June 20, 2018 8:06 PM ET

Internet Software and Services

Company Overview of Penny Auction Solutions, Inc.

Company Overview

Penny Auction Solutions, Inc., a development stage company, operates online pay-to-bid penny auction Websites. The company focuses to provide auction products, such as iphones, ipads, laptops, televisions, cameras, and computer games; hobby equipment; vacation packages; clothing accessories; gift cards; home décor items; and automobiles. It also intends to replicate the sites in various languages allowing it to operate worldwide. The company primarily targets mobile internet market and online consumers. Penny Auction Solutions, Inc. was founded in 2010 and is headquartered in San Diego, California.

330 A Street

Suite 156

San Diego, CA 92101

United States

Founded in 2010

1 Employees

Phone:

866-275-5260

Fax:

866-275-5260

Key Executives for Penny Auction Solutions, Inc.

Chief Executive Officer, President, Chief Operating Officer, Treasurer, Secretary and Director
Age: 53
Chief Financial Officer and Director
Age: 74
Compensation as of Fiscal Year 2017.

Penny Auction Solutions, Inc. Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against Penny Auction Solutions, Inc. For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of Penny Auction Solutions, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

Similar Private Companies By Industry

Company Name Region
Doxy.me, LLC United States
"Atlantic Tele-Satellite, Inc. United States
.Club Domains LLC United States
.Comdaq Corporation United States
.Kache Media Management LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Penny Auction Solutions, Inc., please visit www.pennyauctionsolutions.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.