| Business Summary | | Focus
Affiliates,
Inc.
is
engaged
in
the
wholesale
distribution
of
wireless
communications
products.
The
Company
has
begun
to
transition
its
business
to
that
of
a
business-to-business
(B2B)
e-commerce
provider
of
wireless
communications
products
and
services.
The
Company
has
adopted
a
new
e-commerce
strategy
to
exchange
goods,
services
and
information
online.
The
emphasis
will
be
on
the
elimination
of
supply
chain
friction
and
reducing
transaction
costs
while
helping
wireless
service
providers
gain
access
to
a
broader
range
of
customers
and
generating
new
revenue
opportunities
through
emerging
channels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Focus
Affiliates,
Inc.
provides
innovative
wireless
products
and
services,
utilizing
the
efficiencies
of
the
internet
e-commerce
solutions.
FONE
intends
to
continue
expansion
by
building
more
direct
relationships
with
major
wireless
manufacturers,
carriers
and
resellers.
For
the
six
months
ended
6/00
revenues
rose
16%
to
$16.4
million.
Net
loss
before
extraordinary
item
totalled
$8.2
million,
up
from
$2.2
million.
Results
reflect
the
CWI
acquisition,
offset
by
merger
and
IT
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| John Swinehart, 43 Chairman,
COO, VP-Fin. | $74K | Michael Hedge, 44 Pres,
CEO | 161K | Mark Fruehan, 39 Exec.
VP of New Bus. Devel. and Strategic Planning | 108K | James Krohn, 43 VP,
CFO | -- | Cary Maimon, 44 VP-Gen.
Mang. | -- | 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
|
|