I actually learned of another individual who was experiencing the very same issue with his 8350i and turns out that he also was using a 930 with bizessentials prior to making the switch to 8350i.
As this appears to be an exact mirror of the issue and or previous setup I was using, maybe it has something to do with that. I can't grasp why as I did not keep the same sim, but rather activated the one that shipped with the phone. Maybe it is something caused by transferring contacts from 930 sim to the 8350i sim? Who knows, hopefully I am one step closer to resolving.
Thanks