Prospector
Profile
07.1406
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| Sequiam Corporation |
NAICS |
334119 |
| 300 Sunport Lane
Orlando, FL 32809 |
Description |
Biometric Systems Mfg. |
| (407) 541-0773 |
Employees |
13 |
| http://www.sequiam.com/ |
Revenue |
(mil) |
1.6880 |
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Income |
(mil) |
-5.2000 |
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Assets |
(mil) |
3.7180 |
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Liability |
(mil) |
8.2100 |
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(for the year ended 2006-12-31) |
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Category:
Audit Concerns
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Event:
Tedder James Worden & Associates PA expressed doubts on the ability of Sequiam Corp. to continue as a going concer after auditing its financial statements. The auditor notes that the Company has incurred net losses and negative cash flows from operations since inception. The Company lacks sufficient financing to implement its business plan, and expects continued operating losses for the foreseeable future.
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Intellectual Property:
The Company has submitted its patent for BioVault™ with the United States Patent Office. The Company has registered Sequiam, Smart Biometrics and BioVault as trademarks with the U.S. Patent and Trademark Office. [SEC Filing 10-KSB 04-16-07]
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Description:
The Company, through its subsidiaries, offers biological identification security systems and Web-based application services.
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Officers:
Nicholas H. VandenBrekel (Chair, Pres. & CEO); Mark L. Mroczkowski (SVP, CFO & Dir.); James C. Stanley (Dir.); Alan McGinn (VP & CTO)
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Auditor:
Tedder James Worden & Associates PA
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Securities:
Common Stock-Symbol SQUM.OB; OTC BB;
89,360,071 common shares outstanding as of August 17, 2007.
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