| Business Summary | | Princeton
Media
Group
Inc.,
formerly
DeNovo
Corporation,
has
discontinued
operations.
During
2001,
management
of
the
Company
intends
to
pursue
a
plan
of
attempting
to
secure
an
acquisition
that
could
provide
stable
operations
that
would
restore
shareholder
value.
Through
1994,
the
principal
focus
of
the
Company's
activities
was
the
development
of
industrial
waste
heat
recovery
systems
and
wastepaper
recycling
projects.
In
1996,
the
Company
changed
its
focus
to
the
publishing,
printing,
and
related
media
industry
by
acquiring
substantially
all
of
the
assets
and
operations
of
a
publishing
and
printing
business
for
$7
million
and
substantially
all
of
the
assets
and
operations
of
a
second
publishing
business
also
for
$7
million. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PMGIF
operated
until
10/98
a
publishing
and
printing
business
that
owned,
published
and
printed
25
lifestyle
and
special
interest
magazines
for
the
U.S.
and
foreign
markets.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenues.
Net
loss
totaled
$12
thousand,
up
from
$6
thousand.
Higher
loss
reflects
increased
selling
and
administrative
expenses
due
to
increased
administrative
maintenance
and
related
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | James McNamara, 52 | Chairman,
Acting Pres, CEO and Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|