| Business Summary | | Red
Oak
Hereford
Farms,
Inc.
was
founded
for
the
purpose
of
creating
a
vertically
integrated
business
enterprise
to
market
and
sell
Red
Oak
Farms'
premium
branded
products
and
other
quality
synergistic
products
including
procuring,
producing,
processing,
marketing
and
distributing.
Red
Oak
Farms,
Inc.
(ROF),
a
wholly
owned
subsidiary,
markets,
distributes
and
promotes
Red
Oak
Farms'
Certified
Hereford
Beef.
The
Company,
through
ROF,
slaughters,
fabricates
and
further
processes
Premium
Hereford
Beef.
The
Company
also
plans
to
acquire
and
process
products,
along
with
its
beef,
to
produce
convenience
meals,
including
ROF
Premium
Beef
precooked
products,
frozen
ground
chuck
patties,
additional
precooked
offerings,
beef
jerky
and
sticks.
In
1999,
the
Company
concluded
arrangements
with
International
Trading
Partners,
LLC,
to
market
Royal
Salmon
of
Norway
seafood
products
and
continues
to
seek
other
sources
of
gourmet
food
items
from
both
the
United
States
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Red
Oak
Hereford
Farms
is
engaged
in
the
business
of
selling
premium,
branded,
fresh
beef
to
retail
and
food
service
markets,
and
in
buying
and
selling
feeder
cattle
in
the
wholesale
markets.
For
the
nine
months
ended
9/30/00,
net
sales
fell
17%
to
$44.7
million.
Net
loss
applicable
to
Common
rose
89%
to
$4.1
million.
Results
reflect
a
decrease
in
boxed
meat
sales
due
to
the
loss
of
customers
to
CHB
competitors,
and
increased
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Charles Kolbe, 58 Chairman | -- | Gordon Reisinger, 60 Pres,
CEO, Director | $141K | John Schiering, 54 COO | -- | John Derner, 49 Director
and VP | -- | Pete Hudgins, 45 VP
of Special Projects | -- | 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
|
|