April 6, 1993
Pollution Research & Control Corp., a maker of air pollution-measuring instruments, said disclosure of its 1992 financial results will be delayed about 10 days. Companies typically report their results within 90 days of the end of the period. But Glendale-based Pollution Research said its outside auditors, Deloitte & Touche, have not completed their work. Separately, Pollution Research said it received its first contract in India, a $300,000 award for three air pollution-monitoring systems.
July 20, 1993
Pollution Research & Control Corp. said its profits more than doubled in the second quarter, to $274,000 from $115,000. The Glendale-based designer and manufacturer of air pollution measurement instruments posted revenue of $1.5 million for the quarter ending June 30, down 4% from $1.6 million a year earlier.
March 9, 1993
Pollution Research & Control Corp., a Glendale maker of air-pollution measuring instruments, said it expects to report a loss for the fourth quarter that ended Dec. 31, partly because of inventory shortages that may be the result of employee theft. Albert E. Gosselin Jr., president and chief executive officer, said the company has dismissed certain employees after an in-house review "uncovered possible misappropriation of funds and other improprieties."
May 18, 1993
Pollution Research & Control Corp., a maker of air pollution measuring instruments, said its first-quarter profit rose 27% from a year earlier on a 3% increase in sales. For the three months ended March 31, the Glendale-based company said its net income climbed to $303,000 from $239,000, while revenue rose to $1.63 million from $1.58 million. Pollution Research also said it posted a $1.1-million net loss for all of 1992, compared with a profit a year earlier of $601,000.
June 4, 1991
Pollution Research & Control Corp., a Glendale company that makes air pollution monitoring devices, said it expects its restated loss for the year that ended Dec. 31, 1990, to increase to $2.9 million from a loss of $1.8 million, due to the writeoff of assets of units that it divested during the year. Last year, the company sold 75% of its Air Instruments & Measurement subsidiary to its management in exchange for royalties from the unit's sales.
October 1, 1991
Pollution Research & Control Corp., a Glendale company that makes pollution measurement devices, said it has exercised its option to acquire the 55% of Pacific Region Commerce Corp. that it doesn't already own. Pacific Region Commerce is an Austin, Tex., company that was organized by Pollution Research in October, 1990, to sell its products abroad. No payment was required, Pollution Research said, because Pacific Region failed to achieve the sales level specified in the option agreement.
July 16, 1991
Pollution Research & Control Corp., a Glendale-based maker of pollution-monitoring devices, reported a $170,000 profit in the second quarter ended June 30, while revenues rose 18% to $1.28 million. A year earlier, Pollution Research lost $1.05 million on $1.09 million in revenues. For the six months ended June 30, the company earned $287,000, compared to a $1.14-million loss a year earlier. Revenues fell 3% to $2.57 million from $2.65 million.
November 12, 1991
Pollution Research & Control Corp., a Glendale company that makes pollution-monitoring devices, said it has entered a five-year agreement to provide a division of Air & Water Technologies Corp. with instruments that measure pollution emitted by smokestacks. The contract is worth at least $1 million a year in revenues to Pollution Research, the company said. Air & Water Technology is a Branchburg, N. J.-based environmental treatment and services concern.