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Article: Devoid of assets and revenue, PetQuarters still won't die.
- Article from:
- Arkansas Business
- Article date:
- March 24, 2003
- Author:
CopyrightCOPYRIGHT 2003 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARKANSAS' ONLY CONTRI-bution to the world of dot-com stocks isn't quite dead, but it's hard to figure out what's keeping PetQuarters Inc. alive.
A Web presence lingers with Petquarters.com, and a few shares of PetQuarters' sub-penny stock occasionally trade. But what was supposed to be a pet supply retailer has lost virtually all of its assets, including a mail-order warehouse in Pennsylvania, and doesn't even seem to have offices or any source of revenue.
Neither CEO Steve Dempsey nor founder and largest shareholder Michael D. Parnell returned repeated phone calls over several days. Rollins, who resigned as chief financial officer in July, declined to ...