Prospector
Profile
07.1171
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| Global Food Technologies, Inc. |
NAICS |
541710 |
| 113 Court Street
Hanford, CA 93230 |
Description |
Food Research & Dev't. |
| (559) 589-0100 |
Employees |
25 |
| http://www.globalfoodtech.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-13.0950 |
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Assets |
(mil) |
0.3880 |
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Liability |
(mil) |
1.2400 |
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(for the year ended 2006-12-31) |
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Category:
Default
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Event:
On April 3, 2006, Global Food Technologies, Inc. arranged a 30-day bridge loan in the amount of $350,000 from a non-principal shareholder. The loan is secured by all assets, including any intellectual assets, of the Company. The loan is currently in default and the Company is negotiating an extension of this note.
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Intellectual Property:
The Company has been issued three patents from the U.S. Patent and Trademark Office that relate to the iPura™Seafood Processing System. It also has filed one additional patent application that is pending. These patents allow them to own and control the science that has resulted in its proposed line of commercial food safety solutions. The Company plans to file for protection in approximately 16 countries around the world, including the largest seafood and poultry exporting countries. The Company has filed applications to register with the U.S. Patent and Trademark Office the trademarks iPura™, Safer Processing…Safer Food™, Revolutionizing Food Safety…Through Innovation™, A Higher Standard of Food Safety™, The Highest Standard of Food Safety™, Food Safety Is Good Business™, Value Created and Sealed™, and Quality Created and Sealed™. [SEC Filing 10-KSB 08-02-07]
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Description:
Global Food Technologies is a food-biotech research and development company focused on food safety.
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Officers:
James Bouskos (Chair); Keith Meeks (Pres. & CEO); Marshall F. Sparks (CFO, Sec. & Treas.); Mark Terry (Dir.); Stephen J. Fryer (Dir.); Gary L. Nielsen (Dir.); Arthur C. Agnos (Dir.)
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Auditor:
Weinberg & Company PA
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Securities:
25,870,832 common shares outstanding as of May 18, 2007.
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