| | Business Summary | | Paramark
Enterprises,
Inc.
was
engaged
in
the
wholesale
manufacturing
and
distribution
of
specialty
bakery
products
in
supermarkets
and
wholesale
club
stores
throughout
the
United
States.
The
majority
of
the
wholesale
bakery
operations
were
sold
to
Rich
Products
Manufacturing
Group
in
December
2000,
with
the
remaining
assets
sold
to
Brooks
Street
Companies,
Inc.
in
October
2000.
In
1996,
the
Company
sold
the
T.J.
Cinnamons
trade
name
and
other
intellectual
property
to
Triarc
Restaurant
Group
(Triarc),
and
in
1998,
the
Company
terminated
the
1996
purchase
and
license
agreements
with
Triarc.
On
December
15,
2000,
the
Company's
shareholders
approved
a
plan
of
liquidation,
pursuant
to
which
the
Company
would
distribute
all
remaining
net
proceeds
from
the
Rich
Products
transaction
and
the
Brooks
Street
transaction
to
its
shareholders
over
a
period
of
four
years.
Prior
to
implementing
the
plan
of
liquidation,
the
Company
intends
to
explore
various
options,
including
its
sale. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Paramark
Enterprises,
Inc.
was
engaged
in
the
wholesale
manufacturing
and
distribution
of
specialty
bakery
products.
The
Company
is
currently
considering
various
options,
including
its
sale
or
liquidation.
For
the
FYended
12/31/00,
revenues
rose
24%
to
$5.5
million.
Net
loss
rose
15%
to
$1.2
million.
Results
reflect
an
expansion
of
new
product
line
and
increased
market
penetration,
offset
by
increased
training,
product
waste
and
overtime
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Loccisano, 53
Chairman,
CEO | $249K | Alan Gottlich, 40
Pres,
Vice Chairman, CFO, Treasurer | 177K | | Dollar amounts are as of 31-Dec-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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/t/tjci.ob.gif)