Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: SATURDAY, January 14, 1995 TAG: 9501160055
SECTION: BUSINESS PAGE: A4 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Landmark Community Newspapers Inc. of Shelbyville, Ky., is the latest of several newspaper companies to express interest in buying the Danville Register & Bee. The Kentucky company, which operates several small daily and weekly newspapers, is a division of Landmark Communications Inc. of Norfolk, parent of the Roanoke Times &World-News.
Larry Coffey, LCNI president, said Friday he had contacted American National Bank & Trust Co., which is handling the sale of the Danville morning newspaper, and had asked for information and instructions on bidding for it.
Other companies that reportedly have shown an interest are Byrd Newspapers of Winchester; the Martinsville Bulletin; and Media General, owner of the Richmond Times-Dispatch. The bank said it will select an investment banker next week to handle the bidding.
-Staff report
Bland firm to sell no-needle injectors
BASTIAN - General Injectables & Vaccines Inc., a Bland County marketer of pharmaceuticals and health care products, will be the exclusive national distributor to physicians of a new needleless medication injection system.
GIV and Bioject Inc., a Portland, Ore., developer and marketer of jet injection systems, said it has agreed to let GIV distribute its new Biojector 2000 Needle-Free Injection Management System. The device is gas-operated. and pushes medication into patients' skin or muscle without the use of a needle ``This is a product for in-office use by physicians when they're giving injections,'' Spears, said Friday.
GIV's vice president for business development, Iain Spears, said it will benefit patients with ``needle phobia'' as well as physicians and nurses, who must be concerned about AIDS and other diseases that can be transmitted through inadvertent needle punctures.``So it overcomes a number of problems,'' he said. ``This is new technology.'' He predicted that it would eventually replace needles for giving injections.GIV is the nation's largest independent marketer of pharmaceutical and health care products directly to physicians. It has about 150,000 physician customers across the country, Spears said.
GIV also is the market leader for flu vaccine sales to the private sector. ``GIV will play an important role as we expand our market share in flu immunization programs in 1995,'' said Arthur S. Pryzbyl, vice president of sales and marketing for Bioject.
-New River Valley bureau
Briefly ...
One business bankruptcy was filed Friday in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Sykes Trucking Co. Inc. of Abingdon is seeking liquidation. Arvil E. Sykes, president, estimated both assets and liabilities at less than $50,000.
Fitch, a New York financial rating service, Friday gave an AA rating to Virginia's $60.81 million in transportation revenue bonds. The bonds will be offered for bids Jan. 24. Fitch said its rating means "the credit trend is stable" for repayment of the debt.
Insurance-Mart Inc. of Roanoke has been named Roanoke-area representative of The Maryland Insurance Group, a personal and commercial insurance carrier. Larry G. Woods is president and owner of Insurance-Mart.
Earnings ...
Flowers Industries Inc., Thomasville, Ga., baker with operations in Roanoke, reported net income of $10.6 million, or 28 cents per share, on sales of $269.9 million in its second quarter ended Dec. 17, compared with year-earlier $8.2 million, or 22 cents per share, on sales of $234.2 million. For the six months, net income was $16.9 million, or 45 cents per share, on sales of $503.5 million, compared with year-earlier $12.9 million, or 35 cents per share, on sales of $451.6 million.
by CNB