Nasdaq , PRVD
Provide Commerce, Inc. operates an e-commerce marketplace of Web sites for perishable goods that delivers fresh products directly from the supplier to the customer. Provide Commerce combines an online storefront, supply chain management technology, supplier relationships and logistical relationships with Federal Express and United Parcel Service to create a market platform that bypasses traditional supply chains of wholesalers, distributors and retailers. Provide Commerce sells flowers and plants on its proflowers.com Web site and sells gourmet foods on its Uptown Prime and Cherry Moon Farms Web sites. In October 2003, the company launched two Web sites under its gourmet food business unit: Uptown Prime, offering premium meats and seafood, and Cherry Moon Farms, offering fresh premium fruits.
Value
Total number of shares outstanding as of Dec. 2 12,000,000
Price of each share of common stock on Dec. 2 $30.23
Aggregate market value as of Dec. 2 $362,760,000
Performance Record
For year ended June 30, in thousands, except per-share data.
2005 2004 2003
Total revenues $177,078 $128,813 $88,684
Net income (loss) $8,915 $19,536 $4,332
Net income (loss) per share $.65 $1.50 $.39
Total assets $90,208 $80,225 $17,334
Directors
Joel Citron, 43, chairman since 2000.
David Dangoor, 56, director since 2003.
Joseph Kennedy, 53, director since 2000.
Arthur Laffer, 65, director since 1998.
Peter McLaughlin, 67, director since 2003.
James Myers, 47, director since 2003.
Jordanna Schutz, 25, director since 2003.
Marilyn Seymann, 62, director since 2004.
William Strauss, 47, director since 1998.
Executive Compensation
Officer 2005 Cash Compensation
William Strauss, chief executive officer $912,596
Abraham Wynperle, president and chief operating officer $488,558
Kenneth Constable, senior vice president and general manager $496,635
Kevin Hall, chief information officer $327,788
Mark Sottosanti, senior vice president and general manager $291,154
Significant Stock Ownership
Number of shares Aug. 31
Arthur Laffer 3,631,211
Joel Citron 3,528,692
Internet Floral Concepts, L.P. 3,528,692
Jovian Holdings, LLC 3,528,692
Jared Schutz 3,528,692
Baron Capital Management, Inc. 881,707
William Strauss 10,330
Arbor Capital Management, LLC 709,883
Directors and officers as a group (16 people) 3,915,619
Other Information
Headquarters: 5005 Wateridge Vista Drive, San Diego, CA 92121; (858) 638-4900; fax (858) 546-3081.
Web site: www.providecommerce.com.
Auditors: Ernst & Young LLP.
Employees: 175.
Industry: Internet service provider.
Information was compiled from the company’s annual and proxy reports.
