Here you go... This is what they have stated... From their PR's and financial statement. Hope this helps a little...
TOTAL ASSETS 7,179,350.77
EE Global For 3 Months ending September 30, 2009
Revenues $2,626,178.16
Cost of Sales 844,786.18
Gross Profit 1,781,391.98
Total Expenses 1,313,293.38
Some things that you should read...
NOTE 4 – Income Taxes
Current income taxes are computed at statutory rates on pretax income. At September 30, 2009, the Company had elected to carry forward net operating losses for federal and state income tax purposes of approximately $3,552,581 that are available to reduce future taxable income through September 30, 2018. As utilization of such operating losses for tax purposes is not assured, the deferred tax asset has been fully reserved through the recording of a 100% valuation allowance. These operating losses may be limited to the extent an “ownership change”, as defined under section 382 of the Internal Revenue Code, occurs.
NOTE 5 – Loans Payable
The Company has borrowed funds from affiliated companies and or shareholders on an informal basis. All monies are due on demand and do not bear interest. As of September 30, 2009 the company owed $148,000.
The Company is in the process of raising and capital and or debit, implementing its business plan and expects to generate sufficient revenue by the second quarter of 2010 to be positive cash flow. Management expects operations to generate negative cash flow at least through March 2010....
As of November 6, 2009, Mr. Wang Mai Mai started to carry out a series of campaign lectures entitled 'Wang Mai Mai national tour of lectures in English life'. Mr. Wang is the creator of 'Wang Mai Mai English', the most famous English education brand in China, and the series generate a wave of enthusiasm across university campuses in China.
In the country where English is a dominant foreign language, these series promote company's shift from exclusively English educational publishing, to English publishing and English training. This broadening of the educational spectrum pushes the company into a higher-profit-margin category.
Mr Wang will give seven lectures in Guangxi, and continue in Hunan, Henan, Jiangsu and other places. Mr. Wang tours the country to create more visibility of Wang Mai Mai English education brand and its new educational concept. Mr. Wang's popularity and dedication to education assures success of this campaign.
Wang Mai Mai English is one of the best-known English educational brands in China and it has the most bestsellers as ranked by China Book and Periodical Association.
EEGlobal/401bz (www.401bz.com) has signed a long term advertisement and marketing agreement with Real World Estate Inc. Based in Toronto, Real World Estate is one of the largest real estate firms catering to the Chinese community. This agreement is an example of the growing popularity of Ads Guide and My Home Guide in the Chinese community.
401BZ INC. is the publisher of a weekly newspaper, Ads Guide, and a magazine, My Home Guide. The newspaper Ads Guide carries updated news and community information, specifically in economic news, employment news, career development, shopping guide, business opportunities, North America life and service index. My Home Guide carries essential information regarding the daily life of people living in the Greater Toronto area. The printed newspaper and magazine are available in the Greater Toronto Areas including Scarborough, Markham, Downtown, North York, Richmond Hill and Mississauga. The Chinese speaking community, including people from mainland China, Hong Kong, Taiwan, or other countries of the world can easily get the newspaper and magazine at major Chinese service points every Thursday & Friday. The circulation of Ads Guide is over 50,000 copies monthly, and the circulation of My Home Guide is over 40,000 copies monthly.
The Pitcock Law Group www.pitcocklawgroup.com, a law firm specializing in Intellectual Property protection and enforcement, filed the applications on behalf of the company. The Go800(TM) text messaging service is in beta testing and is scheduled to be launched first quarter 2010, targeting major US corporate advertisers.
Go800(TM), a new patent pending text messaging service, which will be launched in 2010, will enable advertisers to incorporate a text prompt in their advertisements, prompting consumers to contact them through a text message rather than calling a 1-800 toll free number. Go800(TM) the new text message service, a 1-800 toll free number alternative.
How We got here...
Common Stock
The Company has 980,000,000 Shares of Common Stock Authorized. As of September 30, 2009, there were 909,153,477 Shares Issued and Outstanding. The Par Value of the Company’s Common Stock is $.001 Per Share.
During the current fiscal year the Company sold 145,786,560 shares of common stock to eight (8) Shareholders for consideration of $332,241, pursuant to Federal and State Exemptions from Registration.
During the current fiscal year the company issued 147,500,000 shares of common stock to convert $139,500 of debt due.
In September 2009, the Company issued 130,000 shares in relation to the acquisition of EE Global, Inc.
In September 2009, the Company issued 500,000,000 shares in escrow for future funding commitments from various shareholders.
During the year ended September 30, 2009, the Company issued a combined 5,000,000 shares of common stock for services valued at $41,000.
