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    Washington Post.com: Post 200 -- The Top 100 Public Cos.

    WorldCorp Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 313,672 27.2
    Net Income (11,754) --
    Rank Last Year: 41

    Description:
    WorldCorp is a holding company with interests in an airline, World Airways, and a data processing company, InteliData.

    Business Resume:
    • Contact Info --
      13873 Park Center Rd., Suite 490
      Herndon, Va. 22071
      703-834-9200
    • Main Business --
      Holding company
    • Founded --
      1987
    • Chairperson --
      William Gorog
    • President --
      T. Coleman Andrews (CEO)
    • Employees --
      4
    • D.C.-Area Employees --
      4
    Developments:
    WorldCorp was forced to put on hold a plan to "monetize" World Airways that effectively would spin off the airline, because World Airways entered a slump during early 1996. The airline restructured and appears to be in a more healthy condition, making it likely plans will move ahead to remove it from the WorldCorp fold.

    In November WorldCorp's US Order merged with Colonial Data Technologies to form InteliData. WorldCorp has a 28 percent interest in InteliData. Analysts expect WorldCorp to use the funds from World Airways to pay off debt, then invest in either a new technology startup company or increase its investment in InteliData.

    Copyright 1997 The Washington Post

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