Prospector
Profile
07.1508
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| Golden Century Technologies Corp. |
NAICS |
339100 |
| 1027 Pandora Avenue
Victoria, British Columbia Canada V8V 3P6 |
Description |
Medical Equipment Mfg. |
| (250) 413-3268 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.1120 |
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Assets |
(mil) |
0.0230 |
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Liability |
(mil) |
0.0750 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Manning Elliott LLP raised substantial doubt about the ability of Golden Century Technologies Corp. to continue as a going concern after auditing its financial statements. The auditor notes that the Company has a working capital deficiency and has incurred operating losses since inception.
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Intellectual Property:
The Company has been granted a license by Mr. Douglas Wolrich, the inventor of the Flushable Colostomy and Ostomy Pouch Liners, to manufacture, distribute, market and sell the Flushable Colostomy and Ostomy Pouch liner in China. The Company has the rights to use the Colo-MajicŪ trademark under its agreement with Mr. Wolrich. The Company also holds a 100% interest in the domain name of www.gc-hightech.com. [SEC Filing 10-KSB 10-12-07]
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Description:
The Company supplies the Flushable Colostomy and Ostomy Pouch Liners for North America, People's Republic of China, Hong Kong, Macau, Taiwan and The Middle East.
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Officers:
Hong Yang (Pres., Sec., Treas. & Dir.)
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Auditor:
Manning Elliott LLP
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Securities:
Common Stock-Symbol GCYT.OB; OTC BB;
14,193,000 common shares outstanding as of September 17, 2007.
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