The MacReport.Net, Inc. operates as an information and media company. The company provides a Web-based forum for public and private issuers to communicate corporate audio news content to the business, financial, and investing community through its Web site, located at www.macreport.net. Through content partnerships, the company also provides Web-based financial information to professionals who need access to corporate, industry and market intelligence. By visiting the company's Website, users are able to access comprehensive and up-to-the minute business and financial information on public and private companies from various information providers drawing upon multiple sources of content. The company's services enable timely, online access to an array of proprietary and partner content. These sources include both textual information, such as news, trade press, SEC filings, executive biographies and analyst reports, and numeric information, such as company financial results, stock quotes and industry statistics. The company markets and sells package services to public and private companies. The packages range from merely exposure on its Web site to a comprehensive service package, including press release services as well as client exposure on its Web site. Also, the Company purchases advertising pages from ‘Institutional Investor’ magazine and, within these pages, highlights its clients and information regarding such client' business. The press release services can range from a set amount of client press releases per month to unlimited. Subsidiaries The Company incorporated Macnetworks, Inc., a Delaware corporation that is wholly-owned by the Company. In February 2004, Macnetworks was appointed as a General Partner for Van Pfeiffer, L.P., a New York limited partnership and hedge fund that primarily invests in private investments in public companies. In 2004, the Company incorporated The Marcellus Group, LLC, a New York limited liability company. As of November 20, 2005, The Marcellus Group purchased eight commercial building properties in Marcellus, New York for the purposes of office space for the Company. In 2004, the Company incorporated SpringBay Oil Company, Inc., a New York corporation. SpringBay Oil Company was formed in 2004 to develop a product that can be used in the production monitoring of oil wells. In June 2005, the Company formed Monolith Athletic Club, LLC, a New York limited liability company. In February 2005, the Company incorporated JA Spa, LLC., a New York limited liability company. JA Spa, LLC was formed to develop a health spa concept within one of the properties owned by the Company in Marcellus, New York. Customers Subscribers for the company’s service packages would primarily be corporations that are publicly traded that require services such as press release and are concerned about exposure to the financial and investor community. Competition The company competes for subscribers, visitors, advertisers and content providers with various types of companies, such as: business and financial information providers such as Dow Jones, Dialog, Lexis-Nexis, Pearson, Reuters, Thomson, Primark and McGraw-Hill; providers of company information, such as Dun & Bradstreet, MarketGuide, a division of Multex, and Standard & Poor’s; on-line information services or Web sites targeted to specific markets or applications, such as NewsEdge, Factset and Bloomberg; Web retrieval, Web ‘portal’ companies and other free or low-cost mass market on-line services such as Excite, Infoseek, Lycos, Yahoo!
macreport.net inc/the (MRPT:OTC US)
22 West Main Street
Marcellus, NY 13108
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