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Prospector
Profile
1203-06
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| Seychelle Environmental Technologies, Inc. |
NAICS |
333319 |
| 33012 Calle Perfecto
San Juan Capistrano, CA 92675 |
Description |
Water Purifiers Mfg. |
| (949) 234-1999 |
Employees |
7 |
| http://www.seychelle.com/ |
Revenue |
(mil) |
0.8420 |
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Income |
(mil) |
-1.4640 |
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Assets |
(mil) |
1.0680 |
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Liability |
(mil) |
1.3580 |
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(for the year ended 2007-02-28) |
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Category:
Loss/Deficit
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Event:
Seychelle Environmental Technologies Inc. reported a net loss of $225,483 on sales of $150,375 for the second quarter ended Aug. 31, 2007, compared with a net loss of $283,782 on sales of $219,024 in the same period ended Aug. 31, 2006. The company's consolidated balance sheet at Aug. 31, 2007, showed $1,058,562 in total assets and $1,375,068 in total liabilities, resulting in a $316,506 total shareholders' deficit. The company's consolidated balance sheet also showed strained liquidity with $893,803 in total current assets available to pay $900,893 in total current liabilities.
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Intellectual Property:
The Company owns a patent for the portable water filtration system with the filter cap assembly, Patent # 5,914,045, that expires on June 22, 2016. The filter cap assembly is the core to the Company’s product lines, and will drive sales for many years to come as the Company adds new products and configurations. It also owns Patent #6,058,971 that expires on May 9, 2017, for a quick connect diverter valve. The quick connect diverter value is used in the counter filter system currently being sold in the United States, Pakistan and China. The Company believes this is a viable and growing product line for developing countries where the quality of water continues to deteriorate. Trademark registrations have been filed with the United States Patent and Trademark Office for both Seychelle and Aqua Gear and are in progress. The Company also uses the trade name "Seychelle Water Filtration Products, Inc." which is used in its commercial operations. [SEC Filing 10-KSB 08-23-07]
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Description:
The Company engages in the design and manufacture of ionic adsorption micron filters to remove pollutants and contaminants found in fresh water source.
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Officers:
Carl Palmer (Pres., CEO & Dir.); Richard Parsons (EVP, Sec. & Dir.); Jim Place (COO, CFO, Treas. & Dir.)
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Auditor:
Windes & McClaughry Accountancy Corporation
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Securities:
Common Stock-Symbol SYEV.PK; PNK;
25,315,844 common shares outstanding as of October 1, 2007.
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