Holobeam, Inc. is engaged in the rental and development of real estate. It was formerly engaged in developing surgical staples and the technology used to apply the staples. The Company leases approximately 1,000 square feet of office and laboratory space. It owns two retail buildings, one of 62,000 square feet and another of 31,000 square feet located at New Jersey. Holobeam, Inc. rents one of the retail buildings to The Sports Authority, Inc. and the other to CompUSA. Approximately 98% of the Company revenues are earned by this rental activity. The company also owns 2.799 acres of land located adjacent to the building owned at New Jersey.
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