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Prospector
Profile
3-26-004
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| Telemetrix, Inc. |
NAICS |
517200 |
| 6650 Gunpark Drive, Suite 100,
Boulder, CO 80301 |
Description |
Wireless Telecommunications |
| (303) 652-0103 |
Employees |
7 |
| http://www.conveywireless.com./ |
Revenue |
(mil) |
0.2200 |
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Income |
(mil) |
-2.9100 |
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Assets |
(mil) |
0.7200 |
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Liability |
(mil) |
9.9000 |
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(for the year ended 2007-12-31) |
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Category:
Audit Concerns
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Event:
Stark Winter Schenkein & Co. LLP expressed substantial doubt about Telemetrix, Inc.'s ability to continue as a going concern after auditing the Company's financial statements. The auditor stated that the Company has suffered a loss from operations and has working capital and stockholders' deficits. The Company posted a net loss of $2,908,464 on total revenue of $223,192 for the year ended December 31, 2007, as compared with a net loss of $1,795,177 on total revenue of $428,112 in the prior year. At December 31, 2007, the Company's balance sheet showed an accumulated deficit of $82,186,170 and total stockholders' deficit of $9,174,280. It also has strained liquidity with $88,326 in total current assets available to pay $9,344,625 in total current liabilities.
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Intellectual Property:
On January 11, 2000, the U.S. Patent and Trademark Office issued Patent No. 6,014,089, which is directed to an apparatus and method for transmitting data to and from a data collection devise using the SMS functionality of the control channel of wireless communication system. On November 21, 2004, the Company received Patent No. 6,150,955 which is directed to the use of a telemetry data system for monitoring certain digital packets associated with a digital communications control channel, the identification of certain packets, and the replacement of certain non-information bearing packets with packets that contain useful data and information. On April 9, 2002, the Company received Patent No. 6,369,719 which is directed to an apparatus and method for collecting and transmitting utility meter data and other information by means of a wireless network. These patents were used to pursue opportunities in utility metering, including the sale of application-specific telemetry hardware and software. [SEC Filing 10-KSB 03-07-08]
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Description:
Telemetrix, Inc., currently doing business as Convey Wireless, offers wireless communication and networking services primarily in the United States.
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Officers:
William Becker (Chair, Pres. & CEO); Gary Brown (Sec., Treas. & Dir.); Larry Becker (Dir.); Brett Smithard (Dir.); Patrick Kealy (Dir.)
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Auditor:
Stark Winter Schenkein & Co. LLP
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Securities:
Common Stock-Symbol TLXT.PK; Other OTC;
180,483,368 common shares outstanding as of March 15, 2008.
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