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Joseph Mazin

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BUSINESS
December 10, 1985
Flamemaster, a maker of flame-retardant coatings for electrical cables, reported record sales of $3.9 million for its fiscal year ended Sept. 30, up nearly 25% over its previous fiscal year. Net income was $249,037, or 37 cents a share, up from $62,307, or 9 cents, last year. For the fourth quarter, the Sun Valley-based company reported slightly lower sales along with higher profits. Sales were down nearly 2% to $949,659, but net income was up 56% to $123,342, or 18 cents a share.
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BUSINESS
February 11, 1997 | BARBARA MURPHY
PerfectData Corp. in Simi Valley has made a bid to acquire Novaquest InfoSystems for $40 million in cash and stock. Novaquest, based in Torrance, is a privately held company whose revenue exceeded $172 million in 1996 and is on course to exceed $200 million in the current fiscal year. Novaquest resells microcomputer products and services to Fortune 1000 corporations and government institutions. It specializes in reselling IBM, Hewlett-Packard, Compaq, Microsoft and Toshiba products.
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BUSINESS
February 11, 1997 | BARBARA MURPHY
PerfectData Corp. in Simi Valley has made a bid to acquire Novaquest InfoSystems for $40 million in cash and stock. Novaquest, based in Torrance, is a privately held company whose revenue exceeded $172 million in 1996 and is on course to exceed $200 million in the current fiscal year. Novaquest resells microcomputer products and services to Fortune 1000 corporations and government institutions. It specializes in reselling IBM, Hewlett-Packard, Compaq, Microsoft and Toshiba products.
BUSINESS
June 21, 1994 | DON LEE, TIMES STAFF WRITER
The reporters' calls have stopped, as has the whispering in PerfectData's hallways about Lee Mannheimer, the company's longtime chief executive officer who resigned last fall amid law enforcement's investigation into his possible role in an alleged murder-for-hire plot against his estranged wife. Mannheimer, 51, has denied involvement in the alleged plot. But the Ventura County district attorney's office says the investigation is continuing. Meanwhile, PerfectData Corp. has its own problems.
BUSINESS
July 2, 1985 | ALAN GOLDSTEIN, Times Staff Writer
Flamemaster is used to making coatings, and the Sun Valley company finally is putting them on objects more sexy than cable and steel. For years, the company has made heat-resistant coatings for electrical cables and airtight sealants for aircraft fuel tanks. Now, it is venturing into selling hot vermilion, fuchsia and crimson coatings for lips. Flamemaster, which reported 1984 sales just under $3 million, is looking to diversify.
BUSINESS
June 21, 1994 | DON LEE, TIMES STAFF WRITER
The reporters' calls have stopped, as has the whispering in PerfectData's hallways about Lee Mannheimer, the company's longtime chief executive officer who resigned last fall amid law enforcement's investigation into his possible role in an alleged murder-for-hire plot against his estranged wife. Mannheimer, 51, has denied involvement in the alleged plot. But the Ventura County district attorney's office says the investigation is continuing. Meanwhile, PerfectData Corp. has its own problems.
BUSINESS
May 24, 1994
PerfectData Corp., a Simi Valley marketer of computer and office-care products, said it will discontinue certain product lines as part of a restructuring aimed at boosting profits. The company also said its board has approved the purchase of 500,000 common shares of its stock, or about 14% of the outstanding shares. "The board considers the stock undervalued at these levels," said Chief Executive Officer Joseph Mazin.
BUSINESS
February 4, 1986
Flamemaster, a Sun Valley manufacturer of flame-retardant coatings for electrical cables, reported 167% higher earnings on 14% lower sales for its first quarter ended Dec. 31. Net income for the quarter was $49,033, or 7 cents a share, on sales of $771,416. Joseph Mazin, president of Flamemaster, said profits rose because of cost-cutting measures, including a reduction in the company's administrative staff through attrition.
BUSINESS
June 7, 1988
Flamemaster's directors declared a 20% stock dividend, payable July 25 to Flamemaster stockholders of record July 7. Joseph Mazin, chief executive of the Sun Valley maker of flame-retardant sealants, coatings and storage cabinets, said in a statement that the payout was a result of the company's "sustained profitability" and expectations of "continued growth of sales and earnings." Flamemaster has about 1.35 million common shares outstanding.
BUSINESS
July 8, 1986
Flamemaster, a Sun Valley manufacturer of flame-retardant coatings for electrical cables, declared a 2-for-1 stock split effective Aug. 5. The split will affect shareholders holding the stock on July 22. The stock closed Monday at $7 in over-the-counter trading, with 997,000 shares outstanding. Joseph Mazin, the company's president, said the split will help broaden the shareholder base and make it easier for Flamemaster to make acquisitions.
BUSINESS
December 10, 1985
Flamemaster, a maker of flame-retardant coatings for electrical cables, reported record sales of $3.9 million for its fiscal year ended Sept. 30, up nearly 25% over its previous fiscal year. Net income was $249,037, or 37 cents a share, up from $62,307, or 9 cents, last year. For the fourth quarter, the Sun Valley-based company reported slightly lower sales along with higher profits. Sales were down nearly 2% to $949,659, but net income was up 56% to $123,342, or 18 cents a share.
BUSINESS
July 2, 1985 | ALAN GOLDSTEIN, Times Staff Writer
Flamemaster is used to making coatings, and the Sun Valley company finally is putting them on objects more sexy than cable and steel. For years, the company has made heat-resistant coatings for electrical cables and airtight sealants for aircraft fuel tanks. Now, it is venturing into selling hot vermilion, fuchsia and crimson coatings for lips. Flamemaster, which reported 1984 sales just under $3 million, is looking to diversify.
BUSINESS
February 21, 1995
Flamemaster Corp., a Sun Valley-based manufacturer of high-performance sealants for the aerospace industry, reported a sharp drop in earnings for the first fiscal quarter that ended Dec. 31. Flamemaster posted a profit of $38,781, down 61% from $100,413 in the same three-month period a year earlier. Sales in the quarter totaled $621,969, down 27% from $854,033 a year earlier.
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