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Prospector
Profile
07.1129
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| Remedent, Inc. |
NAICS |
339114 |
| Xavier de Cocklaan 42, 9831
Deurle, Belgium |
Description |
Dental Equipment & Supplies Mfg. |
| 011-329-321-70-80 |
Employees |
23 |
| http://www.remedent.be/index.php?map=company&actief=mission&paginatitel=Mission |
Revenue |
(mil) |
6.6760 |
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Income |
(mil) |
-1.4960 |
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Assets |
(mil) |
4.3770 |
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Liability |
(mil) |
3.6410 |
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(for the year ended 2007-03-31) |
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Category:
Loss/Deficit
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Event:
Remedent, Inc. reported a net loss of $1,496,049 on revenues of $6,676,365 for the fiscal year ended March 31, 2007, much lower than the net loss reported during the previous fiscal year of $3,887,302 on revenues of $7,393,948. As a result of its recurring losses, the Company has an accumulated deficit of $11,147,600 and only $736,093 in stockholder's equity.
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Intellectual Property:
In October 2004, the Company acquired the exclusive, perpetual license to two issued United States patents which are applicable to the MetaTray® kit. It anticipates that these patents will provide protection against potential competition for the MetaTray product within the United States. The Company has filed two patent applications in the European Union, United States and Australia related to the GlamSmile product and four international patents applications related to the MetaTray and iWhite products which are pending, including patent applications related to the foam strip technology utilized in these products. In September 2004, the Company entered into an agreement with Lident N.V. to obtain an option to license an international patent and worldwide manufacturing and distribution rights for a potential new product. The Italian patent relates to a single use universal applicator for dental pastes, salves, creams, powders, liquids and other substances where manual application could be relevant. The Company owns the rights to registered trademarks and service marks in several foreign countries, including “CleverWhite.” It has filed applications to register trademarks and service marks in several foreign countries, including “iWhite®”, “MetaTray®” and “Remedent.” [SEC Filing 10-KSB 07-13-07]
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Description:
The Company is one of the leading manufacturers of cosmetic dentistry products in Europe.
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Officers:
Guy De Vreese (Chair); Robin List (CEO & Dir.); Philippe Van Acker (CFO); Stephen Ross (Sec. & Dir.); Fred Kolsteeg (Dir.)
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Auditor:
PKF
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Securities:
Common Stock-Symbol REMI.OB; OTC BB;
18,596,245 common shares outstanding as of July 9, 2007.
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