />
LiveByCampus technology and web development<br />
expertise will greatly enhance our current<br />
services for students and property managers<br />
alike,” Jake Burns, Founder/CEO of<br />
Campus1Housing.com said.<br />
Also, as part of the merge, both companies<br />
will fall under the name of LiveByCampus.com,<br />
and will continue to invite students to participate<br />
in the internship program. As part of the<br />
program, students used a variety of different<br />
marketing tactics to help increase web site traffic<br />
and brand awareness.<br />
LiveByCampus.com was founded in 2006<br />
to help students find off-campus housing in the<br />
Southwest U.S. Through an online platform,<br />
LiveByCampus provides a housing resource<br />
that enables students to search for rentals near<br />
college campuses, view detailed property information,<br />
and see apartment ratings and comments<br />
from fellow students.<br />
Campus1Housing.com was founded in 2005<br />
on the concept that high-demand rental property<br />
around campus could be distributed to students<br />
through an auction platform. Focused on having<br />
a strong local presence in the Midwest,<br />
Campus1Housing has provided property<br />
managers with on-site student support, while<br />
continuing to provide students and parents with a<br />
comprehensive housing resource.<br />
For more information visit livebycampus.com or<br />
email jake.burns@livebycampus.com<br />
THE UNIVERSITY OF SOUTHERN CALIFORNIA (USC) recently<br />
selected YesVideo to transfer their entire athletic video library to<br />
archive-quality gold DVDs and hard drives.<br />
Prior to working with YesVideo, the USC game video library was<br />
stored on thousands of professional format videotapes and over<br />
1.5 million feet of movie film.<br />
USC’s athletic video collection includes football, basketball, track &<br />
field, volleyball, and other sports programs and interviews dating back to<br />
the 1930s. YesVideo has applied their automated technology to include<br />
titles with the game files, and scan the content for natural chapter<br />
breaks. The chapter breaks are used for creating visual menus on the<br />
DVDs, allowing efficient searching within the games.<br />
“We are excited to bring our video and film libraries of athletic events<br />
into the digital age,” Tim Tessalone, USC Sports Information Director<br />
said. “By converting these assets to a standard digital format, these<br />
priceless moments are being preserved for generations and organized<br />
for easier accessibility.”<br />
YesVideo, which has a SpringWorks investment, has also performed<br />
this video archive service for the game tape library of the Detroit Pistons<br />
and other athletic teams, schools and training video businesses.<br />
For more information visit yesvideo.com
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:24 <strong>PM</strong> <strong>Page</strong> 17<br />
PRODUCT SPOTLIGHT ::<br />
Making a Statement<br />
with Polaroid Digital<br />
Camera Trim Kits<br />
POLAROID HAS LONG BEEN an<br />
American icon. Today, a few of its digital<br />
cameras are on their way to becoming<br />
highly sought after fashion accessories. The<br />
5 and 6 megapixel cameras, available in a<br />
number of retail stores, include interchangeable<br />
trim kits. The trim kits, made of<br />
a flexible, but durable plastic, easily snap<br />
on and off the camera. They come in complementary<br />
colors and designs giving the<br />
camera a customized look that fits your<br />
outfit or personality. The i531 is available in<br />
three colors: white, silver and black, and<br />
include the trim kits, with colors ranging<br />
from white and purple to light blue and<br />
black, with contrasting geometric shapes.<br />
POLAROID TURNS 70 ::<br />
SEPTEMBER WILL MARK ANOTHER<br />
MILESTONE in Polaroid’s and diverse<br />
history. The Polaroid Corporation will<br />
celebrate its 70th anniversary after its<br />
original inception on September 13th, 1937.<br />
Many changes have occurred since Edwin<br />
Land obtained his first patent for a synthetic<br />
sheet polarizer, which made it practical to<br />
use a polarized sheet in various products,<br />
including headlights photographic filters,<br />
and sunglasses. Fast forward 70 years, and<br />
the company still carries on its innovative<br />
spirit. The 70th anniversary will mark the<br />
first collaborative celebration of the<br />
company’s birthday since the 50th<br />
anniversary bash at Boston College’s Alumni<br />
Stadium in 1987. The 50th anniversary event<br />
featured celebrities like comedian Steve<br />
Allen, actress Mariette Hartley who starred<br />
in several Polaroid commercials and<br />
performances by the Pointer Sisters. The<br />
night celebrated not only Polaroid and<br />
Land’s innovative products and inventions,<br />
but Polaroid’s forward-thinking approach to<br />
its business practices.<br />
In the past 20 years, Polaroid has seen<br />
many changes in its business, moving from<br />
Some trim kits even let others know<br />
you’re making more than just a fashion statement<br />
– you’re doing your part to fight breast<br />
cancer. The i631 is a pink camera that comes<br />
with three trim kits, a pink, pink and green<br />
stripe, and a white and pink striped trim kit<br />
that features the Breast Cancer Research<br />
Foundation’s pink ribbon to spread awareness<br />
of the fight against breast cancer. The<br />
i631 launches this fall in time to coincide with<br />
Breast Cancer Awareness month in October.<br />
Polaroid and Tom Petters each pledged<br />
$75,000 dollars to the Breast Cancer<br />
Research Foundation as part of Polaroid’s<br />
commitment to this great orgazination.<br />
an instant photography company to a<br />
digital electronics company. This evolution<br />
has been a natural progression for<br />
Polaroid, as it has been in the homes of<br />
families for more than 50 years. In order to<br />
make this progression, Polaroid has<br />
adapted to offer new product including<br />
digital cameras, portable DVD players, and<br />
high definition LCD TVs.<br />
While Polaroid products have changed,<br />
one thing has remained constant: the<br />
strive for innovation. Innovation has<br />
always been an important element in<br />
Polaroid’s success and will continue as<br />
Polaroid begins the launch of its latest<br />
products. Polaroid’s new technologies<br />
will look to change the way people interact<br />
with technology in their homes, and share<br />
memories with loved ones.<br />
While Polaroid’s business has seen many<br />
changes throughout its storied existence, it<br />
continues to share the celebration of its<br />
history, with the people that have worked so<br />
hard to make it successful: its employees<br />
and their families.<br />
David Baer, Chief Legal Officer Petters Group,<br />
Mr. Yasushi Akashi, Former Deputy Secretary<br />
General of the United Nations, Tom Petters,<br />
CEO and Chairman Petters Group, Mr. Koji<br />
Takebe, President, Petters International Japan<br />
and Theo Brasch, Business Development<br />
Director Petters Group.<br />
DELEGATION<br />
VISITS JAPAN ::<br />
A DELEGATION FROM PETTERS GROUP<br />
WORLDWIDE visited Japan in July to<br />
promote Petters Group owned subsidiaries<br />
and discuss international business<br />
initiatives. The timing of the trip was vital<br />
to seeking business opportunities in Japan as<br />
the new government, led by Prime Minister<br />
Shinzo Abe, recently passed<br />
“triangle merger” legislation which makes<br />
it easier for U.S. companies to make<br />
investments into, or to purchase Japanese<br />
corporations.<br />
Tom Petters was asked by Forbes Japan<br />
to conduct an in-depth interview regarding<br />
the growth of Petters Group, and how certain<br />
acquisitions have affected the company over<br />
the years. These included Fingerhut, Sun<br />
Country, Polaroid and uBid. The article will<br />
run in the October issue Forbes Japan.<br />
The delegation was invited to a private<br />
meeting at the Tokyo Club with Mr. Yasushi<br />
Akashi, Special Envoy of the Government of<br />
Japan and former Under-Secretary-General of<br />
the United Nations. Mr. Akashi was gracious<br />
enough to provide an economic and political<br />
briefing of the Japanese landscape, citing hurdles<br />
and discussing potential courses of<br />
action that will keep Japan<br />
competitive with emerging Asian markets.<br />
The agenda also included meetings<br />
with several global financial and investment<br />
banks, as well as discussion with current<br />
component and technology suppliers. During<br />
the short trip, the group also spent time with<br />
Mr. Yuta Ito, President of Polaroid’s Japan<br />
office, and Mr. Koji Takebe, President of<br />
Petters International Japan, discussing brand<br />
awareness in Japan and the commitment<br />
Petters Group has made to achieving success<br />
at home and abroad. For more information<br />
email theo.brasch@pettersgroup.com<br />
FALL 20<strong>07</strong>
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:: GALLERY john t. petters foundation<br />
Legacy Gala Celebrates “A Night in Beijing”<br />
John T. Petters Foundation Raises Over 2.2 Million<br />
As soon as guests walked through the<br />
Forbidden City entrance at the John<br />
T. Petters Foundation 20<strong>07</strong> Legacy<br />
Gala, they felt as if they were truly in Beijing,<br />
China amongst the beautiful décor, music and<br />
food. On August 11th, the Hilton Hotel in<br />
Minneapolis, MN hosted the sold out event for<br />
over 800 guests celebrating John Petters’ legacy<br />
at the 2nd annual Legacy Gala. More than $2.2<br />
million was raised from the 20<strong>07</strong> John T. Petters<br />
Foundation Legacy Gala! Proceeds include support<br />
from sponsorships, silent and live auctions,<br />
the <strong>Tiffany</strong> & Co. Blue Box Extravaganza and a<br />
generous match from Tom Petters. A roaming<br />
Chinese dragon led guests into the ballroom for<br />
an evening of entertainment, including the Great<br />
China Circus, a Foundation video, speeches and<br />
cumulated with headliner Bill Cosby. A video featuring<br />
scholarship recipients and messages<br />
shared from the Gala’s Honorary Chariman, Dean<br />
Vlahos, Tom Petters, Jennifer Petters and Jamie<br />
Hagan, gave guests a wonderful insight into who<br />
John Petters was and what the fulfillment of his<br />
vision is meaning to others.<br />
Plans are already underway for the 2008<br />
Legacy Gala so look for more information in the<br />
coming months.<br />
2<br />
18 :: PETTERSGROUP<br />
1<br />
3
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4<br />
6 7<br />
[1] A sea of gold and red transformed<br />
the ballroom into an elegant palace.<br />
[2] John T. Petters Foundation staff,<br />
Dick Gross, Mollie O’Brien and<br />
Dawn Fish, Executive Director<br />
[3] Headliner, Bill Cosby, shared<br />
his insights into life<br />
[4] Dean Vlahos, Jamie Hagan,<br />
Bill Cosby, Tom Petters, Jennifer Petters,<br />
Nigel Malloch and Michelle Vlohos<br />
[5] Event guests Deanne Ledee, Kevin<br />
Ledee and Camille Chee-Awai<br />
[6] Dove Carter of Petters Group<br />
(center) welcomed Bill Cosby and<br />
Smokey Robinson<br />
[7] Bill Dunlap of Petters Group visited<br />
with John and Karleen Hagan, John<br />
Petters’ grandparents<br />
[8] Tracy Mixon, Tom Petters, Bill Cosby,<br />
Jennifer Petters and Nigel Malloch<br />
[9] Tom Petters (2nd left) welcomed<br />
guests Bud Swanson, Mary Jeffries,<br />
President/COO of Petters Group, Heidi<br />
Libera, John Jeffries and Rachel Jeffries.<br />
9<br />
8<br />
5<br />
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:: GALLERY john t. petters foundation<br />
Setting the Course<br />
Foundation Looks At Future Plans<br />
DAWN FISH, EXECUTIVE DIRECTOR<br />
The more students study abroad, the<br />
keener their ability to successfully<br />
work in our increasingly global market.<br />
After John T. Petters’ tragic death just three<br />
years ago, the Foundation was established<br />
to further his passion for helping talented,<br />
less fortunate students experience study<br />
abroad. His passion foretold a rapidly<br />
growing trend at most colleges to strongly<br />
encourage, and increasingly, require, more<br />
students to study abroad as part of their<br />
undergraduate experience.<br />
In three short years, the John T. Petters<br />
Foundation has provided more than<br />
$<strong>10</strong>0,000 to 20 students for study abroad<br />
experiences that have transformed their<br />
lives. With your help from the 20<strong>07</strong> Legacy<br />
Gala, we hope to add more than $1 million<br />
to our endowment, and distribute more<br />
than $150,000 next year to nearly double<br />
the amount of students assisted to date.<br />
The cost of a college education is escalat-<br />
ing beyond reach for many. Studying<br />
abroad adds to that already skyrocketing<br />
cost, while being demanded by more and<br />
more employers. Accordingly, the John T.<br />
Petters Foundation is fulfilling a burgeon-<br />
ing need for today’s college students and<br />
their employers of the future. We are proud<br />
to provide scholarships for global compe-<br />
tency within tomorrow’s workforce. We<br />
thank you for your support and partnership<br />
in helping to meet this increasing need.<br />
20 :: PETTERSGROUP<br />
THANK YOU<br />
“A simple thank you does not seem enough to express how grateful I am to you, John<br />
Petter’s family and his Foundation for choosing me as a recipient for the scholarship in<br />
John’s honor. I am looking forward to studying abroad and know it will be the experience<br />
of a lifetime. Your Foundation has made this possible for me and I will do everything in my<br />
power to get the most out of this opportunity.”<br />
—LEVI LOWELL, SAINT JOHN’S UNIVERSITY 20<strong>07</strong> RECIPIENT<br />
“Thank you so much for choosing me for the scholarship. This foundation is so great.<br />
Many people tell college students to study abroad but with costs rising it becomes much<br />
harder. With your help my dreams will come true.”<br />
—ALEX HAMEL, ST. THOMAS 20<strong>07</strong> RECIPIENT<br />
“Being selected as a recipient for the John T. Petters Scholarship is an honor and a true<br />
blessing. Your financial support and belief in my potential will undoubtedly help me achieve<br />
my aspirations. I am enthusiastic about the fantastic opportunity to study in Segovia, Spain.<br />
While abroad I intend to gain a better understanding of international business in addition to<br />
learning the Spanish language. Thank you for this wonderful opportunity.”<br />
—CORY MORTENSON, SAINT JOHN’S UNIVERSITY 20<strong>07</strong> RECIPIENT<br />
“I am extremely excited to receive this award. Your generosity is so greatly appreciated, and<br />
I will treasure my experience abroad for the rest of my life. After graduation I hope to work<br />
as a corporate trainer and consultant. My ability to relate to individuals and companies will<br />
be a great strength, only strengthened by the Central Europe program made possible<br />
through your scholarship. Thank you again for your generosity to Miami University, the<br />
Richard T. Farmer School of Business, and me. It means a great deal.”<br />
—BRIAN VANNEST, MIAMI UNIVERSITY 20<strong>07</strong> RECIPIENT<br />
FOUNDATION HISTORY : :<br />
The John T. Petters Foundation honors the short and<br />
remarkable life of John Petters. John was a<br />
gregarious, 21-year-old student who was one of the<br />
most vibrant individuals you’d ever want to meet. As<br />
a student at Miami University in Oxford, Ohio, he<br />
tragically lost his life while on spring break in<br />
Florence, Italy, in March 2004. John had a desire to<br />
help deserving students study abroad and his family<br />
and friends made sure this would not end with his<br />
passing. Scholarships are awarded on a need-basis<br />
to students who display John’s characters of<br />
leadership, motivation, and the overall passion to study international<br />
business. The Foundation awards scholarships on an annual basis.
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:: GALLERY charitable giving gallery<br />
Melanie Martin, Michelle Galt and Tristan Galvan from Polaroid works on<br />
sanding and varnishing trim boards at the Habitat House.<br />
Building Dreams<br />
On May 9th and 17th, employees of the John T. Petters<br />
Foundation, Petters Group Worldwide and Polaroid joined<br />
together with the Twin Cities Habitat for Humanity and<br />
other local businesses to give back to the local community.<br />
There were 21 employees from the Minnetonka office who donated<br />
their time to the Entrepreneurial House – a home built by donations and<br />
volunteers from entrepreneurial businesses.<br />
“It was great to be able to work with the homeowners in building their<br />
future home,” Rachel Walker, Marketing Manager for BroadSign said. “I<br />
hope we can continue this volunteer work and make it an annual event.”<br />
Volunteers helped with all aspects of the building process from building<br />
retaining walls to cutting and placing trim.<br />
“Trimming is much harder than it looks,” Rebecca Bailey, Foundation<br />
intern, Miami University said. “It was really rewarding to stand back at the<br />
end of the day and see the progress we made.”<br />
Dedication for the Entrepreneurial House is on September 15th at 11 a.m.<br />
The Habitat for Humanity program builds homes for low-income families<br />
through a combination of donated funds and materials and labor from<br />
both volunteers and future home owners. Once a habitat home is completed,<br />
it is sold to the family for a reasonable price and at a zero percentage<br />
interest mortgage. This program helps poor, working families to enter the<br />
mainstream economic system.<br />
The Twin Cities Habitat for Humanity has built over 600 homes in the<br />
metro area and its affiliates have built over 1,000 homes in the state of<br />
Minnesota. For more information on how you can volunteer with the<br />
Habitat for Humanity affiliate nearest you, please visit: www.habitat.org.<br />
22 :: PETTERSGROUP<br />
Joe Schmit, host of the tournament<br />
and President of Petters<br />
Group Media & Marketing;<br />
Kyle Danko, Polaroid intern;<br />
George Danko, SpringWorks;<br />
Carl Alleman, Polaroid; and Bill<br />
Popp, tournament sponsor,<br />
participated in the Joe Schmit<br />
Golf Tournament<br />
Sun Country golf cart<br />
with Sun Country<br />
Employees Pete<br />
Heunisch, Bud Fisher,<br />
Heidi Bausch, Sue<br />
Brooksbank, Marti<br />
Guetzlaff, Elizabeth Voit<br />
and another volunteer.<br />
TEE TIME<br />
FOR<br />
CHARITIES<br />
For Petters Group Worldwide,<br />
the summer was a time of warm<br />
weather and charitable giving<br />
golf tournaments in Minnesota.<br />
Employees from Petters Group<br />
supported local charities, as<br />
they played in golf tournaments<br />
to raise money for different<br />
causes.<br />
• The golf season began<br />
with the 16 th Annual Joe<br />
Schmit Golf Tournament from June 9-12, which supports the<br />
Greater Twin Cities Big Brothers Big Sisters. The tournament<br />
included a Grand Party at the Minneapolis Convention Center,<br />
a golf challenge at Hazeltine National Golf Club in Chaska,<br />
and another at Bunker Hills Golf Club in Coon Rapids. Petters<br />
Group was the presenting sponsor, providing both monetary<br />
and in-kind donations. More than $300,000 was raised in<br />
total from the annual event.<br />
• The Golf for Diabetes tournament was held on June 18 th ,<br />
which supports the Diabetes Institute for Immunology and<br />
Transplantation at the University of Minnesota Medical<br />
School. Petters Group provided support through monetary<br />
and in-kind donations.<br />
• On July 9 th , eight Petters Group employees participated in<br />
the 20<strong>07</strong> Retreat Golf Extravaganza at Rush Creek Golf Course in<br />
Maple Grove. The event raised money for The Retreat’s Guest<br />
Scholarship Fund.<br />
• The Minnesota Teen Challenge 9th Annual Golf Classic on<br />
July 20 th was held at Troy Burne Golf Club in Hudson, WI, eight<br />
employees participated in the days’ events.<br />
• To conclude the summer of golf tournaments, Sun Country<br />
Airlines held their 2nd annual Sun Country Airlines Foundation<br />
Golf Scramble to support their scholarship program. The event<br />
took place on August 1 st at Crystal Lake Golf Club, and employees<br />
from Petters Group and Polaroid participated. Over $55,000<br />
was raised through sponsorships and participant events.
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Donations Benefit<br />
Minnesota Schools<br />
1 2<br />
A $2 million contribution was made by Tom<br />
Petters to the St. John’s University Abbey<br />
Guesthouse for the Petters Pavilion, in<br />
Collegeville, MN. The pavilion is a 3,500<br />
square-foot expansion of the current Abbey<br />
Chapter House. The addition includes a twolevel<br />
east entrance to the abbey church, and<br />
provides space for the lobby, elevator and<br />
stairwell access to the Assumption Chapel,<br />
restrooms and storage.<br />
“Tom Petters’ generous gift to honor his<br />
parents, Fred and Rosemary Petters, was<br />
truly transformational for the Abbey,” said<br />
Abbot John Klassen. “The addition has dramatically<br />
strengthened our facilities and<br />
made it possible for us to be much more<br />
hospitable to all visitors to Saint John’s.”<br />
Petters also recently made a commitment<br />
of $5 million to the College of St. Benedict for<br />
the Thomas J. Petters Center for Global<br />
Education. His commitment will help to fund a<br />
Center Director, who will coordinate activities<br />
among the academic disciplines, study abroad<br />
programs and global business partners.<br />
“Tom’s latest testament to the mission<br />
of our college, The Thomas J. Petters Center<br />
for Global Education, will enhance student<br />
learning, strengthen faculty development,<br />
and promote the common good,” said<br />
MaryAnn Baenninger, president, College of<br />
Saint Benedict. “Center activities, will help<br />
students, faculty, and the broader community<br />
to effect change and become a positive<br />
force in the world.”<br />
[1] Petters Pavilion at the St. John’s University<br />
Abbey in Collegeville, MN. [2] Gathering area<br />
inside the Petters Pavilion.<br />
Pink Camera Campaign<br />
SUPPORTING CHARITABLE CAUSES<br />
has been an important element in<br />
Polaroid’s 70-year history. For the second<br />
year, Polaroid will kick off a pink camera<br />
campaign this Fall to create awareness for<br />
the research funded by The Breast Cancer<br />
Research Foundation (BCRF).<br />
Polaroid has pledged to donate<br />
$150,000 to BCRF over the coming year, as<br />
well as launch a series of pink cameras that<br />
will be immediately available through multiple<br />
retail channels. In addition, the campaign<br />
will include a kick-off event centered<br />
around Breast Cancer Awareness Month in<br />
October. Plans are also underway to create<br />
an online community on polaroid.com to<br />
provide a venue for survivors or family<br />
members to tell their stories and share<br />
their experience through pictures.<br />
As part of last year’s ceremony, Polaroid<br />
joined Elizabeth Hurley and The Breast<br />
Cancer Research Foundation as they lit<br />
New York City’s General Motors Plaza, the<br />
Pulitzer Fountain and Bergdorf Goodman<br />
Lanterns in pink in recognition of Breast<br />
Cancer Awareness month.<br />
The Breast Cancer Research<br />
Foundation ® was founded in 1993 by<br />
Evelyn H. Lauder, as an independent, notfor-profit<br />
501(c) (3) organization dedicated<br />
to funding innovative clinical and<br />
genetic research.<br />
For more information, visit www.bcrfcure.org<br />
or call 1.866.FIND.A.CURE.<br />
THANK YOU::<br />
Dear Petters Group,<br />
I wanted to send you a note to personally<br />
thank you for your contribution to the 5th<br />
Annual MHC Hospitality Golf Classic<br />
benefiting the Boys & Girls Clubs of the<br />
Twins Cities. Because of the generosity of<br />
individuals and companies such as yours,<br />
the contributions far<br />
exceeded our expectations<br />
and goals.<br />
— TWIN CITIES BOYS<br />
& GIRLS CLUBS<br />
Dear Tom,<br />
A heartfelt thank you to you and Petters<br />
Group for your Game Sponsorship. Your<br />
financial help will allow us to continue to<br />
provide opportunities to deserving kids.<br />
We would also like to thank you for the<br />
Polaroid digital picture frame that you<br />
provided for our auction.<br />
— EDEN PRAIRIE ABC FOUNDATION<br />
Dear Petters Group,<br />
Thank you so much for your recent<br />
gift of $5,000 to Twin Cities Habitat<br />
for Humanity. Your contribution will be<br />
put to good use right away to support<br />
the construction of more decent and<br />
affordable homes. Without the support<br />
of partners like you, none of this<br />
would be possible.<br />
— TWIN CITIES<br />
HABITAT FOR<br />
HUMANITY<br />
Dear Tom,<br />
Thank you for your donation of $20,000<br />
for the 20<strong>07</strong> Excalibur Classic. Believe me<br />
when I say this, it’s more than the money<br />
that makes a difference; it’s the fact that<br />
you take the time to come to the event<br />
means that you really care about these<br />
hospitals and the work they do with the<br />
children fighting devastating illnesses.<br />
— JOE DIMAGGIO CHILDREN’S HOSPITAL<br />
AND DUKE UNIVERSITY CHILDREN’S<br />
HOSPITAL<br />
FALL 20<strong>07</strong>
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:: CORNERSTONES<br />
Customizing<br />
Cornerstones<br />
Mary Jeffries, Petters Group Worldwide<br />
President/COO<br />
The best strategy poorly executed<br />
doesn’t mean much. Over the past<br />
few years, Petters Group Worldwide<br />
has put a lot of energy into not just developing a<br />
successful business strategy, but also in our ability<br />
to execute that strategy. You’ve heard me talk<br />
a lot about our Cornerstone approach to strategy.<br />
While it may appear seemingly simple on the<br />
surface, our Cornerstone planning model is<br />
built on four guiding principles. As these four<br />
principles come together, we’re able to bring<br />
focus and force to our business growth.<br />
I want to spend a bit of time providing a quick<br />
overview of these principles to help all of our Petters<br />
Group companies achieve a higher level of success<br />
in their business planning and performance.<br />
Let’s start with what we call the “winnable<br />
outcome.” A winnable outcome is a big picture,<br />
yet very focused goal that can be achieved within<br />
1,000 days. It is the very heart of the<br />
Cornerstone process that brings focus, a sense of<br />
purpose and a powerful rallying cry for getting<br />
our people on board. Our winnable outcome for<br />
Petters Group is “leveraging investment opportunities<br />
for exceptional value and growth”. A<br />
24 :: PETTERSGROUP<br />
simple, yet high impact outcome that guides all<br />
of our decisions.<br />
The second principle is identifying the four<br />
Cornerstones that support the winnable outcome.<br />
These are high level strategic categories<br />
that embrace everything that will need to get<br />
accomplished in order to win our outcome. It<br />
requires a lot of thought, discussion, debate and<br />
shared commitment. The four Cornerstones for<br />
Petters Group are:<br />
• Strategy<br />
• Investment process<br />
• Operational excellence<br />
• Relationship management<br />
With the winnable outcome and four<br />
Cornerstones identified, we now have in place<br />
the foundation for the 4x4 Cornerstone process<br />
and leads us to the third principle, which is<br />
identifying the four supporting initiatives for<br />
each Cornerstone. In this step, we list all of the<br />
tactical initiatives that need to be accomplished<br />
in order to achieve the Cornerstone. Oftentimes,<br />
you can end up with a list of ten or more items.<br />
But the key is focusing on those that are most<br />
critical to achievement of the Cornerstone and<br />
the winnable outcome. The challenge is narrowing<br />
that list down to the top four. Once you have<br />
accomplished that, you assign one person who<br />
takes the lead on each initiative. This is especially<br />
critical, because if you have two or more people<br />
assigned to an initiative, it increases the<br />
chances that it won’t get done. With one person,<br />
you have clear accountability.<br />
Knowing who is accountable now leads us to<br />
the fourth principle, which is developing the<br />
specific action plan – identifying the steps,<br />
dependencies, timetable and resources required.<br />
The importance of this step is that it is targeted<br />
on accomplishing the initiative, which creates a<br />
very focused work plan.<br />
I’ve tried in a few words to give you a quick<br />
overview of a very critical business process that we<br />
want to have all of our Petters Group companies<br />
follow. By taking the time up front to put all of<br />
these principles in place, you will see significant<br />
performance improvement. Most importantly, you<br />
will have a process to accomplish one of Tom’s top<br />
priorities – execution. Happy planning. PG
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26 :: PETTERSGROUP
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MAKING A DIFFERENCE :: John FREDERICKSEN<br />
Building Relationships<br />
Satisfying Sun Country Employees and Customers<br />
With the airline business looking gloomy lately, Sun<br />
Country is shining above the rest. John Fredericksen,<br />
Vice President & General Counsel, has proven to be<br />
one of the guiding lights in Sun Country’s latest success. He has played an<br />
important role in establishing Sun Country as a friendly and reliable airline—something<br />
uncommon among many airline carriers today. “We focus<br />
not only on affordability like many of our competitors, but on a positive<br />
travel experience. From ticket purchase to destination arrival – this is what<br />
we believe sets us apart from the rest,” Fredericksen said.<br />
Because the customers’ experience is top priority for Sun Country airlines,<br />
it is not a surprise that they are concerned with employee satisfaction<br />
and customer service as well. “From Sun Country’s meager beginnings<br />
and early struggles, there has been a ‘get it done’ attitude, coupled with a<br />
unique devotion to service amongst the employees—they understand how<br />
important their job is in our success as a company,” Fredericksen said.<br />
Fredericksen credits the people that work for Sun Country as the reason<br />
for their success. “It’s the best airline in Minnesota because of the people<br />
who work here. Everyone—from baggage handlers to flight attendants<br />
—truly has attributed to our success,” he added. As Vice President and<br />
General Council, Fredericksen is responsible for contracts and agreements,<br />
labor relations and other legal issues. He is the man behind employee<br />
satisfaction, and clearly employees and customers are satisfied.<br />
Fredericksen has 30 years of experience across the board in aviation.<br />
He started his career as a Navy pilot and after receiving his law degree at<br />
the University of Southern California, he worked for the Federal Aviation<br />
Administration in Washington, DC. In 1986 he got into airline management<br />
and later joined Mesaba Airlines, where he gained most of his experience<br />
in the airline industry. Fredericksen joined a very skilled yet struggling<br />
Sun Country management team in 2003, where he was an integral<br />
part of returning Sun Country to a profitable airline.<br />
Sun Country continues to be ranked as one of the best airlines to travel<br />
in the country. In May, Sun Country was deservingly ranked on the list<br />
JENNA GEBEKE<br />
of Top Domestic Airlines in Travel + Leisure’s 20<strong>07</strong> World’s Best Service<br />
Awards. The awards were based on a survey taken by readers that ranks<br />
travel companies based on service and attention, and all domestic carriers<br />
were eligible for the award. Sun Country Airlines is a low cost, low fare<br />
carrier based in Mendota Heights, MN, and serves 29 destinations in the<br />
United States, Mexico and Caribbean.<br />
“Our caring company culture<br />
reflects positively on our service<br />
and customer experience”<br />
—JOHN FREDERICKSEN<br />
To Fredericksen, the recent acquisition of Sun Country by Petters<br />
Group Worldwide and Whitebox Advisors has proven to be an important<br />
and strategic move for the airline. “This partnership is not only important<br />
for us financially in order to be able to continue to expand our customer<br />
offerings, but it provides us with the abilities to leverage the strengths of<br />
our investors,” Fredericksen said.<br />
When asked what he does in his spare time, he simply replied, “What<br />
spare time? There’s not a whole lot of that around here.” When he does find<br />
a moment away from his desk, he enjoys playing tennis, spending time with<br />
his family, and attending his kid’s activities. Sun Country’s successful culture<br />
is a reflection of the outstanding individuals that work there. “Dedication is<br />
found in every aspect of the company and service we provide. It is something<br />
that just is at Sun Country,” Fredericksen said. This is the common attitude<br />
that is found within Sun Country employees and is what makes the airline<br />
thrive. “Our caring company culture reflects positively on our service and<br />
customer experience—it is the driving force behind our success as a company,”<br />
Fredericksen said. PG<br />
FALL 20<strong>07</strong>
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28 :: PETTERSGROUP
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EXECUTIVE PROFILE :: David BAER<br />
Named one of the Top 15 Lawyers<br />
in Minnesota by Minnesota<br />
Lawyer in 2006, Petters Group<br />
Worldwide Chief Legal Officer David Baer, won’t<br />
be performing disappearing acts anytime soon.<br />
During his youth, Baer was given a magic kit<br />
and soon became deeply engaged with various<br />
magic tricks. Throughout the years, he continued<br />
to pursue this hobby as he performed for<br />
crowds from 5 to 5,000.<br />
Originally from St. Paul MN.,<br />
Baer attended the University of<br />
Minnesota for his undergraduate<br />
studies, and decided to begin his<br />
legal career at William Mitchell<br />
College of Law where he graduated<br />
cum laude.<br />
“I knew I wanted to be in a<br />
career that supported and practiced<br />
continual learning,” Baer<br />
said. “I love that I am always able<br />
to learn and evolve as an individual and business<br />
professional.”<br />
Prior to joining Petters Group in 2003, Baer<br />
was an attorney at Leonard, Street and Deinard,<br />
where he practiced corporate law. As a magician<br />
turned lawyer, Baer has been able to adapt his<br />
skills of communicating effectively with others<br />
and working hard through the different programs<br />
and careers he has chosen.<br />
“David has extraordinary talent in his ability<br />
to lead and advise,” Tom Petters, Chairman and<br />
CEO of Petters Group said. “His knowledge of<br />
the field of law and international business is an<br />
invaluable resource for our company.”<br />
Many lawyers are only approached when<br />
people are already in trouble. Baer prefers to be<br />
No Hocus Pocus<br />
Legal Department Strategically Guides Development<br />
KATHERINE HARLANDER-LOCKE<br />
proactive, rather than reactive. “Many people<br />
don’t realize it, but our legal team is also here to<br />
help advise and provide support before something<br />
goes wrong,” Baer said. “We strive to identify<br />
potential issues before they arise and take a<br />
more holistic approach to advising.”<br />
As the leading member of the Petters Group<br />
Worldwide legal staff, Baer’s role encompasses<br />
many different areas including strategic development<br />
and growth in existing organizations,<br />
“Our legal team is also here to<br />
help advise and provide support<br />
before something goes wrong.”<br />
—DAVID BAER<br />
exploring and supporting new business ventures,<br />
and working with other members of the<br />
legal team to assist and maintain communication<br />
with the Petters Group portfolio companies.<br />
“I really enjoy being able to influence the<br />
direction of the companies,” Baer said. “Because<br />
my position allows me to work with most of the<br />
companies, I get to work with a lot of people who<br />
are passionate about their job and the company.”<br />
Petters Group differentiates itself with its<br />
portfolio companies, and this requires individuals<br />
to evolve traditional roles to fit the needs of<br />
the organization.<br />
“David has done a phenomenal job of<br />
applying his knowledge and experience to<br />
assist our companies meet the challenges and<br />
opportunities facing them, all in an effort to<br />
helping them achieve their business objectives,”<br />
Michael Phelps, Deputy Chief Legal<br />
Officer, Petters Group said.<br />
Working as a team and maintaining communication<br />
is an important aspect of Baer’s job and<br />
the collective legal department. As a group, Baer<br />
and his peers are continually identifying how to<br />
improve their quality of assistance and effectiveness<br />
of their department.<br />
“I have the honor and<br />
privilege of working with one<br />
of the most skilled and talented<br />
legal teams of any company<br />
or law firm – without them,<br />
we could not operate as well<br />
as we do,” Baer said.<br />
“However, we consistently<br />
look for ways we can improve<br />
as a team and as a company.<br />
With a busy schedule like<br />
Baer’s, it can be hard to find down-time. But with<br />
the ability to juggle work and family, he makes<br />
the most of his free time by traveling with his<br />
wife Naomi, downhill and water skiing, cooking<br />
and entertaining, and listening to music. In July,<br />
Baer and his wife traveled to Israel for two weeks<br />
where they toured the city of Jerusalem, visited<br />
the Holocaust museum and memorial, and<br />
swam in the Dead Sea.<br />
After all that Baer has achieved, life is not<br />
slowing down as he is currently finishing an<br />
MBA at the University of St. Thomas.<br />
“Law is a field of continual learning,” Baer<br />
said. “I am excited to see how I will be able to<br />
apply this knowledge and experience to the<br />
growth and success of Petters Group.” PG<br />
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:: WHERE IN THE WORLD IS TOM? June 29-July 7<br />
FRIDAY, JUNE 29TH<br />
Tom headed west to Colorado to work on finalizing plans to build<br />
a 5 star resort hotel at Keystone, CO. This is a project the team at<br />
Petters Real Estate Group has been working on.<br />
MONDAY, JULY 2ND – WEDNESDAY, JULY 4TH<br />
While in Colorado, friends joined Tom for an early birthday and<br />
Fourth of July celebration.<br />
THURSDAY, JULY 5TH<br />
Tom flew back to the Minnesota office for meetings to finalize<br />
plans for the John T. Petters Foundation Legacy Gala and set up<br />
initiatives for a trip to Japan later in the month. It took him until<br />
30 :: PETTERSGROUP<br />
�����������<br />
As a man who is constantly on<br />
�����������<br />
the move, Tom Petters is often asked,<br />
�����������<br />
“Where in the world are you?”<br />
�����������<br />
This is a little snapshot of one of Tom’s weeks.<br />
1957 was the year the classic ’57 Chevy was created, General Mills introduced TANG, Barry Gordy founded “Motown Records”<br />
and Tom Petters born. As a man on the go he worked his 50th birthday celebrations into his work travel schedule.<br />
early into the morning of the 6th to catch up on his 500+ emails<br />
in his inbox.<br />
FRIDAY, JULY 6TH<br />
Another scorching day in Minnesota left Tom wondering how it<br />
could be cooler at his Florida house than Minnesota. After a morning<br />
of meetings, he set off for New York to meet up with his daughter<br />
Jennifer who was there for her summer internship with People<br />
Magazine. That evening they celebrated her birthday.<br />
SATURDAY, JULY 7TH<br />
To celebrate their birthdays Tom and Jennifer left with a few<br />
friends for a week in Greece. Happy 50th Tom! PG
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:: THE LEARNING CENTER Polaroid re-training<br />
Front row: Dick Graff, Peter Gatti, Donovan<br />
English, Dennis Maher, Brian Quinn<br />
2nd row: Dave MacDonald, Steve Hobbs, John<br />
Figliolini, Paul Levesque, Joe Bayles<br />
3rd row: Phil MacDonald, Al Doane, Gerry<br />
Urquhart,Rob Fraser, Cat Smith, George Cairns<br />
Back row: Rick Elmer of BMS, Don Berry, Bob<br />
Ottaviano, George Sealey, Mark Knowles<br />
Finding The Next Job<br />
Polaroid’s Chemical Operation Solution<br />
WRITTEN BY PENNY LOCEY<br />
By Polaroid moving further into the digital and consumer electronics<br />
markets this meant that the Chemical Operations plant in<br />
Waltham would be closing, the Learning Center, Human<br />
Resources (HR) and line leadership responded. Unlike traditional outplacement<br />
programs which begin after employees leave, Polaroid implemented<br />
several creative ideas to assist employees in preparing for their future, prior<br />
to leaving. Having time to consider their career options, understand their<br />
skills and financial situation, and getting skilled in conducting their job<br />
search effectively, helped employees and their managers begin to adjust to<br />
the impending change.<br />
However, an important theme emerged in these sessions: many people<br />
wanted to get hired into one of Massachusetts’ main growth industries –<br />
biotechnology – and were blocked because it is difficult to enter from the<br />
outside due to specialized requirements.<br />
32 :: PETTERSGROUP<br />
Bill Allen, Process Engineering Manager from Chemical Operations,<br />
who had been working hard to find ways to get his people into jobs, had a<br />
breakthrough in a casual conversation with a member of the ISPE<br />
(International Society of Pharmaceutical Engineering). He heard that<br />
industry professionals were complaining about the lack of manufacturing<br />
experience in the new graduates they were hiring. “It was such a great<br />
opportunity to provide our operators a smooth transition into the<br />
biotech field using what seemed to us to be very transferable skills, we<br />
had to pursue it,” Allen said.<br />
Seizing the potential opportunity, Allen turned to the Learning Center<br />
who teamed with Joe Labenski, Plant Director, and Polaroid’s HR team to<br />
quickly assess the skills resident in the plant, and scope the needs and<br />
research existing programs. A timeline was created to help retrain the<br />
employees using innovative programs, which aided in finding resources,
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The second program members (not in order): Toni Andrade, Leonard Barrieau, Dennis Bawn,<br />
Arcay Blake, John Boudrow, Mark Caso, Diane Cerra, Dennis Dost, Michael Gogos, Nelson<br />
Horton, Martin Leandro, Stephen Mcfadries, Paul Mello, Damas Moreau, Keith Saxon, Roger<br />
Shepherd, Kevin Sinclair<br />
connections and industry credibility.<br />
Partnering with Worcester Polytechnic<br />
Institute (WPI), a leader in life sciences and bioengineering<br />
education, resulted in a two part<br />
program design: a two day briefing on FDA regulations<br />
and the manufacturing standards and<br />
practices required of the industry for fifty attendees<br />
and a smaller, five week Fundamentals in<br />
Biotech Manufacturing program to give them<br />
the real experience needed for entry.<br />
Simultaneously, the Learning Center formed a<br />
partnership with the Massachusetts Division of<br />
Career Services’ Rapid Response team and One<br />
Stop Career Centers to obtain a grant to fund the<br />
program – expanded ultimately to a $130,000<br />
grant when the program was renewed for a second<br />
round in July.<br />
Twenty members attended the first unique<br />
five-week, laboratory based core program -<br />
taught by both working managers in major<br />
biotech companies such Abbott, Genzyme,<br />
Lonza and Bristol Myers Squibb and by key WPI<br />
faculty. The intensive program combines essential<br />
technical skills with the hands-on experience<br />
in an environment that simulated the controlled<br />
activities critical for success in FDA regulated<br />
environments. “Having working managers<br />
as teachers has been an important key.<br />
They have a vested interest in providing both<br />
practical application of the biotech skills needed<br />
for real jobs, and helping the participants make<br />
connections and get hired in the industry,” said<br />
Penny Locey, Director, Learning & Org<br />
Development for Petters Group and Polaroid.<br />
In fact, the program positioned the graduates<br />
so well that by the close of the progrm, most of<br />
the initial attendees who had new jobs before or<br />
soon after their exit. This convinced the state to<br />
fund round two in July. Participants of the program<br />
are from Polaroid and a former Polaroid<br />
plant that had become Multilayer Coating in New<br />
Bedford, MA, who had recently also lost workers.<br />
“Polaroid was a model partner with us. Their<br />
leadership opened the doors of their Waltham<br />
plant so we could provide services to their<br />
employees. They really took the initiative by<br />
assessing what skills those workers had and linking<br />
them to opportunities in biotech - a growing,<br />
high-wage industry”, said Ken Messina, the<br />
Manager of Rapid Response Services, which is<br />
part of the Massachusetts Executive Office of<br />
Labor and Workforce Development.<br />
The Massachusetts Rapid Response team<br />
has 20 years of experience working with<br />
employers in transition to either avert downsizing,<br />
or mitigate its effects; the combination of<br />
getting set aside funding for a skill training program.<br />
“Helping the affected workers jumpstart<br />
Polaroid was<br />
a model partner<br />
by linking their<br />
employees<br />
into new<br />
opportunities.”<br />
—KEN MESSINA<br />
their job search, plus understand their community<br />
resources like area One-Stop Career Centers<br />
was highly effective,” Messina said. “Working<br />
together with Polaroid and WPI, just under 80%<br />
of those workers have either been hired, or<br />
received commitments to be hired.<br />
Polaroid served as a model of the kind of<br />
relationship we’re working to replicate in the<br />
future, serving companies as they grow as well<br />
as when they restructure,” he added. The program<br />
is viewed as a model for the state, and the<br />
Massachusetts Biotechnology Council has invited<br />
Messina and Locey to speak at an upcoming<br />
statewide council meeting.<br />
As important as their obtaining new positions,<br />
Locey said, has been the change evident<br />
in the graduates themselves. “When I attended<br />
the graduation ceremony,<br />
these people<br />
were energized. They<br />
had completed a<br />
demanding program,<br />
they knew it and<br />
were proud of themselves;<br />
they were<br />
more confident and<br />
hopeful about their<br />
future. That’s learning<br />
at its best!” PG<br />
Penny Locey<br />
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:: FEATURE inside glance<br />
34 :: PETTERSGROUP<br />
Camille Chee-Awai<br />
Cash or<br />
Credit<br />
Petters Capital Supporting Growth<br />
KATHERINE HARLANDER-LOCKE<br />
The world of Petters Capital and its customers,<br />
namely Petters Group portfolio companies,<br />
evolve around hedge funds, investment banks,<br />
venture capital, lease financing, mezzanine debt, convertible<br />
debt, warrants, assets, capital structure. Sounds pretty simple,<br />
right? Essentially yes, if you’re Camille Chee-Awai, Kevin<br />
Riedl or Vince Fusco – all members of the Petters Capital’s<br />
team. Established in November of 2004 and later restructured<br />
in October 2006, Petters Capital operates as a nimble merchant<br />
bank to support the growing and sophisticated global<br />
financial activities and funding requirements of Petters Group<br />
Worldwide and its portfolio companies.<br />
“By allowing us to attend to the portfolio company’s<br />
finance needs, the operating management is able to focus on<br />
the execution of their business plan,” Riedl said. Initially,<br />
funds for Petters Capital came from Tom Petters, but over the<br />
last year, through investments from third party banks and<br />
high net worth individuals, Petters Capital has assisted to<br />
accommodate the launch and financial growth of several<br />
portfolio companies.<br />
Why are outside investors interested in investing in a privately<br />
held company such as Petters Capital? “We offer a<br />
unique and appealing investment opportunity for<br />
lenders/investors to diversify their portfolio across many sectors<br />
through our actively managed investment program to<br />
individual companies within Petters Group,” Chee-Awai said.<br />
“With our extensive management experience in capital markets,<br />
debt underwriting and creative structuring, we have been<br />
able to present a captive finance platform that is compelling to<br />
the financial community. We deploy world-class underwriting<br />
standards to properly structure our investments and acutely<br />
monitor our portfolio to ensure that there are no surprises.”<br />
While the three members of the Petters Capital team work<br />
closely together to ensure efficiency and results, all offer a<br />
very diverse background to Petters Capital. Chee-Awai started<br />
her finance career at the World Bank, and during the<br />
course of 17 years has functioned in multiple capacities at GE
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Capital, CEA, a private equity focused on communications<br />
and media and EIM, a hedge fund,<br />
which she co-administered. She also speaks several<br />
languages including Spanish, French,<br />
Portuguese and is learning Mandarin.<br />
As Finance Director for Petters Capital, Riedl<br />
spearheads the underwriting, analysis and monitoring<br />
of portfolio transactions and the portfolio<br />
administration functions. Prior to joining Petters<br />
Group, Riedl was the Senior Manager of Business<br />
Planning and Analysis at Deluxe Corporation. He<br />
has also worked as Senior Operations Analyst at<br />
Northwest Airlines and as Manager of Financial<br />
Planning and Analysis at Rollerblade, Inc.<br />
Fusco is currently Senior Financial Analyst<br />
for Petters Capital, where he utilizes his valuation,<br />
strategic consulting and investment banking<br />
experience to evaluate investment opportunities<br />
(including equity, tax lease structures and<br />
structured debt) in a wide variety of industries.<br />
Fusco started his career in finance at Manchester<br />
Kevin Riedl and Vince Fusco<br />
Petters Capital focuses on finance<br />
needs allowing businesses to focus<br />
on their business plan.<br />
Companies as a Strategic Consultant and later as<br />
Vice President. He went on to serve as an analyst<br />
at ING Investment Management, and as Manager<br />
of Mergers and Acquisitions at Pentair, Inc.<br />
The main goal of Petters Capital is to reach<br />
out to Petters Group portfolio companies to<br />
understand their business plans and funding<br />
needs to connect them with appropriate funding<br />
sources. “The first time I talk to a portfolio company,<br />
I want to understand their objectives and<br />
how we may be able to either fund them directly<br />
or offer them various financing options from<br />
independent pools of capital,” Chee-Awai said.<br />
Ultimately, the objective of Petters Capital is to<br />
first understand the short and long-term goals of<br />
their customers, the Petters Group portfolio companies,<br />
then to assist in devising the appropriate<br />
capital structure and funding program to allow<br />
them to execute their business plan.<br />
When we needed funding for our launch,<br />
having Petters Capital as a partner helped give<br />
focus to our strategy,” said Dan Lagermeier, CFO<br />
of Petters Consumer Brands (PCB). “They ask the<br />
tough questions that we needed to think<br />
through.” Petters Capital has also worked closely<br />
with Petters Aviation to provide financing.<br />
However, funding directly from Petters<br />
Capital is not a guarantee for Petters Group<br />
Worldwide portfolio companies. If a path for<br />
repayment is not clearly defined, financing will<br />
not be underwritten and approved. “We are<br />
looking out for Tom Petters’ interests as well as<br />
our outside investors,” Fusco said.<br />
Procuring financing for a private company<br />
can be challenging, given various market dynamics.<br />
“However, in the current environment, there<br />
is significant liquidity and there is a lot of capital<br />
which cannot find a home,” Chee-Awai said.<br />
Petters Capital is working diligently to establish<br />
relationships with various funding sources to<br />
provide an understanding of the Petters Group’s<br />
portfolio to potential investors and lenders with<br />
the long term goal of connecting these portfolio<br />
companies with cost-effective capital. Currently,<br />
Petters Capital is focusing on providing debt<br />
financing to the Petters Group portfolio companies,<br />
rather than equity financing.<br />
“Petters Group has a unique relationship<br />
with Petters Capital in that we can openly discuss<br />
the vision for not only the portfolio companies,<br />
but also for the broader Petters Group,”<br />
Mary Jeffries, President/COO of Petters Group<br />
said. “This closeness allows for solid long-term<br />
planning to occur.”<br />
Petters Group continues to grow and diversify<br />
its portfolio of companies. Connecting Petters<br />
Capital with these companies will assist in establishing<br />
the appropriate platform to obtain capital<br />
required for their growth and success.<br />
“We are here to build relationships and help<br />
connect-the-dots with the financing needs of<br />
Petters Group companies,” Chee-Awai said. PG<br />
For more information email<br />
camille.cheeawai@pettersgroup.com<br />
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COVER STORY :: JUICE MEDIA<br />
36 :: PETTERSGROUP
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BY Katherine Harlander-Locke PHOTO Todd Buchanan<br />
Database<br />
MINING<br />
Developing personalized communication plans<br />
Founded in late 2005, no one could have predicted the<br />
path Juice Media Worldwide would take. Initially<br />
founded as a media and marketing company, they<br />
focused on building web sites and creating online video<br />
using green screens. Like many companies, Juice Media<br />
continually evolved from customer feedback, market<br />
trends and the need for new technology. Now in its<br />
second phase, they have developed innovative<br />
technology and become a software and media company<br />
focused on the creation, implementation, and<br />
execution of their proprietary next generation,<br />
customer interaction solutions.<br />
“One of our strengths at Juice Media is that we<br />
breed innovation and co-creation,” Rick Enrico,<br />
CEO of Juice Media said. “We recognize the needs<br />
of customers, and we are devoted to building tools<br />
they can use to maximize real-time customer<br />
information to propel revenue in their business.”<br />
JuiceMetrIQs – the company’s newest<br />
development, is a Customer Relationship<br />
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COVER STORY :: JUICE MEDIA<br />
“<br />
Improve the<br />
customers’<br />
experience by<br />
knowing exactly<br />
what the<br />
customer want.”<br />
—RICK ENRICO<br />
38 :: PETTERSGROUP<br />
Management 2.0 (CRM 2.0) solution for businesses. The software<br />
application is used to extract data from multiple databases and customer<br />
interaction points, within a corporate environment, to analyze real-time<br />
information.<br />
Combined into one dashboard, businesses have the ability to build individual<br />
customer profiles, which are then compiled into customer marketing<br />
segments. Personalized communication campaigns such as e-mail, are driven<br />
through JuiceMetrIQs to the customer. JuiceMetrIQs then tracks all success<br />
and revenue through the campaigns. As the communication market<br />
evolves, JuiceMetrIQs is continually adding forms of media and marketing<br />
channels, both online and offline.<br />
Around the globe, smart companies are now adopting this new CRM 2.0<br />
paradigm. They have recognized the importance of making the sales and<br />
marketing process a two-way, interactive dialog by using user groups, social<br />
networks, message boards, blogs, web 2.0 application, and video sharing.<br />
The companies are able to personalize these through personal pages, RSS,<br />
social filters. They are making it on demand through mobile web, mobile<br />
applications, SMS, podcasting, and streaming video.<br />
“Petters Group Worldwide has a history in seeing the future in new technologies,”<br />
Tom Petters, Chairman and CEO of Petters Group Worldwide<br />
said. “Our investment in Juice Media brought them into the portfolio companies<br />
to develop relationships within our organizations.”<br />
Juice Media has already started to work with Sun Country Airlines and<br />
YFly.<br />
Using the new CRM 2.0 software, Sun Country Airlines has been able to<br />
improve their customers’ experience by knowing exactly what their customers<br />
want, before they even tell them. Through JuiceMetrIQs, data is com-
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JuiceMetrIQ’s CRM 2.0 dashboard<br />
piled automatically from several databases. The airline then monitors<br />
through online dashboards, how prospects and customers interact with their<br />
web site, email campaigns, Google campaigns, and landing pages.<br />
By combining these analytics with their flight and reservation information,<br />
purchase history, and Affinity Program, Sun Country has the ability to<br />
create a series targeted communications to increase overall customer satisfaction<br />
and return customers.<br />
“This technology allows us to better understand our customers and their<br />
needs,” Wendy Williams Blackshaw, Vice President of Marketing said. “It<br />
also provides us with the platform to market to the public accordingly.”<br />
The entertainment-based social network YFly.com, is also implementing<br />
the software to improve interactions with their customers and to track user<br />
interactions. YFly is using CRM 2.0 to shift their measure of success from<br />
one that is solely based on the number of connections to gathering quantitative<br />
data on how members are using their social network.<br />
The user-generated profile is the cornerstone of any social network. All<br />
the text, images, videos, music, quizzes, and, surveys that subscribers<br />
choose to display, allow them to go beyond connecting with immediate<br />
friends and family, and join others in cyber space who share similar interests<br />
and expressions. YFly, with an interface rich in entertainment and multimedia,<br />
was an ideal candidate for JuiceMetrIQs.<br />
As the company has evolved, so have the culture and employees of Juice<br />
Media. “We have the mindset for success, and that, combined with creativity<br />
creates opportunity,” Enrico said.<br />
Turning opportunity into success in the media and software industry has<br />
also been supported by the strong leadership team of Enrico, Mark<br />
Brogowicz, Chief Technology Officer, and the recent addition of Mark<br />
Stumm as Vice President of Product Management.<br />
“We are delighted to have such a seasoned software veteran join the Juice<br />
Media team. He brings a wealth of experience in senior level leadership,<br />
strategic planning, product management, and marketing,” Enrico said. “I am<br />
confident in his abilities to guide our product offering as we grow.” PG<br />
For more information visit juiecemtriqs.com or emailrenrico@juicemedia.com<br />
Juice Media Worldwide continues to devote its<br />
efforts to be the leader in marketing software applications.<br />
“Our goal is to build a worldwide company<br />
that provides the highest level of customer, employee<br />
and community success,” said Enrico.<br />
CASE STUDY:<br />
SUN COUNTRY AIRLINES<br />
SUMMARY:<br />
Viewing their database as an oil field of opportunity,<br />
Sun Country Airlines is working with Juice<br />
Media to mine their database as well as break<br />
apart their marketing campaigns in order to create<br />
a series of highly-effective targeted campaigns<br />
throughout multiple marketing channels.<br />
JUICE SOLUTION:<br />
Juice Media’s communicate, track, refine and<br />
repeat process combines advanced analytic capabilities<br />
with diverse team member insight ranging<br />
from programming and database management to<br />
media, marketing, and advertising. By effectively<br />
combining and enhancing their current sales, marketing,<br />
and data systems, JuiceMetrIQs also<br />
allows Sun Country to mine their data sources as<br />
well as track specifically which elements within<br />
their marketing campaigns are driving the revenue.<br />
Viewing “Success as a Cycle,” Juice Media works<br />
as an extension of Sun Country’s internal divisions<br />
providing valuable insight into developing and<br />
optimizing their multi-channel campaigns.<br />
SUCCESS STORY:<br />
Unwilling to compromise “your inalienable right to<br />
enjoy air travel,” Sun Country continually seeks to<br />
improve their flight experience by knowing exactly<br />
what their customers want – even before they tell<br />
them. The airline keeps tabs on of how prospects<br />
and customers are interacting with their web site,<br />
emails, Google campaigns, landing pages, as well<br />
as several offline advertising channels.<br />
By combining these analytics with their flight<br />
and reservation information, purchase history, and<br />
Affinity Program, Sun Country has earned the reputation<br />
of a true database marketer. With data<br />
mining and analytics under control, Sun Country is<br />
looking to Juice Media’s Marketing Automation<br />
services to distribute their newly created campaigns<br />
– stay tuned.<br />
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:: CORNERSTONES Relationship Management<br />
Interns at the Chairman's Party<br />
networking with managers and<br />
Petters Group executives.<br />
Relationship Management <strong>10</strong>1<br />
for Summer Interns<br />
WRITTEN BY KATHERINE HARLANDER-LOCKE AND CHRISTINE ORTENZIO<br />
In any position, company, or career field, it’s<br />
always been said: “It’s not what you know, but<br />
who you know.” As holds true at Petters<br />
Group Worldwide, developing and sustaining<br />
strong relationships among the portfolio companies<br />
is critical to efficient operation and the ability<br />
to meet strategic goals.<br />
In developing relationships, internships play<br />
an important role in bringing outside experience<br />
to the companies, as well as allowing students to<br />
network with business professionals.<br />
“We put a lot of work into ensuring that<br />
interns have a chance to interact with people from<br />
around the company through various activities<br />
and learning opportunities,” Patricia Hamm, EVP<br />
of Human Capital and Learning Group said.<br />
This summer, Petters Group had 34 interns<br />
from 16 schools, working within the various companies,<br />
including Sun Country Airlines. The<br />
internship experience began quickly as the stu-<br />
40 :: PETTERSGROUP<br />
dents became acquainted with who is who and<br />
who does what, and took the opportunity to get to<br />
know their manager who would serve as a mentor<br />
and key resource.<br />
Throughout the companies, working as a team<br />
is a critical component in creating results. For<br />
interns, weekly meetings became a helpful way to<br />
interact with other members of their department,<br />
and learn more about the projects and responsibilities<br />
of different positions and roles within the<br />
Petters Group structure.<br />
Over the course of the summer, events were<br />
planned to further build relationships among<br />
intern and managers. In Minnetonka, some of<br />
these events included a Chairman’s Welcome<br />
Dinner held at Tom Petters’ home, a Twins game,<br />
a BBQ and volleyball tournament, and a end-ofthe-summer<br />
celebration on Lake Minnetonka.<br />
These events were deemed to be beneficial, as they<br />
allowed the interns to interact with managers or<br />
I just want to personally say thanks<br />
again for all your help & support.<br />
Robbie has had a fantastic summer.<br />
He speaks highly of all his peers and<br />
how exciting the daily work environment<br />
really is to be a part of. Robbie<br />
has developed some really neat<br />
friendships with this network of<br />
smart and talented kids from all over<br />
the country. Please pass along to<br />
Tom – our family’s thanks for offering<br />
such a marvelous, positive intern<br />
program. A parent’s reward is to see<br />
your son so engaged and excited<br />
about what’s ahead for their career.<br />
Robb Leer, father of Robbie Leer,<br />
Petters Group Intern – Finance Dept.
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/<strong>10</strong>/<strong>07</strong> 3:55 <strong>PM</strong> <strong>Page</strong> 41<br />
A trip to New York City to experience a<br />
Sun Country flight was one of the adventures<br />
for the interns and select employees.<br />
executives from around the companies.<br />
“The events this summer were a great way to<br />
network and get to know other interns and<br />
employees outside of the work setting,” Ana Maia,<br />
Polaroid operations summer intern, from Rollins<br />
College said.<br />
For the Boston summer interns, events<br />
included a harbor cruise, a lunch with Polaroid<br />
President Thomas Beaudoin, and a Red Sox<br />
baseball game.<br />
Another education tool used within the<br />
Petters Group internship program was learning<br />
lunches and career panel, which allowed students<br />
to hear presentations from top business executives.<br />
These lunches also allowed students to discuss<br />
current issues within the various fields of<br />
international business.<br />
“I really enjoyed being able to hear about different<br />
people’s experience, and about all of the<br />
opportunities within the various fields of business,”<br />
Jason Dehler, Petters Group summer intern,<br />
from Gustavus Adolphus College said.<br />
An important aspect of networking and<br />
strengthening professional relationships is the<br />
ability to cooperatively work as a team to achieve<br />
The “Hamm Pattys” volleyball team:<br />
Jenna Gebeke, Jake Burns, Patty<br />
Hamm, Sarah Skytte, Jason Dehler,<br />
Matina Ploumidis and Carter Taylor<br />
Networking opportunities have helped<br />
interns form critical relationships<br />
specific goals. For the Polaroid summer interns,<br />
this meant collectively working to assess the current<br />
Polaroid brand.<br />
Throughout the summer, the interns compared,<br />
analyzed and evaluated the user experience<br />
of Polaroid products against its competitors’.<br />
Bringing experience from the areas of marketing,<br />
sales, inventory, engineering, product<br />
testing, customer service and product development,<br />
the interns were able to combine their<br />
knowledge of each product category and the<br />
company in making recommendations as to how<br />
the brand can expand and continue to compete<br />
successfully in the current and future consumer<br />
electronic market.<br />
“We are learning what we do not know, from<br />
great young minds. This is one way we really<br />
explore how to get better everyday. No one every<br />
said these kids ‘can’t do that - tried that before,’”<br />
Tom Petters, CEO of Petters Group said.<br />
As the internship experience winds down, the<br />
students start to look to the future in regards to<br />
what to do and where to work. At Petters Group,<br />
some of the past interns have come back as fulltime<br />
employees after graduation. Currently, 11<br />
employees with the Petters Group portfolio of<br />
companies were once interns.<br />
“I recognized the opportunities that would<br />
be available to me by coming back to work at<br />
Petters Consumer Brands,” Annie Karsh,<br />
Product Manager, Petters Consumer Brands<br />
said. “I knew that I would experience a wide<br />
variety of responsibilities that would allow me to<br />
expand my business knowledge very quickly –<br />
that has definitely been the case.”<br />
Many of these employees also find that<br />
their networking opportunities as interns<br />
helped them form critical relationships that<br />
allowed them to take advantage of the opportunities<br />
at Petters Group.<br />
“I knew that I wanted to come back,”Mike<br />
Smith, Operations Analyst, Polaroid said. “I kept<br />
in close contact with people at Petters Group<br />
while I was finishing up my last year of school.”<br />
As the company continues to expand, more<br />
interns are welcomed each year into the Petters<br />
Group Worldwide community.<br />
“We are always excited when past interns<br />
decide to come back and work for us full-time,”<br />
Hamm said. “The background knowledge and<br />
experience acquired through their internship at<br />
Petters Group is an invaluable resource for us and<br />
our success.” PG For more information on<br />
internships email amy.waara@pettersgroup.com<br />
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:: VALUES innovation<br />
Let Your Fingers<br />
Do the Talking<br />
Changing the Future of Authentication<br />
JENNA GEBEKE<br />
With the tragedy of 9/11 and the rise<br />
in identity theft becoming a problem<br />
within the last few years, security<br />
and personal authentication has become a<br />
focus for many. Password protected accounts, ID<br />
and security access cards, however, are not always<br />
guaranteed security, and can be easily hacked,<br />
forged or stolen. So how do we truly match the<br />
identity of a person? While DNA is one way to<br />
determine a person’s identity – it is through the<br />
use of biometrics, specifically fingerprinting, that<br />
Fidelica is using innovative technology to change<br />
the world of authentication.<br />
Founded in 1999 by S. K. Ganapathi,<br />
Fidelica’s main focus was taking a new blend of<br />
non-silicon materials and processes to make revolutionary<br />
finger print sensors. The company’s<br />
first major milestone came in 2002 when they<br />
became the first company to produce glass based<br />
finger print sensors.<br />
Fidelica’s finger print sensors are based on<br />
pressure sensing – unlike other players in the<br />
field, they take finger prints in a similar way as the<br />
old ink and roll method, where the sensors detect<br />
the different grooves of each fingerprint electronically<br />
for identification. Soon after the development<br />
of the glass sensor, customers began to<br />
implement their sensors into smaller, more<br />
portable devices. Recognizing this applicable<br />
trend, Fidelica decided to expand their options.<br />
In 2004, Fidelica developed a flexible plastic<br />
sensor that is inexpensive and available for practical<br />
wide spread use. It wasn’t until 2006 though,<br />
that the company saw itself expand. They had<br />
finally developed and shipped the first completely<br />
biometric system imbedded on a card. This system<br />
included the complete capability of taking an<br />
image and processing it directly on the card.<br />
42 :: PETTERSGROUP<br />
Bob Allen<br />
“Even though we had developed other fingerprint<br />
sensors before this one, it was through the development<br />
of this unique wireless and completely<br />
automatic system that doors started to open,” said<br />
Bob Allen, Vice President of Marketing and<br />
Business Development.<br />
After the exciting development of the completely<br />
embedded biometric system, Fidelica realized<br />
that they still needed a way to power the<br />
cards with wireless in-card technology. “We realized<br />
with this innovative technology we needed a<br />
partner that would make powering our technology<br />
both continuous and convenient for the user,”<br />
Allen said. This is where their relationship with<br />
Infinite Power Solutions (IPS), another Petters<br />
Group portfolio company, began.<br />
With the need for a small battery to run their<br />
fingerprinting system, and IPS’s ability to produce<br />
the LiTE*STAR battery that is rechargeable and<br />
long-life reliable, an important partnership was<br />
formed. “We are very fortunate to have such a<br />
unique relationship with IPS. Their battery and<br />
continuously improving technology has advanced<br />
A sample of a Fidelica ID<br />
card. The flexibility of the<br />
sensor allows it to have<br />
multiple uses. The ridges<br />
and grooves of a fingerprint<br />
trigger the sensors<br />
our fingerprinting system greatly,” Allen said.<br />
What if the battery dies? One of the most<br />
important features in the IPS battery used for<br />
Fidelica’s finger printing system, is its ability to be<br />
recharged. “This type of battery was absolutely<br />
necessary to power our card, because it allows the<br />
system to remain both lifelong and simple without<br />
taking away from its efficiency,” said Allen.<br />
Fidelica’s pioneering effort in the authentication<br />
industry has infinite possibilities for application.<br />
It not only has the potential to be used for<br />
security access systems, but also may be used for<br />
safety features, anti-theft applications, and to tie<br />
people to their credentials. When asked what<br />
Fidelica does exactly Bob Allen likes to explain<br />
that “essentially we’re a ‘switch company,’ meaning<br />
that our product is like a switch – a very intelligent<br />
switch. If you are who you say you are and want<br />
authorization to whatever it may be the switch<br />
turns on, and if you are not who you say you are it<br />
turns off and use is denied.” This is a very simple<br />
explanation for such easy to use yet complex technology.<br />
“The future of security and authentication<br />
is in biometrics, and our product allows for the<br />
application of these to be limitless,” Allen said.<br />
Some of its many possible uses: As a safety feature,<br />
fingerprint sensors may be used on appliances<br />
that are deemed dangerous, thus insuring<br />
that children would not be able to turn on or use<br />
the product. As an anti-theft application, it may be<br />
available to put on houses or cars, limiting<br />
entrance or ability to access/use a system. As an<br />
authentication system that ties people to their credentials,<br />
the fingerprinting system is available for<br />
use on personal ID’s, driver’s licenses, passports,<br />
credit and entitlement cards. PG<br />
For more information visit fidelica.com or<br />
infinitepowersolutions.com.
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:: VALUES caring<br />
Ihave often humored at the myth that<br />
“cracking your knuckles will cause<br />
arthritis and give you big joints”. My<br />
first week of medical training at Logan College<br />
of Chiropractic in St. Louis was liberating. I<br />
always wanted to know if what my mother said<br />
to my brother at the piano was true. “Don’t do<br />
that, you’ll get big knuckles.”<br />
Mother wasn’t correct – cracking your knuckles<br />
does neither one nor the other. The sound of<br />
stretching tissue (ligaments and muscle), which<br />
has contracted or shortened from injury or repetitive<br />
strain, is a release of fibrous adhesions.<br />
Scar tissue or collagen fibrin holds tight and<br />
strengthens our body as a healing and protection<br />
reaction from trauma and stresses to that tissue.<br />
That’s why a cracking sound or “release” is<br />
heard in bone joints when people stand up, bend<br />
backwards, turn a head or stretch hands.<br />
Chiropractors also stretch such tissue.<br />
Similar sounds are “heard” (felt, more accurately)<br />
when a patient gets adjusted, or in chiropractic<br />
lingo, “aligned”. Releasing or “cracking” your<br />
joints is actually not a bad thing. It frees up joint<br />
fixation that is your body’s natural healing<br />
process from trauma or a degenerative arthritis<br />
reaction to overuse, strain and imbalance of<br />
Body,<br />
Balance and<br />
Symmetry<br />
Setting the record straight –<br />
it’ll crack you up<br />
DR. JAMES MELLIN<br />
body symmetry and alignment from repetitive<br />
strain or sitting with poor posture.<br />
Have you ever sat at the computer with a<br />
phone on your shoulder, hunched over, and<br />
thought that after a while you looked like a question<br />
mark? The answer to the question mark<br />
positioning of your body is that you lean back in<br />
your chair and take a break by looking the other<br />
direction and hear your body let loose. That is<br />
the way we as humans were designed. Practicing<br />
better posture will prevent joint fixation arthritis.<br />
This principle can be applied to every joint<br />
and muscle, ligament, tendon and fascia of your<br />
body to prevent collagen/scar tissue from fusing<br />
joints together. Releasing your joints and tissue<br />
does slow, stop, and return to normal, old<br />
injuries and repetitive strain that our bodies<br />
endure each day through routine movements<br />
and tasks. This is the degenerative joint disease<br />
arthritis that we are all prone to.<br />
This isn’t the individual having a “senior<br />
moment”. Even children and babies can make<br />
cracking sounds in their backs. Releasing can<br />
happen as infants and children are removed<br />
from a car seat or stroller. At any age it’s healthy<br />
to realign your spine and joints to promote balance<br />
even though you may or may not hear it as<br />
the joints relocate and the tissue stretches back<br />
to its normal elasticity.<br />
Something to take home with you:<br />
I was inspired by Tom Petters’ life-size boxing<br />
statue of Mohammed Ali that is at the company’s<br />
headquarters. Here are some knockout tips that<br />
are easy to remember by thinking of TKO.<br />
T- Is the shape you should be in? Stretch<br />
while sitting in your chair or even better, lay on<br />
a bed or the floor, then stretch your arms out like<br />
a “T”. Look up and then left and right. Hold that<br />
position to relieve the strain of bad posture.<br />
Repeat 3-5 times for 5-<strong>10</strong> seconds each time.<br />
K-While still lying down, bring a leg over to<br />
the opposite side and reach over with your arm.<br />
Then do the same to the other side. Do this 3-5<br />
times for <strong>10</strong> seconds.<br />
O-Still lying down, keep you feet together<br />
and lace your hands behind your head and bend<br />
side to side. Bring your feet together and bend<br />
knees as far as you can and spread them apart<br />
and flap <strong>10</strong>+ times.<br />
Enjoy the feeling of stretching, mild pain and<br />
the sounds that follow. It will prevent the onset<br />
of degenerative arthritis and bad posture. PG<br />
Please send your questions or concerns to Dr. James P. Mellin II:<br />
jaemellin@msn.com<br />
FALL 20<strong>07</strong>
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:: GALLERY people and places<br />
Pets Invade Petters Group…Again ::<br />
The second annual Take Your Pet to Work Day commenced June 22nd, at the<br />
Minnetonka office. Attendance was at an all time high as 27 pets participated<br />
in the day’s events, from morning check-in to the Pet Luck Lunch to a visit<br />
with an animal communicator. A photo board was even on hand to post photos<br />
of pets that couldn’t make it. The biggest turnout occurred for the ever<br />
popular Pet <strong>Page</strong>ant. Hosted by our very own Joe Schmit, pets strutted the<br />
floor vying for first place. At Petters Group’s Pet Day, everyone walked away a<br />
winner. [1] Annie Karsh and Charlie, winner of the Pet <strong>Page</strong>ant [2] Michael Hines and<br />
Barley, “Most Photogenic” pet [3] Jason Dehler and Marley, “Most Unique Breed”<br />
[4] Sandy Indahl and Lee Loo, “Most Well Traveled”<br />
2<br />
4<br />
44 :: PETTERSGROUP<br />
3<br />
Polaroid Hospitality Travels the Country ::<br />
In the span of three short months,<br />
Polaroid Hospitality made a complete<br />
circle around the country, exhibiting at<br />
five tradeshows. Included on the roster<br />
were: the Travelodge/Howard<br />
Johnson/Knights Inn Conference in<br />
Orlando, FL; HD Expo in Las Vegas; the<br />
Wingate Inns International Conference<br />
in Puerto Rico; the Ramada Conference<br />
in Palm Desert, CA; and HITEC in<br />
Orlando, FL. Attendance at the shows<br />
was very successful and preparations<br />
for two more shows this year are<br />
already under way.<br />
[1] Steve Hollington walks attendees<br />
through the benefits of Polaroid LCDs. [2]<br />
Team sales meeting before the HITEC show.<br />
1<br />
1<br />
2
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:25 <strong>PM</strong> <strong>Page</strong> 45<br />
THE PETTERS MATRIX<br />
AARON CHANG<br />
INTERNATIONAL, LLC<br />
5600 Avenida Encinas<br />
Suite 130<br />
Carlsbad, CA 92011<br />
www.aaronchang.com<br />
BROADSIGN<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.broadsign.com<br />
BUSINESS IMPACT<br />
MARKETING GROUP<br />
18760 Lake Drive East<br />
Chanhassen, MN 55317<br />
www.impactgroup.us<br />
COLLEGEVILLE<br />
DEVELO<strong>PM</strong>ENT GROUP<br />
<strong>10</strong>15 W. St. Germain St.<br />
Suite 340<br />
St. Cloud, MN 56301<br />
www.collegeville<br />
communities.com<br />
FIDELICA<br />
MICROSYSTEMS, INC.<br />
1<strong>58</strong>5 McCandless Drive<br />
Milpitas, California 95035<br />
www.fidelica.com<br />
FINGERHUT DIRECT<br />
MARKETING<br />
7777 Golden Triangle Dr.<br />
Eden Prairie, MN 55344<br />
www.fingerhut.com<br />
FINGERHUT<br />
FULFILLMENT<br />
6250 Ridgewood Road<br />
St Cloud, MN 56303<br />
www.fingerhut.com<br />
INFINITE POWER<br />
SOLUTIONS<br />
14998 West Sixth Avenue<br />
Building E, Suite 600<br />
Golden, Colorado 80401<br />
www.infinitepower<br />
solutions.com<br />
JOHN T. PETTERS<br />
FOUNDATION<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.johntpetters<br />
foundation.org<br />
JUICE MEDIA GROUP<br />
7860 Mission Center Ct<br />
Suite 201<br />
San Diego, CA 92<strong>10</strong>8<br />
www.juicemedia.com<br />
LIVE BY CAMPUS<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.livebycampus.com<br />
METROPOLITAN<br />
MEDIA GROUP<br />
5001 American Blvd. W<br />
Ste 400<br />
Bloomington, MN 55437<br />
www.metmediagroup.com<br />
PETTERS AVIATION<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.pettersgroup.com<br />
PETTERS CAPITAL<br />
Flagler Center Tower<br />
505 S. Flagler Dr. Ste 700<br />
West Palm Beach, FL 33401<br />
www.pettersgroup.com<br />
PETTERS REAL<br />
ESTATE GROUP<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
Flagler Center Tower<br />
505 S. Flagler Dr. Ste 700<br />
West Palm Beach, FL 33401<br />
www.pettersrealestate.com<br />
PETTERS<br />
CONSUMER BRANDS<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.pettersgroup.com<br />
PETTERS MEDIA AND<br />
MARKETING GROUP<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.pettersgroup.com<br />
PETTERS WAREHOUSE<br />
DIRECT (CORPORATE)<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
PETTERS WAREHOUSE<br />
Mall of America<br />
North Garden Level 3<br />
(N356)<br />
Bloomington, MN 55425<br />
PETTERS WAREHOUSE<br />
Moundsview Square<br />
2537 Hwy <strong>10</strong> West<br />
Moundsview, MN 55112<br />
PETTERS WAREHOUSE<br />
Waite Park / St. Cloud<br />
306 2nd Street Quad<br />
Waite Park, MN 56387<br />
www.petterswarehouse.com<br />
POLAROID<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
1265 Main Street<br />
Waltham, MA 02451<br />
www.polaroid.com<br />
SONIQCAST<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.soniqcast.com<br />
SPRINGWORKS<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
www.pettersgroup.com<br />
SUN COUNTRY<br />
AIRLINES<br />
1300 Mendoata Heights Rd<br />
Mendota Heights,<br />
MN 55120<br />
www.suncountry.com<br />
SYMMORPHIX<br />
1278 Reamwood Avenue<br />
Sunnyvale, CA 94089-2233<br />
www.symmorphix.com<br />
TAM O’SHANTER LODGE<br />
& CONFERENCE CENTER<br />
89405 Jack Pine Trail<br />
Cornucopia, WI 54827<br />
www.tamoshanterlodge.com<br />
TRIO MARKETING<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
UBID<br />
8550 W Bryn Mawr<br />
Ste 200<br />
Chicago, IL 60631<br />
www.ubid.com<br />
WIDEBLUE<br />
Vale of Leven<br />
Industrial Estate<br />
Dumbarton,<br />
Scotland G82 3PW<br />
www.wide-blue.com<br />
YES VIDEO<br />
3281 Scott Blvd.<br />
Santa Clara, CA 95054<br />
www.yesvideo.com<br />
YFLY.COM<br />
4400 Baker Rd.<br />
Minnetonka, MN 55343<br />
Flagler Center Tower<br />
505 S. Flagler Dr. Ste 700<br />
West Palm Beach, FL 33401<br />
www.pettersgroup.com<br />
www.yfly.com<br />
Actively managed Petters<br />
Group investments.<br />
FALL 20<strong>07</strong>
<strong><strong>07</strong>fallPetters</strong>_<strong>master</strong> 9/6/<strong>07</strong> 3:25 <strong>PM</strong> <strong>Page</strong> 46<br />
:: REALITY BYTES Tom Hay<br />
46 :: PETTERSGROUP<br />
WHAT IS YOUR BEST PETTERS<br />
GROUP MEMORY?<br />
Tom Petters and I shaking hands on our<br />
original agreement and how we have honored<br />
it through good and bad.<br />
Tom Hay<br />
Executive Vice President<br />
of Petters Real Estate<br />
WHAT IS YOUR FAVORITE<br />
ELECTRONIC GADGET?<br />
My Blackberry<br />
WHAT WAS THE LATEST<br />
DESTINATION ON YOUR<br />
VACATION LIST?<br />
Grand View Lodge on Gull Lake near Brainerd,<br />
MN to enjoy time with my grandchildren.<br />
WHAT WOULD YOUR WIFE<br />
SAY IS YOUR WORST HABIT?<br />
TV Surfing<br />
WHAT IS YOUR FAVORITE MEAL?<br />
Dry martini, escargot, Caesar salad, veal chop<br />
and baked potato<br />
WHAT IS YOUR DREAM CAR<br />
AND WHY?<br />
’57 Chevrolet Convertible with 225 HP and<br />
bossed carbs because it brings back memories.<br />
HOW DO YOUR FRIENDS<br />
DESCRIBE YOU?<br />
Smart and lucky<br />
IF YOU COULD DO<br />
ANYTHING FOR A JOB,<br />
WHAT WOULD IT BE?<br />
Exactly what I am doing right now!
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