Discover Productions
Company Summary
Founded in 1979, Discover Productions began in November 1992 to provide a new innovative role in the ASP technology market. The company began marketing turn-key Web-based Internet computing solutions to businesses entering the fast paced ever-changing World Wide Web.
Discover Productions is a privately held Ohio C-Corporation, with principal offices located in Cleveland, Ohio. This facility of 10,000 square feet serves as an administration and development facility. It includes two development offices, a conference room, a computer center, and a reception area. This new facility was opened in November 1999 and helps to provide customers with state-of-the-art networks and backup facilities. With the additional funding, the company plans to open a marketing and sales office in Cleveland, Ohio, and begin developing new Web-based applications.
2.1 Company History
Discover Productions provides its customers with the necessary tools to maximize their company efficiency and increase their profitability. These include Web-based technologies such as e-commerce, Web development, a co-location computing facility, software integration, disaster recovery, and other Web applications that are critical to a customer’s business. Discover Productions also provides remote support in maintaining networks and software for customers as needed.
In today’s growing business, companies need computer and Internet service to increase growth, Discover Productions works with companies providing turn-key computing solutions for their office environment and Internet access. Management of Web services and a customer’s office computing environment can be done remotely from the Discover Productions head office allowing a cost effective solution for small to mid-size companies who need computing management.

Past Performance | |||
FY 1998 | FY 1999 | FY 2000 | |
Sales | $0 | $0 | $500,000 |
Gross Margin | $0 | $0 | $400,000 |
Gross Margin % | 0.00% | 0.00% | 80.00% |
Operating Expenses | $0 | $0 | $200,000 |
Collection Period (days) | 0 | 0 | 18 |
Balance Sheet | |||
FY 1998 | FY 1999 | FY 2000 | |
Current Assets | |||
Cash | $0 | $0 | $30,000 |
Accounts Receivable | $0 | $0 | $40,000 |
Other Current Assets | $0 | $0 | $5,000 |
Total Current Assets | $0 | $0 | $75,000 |
Long-term Assets | |||
Long-term Assets | $0 | $0 | $100,000 |
Accumulated Depreciation | $0 | $0 | $20,000 |
Total Long-term Assets | $0 | $0 | $80,000 |
Total Assets | $0 | $0 | $155,000 |
Current Liabilities | |||
Accounts Payable | $0 | $0 | $30,000 |
Current Borrowing | $0 | $0 | $5,000 |
Other Current Liabilities (interest free) | $0 | $0 | $0 |
Total Current Liabilities | $0 | $0 | $35,000 |
Long-term Liabilities | $0 | $0 | $50,000 |
Total Liabilities | $0 | $0 | $85,000 |
Paid-in Capital | $0 | $0 | $25,000 |
Retained Earnings | $0 | $0 | $45,000 |
Earnings | $0 | $0 | $0 |
Total Capital | $0 | $0 | $70,000 |
Total Capital and Liabilities | $0 | $0 | $155,000 |
Other Inputs | |||
Payment Days | 0 | 0 | 30 |
Sales on Credit | $0 | $0 | $400,000 |
Receivables Turnover | 0.00 | 0.00 | 10.00 |