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Frozen Food Gift Group (FROZ) RSS Feed

Followers
2
Posters
5
Posts (Today)
0
Posts (Total)
17
Created
05/01/12
Type
Free
Moderators
 Frozen Food Gift Group Initial Public Offering

Delaware based Frozen Food Gift Group is an online retailer specializing in selling frozen foods to consumers and businesses. Formed in January of 2009, Frozen Food Gift Group ships items like ice cream to consumers' houses for holidays and other special occasions like birthdays, weddings, and thank you. Ice cream is the main product shipped by Frozen Food Gift Group currently and is produced by a private company that is contracted by Frozen Food. One full time employee, along with four independent contractors, currently work for Frozen Food Gift Group. The company acts as a mail order company along with its online marketplace. The customer base for a company like Frozen Food Gift Group is endless. All Americans enjoy desserts like ice cream and special occasions and holidays will offer countless possibilities for items to be purchased and shipped to loved ones. The company has products that are offered at a price range of $35.95 to $95.95. Packages also include silverware and toppings for dessert items. Desserts are fully customizable to create the ultimate package and surprise for the intended recipient. The company competes in a large market made up of hundreds of mail order and internet companies. Frozen Food Gift Group uses mass marketing techniques through the internet by search engines and emails. Direct mail and advertising in print are also used by the company.

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Balance Sheet (Parenthetical) (USD $)
Dec. 31, 2011
Stockholders' Equity:  
Common stock, par value $ 0.00001
Common stock, Authorized 20,000,000,000
Common stock, Issued 112,456,666
Common stock, outstanding 112,456,666

Frozen Food Gift Group Inc (FRZZ: FINRA BB) | Venue Change May 1st, 2012

Frozen Food Gift Group Inc (FRZZ: FINRA BB) | Venue Change
Tue, May 01, 2012 12:00 - Frozen Food Gift Group Inc (FRZZ: FINRA BB) - Venue Change - The symbol, FRZZ, no longer trades on Grey Market. As of Tue, May 01, 2012, FRZZ trades on FINRA BB. You may find a complete list of venue changes at otcmarkets.com.
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Note 6. LOANS PAYABLE - OTHER

 

 

At December 31, 2011 the Company was indebted to an unrelated third party in the amount of $75,000. The loan has a stated interest rate of 14.40% for the entire term of the loan. Principal and all accrued interest are due in December 2013. Interest expense for the year 2011 was $2,700.

 

At December 31, 2011 the Company was indebted to an unrelated third party in the amount of $100,290 and $4,000 The loans bears no interest and are due on demand.

 

At December 31, 2011 the Company was indebted to an unrelated third party in the amounts of $25,000 and $10,000. The loans bear interest at 17% per annum and are due in August and September 2012, respectively. The loans require all interest to be paid at the inception dates of the loans and the principal to be paid when the loans come due. Interest expense for these notes in 2011 was $2,180.

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