Special Studies, Inc ( Spectex Industries, Inc)

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Beautifully engraved Certificate from the Special Studies, Inc issued in 1970 - 1971. This historic document was printed by the De La Rue Banknote Company and has an ornate border around it with a vignette of of a woman's face. This item has the printed signatures of the company's officers and is over 29 years old.

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Certificate Vignette

Special Studies, Inc changed its name to Spectex Industries, Inc. in November 1972. The Company was organized as a New York corporation in 1971. The Company is principally engaged in both the knitted sweater business, which is operated by and through the Company, and since July 15, 1981, in the wholesale distribution of dairy products. In 1995, the Registrant's knitted sweater business resulted in an operating loss of $156,874 before interest expense and income taxes. Registrant's dairy products segment accounted for an operating profit of $342,107 before taking into account interest expense, and income taxes. The dairy product business is operated by J&J Farms Creamery, Inc., a 51% owned subsidiary of the Registrant. The remaining shares of J&J are held by Messrs. Simon Friedman and Morris Schlager, the sons-in-law of the Registrant's President. The Company designs, knits and manufactures cotton, wool and acrylic sweaters and sportswear at its headquarter's premises in Brooklyn, New York. Sales are made nationally to department stores, chain stores, discount stores, jobbers and retail outlets as well as to the United States government. The Company also operates through certain divisions and its subsidiaries: JA Knitting Mills, Perfect Knitting Mills, Inc. and Special Studies Development Corp. J&J purchases dairy and related food products from major food companies and food distributors and sells and delivers such products to local retailers and distributors principally in the New York city metropolitan area.