PlayBOX (US), Inc. (PYBX)
INITIAL COMPANY INFORMATION AND DISCLOSURE STATEMENT
Part A General Company Information
Address of issuer’s principle executive offices
PlayBox (US) Inc
2300 West Sahara Ave., Suite 800, Las Vegas, NV. 89102
Telephone: 702-666-8574. Fax: 888-310-2646
Item IX The nature of products or services offered.
The principal products of the Company are a new leading technology to produce NH3 green fuel. The
technology is in the final stages of testing and is anticipated to be ready for distribution before the end
of this current year.
Distribution is currently by direct sales through direct contact with the Company and displaying the
product at trade shows. PlayBox (US) Inc. is currently looking for global distributors.
PlayBox (US) Inc. is also pursuing distribution rights for leading edge energy conservation materials
from global suppliers.
All products being pursued for distribution will have all the necessary North American approval labels.
The nature of products or services offered
The NH3 Fuel technology will convert surplus electricity into Green NH3 which can be used for fuel
in normal gasoline engines with very little modification. The applications for this technology are
numerous and the end product very profitable. The markets are worldwide and distribution of our
machines is very easy as they are not large in size or heavy to move. They will be manufactured in
North America where we can control the process and protect our patent rights. Patents are pending.
We will be making announcements when the product is completed the R&D and will be ready for
shipping. Until then all proprietary information must be kept undisclosed.
The is currently no machines on the market to convert electrical supply to Green NH3. Therefore there
is no competiton and we will be able to keep a significant margin in our products for the foreseeable
future. The product is applicable to a varied marketplace therefore a large demand exists for the
product. We plan on setting up distributors once we have the product through the R&D phase. We do
not need to get any additional government approvals. All necessary approvals are already in hand.
1) SIC Code Primary 1520, Secondary 2890
2) PlayBox (US) Inc. is currently in the process of acquiring companies with leading-edge
technology in the area of alternative energy and energy conservation. PlayBox (US) Inc. is
currently operating in the US and Canada and has plans to expand globally in providing
housing in third world countries.
3. The company is not a shell and has never been a “shell company”.
4. Talsa Construction Ltd is a wholly owned subsidiary of Playbox (US) Inc. It is in the business
of residential and commercial construction. It’s financial results are included in the Playbox
5. Playbox does not anticipate any government regulations current or anticipated to affect the
operations of the parent company or the subsidiary.
6. Playbox does not current spend any of it’s funds on research and development. We do intend to
complete the development of the NH3 Fuel technology and this will require some R&D
funding. We have presently applied for funding from different government departments to
cover any anticipated expenditures in the future.
7. The costs of compliance with Federal, State or Local laws is born by each company in the
normal day to day operations and is not excessive.
8. The company currently employs 6 people on a full time basis and employment of part time
workers can fluctuate from 5 to 50 depending on the season and strength of the economy.
Control of the company changed on March 12, 2010.
The company had a 200:1 reverse stock split which was approved effective June 18, 2010. The issuer
acquired another business during the first half of 2010. The acquired business had been operating in
the building construction industry for several years and had established a reputation for quality
workmanship and finishing their projects on time and on budget. The company did not pay any
dividends during 2009 or 2010 and does not anticipate doing so in the near future. Any future
acquisitions may require a recapitalization in the future. The company operates under the Pink Sheets
service and there for is not subject to the reporting requirements of the SEC. There has been no
delisting of our securities from any exchange or quotation service.
There is no pending or threatened legal action
The name of the chief executive officer, members of the board of directors, as well as control persons.
A. Officers and Directors
1. Full Name: Daniel McCormick – President / Director
Business Address: 2300 W. Sahara Ave., Suite 800,
Las Vegas, NV 89102
Employment History: PlayBox (US) Inc / July 2010 to Present
Contact Information Business Description
|SIC - Industry Classification ||1520 - General Bldg Contractors - Residential Bldgs |
|Business Status ||Development Stage Company |
|Incorporated In: ||NV, USA |
|Year of Inc. ||2005 |
|Employees ||3 a/o May 11, 2010 |
|Dan McCormick ||Dir. |
|Lorne R. Gale ||Dir. |
PYBX Security Details
|Market Value1 ||$7,200,813 ||a/o Oct 01, 2010 |
|Shares Outstanding ||2,400,271,061 ||a/o Jul 31, 2010 |
|Float ||400,271,061 ||a/o Jul 31, 2010 |
|Authorized Shares ||3,000,000,000 ||a/o Jul 31, 2010 |
|Par Value ||0.0010 |
|Shareholders of Record ||315 ||a/o Jul 31, 2010 |
|Beneficial Shareholders ||N/A |
| ||Ex. Date ||Record Date ||Pay Date |
Non US Stock Exchange Listing
Short Selling Data
|Short Interest ||(%) |
|Significant Failures to Deliver ||No |
Service Providers Auditor/Accountant
N/A Legal Counsel Investor Relations Firm
PLAYBOX (US) INC
FOR NINE MONTHS ENDING JUNE 30, 2010 AND JUNE 30 2009
ASSETS UNAUDITED UNAUDITED
Cash And Cash Equivalents $ 20,451 $
Total Current Assets 20,451 0
Total Assets $ 20,451 $ 0
LIABILITIES AND SHAREHOLDER'S EQUITY
Accounts Payable $ 216,686 $
Notes payables - Current
Total Current Liabilities 216,686 0
Total liabilities 216,686 0
Common stock: 3,000,000,000 shares authorized, $0.0001 par value
2,400,270,932 Common and 12,580,010 Preferred shares
issued and outstanding 241,285 54,186
Additional paid-in-capital 4,169,753 4,090,609
Accumulated deficits (4,648,175) (4,447,422)
Total Stockholders' Equity (237,137) -302,627
Total Liabilities And Stockholders' Equity $ (20,451)$ -302,627
See accompanying notes to financial statements
PLAYBOX (US) INC.
STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDING JUNE 30, 2010 AND JUNE 30, 2009
Net revenue $ 150,090 $
Cost of revenue -
Gross profit 150,090
Amortization and depreciation expenses
General & administrative expenses 350,843
Total operating expenses 350,843 -
Income (Loss) from operations (200,753) -
Other income (expense):
Total other income (expense) - -
Net profit (loss) $ (200,753) $ -
Basic and diluted weighted average shares outstanding
Basic and diluted net Income ( loss) per share $ (0.0008) $ 0.000
See accompanying notes to financial statements
PLAYBOX (US) INC
STATEMENTS OF CASH FLOWS
FOR THE YEAR TO DATE ENDED JUNE 30, 2010
Cash Flows From Operating Activities
Net Income (loss) $ (200,753)
Depreciation and amortization
Stock issued for services
(Increase) / decrease in assets:
Increase / (decrease) in liabilities:
Commissions Payable -
Accrued Expenses -
Accrued Interest -
Accounts Payable 178,833
Net cash used in operating activities (21,920)
Cash Flows From Financing Activities
Net Proceeds from the issuance of Preferred stock
Net Proceeds from acquisition of assets
Net Cash Provided by Financing Activities 0
Net Increase (Decrease) During the Period (21,920)
Cash and cash equivalents, Beginning of the period 1,469
Cash and cash equivalent, End of the period $ (20,451)
Other News Sources
OTC Disclosure & News Service
No OTC Disclosure & News Service is available for PYBX
DON A. PARADISO, P.A.
5499 N. Federal Highway, Suite D
Boca Raton, Florida 33487
(954) 801-3573 Fax (561) 989-0069
September 16, 2010
Pink OTC Markets Inc.
304 Hudson Street
New York, New York 10013
Re: PlayBox (US) Inc.
This firm serves as counsel to PlayBox (US) Inc. (hereinafter the "Company") and has been retained by the Company for the purposes of (a) entering into the Attorney Letter Agreement with Pink OTC Markets Inc. (hereinafter "Pink OTC") and (b) posting this letter on the OTC Disclosure and News Service in accordance with the requirements set forth in the Attorney Letter Agreement. Pink OTC is entitled to rely on this letter in determining whether the company has made adequate current information publicly available within the meaning of Rule 144 (c) (2) of the Securities Act of 1933.
This law firm serves as regular securities counsel to the Company. The undersigned Attorney is a resident of the United States of America and has been retained by the Company to render this letter and for other matters as well. The undersigned Attorney is licensed to practice law in New York and Florida and this letter covers the jurisdictions of New York and Florida and of the applicable laws of the United States of America. The undersigned Attorney is permitted to practice before the Securities and Exchange Commission and has not been prohibited from practice there-under.
In rendering this letter, we have examined the Initial Company Information and Disclosure Statement for the period ended June 30, 2010 (hereinafter the "Statement") posted by the Company on the OTC Disclosure and News Service on September 16, 2010, and such other Company records, certificates of officers, certificates of public officials, and other instruments and documents and such questions of law as we have considered necessary and appropriate as a basis for the opinions expressed herein. All of the sources noted above are deemed to be reliable.
In rendering this letter, the undersigned Attorney has personally met with management and with all of the Directors of the Company, and has reviewed the Statement published by the Company and personally discussed the Statement with management and all of the Directors of the Company.
Pink OTC Markets, Inc.
September 16, 2010
In our opinion the Statement constitutes adequate current information that is publicly available within the meaning of Rule 144 (c) (2) under the Securities Act of 1933 as a result of such Statement being posted in the OTC Disclosure and News Service on September 16, 2010, and that the Statement includes all of the information that a broker-dealer would be required to obtain from the Company to publish a quotation for the all of the Securities of the Company under Rule 15c2-11 under the Securities Exchange Act of 1934, and that the Statement complies as to form with the Pink Sheets "Guidelines for Providing Adequate Current Information".
The un-audited financial statements contained within the Statement were prepared by Wayne K. Bailey with an address of 2300 West Sahara Avenue, Suite 800, Las Vegas, Nevada 89102. Mr. Bailey is an Accountant with extensive experience auditing public companies. Mr. Bailey served as Chief Financial Officer of five publicly traded companies, most recently serving as Chief Financial Officer of Consumer Direct of America. He was formerly employed with the accounting firm of Arthur Young. The transfer agent for the Company is Action Stock Transfer Corp., 7069 S. Highland Drive, Suite 300, Salt Lake City, Utah 84121. Action Stock Transfer Corp. is registered with the SEC under the Securities Exchange Act. The undersigned Attorney personally confirmed the number of outstanding shares set forth in the Statement with an Officer of Action Stock Transfer Corp. of even date herewith.
To the best knowledge of this firm, after inquiry of management and the Directors of the Company, neither the Company nor any 5% holder, or the undersigned Attorney, is currently under investigation by any Federal or state regulatory authority for any violation of Federal or state securities laws.
Pink OTC Markets is hereby granted full and complete permission and rights to publish this letter through the OTC Disclosure and News Service for viewing by the public and regulators. This letter is rendered solely to Pink OTC and may not be relied upon by any other person or for any other purpose without the prior written consent of this law firm.
Don A. Paradiso, P.A.
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Don A. Paradiso Esq.