Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Marker International MRKR Ski Bindings,clothing,snowboards -- Ignore unavailable to you. Want to Upgrade?

To: John R Resseger who wrote (306)	10/27/1999 9:37:00 PM
From: John R Resseger	Respond to of 360

Properties The Company owns its 57,000 square foot combined headquarters and western United States distribution facility located in Salt Lake City, Utah, which was constructed in fiscal 1995. The Company's headquarters and distribution facility is for sale. The Company also leases an 8,600 square foot warehouse in Manchester, New Hampshire for use as its eastern United States distribution hub. The Company believes that the New Hampshire warehouse space is adequate to meet the needs of the Company's eastern customers. Marker Germany leases a 124,146 square foot office, research and development and manufacturing facility in Germany. Nearly all of the Company's binding products are manufactured at this facility which houses technologically advanced production and quality assurance machinery. The Company believes that the facility is well suited to meet the manufacturing needs of the Company and is presently utilized at approximately 65% of total capacity. The lease for the manufacturing facility expires in 2012. Marker Japan leases three offices in Japan from which sales and distribution activities are directed. These offices are located in the cities of Tokyo, Sapporo and Osaka and comprise approximately 3,500, 500 and 675 square feet, respectively. In addition, Marker Japan leases warehouse space for inventory storage in Tokyo and Osaka totaling approximately 12,900 and 1,075 square feet, respectively. Management believes that these facilities are suitable for the required operational needs of Marker Japan. The Company owned a 56,608 square foot snowboard manufacturing facility located on approximately five acres of land it owned adjacent to the Company's headquarters in Salt Lake City. On December 31, 1998, the Company sold the building and land that housed the Company's snowboard manufacturing operations for $3.1 million.