October 29, 2007
Prospector
Profile
07.1483
 
Global Music International, Inc. NAICS 512110
30 Grassy Plain Street, Suite 7 Bethel, CT 06801 Description Music Video Production
(203) 730-0888 Employees 16
http://www.imntv.com/help/about.php Revenue (mil) 0.0730
  Income (mil) -2.5660
  Assets (mil) 0.1600
  Liability (mil) 2.2900
  (for the year ended 2007-06-30)
 
Category: Audit Concerns
 
Event: Carlin Charron & Rosen LLP raised substantial doubt about the ability of Global Music International, Inc. to continue as a going concern after auditing its financial statements. The auditor notes that the Company has a working capital deficiency of $2,155,891 as of June 30, 2007, has earned minimal revenues, and has incurred a net loss since its inception totaling $3,492,417.
 
Intellectual Property: The Company's trademarks IMNTV® and GETHUGE® are registered with the United States Patent and Trademark Office. These trademarks are not registered in China but there is some brand awareness of IMNTV® in China. [SEC Filing 10-KSB 09-27-07]
 
Description: The Company operates in the cellular entertainment industry for the broadcast of music videos, ring tones, and ring back tones on various telecom networks.
 
Officers: James Fallacaro (Chair, Pres. & CEO); Christopher Mauritz (EVP, Chief Technology Officer & Dir.); Ji Shen (VP & Dir.); David R. Allen (CFO); Corinne Fallacaro (Sec. & Treas.)
 
Auditor: Carlin Charron & Rosen LLP
 
Securities: Common Stock-Symbol GMUS.OB; OTC BB; 22,184,500 common shares outstanding as of June 30, 2007.
 
 
 
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