| Business Summary | | Stonepath
Group,
Inc.
acquires
controlling
interests
in
one
or
more
operating
businesses
whose
enterprise
value
can
be
enhanced
through
the
adoption
of
an
e-commerce
strategy
and
other
technologies,
the
implementation
of
novel
business
practices,
the
addition
of
experienced
industry-specific
management
or
through
other
traditional
means
of
increasing
efficiency
and
profitability.
Stonepath's
objective
is
to
acquire
businesses
that
present
a
reasonable
opportunity
to
establish
or
expand
one
or
more
lines
of
business
by
leveraging
its
financial,
technological
and
employee
resources.
Prior
to
the
first
quarter
of
2001,
its
principal
business
strategy
focused
on
the
development
of
early
stage
technology
businesses
with
significant
Internet
features
and
applications
(affiliate
companies).
The
Company
continues
to
provide
strategic
and
operational
assistance
to
its
existing
affiliate
companies,
and
held
interests
in
nine
such
businesses,
as
of
March
15,
2001. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Stonepath
Group,
Inc.
plans
to
acquire
a
controlling
interest
in
one
or
more
operating
businesses
whose
value
can
be
enhanced
through
the
adoption
of
an
e-commerce
strategy
and
other
technologies.
For
the
six
months
ended
6/30/01,
the
Company
reported
no
revenues.
Net
loss
from
continuing
operations
applicable
to
Common
decreased
79%
to
$13.5
million.
Lower
loss
reflects
lower
costs
related
to
stock-based
compensation
and
reduced
preferred
stock
dividends. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Dennis Pelino Chairman,
CEO | -- | Andrew Panzo, 36 Vice
Chairman, Pres | $148K | Stephen Cohen, 44 Managing
Director, Gen. Counsel, Sec. | 104K | James Elwell, 33 VP-Fin.,
Treasurer, CAO, Controller | -- | 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
|
|