ENDEVCO, INC. ANNOUNCES SUCCESSFUL EMERGENCE FROM CHAPTER 11 AND NAME CHANGE TO CORNERSTONE NATURAL GAS, INC.
DALLAS, Nov. 3 /PRNewswire/ -- Endevco, Inc. (AMEX: EI) announces today that it has successfully completed its plan of reorganization and has emerged from Chapter 11. Endevco filed its Chapter 11 Petition on June 4, 1993. With the emergence from bankruptcy, Endevco has changed the name of the company to CORNERSTONE NATURAL GAS, INC. which will begin trading today on the American Stock Exchange under the symbol of CGA.WI. Trading will commence under the new name on a when-issued basis. Cornerstone is a gas transportation and processing company. The gas transportation segment includes gathering, transmission and marketing of natural gas. The processing segment includes gas liquids recovery, gas treating and petroleum refining. -0- 11/3/93 /CONTACT: Robert L. Cavnar, senior vice president, chief financial officer, treasurer and asst. corporate secretary of Endevco, Inc., 214-691-5536/ (EI CGA)
CO: Endevco, Inc. ST: Texas IN: OIL SU:
WB -- NY045 -- 0097 11/03/93 11:17 EST
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|Date:||Nov 3, 1993|
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