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Prospector
Profile
07.1266
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| Turbine Truck Engines, Inc. |
NAICS |
336312 |
| 1301 International Speedway Boulevard
Deland, FL 32724 |
Description |
Engines Mfg. |
| (386) 943-8358 |
Employees |
2 |
| http://www.turbinetruckengines.com/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-1.4650 |
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Assets |
(mil) |
0.0040 |
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Liability |
(mil) |
0.4640 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Turbine Truck Engines, Inc. reported a net loss of $455,491 for the second quarter ended June 30, 2007, compared to a net loss of $259,734 during the same period last year. For the first half ended June 30, 2007, the Company recorded a net loss of $1,130,642, much higher than the $385,839 net loss recorded during the first half of 2006. As a result of its recurring losses, the Company has an accumulated deficit of $6,969,619 and stockholder's deficit of $798,101 as of June 30, 2007.
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Intellectual Property:
The Company owns an exclusive license from Alpha Engines Corporation for manufacturing and marketing heavy duty highway truck engines utilizing Alpha’s “Detonation Cycle Gas Turbine Engine” technology. This technology is protected by U.S. Patent No. 6,000,214 and other proprietary technology and rights. [SEC Filing 10-KSB 03-28-07]
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Description:
The Company owns an exclusive license for manufacturing and marketing heavy-duty highway truck engines in the United States.
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Officers:
Michael Rouse (Chair & CEO); James A. Teters, Jr. (Pres., COO & Dir.); Phyllis J. Rouse (VP, Sec., Treas. & Dir.)
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Auditor:
Pender Newkirk & Company LLP
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Securities:
Common Stock-Symbol TTEG.OB; OTC BB;
14,945,878 common shares outstanding as of June 30, 2007.
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