| Business Summary | | ValueStar
Corporation
is
a
provider
of
branded
rating
content
on
local
service
businesses.
Its
ratings
of
local
service
businesses
enhance
online
and
offline
commerce
between
buyers
and
sellers.
As
an
infomediary,
the
Company
helps
consumer
and
business
buyers
make
informed
purchasing
decisions
among
the
estimated
6
million
local
service
businesses
in
America.
The
Company's
ratings
provide
service
businesses
a
tool
to
distinguish
themselves
from
their
competitors.
Service
businesses
pay
the
Company
research
and
rating
fees.
The
Company
is
developing
a
new
commission
system
to
generate
revenues
by
connecting
member
service
businesses
with
quality
seeking
buyers.
Operations
are
conducted
through
the
Company's
wholly
owned
subsidiary,
ValueStar,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ValueStar
Corporation
is
developing
a
customer
satisfaction
rating
system
for
local
service
and
professional
businesses,
designed
to
facilitate
commerce
between
quality-conscious
buyers
and
local
service
businesses.
For
the
nine
months
ended
3/31/01,
revenues
fell
54%
to
$765
thousand.
Net
loss
applicable
to
Common
fell
less
than
1%
to
$21.4
million.
Results
reflect
a
change
in
revenue
recognition
method,
offset
by
reduced
preferred
dividends. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| James Stein, 42 Chairman,
CEO | $164K | $931K | Aaron Gray, 39 COO | -- | -- | James Barnes, 46 Director,
Sec. and Treasurer | -- | -- | Michael Kelly, 30 Controller | -- | -- | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|