| Business Summary | | NuWay
Energy,
Inc.,
formerly
known
as
Latin
American
Casinos,
Inc.,
operates
a
slot
machine
rental
and
remanufacturing
Company
in
South
America
and
is
involved
in
the
distribution
and
sale
of
its
own
premium
brand
cigars
in
the
United
States.
As
of
December
31,
2000,
approximately
678
slot
machines
were
in
operation
in
Peru
and
approximately
324
slot
machines
were
in
operation
in
Colombia.
These
machines
are
installed
in,
among
other
establishments,
drug
stores,
pool
halls,
bars,
restaurants
and
nightclubs.
Through
its
subsidiary,
World's
Best
Rated
Cigar
Company,
the
Company
offers
hand-made
premium
cigars
at
prices
significantly
lower
that
retail
prices. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NuWay
Energy,
Inc.
engages
in
slot
machine
rental
and
remanufacturing
in
South
America.
The
Company
also
distributes
and
sells
its
own
premium
brand
cigars
in
the
US.
For
the
six
months
ended
6/30/01,
revenues
fell
30%
to
$337
thousand.
Net
loss
rose
98%
to
$1.4
million.
Revenues
reflect
the
overall
weakness
of
the
economy
in
South
America
and
continued
concerns
over
political
changes.
Higher
losses
also
reflect
$411
thousand
charges
for
restructuring. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Todd Sanders, 29 CEO,
Director | $100K | Jeffrey Felder, 37 Interim
Pres | -- | Geraldine Lyons, 61 Interim
CFO | -- | William Bossung, 42 COO,
Director | 100K | Dollar amounts are as of 31-Dec-2000 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
|
|