SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
Annual Report Pursuant to Section 13 or 15 (d)
of the Securities Exchange Act of 1934
For the Quarter Ended Commission File No.
June 30, 1999 33-19345-LA
EXHIBITRONIX, INC.
--------------------
(Name of small business issuer in its charter)
Nevada 93-0943718
- ------------------------------- -----------------
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
5234 Michelson Avenue, #23D
Irvine, California 92612
---------------------------
(Address of Principal Executive Offices)
Registrant's telephone number including area code: 714-404-3600
Former name, former address, and former fiscal
year end, if changed since last report.
Indicate by checkmark 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 preceding 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 in the past 90 days:
Yes X No
---------- ----------
Indicate the number of shares outstanding for each of the issuer's
classes of Common Stock as of the last practical date: October 25, 1999,
6,428,078 Shares
Exhibitronix, Inc.
TABLE OF CONTENTS
PART I FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS (Unaudited)
Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Statements of Operations. . . . . . . . . . . . . . . . . . . . . . 4
Statements of Cash Flows. . . . . . . . . . . . . . . . . . . . . . 5
Note to Financial Statements. . . . . . . . . . . . . . . . . . . . 6
ITEM 2 MANAGEMENT DISCUSSION AND FINANCIAL
CONDITION AND RESULTS OF OPERATIONS. . . . . . . . . . . . . . 6
PART II OTHER INFORMATION. . . . . . . . . . . . . . . . . . . . . . . 7
SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Exhibitronix, Inc.
Balance Sheets
June 30, 1999 (Unaudited) & December 31, 1998
<TABLE>
<CAPTION>
1999 1998
---------- ----------
<S> <C> <C>
Assets
Current Assets
- --------------
Cash $ -0- $ -0-
---------- ----------
Total Current Assets $ -0- $ -0-
========== ==========
Liabilities & Stockholders' Equity
Current Liabilities
- -------------------
Accounts Payable $ 4,371 $ 4,598
Due Officers 2,493 634
---------- ----------
Total Current Liabilities 6,864 5,232
Stockholders' Equity
- --------------------
Common Stock 50,000,000 Shares Authorized at
$.001 Par Value 6,428,078 Shares Issued &
Outstanding Retroactively Restated 6,428 6,428
Paid In Capital 125,871 125,871
Retained Earnings (Deficit) ( 139,163) ( 137,531)
---------- ----------
Total Stockholders' Equity ( 6,864) ( 5,232)
---------- ----------
Total Liabilities & Stockholders' Equity $ -0- $ -0-
========== ==========
</TABLE>
See Accompanying Notes
Exhibitronix, Inc.
Statements of Operations
April 1, 1999 to June 30, 1999 &
April 1, 1998 to June 30, 1998 &
January 1, 1999 to June 30, 1999 &
January 1, 1998 to June 30, 1998
<TABLE>
<CAPTION>
April April January January
1, 1999 1, 1998 1, 1999 1, 1998
to June to June to June to June
30, 1999 30, 1998 30, 1999 30, 1998
---------- ---------- ---------- ----------
<S> <C> <C> <C> <C>
Revenues $ -0- $ -0- $ -0- $ -0-
- --------
Expenses
- --------
Administrative Expenses -0- 258 -0- 258
Professional Fees -0- 2,691 1,632 2,691
Transfer Fees -0- 140 -0- 140
License & Tax -0- 150 -0- 235
---------- ---------- ---------- ----------
Total Expenses -0- 3,239 1,632 3,324
Net Loss -0- ( 3,239) ( 1,632) ( 3,324)
========== ========== ========== ==========
Loss Per Share ( .00) ( .00) ( .00) ( .00)
Weighted Average
Shares Outstanding 6,428,078 6,428,078 6,428,078 6,428,078
</TABLE>
See Accompanying Notes
Exhibitronix, Inc.
Statements of Cash Flows
For the Period January 1, 1999 to June 30, 1999 (Unaudited)
and the Period January 1, 1998 to June 30, 1998 (Unaudited)
<TABLE>
<CAPTION>
1999 1998
---------- ----------
<S> <C> <C>
Cash Flows from Operating Activities
- ------------------------------------
Net Loss ($ 1,632) ($ 3,324)
Changes in Operating Liabilities:
Increase (Decrease) in Accounts Payable ( 227) 3,324
Increase (Decrease) in Due Officers 1,859 -0-
---------- ----------
Net Cash Used by Operating Liabilities -0- -0-
Cash Flows from Investing Activities -0- -0-
- ------------------------------------ ---------- ----------
Cash Flows from Financing Activities
- ------------------------------------
Sale of Common Stock -0- -0-
---------- ----------
Net Cash Provided by Financing Activities -0- -0-
---------- ----------
Increase in Cash and Cash Equivalents -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-
</TABLE>
See Accompanying Notes
Exhibitronix, Inc.
Notes to Financial Statements (Unaudited)
ITEM I
- ------
NOTE #1 - Basis of Presentation
- -------------------------------
The accompanying unaudited 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 Rule 10-01
of Regulation S-X. Accordingly, they do not include all of the information
and footnotes required by generally accepted accounting principles for
complete financial statements. In the opinion of management, adjustments
(consisting of normal recurring accruals) considered necessary for a fair
presentation, have been included. Operating results for the six-month period
ending June 30, 1999 are not necessarily indicative of the results that may
be expected for the year ended December 31, 1999. For further information,
refer to the financial statements and footnotes thereto included in the
Company's annual report on Form 10-KSB for the year ended December 31, 1998.
ITEM II
- -------
Management's Discussion and Analysis of Financial Condition and Results of
Operation
- ---------------------------------------------------------------------------
The Company has no operations, no assets or liabilities and is dependent upon
its officers for its cash requirements. In the quarter ended March 1997, an
officer and others invested $5,400 for 5,400,000 shares of common stock. The
Company currently is seeking to find a business opportunity that will provide
operations and a source of working capital for the Company.
PART II
OTHER INFORMATION
Item 1 Legal Proceedings. . . . . . . . . . . . . . . . . . . . . .None
Item 2 Changes in the Rights of the
Company's Security Holders . . . . . . . . . . . . . . . . .None
Item 3 Defaults by the Company on its Senior Securities . . . . . .None
Item 4 Results of Votes of Security Holders . . . . . . . . . . . .None
Item 5 Other Information. . . . . . . . . . . . . . . . . . . . . .None
Item 6 Exhibits and Reports on Form 8-K . . . . . . . . . . . . . .None
SIGNATURES
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.
October 25, 1999 /S/ Jay A. Geier
Date ------------------ By:-----------------------
Jay A. Geier, President
Exhibitronix, Inc.
<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000827164
<NAME> EXHIBITRONIX, INC.
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> APR-01-1999
<PERIOD-END> JUN-30-1999
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 6,864
<BONDS> 0
0
0
<COMMON> 6,428
<OTHER-SE> (13,292)
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
