| Business Summary | | Web
Press
Corporation
develops,
makes
and
sells
a
line
of
printing
press
equipment
of
its
own
design.
While
the
manufacture
of
new
equipment
is
now
the
Company's
primary
business,
it
continues
to
deal
in
rebuilt
and
used
equipment
as
an
adjunct
to
its
new
press
sales.
The
Company
also
sells
parts
and
services
for
its
new
equipment.
The
Company's
presses
are
primarily
designed
to
print
on
absorbent
paper
such
as
newsprint.
Products
produced
by
the
presses
are
newspapers
(both
broadsheet
and
tabloid
sizes),
shoppers,
advertising
inserts
and
paperback
books.
Equipment
that
the
Company
manufactures
consists
of
two
basic
products,
the
Marc-25
and
the
Atlas.
The
Atlas
is
made
in
six
different
models.
The
principal
difference
between
the
Marc-25
and
the
Atlas
is
that
the
Atlas
is
20%
faster.
Each
press
is
composed
of
standard
modules
to
unwind,
print,
cut-off
and
fold
the
roll
of
paper
into
a
finished
product. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Web
Press
Corp.
manufactures
web-fed
offset
printing
presses
designed
to
print
on
absorbent
paper
such
as
newsprint
for
the
production
of
newspapers,
shoppers,
advertising
inserts,
and
paperback
books.
For
the
six
months
ended
6/30/01,
sales
fell
46%
to
$2.8
million.
Net
loss
totaled
$565
thousand
vs.
an
income
of
$79
thousand.
Results
reflect
reduced
sales
to
newspapers
due
to
a
weak
advertising
environment
and
lower
margins
due
to
reduced
volumes. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| G. Palmer, 52 Pres | $97K | C. Mathison, 58 VP
of Fin., Sec., Treasurer, and Controller | -- | E. Beierlorzer, 61 VP
of Engineering | -- | R. Mercer, 59 VP
of Manufacturing | -- | Roy Thompson, 60 VP
of Technical Services | -- | 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
|
|