Prospector
Profile
07.1102
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| Red Mile Entertainment, Inc. |
NAICS |
511210 |
| 4000 Bridgeway, Suite 101
Sausalito, CA 94965 |
Description |
Software Publishers |
| (415) 339-4240 |
Employees |
10 |
| http://www.redmileentertainment.com/ |
Revenue |
(mil) |
1.0170 |
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Income |
(mil) |
-8.0380 |
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Assets |
(mil) |
9.7610 |
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Liability |
(mil) |
10.3630 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Burr Pilger & Mayer LLP raised doubts on the ability of Red Mile Entertainment, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered recurring losses and negative cash flows from operations and has an accumulated deficit of $17.2 million at March 31, 2007.
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Intellectual Property:
The Company's intellectual property is in the form of software code, patented technology, and other technology and trade secrets that are used to develop games and to make them run properly on the platforms. The Company owns the trademark to the name Red Mile Entertainment, which was issued in June 2006. The Company also acquires the rights to include intellectual property in its products through license agreements, including: Hereoes of the Pacific, GripShift, Jackass, Disney’s Aladdin Chess Adventures, Crusty Demons of Dirt, Equestrian Challenge, Aircraft Power Pack, Marshmallow Gun and Marshmallowville, and Sin City. [SEC Filing 10-KSB 06-29-07]
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Description:
The Company develops and publishes interactive entertainment software.
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Officers:
Chester Aldridge (Chair & CEO); Glenn Wong (Pres. & COO); Ben Zadik (CFO, Treas. & Sec.); Richard Auchinleck (Dir.); James McCubbin (Dir.); Geoffrey Heath (Dir.); Kenny Cheung (Dir.)
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Auditor:
Burr Pilger & Mayer LLP
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Securities:
Common Stock-Symbol RDML.OB; OTC BB;
9,661,740 common shares outstanding as of June 15, 2007.
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