Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, August 30, 1995 TAG: 9508300036
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
Mary Scott has announced she will step down as executive director of the Smith Mountain Lake Chamber of Com- merce/Partnership by Nov.1.
Scott said she is resigning because her husband, Michael, has taken a job as a food purchaser for a country club in Pinehurst, N.C.
"I'm going to miss it," Scott said. "I've got a lot invested in this community emotionally, as well as all the work I've put into it."
Chamber/partnership president Audrey Agee said: "There's some awful big shoes to fill now. Mary has just been outstanding. A true professional. She worked real hard at getting us organized and promoting the lake."
The organization's only paid employee, Scott acts as its spokeswoman, promotes lake business and tourism, and enacts its proposals.
A search committee has been formed to seek and interview applicants, Agee said. Scott plans to stay until mid-October or November and to train her successor.
- Staff report
Firm to distribute dissolvable line
RICHMOND- Sterile Concepts Holdings Inc. has gotten distribution rights to a line of medical products that dissolve in water.
The Richmond-based company, formerly a unit of Carilion Health System of Roanoke, distributes prepared surgical trays to doctors and hospitals. The dissolving products will include surgical gowns, gloves and other medical supplies.
The dissolving materials are produced by the Isolyzer Co. of Norcross, Ga., under the brand name OREX.
The supplies can be dissolved in hot water and disposed of through standard sewage treatment plants, company officials said.
The company prepares 3 million surgical trays a year.
- Associated Press
Reorganization set for Phar-Mor
YOUNGSTOWN, Ohio - A U.S. bankruptcy judge signed Phar-Mor Inc.'s financial reorganization plan Tuesday in a move that will permit the discount drug store chain to emerge from three years under court supervision.
Under the plan, which takes effect in 10 days, Phar-Mor will operate independently as a publicly traded company with about 100 stores in 19 states.
Phar-Mor shed two-thirds of its stores and thousands of its employees since it sought protection under Chapter 11 of the bankruptcy laws. Its co-founder and former president, Michael Monus, was convicted on more than 100 felony counts for diverting funds from the company.
Under the plan, secured creditors would receive $102.5 million in cash, about $93 million in new debt securities and 8.5 million shares of new stock.
Unsecured creditors would get 1.5 million shares of stock and warrants to purchase 1.25 million more shares at $13.50 a share. Vendors with claims for goods shipped immediately before the Chapter 11 filing already have received their shares of about $24 million in cash.
- Associated Press
by CNB