November 5, 2007
Prospector
Profile
07.1502
 
Amerityre Corp. NAICS 326211
1501 Industrial Road Boulder City, NV 89005 Description Automotive Tires Mfg.
(702) 294-2689 Employees 28
http://www.amerityre.com/ Revenue (mil) 3.4270
  Income (mil) -5.0070
  Assets (mil) 8.8280
  Liability (mil) 0.6200
  (for the year ended 2007-06-30)
 
Category: Loss/Deficit
 
Event: Amerityre Corp. reported a net loss of $5,007,822 for the year ended June 30, 2007, compared to net loss of $5,324,240 and $10,073,008 incurred during the years ended June 30, 2006 and 2005, respectively. Total revenues for year ended June 30, 2007 were $3,427,254, much higher than the revenues of $2,025,630 and $1,681,091 reported during the previous two fiscal years. The Company's balance sheet at June 30, 2007 showed a retained deficit of $46,795,897.
 
Intellectual Property: The Company seeks to obtain patent protection for, or to maintain as trade secrets, those inventions that are important to the development of its business. The Company owns 7 issued U.S. patents and 10 additional pending U.S. and foreign patent applications. It uses various trademarks in association with marketing its products, including the names Arcus®, Amerityre®, Atmospheric®, Elastothane®, Amerifill™, Elastothane®, Logo® and Tire Technology for the 21st Century™. The Company’s polyurethane material technology is based on two key proprietary formulations a closed-cell polyurethane foam and polyurethane elastomer. [SEC Filing 10-K 09-14-07]
 
Description: The Company engages in the manufacture, marketing, distribution, and sale of flat-free specialty tires and tire-wheel assemblies in Nevada.
 
Officers: Louis M. Haynie (Chair); Gary N. Benninger (CEO); Anders A. Suarez (CFO); Henry D. Moyle (Dir.); Wesley G. Sprunk (Dir.); Norman H. Tregenza (Dir.); Steve M. Hanni (Dir.); Kenneth Johnsen (Dir.)
 
Auditor: HJ & Associates LLC
 
Securities: Common Stock-Symbol AMTY; NasdaqCM; 23,441,551 common shares outstanding as of September 7, 2007.
 
 
 
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