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Prospector
Profile
122-03
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| Pacific Software, Inc. |
NAICS |
511210 |
| 6517 Gerke Place
Nanaimo BC, Canada V9V 1V8 |
Description |
Software Publisher |
| (250) 701-1873 |
Employees |
0 |
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Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-0.0362 |
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Assets |
(mil) |
0.0142 |
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Liability |
(mil) |
0.0480 |
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(for the year ended 2007-09-30) |
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Category:
Audit Concerns
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Event:
Dale Matheson Carr-Hilton Labonte LLP raised substantial doubt on Pacific Software, Inc.'s ability to continue as a going concern after auditing its financial statement for the year ended September 30, 2007. The auditor notes that the Company has not generated revenues since inception, has incurred losses in developing its business, and further losses are anticipated. Furthermore, the Company requires additional funds to meet its obligations and the costs of its operations. The Company has an accumulated deficit of $44,279 and has a working capital deficiency of $48,831 at September 30, 2007.
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Intellectual Property:
The Company relies on a combination of the protections provided under applicable copyright, trade secret laws, confidentiality procedures and licensing arrangements, to establish and protect its proprietary rights. As part of the Company's confidentiality procedures, it generally enters into non-disclosure agreements with its developers, distributors and marketers. The Company has no patented or other proprietary technology that would preclude or inhibit competitors from designing software with similar features as LargeFilesASAP software package. [SEC Filing 10-KSB 01-07-08]
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Description:
Pacific Software developes and markets a large file transfer software package named LargeFilesASAP.
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Officers:
Marinus Jellema (Pres., Sec., & Treas.)
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Auditor:
Dale Matheson Carr-Hilton Labonte LLP
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Securities:
849,000 common shares outstanding as of January 7, 2008.
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