Prospector
Profile
07.1483
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| Global Music International, Inc. |
NAICS |
512110 |
| 30 Grassy Plain Street, Suite 7
Bethel, CT 06801 |
Description |
Music Video Production |
| (203) 730-0888 |
Employees |
16 |
| http://www.imntv.com/help/about.php |
Revenue |
(mil) |
0.0730 |
| |
Income |
(mil) |
-2.5660 |
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Assets |
(mil) |
0.1600 |
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Liability |
(mil) |
2.2900 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Carlin Charron & Rosen LLP raised substantial doubt about the ability of Global Music International, Inc. to continue as a going concern after auditing its financial statements. The auditor notes that the Company has a working capital deficiency of $2,155,891 as of June 30, 2007, has earned minimal revenues, and has incurred a net loss since its inception totaling $3,492,417.
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Intellectual Property:
The Company's trademarks IMNTV® and GETHUGE® are registered with the United States Patent and Trademark Office. These trademarks are not registered in China but there is some brand awareness of IMNTV® in China. [SEC Filing 10-KSB 09-27-07]
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Description:
The Company operates in the cellular entertainment industry for the broadcast of music videos, ring tones, and ring back tones on various telecom networks.
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Officers:
James Fallacaro (Chair, Pres. & CEO); Christopher Mauritz (EVP, Chief Technology Officer & Dir.); Ji Shen (VP & Dir.); David R. Allen (CFO); Corinne Fallacaro (Sec. & Treas.)
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Auditor:
Carlin Charron & Rosen LLP
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Securities:
Common Stock-Symbol GMUS.OB; OTC BB;
22,184,500 common shares outstanding as of June 30, 2007.
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