Volt, which went public in 1962, acquiring five affiliated corporations in an exchange of stock, moved heavily into the services end of the business. Net income increased from $19,893 to $366,016 during this period.ĭuring the early 1960s less work was available because of a slowdown in the funding of big new defense projects. Gross revenue grew from $988,401 in fiscal 1957 (the year ended October 31, 1957) to $7.3 million in fiscal 1961. The company, which was incorporated in 1957 as Volt Technical Corp., also did well after the war, a period during which expensive missile programs were initiated and cost-plus-fixed-fee writing contracts were easy to obtain. This involved writing material to instruct untrained draftees in the operation and maintenance of military equipment, making illustrations, and cataloging parts.
Volt stock manuals#
The founders-William Shaw and his brother Jerome-began putting together technical manuals for the military during the Korean War. The company originated as a technical documentation business established in Brooklyn, New York, in 1951. Its chief business, supplying professional and technical employees to clients on a temporary basis, was being directed in 1997 from 272 branch and onsite offices throughout the United States. is a diversified company in three major businesses: staffing services telecommunications and information solutions, including the publication of telephone directories and prepress publishing systems.
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