| Business Summary | | Wireless
Xcessories
Group,
Inc.,
formerly
Batteries
Batteries,
Inc.,
is
engaged
in
the
nationwide
sale
and
distribution
of
a
wide
range
of
products,
accessories
and
components
for
cellular
phones,
including
batteries,
chargers
and
antennae.
The
Company
markets
in
excess
of
3,000
wireless
accessories.
The
product
category
offerings
include
rechargeable
batteries,
personal
and
portable
hands-free
kits,
hands-free
installation
kits,
portable
and
vehicle
antennas,
in-car
and
travel
chargers,
fashionable
accessory
faceplates
and
colored
housings
for
cellular
phones,
plain
and
colored
phone
carrying
cases
and
two-way
and
pager
accessories.
The
Company
has
completed
the
disposition
of
its
remaining
business
in
the
Battery
Segment,
and
has
accounted
for
this
segment
as
discontinued
operations.
The
Battery
Segment
involved
the
assembly
and
distribution
of
primarily
specialty
batteries,
as
well
as
a
small
percentage
of
cellular
phone
batteries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Wireless
Xcessories
Group
is
a
distributor
of
a
wide
range
of
batteries,
battery
related
products,
cellular
products,
accessories
and
components.
For
the
six
months
ended
6/30/01,
net
sales
decreased
24%
to
$10.8
million.
Net
loss
from
continuing
operations
totalled
$397
thousand,
vs.
an
income
of
$259
thousand.
Revenues
reflect
the
sluggish
market
demand
for
new
cellular
phones.
Net
loss
also
reflects
the
changes
in
product
mix
and
lower
selling
prices. | More
from
Market Guide: Significant
Developments |
| | | | FY1998 Pay | |
| Christopher McConnell, 45 Chairman
of Directors | -- | Stephen Rade, 59 Pres,
CEO, Director | $350K | Ronald Badke, 53 CFO,
Sec. | 135K | Dollar amounts are as of 31-Dec-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
|
|