| Business Summary | | Arete
Industries,
Inc.
intends
to
cultivate
business
start-ups.
Arete
Industries
currently
is
working
with
Agression
Sports,
Inc.
(d/b/a
Arete
Outdoors)
in
which
the
Company
has
a
44%
equity
interest.
The
first
of
the
products
to
come
to
market
is
a
snowshoe
(patent
pending).
The
next
product
is
the
Alpine
Scooter
(patent
pending).
The
next
two
products,
scheduled
to
be
introduced
in
2000,
are
the
Power
Pole
and
Suspension
Ski,
which
will
complete
the
first
full
winter
product
line. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AREE
is
in
business
of
cultivating
new
start
up
or
development
stage
business
by
providing
managed
fixed
cost,
marketing,
executive
management
services,
and
by
offering
entrepeneurs
liquidity.
For
the
six
months
ended
6/30/01,
revenues
totalled
$82
thousand,
up
from
$30
thousand.
Net
loss
from
continuing
operations
totalled
$838
thousand,
up
from
$327
thousand.
Results
reflect
increased
other
revenues,
offset
by
higher
research
costs
and
increased
operating
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Thomas Raabe, 46 Chairman,
Pres, CEO | $134K | Thomas Gorman, 42 Sec.,
Treasurer, Director | 48K | Dollar amounts are as of 31-Dec-1999 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
|
|