| Business Summary | | Rhino
Enterprises
Group,
Inc.
is
a
holding
company
engaged
in
the
acquisition,
incubation
and
development
of
start-ups
and
emerging
growth
companies
(the
business
incubation
segment).
The
Company
also
provides
laser
eye
surgical
procedures
(eye-care
segment).
The
business
incubation
segment
provides
management,
consulting
and
administrative
support
services
to
the
Company's
portfolio
(platform)
companies.
Rhino
also
advances
funds
to
these
companies
under
an
agreement
that
allows
it
to
obtain
repayment
in
the
form
of
cash,
with
interest
or
conversion
into
equity
of
the
portfolio
company.
The
eye-care
segment,
Eyesite.com,
Inc.,
a
Delaware
corporation,
plans
to
own
and
manage
multiple
Eyesite
Laser
Centers
that
provide
laser-vision
correction
procedures,
such
as
LASIK
(Laser
In-Situ
Keratomileusis),
to
correct
refractive
vision
disorders
including
myopia
(nearsightedness),
hyperopia
(farsightedness)
and
astigmatism.
Rhino
opened
its
first
Laser
Center
in
Dallas,
Texas,
in
July
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RHNO
is
a
holding
company
engaged
in
the
acquisition,
incubation
and
development
of
start-ups
and
emerging
growth
companies.
RHNO
also
provides
laser
eye
surgical
procedures.
For
the
three
months
ended
3/31/01,
revenues
totaled
$292
thousand,
up
from
$8
thousand.
Net
loss
totaled
$1.3
million,
up
from
$564
thousand.
Results
reflect
higher
revenues
from
the
eyecare
business
segment.
Higher
loss
reflects
the
inclusion
of
a
$986
thousand
charge
for
the
write-off
of
uncollectible
advances. | More
from
Market Guide: Significant
Developments |
| | | Robert
W. Moehler,
Chmn./Pres. Daniel
H. Weaver,
Exec. VP-Fin./Secy./Treas. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|