SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10QSB
Quarterly Report under Section 13 or 15(d) of
the Securities Exchange Act of 1934
For Quarter Ended Commission File Number
----------------- ----------------------
September 30, 2000 000-28711
MIND2MARKET, INC.
----------------------------------
(Exact name of registrant as specified in its charter)
Colorado 84-1361341
-------------------------------- -------------------
(State of incorporation) (I.R.S. Employer
Identification No.)
1625 Abilene Dr., Broomfield, Colorado 80020
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 438-9185
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to the filing
requirements for at least the past 90 days.
Yes X No
----- ------
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
3,381,600 common shares as of September 30, 2000
<PAGE>
<TABLE>
<CAPTION>
Mind2Market, Inc.
(A Development Stage Company)
Unaudited Balance Sheet
<S> <C> <C>
Nine Months Ending Year Ending
September 30, 2000 December 31, 1999
ASSETS
Current Assets
Cash $ 331 $ 1,336
Accounts Receivable - -
Inventories 19,912 17,807
Related Party Receivable
--------------- -------------
Total Current Assets 20,243 19,143
Property, Plant & Equipment
Property, Plant & Equipment 42,801 41,270
Less Accumulated Depreciation (19,016) (14,877)
--------------- -------------
Net Property, Plant & Equipment 23,785 26,393
Other Assets
Prepaid loan costs 50,000 50,000
Manufacturing and marketing rights 318,134 312,500
Less accumulated amortization (87,426) (76,265)
--------------- -------------
Total Other Assets 280,708 286,235
--------------- -------------
TOTAL ASSETS $ 324,736 $ 331,771
=============== =============
LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities
Accounts Payable $ 314,456 $ 11,700
Accrued salaries $ 39,569 10,569
Payroll taxes payable 3,552 3,552
Loan from stockholder - -
--------------- -------------
Total Current Liabilities 357,577 25,821
Long Term Liabilities
Stockholder Loans 50,000 130,947
--------------- -------------
Total Long Term Liabilities 50,000 130,947
Stockholder's Equity
Preferred stock: authorized 5,000,000 shares $0.10 par value;
none issued
Common stock: authorized 50,000,000 shares $0.0001 par value
3,381,600 issued at December and June 2,782 338
Paid in Capital 614,241 523,615
Retained Earnings (Deficit) (699,864) (348,950)
--------------- -------------
Total Stockholder's Equity (82,841) 175,003
--------------- -------------
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY $ 324,736 $ 331,771
=============== =============
</TABLE>
SEE ACCOMPANYING NOTES
F-1
<PAGE>
<TABLE>
<CAPTION>
Mind2Market, Inc.
(A Development Stage Company)
Unaudited Statement of Operations
<S> <C> <C> <C> <C>
Nine Months Ending September 30 Three Months Ending September 30
2000 1999 2000 1999
REVENUES
Sales $ 284 $ - $ - $ -
-------------- ------------- -------------- -------------
TOTAL REVENUES 284 - - -
COST OF GOODS SOLD
Cost of Sales - - -
-------------- ------------- -------------- -------------
TOTAL COST OF GOODS SOLD - - - -
Gross Profit 284 - - -
OPERATING COSTS
Administrative & Overhead 350,926 22,525 334,170 5,272
-------------- ------------- -------------- -------------
TOTAL OPERATING COSTS 350,926 22,525 334,170 5,272
OTHER INCOME (EXPENSE)
Interest Income 25
Interest Expense (271) - -
-------------- ------------- -------------- -------------
TOTAL OTHER INCOME (EXPENSE) (271) 25 - -
NET INCOME (LOSS) $ (350,913) $ (22,500) $ (334,170) $ (5,272)
============== ============= ============== =============
Net Loss per Share (0.02) (0.01) (0.02) (0.00)
Weighted Average Common Shares 15,599,862 3,226,600 15,599,862 3,226,600
</TABLE>
SEE ACCOMPANYING NOTES
F-2
<PAGE>
<TABLE>
<CAPTION>
Mind2Market, Inc.
(A Development Stage Company)
UNAUDITED STATEMENT OF CASH FLOWS
<S> <C> <C> <C> <C>
Nine Months Ended September 30 Three Months Ended September 30
2000 1999 2000 1999
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss $ (350,913) $ (22,500) $ (334,170) $ (5,272)
Adjustments to reconcile net loss to
cash used in operating activities:
Depreciation 4,140 4,108 - -
Amortization 11,161 11,161 - -
(Increase) Decrease in current assets (2,104) (3,000) (1) (1)
Increase (Decrease) in current liabilities 331,756 (25,053) 335,240 4,500
(Increase) Decrease in other assets (5,636) (2,374) -
------------ ----------- ------------ -------------
NET CASH PROVIDED (USED) BY (11,596) (35,284) (1,305) (773)
OPERATING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Increase (Decrease) in notes payable
Increase (Decrease) in stockholder loans (80,947) 14,200 (91,695) 700
------------ ----------- ------------ -------------
NET CASH FLOWS FROM FINANCING ACTIVITIES (80,947) 14,200 (91,695) 700
CASH FLOWS FROM INVESTING ACTIVITIES
(Purchase) Sale of property and equipment (1,531) (380) - -
Capital received 93,069 15,000 93,069 -
------------ ----------- ------------ -------------
NET CASH FLOWS FROM INVESTING ACTIVITIES 91,538 14,620 93,069 -
NET INCREASE (DECREASE) IN CASH (1,005) (6,464) 69 (73)
CASH AT BEGINNING OF PERIOD 1,336 8,349 262 1,958
CASH AT END OF PERIOD $ 331 $ 1,885 $ 331 $ 1,885
============ =========== ============ =============
</TABLE>
SEE ACCOMPANYING NOTES
F-3
<PAGE>
<TABLE>
<CAPTION>
Mind2Market, Inc.
(A DEVELOPMENT STAGE COMPANY)
UNAUDITED STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY
For the Period from December 31, 1998 to September 30, 2000
<S> <C> <C> <C> <C> <C>
Additional Accumulated
Common Stock Paid-In
Shares Amount Capital Deficit Total
------------ ----------- ------------ -----
Balance - December 31, 1998 3,226,600 $ 323 $ 457,392 (249,093) 208,622
Issue stock for services 125,000 13 51,226 - 51,239
Issue stock for cash 30,000 3 14,997 15,000
Net Loss for year - - - (99,858) (99,858)
------------ ----------- ----------- ------------ ---------
Balance - December 31, 1999 3,381,600 338 523,615 (348,951) 175,002
------------ ----------- ----------- ------------ ---------
Shares issued to settle loans 696,523 70 90,626 90,695
Shares issued to acquire 23,740,000 2,374 - 2,374
technology rights
Net Loss for nine months (350,913) (350,913)
------------ ----------- ----------- ------------ ---------
Balance - September 30, 2000 27,818,123 $ 2,782 $ 614,241 $ (699,864) $ (82,842)
============ =========== =========== ============ ==========
</TABLE>
SEE ACCOMPANYING NOTES
F-4
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
NOTE A - DESCRIPTION OF THE BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES:
Description of the business
Mind2Market, Inc. ("the Company") was incorporated in Colorado on February
15, 1996 as NELX Marketing, Inc., a wholly owned subsidiary of NELX, Inc., a
publicly owned company. On October 14, 1996, in a corporate divestiture, the
Company was divested from NELX by issuing 600,000 shares of the Company's common
stock to NELX, Inc.'s shareholders.
Subsequent to the divestiture, the Company issued 1,000,000 shares each to
Charles Powell and Ray Williams for cash of $1,000 each, and changed its name to
Mind2Market, Inc. The Company intends to manufacture, market and distribute two
products known as Aerosearch and Aerolink, which are visual distress signal
products and will be marketed principally to the offshore and marine markets
while the Company is in the development stage.
The Company obtained rights to manufacture and market the two products by way of
assignment from NELX. In September, 1995, NELX and Radarfind, Inc., a Colorado
corporation, entered into an agreement whereby Radarfind assigned the exclusive
rights to manufacture and market the products along with an irrevocable option
for NELX to purchase the underlying patents owned by Radarfind for $50,000
subject to the payment by NELX of $150,000 of royalties to Radarfind for
subsequent sales of the products. In lieu of payment of the $50,000 and the
royalties, NELX issued 750,000 shares of its common stock to the shareholders of
Radarfind in exchange for the exclusive manufacturing and marketing rights to
the products. The 750,000 shares of NELX stock were issued as follows: 250,000
shares each to Messrs. Charles Powell and Arthur Mears, each of whom were
officers and 33-1/3% shareholders of Radarfind at the time; and the remaining
250,000 shares were issued to be held in escrow for the other shareholders of
Radarfind. NELX recorded the rights at $187,500, which was the market value of
the NELX stock issued. After incorporating the Company, NELX was unable to raise
sufficient funds to follow through with developing and marketing the products
and in October 1996 transferred the rights to the subsidiary concurrent with the
divestiture.
Effective May 15, 1997, the Company and Radarfind entered into an agreement
which will ultimately transfer the patents for the products referred to above
from Radarfind to Mind2Market, Inc. The Company will assume the obligation to
pay the royalties of $150,000 ($1.00 per unit sold). Effective on May 15, 1997,
the Company issued 250,000 shares of its common stock to be held in escrow for
the benefit of Radarfind's shareholders other than Mr. Powell and Mr. Mears. The
250,000 shares were recorded as additional cost of the manufacturing and
marketing rights in the amount of $125,000 ($.50 per share, which was the price
of shares issued for cash during the period). Upon final payment of the $150,000
in royalties, the NELX shares held in escrow and the Company shares held in
escrow will be distributed to the remaining shareholders of Radarfind, and
Radarfind will be liquidated.
F-4
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
In addition to the royalties to be paid to Radarfind, the Company will pay to
Mr. Mears a royalty of $.25 per unit for the duration of the patents.
ACCOUNTING POLICIES:
Equipment:
Equipment is recorded at cost and depreciated on the straight-line method over
the estimated useful lives.
Manufacturing and marketing rights:
The rights were recorded at cost and are being amortized over the remaining
patent period of 14 years on the straight-line method.
Advertising:
All advertising costs are expensed when incurred.
Prepaid loan costs:
Prepaid loan costs will be amortized at a rate of $1.00 per unit sold.
Use of estimates:
The preparation of financial statements in conformity with generally accepted
accounting principals 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 revenues and expenses during the reporting period.
Actual results could differ from those estimates.
Interim financial information:
The unaudited interim financial statements have been prepared on the same basis
as the audited financial statements and, in the opinion of management, include
all adjustments (consisting only of normal recurring adjustments) necessary to
present fairly the financial information set forth therein in accordance with
generally accepted accounting principles. The interim results are not
necessarily indicative of the results to be expected for any future period.
Revenue Recognition:
Product Sales are sales of products and services, if and where sold. Revenue is
recognized at the time of sale. Accounts Receivable are written off when deemed
uncollectable.
F-5
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
Income taxes:
The Company recognizes deferred tax assets and liabilities based on differences
between the financial reporting and tax bases of assets and liabilities using
the enacted tax rates and laws that are expected to be in effect when the
differences are expected to be recovered. The Company provides a valuation
allowance for deferred tax assets for which it does not consider realization of
such assets to be more likely than not.
Recent accounting pronouncements: In December 1999, the Securities and Exchange
Commission staff released Staff Accounting Bulletin No. 101, Revenue Recognition
in Financial Statements (SAB No. 101), which provides guidance on the
recognition, presentation and disclosure of revenue in financial statements. SAB
No. 101 did not impact the Company's revenue recognition policies.
In June 1998, the Financial Accounting Standards Board (FASB) issued SFAS No.
133, Accounting for Derivative Instruments and Hedging Activities. As amended by
SFAS No. 137, SFAS No. 133 is effective for all fiscal quarters of all fiscal
years beginning after June 15, 2000. SFAS No. 133 requires that all derivative
instruments be recorded on the balance sheet at their fair value. Changes in the
fair value of derivatives are recorded in each period in current earnings or
other comprehensive income, depending on whether a derivative is designed as
part of a hedge transaction and, if it is, the type of hedge transaction. The
Company has not yet determined the impact of the adoption of SFAS No. 133 on its
financial statements or business practices.
Cash and cash equivalents:
For purposes of reporting cash flows, cash and cash equivalents include cash on
hand and in banks.
F-6
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
NOTE B - LOANS FROM STOCKHOLDERS:
---------------------------------
Loans from stockholders consist of the following:
<TABLE>
<CAPTION>
DECEMBER 31, SEPTEMBER 30,
1999 2000
--------------- --------------
<S> <C> <C>
Loans from principal stockholders, unsecured,
non-interest bearing,
payable at maturity, January $80,946 $ 0
1, 2002
Loans from other stockholders, unsecured, non-interest
bearing,
payable at a rate based on the units of product
sold (see below) 50,000 50,000
--------------- --------------
$130,946 $ 50,000
=============== ==============
</TABLE>
During April 1998, the Company received loans from five individuals totaling
$50,000 for the purpose of providing funds for production setup of one of the
Company's products. As consideration for the loans, the Company issued 100,000
shares of its common stock to the individuals, and agreed to repay the loans at
a rate of $3.00 per unit of product sold for the first 16,667 units sold, then
the payment will be reduced to $1.00 per unit for the next 50,000 units sold.
The total payments will aggregate $100,000, or twice the original amount of the
loans. The 100,000 shares of stock were valued at $.50 per share (representing
the price at which shares were sold by the Company for cash during the year),
and the resulting $50,000 was recorded as prepaid loan costs.
F-7
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
NOTE C - INCOME TAXES:
The Company did not record any provision for federal and state income taxes
through September 30, 2000.
NOTE D - MANAGEMENT'S PLANS:
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As shown in the financial statements,
the Company has incurred a net losses from February 15, 1996 (inception) to
September 30, 2000 and incurred a loss of $99,858 for the year ended December
31, 1999. The Company has a working capital deficiency at September 30, 1999 of
$337,334. These conditions raise substantial doubt about its ability to continue
as a going concern. The financial statements do not reflect any adjustments that
might result from the outcome of this uncertainty.
Management is in process of completing a loan in the amount of $250,000 from an
independent party. The proceeds from this loan will be utilized to fund
operating expenses, including general and administrative, marketing, developing
product advertising materials and other expenses necessary to begin selling
products. Management believes this loan will provide sufficient funding to
enable the Company to begin generating revenues within four months. These
anticipated sales will generate cash flows sufficient to enable the Company to
operate for at least the next twelve months.
F-8
<PAGE>
Mind2Market, Inc.
(A Development Stage Company)
Notes to Financial Statements
September 30, 2000
NOTE E - RELATED PARTY TRANSACTIONS:
The Company has engaged Mountain Share Transfer (a company owned by the wife of
Mr. Powell) to act as stock transfer agent. No compensation has been paid to
Mountain Share Transfer in connection with these services.
The Company has an agreement with Western Innovations (WI), a company owned by a
Director of the Company, under which agreement, WI will procure and store all
components required for assembly, will assemble the product, and package the
units for shipment. WI will also provide shipping and mailing services for the
product. WI will purchase on behalf of the Company all components for the
product up to $1,000,00, to establish an inventory of product for sale. For
these services, the Company will pay actual costs of components plus a fixed fee
of $3.50 per unit for general and administrative services, and 15% of product
cost for overhead and profit.
F-9
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO
NINE MONTHS ENDED SEPTEMBER 30, 1999
The Company had revenues of $284 for the period in 2000 and no revenues in
the period in 1999. The Company acquired technology rights which were in
development in the third quarter, and as a result of acquiring work in progress
on the technology, has incurred $360,926 in expenses for the nine month period
in 2000 compared to only $22,525 in expenses for the same period in 1999. The
Company has incurred a net loss for the period of ($350,913) in 2000 and a net
loss of ($22,500) for the period in 1999. The loss of ($22,500) for the period
in 1999. The loss per share for the period was ($.02) and ($.01) in 2000 and
1999, respectively.
The trend of losses at the rate of $350,000 to $500,000 per quarter can be
expected to continue, as the Company proceeds with its efforts to develop its
technology rights and begin marketing efforts.
RESULTS OF OPERATIONS FOR THE QUARTER ENDED SEPTEMBER 30, 2000 COMPARED TO SAME
PERIOD IN 1999
The Company had no revenues for the quarter ended September 30, 2000 and
none in the same quarter in 1999. The Company incurred significantly increased
expenses in the third quarter in 2000 due to the acquisition of technology and
the commencement of efforts to develop and commercialize the technology. The
Company incurred $334,170 in expenses in the quarter in 2000 compared to $5,272
in expenses in the quarter in 1999. The losses on operations was ($334,170) and
($5,272) in the quarter in 2000 and 1999 respectively. The loss per share was
($.02) in the quarter in 2000 compared to less than ($.02) in the quarter in
1999.
LIQUIDITY AND CAPITAL RESOURCES
The Company suffers from a lack of operating capital and has commenced
efforts to accomplish a private placement to fund its business and provide
operating capital. The current liabilities at quarter end exceeded current
assets by ($337,334). The Company will need to accomplish a private placement or
loans in order to fund any continuing business operations. The Company has no
other capital resources at this time from which to achieve operating capital.
<PAGE>
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 2. CHANGES IN SECURITIES
In August, 2000, the Company issued 696,523 common shares to
C. Ronald Powell and Ray Williams to settle loans totalling
$90,626.
The Company recently changed controlling interest in
conjunction with the acquisition of technology from Global
Network Media, Inc. through issuance of 23,740,000
restricted shares of common stock pursuant to an exemption
under Section 4(2) of the Securities Act of 1933. GNM had
acquired from James R. Clark the exlcusive use and licensing
rights to certain technology that has the capability for
distribution of copy-protected information over the
Internet. M2M has acquired the exclusive rights to use and
license to others the technology, described in three pending
patents, covering three related systems. They are the
Kopy-protected Internet Distribution System (KIDS), the
Personal Computer Secured Internet Device (PCSID), and the
Secured Internet Media Player (SIMP). The new management
intends to develop M2M into a service company that will
enable vendors to copyrighted or patented digital data to
market their products over the Internet with proper controls
and accountability. M2M's main revenue stream would be from
the transaction fees charged when the copyrighted digital
media is purchased.
ITEM 3. DEFAULT UPON SENIOR SECURITIES
None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
<PAGE>
ITEM 5. OTHER INFORMATION
On August 19, 2000, the Board of Directors approved the
acquisition of technology acquired from Global Network Media
of Denver, CO which is defined in three pending patents. The
backbone of the system is the Kopy-protected Internet
Distribution System (KIDS) which is used in conjunction with
either the Personal Computer Secured Internet Device (PCSID)
or the Secured Internet Media Player (SIMP). The first
system to be developed will use KIDS with PCSID. This will
be followed with the incorporation of the SIM Player into
the system. M2M has secured the exclusive development,
manufacturing and licensing rights for this system based on
techniques described in and protected by the three pending
patents owned by James R. Clark.
The invention secured by these pending patents provides for
an innovative process for controlling and paying for the
distribution and use of copyrighted material (such as music)
over the Internet. This process protects the copyrighted
nature of the material from unauthorized digital copying or
distribution and provides an accounting system that assures
that all parties that have an interest in the copyrighted
media and its sale and distribution are appropriately
compensated.
The first implementation of the system will emphasize the
use of existing personal computers as the point of sale and
end distribution. Thus, no additional hardware needs to be
marketed to put the system in place and accessible to the
millions of customers who have PCs. A potential client
simply downloads via the Internet, one time, initial
software from an M2M application server that assigns a
unique Internet device access number to that device. Upon
providing appropriate billing information (i.e. credit card,
usually through an 800 number) that particular PC is then
given access to the sites containing the copyrighted media
and authorized to purchase and download any desired digital
media with the appropriate billing done automatically.
<PAGE>
The Secured Internet Media Player (SIMP) is a copyright
compatible MP3 type player for the Internet that uses the
same KIDS system for accessing and purchasing music. The
first design utilizes commercial-off-the-shelf (COTS)
components with custom developed software that incorporates
the patented technology. This approach provides for timely
access to the marketplace. A follow-on design is planned
that will incorporate special compression technology along
with customized chip design that will provide an updated
enhanced version of the player that will be faster and
provide more storage capability.
The approach the company plans to take in marketing the SIMP
emphasizes the licensing of its manufacture and distribution
to existing high tech firms that currently have a presence
in the MP3 marketplace and emphasizing the associated
revenue streams derived from the sale of copyrighted media
that is distributed to the end user via the Internet and
SIMP. This partnering approach minimizes direct competition
with established firms but leverages on their existing
production and distribution capability in return for a share
of the revenue from the various income streams. As a result,
M2M will have a relatively small investment required for
manufacturing equipment.
By shifting the bulk of the manufacturing burden to other
companies, M2M can concentrate its resources on the
development of improvements in the technology and in selling
derivative products and advertising that can use the SIMP as
an effective medium for penetrating the marketplace.
The short-term goal of the company is to setup the required
technology and sell the service to recording artists and
recording companies that are concerned about the revenue
loss and pirating occurring with the use of current
technology. M2M will provide a complete solution for these
vendors that provides a Secured Internet Device Number
(SIDN) and authentication service and a secured purchase
center for customers desiring the digital media. This system
can then be immediately put in place and revenues generated
from the sale of music and other digital data through
downloading to existing PCs. Individual artists and smaller
recording companies can also be incorporated into the system
to provide them a cost effective way to market their
products to their own smaller customer base. A long-term
goal of the company is to expand the service to include
video, books, and other digital media while addressing the
same copyright protection issues.
<PAGE>
Appointment of New Directors and Resignation of Directors
Effective May 1, 2000, Ray Williams resigned as an officier
and director of the company. Effective at the conclusion of
the August 19, 2000 meeting, Jerry Jernigan resigned from
the board of the company. Three new Board of Directors were
appointed at the August 19, 2000 meeting.
James R. Clark will serve as CEO and Chairman of the Board
of the company. He holds a Business Administration degree
from Northwest Nazarene University, and is a Microsoft
Certified Systems Engineer. Mr. Clark has over 20 years
experience in information business technology, including
management/ownership, technology development (new products
and applications), computer design, manufacturing and
marketing, networking design and maintenance, Internet
planning and implementation and computer telephony. While
serving as a Computer Telephony Engineer for Lucent
Technologies, Mr. Clark gained experience in
Internet/Intranet application and development.
Charles Jacobson will serve as Corporate Secretary/Treasurer
and a member of the Board of Directors. He received his B.S.
degree in business administration from UCLA. He earned his
Certified Public Accountant's license in Colorado and has
been in independent practice for the past 30 years
specializing in tax and financial services. He holds Series
7 and 63 securities licenses as well as life, health and
variable life insurance licenses. He was a founding
shareholder and secretary-treasurer of Polaris Resources,
Inc., a public natural resources company from 1970-1973. He
also has served as a general partner in several real estate
ventures and management service ventures.
Douglas Deckert is on the M2M Board of Directors. He
holds an Associate of Technical Arts degree in Computer
Programming and has over 20 years experience in information
technology, data communications, computer and network
design, and web development. Mr. Deckert is a Computer
Systems Software Engineer and has been a Systems Architect,
IT Project Manager and Senior Systems Analyst for the State
of Washington to implement many information technology
projects, such as the Commercial Vehicle Information Systems
and Network (CVISN) Project. He is experienced in many
operating systems and platforms, including Windows and
Windows NT, IBM Mainframe and UNIX. He has also analyzed,
designed, and developed many complex programs using a
variety of software tools consisting of Visual C++, Visual
<PAGE>
Basic, SQL Server, Access, TRANSACT, CPL, C, COBOL, FORTRAN,
PLI, OS JCL, Cold Fusion, Visual Internet, Dreamweaver,
Lotus and Basic. Mr. Deckert has many years of management
experience using his technical and organization skills to
plan, organize, prioritize, and direct the activities of
computer systems analysts and programming teams.
Resignation and Appointment of Officers
Mr. Ray Williams resigned as the company secretary effective
May 1, 2000. The Board approved Mr. Charles Jacobson to
replace Mr. Williams at the August 19, 2000 Board meeting.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
Reports on Form 8-K were made for the period for which
this report is filed. None.
<PAGE>
SIGNATURES
Pursuant to the requirements 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.
Date: December 12, 2000
MIND2MARKET, INC.
/s/ CHARLES R. POWELL
-----------------------------
CHARLES R. POWELL, President
