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Chief Executive Officer of the Richmont Group
Executive Vice President, Manufacturing Group
Member of Chairman of Office
Chief Executive Officer
Arthur Young & Company
OEM High Jinks Lead to Aftermarket Action, August 1999 Issue - Page(s) 137-139
Nu-kote President Patrick E. Howard said in a company press_release , As proposed , the plan provides for a substantial infusion of new equity capital and a refinancing or recapitalization of a portion of the company's debt obligations.We believe that the consummation of the plan will be a very positive step for Nu-kote's long-term growth and stability , and one which will provide a great benefit for Nu-kote's employees , creditors , and customers. The plan , according to the press_release , provides for Nu-kote's continuation as a going concern , and the company intends to continue offering its full line of products and services to its customers on a global basis.As part of its reorganization , Nu-kote announced it has negotiated a contract for the sale of its European Hardcopy supply business.According to company information , the terms of the proposed sale provide consideration of $ 16.5 million to Nu-kote in exchange for 100 % of the shares of stock in certain European subsidiaries.The proposed sale must be approved by the Bankruptcy Court.It permits any other party to make an offer to purchase the subsidiaries.
Pointer Office Products , LLC
Movement Mortgage LLC