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Prospector
Profile
07.1398
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| Money Centers of America, Inc. |
NAICS |
518210 |
| 700 South Henderson Road, Suite 325
King Of Prussia, PA 19406 |
Description |
Transaction Mgt. Services |
| (610) 354-8888 |
Employees |
43 |
| http://www.moneycenters.com/ |
Revenue |
(mil) |
11.7210 |
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Income |
(mil) |
-4.3420 |
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Assets |
(mil) |
8.3600 |
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Liability |
(mil) |
13.4910 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Money Centers of America, Inc. incurred a $559,793 net loss on $2,209,754 in revenues for the three months ended June 30, 2007, lower than the $660,703 net loss on revenues of $3,060,386 reported during the same quarter a year ago. For the six months ended June 30, 2007, the Company had a $1,783,185 net loss, lower than the $1,065,010 net loss reported during the first half of 2006. The Company's balance showed an accumulated deficit of $22,602,848 and stockholders' deficit of $6,287,817 as of June 30, 2007. It also has strained liquidity with $3,412,986 in total current assets available to pay $4,825,616 in total current liabilities.
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Intellectual Property:
The Company has filed for registration of the trade name OnSwitch™, which is used for its enterprise payment processing solution. OnSwitch™ empowers a gaming operator to garnish the profits from internalizing the processing of traditional cash access services, its proprietary services, and non-cash access transactions. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company provides cash access and transaction management services for the gaming industry in the United States.
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Officers:
Christopher M. Wolfington (Chair, Pres. & CEO); Jason P. Walsh (Sec., Treas., COO & CFO); Jeremy Stein (Dir.); Jonathan P. Robinson (Dir.); Dennis Gomes (Dir.); John Ziegler, Jr. (Dir.)
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Auditor:
Sherb & Company LLP
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Securities:
Common Stock-Symbol MCAM.OB; OTC BB;
30,769,853 common shares outstanding as of August 20, 2007.
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