| Business Summary | | MPTV,
Inc.
is
engaged
in
the
timeshare
industry.
Through
its
wholly
owned
subsidiary,
Consolidated
Resort
Enterprises,
Inc.,
the
Company
plans
to
develop
and
market
timeshare
resort
properties.
The
Company's
principal
asset
is
an
investment
in
a
resort
property,
Lake
Tropicana,
located
in
Las
Vegas,
Nevada,
adjacent
to
the
MGM
Grand
Hotel/Casino
and
Theme
Park.
Lake
Tropicana
consists
of
176
apartment
units
located
in
22
separate
buildings,
and
upon
completion
of
renovation,
will
feature
swimming
pools,
a
tennis
court,
a
spa
and
recreational
center,
waterfalls
and
lush
landscaping
throughout
the
project.
The
176
units
are
comprised
of
96
two-bedroom
units
averaging
880
square
feet,
56
one-bedroom
units
averaging
660
square
feet
and
25
studio
units,
with
dividers,
averaging
420
square
feet. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MPTV,
Inc.
is
engaged
in
Timeshare
Development,
Resort
Management
and
Vacation
Oriented
TV
Entertainment
and
Advertising.
The
Company's
current
timeshare
resort
development
is
Lake
Tropicana
Resort
in
Las
Vegas.
For
the
six
months
ended
6/30/01,
revenues
totaled
$15
thousand,
vs.
no
revenue.
Net
loss
rose
rose
39%
to
$1.8
million.
Results
reflect
the
rentals
of
Lake
Tropicana
Apartment,
offset
by
increased
IR,
marketing
and
consulting
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Hurley Reed, 64 Chairman,
Pres, CEO, Chief Financial Officer | $306K | 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
|
|