| Business Summary | | Karts
International
Incorporated,
through
its
wholly
owned
subsidiaries,
Brister's
Thunder
Karts,
Inc.,
USA
Industries,
Inc.,
Straight
Line
Manufacturing,
Inc.
and
KINT,
L.L.C.,
designs,
manufactures
and
distributes
recreational
fun
karts
(Fun
Karts),
also
referred
to
as
"go
karts,"
and
Mini
Bikes.
Fun
Karts
are
four-wheeled,
gas-powered
vehicles
typically
equipped
with
engines
of
five
to
13
horsepower
and
purchased
by
consumers
principally
for
off-road
recreational
use.
Mini
Bikes
are
two-wheeled,
gas-powered
vehicles
typically
with
engines
of
3.5
to
six
horsepower
and
purchased
by
consumers
principally
for
off-road
recreational
use.
The
Company
shipped
approximately
10,200
Fun
Karts
and
600
Mini
Bikes
to
dealers,
distributors
and
merchandisers
in
2000.
The
Company
operates
manufacturing
facilities
in
Roseland,
Louisiana. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Karts
International
Inc.,
through
its
subsidiaries,
designs,
manufactures
and
distributes
recreational
Fun
Karts,
also
referred
to
as
go
karts.
For
the
six
months
ended
6/01,
net
sales
decreased
48%
to
$1.5
million.
Net
loss
increased
68%
to
$3.1
million.
Revenues
reflect
a
decrease
in
the
number
of
karts
sold.
Higher
loss
also
reflects
higher
selling,
general,
and
administrative
costs,
along
with
increased
raw
materials
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Brister, 49 Chairman | $200K | Timotheus BenHarold, 38 Pres,
CEO, Director | -- | Edward Cook, 35 CFO,
VP | -- | Geoffrey BenRichard, 47 VP
of Legal Affairs, Sec., Director | -- | John Willms, 32 CIO | -- | 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
|
|