| Business Summary | | Initio,
Inc.
was
engaged
in
the
mail
order
retail
sale
of
consumer
products
principally
through
mail
order
catalogs
and,
to
a
lesser
extent,
through
media
advertising,
through
its
wholly
owned
subsidiary,
Deerskin
Trading
Post,
Inc.
On
July
20,
2000,
the
Company
entered
into
a
merger
agreement
with
Inculab,
Inc.
a
company
that
invests
in
high-tech
early-stage
companies
and
is
in
the
process
of
building
a
high-tech
launch
center
in
New
York
City,
New
York,
which
will
market
space
as
well
as
professional
consulting
and
financial
services
to
Internet
and
other
high-tech
early-stage
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Initio,
Inc.
was
engaged
in
the
mail
order
retail
sale
of
consumer
products
through
mail
order
catalogs
and
media
advertising.
On
5/21/99,
the
Company
sold
the
assets
of
these
operations
and
is
currently
looking
for
new
business
opportunities.
For
the
fiscal
year
ended
4/30/01,
revenues
fell
39%
to
$652
thousand.
Net
loss
from
continuing
operations
totaled
$525
thousand
vs.
an
income
of
$973
thousand.
Results
reflect
increased
losses
on
securities
and
the
absence
of
income
tax
benefits. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Daniel DeStefano, 69 Chairman | $36K | Martin Fox, 66 Pres,
Sec. | 36K | Dollar amounts are as of 30-Apr-2001 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
|
|