| Business Summary | | iSECUREtrac
Corp,
formerly
known
as
Advanced
Business
Sciences,
Inc.,
was
founded
in
1995
to
develop
applications
utilizing
Global
Positioning
Systems
(GPS)
and
wireless
communications
technologies.
The
Company
sells
its
GPS-based
tracking
applications
for
specific
markets
through
qualified
third-party
partners.
The
Company
also
provides
an
Internet
based
services
platform
where
third
party
distributors
can
monitor/track
the
movement
of
people,
vehicles
and
assets
either
in
a
real-time
mode
or
by
viewing
historical
tracking
information.
The
Company
has
two
U.S.
patents
(#'s
6,072,396
&
6,100,806)
covering
the
core
developed
tracking
technology
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | iSECUREtrac
Corporation
develops
applications
utilizing
Global
Positioning
Systems
(GPS)
and
wireless
communications
technologies.
ISRE
also
provides
an
Interent
platform
for
monitoring/tracking
people
and
other
assets.
For
the
three
months
ended
3/31/01,
revenues
fell
53%
to
$29
thousand.
Net
loss
totalled
$2
million,
up
from
$573
thousand.
Revenues
reflect
a
decrease
in
individuals
being
monitored
and
leased.
Loss
also
reflects
higher
loan
acquisition
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael May, 51 Chairman | -- | John Gaukel, 56 Pres,
CEO, Director | $110K | James Stark, 38 VP,
CFO, Sec., Treasurer | 37K | 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
|
|