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Show t t I ) ' I The National Enterprise , September 8, 1976 ' Page nine $ Million Fire King s Table Ripley, Settles Claim CROMWELL, Conn., The Ripley Company, Inc. (OTC 5.00, 6.00) has reached an agreement on an insurance settlement of $1,058,000 for damages caused by a fire 13 months ago, the company reported on its annual report. The fire which swept through Ripleys Middletown, Conn, manufacturing and facilities, destroyed virtually all of the equipment and inventory of the companys main product line, the Sunswitch street light control. Ups ance claim, which quired by the companys independent accountants in deresults. termining year-enThe company's annual meeting, normally held in June, has also been delayed, and is now scheduled for September 15 of this year. The annual report shows current liquid assets of $1.8 d million exceeding current liabilities of $271,000 by a solid 6.7:1 ratio. The Ripley Company also reported its fiscal results for the year ended February 29, On total revenues of $1,230,992, the company reported a loss of $102,795 or 18 1976. Report Delayed cents a share. The companys annual report for the year ended Feb. 29, 1976 was delayed pending final settlement of the insur- - IN SALT LAKE CITY Ripley Company is engaged in the manufacture of a wide range of products for the utility industry. Dividend Ore. Interna EUGENE, tional Kings Table, Inc., (OTC 9.25, 9.625) has declared a $.05 per share dividend to all shareholders of record as of October 15, 1976, payable on November 15, 1976. This will be an 11 percent increase from the dividend declared last March of $.045 per share said Wilbur W. Houmes, President of the company. International Kings Table ended its fiscal year July 3, 1976 with revenues of $12,613,869, up 14 percent from last year and profits of $503,464, up 66 percent from last year. Currently, five restaurants are under construction and expectations are for another record year. . . s;, . Full; sized to compacts at a price youll Kenai Co. To Purchase Atcor, Incs Equity Stock SeeuswhenyoMreintovn. Mercuries;Fords,lChevrolets :i'(8()l!52ll2590 ' NEW YORK, N.Y. Kenai Drilling Limited (OTC 2.875, 3.25) announced the signing last week of an agreement to Kenai, a domestic oil and gas drilling company, ates 19 drilling rigs in oper- South- - ' yr tftVV i ern Alaska, Central California, the Rocky Mountain States and West Texas. w I", ) - 4- .- 5., . .y.j. purchase approximately 75 percent of the outstanding equity of privately owned Atcor, Inc. from Univenture, Inc., New York City, a subsidiary of the United Corporation. Purchase of the stock interest is slated to be consummated at a closing scheduled for the second week in September, Kenai said. A 10 year old company, Atcor engineers and constructs special systems used in the handling and disposal of low level radioactive waste. The company also owns and provides licensed containers used in the transportation of low level radioactive waste meterials and performs a range of related services for utilities and other users of radioactive materials throughout the United States, including decontamination of facilities where radioactive materials have been used. Atcor s present management will remain unchanged and the company will continue to be administered by its president, Carl Fink, Kenai TRUCK LINE Does the difficult daily! Truck Line specializes in the transportation of specific commodities, including steel, machinery, construction and mining equipment, forest F-- B products. products, agricultural machinery and a variety is weve become our and loads business Hauling heavy odd shaped experts at it. The fact that weve now grown to where we rank in the top 10 percent of the over 500 Class 1 Specialty Commodity carriers in the United States is indicative of our success. of-othe- r Wed like you to become better acquainted with and invite you to send for our annual report. Write or call: Mr. Norton F-- B Parker Truck Line 1945 South Redwood Road Salt Lake City, Utah 84104 F--B said. Joel Friedman, Kenais chairman of the executive committee, stated that Atcor adds favorably to Kenais growth prospects by placing it in a specialized and sophisti- cated sector of the energy services field. Atcor, he said, had net income of $220,000 on sales of $2,253,000 for the recent nine months ended June 30, 1976. In prior years, Atcor s results have We do the difficult daily! ' |