SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10KSB
ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the year ended December 31, 1999.
FLINTROCK FINANCIAL SERVICES, INC.
-------------------------------
(Exact name of registrant as specified in its charter)
Nevada 88-0409163
- ---------------------- -----------------------------------
(State of organization) (I.R.S. Employer Identification No.)
1187 W. 16th Avenue, Vancouver, B.C., Canada V6H 1S8
-----------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: 604-685-0824
Securities registered under Section 12(g) of the Exchange Act:
Common stock, $0.001 par value per share
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 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 SB 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, 1999: $ 0
Aggregate market value of the voting and non-voting common equity
held by non-affiliates based on the price per share (the selling or
average bid and asked price) as of December 31, 1999: $ 0
At December 31, 1999, Registrant had a total of 2,100,000 shares of Common
Stock, par value $.001 issued and outstanding.
DOCUMENTS INCORPORATED BY REFERENCE:
The Company's Form 10SB12G, filed on September 3, 1999; Form 10QSB,
filed November 15, 1999; Form 8-K, filed February 15, 2000 and
all attached exhibits are incorporated by reference.
1
<PAGE>
PART I
ITEM 1. DESCRIPTION OF BUSINESS
The Company has not commenced business activities and has no assets or
operations. The Company has not entered into any negotiations to effectuate
a business combination. None of the Company's officers and directors have
engaged in any preliminary contact or discussions with any representative of
any other company regarding the possibility of an acquisition or merger or
business combination.
ITEM 2. DESCRIPTION OF PROPERTY.
The Company neither owns nor leases any real property at this
time.
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 1999.
PART II
ITEM 5. MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS.
The Company's common stock is quoted on the over-the-counter
market in the United States under the symbol FTNF. Management has
not undertaken any discussions, preliminary or otherwise, with
any prospective market maker concerning the participation of such
market maker in an after-market for the Company's securities and
management does not intend to initiate any such discussions until
such time as the Company has consummated a merger or acquisition.
There is no assurance that an active trading market will ever develop or,
if such a market does develop, that it will continue.
After a merger or acquisition has been completed, one or more of
the Company's officers and directors will most likely be the
persons to contact prospective market makers. It is also possible
that persons associated with the entity that merges with or is
acquired by the Company will contact prospective market makers.
The Company does not intend to use consultants to contact market
makers.
Market Price
The Registrant's Common Stock is quoted at the present time on the OTC BB
at $5.00 bid, $6.00 asked, with little or no volume.
Holders
As of December 31, 1999, there were 25 holders of the Company's
Common Stock.
2
<PAGE>
Dividends
The Registrant had not declared or paid any dividends at December 31, 1999;
however, on January 20, 2000, registrant declared a dividend of 4 shares of
common stock for each 1 share held by the shareholders of record as of 5:00
p.m., Pacific Time on January 19, 2000. The distribution date of the dividend
was January 21, 2000.
Recent Sales of Unregistered Securities.
None.
ITEM 6. MANAGEMENT'S PLAN OF OPERATION
Plan of Operation
The Company has not commenced business activities and has
no assets or operations. The Company is dependent upon its officers
to meet any de minimis costs which may occur.
The Company has not entered into any negotiations to effectuate a business
combination. None of the Company's officers and directors have engaged in any
preliminary contact or discussions with any representative of any other company
regarding the possibility of an acquisition or merger or business combination.
In addition, since the Company has had no operating history nor any
revenues or earnings from operations, with no significant assets or financial
resources, the Company will in all likelihood sustain operating expenses
without corresponding revenues, at least until the consummation of a business
combination. This may result in the Company incurring a net operating loss
which will increase continuously until the Company can consummate a business
combination with a profitable business opportunity and consummate such a
business combination.
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
Form 10KSB.
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 determines is necessary to carry out the affairs of the
Company. (See "Management").
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 10KSB.
3
<PAGE>
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.
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 devote their time to
the business on an "as-needed" basis, which is expected to
require 5-10 hours per month.
In January, 2000, the officers and directors of Registrant resigned and
the following officers and directors were appointed to fill the vacant terms
until the next annual election of officers and directors:
<TABLE>
<CAPTION>
<S> <C> <C>
Name and Address Age Position(s)
- ---------------- ---- -----------
Jeff Stevenson 40 President and Director
1187 West 16th Avenue
Vancouver, B.C.,
Canada V6H 1S8
Abdul Janmohamed 40 Secretary and Director
902-5051 Lougheed Highway
Burnaby, B.C.
Canada V5B 4T5
Jamil Kassam 31 Treasurer and Director
406-5262 Oakmount Crescent
Burnaby, B.C.
Canada V5H 4R7
</TABLE>
The biographies of the officers and directors is included in
the Company's Form 8-K, filed February 15, 2000, and is incorporated
herein by reference.
4
<PAGE>
ITEM 10. EXECUTIVE COMPENSATION
None of the Company's officers and/or directors receive any
compensation for their respective services rendered to the
Company, nor have they received such compensation in the past.
They both have agreed to act without compensation until
authorized by the Board of Directors, which is not expected to
occur until the Registrant has generated revenues from operations
after consummation of a merger or acquisition. As of the date of
this annual report, the Company has no funds available
to pay directors. Further, none of the directors are accruing any
compensation pursuant to any agreement with the Company.
No retirement, pension, profit sharing, stock option or insurance
programs or other similar programs have been adopted by the
Registrant for the benefit of its employees.
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT.
The following table sets forth each person known to the Company,
as of December 31, 1999, to be a beneficial owner of five percent
(5%) or more of the Company's common stock, by the Company's
directors individually, and by all of the Company's directors and
executive officers as a group. Except as noted, each person has
sole voting and investment power with respect to the shares
shown.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
Title of Name/Address Shares Percentage
Class of Owner Beneficially Ownership
Owned
- ----------------------------------------------------------------
Common David W. Wiedeman 550,000 26.1%
11073 North 111th Way
Scottsdale, AZ. 85259
Common John Francis Russo 550,000 26.1%
1744 Stillwater Glen
Escondido, CA. 92026
Common Cindy Lee Russo 350,000 16.6%
1744 Stillwater Glen
Escondido, CA. 92026
- ----------------------------------------------------------------
Common All officers and 1,450,000 69%
directors (3
individuals)
</TABLE>
ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
None.
5
<PAGE>
ITEM 13. EXHIBITS, LISTS AND REPORTS ON FORM 8-K
Exhibit No. Description
- ---------- -----------
23 Consent of Auditors
DOCUMENTS INCORPORATED BY REFERENCE:
The Company's Form 10SB12G, filed on September 3, 1999; Form 10QSB,
filed November 15, 1999; Form 8-K, filed February 15, 2000 and
all attached exhibits are incorporated by reference.
PART F/S - FINANCIAL STATEMENTS
The financial statements of Registrant for the years ended December 31, 1999,
December 31, 1998 and December 31, 1997, immediately follow:
Flintrock Financial Services, Inc.
(A Development Stage Company)
FINANCIAL STATEMENTS
December 31, 1999
December 31, 1998
December 31, 1997
<PAGE>
TABLE OF CONTENTS
-------------------
PAGE #
INDEPENDENT AUDITORS REPORT 1
ASSETS 2
LIABILITIES AND STOCKHOLDERS' EQUITY 3
STATEMENT OF OPERATIONS 4
STATEMENT OF STOCKHOLDERS' EQUITY 5
STATEMENT OF CASH FLOWS 6
NOTES TO FINANCIAL STATEMENTS 7-11
<PAGE>
INDEPENDENT AUDITORS' REPORT
----------------------------
Board of Directors February 14, 2000
Flintrock Financial Services, Inc.
Vancouver, BC, Canada
I have audited the accompanying Balance Sheets of Flintrock Financial
Services, Inc., (A Development Stage Company), as of December 31, 1999, December
31, 1998, and December 31, 1997, and the related statements of operations,
stockholders' equity and cash flows for the three years ended December 31, 1999,
December 31, 1998, and December 31, 1997, and the period November 8, 1996
(inception), to December 31, 1999. 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 Flintrock Financial Services, Inc.,
(A Development Stage Company), as of December 31, 1999, December 31, 1998, and
December 31, 1997, and the results of its operations and cash flows for the
three years ended December 31, 1999, December 31, 1998, and December 31, 1997,
and the period November 8, 1996 (inception), to December 31, 1999 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
Certified Public Accountant
1582 Tulita Drive
Las Vegas, NV 89123
(702) 361-8414
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
<TABLE>
<CAPTION>
BALANCE SHEET
-------------
ASSETS
<S> <C> <C> <C>
December December December
31, 1999 31, 1998 31, 1997
-------- -------- --------
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
========= ========= =========
</TABLE>
The accompanying notes are an integral part of these financial statements
- 2 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C>
December December December
31, 1999 31, 1998 31, 1997
-------- -------- --------
CURRENT LIABILITIES
OFFICERS ADVANCES (NOTE #5) $ 17,846 $ 350 $ 0
--------- --------- ---------
TOTAL CURRENT LIABILITIES $ 17,846 $ 350 $ 0
STOCKHOLDERS' EQUITY (Note #4)
Common stock
No Par value
Authorized 25,000 shares
Issued and outstanding at:
December 31, 1997 -
21,000 shares $ 2,100
December 31, 1998 -
21,000 shares $ 2,100
Common Stock
$.001 par value
Authorized 25,000,000 shares
Issued and outstanding at:
December 31, 1999 -
2,100,000 shares $ 2,100
Additional Paid In Capital 0 0 0
DEFICIT ACCUMULATED DURING
THE DEVELOPMENT STAGE -19,946 -2,450 -2,100
-------- --------- --------
TOTAL STOCKHOLDERS' EQUITY $ -17,846 $ -350 $ 0
--------- --------- ---------
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY $ 0 $ 0 $ 0
========= ========= =========
</TABLE>
The accompanying notes are an integral part of these financial statements
- 3 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
<TABLE>
<CAPTION>
STATEMENT OF OPERATIONS
------------------------
<S> <C> <C> <C> <C>
Year Year Year Nov. 8, 1996
Ended Ended Ended (Inception)
Dec. 31, Dec. 31, Dec. 31, to Dec. 31,
1999 1998 1997 1999
---------- ---------- --------- ------------
INCOME
Revenue $ 0 $ 0 $ 0 $ 0
--------- --------- --------- ----------
EXPENSES
General, Selling and
Administrative $ 17,496 $ 350 $ 0 $ 19,946
--------- --------- -------- ----------
TOTAL EXPENSE $ 17,496 $ 350 $ 0 $ 19,946
--------- --------- -------- ----------
NET PROFIT/LOSS (-) $ -17,496 $ -350 $ 0 $ -19.946
--------- --------- -------- ----------
Net Profit/Loss (-)
Per weighted share
(Note #2) $ -.0833 $ -.0002 $ NIL $ -.0950
--------- --------- --------- ----------
Weighted average
Number of common
Shares outstanding 2,100,000 2,100,000 2,100,000 2,100,000
--------- --------- --------- ---------
</TABLE>
The accompanying notes are an integral part of these financial statements
- 4 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
STATEMENT OF CHANGES IN STOCKHOLDER EQUITY
-----------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Additional Accumu-
Common Stock paid-in lated
Shares Amount Capital Deficit
------------------- ---------- --------
Balance,
December 31, 1996 21,000 $ 2,100 $ 0 $ -2,100
Net loss year ended
December 31, 1997 0
------ -------- ------- --------
Balance,
December 31, 1997 21,000 $ 2,100 $ 0 $ -2,100
Net loss year ended
December 31, 1998 -350
------- -------- ------- --------
Balance,
December 31, 1998 21,000 $ 2,100 $ 0 $ -2,450
February 19, 1999
Changed from no par
Value to $.001 -2,079 +2,079
February 19, 1999
Forward stock split
100:1 2,079,000 +2,079 -2,079
Net loss Year Ended
December 31, 1999 -17,496
--------- ------- ------- --------
Balance,
December 31, 1999 2,100,000 $ 2,100 $ 0 $-19,946
========= ======== ======= ========
</TABLE>
The accompanying notes are an integral part of these financial statements
- 5 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
-----------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Year Year Year Nov. 8,1996
Ended Ended Ended (Inception)
Dec. 31, Dec. 31, Dec. 31, to Dec. 31,
1999 1998 1997 1999
--------- --------- -------- -----------
Cash Flows from
Operating Activities
Net Loss $ -17,496 $ -350 $ 0 $ -19,946
Adjustment to
Reconcile net loss
To net cash provided
by operating
Activities
Changes in assets and
Liabilities
Officers Advances +17,496 +350 0 +17,846
--------- --------- ------- --------
Net cash used in
Operating activities $ 0 $ 0 $ 0 $ -2,100
Cash Flows from
Investing Activities 0 0 0 0
Cash Flows from
Financing Activities
Issuance of Common
Stock for Cash 0 0 0 +2,100
--------- ---------- ------ --------
Net Increase (decrease) $ 0 $ 0 $ 0 $ 0
Cash,
Beginning of period 0 0 0 0
--------- ---------- ------- --------
Cash, End of Period $ 0 $ 0 $ 0 $ 0
========= ========== ====== ========
</TABLE>
The accompanying notes are an integral part of these financial statements
- 6 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
December 31, 1999, December 31, 1998, and December 31, 1997
NOTE 1 - HISTORY AND ORGANIZATION OF THE COMPANY
The Company was organized November 8, 1996, under the laws of the State of
Nevada as Flintrock Financial Services, 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, 1999.
- 7 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
December 31, 1999, December 31, 1998, and December 31, 1997
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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.
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.
- 8 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
December 31, 1999, December 31, 1998, and December 31, 1997
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
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, 1999,
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, 1999, is as follows:
<TABLE>
<CAPTION>
<S> <C>
Net operation loss carry forward $ 19,946
Valuation allowance $ 19,946
Net deferred tax asset $ 0
</TABLE>
The federal net operating loss carry forward will expire in various amounts from
2016 to 2019.
This carry forward may be limited upon the consummation of a business
combination under IRC Section 381.
- 9 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
December 31, 1999, December 31, 1998, and December 31, 1997
NOTE 4 - STOCKHOLDERS' EQUITY
Common Stock
The authorized common stock of Flintrock Financial Services, Inc. consists of
25,000,000 shares with a par value of $0.001 per share.
Preferred Stock
Flintrock Financial Services, Inc. has no preferred stock.
On November 15, 1996, the company issued 21,000 shares of its no par value
common stock in consideration of $2,100 in cash.
On February 19, 1999, the State of Nevada approved the Company's restated
Articles of Incorporation, which increased its capitalization from 25,000 common
shares to 25,000,000 common shares. The no par value was changed to $0.001.
On February 19, 1999, the Company forward split its common stock 100:1, thus
increasing the number of outstanding common stock shares from 21,000 shares to
2,100,000.
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.
- 10 -
<PAGE>
Flintrock Financial Services, Inc.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
December 31, 1999, December 31, 1998, and December 31, 1997
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 shares of
common stock.
- 11 -
<PAGE>
PART III - INDEX TO EXHIBITS
Exhibit No. Description
- ---------- -----------
23 Consent of Auditors
SIGNATURES
In accordance with Section 13 or 15(d) of the Exchange Act, the Registrant
caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
FLINTROCK FINANCIAL SERVICES, INC.
By:______________________________ Dated:_____________________________
Jeff Stevenson, President
In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on
the dates indicated.
_________________________________ Dated:_____________________________
Jeff Stevenson, President and
Chief Executive Officer
_________________________________ Dated:_____________________________
Jamil Kassam, Treasurer and
Chief Financial Officer
BARRY L. FRIEDMAN, P.C.
Certified Public Accountant
1582 Tulita Drive Office (702) 361-8414
Las Vegas, Nevada 89123 Fax No.(702) 896-0278
To Whom It May Concern: February 14, 2000
The firm of Barry L. Friedman, P.C., Certified Public Accountant consents to the
inclusion of their report of February 14, 2000, on the Financial Statements of
Flintrock Financial Services, Inc., as of December 31, 1999, in any filings that
are necessary now or in the near future with the U.S. Securities and Exchange
Commission.
Very truly yours,
/s/ Barry L. Friedman
Certified Public Accountant
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0001093677
<NAME> Flintrock Financial Services, Inc.
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 17846
<BONDS> 0
0
0
<COMMON> 2100
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
