PDF SENATE.

SENATE. ? ? ? ? ? ?

THt: ANNUAL RE 0 T of

MASSACHUSETTS CAPITAL RESOURCE CO PANY .Relative to

?,ITS ACTIVITIES OR THE . PERIOD ENDING AUGUST 31, 1991 (Senate No. ) (receiv Au 21,1991).

(under Sectio 1 of

16

of the Acts of 1977)

Septe ber 3, 1991.

REPORT TO THE CLERKS OF THE SENATE AND HOUSE

by Massachusetts Capital Resource Company

September It 1991

1991]

SENATE - No. 1656

APPENDIX I Investments completed by Massachusetts Capital Resource Company Se tember 1, 1990 to Aupst 31, 1991

,

Aspen Technology, Inc., .Cambridge

$1,500,000

Completed 5/7/91

Aspen Technology, provides process modeling software and services to the che~icaI industry worldwide. Aspen Plus, the Company's core product, is? recognized?as the technology leader. The product is used for simulating chemically-based manufacturi~g processes to provide more accurate information on which to base process design, capital investment and pl~nt operation decisions. MCRC's investment will provide additional capital to support rapid growth of the company and in turn will create 21 additional jobs.

Autographix,. Inc., Burlington

$2,()()(j;OOO

Completed 12/27/ 90

Autographix is a leading supplier of presentation graphics software, systems and services. Its workstation-based product is used by corporate and government customers to produce 35mm slides, overheads.and related presentation graphic products. MCRC's recent financing will support the acquisition of Pansophic Systems. This investment will support the growth of the Company and create 36 new jobs.

Basic Health Management, Inc., Boston

$150,000

Completed 2/ 4/ 91

Basic Health Management (BHM) is a minority owned provider of outpatient mental health, forensic mental health and residential services in Massachusetts. In addition to its preventive and treatment programs, BHM provides management conSUlting, technical assistance, needs assessment and project evaluation through a variety of programs funded by the State of Massachusetts. MCRC's investmeut will enable the Company to grow and create 12 new jobs.

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John R. Casey. Inc., Cambridge

$500,000

Completed 5/15/91

Casey, founded in 1947, has evolved into a regional distributor of cleaning supplies and equipment. The company sells and engineers a systems approach to cleaning maintenance. This has helped Casey obtain business from large accounts who are concerned with the total cost concept of achieving a clean attractive atmospher,e in their physical plants. MCRC's fmancing will support the acquisition of W.T. Graham Company and will maintain 15 jobs.

Credit Technologies. Ine., Waltham

_$500,000

Completed 2/11[91,

Credit-Technologies, Inc. (CfI) was formed in 1989 by Dr. Brian E. Boyle. CTI provides transaction p-rocessing, consulting and software/ hardware solutions for a wide variety of credit, collection and related activities. MCRC's investment will provide capital to support the Company's growth and help create 53 new jobs. .

Fetco International. Inc., Rockland

$1,000,000

Completed 9/11/90

Fetco, established in 1972 by K.en McCord, initially operated as an importer of brass giftware from the Far East. At the present time it is an importer and wholesale distributor of photo frames. The company has grown rapidly and is now one of the top five companies in the business. MCRC's investment will help fund Fetco's continued growth and create 17 new jobs.

Foster Medical Supply, Inc., Dedham

$160,000

Completed 8/ 13/ 9 1

Foster Medical Supply is a leading distributor of medical supplies and equipment, principally in the eastern United States. The Company owns and operates seven branch operations, focusing on the nonhospital "alternate site" market segment (physicians practices, health maintena~ce organizations, freestanding emergency centers, nursing

1991)

SENATE - No. 1656

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homes and health care companies), along with selected profitable hospital business. MCRC's recent investment was in support of the business operations and will maintain 46 jobs.

Foster-Miller, Inc., Waltham

$2,000,000

Completed 7/29/91

is Foster-Miller an engineering company which specializes in the

development of new products for industrial clients and government

bureaus and agencies. The Company's engineering work emphasizes

mechanical engineering and analytical skills to develop creative

solutions which result in practical hardware. MeRC's fmancing will

help to expand and broaden the Company's product line and

accelerate the Company's growth. MCRC should receive credit for

50 new jobs in Massachusetts. -

.

Joan & David Helpern, Inc., Everett

$3,500,000

Completed 7/30/91

Joan & David is a leading designer, wholesaler and distributor of upscale women's shoes. The shoes are manufactured by 22 independent manufacturing companies located in Italy, many of which produce shoes exclusively for Joan & David. Strong relationships with key manufacturers have allowed Joan & David to operate as_an integrated manufacturing company without having to own or manage the manufacturers. MCRC's financing will support the growth of the business. As a result of MCRC's investment 36jobs will be maintained and 10 will be created.

MPM Corporation, Franklin

$1,000,000

Completed 1/29/91

MPM manufactures a variety ofscreen/ stencil printers which are used by electronic companies for the deposition of solder paste or epoxy onto printed circuit boards and cement thick film onto ceramic substrates creating hybrid microelectronic circuit. These applications are required for the production of most electronic products including computers, telecommunications equipment, automotive electronic controls, consumer goods, military electronics and aerospace.

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