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Prepared for August 16, 2000 edition of U.S. 1 Newspaper. All
08691. Joseph Mo, chairman, CEO, and president. 609-208-9688; fax,
609-208-1868. Home page: www.nexmed.com
Nexmed, developers and makers of sexual dysfunction products, has
bought a 32,5000 square foot manufacturing facility, now under
on Twin Rivers Drive, and plans to add 25 employees to its current
40-employee staff by this time next year. It has also just raised
$16.7 million in a private stock offering that tapped an institutional
investor and Capital Research and Management Company to fund clinical
trials; 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 erectile
and Femprox is for female sexual arousal disorder. Clinical studies
in China, which have progressed further than those in this country,
have reported positive results for up to 75 percent of men and 72
percent of women. Two of these products have been licensed to a firm
in China and will be manufactured and sold there.
Earlier this year (2000) the firm announced that it raised an
$6.3 million in gross proceeds from calling the warrants issued as
part of its September 30, 1999, private placement.
Meet 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 his
father was in the apparel business and his mother worked for Endicott
Johnson, the shoe manufacturer. His mother’s father was a
shoemaker, his mother’s mother worked in the shoe factory, and his
father’s father was a foreman for EJ.
In the 1960s most of America’s shoe production went to China, but
somehow, after getting his degree in retail management from Rochester
Institute of Technology in 1981, Perkins still ended up in the shoe
business. Now he and his partner have an office in Pennington to
design, develop, and source footwear and accessories for such
as Reebok, Ralph Lauren, and Kenneth Cole. The partner is Dan Brown,
an Colorado native who went to Point Loma College in San Diego, Class
The firm is a source for sport and athletic footwear and accessories
— in nylon and fleece. Its biggest client is Kenneth Cole
Productions in New York City, but it is working with Athlete’s Foot
Group in Atlanta, Avrex in New York City, K-Swiss in Los Angeles, and
Runner’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 are
plenty of footwear designers in the New York City area."
Ichor works with a partner in Taiwan to get samples built and
production placed, primarily in China — everything from athletic
to 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 he
is sensitive to the workers rights issues, and works only with the
best grade of factories. "Also, my partners and I are over there
six to eight times a year, not so much to check up with them, but
to work with management and designers, and we also visit three to
four factories on each trip to see what the conditions are. It gives
us the knowledge that our shoes are being made in factories that have
"In other factories — the ones you hear about on news reports
— accidents can happen because they cut corners, but we are
to choose factories that also do work with Nike, Rockport, Reebok,
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, both
my grandparents had passed away and I was never able to talk business
with them," says Perkins.
Pennington 08534. Bob Perkins, managing partner. 609-818-0515; fax,
Brunswick 08901. Chris Van Der Stad, president and CFO. 732-729-1100;
fax, 732-729-4399. Home page: www.nmbonline.com
The New Brunswick-based state-chartered community commercial bank
opened a branch at 695 Hamilton Avenue in Franklin Township early
in July. Organized and incorporated by a group of former bankers,
lawyers, and entrepreneurs, New Millennium Bank emphasizes
banking for consumers and businesses, and is focusing on the growing
minority population in the New Brunswick area. Mayo Sisler, former
president of Franklin State Bank, which merged to form United Jersey
Bank, is chairman.
Corner Road, Lawrenceville 08648. Michael Feit, president.
The apartment management company moved from West State Street in
at the end of July.
08528. 609-279-0445; fax, 609-279-0448.
Chernofsky, who consults on regulatory compliance for direct mail
advertising, moved from Hulfish Street when his lease expired.
Robert Faber moved his accounting firm from Research Park and is using
a mailing address in Dayton. A 1969 graduate of Pace University, Faber
worked for what became Oppenheim, Appell, Dixon & Co. and a small
firm before starting his own practice in 1977. As a general accountant
he offers services for businesses and individuals, including
tax planning and advice, and financial statements.
1 B, Lawrenceville 08648. Marsha Fais, owner. 609-620-0370; fax,
The seven-year-old personnel agency expanded from Carnegie Executive
Center to an office on Princeton Pike that it is sharing with an
and has a new phone and fax. Marsha Merced Fais earned a bachelor’s
in education from Hunter College in 1969 and a master’s in education.
She taught elementary school in the Bronx and in Roosevelt for eight
years and has two teenage children.
Road, Quakerbridge Shoppes, Hamilton 08619. Jennifer Leder, staffing
specialist. Home page: www.pomstaff.com.
This personnel agency has moved from 989 Lenox Drive to Quakerbridge
Road and has a new phone. The headquarters is in Watchung
and there are 38 stand-alone offices, including 15 in New Jersey,
plus on-site offices that offer such services as payroll. It is
at 320 Raritan Avenue, Suite 303, Highland Park 08904; 732-572-7766,
Boulevard, 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 31
to newly built-out space in Woodbridge at 517 Route 1 South, Suite
5500, Iselin, NJ 08830, phone 732-404-4822; fax, 732-283-9101. Trading
as AVB on the New York Stock Exchange, it operates as a
and self-managed real estate investment trust (REIT). Headquartered
in Alexandria, Virginia, it has nearly a dozen offices and owns 134
apartment communities containing 39,050 apartment homes in 12 states
and District of Columbia.
"Though we continue to plan to develop in Central Jersey, the
Woodbridge location has easier access to a broader number of our
says Gary Steinfield, vice president-development. New Jersey
include Avalon Run and Avalon Run in Lawrence, Avalon Watch in West
Windsor, and other properties in Jersey City and Fort Lee. Under
are communities in Florham Park, Edgewater, and Freehold.
law without a license at Immigration Law Center in Ewing for more
than 10 years, to theft by deception and attempted theft by deception
— to 364 days in jail, five years probation, 350 days of community
service, and $50,000 in restitution.
professor of obstetrics and gynecology at Robert Wood Johnson Medical
of r&D at Homasote Co.
of the Johnson & Johnson aviation department.
Medical Center of Princeton.
in Franklin Township and a real estate agent with Martin Realty.
an office clerk at Princeton Plasma Physics Laboratory.
police officer and flight instructor with Hortman Aviation.
with Trenton Cardiology Consultants.
of maintenance at Princeton Theological Seminary.
Delaval Turbomachinery Co.
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