| Business Summary | | J
Net
Enterprises,
Inc.,
formerly
known
as
Jackpot
Enterprises,
Inc.,
is
in
the
process
of
transforming
itself
into
a
technology
company
and
a
manager
of
technology
related
funds.
The
Company
has
made
significant
investments
in
two
Internet
infrastructure
companies
(TechTrader,
Inc.
and
Digital
Boardwalk,
LLC)
and
is
actively
involved
in
discussions
with
respect
to
potential
acquisition
of
entities
involved
in
the
Internet
infrastructure
business.
The
Company
acquired
a
1%
controlling
interest
in
Meister
Brothers
Investments,
LLC,
which
holds
a
portfolio
of
interest
investments
in
nine
technology
companies.
The
Company
also
established
and
is
the
lead
investor
in
J
Net
Ventures
I,
LLC,
an
entity
that
will
make
investments
in
Internet
and
technology
companies.
Prior
to
its
change
in
business
strategy,
the
Company
had
been
actively
engaged,
through
its
subsidiaries,
in
the
operation
of
gaming
machines
in
multiple
retail
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | J
Net
Enterprises,
effective
March
2000,
is
in
the
process
of
transitioning
itself
from
engaging
in
the
gaming
industry
into
a
technology
company
and
manager
of
technology
related
funds.
For
the
nine
months
ended
3/31/01,
Company
reported
no
revenues.
Net
loss
from
continuing
operations
totalled
$35.4
million
vs.
an
income
of
$7.2
million.
Results
reflect
the
absence
of
an
$11.1
million
net
fee
from
terminated
merger,
and
a
$19.4
million
equity
in
loss
in
internet-related
businesses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Allan Tessler, 64 Chairman,
CEO | $152.5K | Mark Hobbs, 44 Pres,
COO | 9.1K | Steven Korby, 54 Exec.
VP, CFO | 7.6K | Bob Torkar, 49 Sr.
VP-Fin., Treasurer, CAO | 265.0K | George Congdon, 51 Sr.
VP- Operations | 275.0K | Dollar amounts are as of 30-June-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
|
|