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Prospector
Profile
07.1431
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| Vsurance, Inc. |
NAICS |
524113 |
| 220 West 6th Street, Suite D
Little Rock, AR 72201 |
Description |
Insurance Carriers |
| (501) 372-4443 |
Employees |
7 |
| http://www.vsurance.com/index.aspx |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-4.0620 |
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Assets |
(mil) |
1.7360 |
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Liability |
(mil) |
5.2660 |
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(for the year ended 2006-12-31) |
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Category:
Default
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Event:
The Company had been in default to Samir Financial LLC since a $4 million loan actually matured December 14, 2006. This loan was extended until June 15, 2007, provided the Company paid the $500,000 extension fee. Only $200,000 has been paid toward this extension. The demand date of the loan’s maturity has now been set at July 31, 2007 for $5.3 million. Capital must be raised if this loan, which is secured by all company assets, is to be repaid.
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Intellectual Property:
The Company uses trademarks, trade names and service marks for pet healthcare information services and technology solutions, including Vsurance™, VetpetMD™, Spot the Pet™, Purrfect Pet Insurance™, Purrfect Horse Insurance™ and Purrfect Pet Club™. The Company also uses other registered and unregistered trademarks and service marks for its various products and services. The Company has registered the domain names that are relevant to conducting its business, including “vetpetmd.com,” “vsurance.com,” “spotthepet.com,” and “groupvsurance.com.” [SEC Filing 10-KSB 04-16-07]
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Description:
The Company provides pet and horse resource centers through the Internet primarily in the United States.
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Officers:
J. Matt Lile III (Pres.); Malcolm L. Pollard (Sec. & Treas.); Allen A. Hayes (Dir.); Ann M. Perniciaro (Dir.); J. Michael Pickens (Dir.)
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Auditor:
Lawrence Scharfman CPA
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Securities:
Common Stock-Symbol VSUR.OB; OTC BB;
142,616,840 common shares outstanding as of June 30, 2007.
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