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Prospector
Profile
2-22-010
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| Acies Corporation |
NAICS |
522320 |
| 14 Wall Street, Suite 1620
New York, NY 10005 |
Description |
Electronic Payment Services |
| (800) 361-5540 |
Employees |
19 |
| http://www.aciesinc.com |
Revenue |
(mil) |
11.8200 |
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Income |
(mil) |
-1.1300 |
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Assets |
(mil) |
1.2300 |
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Liability |
(mil) |
1.8200 |
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(for the year ended 2007-03-31) |
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Category:
Loss/Deficit
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Event:
Acies Corporation reported its fiscal quarterly results for the three and nine month periods ended December 31, 2007, compared to the same periods from 2006. For the three months ended December 31, 2007, the net loss improved to $71,765 from $405,021 for the same period in 2006 due to an increase in gross margin and decreased G&A expenses. For the nine months ended December 31, 2007, the net loss improved to $487,690 compared to a net loss of $813,971 for the same period in 2006 for similar reasons. The Company's balance sheet at December 31, 2007, showed total assets of $1.56 million and total liabilities of $2.57 million, resulting in a total shareholders' deficit of $1.01 million.
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Intellectual Property:
On June 7, 2005, the United States Trademark Office published a notice of publication for "Acies" in the Official Gazette for opposition purposes. The public had until July 7, 2005 to file oppositions or requests for extensions against the Company's proposed trademark. As neither type of document was filed with the United States Trademark Office, the Commissioner of Patents and Trademarks issued a Notice of Allowance on August 30, 2005, indicating that the proposed trademark is entitled to register. A Statement of Use was filed on February 7, 2007. On June 1, 2005, the Company also filed a service mark application with the United States Patent and Trademark office for the use of the name SalesCentral, which is a proprietary Internet-based system designed to improve the effectiveness of the Company's sales force, customer service, and the management of its business. [SEC Filing 10-KSB 06-25-07]
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Description:
Acies Corporation, through its subsidiary, Acies, Inc., provides payment processing solutions to small and medium size merchants in the United States.
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Officers:
Oleg Firer (Chair, Pres., CEO & Sec.); Jeffrey A. Tischler (EVP, CFO, Treas. & Dir.); Michael H. Steeneck (SVP-Sales & Mkgt.); Yakov Shimon (VP-Technology & Data Mgt.); Jeffrey D. Klores (Dir.); William B.G. Scigliano (Dir.); Bonnie K. Wachtel (Dir.)
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Auditor:
Amper Politziner & Mattia P.C.
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Securities:
Common Stock Symbol ACIE.OB; OTC BB; 51,469,095 common shares outstanding as of February 12, 2008.
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