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Prospector
Profile
2-22-009
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| Avensys Corporation |
NAICS |
517000 |
| 400 Montpellier Blvd.
Montreal, Quebec
Canada H4N 2G7 |
Description |
Telecommunications |
| (514) 904-6030 |
Employees |
162 |
| http://www.manariscorp.com/Home.php |
Revenue |
(mil) |
18.7400 |
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Income |
(mil) |
-2.3700 |
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Assets |
(mil) |
18.1900 |
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Liability |
(mil) |
9.4600 |
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(for the year ended 2007-06-30) |
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Category:
Loss/Deficit
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Event:
Avensys Corporation had a net loss of $419,824 for the three months ended December 31, 2007, much lower than the $1,461,023 net loss reported during the three months ended December 31, 2006. For the six months ended December 31, 2007, the Company had a $2,561,676 net loss, much higher than the $1,690,569 net loss incurred during the six months ended December 31, 2006. The Company's balance sheet at December 31, 2007, showed an accumulated deficit of $ 31,847,226.
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Intellectual Property:
On April 18, 2006, the Company through its wholly owned subsidiary Avensys, Inc., acquired the manufacturing assets of ITF Optical Technologies, Inc., a designer and manufacturer of advanced photonic solutions based on proprietary all-fiber technology. ITF's research and development assets and intellectual property rights were also purchased and combined with Avensys Laboratories, Inc. [SEC Filing 10-KSB 09-28-07]
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Description:
Avensys Corporation, formerly Manaris Corporation, is a holding company that operates through its two wholly owned subsidiaries: Avensys, Inc. and C-Chip Technologies Corp. Avensys develops optical components and sensors and provides environmental monitoring solutions. C-Chip offers products and services to the credit management markets.
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Officers:
John H. Simons (Chair); John Fraser (Pres., CEO & Dir.); Jos J. Wintermans (Dir.); Bernard Bougie (Dir.)
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Auditor:
Raymond Chabot Grant Thornton LLP
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Securities:
Common Stock Symbol AVNY.OB; OTC BB; 97,096,844 common shares outstanding as of
February 1, 2008.
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