| Business Summary | | Electronic
Retailing
Systems
International
Inc.
develops
and
provides
electronic
shelf
label
(ESL)
systems
designed
to
allow
supermarket
chains
and
other
retailers
to
increase
productivity,
reduce
labor
costs
and
improve
management
information
systems.
The
ERS
ShelfNet
system
has
been
designed
as
a
productivity-enhancing
center
store
automation
system,
which
replaces
paper
price
tags
on
retail
shelves
with
electronic
liquid
crystal
display
units
and
provides
a
suite
of
applications
to
enhance
a
retailer's
pricing,
inventory,
shelf
management,
merchandising
and
promotional
activities.
Each
ERS
ShelfNet
System
generally
consists
of
up
to
30,000
ESLs
and
the
necessary
communication
and
support
infrastructure
to
link
the
ESLs
with
the
store's
central
computer
and
point-of-sale
systems.
The
Company's
new
generation
system
consists
of
various
components
including
Electronic
Shelf
Label,
Spread
Spectrum
Wireless
Network,
Communication
Hub,
System
Controller
and
Software
System. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Electronic
Retailing
Systems
develops
and
supplies
electronic
shelf
labeling
systems
which
replace
paper
price
tags
on
retail
shelves
with
liquid
crystal
display
labels
and
transmit
pricing
and
other
information
to
and
from
the
aisle.
For
the
six
months
ended
6/30/01,
revenues
rose
20%
to
$3.1
million.
Net
loss
before
extraordinary
item
fell
40%
to
$6.7
million.
Revenues
reflect
increased
sales
activity.
Lower
loss
also
reflects
decreased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Norton Garfinkle, 69 Chairman | -- | Michael Persky, 36 Pres
and COO | $235K | Bruce Failing, Jr., 51 Vice
Chairman, CEO | 150K | Jerry McAuliffe, 36 VP,
CFO | -- | Paul Lavoie, 39 VP
of Sales | 180K | Dollar amounts are as of 31-Dec-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
|
|