| Business Summary | | Value
America,
Inc.
is
an
Internet-based
destination
retailer
that
offers
a
wide
selection
of
technology,
office
and
consumer
products
for
sale
at
its
Internet
site,
www.valueamerica.com.
Consumers
visit
the
the
Company's
online
store
as
a
result
of
its
traditional
advertising,
direct
response
marketing,
online
promotions,
affinity
marketing
and
Internet
browsing.
The
Company
derives
its
revenues
from
three
sources:
sales
of
products
through
the
Company's
online
store;
fees
collected
from
manufacturers
for
the
preparation
and
hosting
of
product
presentations
and
listing
of
manufacturers'
products
available
for
purchase
on
the
online
store;
and
advertising
on
the
online
store.
In
August
2000,
the
Company
announced
that
it
has
filed
and
will
reorganize
its
business
under
the
protection
of
a
Chapter
11
bankruptcy
proceeding. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VUSQE
is
an
Internet-based
retailer
that
sells
a
large
selection
of
high
quality,
brand
name
products
and
services
at
competitive
prices
to
both
consumers
and
businesses.
For
the
three
months
ended
3/31/00,
revenues
rose
68%
to
$47.2
million.
Net
loss
applicable
to
Common
decreased
58%
to
$27.4
million.
Revenues
reflect
increased
units
sold
due
to
growth
in
the
customer
base.
Net
loss
was
partially
offset
by
higher
S/G/A
expenses
due
to
charges
for
bad
debt. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999
Compensation | | Pay | Exer | |
| Glenda Dorchak, 45 Chairman,
Pres, CEO | $709K | $90K | Michael Waide, 52 CFO | -- | -- | John Steele, 44 Exec.
VP- Operations, COO | 429K | -- | Michael Bear Exec.
VP of Sales, Operations, and Customer Service | -- | -- | Paul Ewert, 51 Exec.
VP of Sales and Merchandising | 307K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|