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High-tech firm hits hangup. Synesis7 in Butte

March 23, 2006 /

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Failure to win $2.6 million contract means four layoffs, but Synesis7 http://synesis7.com/ owner remains optimistic

A high-tech firm has withdrawn a loan request from the Butte Local Development Corp. and has cut jobs after failing to secure a federal contract.

Synesis7, 220 N. Alaska St., won BLDC board approval for a $287,500 loan in January, but withdrew its request after an expected $2.6 million contract fell through, owner Allen Ellmaker said.

The company also laid off four of its 23 workers.

By Erin Nicholes

Full Story: http://www.mtstandard.com/articles/2006/03/23/newsbutte_top/newsbutte_top.txt

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