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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-QSB
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[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the period ended: March 31, 2000
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Commission File Number: 033-18437-LA
TESMARK, INC.
Incorporated pursuant to the laws of the state of Nevada
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IRS Employer Identification No. - 82-0351882
2921 N. Tenaya Way, Suite 216, Las Vegas, NV 89128
(702) 947-4877
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Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Securities Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90 days.
Yes X No
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The Company had 2,500,100 shares of common stock outstanding at March 31,
2000.
Transitional Small Business Disclosure Format (check one): Yes No X
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TESMARK, INC.
TABLE OF CONTENTS
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited)
Balance Sheets as of March 31, 2000..................................3
Statements of Operations ............................................4
Statements of Cash Flows ............................................5
Notes to Consolidated Financial Statements (unaudited)...............6
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations...................................7
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K................................7
Signature Page........................................................8
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<PAGE>
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
PRECIOUS METAL MINES, INC.
BALANCE SHEET
<TABLE>
<CAPTION>
March 31,
2000
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(Unaudited)
ASSETS
<S> <C>
CURRENT ASSETS:
Cash and cash equivalents $ 0
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TOTAL ASSETS $ 20,750
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LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Stockholder Advances $ 835
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TOTAL CURRENT LIABILITIES $ 835
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STOCKHOLDERS' EQUITY
Common stock, $.01 par value;
Authorized 24,000,000, issued
and outstanding 2,500,100 shares
on March 31, 2000 $ 2,500
Capital Surplus 2,600
Deficit accumulated during
the development stage $ (5,935)
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TOTAL STOCKHOLDER'S EQUITY $ (835)
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TOTAL LIABILITIES AND
STOCKHOLDER'S EQUITY $ --
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</TABLE>
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TESMARK, INC.
STATEMENTS OF OPERATIONS
<TABLE>
<CAPTION>
Three Months Ended Three Months Ended
March 31, 2000 March 31, 1999
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(Unaudited) (Unaudited)
<S> <C> <C>
INCOME
Revenues $ 0 $ 0
EXPENSES
Administration $ 835 $ 100
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Total Expenses $ 835 $ 100
Income (loss) from operations $ (835) $ (100)
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Average Shares Outstanding 2,500,100 2,500,100
Loss per share $ .00 $ .00
</TABLE>
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TESMARK, INC.
STATEMENT OF CASH FLOWS
<TABLE>
<CAPTION>
Three Months Ended Three Months Ended
March 31, 2000 March 31, 1999
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(Unaudited) (Unaudited)
<S> <C> <C>
Cash Received from
subscription to
Companies Shares $ 0 $ 0
Cash Received from
Officers 0 8
Cash Received from
Operations 0 0
Total Cash Received
During Period 0 0
Cash Used in Operations 0 0
Increase in Cash 0 0
Cash at Beginning of
Period 0 0
Cash at End of Period 0 0
</TABLE>
The accompanying notes to condensed consolidated
financial statements are an integral part of these
condensed consolidated statements.
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TESMARK, INC.
Notes to Financial Statements
1. Basis of Preparation
The unaudited information included herein includes, in the opinion of
management, all adjustments necessary for a fair presentation of the
results of operations for the period covered hereby.
The preparation of the Company's financial statements requires
management to make estimates and assumptions that affect the amounts
reported in the financial statements and accompanying notes. Actual
results may vary from these estimates.
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ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Results of Operations
The Company had no business operations during the period to which this report
relates.
Liquidity and Capital Resources
The Company had no income from operations in the period to which this report
relates, nor has it any ready sources of capital. Officers and shareholders of
the Company have from time to time borne expenses on behalf of the Company.
Part II - Other Information
ITEM 6 - EXHIBITS AND REPORTS ON FORM 8-K
None
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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.
TESMARK, INC. Dated: April 15, 2000
by: /s/ Floyd Robertson
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President
