Local business

Erickson Air-Crane shares have tripled since last spring

Erickson Air-Crane shares have continued to strengthen following last week's first-quarter 2013 earnings report. In fact, the company's shares have more than tripled since they first began trading last spring.

The helicopter company, which has added medium-lift operations to its heavy-lift aircraft, posted a loss last quarter of $1.2 million, or 13 cents a share, versus a loss of $5 million a year earlier. On Tuesday, shares traded up 6 cents percent, closing at $26.38.

Erickson, whose primary manufacturing and maintenance facility is outside Central Point, saw revenue rise 34 percent to $36.9 million, including a 40 percent jump in its heavy-lift unit.

The company's losses stemmed primarily from acquisition expenses related to the purchase of Evergreen Helicopters from Evergreen International Aviation Inc., and its proposed purchase of Air Amazonia Servicos Aereos Ltda., in Brazil.

The company anticipates revenue of $325 million to $335 million during 2013.

On The Wall relocates to 301 N. Bartlett in Medford

After 29 years on Main Street in downtown Medford, custom picture-frame shop On The Wall has relocated to 301 N. Bartlett St.

The new location at the corner of Fourth and Bartlett streets most recently housed Sweet Stuff, and Medford Builders Exchange before that.

Jim Curtis and Laurie Wenzel began On The Wall Frameshop 31 years ago, initially located at the south end of Central Avenue.

A year-and-a-half later the two rented the Swem's Building in downtown Medford, where they also operated an exhibition gallery for 10 years.

Two more short moves ensued, one just across the street, and another back to the north side of Main, into the former Brophy's Jewelry store.

The latest move accommodates small projects for individuals, as well as large-scale commercial projects.

The phone number remains 541-773-1012.

ASA softball tourney gets Chamber's Mayor Award

The ASA Valley South College Exposure Softball Tournament received the Mayor's Award at Monday's Chamber of Medford/Jackson County Forum.

The award goes to an organization which has done an exceptional job of promoting and bringing visitors to Medford.

Mike Wells, the state commissioner and chief executive of Oregon ASA Softball, brought the tournament to Medford in 2011, attracting 51 teams. Last year the tournament attracted 70 teams, spreading beyond the confines of U.S. Cellular Park to local high school venues.

The tournament brought in 1,200 players and coaches to the Rogue Valley and produced nearly $200,000 in spending by visitors.

Compiled from staff reports

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