Autozone Buys Property in Shawnee

THE JOURNAL RECORD, August 7, 1993 | Go to article overview

Autozone Buys Property in Shawnee


Autozone has purchased 2.2 acres in the 700 block of E. Independence in Shawnee for $147,250 from Lake Estate of Shawnee. Karl Sinclair and Jim Rose of Harrison Levy Co. in Oklahoma City and Bob Crothers of Century 21 Shawnee handled the transaction. Florafax Renews Agreement to Extend Credit

TULSA _ Florafax International Inc. has renewed an agreement with PNC Bank, Kentucky Inc. extending Florafax's $1.3 million secured credit and its credit card processing agreements. The Tulsa company agreed, as of Aug. 1, to deposit $50,000 monthly in a PNC interest bearing account to collateralize the extension of credit. Florafax also agreed to have on deposit with PNC at least $1 million on or before Nov. 15. PNC has agreed to further extend the company's credit card processing agreements to Nov. 15, 1994, on condition Florafax is in compliance with its renewed agreements with PNC.

Separately, Florafax announced that two of its directors, T. Craig Benson and William E. Mercer, have collectively exercised options to purchase 150,000 shares of the company's common stock. The company had 5,348,874 issued and outstanding common shares prior to the issuance of shares exercised by Benson and Mercer.

Florafax provides a nationwide wire service and related services to its member florists as well as full service credit card processing for thousands of U.S. businesses and professionals. Building Leased for VIP Pagers

A 2,850-square-foot building at 2234-2236 NW 39th St., owned by Bobby J. Darnell, has been leased for the headquarters of VIP Pagers. Expected move-in date is Sept. 1. David York operates VIP Pagers. Jill Davis-Collier with Jerry Hocker and Associates Inc. in Oklahoma City negotiated the lease. Business Communicators to Meet Thursday

The International Association of Business Communicators will meet from 11 a.m. to 1 p.m. Thursday at Metro Tech. Matthew Stratton of Tinker Credit Union and Jim Quillen and Linda Haneborg of Express Personnel Services will speak on finances for communications professionals. Discussion will cover different aspects of their involvement in financial planning. Cost is $10 for members and $15 for nonmembers. Bright Side to Open Office, Showroom

Bright Side Lighting, a manufacturer of high technology, energy efficient lighting systems, is opening a new office and showroom at 7210 N. Broadway Extension, Suite 204. The company manufactures lighting upgrade components that enable users to save 50 percent to 80 percent on electrical usage. Lester to Speak to Trade Association

Andrew Lester, attorney, will discuss his experiences in establishing a judicial system in Ukraine and Moldavia at a Tuesday luncheon meeting of the Oklahoma City International Trade Association. The buffet line is set to open at 11:45 a.m. at Applewoods, 4301 SW 3rd St., and the program is set to begin at 12:05 p.m. The cost is $10 for members and $13 for nonmembers. Small Business Group to Discuss Factoring

The National Small Business Chamber of Commerce will present a program on factoring at its Thursday luncheon meeting. Russell Foote of Sanco Financial Corp. will discuss the method of financing which turns accounts receivables into cash. The luncheon is set to begin at noon at Harvest Buffet, 3900 NW 63rd St. The cost is $7.50 for lunch, $3.50 for the program only. Grant Writing Workshop Scheduled

A grant writing workshop geared toward government organizations, private foundations and corporations is scheduled Thursday from 9 a.m. to 4:30 p.m. at the Oklahoma Department of Commerce. The session will be conducted by Ann Haworth and Cherie Scott, who have more than 20 years of combined experience as program planners, administrators, grant writers, fund-raisers and trainers.

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