 |
Prospector
Profile
2-6-002
|
| |
| Panglobal Brands, Inc. |
NAICS |
315000 |
| 5608 S. Soto Street,
Huntington Park, CA 90255 |
Description |
Apparel Mfg. |
| 323 588-1190 |
Employees |
0 |
|
Revenue |
(mil) |
0.5920 |
| |
Income |
(mil) |
-3.9240 |
| |
Assets |
(mil) |
2.0100 |
| |
Liability |
(mil) |
0.4060 |
| |
(for the year ended 2007-09-30) |
| |
|
Category:
Audit Concerns
|
| |
|
Event:
Grobstein Horwath & Company LLP raised substantial doubt about the ability of Panglobal Brands, Inc., to continue as a going concern after auditing the Company's financial statements for the year ended September 30, 2007. The auditing firm notes that the Company is in the development stage and has incurred a loss from operations and negative cash flows from operations. The Company posted a net loss of $3,924,871 on net sales of $592,046 for the year ended September 30, 2007. The Company's balance sheet at September 30, 2007, showed $2,014,972 in total assets, $406,988 in total liabilities and $1,607,984 in total stockholders' equity.
|
| |
|
Intellectual Property:
The Company owns the trademark “Hauteur Mynk” and has applications pending for the balance of its branded apparel products. [SEC Filing 10-KSB 01-15-08]
|
| |
|
Description:
Panglobal Brands, Inc., a development stage company, engages in the design, manufacture, and distribution of clothing and accessories.
|
| |
|
Officers:
Stephen Soller (CEO & Sec.); Jacques Ninio (Pres.); Charles A. Lesser (CFO)
|
| |
|
Auditor:
Grobstein Horwath & Company LLP
|
| |
|
Securities:
Common Stock-Symbol PNGB.OB; OTC BB; 29,630,530 common shares outstanding as of December 31, 2007.
|
| |
| |
| |
| return to main page |
|
|
