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Prospector
Profile
1109-02
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| Portaltochina, Inc. |
NAICS |
519130 |
| 1802-888 Pacific Street
Vancouver, British Columbia, Canada V6Z 2S6 |
Description |
Internet Sites |
| (604) 642-7732 |
Employees |
1 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0520 |
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Assets |
(mil) |
0.1700 |
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Liability |
(mil) |
0.0150 |
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(for the year ended 2007-05-31) |
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Category:
Audit Concerns
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Event:
Vellmer & Chang expressed doubts on the ability of Portaltochina, Inc. to continue as a going concern after auditing its financial statements. The auditor points out that the Company has suffered recurring losses and net cash outflows from operations. It expects to continue to incur substantial losses to complete the development of its Internet portal.
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Intellectual Property:
The Company regards copyrights, service marks, trademarks, trade secrets and other intellectual property as critical to its success. The Company expects to rely on trademark and copyright law, trade secret protection and confidentiality and/or license agreements with employees, customers, partners and others to protect intellectual property rights. The Company intends to pursue the registration of its trade name in the United States and internationally. It also intends to license technology from third parties, including web-server and encryption technology. [SEC Filing 10-KSB 08-27-07]
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Description:
The Company engages in the development and operation of an Internet portal featuring Chinese business.
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Officers:
Paul Fong (Pres., Treas. & Dir.); Caroline Rechia (VP, Sec. & Dir.)
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Auditor:
Vellmer & Chang
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Securities:
Common Stock-Symbol PHCN.OB; OTC BB;
8,000,000 common shares outstanding as of July 31, 2007.
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