The key to MGAS is the electronic gas meter division, Meteretek.
They just sold the gas filling business, which is great, and will concentrate on the meter and flow business. This co. has great
appreciation potential. WJ
The Company ended the year with net working capital of $6,391,239, minimal long-term debt and
$17,292,487 in shareholders' equity, or an accounting book value of $1.41 per share compared to
$1.56 per share at the end of 1995.
Marcum Natural Gas Services operates through four wholly-owned subsidiaries: Marcum Fuel
Systems, Inc., a full-service provider of compressed natural gas refueling stations and related
products; Southern Flow Companies, Inc., a large independent natural gas measurement services
company; Metretek, Incorporated, a manufacturer and supplier of electronic natural gas meter
monitoring and data collections systems; and Marcum Gas Transmission, Inc., which pursues
acquisitions of natural gas gathering, processing and transportation facilities and related assets. |
