WHAT A JOKE LAS VEGAS, NV--(MARKET WIRE)--Jan 22, 2008 -- Marshall Holdings International, Inc. (OTC BB:MHII.OB - News) -- Flo Ternes, Chief Operating Officer, said, "The Company has signed a letter of intent to acquire a national brand energy drink company with distribution in 48 states. We are completing the due diligence and anticipate the transaction to be finalized within the next sixty to ninety days. The Company will be putting out information related to this acquisition as we go forward."MARSHALL HOLDINGS INTERNATIONAL, INC AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
UNAUDITED
September 30, December 31,
2007 2006
LIABILITIES
CURRENT LIABILITIES:
Accounts payable:
Trade Regular $ 1,274,567 $ 806,977
Accrued expenses:
Payroll and employee benefits 631,638 402,105
Payroll taxes 266,257 233,435
Interest 420,944 420,944
Other 200,076 213,503
Notes Payable- Related Party 381,808
Stock Investors 218,940 149,000
Current maturities of long-term debt 7,940,994 7,804,917
Total current liabilities 11,335,224 10,030,881
LONG-TERM DEBT 2,081,324 2,016,001
Total Liabilities 13,416,548 12,046,882
STOCKHOLDERS' EQUITY
Series A Preferred stock - $.001 par value;
Authorized - 100,000,000 shares; Issued and outstanding at September 30, 2007 and December 31,2006 28,915,125 and 32,972,125, respectively 28,915 32,972
Series B Preferred stock - $.001 par value;
Authorized at September 30,2007 and December 31,20061,000,000,000 and 100,000,000 respectively; Issued and outstanding at September 30, 2007 and December 31, 2006 185,000,000 and 185,000,000,respectively 185,000 185,000
Common stock, - $.001 par value
Authorized - 25,000,000,000 shares Issued and outstanding at September 30,2007 and December 31, 2006 4,502,357,320 and 2,117,957,320 4,502,357 2,117,957
Additional paid-in capital 19,259,124 21,162,117
Accumulated (deficit) (22,828,000 ) (23,111,161 )
Net Stockholders' Equity 1,147,396 386,885
Total Liabilities & Stockholders' Equity $ 14,563,944 12,433,767
See Notes to the Financial Statements
YOU are KIDDING people right , STRONGER THAN STRONG SELL
Sentiment : Strong Sell
joke
AI
