| Business Summary | | Laser
Recording
Systems,
Inc.
was
a
developer
and
marketer
of
integrated
optical
disk-based
imaging
systems
and
large
network
document
management
systems,
which
it
marketed
primarily
to
the
pharmaceutical
industry
in
the
United
States
and
Europe
and
to
users
of
litigation
support
applications.
In
1993,
the
Company
commenced
an
orderly
winding
up
and
liquidation
of
its
assets,
which
it
completed
substantially
in
1994.
It
has
been
inactive
since
that
date,
and
has
commenced
searching
for
a
merger
with
an
operating
entity.
The
Company
ceased
operations
on
October
31,
1993,
and
laid
off
all
its
employees
on
August
16,
1993.
From
October
31,
1993
to
January
7,
2000,
the
Company
did
not
file
any
reports
with
the
Securities
and
Exchange
Commission. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Laser
Recording
Systems
was
a
developer
and
marketer
of
integrated
optical
disk-based
imaging
systems
and
large
network
document
management
systems.
The
Company
ceased
operations
in
1993
and
is
currently
searching
for
a
merger
with
an
operating
entity.
For
the
three
months
ended
4/30/01,
revenues
totalled
$0.
Net
loss
increased
31%
to
$2.5
million.
Results
reflect
the
Company's
lack
of
active
operations
and
costs
related
to
pursuing
a
potential
merger
candidate. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Carl Lanzisera, 61 | Chairman,
Treasurer | Walter Hinchcliffe, 68 | Pres,
Director | Carrie Niemiera, 38 | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|