Robbinsville

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

construction

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

dysfunction

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

additional

$6.3 million in gross proceeds from calling the warrants issued as

part of its September 30, 1999, private placement.

Top Of Page
Start-up: Shoemakers’ Elves — Perkins & Brown

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

companies

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

of 1975.

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

reasonable conditions."

"In other factories — the ones you hear about on news reports

— accidents can happen because they cut corners, but we are

careful

to 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, 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,

609-818-0514.

Top Of Page
New Millennium, Westgate

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

neighborhood

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.

609-895-8890;

fax, 609-895-0058.

The apartment management company moved from West State Street in

Trenton

at the end of July.

Top Of Page
Crosstown Moves: Chernofsky & Faber

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.

732-355-0200;

fax, 732-329-6153.

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

year-round

tax planning and advice, and financial statements.

Top Of Page
Personnel Moves

1 B, Lawrenceville 08648. Marsha Fais, owner. 609-620-0370; fax,

609-620-0840.

The seven-year-old personnel agency expanded from Carnegie Executive

Center to an office on Princeton Pike that it is sharing with an

attorney

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

(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 is

temporarily

at 320 Raritan Avenue, Suite 303, Highland Park 08904; 732-572-7766,

fax 732-572-3305.

Top Of Page
Leaving Town: Avalon

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

self-administered

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

communities,"

says Gary Steinfield, vice president-development. New Jersey

properties

include Avalon Run and Avalon Run in Lawrence, Avalon Watch in West

Windsor, and other properties in Jersey City and Fort Lee. Under

construction

are communities in Florham Park, Edgewater, and Freehold.

Top Of Page
Court Blotter

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.

Top Of Page
Deaths

professor of obstetrics and gynecology at Robert Wood Johnson Medical

School.

president

of r&D at Homasote Co.

of the Johnson & Johnson aviation department.

Medical Center of Princeton.

officer

in Franklin Township and a real estate agent with Martin Realty.

an office clerk at Princeton Plasma Physics Laboratory.

Township

police officer and flight instructor with Hortman Aviation.

manager

with Trenton Cardiology Consultants.

supervisor

of maintenance at Princeton Theological Seminary.

Delaval Turbomachinery Co.

Cyanamid Corp.

Corrections or additions?

— the web site for U.S. 1 Newspaper in Princeton, New Jersey.