CTG Announces Interest in Strategic Alliances.HARTFORD, Conn.--(BUSINESS WIRE)--June 1, 1999-- CTG CTG Cartridge CTG Center for Technology in Government (SUNY, Albany, New York) CTG Center for Technology in Government CTG Computer Task Group (IT consulting company; Buffalo, NY, USA) Resources, Inc. announced today that it has retained Paine Webber Paine Webber and Company was an American stock brokerage firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Incorporated to advise it on strategic alternatives to maximize shareholder value, including the potential sale of the company and acquisitions of nonregulated enterprises to expand the company's district heating District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements. and cooling activities. "With the recent entry of a number of large players into the Northeast energy markets, the size and scope of operations needed to compete increases dramatically," CTG Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Arthur C. Marquardt said. CTG Resources is the holding company of Connecticut Natural Gas Corporation and The Energy Network, an unregulated subsidiary. CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage provides natural gas service to approximately 142,000 residential, commercial, and industrial customers, principally in greater Hartford and Greenwich, Connecticut. CTG is engaged in a number of non-regulated energy-related activities through The Energy Network. TEN holds and operates diversified businesses, which are primarily engaged in district heating and cooling. CTG's home page on the internet is www.ctgcorp.com. |
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