| Business Summary | | Interstate
National
Dealer
Services,
Inc.
designs,
markets
and
administers
service
contracts
and
warranties
for
new
and
used
motor
vehicles
and
recreational
vehicles
and,
to
a
lesser
extent,
watercraft,
motorcycles
and
other
vehicles.
A
service
contract
may
be
sold
by
either
the
seller
originating
the
sale
of
the
vehicle;
the
financial
institution
financing
the
sale
of
the
vehicle;
or
other
entities,
including
the
Company,
which
sell
the
contract
to
the
owner
of
the
vehicle
after
the
vehicle
has
been
purchased.
A
vehicle
service
contract
provides
for
the
replacement
or
repair
for
a
specific
term
designated
vehicle
parts
in
the
event
of
a
mechanical
breakdown.
Each
seller
pays
a
net
rate
for
each
service
contract
or
warranty
the
Company
sells. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ISTN
designs,
markets
and
administers
service
contracts
and
warranties
for
new
and
used
motor
vehicles,
recreational
vehicles,
watercraft,
motorcycles
and
other
vehicles.
For
the
six
months
ended
4/30/01,
revenues
fell
3%
to
$27.6
million.
Net
income
from
continuing
operations
rose
15%
to
$1.2
million.
Results
reflect
a
decrease
in
the
number
of
service
contracts
accepted
for
administration
by
the
Company
in
fiscal
2001.
Net
income
reflects
higher
investment
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Chester Luby, 69 Chairman,
CEO | $478K | -- | Cindy Luby, 46 Pres,
COO, Director | 304K | -- | Zvi Sprung, 51 CFO,
Treasurer and Sec. | 110K | -- | Lawrence Altman, 53 Sr.
VP, Marketing | 248K | $16K | Dollar
amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|