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Prospector
Profile
07.1604
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| Reg Technologies Inc. |
NAICS |
333618 |
| 240-11780 Hammersmith Way Richmond, British Columbia V7A 5E9 Canada |
Description |
Engine Manufacturing |
| (604) 278-5996 |
Employees |
0 |
| http://www.regtech.com/ |
Revenue |
CDN(mil) |
0.0000 |
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Income |
CDN(mil) |
-0.5190 |
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Assets |
CDN(mil) |
0.4240 |
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Liability |
CDN(mil) |
0.0840 |
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(for the year ended 2007-04-30) |
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Category:
Loss/Deficit
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Event:
For the year ended April 30, 2007, Reg Technologies, Inc. reported a CDN$519,698 net loss, as compared with CDN$1,033,398 net loss for the year ended April 30, 2006, and CDN$5,441,027 for the year ended April 30, 2005. The Company's balance sheet showed an accumulated deficit of CDN$12,081,099 and only CDN$340,924 in stockholder's equity as of April 30, 2007.
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Intellectual Property:
The Company has patents on the Rand Cam Engine for Canada, Mexico and the United States. U.S. patent 5,429,084 was granted on July 4, 1995, to James McCann, Brian Cherry, Patrick Badgley and four other individuals for various improvements incorporated in the RC/DC Engine. This patent has been assigned to the Company. Two additional patents have been issued for improvements to the engine including: U.S. Patent No. 5,509,793 "Rotary Device with Slidable Vane Supports" issued April 24, 1996 and U.S. Patent No. 5,551,853 "Axial Vane Rotary Device and Sealing System Therefor" issued September 3, 1996. [SEC Filing 10KSB 10-31-2007]
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Description:
The Company developes axial vane type rotary engine known as the Rand Cam™/Direct Charge Engine and other RandCam™ applications, such as compressors and pumps.
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Officers:
John G. Robertson (Pres., Sec. & Dir.); James Vandeberg (CFO & Dir.); Jennifer Lorette (Dir.); Susanne Robertson (Dir.)
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Auditor:
Smythe Ratcliffe LLP
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Securities:
Common Stock-Symbol REGRE.OB; OTC BB;
23,942,759 common shares outstanding as of April 30, 2007.
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