this watch is probably produced in the 60's. There is nothing unusual about the mechanism. Even though there are not hour and minute hands the discs for their display are turning in the same exact way. I am not familiar with the name of the company but even after 32 years in the watch business this is not unusual either. There are many names on watches that were only used for a short time and then disappeared into oblivion. It is a nice example of a 60's direct read display. It does have a little "Retro" cache in today's fashion world but it has no extreme collectable value. Direct read watches can make an interesting collection however. They can be extremely sophisticated such as very nice, high grade "jump hour" models or just an inexpensive model that you may not have in your collection. The Elgin watch company made a few models that use this type of display and have been driving watchmakers crazy for 50 or 60 years . Keep on collecting! And please think about joining the NAWCC. There are a great many benifits that will help you along in your quest of interesting timepieces.