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Home > Company Index > Real Estate > Property Investment & Management > Equivest Finance, Inc.

Equivest Finance, Inc.
Nasdaq (SC): EQUI
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 PROFILE
Like a rebellious teenager, Equivest Finance is trying to distance itself from its majority owner, The Bennett Funding Group (BFG), and the associations that go with it -- namely bankruptcy and mismanagement by Patrick Bennett, who was sentenced to 30 years in jail for investor fraud. Equivest Finance owns about 30 resorts with concentrations in South Carolina's Golden Strand, the Virgin Islands, and Newport, Rhode Island. The company sells vacations, acquires and develops resorts, and provides financing to its customers and third parties. Chairman, president, and CEO Richard Breeden is the bankruptcy trustee for BFG (which owns more than 70% of Equivest Finance) and other Bennett-related debtors.

 COMPETITION
Bluegreen Corporation (BXG)
Fairfield Communities, Inc. (dossier)
Sunterra Corporation (dossier)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 158.30
1-Yr. Sales Growth: 67.7%
Employees: 1,560
Revenue per employee: $101,474.36

 KEY PEOPLE
• Richard C. Breeden
    CEO
• Gerald L. Klaben
    CFO

 CONTACT INFO
100 Northfield St.
Greenwich, CT 06830
US
Phone: 203-618-0065
Fax: 203-618-0063
Online: Web Site

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