| Business Summary | | silverzipper.com,
Inc.
is
creating
an
e-commerce
community
that
targets
12-
to
35-year-olds
with
content
that
engages
and
entertains
while
driving
sales
of
sporting
apparel,
equipment,
accessories
and
other
products.
The
Company
has
identified
an
opportunity
to
provide
a
branded
e-commerce
delivery
platform
to
complement
its
"bricks
and
mortar"
sales,
and
consolidate
within
the
sport
apparel/equipment/accessory
and
active
wear
industry.
The
Company's
plan
is
to
acquire
active
wear,
sport
apparel,
sport
shoes,
equipment
and
accessory
companies
that
have
established
brands.
These
brands
will
be
marketed
via
the
Company's
Internet
Website.
In
April
2001,
the
Company
announced
that
it
will
cease
operations
immediately.
The
Company
is
contemplating
filing
for
bankruptcy
protection. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | silverzipper.com,
Inc.
is
creating
an
e-commerce
community
that
targets
Generation
i
(12-35
year
olds)
with
content
that
engages
and
entertains
them
while
driving
sales
of
sporting
apparel,
equipment,
accessories
and
other
products.
For
the
nine
months
ended
9/30/00,
net
sales
rose
28%
to
$3.3
million.
Net
loss
totaled
$4.6
million,
up
from
$1.2
million.
Results
reflect
the
acquisition
of
Serac,
offset
by
increased
overhead
costs
and
a
$1.8
million
goodwill
write-down. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Paul Palmeri, 53 Chairman,
CEO, Acting Chief Financial Officer | $94K | Richard Bernstein, 45 VP,
Sec., Director | 41K | Dollar amounts are as of 31-Dec-1999 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
|
|