-----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, Ov/WODdvwjwwIcIo6zsy0cHfYw6MzDTE8Akxi1azK1LiBFJJDIdJKNkYOfdqAXOC AAKXLWSzgYdHLq/qKgycTg== 0001162161-08-000036.txt : 20080401 0001162161-08-000036.hdr.sgml : 20080401 20080331181959 ACCESSION NUMBER: 0001162161-08-000036 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20071231 FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALNILAM CORP CENTRAL INDEX KEY: 0001128288 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 912081398 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-32329 FILM NUMBER: 08726762 BUSINESS ADDRESS: STREET 1: 3151 AIRWAY AVENUE STREET 2: SUITE P-3 CITY: COSTA MESA STATE: CA ZIP: 92626 BUSINESS PHONE: 949-644-0095 MAIL ADDRESS: STREET 1: 3151 AIRWAY AVENUE STREET 2: SUITE P-3 CITY: COSTA MESA STATE: CA ZIP: 92626 10QSB 1 alnilam-10qsb_123107.txt FORM 10-QSB DECEMBER 31, 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-QSB (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended December 31, 2007 [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 000-32329 ALNILAM CORPORATION (Exact name of Registrant as specified in charter) NEVADA 91-2081398 State or other jurisdiction of I.R.S. Employer I.D. No. incorporation or organization 3151 AIRWAY AVENUE, SUITE P-3, COSTA MESA, CA 92626 Address of principal executive offices Zip Code Issuer's telephone number, including area code: (949) 644-0095 Check whether the Issuer (1) has filed all reports required to be filed by section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such fling requirements for the past 90 days. (1) Yes [X] No [ ] (2) Yes [X] No [ ] Check whether the registrant is a large accelerated filer, and accelerated filer, a non-accelerated filer, or a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act). Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [X] No [ ] State the number of shares outstanding of each of the Issuer's classes of common equity as of the latest practicable date: At March 26, 2008, there were 500,000 shares of the Registrant's Common Stock outstanding. PART I ITEM 1. FINANCIAL STATEMENTS The condensed financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. In the opinion of the Company, all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the financial position of the Company as of December 31, 2007, and the results of its operations and changes in its financial position from May 10, 2000, through December 31, 2007, have been made. The results of its operations for such interim period are not necessarily indicative of the results to be expected for the entire year. These condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company's annual report on Form 10-KSB for the year ended September 30, 2007. 3 Alnilam Corporation (A Development Stage Company) Balance Sheet (Unaudited) December September 31, 2007 30, 2007 ----------- ----------- ASSETS Current Assets Cash $ - $ - ---------- ---------- Total Current Assets $ - $ - ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable 45,475 44,625 Interest Payable 12,982 12,468 Note Payable - Related Party (Note 4) 20,560 20,560 ---------- ---------- Total Current Liabilities 79,017 77,653 Stockholders' Equity Common Stock Authorized; 100,000,000 Shares at $.001 Par Value; 500,000 Shares Issued and Outstanding 500 500 Capital In Excess of Par Value 9,500 9,500 Deficit Accumulated in the Development Stage (89,031) (87,767) ---------- ---------- Total Stockholders' Equity (79,017) (77,653) ---------- ---------- Total Liabilities & Stockholders' Equity $ - $ - ========== ========== The accompanying notes are an integral part of these financial statements. 4 Alnilam Corporation (A Development Stage Company) Statement of Operations (Unaudited)
Accumulated May 10, 2000 (Inception) For the Three Months Ended through December December December 31, 2007 31, 2006 31, 2007 ---------- ---------- ---------- Revenue $ - $ - $ - --------- --------- --------- Expenses General & Administrative 850 750 76,033 --------- --------- --------- Total Expenses 850 750 76,033 --------- --------- --------- Income (Loss) from Operations (850) (750) (76,033) Other Income (Expenses) Interest Expense (514) (514) (12,984) --------- --------- --------- Total Other Income (Expenses) (514) (514) (12,984) --------- --------- --------- Income (Loss) Before Taxes (1,364) (1,264) (89,017) Taxes - - - --------- --------- --------- Net Income (Loss) $ (1,364) $ (1,264) $ (89,017) ========= ========= ========= (Loss) Per Common Share $ (0.00) $ (0.00) Weighted Average Shares Outstanding 500,000 500,000
The accompanying notes are an integral part of these financial statements. 5 Alnilam Corporation (A Development Stage Company) Statements of Cash Flows (Unaudited)
Accumulated May 10, 2000 (Inception) For the Three Months Ended through December 31 December 2007 2006 31, 2007 ---------- ---------- ---------- Net Cash Provided by Operating Activities Net (Loss) $ (1,364) $ (1,264) $ (89,017) Changes in Operating Assets & Liabilities; Increase in Accounts/Interest Payable 1,364 1,264 58,457 Increase in Stock Issued for Services - - 2,635 --------- --------- --------- Net Cash (Used) by Operating Activities - - (27,925) Net Cash Provided by Investing Activities - - - --------- --------- --------- Net Cash Provided by Financing Activities Issuance of Note Payable for Cash - - 20,560 Stock Issued for Cash - - 7,365 --------- --------- --------- Net Cash Provided by Financing Activities - - 27,925 --------- --------- --------- Net Increase (Decrease) in Cash - - - Cash at Beginning of Year or Period - - - --------- --------- --------- Cash at End of Year or Period $ - $ - $ - ========= ========= ========= Supplemental Disclosures Interest $ - $ - $ - Taxes - - -
The accompanying notes are an integral part of these financial statements. 6 Alnilam Corporation (A Development Stage Company) Notes to Financial Statements December 31, 2007 (Unaudited) NOTE 1 - COMPANY ORGANIZATION Alnilam Corporation (the "Company") was incorporated under the laws of the state of Nevada on May 10, 2000, as Alnilam Corporation for the purpose of seeking and consummating a merger or acquisition with a business entity organized as a private corporation, partnership, or sole proprietorship. The Company is a development stage company as defined in SFAS No. 7. It is concentrating substantially all of its efforts in raising capital and developing its business operations in order to generate significant revenues. NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents - The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Income (Loss) Per Share - The Computation or income or (loss) per shares of common stock is based on weighted average number of shares outstanding at the date of the financial statements. Use of Estimates - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. NOTE 3 - INCOME TAXES The Company adopted Statement of Financial Standards No. 109 "Accounting for Income Taxes" in the fiscal year ended September 30, 2001. Statement of Financial Accounting Standards No. 109 "Accounting for Income Taxes" requires an asset and liability approach for financial accounting and reporting for income tax purposes. This statement recognizes (a) the amount of taxes payable or refundable for the current year and (b) deferred tax liabilities and assets for future tax consequences of events that have been recognized in the financial statements or tax returns. 7 Alnilam Corporation (A Development Stage Company) Notes to Financial Statements December 31, 2007 (Unaudited) NOTE 3 - INCOME TAXES (continued) Deferred income taxes result from temporary differences in the recognition of accounting transactions for tax and financial reporting purposes. There were no temporary differences at December 31, 2007, and earlier years, no deferred tax liabilities have been recognized. The Company has cumulative net operating loss carryforwards of approximately $89,000 at December 31, 2007. No effect has been shown in the financial statements for the net operating loss carryforwards as the likelihood of future tax benefit from such net operating loss carryforwards is not presently determinable. Accordingly, the potential tax benefits of the net operating loss carryforwards, estimated based upon current tax rates at December 31, 2007, have been offset by valuation reserves in the same amount. The net operating losses begin to expire in 2020. NOTE 4 - NOTE PAYABLE RELATED PARTY The Company has issued promissory notes totaling $20,560 to corporations for which our President and sole director is an officer or director. The notes are unsecured and carry interest rates of 10% per annum. The principal and interest of the notes are due and payable upon demand. As of December 31, 2007, the accrued interest was $12,982. The Company has the following note payable obligations: December 31, 2007 ---------- Related party notes payable, due on demand accruing interest at a rate of 10% per annum $ 20,560 -------- Total 20,560 Less Current Maturities (20,560) -------- Total Long-Term Notes Payable $ - ======== NOTE 5 - NEW TECHNICAL PRONOUNCEMENTS In September 2006, FASB issued SFAS No. 157, "Fair Value Measurements," which is effective for calendar year companies on January 1, 2008. The statement defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and expands disclosures about fair value measurements. The statement codifies the definition of 8 Alnilam Corporation (A Development Stage Company) Notes to Financial Statements December 31, 2007 (Unaudited) NOTE 5 - NEW TECHNICAL PRONOUNCEMENTS (continued) fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The standard clarifies the principle that fair value should be based on the assumptions market participants would use when pricing the asset or liability and establishes a fair value hierarchy that prioritizes the information used to develop those assumptions. The Company does not anticipate that the adoption of this statement will have a material effect on its financial condition or operations. In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans an amendment of FASB Statements No. 87, 88, 106 and 132 (R)" ("SFAS No. 158"). SFAS 158 requires an employer to recognize the funded status of a defined benefit postretirement plan as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through comprehensive income. The funded status of a benefit plan is defined as the difference between the fair value of the plan assets and the plans benefit obligation. For a pension plan the benefit obligation is the projected benefit obligation and for any other postretirement benefit plan, such as a retiree health care plan, the benefit obligation is the accumulated postretirement benefit obligation. SFAS No. 158 requires an employer to recognize as a component of other comprehensive income, net of tax, the gains and losses and prior service costs or credits that arise during the period but that are not recognized as components of net periodic benefit costs pursuant to SFAS No. 87. SFAS No. 158 also requires an employer to measure the funded status of a plan as of the date of its year-end. Additional footnote disclosure is also required about certain effects on net periodic benefit cost for the next year that arise from the delayed recognition of gains or losses, prior service costs or credits, and transition asset or obligation. Except for the year-end measurement requirement, SFAS No. 158 is effective for the year ending September 30, 2007. The Company does not anticipate that the adoption of this statement will have a material effect on its financial condition or operations. In February 2007, the FASB issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities." SFAS No. 159 provides companies with an option to report selected financial assets and liabilities at fair value and establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement attributes for similar types of assets and liabilities. SFAS No. 159 is effective for fiscal years beginning after November 15, 2007. The Company does not anticipate that the adoption of this statement will have a material effect on its financial condition or operations. 9 NOTE 6 - GOING CONCERN The Company has had recurring operating losses since inception and is dependent upon financing to continue operations. These factors indicate that the Company may be unable to continue in existence. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue its existence. These financial statements do not include any adjustments that might result from the outcome of this uncertainty. It is the intent of the Company to find additional capital funding and/or a profitable business venture to acquire or merge. NOTE 7 - REVERSE STOCK SPLIT On February 7, 2005, the Board of Directors approved a resolution to effect a one-for-two reverse split of the Company's issued and outstanding shares of common stock. The shareholders approved the reverse stock split on February 8, 2005. The effective date was March 21, 2005. Each share of common stock issued and outstanding immediately prior to the effective date was reclassified as and changed into one-half of one share of common stock. These financial statements reflect the stock split. The common stock issued pursuant to the reverse stock split is fully paid and non-assessable. The respective relative voting rights and other rights that accompany the common stock were not altered by the reverse stock split, and the common stock continues to have a par value of $0.001 per share. Consummation of the reverse stock split did not alter the number of our authorized shares of common stock, which remains at 100,000,000 shares. NOTE 8 - EARNINGS PER SHARE The computation of earnings (loss) per share of common stock is based on the weighted average number of shares outstanding at the date of the financial statements. The Company did not have any potentially dilutive options or warrants at December 31, 2007 and 2006. For the Three Months Ended Basic/Full Diluted Earnings per Share: December 31, 2007 2006 -------- -------- Income (loss) (numerator) (1,364) (1,264) Shares (denominator) 500,000 500,000 Per Share Amount $(.00) $(.00) 10 ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION The Company is a development stage company. Since its inception, the Company has had no operations. The Company was organized for the purpose of engaging in any lawful activity permitted under Nevada state law; however, the Company does not have any significant cash or other material assets, nor does it have an established source of revenues sufficient to cover operating costs and to allow it to continue as a going concern. The Company intends to take advantage of any reasonable business proposal presented which management believes will provide the Company and its stockholders with a viable business opportunity. The board of directors will make the final approval in determining whether to complete any acquisition, but may submit the proposal to the shareholders for final approval. The original shareholders contributed a total of $10,000 in cash and services as capital contributions for stock of the Company. Since inception, the Company has borrowed funds from corporations related to the Company for operating expenses. Management estimates that the cash requirements for the year ending September 30, 2008, will be approximately $5,000, if no change in operations occurs during the year. Management anticipates that any additional needed funds will be loaned to the Company on the same or similar terms as those of other loans to the Company. There are no agreements with any of the companies and no assurance that all or a portion of these funds will be loaned to the Company. If the Company is unable to borrow such funds, management will seek other sources of funding which are currently unknown to management. There is no assurance that such funding will be available, or that if it is made available, it could be obtained on terms favorable to the Company. The investigation of specific business opportunities and the negotiation, drafting, and execution of relevant agreements, disclosure documents, and other instruments will require substantial management time and attention and will require the Company to incur costs for payment of accountants, attorneys, and others. If a decision is made not to participate in or complete the acquisition of a specific business opportunity, the costs incurred in a related investigation will not be recoverable. Further, even if an agreement is reached for the participation in a specific business opportunity by way of investment or otherwise, the failure to consummate the particular transaction may result in the loss to the Company of all related costs incurred. Currently, management is not able to determine the time or resources that will be necessary to locate and acquire or merge with a business prospect. There is no assurance that the Company will be able to acquire an interest in any such prospects, products, or opportunities that may exist or that any activity of the Company, regardless of the completion of any transaction, will be profitable. If and when the Company locates a business opportunity, management of the Company will give consideration to the dollar amount of that entity's profitable operations and the adequacy of its working capital in determining the terms and conditions under which the 11 Company would consummate such an acquisition. Potential business opportunities, no matter which form they may take, will most likely result in substantial dilution for the Company's shareholders due to the likely issuance of stock to acquire such an opportunity. Off-Balance Sheet Arrangements Management does not believe the Company has any off-balance sheet arrangements that have, or are reasonable likely to have, a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources which would be material to investors. ITEM 3. CONTROLS AND PROCEDURES Evaluation of disclosure and controls and procedure With the participation of management the Company's chief executive officer and chief financial officer have evaluated the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this quarterly report. Based on that evaluation the chief executive officer and chief financial officer have concluded that the Company's disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and are operating in an effective manner. Changes in internal controls There were no changes in the Company's internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting. It should be noted that any system of controls, however well designed and operated, can provide only reasonable and not absolute assurance that the objectives of the system will be met. In addition, the design of any control system is based in part upon certain assumptions about the likelihood of future events. Because of these and other inherent limitations of control systems, there is only reasonable assurance that our controls will succeed in achieving their stated goals under all potential future conditions. 12 PART II ITEM 6. EXHIBITS (a) Exhibits. 31.1 Rule 13a-14(a) Certification by Principal Executive Officer 31.2 Rule 13a-14(a) Certification by Principal Financial Officer 32 Section 1350 Certification of Principal Executive Officer and Principal Financial Officer SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Alnilam Corporation Date: March 26, 2008 By: /s/ Eric Bronk Eric Bronk, President and Principal Financial and Accounting Officer 13 EX-31 2 alnilam-exhibit31_1.txt EXHIBIT 31.1 CERTIFICATION Certifications I, Eric Bronk, certify that: 1. I have reviewed this Form 10-QSB for the quarter ended December 31, 2007, of Alnilam Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report; 4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and c. Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; 5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions): a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting. Date: March 26, 2008 /s/ Eric Bronk Eric Bronk, President (Principal executive officer) EX-31 3 alnilam-exhibit31_2.txt EXHIBIT 31.2 CERTIFICATION Certifications I, Eric Bronk, certify that: 1. I have reviewed this Form 10-QSB for the quarter ended December 31, 2007, of Alnilam Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report; 4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and have: a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b. Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and c. Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; 5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions): a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting. Date: March 26, 2008 /s/ Eric Bronk Eric Bronk, Treasurer (Principal financial officer) EX-32 4 alnilam-exhibit_32.txt EXHIBIT 32 CERTIFICATION CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the quarterly report of Alnilam Corporation (the "Company") on Form 10-QSB for the quarter ended December 31, 2007, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned principal executive officer and principal financial officer of the Company, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company. Date: March 26, 2008 /s/ Eric Bronk Eric Bronk, President and Treasurer (Principal executive officer and principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----