i MINORITY BUSINESS REPORT L Black web developer launches three new divisions^ SAN FRANCISCO ? (BUSINESS WIRE) ? On Nov. 24, NetNoir Inc. announced the creation of three new business divisions: a redesigned web site, an AOL channel (http://www.net noir.com or AOL Keyword: NetNoir), and an expanded online shopping mall. With this announcement, NetNoir takes the proliferation of black culture in interactive media to new heights, with a potential reach of 10 million AOL sub scribers and millions more on the web. Based in San Francisco, NetNoir Inc. is the leading new media company promoting, devel oping. archiving and distributing distinctive black programming and commercial applications for all forms of interactive media. The name alone delineates what this innovative new media company is about. 'Net,' short for Network, and 'Noir.' the French word for black, combine to form NetNoir, the Black Network. A majority African-American owned firm, NetNoir specializes in disseminating information about and promoting an under standing of black culture while appealing to a broad-based mar ket. "NetNoir is a leading new media company focusing on black culture," explains E. David Ellington, president and chief executive officer of NetNoir. "We're very excited about bringing over 250,000 unique visitors per month to our redesigned web site and AOL. as well as our product offerings for the holiday season." New Corporate Structure ? A Broadened Scope With a new business model, NetNoir is broadening its scope and widening its reach. Since its inception in 1995, NetNoir Inc. has expanded its business model to include three business divisions NetNoir Multimedia Services. NetNoir Online, and NetNoir Market Research. NetNoir Multimedia Services (NMS) ? provides consultative and production services to indi viduals. companies and organiza Aa&ns. NMS consults in the areas of digital formatting; database development and management, including back-up, storage and security systems; Web page design, development, and distribution methods, as well as appropriate formats and platforms use. NMS also acts as a "digital, black content studio" by prov iding "private label" or "company branded" black programming and/or content for corporate web sites, e.g. Christmas/Kwanzaa, Martin Luther King Jr Birthday, Black History Month, etc. NetNoir Online (NNO) focuses on programming and dis tribution as its primary services, serving as "the soul of cyber space," bringing black interactive culture and entertainment to the web. Initial distribution of con tent/information is via consumer online services beginning with America Online (AOL) and the Internet. NNO, in different forms, is also distributed on other new media platforms, such as web sites, general ISPs and ISPs delivered through television, e.g. NetChannel. NetNoir Market Research (NMR) ? provides research serv ices and data mining to companies and organizations interested in reaching and understanding the affluent African-American online market. Due to1 the success of NNO, the market research divi sion is uniquely positioned to leverage NNO's traffic/audience data for testing, polls and surveys. Web site Redesign ? A New Look and More Information Calling itself "The Soul of Cyberspace ? Your Home for Black Interactive Culture & I Entertainment," NetNoir Inc. was founded in 1995 with a mission to bring global black programming to the Internet through its first ser vice, NetNoir Online (NNO). "We have been building a com munity on the web for almost three years," said Malcoin Casselle, senior vice president and chief technology officer of NetNoir. "The service on AOL launched with four departments: Music. Sports, Education and Business. However, in our quest to be the No. I black interactive online community in the world, we have added new departments and divided our service into those areas our community feels are important and relevant." The new departments are: People & Culture (PEEPS) A place for people to meet through chat rooms (Chat House), message boards (Black Boards), Club NetNoir (member photos). News & Information (NEWS) Daily national and internation al black oriented news feed, daily polls/surveys, resources, interna tional. national, regional events calendar (Around Town). Entertainment (FUN) ? Black culture and entertainers drive the industry. Here we have celebrity interviews, multi-player games (AC Butler/Roots. Knowledge & Culture), relation ships (Ask Heartbeat!). Business & Politics (BIZ) Networking opportunities, job searching (JOBS), marketing black businesses/products (NetNoir's Black Pages), business chats and tips, political issues from the Left and Right (Talk Politics). Shopping (SHOP) The abil ity to patronize black businesses and get discounts on mainstream items. Desktop holiday shopping ? real presence, real benefits NetNoir sells an array of i goods through its online service on AOL. providing customers and businesses with real presence and real benefits. Users can buy products such as African-American clip art, Kwanzaa gifts, designer ergonom ic keyboards, gift baskets. Uncle Darrow's sweet treats, and special screen savers. Customers don't have to leave their homes to do their shopping and businesses will have access to over 250.000 NetNoir Online visitors per month. In addition. NetNoir's Black Pages allow black-owned busi nesses, professionals and product manufacturers to showcase their products on the web. The "stores" never close; there's no pushing; and there are no lines. Products | and services are available 24 hours * a day, seven days a week. NetNoir 3 Online brings your business mes- " sage to millions of affluent, highly 2 educated African-American men * and women who are ready-40 be < your customers. ! "We have boutique crossover," 3 as Ellington describes it. "NetNoir J Online's shopping area serves as a * digital mall. It's the ultimate shop? ? ping experience in cyberspace for ? those interested in buying prod- ^ ucts through a black company." 1 From Downsize Victim to Out-source Contractor Let's Get Down to Business lv?lyn McMahon When companies downsize, or go through a process of re-engineering, they usually have one purpose in mind, and that is to reduce operating costs. To accomplish this in logical and sensible ways, two things are usually done. First, owners will identify the most expensive areas of the business, and second, they will identify production depart ments where the actual work can be done just as well outside the company as it can be done inside. Most businesses, both large and small, have anywhere from 50 percent to 70 percent of their expenses tied up in wages, salaries and employee benefits; and when net profits are being crushed under the weight of operating costs, own ers, managers, and executives are compelled to find ways to make the business more profitable. Downsizing became the surest way to do it, but it meant eliminating full-time employees from all areas of the business, and shutting down certain departments and produc tion areas. When I argue this issue with my colleagues. I tell them the affects of downsizing and re-engineering have created a multitude of oppor tunities for the creation of new . 1 businesses. The very first group of employees to be downsized or eliminated are typically those with the most seniority and experience. Many of those employees will have extensive expertise in their field, and might even have access to high-level decision makers. In my opinion, they are in the ideal posi tion to start their own business, specifically for the purpose of becoming an out-source contrac tor for their former employer, by offering to do the work that was previously done in-house. My colleagues tell me downsiz ing became such a demoralizing and humiliating experience that most people affected by it wanted to be as far away from it as possi ble once it was over. It is true that corporate executives tried to change the image of downsizing by giving it a new name. For a while it was referred to as re-engineering, but employees knew it was still downsizing with the same purpose and results. My point is this, out-source contracting is a very attractive arrangement Downsized business es get the opportunity to increase profits by eliminating operating costs, and downsized employees can use skills and knowledge gained from their professions to start their own businesses. Of course not all downsized employ ees want to start businesses. For those who do, the opportunities are golden. And they are not limit ed to their former employers. Companies throughout the United States are out-sourcing all kinds of jobs, ranging from manufacturing to finance to high tech. Every busi- t ness owner or entrepreneur should seek contracts from other busi nesses. regardless of whether you are a new or existing business, or a downsized employee. If you decide to become an out-source contractor, be prepared to compete. The No. I business cule of who can do the best job for the best price, still applies. Out source contractors will have to bid on the jobs they want, and that can be a little tricky for new businesses. Placing a bid that is too high may turn away potential clients, and I ? bidding too low may get the job. but you could lose money on the deal. It will take a few tries to learn how to bid appropriately. Get help from a professional person you trust. Call the Micro-En terprise Loan Program at 722-V600 for more information on outsourcing. We offer .small business loans, business education courses, and small busi ness support groups. Benefit program raises money for area AIDS patients The VYM Entertainment Group, along with the HIV/AIDS Consortium has announced the first annual "Help Us Help" Aids Benefit program. The event is scheduled for Saturday, Dec. 13, at the Reynolds Auditorium. The program begins at 7:30 p.m. The benefit is designed to assist in raising money to be used for the medical needs of HIV/AIDS patients in the immediate area. Due to the closing of the AIDS Task Force in Winston-Salem, some of the many patients who were receiving funds for their med ical needs will no longer be able to receive financial assistance for thefr prescriptions or other med ical needs. I Nancy Young, of the Sara Lee Corporation, and Nigel Alston, of the Integon Corporation, will be mistress and master of cere monies. A donation of $9 and a can of food are requested. S10 without a can of food. The goal is to provide food and funds for the AIDS Consortium to distribute locally. N.C. employment better than most WASHINGTON (Reuters) ? The number of Americans lining up to file for unemployment bene fits for the first time plunged by 31,000 last week to the lowest level in nearly a month, the government said. Initial claims fell to 303,000 in the week ended Nov.22. the Labor Department said. That was down from a revised 334,000 the prior week. That was the lowest level for new state jobless claims since the week ended Oct. 25, when claims totaled 299.000. Wall Street economists had forecast new claims of 320.000 for the latest week. In the previous week claims had risen to 333,000, but analysts said that figure could have been skewed because the week included the Veterans Day holiday. The four-week moving average of new jobless claims, seen as a more accurate gauge since it snooths out weekly fluctuations. TOse to 316.500 from a revised 3|5,500 the week before. Labor sind The four-week moving average was at its highest since the week ended Sept. 1.1, when it stood at 317,000, the department said.. The number of workers con tinuing to file for benefits fell 31.000 to 2,189.000 in the week ended Nov. 15, the latest week for which data were available, from a revised 2,220.000 in the prior week. The department said five states and Puerto Rico reported decreas es in claims exceeding 1.000 on an unadjusted basis in the week ended Nov. 15, the latest period that data are available. Mutual Credit Union Wheic vour Dollars Make More Cents "Your Community Credit Union" ? Savings Accounts ? Direct Deposit ? Christmas Club ? Personal Loans ? New and Used Cars ? 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