| Business Summary | | American
Asset
Management
Corporation
conducts
its
business
through
two
wholly
owned
subsidiaries,
Capital
Financial
Corp.
(Capital)
and
American
Asset
Development
Corporation.
The
Company,
through
Capital,
is
primarily
engaged
in
mortgage
banking
activities,
which
involves
the
origination
and
sale
of
residential
first
mortgage
loans
collateralized
by
one-
to
four-family
homes.
The
Company's
service
area
is
the
State
of
New
Jersey.
As
of
March
30,
2001,
the
Company
owned
two
building
lots
in
its
Hunterdon
County,
New
Jersey,
real
estate
development
and
had
one
contract
of
sale
pending. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AAMC
conducts
business
through
its
two
wholly
owned
susidiaries,
Capital
Financial,
a
mortgage
banking
company,
and
American
Asset
Development,
which
is
engaged
in
the
development
of
residential
real
estate
for
sale
in
NJ.
For
the
six
months
ended
6/30/01,
revenues
totalled
$1.2
million,
up
from
$484
thousand.
Net
loss
fell
21%
to
$200
thousand.
Revenues
reflect
the
inclusion
of
land
sales.
Lower
loss
reflects
decreased
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Richard Gagliardi, 53 Chairman,
Pres and CEO | $111K | Lynn Gagliardi, 42 Exec.
VP, Sec. | -- | 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
|
|