| Business Summary | | International
Mercantile
Corp.
is
engaged
in
the
business
of
manufacturing
competitively
priced
custom-configured,
build-to-order,
unbranded
or
"white-box"
desktop
systems
and
servers
for
value
added
resellers
(VARs).
The
Company
presently
does
business
under
the
fictitious
name
of
Micromatix.net.
The
Company's
PC
systems
utilize
compatible,
industry
standard,
branded
components
as
a
cost-effective
alternative
to
branded
PC
systems.
The
Company's
goal
is
to
become
the
VARs'
source-of-choice
for
build-to-order
PC
systems. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | International
Merchantile
Corp.,
through
a
reverse
merger
on
9/99
with
Micromatrix.com,
manufactures
custom-configured,
build-to-order,
unbranded
or
white-box
desktop
systems
and
servers
for
value
added
resellers.
For
the
three
months
ended
3/31/01,
revenues
fell
54%
to
$1
million.
Net
loss
totaled
$942
thousand,
up
from
$374
thousand.
Results
reflect
a
decrease
in
sales
and
an
increase
in
amortization
expense,
bad
debt
cost,
and
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Maxwell Apple, 61 Chairman,
Sec. | -- | C. Jewell, 43 Pres,
CEO, Director | $36K | Frederic Richardson, 40 Exec.
VP, Assistant Sec., Treasurer, Director | 495K | Dollar
amounts are as of 31-Dec-1999 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
|
|