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Prospector
Profile
07.1668
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| New World Brands, Inc. |
NAICS |
518111 |
| 340 West Fifth Avenue
Eugene, OR 97401 |
Description |
VOIP Services |
| (541) 683-2892 |
Employees |
0 |
| http://www.qualmax.net/ |
Revenue |
(mil) |
20.1300 |
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Income |
(mil) |
-5.4250 |
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Assets |
(mil) |
13.5040 |
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Liability |
(mil) |
3.9300 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
New World Brands, Inc. reported a net loss of $731,079 on net sales of $4.2 million for the third quater ended Sept. 30, 2007, compared with a net loss of $619,376 on net sales of $4.3 million in the corresponding period in 2006. At Sept. 30, 2007, the company's consolidated balance sheet showed an accumulated deficit of $26.4 million and $4.7 million in total stockholders' equity.
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Intellectual Property:
The Company's success depends on proprietary technology and other intellectual property. The Company relies on a combination of copyrights, trademarks, trade secrets, confidentiality agreements and contractual restrictions to establish and protect proprietary rights. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company provides specialized Internet protocol (IP) communications solutions. It operates in three divisions: IP Gear, IP Gear, Ltd., and IP Gear Connect.
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Officers:
M. David Kamrat (Chair & CEO); Noah R. Kamrat (Pres. & Dir.); Duy Tran (VP & Sec.); Ian T. Richardson (VP & Gen. Counsel); Shehryar Wahid (CFO); Jacob M. Schorr, Ph.D. (Dir.)
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Auditor:
Berenfeld Spritzer Shechter & Sheer
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Securities:
Common Stock-Symbol NWBD.OB; OTC BB;
common shares outstanding as of August 16, 2006.
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