August 6, 2007
Prospector
Profile
07.1148
 
Magenta Media (US), Inc. NAICS 334100
Suite 5.12, 130 Shaftesbury Avenue London, England WID 5EU Description Computers Mfg.
+44 (0) 20-7031-1185 Employees 0
http://www.magentamedia.net/ Revenue (mil) 0.0010
  Income (mil) -1.8220
  Assets (mil) 0.0590
  Liability (mil) 0.0570
  (for the year ended 2006-06-30)
 
Category: Loss/Deficit
 
Event: Magenta Media (US), Inc. reported a net loss of $39,755 for the three months ended March 31, 2007, compared to a net loss of $24,207 reported during the same period a year ago. The Company has a accumulated deficit of $2,251,415 and stockholder's deficit of $167,077 as of March 31, 2007. It also has strained liquidity with $19,867 in total current assets and $186,944 in total current liabilities.
 
Intellectual Property: The Company's success and ability to compete depends on its proprietary Wireless Guest Entertainment (WGE) technology. It does not have any patent protection that covers the Magenta WGE technology. Accordingly, the only measure that will be available to protect its Magenta WGE technology will be based upon a combination of trade secret and copyright law and the ability to ensure confidentiality of the software source codes through non-disclosure agreements. [SEC Filing 20-F 07-13-07]
 
Description: The Company owns an integrated computer software and hardware based platform that enables hotels to provide their guests with wireless entertainment and services through the use of a single hand-held computer.
 
Officers: Nathan Amery (Pres., Sec., Treas. & Dir.)
 
Auditor: Staley Okada & Partners LLP
 
Securities: 32,065,295 common shares outstanding as of July 9, 2007.
 
 
 
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