| Business Summary | | Varsity
Group,
Inc.
is
an
online
retailer
of
new
textbooks
and
a
provider
of
marketing
services
for
businesses
interested
in
reaching
the
college
and
private
middle
and
high
school
markets.
The
Company's
solution
is
comprised
of
two
primary
components:
its
retail
book
business
and
marketing
services
business.
Through
eduPartners,
the
Company
provides
an
opportunity
for
educational
institutions
to
maximize
their
resources
and
offer
increased
convenience
to
their
students
by
outsourcing
new
textbook
sales
to
the
Company.
Through
its
online
and
offline
assets,
the
Company
is
able
to
market
on
behalf
of
other
companies
to
the
elusive
college
and
private
middle
and
high
school
demographics.
The
Company
uses
the
combination
of
its
Website,
email,
and
other
online
tools
to
reach
students
where
they
spend
much
of
their
time
(on
the
Internet). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Varsity
Group,
Inc.
is
a
leading
online
retailer
of
new
college
textbooks
and
also
provides
marketing
services
for
businesses
interested
in
reaching
the
college
market.
For
the
six
months
ended
6/01,
revenues
fell
83%
to
$2.4
million.
Net
loss
fell
91%
to
$2.3
million.
Revenues
reflect
a
shift
in
Company's
focus
to
EduPartners,
a
seasonal
business
centered
around
the
back
to
school
months.
Lower
loss
reflects
a
reduction
in
marketing
and
personnel
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Eric Kuhn, 30 Chairman,
CEO, Pres | $192K | Jack Benson VP-Operations | 73K | Dollar
amounts are as of 31-Dec-2000 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
|
|