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Prospector
Profile
129-003
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| Gemco Minerals, Inc. |
NAICS |
213112 |
| #203 - 20189 56th Ave.
Langley, British Columbia, Canada V3A 3Y6 |
Description |
Mineral Properties Exploration |
| (866) 848-2940 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.4640 |
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Assets |
(mil) |
0.1740 |
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Liability |
(mil) |
0.9390 |
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(for the year ended 2007-05-31) |
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Category:
Loss/Deficit
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Event:
Gemco Minerals, Inc., had a net loss of $142,116 for the six months ended November 30, 2007, compared with a net loss of $132,822 for the same period in 2006. The Company's balance sheet at November 30, 2007, showed $178,408 in total assets and $693,517 in total liabilities resulting in a $515,109 stockholders' deficit. The Company also has an accumulated deficit of $2,227,768 during the development stage.
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Intellectual Property:
The Company's wholly-owned subsidiary, Firstline Recovery Systems, Inc., continues in the business development for its magnetite natural mineral product trade named "Eco-Blast", an environmentally safe product used in the industrial abrasive industry, as well as its patented and proprietary rights in its "Centrifuge Processor Machine" for soil remediation and use in the processing of mining ore. [SEC Filing 10-KSB 08-29-2007]
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Description:
Gemco Minerals, Inc., engages in the acquisition and exploration of mineral properties in the Province of British Columbia, Canada.
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Officers:
Thomas Charles Hatton (Pres.); Evan Allan Brett (Sec.); Dorlyn Robert Evancic (Treas.)
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Auditor:
Moore & Associates Chartered
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Securities:
Common Stock-Symbol GMML.OB; OTC BB; 19,936,375 common shares outstanding as of October 1, 2007.
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