| | Business Summary | | IPET
Holdings,
Inc.,
formerly
Pets.com,
Inc.,
operated
as
an
online
retailer
of
pet
products,
integrating
product
sales
with
expert
information
on
pets
and
their
care.
On
November
4,
2000,
the
Company's
Board
of
Directors
unanimously
approved
the
orderly
wind
down
of
its
operations.
This
included
the
layoff
of
approximately
255
of
320
employees,
which
was
completed
on
November
7,
2000;
the
closure
of
its
Web
store
effective
November
10,
2000;
the
ceasing
of
all
sales
transactions
effective
November
10,
2000;
the
sale
of
the
majority
of
its
assets,
including
inventory,
distribution
center
equipment,
URLs,
content,
the
Sock
Puppet
brand
icon
and
its
other
intellectual
property;
terminate
commercial
agreements
and
relationships;
exit
its
commercial
obligations;
and
generally
wind
down
its
business
and
operations. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | IPET
Holdings,
Inc.
is
an
online
retailer
of
pet
products,
integrating
product
sales
with
expert
information
on
pets
and
their
care.
The
Company
offers
a
selection
of
approx.
12,000
SKUs
integrated
with
pet-related
information
and
resources,
designed
to
help
consumers
make
informed
purchasing
decision.
For
the
nine
months
ended
9/30/00,
revenues
totaled
$25.8
million.
Net
loss
totaled
$84.9
million.
Results
are
not
comparable
due
to
the
2/99
inception
of
operations. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Julia Wainwright, 42
Chairman
and CEO | $148K | Christopher Deyo, 40
Pres | 134K | Paul Manca, 41
CFO | -- | John Hommeyer, 33
VP
of Marketing | 148K | Kathryn Ringewald, 39
VP
of HR | -- | | Dollar amounts are as of 31-Dec-1999 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
|
|
