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Prospector
Profile
07.1642
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| Interactive Television Networks, Inc. |
NAICS |
516110 |
| 23241 Ventura Boulevard, Suite 101
Woodland Hills, CA 91364 |
Description |
Internet Sites |
| (866) 988-4988 |
Employees |
23 |
| http://www.itvn.com/index.html?s=12&p=4&w=100085&t=0&c=151 |
Revenue |
(mil) |
1.0450 |
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Income |
(mil) |
-7.2770 |
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Assets |
(mil) |
2.7460 |
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Liability |
(mil) |
10.0800 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Interactive Television Networks, Inc. reported a net loss of $1.7 million on total revenues of $321,565 for the third quarter ended Sept. 30, 2007, compared with net income of $7.6 million on total revenues of $217,312 in the same period of 2006. The Company's consolidated balance sheet at Sept. 30, 2007, showed $1.3 million in total assets and $15.3 million in total liabilities, resulting in a $14.0 million total shareholders' deficit. At Sept. 30, 2007, the company's consolidated balance sheet showed strained liquidity with $693,474 in total current assets available to pay $15.3 million in total current liabilities.
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Intellectual Property:
The Company designed and developed the ITVN set-top box. It also has designed and developed parts of the Media Management Software and the software that operates parts of the set-top box. The Company currently relies on a combination of trade secret, non-disclosure and other contractual agreements, as well as existing copyright and trademark laws to protect intellectual property. It requires all personnel and outside contractors to execute agreements to keep secret and confidential its proprietary technology. [SEC Filing 10-KSB 04-24-07]
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Description:
The Company engages in developing, marketing, transmitting, and managing television programming over the Internet to subscribers located in the United States and internationally.
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Officers:
Charles Prast (CEO, Interim CFO, Sec. & Dir.); Michael Martinez (Pres. & Dir.); Joseph J. Scotti (EVP & Dir.); Geoffrey Brown (Dir.); John Wirt (Dir.)
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Auditor:
LBB & Associates Ltd. LLP
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Securities:
Common Stock-Symbol ITTY.OB; OTC BB;
32,573,098 common shares outstanding as of November 14, 2007.
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