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Show The National Enterprise , October 13, 1976 Page nine Shipment Delays Result in Lower Apogee Earnings MINNEAPOLIS Apogee Enterprises, Inc. (OTC 4.625, 5.125) reported increased sales for the fiscal second quarter and first half ended Aug. 28, Russell H. Baum- - c chairman gardner. of the board and president sales were a record $9,643,000, an increase of 19 percent over Second-quarte- r TDnfis wsis mice a tbmcMoad News Briefs sales of $8,098,000 reported for the comparable period last year. Net earnings for the quarter totaled $296,000, or 27 cents per share, compared with $415,000, or 38 cents a share, earned in the second quarter a year ago. For the first six months, sales were up 20 percent to $18,053,000, against $15,009,000 reported in the first half last year. Net 44 were or $479,000, earnings cents per share, compared with $705,000, or 65 cents per share, in the comparable period a year ago. ff ffltairlbfflffljffl. The relatively poor earnings of the first half were expected because of delays encountered in completing shipments from our Metal Fabrication Division," said Baumgardner. The delays, he said, were caused by the financial problems of some governmental agency customers. Also, increased testing requirements delayed the processing of other substantial contracts. "The sales and earnings of the Glass Fabrication Division and the Branch Operations Division during the period exceeded our projec- Disposal System has been reducing garbage volume by 90, converting it to a valuable energy resource, and doing it more efficiently than any other system on the market today. tions, which called for substantial increases over last year," he added. There will Apogee Enterprises operates through three divisions in several segments of the glass and metal window industries, never be a shortage of garbage, only a shortage of space to put it. As this problem becomes increasingly acute, Clear Air, Inc. will continue to pioneer the most efficient systems of solid waste disposal and materials recoueryrecycling-wi- th energy generation in the bargain. EPA standards? We exceed them all. Clear Air, Inc. ...meeting the needs of the future. including auto-glas- s replacement centers, construction glazing, manufacture of custom metal window and systems for nonresi-dentibuildings, and fabrication of a wide variety of specialized glass products for cur-tainw- V 37 CmS Av. ale, N.Y. 1421C a W r.O. Boa 111 Ogdon. Utah 4402 a P.O. Boa W Bartlett, IIL j H MISS M Kampgrounds of America Inc. (OTC 6.375, 6.875) has authorized a plan for the company to repurchase 62,500 shares of its common stock at a maximum price of $8.50 per share. The shares will be available upon, exercise, of employee stock The options and for other corporate purposes. out1.1 million has shares company presently standing. Furr's Cafeterias Inc . I OTC 8.875, 9.25 plans to open 9 to 12 new restaurant units in 1977 at an average cost of $400. 000 each. The company opened 9 restaurants in 1975. Furr's operates about 66 Applied Devices Corp. (OTC 1.375, 1.875) has received a $737,742 contract from Air Force Systems Command Electronic Systems Division, Hanscom Air Force Base, Mass, with production options totaling $4,771,064. Under the contract, Applied Devices will design, fabricate and test radar beacon transponders, designated The ground-baseunits will have pre-producti- d dual-ban- d on AN-TPN-2- 8. world-wid- e navigation use. Osmonics, Inc . OTC 7.75. 8.75 has filed with the SEC a registration statement for the sale by the company and selling shareholders of 45,000 common shares. Employees of the Toro Co. (OTC 13.00, 13.75) plant in Minneapolis have ratified a new three year labor contract extending through Sept. 30, 1979. In addition to increases in wages and wage differentials, the agreement provides for improved life insurance and medical insurance programs. Florafax International Inc . OTC 1.50, 2.00 has filed with the SEC $2.5 million 11 percent convertible subordinated debentures. The five-yea- r debentures are convertible at any time into common stock of Florafax at $3.33 per shares. Proceeds will be used to reduce short-ternotes and to provide additional working capital. m all al dir, Dae. & cafeteria and pie shops in the southwest. Poor Earnings Expected For 15 years, the Clear Air Solid Waste Oil OTC 8.625, 9. 125 and Texas American Oil Corp. have ended previously announced discussions for Texas American to acquire Manning. John D. Cranor. Manning president . said the two couldn't get together on terms. " Manning Gas the construction, appliance, auto and other markets. third tier subsidiary of General Resources Corp. (OTC 1.00, 1 .50), called Pilgrim Life Insurance Co. of Minneapolis, has signed an agreement to sell its credit life and credit accident and health business within the state of Indiana to Acceleration Life Insurance Co. for an aggregate price of about $1.5 A million. HealthGarde MEDICAL COMPUTER SYSTEMS AND RURAL HEALTH SERVICES TM 30 WEST FIFTH SOUTH SALT LAKE CITY 14101 (SOI) ) 1 The computer has a greater potential in patient care than any other invention , including the stethoscope and the X-r-ay machine. Under the agreement. Pilgrim will receive cash and notes of $300,000 on or before Nov. 1 and payments totaling $1.2 million over the next two years. Pilgrim plans to use the funds generated by the sales to expand its credit life, credit accident and health and ordinary life business in other states. May Petroleum OTC 5.75. 6.25 has completed the Kissinger No. 1 development well on the West The Scott prospect in Caddo County. Okla. 1 is the sixth well to he No. completed as a Kissinger on this prospect. producer The well flowed at a rate of 486 barrels of oil and 243 MCF of gas a day through a 2464 inch choke at intervals of 9. 754 feet to 9. 776 feet in the 24-ho- ur Marchand formation. Ken Hanson American Medical News Mr. Management Assistance Inc. (OTC 1 .50, .625) said the proposed amendment to its articles of incorporation to be voted upon at the special shareholders meeting Oct. 27 has been revised not only to effect a for-4 reverse split of the common stock as originally proposed but also to include a provision effecting a reduction in the voting rights of the Series C preferred stock from one vote per share to one quarter vote per share. The action was taken to maintain the existing vote relationship between the common stock and Scries C preferred stock. 1 1 HEALTHGARDE CORPORATION Medical Computers for the Modern Hospital OUR NASDAQ SYMBOL IS HGRD -- |