Sports memorabilia store goes to trial

Article Abstract:

Electronic Boutique's lawsuit for violation of a noncompete agreement against Robert Rosenfeld, owner of Batters Box, has been scheduled for a hearing in Aug. 1998 by Delaware Chancery Court Judge Stephen Lamb. Rosenfeld made an agreement in 1995 not to compete for five years and within 100 miles with Prime Time Inc. after selling his memorabilia shop, Collector's Depot in Christiana, DE, to Prime Time. When Electronic Boutique acquired Prime Time, Rosenfeld, who said he thought he was no longer obligated by their noncompete agreement, opened Batters Box on Kirkwood Highway in Dec. 1997. Stuart Grant, the lawyer for Electronic Boutique, claims the noncompete contract was flexible enough to protect the subsidiary of Electronic Boutique's memorabilia shop, Brandywine Collectibles, in Bear, DE, where the former owners of Prime Time now work.

Comment:

Its lawsuit for violation of a noncompete agreement against Robert Rosenfeld has been scheduled for a hearing in Aug '98 in DE

Contracts & orders received, Misc Retail Stores, Miscellaneous Store Retailers, Retail trade, Specialty stores, Electronic Boutique

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Partners cross fingers for a June 12 opening

Article Abstract:

The Comfort Zone, a jazz bar and restaurant in Wilmington, DE, is scheduled to open finally on June 12, 1998, after about six times of postponed opening dates. The restaurant, located in 805 Shipley St. in downtown Wilmington, is the first business venture of partners Leonard Williams, Linda Polk and Greg Sterns. Polk is the only investors with a real night club management experience. Williams is a project manager for Ciba Specialty Chemicals in Newport, DE, while Sterns is a self-employed computer consultant. Delays in the opening have been caused by plumbing problems, application for a liquor license and other necessary inspection procedures.

Comment:

A jazz bar and restaurant in Wilmington, DE, is scheduled to open finally on 6/12/98. after about six times of postponed dates

Food Services and Drinking Places, Services introduction, Eating Places, Restaurants, Comfort Zone (Wilmington, DE)

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Rollins Truck posts record profits

Article Abstract:

Rollins Truck Leasing Corp. of Wilminton, DE, posted a 13% increase in profits for the fourth quarter of 1998 at $15.34 million, which is equivalent to 26 cents a share, compared to $13.58 million or 22 cents a share for the same period in 1997. Likewise, sales increased by 8% to $160.87 million as Rollins' 1998 fourth quarter results, compared to $148.54 for the same period in 1997. The revenues came from full-service lease, logistics, guaranteed maintenance and commercial rental. Rolllins' profits for its 1998 fiscal year grew 21% to $52.02 million, or 85 cents a share, compared with $42.79 million, or 68 cents a share in its fiscal 1997.

Comment:

Posts a 13% increase in profits for its 1998 4th quarter at $15.34 million, w/c is equivalent to 26 cents a share

Sales, profits & dividends, Truck Rent & Lease, Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing, Truck rental, Penske Truck Leasing Company L.P.

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