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Prospector
Profile
07.1662
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| FGX International Holdings, Inc. |
NAICS |
339115 |
| 500 George Washington Highway
Smithfield, RI 02917 |
Description |
Eyeglass Mfg. |
| (401) 231-3800 |
Employees |
314 |
| http://www.fgxi.com/ |
Revenue |
(mil) |
0.1890 |
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Income |
(mil) |
-2.2720 |
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Assets |
(mil) |
188.1600 |
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Liability |
(mil) |
167.3300 |
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(for the year ended 2005-12-31) |
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Category:
Loss/Deficit
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Event:
FGX International reported that for the third quarter ended Sept. 29, 2007, net loss was $18,000 compared to a net loss of $4.6 million in the quarter of the prior year. At Sept. 29, 2007, the company's balance sheet showed total assets of $214.26 million, total liabilities of $292.3 million, resulting to a shareholders' deficit of $78.04 million. The Company's balance sheet also showed an accumulated deficit of $78.59 million as of September 30, 2007.
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Intellectual Property:
The Company's intellectual property portfolio, including product designs, trademarks and licenses, are of material importance to its business. The Company primarily protects intellectual property rights through patent, trade secret, trade dress, trademark, copyright and unfair competition law, in addition to non-disclosure, confidentiality and other contractual restrictions. As of October 31, 2006, the Company's trademark portfolio consists of 82 U.S. trademark registrations and applications and over 150 foreign registered trademarks. It has registered the FosterGrant, Magnivision, Anarchy Eyewear, Angel Eyewear, Gargoyles and Redi-Readers trademarks and has applications pending for the Anarchy, Angel and Hyperflexx trademarks for use on its products in the United States. It also has common law rights in the Titanium mark in the U.S. by virtue of the use of the mark in U.S. commerce. Additionally, the Company has registered certain of several trademarks, including FosterGrant and Magnivision, in foreign countries where it does business. As of October 31, 2006, the Company had been issued 7 U.S. utility patents and 6 U.S. design patents relating to eyewear. It had also been issued 2 patents in foreign countries. The Company has exclusive license agreements to use the Ironman Triathlon, Levi Strauss Signature, Body Glove, C9 by Champion and Daytona International Speedway brands in sunglasses. [SEC Filing S-1 12-20-06]
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Description:
The Company engages in the design and marketing of non-prescription reading glasses, sunglasses, and costume jewelry in the United States.
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Officers:
Alec Taylor (CEO & Dir.); Jack H. Flynn, Jr. (Pres.); Brian J. Lagarto (CFO, Sec. & Treas.); Gerald Kitchen (VP); Jared Bluestein (Dir.); Jennifer D. Stewart (Dir.)
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Auditor:
KPMG LLP
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Securities:
Common Stock-Symbol FGXI; Nasdaq;
21,304,307 common shares outstanding as of December 6, 2007.
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