| Business Summary | | Aquacell
Technologies,
Inc.
(Aquacell)
is
a
start-up
company
that
conducts
business
in
the
water
purification
industry.
Aquacell
provides
point-of-use
drinking
water,
filtration
and
purification
products
to
a
variety
of
customers.
The
Company
is
targeting
Fortune
500
and
other
large
companies
with
its
patented
five-gallon
self-refilling
bottle
water
cooler.
The
filtration
system
on
the
Company's
cooler
contains
different
combinations
of
systems,
which
utilize
sediment
filters,
reverse
osmosis,
carbon
block,
multi-media
filters
and
ultra-violet
light.
Aquacell
replaces
traditional
five-gallon
bottle
water
coolers
with
a
permanently
installed
convenient
alternative
where
the
bottle
never
needs
changing
and
water
bottles
no
longer
need
to
be
delivered,
stored
or
replaced.
In
addition,
the
Company
replaces
water
fountains
where
users
tend
to
have
greater
concerns
as
to
sanitation
and
water
quality.
The
Company's
flagship
product
is
its
patented
self-refilling
Purific
water
cooler. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aquacell
Technologies,
Inc.
manufacture,
sell
and
lease
a
patented
automatic
refilling
purified
bottle
water
cooler
to
office
and
industrial
customer.
For
the
nine
months
ended
3/31/01,
revenues
fell
21%
to
$159
thousand.
Net
loss
before
extraordinary
item
increased
92%
to
$1.9
million.
Revenues
reflect
decreased
cooler
sales.
Higher
loss
reflects
increased
amortization
expenses
attributed
to
warrants
issued
in
connection
with
notes
payable. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Witham, 60 Chairman,
CEO | $176K | Karen Laustsen, 40 Pres,
COO, Sec., Director | -- | Gary Wolff, 62 CFO,
Treasurer, Director | -- | Dollar amounts are as of 30-June-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
|
|