Replies to post #1178 on Paychest Inc (PYCT)

[Jim Bishop]

Found this cached page with some sort of Equity Retirement financials filed in Belize.

http://216.239.57.104/search?q=cache:H4ywQitjy6EJ:www.bise.bz/news/2003041001.htm+%22EQUITY+Retireme...

Belize International Stock Exchange
NEWS RELEASE



Equity Retirement Distributors (Canada) Ltd. (ERDLF and ERDLFP) Release Financial Statements.
Thursday 10th April 2003
These ERDL Financials were prepared by ERDL's management and have been forwarded to our external auditors for their audit and certification. A certified audit according to international standards is being prepared.

Interim Financial Statements (Unaudited)
As of March 31, 2003

Assets

Current Assets:
None

Long Term Assets:
Equity in wholly-owned subsidiary (Note 2) ………………$ 68,395,000,000

Total Assets $ 68,395,000,000
============


Liabilities and Capital

Current Liabilities:
None

Long Term Liabilities:
None

Total Liabilities None


Capital:
Capital Stock - Authorized and Issued $ 68,395,000,000

Total Liabilities and Capital $ 68,395,000,000
============


Notes to Financial Statements


Note 1: Until January, 2003, this was a non-operating corporation. On January 24, 2003,
the company completed an all-shares purchase of Fire’s Glow LLC (Oregon),
which is now a wholly owned subsidiary .

Note 2: The primary assets of Fire’s Glow LLC, the wholly owned subsidiary of Equity
Retirement Distributors (Canada) Limited, consist of deeded mineral claims that
have been registered with the Bureau of Land Management and appraised as of
March 17, 2003, at a market value in excess of US$70 billion.

Note 3: Shares of Equity Retirement Distributors (Canada) Limited (ERDL) are publicly
traded on the Belize International Stock Exchange (BISE) and over-the-counter
on “Pink Sheets”. Nevertheless, ERDL does not conduct public offerings or
public distributions of its stock. As such, ERDL is not a “offering corporation”
as defined in Section 1(1) of the Ontario Business Corporations Act, or a
“reporting issuer” as defined in Section 1(1) of the Ontario Securities Act.
ERDL is exempt from reporting, registration and prospectus requirements
in Canada and the United States, as well as other jurisdictions.

Note 4: The financial statements were prepared under the historical cost convention
on an accrual basis.