| Business Summary | | American
Coin
Merchandising,
Inc.
is
an
owner,
operator
and
franchiser
of
coin-operated
amusement
vending
equipment,
with
more
than
26,000
pieces
of
equipment
on
location.
Over
14,000
of
these
machines
are
skill-crane
machines
(Shoppes)
that
dispense
plush
toys,
watches,
jewelry,
novelties
and
other
items,
with
the
balance
of
the
amusement
vending
equipment
comprised
of
video
games,
kiddie
rides
and
bulk
vending
equipment.
For
up
to
50
cents
a
play,
customers
maneuver
the
skill-crane
into
position
and
attempt
to
retrieve
the
desired
item
in
the
machine's
enclosed
display
area
before
play
is
ended.
The
Company's
Shoppes
are
placed
in
supermarkets,
mass
merchandisers,
restaurants,
bowling
centers,
truckstops,
bingo
halls,
bars,
warehouse
clubs
and
similar
locations
(Retail
Accounts)
to
take
advantage
of
the
regular
customer
traffic
at
these
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AMCN
owns,
operates
and
franchises
coin
operated
skill
crane
machines
that
dispense
stuffed
animals,
plush
toys,
watches,
jewelry
and
other
items.
For
the
six
months
ended
6/30/01,
revenues
rose
11%
to
$69.4
million.
Net
income
rose
45%
to
$447
thousand.
Revenues
reflect
an
increase
in
the
average
number
of
shoppes
in
place.
Earnings
benefitted
from
a
decrease
in
depreciation
expense
and
lower
interest
costs
due
to
lower
level
of
borrowings. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Sullivan, 46 Chairman | -- | Randall Fagundo, 41 Pres,
CEO, Director | $238K | W. John Cash, 53 CFO,
Sr. VP, Sec. | 152K | Robert Kaslon, 36 Sr.
VP of Merchandising | 118K | 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
|
|