major changes on royal purple web site, major retail locations added, many napa stores added, online store being built, like what mr. evans is doing
synerlec.com
cav
ps from retail locator in california, look who was added as distributor, boyd enterprises, hmmm
C a l i f o r n i a
Monument Car Parts
na
Antioch, CA 00000
925-754-6800
Roger Kraus Tires
2896 Grove Way
Castro Valley, CA 94546
510-582-5031
Boyd Enterprises
1900 Herndon Road
Ceres, CA 95307
209-538-8956
Creditors' Plan Would Oust Founder of Bankrupt California Firm Boyds Wheels
Sep. 23 (The Orange County Register/KRTBN)--SANTA ANA,
Calif.--Creditors of bankrupt Boyds Wheels Inc. filed a competing reorganization
plan Tuesday that would shut out founder Boyd Coddington.
The plan puts Automotive Performance Group
When Boyds Wheels filed its reorganization plan, Coddington said he hoped
to return to a streamlined company by year-end. Boyds filed for bankruptcy
in January with debts of $15 million.
"They (Automotive Performance) don't know a thing about the wheel business,"
Coddington said.
Bastian said in mid-August that Automotive approached Boyds Wheels with
a reorganization offer, but Boyds already had a plan. Bastian contacted
Tempe-based Automotive, which makes engines for race cars.
Under the competing plan, creditors would get a 17 percent stake in the
company instead of the 12 percent offered in the company's plan.
Either way, the new Boyds would make custom wheels, design hot rods and
sell auto-care products.
Lawyers for both plans said the company's biggest lender, City
National Bank, still supports the company's plan.
A bankruptcy court is expected to decide which plan will prevail by December.
By Diana McCabe -0- Visit The Orange County Register on the World Wide Web at
ocregister.com
(c) 1998, The Orange County (Calif.) Register. Distributed by Knight Ridder/Tribune
Business News. END!A10?OC-WHEEL
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