| Business Summary | | HitCom
Corporation,
as
of
December
1999,
had
only
one
active
operating
subsidiary,
Channel
Telecom
Inc.
Channel
is
a
prepaid
telecommunication
services
company
based
in
Canada.
Channel
provides
long
distance
services
to
consumers
through
prepaid
cards
under
the
Channel
brands
and
private
label
brands.
Starting
in
December
1999,
HitCom
commenced
offering
direct-from-home
long
distance
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HitCom
is
a
telecommunications
company
providing
800-based
services,
voice
and
data
messaging
and
prepaid
telecommunication
services
through
its
switching
platforms.
For
the
nine
months
ended
9/30/00,
revenues
totalled
$128
thousand,
up
from
$0.
Net
loss
from
continuing
operations
rose
23%
to
$146
thousand.
Revenues
reflect
the
long
distance
telecommunication
service
was
launched
in
2000.
Higher
loss
reflects
higher
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Rajan Arora, 35 | Pres,
CEO | John Nashmi, 32 | CFO
and Corp. Sec. | Jeffrey Shier, 38 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|