| Business Summary | | Aquatic
Cellulose
International
is
a
leading
supplier
of
environmentally
sensitive
lumber
made
from
submerged
standing
timbers.
These
timbers
were
inundated
many
years
ago
as
a
result
of
dam
construction.
The
Company
harvests
submerged
trees
with
a
surface
mounted
robotic
arm
that
has
the
ability
to
reach
under
water,
extract
a
targeted
submerged
tree
and
bring
it
to
the
surface.
This
submerged
timber
is
preserved
by
the
water
and
is
of
excellent
quality
making
it
attractive
to
be
used
for
plywood,
sawn
lumber
(i.e.
lumber
used
for
constructing
buildings)
special
cuts
for
fine
furniture
building
plus
a
wide
variety
of
other
wood
fiber
processes
such
as
chipping
to
create
OSB
plywood
(chip
board)
or
processed
for
the
pulp
and
paper
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AQCI
is
a
leading
supplier
of
environmentally
sensitive
lumber
made
from
submerged
standing
timbers.
These
timbers
were
inundated
many
years
ago
as
a
result
of
dam
construction.
For
the
nine
months
ended
2/28/01,
revenues
fell
30%
to
$246
thousand.
Net
loss
totalled
$1.6
million,
up
from
$96
thousand.
Revenues
are
attributable
to
an
extended
holiday
season
for
the
Brazilian
project
workers.
Higher
loss
reflects
increased
S/G/A
and
financing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Ackles, 46 Pres,
CEO, Director | $84K | Shane Kerpan, 30 Sec.
and Treasurer | -- | Dollar amounts are as of 31-May-2000 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
|
|