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Prospector
Profile
1112-03
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| NorPac Technologies, Inc. |
NAICS |
327213 |
| 103 East Holly Street, Suite 410
Bellingham, WA 98225 |
Description |
Beverage Containers Mfg. |
| (360) 201-9591 |
Employees |
0 |
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Revenue |
(mil) |
0.0150 |
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Income |
(mil) |
-0.1090 |
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Assets |
(mil) |
1.1660 |
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Liability |
(mil) |
0.1110 |
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(for the year ended 2007-06-30) |
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Category:
Audit Concerns
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Event:
Peterson Sullivan PLLC raised substantial doubt about the ability of NorPac Technologies, Inc. to continue as a going concern after auditing its financial statements. The Company has earned substantial losses for each of the years ended June 30, 2007 and 2006, and has an accumulated deficit of $2,762,082 as of June 30, 2007.
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Intellectual Property:
The Company had previously been granted patent protection for its Cool Can Technology in the United States and certain foreign countries. The Company has filed 14 trademark applications with the United States Patent and Trademark Office in June 1998. It has received a notice of allowance to utilize 11 of the 14 trademarks that were applied for, including trademarks for the terms “InstaCool,” “Cool Can,” and “Cool Can Technologies,” which means that the examining attorney did not find any registered or pending marks which would prevent registration. These trademark names describe both the product and the process involved in the manufacture of a self-chilling beverage container. The Company has, in the past, applied for and been granted several extensions of the trademark names. [SEC Filing 10-KSB 10-15-07]
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Description:
The Company is engaged in the business of developing and marketing a proprietary technology for self-chilling beverage containers.
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Officers:
John P. Thornton (Pres., CEO, CFO, Sec., Treas. & Dir.)
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Auditor:
Peterson Sullivan PLLC
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Securities:
Common Stock-Symbol NRPT.OB; OTC BB;
37,597,890 common shares outstanding as of October 1, 2007.
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