| Business Summary | | Sporting
Magic,
Inc.
operated
as
a
producer
and
distributor
of
radon
testing
devices,
from
its
inception
through
March
1995,
when,
following
the
bankruptcy
of
its
major
distributor,
the
Company
ceased
operations
and
sold
its
radon
testing
facility.
As
a
result
of
a
deal
to
acquire
Soccer
Magic,
and
the
subsequent
rescission
of
the
acquisition,
the
Company
is
without
any
material
assets.
Consequently,
the
Company
is
now
a
"shell"
company
with
minimal
operations.
The
Company's
business
plan
is
to
attempt
to
identify
and
complete
an
acquisition,
merger
or
other
transaction
that
will
enhance
shareholder
value. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Sporting
Magic
is
a
shell
company
with
minimal
operations.
Prior
to
2000,
the
Company
developed,
produced
and
distributed
management
and
general
workforce
training
videos
for
use
by
corporations.
For
the
nine
months
ended
5/31/01,
revenues
totaled
$0,
down
from
$173
thousand.
Net
loss
decreased
94%
to
$20
thousand.
Results
reflect
the
sale
of
all
of
the
Company's
assets
and
liabilities
related
to
its
workforce
training
video
business. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Myron Grunberg | Pres,
CEO, Director | Brian Rattenbury | CFO,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|