| Business Summary | | Intelli-Check,
Inc.
was
formed
to
develop,
manufacture
and
market
an
advanced
document
verification
system
to
enable
a
retailer
to
reduce
check
cashing,
credit
card
and
other
types
of
fraud,
which
principally
utilize
fake
driver
licenses
as
proof
of
identity;
determine
the
customer's
age
and
validity
of
the
ID
to
detect
and
prevent
the
use
of
fraudulent
identification
for
the
purchase
of
alcohol,
tobacco
and
other
age-restricted
products;
and
reduce
the
risk
to
the
retailer
of
substantial
monetary
fines,
criminal
penalties
and
license
revocation
for
the
sale
of
age-restricted
products
to
minors.
The
Company's
patented
ID-Check
technology
is
designed
to
provide
businesses
with
a
reliable,
simple
and
cost-effective
way
to
reduce
economic
loss
supported
by
fake
driver
licenses,
and
to
verify
age
and
reduce
the
risk
of
severe
penalties
for
non-compliance
with
laws
pertaining
to
age
restricted
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IDN
manufactures
and
markets
an
advanced
document
verification
system
to
determine
the
customer's
age
and
validity
of
the
ID
to
dectect
and
prevent
the
use
of
fraudulent
indentification.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$47
thousand
to
$475
thousand.
Net
loss
applicable
to
Com.
rose
35%
to
$1.8
million.
Revenues
reflect
the
initial
sales
of
ID-Check
terminals
and
terminal
accessories.
Higher
loss
reflects
higher
personnel-related
and
advertising
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Frank Mandelbaum, 67 Chairman,
CEO | $150K | Edwin Winiarz, 43 CFO,
Sr. Exec. VP, Treasurer, Director | 125K | W. Robert Holloway, 61 Sr.
Exec. VP of Sales | 115K | Russell Embry, 38 VP
and Interim CTO | 104K | Dollar amounts are as of 31-Dec-2000 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
|
|