SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10Q-SB

[ X ]Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2004 or

[ ] Transitional Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the  transition period from _______________ to ________________.

Commission File No. 0-25388

ABCI HOLDINGS, INC.

(Name of small business issuer in its charter)

_____________________________________________

Delaware	86-0214815
(State or other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification Number)

_____________________________________________

Post Office Box 1688 Solana Beach, California	92075
(Address of Principal Executive Offices)	(Zip Code)
Issuer's Telephone Number	760-230-2300

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [ X ] No [ ]

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [ ]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date: As of August 4, 2004, there were 100,000,000 shares of the Company's common stock issued and outstanding.

Transitional Small Business Disclosure Format:

Yes [ X ] No [ ]

TABLE OF CONTENTS

FORM 10-QSB QUARTERLY REPORT

_________________________

ABCI HOLDINGS, INC.

Section	Heading	Page
Part I	Financial Information
Item 1	Financial Statements	F-1
	Balance Sheet as of September 30, 2004 (Unaudited) and December 31, 2003 (Audited)	F-2
	Statement of Operations for the three and nine months ended September 30, 2004 and 2003	F-3 F-4
	Statement of Cash Flows (Unaudited) from January 1, 2004 to September 30, 2004, and the comparative period for Fiscal Year 2003	F-5
	Notes to Financial Statements	F-6 - F-9
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	1
Item 3	Controls and Procedures	2
Part II	Other Information
Item 1	Legal Proceedings	3
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	3
Item 3	Defaults Upon Senior Securities	3
Item 4	Submission of Matters of a Vote to Security Holders	3
Item 5	Other Information	4
Item 6	Exhibits and Reports on Form 8-K	5
	Signatures	6

ABCI Holdings, Inc.

Financial Statements

September 30,  2004

________________________________

CONTENTS

________________________________

Balance Sheet	F-2
Statement of Operations
At Three Months	F-3
At Nine Months	F-4
Statement of Cash Flows	F-5
Notes to Financial Statements	F-6 - F-9

F-1

ABCI HOLDINGS, INC.

BALANCE SHEET

September 30 (unaudited) and December 31, (Audited)	2004			2003
Assets
Current assets
Cash	$	-		$	-
Total current assets		-			-
Total Assets	$	-		$	-
Liabilities and Stockholders' Deficit
Current Liabilities
Accounts payable	$	57,880		$	22,903
Accrued liabilities		15,000			187,987
Demand notes		59,500			57,500
Convertible debentures		25,000			25,000
Total Current Liabilities		157,380			293,390
Long Term Liabilities		-			-
Total Liabilities		157,380			293,390
Stockholders' Deficit
Convertible Preferred Stock, $.001 par value, 10,000,000
authorized, no shares issued and
outstanding at September 30, 2004 and December 31, 2003.		-			-
Common Stock, $.0001 par value, 100,000,000
shares authorized,100,000,000 and 41,692,056 issued and
outstanding at September 30, 2004 and December 31, 2003.		10,000			4,169
Additional paid in capital		21,093,017			20,877,185
Accumulated deficit		(21,260,398	)		(21,174,745	)
Total Stockholders' Deficit		(157,380	)		(293,390	)
Total Liabilities and Stockholders' Deficit	$	-		$	-

See accompanying notes to interim financial statements

F-2

ABCI HOLDINGS, INC.

STATEMENT OF OPERATIONS

	Period from			Period from
	July 1, 2004 to			July 1, 2003 to
	September 30,2004			September 30, 2003
	(unaudited)			(unaudited)
Sales	$	-		$	-
Cost of sales		-			-
Gross profit		-			-
Operating expenses
Professional and consulting		17,000			13,000
Total operating expenses		17,000			13,000
Loss from operations		(17,000	)		(13,000	)
Other income (expense)
Interest expense		(225	)		-
Total other income (expense)		(225	)		-
Net loss	$	(17,225	)	$	(13,000	)
Loss Per Share- Basic and Diluted		(0.0003	)		(0.0007	)
Weighted Average Shares Outstanding		66,293,283			18,886,889

See accompanying notes to interim financial statements

F-3

ABCI HOLDINGS, INC.

STATEMENT OF OPERATIONS

	Period from			Period from
	January 1, 2004 to			January 1, 2003 to
	September 30, 2004			September 30, 2003
	(unaudited)			(unaudited)
Sales	$	-		$	-
Cost of sales		-			-
Gross profit		-			-
Operating expenses
General and administrative		23,353			5,000
Professional and consulting		61,850			199,127
Office occupancy and supplies		-			600
Total operating expenses		85,203			204,727
Loss from operations		(85,203	)		(204,727	)
Other income (expense)
Interest expense		(450	)		(1,150	)
Other income		-			88,363
Total other income (expense)		(450	)		87,213
Net loss	$	(85,653	)	$	(117,514	)
Loss Per Share- Basic and Diluted		(0.0013	)		(0.0062	)
Weighted Average Shares Outstanding		66,293,283			18,886,889

See accompanying notes to interim financial statements

F-4

ABCI HOLDINGS, INC.

STATEMENT OF CASH FLOW

	January 1, 2004			January 1, 2003
	to			to
	September 30, 2004			September 30, 2003
	(unaudited)			(unaudited)
Cash flows from operating activities:
Net loss	$	(85,653	)	$	(117,514	)
Adjustments to reconcile net loss to
net cash used by operating activities:
Interest paid with stock		-			1,150
Liquidiation of payroll tax		-			(500	)
Gain on extinguishment of debt		-			(88,363	)
Stock issued for expenses		43,450			-
Increase (decrease) in liabilities:
Accrued liabilities		40,203			192,727
Net cash used by operating activities		(2,000	)		(12,500	)
Cash flows from investing activities:
Net cash used by investing activities		-			-
Cash flows from financing activities:
Loan proceeds		2,000			12,500
Net cash provided by financing activities		2,000			12,500
Net increase in cash		-			-
Cash at beginning of year		-			-
Cash at end of year	$	-		$	-
Supplemental disclosures of cash flow information:
Cash paid for:
Interest	$	-		$	-
Income taxes	$	-		$	-
Noncash investing and financing activities
Stock issued for debt	$	178,212		$	1,810,075
Stock issued for expenses	$	43,450		$	1,150

See accompanying notes to interim financial statements

F-5

ABCI HOLDINGS, INC.

Notes to Financial Statements

NOTE 1--ORGANIZATION AND OPERATIONS

Organization

ABCI Holdings, Inc. ("ABCI" or "Company"), formerly known as One Class Synergy Corporation, was incorporated in the State of Delaware in 1967.

In August of 2001, the Company completed a reverse acquisition into One Class Synergy Corporation, which is currently trading on the OTCBB. Subsequently, One Class Synergy Corporation changed the name to ABCI Holdings, Inc. Before the merger with One Class Synergy Corporation, the Company was named American Boardsports Company, Inc.

Operations

During 2002 and prior years, the Company planned to manufacture and distribute skateboards, wakeboards, snowboards, related clothing and accessories primarily to specialty retail outlets in the United States and in 13 foreign countries. The Company manufactured and/or assembled its products from components acquired from suppliers in North America. Products were marketed with the Company's own trade names, such as "Thruster," "Revelation," "Human," "Republic," and "Enemy."

On January 14, 2003 Thomas N. Carter resigned as Chief Executive Officer and Chairman of the Board. Mr. Mark Baum, Attorney at Law, was elected to serve as the interim CEO and Board Chairman. All existing operations of ABCI Holdings, Inc., including the web site, have been discontinued, and the resignation of Floyd Ryan, the Company’s president, was received.

NOTE 2--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As reported in the financial statements, ABCI has incurred a recurring loss of $21,260,398 from inception through September 30, 2004. As of that date, the Company’s current liabilities exceeded its current assets by $157,380. These factors create uncertainty about the Company’s ability to continue as a going concern. The ability of ABCI to continue as a going concern is dependent on the Company obtaining adequate capital funding. Accordingly, the financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amount and classification of liabilities or other adjustments that might be necessary should we be unable to continue in business.

Unaudited Interim Financial Information

The accompanying interim balance sheet as of September 30, 2004 and the statements of operations and of cash flow for the three and nine month periods ended September 30, 2004 and 2003, together with the related notes are unaudited and, in the opinion of management, include all normal recurring adjustments that the Company considers necessary. Certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. A more complete description of accounting policies and disclosures is included in the Company’s annual report on Form 10-KSB.

The results of operations for the three and nine months ended September 30, 2004 are not necessarily indicative of operating results to be expected for the full year.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management are among others, realization of long-lived assets and deferred taxes.

F-6

ABCI HOLDINGS, INC.

Notes to Financial Statements

Income Taxes

The Company utilizes Statement of Financial Accounting Standards (“SFAS”) No. 109, Accounting for Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates

applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

Net Loss Per Share

Income (loss) per common share is computed on the weighted average number of common shares outstanding during each year. Basic EPS is computed as net income (loss) divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants and other convertible securities when the effect would be dilutive.

Fair Value of Financial Instruments

SFAS No. 107, Disclosure about Fair Value of Financial Instruments, requires certain disclosures regarding the fair value of financial instruments. For certain of the Company's financial instruments, including cash, accounts payable and accrued liabilities, the carrying amounts approximate fair value due to their short maturities.

Accounting for Stock-Based Compensation

SFAS No. 123, Accounting for Stock-Based Compensation, prescribes a fair value method of accounting for stock based compensation plans and for transactions in which stock options or other equity instruments are exchanged for goods or services. Accordingly, the fair value of the equity instruments is used to account for the payment of services rendered. The cost of stock-based compensation is measured at the grant date on the value of the award and recognizes this cost over the service period. The value of the stock-based award is determined using a pricing model whereby compensation cost is the excess of the fair market value of the stock as determined by the model at grant date or other measurement date over the amount an employee must pay to acquire the stock.

Reclassification

Certain 2003 amounts have been reclassified to conform with the 2004 presentation. The Company reclassifed $10,000 from accrued liabilities to accounts payable as of December 31, 2003.

NOTE 3--CONVERTIBLE DEBENTURES PAYABLE

As of December 31, 2001, the Company had issued $1,354,000 of short-term convertible promissory notes, and assumed $175,000 of convertible debt, through the merger with One Class Synergy. All of the short-term convertible promissory notes were converted to common stock by March 31, 2002. During the first quarter of 2003, $150,000 of convertible debt was converted to common stock.

F-7

ABCI HOLDINGS, INC.

Notes to Financial Statements

NOTE 4 -- CAPITAL STRUCTURE

Preferred Stock

The Board of Directors has the authority to issue preferred stock and to fix and determine its series, relative rights and preferences. As of the September 30, 2004 and December 31, 2003, no classes of preferred stock were declared, issued or outstanding.

Common Stock

The holders of common stock have one vote per share on all matters, including the election of directors, without provisions for cumulative voting. The common stock is not redeemable and has no conversion or preemptive rights.

During the quarter ended March 31, 2003 the Company issued 7,005,450 shares of common stock for the liquidation of debt equaling $1,810,075.

During April 2004, the Company filed a Form S-8 “Registration Statement” registering 10,000,000 common shares under the 2004 Stock Incentive Plan (Note 5).

During the quarter ended June 30, 2004, the Company issued 7,100,000 shares of common stock to various individuals and companies for services rendered. Also during the quarter ended September 30, 2004, the Company entered into a debt settlement agreement with The Baum Law Firm (Note 6) to exchange all then existing debts in consideration for 51,207,944 shares of the Company’s common stock.

NOTE 5-- STOCK COMPENSATION PLANS

During January 2003, the Company adopted the 2001-2002 Consultants Stock Option Plan (the “Plan”). The Plan authorizes the Board and/or designed committee to grant options to certain qualifying consultants. The aggregate number of option shares cannot exceed 3,000,000. The stock options granted under the Plan may be of two types: (i) incentive stock options and (ii) non-qualified stock options. The option price per share of stock under the Plan will be determined by the Board and/or Committee at the time of grant but shall not, (i) in the case of non-qualified stock options, be less than 75 percent of the fair market value of the stock on such date, and (ii) in any event, be less than the par value of the stock. If an individual with more than 10 percent of the combined voting power of all classes of stock of the Company or any Parent Corporation and an incentive stock option is granted, the option price shall be no less than 110 percent of the fair market value of the stock on the date granted. Options granted and not exercised within 10 years will expire. To the extent that the aggregate fair market value of shares of stock with respect to which incentive stock options granted under this Plan become exercisable for the first time during the calendar year exceeds $100,000, such stock options would be treated as non-qualified stock options. As of September 30, 2004 and December 31, 2003, no options have been granted under the Plan.

During April 2002, the Company adopted the 2002 Professionals Stock Compensation Plan. The Plan authorizes the Board and/or a designated committee to grant options to certain qualifying consultants. The aggregate number of option shares cannot exceed 500,000. The stock options granted under the Plan may be of two types: (i) incentive stock options and (ii) non-qualified stock options. The option price per share of stock under the Plan will be determined by the Board and/or Committee at the time of grant but shall not, (i) in the case of non-qualified stock options, be less than 75 percent of the fair market value of the stock on such date, and (ii) in any event, be less than the par value of the stock. If an individual with more than 10 percent of the combined voting power of all classes of stock of the Company or any Parent Corporation and an incentive stock option is granted, the option price shall be no less than 110 percent of the fair market value of the stock on the date granted. Options granted and not exercised within 10 years will expire. To the extent that the aggregate fair market value of shares of stock with respect to which incentive stock options granted under this Plan become exercisable for the first time during the calendar year exceeds $100,000, such stock options will be treated as non-qualified stock options. As of September 30, 2004 and December 31, 2003, no options have been granted under the Plan.

F-8

ABCI HOLDINGS, INC.

Notes to Financial Statements

During September 2003, the Company adopted a 2003 Stock Incentive Plan, whereby certain individuals receive stock options to stimulate their involvement and continued involvement in the Company. On September 17, 2003, the Company registered for considerations to employees, officers, directors or consultants 10,000,000 shares of the Company’s common stock for services rendered and / or to be rendered and payments made under the 2003 Stock Incentive Plan. As of September 30, 2004 and December 31, 2003, no stock options have been granted under the plan.

During April 2004, the Company adopted a 2004 Stock Incentive Plan, whereby certain individuals receive stock options to stimulate their involvement and continued involvement in the Company. On April 13, 2004, the Company registered for considerations to employees, officers, directors or consultants 10,000,000 shares of the Company’s common stock for services rendered and / or to be rendered and payments made under the 2004 Stock Incentive Plan. As of September 30, 2004 and December 31, 2003, no stock options have been granted under the plan.

NOTE 6--RELATED PARTY TRANSACTIONS

The Company satisfied $369,126 due to a shareholder during the quarter ended March 31, 2003 through the issuance of 2,000,000 shares of the Company’s common stock.

The Baum Law Firm ("TBLF") has been engaged for 12 months to consult to the Company. As of March 31, 2004, TBLF has spent approximately 650 hours of billable time (at USD $275.00 per hour) engaging in efforts to liquidate assets of the Company and to settle lawsuits and various Company obligations.

As of March 31, 2004, the Company had accrued $178,000 of legal fees due The Baum Law Firm, which is owned by Mark Baum, the Company’s CEO and Chairman.

During April 2004, TBLF agreed to convert all of its debt with the Company into common shares. The conversion all of the TBLF debt caused TBLF to gain voting control of the Company.

During the quarter ended September 30, 2004, Mr. Baum advanced the Company $2,000. This advance will accrue interest at a rate of 4 percent.

NOTE 7--LITIGATION

The Company is not a party to any material pending legal proceedings and, to the best of its knowledge, no such action by or against the Company has been threatened.

F-9

Item 2.Management's Discussion and Analysis of Operations

Plan of Operation

A.  General Disclosures

There is a substantial likelihood that the Company will engage in a reverse-split of its common stock in order to reduce the number of shares issued and outstanding and to make the Company more attractive to a potential merger candidate. A reverse split may significantly alter the interests of those current or potential shareholders.

Additionally, the market price of the Company’s common stock has fluctuated and is likely to continue to dramatically fluctuate on a percentage increase/decrease basis. These fluctuations may be exaggerated because the trading volume of its common stock is volatile. These fluctuations may not be based upon any business or operating results. In other words, any purchase of the Company's shares by any party is likely based on speculation only and not on any fundamental operational business activity.

As the current board of directors of the Company seeks to add value (through a merger and/or acquisition), this may involve and will likely result in some change in control of the Registrant. Should an acquisition take place, the likely result would be that the Company would issue additional equity or debt in exchange for the acquired interests. This may result in a transfer of control of this issuer to the acquisition target company or ownership group.

Capital formation issues for the future of this Registrant would arise only when the targeted business or assets have been identified. Until such time, this Registrant has no basis upon which to propose any substantial infusion of capital from sources outside of its circle of affiliates.

B.  Plan of Operation Going Forward

1.Short Term Goals

· Continue to reduce the liabilities of the Company

· Explore the possibilities of starting a new operating business

2. Long Term Goals

· Any long term objectives will be defined by Management's ability to execute on acquiring or starting a new business within the Company

The Company is currently not operating.

All employees have been dismissed.

The Company currently owns no intellectual property of any kind, including patents or trademarks.

Quantitative and Qualitative Disclosures about Market Risk

We face exposure to fluctuations in the price of our common stock due to the very limited cash resources we have. For example, the Company has very limited resources to pay legal and accounting professionals. If we are unable to pay a legal or accounting professional in order to perform various professional services for the company, it may be difficult, if not impossible, for the Company to maintain its reporting status under the '34 Exchange Act. If the Company felt that it was likely that it would not be able to maintain its reporting status, it would make a disclosure by filing a Form 8-K with the SEC. In any case, if the Company was not able to maintain its reporting status, it would become "delisted" and this would potentially cause an investor or an existing shareholder to lose all or part of his investment.

The Company does not anticipate any contingency upon which it would voluntarily cease filing reports with the SEC, even though it may cease to be required to do so. It is in the compelling interest of the Company to report its affairs quarterly, annually and currently, as the case may be, generally to provide accessible public information to interested parties, and also specifically to maintain its qualification for the OTCBB, if and when the Registrant's intended application for submission is effective.

C. Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, the Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term "off-balance sheet arrangement" generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Company is a party, under which the Company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

Forward-Looking Statements

The foregoing discussion, as well as the other sections of this Quarterly Report on Form 10-QSB, contains forward-looking statements that reflect the Company's current views with respect to future events and financial results. Forward-looking statements usually include the verbs "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "understands" and other verbs suggesting uncertainty. The Company reminds shareholders that forward-looking statements are merely predictions and therefore inherently subject to uncertainties and other factors which could cause the actual results to differ materially from the forward-looking statements. Potential factors that could affect forward-looking statements include, among other things, the Company's ability to identify, produce and complete film projects that are successful in the marketplace, to arrange financing, distribution and promotion for these projects on favorable terms in various markets and to attract and retain qualified personnel.

1

Item 3. Controls and Procedures

Evaluation of disclosure controls and procedure

Under the supervision and with the participation of our management, currently consisting of Mark L. Baum, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures within 90 days of the filing date of this quarterly report, and based on their evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective in timely alerting them to material information relating to the Company required to be included in the Company’s periodic SEC filings. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation.

Disclosure controls and procedures are the controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Controls

There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of evaluation by our principal executive officer and principal financial officer.

2

Part II.

Other Information

Item 1.  Legal Proceedings

None.

Item 2. Changes in Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

3

Item 5.Other Information

a. Specific Pre-January 15, 2003 Liabilities

i. On July 18, 1999, the Company issued a Convertible Note with an investor (“Investor”) under which Investor would be repaid in full upon demand within one year or Investor had the exclusive right to convert the note into 64,935 pre-reverse split shares of the Company’s common stock. On November 6, 2000, Investor requested payment of the Note, as of the date hereof the debt has not been retired and no further communication has been received, from Investor regarding the resolution of this matter. At the present time the Company has no intention of entering into or settling the debt. The Company believes that the statute of limitations on this claim will toll July 18, 2005.

ii. Although the Company's has not received a recent billing statement, the Company believes that it's former counsel, Kennan Kaeder is owed an amount equal to less than USD $20,000.00. This debt has been owed since at least June 15, 2001, the date of the last billing statement from Mr. Kaeder's office. In a previously executed resolution, the Company board of directors resolved that it would be in the best interests of the Company to convert this debt into common shares of the Company's stock in order to effect a resolution and settlement of this liability. For the purposes of accounting for this liability, the Company has booked this liability as a $20,000.00 obligation.

iii. There is an existing judgment against the Company issued in the favor of Branfman & Associates in the amount of $2,000.00. Statutory interest continues to accrue on this obligation. In a previous resolution, the Company board of directors resolved that it would be in the best interests of the Company to convert this debt into common shares of the Company's stock in order to effect a resolution and settlement of this liability.

iv. Although the Company does not have a copy of the judgment in its records, the Company does believe that on June 12, 2002, a judgment was entered against the Company in favor of Northern Trust Bank in the amount of USD $21,653.80. This debt was incurred from the non-payment of lease that was entered into by previous ABCI management. In a previously executed resolution, the Company board of directors resolved that it would be in the best interests of the Company to convert this debt into common shares of the Company's stock in order to effect a resolution and settlement of this liability.

v. On February 15, 2001, the Company executed a promissory note with an investor in the amount of $25,000.00. The Company believes that the interest rate on the note was illegal and in violation of California usury laws. However, the Company does believe that it is obligated to the noteholder for an amount equal to the principal plus a reasonable statutory rate of interest. In a previously executed resolution, the Company board of directors resolved that it would be in the best interests of the Company to convert this debt into common shares of the Company's stock in order to effect a resolution and settlement of this liability.

4

Item 6. Exhibits and Reports Filed on Form 8-K:

(a) Exhibits (numbered in accordance with Item 601 of Regulation S-B)

3.1     Certificate and Articles of Incorporation (1)

3.2    Amendment to Articles of Incorporation (2)

3.3          Amendment to Articles of Incorporation (3)

3.4          Bylaws of Registrant (1)

31.1**    Certification of Chief Executive Officer Pursuant to Section 302

31.2**    Certification of Chief Financial Officer Pursuant to Section 302

32.1**    Certification of Chief Executive Officer Pursuant Section 906

32.2**    Certification of Chief Financial Officer Pursuant Sections 906    

(1)     Filed with the Securities and Exchange Commission in the Exhibits to Form 10-SB,

filed in January 1995 and are incorporated by reference herein.

(2)     Filed with the Securities and Exchange Commission in the Exhibits to Form 8-K

dated November 23, 1998, and incorporated herein by reference.

(3)     Filed with the Securities and Exchange Commission in the Exhibits to Form 10-KSB

for the fiscal year ended December 31, 1998 and are incorporated herein by reference.

** Filed herewith.

(b) Forms 8-K

There were no reports on Form 8-K filed during the quarter ended Spetember 30, 2004.

5

ABCI Holdings Inc.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ABCI HOLDINGS INC. (Registrant)
Date:  November 4, 2004	By:	/s/ Mark Baum
	Mark L. Baum
	Chairman of the Board of Directors, CEO and CFO
	(Principal Accounting Officer)

6