| Business Summary | | USN
Communications,
Inc.
is
a
competitive
local
exchange
carrier
(CLECs)
that
offers
a
bundled
package
of
telecommunications
products,
including
local
and
long
distance
telephony,
voicemail,
paging,
teleconferencing,
"follow
me,"
Internet
access
and
other
enhanced
and
value-added
telecommunications
services,
tailored
to
meet
the
needs
of
its
customers.
The
Company
also
offers
wireless
telephone
service
on
a
resale
basis.
The
Company
primarily
focuses
its
marketing
efforts
on
small
and
medium-sized
businesses
with
telecommunications
usage
of
less
than
$5,000
per
month.
On
December
30,
1999,
USN
Communications
filed
with
the
United
States
Bankruptcy
Court
for
the
District
of
Delaware
(the
Court),
a
Disclosure
Statement
for
Debtors'
Joint
Consolidated
Plan
of
Reorganization
(the
Disclosure
Statement)
in
connection
with
the
Company's
ongoing
bankruptcy
proceedings
pending
in
the
Court. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | USN
Communications,
Inc.
is
a
local
exchange
carrier
that
offers
a
bundled
package
of
telecommunications
pro-ducts,
including
local
and
long
distance
telephony,
voice-mail,
paging,
teleconferencing,
Internet
access
and
other
services.
For
the
nine
months
ended
9/30/98,
revenue
rose
from
$27
million
to
$133.9
million.
Net
loss
applicable
to
Common
Stock
rose
98%
to
$147.5
million.
Revenues
reflect
growth
in
access
lines.
Loss
reflects
costs
associated
with
additional
personnel. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| J. Thomas Elliott, 51 Chairman,
Pres, CEO, Director | $322K | Dennis Dundon, 53 COO,
Director | -- | Gerald Sweas, 50 Exec.
VP and CFO | 210K | Ronald Gavillet, 38 Exec.
VP, Strategy & External Affairs, Director | 300K | Ryan Mullaney, 41 Exec.
VP, Sales and Marketing | 245K | Dollar amounts are as of 31-Dec-1997 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
|
|