| Business Summary | | Brainworks
Ventures,
Inc.,
was
involved
in
the
natural
resource
industry.
In
May
2000,
following
a
decision
by
management
to
change
the
business
direction,
Brainworks
effectuated
a
change
in
management,
and
redirected
its
business
to
developing,
investing
in,
acquiring
or
acquiring
interests
in,
and
operating,
Internet
and
technology
related
companies.
Brainworks
is
actively
engaged
in
business-to-business
e-commerce
through
a
network
of
partners.
The
Company
offers
capital,
management
advice,
marketing
and
other
services.
Long-term
capital
appreciation
is
the
goal
for
the
Company
rather
than
current
income
from
its
investments.
In
connection
with
the
decision
to
change
the
business
direction
of
the
Company,
in
the
end
of
May
2000,
management
decided
to
sell
its
interest
in
a
company
that
owns
a
hotel
operation
in
Santa
Fe,
New
Mexico.
While
the
Company
still
holds
some
minor
interests
in
natural
resource
companies,
it
does
not
contemplate
any
future
natural
resource
activities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Brainworks
Ventures,
Inc.
under
a
new
business
strategy
effective
May
2000,
engages
in
developing,
investing
in,
and
operating
Internet
and
Technology
related
companies.
For
the
three
months
ended
6/30/01,
revenues
totaled
$131
thousand,
up
from
$0.
Net
loss
rose
15%
to
$795
thousand.
Revenues
reflect
the
consulting
revenue
earned
by
EVP.
Higher
loss
reflects
the
absence
of
a
$1.1
million
gain
on
the
sale
of
La
Fonda
capital
stock. | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Donald Ratajczak, Ph.D., 58 Chairman,
CEO | -- | -- | John Cayce, 56 Pres,
Director | -- | -- | Marc Schwartz, 37 CFO,
VP, Sec., Treasurer, Director | $470K | $625K | Cole Walker, 35 COO,
Director | -- | -- | Dollar
amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|