San Antonio Business Journal articles from March 1992

San Antonio Business Journal archives from March 1992

Keith Foods beefs up local presence. (Ben E. Keith Co. plans new distribution center)
March 27, 1992... Fort Worth-based Ben E. Keith Foods will break ground May 5 on a 110,000-square-foot distribution center in San Antonio that could employ up to 100 people. The company purchased space at the Rittiman East Business Park to construct the...

Calif. firm submits contract on Pacific Plaza; RTC mulls several offers. (Santa Barbara Investments Corp.; Resolution Trust Corp.)
March 27, 1992... The Resolution Trust Corp. has accepted a contract from Southwest Properties, the buying arm of Calif.-based Santa Barbara Investments Corp., to purchase the 104,000-square-foot Pacific Plaza. Santa Barbara President Barry Semler declined to...

Pappas poised to shake up city's Tex-Mex industry. (Pappas Restaurants Inc.)
March 27, 1992... When Houston-based Pappas Restaurants Inc. breaks into the San Antonio market later this year with one of its Pappasito's Cantina Mexican food eateries, there will be no hoopla, no splashy advertising campaign heralding its arrival. "We'll...

Food processors preparing for new FDA labeling rules. (Food and Drug Administration)
March 27, 1992... Local food products manufacturers say a major overhaul of labeling requirements could cost them hundreds of thousands of dollars when the U.S. Food and Drug Administration releases the final version of the rules in November. The Nutrition...

Company man: Hemminghaus knows Diamond Shamrock from the ground up. (Roger Hemminghaus) (Texas Trends)
March 27, 1992... SAN ANTONIO -- Five years ago, shortly after Diamond Shamrock Refining & Marketing Inc. was spun off from its parent company, Chief Executive Officer Roger Hemminghaus proposed that the new company build a $50 million hydrocracker at its McKee...

Building boom; homebuilders feel boost from falling interest rates. (Special Report: Residential Real Estate) (Industry Overview)
March 27, 1992... After struggling to stay in business for the past five years, homebuilders say the recent drop in interest rates have been a big boost to their industry. Local builders say they are doing as much as five times more business than last year....

Protech Inc. (Proxy Report Excerpts) (Company Profile)
March 27, 1992... NASDAQ -- PRTC 11550 IH 10 West, San Antonio, TX 78230 Protech develops, manufactures, sells and markets test systems for printed circuit boards in electronic products such as personal computers. TABULAR DATA OMITTED PERFORMANCE...

Finances unveiled: profitable retailer's offering to bring millions. (Solo Serve Corp.) (Company Profile)
March 20, 1992... Solo Serve Corp.(*) Strong sales... and a solid bottom line 1989 1990 1991 Net income (millions) $2,112 $2,749 $4,275 Net income per share .50 .65 1.01 *...

Stone Oak settles case with feds. (Stone Oak National Bank)
March 20, 1992... Stone Oak National Bank and the local U.S. attorney's office have reached an agreement that is expected to settle a 3-year-old lawsuit that plagued the bank's health and reputation. Officials with both sides confirmed that the paperwork for...

Penny wise: Frost wins acclaim for banking skills. (Patrick Frost; Frost National Bank)
March 20, 1992... When Patrick Frost was considering his career options, his father gave him a simple piece of advice: Unless you have a calling for the ministry or medicine, just find a job you like. For Pat -- as well as his three older brothers -- that...

Drawing connections: U.S. architects building relationships with Mexico. (Special Report: Engineering & Architecture) (Industry Overview)
March 20, 1992... San Antonio architectural and engineering firms face obvious differences doing business in Mexico. Gaps in language, the standardization of building fixtures and government regulations sometimes seem as wide as the meandering Rio Grande River...

Amendments to architecture act puts many projects on hold. (Texas Legislature amends Texas Elimination of Architectural Barriers Act) (Special Report: Engineering & Architecture)
March 20, 1992... Amendments to a state law requiring buildings to be more accessible for the disabled has left local architects and building owners in a quandary. Last summer, the state Legislature amended the Texas Elimination of Architectural Barriers Act,...

Engineering job market left stagnant by real estate bust. (real estate construction business) (Special Report: Engineering & Architecture) (Industry Overview)
March 20, 1992... Until new construction in San Antonio picks up and the recession draws to an end, local engineers are not holding their breath in anticipation of a booming increase in job opportunities. Because the engineering and architecture job market is...

U.S. Long Distance Corp. (Proxy Report Excerpts) (Company Profile)
March 20, 1992... NASDAQ -- USLD 9311 San Pedro, San Antonio, TX 78216 U.S. Long Distance Corp. is a provider of long-distance operator services. The company has two segments: operator services and billing services. TABULAR DATA OMITTED PERFORMANCE...

West Telemarketing planning huge expansion. (West Telemarketing Outbound)
March 13, 1992... West Telemarketing Outbound plans to open a facility in Northeast or North Central San Antonio around the beginning of 1993 that will ultimately employ 1,000 people, the Business Journal has learned. The facility will house West Telemarketing...

Call of the wild: sportsman Warren hooks TV viewers. (Alan Warren produces television programs on hunting and fishing and other outdoor sports)
March 13, 1992... A couple of years ago, Alan Warren left the state's No. 1 television fishing show "Fishing Texas" with "only the shirt on my back," he says. In a harangue of soap opera proportions, there had been a dispute over funds with Warren's twin...

Westside Bank sale pending approval. (to be acquired by BancWest Bancorp.)
March 13, 1992... Austin-based BancWest Bancorp. has struck a deal to purchase Westside Bank in San Antonio, pending approval from federal and state authorities, according to officials with both companies. Donald Hayes, chief executive officer for BancWest,...

S.A. plastics firm targets maquiladoras. (Textek Plastics Inc.; joint venture with Leoplast S.A. de C.V. of Monterrey, Mexico) (World Trade)
March 13, 1992... San Antonio's Textek Plastics Inc. has entered into a joint venture with Leoplast S.A. de C.V. of Monterrey, Mexico, to build a state-of-the-art injection-molding plant in Northern Mexico. Under the terms of a 10-year agreement between the...

Residential sales shoot up, but insiders still guarded.
March 13, 1992... Recently calculated data about San Antonio's residential real estate market show some whopping improvements. From January 1991 to the same month this year, residential construction here shot up more than 100 percent, according to information...

Leading the front line: Frost's REO commander conquers bank's portfolio. (Cullen/Frost Bankers Inc. real estate office director Stan McCormick)
March 13, 1992... When Stan McCormick left collapsed Coldwell Banker Commercial Real Estate in late 1988 to sell Cullen/Frost Bankers Inc.'s foreclosed real estate properties, he came to understand what Gen. George Armstrong Custer must have felt at Little...

Cutting the cord: amid opposition, legislators try to disconnect telemarketing sales gimmicks. (includes related article) (Special Report: Telecommunications and Office Technology)
March 13, 1992... San Antonio telemarketing executives are split over proposed state and federal legislation to regulate the industry -- some welcome regulation while others say it potentially could punish legitimate telemarketing firms. Telemarketers'...

Humana Inc. (Proxy Report Excerpts) (Company Profile)
March 13, 1992... NYSE -- HUM 500 W. Main St., P.O. Box 1438, Louisville, KY 40201-1438 Humana Inc. provides an integrated system of health care services through the operation of acute-care hospitals and a variety of health benefit plans for employee groups...

Banner Industries preparing to go public.
March 6, 1992... Start-up firm planning to make high-tech toys Banner Industries Inc., a San Antonio-based high-tech toy company, hopes to raise up to $6.4 million in a self-underwritten initial public stock offering. If the offering flies, Banner plans...

Take my wine, please! (Texas wines of Moyer Texas Champagne) (Company Profile)
March 6, 1992... Moyer's Texas bubbly is turning heads When even Texas wine connoisseurs look down their noses at the sparkling wines produced in state, it's hard for a Hill Country winemaker to gain acceptance. But the Moyer winery in South Central Texas...

New state law is taxing for banking industry. (effects of the Texas franchise law) (Industry Overview)
March 6, 1992... Amendments last year to the Texas franchise tax could have some San Antonio banks paying a significant chunk of their profits to state coffers. Under the new law, Texas banks would be forced to pay taxes on the interest income earned from...

New firm builds team to represent athletes, performers. (Ameristar Management Inc.) (Company Profile)
March 6, 1992... A local sports and entertainment lawyer has joined forces with San Antonio law firm Speiser, Krause, Mendelsohn & Madole, Mata to start an agency that will represent professional athletes and entertainers. The new president of Ameristar...

Investment round table. (investment professionals) (Special Report: Personal Finance) (Panel Discussion)
March 6, 1992... Investment professionals say today's investors need to be more savvy as a result of world changes From the October 1987 stock market crash to the dramatic world events over the last two years to today's plunging interest rates and economic...

Profiles in the new BAMC project. (Brooke Army Medical Center) (The New BAMC Project)
March 6, 1992... A number of individuals have contributed to the effort to make the new Brooke Army Medical Center a reality. Space would not allow us to list each person who has contributed to the various phases of BAMC's construction, but we have attempted to...

Medical advancement: the new BAMC secures San Antonio as a major force in the military and medical fields for years to come. (Brooke Army Medical Center) (The New BAMC Project)
March 6, 1992... When the $275 million new Brooke Army Medical Center opens its doors in 1995, San Antonio will not only have a landmark state-of-the-art hospital, but a major economic generator that will cement the city's role as a military complex. When...

Road to prestige was a long one for Brooke Army Medical Center. (The New BAMC Project)
March 6, 1992... San Antonio's Brooke Army Medical Center did not instantaneously become one of the nation's key military hospitals. Its evolution was a long and tortuous one beginning in the 1870s. The hospital's beginnings were humble enough. It began as a...

A true flag-waver. (Brig. Gen. Russ Zajtchuk, commander of Brooke Army Medical Center) (The New BAMC Project)
March 6, 1992... From a boy in the Ukraine to a top U.S. military man, Russ Zajtchuk credits much of his success to his country. In 1951, a boy accompanying his aunt and uncle from the Ukraine landed in New York City to escape the Stalinist regime of the then...

Construction industry splits up share of $275 million pie. (construction budget for the Brooke Army Medical Center) (The New BAMC Project)
March 6, 1992... As the U.S. Army Corps of Engineers finishes the $48 million flood control tunnel it started boring under the city five years ago, it starts the third phase of the new Brooke Army Medical Center construction project. In this final part of...