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Prospector
Profile
07.1383
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| Brightec, Inc. |
NAICS |
326113 |
| 8C Pleasant Street, First Floor
South Natick, MA 01760 |
Description |
Plastic Film Mfg. |
| (508) 647-9710 |
Employees |
3 |
| http://www.brightec.com/about.php |
Revenue |
(mil) |
0.0120 |
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Income |
(mil) |
-2.2900 |
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Assets |
(mil) |
0.2180 |
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Liability |
(mil) |
1.0340 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Brightec, Inc. had a net loss of $518,522 for the three months ended June 30, 2007, much higher than the $46,266 net loss incurred during the second quarter last year. For the six months ended June 30, 2007, the Company booked a $771,026 net loss, compared to a net income of $32,942 reported during the first half of 2006. The Company's balance sheet at June 30, 2007 showed an accumulated deficit of $13,834,273 and stockholder's deficit of $1,088,483. It also has strained liquidity with $301,649 in total current assets available to pay $1,412,258 in total current liabilities.
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Intellectual Property:
The Company’s Brightec SA subsidiary, is the owner of all patents and trademarks used in the operation of its business. Brightec SA received its initial patent in France in August 1997, which covers an optical filter process that is applicable to all types of luminescent prints, as well as the products resulting from the implementation of this process. A European procedure patent has also been issued providing coverage in 14 principal countries as well as China, Mexico and Poland. A United States patent covering Brightec SA’s initial claim relating to its proprietary technology was issued in September 2003. Brightec SA has filed a separate patent extension application covering its second claim that was issued in April 2005 and has filed an additional patent extension application covering its third claim. Brightec SA’s initial base patent application has been issued in 22 countries and is pending in Brazil, Canada, and Japan. Brightec SA has registered its “Brightec” and “Be Brilliant” trademarks in more than 20 countries worldwide. The Company also relies on trade secrets and technical know-how in the development and manufacture of its products. [SEC Filing SB-2 07-06-07]
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Description:
The Company engages in the development, marketing, and sale of luminescent films incorporating luminescent or phosphorescent pigments.
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Officers:
Patrick Planche (Pres., CEO, Treas. & Dir.); David Geffen (Dir.)
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Auditor:
Rotenberg Meril Solomon Bertiger & Guttilla PC
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Securities:
Common Stock-Symbol BRTE.OB; OTC BB;
141,142,837 common shares outstanding as of August 17, 2007.
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