| Business Summary | | Actrade
Financial
Technologies,
Ltd.
provides
financial
solutions
for
commercial
trade
activities.
Administered
by
the
Company's
subsidiary,
Actrade
Capital,
Inc.,
the
Company's
leading
product
is
the
Electronic
Trade
Acceptance
Draft
(E-TAD(tm))
Program.
E-TAD
technology
provides
electronic
credit,
payment,
settlement
and
integration
solutions.
Through
E-TAD,
buyers
can
pay
for
purchases
with
terms
up
to
six
months
while
suppliers
receive
immediate
payment.
E-TAD
facilitates
commercial
trade
by
providing
a
secure,
streamlined
payment
solution
for
both
offline
and
online
purchases.
The
Company's
International
Merchandise
Trade
division
helps
U.S.
and
foreign
manufacturers
to
sell
their
products
in
the
international
markets
by
using
specialized
trade
methods. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Actrade
Financial
Technologies
provides
financial
solutions
for
commercial
trade
activities.
The
Company's
lead
product,
the
Electronic
Trade
Acceptance
Draft,
provides
electronic
credit,
payment,
settlement
and
integration
solutions.
For
the
nine
months
ended
3/31/01,
net
sales
rose
96%
to
$42.9
million.
Net
income
totaled
$17.2
million,
up
from
$7.7
million.
Results
reflect
accelerated
marketing,
increased
sales
by
Resources
and
lower
bad
debt
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
after
tax
earnings
were
-4,000. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Amos Aharoni, 55 Chairman | $202K | Alexander Stonkus, 41 Pres,
CEO, Director | 183K | Joseph D'Alessandris, 55 CFO | 128K | John Woerner, 63 VP,
Director and Pres of Actrade International, Corp. | 65K | Elizabeth Melnik, 51 Sec. | 61K | Dollar
amounts are as of 30-June-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
|
|