-----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, HIIASiGCJ7KrwuOZdvr3AlXEzeaY8LSMbyh0Gn/O8is00yFwrmyMzEXA+o3iNZju ux+kD/r6KaT0USStHdV/cg== 0001144204-09-025890.txt : 20090513 0001144204-09-025890.hdr.sgml : 20090513 20090513081543 ACCESSION NUMBER: 0001144204-09-025890 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090513 DATE AS OF CHANGE: 20090513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN PARTNERS INC CENTRAL INDEX KEY: 0000811036 STANDARD INDUSTRIAL CLASSIFICATION: [9995] IRS NUMBER: 880222660 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 033-11986-LA FILM NUMBER: 09820588 BUSINESS ADDRESS: STREET 1: 21800 OXNARD STREET STREET 2: SUITE 440 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 BUSINESS PHONE: 8185986780 MAIL ADDRESS: STREET 1: 21800 OXNARD STREET STREET 2: SUITE 440 CITY: WOODLAND HILLS STATE: CA ZIP: 91367 FORMER COMPANY: FORMER CONFORMED NAME: STEINS HOLDINGS INC /NV/ DATE OF NAME CHANGE: 20000308 FORMER COMPANY: FORMER CONFORMED NAME: TELEMALL COMMUNICATIONS INC/NV DATE OF NAME CHANGE: 19960905 FORMER COMPANY: FORMER CONFORMED NAME: VEGAS VENTURES INC DATE OF NAME CHANGE: 19960905 10-Q 1 v148862_10q.htm Unassociated Document

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q


(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2009

OR

o TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934

From the transition period from ___________ to ____________.

Commission File Number 33-11986-LA

CROWN PARTNERS, INC.
(Exact name of small business issuer as specified in its charter)

Nevada 91-2008803
(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.)

9680 West Tropicana Suite 113, Las Vegas, Nevada 89147
(Address of principal executive offices)

  (702) 448-1543
(Issuer's telephone number)

N/A
(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) 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 filing requirements for the past 90 days:                                                   Yes:  x  No: o

Indicate by check mark whether the Company is a large accelerated filer, an accelerated file, non-accelerated filer, or a smaller reporting company.
Large accelerated filer o
Non-accelerated filer o
Accelerated filed o
Smaller reporting company x

Indicate by check mark whether the Company is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes o   No x
 
As of May 13, 2009, there were 54,257,983 shares of Common Stock of the issuer outstanding.
 

TABLE OF CONTENTS
     
   
Page
PART I: FINANCIAL INFORMATION
   
     
Item 1.  Financial Statements (Unaudited)
 
3
Consolidated Balance Sheets as of March 31, 2009 and December 31, 2008
 
3
Consolidated Statements of Operations For the Three Months Ended March 31, 2009 and 2008
 
4
Consolidated Statements of Cash Flows For  the Three Months Ended March 31, 2009 and 2008
 
5
Notes to Financial Statements
 
6
     
Item 2.  Management’s Discussion and Analysis and Plan of Operation
 
10
     
Item 3.  Quantitative and Qualitative Disclosures About Market Risk
 
10
     
Item 4T.  Controls and Procedures
 
10
     
PART II: OTHER INFORMATION
   
     
Item 1.  Legal Proceedings
 
10
     
Item 1A.  Risk Factors
   
     
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds
 
10
     
Item 3.  Defaults upon Senior Securities
 
11
     
Item 4.  Submission of Matters to a vote of Security Holders
 
11
     
Item 5.  Other Information
 
11
     
Item 6.  Exhibits
 
11
     
Signatures
 
12

 

 
CROWN PARTNERS, INC.
CONSOLIDATED BALANCE SHEETS
 (Unaudited)
 
   
March 31,
   
December 31,
 
   
2009
   
2008
 
Assets
           
 Current assets
           
Cash
  $ 5,412     $ 2,943  
Prepaid expenses
    350       350  
                 
Fixed assets
               
Equipment (net)
    37,028       43,373  
                 
 Total Assets
  $ 42,790     $ 46,666  
                 
Liabilities & Stockholders’ Deficit
 
             
Current liabilities
           
Accounts payable and accrued expenses
  $ 36,906     $ 207,039  
Accounts payable - related party
    74,886       113,897  
Advances - other
    22,689       42,689  
Notes payable - related party
    53,860       51,210  
Salaries payable
    4,850       23,000  
Note payable
    15,700       13,700  
Total current liabilities
    208,891       451,535  
                 
Stockholders’ Deficit
 
                 
               
shares authorized, no shares issued and outstanding
    -       -  
Common stock, $.001 par value, 5,000,000,000 shares   
               
authorized, 54,257,983 shares issued and outstanding
    54,258       54,258  
Additional-paid-in-capital
    10,102,647       9,784,368  
Accumulated deficit
    (10,323,006 )     (10,243,495 )
Total stockholders’ deficit
    (166,101 )     (404,869 )
                 
Total Liabilities & Stockholders' Deficit
  $ 42,790     $ 46,666  
 
The accompanying notes are an integral part of the unaudited consolidated financial statements
 
3


CROWN PARTNERS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Month Periods Ended March 31, 2009 and 2008
(Unaudited)
 
   
2009
   
2008
 
             
Service revenue
  $ 9,004     $ 572  
Cost of revenues
    1,364       --  
Gross profit
    7,640       572  
                 
Operating expenses:
               
General and administrative
    263,056       77,862  
Depreciation
    6,345       6,345  
Net loss from operations
    (261,761 )     (83,635 )
                 
Other income (expense):
               
Interest income
    --       189  
Investment/interest expense
    (766 )     (1,075 )
Realized gain on securities
    --       2,772  
Gain on debt forgiveness
    25,175       --  
Gain on sale of non operating subsidiaries
    157,841       --  
Total other income
    182,250       1,886  
                 
Net Loss   $ (79,511 )   $ (81,749 )
                 
Net loss per share (basic and diluted)
  $ (0.00 )   $ (0.00 )
                 
Weighted average shares outstanding (basic and diluted)
    54,257,983       23,757,983  
 
The accompanying notes are an integral part of the unaudited consolidated financial statements
 
4

 
CROWN PARTNERS, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Month Periods Ended March 31, 2009 and 2008
(Unaudited)

   
2009
   
2008
 
CASH FLOWS FROM OPERATING ACTIVITIES
           
Net loss
  $ (79,511 )   $ (81,749 )
Adjustments to reconcile net loss to cash
               
used in continuing operations:
               
Stock issued by subsidiary for services
    225,100       -  
Realized gain on marketable securities
    --       (2,772 )
Depreciation expense
    6,345       6,345  
Gain on debt forgiveness
    (23,856 )     -  
Gain on debt forgiveness by subsidiary
    (1,319 )     -  
Gain on sale of subsidiary
    (157,841 )     -  
Changes in assets and liabilities:
               
Accounts payable and accrued liabilities
    18,883       (5,275 )
Accounts payable - related party
    167       (5,436 )
Purchases of marketable equity securities
    --       (3,660,599 )
Proceeds from sale of marketable equity securities
    --       3,663,372  
Salaries payable
    4,850       --  
Cash flows used in operating activities  
    (7,182 )     (86,114 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
Advances from related parties, net
    (20,000 )     10,309  
Stock sold for cash
    25,000       22,500  
Note payable - related party
    2,650       (10,000 )
Borrowings from third party
    2,000       -  
Cash flows provided by financing activities
    9,650       22,809  
Net increase (decrease) in cash
    2,468       (63,305 )
Cash, beginning of period  
    2,944       180,182  
Cash, end of period  
  $ 5,412     $ 116,877  
                 
                 
Supplemental cash flow information:
               
Interest paid
  $ -     $ -  
Income taxes paid
    -       -  
                 
Common stock issued for accounts payable and accrued liabilities
    29,000       -  
Contribution to capital for write off of intercompany payable to non operating subsidiaries that were disposed of
    39,179       -  
 
The accompanying notes are an integral part of the unaudited consolidated financial statements
 
5

 
CROWN PARTNERS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION

The accompanying unaudited consolidated interim financial statements of Crown Partners, Inc. (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s December 31, 2008 Annual Report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited consolidated financial statements for the most recent fiscal year end December 31, 2008 as reported on Form 10-K, have been omitted.

Certain prior year amounts have been reclassified to conform with the current year presentation.

NOTE 2 - GOING CONCERN

As shown in the accompanying financial statements, the Company has an accumulated deficit and a working capital deficit as of March 31, 2009. These conditions raise substantial doubt as to our ability to continue as a going concern. Management is trying to raise additional capital through sales of common stock. The consolidated financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

NOTE 3 – COMMON STOCK

During the quarter ended March 31, 2009 a subsidiary of the Company issued 2,791,000 shares of common stock at $0.10 per share. The shares were issued as follows:
 
·
250,000 issued for cash of $25,000
 
·
60,000 issued for accounts payable of $6,000
 
·
230,000 issued for accrued compensation payable of $23,000
 
·
2,251,000 issued for compensation of which 1,810,000 shares valued at $181,000 were issued to four related parties

Note 4 - CONTINGENCIES

There is pending litigation in Arizona small claims court - Strojnik v. Crown Equity Holdings, Inc. and Crown Partners, Inc.  The Company has assessed the outcome of a loss as remote and furthermore the maximum liability in small claims court is $2,500.  Crown has not accrued any amounts related to this contingency.
 
6


NOTE 5 – SALE OF SUBSIDIARIES

In March, 2009 the Company sold two of its interest in Universal Services and Acquisitions, Inc and Sanitec of Hawaii, Inc. to an independent third party. The sale of the Company’s interest in both entities resulted in a gain of $157,841. Both companies were sold for no consideration other than the buyer’s assumption of the net liabilities of both companies.  Both companies have been dormant for some time with neither operating at the time of sale.  The liabilities assumed by the buyer that were third party were treated as a gain totaling $157,841 and the liabilities that were related party were treated as contributed capital totaling $39,179.

NOTE 6 – GAIN ON FORGIVENESS OF DEBT

The statute of limitations allows a debtor to write off any debt owed a third party that has not been active for a specific length of time. Statutes of limitation vary by state ranging from 4 to 6 years except for 2 states in which the Company believes it has not done business. The Company has been carrying various accounts payable with gestation of 8 years and more.  During the period ending March 31, 2009 the Company elected to write off these various accounts payable totaling $25,175.
 
7


Item 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS

This report contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The Company’s actual results could differ materially from those set forth on the forward looking statements as a result of the risks set forth in the Company’s filings with the Securities and Exchange Commission, general economic conditions, and changes in the assumptions used in making such forward looking statements.

OVERVIEW

A) General

Crown Partners, Inc. (the “Company” or “Crown”), has been involved in several different businesses.  At present, it has one subsidiary.

B) Narrative Description of Business

The Company has one subsidiary of which it is the majority shareholder: Crown Equity Holdings Inc. ("CRWE"). During the period ended March 31, 2009 the Company sold Universal Services & Acquisitions, Inc. ("USV"), and Sanitec Services Ltd. ("SSH") to an independent third party.

The Company owns 64% of CRWE, a Nevada corporation traded on the Electronic Bulletin Board under "CRWE".  In 2007, CRWE began selling computer systems for financial traders and is also a licensed reseller for computer components, hardware and software as well as computer accessories.  In 2007, the Company continued to advance funds to CRWE to pay CRWE's expenses.  The Company anticipates that it will be repaid these advances and loans at the time that CRWE acquires an operating business.  In December, 2007, CRWE issued a total of ten million shares of its common stock in satisfaction of approximately $145,000 owed by CRWE to the Company.

The Company owned 90% of the issued and outstanding shares of Universal Services & Acquisitions, Inc. (“USV”), a Colorado corporation. USV is a dormant shell company.  The Company sold USV in March 2009 to an independent third party

In November, 2001, the Company acquired Sanitec(TM) Services of Hawaii, Inc. ("SSH"), a privately held Hawaiian corporation, developed to engage in medical waste collection and treatment in Honolulu, Hawaii.  The operations of SSH ceased in May, 2005 when SSH was evicted from its plant in Hawaii. The Company sold SSH in March 2009 to an independent third party.

Employees

As of March 31, 2009, the Company had no employees.
 
8

 
RESULTS OF OPERATIONS

For the three months ended March 31, 2009 and 2008, we had revenues of $9,004 and $572, respectively, and a net loss of $79,511 and $81,749, respectively.  General and administrative expense was $263,056 for the three months ended March 31, 2009 compared to $77,862 for the same period in 2008.  This increase is primarily attributable to an increase in accounting and legal fees as well as to the increased expenses of our subsidiary, Crown Equity Holdings.

The Company realized a gain on debt forgiveness of $25,175 during the period ended March 31, 2009.  The gain was due to a write down of accounts payable that has exceeded the statute of limitations. No such gain was recognized during the period in 2008.  The Company realized a gain on the sale of subsidiaries of $157,841 during the period ended March 31, 2009.  The gain was due to the sale of two subsidiaries to an independent third party. No such gain was recognized during the period in 2008.

LIQUIDITY AND CAPITAL RESOURCES

At March 31, 2009, the Company had a working capital deficit of approximately $203,129.  At March 31, 2009, the Company had current assets of $5,762 which consisted of $5,412 in cash and $350 in prepaid expenses. The current liabilities of the Company at March 31, 2009 were $208,891 which consisted of accounts payable of approximately $36,906, accounts payable to related parties of $74,886, notes payable of $15,700, advances from other of $22,689, salaries payable of $4,850 and a note payable from related party of $53,860.

Crown will attempt to increase its operating liquidity by exploring the availability of outside debt and equity financing, to the extent that such funding is available under reasonable terms and conditions. There can be no assurances that these measures will result in an improvement in Crown's operations or liquidity. To the extent that Crown's operations or liquidity do not improve, Crown may be forced to reduce operations to a level consistent with its available working capital resources.  Crown may also have to consider a formal or informal restructuring or reorganization.

The Company's balance sheet as of March 31, 2009 reflects limited assets and extensive liabilities. Further, there exist no agreements or understandings with regard to loan agreements by or with the Officers, Directors, principals, affiliates or shareholders of the Company.  As a result of these factors, Crown's independent accountants have expressed substantial doubt about Crown's ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming that Crown will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The carrying amounts of assets and liabilities presented in the consolidated financial statements do not purport to represent the realizable or settlement values, nor include any adjustments that might result from the outcome of this uncertainty.
 
9


ITEM 3.   CONTROLS AND PROCEDURES

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required under this Item.

ITEM 4T:    CONTROLS AND PROCEDURES
 
(a) Evaluation of Disclosure Controls and Procedures
 
Based on their evaluation of our disclosure controls and procedures(as defined in Rule 13a-15e under the Securities Exchange Act of 1934 the "Exchange Act"), our principal executive officer and principal financial officer have concluded that as of the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the identification of a material weakness in our internal control over financial reporting which we view as an integral part of our disclosure controls and procedures. The material weakness relates to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional with accounting expertise.  Our CEO and CFO do not possess accounting expertise and our company does not have an audit committee.  This weakness is due to the company’s lack of working capital to hire additional staff.  To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.
 
Changes in Internal Control over Financial Reporting
 
Except as noted above, there have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
PART II – OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

There is pending litigation in Arizona small claims court - Strojnik v. Crown Equity Holdings, Inc. and Crown Partners, Inc.  The Company has assessed the outcome of a loss as remote and furthermore the maximum liability in small claims court is $2,500.  Crown has not accrued any amounts related to this contingency.

ITEM 1A.  RISK FACTORS.

There have been no material changes to the Company’s risk factors as previously disclosed in our most recent 10-K filing for the year ending December 31, 2008.

10


ITEM 2.  UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

During the quarter ended March 31, 2009 the Company’s subsidiary, Crown Equity Holdings issued 250,000,000 shares of restricted common stock with a value of $ 25,000 ($0.10 per share) for cash

ITEM  3.  DEFAULTS UPON SENIOR SECURITIES.

None

ITEM  4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

None

ITEM  5.  OTHER INFORMATION.

There were no reports on Form 8-K filed during the quarter ended March 31, 2009.


ITEM 6. EXHIBITS

EXHIBIT 31.1 Certification of Principal Executive Officer and Principal Financial Officer

EXHIBIT 32 Certification of Compliance to Sarbanes-Oxley
 
11


SIGNATURES

In accordance with the requirements 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.

CROWN PARTNERS, INC.

 
By:
/s/ Kenneth Bosket  
    Kenneth Bosket, CEO  
       
  By: /s/ Montse Zaman  
    Montse Zaman, CFO  
 
Date: May __, 2009
 
12

EX-31.1 2 v148862_ex31-1.htm Unassociated Document
EXHIBIT 31.1
 
FORM OF CERTIFICATION
 
PURSUANT TO RULE 13a-14 AND 15d-14
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
 
CERTIFICATION
I, Kenneth Bosket, certify that:

1. I have reviewed this Form 10-Q of Crown Partners, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of 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 and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusion about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change to 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; and

5. The registrant’s other certifying officer 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:   May __, 2009
 
/s/ Kenneth Bosket
Name: Kenneth Bosket
Title: CEO
 
 
 

 
 
FORM OF CERTIFICATION
 
PURSUANT TO RULE 13a-14 AND 15d-14
UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
 
CERTIFICATION
I, Montse Zaman, certify that:

1. I have reviewed this Form 10-Q of Crown Partners, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of 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 and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusion about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation;

(d) Disclosed in this report any change to 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; and

5. The registrant’s other certifying officer 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:   May __, 2009
 
/s/ Montse Zaman
Name: Montse Zaman
Title: CFO
 
 
 

 
EX-32 3 v148862_ex32.htm Unassociated Document
EXHIBIT 32
 
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 Crown Partners, Inc. on Form 10-Q for the period from ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the "Report"),  the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:
 
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 operation of the Company.

/s/ Kenneth Bosket
Kenneth Bosket
CEO
Dated: May __, 2009
 
This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
 
 
 

 
 
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 Crown Partners, Inc. on Form 10-Q for the period from ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the "Report"),  the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:
 
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 operation of the Company.

/s/ Montse Zaman
Montse Zaman
CFO
Dated: May __, 2009

This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed by the Company for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended.
 
 
 

 
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