| Business Summary | | REFAC
is
a
consulting
firm
with
expertise
in
product
development,
graphic
design
and
communications,
and
licensing.
In
addition
to
its
fee-for-service
consulting
business,
the
Company
seeks
opportunities
to
invest
the
industrial
and
graphic
design
services
of
REFACDesign
and
the
licensing
capabilities
of
REFAC
Licensing
in
new
product
development
ventures
involving
brands
and/or
technologies.
In
such
instances,
the
Company
shares
in
the
cost
and
risk
of
brand
and
product
development
in
return
for
future
royalties
or
venture
equity.
An
example
of
such
an
investment
is
its
formation
of
REFAC
Consumer
Products,
Inc.
(RCP)
and
the
acquisition
of
manufacturing
and
marketing
licenses
from
MTV
Consumer
Products
(electronic
music
products),
Pennzoil
(automotive-related
products)
and
Volkswagen
(New
Beetle
clock
radio,
sport
radio
and
travel
alarm
clock). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | REFAC
establishes,
acquires,
and
administers
international
manufacturing
licenses
and
joint
ventures
involving
the
products
and
related
technologies,
often
patented
or
trademarked,
of
its
clients.
For
the
six
months
ended
6/30/01,
revenues
fell
23%
to
$7.1
million.
Net
income
fell
54%
to
$833
thousand.
Revenues
reflect
decreased
creative
consulting
services
fee
revenues.
Earnings
also
reflect
costs
associated
with
the
Launch
of
the
MTV
product
line. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Robert Tuchman, 58 Chairman,
Pres, CEO and Gen. Counsel | $352K | Bert Heinzelman, 46 Sr.
VP | 225K | Raymond Cardonne, Jr., 34 VP,
Sec., CFO, Treasurer | 160K | 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
|
|