A couple of notes:
- this may actually still wind up being pretty much the company we bought into, given that this deal is likely one of few ways we wind up keeping Taylor Rigs. I still believe that once the bond is strengthened there again, magically and miraculously, we will start to see some things happening out of the traditional side of Taylor as well. Just with an additional diversified industry under our belts as well.
- a clipping from Canstock is included at the end of my post that may make for interesting reading if you are looking for more info on this new deal. Never hurts to have the additional coverage. Warren is also still around and has been keeping many people apprised of things thru the Stockman's Forum.
- Dave, I don't intend to sound patronizing, but I would like to know exactly how you figure an Internet venture would have tied together with this company. I don't see any connection. If you want an internet play, there are bundles of them out there, try BII for one. This is NOT an internet play and if you have been following a long time you will also know that there is no love loss between some of the people who have been involved with WRN and the Internet in general. So I wouldn't hold my breath, waiting for that particular change of direction.
Salut,
Leigh McBain
Canstock clipping:
WESTREND NATURAL GAS ( WRN - VSE )
(recent changes in management and focus)
On March 22, 1999, the company announced that it had entered into preliminary discussions with Majestic Companies, Ltd. a San Diego,
California based public company, regarding the acquisition by Westrend of the exclusive international distribution rights to Majestic's proprietary school bus passenger restraint system called "Safe-T-Bar".
Majestic debuted the Safe-T-Bar system at the National Association of Pupil Transportation" conference and trade show held in Austin, TX, November 1-5, 1998. Attendees at the show, which included school administrators, school bus contractors and officials from state Department of Education offices across the U.S., gave the product high marks and repeatedly expressed the notion that the Safe-T-Bar could very likely be the ideal solution to the hotly debated issue of whether or not to install a passenger restraint on the more than 450,000 school buses currently in service across the nation. The general sentiment echoed by many of the show's attendees concerning this issue was not really if, but when. These observations confirmed the company's research that standard lap style seat belts, while providing excellent passenger restraint characteristics for passenger cars, do not translate well to the school bus environment. During the
course of the show, representatives from over 150 school districts
expressed an interest in the company's pilot testing program, which is
scheduled to get under way during the first quarter of 1999.
The Safe-T-Bar is a heavily padded lap-bar restraint system, similar to the type of restraints commonly utilized on amusement park rides, which mounts easily onto all major OEM manufacturer's bus seat designs. The Safe-T-Bar patent pending design employs a weighted pendulum device (similar to the design of standard seat belt retractors) that activates a locking mechanism during the event of an accident, heavy braking, sudden changes in direction, or bus rollovers. An important characteristic of the system is that once the bus returns to a stable condition, the bar releases and the children are able to rapidly exit the bus.
The Safe-T-Bar is a durable, economical and comprehensive restraint system that unlike seat belts which are subject to vandalism and require active participation by the occupant to employ, will passively restrain all bus passengers and provide many years of maintenance free service. The market for a commercially accepted bus restraint product has been estimated to be in excess of $1 billion.
check out the following website for more information ....
safe-t-bar.com |
