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Prospector
Profile
1107-02
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| Novori, Inc. |
NAICS |
448310 |
| 5450 152nd Street, Suite 105
Surrey, British Columbia, Canada V3S 5J9 |
Description |
Jewelry Stores |
| (778) 571-0880 |
Employees |
0 |
| http://www.novori.com/ |
Revenue |
(mil) |
1.4450 |
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Income |
(mil) |
-0.8690 |
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Assets |
(mil) |
0.0440 |
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Liability |
(mil) |
0.8010 |
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(for the year ended 2007-05-31) |
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Category:
Audit Concerns
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Event:
Manning Elliott LLP expressed substantial doubt regarding the ability of Novori, Inc. to continue as a going concern after auditing its financial statements. As of May 31, 2007, the Company has a working capital deficit of $216,648 and has accumulated losses of $1,439,222 since inception.
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Intellectual Property:
The Company relies upon trademark, copyright, trade secret and contract law to protect proprietary rights. It also enters into confidentiality agreements, “work-made-for-hire” contracts and intellectual property licenses with employees, consultants and corporate partners, respectively, as part of efforts to control access to and distribution of its products, content and other proprietary information. The Company owns the copyright of all of the contents of the website, www.novori.com. [SEC Filing 10-KSB 09-13-07]
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Description:
The Company is in the business of selling loose diamonds and fine jewelry to customers via the Internet.
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Officers:
Harold Schaffrick (Pres., CEO & Dir.); Mark Neild (CFO, Sec., Treas. & Dir.); Nashrulla Jamani (SVP)
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Auditor:
Manning Elliott LLP
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Securities:
Common Stock-Symbol NOVO.OB; OTC BB;
32,955,500 common shares outstanding as of September 12, 2007.
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