| Business Summary | | Regency
Affiliates,
Inc.
has
an
80%
interest
in
National
Resource
Development
Corporation,
whose
principal
asset
consists
of
previously
quarried
and
stockpiled
inventory
located
at
a
mine
site
in
Michigan.
The
Company
also
has
a
limited
partnership
interest
in
Security
Land
and
Development
Company
Limited
Partnership
(the
Partnership).
The
Company's
other
subsidiaries
are
Rustic
Crafts,
Co.,
Inc.
and
Glas-Aire
Industries
Group,
Ltd.
The
Partnership
owns
the
34.3-acre
Security
West
complex
in
Woodlawn,
Maryland,
consisting
of
a
two-story
office
building
and
a
connected
six-story
office
tower.
Rustic
Crafts
International,
Inc.
is
a
manufacturer
of
decorative
wood
and
cast
marble
fireplaces,
mantels,
shelves,
fireplace
accessories
and
other
home
furnishings.
Glas-Aire
Industries
Group,
Ltd.
designs,
develops,
manufactures
and
sells
sunroof
deflectors,
hood
protectors
and
rear
air
deflectors
for
cars,
light
trucks
and
vans. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RAFF
is
the
parent
company
of
Glas-Aire
Industries
Group,
Ltd.,
Rustic
Crafts
International,
Inc.,
Security
Land
and
Development
Company
Limited
Partnership
and
National
Resource
Development
Corporation.
For
the
six
months
ended
6/30/01,
net
sales
rose
29%
to
$6.6
million.
Net
income
rose
50%
to
$1.2
million.
Revenues
reflect
increased
sales
generated
by
Glas-Aire.
Earnings
also
benefited
from
increased
income
from
equity
investment
in
partnerships. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Ponsoldt, Sr., 59 Chairman,
Pres and CEO | $705K | Jackie Teske, 50 Sec. | -- | 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
|
|