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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Business Summary: Valley Forge Composite Technologies, Inc., through its subsidiaries, engages in the development and commercialization of counter-terrorism products primarily in the United States.
 
Address
  50 E River Center Blvd Ste 820
  Covington , KY 41011
  Phone: 859-581-5111
  Fax: 859-581-5116
  Website: http://www.vfct.com
Auditor
  SHERB & CO., LLP
Transfer Agent
  Florida Atlantic Stock Transfer Inc.
Employees:  4
ShareHolders:  59
Founded:  1996
Domicile:  Florida
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Valley Forge Composite Technologies, Inc., through its subsidiaries, engages in the development and commercialization of counter-terrorism products primarily in the United States. The company offers THOR LVX, a photonuclear detection system that facilitates a detection capability for illicit narcotics, explosives, and bio-chemical weapons hidden in cargo containers. It also holds a distributor agreement to sell a passenger weapons scanning device, ODIN-ULDRIS, which is an ultra-low dose resonance imaging system. In addition, the company offers electronic components; and prototype mechanical and electronic devices to customer specifications. Further, it provides attitude control instruments for small satellites, such as mini momentum reaction wheels based on composite and bearing technology; and offers bearings and star cameras for aerospace applications. The company was founded in 1996 and is based in Covington, Kentucky.
History:  INCORPORATED in Florida June 27, 2005, as Quetzal Capital I, Inc. On July 6, 2006, the company acquired Valley Forge Composite Technologies, Inc., a Pennsylvania corporation organized on Nov. 21, 1996, and adopted acquired concern's title. The company issued 40,000,000 Common shares in exchange for all of the outstanding capital stock of the acquired concern.
 
Subsidiaries:
Valley Forge Aerospace, Inc.
Valley Forge Detection Systems, Inc.
Valley Forge Emerging Technologies, Inc.
Valley Forge Imaging, Inc.
 
 
 
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Management
OfficersPosition
 Louis J. BrothersChairman, President, Secretary, Treasurer, Chief Financial Officer, Chief Accounting Officer & Chief Executive Officer

Directors
 Victor E. Alessi
 Eugene  Breyer
 Louis J. Brothers
 Raul A. Fernandez
 Andrew T. Gilinsky
 Richard S. Relac
 Larry K. Wilhide
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Capitalization as of 03/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.001 par100,000,00051,415,349
Preferred no par20,000,000None
 
LONG TERM DEBT: $232,968.
 
Common $0.001 par
 
Stockholders:  12/31/2008, 59.
PRINCIPAL STOCKHOLDERS: December 31, 2008, Louis J. Brothers and Larry K. Wilhide each owned or controlled 36.7% of the Common.
 
Transfer Agent:  Florida Atlantic Stock Transfer Inc.   Tamarac , FL
 
OTC Bulletin Board( Primary): VLYF
 
ExchangeYearHighLow
OTC Bulletin Board20090.91000.0800
OTC Bulletin Board20085.40000.1200
OTC Bulletin Board200713.50002.0000
 
DIVIDENDS: Common $0.001 par: No cash.
 
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Annual Report
 
Income Statement
  20082007
Sales132,000-
EXPENSES
Cost of Sales(72,068)-
Loss on Shipped Inventory-(483,268)
Selling and Administrative Expenses(1,560,984)(1,230,244)
Stock Based Consulting(142,450)(284,900)
Interest Expense(208,567)(23,894)
Investment Income3,31411,186
Earnings before Taxes(1,848,755)(2,011,120)
TAXES AND OTHER EXPENSES
Net Income (Loss)(1,848,755)(2,011,120)
SUPPLEMENTARY INFO
Gross Profit/loss59,932.00-
Operating Income (Loss)(1,643,502.00)(1,998,412.00)
Basic and diluted EPS - Continuing Operations(0.04)(0.04)
 
Balance Sheet
  20082007
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents305,17988,656
Accounts Receivables9,492-
Inventory225,000460,114
Prepaid Expenses203,00242,659
Deposits With Vendors21,000222,735
Total Current Assets763,673814,164
NON CURRENT ASSETS
Property and Equipment, net51,62359,747
Loan Fees208,071-
Capitalized R&d Costs219,681-
Security Deposit5,5355,535
Total Assets1,248,583879,446
LIABILITIES
CURRENT LIABILITIES
Accounts Payable and Accrued Expenses246,857128,381
Convertible Debentures42,00042,000
Notes Payable-160,000
Due to Stockholders326,558216,558
Deferred Revenue-66,000
Total Current Liabilities615,415612,939
NON CURRENT LIABILITIES
Long-term Debt138,447-
SHAREHOLDERS' EQUITY
Common Stock - Par Value51,41546,956
Additional Paid in Capital6,710,9044,638,394
Accumulated Deficit(6,267,598)(4,418,843)
Total Shareholders Equity494,721266,507
Total Liabilities & Shareholders Equity1,248,583879,446
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Interim Report   
 
Data Not Available
 
 
 
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Valley Forge Composite Technologies, Inc.
Symbol:  VLYF


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   1Nil
  2009   2310,000
  2008   1Nil
  2008   2130,000
  2008   3Nil
  2008   4Nil
  2008   Full Year 130,000
  2006   11,340,000
  2006   4(920,000)
  2006   Full Year 420,000
  2004   Full Year 660,000
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year (1,850,000)
  2007   3(640,000)
  2007   4(320,000)
  2007   Full Year (2,010,000)
  2006   Full Year (1,180,000)
  2005   Full Year (570,000)
  2004   Full Year (370,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.01)
  2009   2(.01)
  2009   3(.01)
  2008   1(.01)
  2008   2Nil
  2008   3(.10)
  2008   4.07
  2008   Full Year (.04)
  2007   1(.01)
  2007   2(.02)
  2007   3(.01)
  2007   4(.01)
  2007   Full Year (.04)
  2006   2Nil
  2006   3(.01)
  2006   4(.01)
  2006   Full Year (.03)
  2005   3Nil
  2005   4Nil
 
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