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Prospector
Profile
07.1068
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| Public Media Works, Inc. |
NAICS |
512120 |
| 14759 Oxnard Street
Van Nuys, CA 91411 |
Description |
Film Distribution |
| (818) 904-9029 |
Employees |
1 |
| http://www.publicmediaworks.com/ |
Revenue |
(mil) |
0.0050 |
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Income |
(mil) |
-0.2590 |
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Assets |
(mil) |
0.3350 |
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Liability |
(mil) |
1.3790 |
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(for the year ended 2007-02-28) |
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Category:
Default
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Event:
Public Media Works, Inc. has significant outstanding indebtedness, and is in default under its obligations to repay a significant portion of such indebtedness. As of February 28, 2007, the Company has an aggregate outstanding balance of $1,238,573 in debt obligations, of which $1,001,071 is past due or due on demand. The Company does not have the cash to pay its debt obligations. These events of default provide the lenders with certain rights, including the right to institute an involuntary bankruptcy proceeding against the Company.
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Intellectual Property:
The Company owns and maintains the Internet domain names www.publicfilmworks.com, www.publicmediaworks.com, and www.publicmusicworks.com. The Company has also registered numerous Internet domain names for specific projects. The Company owns a service mark for “PublicFilmWorks”. The Company intends to copyright all screenplays, project treatments, and other original material that it produces. It will also register applicable screenplays and scripts with the Writers Guild of America. The Company has registered 12 screenplays and scripts with the Writers Guild of America. [SEC Filing 10-KSB 06-13-07]
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Description:
The Company engages in the development, production, marketing, and distribution of entertainment media for fan-based audiences in the United States.
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Officers:
Corbin Bernsen (Pres., CEO, Sec. & Dir.); George Mainas (Dir.)
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Auditor:
Burnham & Schumm PC
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Securities:
Common Stock-Symbol PUBM.OB; OTC BB;
38,489,257 common shares outstanding as of May 8, 2007.
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