| | Business Summary | | Rent-A-Wreck
of
America
Inc.
markets
and
administers
the
Rent-A-Wreck
and
PRICELE$$
vehicle
rental
franchise
programs
and
related
services.
The
Company
conducts
its
operations
primarily
through
its
wholly
owned
subsidiary,
Bundy
American
Corporation
(Bundy),
and
Bundy's
subsidiary
Priceless
Rent-A-Car,
Inc.
The
Company's
franchisees
offer
rentals
of
cars,
trucks
and
vans
at
rates
that
management
believes
are
generally
less
than
those
charged
by
national
new
car
rental
companies.
The
Company
also
owns
Consolidated
American
Rental
Insurance
Company
Ltd.,
which
offers
automobile
liability
and
physical
damage
reinsurance
to
its
franchisees.
In
addition,
the
Company
has
franchisees
in
Europe. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Rent-A-Wreck
of
America
markets
and
administers
the
Rent-A-Wreck
and
PRICELE$$
auto
rental
franchise
program.
Franchisees
rent
vehicles
at
rates
that
are
generally
lower
than
the
major
new
car
rental
companies.
For
the
three
months
ended
6/30/01,
revenues
rose
18%
to
$2
million.
Net
income
applicable
to
Common
rose
39%
to
$377
thousand.
Results
reflect
increased
insurance
premiums
and
initial
license
fees
and
lower
insurance
underwriting
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Kenneth Blum, Sr., 74
Chairman
of Directors and CEO | $300K | Kenneth Blum, Jr., 37
Pres,
Sec., | -- | William Richter, 58
Vice
Chairman | -- | | 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.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/r/rawa.gif)