| Business Summary | | Graphics
Technologies
Inc.,
formerly
Virtual
Technology
Corporation,
d/b/a
Netdirect
Corporation
International
(Netdirect),
is
a
global
e-commerce
company
that
generates
revenue
through
product
and
service
sales
and
advertising
programs
by
creating
technology
marketplaces
for
businesses,
educational
institutions
and
affinity
groups.
Netdirect
leverages
its
strategic
relationships
with
Apple,
IBM,
Compaq
and
others
to
provide
its
business-to-business
and
business-to-consumer
customer
relationship
database
a
full
array
of
name
brand
technology
products
and
services.
Through
GTI,
a
wholly-owned
company
that
provides
e-commerce
fulfillment
services,
Netdirect
provides
its
business
customers
with
reliable
product
availability
and
unprecedented
customer
service.
In
December
2000,
the
Company
filed
a
voluntary
petition
for
reorganization
under
Chapter
11
of
the
U.S.
Bankruptcy
Code. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Graphics
Technologies,
Inc.
is
a
global
e-commerce
company
that
generates
revenue
through
product
and
service
sales
and
advertising
programs
by
creating
technology
marketplaces
for
businesses,
educational
institutions
and
affinity
groups.
For
the
nine
months
ended
10/31/00,
net
sales
fell
27%
to
$39.5
million.
Net
loss
rose
54%
to
$25.7
million.
Revenues
reflect
cash
shortfall.
Higher
loss
also
reflects
a
$11.2
million
loss
on
impairment
of
long-lived
assets. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| James Ross, 51 Chairman | -- | Gregory Appelhof, 38 Pres,
CEO, Director | $384K | John Harvatine, 49 CFO | 160K | Kenneth Israel, 46 Director,
CSO | 206K | Jeffrey Maynard, 55 Exec.
VP of Technology | -- | Dollar amounts are as of 31-Jan-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
|
|