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Relax! Like the simple chart shows it... were people calling for $1?
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SSVG was formerly a NASDAQ stock (SERV) which hit some hard times, got delisted to the OTCBB
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001044391&owner=include&c...
Website:http://www.stratusservices.com/
http://www.stratustech.com/
CORPORATE HEADQUARTERS
We are headquartered at 149 Avenue of the Common, Suite 3, Shrewsbury, New Jersey 07702 and our telephone number is (732) 866-0300.
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The number of shares of Common Stock, $.04 par value, outstanding as of December 31, 2007 was 69,568,617.
100,000,000 Authorized
The number of shares of Common Stock, $.04 par value, outstanding as of May 8, 2008 was 71,318,617.
The number of shares of Common Stock, $.04 par value, outstanding as of September 16, 2008 was 71,318,617.
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Preferred stock, $.01 par value, 5,000,000 shares authorized
Series F voting convertible preferred stock, $.01 par value, 6,000
shares issued and outstanding, liquidation preference of $600,000
(including unpaid dividends of $154,000 and $133,000)
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Green-Tech Assets website:
http://www.greentechassets.com/
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ITEM 1. BUSINESS
General
We provide information technology (“IT”) staffing services through Stratus Technology Services, LLC (“STS”), a 51% owned subsidiary, and technology asset disposition services through Green-Tech Assets, LLC, which is also a 51% owned subsidiary. Until December 2005, we were a national business services company engaged in providing outsourced labor and operational resources and temporary staffing services. We were incorporated in Delaware in March 1997 and began operations in August 1997 with the purchase of certain assets of Royalpar Industries, Inc. and its subsidiaries. This purchase provided us with a foundation to become a national provider of comprehensive staffing services.
In order to reduce workers’ compensation costs, we began, during the fiscal year ended September 30, 2004, to outsource payroll and related functions for our temporary employees and certain in-house personnel to ALS, LLC, a Florida limited liability company (“ALS”). As a result of this arrangement, all of our field personnel and temporary employees that we placed with our clients became employees of ALS during the fiscal year ended September 30, 2005.
In December 2005, we completed a series of asset sale transactions pursuant to which we sold substantially all of the assets that we used to conduct our staffing services business (the “Asset Sales”). As a result of the Asset Sales, we ceased conducting active staffing services operations for clients other than IT staffing solutions through STS.
STS provides IT staffing solutions to Fortune 1000, middle market and emerging companies. STS offers expertise in a wide variety of technology practices and disciplines ranging from networking professionals to internet development specialists and application programmers.
In August 2007, our newly formed 51% owned subsidiary, Transworld Assets, LLC, acquired substantially all of the assets used by Green-Tech Assets, Inc. and its affiliate, CC Laurel, Inc. in their technology asset disposal business. Following the transaction, we changed the name of Transworld Assets, LLC to Green-Tech Assets, LLC (“Green-Tech”).
Between September 1997 and December 2004, we completed ten acquisitions of staffing businesses, representing thirty offices in seven states. In March 2002, we sold our Engineering Division and in fiscal 2003 we sold the assets of eight of our offices located in Nevada, New Jersey, Florida and Colorado. In addition to the Asset Sales, we sold the assets of six of our northern California offices in June 2005 and in October 2005, we sold the assets of one of our New Jersey offices.
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