| | Business Summary | | AMRESCO,
Inc.
is
a
small-
and
middle-market
business
lending
company,
making
loans
primarily
to
franchisees
of
nationally
recognized
restaurant,
hospitality
and
service
organizations
and
to
small-business
owners.
The
commercial
finance
line
of
business
focuses
on
two
lending
sub-markets,
conventional
small-
and
middle-market
business
loans
and
government-guaranteed
Small
Business
Administration
loans.
In
addition,
the
Company
has
retained
certain
assets
from
business
operations
that
have
been
sold
or
discontinued
and
is
in
the
process
of
liquidating
such
assets.
In
July
2001,
the
Company
filed
a
voluntary
petition
for
reorganization
relief
pursuant
to
Chapter
11
of
the
United
States
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | AMRESCO
is
a
diversified
financial
services
company
specializing
in
commercial
and
residential
real
estate
lending,
asset
management,
and
commercial
finance.
For
the
three
months
ended
3/31/01,
revenues
fell
58%
to
$18.2
million.
Net
loss
from
continuing
operations
and
before
extraordinary
item
fell
76%
to
$10.7
million.
Revenues
reflect
lower
interest
and
other
investment
income.
Lower
loss
reflects
the
absence
of
a
$38.4
million
loss
on
disposal
and
impairment
of
assets. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Randy Brown, 40 | Chairman,
CEO | | L. Keith Blackwell, 59 | Pres,
Gen. Counsel | | Jonathan Pettee, 41 | CFO,
Exec. VP, Director |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
