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Prospector
Profile
07.1239
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| Cardtrend International, Inc. |
NAICS |
522320 |
| 800 5th Avenue, Suite 4100
Seattle, WA 98104 |
Description |
Financial Processing Services |
| (206) 447-1379 |
Employees |
10 |
| http://www.cardtrend.com/ |
Revenue |
(mil) |
0.4170 |
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Income |
(mil) |
-10.3490 |
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Assets |
(mil) |
2.2230 |
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Liability |
(mil) |
2.2540 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Cardtrend International, Inc., formerly known as Asia Payment Systems, Inc., reported a net loss of $351,406 on net revenues of $298,383 for the second quarter ended June 30, 2007, compared with a net loss of $814,537 on net revenues of $10,005 for the same period last year. At June 30, 2007, the Company's consolidated balance sheet showed $7.3 million in total assets, $2.2 million in total liabilities, and $5.1 million in total stockholders' equity. The Company's consolidated balance sheet also showed strained liquidity with $483,123 in total current assets available to pay $1.9 million in total current liabilities.
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Intellectual Property:
During the first quarter of 2004, the Company completed the acquisition of all the assets, business plan, client agreements and intellectual property in a payment services business through the acquisition of WelWay Development Limited. The Company values this intellectual property at $491,667 at December 31, 2006. [SEC Filing 10-KSB 05-18-07]
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Description:
The Company provides credit card transaction processing services in China and other markets in Asia.
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Officers:
Robert G. Clarke (Chair); King K. Ng (Pres., CEO & Dir.); Charlie Rodriguez (Sec., Treas. & Dir.); Kok Keng Low (Chief Technology Officer & Dir.); Jee Sam Choo (Dir.); Michael Oliver (Dir.); Rosaline Tam (Dir.)
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Auditor:
RBSM LLP
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Securities:
Common Stock-Symbol CDTR.PK; Other OTC;
49,957,836 common shares outstanding as of August 17, 2007.
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