| Business Summary | | Dynamic
I-T,
Inc.,
through
its
BankNet
Kft
subsidiary,
offers
satellite
data
transmission
(VSAT)
services,
terrestrial
data
transmission
and
frame
relay
services,
Internet
service,
and
telecommunications
services.
The
Company
also
offers
distance
learning
through
its
Distance
Learning
Division.
BankNet's
satellite
data
transmission
segment
provides
data
communication
services,
using
VSAT
technology,
to
banks,
governmental
organizations,
insurance
companies
and
other
corporations
mainly
in
Hungary
and
in
other
parts
of
Europe.
Terrestrial
data
and
frame
relay
services
are
provided
to
Internet
service
providers
and
local
Hungarian
companies.
Telecommunications
services
include
provision
of
ground
operations
for
major
multi-national
telecommunication
companies
in
Hungary
and
in
single
channels
per
carrier
links.
The
Company
is
developing,
and
delivering
via
the
Internet,
tailored
global
distance
educational
courses
including
business,
corporate,
medical
and
pedagogical
programs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dynamic
I-T,
Inc.
provides
a
broad
range
of
telecommunication
services
consisting
of
terrestrial
data,
satellite
data
and
Internet
services
to
Hungarian
and
multi-national
corporations.
For
the
three
months
ended
3/31/01,
revenues
fell
27%
to
$710
thousand.
Net
loss
totalled
$145
thousand
vs.
an
income
of
$220
thousand.
Revenues
reflect
a
decrease
of
VSAT
related
services.
Loss
reflects
an
increase
in
professional
services
and
administrative
salaries. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Spencer Young, 62 | Pres,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|