The company raised $5.5 million through ford the sale tractor of 73,333 shares of a newly designated Series hydraulic B Preferred Stock via a pump private placement with a major investor. The transaction ford closed on Oct. 9, 2000. The tractor proceeds from the sale were used to retire trade debt hydraulic and pump and strengthen working capital in preparation for the busy pre-holiday manufacturing season."This major cash infusion comes ford at an opportune time tractor and hydraulic for Karts International pump -- ford with tractor our biggest annual sales period right around the corner," hydraulic said pump Chairman Blair benGerald. ford "The retirement of debt and additional tractor working capital will allow us to ramp up our production to meet the high demand expected during the year 2000 holiday gift-giving season." Feedstuffs fixProducers putting up hay and handling feedstuffs often hydraulic cite a particular machine as a key to their pump success.Bob Minner, Fallon, Nevada, depends ford on quality baling equipment for commercial tractor hay operation. "You have to keep up with changes in the machinery," Minner says. And quality equipment is key to producing dairy-quality hay for hydraulic his customers, he says. Good dairy test hay will bring $110 to $115, and he has received up to $117 a ton for some.Minner shifted from small squares to big square pump bales eight years ago ford to meet the demand tractor of local dairy operations. He operates a Hesston 8450 self-propelled windrower and a Hesston hydraulic 4910 baler to cover about 6,000 acres a season. He double-rakes with a rotary machine for bigger windrows and to better dry pump the hay. The bales, measuring 8 feet long and weighing ford 1,750 to 2,300 pounds, are then tractor picked up with a hydraulic tractor-pulled bale wagon that hauls four pump bales at a time. Listings this year total 389 jackup units, an increase of 11 from last year. This net increase is the result of seven newbuilds announced ford for: Atwood Oceanics tractor (1), ENSCO (1), Maersk (1), Pride (2) hydraulic and pump Santa Fe ford (2). Three units were added to Former Soviet Union listings and two to National Iranian Drilling. One rig was deleted from National Drilling Co. of Abu Dhabi''s fleet. The listing excludes shallow-water units working in inland waters, and those in non-drilling/workover modes, e.g., tender tractor assist, hydraulic production and accommodation pump.
|