Cal-Bay Controls Inc. Signs Exclusive Sales Representative Agreement.Business Editors TUSTIN, Calif.--(BUSINESS WIRE)--April 19, 2001 Cal-Bay International Inc.'s wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Cal-Bay Controls Inc. has recently signed an exclusive contract with MEECO Inc. of Warrington, Penn. to serve as the exclusive sales representative for all MEECO products in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Cal-Bay International (CBYI) is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. currently trading over the counter in the pink sheets. Its subsidiary, Cal-Bay Controls, was formed in 1976 as a manufacturer's sales representative and distributor of environmental, process, QC/laboratory and safety instrumentation and related products and services. Cal-Bay Controls was recently acquired in March 2001 by Var-Jazz Inc., and the name of the parent company was changed to Cal-Bay International Inc. Founded in 1948, MEECO specializes in moisture analyzers for industrial applications, including natural gas production and transmission, specialty/pure gas production, etc. MEECO also provides trace oxygen analyzers, as well as relative humidity relative humidity n. The ratio of the amount of water vapor in the air at a specific temperature to the maximum amount that the air could hold at that temperature, expressed as a percentage. , dewpoint and temperature transmitters. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bob Thompson, 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. of Cal-Bay International: "The addition of MEECO products to the existing line of products and principals already represented by Cal-Bay should benefit both companies. MEECO manufactures high-quality moisture and trace oxygen products that fit very well with the other products offered by Cal-Bay, and our sales staff has the experience necessary to promote and sell these new products very effectively in the Southern California sales territory. We look forward to a long and mutually beneficial relationship with MEECO Inc. in the future." |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion