| Business Summary | | Pace
Medical,
Inc.
is
principally
engaged
in
the
design,
manufacture
and
sale
of
single-
and
dual-chamber
temporary
cardiac
pacemakers,
a
dual-chamber
pacing
analyzer,
percutaneous
lead
introducers,
heartwires,
surgical
and
temporary
pacemaker
extension
cables
and
related
accessories.
The
Company's
acquisition
of
APC
Medical
Ltd.
in
1985
provided
it
with
a
foreign-based
manufacturing
operation
and
an
international
marketing
and
sales
presence
through
a
network
of
sales
representatives
and
distributors
in
the
United
Kingdom,
Europe
and
other
world
markets.
APC
Medical
markets
the
Company's
products
outside
the
United
States
and
Canada
under
the
APC
Medical
name.
A
pacemaker
is
an
electronic
device
that
stimulates
an
impaired
heart,
thereby
causing
it
to
beat
at
a
rate
that
will
meet
normal
bodily
demands. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pace
Medical
designs,
manufactures
and
markets
single
and
dual-chamber
temporary
cardiac
pacemakers,
dual-chamber
pacing
analyzer,
percutaneous
lead
introducers,
heartwires,
surgical
and
temporary
extension
cables
and
related
accessories.
For
the
three
months
ended
3/31/01,
net
sales
fell
10%
to
$394
thousand.
Net
income
fell
58%
to
$35
thousand.
Revenues
reflect
decreased
orders
from
OEM
accounts.
Net
loss
also
reflects
a
lower
gross
margin
due
to
higher
fixed
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Ralph Hanson, 72 Chairman,
Pres, CEO and Treasurer | $139K | Drusilla Hays, 51 VP
and Clerk | -- | 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
|
|