| Business Summary | | Bio-Aqua
Systems,
Inc.
is
engaged
in
the
sale
of
various
products
for
animal
nutrition,
including
fish
meal,
feather
meal
and
krill.
These
products
are
sold
worldwide
as
a
nutrient
additive
for
fish,
poultry
and
livestock
raised
for
human
consumption.
The
Company
sells
these
nutrient
products
under
the
Tepual
and
Inual
brands.
These
brands
are
held
by
its
subsidiary,
Profeed,
Inc.,
a
Bahamian
company.
In
April
2001,
the
Company
suspended
the
majority
of
its
business
activities,
including
its
scientific
research
and
development
projects
in
the
areas
of
brokerage
and
trading
of
fish
meal,
automatic
control
for
fish
meal
processing,
salmon
and
shrimp
immune
stimulants,
poultry
vaccines
and
red
tide
detection
and
cleansing
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bio
Aqua
is
an
international
broker
of
animal
nutrition
products,
including
fish,
feather
and
krill
meal.
Bio
Aqua
also
researches
poultry
vaccines.
For
the
three
months
ended
3/31/01,
revenues
fell
94%
to
$91
thousand.
Net
loss
totalled
$222
thousand,
vs.
an
income
of
$69
thousand.
Revenues
reflect
economic
deterioration
and
inability
to
raise
additional
capital
for
operations.
Net
loss
suffered
from
decreased
interest
income
and
other
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1998 Pay | |
| Max Rutman, 59 Chairman,
Pres, CEO | $48K | Guillermo Quiroz, 49 CFO,
VP of Fin. and Admin., Director | -- | David Mayer, 57 Assistant
Sec., Director | -- | Dollar amounts are as of 31-Dec-1998 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
|
|