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Greenville Record Argus Newspaper Archives Apr 5 1986, Page 2

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Greenville Record Argus (Newspaper) - April 5, 1986, Greenville, Pennsylvania I record Argus saturday april so a Pape 2 business Jamesway reports corporate earnings Secaucus n j. A Jamesway corporation has reported net income of $9,252,000, equal to $1.30 per share on a fully diluted basis on More shares outstanding resulting in a 30 percent decrease from $13,264,000, or $1.93 per share on a fully diluted basis in the prior year. Sales for the year ending feb. I 1986, As previously reported increased to $523,146,000 from $475,406,000 a year earlier. Net income for the fourth Quarter decreased 47 percent to $3,212,000, equal to $ 44 per share on a fully diluted basis on More shares outstanding from $6,020,000, or $.87 per share on a fully diluted basis in the prior year period. Sales for the 13 weeks increased 8 percent to $171,903,000 from $159,870,000 for the corresponding 14-week fourth Quarter of last year. Without the extra week in january 1985, sales increased 14 percent for the Quarter. Chairman Herbert Fisher said the $.04 per share on a fully diluted basis. I ast years fourth Quarter had an $803,000 or $. 11 per share credit on a fully diluted basis. For the year Lazurus said that shrinkage4 even though higher than the year before remained below Industry average. The company operated 91 stores at the end of fiscal year 1985 and added one new store during february 1986. Fisher added that the company expects to open a record total of 13 to 15 stores during 1986 Koshner retires from Penn Power Norman s. Kashner 143 e. County line rd., Jamestown has retired from Pennsylvania Power after 40 major factors contributing to the Cli Rees record cold weather in the month of decline in earnings for the year were higher shrinkage and life charges june resulting in a second Quarter significant earnings drop and higher payroll and advertising costs related to the 1985 and 1986 expansion program. Arlie g. Lazarus president said net income for the fourth Quarter was negatively affected by life inventory accounting As Well As an increase in shrinkage results and higher promotional markdowns. The 1985 fourth Quarter contains an after tax life charge of $359,000 or Sears of service. In was a meter Man a in the Utility a Mercer county meter department. Kashner born in Conneaut Lake he attended High school Here before serving in the irs. Army during world War ii. He served in the Asiatic Pacific theater receiving four Battle stars a Good conduct medal and attained the rank of Corporal. He is a member of the National Rifle association. Kashner and his wife Jenny have two children Kenneth of Kinsman Ohio and Sheryl Clinefelter of Franklin and five grandchildren. Mfg begins terminations National fuel began termination procedures on april i for delinquent residential accounts. Approximately 5,500 residential customers in the 154 Pennsylvania counties served by National fuel face possible shut off of their Gas service. More than $5 million in delinquent Bills is currently owed company officials urge those customers with past due accounts to Stop in or Call their local consumer assistance Center immediately to determine How service termination can Best be avoided. National fuel will set up individual payment arrangements for the balance of what is owed taking into consideration the customers income and expense. Customers May be eligible for Energy assistance funds to reduce or eliminate their debt. Eligibility is established by the state on the basis of income. Those customers with accounts past due should visit their local consumer assistance Center to make payment arrangements if they can to Stop in they should Call the office to discuss their options. Marketing seminar slated a seminar a marketing information for Small businesses a geared toward marketing techniques for the manager will be conducted from 7 to to . Wednesday at Mercer county area vocational technical school. The seminar will provide information on the Market for firms products of service the Competition trends in the Industry successful promotion methods and serving the needs of customers. Sponsored by the Small business service Center the seminar will feature speaker Barbara Lindgren president of marketing assistance Center inc., Slippery Rock. Registrations Are required by monday and the Cost is $10 per person. Registration and further information can be obtained at the to tech school Box 152, it. 58 new Mercer a. 16137 or by calling 662-3000 our chickens Are just waiting to be served digit Doodle open week Codys til 9 30 weekends til 10 00 m3 Mercer re. 508 8532 baby Sale you la find everyday value items All Over the store 20%-25% off All infant and toddler Wear non downtown buy of is Assoc Iai Ion a Penney new businesses open two new businesses have opened for business in Greenville this week. Jerry Norris assistant manager of Kwik fill Gas station on the Corner of main Street and Penn Avenue which opened april i helps sue Christy to learn the pumps. Company Mascot a Wilsy will be at the station next week for grand opening celebrations. The station is open 6 . To to . Seven Days per week. Kelly cat trill co owner of the new four Star pizza shop shakes hands with Nick to Hnarakis lessor of the building to four Star while co owner Brian Corey looks on. Also welcoming the business Are from left councilman Bob Gargasz first National Bank manager Ken Turcic and first National chairman Norman Mortensen. Four Star 137 main st., will offer take out orders and free delivery. Record Argus photos by Doug Roberts and Bill hand fam Estuar. 172 main st., Greenville 588-5160 Greenville Plaza Hadley Road

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