| Business Summary | | Coverge
Global
Inc.'s
business
has
been
focused
in
the
electronic
commerce
(e-commerce)
industry,
developing
specialty
Websites
catering
to
niche
market
segments,
as
well
as
building
a
market
that
provides
complete
e-commerce
solutions
to
other
businesses.
While
the
Company
plans
to
continue
to
operate
DigitalMen.com
in
the
near
term,
the
Company
has
discontinued
development
of
its
other
Website
projects,
including
LiquidationBid.com,
DesiTV.com
and
Machmail.com.
Due
to
the
recent
downturn
in
the
Website
and
Internet
industry,
the
Company
is
now
pursuing
other
opportunities
in
the
technology
sector.
The
Company
has
not
yet
identified
any
specific
opportunities,
but
such
could
include
the
Company's
own
development,
acquisitions
or
some
other
type
of
relationship
with
third
party
companies
in
the
hardware
and
software
industries.
The
Company
will
also
consider
other
applications
in
the
Internet
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Converge
Global,
Inc.
has
established
an
Internet
technology
development
infrastructure
upon
which
the
Company
intends
to
develop
and
launch
proprietary,
commerce-driven
specialty
Web
portals,
each
targeted
to
a
market
niche.
For
the
six
months
ended
6/30/01,
revenue
fell
from
$358
to
$0.
Net
loss
decreased
74%
to
$194
thousand.
Lower
loss
reflects
lower
operating
costs
due
to
the
Company
no
longer
consolidating
the
results
of
EssTec. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Imran Husain, 32 Pres,
CEO, Director | $60K | Hamid Kabani, 39 CFO | -- | A. Rahman, 32 Sec.,
Treasurer, Director | -- | 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
|
|