| Business Summary | | Watermarc
Food
Management
Corp.
owns
and
operates,
both
directly
and
through
subsidiaries,
full-service
restaurants
under
the
names
Marco's
Mexican
Restaurants,
The
Original
Pasta
Co.
Restaurants
and
Billy
Blues
Barbecue
Bar
&
Grill.
During
the
first
quarter
of
1998,
the
Company's
Longhorn
Cafe
was
sold
to
an
unaffiliated
party.
The
Company
was
organized
as
Billy
Blues
Food
Corporation
to
develop,
own
and
operate
restaurants
and
to
produce
and
market
a
flavored
barbecue
sauce.
In
March
of
1995,
the
name
was
changed
to
Watermarc
Food
Management
Co. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WAMA
is
engaged
in
developing,
acquiring,
owning
and
operating
full-service
restaurants
under
the
names
Marco's
Mexican
Restaurants,
The
Original
Pasta
Co.
Restaurants
and
Billy
Blues
Bar
and
Grill.
For
the
39
weeks
ended
3/31/99,
revenues
fell
20%
to
$24.4
million.
Net
loss
applicable
to
Common
rose
from
$1.3
million
to
$3.3
million.
Revenues
reflect
a
general
decline
in
comparable
restaurant
sales.
Loss
suffered
from
higher
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Ghulam Bombaywala, 43 Chairman,
CEO, Pres, and Chief Operating Officer, | $120K | Dollar
amounts are as of 28-June-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|