Richard / Soxan
Thanks for even more DD and the positive comments,
I am doing my own DD and really have come to the conclusion
that this company is real with real experts working for them.
I will call the company just to get a feel for things and go from there to determine if this company warrants any more of my hard earned
money, though if I may include that my gut feelings are along the same lines as both of you that IMO with The Start Treaty behind us and valid contracts in hand this could fly.
With all of that said I did some digging let me know what you guys make of this, if any thing.
[E-PRIME AEROSPACE CORPORATION]
*IN DATE*
Statement Date: JUN 30 1996
DATE PRINTED SUMMARY
E-PRIME AEROSPACE CORPORATION MAY 07 1998 RATING --
+EPAC
SATELLITE LAUNCH STARTED 1987
PO BOX 6472 SERVICE AND MFG WORTH $(6,003,153)
TITUSVILLE FL 32782 LAUNCH VEHICLES EMPLOYS 10-50
320 INDIAN RIVER AVE (10-50 HERE)
AND BRANCH(ES) OR DIVISION(S) SIC NOS. HISTORY CLEAR
TITUSVILLE FL 32796 47 89 37 61 FINANCIAL
TEL: 407 269-0900 CONDITION UNBALANCED
CHIEF EXECUTIVE: BOBBY G DAVIS, PRES-CEO
SPECIAL EVENTS
11/24/97 Repeated attempts to contact business were unsuccessful.
SUMMARY ANALYSIS
The Summary Analysis section reflects information on file as of May 4, 1998.
RATING SUMMARY
The Rating was changed on May 29, 1997 because of overall assessment of the company's financial, payment and history information. The absence of a Rating (--) indicates that the information available does not permit us to assign a Rating to this business. In this case, no Rating was assigned because the amount of the pending public filings on file is high in relation to the company's worth and because of "unbalanced" assessment of the company's June 30, 1996, interim financial statement.
Below is an overview of the company's Rating(s) since 01/11/91:
RATING
2R3
lR3
1R4
lR3
DATE APPLIED
05/29/97
12/20/96
02/29/96
11/30/95
08/25/95
01/11/91
PAYMENT SUMMARY
The Payment Summary section reflects payment information on file as of
the date of this report
E-PRIME AEROSPACE CORPORATION
The PAYDEX for this company is 78.
This PAYDEX score indicates that payments to suppliers average 3 days beyond terms, weighted by dollar amounts. When dollar amounts are not considered, approximately 91% of the company's payments are within terms.
Below is an overview of the company's dollar-weighted payments, segmented by its suppliers' primary industries:
TOTAI, LARGEST % DAYS SLOW
TOTAL DOLLAR HIGH WIN
RCV'D AMOUNTS CREDIT TERMS <31 31-60 61-90 91+
Total on file 5 750 250
Payment By Industry:
1 Air courier service 3 250 100 80 20
2 Electric services 1 250 250 100 -
3 Telephone communications 1 250 250 100 -
Other Payment Categories:
Cash experiences 0 0 0
Payment record unknown 0 0 0
Unfavorable comments 0 0 0
Placed for collection
0 0
other 0 N/A
The highest "Now Owes" on file is $100
The highest "Past Due" on file is $ 0
PAYMENTS (Amounts may be rounded to nearest figure in prescribed ranges)
Antic - Anticipated (Payments received prior to date of invoice)
Disc - Discounted (Payments received within trade discount period)
Ppt - Prompt (Payments received within terms granted)
REPORTED PAYING HIGH NOW PAST SELLING LAST SALE
RECORD CREDIT OWES DUE TERMS WITHIN
03/98 Ppt 250 50 -0- 1 Mo
Ppt 250 100 1 Mo
Ppt 100 -0- -0- 6-12 Mos
Ppt 50 -0- -0- 4-5 Mos
Ppt-Slow 30 100 100 -0- 1 Mo
* Payment experiences reflect how bills are met in relation to the terms granted. In some instances payment beyond terms can be the result of disputes over merchandise, skipped invoices etc.
* Each experience shown represents a separate account reported by a supplier. Updated trade experiences replace those previously reported.
FINANCE
05/29/97 Interim
Jun 30 1996
Curr Assets 7,159
Curr Liabs 6,252,922
Current Ratio .001
Working Capital (6,245,763)
Other Assets 242,610
Worth (6,003,153)
E-PRIME AEROSPACE CORPORATION
Interim statement dated JUN 30 1996:
Cash $ 7,159 Accts Pay $ 382,372
Notes Pay 1,420,199
Due To Related
Parties 167,110
Accruals 3,464,026
Other Accrued
Expenses 819,215
Curr Assets 7,159 Curr Liabs 6,252,922
Fixt & Equip 237,033 STOCKHOLDERS
Deposits 5,577 DEFICIT (6,003,153)
Total Assets 249,769
Statement received by mail MAY
Davis, president-ceo. Prepared from books __0__
Total 249,769
29 1997. Submitted by Bobby G without audit.
Statement item explanations were unavailable.
From 1987-jan 1997 the company has been in the development stages.
on MAY 29 1997 Bobby G Davis, president-CEO, submitted the above figures.
ANALYST COMMENTS ......
On May 29 1997 a search for Payment and Banking Experience Database was conducted for possible references with this business
PUBLIC FILINGS
The following data is for information purposes only and is not the official record. Certified copies can only be obtained from the official source.
* * * SUIT(S) * * *
CASE NO.: 92 6681 CA H
SUIT AMOUNT: $27,621
PLAINTIFF: AMARI,THERIAC,EISENMENGER
WOODMAN, P.A.
DEFENDANT: E'PRIME AEROSPACE CORPORATION
CAUSE: Breach of contract
WHERE FILED: BREVARD COUNTY CIRCUIT COURT,
TITUSVILLE, FL
----------------------------------------------------------------------
CASE NO.: 92 01100 SP 14 6
SUIT AMOUNT: $935 STATUS: Pending
PIAINTIFF: KELLY SERVICES,INC., MELBOURNE, DATE STATUS ATTAINED: 01/22/1992
FL DATE FILED: 01/22/1992
E'-PRIME AEROSPACE CORPORATION LATEST INFO COLLECTED: 02/05/1992
Breach of contract
BREVARD COUNTY SUMMARY COURT,
TITUSVILLE, FL
STATUS: Pending
DATE STATUS ATTAINED: 04/27/1992
DATE FILED: 04/27/1992
LATEST INFO COLLECTED: 05/07/1992
DEFENDANT: CAUSE: WHERE FILED:
* * * LIEN(S) * * *
FILING NO.: 9803360397
TYPE: Judgment lien
FILED BY: HONWELL INC
AGAINST: E-PRIME AEROSPACE CORPORATION
WHERE FILED: SECRETARY OF STATE/UCC DIVISION
SACRAMENTO, CA
* * * UCC FILING(S) * * *
STATUS: Open
DATE STATUS ATTAINED: 01/30/1998
DATE FILED: 01/30/1998
LATEST INFO RECEIVED: 02/06/1998
COLLATERAL: Communications equipment including proceeds and products - Fixtures including proceeds and products - Vehicles including proceeds and products - Equipment including proceeds and products - and OTHERS
FILING NO: TYPE: SEC. PARTY: DEBTOR:
970000059214 Original HENRY K. LUI, JACKSON, TN E'PRIME AEROSPACE CORPORATION
DATE FILED: 03/20/1997
LATEST INFO RECEIVED: 06/12/1997
FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
E-PRIME AEROSPACE CORPORATION
COLLATERAL: Communications equipment - Fixtures - Business machinery/equipment
- Computer equipment - and OTHERS
FILING NO: 9805161171
TYPE: Original
SEC. PARTY: HENRY K LUI, JACKSON, TN
DEBTOR: E-PRIME AEROSPACE CORPORATION
DATE FILED: 02/19/1998
LATEST INFO RECEIVED: 02/28/1998
FILED WITH: SECRETARY OF
STATE/UCC DIVISION,
CA
The public record items contained in this report may have been paid, terminated, vacated or released prior to the date this report was printed.
HISTORY
05/29/97
BOBBY G DAVIS, PRES-CEO
DIRECTOR(S): THE OFFICER(S)
BETTY SCOTT DAVIS, SEC-TREAS
BUSINESS TYPE: Corporation - Profit
AUTH SHARES-COMMON: 100,000
PAR VALUE-COMMON: $0.0100
DATE INCORPORATED: 02/20/1987
STATE OF INCORP: Florida
Corporate file number J58139.
Business started Feb 1987 by Bobby G Davis. Relocated Apr 1992 from 302 S Washington Ave. 87% of capital stock is owned by Bobby G Davis. 5% of capital stock is owned by investors.
No outside investor owns more than 10% of the stock. Remaining portion of stock has not been issued.
BOBBY G DAVIS born 1932. 1987-present active here as president. 1979-1987 active as owner of E-Prime Laboratories, Titusville, FL ' Discontinued successfully. 1972-79 self-employed under own name as private consultant for the aerospace energy and energy fields, Titusville, FL. 1979 discontinued successfully. 1957-72 employed by Boeing Company, The, Seattle, WA.
BETTY SCOTT DAVIS born 1932. 1987-present active here. 1979- 1987 employed by E-Prime Laboratories, Titusville, FL. Discontinued successfully. 1965-78 active as a homemaker. Also active in affiliate.
Affiliates: The following are related through common principals, management and/or ownership. U S T M Inc, Titusville, FL, started 1993. Operates as a manufacturer of satellites. Intercompany relations were declined by management.
OPERATION
05/29/97 Satellite launch service and manufactureslaunch vehicles. On
Jan 17 1997 EPAC received approval from the START Compliance Review
Group to proceed with the production and launch of EPAC Eagle S-Series
Launch vehicles. Terms are undetermined. Territory : declined.
EMPLOYEES: 10-50 which includes officer(s). 10-50 employed here
Employees will peek to 50 in July. Employees fluctuate according to
jobs.
FACILITIES: Leases premises in a building.
LOCATION: Undetermined section.
BRANCHES: Bldg 1900, Vandenberg Air Force Base, Lompoc, CA. The
building has 100,000 sq ft.
05-07(9XL /001) 00000 059181181 NH
Efrain |
