Web Services Provider
Company Summary
Legal Business Description
Web Services Provider was founded in September 1993 in Richmond, Virginia as an Internet Service Provider. The company is a Virginia Corporation with principal offices located in Richmond.
2.1 Company History
Web Services Provider began as a Web hosting company. The company developed a highly-skilled engineering team dedicated to developing a system to offer clients the greatest degree of reliability and bandwidth at a more affordable price. Web Services Provider, with its in-depth knowledge of Web hosting systems, is now evolving into a large, specialized, Web hosting service provider.

Past Performance | |||
1997 | 1998 | 1999 | |
Sales | $0 | $0 | $900,000 |
Gross Margin | $0 | $0 | $700,000 |
Gross Margin % | 0.00% | 0.00% | 77.78% |
Operating Expenses | $0 | $0 | $700,000 |
Collection Period (days) | 0 | 0 | 3 |
Balance Sheet | |||
1997 | 1998 | 1999 | |
Current Assets | |||
Cash | $0 | $0 | $2,450 |
Accounts Receivable | $0 | $0 | $14,200 |
Other Current Assets | $0 | $0 | $1,050 |
Total Current Assets | $0 | $0 | $17,700 |
Long-term Assets | |||
Long-term Assets | $0 | $0 | $5,250 |
Accumulated Depreciation | $0 | $0 | $1,000 |
Total Long-term Assets | $0 | $0 | $4,250 |
Total Assets | $0 | $0 | $21,950 |
Current Liabilities | |||
Accounts Payable | $0 | $0 | $10,000 |
Current Borrowing | $0 | $0 | $500 |
Other Current Liabilities (interest free) | $0 | $0 | $10,900 |
Total Current Liabilities | $0 | $0 | $21,400 |
Long-term Liabilities | $0 | $0 | $3,550 |
Total Liabilities | $0 | $0 | $24,950 |
Paid-in Capital | $0 | $0 | $100,000 |
Retained Earnings | $0 | $0 | ($103,000) |
Earnings | $0 | $0 | $0 |
Total Capital | $0 | $0 | ($3,000) |
Total Capital and Liabilities | $0 | $0 | $21,950 |
Other Inputs | |||
Payment Days | 0 | 0 | 30 |
Sales on Credit | $0 | $0 | $900,000 |
Receivables Turnover | 0.00 | 0.00 | 63.38 |