| Business Summary | | Orbit
E-Commerce,
Inc.,
is
a
holding
company
for
Orbit
Canada
Inc.
(Orbit).
Orbit
was
incorporated
in
Ontario,
Canada
on
October
7,
1999
to
implement
high-speed
digital
wireless
and
fiber
optic
based
terrestrial
services.
The
first
phase
of
Orbit's
Canadian
fiber
optic
and
wireless
network
was
completed
in
October
2000.
Phase
I
of
Orbit
Canada's
network
provides
service
to
businesses,
cellular
phone
subscribers
and
individual
consumers
in
eight
of
Canada's
largest
metropolitan
markets:
Toronto,
Montreal,
Vancouver,
Calgary,
Edmonton,
Ottawa,
Winnipeg
and
Hamilton.
Phase
II
will
see
the
network
expanded
to
six
more
Canadian
urban
centers.
On
September
8,
2000,
Orbit
E-Commerce
and
Orbit
Canada
completed
a
reverse
takeover
transaction,
with
Orbit
becoming
a
wholly-owned
subsidiary
of
the
Company.
Prior
to
the
transaction,
the
Company
was
an
inactive
mining
company
engaged
in
mining
and
exploring
for
nonferrous
and
precious
metals,
primarily
silver,
lead
and
zinc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Orbit
E-Commerce,
Inc.
is
a
holding
company
for
OrbitCanada
Inc.
Orbit
is
engaged
in
the
implementation
of
high-speed
digital
wireless
and
fiber
optic
based
terrestrial
services.
For
the
three
months
ended
6/30/00,
the
Company
reported
no
revenues.
Net
loss
decreased
81%
to
$2
thousand.
Revenues
reflect
the
abandonment
of
the
Company's
mining
claims.
Lower
losses
reflect
a
decrease
in
consulting,
accounting,
legal,
and
engineering
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | J. Gordon McMehen, 48 | Pres,
CEO, Director | Daniel Argiros, 37 | VP,
CFO, Director | Douglas Lloyd, 48 | VP,
CTO, Director | Richard Dainard | VP,
Treasurer | Ian Hochberg, 43 | VP
of Marketing |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|