| Business Summary | | Norton
Motorcycles,
Inc.
is
a
development
stage
enterprise
that
was
organized
in
1986
for
the
purpose
of
evaluating
and
seeking
merger
candidates.
In
April
1999
the
Company
acquired
the
trade
name
Norton
and
certain
assets
that
were
being
used
to
develop
a
line
of
high
performance
motorcycles
(the
Asset
Purchase).
As
February
16,
2000,
the
Company
had
no
significant
cash
resources
and
had
suspended
substantially
all
motorcycle
product
line
development
activities.
Given
its
insufficient
cash
resources,
the
substantial
doubts
about
viability
of
the
motorcycle
product
line,
which
was
being
developed
by
MCD,
the
significant
amounts
owed
to
suppliers
and
debt
holders
and
the
substantial
on-going
litigation
faced
by
it,
the
Company
may
be
unable
to
continue
as
a
going
concern
and
may
have
to
file
for
bankruptcy
or
other
court
protection
from
suppliers
and
debt
holders.
Additionally,
the
Company
may
seek
to
sell
all
or
a
portion
of
its
assets,
including
the
trade
name
Norton. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Norton
Motorcycles,
Inc.,
a
development
stage
company,
will
market
a
line
of
high-performance,
premium
motorcycles
and
motorcycle
products
throughout
the
world
under
the
Norton
brand
name.
For
the
nine
months
ended
12/31/99,
the
Company
reported
no
revenues.
Net
loss
totaled
$2
million,
up
from
$0.
Higher
loss
reflects
research
and
development
activities
being
performed
in
England
relating
to
the
Nemesis
and
Nirvana
motorcycles. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Mark Osterberg, 48 | CEO,
Chief Financial Officer, Sec. | Myron Calof, 52 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|