ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Saturday, November 2, 1996 TAG: 9611040036
SECTION: BUSINESS PAGE: A-7 EDITION: METRO
Local auto supply to feature PPG
Shepherds Auto Supply Inc. of Roanoke has been named an exclusive provider of PPG Industries Inc. paints and automotive finishes for Southwest Virginia. Shepherds also announced plans to open a paint warehouse in 1997, which will include a paint demonstration booth and classrooms. Shepherds has stores in Roanoke, Salem and Christiansburg and employs 140 people.
- Staff report
Stedman House to cease retail
Stedman House Inc. will close its South Roanoke retail gift and accessory store, the owners announced Friday. But the interior design firm will continue to run a two-person design studio out of its Crystal Spring Avenue office.
It simply has been too difficult to run the Roanoke store long-distance, said Stedman Oakey Jr., who took over the business in 1990 at the death of his father, who founded Stedman House 54 years ago. Oakey lives in Charlottesville, where he oversees another Stedman House shop and studio.
"My sisters and I decided unless I could do it right, unless I'm there, it's just too hard to do," he said. "It's been a very emotional decision." His sisters live in Texas and Australia.
Many interior design firms, faced with increasing competition from discount stores and mass-market retailers, have opted to close their retail stores, Oakey said. Stedman House will continue to operate stores and studios in Charlottesville and Wintergreen, W.Va., as well as a studio in Richmond and a sales office in Blacksburg.
- Staff report
Bankruptcies
Eight bankruptcies with business affiliations have been filed in the U.S. Bankruptcy Court for Western Virginia at Roanoke. Three of them are personal bankruptcies that the court listed as businesses because they have commercial connections and could be of interest to business creditors and customers.
* Hunts Fork Mining Co. of Grundy filed for liquidation. Billy Ray Dotson, president, said the company had no assets and liabilities of $94,908.
* Hustler Coal Co. Inc. of Grundy filed for liquidation. Billy Ray Dotson, president, said the company had no assets and liabilities of $146,758.
* Triple G Coal Corp. of Grundy filed for reorganization and protection from creditors. James R. Gibbs, president, estimated both assets and liabilities at less than $50,000.
* Carol Ann Smith of Rocky Mount filed for liquidation with assets of $12,534 and liabilities of $24,660. She operates a cleaning business as Chores & More.
* Jessee's Hydraulic Repair and Machine Shop of Wise, which serves the coal industry, filed for reorganization and protection from creditors. The company listed assets of $149,200 and liabilities of $190,467.
* Roman Karpynec and Lydia Karpynec of Norton filed for liquidation with assets of $117,000 and liabilities of $247,413. He is a physician operating as Roman Karpynec, M.D.P.C.
* Glen Richard Hammer, also known as Michael Hammer, of Ivanhoe filed for liquidation with assets of $595 and liabilities of $135,207. He said he is a self-employed entrepreneur and the former operator of Blue Ridge Doll House at Wytheville.
* Frederick Leon Thomas and Linda Marie Thomas of Radford filed for liquidation with assets of $21,611 and liabilities of $107,623. They said they are both self-employed, but did not list their occupations.
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