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Sf7Y1 BY: 10-20-95 :12:56PM PASttA PUBLICATIONS-. III IIIIIIIIIIIII III 1/ 2 <br />999 <br />O X B ,O W P O W E R C O R P O R A T I O N <br />g f ,...- 31~-t.., <br />303 y~ s-o413 <br />FORIIVIIdEDI,PI.'I~ AFr u.A~r Caataot; pay 7ttlias <br />(407) 640 8712 1J <br />1 Lf/"t ~~~4 /~+ <br />OXBOR' CONSOLIDATES TRADING GROUPS / s ~ o ~ ~3Z <br />o`d~ <br />WEST PALM BP.A.CIi -- October L0, 1495 -- Wl'oiam I. Koch, ('hnim~sn o£ The Oxbow <br />Group, emlounccd the combination of Oxbaw~'s two trading compabiec, Oxbow Carboa <br />Iattaoaatiaoel end PeciSe Basin Rewurcew This conso}idatinn is eHtctive in~odiately. <br />The combined oolapanies wilA be called the Oxbow Carbon & Mineral Group (OC&h~. <br />"This otmaolidatiaa o£ out two vary alccoarfitl ttttd'mg businesses will allow the <br />resui<ibg orgtwiatiom to grow lsster, to be larger aad substantiaIly more pra8table then <br />either organization could have boon on its own," said Koch. The restl]tiag otganizatiaan <br />vn'fl Lave mibial aaminl sales of tt~toximattly SZ00 mtlh'oa <br />Whilo many oft>ze detst~e of rho ooasolid+iotiou wl~l bo ooatpldod in tho noxt few <br />months. the realtt ofthe tneaagemeat of the new entity has been fmttlized. <br />Bernard H. Charly will serve as Chairman and Qliaf Executive Ofilcer of the new OC&M <br />Ga~outp m t to hie role as Proidant >md Chief Opesabiag t~s+er o£ Olcbow Powez <br />Corporation. Brian A,ctoa, Pre~tident ofthe Co]orado-based Paoifio Basin Resources, w171 <br />now serve as Prasideat and C:hisf Operating Offwer of tklo mow OC&~ group- Reporting <br />to ]3rian Acton w111 be isny Blank and PatrickValetrtine as Exeoutiva Vioe <br />ost-It° brand fax transmittal memo 7671 +mw9++. <br />b C ~ rtAa <br />C. CO <br />4 ~4 <br />rpt Par f <br /> C- L <br />a`f 303-83 -810 FuN <br />. r.n Odw <br />wb~ nrewc., n.aafar <br />7Wyhw. +07'dy7.y00 1iiY N7/(N.ab7 <br />A1M H079r O%EOIi' ~ JX. <br />s.ld tM.w.,e l.rr 1. Cs~rw <br /> <br /> <br />