| Business Summary | | GlobalMedia.com
was
engaged
primarily
in
the
development
of
a
broadcasting
network
over
the
Internet,
including
streaming
services,
integrated
e-commerce
solutions,
a
customized
media
player
and
simulated
live
Internet-only
radio
stations.
The
centerpiece
of
its
broadcast
network
solution
was
the
GlobalMedia.com
Player,
a
streaming
media
player
that
enabled
Internet
users
to
experience
multimedia
content.
The
Company
also
provided
e-commerce
solutions
that
can
be
integrated
with
its
broadcast
solution.
The
Company
sells
entertainment
products
through
its
own
online
store
and
through
the
private-label
storefronts
that
it
creates
for
network
associates
in
its
network
associate
program.
Global
has
refocused
its
business
strategy
away
from
Internet
audio
delivery
to
video
delivery
over
the
Internet
and
on
the
development
of
its
next
generation
technology,
targeted
for
the
broadband
and
wireless
market.
In
the
first
quarter
of
2001,
the
Company
sold
its
radio
contracts
and
related
assets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GLMC
is
an
Internet
company
focused
on
providing
its
clients
with
streaming
and
e-commerce
solutions.
Through
its
Network
Associate
program,
the
Company
is
building
the
Internet's
largest
network
of
private-label
streaming
media
players
and
store-fronts.
For
the
six
months
ended
1/31/01,
revenues
rose
from
$72
thousand
to
$494
thousand.
Net
loss
from
rose
from
$4.1
million
to
$25.6
million.
Results
reflect
increased
broadcasting
and
advertising
revenues
and
higher
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Michael Metcalfe, 44 | Pres,
CEO, Director | L. James Porter, 35 | CFO,
VP of Fin. and Admin., Treasurer, Sec. | Mike McHenry, 43 | Exec.
VP of Sales and Marketing | Annie Ho, 30 | VP
of HR | Winston Barta, 29 | VP-Bus.
Devel., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|