SC14F/1 Filed 02-03-05
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Reward Enterprises shall issue three hundred and eighty million
(380,000,000) shares of common stock in exchange for 100% of the outstanding
shares of Consumers Choice Financial Services, Inc. The shares of common stock
represent a majority of the outstanding common stock of Reward Enterprises.
Earl Ingarfield, Reward Enterprises' sole officer and director, agreed
to resign his respective positions and release all claims against Reward
Enterprises.
Reward Enterprises' Board of Directors shall appoint Jeff Fisher,
president of Consumers Choice Financial Services, Inc. to its Board of
Directors, and upon such appointment, Reward Enterprises' current Board member
will resign.
The Agreement was consummated on November 23, 2004. The closing
conditions included the launch of a consumer debt buying operation within
Consumers Choice Financial Services, Inc. which was completed on February 11,
2005.
YOU ARE URGED TO READ THIS INFORMATION STATEMENT CAREFULLY. YOU ARE NOT,
HOWEVER, REQUIRED TO TAKE ANY ACTION.
1
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth, as of March 2, 2005, certain
information with respect to Reward Enterprises' equity securities owned of
record or beneficially by (i) each officer and director of Reward Enterprises;
and (ii) each person who owns beneficially more than 5% of each class of Reward
Enterprises' outstanding equity securities.
NAME AND ADDRESS OF BENEFICIAL OWNER NATURE OF AMOUNT OF PERCENTAGE
OWNERSHIP BENEFICIAL OF CLASS
OWNERSHIP*
York Ventures, LLC(1) Direct 190,000,000 38.53%
202 N. Curry Street, Suite #100
Carson City, Nevada 89703
ATM Alliance Trust, LLC(2) Direct 190,000,000 38.53%
620 Berkley Drive
Grapevine, Texas 76051
Bell Investments, LLC(3) Direct 2,300,000 0.47%
2033 Main Street, Suite 500
Sarasota, Florida 34237
* Beneficial ownership is determined in accordance with the rules of
the Securities and Exchange Commission and generally includes voting or
investment power with respect to securities. The percentage of beneficial
ownership is based on 493,266,100 shares of common stock outstanding as of March
2, 2005.
(1) All investment decisions of, and control of, York Ventures, LLC are
held by Jeff Fisher, its Manager. Mr. Fisher is the President, Chief Executive
Officer, Acting Chief Financial Officer and a director of the Company.
(2) All investment decisions of, and control of, ATM Alliance Trust,
LLC are held by, Gus Moreland, its Manager.
(3) Earl Ingarfield is the Manager of Bell Investments, LLC, and has
the voting power and control over the 2,300,000 shares held by Bell Investments,
LLC. Mr. Ingarfield was the President, Chief Executive Officer and sole Director
of Reward Enterprises before the Agreement was closed.
LEGAL PROCEEDINGS
Reward Enterprises is not aware of any legal proceedings in which any
director, officer or any owner of record or beneficial owner of more than five
percent of any class of voting securities of Reward Enterprises, or any
affiliate of any such director, officer, affiliate of Reward Enterprises or
security holder is a party adverse to Reward Enterprises or has a material
interest adverse to Reward Enterprises.
2
INCOMING DIRECTOR
The following table sets forth the name and age of the incoming
director of Reward Enterprises. Directors serve one-year terms until their
successors are elected. There are no family relationships among any of the
directors and officers.
NAME AGE POSITION(S)
---- --- -----------
Jeff Fisher 56 Director, President, Chief
Executive Officer, Acting
Chief Financial Officer
JEFF FISHER. Mr. Fisher will serve as President, Chief Executive
Officer, Acting Chief Financial Officer and a director of the Company after the
Agreement was closed. Mr. Fisher has more than 25 years experience in the
financial services, mortgage lending and consumer credit fields. For the last 5
years, prior to his involvement with Consumer's Choice Financial Services, Inc.
and the Company, Mr. Fisher held the position of Director of Client Services
with a law firm, as well as participated in the mortgage lending business.
COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934
Section 16 (a) of the Securities Exchange Act of 1934 requires Reward
Enterprises' directors and executive officers and persons who own more than ten
percent of a registered class of Reward Enterprises' equity securities to file
with the SEC initial reports of ownership and reports of changes in ownership of
Common Stock and other equity securities of Reward Enterprises. Officers,
directors and greater than ten percent shareholders are required by SEC
regulations to furnish Reward Enterprises with copies of all Section 16 (a)
forms they file.
To Reward Enterprises' knowledge, as of the date of this filing,
certain required report filings have
not been filed.
