February 18, 2008
Prospector
Profile
2-15-001
 
AskMeNow, Inc. NAICS 517210
26 Executive Park, Suite 250 Irvine, CA 92614 Description Wireless Communications
(949) 861-2590 Employees 12
http://www.askmenow.com Revenue (mil) 0.0300
  Income (mil) 12.5700
  Assets (mil) 0.5400
  Liability (mil) 1.5500
  (for the year ended 2006-12-31)
 
Category: Loss/Deficit
 
Event: AskMeNow, Inc., reported a net loss of $2,920,704 for the three months ended September 30, 2007, much lower than the $7,723,377 net loss on $8,058 reported during the three months ended September 30, 2006. For the nine months ended September 30, 2007, the Company had a $13,363,432 net loss, slightly lower than the $13,517,270 net loss incurred during the nine months ended September 30, 2006. The Company's balance sheet at September 30, 2007, showed an accumulated deficit of $35,551,999 and stockholders' deficit of $3,955,704. It also has strained liquidity with $68,133 in total current assets available to pay $4,379,796 in total current liabilities.
 
Intellectual Property: The Company has filed for provisional patents for its proprietary systems and software. It has developed the software codes that are used in the AskMeNow service. AskMeNow service allows consumers to easily use their mobile device to access a world of information by email or text message. To protect its proprietary rights, the Company relies on copyright, trademark and trade secret laws, confidentiality agreements with employees and third parties, and agreements with consultants, vendors and customers. The Company also has filed for a provisional process patent for its software that covers the Company's methodology for processing questions and answers through its Manila facility and a provisional patent for the delivery of advertisements on a mobile device, both of which are based upon using natural language. [SEC Filing 10-KSB/A 01-28-2008]
 
Description: AskMeNow, Inc., a communications technology company, provides users with access to information on mobile cellular devices.
 
Officers: Darryl Cohen (Chair & CEO); Alan Smith (Dir.); Sandro Sordi (Dir.)
 
Auditor: Webb & Company PA
 
Securities: Common Stock Symbol AKMN.OB; 41,909,887 common shares outstanding as of November 14, 2007.
 
 
 
return to main page