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Prospector
Profile
07.1670
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| Poly-Pacific International, Inc. |
NAICS |
333220 |
| 4287B Dawson Street
Burnaby, British Columbia, Canada V5C 4B3 |
Description |
Plastic & Rubber Products |
| (604) 719-3852 |
Employees |
14 |
| http://www.poly-pacific.com/ |
Revenue |
CDN$(mil) |
1.4620 |
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Income |
CDN$(mil) |
-1.9700 |
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Assets |
CDN$(mil) |
1.3130 |
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Liability |
CDN$(mil) |
2.0450 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Poly-Pacific International, Inc. reported a net loss of CDN$895,420 on CDN$-0- of sales for the third quarter ended Sept. 30, 2007, compared with a net loss of CDN$507,794 on sales of CDN$297,831 in the corresponding period last year. Due to constraints on its working capital and legal disputes with certain transport and freight companies, the company had zero sales during the third quarter ended Sept. 30, 2007. In addition, the company closed its Everwood operations at Dec. 31, 2006, and thus did not have any sales of agricultural posts in 2007 as compared to the same period in 2006. At Sept. 30, 2007, the company's consolidated balance sheet showed CDN$1,881,231 in total assets, CDN$1,744,837 in total liabilities, and CDN$136,394 in total stockholders' equity. The company's consolidated balance sheet at Sept. 30, 2007, also showed strained liquidity with CDN$1,062,545 in total current assets available to pay CDN$1,744,837 in total current liabilities.
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Intellectual Property:
The Company’s policies for research and development are directed toward finding and implementing technology to enhance the manufacturing processes for both plastic blasting media and recycled plastic lumber. For the plastic blasting media, the culmination of much of the development was realized with the installation of the new processing line in California in 2002. The continuation of research and development in 2003 resulted in further refinements to the processing which improved the quality of product as well as increasing available capacity. For the recycled plastic lumber, the research and development has resulted in improvements to the process output of the extrusion machines, the refinement of designs for molding systems that will enable production of better dimensional lumber pieces, and completion of refinements that make it possible to recycle all types of post consumer plastics into good lumber products. [SEC Filing 20-F 07-23-07]
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Description:
The Company is a manufacturer of plastic blasting media.
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Officers:
Randy Hayward (Pres., Interim CEO, Interim CFO & Dir.); David Tam (Sec., Gen. Counsel & Dir.); Mike Duff (Dir.); Edward Chambers (Dir.)
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Auditor:
Collins Barrow Edmonton LLP
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Securities:
Common Stock-Symbol PLYPF.OB; OTC BB;
25,237,740 common shares outstanding as of December 31, 2006.
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