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Prospector
Profile
07.1155
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| Preferred Voice, Inc. |
NAICS |
517000 |
| 6500 Greenville Avenue, Suite 570
Dallas, TX 75206 |
Description |
Telecommunications |
| (214) 265-9580 |
Employees |
13 |
| http://www.preferredvoice.com/default.aspx |
Revenue |
(mil) |
1.2540 |
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Income |
(mil) |
-1.3460 |
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Assets |
(mil) |
1.4000 |
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Liability |
(mil) |
1.9610 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Phillip Vogel & Company PC raised doubts on the ability of Preferred Voice, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered significant operating losses in the current and prior years. The Company has incurred net losses of $1,346,293, $1,239,731 and $998,354 for the years ended March 31, 2007, 2006 and 2005, respectively. The Company also has negative cash flows from operations of $870,524, $829,882 and $706,908 for the years ended March 31, 2007, 2006 and 2005, respectively.
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Intellectual Property:
The Company relies on a combination of trade secret, copyright and non-disclosure/confidentiality agreements to protect proprietary rights in its software and technology, which is licensed to contracting phone companies. The Company has received registered trademarks from the United States Patent and Trademark Office for Preferred/telecom, Preferred Voice, Secure Card, Use Your Voice, BusinessConnect, Rockin’ Ringback Safety Talk, and Adback. It has also received notice of allowance on its U.S. Patent Application “Method and Apparatus That Provides a Reusable Voice Path in Addition to Release Link Functionality for Use with a Platform Having a Voice Activated Front End.” The Company has applied for patents on its Voice Integrated Platform and Method of Operation Thereof with Release Links; Group Plan Manager and Method of Customizing In-band Signaling for a Communication in Progress; a Method of Identifying a Subscriber to a Calling Party and a Tone Sequence Applicator Employing Either Method. [SEC Filing 10-KSB 07-16-07]
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Description:
The Company provides enhanced services to the telecommunications industry in the United States.
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Officers:
Mary G. Merritt (EVP, CEO, Sec., Treas. & Dir.); Scott V. Ogilvie (Dir.); Todd Parker (Dir.)
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Auditor:
Phillip Vogel & Company PC
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Securities:
Common Stock-Symbol PRFV.OB; OTC BB;
6,130,184 common shares outstanding as of June 28, 2007.
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