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Prospector
Profile
124-003
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| Business.vn, Inc. |
NAICS |
454111 |
| 9449 Balboa Ave, Suite 114
San Diego, CA 92123 |
Description |
Electronic Shopping |
| (858) 292-9637 |
Employees |
0 |
| http://www.business.vn/ |
Revenue |
(mil) |
0.0000 |
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Income |
(mil) |
-1.3830 |
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Assets |
(mil) |
1.2780 |
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Liability |
(mil) |
3.3970 |
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(for the year ended 2007-04-30) |
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Category:
Loss/Deficit
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Event:
Business.vn, Inc., reported a net loss of $386,397 on revenues of $2,619 for the quarter ended October 31, 2007, compared with a net loss of $177,449 on zero revenues for the same period last year. At October 31, 2007, the Company's balance sheet showed an accumulated deficit of $7,779,227 and stockholders' deficit of $2,663,634. It also has strained liquidity with $59,050 in total current assets available to pay $3,972,684 current liabilities.
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Intellectual Property:
In February of 2003, the Company signed a license agreement with Hi-Tek, a California-based software corporation for the reservation engine software. The reservation engine software is the key to many of the functions for the Company's online e-commerce. Hi-Tek has developed and deployed the Company's promotional website with e-commerce technology. The Company will retain the proprietary rights to the website content and related technology. On March 26, 2007, the Company also acquired assets from Business.com.vn, a Vietnamese Company, which is developing an exclusive e-commerce global business platform to promote, market and sell products and services of qualified Vietnamese companies. The assets acquired consists of a database of 300,000 Vietnamese companies, marketing software, trademarks and intellectual property. [SEC Filing 10-KSB 08-31-07]
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Description:
Business.vn, Inc., formerly Worldtradeshow.com, Inc., operates an online e-commerce marketing company.
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Officers:
Sheldon Silverman (CEO); Robert Malasek (CFO); Carlos Rosette (Dir. - Sales & Mktg.)
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Auditor:
Chang G. Park CPA
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Securities:
Common Stock-Symbol BVNI.OB; OTC BB; 47,904,670 common shares outstanding as of December 14, 2007.
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