Start-up: Shoemakers’ Elves — Perkins & Brown
Crosstown Moves: Chernofsky & Faber
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Prepared for August 16, 2000 edition of U.S. 1 Newspaper. All
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Expansion: NexMed
NexMed Inc. (NEXM), 350 Corporate Boulevard,Robbinsville08691. Joseph Mo, chairman, CEO, and president. 609-208-9688; fax,609-208-1868. Home page: www.nexmed.comNexmed, developers and makers of sexual dysfunction products, hasbought a 32,5000 square foot manufacturing facility, now underconstructionon Twin Rivers Drive, and plans to add 25 employees to its current40-employee staff by this time next year. It has also just raised$16.7 million in a private stock offering that tapped an institutionalinvestor and Capital Research and Management Company to fund clinicaltrials; Phase II results for one product are expected next month.Nexmed makes topical creams with an active ingredient, Alprospadil,that is not new to the market. Alprox-TD is for male erectiledysfunctionand Femprox is for female sexual arousal disorder. Clinical studiesin China, which have progressed further than those in this country,have reported positive results for up to 75 percent of men and 72percent of women. Two of these products have been licensed to a firmin China and will be manufactured and sold there.Earlier this year (2000) the firm announced that it raised anadditional$6.3 million in gross proceeds from calling the warrants issued aspart of its September 30, 1999, private placement.Top Of PageStart-up: Shoemakers’ Elves — Perkins & BrownMeet a man who owns three times as many shoes as his wife does —four or five dozen, if you count a dozen pairs of boots.Bob Perkins grew up in a shoe town, Endicott, New York, where hisfather was in the apparel business and his mother worked for EndicottJohnson, the shoe manufacturer. His mother’s father was ashoemaker, his mother’s mother worked in the shoe factory, and hisfather’s father was a foreman for EJ.In the 1960s most of America’s shoe production went to China, butsomehow, after getting his degree in retail management from RochesterInstitute of Technology in 1981, Perkins still ended up in the shoebusiness. Now he and his partner have an office in Pennington todesign, develop, and source footwear and accessories for suchcompaniesas Reebok, Ralph Lauren, and Kenneth Cole. The partner is Dan Brown,an Colorado native who went to Point Loma College in San Diego, Classof 1975.The firm is a source for sport and athletic footwear and accessories— in nylon and fleece. Its biggest client is Kenneth ColeProductions in New York City, but it is working with Athlete’s FootGroup in Atlanta, Avrex in New York City, K-Swiss in Los Angeles, andRunner’s World in Emmaus, Pennsylvania.”Once you start hiring designers and developers in New York City,you are paying $60,000 to $80,000 plus benefits,” says Perkins.”We can hire on a project basis or seasonal basis. There areplenty of footwear designers in the New York City area.”Ichor works with a partner in Taiwan to get samples built andproduction placed, primarily in China — everything from athleticto casual dress products, including sandals,loafers, moccasins — anything that can come off a production line,versus the handmade pumps that come from Italy or Brazil.China produces 25,000 to 50,000 pairs per year, but Perkins says heis sensitive to the workers rights issues, and works only with thebest grade of factories. “Also, my partners and I are over theresix to eight times a year, not so much to check up with them, butto work with management and designers, and we also visit three tofour factories on each trip to see what the conditions are. It givesus the knowledge that our shoes are being made in factories that havereasonable conditions.””In other factories — the ones you hear about on news reports— accidents can happen because they cut corners, but we arecarefulto choose factories that also do work with Nike, Rockport, Reebok,and Timberland.”His plan: “Stay in the business 10 to 15 years, retire early,and in between work like hell.”His one regret: “By the time I got into the shoe business, bothmy grandparents had passed away and I was never able to talk businesswith them,” says Perkins.Ichor International LLC, 12 West Delaware Avenue,Pennington 08534. Bob Perkins, managing partner. 609-818-0515; fax,609-818-0514.Top Of PageNew Millennium, WestgateNew Millennium Bank, 57 Livingston Avenue, NewBrunswick 08901. Chris Van Der Stad, president and CFO. 732-729-1100;fax, 732-729-4399. Home page: www.nmbonline.comThe New Brunswick-based state-chartered community commercial bankopened a branch at 695 Hamilton Avenue in Franklin Township earlyin July. Organized and incorporated by a group of former bankers,lawyers, and entrepreneurs, New Millennium Bank emphasizesneighborhoodbanking for consumers and businesses, and is focusing on the growingminority population in the New Brunswick area. Mayo Sisler, formerpresident of Franklin State Bank, which merged to form United JerseyBank, is chairman.Westgate Management Company Inc., 133 FranklinCorner Road, Lawrenceville 08648. Michael Feit, president.609-895-8890;fax, 609-895-0058.The apartment management company moved from West State Street inTrentonat the end of July.Top Of PageCrosstown Moves: Chernofsky & FaberCharles B. Chernofsky, 114 Main Street, Kingston08528. 609-279-0445; fax, 609-279-0448.Chernofsky, who consults on regulatory compliance for direct mailadvertising, moved from Hulfish Street when his lease expired.Robert W. Faber CPA, Box 894, Dayton 08810.732-355-0200;fax, 732-329-6153.Robert Faber moved his accounting firm from Research Park and is usinga mailing address in Dayton. A 1969 graduate of Pace University, Faberworked for what became Oppenheim, Appell, Dixon & Co. and a smallfirm before starting his own practice in 1977. As a general accountanthe offers services for businesses and individuals, includingyear-roundtax planning and advice, and financial statements.Top Of PagePersonnel MovesThe Temp Agency, 3131 Princeton Pike, Building1 B, Lawrenceville 08648. Marsha Fais, owner. 609-620-0370; fax,609-620-0840.The seven-year-old personnel agency expanded from Carnegie ExecutiveCenter to an office on Princeton Pike that it is sharing with anattorneyand has a new phone and fax. Marsha Merced Fais earned a bachelor’sin education from Hunter College in 1969 and a master’s in education.She taught elementary school in the Bronx and in Roosevelt for eightyears and has two teenage children.Pomerantz Staffing Services LLC, 3800 QuakerbridgeRoad, Quakerbridge Shoppes, Hamilton 08619. Jennifer Leder, staffingspecialist. Home page: www.pomstaff.com.This personnel agency has moved from 989 Lenox Drive to QuakerbridgeRoad and has a new phone. The headquarters is in Watchung(800-754-7000),and there are 38 stand-alone offices, including 15 in New Jersey,plus on-site offices that offer such services as payroll. It istemporarilyat 320 Raritan Avenue, Suite 303, Highland Park 08904; 732-572-7766,fax 732-572-3305.Top Of PageLeaving Town: AvalonAvalon Bay Communities Inc. (AVN), 100 Canal PointeBoulevard, Suite 110, Princeton 08540. Jeffrey Albert, vice president.609-452-0025; fax, 609-452-1255. Home page: www.avalonprop.com.This residential real estate management office will move on July 31to newly built-out space in Woodbridge at 517 Route 1 South, Suite5500, Iselin, NJ 08830, phone 732-404-4822; fax, 732-283-9101. Tradingas AVB on the New York Stock Exchange, it operates as aself-administeredand self-managed real estate investment trust (REIT). Headquarteredin Alexandria, Virginia, it has nearly a dozen offices and owns 134apartment communities containing 39,050 apartment homes in 12 statesand District of Columbia.”Though we continue to plan to develop in Central Jersey, theWoodbridge location has easier access to a broader number of ourcommunities,”says Gary Steinfield, vice president-development. New Jerseypropertiesinclude Avalon Run and Avalon Run in Lawrence, Avalon Watch in WestWindsor, and other properties in Jersey City and Fort Lee. Underconstructionare communities in Florham Park, Edgewater, and Freehold.Top Of PageCourt BlotterSentenced, on August 4, Robert Callan, for practicinglaw without a license at Immigration Law Center in Ewing for morethan 10 years, to theft by deception and attempted theft by deception— to 364 days in jail, five years probation, 350 days of communityservice, and $50,000 in restitution.Top Of PageDeathsMichael S. Burnhill MD, 72, on August 4. He was a clinicalprofessor of obstetrics and gynecology at Robert Wood Johnson MedicalSchool.F. Ross Valentine Jr., 84, on August 5. He was icepresidentof r&D at Homasote Co.James N. Jenkins III, 53, on August 7. He was directorof the Johnson & Johnson aviation department.Winfield Merrick, 60, on August 7. He was a cook at theMedical Center of Princeton.Reginald A. Clarke, 21, on August 8. He was a zoningofficerin Franklin Township and a real estate agent with Martin Realty.Catherine Frankenfield, 49, on August 9. She had beenan office clerk at Princeton Plasma Physics Laboratory.Craig Robinson, 28, on August 9. He was a WashingtonTownshippolice officer and flight instructor with Hortman Aviation.Patricia A. Dail 54, on August 9. She was a billingmanagerwith Trenton Cardiology Consultants.Walter J. Mazurek, 76, on August 10. He had beensupervisorof maintenance at Princeton Theological Seminary.Delores M. Zita, 59, on August 10. She retired from DemagDelaval Turbomachinery Co.Scott W. Cozens, 41, on August 11. He worked at AmericanCyanamid Corp.Previous StoryCorrections or additions?This page is published by PrincetonInfo.com— the web site for U.S. 1 Newspaper in Princeton, New Jersey.
