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Previous: EYE CATCHING MARKETING CORP, 10QSB, 2000-02-15 |
Next: EXPRESS INVESTMENTS ASSOCIATES INC, 10QSB, 2000-02-15 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
[xx] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1999
Commission file Number: 000-27397
NEWSGURUS.COM, INC.
(formerly Annex Business Resources, Inc.)
(Exact name of small business issuer as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
98-0204280
(I.R.S. Employer Identification Number)
Suite 106
1460 Pandosy Street
Kelowna, British Columbia
V1Y 1P3
(Address of principal executive offices)
(250)868-8177
(Issuer's telephone number)
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: 10,500,000 common shares as
at December 31, 1999
Transitional Small Business Disclosure Format (check one): Yes [ ] No [ X ]
<PAGE>
NEWSGURUS.COM, INC.
(formerly Annex Business Resources Inc.)
INDEX
PART 1. FINANCIAL INFORMATION
Item 1. Financial Statements
Consolidated Balance Sheets as of June 30,
1999 and December 31, 1999
Consolidated Income Statement for the
periods ended June 30, 1999 and December 31,
1999
Consolidated Statements of Cash Flows for
the periods ended June 30, 1999 and December
31, 1999
PART II. OTHER INFORMATION
SIGNATURES
<PAGE>
NewsGurus.Com, Inc.
(formerly Annex Business Resources, Inc.)
Consolidated Balance Sheet
Prepared by Management without audit
<TABLE>
<CAPTION>
As At As At
31 December 30 June
1999 1999
===================== =====================
<S> <C> <C>
Assets
Accounts receivable $0 $0
Investment 0 0
Goodwill 3,500 0
common shares as at December 31, 1999
--------------------- ---------------------
Total Assets $3,500 $0
--------------------- ---------------------
Liabilities
Accounts payable $28,111 $235
--------------------- ---------------------
Shareholders' Deficit 10,500 1,000
Capital Stock -35,111 -1,235
--------------------- ---------------------
Deficit -24,611 -235
--------------------- ---------------------
Total Liabilities and Equity $3,500 $0
===================== =====================
</TABLE>
<PAGE>
NewsGurus.Com, Inc.
(formerly Annex Business Resources, Inc.)
Consolidated Income Statement
Prepared by Management without audit
<TABLE>
<CAPTION>
For the Six For the
Months Ended Year Ended
31 December 30 June
1999 1999
===================== =====================
<S> <C> <C>
Revenue $0 $0
--------------------- ---------------------
Expenses
Accounting and Legal 5,031 0
Bank charges 9 0
Licences and fees 0 235
Website expenses 22,836 0
--------------------- ---------------------
27,876 235
--------------------- ---------------------
Net Loss for the Period -27,876 -235
Deficit beginning of period -1,235 -500
Capitalization of stock split -6,000 -500
--------------------- ---------------------
Deficit at end of period -$35,111 -$1,235
===================== =====================
Basic (Loss) Per Common Share $0.00 $0.00
===================== =====================
Basic Common Shares Outstanding 10,500,000 1,000,000
===================== =====================
</TABLE>
<PAGE>
NewsGurus.Com, Inc.
(formerly Annex Business Resources, Inc.)
Consolidated Statement of Cash Flows
Prepared by Management without audit
<TABLE>
<CAPTION>
For the Six For the
Months Ended Year Ended
31 December 30 June
===================== =====================
<S> <C> <C>
Operations 1999 1999
Net loss for the period -$27,876 -$235
Changes in working capital
Accounts payable 27,876 235
--------------------- ---------------------
0 00
--------------------- ---------------------
Investing
Goodwill -3,500 0
Financing
Share capital 9,500 0
Capitalization of retained earnings on share split -6,000 0
--------------------- ---------------------
3,500 0
--------------------- ---------------------
Increase (decrease) in Cash 0 0
Cash on hand beginning of period 0 0
--------------------- ---------------------
Cash on hand end of period $0 $0
===================== =====================
</TABLE>
<PAGE>
PART II
OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS
None
Item 2 CHANGES IN SECURITIES AND USE OF PROCEEDS
None
Item 3 DEFAULTS UPON SENIOR SECURITIES
None
Item 4 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None
Item 5 OTHER INFORMATION
None
Item 6 EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit 27.1 Financial Data Schedule
(b) Reports on Form 8-K
The Issuer filed a Form 8K on January 13, 2000 and on
February 2, 2000.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NEWSGURUS.COM, INC.
(formerly Annex Business Resources Inc.)
Dated: February 14, 2000 Per: /s/Chris Bunka
-----------------------------------
Chris Bunka, President and Director
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED FINANCIAL STATEMENTS FOR THE SIX MONTH PERIOD ENDED DECEMBER 31, 1999
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<CIK> 0001088211
<NAME> NEWSGURUS.COM, INC.
<MULTIPLIER> 1
<CURRENCY> USA
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1999
<PERIOD-START> JUL-01-1999
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 3,500
<DEPRECIATION> 0
<TOTAL-ASSETS> 3,500
<CURRENT-LIABILITIES> 28,111
<BONDS> 0
0
0
<COMMON> 10,000
<OTHER-SE> (34,811)
<TOTAL-LIABILITY-AND-EQUITY> 3,500
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 27,876
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (27,876)
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (27,876)
<EPS-BASIC> 0.00
<EPS-DILUTED> 0.00
</TABLE>
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