| Business Summary | | USTMAN
Technologies,
Inc.
was
primarily
engaged
in
providing
leak
detection
services
to
owners
and
operators
of
underground
storage
tanks
by
analyzing
the
inventory
of
a
tank
to
determine
whether
the
tank
is
leaking.
This
was
accomplished
using
proprietary,
certified
software
and
highly
trained
individuals.
This
method
of
leak
detection
is
known
as
statistical
inventory
reconciliation,
or
SIR.
In
addition
to
providing
statistical
inventory
reconciliation
services,
the
Company
licensed
fuel
management
software
and
sold
related
fuel
management
products
including
in-tank
automatic
tank
gauges,
network
data
gathering
equipment
and
cathodic
protection
(a
form
of
corrosion
protection)
for
underground
storage
tanks.
As
a
result
of
completing
the
sale
of
all
its
assets
to
Veeder-Root
Service
Company,
the
Company
no
longer
has
any
business
operations,
and
plans
to
terminate
executive
management
and
employee
positions. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | USTMAN
Technologies,
Inc.
provides
environmental
services
to
owners
and
operators
of
underground
storage
tanks
in
the
U.S.
and
abroad.
These
services
include
statistical
inventory
reconciliation
and
other
monitoring
methods.
For
the
nine
months
ended
3/31/01,
revenues
fell
72%
to
$1.5
million.
Net
income
totalled
$4.4
million,
up
from
$236
thousand.
Revenues
reflect
a
decrease
in
the
customer
base.
Earnings
were
offset
by
the
inclusion
of
a
$7.9
million
gain
on
asset
sale. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Barry Rosenstein, 41 Co-Chairman | -- | Marc Weisman, 46 Co-Chairman | -- | Dan Cook, 49 Pres,
CEO | $248K | James Grant, 49 VP,
Corp. Devel. | 90K | Dollar amounts are as of 30-June-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
|
|