| Business Summary | | U.S.
Home
Systems,
Inc.
is
engaged,
through
direct
consumer
marketing,
in
the
design,
sales,
manufacture
and
installation
of
custom
quality
specialty
home
improvement
products.
U.S.
Home
Systems
Inc.
was
one
of
five
publicly
traded
pawnshop
operators
in
the
United
States,
and
owned
and
operated
12
pawnshops
in
Colorado
and
one
in
Wyoming
as
of
December
31,
2000.
On
November
3,
2000,
the
Company
and
U.S.
Remodelers
Inc.
entered
into
an
agreement
and
plan
of
merger
(the
Merger).
US
Remodelers
is
a
privately
held
company
engaged,
through
direct
consumer
marketing,
in
the
manufacture,
design,
sale
and
installation
of
specialty
home
improvement
products.
On
January
12,
2001,
the
Company's
shareholders
approved
the
Asset
Sale
and
the
Merger,
the
reincorporation
of
U.S.
Pawn
in
Delaware,
and
the
change
of
its
name
to
U.S.
Home
Systems
Inc.
Following
the
Merger,
the
Company
succeeded
to
the
business
of
U.S.
Remodelers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | U.S.
Home
Systems,
Inc.
is
engaged,
through
direct
consumer
marketing,
in
the
design,
sales,
manufacture
and
installation
of
custom
quality
specialty
home
improvement
products.
For
the
three
months
ended
3/01,
revenues
rose
5%
to
$9.9
million.
Net
income
applicable
to
Common
declined
9%
to
$395
thousand.
Revenues
benefited
from
growth
in
bathroom
remodeling
projects.
Net
income
was
offset
the
absence
of
tax
benefits
associated
with
the
realization
of
net
loss
carryforward. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Murray Gross, 62 | Chairman,
Pres, CEO | Robert DeFronzo, 45 | CFO,
Sec., Treasurer | Peter Bulger, 41 | VP,
COO | Steven Gross, 38 | VP
of Marketing |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|