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Prospector
Profile
130-001
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| IdeaEdge, Inc. |
NAICS |
522320 |
| 6440 Lusk Blvd., Suite 200
San Diego, CA 92121 |
Description |
Transactions Processing |
| (858) 677-0080 |
Employees |
0 |
| http://www.ideaedge.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.3540 |
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Assets |
(mil) |
0.0060 |
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Liability |
(mil) |
1.2370 |
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(for the year ended 2007-09-30) |
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Category:
Audit Concerns
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Event:
Cordovano & Honeck LLP raised substantial doubt about IdeaEdge,Inc.'s ability to continue as a going concern after auditing the Company's financial statements for the year ended September 30, 2007. The auditing firm notes that the Company has incurred net losses since inception and has a net capital deficit at September 30, 2007. The Company reported net losses of $354,805 and $492,087 for the years ended September 30, 2007 and 2006, respectively. At September 30, 2007, the Company's balance sheet showed an accumulated deficit of $6.45 million and stockholders' deficit of $1.23 million.
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Intellectual Property:
The Company has secured an exclusive license from FremantleMedia North America, Inc., to conduct the American Idol™ gift card business in the U.S. and Canada. American Idol™ is one of the leading entertainment brands in the United States, with over forty million fans in the U.S. alone. American Idol™ is also a leading brand for consumer merchandise. Where consumer purchases are now executed through customer visits to the American Idol™ website, the Company expects to open up an entirely new sales channel for American Idol™, namely one that enables its merchandise to be purchased through the use of prepaid gift cards. The Company plans to offer a wide range of consumer merchandise under the American Idol™ brand - music, videos, electronics, apparel, games, accessories, and toys. [SEC Filing 10-KSB 01-11-08]
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Description:
IdeaEdge, Inc., formerly VOS International, Inc. develops, markets and sells prepaid gift card programs-based on consumer entertainment brands, through its wholly owned subsidiary, IdeaEdge-CA.
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Officers:
James Collas (CEO); Chris Nicolaidis (VP- Business Development & Sec.); Jonathan Shultz (CFO & Treas.)
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Auditor:
Cordovano & Honeck LLP
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Securities:
Common Stock-Symbol IDED.OB; OTC BB; 12,389,362 common shares outstanding as of January 9, 2008.
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