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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,D.C. 20549
FORM 10-QSB
(Mark One)
[ X ] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended July 31,2000
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[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from to
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Commission file number O-13635
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SFG FINANCIAL CORPORATION
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(Exact name of small business issuer as specified in its charter)
Delaware 13-3208094
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
85 Amherst Street, Garden City, New York 11530
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(Address of principal executive offices)
(516) 327-0843
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(Issuer's telephone number)
SFG CORPORATION, 142 Brixton Road Garden City, New York 11530
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(Former name, former address and former fiscal year,
if changed since last report)
3,406,856 Common shares were outstanding as of July 31, 2000.
Transitional Small Business Disclosure Format Yes [ ] No [X]
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PART I FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS.
The Financial Statements listed on the accompanying index are
filed with and included with this report.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
2000 Compared to 1999
Revenues for the six months ended July 31, 2000 decreased 92.7% to $5,741 from
$74,852 in 1999. The decrease is primarily attributable to a decrease in firm
term lease rentals generated by existing equipment leases.
Operating and administrative expenses and interest decreased $26,111 and $12,928
respectively. These decreases are due to decreased personnel and operating
expenses.
PART II OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
None
SIGNATURES
SFG FINANCIAL CORPORATION
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(Registrant)
Date 9/13/00 /s/ John A. Dugan
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John A. Dugan- Chairman and Chief Executive
Date 9/13/00 /s/ Anthony S. Pintauro
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Anthony S. Pintauro-Director
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INDEX TO EXHIBITS
DESCRIPTION
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The following exhibit is incorporated by reference.
1.01 Financial Statements for the six months ending July 31, 2000 and
July 31, 1999
27 Financial Data Schedule
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