Prospector
Profile
1108-04
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| Quadtech International, Inc. |
NAICS |
334220 |
| 1055 West Hastings Street, Suite 300
Vancouver, BC V6E 2E9 |
Description |
GPS Systems Mfg. |
| (604) 331-2511 |
Employees |
1 |
| http://www.quadtechint.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-2.3970 |
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Assets |
(mil) |
0.0004 |
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Liability |
(mil) |
0.2390 |
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(for the year ended 2006-10-31) |
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Category:
Audit Concerns
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Event:
Madsen & Associates CPA’s, Inc. raised substantial doubt about Quadtech International, Inc.'s ability to continue as a going concern after auditing its financial statements. The auditor points out that the Company is dependent upon financing to continue operations, had suffered recurring losses from operations and has total liabilities that exceed total assets.
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Intellectual Property:
On September 7, 2006, the Company acquired all of the shares of MRID Technologies. This acquisition included the rights to MTech’s patent-pending Multiple Range Identification asset tracking technology, which is consider to be the next generation in Radio Frequency Identification technology. [SEC Filing 10-KSB 02-13-07]
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Description:
The Company provides technology-based asset monitoring solutions.
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Officers:
John Meier (Pres. & CEO)
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Auditor:
Madsen & Associates CPA’s, Inc.
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Securities:
Common Stock-Symbol QTII.OB; OTC BB;
28,929,565 common shares outstanding as of January 9, 2007.
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