OTC Bulletin Board S & P Company Insight for STRATOS RENEWABLES
Profile
	Business Summary: Intends to engage in the business of producing, processing and distributing sugarcane ethanol in Peru. The company intends to acquire and operate a total of four mills with attached ethanol distilleries.   Address   9440 Santa Monica Blvd., Suite 401   Beverly Hills , CA 90210   Phone: 310-402-5901   Fax: 310-402-5947   Website: http://www.stratosrenewablesenergy.com Auditor   Moore Stephens Wurth Frazer and Torbet Transfer Agent   Holladay Stock Transfer, Inc. Employees:  28 ShareHolders:  115 Founded:  2004 Domicile:  Nevada
Background
	Stratos Renewables Corporation, in the development stage as of March 31, 2009, intends to engage in the business of producing, processing and distributing sugarcane ethanol in Peru. Ethanol is a renewable energy source that can be mixed with gasoline and used as motor fuel. A subsidiary of the company has acquired certain assets and rights relating to a sugar mill located in the province of Chepen, Peru. The company plans to relocate the sugar mill and to acquire and install a distillery unit to adjoin it for the production of ethanol. Stratos plans to develop ethanol and sugar products through the cultivation, harvesting and processing of sugarcane in low-cost growing locations. The company's business plan consists of two phases. Phase I will primarily be focused on establishing the company's initial ethanol production facilities and infrastructure. Phase II will primarily be focused on expanding operations in strategic locations. Phase I of the company's business plan comprises five components: mill and distillery acquisition, expansion and modification; seedling production; land sourcing; field installment; and conducting feasibility studies and generating a business plan for Phase II. On May 3, 2008, the company entered into a lease with an unaffiliated third party in order to obtain the rights to use 24,000 hectares of undeveloped land in Peru, of which 15,000 hectares are plantable land. Phase II will consist of the company's expansion in strategic locations along the northern Peruvian coast and the cultivation of its own sugarcane supplies to be used for production. In connection with Phase II, Stratos anticipates raising and investing additional funds in order to plant sugarcane on 48,000 hectares of raw land, and acquire and operate a total of four mills with attached ethanol distilleries, with expandable capacities and distribution port infrastructure. By the fourth quarter of 2014, it is the company's goal to be able to process a total of 25,000 tons of sugarcane per day, and produce approximately 180 million gallons of anhydrous ethanol annually. The company expects to initiate Phase II in 2009. History:  INCORPORATED in Nevada Sept. 29, 2004, as New Design Cabinets, Inc.; name changed to Stratos Renewables Corp. Nov. 20, 2007. On Nov. 14, 2007, the company acquired 99.9% of the issued and outstanding Common shares of Stratos del Peru S.A.C. for 45,000,000 Common shares. Stratos del Peru S.A.C. was incorporated in Peru Feb. 27, 2007, as Estratosfera del Peru S.A.C.; name changed to Stratos del Peru S.A.C. July 11, 2007.   Subsidiaries: Stratos del Peru S.A.C.
Management
	Management Officers Position  Steven S. Magami Chairman  Stephen L. Norris Vice Chairman  Thomas  Snyder President & Chief Executive Officer  Julio Cesar Alonso Treasurer, Chief Financial Officer & Chief Accounting Officer  Jorge Eduardo Aza Chief Operating Officer  Valerie A. Broadbent Secretary Directors  Leonard  Brooks  Foo  Katan  Steven S. Magami  Alexander  Nevinsky  Stephen L. Norris
Annual Report
	Annual Report   Income Statement   2008 2007 EXPENSES Wages (2,492,843) (210,928) General and Administrative (2,938,167) (520,779) Professional Fees (2,497,437) (100,611) Consulting Fees (1,330,250) (144,784) Interest Expense (1,317,300) (721,462) Amortization of Debt Discounts and Debt-issuance Costs (3,171,049) (609,317) Change in Value of Beneficial Conversion Liability 511,926 624,052 Change in Value of Warrant Liability 1,410,799 95,972 Others (90,399) 600 Earnings before Taxes (11,914,720) (1,587,257) TAXES AND OTHER EXPENSES Provision for Income Tax (850) - Net Income (Loss) (11,915,570) (1,587,257) SUPPLEMENTARY INFO Basic and diluted EPS - Continuing Operations (0.20) (0.03)   Balance Sheet   2008 2007 CURRENT ASSETS Cash and Cash Equivalents 761,257 3,357,417 Prepaid Expenses and Other Current Assets 712,111 155,020 Funds Held in Trust for the Company 92,652 - Debt Issuance Costs 1,013,326 56,948 Total Current Assets 2,579,346 3,569,385 NON CURRENT ASSETS Plant and Equipment, Net 5,223,296 4,600,923 VAT Receivable 1,225,130 899,567 Other Assets 118,958 21,711 Land Deposits 302,632 - Total Assets 9,449,362 9,091,586 CURRENT LIABILITIES Accounts Payable 906,495 173,032 Accrued Interest 425,329 39,248 Convertible Promissory Notes 5,602,210 2,495,631 Accrued Warrant Liability 2,652,692 1,164,501 Other Payables 620,084 84,648 Accrued Beneficial Conversion Liability - 250,938 Accrued Redemption Premium 296,615 670,150 Total Current Liabilities 10,503,425 4,878,148 NON CURRENT LIABILITIES Preferred Stock Convertible 8,572 7,143 SHAREHOLDERS' EQUITY Common Stock - Par Value 63,495 57,667 Additional Paid in Capital 12,649,041 5,721,864 Deficit Accumulated during the Development Stage (13,502,827) (1,587,257) Other Comprehensive Income (Loss) (272,344) 14,021 Total Shareholders Equity (1,054,063) 4,213,438 Total Liabilities & Shareholders Equity 9,449,362 9,091,586
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2009   1 Nil   2008   1 Nil   2008   2 Nil   2008   3 Nil   2008   4 Nil   2008   Full Year Nil     Quarterly Net Income, US$ Year Quarter Revenue   2009   1 320,000   2009   2 (2,150,000)   2009   3 (6,290,000)   2008   1 (4,020,000)   2008   2 (1,520,000)   2008   3 (4,850,000)   2008   4 (1,520,000)   2008   Full Year (11,920,000)   2007   Full Year (1,900,000)     Quarterly EPS, US$ Year Quarter Revenue   2009   1 Nil   2009   2 (.03)   2009   3 (.06)   2008   1 (.07)   2008   2 (.03)   2008   3 (.08)   2008   4 (.02)   2008   Full Year (.20)   2007   Full Year (.05)
Stock Data
	Capitalization as of 03/31/2009:     Authorized Shares Outstanding Shares Common $0.001 par 250,000,000 64,202,661 Preferred $0.001 par 50,000,000 8,400,009so2   LONG TERM DEBT: None.   Common $0.001 par   COMMON SOLD PRIVATELY: In November 2007, the company issued an aggregate of 2,666,794 Common shares and warrants to purchase an aggregate of 1,333,396 Common shares in a private placement. The aggregate gross proceeds raised by the company in connection with the private placement were $1,867,090. Each Common share was sold to investors at $0.70 per share.   Stockholders:  03/31/2009, 115. PRINCIPAL STOCKHOLDERS: March 31, 2009, Steven Magami owned or controlled 20.7% of the Common, Luis Goyzueta 13.6% and Carlos Antonio Salas 7.8%.   Transfer Agent:  Holladay Stock Transfer, Inc.   Scottsdale , AZ   OTC Bulletin Board( Primary): SRNW   Exchange Year High Low OTC Bulletin Board 2009 0.5100 0.0100 OTC Bulletin Board 2008 1.9000 0.2500 OTC Bulletin Board 2007 1.7500 1.5000   DIVIDENDS: Common $0.001 par: No cash. Common split 15-for-1, Oct. 11, 2007.       so2Closely held. Consists of Series A Preferred. Series A is convertible into Common at a one-to-one ratio.