September 3, 2007
Prospector
Profile
07.1238
 
Bio-Matrix Scientific Group, Inc. NAICS 339100
8885 Rehco Road San Diego, CA 92122 Description Medical Equipment Mfg.
(619) 398-3517 Employees 8
http://www.bmsnonline.com/ Revenue (mil) 0.0000
  Income (mil) -31.3820
  Assets (mil) 0.4120
  Liability (mil) 1.4530
  (for the year ended 2006-09-30)
 
Category: Loss/Deficit
 
Event: Chang G. Park expressed substantial doubt on Bio-Matrix Scientific Group, Inc.' s ability to continue as a going concern after auditing the Company's financial statements. The auditor points out that the Company generated net losses of $31,417,446 during the period from October 6, 1998 through September 30 2006.
 
Intellectual Property: The Company has filed six provisional patent applications, one utility patent application and one international patent application. The patents protect the Company’s technology including Cannula, Tissue Transfer Cannula and Connectors, Syringe Clip, Syringe Clip, Tissue Transfer Cannula and Connectors, Cannula Handle and Storage System, Tissue Transfer Cannula and Connectors, and Tissue Transfer Cannula and Connectors. [SEC Filing 10-KSB 01-10-07]
 
Description: The Company engages in designing, developing, and marketing medical devices, specifically disposable instruments used in stem cell extraction and tissue transfer procedures.
 
Officers: David R. Koos (Chair, Pres., Sec., CEO, Acting CFO); Brian Pockett (VP, COO & Dir.)
 
Auditor: Chang G. Park
 
Securities: Common Stock-Symbol BMSN.OB; OTC BB; 23,174,396 common shares outstanding as of August 8, 2007.
 
 
 
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