| Business Summary | | ConMat
Technologies,
Inc.
is
converting
to
an
e-business
platform
providing
business-to-business
Internet
capability
for
its
wholly
owned
subsidiaries.
ConMat
is
not
an
operating
company
and
does
not
have
significant
assets
or
conduct
significant
business
except
through
its
wholly
owned
subsidiary.
In
December
1998,
the
Company
acquired
100%
of
the
common
stock
of
Polychem
Corporation
from
The
Eastwind
Group,
Inc.
ConMat's
strategy
is
to
provide
a
corporate
structure
and
e-commerce
platform
that
optimizes
the
business
potential
of
acquired
or
developed
products
and
companies
through
conversion
to
fast,
flexible
organizations
with
an
e-business
customer
focus.
The
Company
is
focused
on
material
technologies
with
an
emphasis
on
proprietary
custom-engineered
plastics
and
composite
products
sold
to
industrial
end
users.
Product
categories
emphasized
include
those
that
make
the
environment
cleaner,
operations
safer
and
improve
operating
efficiencies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ConMat
Technologies,
Inc.
is
in
the
process
of
converting
to
an
e-business
platform
providing
business-to-business
Internet
capability
for
its
wholly
owned
subsidiaries.
For
the
three
months
ended
3/31/01,
revenues
rose
10%
to
$3.6
million.
Net
loss
applicable
to
Common
totalled
$12
thousand
vs.
an
income
of
$23
thousand.
Results
reflect
Polychem's
efforts
to
increase
market
penetration
internationally,
offset
by
increased
cost
of
goods
sold. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Paul DeJuliis, 44 CEO,
Sec. and Chairman of Directors | $170K | Richard Shutte Pres | 53K | William Crighton, 54 VP
and Treasurer | 88K | J. Hannum VP of Product Devel. and Support of Polychem | 102K | 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
|
|