| Business Summary | | Saratoga
Holdings
I
Inc.
acquires
and
resells
portfolios
of
delinquent
and
defaulted
accounts
receivables
(charge-offs).
The
Company
intends
to
expand
its
business
through
the
acquisition
of
additional
portfolios
and
contingency
debt
collection
agencies.
The
Company
currently
has
no
charge-offs
under
its
ownership
or
control.
While
the
Company
intends
to
continue
the
pursuit
of
its
business
plan
it
aims
to
fully
explore
other
opportunities
that
may
benefit
its
shareholders.
The
management
of
Saratoga
Holdings
has
reviewed
industry
publications
that
provide
information
regarding
sources
of
delinquent
accounts
receivable
and
has
discussed
the
possibility
of
purchasing
accounts
receivable
with
a
number
of
sources,
including
several
banks
and
reseller
of
accounts
receivable.
Saratoga
Holdings
is
not
licensed
as
a
debt
collection
company
and
does
not
collect
receivables
directly.
Instead,
it
retains
contingency
collection
companies
to
collect
the
accounts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Saratoga
Holdings
I,
Inc.
is
engaged
in
the
business
of
purchasing
portfolios
of
accounts
receivables
at
a
discount
and
of
collecting
receivables
or
reselling
them
in
different
portfolios.
For
the
three
months
ended
3/31/01,
revenues
totalled
$0,
vs.
$15
thousand
in
the
prior
period.
Net
loss
totalled
$20
thousand,
up
from
$2
thousand.
Revenues
reflect
the
absence
of
a
$15
thousand
receivable
sale.
Higher
loss
reflects
an
increase
in
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Thomas Cooke, 50 | Pres,
CEO, Sec., Director | Sandra Smith, 51 | Assistant
Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|