| | Business Summary | | Tower
Tech,
Inc.
is
in
the
business
of
manufacturing
and
selling
modular
cooling
towers.
The
Company's
TTEF
Series
cooling
tower
is
made
primarily
of
non-corrosive
materials,
and
is
sold
in
both
the
air
conditioning
and
industrial
segments
of
the
cooling
tower
market.
The
field
erected
TTCT
Series
modular
concrete
cooling
tower
was
introduced
in
1995
for
the
industrial
and
utility
segments
of
the
cooling
tower
market.
The
Company's
ThermoQuest
operating
unit
was
formed
in
late
1999
to
produce
extruded,
injection
molded
and
thermoformed
products
for
its
own
purposes
and
for
custom
projects
for
others. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Tower
Tech
builds,
repairs
and
upgrades
conventional
water
cooling
towers.
The
Company
also
develops
technology
for
the
Cooling
tower
industry.
For
the
nine
months
ended
8/31/00,
revenues
rose
17%
to
$13.7
million.
Net
loss
rose
from
$761
thousand
to
$2.2
million.
Results
reflect
increased
sales
of
modular
factory-assembled
cooling
towers.
Earnings
were
offset
by
the
absence
of
a
$6.7
million
sale
of
tower
rental
operations
and
income
tax
benefit. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Robert Brink, 45
Pres | $91K | Micah Curtis, 28
VP | -- | Charles Whitsitt, 52
Treasurer
and CFO | -- | Patty Poag, 55
Sec. | -- | | Dollar
amounts are as of 30-Nov-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
