| Business Summary | | ComTech
Consolidation
Group
Inc.
is
a
Houston-based
holding
company
whose
primary
focus
is
to
acquire
and
develop
Internet
and
technology
related
companies.
Effective
March
17,
2000,
the
board
of
directors
agreed
to
change
the
business
direction
of
the
Company
and
focus
primarily
on
growing
and
acquiring
Internet
and
technology
related
companies.
The
Company
will
increase
its
efforts
to
develop
and
expand
the
current
operations
of
Networks
Online
and
Enhanced
Internet
Service
Providers
as
well
as
aggressively
seek
to
acquire
other
Internet
related
properties.
The
Company
is
currently
in
talks
to
acquire
a
number
of
Internet
related
companies
and
Web
sites.
As
of
December
1999,
the
Company
had
only
three
operating
subsidiaries,
one
engaged
in
health
care
and
the
two
engaged
in
Internet-related
businesses.
These
entities
generate
approximately
$2
million
in
annual
revenues. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ComTech
Consolidation
Group,
Inc.
is
a
holding
co.
whose
primary
focus
is
to
acquire
and
develop
Internet
and
technolgy
related
companies.
CCGIE
will
also
continue
to
expand
the
operations
of
Networks
Online
and
Enhanced
Internet
Service
Providers.
For
the
nine
months
ended
9/30/00,
revenues
fell
15%
to
$1.1
million.
Net
loss
from
continuing
operations
totalled
$549
thousand
vs.
an
income
of
$73
thousand.
Results
reflect
increased
contractual
adjustments
and
corporate
operations
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Walter Davis, III, 48 Chairman,
Pres, CEO | $168K | Lamont Waddell, 57 CFO,
Director | 115K | 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
|
|