Prospector
Profile
07.1491
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| Security Intelligence Technologies, Inc. |
NAICS |
334290 |
| 145 Huguenot Street
New Rochelle, NY 10801 |
Description |
Security Equipment Mfg. |
| (914) 654-8700 |
Employees |
31 |
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Revenue |
(mil) |
1.8340 |
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Income |
(mil) |
-2.2860 |
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Assets |
(mil) |
0.6980 |
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Liability |
(mil) |
9.7480 |
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(for the year ended 2007-06-30) |
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Category:
Default
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Event:
On June 30, 2007, creditors of its CCS International, Inc. subsidiary initiated lawsuits for nonpayment of accrued liabilities and its distributors has initiated litigation for breaches of their agreements totalling $1,400,000. Judgments of approximately $770,000 have been entered against CCS in these matters. A CCS creditor has obtained a default judgment against the Company based upon the claim that the Company was responsible for CCS’s obligations and two other CCS creditors have initiated actions against the Company claiming that the Company is responsible for CCS’s obligations.
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Intellectual Property:
The Company relies on non-disclosure agreements with employees to protect its proprietary software and products, including its bomb-jamming equipment. It currently owns a number of United States trademark registrations. [SEC Filing 10-KSB 10-05-07]
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Description:
The Company designs, assembles, markets and sells security products for use by military, law enforcement and security personnel in the public and private sectors.
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Officers:
Ben Jamil (Chair & CEO); Chris R. Decker (CFO & Dir.); Tom Felice (Dir.); Sylvain Naar (Dir.)
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Auditor:
Demetrius & Company LLC
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Securities:
93,584,668 common shares outstanding as of September 27, 2007.
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