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Prospector
Profile
07.1128
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| PHLO Corporation |
NAICS |
312000 |
| 6001-21 Argyle Forest Boulevard, PMB 117
Jacksonville, FL 32244-5705 |
Description |
Beverage Mfg. |
| (973) 691-9012 |
Employees |
1 |
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Revenue |
(mil) |
0.0310 |
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Income |
(mil) |
-3.5500 |
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Assets |
(mil) |
0.0990 |
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Liability |
(mil) |
5.7440 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
RBSM LLP states that there are uncertainties as to the ability of PHLO Corporation to continue as a going concern. The auditor points out that the Company had a net loss of $3,550,050 for the fiscal year ended March 31, 2007. As of March 31, 2007, the Company’s current liabilities exceeded its current assets by $5,662,604. In addition, the Company is delinquent in connection with various obligations including trade payables, accrued payroll taxes and related interest and penalties, and notes payable.
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Intellectual Property:
The Company develops products which are proprietary (patented and patent-pending) through the use of beverage products and liquids. The Company’s performance and vitality beverage product features the Company’s Instant Nano Hydration (through nano-encapsulation) and Cell Armor technologies, providing instant, direct delivery of rehydration and cell-repair-and-protection payloads into the bloodstream beginning through the membranes of the mouth. In addition, the Company’s nano-encapsulation technology prevents the destruction of its active payloads in the stomach. These Instant Nano Hydration and Cell Armor technologies help provide sustained wellness necessary for life’s performances and vigorous longevity. [SEC Filing 10-KSB 07-13-07]
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Description:
The Company manufactures beverages and liquids containing patented and patent-pending biotechnologies in the United States.
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Officers:
James B. Hovis (Pres., CEO & Dir.); Anne P. Hovis (EVP, Sec., Gen. Counsel & Dir.)
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Auditor:
RBSM LLP
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Securities:
Common Stock-Symbol PHLC.PK; Other OTC;
661,393,776 common shares outstanding as of July 9, 2007.
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