| Business Summary | | Nova
Natural
Resources
manufactures,
markets
and
sells
electronic
equipment,
including
computer
hardware,
computer
monitors,
television
sets,
Internet
access
devices
for
use
with
television
sets,
digital
video
devices
(DVDs)
and
related
equipment.
The
Company
was
formed
as
the
result
of
an
asset
purchase
agreement
whereby
Torita
Donghao
LLC
acquired
control
of
Nova
Natural
Resources.
The
Company
plans
to
expand
and
diversify
its
business
through
the
acquisition
of
profitable
high
growth
emerging
companies
engaged
in
businesses
that
may
differ
considerably
from
those
in
which
the
Company
is
presently
engaged. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NVNU
manufactures,
markets,
and
sells
electronic
equipment,
including
computer
hardware,
computer
monitors,
television
sets,
internet
access
devices
for
use
with
TV
sets,
digital
video
devices
(DVD's)
and
related
equipment.
For
the
six
months
ended
6/01,
revenues
fell
48%
to
$2.6
million.
Net
income
fell
54%
to
$345
thousand.
Revenues
reflect
shipment
delays.
Earnings
also
reflect
increased
cost
of
sales
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Edward Chan | Pres,
Treasurer, Director | Brian Spillane | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|