| Business Summary | | Imagenetix,
Inc.
offers
a
number
of
products,
known
in
the
industry
as
nutraceutical
formulas
or
formulations,
to
its
clients.
These
formulations
are,
in
some
cases,
developed
by
the
Company's
clients,
co-developed
by
Imagenetix
and
the
client,
or
developed
exclusively
by
the
Company
for
the
client.
The
Company
also
has
developed
formulations,
which
it
intends
to
offer
directly
to
consumers
through
the
Internet.
The
Company
categorizes
its
current
revenue
producing
products
as
those
that
include
Celadrin
in
the
formulation
and
those
that
do
not. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Imagenetix,
Inc.
develops,
formulates
and
markets
nutritional
supplements
and
skin
care
products
primarily
to
network
marketing
companies.
For
the
fiscal
year
ended
3/31/01,
revenues
increased
59%
to
$4.6
million.
Net
loss
totaled
$360
thousand,
vs.
an
income
of
$87
thousand.
Revenues
benefitted
from
the
addition
of
new
clients
and
the
introduction
of
new
products
to
existing
customers.
Net
loss
reflects
an
increase
in
research,
legal
and
development
related
consulting
costs. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
1,064;
after
tax
earnings
were
122. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| William Spencer, 48 Pres,
CEO, Director | $54K | Patrick Millsap, Ph.D., 48 VP
of Marketing | 66K | Derek Boosey, 58 VP-International | 78K | Debra Spencer, 49 Sec.,
Treasurer, Director | 30K | Dollar amounts are as of 31-Mar-2001 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
|
|