| Business Summary | | Vsource,
Inc.
is
positioning
itself
to
be
a
leading
provider
of
business-to-business
electronic
procurement
services
(eProcurement).
The
Company's
Virtual
Source
Network
(VSN)
allows
buyers
and
suppliers
to
conduct
business
transactions
on
the
Internet
in
an
efficient
and
cost-effective
manner.
The
Company
creates
and
markets
its
eProcurement
services
via
a
pure
Internet-based
Application
Service
Provider
(ASP)
model
that
enables
the
Company's
clients
to
access
computer
software
and
data
that
reside
on
a
remote
server
rather
than
the
user's
own
computer
or
local
area
network
server. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vsource,
Inc.
operates
the
Virtual
Source
Network,
a
server-based
computer
system
for
conducting
electronic
commerce
over
the
Internet.
The
Company
also
offers
a
do-it-yourself
Internet
web
site
builder.
For
the
three
months
ended
4/30/01
revenues
totalled
$13
thousand,
up
from
$0
thousand.
Net
loss
applicable
to
Common
fell
59%
to
$5.1
million.
Revenues
reflect
the
implementation
of
the
LiquidMarketplace(TM)
products.
Lower
loss
was
partially
offset
by
$2.1
million
in
impariment
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Phillip Kelly Co-Chairman,
CEO | -- | I. Steven Edelson, 39 Co-Chairman | -- | Dennis Smith, 50 Vice
Chairman and CSO | -- | Sandford Waddell, 60 CFO,
Sec., Treasurer | $106K | Jack Cantillon, 36 Sr.
VP | -- | Dollar amounts are as of 31-Jan-2001 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
|
|