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Show The National Enterprise , December Page two JBs Big Boy Posts Record Earnings SALT LAKE CITY. Utah JB's Big Boy Family Restau- rants, Inc. (OTC 2.375, 2.875) reported that net income, for the year ended Sept. 26, 1976, rose 133 percent to $719,000 42 cents per share compared with $308,000, or 18 cents per share, for fiscal 1975. Revenues for the fiscal year rose 12 percent to $27,477,000 from last years $24,529,000. Net income for the fourth fiscal quarter, which reflected most of fiscal 1976s non-recurri- ng charges, rose to $251,000, or 15 cents per share. This compares with a loss of $29,600, or two cents per share, in the final quarter of fiscal 1975. Revenues for the latest reporting period were $7,247,000, a rise of 16 percent from $6,266,000 last year. Commenting on the re ported results, J.M. Broberg, president and chairman, said, puter capability in Salt Lake City. During fiscal 1976 JBs charges against Big Boy opened six restaurthis years income, the comants, closed four restaurants pany produced the highest and renovated two restauroperating earnings and earn- ants. At fiscal year end, the ings per share in its 15 year company was operating a total of 59 restaurants located in 12 In 1974 JBs rehistory. ported earnings per share of states. Current plans call for 47 cents, which included a the opening of nine restaurcredit of eight cents ants during the fiscal 1977 post-ta- x per share arising from a gain year, bringing to 68 the numon the sale of a motel property ber JB's anticipates it will be in New Mexico. Broberg operating by year end. On Nov. 4, 1976, JBs noted that the company had pre-ta- x charges of approxi- officially opened its first mately $245,000 associated jointly owned Lobster Hut in with the sale of JB's eastern Brockton, Mass. The restaufranchise operations and anti- rant originally one of the cipated restaurant conversion three remaining units out of costs and approximately the five the company prev$40,000 resulting from the iously operated under its eastclosing down of the companys ern Big Boy franchise with the is a Marriott Corporation Phoenix, Ariz. computer facilities and establishment of an pilot unit. com "In spite of some non-recurri- $285,000 in ng ultra-moder- n, 1976 , Hamilton Corp. and HFC Reach Terms for Purchase Accord FARMINGTON HILLS, Under terms of the agreement, each share of Hamilton common will receive $4, each MI-Househ- Finance has said it w ill pay $35 million for Hamilton International Corp. (OTC 2.875, 3.25) and its subsidiary share of 4 percent convertible preferred will receive $20, and each share of series "B convertible preferred will receive $1. Hamilton International also said it will allow its holders of preferred stock to exchange their shares for common shares in order to allow them to vote at a special meeting of shareholders, tentatively set for Feb. 9. Two shareholders, who combined, own 58 percent of outstanding 4 percent convertible preferred, have agreed to exchange their stock for common shares. Alexander Hamilton Life Insurance Co. of America. The merger is subject to approval of the shareholders of Hamilton International and the insurance commissioners of the state of Michigan. Household Finance said its primary interest in the merger is the acquisition of the insurance company. Last year, Hamiltons earnings increased 13 percent to $3.6 million or 46 cents per share from $3.2 million or 41 cents a share the year before. in-hou- se THE NATIONAL Proxy Rules Amended 50 Cents Per Copy Subscriptions $24.00 per year WASHINGTON, D.C. Under a revised version of the Securities and Exchange Commission's proxy rules, shareholder proposals will be limited to a maximum of two proposals of not more than 300 words each The SEC amendments also require proponents of shareholder proposals to submit their proposals to management 90 days prior to an annual meeting. The present dealine is 70 days prior to the meeting. The proxy rule amendments also codify a number of SEC staff interpretations of the rule, including one that permits beneficial owners of securities as well as owners of record, to submit proposals. Ths Notional InterpriM is published weekly by the National Enterprise Publishing Company, Inc, 500 Continental Bonk Bldg., P.0. Box 11778, Pioneer Station, Sah lake City, Utah 84147. (801)533-055- 6 Second Class Postage Paid Publisher Alena E. Bentley Editor MIDLAND, Texas Rising sales resulting from successful exploration and development efforts, plus - improved contract drilling profits, enabled MGF Oil Corporation (OTC 4.375, 4.875) to report sharply higher third quarter profits (14 cents per share vs. 8 cents per share for the second quarter). MGFs comparable 1975 third quarter earnings were 16 cents per share (including 1 cents per share extraordinary item). MGF announced that the board of directors has approved a 5 percent stock dividend to shareholders of record Dec. 3, 1976, payable Dec. 17, 1976. The com- panys initial dividend was declared to allow shareholders to participate more fully in the Ryan B. Poulton Business Manager Mary McMillan Gabor - Doan Alsup Staff Reporters Peter Harrison Operations Manager Richard W. Volk, president and chief executive officer, said the company is making the purchase because it believes the stock is an attractive investment. Energy Reserves Group is an independent oil and gas exploration and production company with interest in coal and uranium. Higher Sales Boost MFG Earnings Sharply oil and- - gas Salt Lake City, Utah R. George Gregersen Energy Reserves Group Authorizes Stock Purchase WICHITA, Kansas Energy Reserves Group, Inc., (OTC 1.625, 1.75) announced that its board of directors has authorized the purchase of up to 500,000 shares of its own common stock on the open market and in private transactions during the period of Nov. 24, 1976 through March 31, 1977. r. Surety Adjusts Earnings M JUST PUBLISHED "INVESTING IN THE GREAT NORTHWEST ... NOW FOR THE FIRST TIME. A DEFINITIVE BOOK THAT ANALYZES EXCITING INVESTMENT OPPORTUNITIES IN THE DYNAMIC, RESOURCE-RICSEVEN STATE REGION OF THE PACIFIC NORTHWEST (INCLUDING ALASKA). H ABOUT THE AUTHORS. INVESTING SALT LAKE CITY Surety Financial Corporation (OTC 4.375, 4.75) has announced a restatement of its previously growth that the management envisions," said R. O. Major chief executive officer. Alreported earnings for the year though no definite dividend 1975 and for the six months policy has been established. ending June 30, 1976. The Major expressed MGFs ineffect of the restatetentions to continue periodic major is ment to move the financial stock andor cash dividends as impact of the settlement of a part of the companys future lawsuit from 1975 to 1976. policy. At the advice of the Earnings for the nine Securities and Commonths period now total mission on the Exchange basis of a June $601,712 (29 cents per share), 1976 accounting release. compared to $908,117 (46 its 1975 earncents per share) for the com- Surety adjusted ings to show a loss of $102,000 parable period in 1975. The or 6 cents a share from the 1975 period included $49,000, reported net loss of $327,000 or 2 cents per share, extraor 18 cents per share. ordinary item. Total revenues For the six month period were $9,858,703 compared to ended June 30, 1976. the $8,949,634, with oil and gas has restated net sales increasing 67 percent to company profit to $938,000 or 58 cents $1,654,905 from $990,955 in per share from $438,000 or 28 1975. cents per share. IN THE GREAT NORTHWEST is a new approach to Investment guidance, bringing together in 320 entertaining and readable pages information indispensible to any businessman interested In this region. Discusses over 200 public companies With over 2 billion shares of stock Over $30 billion annual sales Paying over $1 billion annual dividends and interest SHANNON P. PRATT I Edlor ot Northern el kiueetmant Review am iiuieiwiM ancs uubbb, oynacua cotumniot on Northwest Investing end a recognised expert on corporals val uation. Ha holds a doctorate ki from Indiana Unfveratty, la a Chartered FlnancM Analyst and a Cert Wild Financial Plannsr, and lor- Analyse Center at Portland Stall U. "A mow mutual booh effort with Important material tor m A ISIIIMMlIe onnhloilflXA . soar, Ths OREGONIAN. I mm AA The authors see atony loaaona why the Northwest should contlnuo to be a sound and growtng region tor Investment tunde. There's no reason to disagree." Dan CoughNn, Seattle. $9.95 Hard Cover $6.95 Soft Cover ORDER TODAY AVAILABLE AT MOST BOOK STORES OR ORDER FROM: Willamette Management Associates, Inc. 220 S. W. Alder Street Portland, OR 97204 Please sand me copies of INVESTING I IN THE GREAT NORTHWEST:" In herd cover $9 J5 plus 50c 16.95 plus 50c mailing each. LAWRENCE R. ROSS la a naMonalty known security analyst and flnancW writer end eras Director ot Research lor a number ot years He la a member at the Denver Society at Security Analysts and has had 10 years aapart-enc- s In the Investment busInesa. Rosa la author ot the book. "Siveatlng In Low-Ris- k Growth Campania s-- in soft cover mailing each. Name Address Stats City i I I I zip IF NOT SATISFCD. 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