| Business Summary | | Atlas
Pacific
Limited
invests
in
the
pearling
project
(the
"Pearling
Project")
in
Indonesia.
The
Pearling
Project
operates
an
oyster
hatchery
and
farm
for
the
purpose
of
cultivating
South
Sea
pearls.
South
Sea
pearls
are
believed
to
be
one
of
the
most
valuable
types
of
pearls.
The
Company
believes
that
"white"
South
Sea
pearls
account
for
approximately
11%
of
the
world
production
of
pearls
by
weight,
but
contribute
approximately
44%
in
value.
PT
Cendana
Indopearls,
a
foreign
investment
company,
owns
and
operates
the
Pearling
Project. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Atlas
Pacific
Limited
operates
an
oyster
hatchery
and
farm
for
the
purpose
of
cultivating
South
Sea
pearls.
The
Company
has
facilities
in
Kupang,
Sulawesi,
Sumbawa,
and
Australia.
For
the
fiscal
year
ended
12/31/00,
revenues
rose
23%
to
A$7.3
million.
Net
income
before
extraordinary
items
totalled
A$2.5
million,
up
from
A$1.0
million.
Revenues
reflect
stronger
demand
for
high
quality
pearls.
Earnings
also
reflect
the
absence
of
A$439
thousand
charges
for
the
issuance
of
notes. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Alexander Kerr, 78 | Chairman | Lucian Petersen, 51 | CEO,
Managing Director | Barry Panos, 45 | Sec. | Joseph Taylor, 33 | Project
Mang. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|