7.0. EDSR 05-10-2004 - Laserfiche WebLink

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Display Solutions Inc.411 1. Executive Summary Thomas Buchta, a Twin Cities native,has over 25 years in the professional woodworking field and has owned and operated a store fixture manufacturing plant for over 9 years. He successfully revamped production to take the business from a$800K lose to $550K profit the third year. Mr. Buchta's duties consisted of sales, quoting,computer design and day-to-day operations. Most clients we're fortune 500 companies such as: Chucky Cheese,Pillsbury, Reebok, Sears,Target,AT&T, Weight Watchers,Jenny Graig and Ulta Cosmetics. Bob Michalek, an experienced professional in management,marketing,and sales;with demonstrated strengths in strategy,new business development,and building customer relationships. Bob held the position of V.P. Sales and Operations at Fairway Foods, a { $800M food wholesale company and also National Account Manager at Sara Lee. Jim Studee also has over 13 years in the woodworking industry. Jim was most recently employed at Dura Supreme Inc. as the Engineering Manager where his duties included plant lay out,material handling systems design, equipment procurement,machine-jig-fixture design, operations improvement and supervision. Jim also has a Mechanical Engineering degree from the University of Wisconsin Madison. The large demand for store fixtures and point-of-purchase(P.O.P.)displays has remained steady for decades and having worked in this industries for twenty five years,Mr. Buchta, Mr. Michalek,and Mr. Studee have developed a strong relationship with many companies giving us a distinct advantage. This is why Display Solutions Inc., (DSI)a newly formed company headquartered in Elk River,MN chooses to design and manufacture store fixtures and P.O.P. displays. In order to start this business the total cost of equipment, and operating capital for 6 months is approximately$300,000. DSI is seeking a relationship with American National bank in Elk River to acquire a loan in the amount of$150,000 for equipment. DSI will also try to secure a loan from Elk River City Economic Development in the amount of$50,000. The three owners will provide cash investment of$100,000 for office and manufacturing equipment. 1.1 Business Opportunity DSI will engineer,manufactures and distribute two product lines. Store fixtures and P.O.P. displays. The constant requirement for store fixtures for new store openings and the frequent remodeling that retailers often do to maintain customers interest, will help us maintain a stable operating stance due to market demand. 1.2 Product/Service Description DSI will provide a wide range of services.Not only will the company design and manufacture store fixtures, we will provide our customers a fulfillment program by outsourcing acrylic, graphics and more through local venders. These items are typically stored at our location and ship just-in-time in conjunction with our manufactured product.