| Business Summary | | Buy
It
Cheap.com,
Inc.
operates
a
virtual
store
under
the
web
address
"buyitcheap.com"
and
offers
for
sale
various
types
of
merchandise
over
the
Internet.
While
the
website
is
functional,
the
Company
has
not
yet
promoted
it
and
sales
thus
far
have
been
insignificant.
Initial
merchandise
lines
consist
of
specially
priced
items
in
consumer
electronics,
luggage
and
giftware.
No
merchandise
is
currently
bought
or
inventoried,
however
the
Company
expects
that
it
may
do
so
in
the
future.
The
Company
posts
merchandise
from
various
vendors
on
its
website,
takes
orders
and
collects
the
funds.
The
order
is
routed
to
the
applicable
vendor
for
shipment
to
the
customer.
Upon
shipment,
the
Company
remits
its
cost
of
the
item
to
the
vendor.
In
keeping
with
its
website
name,
the
theme
of
the
Company's
merchandise
offerings
will
be
to
offer
merchandise
at
the
lowest
possible
price.
The
Company
will
keep
initial
overhead
low
and
is
seeking
additional
funding
to
raise
funds
to
expand
the
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Buy
It
Cheap.com,
Inc.
is
a
start-up
Internet
retailer
whose
goal
is
to
offer
brand
name,
quality,
upscale
merchandise,
at
the
lowest
possible
price.
The
Company's
goal
is
to
generate
repeat
shoppers
who
rely
on
the
Company
to
bring
them
the
lowest
price.
For
the
nine
months
ended
3/31/01,
the
Company
reported
no
revenues.
Net
loss
increased
14%
to
$49
thousand.
Higher
loss
reflects
higher
direct
and
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Stephen Roman, Jr., 52 | Pres,
Director | Jennifer Lo, 47 | VP,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|