OCR Text |
Show The National Enterprise , July 28, 1976 What S III A Name? Everyone these days is searching for new identity corporations large and small among them. No longer is a solid company content with a brand name like Liggett & Myers Inc. No. a signature like Liggett Group is more Besides its activities in the petroleum industry, it has also acquired interest in coal and uranium properties. So naturally, the word "Energy must be used. And "Reserves has a nice safe ring to it - like when everyone elses lights have gone out appealing. The curious fad of corporReserves still has ate name changing hasn't something up its sleeve. The word "Group abated at all during the Bis icentennial year. Consultants becoming increasing popular ahead of these days. "Not just one say changes are 45 a last year, but still far behind struggling boss, no sir: the rash in 1972. Business group suggests unbeatable reexserve forces. Cold-eyeeditor of the Pittsburg. Jack Markowitz, perts who punch their calculawent so far as saying the tors far into the night," United States of America Markowitz proclaimed. When you're talking to might end up with something like USAmcr, if we dared hire Richard Volk, you're not talka consultant. ing to the president of Clinton More pizzazz, more Oil Company anymore And talking to the president glamor, more sizzle. of the names we've Energy! Reserves! Group! judging by seen lately, the least identifi- That's high powered ammo. cation with any one product, Mineral to Real Estate all the industry or region A better. single product can Who would have guessed easily obsolesce, an industry blacken with one rotten apple, that a little company like or business in a single region Kings River Mineral Commight turn sour. The more pany, trading at .002, .004, ambiguous the name, the until a 100-- 1 reverse stock more its apt to please. split boosted the price to Fortunately, it looks as something like .20, .35, would though the day of company plunge into a real estate initials have long passed. And venture? Well, thats half the the familiar suffix of co is reason for changing the name, William to not as prevalent. (Amoco, according Texaco, Conoco, etc.) Were Campbell, company president. into an age of more imagina"Can you imagine the tion. Stump the public, let reaction of people when you em guess. tell them Kings River Mineral Growth and Diversity Company would like to get Post-Gazett- d e, into real estate?" Campbell "To reflect the growth said. Commonwealth Western and diversification of the company" is the usual excuse Corporation was the name most companies give for shareholders approved at the changing their names. Are annual meeting last week. they really changing their Campbell won't be specific about the names origin, nor course of business or disguisits significance to what the ing a distasteful past? just Energy Reserves Group, company intends to do Inc., Witchita, Kansas, made that he thinks Commonwealth no bones about why they "For changed their name. many shareholders and others in the financial Western Corp. has a nice ring to it. (Considering the fate of many mining and mineral companies of late, he thinks it wise to choose a name less confining.) Cryogenic Technology Inc., is another case in point. Now dubbed Helix, the company designs, develops, and manufactures low temperature refrigeration equipment for industrial, research and military markets and provides environmental protection to the nuclear equipment of the electric segment utility divorcOther than industry. ing itself from the confines of the cryogenic industry. Helix, ries little more for the average investor than gie him an easier name to pronounce and icmembcr. Ah ha! And that's part of the strategy, said Richard F. Cole, president. "The name Helix is designed Securities Commission Proposes Changes in 8K's Continued from page two fourteen items that have a material effect on the company. The reports are due within 10 days after the end of the month in which the reported event occurred. The Commission estimates that 19,000 8K's are filed in a year. accurately reflects the nature of the business. But in choosing another name, have they considered the possibility that it, too, could one dav fail them? In proposing that The Oil Shale Corporation change its name simply to TOSCO, president Morton M. Winston is hedging for the future. What can Father Time possibly do to the name TOSCO? The company, which lost $10 million last fiscal year by pulling out of a federal oil shale development project, says the new name reflects the growth and diversification of the company in several fields, in addition to its leadership role in oil shale Continued on Page Twelve The proposal would also add an item to the remaining 8K requirements: disclosure of bankruptcy or receivership proceedings. In addition, it would require that the interim reports be filed w'ithin 10 days Under the proposal, after the occurrence of the seven of the reportable items event, rather than the month including legal proceedings, following. increases in the amount of Interested parties have and securities outstanding until Sept. 15 to comment to matters submitted to a vote of the SEC. -- tafcte M. i -- iiiiii' Cii'n'i Minn ton a ol o o! 3: o 0 1 ao NOT INTERESTED? That s Okay but better keep this ad handy in a few short months you O o (j may wish that you had been taking Q --i AGN Join those in the know. Learn . -- O O a about gold stocks, exploration. o mining legislation, gold in economy. Q and read O comments. O 2 writers expert and Gold Newspaper Since 1933 sl A Leading 9" FREE "o Touf Choice of Two Popular Books O Gold! The Ultimate Hedge 22 "Gold O Subsc iption O r $6Per Year Issued Monthly Money refunded if not delighted AMERICAN GOLD NEWS P.O. BOX 457, DEPT.NE lone. CA. 95640 Gold-Gol- d Gold-Gol- d p Gold-Gol- d community In 1973, Clinton Oil Com- founded by R.P. Clinton, was taken over by court appointed management. William V. Cromwell, manager of public relations said the trouble stemmed from shareholders who thought With over 1600 stock quotations, news articles, earnings reports, corporate profiles, market columns and feature stories, the National Enterprise covers the OTC securities market from coast to coast. management was not spending corporate funds the way they should. The only relationship Clinton now has with the company is that of a shareholder; he is in no way associated with management of Energy Reserves Group. behind closed doors of make it our business to know what's going on in the industry--froWe'll laws and securities board rooms to regulations. changing keep you posted on the corporate latest developments and abreast of current trends. We tion was spent in dreaming up a new name for the company, Crommwell said. Clinton Oil Company had become more than just an oil company. m The National Enterprise gives your investments the kind of coverage they deserve. A good deal of considera- Please send eie a one-yea- r subscription to the National Enterprise. Enclosed is S24.00. NAME ADDRESS I CITY STATE or Panning for Profit" sent with and energy industry, the present name has an unfavorable connotation because of past legal problems. said president Richard W. Volk last February. And it was probably to the companys advantage to do so. pany, f af tfiimfat? Gold Gold-Gol- d Gold-Gol- d Gold-Gol- d to provide the company with a more generalized name, yet one which will be enduring and readily remembered. Enduring . . .Another catch. Companies left and right say the scope of their activities has enlarged, that the former name no longer - securities holders would be reported on the 10K annual, rather than the 8K. zip Mail to: THE NATIONAL ENTERPRISE P.O. BOX 11778 SALT LAKE CITY. UTAH 84147 Gold |