| Business Summary | | Global
Seafood
Technologies,
Inc.
is
engaged
in
seafood
processing
and
packaging,
the
aquaculture
production
of
seafood
and
processing,
packaging
and
distribution
of
bait
products
for
recreational
fishing.
The
Company's
principal
line
of
business
is
the
full-service
processing,
packaging,
and
storage
of
shrimp
and
other
seafood.
This
business
is
conducted
through
its
wholly
owned
subsidiaries,
Custom
Pack,
Inc.
and
CoMar
Foods,
Inc.
The
products
are
distributed
to
many
seafood
restaurant
chains
and
retail
grocery
outlets.
For
the
last
three
fiscal
years
(1998,
1999,
2000),
the
operations
from
this
business
segment
accounted
for
99.9%,
99.9%
and
91.7%
of
total
Company
revenues,
respectively.
All
of
the
Company's
sales
were
to
the
United
States
for
these
three
fiscal
years.
Foreign
or
export
sales
are
not
expected
to
be
a
material
factor
in
future
revenues. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Global
Seafood
Technologies
Inc.
is
a
full-service
processor,
packager,
and
storage
provider
of
shrimp
and
other
seafood.
For
the
three
months
ended
6/30/01,
net
sales
fell
6%
to
$3.7
million.
Net
income
totaled
$144
thousand,
vs.
a
loss
of
$252
thousand.
Revenues
reflect
a
decrease
in
product
sales
and
processing
sales
in
the
core
business
segment.
Net
income
reflects
the
increased
gross
margins
available
from
the
Killer
Bee
and
aquaculture
segments. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Brent Gutierrez, 38 Chairman,
Pres, CEO, Chief Financial Officer, Treasurer | $134K | Clayton Gutierrez, 35 Sr.
VP, Sec., Director | 134K | Dollar amounts are as of 31-Mar-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
|
|