| Business Summary | | Family
Room
Entertainment
Corporation,
originally
organized
as
Cobb
Resources,
was
incorporated
in
1969.
The
Company
is
a
motion
picture
entertainment
production,
finance,
distribution,
and
Internet
content
company.
As
Cobb
Resources
Corporation,
the
Company
had
been
active
in
the
mining
and
oil
and
gas
sectors.
Effective
February
3,
2000,
three
individuals
and
certain
entities
under
their
control
(collectively,
the
Investors)
acquired
88%
of
its
common
stock
through
a
series
of
transactions.
Concurrent
with
this
restructuring
transaction,
the
Company
acquired
interests
in
certain
film
projects.
Effective
May
22,
2000,
Cobb
Resources
Corporation's
name
was
changed
to
Family
Room
Entertainment
Corporation. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Family
Room
Entertainment
Corp.
is
a
Motion
Picture
Development
and
Production
entity
that
develops
and
produces
motion
pictures
intended
for
worldwide
theatrical
release
For
the
nine
months
ended
3/31/01,
revenues
totaled
$5.5
million,
vs
no
revenue.
Net
loss
from
continuing
operations
totaled
$504
thousand,
up
from
$4
thousand.
Results
reflect
the
sale
of
the
foreign
distribution
rights
of
a
major
film
project,
offset
by
increased
promotion,
salary
and
consulting
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | George Furla, 40 | Co-Chairman,
Pres, CEO | Randall Emmett, 29 | Co-Chairman,
COO, Sec. | Peter Benz, 40 | Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|