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Home > Company Index > Diversified Services > Miscellaneous Business Services > VirtualFund.com, Inc.

VirtualFund.com, Inc.
Nasdaq: VFND
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 NEWS FROM THE STANDARD
The Perils of E-fundraising
Sep 27 1999 12:00 AM PDT

The Perils of E-fundraising
Sep 23 1999 12:00 AM PDT

 PROFILE
VirtualFund.com hopes to make "real" funds some day. Formerly LaserMaster Technologies, the company has sold its printer and other graphic supplies business, which generated 95% of sales, to focus on information systems consulting, design, implementation, and other Internet services and support. As part of its new strategy the company in 2000 laid off nearly half its staff, and fired co-founder and CEO Melvin Masters for alleged misuse of company funds. VirtualFund.com provides electronic business services through its two subsidiaries, development stage company VFND@Ventures II (project management staffing) and B2BXchange Inc. (business-to-business-related support). Masters still owns 19% of the company.

 COMPETITION
Exodus Communications, Inc. (EXDS)
PSINet Inc. (PSIXE)
USinternetworking, Inc. (USIX)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 6.90
1-Yr. Sales Growth: 68.3%
Employees: 231
Revenue per employee: $29,870.13

 KEY PEOPLE
• Douglass E. Coy
    CEO
• Michael Coughlin
    CFO

 CONTACT INFO
7100 Shady Oak Rd.
Eden Prairie, MN 55344
US
Phone: 952-941-8687
Fax: 952-941-8652
Online: Web Site

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