May 17, 1994
Watson General Corp., an environmental services company, said Monday that it has signed a letter of intent to acquire a controlling interest in Bio-Separation Ltd., a privately held British company. Bio-Separation holds a worldwide patent on a process that uses microorganisms and magnetic separation to remove heavy metal contaminants from water, Watson said. The British company was purchased with about 76,500 Watson common shares, or $353,813 at Monday's market value. The stock closed at $4.
August 1, 1991
Watson General Corp., a La Jolla holding company for environmental concerns, said Wednesday that it bought 81% of Envir-Alert Inc., an Anaheim company that sells software for monitoring underground storage tanks. Watson General said it paid $150,000 for the stock and will lend the cash-strapped Envir-Alert an additional $150,000. Envir-Alert has just landed contracts with three major oil companies to monitor their cleanup of fuel tanks.
April 27, 1995
EnvirAlert, a subsidiary of Irvine-based Watson General Corp., has agreed to install a fuel-tracking software system into the corporate headquarters and regional offices of Sheetz Inc. in Altoona, Pa. The software, called TankControl, is designed to monitor fuel levels in the underground tanks that feed retail gas pumps at Sheetz's 173 convenience stores in four states. The software will also collect data to satisfy underground tank safety standards and environmental-compliance reporting.
July 26, 1985 |
Charles Watson, chairman of Watson General Corp., a near-dormant corporate shell, said Thursday that he intends to make a tender offer for 51% of the common shares of Fabulous Inns of America, the Mission Valley hotel company that has been embroiled in a yearlong legal battle for control. Watson said he will offer $4 per share for about 1 million Fabulous Inns shares. He said that financing will be provided by two out-of-town financial institutions that he declined to identify.
July 10, 1997 |
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.