February 3, 2012 •
www.myvalleynews.com • The Valley News
15 Business Temecula Valley chapter of Assistance League receives award
LAKE ELSINORE – The Lake Elsinore Valley Chamber of Com- merce announced Assistance League of Temecula Valley as the 2011 Non-Profit Organization during its 63rd Annual Installation Dinner and Awards Ceremony Mardi Gras Ball. Community ambassadors/past presidents of Assistance League Temecula Chapter, Leticia Plum- mer and Electra Demos, were in attendance to accept the award and Certificates of Recognition from
Senator Joel Anderson, 36th State Senate District, Bill Emmerson, Senator 37th District and Kevin Jeffries, 66th Assembly District at the Diamond Club in Lake El- sinore. The chamber recognized the non-profit for its service to the Lake Elsinore community. Since 1989, Assistance League
has been clothing the children of the Lake Elsinore Unified School District referred to them by district health clerks. Last year, the chapter
also donated $40,000 of inventory to H.O.P.E. in Lake Elsinore. Assistance League is a 501(c)3 non-profit serving at-risk families and children through its philan- thropic programs. The main source of revenue is their thrift shop which is located at 28720 Via Montezuma, Temecula. For more information about the
organization, memberships, and the thrift shop hours, call (951) 694- 8018 or visit www.temeculavalley.
assistanceleague.org.
Unmanageable mortgages continue to cloud family finances and real estate recovery
L-R Kim Joseph Cousins, President/CEO Lake Elsinore Valley Chamber of Commerce, Electra Demos, Leticia Plummer, Natasha Johnson, Chairwoman of the Lake Elsinore Chamber of Commerce Board of Directors.
Courtesy photo LAKE ELSINORE – “The
Pharmaceutical manufacturer
cal manufacturing giant Abbott Laboratories laid off 300 workers at a Temecula plant where vascular implants are made on Jan. 25. “We expect an additional several hundred layoffs at the facility over the course of the year,” Abbott Labs spokeswoman Adelle Infante told City News Service. She said the pink slips were
issued in response to anticipated declines in orders for the Promus cardiovascular stent, which Abbott makes in partnership with Boston Scientific. According to Infante, Boston’s
next-generation stent, Xienc, is expected to reduce demand for Promus, components of which are manufactured at Abbott’s Temecula unit, which employs around 3,000 people.
Nationally, the company is slash-
ing a total 700 jobs due to restruc- turing, Infante said. In its fourth-quarter earnings
report, the Illinois-based medical products firm highlighted per share earnings growth of 12 percent, with worldwide sales up 4 percent. Infante said Abbott’s workforce
reduction has nothing to do with the company’s split, which is expected to be completed by year’s end. According to Infante, all laid- off workers will receive severance
announces 300 layoffs TEMECULA – Pharmaceuti-
stress of an unmanageable mortgage can cloud everything,” said Jim Holbrook, Certified Distressed Property Expert with Performance Realty Group. “With nearly one-fourth of all homeowners owing more on their mortgage than their home is worth, the nation’s overall stress level is in the stratosphere.” Connected to a network of
packages and receive first consider- ation when and if positions open up in other segments of the company in which the downsized employees are qualified to work. “I’m very disappointed to hear
that Abbott’s shrinking its work- force…and 300 families will be in economic jeopardy because their loved ones have lost their jobs,” said Riverside County Supervisor Jeff Stone, whose district encom- passes Temecula. “Hopefully, these workers can
find jobs that are commensurate with their skills,” he told CNS. “The county’s doors are open for them and anybody else who needs help finding work.” Stone said the county’s four
Workforce Development Centers provide a plethora of resources for job-seekers, including matching prospects with recruiters and of- fering re-training services. The supervisor said the county’s “nagging” 12.5 percent unemploy- ment rate won’t improve much, and jobs will continue to leave the county and state, until regulatory burdens are lifted and taxes are reduced.
“Hopefully, we’ll see some dramatic changes with keeping jobs and attracting businesses here after the November elections,” the supervisor said.
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professionals committed to solving the nation’s foreclosure crisis one homeowner at a time, Jim’s message to financially strapped homeowners is “more help is available than ever before.” Since 2007, 7.9 million homes in the United States have been lost
to foreclosure, and his mission is to stem the tide of foreclosures within the Inland Empire. As a Certified Distressed Property Expert (CDPE), Holbrook is knowledgeable of the entire landscape of foreclosure avoidance options and is distinctly qualified to negotiate with banks and help financially strapped homeowners to regain peace of mind and a sense of stability for the future. Jim would like to share a
free report entitled, “Are You Living under the Cloud of an Unmanageable Mortgage?” accessible from his website at
www.bestoption4you.com. The report provides an
overview of qualification criteria for the most common foreclosure alternatives, cites red flags for scams, and reminds homeowners why avoiding foreclosure needs to be a top priority. Upheaval on Wall Street has
gotten a lot of attention, but until recently, homeowners have been left to their own devices. Holbrook is on a mission to change that. For more information, visit
www.jimholbrookteam.com. For more information about
the CDPE Designation, visit
www.CDPE.com. Performance Realty Group is
located at 351 Railroad Canyon Road, Suite E in Lake Elsinore.
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