BB's Stock Haven

[pensandoenti67]

ETCR - Thanks for the postings READ also, I also found this on their annual report:

http://biz.yahoo.com/e/060118/etcr.pk10ksb_a.html


Financial Position

The Company had $220 in cash as of December 31, 2004 and no other assets. The Company's liabilities were $2,106,877 and it had a working capital deficit of $2,106,657. The Company had $30,602 in revenues during 2004 and no revenues during 2003, its general and administrative expenses were $218,767 and $579,387, respectively, during these periods and its net losses were $274,654 and $741,911, respectively, during these periods.

The Company does not have sufficient funds to execute its business plan or pay its current liabilities. There is no assurance that the Company will be successful in developing its electronic system to provide solutions for the prescription drug and healthcare industry or the Veriscrip(TM) System.

Plan of Operation

Equity Technologies & Resources, Inc., is a development stage company and has no current business operations. In December 2000 the Company acquired all of the common stock in Verified Prescription Safeguards, Inc., with the intention of developing an electronic system to provide solutions for the prescription drug and healthcare industry. The Company has a business plan and will seek to obtain favorable funding from sources outside its principal shareholders during the next twelve months. There can be no assurance that the Company will be successful in obtaining additional funding.


These can be issued any day!

On April 21, 2003, the Company entered into an agreement with a former consultant whereby the Company owes this consultant a total of $199,650 as payment for services rendered. Under the terms of this agreement, this entire liability may be satisfied by the issuance of 6,655,000 shares of the Company's common stock. As of October 31, 2005, these shares have not been issued and the liability of $199,650 is recorded in the accompanying consolidated balance sheet in accrued expenses.