Executive Chairman and Co-founder, Dereck Foster commented that, "We are always proud to say that whether you're an individual, a custom refinisher, a small body shop or a large collision repair centre, Automotive Art can provide you with a reliable, affordable, easy to use paint system that gives you extraordinary colour matching, faster job times and a more lasting finish - and this is no exception in the US"
raved on closing the show.
According to Dereck Foster, Executive Chairman and Co-Founder of Automotive Art, "This year, we sought partners in order to build even more incentive into the competition, bringing our total prizes to over $30,000!
ended by stressing that, "Whether you are a University Student, or an independent Barbadian entrepreneur, this competition will give individuals and/or teams the opportunity to work in turning innovative ideas into real businesses, and win some valuable cash prizes that could be put towards turning their entrepreneurial dreams into reality."
The competition, which was launched on Aug 19th will allow competitors to be judged by some of the top entrepreneurs in Barbados, including Martin Ince, CEO of Foster & Ince, Peter Downes , Managing Director of Profiles International, Joe Ward, Partner BDO, Katrina Sam, Human Resource Management Specialist, as well as Doug Armstrong, CEO of Automotive Art, and Dereck Foster, Automotive Art's Executive Chairman.
Executive Chairman for Automotive Art, Dereck Foster, is extremely optimistic about the new collaboration between the organizations.
"The opportunity to buy-in and collaborate with a company like Multichem is a once in a lifetime opportunity; we are over the moon with the prospects we now have before us, and the synergies we will realize between the two companies in the short term.
went onto say that the new collaboration had already resulted in some new product development, and that this would enhance Automotive Art's footprint in the US.
was also very complementary about the team at Multichem
found them to be very professional in their respective roles, and they have embraced the new partnership with great enthusiasm and a view to building a stronger company in the future.
"I would also like to congratulate Chris Maloney, our Group CFO, Glenn Camacho, our President of US Operations, and our Executive Chairman, Dereck Foster for their tireless efforts in these negotiations, and for their contribution in securing what will turn out to be the cornerstone of our future global organization," Mr. Armstrong closed by saying.
Dereck Foster, Chairman and Co-Founder of Automotive Art, was also thoroughly impressed with the groups progress over the course of the week.
said what amazed him was how kids who never even knew one another prior to this program, and who came from a variety of different schools, could come together in five days and deliver workable solutions to a large organization using the skill sets they were taught.
"These kids have gone on a journey," said Foster
Dereck Foster, Chairman of Art Holdings Inc (parent company for Automotive Art), said he was extremely pleased with how well the new retail format had come together, and praised his collaborators on the project, namely Rotherly Construction who constructed the facility, and Total Project Services who provided consulting services.
"The design concept really showcases how cutting edge design and new state-of-art finishes can come together to deliver a truly unique and differential retail experience," Foster went onto say.
also said he
was proud that the company could make an investment of this nature at a time when the country needed it most, and looked forward to the prospect of rolling out this new format to in both current and new retail operations throughout the Caribbean.
Dereck Foster, Executive Chairman for the group, says the decision to build the new Welches store is significant in many respects.
"First and foremost, as next year is our 20th anniversary, the new store will come to represent a crowning achievement for the company, and symbolize the success we have achieved through the hard work and dedication of all of our team throughout the years.
Additionally, its state-of-the-art design will be representative of our commitment to innovation, and reinforce our positioning as the leading supplier of automotive products and services in Barbados, and beyond."
went onto say that he
was also proud that the company could make an investment of this nature at a time when the country needed it most, and that he
hoped the initiative would inspire other companies to re-look at opportunities in their business, and perhaps dust off any projects they had on hold on account of the recession.
Board felt that with the prices of many building commodities at all time lows, and contractors more flexible and competitive in the tight marketplace, now was the right time to build.
With the global recession starting to show signs of abatement, he
felt confident that if other companies could bring their projects on-line, this would go a long way in kick starting the economy, and assist in ushering in a new period of prosperity in Barbados.