| Business Summary | | MEDJET
INC.
is
engaged
in
research
and
development
of
medical
technology.
MEDJET
expects
to
introduce
its
first
product
during
the
year
2001.
The
plan
for
the
Company
has
been
to
develop
products
based
on
its
platform
technology
and
then
to
license
these
until
its
income
is
adequate
to
support
manufacturing
and
marketing
activities
on
new
products.
The
initial
emphasis
has
been
on
ophthalmic
surgical
technology
and
equipment.
The
Company
has
developed
a
proprietary
patented
technology
platform
and
derivative
devices
for
vision-correction
surgery
of
the
cornea.
The
technology
is
based
on
small-diameter,
liquid
microjets
moving
at
various
speeds
above
supersonic,
depending
on
the
specific
application.
For
cutting,
the
beam
is
scanned
across
the
tissue
to
be
cut.
In
each
application,
the
scanned
microjet
beam
substitutes
for
lasers
or
conventional
metal,
sapphire
or
diamond
oscillating
blades. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Medjet
Inc.,
is
engaged
in
the
research
and
development
of
medical
technology
with
a
current
emphasis
on
ophthalmic
surgical
technology
and
equipment
and
has
developed
a
proprietary
technology
and
derivative
devices
for
corneal
surgery.
For
the
six
months
ended
6/30/01,
revenues
totaled
$101
thousand,
vs.
none.
Net
loss
fell
40%
to
$422
thousand.
Revenues
reflect
the
execution
of
a
research
and
cost
sharing
agreement.
Lower
loss
reflects
a
decrease
in
salaries. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Eugene Gordon, Ph.D., 70 Chairman
and CEO | $191K | Cheryl Blake, 37 Other | -- | Dollar
amounts are as of 31-Dec-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
|
|