| Business Summary | | Amerityre
Corporation,
formerly
known
as
American
Tire
Corporation,
was
organized
to
take
advantage
of
existing
proprietary
and
nonproprietary
technology
available
for
the
manufacturing
of
flat-free
specialty
tires.
The
Company
is
considered
a
development
stage
company.
Since
inception,
the
Company
has
developed
additional
proprietary
technology
relating
to
"flat
free"
tires
and
tire-wheel
assemblies
so
that
the
Company
has
completed
the
fundamental
development
of
the
process
to
manufacture
flat
free
bicycle
and
lawn
and
garden
tires.
The
Company
believes
that
its
technology
allows
it
to
produce
Products
that
offer
the
same
safety
and
ride
as
the
traditional
pneumatic
tire,
at
competitive
prices,
without
the
associated
problems
resulting
from
a
flat
tire. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Amerityre
Corporation
is
a
development
stage
company,
and
it
intends
to
engage
in
manufacturing,
marketing,
distribution,
and
sale
of
airless
specialty
tires
and
tire-wheel
assemblies.
For
the
nine
months
ended
3/31/01,
net
sales
rose
40%
to
$86
thousand.
Net
loss
totaled
$2.4
million,
up
from
$1.2
million.
Results
reflect
a
shift
in
marketing
from
OEM
to
direct
sales
and
the
introduction
of
bicycles,
offset
by
increased
personnel
and
consulting
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Steinke, 58 Chairman,
CEO | $210K | James Moore, Jr., 52 COO,
VP-Operations | -- | David Martin, 56 VP
of Sales and Marketing | -- | David Griffiths, 63 CAO,
Treasurer | -- | Dollar amounts are as of 30-June-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
|
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