Public Shell Profile "D"
|State of incorporation CO||date 1988|
|Reporting Company?||Yes X No|
|Number of Shareholders 1,100|
|Shares Trading?||Yes No x||Market makers Thirteen available|
|Recent Bid $.01|
State of incorporation CO date 1988
Reporting Company? Yes X No
Number of Shareholders 1,100
Shares Trading? Yes No X Market makers Thirteen available
Recent Bid $.01
Blue Sky Manual Exemption_____________________________________________
Dates of: Last Audited Report 8/31/2001 Unaudited Report 2/28/2002
Estimated Cost to get reporting current $50,000 Who pays? Present management will not pay
BALANCE SHEET (DATE) 2/28/2002 Note: Stated for subsidiary. Present management will divest subsidiary resulting in zero assets and zero liabilities. All figures are rounded dollars.
|Other current 218,000 accounts rec||Current 1,090,000|
|Fixed 166,800||Long Term -0-|
|Total Assets 380,000||Total Liab. 1,090,000|
Plans to settle debt: insiders Will settle for common shares. Others n/a
Disposition of operating assets Full divestiture of only operating subsidiary. Present management leaving to operate.
|AUTHORIZED SHARES||OUTSTANDING SHARES|
|Common___100,000,000___ Par_$.001__||Tot. Common 22,000,000|
|Fully diluted Com. 26,000,000 (conv. of pref.)|
Terms for warrant cancellation/exercise or reverse split Warrants being cancelled.
Regulatory Problems, law suits, etc.? none
Terms to purchase control shares Exchange for 100% of an operating business.
Free trading All. New management must register all shares. Restricted N/A
Other desired terms Reverse split is planned.
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