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Prospector
Profile
124-002
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| New Media Lottery Services, Inc. |
NAICS |
713290 |
| 370 Neff Ave, Suite L
Harrisonburg, VA 22801 |
Description |
Lotteries |
| (540) 437-1688 |
Employees |
16 |
| http://www.nmlsinc.com/ |
Revenue |
(mil) |
0.5710 |
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Income |
(mil) |
-3.2080 |
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Assets |
(mil) |
0.9300 |
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Liability |
(mil) |
4.3240 |
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(for the year ended 2007-04-30) |
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Category:
Loss/Deficit
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Event:
New Media Lottery Services, Inc., reported a net loss of $693,132 for the second quarter ended October 31, 2007, slightly lower than the net loss of $733,021 incurred during the second quarter of 2006. For six months ended October 31, 2007, the Company had a $1.30 million net loss, a bit lower than the $1.63 million net loss reported during the same period in 2006. The Company's consolidated balance sheet at October 31, 2007, showed $806,290 in total assets, $5.78 million in total liabilities, and $3.16 million in minority interest, resulting in an $8.14 stockholder's deficit. At October 31, 2007, the Company's balance sheet showed an accumulated deficit of $11.63 million and working capital deficit of $5.24 million.
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Intellectual Property:
The Company relies on trade secrets, proprietary know-how and technology, which it seeks to protect, in part, by confidentiality agreements with prospective working partners and collaborators, employees and consultants. [SEC Filing 10-KSB 08-14-2007]
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Description:
New Media Lottery Services, Inc., through its direct and indirect subsidiaries, New Media Lottery Services plc and New Media Lottery Services (International), Ltd., designs, builds, implements, manages, hosts and supports internet and wireless device based lottery programs operated by governments and their licensees, such as charitable organizations, outside of the United States.
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Officers:
Milton Dresner (Chair); John Carson (Pres. & CEO); Randolph Brownell, III (COO & CFO); Sterling Herbst (Sec.); Joseph Dresner (Dir.); Frederick Winters (Dir.)
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Auditor:
Bouwhuis Morrill & Company
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Securities:
Common Stock-Symbol NWMD.OB; OTC BB; 21,442,143 common shares outstanding as of December 14, 2007.
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