| Business Summary | | Pacific
Cart
Services
Ltd.
was
incorporated
on
August
27,1998,
to
market
mobile
vending
cart
and
certain
other
equipment,
relating
to
hot
dog
vending
under
the
brand
name
Mr.
Tube
Steak.
The
mobile
vending
cart
is
available
in
several
styles,
including
a
counter
top
model
and
an
easy
tow
trailer
cart.
The
Company
is
a
development
stage
corporation
that
has
not
yet
commenced
operations.
In
January
1999,
the
Company
signed
a
five-year
exclusive
distribution
agreement
with
Mr.
Tube
Steak
Canada,
Inc.
(MTS)
to
market
its
mobile
vending
cart
in
Washington
and
California.
Having
acquired
the
carts
and
products
from
MTS
for
a
fixed
price,
as
set
forth
in
the
agreement,
the
Company
then
has
the
right
to
determine
the
price
to
sell
them
in
California
and
Washington. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pacific
Cart
Services
Ltd.
is
a
development
stage
company
engaged
in
the
marketing
of
mobile
vending
carts
and
certain
other
equipment
relating
to
hot
dog
vending
under
the
brand
name
Mr.
Tube
Steak.
For
the
six
months
ended
6/30/01,
revenue
totaled
$4
thousand,
up
from
$0.
Net
loss
decreased
78%
to
$173
thousand.
Revenues
reflect
interest
income
earned
on
loans
receivable.
Lower
loss
reflects
the
absence
of
costs
related
to
stock
issued
for
consulting. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999
Compensation | | Pay | Exer | |
| James Oste Chairman | $24K | $80K | Robert Kinloch Pres,
CEO, Director | 22K | 40K | David Glass CFO,
Sec., Treasurer, Director | -- | -- | Dollar
amounts are as of 31-Dec-1999 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
|
|