| Business Summary | | e*machinery.net,
inc.
(EMAC)
is
engaged
in
the
business
of
providing
an
electronic
exchange
for
the
purchase
and
sale
of
new
and
used
construction
and
mining
machinery.
EMAC
also
intends
to
provide
access
to
financing,
underwriting,
shipping,
inspection,
appraisals,
training
and
other
associated
services.
United
States
Machinery,
Corp.,
a
wholly
owned
subsidiary
of
EMAC,
intends
to
specialize
in
purchasing,
rebuilding,
refurbishing
and
reselling
used
Caterpillar
construction
and
mining
machinery.
The
Company's
business
plan
is
focused
on
the
continued
development
of
an
Internet-based
portal
specializing
in
business-to-business
e-commerce
in
the
construction
and
mining
industries.
The
plan
is
also
focused
on
the
purchase,
rebuilding
and
sale
of
Caterpillar
used
construction
and
mining
machinery
through
Caterpillar
dealers
and
end
users
around
the
world. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | e*machinery.net,
inc.
is
in
the
process
of
developing
an
Internet
based
distribution
business
for
heavy
machinery
used
primarily
in
the
construction
and
mining
industries.
The
Company's
subsidiary,
U.S.
Machinery,
specializes
in
the
acquisition
of
larger
end
Caterpillar
machinery
for
rebuilding.
For
the
six
months
ended
6/30/01,
revenues
totaled
$1.2
million,
up
from
$0.
Net
loss
fell
33%
to
$860
thousand.
Results
reflect
initial
sales,
partially
offset
by
development
cost. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Arthur O'Shea, III, 39 | Pres,
CEO, Director | Stuart Matthews, 34 | VP,
Treasurer, Director | Kevin McAndrew, 41 | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|