| Business Summary | | Worldwide
E
Commerce,
Inc.
intends
to
establish
wholly-
or
majority-owned
subsidiaries
offering
services
and/or
products
via
the
Internet;
and/or
acquire
equity
positions
in
other
entities
providing
products
and/or
services
via
the
Internet.
The
Company
intends
to
achieve
this
by
developing
and/or
acquiring
the
rights
or
licenses
to
products
and/or
services
for
Internet
delivery;
developing
or
acquiring
the
servers,
hardware,
networks
and
other
technology
necessary
to
make
the
products
and/or
services
deliverable
over
the
Internet;
marketing
the
selected
products
and/or
services
to
the
general
public;
hiring
experienced
management
and
other
key
personnel;
and
providing
seed
money
to
defray
general
operating
costs
until
such
time
as
the
entities
are
independently
viable. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Worldwide
E
Commerce's
new
business
focus
calls
for
the
Company
to
identify
emerging
companies
and/or
technologies
that
meet
its
investment
criteria
and
use
the
proceeds
from
the
World
Link
Asset
Purchase
to
invest
in
these
companies.
For
the
fiscal
year
ended
12/31/99,
the
Company
reported
no
revenues.
Net
loss
decreased
96%
to
$18
thousand.
Lower
loss
reflects
lower
general
and
administrative
expenses
and
the
absence
of
losses
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Theolene Moon, 70 | Chairman,
Pres | Fred Young, 67 | Sec.,
Treasurer, CFO, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|