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 $50,000 Who pays? Present management will not pay
BALANCE SHEET (DATE) 2/28/2002 Note: Stated for subsidiary. Present management will divest subsidiary resulting in zero assets and zero liabilities. All figures are rounded dollars.
| Assets | Liabilities |
| Cash (4,800) | |
| Other current 218,000 accounts rec | Current 1,090,000 |
| Fixed 166,800 | Long Term -0- |
| Total Assets 380,000 | Total Liab. 1,090,000 |
Working Capital
Shareholder Equity
Plans to settle debt: insiders Will settle for common shares. Others n/a
Disposition of operating assets Full divestiture of only operating subsidiary.
Present management leaving to operate.
| AUTHORIZED SHARES | OUTSTANDING SHARES |
| Common___100,000,000___ Par_$.001__ | Tot. Common 22,000,000 |
| Fully diluted Com. 26,000,000 (conv. of pref.) | |
| Float 11,640,000 |
Preferred_____40,000,000______Par_____$.001_____
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.
Comments: