| Business Summary | | Nova
Communications
Ltd.
is
primarily
engaged
in
the
business
of
investing
in
and
providing
managerial
assistance
to
developing
companies
that,
in
its
opinion,
would
have
a
significant
potential
for
growth.
The
Company
continues
to
focus
efforts
on
acquiring
takeover
candidates
for
Communications
2000,
Inc.,
which
is
now
a
consolidated
subsidiary.
Communications
2000
conducts
its
business
under
the
trade
name
of
TEC-networks.
It
engages
in
the
sale,
installation
and
service
of
business
communications
systems,
including
computer
networking
and
voice,
data
and
voice-over-the-Internet
communications. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nova
Communications
Ltd.
is
a
business
incubator
that
invests
in,
develops
and
manages
emerging
growth
companies,
pursuing
acquisition
opportunities
in
the
telecommunications
and
business
communications
industry.
For
the
six
months
ended
6/30/01,
revenues
totaled
$3.2
million,
up
from
$12
thousand.
Net
loss
totaled
$1.5
million,
up
from
$204
thousand.
Results
reflect
the
10/00
acquisition
of
Communications
2000,
offset
by
increased
costs
at
the
acquired
operations. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Kenneth Owen, 35 | Pres,
CEO, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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