| Business Summary | | VirtualFund.com,
Inc.
(VFND)
is
a
development-stage
Internet
Venture
Resource
Company
actively
engaged
in
business-to-business
(B2B)
e-commerce.
During
the
fiscal
year
ended
June
30,
2000,
the
Company
operated
in
two
business
segments,
the
Digital
Graphics
Business
Unit
(DGBU)
and
the
Internet
Services
Business
Unit
(ISBU).
On
October
21,
1999,
the
Company
announced
its
intention
to
sell
the
DGBU
assets
and
to
focus
its
future
efforts
on
further
developing
the
ISBU.
On
June
13,
2000,
completed
the
sale
of
the
DGBU
assets
to
MacDermid
Incorporated.
The
ISBU
designs
and
develops
technology
solutions
for
the
Internet-based
B2B
economy.
ISBU
products
and
technologies
target
small
businesses,
middle-market
companies
and
enterprise
workgroups
(SME
companies).
In
addition
to
other
development-stage
activities,
the
ISBU
currently
includes
two
subsidiaries
wholly
owned
by
VFND,
B2BXchange,
Inc.
and
RSPNetwork,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VFND,
operates
through
its
Internet
Services
Business
Unit,
provides
information
system
design,
implementation
and
support
service,
develops
and
sells
Internet-based
electronic
commerce
software,
and
provides
Internet
hosting
services.
For
the
nine
months
ended
3/31/01,
net
sales
fell
11%
to
$4.6
million.
Net
loss
from
continuing
operations
totalled
$22.7
million,
up
from
$8.9
million.
Results
reflect
decreases
in
VAR
product
sales
and
Internet
service
revenues
and
higher
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Timothy Duoos, 43 | Chairman | Monte Johnson | Interim
CEO | Robert Kelly | Acting
Pres | Edward Adams, 36 | Vice
Chairman | Timothy Demers | Acting
CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|