| Business Summary | | Northeast
Digital
Networks,
Inc.
principally
carries
on
its
business
through
two
wholly
owned
subsidiaries,
Personal
Communications
Networks,
Inc.
(PCN)
and
Threshold
Communications,
Inc.
(TCI).
PCN
was
formed
in
1995
for
the
purpose
of
bidding
in
the
C-Block
FCC
auction
for
the
personal
communications
spectrum
as
a
predicate
to
becoming
a
wireless
telecommunications
carrier.
PCN
successfully
bid
for
six
30
MHz
broadband
licenses
in
three
basic
trading
areas.
TCI
owns
General
Communications
and
Electronics,
Inc
(GCE)
and
56.667%
of
General
Towers
of
America,
Inc.
(GTA).
GCE
had
been
a
reseller
of
paging
airtime
for
more
than
25
years,
and
supported
approximately
7,500
active
subscribers
(primarily
corporate,
rather
than
individual
retail
customers).
Upon
the
construction
of
a
900
MHz
satellite-based
Flex
paging
network
manufactured
by
Glenayre
put
into
service
in
May
1997,
TCI
became
a
full-service
paging
carrier. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GSMI
sells
wireless
communications
services
and
products
through
its
five
subsidiaries,
Free
Trade
and
Trade
Zone
Distributors,
Threshold
Communications,
Personal
Communications
Network
and
General
Towers
of
America.
For
the
nine
months
ended
12/31/98,
revenues
fell
79%
to
$458
thousand.
Net
loss
before
extraordinary
item
fell
less
than
1%
to
$6.6
million.
Results
reflect
the
decrease
in
Electronics
and
Commission
revenues,
offset
by
a
reduction
in
personnel
level. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Joseph Rosio, 35 Chairman,
Pres and Chief Exec. | $62K | Christopher Garcia, 30 Treasurer,
CFO, Sec. | -- | Dollar amounts are as of 31-Mar-1998 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
|
|