| Business Summary | | Ohio
&
Southwestern
Energy
Company
is
a
development
stage
company
that
is
devoting
substantially
all
of
its
present
efforts
to
establish
a
new
business.
On
July
31,
2000
the
Company
entered
into
an
Agreement
and
Plan
of
Reorganization
with
Canarab
Technology
Limited
(CAT)
whereby
CAT
became
a
wholly
owned
subsidiary
of
the
Company.
CAT
is
the
holder
of
a
Letter
Agreement
to
purchase
certain
interests
in
Strategic
Profits
Inc.
(SPI),
a
British
Columbia
corporation,
doing
business
as
communitystorefronts.com.
Ohio
&
Southwestern
Energy
Company,
through
its
pending
reorganization
with
CAT
and
thereby
its
interest
in
SPI,
and
in
consultation
and
with
the
support
of
its
major
shareholders,
has
chosen
as
its
primary
business
to
enter
the
mainstream
world
of
e-commerce
and
Internet
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ohio
and
Southwestern
Energy
Company
is
a
development
stage
company
devoting
substantially
all
of
its
present
efforts
to
seek
potential
merger
partners
and
acquire
new
businesses.
For
the
three
months
ended
3/31/01,
the
Company
reported
no
revenues.
Net
loss
totalled
$432
thousand,
up
from
$5
thousand.
Higher
loss
reflects
an
increase
in
general
and
administrative
expenses
attributable
to
a
$350
thousand
consulting
fee
and
$45
thousand
in
advertising,
legal,
investor
relation
and
management
fees. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Abbas Salih, 53 Chairman | $21K | Ralph Shearing, 44 Pres,
CEO, Director | 21K | 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
|
|