| Business Summary | | Out-Takes,
Inc.
formerly
operated
retail
photo
studios
but
has
shifted
its
business
to
providing
electrical
energy
through
Los
Alamos
Energy,
LLC.
Until
October
26,
1998,
the
Company
operated
a
retail
photo
studio,
called
Out-Takes,
located
in
MCA/Universal's
CityWalk
project
in
Los
Angeles,
California.
With
the
acquisition
of
Los
Alamos
Energy,
the
Company
is
engaged
in
a
niche
area
of
electricity
production
from
waste
gas,
natural
gas
which
is
produced
in
conjunction
with
oil
production,
but
for
which
there
is
no
market.
Normally,
waste
gas
is
flared,
or
burned.
The
procurement
of
waste
gas
provides
an
inexpensive
source
of
fuel
for
the
Company's
generators.
The
Company
currently
provides
all
of
the
electrical
energy
to
the
unincorporated
town
of
Los
Alamos,
California,
through
Pacific
Gas
and
Electric
Company,
which
is
mandated
by
current
law
to
purchase
all
the
electrical
energy
that
the
Company
can
produce. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Out-Takes,
Inc.
operates
a
one
mega
watt
power
plant
in
Los
Alamos,
California
which
produces
electricity
from
waste
gas,
and
intends
to
position
the
Company
as
an
independent
power
producer
for
consumers
in
California
and
elsewhere.
For
the
three
months
ended
6/30/01,
revenues
totaled
$122
thousand,
up
from
$53
thousand.
Net
loss
decreased
79%
to
$146
thousand.
Results
reflect
the
sale
of
power
to
entities
other
than
PG&E
and
acquisition
of
the
Atlas
Power
revenue
stream. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Peter Watt, 47 | Chairman,
Pres, CEO, Chief Financial Officer, Sec. | Michael Roubicek, 39 | VP
of the Company & Group Commercial Mang. of Photo Corp. Group Pty |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|