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Home > Company Index > Media > Internet & Online Content Providers > Virtual Communities, Inc.

Virtual Communities, Inc.
OTC: VCIX
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 PROFILE
Virtual Communities, Inc. (VCI), hoped to turn online communities into offline profits. The company suspended operations in 2000 and sold off its VirtualJerusalem.com and VirtualHolyLand.com Web sites. VCI continues to seek buyers for its remaining sites, VirtualIreland.com, VirtualIndia.com, and VirtualItaly.com, hoping it can at some point resume operations related to its Cortra Site Suite community management software. The firm also provides a range of professional services, such as editorial consulting, advertising sales, strategic planning, and marketing. Heuristic merged with Virtual Communities in late 1999 after receiving negative customer feedback for its IntelliFit System (personalized exercise prescriptions).

 DEALS
Deal: Virtual Communities Gets Investment
Date Announced: 04.07.00
Value of transaction (US $Mil): 22
Description: Web community technology firm gets $3 million in private placement, $19 million of possible additional funding in warrants.

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 TRACKERS
Jul. 26, 2000 - LAYOFF TRACKER
50 laid off
Description: Streamlining and reducing operations staff.

More LAYOFF NEWS

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 0.90
1-Yr. Sales Growth: 800.0%
Employees: 133
Revenue per employee: $6,766.92

 KEY PEOPLE
• Avi Moskowitz
    CEO
• Arthur Dubroff
    CFO

 CONTACT INFO
589 Eighth Avenue
New York, NY 10018
US
Phone: 212-931-8600
Fax: 212-931-8601
Online: Web Site

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