U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 1999
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission File No. 0-9410
SPM GROUP, INC.
(Exact name of small business issuer as specified in its charter)
Colorado 83-0233011
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
5882 South 900 East, Suite 202, Salt Lake City, Utah 84121
(Address of principal executive offices)
(801) 269-9500
(Issuer's telephone number)
Not Applicable
(Former name, address and fiscal year, if changed since last report)
Check whether the issuer (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the issuer
was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes [ X] No [ ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
State the number of shares outstanding of each of the issuer's
classes of common equity, as September 31, 1999: 43,861,858
shares of common stock.
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS
DURING THE PRECEDING FIVE YEARS:
Check whether the registrant has filed all documents and reports
required to be filed by Sections 12, 13, or 15(d) of the
Exchange Act subsequent to the distribution of securities under
a plan confirmed by a court. Yes [ ] No [ ]
Transitional Small Business Format: Yes [ ] No [ X ]
Documents incorporated by reference: None
<PAGE>
FORM 10-QSB
SPM GROUP, INC.
INDEX
Page
PART I. Financial Information 3
Financial Statements
Balance Sheets- June 30, 1999
(Unaudited) & December 31, 1998 4
Statements of Operations (Unaudited) for
the Three and Six Months Periods Ended 5
June 30, 1999 and 1998
Statements of Cash Flows (Unaudited) for
the Six Months Periods Ended June 30, 6
1999 and 1998
Notes to Financial Statements 7
Management's Discussion and Analysis of
Financial Condition and Results of
Operations 8
PART II. Other Information
Signatures 9
2
<PAGE>
PART I.
Financial Information
In the opinion of management, the accompanying unaudited
financial statements included in this Form 10-QSB reflect all
adjustments (consisting only of normal recurring accruals)
necessary for a fair presentation of the results of operations
for the periods presented. The results of operations for the
periods presented are not necessarily indicative of the results
to be expected for the full year.
3
<PAGE>
SPM Group, Inc.
(A Development Stage Company)
Balance Sheets
June 30, 1999 (Unaudited) & December 31, 1998
June December
30, 1999 31, 1998
Assets
Current Assets $ -0- $ -0-
Total Assets $ -0- $ -0-
Liabilities & Stockholders' Equity
Current Liabilities $ -0- $ -0-
Stockholders' Equity
Common Stock Authorized, 100,000,000
Shares at No Par Value, 43,861,858
Shares Issued & Outstanding 5,607,486 5,607,486
Deficit Accumulated (5,607,486) (5,607,486)
Total Stockholders' Equity -0- -0-
Total Liabilities & Stockholders' Equity $ -0- $ -0-
See accompanying notes.
4
<PAGE>
SPM Group, Inc.
(A Development Stage Company)
Statements of Operations (Unaudited)
For the Three and Six Months Periods Ended June 30, 1999 & 1998
For the Three Months Ended
June June June June
30, 1999 30, 1998 30, 1999 30, 1998
Revenue $ -0- $ -0- $ -0- $ -0-
Expenses -0- -0- -0- -0-
Income or (Loss) from Operations $ -0- $ -0- $ -0- $ -0-
Earnings (Loss) Per Share -0- -0- -0- -0-
Weighted Average Shares
Outstanding 43,861,858 43,861,858 43,861,858 43,861,858
See accompanying notes
5
<PAGE>
SPM Group, Inc.
(A Development Stage Company)
Statements of Cash Flows (Unaudited)
For the Six Months Periods Ended June 30, 1999 & 1998
1999 1998
Cash Flows from Operating Activities $ -0- $ -0-
Cash Flows from Investing Activities -0- -0-
Cash Flows from Financing Activities -0- -0-
Net Increase (Decrease) in Cash -0- -0-
Cash at Beginning of Period -0- -0-
Cash at End of Period $ -0- $ -0-
Disclosures from Operating Activities
Interest $ -0- $ -0-
Taxes -0- -0-
See accompanying notes.
6
<PAGE>
SPM Group, Inc,
(A Development Stage Company)
Notes to Financial Statements
NOTE #1 - Statement Preparation
The Company has prepared the accompanying financial statements
with interim financial reporting requirements promulgated by the
Securities & Exchange Commission. The information furnished
reflects all adjustments which are, in the opinion of management,
necessary for a fair presentation of financial position and
results of operations.
The financial statements should be read in conjunction with the
consolidated financial statements and notes thereto included in
the Company's 1998 10-K report.
See accompanying notes
7
<PAGE>
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION OR PLAN OF OPERATION
The Company has -0- cash on hand and did not generate any
revenue during the quarterly period ended June 30, 1999. The
Company has no material commitments for capital expenditures for
the next twelve months.
The Company believes that its current cash needs can be met
with cash advances from officers and directors of the Company for
at least the next twelve months. However, should the Company
obtain a business opportunity, it may be necessary to raise
additional capital. This may be accomplished by loans from the
principals of the Company, debt financing, equity financing or a
combination of financing options.
PART II. OTHER INFORMATION
Legal Proceedings:
None
Changes in Securities and Use of Proceeds:
None.
Defaults upon Senior Securities:
None.
Submission of Matters to a Vote of Securities Holders:
None.
Other Information:
None.
Exhibits and Reports on Form 8-K.
Reports on Form 8-K: None.
Exhibits: Included only with the electronic filing of this
report is the Financial Data Schedule for the three month period
ended June 30, 1999 (Exhibit ref. No. 27).
8
<PAGE>
SIGNATURES
In accordance with the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned
thereunto duly authorized.
SPM GROUP, INC.
Date: April 5, 2000 By:/s/ John Chymboryk
President
Date: April 5, 2000 By:/s/ Kip Eardley
Chief Financial Officer
9
<PAGE>
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<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<CASH> 0
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0
0
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<NET-INCOME> 0
<EPS-BASIC> 0
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