January 28, 1997
A Watson General Corp. unit has received an order from a convenience store chain to provide a system to detect leaks for about 1,000 underground gasoline storage tanks. The company did not name the chain or disclose terms of the transaction. Watson provides monitoring and inventory services involving underground storage tanks.
November 15, 1996
Watson General Corp. signed an agreement with South Korea's G-World Co. to market and distribute Watson's Siras software and services for monitoring underground storage tanks in that country. Watson General said it will receive an annual licensing fee from the agreement, plus monthly royalty fees based on the number of tanks processed.
August 23, 1996
Watson General Corp. said its Watson Systems unit has signed an agreement with a Wisconsin-based retail petroleum chain to provide underground storage tank monitoring services. The name of the chain and financial terms were not disclosed. Watson, which provides remote tank monitoring and other services, said it will initially be monitoring about 95 tanks at 30 locations.
August 18, 1996
Watson General Corp., which provides remote tank monitoring services, posted a net loss of $452,000, or 4 cents a share, for the third fiscal quarter, compared with a net loss of $123,000, or 1 cent a share, for the 1995 period. Sales for the quarter ended June 30 increased 10% to $1.1 million from $1 million.
August 15, 1996
A Watson General Corp. subsidiary reported Wednesday that it has received a contract from a North Dakota-based regional retail petroleum chain to monitor about 90 underground storage tanks. Terms of the contract, which was awarded to Watson Systems Inc., were not disclosed.