Orbits Receives $400K Order, AllState Eyes Expansion, and Gemini Fund Services Launches Online Center

Orbit International Receives Follow-On Order of $400,000 of common Transponder Program 

Hauppauge-based, an electronics manufacturer and software solution provider, announced its Electronics Group received a $400,000 order from the U.S. Navy.

 This follow-up order is for Remote Control Units to support the Common Transponder Program requirements of the U.S Navy and Army, an option on an earlier contract.

“This follow-on order comes on the heels of a very good year for bookings by our Orbit Instrument Division which exceeded $11 million. Based on current delivery schedules, we expect increased revenue and profitability from this operation unit for 2011,” said Mitchel Binder, acting CEO of Orbit Interatational, in a press statement.

AllState Insurances Hopes To Expand By 100 Agencies in 2011

Allstate Insruance Company, whose New York headquarters are based in Hauppauge, has announced its looking to add at least 100 agency owners by the end of 2011.

 The insurance company has been growing aggressively in recent years, adding 70 agents in New York during 2010 and 70 in 2009.

“We see a significant opportunity in the current economy to attract entrepreneurs and mid-career, mid-level managers who are looking to own and operate their own business  and represent Allstate in New York,” said Linda Collora, New York’s regional sales leader, in a news release.

Allstate is offering a $5,000 referral award to anyone who refers a candidate to their recruiters who is accepted and appointed an Allstate agent in 2011. To be considered, an individual must have at least $50,000 in liquid assets to invest in their own agency.

Gemini Fund Services Launches Online Due Diligence Center

Hauppauge-based Gemini Fund Services, who provided comprehensive pooled investment solutions, announced Tuesday the launch of its online Due Diligence Center.

The new Due Diligence Center is designed to serve as a comprehensive online resource for Gemini’s prospective clients, who might be looking for more information on launching their own investments

Prospective clients interested in using the online center will had to contact Gemini to receive an ID and password to log in. Once logged in, the client will have access to videos, downloadable documents related to their specific inquiry.

The company also expects the center to serve as a way to propose further use of their services.