June 28, 1994 |
Birtcher Medical Systems, which in May hired a turnaround specialist as its chief executive officer, said Monday that it has raised $1.6 million from investors and from the sale of one of its money-losing product lines. That means Birtcher, which makes surgical products, is about 20% of the way through its restructuring, said Kenneth C. Cleveland, CEO and president. The company, based in Irvine, said it sold 961,667 shares of common stock for about $900,000.
February 6, 1990
Audiotronics Corp., a North Hollywood maker of audiovisual products for classrooms, said Monday it has filed for reorganization under Chapter 11 of the federal bankruptcy laws. Under Chapter 11, a company is shielded from creditors' lawsuits while it works out a plan to pay its bills. Audiotronics said it has hired Kenneth C. Cleveland & Associates to help it develop a reorganization plan.
November 10, 1990 |
Facing a cash crunch and unable to raise new funds, Metropolitan Circuits of California on Friday filed for Chapter 11 bankruptcy protection in federal court here. The company, a manufacturer of printed circuit boards and a subsidiary of Metropolitan Circuits Inc., had assets of about $6 million and debts of $10 million, said spokeswoman Cecilia Wilkinson.
December 3, 1998
Frank R. Caccamo has joined the board of StarBase Corp. in Santa Ana. He is vice president and chief information officer at Reynolds and Reynolds, a Dayton, Ohio-based provider of integrated information management systems and related services to automotive and general business markets. * John Wright has been named vice president of marketing for Rosemount Analytical Inc.'s Uniloc division in Irvine. He joined the division in 1993 as director of marketing. * Howard F.
January 19, 1995 |
Birtcher Medical Systems said Wednesday that its entire office, research and management staff, as well as most of its sales force, will be laid off and its Irvine headquarters closed if shareholders approve a merger with a New York-based competitor. More than 100 of the company's 120 employees, including 83 in Irvine, would lose their jobs in the merger, proposed in December by Conmed Corp.
February 16, 1993 |
Cardis Corp., seeking to reposition its automotive parts distribution business in the marketplace, said Monday that it will move its corporate headquarters to San Ysidro and would close its Buena Park warehouse. About 90 of the company's 140 employees will get layoff notices by the end of the week, a company spokeswoman said. Employees will be given a severance package equal to at least 60 days pay, depending on their length of employment.