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Prospector
Profile
07.1250
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| Myriad Entertainment & Resorts, Inc. |
NAICS |
721110 |
| 2565 Horizon Lake Drive, Suite 110
Memphis, TN 38133 |
Description |
Resorts |
| (910) 937-8565 |
Employees |
0 |
| http://www.myriadentertainmentandresorts.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-5.5690 |
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Assets |
(mil) |
0.0600 |
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Liability |
(mil) |
3.1240 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Myriad Entertainment & Resorts, Inc. reported a net loss of $2,983,186 for the six months ended June 30, 2007, compared to a net loss of $1,754,124 during the first half of 2006. As a result of its recurring losses, the Company has an accumulated deficit of $11,929,175 and stockholders' deficit of $5,061,552 in its June 30, 2007 balance sheet. It also has strained liquidity with $82,900 in total current assets and $5,444,466 in total current liabilities.
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Intellectual Property:
The Company intends to register various service marks, including the name "Myriad Botanical Resort" with the U.S. Patent and Trademark Office. The Company intends to apply with the U.S. Patent and Trademark Office for the registration of various other service marks. The Company regards the contemplated service marks as valuable assets and intends to protect such service marks vigorously against infringement. [SEC Filing 10-KSB 04-17-07]
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Description:
The Company owns 99% interest in Myriad World Resorts of Tunica LLC, which engages in the development of the planned 513-acre resort, casino, and championship golf course in Tunica, Mississippi.
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Officers:
Nicholas Lopardo (Chair); John Meeske (CEO & Dir.); Elizabeth Meister (EVP & Dir.); Dr. Robert S. Ross (Dir.); Dale Cheek (Dir.); Fiona Sutton (Dir.); Paul Ma (Dir.); William J. Callnin (Dir.); Jerry Anthony Wayne (Dir.); John M. Daniel, Jr. (Dir.)
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Auditor:
Moore Stephens Frost
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Securities:
Common Stock-Symbol MYRA.OB; OTC BB;
41,797,571 common shares outstanding as of June 30, 2007.
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