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Prospector
Profile
3-5-004
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| Notify Technology Corporation |
NAICS |
517212 |
| 1054 S De Anza Boulevard, Suite 105
San Jose, CA 95129 |
Description |
Wireless Communications |
| (408) 996-7405 |
Employees |
49 |
| http://www.notifycorp.com |
Revenue |
(mil) |
3.9500 |
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Income |
(mil) |
-0.4300 |
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Assets |
(mil) |
1.5800 |
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Liability |
(mil) |
2.5800 |
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(for the year ended 2007-09-30) |
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Category:
Loss/Deficit
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Event:
Notify Technology Corporation reported a net loss of $92,701 on total revenue of
$1,074,854 for the first quarter ended December 31, 2007, compared with a net loss of $61,027 on total revenue of $1,031,446 for the same period ended December 31, 2006. The Company's consolidated balance sheet at December 31,
2007, showed $1,693,661 in total assets and $2,759,473 in total liabilities, resulting in a $1,065,812 total stockholders' deficit. At December 31, 2007, the company's consolidated balance sheet also showed strained liquidity with $1,562,476 in total current assets available to pay $2,745,039 in total current liabilities.
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Intellectual Property:
The Company regards various features and design aspects of its products as proprietary and relies primarily on a combination of patent, copyright, and trademark laws and employee and third-party nondisclosure agreements to protect proprietary rights. In fiscal 2006, the Company sold its rights to several patents for legacy products no longer in production. The software products are generally not subject to patent claims although it intends to continue to apply for patents, as appropriate, for future technologies and products. In August 2006, the Company entered into a ISV Partnership with Research In Motion Limited, the maker of the BlackBerry hand-held computer, which has been endorsed for use on RIM devices in certain applications. In November of 2003, NCR Corporation and the Company entered into a non-exclusive license agreement to offer certain product features on its Enterprise Mobility Solution that are covered by a patent held by NCR. [SEC Filing 10-KSB 12-21-07]
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Description:
Notify Technology Corporation provides real time wireless synchronization of email, calendar, contacts, and tasks, supporting any Blackberry, Palm, and Windows Mobile Wireless device on cellular, voice, and data networks worldwide.
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Officers:
Paul F. DePond (Chair, Pres. & CEO); Gerald W. Rice (CFO & Sec.); Rhonda Chicone (VP of Product Development); David A. Brewer (Dir.); Mark Frappier (Dir.)
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Auditor:
L.L. Bradford & Company LLC
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Securities:
Common Stock Symbol NTFY.OB; OTC BB; 14,075,662 common shares outstanding as of December 31, 2007.
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