| Business Summary | | Capital
Title
Group,
Inc.
acts
as
the
parent
holding
company
for
Capital
Title
Agency,
Inc.
and
New
Century
Title
Company.
Through
its
subsidiaries,
the
Company
is
an
independent
title
agency
directly
providing
escrow
services,
and
derives
revenue
from
providing
title
search
services
and
issuing
title
insurance
policies
on
behalf
of
the
underwriter.
In
its
capacity
as
a
title
agency,
the
Company
provides
title
insurance
services
pursuant
to
Underwriting
Agreements
with
each
of
these
underwriters,
which
state
the
conditions
wherein
the
Company
is
authorized
to
issue
a
title
insurance
policy
on
behalf
of
the
underwriter
and
prescribe
the
circumstances
wherein
the
Company
may
be
liable
to
the
underwriter
if
a
policy
loss
is
attributable
to
errors
made
by
the
Company.
The
Company
is
licensed
to
conduct
business
in
three
counties
in
Arizona
and
10
counties
in
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CTGI
provides
escrow
services
and
title
search
services
and
issues
title
insurance
policies
to
the
real
estate
industry
in
parts
of
Arizona
and
California.
For
the
six
months
ended
6/30/01,
revenues
rose
68%
to
$29.9
million.
Net
income
totalled
$2.6
million
vs.
a
loss
of
$1.1
million.
Revenues
reflect
the
Company's
expansion
of
its
branch
offices,
increased
market
share
and
a
favorable
real
estate
market.
Net
income
also
benefited
from
improved
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Head, 65 Chairman,
CEO, Pres | $212K | Mark Walker, 40 CFO,
VP, Treasurer | 128K | Milton Ferrantelli, 52 Exec.
VP | 238K | Dale Head, 65 Gen.
Counsel, Exec. VP, Sec. | 158K | 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
|
|