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NYSE to drop Westmoreland stock

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Westmoreland Coal Company officially lost its standing on the New York Stock Exchange earlier this week. Coal Company officials said they will consider other markets on which to trade. “We had hoped the exchange would have delayed their decision until the reorganization plan was filed,” said Diane Jones, a spokeswoman for Westmoreland. “We were disappointed… Continue Reading NYSE to drop Westmoreland stock

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Johnstone Supply set to relocate

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Johnstone Supply, a national cooperative with 217 independently owned stores in 44 states, is in the process of building a new location for its Colorado Springs outlet. Johnstone Supply is a wholesale heating, air-conditioning, and refrigeration company. The new building, covering 43,000 square feet, will feature both an office and showroom. The new building will… Continue Reading Johnstone Supply set to relocate

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WestPac receives $20 million cash infusion

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<H3><I>Gaylord, Hunt, and Peiser invest in Springs-based airline</I></SUBHEAD><B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Last week, the Gaylord and the Hunt families expressed their continued faith in the new direction Western Pacific Airlines is flying with a cash infusion of $20 million. The funds include a $2.5 million loan each family made in December to help… Continue Reading WestPac receives $20 million cash infusion

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Magneto optical drive company prepares to expand

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MOST Inc., a magneto optical drive manufacturer headquartered in Cypress, Calif., with operations in Colorado Springs, has just been awarded several large contracts totaling $10 million. The work on the contracts will be conducted in Colorado Springs, allowing the company, which currently employs 120 in the city, to expand its staff. The MOST Manufacturing facility… Continue Reading Magneto optical drive company prepares to expand

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Kiowa parking set to expand

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A parking garage addition, which will be added to existing space at 127 E. Kiowa St., will house approximately 220 new spaces to ease the parking problems that have surfaced in downtown Colorado Springs during the past several years. The total cost of the parking lot renovations will be approximately $2.4 million. The addition is… Continue Reading Kiowa parking set to expand

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US Filter waters down growth to maintain quality

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After doubling revenues in each of the past two years to more than $50 million, the local manufacturing division of US Filter Corp. plans to slow down. Company officials have set a goal to reach revenues of $80 million to $100 million by the year 2000. “It has been a mind-boggling year for the Colorado… Continue Reading US Filter waters down growth to maintain quality

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McGinnis Opens Stock Ownership Plan

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McGinnis Better Homes and Gardens real estate services formed an Employee Stock Ownership Plan and joined a growing list of progressive businesses whose employees are stockholders. When the transaction is complete, the employees of McGinnis and Associates will own a significant percent of the company. The buy out of this portion of stock will take… Continue Reading McGinnis Opens Stock Ownership Plan

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Brueggers to Open New Bagel Store

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Brueggers Fresh Bagel Bakery is preparing to open its third store in Colorado Springs. Expected to open in July, the store at 3504 N. Academy Blvd. will offer something a little different than the regular Brueggers, said regional manager Brent Harl. He declined to say what Brueggers customers can expect. The 3,308 square foot store… Continue Reading Brueggers to Open New Bagel Store

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Home American moves, merges

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Home American Mortgage Corp. recently merged with Richmond Homes of Denver. “We (Home American Mortgage) do all the lending for Richmond,” said Jo Ann Whisler, Home American Mortgage office manager. The two companies that once occupied two different suites at 6455 N. Union Blvd. moved into the 3,709 square foot suite 202 at 5353 N.… Continue Reading Home American moves, merges

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Space Mark to consolidate

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Space Mark Inc., a military contracting firm, will relocate and consolidate its operations into a building on Tech Center Drive, which will cover more than 20,000 square feet. The new location, located adjacent to the present site at 5475 Tech Center Drive, is scheduled for completion this spring. Another office on North Tejon Street will… Continue Reading Space Mark to consolidate

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