Z-Coil to expand operations - 2003-06-03 - New Mexico Business Weekly: "Albuquerque-based footwear manufacturer, Z-Tech Inc. (d/b/a Z-Coil Footwear), announced that it has executed a purchase agreement to acquire land at 501 Eubank NE in order to accommodate for its record sales growth.
Under the agreement, Z-Coil would acquire an 11,274-square-foot, two-story office building on 1.8 acres of land at the Eubank location. The company also plans to build an additional 12,500 square-feet of warehouse space and 2,500 square feet of additional showroom space on the land.
'We needed more administrative space,' says Thomas Clausen, chief financial officer for Z-Coil. 'We don't have enough room [at our current location], so we decided to increase our infrastructure.'
Consolidated sales for the privately held company's fiscal 2003 third quarter ending March 31 were about $1.7 million, compared to $820,000 during the same period last year. "