| | Business Summary | | NEXUS
Group
International
Inc.,
formerly
Heritage
Concepts
International
Inc.,
is
a
diversified
company
that
focuses
on
providing
leading-edge
applications
in
such
fields
as
biometrics,
Internet
radio
and
e-commerce.
On
June
30,
2000,
the
Company
acquired
a
50%
interest
in
AcSys
Biometrics
Inc.,
which
owns
the
right
to
acquire
the
exclusive
worldwide
HNeT
(Holographic/Quantum
Neural
Technology)
license
for
facial
and
speech
recognition
applications.
HNeT
mimics
the
brain
with
the
ability
to
recognize
human
faces
virtually
instantaneously.
The
Company
expects
to
have
its
first
customized
and
integrated
model
application,
based
on
HNeT,
deliverable
in
the
first
quarter
of
2001.
Platinum
Intermedia,
Inc.,
which
was
acquired
in
January
2000,
provides
business-to-business
Web-based
marketing,
e-commerce
services,
hosting
and
development
for
clients
based
in
the
radio
industry.
NEXUS
also
has
a
majority
interest
in
CompuBlox
Incorporated,
the
programming
division
of
the
Company. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | NXGIF
operates
in
two
high-tech
industries;
biometircs
and
the
Web.
Through
a
joint
venture
with
AND
Corp.,
Nexus
owns
a
50%
interest
AcSys
Biometrics
Corp.
Nexus'
wholly
owned
susidiary,
Platinum
Intermedia,
is
an
applications
service
provider
for
radio
station
Web
sites.
For
the
nine
months
ended
3/01,
revenues
fell
14%
to
C$519
thousand.
Net
loss
rose
93%
to
C$5
million.
Results
reflect
decreased
interest
income,
and
increased
administrative
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | | Jerry
Janik,
Chmn.
David
Lobb,
Pres./CEO
Richard
Bennet,
VP-Fin. | More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
