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Prospector
Profile
07.1485
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| Host America Corp. |
NAICS |
722000 |
| Two Broadway
Hamden, CT 06518 |
Description |
Management Services |
| (203) 248-4100 |
Employees |
0 |
| http://www.hostamericacorp.com/ |
Revenue |
(mil) |
7.1940 |
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Income |
(mil) |
-6.1040 |
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Assets |
(mil) |
8.9990 |
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Liability |
(mil) |
14.3570 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Mahoney Cohen & Company CPA PC expressed substantial doubt about Host America Corp.'s ability to continue as a going concern after auditing its financial statements. The Company incurred net losses of $6,072,916, $12,936,914 and $9,663,155 for the years ended June 30, 2007, 2006 and 2005 respectively, and had a stockholders' deficiency of $5,358,127 as of June 30, 2007.
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Intellectual Property:
The Company owns the right, title and interest in the patent pending EnerLume-EM™ energy saving-device. The EnerLume-EM™ is an electrical energy saving device that treats electronic ballasts with fluorescent lighting systems, and can reduce electricity bills by up to 15% or more. [SEC Filing 10-K 09-27-07]
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Description:
The Company provides food service management, energy management conservation and pre-employment background screening.
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Officers:
David J. Murphy (Pres., CEO & Dir.); Michael C. Malota (CFO); John D’Antona (Dir.); Patrick J. Healy (Dir.); Gilbert Rossomando (Dir.); Nicholas M. Troiano (Dir.)
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Auditor:
Mahoney Cohen & Company CPA PC
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Securities:
Common Stock-Symbol HOST.PK; Other OTC;
10,878,514 common shares outstanding as of September 21, 2007.
6.5% to 13% vehicle notes due 2011; 7.5% promissory notes due November 2008.
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