Foodbase GroupInc (PK:FBGI)
Business Focus: Textiles & Leather Goods
| Sector: Consumer Cyclicals | Industry: Textiles & Leather Goods |
| Company Contact | |
| Address: | 4030 Wake Forest Road, Ste 349 RALEIGH NC 27609 |
| Tel: | N/A |
| Website: | https://foodbase.ai |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Foodbase Group Inc. is an emerging growth company. The Company seeks opportunities in the bakery product market to develop and create bakery related supply chain to become a professional solution provider in the Asian baking industry. The Company has not commenced operations. It has not generated any revenue. |
| Financial Overview |
| For the nine months ended 30 September 2012, Foodbase GroupInc revenues decreased 55% to $33M. Net loss totaled $2.6M vs. income of $3.7M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Interest expense increase from $812K to $1.8M (expense), General and administrative expenses increase of 9% to $2.1M (expense). |
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