| Business Summary | | Dominion
Resources,
Inc.
is
evaluating
possible
investments,
which
include
several
real
estate
and
Internet
activities.
The
Company
was
principally
engaged,
through
majority-owned
subsidiary
Resort
Club,
Inc.,
in
the
business
of
offering
membership
interests
to
the
general
public
that
allow
members
to
vacation
in
resort
condominiums.
In
September
1999,
the
Company
adopted
a
plan
to
dispose
of
the
Resort
Club
through
sale
or
liquidation.
In
connection
with
the
Company's
disposal
plan,
Resort
Club
ceased
operations
and
is
treated
as
a
discontinued
operation.
Dominion
Resources
is
engaged
in
a
review
of
its
business
objectives
and
plans.
In
that
regard,
it
may
dispose
of
certain
of
its
assets,
acquire
additional
assets
or
enter
into
a
business
combination
or
other
transactions
with
others. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Through
1999,
Dominion
Resources
was
engaged
in
the
sale
of
membership
interests
for
resort
condominums,
which
it
has
since
discontinued.
The
company
is
presently
evaluating
possible
investments,
which
include
several
real
estate
and
internet
activities.
For
the
nine
months
ended
6/01,
revenues
totalled
$20
thousand,
up
from
$8
thousand.
Net
loss
from
continuing
operations
rose
72%
to
$1.9
million.
Revenues
reflect
income
from
RiceX
transactions.
Higher
loss
reflects
a
$460
thousand
bad
debt
charge. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Joseph Bellantoni | CEO,
Chief Financial Officer, Treasurer | Maureen Kosminsky | Sec.,
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|