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Golf Rounds.com, Inc. (the "Company") was incorporated in 1968 as a Delaware corporation, which is also authorized to conduct business in New Jersey and Georgia.
Robert H. Donehew President (Principal Executive Officer) and Treasurer (Principal Financial Officer)
111 Village Parkway, Building #2, Marietta, Georgia 30067 770-951-0984
Our current business plan is to serve as a vehicle for the acquisition of or merger or consolidation with another company (a "target business"). We intend to use our available working capital ($2,238,155 as of November 30, 2006), capital stock, debt or a combination of these to effect a business combination with a target business which we believe has significant growth potential.
At November 30, 2006, cash and cash equivalents were $2,228,437, which includes $2,210,276 that is invested in U.S. Treasury Securities that matures in February 2007 yielding 5.06%, $1,517 invested in a money market account with an effective yield of 4.30% and $16,644 in a non-interest bearing checking account.