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Prospector
Profile
07.1606
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| Signet International Holdings, Inc. |
NAICS |
512110 |
| 205 Worth Avenue, Suite 316
Palm Beach, FL 33480 |
Description |
Movie Production |
| (561) 832-2000 |
Employees |
1 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.5210 |
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Assets |
(mil) |
0.1530 |
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Liability |
(mil) |
0.3310 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Signet International Holdings, Inc. had a net loss of $68,018 for the three months ended September 30, 2007, higher than the $63,753 net loss incurred during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a net loss of $218,105, much lower than the $488,198 net loss incurred during the nine months ended September 30, 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $1,142,000. It also has strained liquidity with $73,417 in total current assets available to pay $449,423 in total current liabilities.
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Intellectual Property:
On April 20, 2007, the Company entered into a new purchase agreement with Freehawk for 100% of the rights to 21 television series to be produced by Freehawk exclusively for Signet for $2,870,625 in common stock and notes. On May 22, 2007, the Company acquired the exclusive television rights to “Tales From The moe.Republic,” by John E. Derhak for $1,136,600 in notes and common stock. [SEC Filing 10-QSB 10-26-07]
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Description:
The Company, through its wholly-owned subsidiary, Signet Entertainment Corporation, is engaged in launching a “gaming and entertainment” television network.
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Officers:
Ernesto W. Letiziano (Pres., CEO, CFO & Dir.)
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Auditor:
S.W. Hatfield CPA
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Securities:
4,504,962 common shares outstanding as of October 26, 2007.
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