UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2000.
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____.
COMMISSION FILE NUMBER: 333-30914
XTREME WEBWORKS
---------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)
Nevada 88-0394012
---------------------------------------- --------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8100 West Sahara, Suite 200
Las Vegas, Nevada 89117
---------------------------------------- --------------------
(Address of principal executive offices) (Zip Code)
N/A
----------------------------------------------------------------
(Former name, former address and former fiscal year, if changed
since last report.)
Indicate by check mark whether the registrant: 1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 [ ]
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date:
At November 14, 2000, there were 4,002,317 shares issued and
outstanding of the Registrant's Common Stock, $.001 par value.
Transitional Small Business Disclosure Format (check one):
YES [ ] NO [X]
<PAGE>
XTREME WEBWORKS
FORM 10-QSB
TABLE OF CONTENTS
Contents Page
------------------------------------------------ ----
PART I - FINANCIAL INFORMATION ................................ 1
Item 1. Financial Statements ................................. 1
Independent Accountant's Report .............................. 1
Financial Statements
Balance Sheets ......................................... 2
Statements of Operations ............................... 3
Statements of Stockholders' Equity ..................... 4
Statements of Cash Flows ............................... 5-6
Notes to Financial Statements .......................... 7-9
Item 2. Management's Discussion and Analysis ................. 10
PART II - OTHER INFORMATION ................................... 13
Item 6. Exhibits and Reports on Form 8-K ..................... 13
SIGNATURES
<PAGE>
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
XTREME WEBWORKS
Financial Reports
(Reviewed)
December 31, 1999
September 30, 2000
Independent Accountant's Report
To the Board of Directors
Xtreme Webworks
Las Vegas, Nevada
I have reviewed the accompanying balance sheet of Xtreme Webworks as of
September 30, 2000 and the related statements of operations,
stockholders' equity, and cash flows for the nine-month period then
ended. These financial statements are the responsibility of the
Company's management.
I conducted my review in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical
procedures to financial data and making inquiries of persons
responsible for financial and accounting matters. It is substantially
less in scope than an audit conducted in accordance with generally
accepted auditing standards, the objective of which is the expression
of an opinion regarding the financial statements taken as a whole.
Accordingly, I do not express such an opinion.
Based on my review, I am not aware of any material modifications that
should be made to the accompanying financial statements for them to be
in conformity with generally accepted accounting principles.
/s/ KYLE L. TINGLE
--------------
KYLE L. TINGLE
CERTIFIED PUBLIC ACCOUNTANT
November 13, 2000
Henderson, Nevada
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<PAGE>
XTREME WEBWORKS
BALANCE SHEETS
(Unaudited)
<TABLE>
<CAPTION>
September 30, December 31,
2000 1999
---------------- ----------------
<S> <C> <C>
ASSETS
CURRENT ASSETS
Cash $ 6,231 $ 1,678
Accounts receivable 22,175 0
Officer receivable 101,495 101,218
Notes receivable 14,711 21,748
Prepaid assets 0 0
---------------- ----------------
Total current assets $ 144,612 $ 124,644
PROPERTY AND EQUIPMENT, NET $ 18,385 $ 2,708
NON-MARKETABLE SECURITIES $ 49,100 $ 72,330
---------------- ----------------
Total assets $ 210,097 $ 199,682
================ ================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ 16,045 $ 0
Accrued liabilities 7,379 0
Subscriptions collected in advance 0 31,000
---------------- ----------------
Total current liabilities $ 23,424 $ 31,000
LONG-TERM DEBT $ 0 $ 0
STOCKHOLDERS' EQUITY
Common stock: $.001 par value;
authorized 50,000,000 shares;
issued and outstanding
334,436 shares at December 31, 1999; $ 334
4,002,317 shares at September 30, 2000; $ 4,002
Additional Paid In Capital 1,139,516 334,101
Accumulated deficit (954,845) (165,753)
---------------- ----------------
Total stockholders' equity $ 188,673 $ 168,682
---------------- ----------------
Total liabilities and
Stockholders' equity $ 210,097 $ 199,682
================ ================
</TABLE>
See Accompanying Notes to Financial Statements.
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<PAGE>
XTREME WEBWORKS
STATEMENTS OF OPERATIONS
(Unaudited)
<TABLE>
<CAPTION>
For the three months ended For the nine months ended
September 30, September 30,
2000 1999 2000 1999
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Revenues $ 102,050 $ 3,380 $ 220,984 $ 25,545
--------------- --------------- --------------- ---------------
$ 102,050 $ 3,380 $ 220,984 $ 25,545
Operating, general and administrative expenses
Payroll and related expenses $ 103,031 $ 15,000 $ 194,903 $ 45,000
Director compensation 330,000 0 330,000 0
Consulting 226,460 7,180 226,460 12,890
Other operating expenses 35,021 18,254 241,152 28,713
Depreciation 1,621 49 1,929 147
--------------- --------------- --------------- ---------------
Operating, general and
administrative expenses $ 696,133 $ 40,483 $ 994,444 $ 86,750
--------------- --------------- --------------- ---------------
Operating (loss) $ (594,083) $ (37,103) $ (773,460) $ (61,205)
Non-operating income (expense)
Interest income $ 3,680 $ 3,438 $ 7,598 $ 8,666
(Loss) on non-marketable securities 0 0 (23,230) 0
Interest expense 0 0 0 0
--------------- --------------- --------------- ---------------
Net (loss) before income taxes $ (590,403) $ (33,665) $ (789,092) $ (52,539)
Federal and state income taxes $ 0 $ 0 $ 0 $ 0
--------------- --------------- --------------- ---------------
Net (loss) $ (590,403) $ (33,665) $ (789,092) $ (52,539)
=============== =============== =============== ===============
Net (loss) per share $ (0.4247) $ (0.1209) $ (1.0704) $ (0.2000)
=============== =============== =============== ===============
Average Number of Shares
of Common Stock Outstanding 1,390,156 278,443 737,207 263,284
=============== =============== =============== ===============
</TABLE>
See Accompanying Notes to Financial Statements.
-3-
<PAGE>
XTREME WEBWORKS
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Nine months ended September 30, 2000 and
the year ended December 31, 1999
(Unaudited)
<TABLE>
<CAPTION>
Common Stock
---------------------
Number Additional
of Paid-In Accumulated
Shares Amount Capital (Deficit)
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Balance at December 31, 1998 253,986 254 $ 253,732 $ (83,108)
Various 1999 dates
Issued for cash 80,450 $ 80 $ 80,369
Net (Loss), 12-31-99 (82,145)
--------------- --------------- --------------- ---------------
Balance at December 31, 1999 334,436 $ 334 $ 334,101 $ (165,753)
January 1, 2000
Common stock issued from subscribed 31,000 $ 31 $ 30,969
January 1, 2000
Issued for services 17,750 $ 18 $ 17,732
May 8, 2000, issued for cash 52,800 $ 53 $ 52,747
May 8, 2000, issued for service 29,473 $ 29 $ 29,444
August / September, issued for cash 121,600 $ 122 $ 121,478
September 6, 2000, issues to services 556,460 $ 556 $ 555,904
September 6, 2000, 3.5 to one stock split 2,858,798 $ 2,859 $ (2,859)
Net (loss), 09-30-00 (789,092)
--------------- --------------- --------------- ---------------
Balance at September 30, 2000 4,002,317 $ 4,002 $ 1,139,516 $ (954,845)
=============== =============== =============== ===============
</TABLE>
See Accompanying Notes to Financial Statements.
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<PAGE>
XTREME WEBWORKS
STATEMENTS OF CASH FLOWS
(Unaudited)
<TABLE>
<CAPTION>
For the three months ended For the nine months ended
September 30, September 30,
2000 1999 2000 1999
-------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Cash Flows From Operating Activities
Cash received from customers $ 102,432 $ 3,380 $ 198,816 $ 25,545
Cash paid to suppliers and vendors (131,054) (40,434) (365,408) (86,603)
-------------- --------------- --------------- ---------------
Net cash provided by (used in)
operating activities $ (28,622) $ (37,054) $ (166,592) $ (61,058)
Cash Flows From Investing Activities
Net borrowings (payments to)
related parties $ (44,210) $ (6,646) $ 14,351 $ (13,287)
Purchase of equipment (17,606) (1,620) (17,606) (2,070)
Purchase of investment securities 0 0 0 0
--------------- --------------- --------------- ---------------
Net cash provided by (used in)
investing activities $ (61,816) $ (8,266) $ (3,255) $ (15,357)
Cash Flows From Financing Activities
Issuance of common stock $ 121,600 $ 46,600 $ 174,400 $ 80,450
Proceeds from subscriptions in advance (25,000) 0 0 0
--------------- --------------- --------------- ---------------
Net cash provided by financing activities $ 96,600 $ 46,600 $ 174,400 $ 80,450
Net increase (decrease) in cash $ 6,162 $ 1,280 $ 4,553 $ 4,035
Cash and cash equivalents
at beginning of period $ 69 $ 3,251 $ 1,678 $ 496
--------------- --------------- --------------- ---------------
Cash and cash equivalents
at end of period $ 6,231 $ 4,531 $ 6,231 $ 4,531
=============== =============== =============== ===============
</TABLE>
See Accompanying Notes to Financial Statements
-5-
<PAGE>
XTREME WEBWORKS
STATEMENTS OF CASH FLOWS
(Unaudited)
<TABLE>
<CAPTION>
For the three months ended For the nine months ended
September 30, September 30,
2000 1999 2000 1999
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
Reconciliation of net loss to net cash (used in)
operating activities
Net loss $ (590,403) $ (33,665) $ (789,092) $ (52,539)
Adjustments to reconcile net (loss) to cash
(used in) operating activities:
Depreciation 1,621 49 1,929 147
Loss on write-off of non-marketable securities 0 0 23,230 0
Stock issued as compensation 556,460 0 603,683 0
Change in assets and liabilities
(Increase) in accounts receivable 375 0 (22,175) 0
(Increase) decrease in officers
and notes receivable (3,674) (3,438) (7,591) (8,666)
Decrease in prepaid assets 0 0 0 0
Increase in accounts payable 6,999 0 16,045 0
Increase in accrued liabilities 0 0 7,379 0
--------------- --------------- --------------- ---------------
Net cash provided by (used in)
operating activities $ (28,622) $ (37,054) $ (166,592) $ (61,058)
=============== =============== =============== ===============
</TABLE>
See Accompanying Notes to Financial Statements.
-6-
<PAGE>
XTREME WEBWORKS
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
Note 1. Nature of Business and Significant Accounting Policies
The accompanying financial statements have been prepared in accordance
with generally accepted accounting principles for interim financial
information and with the instructions to Form 10-QSB and Regulation
S-B. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for
complete financial statements.
Nature of business
------------------
Xtreme Webworks ("Company") was organized August 14, 1994 under the
laws of the State of Nevada, under the name Shogun Investment Group,
Ltd. The Company designs and hosts Internet websites, and designs and
publishes online and printed newsletters. On May 10, 1998, the Company
changed it name to Xtreme Webworks.
A summary of the Company's significant accounting policies is as
follows:
-----------------------------------------------------------------------
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.
Cash
----
For the Statements of Cash Flows, all highly liquid investments with
maturity of three months of less are considered to be cash equivalents.
There were no cash equivalents as of September 30, 2000 and December
31, 1999.
Income taxes
------------
Deferred taxes are provided on a liability method whereby deferred tax
assets are recognized for deductible temporary differences and
operating loss and tax credit carryforwards and deferred tax
liabilities are recognized for taxable temporary differences. Temporary
differences are the differences between the reported amounts of assets
and liabilities and their tax basis. Deferred tax assets are reduced by
a valuation allowance when, in the opinion of management, it is more
likely than not that some portion or all of the deferred tax assets
will not be realized. Deferred tax assets and liabilities are adjusted
for the effect of changes in tax laws and rates on the date of
enactment.
Due to the inherent uncertainty in forecasts of future events and
operating results, the Company has provided for a valuation allowance
in an amount equal to gross deferred tax assets resulting in no net
deferred tax assets at September 30, 2000 and December 31, 1999.
-7-
<PAGE>
XTREME WEBWORKS
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
Note 1. Nature of Business and Significant Accounting Policies (continued)
Property and Equipment
----------------------
Property and Equipment is stated at cost. Depreciation is recorded
using the straight line method over the useful life of the assets;
furniture and equipment, seven years; computer equipment and
peripherals, three years.
Officer and Notes Receivable
----------------------------
Officer receivables represent advances to directors or officers of the
Company. Compensation to the officers are expensed as services are
performed. The receivables bear an interest rate of 10% per annum.
Notes receivable represents the net loans to companies controlled or
owned by directors or officers of the Company. The notes are unsecured
and due on demand by the Company. The notes bear an interest rate of
10% per annum.
Non-Marketable Securities
-------------------------
The Company holds stock interest in non-marketable securities,
primarily in non-public companies controlled or owned by directors or
officers of the Company. Investments are held at cost.
Revenue Recognition
-------------------
The Company hosts web sites or places advertising on the internet for
clients. These services require the payment of monthly or quarterly
fees by the customers. Revenues are recognized on a monthly basis, as
the fees become due or non-refundable to the client. The Company also
designs web sites and assists in publishing both online and printed
newsletters. Revenue for these services is recognized as services are
performed and accepted by the client and collection of the resulting
receivable is reasonably assured.
Software Development Costs
--------------------------
Website development and other computer software costs are primarily
marketed for use by clients. The Company expenses these costs in the
period incurred in accordance with Statement of Financial Accounting
Standard (SFAS) No. 86, "Accounting for the Costs of Computer Software
to be Sole, Leased, or Otherwise Marketed."
Note 2. Stockholders' Equity
Common stock
------------
The authorized common stock of the Company consists of 50,000,000
shares with par value of $0.001. The company had stock issued and
outstanding on September 30, 2000, 4,002,317 shares; September 30,
1999, 328,986 shares; and December 31, 1999, 334,436 shares. The
Company has not authorized any preferred stock
On September 6, the Board of Directors of the Company approved issuance
of shares to certain board members and Shogun Investment Group, Ltd, a
company related through common ownership and management, for work
performed for the Company. A total of 556,460 shares were issued. The
shares are valued at one dollar ($1.00) per share, the sales price of
shares to third parties on September 5, 2000. Director compensation and
consulting fees to non-directors for the period ended September 30,
2000 totaled $330,000, and $226,460, respectively.
-8-
<PAGE>
XTREME WEBWORKS
NOTES TO FINANCIAL STATEMENTS
(Unaudited)
Net loss per common share
-------------------------
Net loss per share is calculated in accordance with SFAS No. 128,
"Earnings Per Share." The weighted-average number of common shares
outstanding during each period is used to compute basic loss per share.
Diluted loss per share is computed using the weighted averaged number
of shares and dilutive potential common shares outstanding. Dilutive
potential common shares are additional common shares assumed to be
exercised.
Basic net loss per common share is based on the weighted average number
of shares of common stock outstanding. Weighted average number of
shares outstanding for the nine months ended September 30, 2000 and
1999 were 737,207 and 263,284 respectively. Weighted average number of
shares outstanding for the three months ending September 30, 2000 and
1999 were 1,390,156 and 278,443 respectively. As of September 30, 2000
and 1999 and December 31, 1999, the Company had no dilutive potential
common shares.
Note 3. Related Party Transactions
During the six months ended September 30, 2000, the Company published
an online magazine for a related party and began design work on an
internet web site for the same related party. Related party revenues
and expenses recorded for the nine-month period ending September 30,
2000 were $100,180 and $77,662, respectively. There were no related
party revenues and expenses for the three-month period ending September
30, 2000. Accounts receivable from related parties included in trade
receivables is $20,000 at September 30, 2000.
-9-
<PAGE>
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations.
GENERAL OVERVIEW
Xtreme Webworks (the "Company") is a growing Internet business
promotion company, providing website and web page promotion for its clients.
The Promotion Program
Xtreme Webworks has developed proprietary software, and uses
various commercial software, to stimulate Internet traffic to
its clients' websites.
Xtreme Webworks provides website promotion for its clients by
providing the following services:
o Creates 280 HTML attraction pages for each client's website.
o Selects 20 keywords and supplies an attraction page for each
keyword for each major Internet search engine. (An attraction page
is the individual page that attracts a search engine to one keyword.)
o Supplies an "Enter" button on each attraction page.
o Submits doorway pages to 14 major Internet search engines on a daily
basis.
o Submits each client's "site" to 1,000+ other minor Internet search
engines on a weekly basis.
o Manually submits to live directories: Yahoo, NBCI, and DMOZ.
o Arranges, updates and maintains hyperlinks to each client's website
from 1000+ link locations around the world.
o Posts each client's link to and from "Our Friends Page"
(Link Exchange Program).
o Posts a block ad on hundreds of advertising sites on the Internet.
o Changes and updates each client's attraction pages regularly.
o Optional service: Submits to foreign Internet search engines at the
client's request.
-10-
<PAGE>
RESULTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO THREE MONTHS ENDED
SEPTEMBER 30, 1999
REVENUES. For the three months ended September 30, 2000, revenues were
approximately $102,000, an increase of approximately $98,600 or 2900%, versus
revenues of approximately $3,400 for the three months ended September 30, 1999.
The increase in revenues for the 2000 period was due primarily to:
1) an increase in sales of the Company's promotion product due to improvement of
the Company's product and expansion of the Company's sales and promotions
forces, 2) an increase in the number of clients served, and 3) an increase in
the Company's client retention rate.
OPERATING EXPENSES. Operating expenses increased to approximately
$696,000 for the three months ended September 30, 2000 as compared to $40,500
for the three months ended September 30, 1999. This increase in operating
expenses for the three months ended September 30, 2000 occurred primarily
due to: 1) an increase in payroll expenses, due to the hiring of 11 new
employees in conjunction with the creation and/or expansion of departments
within the Company, including sales, marketing, promotion, and customer service
departments, 2) stock compensation for the Company's directors and consulting
services, including accounting and legal fees, and 3) an increase in production
equipment and software.
NET PROFIT (LOSS). Net loss for the three months ended September 30,
2000 increased by approximately $557,000 from the comparable period in the prior
year as a result of the aforementioned increase in overhead expenses due to
expansion of the Company.
NINE MONTHS ENDED SEPTEMBER 30, 2000 COMPARED TO NINE MONTHS ENDED
SEPTEMBER 30, 1999
REVENUES. For the nine months ended September 30, 2000, revenues were
approximately $221,000, an increase of approximately $195,500, or 770%, versus
revenues of approximately $25,500 for the nine months ended September 30, 1999.
The increase in revenues for the 2000 period was due primarily to: 1) rapid
expansion of the Company during the 3rd quarter of 2000, including the creation
and/or expansion of its research and development, sales, marketing, promotion,
and customer service departments, resulting in improvement of the Company's
product and increased product cost, 2) the publication of two publications for
one of the Company's primary clients, World Stock Watch, a financial
publication.
OPERATING EXPENSES. Operating expenses increased to approximately
$994,000 for the nine months ended September 30, 2000 as compared to $87,000
for the nine months ended September 30, 1999. This increase in operating
expenses for the nine months ended September 30, 2000 occurred primarily due to
expansion of the Company's operations, including the hiring of 11 new employees,
the creation and/or expansion of departments within the Company, stock
compensation for the Company's directors and consulting services fees, and
increased production expenses for additional clients.
-11-
<PAGE>
NET PROFIT (LOSS). Net loss for the nine months ended September 30,
2000 increased by approximately $737,000 from the comparable period in the prior
year as a result of the aforementioned increase in overhead expenses due to the
expansion of the Company's product and services.
LIQUIDITY AND CAPITAL RESOURCES
OVERVIEW. Management believes that the Company will be able to raise
additional capital through the sale of stocks or procurements of loans in order
to provide sufficient liquidity on a short-term basis to continue expansion. On
a long-term basis, management of the Company believes that, depending on future
cash flow from operations, the Company may be required to secure additional
financing.
ASSETS AND LIABILITIES. As of September 30, 2000, the Company had
assets of approximately $210,000, compared to $200,000 as of December 31, 1999.
The increase of approximately $26,700 in cash and accounts receivable as
of September 30, 2000 was offset by a decrease in notes receivable and non-
marketable securities held by the Company. The Company's current liabilities
decreased from approximately $31,000 as of December 31, 1999 to $41,425 as of
September 30, 2000. The Company's increase in accounts payable as of September
30, 2000 was offset by the absence of any subscriptions collected in advance
during the same time period, as compared to December 31, 1999.
STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information included herein contains statements that may be
considered forward-looking, such as statements relating to anticipated
performance and financing sources. Any forward-looking statement made by the
Company necessarily is based upon a number of estimates and assumptions that,
while considered reasonable by the Company, is inherently subject to significant
business, economic and competitive uncertainties and contingencies, many of
which are beyond the control of the Company, and are subject to change. Actual
results of the Company's operations may vary materially from any forward-looking
statement made by or on behalf of the Company. Forward-looking statements should
not be regarded as a representation by the Company or any other person that the
forward-looking statements will be achieved. Undue reliance should not be placed
on any forward-looking statements. Some of the contingencies and uncertainties
to which any forward-looking statement contained herein is subject include, but
are not limited to, those relating to dependence on existing management,
Internet regulation, leverage and debt service, domestic or global economic
conditions and changes in federal or state tax laws or the administration of
such laws.
-12-
<PAGE>
PART II - OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits
Exhibit
No. Description
----- -------------------------------------------------
3.1 Articles of Incorporation
of Xtreme Webworks,
fka Shogun Advertising, Inc.
(Incorporated by reference from Exhibit 3.1 of Form
10SB12G/A filed November 7, 2000).
3.2 Bylaws
of Xtreme Webworks,
fka Shogun Advertising, Inc.
(Incorporated by reference from Exhibit 3.2
of Form 10SB12G/A filed November 7, 2000).
Material Contracts
10.1 New Service Agreement
10.2 Lease Agreement (with attached exhibits).
(Incorporated by reference from Exhibit 10.2 of Form 10SB12G/A
filed November 7, 2000).
27.1 Financial Data Schedule
For period ending September 30, 2000.
(b) Reports on Form 8-K
The Company filed a report on Form 8-K on October 17, 2000 regarding
a change in accountants.
-13-
<PAGE>
EXHIBIT 10.1
XTREME WEBWORKS, INC.
PROMOTIONAL AGREEMENT
Please complete and fax to Xtreme Webworks, Inc., at (702) 967-0123.
Company Name: _________________________________________________________
Contact Name and Title:____________________________________________________
Street Address:___________________________________________________________
City:________________________________State:____________________Zip:________
Work Phone:__________________________Fax:_______________________________
Email address:____________________________________________________________
Xtreme Webworks, Inc., will provide the Promotional Campaign for:
http://www.______________________________________________________________
-------------------------------------------------------------------------
Three Month Campaign $2,000.00
PAYMENT INFORMATION:
Visa_____Mastercard_____American Express_____Discover_____Ck #_____
Credit Card #_____________________________________________________
Expiration Date___________________________________________________
Check by Phone or fax:
Bank Name__________________________Address_____________________________
Account Name_______________________Account #____________________________
ABA#__________________________________________________________________
Drivers License #_________________________________________________________
-14-
<PAGE>
XTREME WEBWORKS, INC.
PROMOTIONAL AGREEMENT
(cont.)
Xtreme Webworks, Inc., agrees to use its best efforts to promote the
indicated website. This form constitutes a binding contract between the
undersigned and Xtreme Webworks, Inc. The contract shall be enforceable under
the laws of the State of Nevada.
The client agrees to protect and indemnify Xtreme Webworks, Inc., from any
claims of libel, copyright violation, plagiarism, and other suits or claims
based on the content or subject matter of the client's website. All claims made
are the responsibility of the client. No refunds apply.
The foregoing constitutes the entire agreement between the parties and may be
modified only in writing and signed by all parties.
Authorized Signature:____________________________________________Date:_____
Xtreme Webworks, Inc.:__________________________________________Date:_____
Xtreme Webworks will provide the following list of services:
-Creation of 280 HTML attraction pages for your site.
-An attraction page. This is an individual page that attracts a search engine
for one keyword. The actual content of the page is relevant to your site. We
will select 20 keywords and supply an attraction page for each keyword for
each major search engine.
-An enter button. This appears on the attraction page. -Submission of doorway
pages to the 14 major search engines daily. -Submit "your site" to 1,000+ other
minor search engines weekly. -Manually submit site to WEB Directories: Yahoo,
NBCI, Open Directory and more.
-Arrange, update and maintain hyperlinks to your site from 1000+ link locations
around the world.
-Post your link to and from "Our Friends Page" (Link Exchange Program). -Send
press releases to World Wide Press sources that match your specific company
criteria. -Post a block ad on hundreds of advertising sites around the web.
-Changes and updates to all pages regularly.
-15-
<PAGE>
SIGNATURES
In accordance with 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.
XTREME WEBWORKS
Date: November 14, 2000 By: /s/ Shaun Hadley
-------------------------
SHAUN HADLEY
PRESIDENT
Date: November 14, 2000 By: /s/ Paul Hadley
-------------------------
PAUL HADLEY
SECRETARY OF THE BOARD
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