| Business Summary | | Gateway
Industries
Inc.
had
no
operating
business
from
December
1996
to
March
2000,
when
it
acquired
Oaktree
Systems
Inc.
Oaktree
is
an
18-year-old
company
specializing
in
providing
cost-effective
database
and
fulfillment
solutions
to
direct
marketing
organizations
requiring
sophisticated
Information
Management
tools.
In
the
past,
these
systems
were
generally
found
only
on
mainframe
and
minicomputer
systems.
Oaktree
has
developed
a
sophisticated
PC-based
relational
database
that
provides
unlimited
capacity
and
flexibility
to
meet
demanding
informational
needs. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gateway
Industries
Inc.,
through
Oaktree
Systems
Inc.,
provides
database
development,
consolidation
and
management
services
and
Website
design
and
maintenance
throughout
the
United
States.
For
the
three
months
ended
3/31/01,
revenues
totaled
$1.1
million,
up
from
$63
thousand.
Net
loss
increased
62%
to
$201
thousand.
Revenues
reflect
the
acquisition
of
Oaktree.
Net
loss
reflects
increased
S/G/A
and
payroll
expenses
as
a
result
of
the
acquisition. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Warren Lichtenstein, 34 | Chairman,
CEO | Jack Howard, 38 | Acting
Pres, CFO, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|