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Prospector
Profile
114-05
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| 1-900 Jackpot, Inc. |
NAICS |
713290 |
| 3838 Raymert Drive, Suite 3
Las Vegas, NV 89121 |
Description |
Lotteries |
| (604) 575-0050 |
Employees |
1 |
| http://www.1900jackpot.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.1720 |
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Assets |
(mil) |
1.0110 |
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Liability |
(mil) |
0.0100 |
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(for the year ended 2007-08-31) |
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Category:
Audit Concerns
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Event:
Robison Hill & Company raised doubts on the ability of 1-900 Jackpot, Inc. to continue as a going concern after auditing its financial statements for the year ended August 31, 2007. The auditor notes that the Company has no source of revenue, has suffered recurring losses from operations, has a deficit accumulated during development stage and requires additional financing in order to finance its business activities on an ongoing basis. The Company had a net loss of $480,205 for the year ended August 31, 2007, compared to a net loss of $264,362 for the year ended August 31, 2006. The Company also had an accumulated deficit of $3,269,817 in its August 31, 2007 balance sheet.
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Intellectual Property:
The Company's success will be affected by its ability to bring creative and unique lottery products or new or enhanced applications to market. The patentability of new products or applications is evaluated and patent and other intellectual property applications are filed where necessary to protect unique developments. [SEC Filing 10-KSB 12-14-07]
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Description:
1-900 Jackpot focuses to operate as a licensor of worldwide lottery systems.
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Officers:
Brian Fisher (Pres., CEO, Sec., Treas. & Dir.)
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Auditor:
Robison Hill & Company
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Securities:
Common Stock-Symbol ONJP.OB; OTC BB;
155,858,285 common shares outstanding as of August 31, 2007.
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