| Business Summary | | Hotelworks.com,
Inc.,
formerly
known
as
Hospitality
Worldwide
Services,
Inc.,
has
historically
been
organized
into
six
lines
of
business:
purchasing,
reorder,
logistics,
renovation,
real
estate
investment
and
asset
management,
and
hotel
development.
The
Company
has
announced
a
strategic
initiative
to
reposition
the
core
purchasing,
reorder
and
logistics
businesses,
and
to
divest
itself
of
its
renovation
business,
real
estate
investment
and
asset
management
business.
The
Company
has
decided
to
discontinue
its
hotel
development
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hotelworks.com
Inc.
provides
project
Purchasing,
ongoing
Reorder
and
Logistics
services
to
the
hospitality
industry.
For
the
six
months
ended
6/30/01,
revenues
fell
35%
to
$62.5
million.
Net
loss
applicable
to
Common
rose
95%
to
$3.2
million.
Revenues
reflect
pricing
pressures
in
the
hotel
industry
from
the
economic
downturn
and
a
decrease
in
the
number
of
hotel
development
and
renovation
projects.
Higher
loss
reflects
a
decrease
in
interest
income. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Leonard Parker, 70 Chairman,
Sec. | $250K | Douglas Parker, 42 Pres,
Acting CEO, Director | 255K | John Wilkens, 41 VP,
Treasurer, CFO, Chief Accounting Officer | 176K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|