Prospector
Profile
1018-01
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| New Medium Enterprises, Inc. |
NAICS |
334310 |
| 195 The Vale
London, United Kingdom W3 7QS |
Description |
DVDs Mfg. |
| +44 208-746-2018 |
Employees |
44 |
| http://www.nmeinc.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-35.7660 |
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Assets |
(mil) |
5.2280 |
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Liability |
(mil) |
3.0050 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Morgenstern Svoboda & Baer CPA’s PC raised doubts on the ability of New Medium Enterprises, inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has had no significant income, has incurred net losses since its inception and has experienced severe liquidity problems.
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Intellectual Property:
The Company has filed patent and provisional patent applications in various countries to protect certain intellectual property it has developed. The Company has obtained licenses from various parties which it deems to be necessary or desirable for the manufacture, use or sale of technologies and products. The Company has also reserved figurative trademarks for use in the development and sale of technologies and products including figurative trademarks containing the names NME and HD VMD. [SEC Filing 10-KSB 09-27-07]
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Description:
The Company provides the world's first low-cost true high definition medium solution utilizing red laser technology and existing DVD industrial infrastructure.
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Officers:
Michael Jay Solomon (Chair); Mahesh Jaranayaran (CEO & Dir.); Dr. Eugene Levich (CTO & Dir.); Irene Kuan (CFO & Dir.); Sanjay Khar (Dir.); Per Bergstrom (Dir.); Thomas Berglund (Dir.); Rupert Stow (Dir.); Barry Williamson (Dir.)
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Auditor:
Morgenstern Svoboda & Baer CPA’s PC
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Securities:
Common Stock-Symbol NMEN.OB; OTC BB;
337,954,035 common shares outstanding as of September 25, 2007.
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