| Business Summary | | Vitafort
International
Corporation
was
originally
formed
to
develop
value-added
foods
and
beverages
for
third
parties.
Vitafort
changed
its
strategic
direction
and
began
developing,
distributing
and
marketing
proprietary
healthy
snacks
under
Company-owned
brands.
Vitafort
continued
to
develop,
market
and
distribute
snacks
to
the
retail
grocery
trade
through
its
wholly
owned
subsidiary,
Visionary
Brands,
Inc.
These
products
have
been
marketed
under
Company-developed
brands
such
as
"Peanut
Squeeze,"
or
licensed
brands
procured
by
the
Company
such
as
"The
Wizard
of
Oz"
marshmallows.
Due
to
the
significant
losses
caused
by
the
quality
control
problems
at
the
manufacturer
of
the
Company's
Peanut
Squeeze
product,
Haarmann
&
Reimer
and
the
Company's
inability
to
raise
additional
capital
required
to
move
it
forward
due
to
these
losses,
Vitafort
shut
down
all
operations
of
Visionary
Brands
and
has
focused
its
resources
on
building
its
primary
asset,
its
HP.com
subsidiary. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Vitafort
International
Corp.
is
engaged,
through
a
subsidiary,
in
the
operation
of
a
sports
marketing
business.
The
Company
recently
suspended
the
operations
of
its
other
two
businesses.
For
the
three
months
ended
3/31/01,
revenues
totalled
$0
vs.
$436
thousand.
Net
loss
before
extraordinary
item
fell
56%
to
$493
thousand.
Revenues
reflect
the
company
shutting
down
operations.
Higher
loss
reflects
lower
consulting
costs
and
a
decrease
in
staffing. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000
Compensation | | Pay | Exer | |
| Mark Beychok, 44 Chairman | $219K | -- | John Coppolino, 40 Pres,
Director | 137K | -- | Fred Rigaud, 56 Acting
CFO | 76K | $1.0K | Valerie Broadbent, 62 Sec. | 59K | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|