Dallas Business Journal articles from January 1996

Dallas Business Journal archives from January 1996

MainBank bids on Provident. (MainBank of Red Oak; Provident Bank Dallas)
January 19, 1996... Acquisition would create 14th-largest bank in Metroplex MainBank of Red Oak has made a bid to purchase Provident Bank of Dallas, the Business Journal has learned. Such a deal would end a long saga for Provident, which has been on and off...

Cyclix: living large in the high-tech junkyard. (Cyclix Engineering Corp.)
January 19, 1996... Corporate giants pay big for refurbished computers Not seven months old, Cyclix Engineering Corp. is scrambling to meet agreements signed with AST Research and American Airlines worth millions of dollars. What's perhaps more surprising...

ThermoFluid's incentives stemmed inefficiency. (ThermoFluid International)
January 19, 1996... Zahid Ayub and Essa Firooz stood proudly as their company steadily grew. As president and vice president of ThermoFluid International - a 3-year-old, Arlington-based manufacturer of heat transfer equipment and systems - Ayub and Firooz saw...

STB reaps profit with clear view of 'Net. (STB Systems Inc; Internet)(Company Profile)
January 19, 1996... Bill Ogle knows a few things about power. Ogle is president and chairman of STB Systems Inc. in Richardson. In his spare time he collects and rebuilds Chevrolet Camaros. But they are no match for the power his company's products stir inside...

ASG buys Forest Central retail property. (ASG Real Estate Co.)
January 12, 1996... ASG Real Estate Co., representing a consortium of offshore investors, purchased 97,601 square feet of the Forest Central Center in Dallas for $8.8 million. ASG is said to have the backing of wealthy Kuwaitis. ASG President Walid Keilani...

Local finance firm helps Turkey cut beef deal. (Bristol Trade Finance Inc.)
January 12, 1996... Bristol Trade Finance Inc. of Dallas has rounded up capital to get a $9.3 million international cattle sale moving. Bristol's financing has resulted in the largest single export of cattle in U.S. history. The transaction also marked the...

Lotus slingshots Dallas firm. (Lotus Development Corp.; IntellAgent Control Corp.)
January 12, 1996... Software maker IntellAgent Control Corp. might look like it is riding the coattails of its partner, Lotus Development Corp. But Dallas-based IntellAgent, which has tripled its sales in one year, just might be getting the long end of stick....

Local companies turn to public market. (initial public offerings)(Special Report: Financial Quarterly)
January 12, 1996... Less than 12 months after Ernie Talley took Dallas-based Renters Choice Inc. public, the appliance rental company's stock bumped up to about $13 a share from an initial price of $10. Go ahead and say "big deal." Then consider that the...

Budding business; In Bloom franchise offered freedom, security. (In Bloom Flowers and Gifts Inc.)(includes related article on considerations for potential franchisees)(Growth Strategies)
January 12, 1996... Toward the end of 1993, Larry Amidei and his wife, Linda, decided they'd had enough of punching someone else's clock. Larry, a 25-year manager in the trucking industry, and Linda, a corporate executive assistant for seven years, wanted their...

GE inks deal for warehouse in Mid Cities. (General Electric Corp.; Grand Prairie, Texas)
January 5, 1996... Champion Partners to build 405,000-square-foot project Dallas-based developer Champion Partners Ltd. and the city of Grand Prairie have landed a deal that will bring a new 405,000-square-foot warehouse to the Great Southwest industrial...

Idled Dallas Express slapped with lawsuit by financier. (Dallas Express Airlines Inc.)
January 5, 1996... Airline allegedly defaulted on line of credit, stock deal A Dallas man who helped Dallas Express Airlines restart its operations more than a year ago has filed a suit claiming that the airline hasn't made good on its debts to him. The suit...

Benchmarq squares off against Dallas Semi. (Benchmarq Microelectronics Inc.; Dallas Semiconductor Corp.)
January 5, 1996... Patent dispute motivates smaller firm to file lawsuit Top executives at Benchmarq Micro-electronics Inc. are going to court in a patent dispute with their chief rival and former employer, Dallas Semiconductor Corp. Benchmarq, a...

Richardson firm in new cable venture. (Richardson, Texas firm Heartland Wireless Communications Inc.; CS Wireless Inc.)
January 5, 1996... Heartland will share ownership with N.Y. firm, major phone companies Richardson-based Heartland Wireless Communications Inc. plans to share ownership rights to a new wireless cable television company with the likes of telephone companies Bell...

Country music magazine, Twang, plans April start. (Harvest Media Inc.; 1996)
January 5, 1996... A new national monthly magazine to be launched from Dallas-Fort Worth in April will try to pluck the interest of country music lovers. Called Twang, the magazine has been described by a source close to the deal as the "Rolling Stone magazine"...

Tech firm's stock slammed as budget crises crimp revenue. (Optical Data Systems Inc.)
January 5, 1996... Unless you count on a federal paycheck every week, the federal government shutdowns may not have had much impact. But the budget crisis has put a dent in one Richardson company's fourth quarter. Optical Data Systems Inc., which makes...

Bank One cutting back on its contracts with local lawyers. (Bank One, Texas N.A.)
January 5, 1996... Powerhouse gets picky; wants discounted rates Bank One Texas is reorganizing its legal department and dropping some outside firms from its roster of hired guns. No in-house attorneys at Bank One Texas are being cut, according to Steven...