Prospector
Profile
07.1108
|
| |
| Atlantic Wine Agencies, Inc. |
NAICS |
312130 |
| Farm 25 A-Sir Lowry’s Pass Village
Somerset West, South Africa 7129 |
Description |
Wineries |
| (011) 27-218-581130 |
Employees |
0 |
| http://www.atlanticwineagencies.com/ |
Revenue |
(mil) |
0.1960 |
| |
Income |
(mil) |
-1.5650 |
| |
Assets |
(mil) |
2.6210 |
| |
Liability |
(mil) |
2.0950 |
| |
(for the year ended 2007-03-31) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Meyler & Company LLC expressed doubts on the ability of Atlantic Wine Agencies, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has incurred cumulative losses of $7,749,230 since inception, has negative working capital of $1,912,728, and there are existing uncertain conditions the Company faces relative to its ability to obtain capital and operate successfully.
|
| |
|
Intellectual Property:
The Company's wines are sold under the trademarks Mount Rozier, Rozier Bay and Rozier Reef. [SEC Filing 10-KSB 07-13-07]
|
| |
|
Description:
The Company has two wholly-owned subsidiaries, Mount Rozier Estates (Pty) Limited and Mount Rozier Properties (Pty) Limited, both of which own a world-class vineyard in the Stellenbosch region of Western Cape, South Africa.
|
| |
|
Officers:
Adam Mauerberger (Chair, Pres., CEO & CFO)
|
| |
|
Auditor:
Meyler & Company LLC
|
| |
|
Securities:
Common Stock-Symbol AWNA.OB; OTC BB;
46,363,880 common shares outstanding as of March 31, 2007.
|
| |
| |
| |
| return to main page |
