| Business Summary | | 5th
Avenue
Channel
Corp.
is
multimedia
company
that
utilizes
the
convergence
of
the
Internet
and
television
to
provide
products
and
services
to
its
customers.
Formerly
known
as
Tel-Com
Wireless
Cable
TV
Corporation,
the
Company,
in
the
past,
created
and
aggregated
television
and
video
content
in
niche
categories
and
made
this
content
available
on
television
and
Websites.
The
Company
licensed
this
content
to
other
Websites
and
television
channels.
The
Company
operates
a
wireless
cable
television
system
in
Wisconsin
and
has
licenses
for
microwave
frequencies
in
Costa
Rica.
The
Company
also
sells
products
to
mass-market
retailers
across
the
country
through
its
subsidiary,
5th
Avenue
Retail,
Inc.,
its
business-to-business
sales
division.
Its
television
and
Internet
production
division,
NetVideo
Networks,
currently
produces
programming
for
national
cable
television
and
Internet
distribution. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FAVE
is
a
developer,
owner
and
operator
of
wireless
cable
television
systems
in
Costa
Rica
and
Wisconsin.
The
Company
also
intends
to
move
forward
as
a
multi-media
Internet
company.
For
the
three
months
ended
3/31/01,
revenues
fell
48%
to
$242
thousand.
Net
loss
fell
63%
to
$989
thousand.
Revenues
reflect
a
lack
of
reorders
and
the
sale
of
the
Costa
Rica
operation.
Lower
loss
reflects
reductions
in
salary
and
related
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Melvin Rosen, 56 Pres,
CEO and Chairman | $180K | Dominique Sada, 43 CFO | -- | Michael Tedesco, 44 Pres
and COO of 5th Avenue Channel Retail, Inc. | -- | Eric Lefkowitz, 40 Exec.
VP | 150K | Ivan Rothstein, 56 Exec.
VP- Bus. Devel. | -- | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|