| Business Summary | | Nextgen
Communications
Corp.,
was
a
multi-state
service
company
specializing
in
industrial
cleaning
and
remediation
services,
including
soil
and
groundwater
remediation,
hazardous
materials
management
and
clean-up,
asbestos
abatement
and
lead
hazard
removal
services,
to
its
customers
located
primarily
in
the
states
of
Illinois,
Iowa,
Missouri,
Nebraska
and
Washington.
In
2000,
the
Company
adopted
a
strategy
of
moving
away
from
the
environmental
services
business
and
directing
its
attention
to
industries
it
considers
more
profitable.
To
this
end,
on
September
29,
2000,
the
Company
sold
its
holdings
in
P.W.
Stephens
Environmental,
Inc.,
P.W.
Stephens
Contractors,
Inc.,
P.W.
Stephens
Services,
Inc.
and
P.W.
Stephens
Northwest,
Inc.
to
Spruce
MacIntyre
Holding
Corp.
On
February
23,
2001,
the
Company
signed
a
Letter
of
Intent
to
purchase
the
assets
of
Apache
Telecom,
LP
of
Houston,
Texas.
Apache
is
a
provider
of
wireless
infrastructure
services
in
the
southwestern,
United
States. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | 10591
Nextgen
Communications
Corp.
was
a
multi-state
service
company,
specializing
in
painting,
fireproofing,
hydroblasting
and
vacuum
services.
For
the
comparable
three
months
ended
3/31/01,
revenues
fell
99%
to
$30
thousand.
Net
loss
fell
85%
to
$218
thousand.
Revenues
reflect
the
sale
of
the
holdings
in
PWSE,
PWSC,
PWSS
and
PWSN.
Lower
losses
reflect
the
absence
of
$2.7
million
in
cost
of
revenue
expenses
and
a
decrease
of
$1.5
million
in
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Frank Fradella, 45 | Chairman,
Pres, CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|