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Prospector
Profile
07.1269
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| Allied Security Innovations, Inc. |
NAICS |
322222 |
| 1709 Route 34
Farmingdale, NJ 07727 |
Description |
Security Tapes Mfg. |
| (732) 359-0260 |
Employees |
20 |
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Revenue |
(mil) |
4.5280 |
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Income |
(mil) |
-4.3490 |
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Assets |
(mil) |
6.0330 |
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Liability |
(mil) |
18.8120 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Allied Security Innovations, Inc. reported a net loss of $1,612,352 for the three months ended June 30, 2007, lower than the $2,024,062 net loss reported during the same quarter last year. The Company reported revenues of $1,037,477 for the second quarter of 2007, lower than the $1,233,729 in revenues reported during the second quarter of 2006. For the six months ended June 30, 2007, the Company reported a net loss of $1,806,298, much lower than the $3,921,934 net loss reported during the first half of 2006. For the first half ended June 30, 2007, the Company reported revenues of $2,029,333, lower than the $2,104,693 in revenues resported during the first half of 2006. The Company's balance sheet showed an accumulated deficit of $33,300,984, stockholders' deficit of $14,290,444 and working capital deficit of $13,425,352 at June 30, 2007.
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Intellectual Property:
The Company owns the proprietary rights to the software used in the Compu-CaptureŽ programs. In addition, the Company owns the rights to the trademarks Compu-CaptureŽ, Compu-ColorŽ and Compu-ScanŽ, all trademarks have been registered with the United States Patent and Trademark Office. [SEC Filing 10-KSB 04-02-07]
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Description:
The Company is a manufacturer and distributor of indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers as well as a number of highly specialized authentication products.
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Officers:
Anthony Shupin (Pres., CEO & Dir.); Michael Pellegrino (SVP, CFO & Dir.); Erik Hoffer (EVP & Dir.); Robert Gowell (Dir.); Vincent Moreno (Dir.)
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Auditor:
Bagell Josephs Levine & Company LLC
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Securities:
Common Stock-Symbol ASVN.PK; Other OTC;
88,074,357 common shares outstanding as of July 27, 2007.
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