Year end filing for osk is out. some points of interest...
Didn't have the time to read the entire filing but will try to do so in the new year.
Teliphone has also developed and integrated new software permitting the
replacement of traditional auto-attendant and office telephony systems. The
Company is currently finalizing its beta trials and will introduce to the market
through its interconnection re-seller base in 2007 - Q1.
s of December 18th, 2006 there were sixty-six (66) holders of record of our
common stock. It must be noted that the majority stockholder, United American
Corporation, holds 25,737,956 of the 33,554,014 outstanding shares of the
company. Effective October 30, 2006. United American Corporation has spun-off
its holdings in Teliphone Corp. United American Corporation Shareholders will
receive their Teliphone Corp. share certificates (and the shareholders of record
recorded with the transfer agent) in December, 2006 and January, 2007. This will
increase the shareholder base by four hundred and fifteen (415) bringing the
total holders to four hundred and eighty-one (481).
We have been unprofitable since our inception and have incurred losses. Our
accumulated deficit since inception on August 27, 2004 to September 30, 2006 was
$1,414,778 and the Company had a net loss of $668,374 for the year ended
September 30, 2006. These losses have resulted principally from costs incurred
in our research and development programs, our general and administrative costs
and our telecommunications network overhead costs. We have started to derive
revenues from product and service sales in the last 12 months of operations.
However, profitability is not being considered for the foreseeable future and is
only expected for the fiscal year ending September 30, 2008.
