Enertech

When some neighbors living near Enertech's factory in Brea learned recently of the company's involvement in the nuclear power industry, they became alarmed by the possibility that radioactive materials were being handled near their homes. The neighbors' concerns were quieted after Enertech officials explained that the company makes safety equipment and provides maintenance service at nuclear power plants--no glowing green rods or the like are handled there.

When some neighbors living near Enertech's factory in Brea learned recently of the company's involvement in the nuclear power industry, they became alarmed by the possibility that radioactive materials were being handled near their homes. The neighbors' concerns were quieted after Enertech officials explained that the company makes safety equipment and provides maintenance service at nuclear power plants--no glowing green rods or the like are handled there.

Two reputed organized crime figures and a San Fernando Valley man have been indicted by a federal grand jury on charges that they schemed to defraud General Enertech Corp. stockholders by fraudulently transferring 400,000 shares of the firm's stock. The seven-count indictment names Michael A. Rizzitello, 59, of Canoga Park, Robert George Paduano, 43, of Newport Beach, and Nicholas Nardi, 66, of Chatsworth.

Douglas Derouin has been named vice president of business development for Hydro-Fluent Inc., an Irvine environmental engineering and services company. Before joining the company, he was testing services manager for Paul-Munroe Enertech, a nuclear-power engineering and services company, and regional operations manager for Smith International, an oil-drilling product and services company in Houston.

Two reputed organized crime figures and a San Fernando Valley man have been indicted by a federal grand jury on charges that they schemed to defraud General Enertech Corp. stockholders by fraudulently transfering hundreds of thousands of shares of the firm's stock. A seven-count indictment, sought by the U.S. Justice Department's Organized Crime Task Force, named Michael A. Rizzitello, 59, of Canoga Park, Robert George Paduano, 43, of Newport Beach and Nicholas Nardi, 66, of Chatsworth.

Two reputed organized crime figures--including a Newport Beach man--and a third man who runs an investment firm have been indicted by a federal grand jury on charges they schemed to defraud General Enertech Corp. stockholders by illegally transferring hundreds of thousands of shares of the firm's stock. A seven-count indictment, sought by the Justice Department's Organized Crime Task Force, named Michael A. Rizzitello, 59, of Canoga Park, and Robert George Paduano, 43, of Newport Beach.

A federal court jury in Los Angeles has acquitted three Southern California men on charges of scheming to defraud stockholders of a Montana firm by fraudulently transferring and selling several hundred thousand shares of the company's stock. Robert George Paduano, 43, of Newport Beach and Nicholas Nardi, 66, of Chatsworth were acquitted at mid-day Friday on all charges in a seven-count indictment handed down in May. The third defendant, Michael A.

A Newport Beach man and two others were acquitted by a federal court jury in Los Angeles on charges of scheming to defraud stockholders of a Montana firm by fraudulently transferring and selling several hundred thousand shares of the company's stock. Robert George Paduano, 43, of Newport Beach and Nicholas Nardi, 66, of Chatsworth were acquitted Friday on all charges in a seven-count indictment handed up in May. The third defendant, Michael A.

CoCensys Inc. President and Chief Executive F. Richard Nichol has been named chairman of the Irvine biopharmaceuticals company. He succeeds Lowell E. Sears, who has been chairman since 1995. Sears remains on the board. Nichol joined CoCensys as president and CEO in January 1997. * A. James Meader has joined Systems Source Inc. in Newport Beach as vice president, operations. He was previously director, general administration at Cox Communications PCS LP.

Safeguard Scientifics Inc., one of only a handful of publicly traded venture capital funds, agreed to acquire closely held Pac-West Telecomm Inc. for $115 million, so Pac-West can speed its growth. Pac-West is a competitive local telephone exchange carrier, or CLEC, with operations in California and Nevada. CLECs compete with the Baby Bell companies for local phone business. The company has a presence in all 11 of the local-access and transport areas in California.