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Corporate Profile for O.I. Corporation, dated October 9, 1998.


--(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:   October 9, 1998

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)           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, d.b.a. OI Analytical, 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, markets, and services products to prepare samples for analysis and to detect, measure, analyze and monitor chemical compounds. The company's products are used for environmental testing, ultra-pure water analysis, cyanide cyanide (sī`ənīd'), chemical compound containing the cyano group, -CN. Cyanides are salts or esters of hydrogen cyanide (hydrocyanic acid, HCN) formed by replacing the hydrogen with a metal (e.g., sodium or potassium) or a radical (e.g.  analysis in the metals industry, and chemical warfare chemical warfare, employment in war of incendiaries, poison gases, and other chemical substances. Ancient armies attacking or defending fortified cities threw burning oil and fireballs. A primitive type of flamethrower was employed as early as the 5th cent. B.C.  agent detection and monitoring. The company's products are sold worldwide by direct sales, manufacturers' representatives Manufacturers representatives (reps), also known as sales agents, are independently owned and managed sales companies that are an alternative to hiring a direct sales force.  and distributors. The company's vision is to become a leading supplier of analytical instruments used for chemical analysis.

O.I. Corporation has made four acquisitions since 1994 and is seeking more acquisitions that fit with its existing business. From 1996 to June 30, 1998, O.I. Corporation repurchased 771,303 shares of its common stock under authorized au·thor·ize  
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction:
 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 June 30, 1998, had 3,549,013 shares outstanding. On July 1, 1998 the company announced its Board of Directors approved the purchase of up to 350,000 shares, or approximately 10%, of its common stock.

Through the second quarter ending June 30, 1998, sales were up 5% to $11,577,000; net income was up 30% to $893,000, and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format.  was up 35% to $0.23 per share diluted, compared to the same period of the prior year. O.I. Corporation had no debt as of June 30, 1998.

Founded in 1963, O.I. Corporation'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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 9, 1998
Words:383
Previous Article:Carolina Fincorp, Inc. Announces Opening of Full Service Branch Office.
Next Article:Corporate Profile for Learning Insights, dated Oct. 9, 1998.



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