| Business Summary | | Jore
Corporation
is
engaged
in
the
design,
manufacture
and
marketing
of
power
tool
accessories
and
hand
tools
for
the
do-it-yourself
and
professional
craftsman
markets.
The
Company
offers
a
comprehensive
system
of
proprietary
drilling
and
driving
products
that
save
users
time
through
enhanced
functionality,
productivity
and
ease-of-use.
Jore
manufactures
its
products
using
advanced
technologies
and
equipment
designs,
intended
to
achieve
advantages
in
cost,
quality
and
production
capacity.
Its
products
are
sold
under
private
labels
to
power
tool
retailers
and
manufacturers
such
as
Sears,
Roebuck
and
Co.,
Tru*Serv
Corporation,
Canadian
Tire
Corporation
Limited,
Black
&
Decker
Corporation
and
Makita
Corporation.
Jore
filed
for
voluntary
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
the
District
of
Montana.
The
term
of
the
financing
agreement,
subject
to
certain
conditions,
is
through
December
31,
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | JOREQ
designs,
manufactures
and
markets
innovative
power
tool
accessories
and
hand
tools
for
the
do-it-yourself
and
professional
craftsman
markets.
For
the
three
months
ended
3/31/01,
revenues
decreased
13%
to
$6.2
million.
Net
loss
totaled
$7.5
million,
up
from
$1.3
million.
Revenues
reflect
the
transition
of
sales
efforts
from
OEM
customers
to
the
direct-to-retail
channel.
Higher
loss
reflects
excess
capacity
costs,
provision
for
obsolete
inventory
and
start-up
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Matthew Jore, 37 Chairman,
CEO | $262K | Gerald McConnell Pres | -- | Monte Giese CFO | -- | Michael Jore, 40 Exec.
VP | 217K | Jeffery Eidsmoe, 42 VP--Operations | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|