Summary: ( its a SHELL stock Reverse Merger Play )
Pacific Vegas Global Strategies, Inc.
PVEG Latest Filings:( Nov 14 10QSB )... http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pveg PEVG NEWS: http://finance.yahoo.com/q?s=cfz.v
Notes to the Condensed Financial Statements
1. ORGANIZATION AND PRINCIPAL ACTIVITIES
Pacific Vegas Global Strategies, Inc. (the “Company” or “PVGS”), formerly known as Goaltimer International, Inc., was incorporated in Colorado on December 19, 1990. Prior to the reorganization with Cyber Technology Group Holdings Limited (“CTGH”) on January 8, 2003 the principal business of PVGS was the development and selling of time and personal management products. PVGS had discontinued such operations since 1994 and its only activity had been accruing loan interest on notes payable and looking for a merger candidate before the reorganization in 2004.
Upon completion of the reorganization, the principal business activities of PVGS had been, through CTGH and its subsidiaries, conducting an international sportsbook business from the Commonwealth of Dominica by way of telecommunications and/or the Internet, until December 6, 2004, when the Board of Directors of PVGS resolved to cease the operations of such business. The Company has been in an inactive or non-operating status since December 6, 2004, and a shell company with its only activity that of incurring non-operating expenses.
On July 8, 2005, the Company entered into a Stock Purchase Agreement (the “Agreement”) with an independent third party (the “Buyer”), pursuant to which the Company sold its entire 100% equity interest in CTGH for a consideration of US$125,000 in cash together with a non-cash settlement that the Buyer was to assume and pay all liabilities of CTGH as shown in the consolidated balance sheet of CTGH as at June 30, 2005 and to cancel and release the Company from its liabilities due to CTGH in the amount of US$549,288 or such other amount not exceeding US$549,288 as may be amended at the closing of the transaction. This Agreement was approved by the stockholders of PVGS at the special meeting of stockholders held on October 14, 2005, and the transaction was subsequently closed on November 18, 2005. Google Earth Shows a relative location in Hong Kong:
Colorado Secretary of State Documentation of Incorporation: ( just type in Pacific Vegas )
Good Standing Business Letter:
One Stellar Day So Far: Hall of Fame of Early Bloodhounds to sniff PVEGs success: