July 30, 2007
Prospector
Profile
07.1132
 
Sense Technologies, Inc. NAICS 334310
2535 North Carleton Avenue Grand Island, NE 68803 Description Video Equipment Mfg.
(308) 381-1355 Employees 0
http://www.sensetech.com/ Revenue (mil) 0.0970
  Income (mil) -1.2250
  Assets (mil) 0.3510
  Liability (mil) 1.7490
  (for the year ended 2007-02-28)
 
Category: Audit Concerns
 
Event: At February 28, 2007, Sense Technologies, Inc. had not yet achieved profitable operations, has accumulated losses of $13,103,406 since its inception, has a working capital deficiency of $1,654,970 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.
 
Intellectual Property: The Company has registered patent rights for the Guardian Alert® Doppler Awareness System backing awareness system in the United States, Canada, Australia, South Africa, Taiwan, the United Kingdom, Korea and Japan. The Guardian Alert® Doppler Awareness System is a registered trademark. The Company has also received a US Patent on its trailer hitch mount sensor product that easily installs in the receiver-hitch on any vehicle equipped with such a hitch. The ScopeOut® product is generally covered by US Patent Numbers 6,715 893 and 6,799,857, with various other patent applications currently pending, all of which are included in the exclusive license agreement. [SEC Filing 10-KSB 07-12-07]
 
Description: The Company develops and markets automotive safety devices that enhance driver awareness of people or obstacles located in vehicle blind spots in the United States.
 
Officers: Bruce E. Schreiner (Pres., CEO, CFO & Dir.); Cynthia L. Schroeder (Dir.); James R. Iman (Dir.)
 
Auditor: Amisano Hanson
 
Securities: Common Stock-Symbol SNSG.OB; OTC BB; 45,575,551 common shares outstanding as of June 1, 2007.
 
 
 
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