| Business Summary | | Commerce
Group
Corp.
(Commerce)
is
in
the
business
of
precious
metals
mining
and
is
reactivating
its
interest
in
the
Internet
business.
The
Company
is
the
only
precious
metals
company
that
has
produced
gold
in
the
past
ten
years
in
the
Republic
of
El
Salvador,
Central
America.
Commerce
also
is
involved
in
the
exploration,
exploitation
and
development
of
precious
metals
in
El
Salvador.
The
Company's
gold
ore
reserve
exceeds
1.5
million
ounces.
In
conjunction
with
its
strategy,
Commerce
is
determined
to
acquire
a
business
combination
to
assist
it
in
achieving
its
goals.
The
Company
continues
to
seek
compatible
acquisition
or
merger
candidates
in
the
precious
metals
field
and/or
in
the
Internet
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CGCO
engages
in
gold
mining
and
related
activities,
including
exploring,
developing,
extracting
and
processing
precious
metals
in
El
Salvador.
CGCO
has
recently
entered
the
web
portal
business
via
the
launch
of
www.MyInternet.to.
For
the
three
months
ended
6/30/01,
revenues
fell
from
$27
thousand
to
none.
Net
loss
totaled
$8
thousand
vs.
income
of
$463.
Revenues
reflect
the
absence
of
gold
sales.
Net
loss
also
reflects
the
absence
of
any
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Edward Machulak, 75 Chairman,
Pres, CEO, Chief Financial Officer, COO, Treas. | $165K | Edward Machulak, 49 Exec.
VP, Sec. | -- | Luis Limay, 59 Project
and Mine Mang. of El Salvador Operations | -- | Dollar
amounts are as of 31-Mar-2001 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
|
|