| Business Summary | | Laminaire
Corp.,
formerly
Thermo-Mizer
Environmental
Corp.,
was
founded
in
1978
and
until
October
1997,
was
engaged
in
various
aspects
of
the
energy
conservation
and
environmental
control
businesses.
In
October
1997,
the
Company
acquired
Laminaire
Corporation
(Old
Laminaire).
Old
Laminaire,
located
in
Rahway,
New
Jersey,
was
founded
in
1964
and
is
a
manufacturer
and
distributor
of
cleanroom
products
and
also
assembles
a
variety
of
electronic
circuit
boards.
This
acquisition
marked
a
fundamental
change
in
the
way
that
the
Company's
business
is
conducted
by
making
it
a
product-driven
business
rather
than
a
systems-driven
business.
In
March
1999,
the
Company
announced
the
formation
of
a
new
Internet-based
subsidiary
that
will
be
named
eSafety,
and
which
will
develop
E-Commerce
solution
for
distributors
and
users
of
disposable
safety
equipment
and
garments
for
all
applications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Laminaire
Corporation
designs,
assembles
and
sells
a
family
of
products
and
systems
used
in
cleanroom
facilities
and
to
monitor
a
wide
variety
of
environmental
conditions.
For
the
nine
months
ended
9/30/99,
revenues
fell
39%
to
$2.9
million.
Net
loss
from
continuing
operations
totalled
$784
thousand,
up
from
$232
thousand.
Revenues
reflect
a
lower
level
of
new
orders
in
all
divisions.
Higher
loss
also
reflects
a
lower
gross
profit
margin. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Stephen Schneer, 69 Chairman | -- | Antonio Garay, 50 CEO
and Pres | $120K | Gerard Gallagher, 62 CFO | -- | Steven Schuster, 44 Sec. | -- | Dollar
amounts are as of 31-Dec-1998 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
|
|