Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SATURDAY, March 27, 1993                   TAG: 9303270141
SECTION: BUSINESS                    PAGE: A-4   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Martha L. Ford of Roanoke, doing business as Crystal Clear Aquariums, an aquarium-cleaning firm, has asked for liquidation in U.S. Bankruptcy Court in Roanoke. She reported debt of $37,544 and assets of $29,565.

Other new business petitions include:

Harold W. Vaughn of Riner, trading as Vaughn Excavating: liquidation, estimating debt at less than $500,000 and assets at less than $50,000.

Jeffrey B. Arnold of Fries, previously doing business as Lone Star Service Station: liquidation, debt of $22,934 and assets of $7,800.

Helen M. Fleming, doing business as Helen's Trucking, Clintwood: a wage-earner plan, estimating debt and assets at less than $500,000. - Staff report

Lance building Roanoke warehouse

Lance Inc., a Charlotte, N.C.-based snack-food manufacturer, is building a warehouse on Rhodes Avenue in Roanoke. The 5,000-square-foot building will cost $117,000. Lionberger Construction is the contractor.

Branch Manager Ray Baughman said Lance's rented distribution center handles inventory for 10 delivery routes in the Roanoke Valley.

Lance, with operations in 36 states, has $500 million in sales nationally, $2.3 million in the Roanoke Valley. - Staff report

Briefly . . .

\ The Jack Smith Agency, a major Roanoke advertising firm, is closing. Smith said Friday he will join the staff of an international company outside the field of advertising. He declined to identify the company, but Smith said he will be based in Roanoke. The agency, with an office in the 2800 block of Brandon Avenue, was founded about seven years ago. It has won many awards in the local Addy and other contests.

\ A partnership headed by billionaire businessman John W. Kluge has signed a letter of intent to acquire majority ownership of Jimbo's Jumbos, a peanut processor with headquarters in Edenton, N.C. The deal is worth more than $33 million.

Earnings . . .

\ Heilig-Meyers Co., a Richmond-based home furnishings retailer with stores in the Roanoke Valley, said revenues for its fiscal year ended Feb. 28 rose 26.5 percent to $657.5 million from $519.9 million last year, while earnings rose 40.7 percent to $38 million from $27 million. Earnings per share rose 31.6 percent to $1.25 from 95 cents last year.