| Business Summary | | Empire
Resources,
Inc.,
formerly
Integrated
Technology
USA,
Inc.,
is
a
distributor
of
a
range
of
semi-finished
aluminum
products
to
customers
in
the
transportation,
automotive,
housing,
appliance
and
packaging
industries
in
the
United
States,
Canada,
Australia
and
New
Zealand.
The
Company
was
previously
in
the
business
of
designing,
developing
and
marketing
products
for
emerging
computer-related
markets.
On
February
22,
1999,
the
Company
signed
an
agreement
to
merge
(the
Merger)
with
Empire
Resources,
Inc.
(Empire),
a
distributor
of
value-added,
semi-finished
aluminum
products.
The
Company
has
three
wholly
owned
subsidiaries,
Empire
Resources
Pacific
Ltd.,
Innovative
Technology,
Ltd.
and
CompuPrint
Ltd.
Both
Innovative
and
CompuPrint
are
incorporated
in
Israel
and
are
currently
inactive. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Empire
Resources,
Inc.
is
a
distributor
of
a
range
of
semi-finished
aluminum
products
to
customers
in
the
transportation,
automotive,
housing,
appliance
and
packaging
industries
in
the
U.S.,
Canada,
Australia
and
New
Zealand.
For
the
six
months
ended
6/30/01,
net
sales
rose
23%
to
$85.5
million.
Net
income
fell
5%
to
$829
thousand.
Results
reflect
the
increased
availability
of
material
from
a
principal
supplier,
partially
offset
by
lower
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| William Spier, 65 Chairman | $11K | Nathan Kahn, 45 Pres,
CEO, Director | 178K | Sandra Kahn, 42 VP,
CFO, Director | 83K | Harvey Wrubel, 46 VP
of Sales | 503K | 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
|
|