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Satellite Control Technologies Inc

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BUSINESS
September 9, 1997 | (Dow Jones)
Satellite Control Technologies Inc. said Monday it may have to consider bankruptcy options after negotiations with an overseas investment group stalled. The company said Jeffrey M. Sherman, president and chief executive, and Lawrence E. Hecox, corporate secretary and director, resigned as a result of the stalled funding. Acting chief executive Bernard Snyder said that if the company can't find another investor "over the next month or two, we will be forced to consider bankruptcy options."
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BUSINESS
September 9, 1997 | (Dow Jones)
Satellite Control Technologies Inc. said Monday it may have to consider bankruptcy options after negotiations with an overseas investment group stalled. The company said Jeffrey M. Sherman, president and chief executive, and Lawrence E. Hecox, corporate secretary and director, resigned as a result of the stalled funding. Acting chief executive Bernard Snyder said that if the company can't find another investor "over the next month or two, we will be forced to consider bankruptcy options."
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BUSINESS
May 30, 1997
Sherman Oaks-based Satellite Control Technologies Inc. appointed Jeffrey M. Sherman president and chief executive.
BUSINESS
September 2, 1996
PageStar Inc., a marketer of wireless telecommunications services, said it has acquired Satellite Control Technologies Inc., SCT's subsidiary and its patented remote control wireless switching technology in a stock swap. PageStar turned over 6 million shares--50% of the company--for the purchase. As part of the deal, SCT President Steve Lipman became president of PageStar, whose former president, Eric Chess Bronk, took over as PageStar's chief operating officer.
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