| Business Summary | | Senior
Care
Industries,
Inc.
is
a
diversified
firm
consisting
of
a
real
estate
division,
a
manufacturing
division
and
a
pharmaceutical,
nutriceutical
division.
As
of
December
31,
2000,
the
Company
had
no
operations
in
the
pharmaceutical
or
nutriceutical
division.
During
2000,
Senior
Care
entered
into
two
binding
agreements
to
purchase
companies
in
this
field.
They
included
MicroDentiX,
which
performs
dental
diagnostic
tests
for
periodontal
disease
by
the
use
of
DNA
analysis,
and
Physicians
Nutritional
Laboratories,
Inc.,
which
distributes
a
line
of
nutriceuticals
designed
by
doctors.
The
purchase
of
Physicians
Nutritional
Laboratories
was
completed
during
the
first
quarter
of
2001.
On
October
3,
2000,
the
Company
purchased
a
controlling
interest
in
Rent
USA,
Inc.
On
April
28,
2000,
Senior
Care
purchased
Noble
Concepts
Fidelity,
Inc.,
a
furniture
manufacturing
company
in
San
Diego,
California. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Senior
Care
Industries,
Inc.,
is
a
diversified
firm
consisting
of
a
real
estate
division,
a
manufacturing
division,
and
a
pharmaceutical
and
neutriceutical
division.
For
the
six
months
ended
6/30/01,
revenues
rose
59%
to
$4.6
million.
Net
income
totalled
$35
thousand,
vs.
a
loss
of
$61
thousand.
Revenues
reflect
$1.5
million
in
real
estate
sales
and
higher
property
rental
income.
Earnings
also
reflects
the
absence
of
$175
thousand
in
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | Stephen
Reeder,
Chmn./CEO Bob
Coberly,
CFO/VP David
Tsai,
VP Bob
Eschwege,
VP. | More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|