<PAGE>
U. S. Securities and Exchange Commission
Washington, D. C. 20549
FORM 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarter ended June 30, 2000
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[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
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Commission File No. 0-25631
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ALPHATRADE.COM
--------------
(Name of Small Business Issuer in its Charter)
NEVADA Applied For
------ -----------
(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)
Suite 400, 1111 West Georgia Street
Vancouver, British Columbia, Canada V6E 4M3
-------------------------------------------
(Address of Principal Executive Offices)
Issuer's Telephone Number: (604) 681-7503
Check whether the Issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the Company was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
(1) Yes X No (2) Yes X No
--- --- --- ---
(APPLICABLE ONLY TO CORPORATE ISSUERS)
State the number of shares outstanding of each of the Issuer's
classes of common equity, as of the latest practicable date:
June 30, 2000
Common - 12,565,672 shares
DOCUMENTS INCORPORATED BY REFERENCE
NONE.
Transitional Small Business Issuer Format Yes X No
--- ---
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
The Consolidated Financial Statements of the Company required
to be filed with this 10-QSB Quarterly Report were prepared by management and
reviewed by the Company's independent auditors, HJ & Associates LLC (formerly
known as "Jones, Jensen & Company") and commence on the following page,
together with related Notes. In the opinion of management, the Consolidated
Financial Statements fairly present the financial condition of the Company.
<PAGE>
ALPHATRADE.COM
FINANCIAL STATEMENTS
June 30, 2000 and December 31, 1999
<PAGE>
<TABLE>
ALPHATRADE.COM
Balance Sheets
<CAPTION>
ASSETS
<S> <C> <C>
June 30, December 31,
2000 1999
(Unaudited)
CURRENT ASSETS
Cash $ 12,661 $ 92,993
Prepaid expenses 114,685 7,969
Total Current Assets 127,346 100,962
FIXED ASSETS
Computer equipment 122,797 108,790
Office equipment 13,853 11,803
Software 67,533 35,330
Accumulated depreciation (39,482) (20,144)
Total Fixed Assets 164,701 135,779
OTHER ASSETS
Investment (Note 8) - 25,000
Technology (Note 4) - -
Total Other Assets - 25,000
TOTAL ASSETS $ 292,047 $ 261,741
<PAGE>
ALPHATRADE.COM
Balance Sheets (Continued)
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
June 30, December 31,
2000 1999
(Unaudited)
CURRENT LIABILITIES
Accounts payable $ 367,436 $ 239,422
Deferred revenue - 288,775
Related party payable 330,974 -
Total Current Liabilities 698,410 528,197
Total Liabilities 698,410 528,197
STOCKHOLDERS' EQUITY (DEFICIT)
Convertible preferred stock: par value $0.001 per
share; 10,000,000 shares authorized, 2,000,000
shares issued and outstanding 2,000 2,000
Common stock: $0.001 par value 100,000,000
shares authorized; 12,565,672 and 11,850,830 shares
issued and outstanding, respectively 12,566 11,851
Additional paid-in capital 4,233,241 2,243,554
Common stock subscriptions receivable (661,500) (250,000)
Other comprehensive loss (125,000) (100,000)
Accumulated deficit (3,867,670)(2,173,861)
Total Stockholders' Equity (Deficit) (406,363) (266,456)
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY (DEFICIT) $ 292,047 $ 261,741
</TABLE>
<TABLE>
ALPHATRADE.COM
Statements of Operations
(Unaudited)
<CAPTION>
For the Six Months Ended For the Three Months Ended
June 30, June 30,
2000 1999 2000 1999
<S> <C> <C> <C> <C>
REVENUE
Subscription revenue $ 300,220 $ - $ 107,456 $ -
License fee revenue - 100,000 - 100,000
Total Revenue 300,220 100,000 107,456 100,000
EXPENSES
Depreciation expense 19,338 6,210 10,209 4,133
Rent expense 44,691 45,674 20,159 21,940
General and
administrative
expenses 1,930,000 885,551 701,560 343,812
Total Expenses 1,994,029 937,435 731,928 369,885
LOSS FROM OPERATIONS (1,693,809) (837,435) (624,472) (269,885)
INCOME TAX (BENEFIT) - - - -
NET LOSS (1,693,809) (837,435) (624,472) (269,885)
OTHER COMPREHENSIVE LOSS
Loss on valuation of
investment (25,000) - (75,000) -
Total Other Comprehensive
Loss (25,000) - (75,000) -
NET COMPREHENSIVE
LOSS $(1,718,809) $ (837,435) $(699,472) $ (269,885)
NET LOSS PER SHARE $ (0.14) $ (0.07) $ (0.07) $ (0.02)
</TABLE>
<TABLE>
ALPHATRADE.COM
Statements of Stockholders' Equity (Deficit)
<CAPTION>
Preferred Stock Common Stock
Shares Amount Shares Amount
<S> <C> <C> <C> <C>
Balance,
December 31, 1998 - $ - 6,100,000 $ 6,100
Stock issued for technology,
recorded at predecessor
cost, January 6, 1999
(Note 6) - - 4,000,000 4,000
Common stock issued for
services at $0.50 per share - - 100,000 100
Common stock issued for
cash at $1.00 per share - - 1,000,000 1,000
Stock issued to founders
recorded at $0.001 which
approximates predecessor
cost, January 8, 1999 2,000,000 2,000 - -
Receipt of stock subscription - - - -
Loss on valuation of
investment - - - -
Common stock issued for
cash at $1.25 per share - - 200,000 200
Balance Forward 2,000,000 $ 2,000 11,400,000 $ 11,400
</TABLE>
<TABLE>
<CAPTION>
Additional Other
Paid-in Subscriptions Comprehensive Accumulated
Capital Receivable Loss Deficit
<S> <C> <C> <C> <C>
Balance,
December 31, 1998 $ 46,400 $ (50,000)$ - $ (14,187)
Stock issued for technology,
recorded at predecessor
cost, January 6, 1999
(Note 6) (4,000) - - -
Common stock issued for
services at $0.50 per share 49,900 - - -
Common stock issued for
cash at $1.00 per share 999,000 - - -
Stock issued to founders
recorded at $0.001 which
approximates predecessor
cost, January 8, 1999 - - - -
Receipt of stock subscription - 50,000 - -
Loss on valuation of
investment - - (100,000) -
Common stock issued for
cash at $1.25 per share 249,800 (250,000) - -
Balance Forward $1,341,100 $ (250,000)$ (100,000)$ (14,187)
</TABLE>
<PAGE>
ALPHATRADE.COM
Statements of Stockholders' Equity (Deficit) (Continued)
<TABLE>
<CAPTION>
Preferred Stock Common Stock
Shares Amount Shares Amount
<S> <C> <C> <C> <C>
Balance Forward 2,000,000 $ 2,000 11,400,000 $ 11,400
Common stock issued for
cash at $3.50 per share - - 830 1
Common stock issued for
cash and services at $2.00
per share - - 450,000 450
Net loss for the year ended
December 31, 1999 - - - -
Balance, December 31, 1999 2,000,000 2,000 11,850,830 11,851
Stock issued on exercise of
warrants at $1.25 per share - - 100,000 100
Stock issued on for services at
$6.25 per share - - 50,000 50
Stock issued on exercise of
options and for services at
$1.00 per share - - 60,000 60
Stock issued for prepaid
expenses at $6.50 per
share - - 27,500 28
Stock issued for services
at $6.50 per share - - 2,500 2
Balance Forward 2,000,000 $ 2,000 12,090,830 $ 12,091
</TABLE>
<TABLE>
<CAPTION>
Additional Other
Paid-in Subscriptions Comprehensive Accumulated
Capitol Receivable Loss Deficit
<S> <C> <C> <C> <C>
Balance Forward $ 1,341,100 $ (250,000)$ (100,000)$ (14,187)
Common stock issued for
cash at $3.50 per share 2,904 - - -
Common stock issued for
cash and services at $2.00
per share 899,550 - - -
Net loss for the year ended
December 31, 1999 - - - (2,159,674)
Balance, December 31, 1999 2,243,554 (250,000) (100,000) (2,173,861)
Stock issued on exercise of
warrants at $1.25 per share 124,900 (125,000) - -
Stock issued on for services
at $6.25 per share 312,450 - - -
Stock issued on exercise of
options and for services at
$1.00 per share 59,940 - - -
Stock issued for prepaid
expenses at $6.50 per share 178,722 - - -
Stock issued for services
at $6.50 per share 16,248 - - -
Balance Forward $ 2,935,814$ (375,000)$ (100,000)$(2,173,861)
</TABLE>
<PAGE>
ALPHATRADE.COM
Statements of Stockholders' Equity (Deficit) (Continued)
<TABLE>
<CAPTION>
Preferred Stock Common Stock
Shares Amount Shares Amount
<S> <C> <C> <C> <C>
Balance Forward 2,000,000 $ 2,000 12,090,830 $ 12,091
Common stock issued for
cash at $5.75 per share - - 51,521 52
Common stock issued for
services at $5.75 per share - - 10,436 10
Compensation on warrants
issued below market value
at $8.25 per share - - - -
Stock issued on exercise of
options at $1.00 per share - - 4,000 4
Stock issued on exercise of
options at $1.00 per share - - 2,000 2
Common Stock issued for cash
at $2.00 per shares (unaudited) - - 330,750 331
Exercise of stock options at
$3.50 per share (unaudited) - - 76,135 76
Receipt of stock subscription - - - -
(unaudited)
Loss on valuation of investment - - - -
(unaudited)
Net loss for the six months
ended June 30, 2000 - - - -
(unaudited)
Balance, June 30, 2000 2,000,000 $ 2,000 12,565,672 $ 12,566
</TABLE>
<TABLE>
<CAPTION>
Additional Other
Paid-in Subscriptions Comprehensive Accumulated
Capitol Receivable Loss Deficit
<S> <C> <C> <C> <C>
Balance Forward $ 2,935,814 $ (375,000)$ (100,000)$(2,173,861)
Common stock issued for
cash at $5.75 per share 296,193 (8,245) - -
Common stock issued for
services at $5.75 per share 59,990 - - -
Compensation on warrants
issued below market value
at $8.25 per share 7,684 - - -
Stock issued on exercise of
options at $1.00 per share 3,996 (4,000) - -
Stock issued on exercise of
options at $1.00 per share 1,998 (2,000) - -
Common Stock issued for cash
at $2.00 per share (unaudited) 661,169 (661,500) - -
Exercise of stock options at
$3.50 per share (unaudited) 266,397 - - -
Receipt of stock subscription - 389,245 - -
(unaudited)
Loss on valuation of investment - - (25,000) -
(unaudited)
Net loss for the six months
ended June 30, 2000 - - - (1,693,809)
(unaudited)
Balance, June 30, 2000 $ 4,233,241 $ (661,500) $ (125,000)$(3,867,670)
(unaudited)
</TABLE>
<TABLE>
ALPHATRADE.COM
Statements of Cash Flows
(Unaudited)
<CAPTION>
For the Six Months Ended For the Three Months Ended
June 30, June 30,
2000 1999 2000 1999
<S> <C> <C> <C> <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $(1,693,809) $(837,435) $(624,472) $(269,885)
Adjustments to reconcile
net loss to net cash (used)
by operating activities:
Common stock issued for
services 715,223 50,000 266,473 -
Compensation on warrants
issued below market
value 7,684 - - -
Preferred stock issued
for services - 2,000 - -
Depreciation expense 19,338 6,210 10,209 4,133
Changes in operating assets
and liabilities:
(Increase) decrease in
prepaid expenses 72,034 (6,755) 48,710 (6,550)
Increase (decrease) in
accounts payable 231,461 63,453 51,864 (22,983)
Increase (decrease) in
accounts payable -
related party 227,527 59,265 254,691 (67,648)
Increase (decrease) in
deferred revenue (288,775) - (96,258) -
Net Cash Used by
Operating Activities (709,317) (663,262) (88,783) (362,933)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets (48,260) (82,660) (11,043) (14,560)
Net Cash Used by Investing
Activities (48,260) (82,660) (11,043) (14,560)
CASH FLOWS FROM FINANCING ACTIVITIES
Common stock issued for cash 288,000 764,429 - 396,000
Receipt of stock subscription389,245 - 58,171 -
Net Cash Provided by
Financing Activities 677,245 764,429 58,171 396,000
NET CHANGE IN CASH (80,332) 18,507 (41,655) 18,507
CASH AND CASH EQUIVALENTS AT
BEGINNING OF PERIOD 92,993 - 54,316 -
CASH AND CASH EQUIVALENTS AT
END OF PERIOD $ 12,661 $ 18,507 $ 12,661 $ 18,507
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION:
Interest paid $ - $ - $ - $ -
Income taxes paid $ - $ - $ - $ -
SCHEDULE OF NON-CASH FINANCING ACTIVITIES:
Common stock issued for
services $ 715,223 $ 50,000 $ 266,473 $ -
Preferred stock issued for
services $ - $ 2,000 $ - $ -
Warrants issued below
market value $ 7,684 $ - $ - $ -
</TABLE>
ALPHATRADE.COM
Notes to the Financial Statements
June 30, 2000 and December 31, 1999
NOTE 1 - NATURE OF ORGANIZATION
This summary of significant accounting policies of AlphaTrade.com is
presented to assist in understanding the Company's financial
statements. The financial statements and notes are representations
of the Company's management, which is responsible for their
integrity and objectivity. These accounting policies conform to
generally accepted accounting principles and have been consistently
applied in the preparation of the financial statements.
a. Organization and Business Activities
AlphaTrade.com was incorporated under the laws of the State of Nevada
on June 6, 1995. The Company provides both real-time and delayed
stock market quotes to subscribers via the internet. The Company was
a development stage enterprise until it began operations in November
1999.
b. Depreciation
The cost of the property and equipment is depreciated over the
estimated useful life of 5 years. Depreciation is computed using the
straight-line method when the assets are placed in service.
c. Accounting Method
The Company's consolidated financial statements are prepared using
the accrual method of accounting. The Company has elected a December
31 year-end.
d. Cash and Cash Equivalents
For the purpose of the statement of cash flows, the Company considers
all highly liquid investments purchased with a maturity of three
months or less to be cash equivalents.
e. 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
revenues and expenses during the reporting period. Actual results
could differ from those estimates.
f. Basic Loss Per Share
The computation of basic loss per share of common stock is based on
the weighted average number of shares of common stock outstanding
during the periods presented. Common stock equivalents have not been
included because they are antidilutive in nature.
<PAGE>
ALPHATRADE.COM
Notes to the Financial Statements
June 30, 2000 and December 31, 1999
NOTE 1 - NATURE OF ORGANIZATION (Continued)
f. Basic Loss Per Share (Continued)
For the Six Months Ended
June 30, 2000
Loss Shares Per Share
(Numerator) (Denominator) Amount
$(1,693,809) 11,986,430 $ (0.14)
For the Six Months Ended
June 30, 1999
Loss Shares Per Share
(Numerator) (Denominator) Amount
$ (837,435) 11,947,102 $ (0.07)
For the Three Months Ended
June 30, 2000
Loss Shares Per Share
(Numerator) (Denominator) Amount
$ (837,435) 12,016,417 $ (0.07)
For the Three Months Ended
June 30, 1999
Loss Shares Per Share
(Numerator) (Denominator) Amount
$ (269,885) 11,014,200 $ (0.02)
g. Income Taxes
No provision for income taxes has been accrued because the Company
has net operating losses from inception. No tax benefit has been
reported in the financial statements because the Company is uncertain
if the carryforwards will expire unused. Accordingly, the potential
tax benefits are offset by a valuation account of the same amount.
h. Revenue Recognition
The Company amortizes subscription fees over the life of the
contract, typically one year, or on a monthly basis, as billed. At
June 30, 2000, the Company had no deferred revenue because all
accounts were on a month-to-month basis.
<PAGE>
ALPHATRADE.COM
Notes to the Financial Statements
June 30, 2000 and December 31, 1999
NOTE 1 - NATURE OF ORGANIZATION
i. Advertising
The Company follows the policy of charging the costs of advertising
to expense as incurred.
j. Unaudited Financial Statements
The accompanying unaudited financial statements include all of the
adjustments which, in the opinion of management, are necessary for a
fair presentation. Such adjustments are of a normal recurring
nature.
NOTE 2 - FIXED ASSETS
Fixed assets at June 30, 2000 consisted of the following:
June 30,
2000
Computer equipment $ 122,797
Office equipment 13,853
Software 67,533
Less accumulated depreciation (39,482)
$ 164,701
Depreciation expense for the six months ended June 30, 2000 and 1999
was $19,338 and $6,210, respectively.
NOTE 3 - CONVERTIBLE PREFERRED STOCK
The Company has 2,000,000 outstanding shares of convertible Class "A"
preferred stock with the following features:
* Each preferred share is convertible into five underlying common
shares at a conversion price of $0.05 per common share.
* Each holder of Class "A" preferred shares shall be entitled to
five(5) votes (which can be voted prior to conversion) for every
preferred share held to vote on any matters brought before the
shareholders of the Company.
* The preferred shares are assignable.
* The preferred shares vest immediately to the holder upon issuance
and cannot be canceled.
<PAGE>
ALPHATRADE.COM
Notes to the Financial Statements
June 30, 2000 and December 31, 1999
NOTE 4 - PURCHASE OF TECHNOLOGY
On January 4, 1999, the Board of Directors issued 4,000,000 shares of
unregistered restricted common stock for the purchase of software for
development and eventual resale. The acquired software is still in a
developmental state and has uncertain net realizable value. The
software was recorded at its predecessor cost of $-0-.
NOTE 5 - OPTIONS
At June 30, 2000, the Company had authorized the following options
pursuant to the 1999 stock option plan:
Exercise Number Number Number
Price Authorized Exercised Outstanding
$ 1.00 1,200,000 - 1,134,000
$ 3.50 800,000 - 800,000
2,000,000 1,934,000
At March 31, 2000, the Company had granted the following stock
options:
Grant Exercise Vesting Number Number
Date Price Dates Granted Outstanding
1/6/99 $ 1.00 20% each year 80,000 74,000
2000-2004
1/6/99 $ 1.00 Immediately 1,060,000 1,060,000
1/6/99 $ 1.00 Immediately 60,000 -
9/1/99 $ 3.50 20% each year 666,135 590,000
12/20/99 $ 7.00 Immediately 50,000 50,000
Total 1,916,135 1,414,000
NOTE 6 - WARRANTS
The Company had the following warrants outstanding at March 31, 2000:
Number of Number of
Grant Exercise Shares Shares Total Expiration
Date Price Granted Exercised Remaining Date
1/7/1999 $ 1.25 1,000,000 300,000 700,000 1/7/2001
6/7/1999 $ 2.50 500,000 - 500,000 6/7/2001
10/19/1999 $ 4.875 600,000 - 600,000 10/19/2001
11/16/1999 $ 6.25 5,000 - 5,000 11/10/2002
11/11/99 $ 7.00 150,000 - 150,000 11/11/2004
2/7/2000 $ 8.25 123,914 - 123,914 2/7/2005
4/7/2000 $ 2.50 655,750 - 655,750 4/20/2005
5/1/2000 $ 2.00 150,000 - 150,000 5/1/2005
<PAGE>
ALPHATRADE.COM
Notes to the Financial Statements
June 30, 2000 and December 31, 1999
NOTE 6 - WARRANTS
All warrants granted through December 31, 1999 and on April 7, 2000
and May 1, 2000 were issued at prices equal to or exceeding the
trading value of the stock on the date of grant.
The warrants issued on February 7, 2000 were issued at a price below
the trading value of the stock on that date. Accordingly,
compensation expense of $7,684 has been recorded on the difference
between the trading price of $8.31 per share and the exercise price
of $8.25 per share.
NOTE 7 - STOCK SUBSCRIPTION RECEIVABLE
The Company has issued 330,750 shares of its common stock pursuant to
a subscription. The subscription price is $2.00 per share and the
subscription provides that if the shares are not paid for by December
31, 2000, the shares will be canceled.
NOTE 8 - INVESTMENT
In June 1999, the Company sold a non-exclusive licensing agreement to
PhantomFilm.com for $125,000. The Company received 250,000 shares of
PhantomFilm.com stock originally valued at $0.50 per share. At
December 31, 1999, the stock was worth $0.10 per share. Accordingly,
a loss on valuation of investment for $100,000 was recorded as an
other comprehensive loss for the year ended December 31, 1999. The
PhantomFilm.com stock is classified as available for sale. At June
30, 2000, the investment had been fully reserved for.
NOTE 9 - COMMITMENTS AND CONTINGENCIES
Office Lease
The Company leases office space on a month-to-month basis. The
monthly lease payment is $5,000 plus expenses. Rent related expense
for the six months ended June 30, 2000 and 1999 was $44,692 and
$19,892, respectively.
<PAGE>
Item 2. Management's Discussion and Analysis or Plan of Operation.
Plan of Operation.
------------------
The Company has continued to focus of enhanding the applications
currently offered by fine-tuning some of the functionality based on additional
usability testing and feedback received by our subscribers. Further
improvements to our WEB infrastructure have taken place to harden the
environment and validate our architecutre to deal with the necessary
scalability as the numbers of users expand.
A new tool (E-Quote) was developed and completed. These small
applets (less than 10k each) are provided to toher web sites free of charge
and reature either streaming delayed quotes, indices or a streaming delayed
mini-quote for equities. This tool is easy to install and is fully
customizable by the host website. These aplets are desirable to other
websites since they have the ability to define a specific ticker symbol and/or
leave an open space for web site visitors to request a quote on any ticker
symbol. These appliets also include links back to the AlphaTrade.com web site
where users can subscribe to the E-Gate services.
We have continued to test the access to our services through the
wireless Palm device and are in the final stage of testing. We plan to start
a pilot phase to ensure that the wireless infrastructure in North America is
reliable enough to offer sustainable streaming service.
Other applications that will enrich our current E-Gate suite are
already under different phases of the development process. The appropriate
announcements will be made when we have completed the corresponding testing
and quality assurance.
Results of Operation.
---------------------
At June 30, 2000, the Company had $127,346 in cash and prepaid
expenses, $164,701 in assets and $661,500 in Promissory Notes to be retired
prior to year end. Liabilities totaled $698,410, comprised of
current accounts payable of $367,436 and a related party payable of $330,974.
The Company realized revenues of $300,220 for the quarter ended June 30, 2000,
and incurred net losses from operations of $1,693,809, with total net
comprehensive losses to date of $1,718,809.
Liquidity.
----------
At June 30, 2000, the Company had cash on hand of $12,661, with
accounts payable totaling $367,436.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
During the quarter there have been no changes in the WebData suit.
Item 2. Changes in Securities.
During the quarter ended June 30, 2000, the Company issued the
following shares:
The Company issued "unregistered" and "restricted" shares pursuant
to a private placement of 325,000 shares at $2.00 per share. In addition, the
Company issued 76,135 shares pursuant to the exercise of stock options.
Item 3. Defaults Upon Senior Securities.
None; not applicable.
Item 4. Submission of Matters to a Vote of Security Holders.
None; not applicable.
Item 5. Other Information.
None; not applicable.
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits.
None.
(b) Reports on Form 8-K.
None.
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.
ALPHATRADE.COM
Date: 08/04/00 By /s/ Penny Perfect
---------- ---------------------------
Penny Perfect
President/Director
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, this Report has been signed below by the following persons on
behalf of the Company and in the capacities and on the dates indicated:
ALPHATRADE.COM
Date: 08/04/00 By /s/ Penny Perfect
----------- --------------------------
Penny Perfect
President/Director
Date: 08/04/00 By /s/ Gordon Muir
----------- --------------------------
Gordon Muir
CEO/Director
Date: 08/04/00 By /s/ Victor Cardenas
----------- --------------------------
Victor Cardenas
COO/Secretary/Director
Date: 08/04/00 By /s/ Ralph Drewitt
----------- --------------------------
Ralph Drewitt
Director
Date: 08/04/00 By /s/ Lisa McVeigh
----------- --------------------------
Lisa McVeigh
Director
