-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IAQlinA6ZAbEbiG/J3+PKqzE0MzTtlnUHHscmdUy0SnFfL2ID+ZLZU4R0pQaCYp0 7TwTZsJ+Wb7VYNsUYpW35g== 0000000000-05-030840.txt : 20060919 0000000000-05-030840.hdr.sgml : 20060919 20050617181747 ACCESSION NUMBER: 0000000000-05-030840 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050617 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED ID CORP CENTRAL INDEX KEY: 0001005356 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 460439668 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 6143 -- 4TH STREET SE, SUITE 14 CITY: CALGARY STATE: A0 ZIP: T2H 2H9 BUSINESS PHONE: 403-264-6300 MAIL ADDRESS: STREET 1: 6143 -- 4TH STREET SE, SUITE 14 CITY: CALGARY STATE: A0 ZIP: T2H 2H9 FORMER COMPANY: FORMER CONFORMED NAME: USA SUNRISE BEVERAGES INC DATE OF NAME CHANGE: 19980929 LETTER 1 filename1.txt June 6, 2005 Mail Stop 0610 Barry Bennett Chief Executive Officer Advanced ID Corporation 6143-4 Street SE, Suite 14 Calgary, Alberta Canada T2H 2H9 Re: Advanced ID Corporation Amended Preliminary Proxy Statement on Schedule 14A Filed May 19, 2005 File No. 0-24965 Dear Mr. Bennett: This is to advise you that we have reviewed only the narrative portions of the above filing and have not conducted an accounting review of any of your company`s financial statements. We have the following comments on your filing. We anticipate at this time that no further review of your proxy statement will be made other than a review of your responses to these comments. Note that we may have further comments on these issues. All persons who are by statute responsible for the adequacy and accuracy of the filing are urged to be certain that all required information has been included. Please understand that the purpose of our review process is to assist you in your compliance with the applicable disclosure requirements and to enhance the overall disclosure in your filing. We look forward to working with you in these respects. We welcome any questions you may have about our comments or any other aspect of our review. Feel free to call us at the telephone numbers listed at the end of this letter. General 1. Please provide all of the disclosures required by Item 7 of Regulation 14A, including the following: * The information regarding the company`s director nomination process required by Item 7(d)(2)(ii). Please note that the term "nominating committee" refers to any body performing the functions of a nominating committee, including the entire board of directors. * The disclosures regarding board member attendance at annual meetings required by Item 7(h)(3). Information About Directors and Executive Officers The Executive Officers 2. Please tell us why Bill Hoffman, as Vice President of Business Development, has not been included as an executive officer. 3. Please revise to include a summary of the material terms of the employment agreements with each of your executive officers. Discussion of Proposals by the Board Proposal 1: Election of Directors 4. Please tell us why cumulative voting is not required under Article 17, Section 5 of the South Dakota Constitution. If cumulative voting is permitted, please revise to provide appropriate disclosure regarding the nature, procedures for exercise and effect of those cumulative voting rights. Proposal 3: Change Domicile to Nevada 5. We note your response to comment 12, including your statement that the change in domicile to Nevada "will be accomplished by completing the requisite documentation" and "will not be accomplished through a merger or acquisition..." Please revise to further clarify how the change in domicile will be accomplished. For example, since a South Dakota corporation and a Nevada corporation are separate and distinct legal entities, it is unclear how a South Dakota corporation can become a Nevada corporation simply by completing "the requisite documentation." 6. We note your response to comment 13, including your statement that you have not included copies of the Nevada charter and bylaws as appendices to the proxy statement because you have not drafted those documents. Please tell us supplementally why you believe shareholders will have sufficient information to make an informed voting decision with respect to the change in domicile to Nevada when the material provisions to be included in those documents have not yet been determined. 7. We note your response to comment 14. Please revise to include a discussion of all provisions of the South Dakota corporation`s charter and bylaws that may have material anti-takeover effects and the extent to which, if at all, those provisions will differ from those to be included in the charter and bylaws of the Nevada corporation. 8. We note your response to comment 16. Please revise to discuss any material federal income tax consequences to shareholders associated with the change in domicile from South Dakota to Nevada. * * * * As appropriate, please revise your proxy statement in response to these comments and to update your disclosure. As required by Rule 14a-6(h), please provide us with marked copies of the revised proxy statement to expedite our review. Please furnish a cover letter with your revised proxy statement that keys your responses to our comments and provides any requested supplemental information. Detailed cover letters greatly facilitate our review. Please understand that we may have additional comments after reviewing your revised proxy statement and responses to our comments. Please contact the undersigned at (202) 942-7924 with any questions. Sincerely, David Ritenour Special Counsel cc (via fax): Jody Walker, Esq. (fax: 303-220-9902) ?? ?? ?? ?? Advanced ID Corporation June 6, 2005 Page 1 -----END PRIVACY-ENHANCED MESSAGE-----