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Prospector
Profile
07.1182
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| Red Carpet Entertainment, Inc. |
NAICS |
512110 |
| 400 Corporate Pointe, Suite 300
Culver City, CA 90230 |
Description |
Film Studios |
| (310) 590-4589 |
Employees |
0 |
| http://www.redcarpetentertainment.nl/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.2360 |
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Assets |
(mil) |
0.1310 |
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Liability |
(mil) |
0.0690 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Mendoza Berger & Company LLP expressed substantial doubt on the ability of Red Carpet Entertainment, Inc. to continue as a going concern due to its net operating loss of $307,653 from inception through December 31, 2006. The auditor believes that additional debt or equity financing may be required by the Company to fund its development activities and to support operations.
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Intellectual Property:
The Company recently purchased and currently owns all copyrights and copyrightable interests in the short film titled “Swallow” which was produced by Frank Flowers and New Gold Dream Pictures, Inc. The Company intends to copyright all screenplays, project treatments, and other original material. It also intends to use copyrights issued and maintained by the Copyright Office of the Library of Congress as the primary form of protection for all original works of authorship, including literary, dramatic, musical, artistic, and certain other intellectual works, both published and unpublished. The Company will also register applicable screenplays and scripts with the Writers Guild of America. [SEC Filing 10-KSB 04-02-07]
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Description:
The Company is an independent film production company that plans to develop, produce, market, and distribute low budget film and video productions.
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Officers:
Chris Johnson (Pres., Sec. & Dir.); Ursula Sherwood (CFO)
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Auditor:
Mendoza Berger & Company LLP
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Securities:
Common Stock-Symbol REDZ.OB; OTC BB;
3,842,500 common shares outstanding as of August 6, 2007.
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