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Prospector
Profile
07.1416
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| Chang-on International, Inc. |
NAICS |
562920 |
| 514 No. 18 Building, High New Technology Development
Harbin, People's Republic of China |
Description |
Waste Recycling Services |
| 86-451-82695010 |
Employees |
52 |
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Revenue |
(mil) |
0.0430 |
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Income |
(mil) |
-0.0470 |
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Assets |
(mil) |
0.7820 |
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Liability |
(mil) |
0.6130 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Chang-on International, Inc. had a $472,917 net loss for the three months ended June 30, 2007, much higher than the $10,395 net loss incurred during the second quarter of last year. For the six months ended June 30, 2007, the Company booked a $514,701 net loss, compared to a $10,913 net loss reported for the first half of 2006. The Company's balance sheet at June 30, 2007 showed an accumulated deficit of $701,621 and strained liquidity with $87,352 in total current assets available to pay $621,034 in total current liabilities.
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Intellectual Property:
The Company's Hongbo subsidiary currently holds 12 patents in China, including patents for Solidified SF board; Temperature controlling board; SF material well cover and base; a building material and its manufacturing method; a pressing and injection method for use on SF material; and a method of calculation while manufacturing combined materials. [SEC Filing 10-KSB 04-16-07]
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Description:
The Company is principally engaged in the business of waste recycling and reutilization in the People’s Republic of China.
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Officers:
Li Guomin (Chair, CEO & CFO); Su Yu (Dir.); Zhou Qingwei (Dir.)
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Auditor:
Kempisty & Company CPAs PC
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Securities:
Common Stock-Symbol CAON.OB; OTC BB;
67,307,366 common shares outstanding as of August 20, 2007.
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