| Business Summary | | Meridian
USA
Holdings
Inc.
is
a
company
engaged
in
the
manufacture
and
sale
of
food
and
beverage
products.
The
first
product
the
Company
brought
to
the
market
was
a
sugar-free,
fat-free
chocolate
syrup,
which
the
Company
began
to
sell
in
1999
under
the
Sweet'N
Low
trademark,
licensed
from
Cumberland
Packing
Corp.
In
the
third
quarter
of
2000,
the
Company
introduced
a
sugar-free,
fat-free
and
additive-free
isotonic
refresher
drink
under
the
Company's
own
trademark,
ChampionLyte.
The
Company
began
the
development
of
sugar-free
syrups
while
operating
its
Old
Fashioned
Egg
Cream
Carts
in
1995
and
1996.
In
early
2000,
the
Company
expanded
its
product
line
to
include
two
new
flavors,
strawberry
and
vanilla
creme. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Meridian
USA
Holdings,
Inc.,
and
its
subsidiary,
The
Old
Fashioned
Syrup
Company,
Inc.,
develop,
market
and
sell
sugar-free,
fat-free,
cholesterol-free,
chocolate-flavored
syrup
to
retailers
and
food
service
customers.
For
the
six
months
ended
6/30/01,
revenues
fell
5%
to
$637
thousand.
Net
loss
applicable
to
Common
totalled
$3.3
million,
up
from
$790
thousand.
Results
reflect
the
Company's
focus
on
marketing
its
new
products
and
an
increase
in
selling,
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Alan Posner, 55 Chairman,
CEO, Chief Financial Officer, Sec. | $133K | Mark Streisfeld, 51 Pres,
Director | 133K | Steven Kreuscher, 36 Sr.
VP of Sales | -- | Christopher Valleau, 31 VP-Fin. | -- | 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
|
|