| Business Summary | | Biofarm,
Inc.,
effective
October
31,
2000,
has
changed
its
business
strategy
and
will
now
be
acquiring
a
minority
interest
that
represents
a
stated
percentage
in
each
of
several
private
companies.
Since
October
31,
2000,
the
Company
has
entered
into
Subscription
Agreements
with
the
following
corporations:
Continental
Sports
Management,
Infotier,
Ltd.,
Artwork
and
Beyond,
Inc.
The
Company
has
also
offered
to
purchase
shares
in
eight
additional
entities
in
which
Biofarm
will
be
a
selling
shareholder.
Two
of
11
Biofarm
investments
in
Continental
Sports
Management
and
Artwork
&
Beyond
have
submitted
SB-2
registration
filings
into
the
SEC
.
There
are
nine
more
Biofarm
investments
that
are
planning
to
file
a
registration
statement
into
the
SEC
in
fiscal
year
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Biofarm,
Inc.,
effective
October
31,
2000,
has
changed
its
business
strategy
and
will
now
be
acquiring
a
minority
interest
that
represents
a
stated
percentage
in
each
of
several
private
companies.
For
the
six
months
ended
4/30/01,
revenues
fell
70%
to
$12
thousand.
Net
loss
decreased
88%
to
$29
thousand.
Revenues
suffered
from
the
absence
of
a
$25
thousand
litigation
settlement
income.
Lower
loss
reflects
a
decrease
in
bad
debt
expense. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | David Stith, 71 | Pres
and Vice Chairman | Allan Esrine, 72 | CFO | Desiree Pierson, 38 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|