| Business Summary | | Advanced
Materials
Group,
Inc.,
through
its
subsidiaries,
develops,
manufactures
and
markets
a
wide
variety
of
industrial
products.
The
Company's
principal
subsidiary,
Advanced
Materials,
Inc.
(AM),
formerly
known
as
Wilshire
Advanced
Materials,
Inc.,
is
the
successor
to
a
45-year-old
business
that
converts
specialty
materials,
including
foams,
foils,
films
and
adhesive
composites
into
components
and
finished
products,
such
as
printer
cartridge
inserts
and
inking
felts,
disk
drive
gaskets,
automobile
air
conditioning
insulators,
water
and
dust
seals,
surgical
pads
and
applicators
for
the
medical,
electronics,
automotive
and
consumer
products
markets.
Advanced
Materials
Foreign
Sales
Corporation
Ltd.
was
formed
as
a
wholly
owned
subsidiary
of
AM
to
conduct
the
same
business
activities
in
the
Asian
market.
Advanced
Materials
Ltd.
was
formed
as
a
wholly
owned
subsidiary
of
the
Company
to
conduct
the
same
business
activities
in
the
European
market. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ADMG
develops,
manufactures,
and
markets
a
wide
variety
of
industrial
products.
They
convert
specialty
materials
including
foams,
films
and
adhesive
composits
into
components
and
finished
products.
For
the
six
months
ended
5/31/01,
sales
increased
1%
to
$19.9
million.
Net
loss
totalled
$2.1
million,
vs.
an
income
of
$517
thousand.
Results
reflect
increased
sales
to
computer
printer
manufactures
in
Ireland
offset
by
a
$1.4
million
restructuring
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Timothy Busch, 46 Chairman | -- | -- | Steve Scott, 56 Pres
and CEO | $253K | $15K | Gayle Arnold CFO | -- | -- | David Lasnier, 51 Sr.
VP and Gen. Mang. for Advanced Materials, Inc. | 195K | 34K | Tom Lane, 37 Chief
Exec., Europe, for AML | 179K | -- | Dollar
amounts are as of 30-Nov-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|