| Business Summary | | InterSystems,
Inc.,
through
its
wholly
owned
subsidiary,
Chemtrusion,
Inc.,
provides
various
outsourcing
services
to
the
petrochemical
industry,
including
research,
manufacturing
and
facilities
operations
for
major
multinational
companies.
Chemtrusion
offers
specialty
plastics
compound
processing
that
combines
thermoplastic
resins
with
various
additives
to
enhance
and
customize
plastic
materials
for
specific
end
uses.
Chemtrusion's
Indiana
division
is
a
dedicated
facility
(the
Mytex
facility)
providing
design,
construction
and
operating
services
exclusively
for
Mytex
Polymers,
a
joint
venture
of
ExxonMobil
Chemical
and
Mitsubishi
Chemicals
America.
In
addition
to
the
operations
of
Chemtrusion,
during
2000,
as
the
credit
and
capital
markets
for
small,
mid-size
companies
was
becoming
restricted,
the
Company
determined
to
embark
on
a
strategic
new
initiative
of
providing
capital
funding
for
small
and
mid-sized
enterprises. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | InterSystems
specializes
in
the
custom-compounding
of
thermoplastic
resins
for
the
petrochemical
and
automobile
industries.
II
also
designs,
manufactures,
and
sells
specialized
materials
handling
equipment.
For
the
six
months
ended
6/30/01,
net
sales
rose
from
$1
thousand
to
$83
thousand.
Net
loss
from
continuing
operations
totalled
$400
thousand,
up
from
$98
thousand.
Results
reflect
interest
earned
on
the
portfolio
of
structured
capital
placements,
offset
by
increased
SG&A
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Walter Craig, Jr., 46 | Pres,
CEO, Director | Daniel Murphy, 61 | Exec.
VP- Operations, CFO, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|