| Business Summary | | Chadmoore
Wireless
Group,
Inc.,
together
with
its
subsidiaries,
is
a
holder
of
frequencies
in
the
United
States
in
the
800-megahertz
(MHz)
band
for
commercial
specialized
mobile
radio
(SMR)
service.
The
Company's
operating
territory
covers
approximately
55
million
people
in
180
markets,
primarily
in
secondary
and
tertiary
cities
throughout
the
United
States.
The
Company
also
entered
the
900-MHz
market
with
the
completion
of
its
purchase
of
16
10-channel
wide-area
licenses
in
seven
Metropolitan
Trading
Areas
during
2000.
Chadmoore's
commercial
SMR
service
provides
real-time
voice
communications
for
cost-conscious
companies
with
mobile
workforces
that
have
a
need
to
frequently
communicate
with
their
entire
fleet,
discrete
subgroups
or
individuals
of
their
fleet.
On
August
21,
2000,
the
Company
signed
an
agreement
and
plan
of
reorganization
with
Nextel
Communications,
Inc.
(Nextel),
under
which
Nextel
would
acquire
substantially
all
of
the
Company's
assets
in
a
tax-free
reorganization. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Chadmoore
Wireless
Group
is
a
holder
of
frequencies
in
the
800
megahertz
band
for
commercial
specialized
mobile
radio
service,
with
an
operating
territory
covering
55
million
people
in
180
markets.
For
the
six
months
ended
6/30/01,
revenues
fell
26%
to
$2.8
million.
Net
loss
applicable
to
Common
fell
7%
to
$6.6
million.
Results
reflect
lower
service
and
equipment/maintenance
sales,
offset
by
decreased
salaries
and
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Robert Moore, 42 Pres,
CEO, | $195K | Stephen Radusch, 47 CFO,
Treasurer | -- | Rick Rhodes, 45 Sr.
VP,Sec. and CRO | 140K | Richard Leto, 41 Treasurer | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|