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  September 5, 2001
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Home > Company Index > Media > Internet & Online Content Providers > Marex, Inc.

Marex, Inc.
Nasdaq: MRXX
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 NEWS FROM THE WIRES
Marex cutting 58 percent of staff to reduce costs
Jul 27 2001 03:58 PM PDT

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 PROFILE
Keeping marine industry e-commerce on an even keel, Marex offers services to facilitate Internet-based transactions among boat builders, supply firms, repair businesses, and dealers. Among its offerings are MarExpress!, a procurement system for marine industry buyers, and MarexPO!, which enables marine industry suppliers and distributors to sell their wares. Companies such as 3M, Aquaworld Products, and Kracor have come aboard to take advantage of Marex's services. Marex Maritime, a subsidiary of Marex, engages in joint ventures and partnerships in the maritime market. Founder, president, and CEO David Schwedel owns 33% of the company; boat builder Genmar Holdings owns about 18%.

 COMPETITION
Commerce One, Inc. (CMRC)
FreeMarkets, Inc. (FMKT)
Trader.com N.V. (TRDR)

 DEALS
Deal: Marex.com, Freightquote.com Partner for E-Shipping
Date Announced: 04.10.00
Value of transaction (US $Mil): 0
Description: Marine-industry portal enters partnership to provide users access to Freightquote.com's online freight services.

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 TRACKERS
Jul. 27, 2001 - LAYOFF TRACKER
26 laid off
Description: Cuts represent 37% of its workforce.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 0.10
1-Yr. Sales Growth: 1,328.6%
Employees: 93
Revenue per employee: $1,075.27

 KEY PEOPLE
• David A. Schwedel
    CEO
• Kenbian A. Ng
    CFO

 CONTACT INFO
2701 South Bayshore Dr., 5th Fl.
Miami, FL 33133
US
Phone: 305-285-2003
Fax: 305-285-0001
Online: Web Site

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