BNET Industries

International Smart Sourcing Inc.

(ISSG) is in the Manufacturing Industry

Last Fiscal Year Sales:$34.4K
  • Public
  • US
Dow Jones Description

We specialize in lowering product costs by outsourcing manufacturing to China. We are a US based company providing China manufacturing solutions for tooling, plastics processing, metal stamping, die casting, electronic assembly, and commercial printing services. We represent a network of over 50 vendors throughout China and unlike a broker, Smart Sourcing represents the customer, not the factory. We work on your behalf. Manufacturers in the USA and Europe are faced with the challenges associated with globalization. Based on our experience to date, we are able to reduce the cost of customer's manufactured products, improve their return on investment and lower their overhead. We believe that outsourcing provides customers with a competitive advantage. Smart Sourcing has over 40 years of manufacturing experience and 7 years experience in China. You conduct business with a US company and don't have to worry about dealing with twelve different time zones, language barriers and lack of technical expertise In short, we make outsourcing to China easy and risk free. International Smart Sourcing was recently recognized as one of the Top 100 outsourcing companies in the world. "The Global 100", sponsored by the International Association of Outsourcing Professionals (IAOP), was featured in the April 3, 2006 issue of FORTUNE magazine.

President of Ehc, Director
Andrew Franzone
Number of Employees 3
Contact Information

320 Broadhollow Rd

Farmingdale, New York 11735

www.smart-sourc...

(631) 293-4650

NAICS Code All Other Plastics Product Manufacturing: 326199

News & Analysis

international smart sourcing inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Andrew Franzone President of Ehc, Director
Brian Strebel Chief Representative Officer
Michael S. Rakusin Director, Chief Financial Officer
Bob Tilton Vice President of Electronics
Frank Pellegrino Vice President of Plastics
Harry Goodman Vice President and Secretary, Director
Richard A Trendley Vice President
Xia Tian General Manager
Davi Shen Plastics Department Manager
Xia Bingyu Metals Department Manager
Zhang Haiyong Logistics Manager
Joseph Frassetto Controller

Board of Directors

Name (plus bio) Position
David Hale Chairman, President
David Kassel Board of Directors
Richard A. Peters Board of Directors

Andrew Franzone currently serves as President of EHC. Mr. Franzone also served as President and Chief Executive Officer of the Company from 1987 through May 2001. Mr. Franzone served as President of Allen Field Company, Inc. ( AFC ) from 1984 until 2001, and served as Chairman of the Board of Directors and President of Ackerman Bodnar Corp., a manufacturer of interior aircraft lighting, from 1974 through 1983. Mr. Franzone is a manager and stockholder of Rencol Acquisitions, LLC, a holding company which owns a knobs, handles, and hand wheels manufacturing company located in the United Kingdom. Mr. Franzone is also a member and manager of ISSI Holdings LLC, the Purchaser in the Transaction. As a condition of the Closing of the Transaction, Mr. Franzone will resign from the Board of Directors of the Company upon the Closing.

Organization Position Status
International Smart Sourcing, Inc. President of Ehc, Director Current

Organization Position Status
International Smart Sourcing, Inc. Chairman, President Current

Mr. Strebel has been with Smart Sourcing, Inc. since 2003 overseeing corporate-wide marketing activities. From 2001-2002 he served as Project Coordinator at Fidelity Investments. Mr Strebel currently serves as Chief Representative Officer in our Shanghai office overseeing corporate business development activities throughout Asia. Mr. Strebel has a BSBA from Boston Universitya s School of Management and an MBA from Baruch Collegea s Zicklin School of Business. Mr. Strebel has lived in Asia for over 15 years and speaks fluent Chinese-Mandarin.

Organization Position Status
International Smart Sourcing, Inc. Chief Representative Officer Current

Michael S. Rakusin has served as Chief Financial Officer of the Company since September 28, 2006. Mr. Rakusin is the President of 54 Pearl Street Associates, a restaurant management holding company. Mr. Rakusin is also a certified public accountant and currently maintains an active accounting and tax practice. He also has extensive experience as a builder of single family homes. Mr. Rakusin previously served as Chief Executive Officer of Echo Springs Water Co., Inc., a distributor of bottled water. Michael Rakusin has been designated as the Audit Committee Financial Expert by the Company.

Organization Position Status
International Smart Sourcing, Inc. Director, Chief Financial Officer Current
International Smart Sourcing, Inc. Board of Directors Current

Mr. Tiltona s diverse background in manufacturing and operations management has covered 30 years in the industry. Some of the companies where he has worked previously include General Electric, Eaton Corporation and Globecomm Systems before joining Smart Sourcing Inc. in 2001 to develop the Electronics division. During this time frame, he has held various positions of increased responsibility in consumer and OEM product manufacturing plus new product development. These positions have included manufacturing engineering, production control, quality assurance and overall plant management. Mr. Tilton is a graduate from University of Massachusetts a " Amherst, MA with a BS degree in Industrial Engineering & Operations Research.

Organization Position Status
International Smart Sourcing, Inc. Vice President of Electronics Current

Mr. Pellegrino is an accomplished engineer and consultant in the field of plastics, mold and product design, and manufacturing. His experience with the company goes back to 1968-73, during which time he was Plant Manager for subsidiary company Electronic Hardware Corporation, Farmingdale, NY. From 1973-74 he served as Molding Department Manager, Aurora Plastics Division of Nabisco Corp., in West Hempstead, NY. From 1974-1999 he served as Vice President Engineering of Electronic Hardware Corporation, and since 1999 Vice President of Plastics of Smart Sourcing, Inc.

Organization Position Status
International Smart Sourcing, Inc. Vice President of Plastics Current

Harry Goodman has served as Vice President of EHC since 1986. Mr. Goodman served as President of EHC from 1976 to 1986 and began working as an officer of EHC in 1970. Mr. Goodman has also been a partner at K&G Realty Associates since 1978. Mr. Goodman has served as an officer of AFC since 1984. Mr. Goodman has served as an officer of Memory Protection Devices, Inc. since 1987. Mr. Goodman is also a manager of ISSI Holdings LLC, the Purchaser in the Transaction. As a condition of the Closing of the Transaction, Mr. Goodman will resign from the Board of Directors of the Company upon the Closing.

Organization Position Status
International Smart Sourcing, Inc. Vice President and Secretary, Director Current

Mr. Trendley has held various positions of increased responsibility in the metal fabricating and die casting industry. These positions include QC Manager, Sales Manager, Plant Manager and Marketing Manager during his 40 years in Manufacturing. Since 2002 he has served as Vice President of Metals at Smart Sourcing Inc. Mr. Trendley graduated Summa Cum Laude with a BA in Economics from Avilla College and he graduated from the University of Missouri with a BS in Business Administration.

Organization Position Status
International Smart Sourcing, Inc. Vice President Current
University of Missouri Former

Xia joined Smart Sourcing in 2000 as a Production Control Manager and was promoted to General Manager in 2003. Xia began her career at the french nuclear company Framatome (now AREVA) from 1995 to 1997. From 1997 to 2000 she was a key logistics account manager at Scheker where she handled financial and logistics issues.

Organization Position Status
International Smart Sourcing, Inc. General Manager Current
International Smart Sourcing, Inc. Production Control Manager Current

Davi has over 23 years of engineering experience and has worked for tier 1 foreign tooling and molding companies overseeing projects for Braun, Motorola, AMP Precision Connect Mold, Siemens, and Nokia. He has extensive manufacturing knowledge in the areas of tooling, plastic injection molding, blow molding, thermoforming, vacuum forming, roto molding, pad printing, silk printing, and package design. He is the point man for vendor management in providing cost analysis, quality control, and technical support.

Organization Position Status
International Smart Sourcing, Inc. Plastics Department Manager Current
Motorola, Inc. Former

Xia is a mechanical engineer with a masters in quality management. He worked as an engineer at the Chang Chun Branch of Ji Lin Carbon Plant China from 1989 to 1996. From 1996 to 2003, he served as a quality engineer with Sunningdale Plastic Pte Ltd Singapore and quality manager with Sunningdale Pte Lte Shanghai China. He has served as department manager of the metals department of Smart Sourcing, Inc. since 2004.

Organization Position Status
International Smart Sourcing, Inc. Metals Department Manager Current

Zhang has been with the company since 1999 and now she serves as manager of the logistics department. From 1997 to 1999 Zhang worked at Shanghai Sunrise Enterprise Company as a logistics manager.

Organization Position Status
International Smart Sourcing, Inc. Logistics Manager Current

Organization Position Status
International Smart Sourcing, Inc. Controller Current

David L. Kassel founded EHC and has served as Chairman of EHC since 1975. He also served as President of CDP from 1995 until 2006. From 2002 until 2006, Mr. Kassel was the Chief Executive Officer of the Company. From 1983 until 1995, he was Chairman of the Board of Directors of American Safety Closure Corp., a company engaged in the manufacturing of bottle caps. Mr. Kassel has been the Chairman and principal stockholder of AFC since 1984. Mr. Kassel has been the Chairman of Memory Protection Devices, Inc., a company engaged in the manufacturing of devices for the protection of computer memory, since 1987. Mr. Kassel has been a partner in K&G Realty Associates, a privately held real estate company, since 1978. Mr. Kassel is a manager and stockholder of Rencol Acquisitions, LLC, a holding company which owns a knobs, handles, and hand wheels manufacturer located in the United Kingdom. Mr. Kassel is also a member and manager of ISSI Holdings LLC, the Purchaser in the Transaction.

Organization Position Status
International Smart Sourcing, Inc. Board of Directors Current

Richard A. Peters has served as the Secretary of the Company since September 28, 2006. Mr. Peters has over forty years experience in business, development, marketing and management consulting. His product areas of expertise include data storage, telecommunications, computer graphics and software. Mr. Peters was the Vice President of World Wide Channel Marketing at Quantum Corporation in Milpitas, California from April 1998 until his retirement in February 2001. Mr. Peters lived and worked in Asia, Europe and South America for twelve years. He led acquisition teams, strategic partnerships and product introductions.

Organization Position Status
International Smart Sourcing, Inc. Board of Directors Current
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