| Business Summary | | Work
Recovery,
Inc.
was
engaged
in
the
development,
manufacture,
distribution
and
sale
of
the
ERGOS
System,
which
measures
the
functional
capacity
of
workers
and
addresses
the
needs
of
the
injured
workers'
rehabilitation
industry.
This
business
was
pursued
in
three
areas:
the
development,
manufacture,
distribution
and
sale
of
ERGOS
Systems
directly
by
the
Company;
consulting
services,
and
the
delivery
of
marketing
and
other
services
to
ERGOS
network
providers.
On
May
29,
1996,
Work
Recovery
and
its
wholly
owned
subsidiary
Work
Recovery
Centers,
Inc.,
filed
voluntary
petitions
in
the
United
States
Bankruptcy
Court
for
the
District
of
Arizona
for
protection
from
creditors
to
reorganize
under
Chapter
11
of
Title
11
of
the
United
States
Bankruptcy
Code.
As
of
August
1,
1998,
the
Company
terminated
its
remaining
employees
and
ceased
doing
business.
The
Company
has
no
remaining
assets
and
has
now
ceased
all
operations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Work
Recovery,
Inc.
is
engaged
in
the
manufacture,
distribution
and
sale
of
the
ERGOS
System
which
measures
the
functional
capacity
of
workers
and
addresses
the
needs
of
the
injured
workers'
rehabilitation
industry.
For
the
nine
months
ended
3/31/98,
net
revenues
fell
53%
to
$667
thousand.
Net
loss
before
extraordinary
item
decreased
95%
to
$1.7
million.
Results
reflect
sale
of
the
Company's
remaining
clinic
services
centers,
offset
by
the
absence
of
reorganization
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Dorcas Hardy, 51 Chairman
of Director and CEO | $408K | Vernon Schweigert, 58 Pres
and COO | -- | Mark Dakos, 42 VP
- Gov.al Affairs | 210K | John Banks, 51 VP
of R&D | 146K | Dollar amounts are as of 30-June-1997 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
|
|