| Business Summary | | eLocity
Networks
Corporation
builds
and
maintains
Websites
for
entertainment
and
informational
purposes.
Revenues
are
generated
by
sales
of
banner
advertising,
sales
of
chat
room
memberships
and
investor
relations
services.
The
Company
receives
most
of
its
revenues
from
market
awareness
services
for
public
companies,
which
it
performs
on
a
fee-for-service
basis.
The
Company
provides
financial
content
on
its
Bell2bell.com,
Pennypicks.com
and
Stockmarketchat.com
Websites.
The
Pennypicks.com
Website
provides
narrative
descriptions
of
the
Company's
public
company
clients.
The
Company
also
disseminates
information
on
its
client
companies
to
subscribers
to
its
financial
Websites
on
an
opt-in
basis.
In
addition
to
its
financial
content
Websites,
the
Company
maintains
interactive
Websites
under
the
names
Chattown.com,
Chattersworld.com,
1chatblvd.com,
Chitterchatter.com,
Chatsports.com,
Cashprize.com,
Trustspot.com
and
Buyopt.com. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | eLocity
Networks
Corp.
offers
free
and
fee
based
interactive
Internet
chat
rooms,
online
shopping
and
free
web-based
email
and
other
services.
For
the
six
months
ended
6/30/01,
revenues
fell
65%
to
$250
thousand.
Net
loss
totaled
$42
thousand
vs.
an
income
of
$206
thousand.
Revenues
reflect
lower
internet
advertising
revenues.
Net
loss
reflects
an
increase
in
online
and
hosting
services
expenses,
depreciation
and
amortization,
professional
fees
and
$120
thousand
in
salary
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Richard Surber, 27 | Pres,
Director | BonnieJean Tippetts, 58 | VP,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|