| Business Summary | | Interstate
General
Company
L.P.
(ICG)
is
involved
in
real
estate
development
and
waste-disposal
services
through
Interstate
Waste
Technologies,
Inc.
(IWT)
and
Caribe
Waste
Technologies,
Inc.
(CWT).
The
Company
and
its
predecessors
have
developed
land
for
more
than
13,000
housing
units,
several
shopping
centers
and
other
commercial
and
retail
uses.
IWT/CWT's
business
plan
is
to
develop
and
operate
waste-disposal
projects
using
a
technology
licensed
from
Thermoselect
S.A.,
a
Swiss
Company.
Project
development
efforts
are
worldwide.
IWT/CWT
has
the
right
to
develop
projects
using
the
Thermoselect
technology
in
North,
Central,
and
South
America
and
for
selected
other
projects
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IGC
is
primarily
engaged
in
the
business
of
community
development,
ownership,
development
and
management
of
apartment
rental
properties,
and
homebuilding.
For
the
three
months
3/31/01,
revenues
fell
60%
to
$349
thousand.
Net
loss
from
continuing
operations
applicable
to
General
Partners
totaled
$1
million,
up
from
$112
thousand.
Revenues
reflect
an
decrease
in
land
development
sales
at
Westbury.
Higher
losses
reflect
decreased
gross
profit
due
to
higher
direct
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,621;
after
tax
earnings
were
-942. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| James Wilson, 66 Chairman
and CEO | $510K | Mark Augenblick, 53 Pres,
COO, Director | 460K | Francis Campbell, 59 Pres,
IWT and CWT | 175K | Paul Dillon, 39 VP,
CFO | 25K | Larry Liddle, 56 VP,
IWT and CWT | 110K | 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
|
|