| | Business Summary | | Murray
United
Development
Corporation
is
a
development-stage
company
founded
to
exploit
commercially
an
internal
combustion
engine
(the
Rotorcam
Engine)
that
would
run
on
fuels
other
than
gasoline,
have
significantly
fewer
parts
and
be
lighter
and
operate
more
efficiently
than
conventional
internal
combustion
engines.
In
October
1987,
the
Company
acquired
from
its
predecessor,
Rotorcam
Technology
Corp.,
an
assignment
of
license
under
which
it
obtained
the
exclusive
right
and
license
to
exploit
all
existing
technology
relating
to
the
Rotorcam
Engine,
which
had
previously
been
licensed
to
Rotorcam
Technology
Corp.
by
a
former
officer
of
the
Company.
The
Company
has
been
engaged
in
the
research,
design
and
development
of
the
Rotorcam
Engine
technology
since
inception.
From
March
1988
through
December
1989,
the
Company
carried
out
the
design
and
production
of
a
prototype
of
the
Rotorcam
Engine
as
well
as
the
design
and
procurement
of
a
dynamometer
test
facility. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | MRAY
is
in
the
process
of
developing
the
Rotorcam
Engine,
a
rotary
internal
combustion
engine,
and
intends
to
license
the
technology,
and
manufacture
and
sell
the
engines.
For
the
nine
months
ended
4/30/01,
Company
reported
no
revenues.
Net
loss
totaled
$269
thousand,
up
from
$116
thousand.
Revenues
reflect
a
continued
shortage
of
funds
for
investment
purposes.
Net
loss
reflects
increased
general
and
administrative
costs
and
interest
expense. | | More
from
Market Guide: Significant
Developments |
| | |
| Position | | Anthony Campo, 61 | Chairman,
Exec. VP, Sec., Treasurer | | Dwight Foster, 52 | Pres,
CEO, Director |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/mray.ob.gif)