Nevins, a well-known public relations veteran and former chairman of Maryland Public Television, was most recently president of his Baltimore firm, Nevins & Associates.
He said his task as president will be to expand the reach and reputation of HTS, which is to be renamed Comcast SportsNet to complement the cable company's existing sports network in Philadelphia.
"It will truly be challenging and, undoubtedly, rewarding," he said. He will report to Jack Williams, president of the newly formed Comcast Regional Sports Television.
Bethesda-based HTS-Comcast SportsNet is in nearly 5 million households in the District, Maryland, Virginia, Pennsylvania, Delaware, West Virginia and North Carolina.
Maryland's unemployment rate rose to 4 percent in January, from 3.3 percent the previous month, according to the state's Department of Labor, Licensing and Regulation. The department said seasonal layoffs were responsible for the increase as employers let go of staff after the holidays, and colder weather slowed construction. "We remain optimistic about the strength of the state's economy because we have realized record high employment numbers over the past year," John P. O'Connor, the department's secretary, said Friday.
U.S. Foodservice of Columbia said Friday that it would buy Mutual Wholesale, a food-service distributor based in Lakefield, Fla. The purchase price was not disclosed. Mutual Wholesale has annual sales of about $300 million and services more than 4,200 accounts, primarily restaurants, schools, universities and health-care institutions. U.S. Foodservice, which is owned by the Dutch supermarket group Royal Ahold NV, is the nation's second-largest food distributor, with annual sales of about $12 billion.
Aether Systems of Owings Mills, Md., filed a registration statement with the Securities and Exchange Commission to sell 2,944,960 shares of its common stock on behalf of insiders and other early investors of the company. The sellers include the Mayfield group of venture funds, Columbia Capital and FBR Technology Venture Partners. Aether Systems provides wireless and mobile data products, software and services.
Martek Biosciences of Columbia said Friday it raised $20 million in financing from a group of investors that includes current company shareholders. The publicly traded company, which develops products from microalgae, sold 1,279,237 shares of common stock at $15.88 a share, which was the closing price Feb. 27. As part of the deal, the company issued warrants with a five-year term to buy 319,811 shares at $19.05 a share. Proceeds from the deal will be used to to develop and market the company's products, which include nutritional oils for infant formula and fluorescent markers used to discover new drugs.
Condor Technology Solutions, a troubled Annapolis e-commerce consultancy, appointed Jimmie L. Huitt Jr. president and chief executive. Huitt, a principal of the McShane Group in Baltimore, is considered a turnaround expert. Kennard F. Hill, who founded the company, resigned as chairman and chief executive.
General Physics, a Columbia provider of engineering and environmental services, won an environmental services contract with the General Services Administration. The five-year contract has an option for an additional 15 years. The contract is to pay General Physics about $2 million a year to provide services such as environmental occupational training, waste management services and advisory services to government agencies, a company spokesman said.
Friedman, Billings, Ramsey Group of Arlington opened a Dallas office and recruited two senior investment bankers as part of the expansion of its energy practice, which has 22 people performing banking, research and institutional brokerage services. Michael W. Mitchell and J.W. Brown, both of EnCap Energy Advisors, joined the company effective Thursday. Mitchell is managing director of energy investment banking and Brown is senior vice president.
FastComm Communications completed an $850,000 round of private equity financing led by Zanett Group, a New York-based incubator. The cash will help FastComm fund its current operations and expand into new initiatives. According to the terms of the original agreement between Zanett and FastComm, announced in September, Zanett has the right to increase its investment by $3.5 million. Zanett has been granted warrants that allow it to buy stock at a premium to FastComm's current market price of 54 cents a share. Last month, Fastcomm secured a $3 million line of credit with Alliance Financial Capital. FastComm makes hardware for networks.
Compiled from reports by the Associated Press, Bloomberg News, Dow Jones News Service and Washington Post staff writers
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