Prospector
Profile
1019-04
|
| |
| LGA Holdings, Inc. |
NAICS |
336312 |
| 3380 North El Paso Street, Suite G
Colorado Springs, CO 80907 |
Description |
Engine Parts Mfg. |
| (719) 630-3800 |
Employees |
7 |
| http://www.letsgoaero.com/ |
Revenue |
(mil) |
0.4080 |
| |
Income |
(mil) |
-0.7080 |
| |
Assets |
(mil) |
0.4310 |
| |
Liability |
(mil) |
0.2790 |
| |
(for the year ended 2007-06-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Cordovano & Honeck LLP expressed substantial doubt on the the ability of LGA Holdings, Inc. to continue as a going concern. The auditor points out to the Company's history of operating losses and present negative working capital position. It has experienced negative cash flow from operations since inception and has expended, and expects to continue to expend, substantial funds to continue research and development and marketing efforts.
|
| |
|
Intellectual Property:
Starting in 1998, the Company’s Let's Go Aero, Inc. subsidary has been diligent at protecting its technology with "utility" patent protection, which is issued for truly novel technological achievements. The method by which Aero's product capsules open, the Hardpoints™ used on Aero's products, the way Aero's GearSpace™ carrier platforms telescope and pivot, and the features of the Silent Hitch Pin™ are all patented aspects of Aero's products. All Aero's patents have at least 11 years remaining in their respective terms. Aero has eight issued patents and nine pending patents. [SEC Filing 10-KSB 09-28-07]
|
| |
|
Description:
The Company engages in the design and sale of gear management solutions for the automotive and recreation industries in the United States.
|
| |
|
Officers:
Marty Williams (Pres., CEO & Dir.); Sara Williams (Sec., Treas. & Dir.); Matthew Drabczyk (VP & Dir.); Eric Nickerson (Dir.)
|
| |
|
Auditor:
Cordovano & Honeck LLP
|
| |
|
Securities:
Common Stock-Symbol LGAH.OB; OTC BB;
9,072,960 common shares outstanding as of September 19, 2007.
|
| |
| |
| |
| return to main page |
