| Business Summary | | Reddi
Brake
Supply
Corp.'s
only
significant
asset
was
its
wholly
owned
(operating)
subsidiary
RBSC,
Inc.
(formerly
Reddi
Brake
Supply
Company,
Inc.).
The
subsidiary
has
filed
for
Chapter
11
bankruptcy
protection.
All
of
the
subsidiary's
operating
assets
were
sold
to
satisfy
claims
of
creditors.
Since
the
divestiture
of
the
Company's
subsidiary,
the
Company
has
not
engaged
in
any
operations.
At
the
present
time,
the
Company
continues
to
seek,
investigate,
and
if
warranted,
acquire
an
interest
in
a
business
opportunity.
The
Company
does
not
propose
to
restrict
its
search
for
a
business
opportunity
to
any
particular
industry
or
geographical
area
and
may,
therefore,
engage
in
essentially
any
business
in
any
industry. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Reddi
Brake
Supply
Corp.
does
not
currently
engage
in
any
operations.
The
Company
intends
to
seek,
investigate
and
if
warranted
acquire
an
interest
in
a
business
opportunity.
For
the
nine
months
ended
3/01,
net
sales
remained
flat
at
$0.
Net
loss
rose
3%
to
$797
thousand.
Revenues
reflect
the
divestiture
of
the
Company's
only
subsidiary
due
to
Chapter
11
bankruptcy.
Higher
loss
reflects
increased
administration,
legal
and
professional
costs. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John Chymboryk, 47 | Pres,
Director | Kip Eardley, 41 | Sec.,
Treasurer, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|