| Business Summary | | Bio
Plexus,
Inc.
is
engaged
in
the
design,
development
and
manufacture
of
safety
medical
products
used
by
healthcare
professionals.
The
Company
manufactures
and
sells
three
types
of
blood
collection
needles,
three
types
of
needle
holders
and
a
needle
disposal
container,
which
are
marketed
under
the
Punctur-Guard
and
Drop-It
trade
names.
The
safety
blood
collection
needle
utilizes
a
patented
technology
that
greatly
reduces
the
risk
of
accidental
needle
sticks
by
internally
blunting
the
needle
prior
to
removal
from
the
patient.
The
Company's
primary
focus
has
been
the
design,
development,
testing
and
evaluation
of
its
safety
blood
collection
needle,
and
the
design
and
development
of
the
molds,
machinery
and
systems
used
to
manufacture
the
blood
collection
needle.
In
March
2001,
The
Company
filed
a
voluntary
petition
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bio-Plexus,
Inc.
designs,
develops,
manufactures
and
sells
safety
medical
products,
focusing
on
its
Punctur-Guard
series
of
safety
blood
collection
needles.
For
the
six
months
ended
6/30/01,
revenues
rose
25%
to
$2.9
million.
Net
loss
fell
9%
to
$5.2
million.
Revenues
reflect
sales
incentives
offered
to
major
customers.
Lower
loss
reflects
decreased
interest
expenses
primarily
from
the
reduction
of
expenses
associated
with
the
closing
of
the
Permanent
Financing. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999
Compensation | | Pay | Exer | |
| Richard Ribakove, 45 Chairman | -- | -- | John Metz Pres, CEO, Director | -- | -- | Christopher Zorn Exec.
VP of Sales | -- | -- | Thomas Sutton, 40 Exec.
VP | $125K | $98K | Kimberley Cady, 34 VP,
Fin. and CFO | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|