Prospector
Profile
07.1130
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| RG Global Lifestyles, Inc. |
NAICS |
333319 |
| 30021 Tomas, Suite 200
Rancho Santa Margarita, CA 92688 |
Description |
Water Purification Equipment Mfg. |
| (949) 888-9500 |
Employees |
2 |
| http://www.rgglife.com./ |
Revenue |
(mil) |
0.0890 |
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Income |
(mil) |
-23.9700 |
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Assets |
(mil) |
5.4890 |
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Liability |
(mil) |
14.6570 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
McKennon Wilson & Morgan LLP expressed doubts on the ability of RG Global Lifestyles, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has incurred losses, has used cash in operating activities and has a significant stockholders' deficit.
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Intellectual Property:
The Company owns the trademarks Aquair, OC Energy, KIK-IT, KIK-IT Diet, Insane, and 02. As part of the Technology Transfer Agreement effective January 2007 between the Company and Catalyx Fluid Solutions, Inc., the Company purchased US patent 6776913 and proprietary know how which will form the basis for further patents based on the fundamentals in the issued patent. The Company intends to file multiple patents for the CFS Technology utilized to treat coal bed methane gas wastewater. The Company also intends to file patents in Australia for a unique technology to condense water from humidity in the air. [SEC Filing 10-KSB 07-13-07]
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Description:
The Company develops and markets water purification and wastewater treatment products and technologies, as well as bottled beverages.
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Officers:
Juzer Jangbarwala (Chair); Grant King (CEO & Dir.); William C. Hitchcock (CFO); Daniel Koontz (Dir.); Joseph Murray (Dir.); Steve Ritchie (Dir.)
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Auditor:
McKennon Wilson & Morgan LLP
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Securities:
Common Stock-Symbol RGBL.OB; OTC BB;
26,897,592 common shares outstanding as of June 28, 2007.
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