Competitive Companies Inc. (fka CCOP)

[Cassandra]

The MDGC/Wytec patents were valued at $189,000. However CCOP carries them at zero asset value due to uncertainties about any economic benefit they will derive.

Note 11 – Intangible Assets

On November 8, 2011, we acquired five patents pursuant to a stock purchase agreement in exchange for cash and warrants (Wytec International, Inc. acquisition”). The fair market value of the patents acquired via the Wytec International, Inc. acquisition was determined to be $189,000 using the Income approach based on management’s projections of future cash flows. The fair value of the patents was then used, pursuant to the terms of the acquisition agreement, to determine the two components of the purchase price (cash and warrant components).

See page F-18: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8549772

A valuation report from an appraiser was issued on 4/9/2012 which explains why the CCOP 10-K was late. I don't know what amout the appraiser arrived at except that it was less than $1 million.