Marcum Natural Gas Services units restructured.DENVER--(BUSINESS WIRE)--Jan. 24, 1995--A. Bradley Gabbard, president of Marcum Fuel Systems Inc., a unit of Marcum Natural Gas Services Inc., announced a restructuring of the operations of the company. DVCO DVCO Distributed Voltage Controlled Oscillator Fuel Systems Inc., and Marcum CNG CNG Compressed Natural Gas CNG Calling (Tone) CNG Comfort Noise Generation CNG Cryptography Next Generation (Microsoft Windows Vista) CNG Centre National de Génotypage Systems Inc., which previously operated as wholly owned subsidiaries 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. of Marcum Fuel Systems, will discontinue operating as separate entities. All operations of the two subsidiaries will now be through Marcum Fuel Systems. R. Douglas Till has been named executive vice president of Marcum Fuel Systems and will be in charge of both the design, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and installation of the complete compressed natural gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 refueling stations and the manufacturing operation of its proprietary products, such as the second generation APEX dispensers introduced in late 1994. Carnig Izmirian, formerly president of Marcum Fuel Systems' DVCO Fuel Systems subsidiary, will transfer into an international sales role. The company distributes products in Europe through its Metretek's subsidiary, Metretek (Europe) Ltd.; it will use independent local distributors in other territories. International sales in 1994 included sales in Canada, Argentina, England, The Netherlands, Pakistan, Australia and Mexico. 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. W. Phillip Marcum, president and chief executive officer of Marcum Natural Gas Services, "This consolidation streamlines our operation and improves efficiencies as we expand our capabilities to serve the natural gas industry." CONTACT: van Dernoot & Associates, Denver Peter R. van Dernoot, 303/322-1202 |
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