Corporate Profile for O.I. Corporation, dated July 9, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: July 9, 1999
Company Name: O.I. Corporation
Address: P.O. Box 9010
College Station, Texas 77842-9010
Main Telephone:
Number: 409/690-1711
Internet Home
Page Address
(URL) http://www.oico.com
Chief Executive
Officer: William W. Botts
Chief Financial
Officer: Julie A. Wright
Investor Relations
Contact: Jane Smith or W.W. Botts
Business number: 409/690-1711
Public Relations
Contact: W.W. Botts or Jane Smith
Business number: 409/690-1711
Trading Symbol/
Exchange: Nasdaq:OICO
Industry: Environmental testing (water, air and soil)
Company description: O.I. Corporation trades on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on National Market System under the symbol OICO OICO OI Corporation (stock symbol) . The Company designs, manufactures, and markets innovative instruments used for chemical analysis. The Company's products are used to detect, identify, measure, and monitor chemical compounds in a broad range of industries, including pharmaceutical, chemical, petrochemical, semiconductor, power generation, food, beverage, and defense. The Company also provides products used for the preparation of samples for chemical analysis. Some applications/solutions offered include the analysis of volatile organic compounds volatile organic compound Environment Any toxic cabon-based (organic) substance that easily become vapors or gases–eg, solvents–paint thinners, lacquer thinner, degreasers, dry cleaning fluids (VOCs) in liquids and gases; the detection of organic and inorganic inorganic /in·or·gan·ic/ (in?or-gan´ik) 1. having no organs. 2. not of organic origin. in·or·gan·ic n. 1. contaminates in ultra-pure water and waste water; measurement of sugar, and CO2 in beverage production; and the preparation for analysis of liquid, gas, and solid samples by digestion, extraction, and gel permeation chromatography Gel permeation chromatography (GPC) is a separation technique based on hydrodynamic volume (size in solution). Molecules are separated from one another based on differences in molecular size. This technique is often used for polymer molecular weight determination. . The Company's products encompass a range of technologies, including gas chromatography gas chromatography (GC) Type of chromatography with a gas mixture as the mobile phase. In a packed column, the packing or solid support (held in a tube) serves as the stationary phase (vapour-phase chromatography, or VPC) or is coated with a liquid stationary phase , infrared filter An infrared filter is a filter to remove visible light and only pass infrared light in different wavelengths. These are mainly used in infrared photography. Filter products
The Company has made five acquisitions since 1994 and seeks to acquire products and businesses that fit with its existing business. On May 12, 1999 the Company announced its Board of Directors approved the purchase of up to 325,000 shares, or approximately 10%, of its common stock. From 1996 to May 20, 1999, the Company repurchased 1,156,830 shares of its common stock under authorized share repurchase Share Repurchase A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. programs and as of May 20 1999, had 3,191,757 shares outstanding. Through the first quarter ending March 31, 1999, sales were up 5% to $6,105,000, compared to $5,825,000 for the prior year. The Company had no debt as of March 31, 1999. Founded in 1963, the Company's shares began trading over the counter in the early 1970s and began trading on the NASDAQ National Market System in 1989. |
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