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Show the Utah --7 ENTERPRISE Power play at Astron Energy leaves new man in charge Unrest among the ranks of Astron Energy Company shareholders forced a reorganization of the board of directors last week, leaving the reins in the hands of a former Howard Hughes employee. Meanwhile, S.000 unfin- which Astron designed and built, are strewn about a small man ished carburetors, ufacturing plant in Denver, Colo., collecting dust while Astron tries to solve its internal and financial problems. Shareholders were successful is wresting power from former president Ralph Rollins at a meeting held last Tuesday. The new man in charge of Astron Energy is Howard Eckcrslcy, who form The Answer to Modem Marketing. 12 Journal tape Departments for full information 7 clerk totals Complete intermediate and final totals for management several models beginning at $295.00 .soil 364-IPO- MKD I electronic COWAN S RETAIL SYSTEMS th south 278 East SALT LAKE: CITY. 'JJ UTAH 8111 cash registers lEEgggs erly worked for the Howard Hughes organization. Another addition to the board is David Tomlinson, who owns distribution rights g carburetor to the in Washington and Oregon. With the addition of Eckcrslcy to the Astron board, shareholders believe Astron can lend financial support to TCP enterprises, the Colorado manufacturer, so it can get the carburetors rolling off the assembly line. Eckersley is said to have considerable financial expertise and numerous financial sources on which he can draw. But reorganization has not solved all of Astrons problems. The company is without a substantial source of revenue and is obligated to refund all monies advanced by distributors if it can't deliver the carburetors. Astron bought rights to carburetor the "Vari-Ven- t patent last winter, secured a manufacturing partner several months ago, and would like to market the product by year's end. Unfortunately, Astron is still waiting for some integral parts, float and linkage systems, without which the carb- fuel-savin- . cd the contract after several wceks of testing near Sao urctor is worthless. Lee secretary-treasure- Schwaar, r, Astrons claims the necessary parts are on order from Rogers Corp., the manufacturer Connecticut who provides similar parts to manufacturers carburetor Carter and Holley. Neither Schwaar nor anyone else at Astron can say when the parts will be delivered. In the meantime, Astron recently purchased the patent for a new solvent, with hopes that solvent sales will provide much needed working capital. Astron will retail the new "Breakdown solvent for $1 per 8 ounces. Astron is also said to be working on a audited financial statement the likes of which, oil-remov- er Astron shareholders have never seen. To date, all financial statements have been unaudited. The most current, dated Dec. 31, 1976, showed the company with over $1.5 million in assets, nearly the full sum of which came from a carburetor contract with two Brazilian families. Paulo, Brazil. In fact, since its inception early this year, Astron has been the target for criticism from the likes of General Motors and Ford Motor Co., who also own patents on similar versions of a Variable Venturi carburetor. Researchers at both major auto manufacturers claim such a carburetor is not capable of yeilding a substantial increase in mile-cag- e. the same, Astron plans to market the device this year with a "money back" guarantee that the Vari-Vewill increase fuel economy by 30 percent. Astron claims to have secured 78 Utah distributors and 21 in other states. Distributorships in Utah were sold through Omnibus Investment Corp., who reportedly sold each contract for $3,000. According to Astron, 90 percent of all money collected from contraced distributorships is being held in escrow until the carburetors are All nt But the Brazilians later canccl- - Utah wells scheduled Oil Company, Denver, plans to drill a well to about 17,500 feet at the No. ton. Energy Associates, Salt Lake City, will drill the No. 1 Springs well some 14 miles cast of the Nevada state line in Millard County. The propspcct is a deepening of an earlier failure drilled by Gulf Oil in 1952 to about 9,058 feet. Gulf reported no shows. feet. Tiger USA-Bisho- to Dixie-Stat- e 1 about 2,600 just northeast of a 2,500 foot failure drilled earlier this year where oil shows were found at 2,200 feet. Elsewhere, west of Bluff, Utah, Stowe said Texas Pacific Oil Company has made locations for two 2,500 foot test wells. One is about 10 miles southeast of the Black Mesa vicinity and the other is about the same distance to the south. p According to Carlton Stowe, minerals specialist, Utah Department of Natural Resources, the closest production is about 150 miles to the southeast in the Virgin field of Washington County. Stowe also reports a new It is Superior Oil Company has two ncwr 5,600 foot development wells scheduled in San Juan Countys McElmo Creek region. Both Superior Oil and Texaco Inc. arc carrying on heavy development in the McElmo Crcck-Anet- h area, Stowe said. exploratory test will be drilled in Washington County, about 21 miles southwest of the Virgin field and seven miles south of the town of Washing Youll like the better deal 1 you get from 449 So. $ ExotSc Wood touch to your business Christmas giving with exotic wood or other fine writing instruments. 521-410- 0 Add an individual ASK ABOUT EXECUTIVE GIFT SERVICE The fast way to solve your transportation problems You supply budget and names, we do everything else. Quantity discounts available. Let us do the work" CALL NOW! LICENSEE 268-244- 1 Murray, Utah 84107 Fashion Place of |