About WEBB:
Note: The following information has been summarized and extracted from the company's 10K filing. For more complete information, I highly recommend you read the 10K. It can be accessed at:
edgar-partner.whowhere.com
WEBB has three business divisions (or focuses); web site development and maintenance, Community Access America, and the Healthcare Market.
Web Site Development and Maintenance - "The company generates net sales through the sale of design and consulting services for Web site development, mark-ups on computer hardware and software sold to customers and maintenance fees charged to customers to maintain computer hardware and Web sites." In some cases, the company could receive as part of it's payment a percentage of the customer's cost savings derived from its Web site.
"In February 1997, the company had approximately 350 subscribers for Internet access in the Denver Metropolitan area through the Company as their ISP. As of February 28, 1997, the company had designed Web sites for 80 customers that are maintained at its Denver facility. Four of the company's larger Web site customers include INVESCO Funds Group, Echostar Communications Group (a direct broadcast satellite company), Ciba-Geigy, Ltd., (a multinational chemical, pharmaceutical and agriculture company, and KCNC News Television.
A customer can locate its Web site on one of the company's servers or their own. The company will maintain the Web site for monthly maintenance fees that depend on the complexity of the site.
Healthcare: "The company has selected the healthcare market as a major business focus, with an emphasis on Internet-based medical education and information. The company offers Internet-based products designed to help physicians and other healthcare professionals obtain access to timely and mission-critical education and information via the Internet." The company has also worked agreements whereby healthcare providers can take courses, online tests and receive CME credit. The company is also working to provide other healthcare information services via the net as well.
Community Access America (CAA): The company has developed an Internet services provider package called CCA to offer a turnkey Internet "Point of Presence" to local cable, telephone and newspaper companies in non-urban markets with populations from 10,000 to 200,000. The company has sold five CCA packages as of 28 February 1997. The company assists with initial installation and setup of the system for a fixed fee, and sells or may lease the required equipment to the ISP operator.
The company has recently introduced a new enhancement for the CAA product under the name of Cable Access America which is specifically designed for the cable and wireless television industry. The enhancement uses hybrid cable modems to deliver data at high speeds to customers while using conventional telephone modems to send data from the customer to the Internet. For cable operators, hybrid cable modems do not require costly system upgrades in their existing plant to be performed in order to offer data services.
The initial capital investment for an ISP operator purchasing the Community Access America package ranges from approximately $33,000 to $70,000. |
