In brief: Local accounting firm lauded

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January 12, 2013

In brief: Local accounting firm lauded

Anonymous The Tribune-Democrat The Tribune-Democrat Sat Jan 12, 2013, 10:23 PM EST

JOHNSTOWN — Barnes, Saly & Co., a Johnstown-based regional firm of certified public accountants, announced that it has successfully received the highest rating in a peer review of its accounting and auditing practice.

The review concluded that the firm complies with the quality control standards set by the American Institute of Certified Public Accountants, the national professional organization of CPAs.

The review was conducted under the auspices of the Pennsylvania Institute of Certified Public Accountants following standards issued by the institute.

Peer reviews are performed by licensed CPAs who are selected from among the members of the institute. The reviews determine whether a public accounting firm has suitable quality control policies and procedures, and whether it is complying with them.

Barnes, Saly & Co. has been serving clients for more than 60 years.

For more information, go to www.barnessaly.com.

Company showcases Vapor Armor

Para-Coat Technologies Inc. of Johnstown showcased its latest innovative technology, Vapor Armor, last week during the 2013 International Consumer Electronics Show in Las Vegas.

The annual event held in early January gives companies a chance to show off the best and biggest products due to be unveiled in 2013.

Para-Coat Technologies supplies engineered coatings to a variety of markets.

The Vapor Armor process allows electronics to be protected from water from the inside out by using a nanotechnology coating.

Such technology could become standard on future smartphones or tablets.

The company is offering this service to manufacturers directly rather than the general public.

Para-Coat has been contacted by large-scale manufacturers and had appointments set up during the show to discuss the application.

The consumer electronics show is known for its international participants and allows many different technology companies to share their innovations and work together.

Information: www.VaporArmor.com.

Somerset Foundries sold

SOMERSET – Somerset Foundries has been sold.

John Toth, owner of Kantner Iron and Steel, purchased the buildings and property for a reported $155,000. He is in the process of determining what can be salvaged and what needs to be scrapped. The foundry, which previously housed a metal casting company, closed at the end of 2011. The foundry had been in operation for more than a century.

Wendy’s closes at Galleria

Wendy’s Galleria mall location has closed.

The Dublin, Ohio-based burger chain vacated its food court location last week, a sign on the shop-front shows.

Wendy’s mall location dated back to 1992 – the year the mall opened.

The restaurant chain continues to have a presence in the area. Locations are in operation at 1251 Scalp Ave. in Richland Township, 842 Hills Plaza in Ebensburg and 1030 N. Center Ave. in Somerset.

Northwest announces dividend

Northwest Bancshares Inc. announced a quarterly cash dividend of 12 cents per share for the first quarter of 2013 and is accelerating its payment into the fourth quarter of 2012.

The cash dividend was payable Dec. 24 to shareholders of record as of Dec. 17.

Headquartered in Warren, Northwest Bancshares Inc. is the holding company of Northwest Savings Bank.

Northwest operates 166 community banking offices in Pennsylvania, New York, Ohio and Maryland and 52 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Co.

Dietary supplier aids food pantry

Sodexo Senior Living, the dietary supplier for the Church of the Brethren Home in Windber, raised more than $400 for the Walnut Grove Food Pantry.

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