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Prospector
Profile
1108-02
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| Skreem Entertainment Corp. |
NAICS |
512230 |
| 11637 Orpington Street
Orlando, Florida 32817 |
Description |
Music Publishers |
| (407) 207-0400 |
Employees |
2 |
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Revenue |
(mil) |
0.0640 |
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Income |
(mil) |
-1.3760 |
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Assets |
(mil) |
0.0690 |
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Liability |
(mil) |
3.5930 |
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(for the year ended 2007-03-31) |
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Category:
Loss/Deficit
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Event:
Skreem Entertainment Corp. had a net loss of $26,048 for the three months ended June 30, 2007, much lower than the $433,538 net loss reported during the three months ended June 30, 2006. The Company's balance sheet at June 30, 2007, showed an accumulated deficit of $6,942,212 and stockholder's deficit of $338,892. It also has strained liquidity with only $2,906 in total current assets available to pay $344,101 in total current liabilities.
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Intellectual Property:
The Company enters into licensing agreements with music production and distribution companies. The license agreements typically grant the production and distribution company rights to a music single or all of an act's music in a particular country or region. At March 31, 2006, the Company had entered into long-term Exclusive Artist Recording Agreements with six artists for making master sound recordings. Under the agreements, all phonograph records and related performances shall be the property of the Company; the Company shall have the right to secure sound recording copyright; and the Company and its licensees shall have the sole and exclusive right to use the recordings. [SEC Filing 10SB-12G 06-08-07]
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Description:
The Company locates and promotes recording talent.
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Officers:
Charles Camorata (Pres., CEO & Dir.); Karen Pollino (Sec., Treas. & Dir.)
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Auditor:
Ham Langston & Brezina LLP
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Securities:
27,311,141 common shares outstanding as of September 5, 2007.
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