Prospector
Profile
07.1189
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| AeroTelesis, Inc. |
NAICS |
541511 |
| 13428 Maxella Avenue, Suite 322
Marina Del Rey, CA 90292 |
Description |
Custom Programming Services |
| (310) 235-1727 |
Employees |
1 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-5.5800 |
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Assets |
(mil) |
0.0640 |
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Liability |
(mil) |
3.2610 |
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(for the year ended 2007-03-31) |
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Category:
Audit Concerns
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Event:
Rose Snyder & Jacobs expressed doubts on the ability of AeroTelesis, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has incurred recurring losses from operations and has a working capital deficiency of $1,864,132 at March 31, 2007. The Company will need to raise approximately $2,000,000 in order to operate over the next 12 months.
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Intellectual Property:
aeroTelesis’ technology partner, Photron™ Technologies Ltd. is the developer of a proprietary technology platform called Ultra Spectral Modulation (USM™), which is a proprietary modulation technique that increases spectral efficiency in satellite and wireless applications. aeroTelesis has the exclusive license from Photron™ to distribute USM-related products and services. The Company has filed an application with the U.S. Patent Trademark Office for the name aeroTelesis, Inc. [SEC Filing 10-KSB 07-17-07]
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Description:
The Company is an emerging technology-driven service provider that will potentially enable satellite and wireless companies to maximize their bandwidth utilization.
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Officers:
Joseph Gutierrez (Pres., CFO & Dir.); Maral Ajemian (Dir.)
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Auditor:
Rose Snyder & Jacobs
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Securities:
Common Stock-Symbol AOTL.OB; OTC BB;
116,019,394 common shares outstanding as of March 31, 2007.
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