 |
Prospector
Profile
3-28-006
|
| |
| Pacificnet, Inc. |
NAICS |
511210 |
| 23 Floor, Tower A, Time Court,
No. 6 Shunguang Xili,
Chaoyang District,
Beijing, China |
Description |
Software Games |
| 0086-10-59225000 |
Employees |
1501 |
| http://www.pacificnet.com/pact/ |
Revenue |
(mil) |
42.7400 |
| |
Income |
(mil) |
-20.0900 |
| |
Assets |
(mil) |
41.8800 |
| |
Liability |
(mil) |
26.9500 |
| |
(for the year ended 2006-12-31) |
| |
|
Category:
Bankruptcy
|
| |
|
Event:
Three petitioners filed an involuntary Chapter 11 petition on March 22, 2008, with the U.S. Bankruptcy Court for the District of Delaware (Delaware), case number 08-10528, Judge Mary F. Walrath presiding.
The three petitioners are Iroquois Master Fund Ltd., Whalehaven Capital Fund Ltd., and Alpha Capital AG.
|
| |
|
Intellectual Property:
The Company believes that its trademarks, intellectual property rights, and propriety Asian gaming software product development expertise are significant assets. Currently, it has over five customized Asian gaming products. This portfolio took over three years to develop and is expected to be a main focus of its R&D resources in 2007 and beyond. [SEC Filing 10-K 05-11-07]
|
| |
|
Description:
Pacificnet, Inc., provides outsourcing, telecom value-added, and telecom and gaming services in the People's Republic of China, Hong Kong, Macau, and Taiwan.
|
| |
|
Officers:
Tony Tong (Chair & CEO); Victor Tong (Pres. & Dir.); Mike Fei (Sec. & Gen. Counsel); Daniel Lui (CFO); Shaojian (Sean) Wang (Dir.); Peter Wang (Dir.); Michael Ha (Dir.); Jeremy Goodwin (Dir.); Tao Jin (Dir.)
|
| |
|
Auditor:
Kabani & Company Inc.
|
| |
|
Attorneys:
Adam Friedman, Esq., at Olshan Grundman, et al.; New York, N.Y.; (212) 451-2300Robert S. Brady, Esq., at Young Conaway, et al.; Wilmington, Dela.; (302) 571-6600
|
| |
|
Securities:
Common Stock-Symbol PACT; NasdaqGM;
11,733,929 common shares outstanding as of March 31, 2007.
|
| |
|
Notes:
Total Amount of Petitioners' Claims: $4,109,237
|
| |
| |
| return to main page |
|
|
