1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 10-SB
Amendment No. 1
GENERAL FORM FOR REGISTRATION OF SECURITIES OF SMALL BUSINESS
ISSUERS UNDER SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE
ACT OF 1934
SunVest Resorts, Inc.
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(Name of Small Business Issuer in Its Charter)
Florida 65-0693150
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(State or Other Jurisdiction of (I.R.S. Employer
Incorporation or Organization) Identification No.)
307 South 21st Avenue, Hollywood, Florida 33020
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(Address of Principal Executive Offices) (Zip Code)
(954) 922-6070
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(Issuer's Telephone Number, Including Area Code)
Securities registered under Section 12(b) of the Exchange Act:
Name of Each Exchange
Title of Each Class on Which Registered
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None None
___________________ _____________________
Securities registered under Section 12(g) of the Exchange Act:
Common Stock, $.02 par value
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(Title of Class)
[LETTERHEAD OF HIXSON, MARIN, POWELL & DESANCTIS, P.A.]
INDEPENDENT AUDITORS' REPORT
Board of Directors and Shareholders
Sunvest Resorts, Inc. and Subsidiaries
Hollywood, Florida
We have audited the accompanying consolidated balance sheets of
Sunvest Resorts, Inc. and Subsidiaries as of December 31, 1998
and 1997, and the related consolidated statements of operations,
shareholders' deficit and cash flows for the years then ended.
These financial statements are the responsibility of the
Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that
our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to
above present fairly, in all material respects, the financial
position of Sunvest Resorts, Inc. and Subsidiaries, as of
December 31, 1998 and 1997, and the results of their operations
and their cash flows for the years then ended in conformity with
generally accepted accounting principles.
/s/ HIXSON, MARIN, POWELL & DESANCTIS, P.A.
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HIXSON, MARIN, POWELL & DESANCTIS, P.A.
North Miami Beach, Florida
June 15, 1999
SIGNATURES
In accordance with Section 12 of the Securiies Exchange Act of 1934,
the registrant caused this Amendment No. 1 to the registration statement
to be signed on its behalf by the undersigned, thereunto duly authorized.
SUNVEST RESORTS, INC.
(Registrant)
December 9, 1999 By: /S/ Herbert Hirsch
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Herbert Hirsch
President and Chief
Executive Officer
