| Business Summary | | North
American
Technologies
Group
Inc.'s
principal
business
is
the
manufacture
and
marketing
of
the
TieTek
technology
through
its
TieTek
subsidiary.
The
initial
product
is
a
composite
railroad
crosstie
that
was
conceived
as
a
direct
substitute
for
wood
crossties,
but
with
a
longer
life
and
with
several
environmental
advantages.
The
TieTek
crosstie
has
been
successfully
tested
by
a
number
of
U.S.
railroads
and
independent
laboratories.
Since
the
first
track
installation
in
March
1996,
several
thousand
TieTek
crossties
have
been
installed
under
track
in
a
variety
of
load
and
environmental
conditions
where
they
continue
to
meet
performance
expectations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NATK
acquires
and
develops
businesses
based
on
technologies,
manufacturing
processes
and
defensible
market
niches
to
commercially
develop
and
provide
products
services
and
licensing
agreements
to
customers.
For
the
three
months
ended
3/31/01,
revenues
totalled
324
thousand,
up
from
3
thousand.
Net
loss
app.
to
Com.
fell
14%
to
$634KM.
Revenues
reflect
increased
production
of
crossties.
Lower
loss
reflects
payment
received
on
a
note
receivable
and
an
expired
lease
obligation. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
454;
after
tax
earnings
were
-798. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Douglas Williamson, 49 Chairman
of Directors | -- | Henry Sullivan, Ph.D., 61 Pres,
CEO | $208K | John Bingham, 47 Acting
CFO | -- | 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
|
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