OTC Bulletin Board

S & P Company Insight for FORTERUS INC
 
 Profile

 
Business Summary: Forterus, Inc. primarily operates residential drug and alcohol treatment centers for drug addiction, alcohol rehabilitation, detox, pain management, and other addictions in the United States.
 
Address
  405A Arenoso
  San Clemente , CA 92672
  Phone: 949-429-4001
Auditor
  McKennon, Wilson & Morgan
  Irvine , CA
Transfer Agent
  Corporate Stock Transfer, Inc.
Employees:  3
ShareHolders:  50
Founded:  2007
Domicile:  Nevada
 
  
 
 Background

 
Forterus, Inc. primarily operates residential drug and alcohol treatment centers for drug addiction, alcohol rehabilitation, detox, pain management, and other addictions in the United States. The company's treatment programs also include gambling treatment, professional intervention services, pain management program for individuals addicted to prescription painkillers, outpatient treatment programs, adolescent treatment programs, and Spanish-language treatment services. It also engages in the acquisition, ownership, management, training, racing, and syndication of thoroughbred racing horses. The company, formerly known as Mezey Howarth Racing Stables, Inc., was founded in 2007 and is based in Huntington Beach, California.
History:  INCORPORATED in Nevada Feb. 27, 2007, as MH 1, Inc.; name changed to Mezey Howarth Racing Stables, Inc. June 12, 2007; and to Forterus, Inc. Aug. 4, 2008.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Paul J. HowarthPresident & Chief Executive Officer
 Jerrod  MenzSecretary

Directors
 Paul J. Howarth
 Jerrod  Menz
 Brian  Meshkin
 J. Wade Mezey
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  2007
Total revs31,051
Cost of sales39,876
Operating exps.871,285
Minority interest8,750
Interest exp.33,733
Other exp.270
Net loss(922,903)
Share earns. basic($0.23)
Share earns. diluted($0.23)
Avge. com. shs. 3,970,847
 
Balance Sheet
  2007
Assets:
Cash & equiv.19,318
Investment in limited liability entities19,925
Tot. curr assets39,243
Livestock89,722
Real estate1,585,000
Total assets1,713,965
Liabilities:
Accruals254,814
Loans pay.79,739
Notes pay.540,636
Mortgages pay.1,374,850
Pfd. stk.252,585
Tot. curr. liabs.875,189
Com. stk. p.$0.0017,675
Paid-in cap.126,569
Retained earns.(922,903)
Total liabs. and stockholders equity1,713,965
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2008   31,010,000
  2007   2Nil
  2007   330,000
  2007   410,000
  2007   Full Year 40,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2008   1N/A
  2008   2N/A
  2008   3N/A
  2007   2N/A
  2007   3N/A
  2007   4N/A
  2007   Full Year (1,110,000)
  2006   Full Year 60,000
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2008   1(7.83)
  2008   2(.58)
  2008   3(.39)
  2007   2(9.00)
  2007   3(1.00)
  2007   4(5.50)
  2007   Full Year (13.94)
  2006   Full Year N/A
 
  
 
 Stock Data

 
 
Capitalization as of 06/30/2008:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par20,000,0005,424,355so1
Common $0.001 par180,000,000683,260so2
 
LONG TERM DEBT: None.
 
Common $0.001 par
 
Stockholders:  03/31/2008, 50.
Transfer Agent:  Corporate Stock Transfer, Inc.   Denver , CO
 
OTC Bulletin Board( Primary): FTER
 
ExchangeYearHighLow
OTC Bulletin Board20080.52000.0000
 
DIVIDENDS: Common $0.001 par: No cash.
 
 
  so1Consists of Ser. A Conv. Preferred. Each Ser. A share is convertible into 10 Common shares.
  so2Adjtd. for 1-for-50 reverse split Aug. 4, 2008.