| Business Summary | | recordLab
Corporation,
formerly
Midisoft
Corporation,
develops
software
for
the
creation
and
distribution
of
music
and
the
control
of
sound
on
personal
computers.
The
products
enable
users
to
learn
to
play
instruments,
create
and
share
music,
produce
print-quality
sheet
music
and
view
the
musical
notation
of
sounds
as
they
are
being
played
on
the
computer.
The
Company
has
refined
and
expanded
these
products
to
include
playing
and
viewing
other
forms
of
media,
such
as
video.
Media
utilities
are
sold
to
original
equipment
manufacturers
that
incorporate
these
utilities
into
their
products
for
sale
to
computer
manufacturers
or
end
users.
The
Company
has
also
formed
alliances
with
Internet
content
aggregators
and
providers
to
download
its
Internet
Media
Player
and
other
Internet
products.
recordLab's
products
are
sold
primarily
through
retail
vendors
of
personal
computers
and
software.
In
1998,
the
Company
began
selling
through
music
and
instrument
stores
to
reach
amateur
musicians. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | recordLab
Corporation
provides
innovative
music
applications
and
utilities
for
the
control
and
use
of
sound
on
the
personal
computer.
For
the
three
months
ended
3/31/00,
revenues
decreased
59%
to
$55
thousand.
Net
loss
increased
from
$816
thousand
to
$2.1
million.
Revenues
reflect
the
Company's
decision
to
redirect
resources
from
the
computer/software
retail
channel
to
the
development
of
the
web
based
business.
Loss
also
reflects
lower
gross
profit
and
higher
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Dalton Kaye, 37 Chairman | -- | Larry Foster, 54 Pres,
CEO, Vice Chairman | $135K | Gary Cully, 49 VP-Fin.,
CFO | 108K | Marsha Murry, 52 Sec. | -- | 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
|
|