| Business Summary | | WorldPort
Communications,
Inc.'s
business
strategy
is
focused
on
the
delivery
of
Internet
solutions
to
global
companies
doing
business
in
the
European
marketplace.
In
addition
to
Web-enabled
application
solutions,
the
Company
intends
to
provide
a
complete
managed
Web-hosting
service
portfolio,
including
network
management,
colocation
services,
Internet
connectivity,
application
service
provider
support
services,
data
backup,
storage
and
disaster
recovery,
providing
end-to-end
service
to
corporations,
as
well
as
service
providers,
enabling
them
to
completely
outsource
their
Internet
operations.
The
Company
opened
its
SuperCentre
in
Dublin,
Ireland
on
October
2,
2000.
The
SuperCentre
serves
as
its
operational
and
business
support
center
for
its
European
Web-hosting
business.
In
April
2001,
the
Company
acquired
hostmark,
a
provider
of
secure
Web-hosting
and
professional
services.
With
this
acquisition,
Worldport
gains
Internet
solution
centers
in
the
United
Kingdom,
Sweden
and
Germany. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WRDP
has
commenced
a
new
strategic
focus
to
become
the
European
provider
of
complex
and
custom
web-hosting
services
following
the
1Q,
2000
sale
of
substantially
all
its
facilities-based
global
telecommunications
carrier
operating
assets.
For
the
six
months
ended
6/30/01,
revenues
fell
5%
to
$5.8
million.
Net
loss
totaled
$25.1
million
vs.
an
income
of
$267
million.
Results
reflect
sale
of
the
telecommunications
operations
and
the
absence
of
$353.1
million
in
asset
sale
gains. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Michael Heisley, Sr., 63 Chairman | -- | Kathleen Cote CEO,
Director | -- | James Martin, 45 Pres,
COO | -- | John Hanson, 42 CFO | $221K | Frazer Hamilton VP
of Sales and Marketing | -- | 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.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|