August 20, 2007
Prospector
Profile
07.1216
 
uVuMobile, Inc. NAICS 516110
3505 Koger Blvd., Suite 400 Duluth, GA 30096 Description Video Content Distribution
(770) 279-3100 Employees 20
http://www.smartvideo.com/corp_ABOUTUS.asp Revenue (mil) 0.8000
  Income (mil) -24.4880
  Assets (mil) 6.6910
  Liability (mil) 10.7820
  (for the year ended 2006-12-31)
 
Category: Loss/Deficit
 
Event: uVuMobile, Inc.'s consolidated balance sheet at June 30, 2007, showed $2.7 million in total assets and $5.7 million in total liabilities, resulting in a $3.0 million total stockholders' deficit. The Company's consolidated balance sheet at June 30, 2007, also showed strained liquidity with $995,786 in total current assets available to pay $5.2 million in total current liabilities. The Company reported a net loss of $3.1 million for the second quarter ended June 30, 2007, compared with a net loss of $6.2 million for the comparable period in 2006. Revenues increased to $278,169 for the three months ended June 30, 2007, as compared to $166,432 for the same period in 2006.
 
Intellectual Property: The Company's intellectual property is critical to its business. The Company seeks to protect intellectual property through copyrights, trademarks, patents, trade secrets, confidentiality provisions in customer, supplier, potential investors, and strategic relationship agreements, non-disclosure agreements with third-parties, and invention assignment agreements with employees and contractors. [SEC Filing 10-K 03-30-07]
 
Description: The Company, formerly known as SmartVideo Technologies, Inc., is a provider of video content distribution services and technology.
 
Officers: Glenn H. Singer (Chair); David R. Ross (Pres. & Interim CEO); Ronald A. Warren (VP & Corp. Sec.); William Loughman (CFO); Michael E. Criden (Dir.); Justin A. Stanley, Jr. (Dir.); David Oros (Dir.); John E. Abdo (Dir.)
 
Auditor: Sherb & Company LLP
 
Securities: Common Stock-Symbol SMVD.OB; OTC BB; 53,667,284 common shares outstanding as of March 27, 2007.
 
 
 
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