PART III NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 20-F, 11-K,
10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof could not be
filed within the prescribed time period.
The registrant was inactive and delinquent in its filings for many years.
New management has begun the process of bringing the registrant into compliance.
To that extent, an Annual Report on Form 10-KSB for the fiscal year ended
December 31, 2004 was recently filed and the registrant is currently preparing,
and plans to file shortly, Quarterly Reports on Form 10-QSB for the quarters
ended March 31, 2005 and June 30, 2005. Following such filings the registrant
plans to file the current Report.
PART IV OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Jonathan Steckler 239 596-0204
----------------- ----------- ------------------
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter
period that the registrant was required to file such report(s) been filed?
If the answer is no, identify report(s).
|_| Yes |X| No
As disclosed above, the registrant has not filed Quarterly Reports for the
quarters ended March 31, 2005 and June 30, 2005.
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected
by the earnings statements to be included in the subject report or portion
thereof?
|X| Yes |_| No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
The registrant expects that its results of operations will be
significantly better than for the corresponding period inasmuch as the
registrant is now fully operational and, on a strictly operational basis,
profitable, as compared to the corresponding period last year when the
registrant was not fully operational and operated at a loss. However, since the
financial statements have not been completed at this point, we cannot quantify
the amount of the changes.
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