Prospector
Profile
1019-05
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| Itlinkz Group, Inc. |
NAICS |
519130 |
| 816 S. Queen Street
Lancaster, PA 17603 |
Description |
Internet Sites |
| (717) 390-3777 |
Employees |
2 |
| http://www.itlinkz.com/ |
Revenue |
(mil) |
0.0010 |
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Income |
(mil) |
-2.7640 |
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Assets |
(mil) |
0.3180 |
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Liability |
(mil) |
1.4550 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Stegman & Company expressed doubts on the ability of Itlinkz Group, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered recurring losses from operations and has a net working capital deficit.
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Intellectual Property:
The focal point of itLinkz’ development has been the construction of the core website ‘engine’. The internals of the engine are comprised of software that itLinkz has licensed from a software vendor. Contractually, itLinkz owns exclusive intellectual property rights to all code developed under its work-to-hire agreement with the software vendor. In addition, itLinkz has access to all source code that has been licensed from the software vendor. [SEC Filing 10-KSB 09-28-07]
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Description:
The Company adapts the technology and concepts used in its website to a broad array of social networks.
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Officers:
Jeremy Feakins (CEO, CFO & Dir.); Theodore F. diStefano (Dir.)
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Auditor:
Stegman & Company
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Securities:
Common Stock-Symbol ILKZ.OB; OTC BB;
12,724,438 common shares outstanding as of September 26, 2007.
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