| Business Summary | | Orthodontix,
Inc.,
through
a
subsidiary,
is
an
orthodontic
practice
management
company
formed
to
affiliate
with
orthodontic
practices
and
manage
the
business
aspects
of
such
practices,
including
billing,
collections,
cash
management
and
payroll
processing,
in
exchange
for
a
management
fee.
As
of
June
6,
2000,
the
Company
terminated
its
affiliation
with
all
orthodontic
practices
except
for
one
practice.
The
Company
has
not
provided
any
management
services
since
November
1999
and
accordingly,
has
generated
no
fee
revenue
since
November
1999.
In
connection
with
the
termination
of
its
affiliation
with
the
orthodontic
practices,
the
Company
sold
orthodontic
practice
assets
back
to
the
practices
and
terminated
its
management
relationship
with
such
practices.
To
the
extent
it
terminates
its
one
remaining
practice,
the
Company
intends
to
seek
to
effect
a
business
combination. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | OTIX,
prior
to
the
12/99
termination
of
its
affiliations
with
the
Founding
Practices,
provided
practice
management
services
to
affiliated
orthodontic
practices
pursuant
to
long-term
Administrative
Service
Agreements.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenue.
Net
loss
totaled
$225
thousand,
up
from
$54
thousand.
Higher
loss
reflects
higher
general
and
administrative
expenses
and
$94
thousand
in
losses
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Glenn Halpryn, 40 | Chairman,
Pres, Sec. | Stephen Grussmark, 59 | CEO,
Chief Clinical Officer | Alan Jay Weisberg, 55 | Treasurer,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|