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Prospector
Profile
07.1660
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| Deeas Resources, Inc. |
NAICS |
334220 |
| 6348, 49th Avenue
Ladner, British Columbia, Canada V4K 5A1 |
Description |
GPS Systems Mfg. |
| (604) 808-6211 |
Employees |
1 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0600 |
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Assets |
(mil) |
0.0260 |
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Liability |
(mil) |
0.0040 |
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(for the year ended 2007-08-31) |
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Category:
Audit Concerns
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Event:
Deeas Resources, Inc., has not generated revenues since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. As of August 31, 2007, the company has accumulated net losses of $82,195 since inception. Amisano Hanson cites these factors that raise substantial doubt regarding the company’s ability to continue as a going concern.
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Intellectual Property:
On November 9, 2007, the Company entered into an agreement with Global Trek Xploration and Jupili Investment S.A., under which the parties have agreed to carry out a reverse take over transaction. Global Trek Xploration develops, patents and integrates miniaturized Assisted GPS tracking and cellular location-transmitting technology for consumer products and applications. Global Trek Xploration holds one patent and seven additional patents pending. With more than five years in research and development, strategic partnerships, and an ongoing program of intellectual property protection, Global Trek Xploration continues its ongoing efforts to advance the wearable GPS technology industry and the PLS space. [SEC Filing 10-KSB 11-15-07]
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Description:
The Company is engaged in the acquisition and exploration of mineral resource properties.
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Officers:
Jeffrey Sharpe (Pres., Sec., Treas. & Dir.)
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Auditor:
Amisano Hanson
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Securities:
Common Stock-Symbol DEEA.OB; OTC BB;
2,176,000 common shares outstanding as of October 29, 2007.
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