| Business Summary | | Open
Plan
Systems,
Inc.
(OPSI)
remanufactures
and
markets
modular
office
work
stations.
The
Company
operates
remanufacturing
facilities
in
Richmond,
Virginia,
and
Lansing,
Michigan.
OPSI
purchases
used
work
stations
from
end
users,
brokers
and
dealers
and
transports
the
work
stations
to
its
facilities
in
Richmond
and
Lansing.
The
work
stations
are
disassembled,
inventoried
by
usable
component
parts
and
stored.
OPSI
then
restores
the
used
work
stations
through
the
remanufacturing
process
to
meet
specific
customer
needs.
The
Company
sells
work
stations
primarily
through
15
Company-owned
direct
sales
offices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Open
Plan
Systems,
Inc.
is
engaged
in
the
restoration,
remanufacturing,
manufacturing
and
marketing
of
modular
office
Work
Stations.
For
the
six
months
ended
6/30/00,
revenues
decreased
9%
to
$18
million.
Net
loss
totalled
$9.3
million,
up
from
$143
thousand.
Revenues
reflect
a
general
softening
of
the
economy
which
impacts
sales
across
the
industry.
Higher
loss
also
reflect
$4.7
million
in
operational
restructuring
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Anthony Markel, 59 Chairman | -- | Timmouthy Zemer, 32 VP-Operations | $107K | Stephen Hindle, 44 VP
of Sales and Marketing | 118K | Robert O'Neil, Jr., 51 VP
- National Accounts | 134K | 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
|
|