SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-KSB
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the year ended December 31, 1998.Commission File No. 000-
23959
LAS VEGAS SPORTS AND CELEBRITY HALL OF FAME, INC.
(Exact name of registrant as specified in its charter)
Nevada 86-0874368
(State of organization) (I.R.S. Employer Identification No.)
7910 Bermuda Road, Las Vegas, NV 89123
(Address of principal executive offices)
Registrant's telephone number, including area code (702) 898-3765
Securities registered under Section 12(g) of the Exchange Act:
Common stock, $0.001 par value per share
Registrant's Attorney: Daniel G. Chapman, Esq., 2080 E. Flamingo
Road, Suite 112, Las Vegas, NV 89119, (702) 650-5660
Check whether the issuer (1) filed all reports required to be
file by Section 13 or 15(d) of the Exchange Act during the past
12 months and (2) has been subject to such filing requirements
for the past 90 days. Yes X
Check if there is no disclosure of delinquent filers in response
to Item 405 of Regulation S-B not contained in this form, and no
disclosure will be contained, to the best of registrant's
knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any
amendments to this Form 10-KSB. [ X ]
Issuer's Revenue during the year ended December 31, 1998: $ 0
Aggregate market value of the voting and non-voting common equity
held by non-affiliates based on the price of N/A per share (the
selling or average bid and asked price) as of March 29, 1999:
N/A.
NOTE: The company's stock is not, and has not, been traded or
quoted, and the book value is negative. Therefore, there is no
way to ascertain a market value for the stock.
DOCUMENTS INCORPORATED BY REFERENCE:
The Company's form 10, filed on March 27, 1998, and the exhibits
attached thereto, are incorporated by reference.
PART I
ITEM 1. DESCRIPTION OF BUSINESS
Background
Las Vegas Sports and Celebrity Hall of Fame, Inc. (the "Company")
is a Nevada corporation formed on February 7, 1991. Its principal
place of business is located at 7910 Bermuda Road, Las Vegas, NV
89123. The Company was organized to engage in any lawful
corporate business, including but not limited to, participating
in mergers with and acquisitions of other companies. The Company
has been in the developmental stage since inception and has no
operating history other than organizational matters.
On February 8, 1991, the Company issued a total of 5,000 shares
of its Common Stock to two founders, Charles F. Richards, Jr. and
David L. Christensen, at a price of $1.00 per share, for a total
of $5,000. Charles Richards, Jr. gifted some of his shares to 15
friends and business acquaintances, one of whom was Andrew W.
Berney. Mr. Berney then gifted some of his shares to a total of
14 friends and business acquaintances. All transfers were exempt
from the registration requirements of Section 5 of the Securities
Exchange Act of 1934, as amended, (the "Act") as provided in
Section 4 of that Act.
On June 6, 1997, the Company amended its Articles of
Incorporation, increasing the authorized number of capital shares
from 25,000 to 50,000,000 common shares. The Company also
assigned a par value of $0.001 to the common shares, and
authorized a forward split of the currently issued and
outstanding stock on a 1,200:1 basis, thereby increasing the
number of issued and outstanding shares from 5,000 to 6,000,000
common shares.
The primary activity of the Company currently involves seeking a
company or companies that it can acquire or with whom it can
merge. The Company has not selected any company as an acquisition
target or merger partner and does not intend to limit potential
candidates to any particular field or industry, but does retain
the right to limit candidates, if it so chooses, to a particular
field or industry. The Company's plans are in the conceptual
stage only.
The Board of Directors has elected to begin implementing the
Company's principal business purpose, described below under "Item
2, Plan of Operation". As such, the Company can be defined as a
"shell" company, whose sole purpose at this time is to locate and
consummate a merger or acquisition with a private entity.
The proposed business activities described herein classify the
Company as a "blank check" company. Many states have enacted
statutes, rules, and regulations limiting the sale of securities
of "blank check" companies in their respective jurisdictions.
Management does not intend to undertake any efforts to cause a
market to develop in the Company's securities until such time as
the Company has successfully implemented its business plan.
The Company's business is subject to numerous risk factors. These
are described in the Company's Form 10 and are incorporated by
this reference to Item 1 of that document.
ITEM 2. DESCRIPTION OF PROPERTY.
The Company neither owns nor leases any real property at this
time. The Company does have the use of a limited amount of office
space from one of the directors, John Michael Eckert, at no cost
to the Company, and Management expects this arrangement to
continue. The Company pays its own charges for long distance
telephone calls and other miscellaneous secretarial,
photocopying, and similar expenses. This is a verbal agreement
between John Michael Eckert and the Board of Directors.
ITEM 3. LEGAL PROCEEDINGS
The Company is not a party to any material pending legal
proceedings and, to the best of its knowledge, no such action by
or against the Company has been threatened.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No such matters were submitted during the fourth quarter of 1998.
PART II
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS.
The Company's Articles of Incorporation authorizes the issuance
of 50,000,000 shares of Common Stock, $0.001 par value per share,
of which 6,000,000 are issued and outstanding. The shares are non-
assessable, without pre-emptive rights, and do not carry
cumulative voting rights. Holders of common shares are entitled
to one vote for each share on all matters to be voted on by the
stockholders. The shares are fully paid, non-assessable, without
pre-emptive rights, and do not carry cumulative voting rights.
Holders of common shares are entitled to share ratably in
dividends, if any, as may be declared by the Company from time-to-
time, from funds legally available. In the event of a
liquidation, dissolution, or winding up of the Company, the
holders of shares of common stock are entitled to share on a pro-
rata basis all assets remaining after payment in full of all
liabilities.
As of October 19, 1999, there were 6,000,000 issued and
outstanding shares of the Registrant's common stock. Of these,
3,210,00 are restricted and are subject to resale restrictions
and, unless registered under the Securities Act or exempted under
another provision of the Securities Act, will be ineligible for
sale in the public market. Sales may be made after two years from
their acquisition in accordance with Rule 144 promulgated under
the Securities Act.. There are approximately 31 shareholders of
the common stock. There is no active market for the registrant's
securities.
Dividends
The Registrant has not paid any dividends to date, and has no
plans to do so in the immediate future.
Recent Sales of Unregistered Securities.
With respect to the sales and transfers made, the Registrant
relied on Section 4(2) of the Securities Act of 1933, as amended.
No advertising or general solicitation was employed in offering
the shares. The securities were offered for investment only and
not for the purpose of resale or distribution, and the transfer
thereof was appropriately restricted.
Of the 6,000,000 shares outstanding, a total of 3,210,000 are
restricted and may not be sold other than pursuant to a
registration statement being in effect, pursuant to an exemption
from registration, or in accordance with Rule 144. In general,
under Rule 144, a person (or persons whose shares are aggregated)
who has satisfied a one year holding period, under certain
circumstances, may sell within any three-month period a number of
shares which does not exceed the greater of one percent of the
then outstanding Common Stock or the average weekly trading
volume during the four calendar weeks prior to such sale. Rule
144 also permits, under certain circumstances, the sale of shares
without any quantity limitation by a person who has satisfied a
two-year holding period and who is not, and has not been for the
preceding three months, an affiliate of the Company.
ITEM 6. MANAGEMENT'S PLAN OF OPERATION
NOTE REGARDING PROJECTIONS AND FORWARD LOOKING STATEMENTS
This statement includes projections of future results and
"forward-looking statements" as that term is defined in Section
27A of the Securities Act of 1933 as amended (the "Securities
Act"), and Section 21E of the Securities Exchange Act of 1934 as
amended (the "Exchange Act"). All statements that are included in
this Registration Statement, other than statements of historical
fact, are forward-looking statements. Although Management
believes that the expectations reflected in these forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Important factors
that could cause actual results to differ materially from the
expectations are disclosed in this Statement, including, without
limitation, in conjunction with those forward-looking statements
contained in this Statement.
Plan of Operation
The Company's Plan of Operation has not changed since the filing
of its amended Form 10-SB. The description of the current plan of
operation is incorporated by reference to Section 2 of that
amended Form 10-SB filed with the SEC on May 10, 1999.
Competition
The Company is an insignificant participant among firms which
engage in business combinations with, or financing of,
development-stage enterprises. There are many established
management and financial consulting companies and venture capital
firms which have significantly greater financial and personal
resources, technical expertise and experience than the Company.
In view of the Company's limited financial resources and
management availability, the Company will continue to be at
significant competitive disadvantage vis-a-vis the Company's
competitors.
Year 2000 Compliance
The Company is aware of the issues associated with the
programming code in existing computer systems as the year 2000
approaches. The Company has assessed these issues as they relate
to the Company, and since the Company currently has no operating
business and does not use any computers, and since it has no
customers, suppliers or other constituents, it does not believe
that there are any material year 2000 issues to disclose in this
report.
Employees
The Company's only employees at the present time are its officers
and directors, who will devote as much time as the Board of
Directors determine is necessary to carry out the affairs of the
Company.
ITEM 7. FINANCIAL STATEMENTS.
The financial statements and supplemental data required by this
Item 7 follow the index of financial statements appearing at Item
13 of this Form 10K-SB.
ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
ACCOUNTING AND FINANCIAL DISCLOSURE.
The Registrant has not changed accountants since its formation,
and Management has had no disagreements with the findings of its
accountants.
PART III
ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS, AND CONTROL
PERSONS
The members of the Board of Directors of the Company serve until
the next annual meeting of the stockholders, or until their
successors have been elected. The officers serve at the pleasure
of the Board of Directors.
There are no agreements for any officer or director to resign at
the request of any other person, and none of the officers or
directors named below are acting on behalf of, or at the
direction of, any other person.
The Company's officers and directors will devote their time to
the business on an "as-needed" basis, which is expected to
require 5-10 hours per month.
Information as to the directors and executive officers of the
Company is as follows:
<TABLE>
<S> <C> <C>
Name/Address Age Position
Charles F. Richards, 56 President/Direc
Jr. tor
David L. Christensen 51 Secretary/Director
John Michael Eckert 52 Treasurer/Director
</TABLE>
The biographies of Messrs. Richards, Christensen, and Eckert,
together with a description of their experience with blank-check
companies is included in the Company's Amended Form 10-SB, and is
incorporated by reference to section 5 of that document.
ITEM 10. EXECUTIVE COMPENSATION
No compensation of directors or executive officers is paid or
anticipated to be paid by the Company until an acquisition is
completed. On acquisition of a target company, current management
may resign and be replaced by persons associated with the
business acquired, particularly if the Company participates in
the target company by effecting a reorganization, merger, or
consolidation. If any member of current management remains after
effecting an acquisition, that member's time commitment will
likely be adjusted based on the nature and method of the
acquisition and location of the business. That time commitment
cannot be predicted prior to the acquisition. Compensation of
management will be determined by the board of directors in place
after the acquisition, and shareholders of the Company will not
have the opportunity to vote on or approve such compensation.
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT.
The following tables set forth information relating to the
beneficial ownership of the Company's common stock by those
persons holding beneficially more than 5% of the Company's
capital stock, by the Company's directors and executive officers,
and by all of the Company's directors and executive officers as a
group.
a) Security Ownership of Certain Beneficial Owners
<TABLE>
<S> <C> <C> <C>
Title of Name and Address of Amount and Percent of Class
Class Beneficial Owner Nature of
Beneficial
Ownership
Common David L. Christensen 3,000,000 50.00%
7900 Four Seasons
Drive
Las Vegas, NV 89129
Common John Michael Eckert 90,000 1.50%
7910 Bermuda Rd
Las Vegas, NV 89123
</TABLE>
b) Security Ownership of Management
<TABLE>
<S> <C> <C> <C>
Title of Name and Address of Amount and Percent of Class
Class Beneficial Owner Nature of
Beneficial
Ownership
Common Charles F. Richards, Jr. 120,000 2.00%
3065 Sunset Blvd.
Belleaire Bluff, FL
33770
Common David L. Christensen 3,000,000 50.00%
7900 Four Seasons Drive
Las Vegas, NV 89129
Common John Michael Eckert 90,000 1.50%
7910 Bermuda Rd
Las Vegas, NV 89123
Common All directors and 3,210,000 53.50%
officers as a group (3
individuals)
</TABLE>
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
None.
ITEM 13. FINANCIAL STATEMENTS AND EXHIBITS.
FINANCIAL STATEMENTS
Reports of Independent Auditor, Barry L. Friedman,
P.C., dated March 10, 1999.
Balance Sheet as of December 31, 1998, December 31,
1997 and December 31, 1996.
Statement of Operation for the years ended December 31,
1998, December 31, 1997 and December 31, 1996.
Statement of Stockholders' Equity.
Statement of Cash Flows for the years ended December
31, 1998, December 31, 1997, and December 31, 1996.
Notes to Financial Statements
INDEPENDENT AUDITORS' REPORT
Board of Directors October 22, 1999
Las Vegas Sports and Celebrity Hall of Fame, Inc.
Las Vegas, Nevada
I have audited the accompanying Balance Sheets of Las Vegas
Sports and Celebrity Hall of Fame, Inc. (A Development Stage
Company), as of December 31, 1998, December 31, 1997, and
December 31, 1996, and the related statements of operations,
stockholders' equity and cash flows for the three years ended
December 31, 1998, December 31, 1997, and December 31, 1996.
These financial statements are the responsibility of the
Company's management. My responsibility is to express an opinion
on these financial statements based on my audit.
I conducted my audit 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. I believe that my
audit provides a reasonable basis for my opinion.
In my opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of Las
Vegas Sports and Celebrity Hall of Fame, Inc. (A Development
Stage Company), as of December 31, 1998, December 31, 1997, and
December 31, 1996, and the results of its operations and cash
flows for the three years ended December 31, 1998, December 31,
1997, and December 31, 1996, in conformity with generally
accepted accounting principles.
The accompanying financial statements have been prepared assuming
the Company will continue as a going concern. As discussed in
Note #5 to the financial statements, the Company has suffered
recurring losses from operations and has no established source of
revenue. This raises substantial doubt about its ability to
continue as a going concern. Management's plan in regard to these
matters is described in Note #5. These financial statements do
not include any adjustments that might result from the outcome of
this uncertainty.
/s/ Barry L. Friedman
Barry L. Friedman
Certified Public Accountant
Las Vegas Sports and Celebrity Hall of Fame, Inc.
(A Development Stage Company)
BALANCE SHEET
<TABLE>
<S> <C> <C> <C>
December 31, December 31, December 31,
1998 1997 1996
ASSETS
CURRENT ASSETS: 0 0 0
TOTAL CURRENT ASSETS 0 0 0
OTHER ASSETS; 0 0 0
TOTAL OTHER ASSETS 0 0 0
TOTAL ASSETS 0 0 0
LIABILITIES AND STOCKHOLDERS'
EQUITY
CURRENT LIABILITIES;
Officers Advances 3,600 1,890 0
TOTAL CURRENT LIABILITIES 3,600 1,890 0
STOCKHOLDERS' EQUITY;
Common stock, $1.00 par value, $5,000
authorized 25,000,000 shares
issued and outstanding
December 31, 1996 - 5,000
Common stock, $0.001 par value, $6,000
authorized 50,000,000 shares
issued and outstanding
December 31, 1997 -6,000,000
December 31, 1998 - 6,000,000 $6,000
Additional paid-in Capital -1,000 -1,000 0
Accumulated loss -8,600 -6,890 -5,000
TOTAL STOCKHOLDERS' EQUITY -3,600 -1,890 0
TOTAL LIABILITIES AND 0 0 0
STOCKHOLDERS' EQUITY
</TABLE>
Las Vegas Sports and Celebrity Hall of Fame, Inc.
(A Development Stage Company)
STATEMENT OF OPERATION
<TABLE>
<S> <C> <C> <C> <C>
Year Year Year Ended Feb. 7,
Ended Ended Dec. 31, 1991
Dec. 31, Dec. 31, 1996 (Inception
1998 1997 ) to Dec.
31, 1998
INCOME:
Revenue 0 0 0 0
EXPENSES:
Accounting 950 950 0 1,900
Filing Fees 85 940 0 1,025
General, Selling 675 0 0 5,675
and
Administrative
Total Expenses 1,710 1,890 0 8,600
Net Profit/Loss(--1,710 -1,890 0 -8,600
)
Net Profit/Loss -.0003 -.0003 NIL -.0014
(-) Per weighted
Share (Note 2)
Weighted average 6,000,000 6,000,000 6,000,000 6,000,000
Number of common
Shares
outstanding
</TABLE>
See accompanying notes to financial statements & audit report
Las Vegas Sports and Celebrity Hall of Fame, Inc.
(A Development Stage Company)
STATEMENT OF STOCKHOLDERS' EQUITY
<TABLE>
<S> <C> <C> <C> <C>
Common Shares Stock Amount Additional paid- Accumulated
in Capital Deficit
Balance, 5,000 $5,000 0 -5,000
December 31, 1995
Net loss year ended 0
December 31, 1996
Balance, 5,000 $5,000 0 -5,000
December 31, 1996
February 14, 1997 5,995,000 +5,995 -5,995
Forward Stock Split
1,200:1
Net loss year ended -1,890
December 31, 1997
Balance, 6,000,000 $6,000 -1,000 -6,890
December 31, 1997
Net loss year ended -1,710
December 31, 1998
Balance, 6,000,000 $6,000 -1,000 -8,600
December 31, 1998
</TABLE>
See accompanying notes to financial statements & audit report.
Las Vegas Sports and Celebrity Hall of Fame, Inc.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
<TABLE>
<S> <C> <C> <C> <C>
Year Ended Dec. Year Ended Dec. Year Ended Dec. Feb. 7, 1991
31, 1998 31, 1997 31, 1996 (Inception) to
Dec. 31, 1998
Cash Flows from
Operating Activities:
Net Loss -1,710 -1,890 0 -8,600
Adjustment to 0 0 0 0
Reconcile net loss to
cash provided by
operating activities:
Changes in Assets and
Liabilities:
Increase in current
Liabilities:
Officers Advances +1,710 +1,890 0 +8,600
Net cash used in 0 0 0 -5,000
operating activities
Cash Flows from 0 0 0 0
Investing Activities
Cash Flows from 0 0 0 +5,000
Financing Activities:
Issuance of common 0 0 0 0
stock
Net increase 0 0 0 0
(decrease) in cash
Cash, Beginning of 0 0 0 0
period
Cash, end of period 0 0 0 0
</TABLE>
See accompanying notes to financial statements & audit report
Las Vegas Sports and Celebrity Hall of Fame, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
December 31, 1998, and December 31, 1997
NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY
The Company was organized February 7, 1991, under the laws of the
State of Nevada as Las Vegas Sports and Celebrity Hall of Fame,
Inc. The Company currently has no operations and in accordance
with SFAS #7, is considered a development company.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Method
The Company records income and expenses on the accrual method.
Estimates
The preparation of financial statements in conformity with
generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the
reported amounts of revenue and expenses during the reporting
period. Actual results could differ from those estimates.
Cash and equivalents
The Company maintains a cash balance in a non-interest-bearing
bank that currently does not exceed federally insured limits. For
the purpose of the statements of cash flows, all highly liquid
investments with the maturity of three months or less are
considered to be cash equivalents. There are no cash equivalents
as of December 31, 1998.
Income Taxes
Income taxes are provided for using the liability method of
accounting in accordance with Statement of Financial Accounting
Standards No. 109 (SFAS #109) "Accounting for Income Taxes". A
deferred tax asset or liability is recorded for all temporary
difference between financial and tax reporting. Deferred tax
expense (benefit) results from the net change during the year of
deferred tax assets and liabilities.
Organization Costs
Costs incurred to organize the Company are being amortized on a
straight-line basis over a sixty-month period.
Loss Per Share
Net loss per share is provided in accordance with Statement of
Financial Accounting Standards No. 128 (SFAS #128) "Earnings Per
Share". Basic loss per share is computed by dividing losses
available to common stockholders by the weighted average number
of common shares outstanding during the period. Diluted loss per
share reflects per share amounts that would have resulted if
dilative common stock equivalents had been converted to common
stock. As of December 31, 1998, the Company had no dilative
common stock equivalents such as stock options.
Year End
The Company has selected December 31st as its year-end.
Year 2000 Disclosure
The year 2000 issue is the result of computer programs being
written using two digits rather than four to define the
applicable year. Computer programs that have time sensitive
software may recognize a date using "00" as the year 1900 rather
than the year 2000. This could result in a system failure or
miscalculations causing disruption of normal business activities.
Since the Company currently has no operating business and does
not use any computers, and since it has no customers, suppliers
or other constituents, there are no material Year 2000 concerns.
NOTE 3 - INCOME TAXES
There is no provision for income taxes for the period ended
December 31, 1998, due to the net loss and no state income tax in
Nevada, the state of the Company's domicile and operations. The
Company's total deferred tax asset as of December 31, 1998 is as
follows:
Net operation loss carry forward $8,600
Valuation allowance $8,600
Net deferred tax asset $ 0
The federal net operation loss carry forward will expire in
various amounts from 2011 to 2018.
This carry forward may be limited upon the consummation of a
business combination under IRC Section 381.
NOTE 4 - STOCKHOLDERS' EQUITY
Common Stock
The authorized common stock of the corporation consists of
50,000,000 shares with a par value of $0.001 per share.
Preferred Stock
The corporation has no preferred stock.
On February 8, 1991, the Company issued 5,000 shares of its $1.00
par value Common Stock in consideration of $5,000.00 in cash.
On February 14, 1997, the Company restated its Articles of
Incorporation. The Company authorized an increase in its
capitalization from 25,000 Common shares at $1.00 par value to
50,000,000 Common Shares with a par value of $0.001.
On February 14, 1997, the Company had a 1,200 to 1 forward stock
split, increasing the number of outstanding Common Shares from
5,000 to 6,000,000 Common Shares.
NOTE 5 - GOING CONCERN
The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern
which contemplates the realization of assets and liquidation of
liabilities in the normal course of business. However, the
Company does not have significant cash or other material assets,
nor does it have an established source of revenues sufficient to
cover its operating costs and to allow it to continue as a going
concern. It is the intent of the Company to seek a merger with an
existing, operating company. Until that time, the
stockholders/officers and or directors have committed to
advancing the operating costs of the Company interest free.
NOTE 6 - RELATED PARTY TRANSACTIONS
The Company neither owns nor leases any real or personal
property. An officer of the corporation provides office services
without charge. Such costs are immaterial to the financial
statements and accordingly, have not been reflected therein. The
officers and directors of the Company are involved in other
business activities and may, in the future, become involved in
other business opportunities. If a specific business
opportunity becomes available, such persons may face a conflict
in selecting between the Company and their other business
interests. The Company has not formulated a policy for the
resolution of such conflicts.
NOTE 7 - WARRANTS AND OPTIONS
There are no warrants or options outstanding to acquire any
additional share of common stock.
EXHIBITS
The exhibits, consisting of the Company's Articles of
Incorporation and Bylaws, are attached to the Company's Form 10,
filed on March 28, 1999. These exhibits are incorporated by
reference to that Form.
SIGNATURES
In accordance with Section 13 or 15(d) of the Securities Exchange
Act, the Registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
Las Vegas Sports and Celebrity Hall
of Fame, Inc.
By: /s/ Charles F. Richards, Jr.
Charles F. Richards, Jr.,
President
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C> <C> <C>
<PERIOD-TYPE> YEAR YEAR YEAR
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1997 DEC-31-1996
<PERIOD-END> DEC-31-1998 DEC-31-1997 DEC-31-1996
<CASH> 0 0 0
<SECURITIES> 0 0 0
<RECEIVABLES> 0 0 0
<ALLOWANCES> 0 0 0
<INVENTORY> 0 0 0
<CURRENT-ASSETS> 0 0 0
<PP&E> 0 0 0
<DEPRECIATION> 0 0 0
<TOTAL-ASSETS> 0 0 0
<CURRENT-LIABILITIES> 3,600 1,890 0
<BONDS> 0 0 0
0 0 0
0 0 0
<COMMON> 5,000 5,000 5,000
<OTHER-SE> (8,600) (6,890) (5,000)
<TOTAL-LIABILITY-AND-EQUITY> 0 0 0
<SALES> 0 0 0
<TOTAL-REVENUES> 0 0 0
<CGS> 0 0 0
<TOTAL-COSTS> 0 0 0
<OTHER-EXPENSES> 1,710 1,890 0
<LOSS-PROVISION> (1,710) (1,890) 0
<INTEREST-EXPENSE> 0 0 0
<INCOME-PRETAX> 0 0 0
<INCOME-TAX> 0 0 0
<INCOME-CONTINUING> (1,710) (1,890) 0
<DISCONTINUED> 0 0 0
<EXTRAORDINARY> 0 0 0
<CHANGES> 0 0 0
<NET-INCOME> (1,710) (1,890) 0
<EPS-BASIC> 0 0 0
<EPS-DILUTED> 0 0 0
