AGC Group, Inc. (Houston, TX), announces that it has amended its loan agreement with its senior lender, Bank of America, N.A., to waive the company’s noncompliance with certain financial covenants of its agreement as of February 28, 2001, the end of its last fiscal year. AGC believes that it will be in compliance during fiscal 2002 with amended financial covenants contained in the agreement. The company also announces that the Nasdaq Listing Qualifications Panel was unwilling to grant AGC additional time for its common stock to attain a closing bid price of $1 per share, and accordingly determined to delist the company’s common stock from the Nasdaq Stock Market effective May 9, 2001.
GeneralAire Residential Air Treatment Products (Novi, MI) recently selected the winner of its General Filters In-Season Promotion I.S.P getaway to the Atlantis Resort in the Bahamas. The four-day, three-night vacation went to Jeff Bratt from Mid-State Supply, Wautoma, WI.
International Comfort Products (Lewisburg, TN) recently honored its outstanding distributors of 1999 and 2000 at the national distributor conference in Nashville, TN. Distributors that received awards included Blasco Supply, Brauer Supply, Morrison Supply, Naughton Plumbing Sales Co., Phoenix Wholesale, Inc., Shoemaker, Inc., United Refrigeration of California, and the Watsco Companies of California/Air Supply & William Wurzbach Co.
Publication date: 05/28/2001