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Prospector
Profile
07.1276
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| Global Advance Corp. |
NAICS |
334119 |
| Geva Street 13/10
Netanya, Jerusalem, Israel 42319 |
Description |
Mouse Devices Mfg. |
| 01-197-2834-6829 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0060 |
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Assets |
(mil) |
0.0250 |
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Liability |
(mil) |
0.0320 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Davis Accounting Group PC expressed doubts on the ability of Global Advance Corp. to continue as a going concern after auditing its financial statements. The auditor notes that the Company has not established any source of revenue to cover its operating costs. As such, it has incurred an operating loss since inception. Further, as of December 31, 2006, the auditor points out that the cash resources of the Company were insufficient to meet its planned business objectives.
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Intellectual Property:
The related technology including the entire rights, title and interest in, including a working prototype of, the two-foot operated mouse was acquired from IdeaPlus Ltd. on November 28, 2006. Subsequently, on December 21, 2006, the Company applied for a patent for the "two-foot operated mouse" (Patent Application No: 11/614,150 ). [SEC Filing SB-2 01-30-07]
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Description:
The Company is engaged in the development of a commercial application of “two-foot operated mouse” which is a device intended to provide alternate access to all computer-related mouse functionality through the use of one’s feet, rather than one’s hands.
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Officers:
Oren Rozenberg (CEO & Dir.); Judah Steinberger (CFO & Dir.)
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Auditor:
Davis Accounting Group PC
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Securities:
Common Stock-Symbol GADV.OB; OTC BB;
3,025,000 common shares outstanding as of August 13, 2007.
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