July 30, 2007
Prospector
Profile
07.1110
 
Cicero, Inc. NAICS 511210
1433 State Highway 34, Building C Farmingdale, NJ 07727 Description Software Publishers
(732) 919-3150 Employees 18
http://www.level8.com/ Revenue (mil) 0.9720
  Income (mil) -2.9970
  Assets (mil) 0.5970
  Liability (mil) 8.5090
  (for the year ended 2006-12-31)
 
Category: Audit Concerns
 
Event: Margolis & Company PC notes that Cicero, Inc. has experienced negative cash flows from operations for the past three years. At December 31, 2006, the Company had a working capital deficiency of approximately $7,894,000. Accordingly, the auditor believes that there is substantial doubt that the Company can continue as a going concern.
 
Intellectual Property: The Company relies upon combinations of copyright, trademark and trade secrecy protections, along with contractual provisions, to protect intellectual property rights in software, documentation, data models, methodologies, data processing systems and related written materials in the international marketplace. The Company originally licensed the Cicero® technology and related patents on a worldwide basis from Merrill Lynch Pierce Fenner & Smith, Inc. in August 2000. Merrill Lynch holds a patent with respect to the Cicero® technology. The Company uses the registered trademarks “Cicero®” and “Ensuredmail.” [SEC Filing 10-K/A 07-11-07]
 
Description: The Company provides business integration software worldwide.
 
Officers: John L Steffens (Chair); John Broderick (CEO, CFO & Dir.); Anthony C. Pizi (Chief Information Officer & Dir.); Mark Landis (Dir.); Bruce W. Hasenyager (Dir.); Jay R. Kingley (Dir.); Charles B. Porciello (Dir.); Bruce D. Miller (Dir.); Bruce A. Percelay (Dir.); John W. Atherton (Dir.)
 
Auditor: Margolis & Company PC
 
Securities: Common Stock-Symbol CICN.OB; OTC BB; 38,873,793 common shares outstanding as of March 13, 2007.
 
 
 
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