| Business Summary | | Medical
Action
Industries
Inc.
develops,
manufactures,
markets
and
distributes
a
variety
of
disposable
surgical-related
products.
Medical
Action
manufactures
and
distributes
sterile
disposable
laparotomy
sponges
and
operating
room
towels.
Through
its
existing
direct
sales
force,
manufacturers'
representatives
and
internal
sales
department,
the
Company's
products
are
sold
throughout
the
United
States
and
certain
international
markets,
and
the
Company
is
expanding
its
end
user
base
to
include
physician,
dental
and
veterinary
offices.
Medical
Action
has
entered
into
preferred
vendor
agreements
with
national
distributors,
as
well
as
sole
source
and/or
committed
contracts
with
nearly
every
major
group
purchasing
alliance.
The
Company
intends
to
utilize
these
sales
channels
to
expand
its
product
lines
to
include
both
surgical
and
non-surgical
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Medical
Action
Industries
develops,
manufactures,
markets
and
distributes
disposable
surgical
related
products,
including
disposable
laparotomy
sponges,
towels
and
related
products
to
physician,
dental
and
veterinary
offices.
For
the
three
months
ended
6/30/01,
sales
rose
7%
to
$20.1
million.
Net
income
rose
34%
to
$1.3
million.
Revenues
reflect
increased
sales
of
the
collection
systems/biohazardous
bags.
Earnings
also
benefitted
from
increased
manufacturing
efficiencies. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Paul Meringolo, 43 Chairman,
Pres, CEO | $444K | -- | Richard Satin, 46 VP
of Operations, Gen. Counsel, Corp. Sec. | 298K | -- | Daniel Marsh, 43 VP
of Sales and Marketing | 307K | -- | Eric Liu, 41 VP
of International Operations | 217K | $54K | Dollar
amounts are as of 31-Mar-2001 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
|
|