| Business Summary | | AquaPro
Corporation
engages
in
the
business
of
owning
and
managing
catfish
aquaculture
farms.
The
Company
and
its
wholly
owned
subsidiaries
American
Fisheries
Corporation
and
Circle
Creek
Aquaculture,
Inc.
own
and
operate
nine
catfish
farms
located
in
the
delta
area
of
the
State
of
Mississippi.
The
Company
conducts
catfish
farming
activities
on
2,651
water
acres
within
the
State
of
Mississippi.
Catfish
are
sold
principally
to
retail
grocery
stores
and
restaurants
by
catfish
processors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AquaPro
Corporation
is
engaged
in
the
business
of
owning
and
managing
catfish
aquaculture
farms
directly
and
through
its
two
wholly-owned
subsidiaries.
As
of
6/99,
the
Company
owns
2,126
water
acres
of
aquaculture
ponds
in
Mississippi.
For
the
nine
months
ended
3/31/01,
revenues
fell
21%
to
$4.4
million.
Net
loss
rose
from
$109
thousand
to
$962
thousand.
Revenues
reflect
decreased
pounds
of
fish
sold.
Net
loss
suffered
from
lower
margins
and
increased
interest
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| George Hastings, Jr., 53 Chairman,
Pres, CEO | $97K | W. Mike Horton, 58 CFO,
Sec. | -- | Randle Willoughby, 36 VP
of Production | -- | Dollar amounts are as of 30-June-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
|
|