| Business Summary | | Return
Assured
Inc.
has
brought
to
market
a
proprietary
business-to-business
and
business-to-consumer
value-added
"Web
seal
of
approval,"
which
provides
a
service
that
guarantees
customers
who
order
products
through
the
Websites
of
merchant
members
that
the
merchants'
stated
return
policy
will
be
honored.
The
Company's
Web
seal
of
approval
is
designed
to
meet
the
needs
of
small
and
medium-sized
businesses
by
removing
the
risk
and
uncertainty
that
are
responsible
for
incomplete
online
transactions.
The
Company
offers
a
risk-free
shopping
experience
because
it
guarantees
to
fulfill
the
terms
of
a
participating
merchant's
return
policy
in
cases
where
the
merchant
will
not. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RTRN
has
developed
a
proprietary
B2B
and
B2C
value-added
Web
Seal
of
Approval
guaranteeing
the
performance
of
an
electronic
retailer's
return
and
customer
service
policies
and
provides
products
and
customized
solutions
and
services
for
increasing
efficient
workplace
environments.
For
the
six
months
ended
2/28/01,
revenues
totaled
$2.2
million,
up
from
$0.
Net
loss
totaled
$3.6
million,
up
from
$195
thousand.
Revenues
reflect
the
commencement
of
operations.
Net
loss
reflects
higher
wages. Recent Earnings Announcement For
the
3
months
ended
05/31/2001,
after
tax
earnings
were
-1,021. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Matthew Sebal, 30 Chairman,
Pres | $491K | Barry Goldsammler, 47 CFO | 151K | Eli Hertz, 51 CEO
of Hergo Ergonomic Support Systems, Inc. | 284K | Michael Sweatman, 49 VP-Fin. | -- | Michael Mulberry, 34 VP
of Investor Relations | -- | Dollar amounts are as of 31-Aug-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
|
|