SPERRY YOUNG & STOECKLEIN
Telephone (702)
794-2590
Facsimile (702) 794-
0744
DONALD J. STOECKLEIN
ATTORNEY AT LAW
Practice Limited to Federal Securities
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1850 E. Flamingo Rd. Suite 111, Las Vegas, Nevada 89119
September 20, 2000
Mr. Richard K. Wulff
Office of Small Business Policy
United States Securities and Exchange Commission
Division of Corporate Finance
Office of Small Business Review
450 5th Street, N.W.- Room 3112
Washington, D.C. 20549
RE: TAC ASSET CORP. - FILE NO. 029355 - FORM 10SB
Dear Mr. Wulff:
In response to your comments to our filing of August 11, 2000 we are
providing the following information:
Business Development
Paragraph 1 - Please see Paragraph 1 of the section entitled "Business
Development". It has been modified and clearly states the history and
organization of the Company and also identifies Anthony DeMint as the sole
officer, director and stockholder receiving 5,000,000 shares for services.
Services include but are not limited to Incorporating the Company, founding
stockholder, assisted in the preparation of corporate and SEC filings and
seeking merger or acquisition candidates.
Item 2. Plan of Operation.
Paragraph 1 - Please see revised Paragraph 1 of Item 2. Plan of
Operation.
Paragraph 2 - Please see Paragraph 3 as to Sperry Young & Stoecklein's
relationship to the Company. As to Donald J. Stoecklein role and/or purpose
as resident agent pursuant to Nevada's Revised Statutes 78.010 Definitions;
"Resident Agent" means the agent appointed by the corporation upon whom
process or a notice or demand authorized by law to be served upon the
corporation may be served. A copy of NRS 78.010 is enclosed. Mr. Stoecklein
is or has been resident agent for numerous corporations, limited liability
companies, and limited partnerships which are unrelated to the issuer.
Paragraph 3 - Our management has entered into a verbal agreement with
the firm of Sperry Young & Stoecklein, to supervise the search for target
companies as potential candidates for a business combination. Sperry Young &
Stoecklein, will receive fees in consideration of its verbal agreement to
provide such services. However such fees cannot be determined at this time as
the magnitude of the services has not been established, and is not likely to
be established until the time of a merger and/or acquisition if at all.
Sperry Young & Stoecklein will pay as its own expenses any costs it incurs in
supervising the search for a target company. Sperry Young & Stoecklein is not
authorized to enter into any agreement binding us, which can only be done by
action of our officer, director and stockholder, as may be required. The
verbal agreement with Sperry Young & Stoecklein is terminable at will. Sperry
Young & Stoecklein is an affiliate of our management.
General Business Plan
Paragraph 1 - Mr. DeMint is a Director of the Securities Law Institute.
Sperry Young & Stoecklein through Donald J. Stoecklein, Esq. provides legal
services to the Securities Law Institute. The Securities Law Institute
leases office space from Sperry Young & Stoecklein. Donald J. Stoecklein is
also a Director of the Securities Law Institute.
Acquisition of Opportunities
Paragraph 1 - Please see revised Paragraph 8 of Acquisition of
Opportunity
Item 5. Directors, Executive Officers, Promoters and Control Persons
Mr. Stoecklein is the Resident Agent (Please refer to NRS 78.010
Definitions; "Resident Agent" means the agent appointed by the corporation
upon whom process or a notice or demand authorized by law to be served upon
the corporation may be served.), and is not and has never been an officer,
director, stockholder or incorporator of this Company. (Please see copy of
Articles of Incorporation attached)
In reference to the same mailing address, Mr. DeMint provides offices
for certain Blank Check companies, in an effort to reduce costs for those
companies. Mr. DeMint's office is provided by the Securities Law Institute,
which is subleased from Sperry Young and Stoecklein. Mr. Stoecklein is the
resident agent of numerous corporations for both public and private
companies.
Item 7 Certain Relationships and Related Transactions.
Paragraph 1 - Mr. Stoecklein is the Resident Agent (Please refer to NRS
78.010 Definitions; "Resident Agent" means the agent appointed by the
corporation upon whom process or a notice or demand authorized by law to be
served upon the corporation may be served.), and is not and has never been an
officer, director, stockholder or incorporator of this Company. (Please see
copy of Articles of Incorporation attached)
Paragraph 2 - We removed the third paragraph of this section and refer you
to Paragraph 7 of Acquisition of Opportunities where it states "Management
has orally agreed that it will advance to us any additional funds, which we
need for operating capital and for costs in connection with searching for or
completing an acquisition or merger. Such advances will be made without
expectation of repayment."
In addition to the above, the Company has amended the tables under Previous
and Current Blank Check Companies to bring current the information contained
therein.
We are forwarding, concurrent with the filing of an Amended 10SB, a redlined
copy of the filing to expedite your review. Please advise if we can provide
any further assistance in this filing.
Yours truly,
/s/ Donald J. Stoecklein
Donald J. Stoecklein
CC: DeMint
