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Seamless Wi-Fi Inc. (SLWF) – Oh, let’s make business with three employees!

Contributed by: Martinas B.
Date: 21 Jun, 2007

How could you imagine running business profitably with only three people, whose average age is 61 in your team working?

How could you have even a tea-break if you still want to make your company to be the best running in the whole share market, when the company has only six aged hands?

Seamless Wi-Fi, Inc., employees must be the hardest working people on the whole stock market. Nevertheless, for this company everything seems can be done.

Founded in 1983, Seamless Wi-Fi, Inc., is a development stage company. The company earns money by providing wireless fidelity services (Wi-Fi), as well as forges a network of Wi-Fi hot spots in targeted geographic and vertical markets across the country.

Las Vegas, Nevada, based company also develops Phenom Encryption Software, which enables secure communications over Wi-Fi, local area networks, and wide area networks with its virtual Internet extranet network technology.

With as little as $10,765 cash in their bank account, the company must find the way to pay off a staggering debt of $7,029,701. Total assets the company owns are worth a total of $4,218,836.

Revenues for the nine months ended March 31, 2007 were $30,990 compared to $18,535 for the same period in 2006, an increase of 165%. This increase in revenue was the result of further enhancement of Wi-Fi services at our Skyy-Fi locations.

The cost of revenues for the nine months ended March 31, 2007 was $103,484 compared to $85,783 for the nine months ended March 31, 2006, an increase of 120%. The increase in cost of revenue is because of the cost of our enhanced services offered by our Skyy-Fi hot spots.

As of May 9, 2007, the number of shares of common stock issued and outstanding was 3,548,768,509, which puts the company’s market cap to $3.19 millions.

Today stock was priced up at 0.0009 cents, which is normally the lowest point of the company’s stock. Top week high yet to be broken is $0.0011 per stock.

On the industry point of view this company is the smallest player, losing its place to rivals like aQuantive Inc., Priceline.com Inc. and others.

One of the company’s product (pictured left) is “hand-held” pocket computer. This versatile mini computer can actually perform and be utilized as a “Working Tool” that is more convenient and portable than other units available today, as the company's report claims.

Overall, this company will not go too far with three people working in their company. Also, there is a big gap between the industry big-guns and Seamless Wi-Fi. The company has to put an enormous amount of efforts if they want to get closer to the rivals and compete with them.

Key executives of Seamless Wi-Fi Inc. (SLWF)

Name	Age	Position
Albert R. Reda	60	Chief Exec. Officer, Pres, Chief Financial Officer, Director, Member of Disclosure Committee, Sec. of Global Debit Cash Card Inc. of Global Debit Cash Card Inc
John Domerego	62	Director and Pres of Seamless Skyy-Fi Inc
Mildred Carroll		Sec. and Member of Disclosure Committee