Global Innovation Corp.

• Public
• US

Dow Jones Description

Integrated Performance Systems, Inc. (the "Company" or "IPS") is a New York corporation incorporated on November 29, 1990 under the name "ESPO's, Inc." In March 1999 one of our subsidiaries acquired all the assets of PC Dynamics Corporation, a Frisco, Texas manufacturer of metalback radio frequency circuit boards. In December 1999 we divested ourselves of all our assets and exchanged shares of our common stock, $0.01 par value ("Common Stock") for stock in a company which was operating under a license to design and manufacture MULTIWIRE technology. On April 4, 2001 we changed our name to Integrated Performance Systems, Inc. On November 24, 2004 a wholly owned subsidiary of the Company merged with Best Circuit Boards, Inc., d/b/a Lone Star Circuits ("Lone Star Circuits" or "LSC"), and LSC became a wholly owned subsidiary of the Company. Brad Jacoby ("Jacoby"), the beneficial owner of LSC, acquired a controlling interest in the Company. The transaction has been accounted for as a reverse merger (the transaction being referred to in this Annual Report as the "Merger"). This means the Merger has been treated as if LSC acquired the Company and, consequently, the historical financial statements of LSC became the historical financial statements of the Company for all periods presented.

Chairman & CEO

Number of Employees 179

Contact Information

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