| Business Summary | | Millenium
Holding
Group
Inc.
(Millenium)
has
been
inactive
and
has
not
actively
conducted
operations,
generated
revenues
or
incurred
expenses
since
1995.
Millenium
has
entered
into
a
Letter
of
Intent
to
acquire
a
life
insurance
company.
The
Company
expects
the
transaction
to
be
concluded
within
60
days.
The
Company
is
also
forming
an
Internet
bank
and
is
preparing
an
application
to
be
filed
with
the
Office
of
the
Comptroller
of
the
Currency
(OCC)
to
charter
a
national
bank.
Millenium
has
also
entered
into
a
Letter
of
Intent
to
acquire
the
Stanford
Life
Insurance
Company.
The
Company
will
be
headquartered
in
Lincoln,
Nebraska
and
will
not,
at
least
initially,
have
traditional
banking
offices.
The
bank
will
offer
products
and
services
through
the
use
of
the
Internet.
The
Internet
insurance
company
will
commence
operation
as
soon
as
possible
after
the
transaction
is
closed. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Millenium
Holding
Group,
Inc.
is
actively
pursuing
the
creation
of
an
Internet
National
Bank,
an
Internet
Incurance
Company
and
forming
or
acquiring
a
Broker
Dealer
in
order
to
service
the
securities
market.
For
the
three
months
ended
3/31/01,
revenues
totaled
$1
thousand,
up
from
$0.
Net
loss
fell
55%
to
$52
thousand.
Revenues
reflect
$1
thousand
in
net
sales.
Lower
loss
was
partially
offset
by
higher
salaries
and
increased
amortization
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Richard Ham, 46 | Pres,
CEO, Director | Carla Aufdenkamp, 37 | VP,
Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|