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Prospector
Profile
2-8-003
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| NoFire Technologies, Inc. |
NAICS |
325998 |
| 21 Industrial Avenue
Upper Saddle River, NJ 07458 |
Description |
Fire Retardant Products Mfg. |
| (201) 818-1616 |
Employees |
7 |
| http://www.nofiretechnologies.com |
Revenue |
(mil) |
1.0040 |
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Income |
(mil) |
-3.8410 |
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Assets |
(mil) |
0.5620 |
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Liability |
(mil) |
5.0720 |
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(for the year ended 2007-08-31) |
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Category:
Loss/Deficit
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Event:
NoFire Technologies, Inc. reported a net loss of $277,861 for the quarter ended November 30, 2007, slightly lower than the $341,528 net loss reported during the quarter ended November 30, 2006. The Company reported an accumulated deficit of $23,059,671 and stockholder's deficit of $4,606,075 in its November 30, 2007, balance sheet. It also has strained liquidity with $238,845 in total current assets available to pay $4,881,985 in total current liabilities.
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Intellectual Property:
The Company's liquid formulas are covered by three United States Patents and corresponding patents and patent applications in over 30 foreign countries. The Patents include Patent Nos. 4,879,320 - Intumescent Fire-Retardant Coating Material; 4,965,296 - Intumescent Fire-Retardant and Electrically-Conductive Coating Material; and 5,723,515 Intumescent Fire-Retardant Composition for High Temperature and Long Duration Protection. The Company also has obtained four U.S. Patents on certain applications. The Company has also submitted two additional patent applications to the U.S. Patent Office. [SEC Filing 10-KSB 12-14-07]
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Description:
NoFire Technologies, Inc., engages in the development, manufacture, and marketing of fire retardant, intumescent products and related consulting services.
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Officers:
Sam Oolie (Chair, COO, CFO & Treas.); Samuel Gottfried (CEO, Chief Technical Officer & Asst. Treas.); Alphonso Margino (Sec.); Bernard J. Koster (Dir.); Gerald H. Litwin (Dir.)
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Auditor:
Sherb & Company LLP
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Securities:
Common Stock-Symbol NFTI.OB; OTC BB; 39,822,620 common shares outstanding as of January 10,2008.
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