| | Business Summary | | 724
Solutions
Inc.
provides
an
Internet
infrastructure
solution
to
financial
institutions
that
enables
them
to
offer
personalized
and
secure
on
line
banking,
brokerage
and
e-commerce
services
across
a
wide
range
of
Internet-enabled
wireless
and
consumer
electronic
devices.
The
Company's
solution
currently
enables
consumers
to
access
on-line
banking
and
brokerage
services
through
network
service
providers
using
digital
mobile
phones,
personal
digital
assistants,
two-way
pagers
and
personal
computers.
The
Company's
customers
are
now
in
the
initial
phases
of
offering
e-commerce
services
based
upon
the
724
Solutions
Financial
Services
Platform.
With
critical
security
features
built
in,
the
Company's
solution
can
be
quickly
implemented
and
integrated
with
existing
systems,
and
scaled
or
expanded
to
accommodate
future
growth. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SVNX
provides
an
Internet
infrastructure
solution
to
financial
institutions
that
enables
them
to
offer
secure
and
personalized
on-line
banking,
brokerage
and
e-commerce
services
over
a
range
of
Internet-enabled
devices.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$7.1
million
to
$27.9
million.
Net
loss
rose
from
$21.7
million
to
$121.2
million.
Revenues
reflect
new
customer
wins
and
acquisitions.
Net
loss
reflects
higher
amortization,
R&D,
stock
compensation
and
marketing
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Gregory Wolfond, 39
Chairman
and CEO | $349K | Christopher Erickson, 35
Pres,
Gen. Counsel, Sec. | 119K | Karen Basian, 38
CFO | 102K | Kerry McLellan, Ph.D., 39
COO | 214K | Chris Jarman
Exec.
VP, Mobile Commerce | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/svnx.gif)