Prospector
Profile
07.1297
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| Virtual Health Technologies, Inc. |
NAICS |
511210 |
| 325 West Main Street, Suite 240
Lexington, KY 40507 |
Description |
Software Publishers |
| (859) 455-9255 |
Employees |
14 |
| http://www.virtualhealthtechnologies.com/ |
Revenue |
(mil) |
0.5310 |
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Income |
(mil) |
-0.6800 |
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Assets |
(mil) |
1.6620 |
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Liability |
(mil) |
1.9670 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Pritchett Siler & Hardy PC expressed doubts on the ability of Virtual Health Technologies, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has incurred losses in recent years and has not yet been successful in establishing profitable operations. Further, the Company has current liabilities in excess of current assets.
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Intellectual Property:
The Company relies on patents, copyrights, trademarks, and trade secret laws to establish and maintain proprietary rights in its technology and products. However, many key aspects of its Veriscrip System technology are governed by industry-wide standards, which are usable by all market entrants. [SEC Filing 10-KSB 04-23-07]
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Description:
The Company develops and markets Internet prescription drug technology for monitoring the prescription drug programs.
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Officers:
Scott A. Haire (CEO, Interim CFO & Dir.); James M. Renfro (Pres.); Deborah Jenkins (Dir.)
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Auditor:
Pritchett Siler & Hardy PC
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Securities:
Common Stock-Symbol VHGI.OB; OTC BB;
42,701,533 common shares outstanding as of August 1, 2007.
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