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Prospector
Profile
07.1262
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| TMT Capital Corporation |
NAICS |
312120 |
| 1890 Kentucky Avenue
Winter Park, FL 32789 |
Description |
Breweries |
| (407) 622-5999 |
Employees |
3 |
| http://www.bootiebeer.com/ |
Revenue |
(mil) |
0.0550 |
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Income |
(mil) |
-6.6050 |
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Assets |
(mil) |
0.1270 |
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Liability |
(mil) |
13.4230 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Jaspers + Hall PC raised doubts on the ability of TMT Capital Corporation to continue as a going concern after auditing its financial statements. The auditor points out that the Company's audited financial statements for the year ended December 31, 2006, reflect a net loss of $6,605,362 and negative cash flows from operations of $1,014,530. These conditions indicate a need to acquire sufficient additional funding or alternative sources of capital to meet working capital needs.
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Intellectual Property:
The Company owns the registered trademark names and rights for Bootie, Bootie Beer, Bootie Lager, Bootie Light, America's Entertainment Beer, Grabebootie, Bootie Online, Bootie Call and Bootie Bar. Bootie Ultra95 is a pending trademark. The Company's subsidiary, Bootie Holdings Corporation, owns the domain names for its primary marks including bootiebeer.com, bootiebeercompany.com, bootiebrewingcompany.com, bootiecigars.com, bootielager.com, bootielight.com, bootieU95.com, bootieultra95.com, bootiebar.com, bootieonline.com, bootiebeergear.com, greatbootie.com, getabootiecall.com, getabootycall.com, bootiebeerinvestor.com, bootiemusic.com, bootiestore.com, bootiemagazine.com and bootietown.com. [SEC Filing 10-KSB 03-29-07]
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Description:
The Company, formerly known as Bootie Beer Corporation, is engaged in the business of brewing, marketing and selling malt beverage products to a national network of independent beer wholesalers.
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Officers:
Tania M. Torruella (Chair, Pres. & CEO); Charly McCue (Sec.); Stephanie Stans Warren (Dir.)
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Auditor:
Jaspers + Hall PC
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Securities:
Common Stock-Symbol TMTP.OB; OTC BB;
73,030,901 common shares outstanding as of July 31, 2007.
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