| Business Summary | | Flooring
America,
Inc.
operates
and
franchises
one
of
the
largest
flooring
distribution
networks
in
North
America.
The
Company
has
grown
its
franchise
network
to
include,
as
of
May
1,
2000,
627
franchise
members
in
49
states,
plus
Canada,
operating
486
Flooring
America
(or
CarpetMAX)
stores,
117
GCO
Carpet
Outlet
stores
and
231
CarpetsPlus
stores.
Under
the
Company's
MaxCARE
system,
franchisees
offer
carpet
cleaning,
upholstery
cleaning,
wood
refurbishing
and
related
services
to
both
individuals
and
businesses. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Flooring
America
and
subsidiaries
are
engaged
in
retail
and
commercial
sales
of
floorcovering
products.
The
Company
is
also
engaged
in
the
sale
of
franchises
for
the
retail
floorcovering
industry
and
other
related
products
and
services.
For
the
fiscal
year
ended
2/5/00,
revenues
increased
15%
to
$762.8
million.
Net
loss
before
extraordinary
items
totalled
$65.5
million,
up
from
$19.2
million.
Results
reflect
acquisitions,
offset
by
the
absence
of
$24.9
million
in
gains
from
the
sale
of
Image. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Michael Worrall Pres,
CEO | -- | Stephen Coburn, 49 CFO | $248K | Donald Burke, 44 VP,
Controller | -- | Michael DeGrace, 54 Pres
- MaxCARE Franchise Divisions | 389K | Paul Renn, 45 Pres--Flooring
America Retail Division | -- | Dollar amounts are as of 31-Jan-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
|
|