| Business Summary | | National
Auto
Credit,
Inc.
owns
a
50%
interest
in
Angelika
Film
Center,
LLC
(AFC).
AFC
is
the
owner
and
operator
of
the
Angelika
Film
Center,
which
is
a
multiplex
cinema
and
cafe
complex
in
the
Soho
District
of
Manhattan
in
New
York
City.
The
Company
purchased
the
50%
membership
interest
in
AFC
on
April
5,
2000,
from
Reading
Entertainment,
Inc.
(Reading).
The
Angelika
Film
Center
is
managed
by
Sutton
Hill
Associates
as
a
part
of
its
City
Cinemas
Chain.
The
Company
also
has
two
separate
and
independent
options
to
acquire
additional
cinema
assets
owned
by
Reading
in
the
United
States.
From
October
1995
through
March
2000,
the
Company's
principal
business
activity
was
to
invest
in
sub-prime
used
automobile
consumer
loans,
which
take
the
form
of
installment
loans
collateralized
by
the
related
vehicle. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Auto
Credit
Inc.
is
primarily
engaged
in
the
investment
in
sub-prime
used
automobile
consumer
loans,
which
take
the
form
of
installment
loans
collateralized
by
the
related
vehicle.
For
the
three
months
ended
4/30/01,
revenue
fell
70%
to
$452
thousand.
Net
loss
applicable
to
Common
decreased
58%
to
$2.4
million.
Revenues
reflect
reduced
interest
earned
on
loans
and
investments.
Lower
loss
reflects
the
absence
of
loan
sale
losses
and
litigation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James McNamara, 52 Chairman,
CEO | $1.1M | Robert Dixon, 64 CFO | -- | Herbert Kozlov, 48 Sec. | -- | Dollar
amounts are as of 31-Jan-2001 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
|
|