| Business Summary | | Iceberg
Corporation
of
America
supplies
premium
beverage
products,
including
iceberg
water,
beer
and
vodka,
which
utilize
only
water
obtained
from
icebergs
as
their
core
ingredient.
The
Company
and
Icecap
Equity
Inc.
purchased
Iceberg
Industries
Corporation.
Iceberg
Industries
was
the
first
holder
of
a
permit
to
harvest
icebergs
under
the
Government
of
Newfoundland
and
Labrador's
water
use
policy.
The
technology
for
harvesting
icebergs
is
unique
to
Iceberg
Industries.
The
Company's
family
of
products
is
comprised
of
bottled
iceberg
water,
iceberg
vodka,
iceberg
beer,
crushed
iceberg
ice,
and
bottled
natural
spring
water.
Additions
to
the
product
line
are
currently
in
the
planning
process,
including
"ice
tea"
and
other
products
that
use
water
as
a
foundation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ICBG,
a
development
stage
company,
engaged
as
a
commercial
supplier
of
premium
beverage
products,
including
iceberg
water,
beer
and
vodka,
which
primarily
utilize
water
obtained
from
icebergs
as
the
core
ingredient.
For
the
nine
months
ended
3/31/01,
revenues
rose
5%
to
$547
thousand.
Net
loss
rose
20%
to
$2.1
million.
Results
reflect
higher
sales
from
bottling
spring
and
iceberg
water,
offset
by
increased
interest
charges
due
to
the
issuance
of
debenture. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Paul Benson, 46 Pres,
CEO, Director | $63K | Lewis Stoyles, 50 VP-Fin.,
CFO, Director | 51K | Maurice Murphy, 48 VP-Operations | 45K | Ronald Stamp, 45 VP
of Marketing, Director | 60K | 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
|
|