Protein Polymer Technologies, Inc. engages in research, development, production and clinical testing of medical products based on its proprietary protein-based biomaterials technology.
Value
Total number of shares outstanding as of June 19, 2000 18,400,000
Price of each share of common stock on June 19, 2000 $0.94
Aggregate market value as of June 19, 2000 $17,296,000
Performance Record
For year ended Dec. 31
1999 1998 1997
Total revenues $95,967 $255,824 $722,958
Net income (loss) $(4,257,531) $(5,638,203) $(4,453,933)
Net income (loss) per share $(0.36) $(0.88) $(0.52)
Total assets $741,140 $2,225,331 $2,347,887
Directors
Richard Adelson, 42, has served as director since September 1999. He is a private investor.
Patricia J. Cornell, 51, has served as vice president and director of Taurus Advisory Group since march 1984.
Edward E. David, 74, has served as director since January 1989. He is a principal in Washington Advisory Group, LLP.
Philip J. Davis, 69, has been secretary since January 1989.
Edward J. Hartnett, 68, has been director since March 1996.
J. Paul Jones, 58, has served as director since May 1998.
Kerry L. Kuhn, 51, is a partner and physician at the Omega Obstetrics and Gynecology Center in Coral Springs, Fla.
J. Thomas Parmeter, 60, has been president, CEO and chairman since July 1988. He was also CFO from July 1988 to July 1992.
George R. Walker, 75, served as director since January 1989.
Executive Compensation
Officers Cash Compensation
J. Thomas Parmeter, president, CEO and chairman $200,000
Joseph Cappello, vice president of research and development, chief
technology officer $129,000
Franco Ferrari, vice president of laboratory operations and
polymer productions $119,700
John Flowers, vice president of planning and operations $117,600
Erwin Stedronsky, vice president of product formulation and engineering $119,700
Significant Stock Ownership
Number of shares Percent
March 22, 2000
Taurus Advisory Group 15,973,875 59.85
Johnson & Johnson Development Co. 1,648,933 8.67
Gerschel & Co. 1,680,000 8.56
GBA Capital, LLC 1,670,000 8.51
Williams Jones Associates 1,400,000 7.17
All directors and officers as a group (13 persons) 20,760,295 70.71
Information
Headquarters: 10655 Sorrento Valley Road, San Diego, CA 92121; (858) 558-6064; fax (858) 558-6477; (www.ppti.com)
Auditors: Ernst & Young LLP, San Diego
Information was compiled from the company’s annual and proxy reports.
