Estate of Nathaniel M. Leichter, Deceased, Steven Leichter, Co-Special Administrator - Page 3




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          distribution of waterbed frames and vinyl liners.  After a                  
          decline in the waterbed market and approximately 1� years before            
          his death, Harvey Leichter became involved in the re-emerging               
          futon market.                                                               
               Through his overseas contacts, Harvey Leichter sought out              
          Asian companies that could manufacture futon frames according to            
          photographs and samples provided by Harlee.  Harlee dealt                   
          directly with representatives who, in turn, were responsible for            
          locating foreign companies and maintaining accounts with them.              
          Harlee did not have contractual relationships with the Asian                
          manufacturers.  Shortly before decedent’s death, Harlee’s                   
          contractual relationship with two representatives ended:  One               
          manufacturer was taken over by Harlee’s competitor, and another             
          was closed as a result of embezzlement.                                     
               As of decedent’s date of death, Harlee was still in a period           
          of transition from the waterbed to the futon market.  Harlee’s              
          product line consisted of approximately 60-percent futon-related            
          items and 40-percent waterbed-related items.  Of Harlee’s futon             
          products line, nearly 10 percent were metal fastener and liner              
          products manufactured in Taiwan.  The remaining 90 percent were             
          futon frames from three different manufacturers in Indonesia.               












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Last modified: May 25, 2011