BNET Industries
Market Cap:$146.7K
- Public
- US
Dow Jones Description
Operations commenced in 1986 with the license granted to it by the Company's president ,Vincent Cuervo, of his early intellectual property referred to as "The Resource Default Proof Method System" patents. Agreements and considerations between him and the Company were executed and patent applications, patents and other proprietary rights to the system, including the right to use the registered trademark: RESOURCE, where among them. Since inception, the Company has generated low revenues from operations and its activities have consisted primarily of organizational activities, development of the patented system, and preliminary marketing activities. During the period from April 1989 through February 1995, the Company's marketing activities were interrupted due to litigation involving the unauthorized use or disclosure of the Company's proprietary information. As a consequence the Company's cash flow deteriorated. The Company was listed with NASDAQ until June 1991. Due to the extraordinary legal fees and expenses incurred during four years of litigation with a bank, the Company was delisted at that time for falling below NASDAQ's minimum financial requirements. Since then the common stock of the Company has been traded on the over-the-counter market. The symbol is DPRS, and is quoted through OTC:BB.
CEOVincent Cuervo
Peer Companies
NAICS Code Administrative Management and General Management Consulting Services: 541611
News & Analysis
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default proof credit card system inc. - All News and Analysis
ATM Debit Cards Dispenser, Now It Has U.S. Patent! Default Proof Credit Card System, Inc. Receives From the U.S. Patent and Trademark Office Notice of Patent Allowance
- 2000-04-27
Business Editors MIAMI--BUSINESS WIRE--April 27, 2000 Default Proof Credit Card System, Inc. (OTCBB:DPRS) announced that, on April 24, 2000, the U.S. Patent and Trademark Office ("PTO") served the Company with Notice of Allowance for Issuance of a U.S. Patent for its Automated Teller Machine ATM Debit Cards Dispenser...
Default Proof Credit Card System Inc. Announces Compliance With SEC Reporting, and Advances Details
- 1999-10-19
MIAMI--BUSINESS WIRE--Oct. 19, 1999-- Default Proof Credit Card System Inc. (the "company") (OTCBB:DPRS), is pleased to announce as of Oct. 14, 1999 the company is in full compliance with Securities and Exchange Commission ("SEC") reporting regulations. This information may be obtained from the EDGAR web site: http://www.sec.gov. These...
Default Proof Credit Card System Inc. Prepares Necessary Documents for Securing its ATM DEBIT CARDS DISPENSER With Protection in Foreign Countries and Will be Filing With the Patent Cooperation Treaty
- 1998-11-05
MIAMI--BUSINESS WIRE--Nov. 5, 1998--In accordance with the Paris Convention, to which most nations are signatories, Default Proof Credit Card System Inc. (OTC BB:DPRS), an applicant from a member state can file with the Patent Cooperation Treaty PCT and will be filing for securing international patent protection. At the present...
Default Proof Credit Card System Inc. "FOREIGN LICENSE GRANTED"
- 1997-11-19
MIAMI--BUSINESS WIRE--Nov. 19, 1997--Default Proof Credit Card System Inc. (OTC BB:DPRS) has been notified by the U.S. Patent and Trademarks Office, Washington, D.C. that its "ACCIM" Patent Pending has met the conditions to be granted a license under 35 U.S.C. 184, "FOREIGN LICENSE GRANTED." The company is...
Default Proof Credit Card System Inc. makes announcement
- 1997-02-27
MIAMI--BUSINESS WIRE--Feb. 27, 1997--Default Proof Credit Card System Inc.'s DPRS Business Plan for 1997 continues to move forward. Investment bankers in New York and Default Proof Credit Card System Inc., in Miami, have entered into an agreement for the marketing, processing, and issuance of VISAr and MASTERCARDr...
Default Proof Credit Card System Inc. diversifies its marketing operation
- 1996-09-16
MIAMI--BUSINESS WIRE--Sept. 16, 1996--Default Proof Credit Card System Inc. DPRS diversifies its marketing operation.The company has purchased all the worldwide rights and exclusive license to exploit the REPLACEABLE SHOE HEEL. This Patent Pending relates to a consumer's enhancing product for the shoe manufacturing industry, a shoe heel that when...
Default Proof Credit Card System Inc. announces intention to file a Uniform Limited Offering in a number of states
- 1996-06-26
MIAMI--BUSINESS WIRE--June 26, 1996--Default Proof Credit Card System Inc. an OTC publicly trading corporation (OTC BB:DPRS), announced that on or about next July 15, under the Securities and Exchange Commission Regulation D, it intends to file a Uniform Limited Offering in a number of states.The proceeds from this offering will...
Default Proof Credit Card System Inc. and Benefit Technologies Inc. engage in negotiations
- 1996-02-15
MIAMI--BUSINESS WIRE--Feb. 15, 1996--Default Proof Credit Card System Inc., and Benefit Technologies Inc. ("BTI"), White Plains, N.Y., are engaged in negotiations regarding a possible agreement pursuant to which BTI intends to market and offer, within its Flexible Benefits Plan, through a Multiple Employers Trust, Default Proof's patented secured credit/debit cards...
Additional Resources
Default Proof Credit Card System, Inc. Enters the Prepaid Debit and Gift Cards Business Through Its New Wholly Owned Subsidiary
- 2006-10-10
MIAMI -- Default Proof Credit Card System, Inc. (OTCBB:DPRS) announced today that it has a wholly owned new subsidiary named Gift Cards Online, Inc. The new company is incorporated in the State of Florida. Default Proof Credit Card System, Inc. (the "DPCCS"), presently fully licensed to move forward...
Default Proof Credit Card System, Inc. Announces Receipt of New U.S. Patent Grant
- 2006-08-23
MIAMI -- Default Proof Credit Card System, Inc. (OTCBB:DPRS) announces that on August 22, 2006 the application 09/207,854 filed by Vincent Cuervo, CEO on December 8, 1998 was granted U.S. Patent number 7,096,198, titled: INTERNET WEB SITE PROGRAM FOR THE PURCHASE, ISSUE AND DISPENSING OF DEBIT CARDS Abstract...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Vincent Cuervo | CEO |
| Charles A Menendez | President and Chief Financial Officer |
| Ciro B Sosa | Vice President |
| Pedro P Llaguno | Secretary |
| Organization | Position | Status |
|---|---|---|
| Default Proof Credit Card System, Inc. | CEO | Current |
| Default Proof Credit Card System, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Default Proof Credit Card System, Inc. | President and Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Default Proof Credit Card System, Inc. | Vice President | Current |
| Default Proof Credit Card System, Inc. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Default Proof Credit Card System, Inc. | Secretary | Current |
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