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Prospector
Profile
928-01
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| Integrated Environmental Technologies Ltd. |
NAICS |
325612 |
| 4235 Commerce Street
Little River, SC 29566 |
Description |
Disinfectants Mfg. |
| (843) 390-2500 |
Employees |
10 |
| http://www.ietltd.net/ |
Revenue |
(mil) |
0.4340 |
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Income |
(mil) |
-1.6100 |
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Assets |
(mil) |
0.2600 |
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Liability |
(mil) |
0.6610 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Integrated Environmental Technologies Ltd. had a $707,322 net loss on $118,289 in revenues for the second quarter ended June 30, 2007, more than double its $325,212 net loss on $119,397 in revenues booked in the second quarter of last year. The Company's balance sheet showed an accumulated deficit of $6,259,176 and stockholder's deficit of $398,915 as of June 30, 2007. It also has strained liquidity with $710,957 in total current assets available to pay $1,115,505 in total current liabilities.
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Intellectual Property:
The Company has filed a process patent for an industry-specific application of its EcaFloŽ solutions and will continue to develop other intellectual property rights to protect and preserve proprietary technology and its right to capitalize on the results of research and development activities. The Company also will rely on trade secrets, know-how, continuing technological innovations and licensing opportunities to provide competitive advantages for its products and to develop new products. Relative to its essential oils extraction, the Company has an agreement to pursue the development of extraction technologies utilizing Coach House Group's technology. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company designs, manufactures, and sells EcaFlo equipment.
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Officers:
William E. Prince (Chair, Pres., CEO & Treas.); Marion Sofield (Sec. & Dir.); James C. Pate (Dir.); Dr. Valgene L. Dunham (Dir.)
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Auditor:
Weaver & Martin LLC
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Securities:
Common Stock-Symbol IEVM.OB; OTC BB;
65,238,409 common shares outstanding as of August 13, 2007.
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