BITL one to look at as well.(.0095 x .014)
Approx. 63M O/S
Insiders own quite a bit.
Description of the Company's Divisions
ENERGY SECTOR - Division
On June 13, 2003, Mr. Fabrice Zambito accepted an employment agreement from the issuer to perform the following duties:
Fabrice Zambito is to assist in the development of the new energy subsidiary but not as an exclusive and full-time basis WTE POWER CORPORATION.
Executive's duties will include management of and responsibility for the Company's finances, accounting and reporting, investor relations, structuring and execution of the financial aspects of the Company's mergers & acquisitions activity. Oversee and organize the restructuring of the issuer's preparation of business plans and direction. Oversee the structuring of the various comittees and building an executive and solid team to manage the new business acquisitions and opportunities for the energy division.
The company's plans for the development of the energy sector and the future startup of WTE Power Corp.
On July 11, 2003, Dominic Heddo signed a employment agreement and he is to head the development of WTE POWER CORPORATION, the company's wholly-owned Canadian subsidiary and he is to act as chairperson of the Energy and Scientific Advisory Board. DOMINIC HEDDO, B.Sc., has over 39 years of international experience in the field of ORGANIC CHEMISTRY, THERMO ENERGY and PLASTICS. He has many years of experience in business, finance and leading private companies. He will oversee the BUSINESS and SCIENTIFIC DEVELOPMENT of the Company more specifically as concerns WTE POWER CORPORATION and it's future projects and plans.
SOFTWARE AND INTERNET - Division
INTERNET SOFTWARE DEVELOPMENTS
As the company's internet software division has completed the development of it's company's medical reservation system portal, Management is seeking to partner with or though a joint ventures with others in the internet software industry to market and launch this product. Management is seeking venture capital by means of private placements or other.
BUSINESS TO BUSINESS TECHNOLOGY - SOFTWARE
E-commerce solutions, and facilitate the transition of traditional business enterprises into the realm of electronic business. We analyze a company's current operational structure and design a solution that will allow for a seamless transition with little or no interruption in that company's day to day operations. We do this by implementing a networked automation solution, which reduces operating costs and allows for more efficient communications between departments in any given company. Our solution package enables us to either work with an existing infrastructure or build one from the ground up, and allows us to implement functions within almost any existing system. In addition, our packages offer a range of solutions, including dynamic inventory control, purchase forecasting, departmental collaboration and communication and automatic stock replenishment. We offer several services to assist in the implementation of our solutions, including:
- requirement assessment, through which the client's needs are assessed;
- infrastructure building and networking, through which all products necessary to the operation of the solution are provided;
- standardization of corporate image, through assistance in the specification of such things as logos, color schemes and trademarks; and
- software development, through which customized software solutions are made available.
RESOURCE ACQUISITION MANAGEMENT SYSTEM
Our Resource Acquisition Management System ("RAMS") acts as a central nervous system for our clients' business-to-business (B2B) Internet transactions, handling all the tasks involved in day to day dealings with suppliers and dealers in a simple, efficient manner. For purchasers, our RAMS compiles vital supplier information in real-time, and includes features such as "Direct Connect", "Favorite Supplier" and "Automatic Supply and Demand Notification". For suppliers, RAMS technology assists in sourcing clients and gathering real-time lists of clients in need of that supplier's products and services.
PC - Division Operated Until May 2003
PRINCIPLE PRODUCTS OR SERVICES AND THEIR MARKETS
BusinessWay for the greater part of the fisical year, computer markets have been left alone by the major computer companies which have chosen to focus on sales of complete systems alone or by major retailers who fail to offer parts, upgrade components or professional support to the computer user. The Company, through its wholly-owned subsidiaries, operated four (4) retail storefront locations under the name of CompuWay for components, upgrade parts and complete personal computers for use in the home, business and professional and government markets. All CompuWay locations provide complete sales and service, including full upgrade capabilities to its customers, no matter which brand or manufacturers' computer system a customer may have. Even as important as retail storefront sales, the Company has integrated a direct marketing plan using the Internet via its web sites (www. BusinessWay.com and www.compuway.ca), along with "direct to the customer" as established by Dell Computers and Gateway, to satisfy the demand of price conscious, "do-it-yourself" Internet customers. The Company's web sites have complete e-commerce capabilities for retail customers and wholesale buyers. The implementation of each phase places the Company in an opportune position to market its products and services in select niches, including the exciting Internet marketplace across the World Wide Web. The Company has built over the years commercial relationships with major manufacturers and other suppliers of parts and upgrade components. The ability to purchase directly from the manufacturer or to capitalize on discounted prices from other sources has been a key element in the advantageous cost structure of BusinessWay. In addition, the Company follows, in philosophy and in practice, the inventory methodology of "Just in Time" or JIT. This JIT inventory practice has kept the Company's inventory purchase costs as close to the current market of many price sensitive parts. While this practice requires virtually daily ordering and a continual management of all price sensitive inventory, the management time (and inventory control system) yields benefits that far exceed the extra effort. In the world we live in, a UPS/FEDEX/Mail delivery of JIT often saves substantial sums when inventory prices are declining. In an upwardly spiraling market, the Company can simply adjust its wholesale/retail prices to reflect daily price changes. An important element of the Company's success has been the honest, quality personnel retained by CompuWay. All of the Company's employees embody the philosophy of being "CompuWay - The Right Choice for Computers Today". Each of the founders has been instrumental in the selection of key personnel which has reached 8 employees as of the date of this Report. The Company will build on its strengths in the Quebec, Canada region marketplace and implement a disciplined and controlled expansion which will follow the growth pattern of other successful major retailers. The initial rural and "small-town" Canada approach will take the best of a proven, textbook Wal-Mart strategy. Further, the Company had built on its basic ideology of keeping a low overhead retail operation of a Radio Shack style storefront. ........We believe that these initiatives will have a positive impact on revenues in the upcoming fiscal year 2003. We will continue to seek out strategic alliances that will enable us to generate increased sales, either by direct sales, through joint venture projects, and will continue to seek further acquisitions and/or joint ventures with other companies in the computer technology industry. As in every business, there is always unforeseen situations that could impact our ability to meet our business objectives.
