| Business Summary | | Vitech
America,
Inc.
is
a
manufacturer
and
marketer
of
computer
products,
peripherals
and
software
to
business,
governmental
and
individual
clients
in
Brazil.
The
Company's
diversified
family
of
products
includes
desktop
personal
computers,
notebook
personal
computers,
workstations,
network
servers,
networking
equipment,
peripherals
and
software.
The
Company
offers
its
own
branded
products
and
is
the
exclusive
distributor
of
Gateway
computer
products
in
Brazil.
Vitech
also
provides
integrated
information
technology
solutions
for
its
corporate
and
governmental
customers.
Vitech
has
introduced
a
group
of
integrated
solutions
for
specific
vertical
markets
in
response
to
the
need
for
client-server
distributed
computing
solutions
in
Brazil.
These
turnkey
solutions
include
computer
and
networking
hardware,
software,
Internet
connectivity
and
support
services.
In
August
2001,
the
Company
filed
a
voluntary
petition
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VTCHQ
is
engaged
in
the
manufacture
and
distribution
of
computer
equipment
and
related
products,
and
the
financing
of
the
purchase
thereof,
in
Brazil.
For
the
three
months
ended
3/31/01,
revenues
fell
49%
to
$11.4
million.
Net
loss
totaled
$19.3
million
vs.
an
income
of
$15
thousand.
Revenues
reflect
impact
of
the
fire
causing
an
interruption
in
production
and
destroyed
inventory
items.
Net
loss
reflects
a
$6.9
million
litigation
charge
and
a
$5.9
million
loss
on
factory
fire. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Georges St. Laurent, III, 40 Chairman,
CEO | $270K | William St. Laurent, 36 Pres,
COO, Director | 270K | Edward Kelly, 33 CFO | 130K | Dollar
amounts are as of 31-Dec-2000 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
|
|