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Prospector
Profile
1221-12
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| InPhonic, Inc. |
NAICS |
517210 |
| 1010 Wisconsin Avenue
Washington, DC 20007 |
Description |
Wireless Services |
| (202) 333-0001 |
Employees |
551 |
| http://corp.inphonic.com/ |
Revenue |
(mil) |
369.5700 |
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Income |
(mil) |
-63.7300 |
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Assets |
(mil) |
264.4100 |
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Liability |
(mil) |
190.8100 |
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(for the year ended 2006-12-31) |
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Category:
Section 363 Sales
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Event:
Judge Kevin Gross of the United States Bankruptcy Court for the District of Delaware granted InPhonic Inc. and its debtor-affiliates authority to sell substantially all of their assets to Adeptio INPC Funding LLC for $50,000,000 free and clear of interests and liens. Adeptio is the acquisition vehicle set up by Versa Capital Management.
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Intellectual Property:
The Company relies on general intellectual property law and contractual restrictions and to a limited extent, copyrights and patents to protect proprietary rights and technology. These contractual restrictions include confidentiality agreements, invention assignment agreements and nondisclosure agreements with employees, contractors, suppliers and marketers. In addition, the Company pursues the registration of trademarks and service marks in the United States and certain other countries. In the United States, the Company has registered “InPhonic,” “Powered by InPhonic,” “Wirefly,” “Welcome to our Wireless World” and other service marks. It also has unregistered copyrights with respect to images and information set forth on its website and the computer code incorporated into its website. To date, the Company has obtained registration of four U.S. patents. [SEC Filing 10-K 05-31-07]
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Description:
The Company are leading on-line sellers of wireless services and devices. InPhonic, Inc., and affiliates sell wireless services and devices through private labeled websites that they create and manage for on-line businesses, affinity organizations and national retailers, as well as through their own branded websites.
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Officers:
Andy Zeinfeld (CEO); Kenneth Schwarz (CFO); Gary J. Smith (CIO); Frank C. Bennett III (CTO);
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Auditor:
KPMG LLP
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Attorneys:
The Bayard Firm; Wilmington, Del.; (302) 655-5000
Mary E. Augustine, Esq.
Neil B. Glassman, Esq.
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Securities:
Common Stock Symbol INPC.PK; Other OTC;
36,927,017 common shares outstanding as of July 31, 2007.
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