System Controls Inc

Systems Controls Completes Spinoff: Anaheim-based System Controls Inc. said Friday that it has completed a previously announced spinoff of its communications division. The company also said it has raised $1.5 million in capital by converting stock warrants. The company, which manufactures high-technology energy management systems and communications equipment, will use the capital to launch several new products, System Controls President Phillip M. Westall said.

System Controls Inc. announced management and board changes Thursday and said it plans to file for listing on the Nasdaq system. Philip Westall, formerly president and chief executive officer, will become chairman. He will remain managing director of the electronic energy management systems company's European subsidiaries. Westall is succeeded as president by Glenn Easterbrook, head of the company's wholly owned Hogan Sales subsidiary, which is based in Anaheim along with the parent corporation.

System Controls Inc. said Wednesday it has completed its acquisition of Church Engineering Metal's fabrication division. The acquisition was made by System Controls' subsidiary, Ferrob Ltd., for an undisclosed amount. System Controls, which manufactures energy management equipment, had become Irvine-based Church's largest customer in the past year.

System Controls Inc. said Wednesday it has completed its acquisition of Church Engineering Metal's fabrication division. The acquisition was made by System Controls' subsidiary, Ferrob Ltd., for an undisclosed amount. System Controls, which manufactures energy management equipment, had become Irvine-based Church's largest customer in the past year.

System Controls Inc., a manufacturer of energy management systems, said it will suffer financial problems through 1996 and has postponed expansion plans in the wake of financial irregularities within one of its divisions. System Controls said an internal investigation has concluded that the Hogan Sales distributor division will have to restate its 1994 financial results and report losses for both 1994 and 1995.

System Controls Inc. announced management and board changes Thursday and said it plans to file for listing on the Nasdaq system. Philip Westall, formerly president and chief executive officer, will become chairman. He will remain managing director of the electronic energy management systems company's European subsidiaries. Westall is succeeded as president by Glenn Easterbrook, head of the company's wholly owned Hogan Sales subsidiary, which is based in Anaheim along with the parent corporation.

Systems Controls Completes Spinoff: Anaheim-based System Controls Inc. said Friday that it has completed a previously announced spinoff of its communications division. The company also said it has raised $1.5 million in capital by converting stock warrants. The company, which manufactures high-technology energy management systems and communications equipment, will use the capital to launch several new products, System Controls President Phillip M. Westall said.