10K..
Business Development.
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On May 21, 2003, the Company filed an 8-K Current Report regarding the
signing of a Plan and Agreement of Reorganization (the "Agreement") with G
Media Network, Inc., a Nevada corporation ("G Media"). The completion of the
transaction was subject to the satisfaction of conditions of closing set forth
in the Agreement. Subsequent to the date of this Report, G Media had not
provided the required due diligence to complete the closing and the Agreement
was deemed abandoned. For additional information regarding this Agreement,
see our 8-K Current Report dated May 21, 2003, which was filed with the
Securities and Exchange Commission on May 22, 2003. See the Exhibit Index,
Part III, Item 13.
Except as indicated above and in our Company's 10-SB Registration
Statement, as amended, which was filed with the Securities and Exchange
Commission on December 16, 1997, which became effective on or about February
14, 1998, and which is incorporated herein by reference, and the Company's
10KSB for the year ended June 30, 2002, and which is incorporated herein by
reference, there have been no other material business developments regarding
our Company. See the Exhibit Index, Part III, Item 13.
Business.
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We have no material business operations for over five years. We may begin
the search for the acquisition of assets, property or business that may
benefit our Company and our stockholders, once our Board of Directors sets
guidelines of industries in which we may have an interest.
We are unable to predict the time as to when and if we may actually
participate in any specific business endeavor, and will be unable to
do so until we determines the particular industries of interest to us.
