| Business Summary | | Check
Technology
Corporation
designs,
manufactures,
sells
and
services
computerized
financial
document
production
systems.
The
Company's
family
of
electronic
production
systems
are
used
in
both
cut-sheet
and
continuous
forms
production
environments.
These
systems
can
be
used
for
four
basic
applications:
folio
production,
insurance
claims,
fulfillments
and
disbursements.
Folio
production
includes
the
printing
of
checkbooks
and
financial
payment
coupon
books.
Insurance
claim
applications
consist
of
explanation
of
benefit
forms
and
insurance
claim
checks.
Fulfillment
applications
include
coupons
and
rebate
checks,
while
disbursement
applications
include
accounts
payable
checks
and
payroll
checks.
These
electronic
production
systems
enable
companies,
banks
and
government
customers
to
easily
and
quickly
transform
blank
paper
stock
into
fully
collated
checks
and
forms.
At
September
30,
2000,
the
Company
had
an
installed
base
of
432
systems
located
in
53
countries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Check
Technology
Corp.
is
engaged
in
the
design,
manufacture,
sale
and
service
of
computerized
financial
document
production
systems
that
can
collate,
personalize
and
encode
documents
into
packages
tailored
to
the
customer's
requirements.
For
the
nine
months
ended
6/30/01,
net
sales
rose
61%
to
$32.6
million.
Net
income
totaled
$1.1
million
vs.
a
net
loss
of
$196
thousand.
Results
reflect
increasing
Imaggia(TM)
and
PS
MICR
system
shipments
and
higher
gross
margins. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Jay Herman, 52 Pres
and CEO | $281K | R. Stephen Armstrong, 50 Exec.
VP, CFO, Director | -- | Dieter Schilling, 44 VP
of Operations and Customer Service | -- | Rob Barniskis, 36 CFO
and VP | -- | Bruce Malmgren VP
of Sales and Marketing | -- | Dollar amounts are as of 30-Sep-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
|
|