Boats.com claims it's riding out 'dot-com downdraft'
Article Abstract:
Boats.com said it remains on solid footing despite the departure of two key executives, the postponement of a large debt payment and Wall Street's apathy towards dot.com companies. Boats.com added the resignations of CEO Rolando Esteverena and editorial chief Joe Skorupa were part of the natural evolution of the company. On the other hand, the delay in paying debt related to the acquisition of YachtWorld.com is just normal loan restructuring. Boats.com clarified that the $4.8-million final payment due Dec 2000, is now payable Mar 31, 2001.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
With additional funding, boats.com set for launch
Article Abstract:
Boats.com has secured an additional $21 million in funding, which the company will use in completing its Web site, hire more personnel and conclude strategic marketing relationships. It has also signed four-year agreements with the National Marine Manufacturers Assn and the Marine Retailers Assn of America, geared towards providing a level playing field for all of their manufacturing and retail affiliates. This includes the same pricing for services and allowing affiliates to dictate how their services and products are to be handled.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
Marex.com considers maritime trades market
Article Abstract:
Marex.com has hired the services of Merrill Lynch as its financial adviser as the Miami-based company mulls over strategic initiatives in the global maritime market. These may include alliances and partnerships with maritime-related electronic commerce companies and major maritime industry participants. David Schwedel, CEO of Marex, said the company is studying the industry's three primary segments, which are new-ship construction, repairs and provisioning.
Publication Name: Soundings Trade Only
Subject: Construction and materials industries
ISSN: 0194-8369
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: 58k.com partners with printCafe. VH1.com solos on Eric Clapton release. IPrint, Sprint sign advertising pact
- Abstracts: Outpost.com revises shipping rates downward. New firm targets e-payment
- Abstracts: SmileFinder.com helps find dentists. Mailshell.com to filter unsolicited e-mail. Sir Speedy starts Web initiative
- Abstracts: Dutch become World's first postal company listed on stock exchanges. US VC Group bets on Dutch software developer
- Abstracts: Thomson installs rep monitoring systems. Peace to lead Experian, GUS; no sale planned. TeleSpectrum replaces its chairman