Prospector
Profile
07.1286
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| Powersafe Technology Corp. |
NAICS |
335313 |
| 10 Hakneset Hagdola Street
Tel Aviv, Israel 62917 |
Description |
Electrical Devices Mfg. |
| 011-972-50-5501574 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0050 |
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Assets |
(mil) |
0.0230 |
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Liability |
(mil) |
0.0280 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Davis Accounting Group PC notes that Powersafe Technology Corp. has incurred an operating loss since inception and had negative working capital as of March 31, 2007. In addition, the cash resources of the Company are insufficient to carry out its business plan. The auditor states that these factors raise substantial doubt about the Company’s ability to continue as a going concern.
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Intellectual Property:
On March 26, 2007, the Company acquired from Mr. Leonard Liner all rights, title and interest in Patent No. 5708554 for a multiple outlet power box with selectively protected outlet logic. [SEC Filing SB-2 06-08-07]
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Description:
The Company is engaged in the development of a multiple outlet power box with selectively protected outlet logic.
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Officers:
Einat Krasney (Pres. & Dir.); Mordechai Schwartz (Sec., Treas. & Dir.)
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Auditor:
Davis Accounting Group PC
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Securities:
3,025,000 common shares outstanding as of August 13, 2007.
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