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Regency Affiliates, Inc.
A Growing and Diversified Company
Regency Affiliates, Inc. (RAFI) is a publicly traded, fully
reporting, parent company of several subsidiary business
operations:
Regency is more than 50 years old. It was reorganized as a Delaware corporation
in 1987 to be the successor to Transcontinental Oil Corporation, which existed
since 1947.
Regency owns a partnership interest in the Security Land and
Development Company Limited Partnership. The Partnership owns a two story
office building and a connected six story office tower occupied by the United
States Social Security Administration Office of Disability and International
Operations under a fifteen year lease, expiring in 2018.
On April 30, 2004, Regency, through a newly-formed, wholly-owned subsidiary called Regency Power Corporation, a Delaware corporation, acquired a 50% membership
interest in MESC Capital, LLC, a Delaware limited liability company, from
DTE Mobile, LLC. MESC Capital was formed to acquire all of the membership interests in Mobile Energy Services Company, LLC. Mobile Energy owns an on-site energy facility that supplies steam
and electricity to a Kimberly-Clark tissue mill in Mobile, Alabama.
Regency owns , through it 75% owned subsidiary, 80% of National Resource Development
Corporation which has as its principal asset approximately 70 million + short
tons of previously quarried and stockpiled rock ("aggregate") located
at the site of the Groveland Mine in Dickinson County, Michigan.
Regency's primary goal is to create value for the common
shareholders. To accomplish this primary goal, Regency has set three objectives
for the next four years:
- The Company intends to grow in an orderly fashion through acquisitions and
strategic alliances as well as expansion of its interests;
- List Regency's common stock on the NASDAQ, New York, or American Stock
Exchange once the appropriate thresholds have been achieved, and
For Further information, please review the Company’s public
filings.
© Copyright 1998-2004 Regency Affiliates, Inc. All rights reserved.
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