KINGSLEY COACH, INC. 10KSB/A 1998
(FORMERLY MICRO-HYDRO POWER, INC.)
U. S. Securities and Exchange Commission
Washington, D.C. 20549
FORM 10-KSB/A1
[X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 1998.
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from to
--------- ---------
Commission File No. 0-21733
KINGSLEY COACH, INC. 10KSB 1998
(FORMERLY MICRO-HYDRO POWER, INC.)
(Name of Small Business Issuer in its Charter)
DELAWARE 87-0369035
(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
64 Old Route 522
Middleburg, PA 17842
--------------------------
(Address of Principal Executive Offices)
(570)837-7114
-------------
Registrant's Telephone Number
Item 6. Management Discussion and Analysis of Plan of Operation
- ---------------------------------------------------------------
The following inserted at the end of management and analysis of operations
The Year 2000, or Y2K problem concerns potential failure of certain
computer software to correctly process information because of the software's
inability to calculate dates. We rely minimally on computers or computer
applications and software, and believe that our manual systems can serve as
adequate backup should a Y2K issue develop. We have reviewed and tested our
computer systems and applications and believe that they are Y2K compliant. We
can give no assurance that third parties with whom we do business or intend to
do business will ensure Year 2000 compliance in a timely manner or that, if
they do not, their computer systems will not have an adverse effect on us.
However, we do not believe that Year 2000 compliance issues of such third
parties will result in a material adverse effect on our financial condition or
results of operations. We have only one vendor, Thor America, Inc., a
subsidiary of Thor Industries, Inc., upon which we rely upon substantially for
our operations. Thor disclosed in its 10Q for the quarter ended April 30,
1999, that its computer systems are 76% Y2K compliant, and that it intends to
have all systems compliant by July 31, 1999.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this Report to be
signed on its behalf by the undersigned, thereunto duly authorized.
KINGSLEY COACH, INC.
Date: By 12-20-99 By/S/Ralph Dickenson
--------------------
Ralph Dickenson, Chairman and President
