Watson General Corp

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.

Watson General Corp. said Wednesday that it will sell its two subsidiaries, close its Irvine headquarters and move remaining operations to Colorado under a new corporate name. Watson, a maker of computer products that monitor underground petroleum tanks for leaks, said it is talking with several prospective buyers of its Toxguard Systems and Toxguard Fluid Technologies units. The two firms are based in Irvine and have a total of about 30 employees.

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.

Watson General Corp. said Friday it acquired all the outstanding capital stock of NDE Environmental Corp.'s Ustman Industries Inc. unit for $5.25 million and a $500,000 note. The unit, which provides remote tank monitoring, is expected to increase Watson General's share of the market. Watson monitors and removes underground storage tanks. Watson obtained $7 million of financing and working capital from Sagaponack Partners L.P., a San Francisco investment firm.

Watson General Corp. has completed its previously announced acquisition of EnviroQuest Technologies Ltd., a Kansas City, Mo., supplier of software to monitor underground storage tanks. The transaction involved an undisclosed amount of stock and cash. Watson General develops software for underground tank monitoring.

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.

Industrial software maker Watson General Corp. said Wednesday that it signed a distribution agreement for its software and services in Australia, opening the door to international distribution of its products for monitoring leaks in underground fuel-storage tanks. The agreement is with V.R. Australia Pty. Ltd. in Cheltenham, Victoria, which provides services to owners of gasoline storage tanks in Australia.

Watson General Corp. said it has signed a definitive agreement to acquire EnviroQuest Technologies Ltd. of Kansas City, Mo. Watson General said the acquisition for an undisclosed combination of stock and cash is scheduled to close at the end of the month. EnviroQuest's software monitors underground storage tanks for leaks. Watson General develops software for underground tank monitoring.

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.

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.

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.

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.

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.

Industrial software maker Watson General Corp. said Wednesday that it signed a distribution agreement for its software and services in Australia, opening the door to international distribution of its products for monitoring leaks in underground fuel-storage tanks. The agreement is with V.R. Australia Pty. Ltd. in Cheltenham, Victoria, which provides services to owners of gasoline storage tanks in Australia.