| Business Summary | | EMB
Corporation,
a
Tulsa
based
energy
company,
is
in
the
process
of
acquiring
various
natural
gas
pipelines,
located
in
the
State
of
Oklahoma,
from
Commanche
Energy,
Inc.
The
proposed
acquisition
was
subject
to
the
Company's
due
diligence
investigation
regarding
the
pipelines.
The
Company
expects
to
conclude
its
due
diligence
during
March
2001.
Thereafter,
the
Company
expects
that
it
will
conclude
negotiations
with
Commanche
regarding
the
final
terms
and
conditions
of,
and
transaction
documentation
for,
the
proposed
acquisition. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EMB
Corp.
was
engaged
in
the
orgination
and
process
of
residential
mortgages
from
9/99
to
3/00.
The
company
discontinued
its
mortgage
banking
operation
by
6/30/00
and
started
the
transition
to
an
oil
and
gas
company.
For
the
nine
months
ended
6/30/01,
revenues
totalled
$0,
vs.
$44
thousand.
Net
loss
from
continuing
operations
totalled
$3.8
million,
up
from
$1.1
million.
Results
reflect
the
absence
of
any
revenue
generating
operation
and
$1.8
million
loss
in
equity
investment. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Ben Campbell | Pres,
CEO, Director | Charles Edwards | Exec.
VP, Director | Kenneth Quist | VP
of Investor Relations |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|