| Business Summary | | Covista
Communications
Inc.
is
a
regional
facilities-based
long
distance
telecommunications
and
Internet
service
provider
servicing
both
the
commercial
and
wholesale
marketplace.
The
Company's
retail
segment
operates
principally
in
the
Northeast,
primarily
servicing
small
and
medium-sized
businesses.
The
Company's
products
and
services
include
a
broad
range
of
voice,
data
and
Internet
solutions.
The
wholesale
division
provides
domestic
and
international
termination
services
to
carriers
worldwide
at
competitive
rates.
The
Company
currently
owns
and
operates
two
long
distance
switches,
in
New
York
City
and
Newark,
New
Jersey.
In
addition,
the
Company
currently
owns
and
operates
two
carrier
grade
routers,
a
remote
access
server
and
an
e-mail
server
located
in
New
York
City
and
Northern
New
Jersey
for
its
Internet
service
offerings.
Covista
has
a
Network
Operations
Center
in
Northern
New
Jersey,
to
monitor
and
control
its
New
Jersey
network
and
to
coordinate
its
various
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CVST
is
a
regional
facilities-based
long
distance
telecommunications
provider
servicing
both
the
commercial
and
wholesale
marketplace,
and
offering
a
broad
range
of
voice,
data
and
Internet
services.
For
the
three
months
ended
4/30/01,
net
sales
fell
7%
to
$29.4
million.
Net
loss
totaled
$4.6
million,
up
from
$1.5
million.
Revenues
reflect
a
decrease
in
retail
minutes
sold.
Higher
loss
also
reflects
increased
administrative
costs
and
lower
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Henry Luken III, 40 Chairman | -- | -- | A. John Leach, Jr., 38 Pres,
CEO, Director | $225K | -- | Thomas Gunning, 63 CFO,
VP, Treasurer, Sec. | 159K | $58K | Kevin Alward COO,
Director | -- | -- | Dollar
amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|