| Business Summary | | Firstmark
Corp.
was
principally
engaged
in
the
business
of
issuing
title
insurance
through
a
subsidiary,
Southern
Title
Insurance
Corporation
(STIC)
from
June
1996
until
March
5,
1999.
The
Company
is
no
longer
engaged
in
the
title
insurance
business
formerly
conducted
by
STIC.
In
addition,
the
Company
has
liquidated
most
of
its
venture
capital
and
real
estate
assets.
The
Company
continues
to
liquidate
these
investments.
Since
March
5,
1999,
the
Company
has
devoted
substantial
effort
through
its
officers
and
directors
to
acquire
operating
assets
of
unaffiliated
businesses
and/or
merge
with
an
unaffiliated
operating
business.
The
Company
is
committed
to
becoming
engaged
in
operating
businesses
as
expeditiously
as
possible
and,
in
this
connection,
has
had
numerous
meetings
to
identify
and
evaluate
acquisition/merger
candidates. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Firstmark
is
seeking
to
acquire
operating
assets
of
unaffiliated
businesses
and/or
to
merge
with
an
unaffialated
operating
business.
For
the
three
months
ended
3/31/01,
revenues
fell
17%
to
$88
thousand.
Net
income
applicable
to
Common
totaled
$2
thousand
vs.
a
loss
of
$16
thousand.
Revenues
reflect
a
lower
amount
invested
at
a
lower
rate.
Net
income
reflects
a
decrease
in
accounting
expenses
and
lower
legal
and
other
fees. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Donald Cruickshanks, 42 Pres,
CEO, Chairman | $143K | Dollar amounts are as of 31-Dec-1999 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
|
|