| Business Summary | | Rotary
Power
International,
Inc.
is
in
the
business
of
developing
and
manufacturing
rotary
engines
for
commercial
use.
The
Company
has
two
wholly
owned
subsidiaries,
Pegasus
Technologies,
Incorporated
(Pegasus)
and
E-Drive
Systems
Corporation
(E-Drive).
Pegasus
was
formed
as
a
Canadian
subsidiary
to
manufacture
rotary
engines
for
the
Company
in
quantity.
E-Drive
is
currently
inactive.
The
Company
intends
to
direct
its
product
development
and
manufacturing
to
three
commercial
areas
where
its
products
are
believed
to
have
intrinsic
advantages
over
reciprocating
engines:
marine
propulsion
and
shipboard
use;
energy
generation;
and
prime
movers
for
rotating
machinery,
such
as
pumps
and
compressors.
The
Company's
products
are
characterized
by
their
light
weight,
small
size,
and
ability
to
burn
a
variety
of
fuels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Rotary
Power
International
is
engaged
in
the
development,
demonstration
and
production
of
rotary
engines
capable
of
operating
on
a
variety
of
liquid
fuels
and
natural
gases.
For
the
six
months
ended
6/30/01,
revenues
fell
from
$31
thousand
to
$0.
Net
loss
before
extraordinary
item
increased
46%
to
$1.3
million.
Results
reflect
the
absence
of
product
sales,
an
increased
level
of
legal
and
accounting
expenses
and
the
elimination
of
bond
issuance
costs. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Virgil Wenger, 70 | Chairman | Ronald McKeown | interim
Pres, CEO, Director | Douglas Drew, 65 | VP-Fin.,
Treasurer, Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|