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Prospector
Profile
07.1191
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| Alliance Recovery Corporation |
NAICS |
541710 |
| 390-1285 North Telegraph Road
Monroe, MI 48162 |
Description |
Environmental Resarch & Dev't. |
| (519) 671-0417 |
Employees |
0 |
| http://www.alliancerecoverycorporation.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.1100 |
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Assets |
(mil) |
0.0160 |
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Liability |
(mil) |
1.7580 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Alliance Recovery Corporation reported a net loss of $156,675 for the second quarter ended June 30, 2007, compared to a net loss of $86,326 reported during the same period last year. As a result of its recurring losses, the Company has an accumulated deficit of $2,666,437 and total stockholders’ deficit of $1,859,564 as of June 30, 2007. The Company also has strained liquidity with $26,017 in total current assets available to pay $715,840 in total current liabilities.
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Intellectual Property:
The Company licenses an important technology needed to to carry out its business plan from its Pres. & CEO Peter Vaisler, pursuant to an employment agreement. However, if the employment agreement is terminated, the Company has the right to license the technology for a one-time fee equal to the current replacement value of the technology determined by an engineer’s opinion. [SEC Filing SB-2 07-31-07]
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Description:
The Company develops resource recovery technologies to convert industrial and other waste materials into fuel oil, gases, and other commodities.
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Officers:
Peter Vaisler (Pres., CEO, CFO & Dir.); David Williams (Dir.); Walter Martin (Dir.)
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Securities:
Common Stock-Symbol ARVY.OB; OTC BB;
19,233,825 common shares outstanding as of August 7, 2007.
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