SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB/A
Amendment No. 1
(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, 1998
OR
[] TRANSITION REPORT UNDER SECTION 13 OF 15(d) OF THE EXCHANGE ACT OF 1934
From the transition period from ____________ to ____________.
Commission File Number 33-55254-40
LATIN AMERICAN TELECOMMUNICATIONS
VENTURE COMPANY - LATVCO.
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(Exact name of small business issuer as specified in its charter)
Nevada 87-0485311
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(State or other jurisdiction (IRS Employer Identification No.)
of incorporation or organization)
440 Louisiana, #475, Houston, TX 77002
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(Address of principal executive offices)
(713) 547-8900
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(Issuer's telephone number)
N/A
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(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act 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
--- ----
Class Shares Outstanding Date
------- ------------------ ------
Common, $.001 par value 1,000,000 October 1, 1998
<PAGE>
LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
INDEX
Page
Number
-------
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements
Condensed Balance Sheets - September 30, 1998 and
December 31, 1997 .......................................... 1
Condensed Statements of Operations - For the three months
and nine months ended September 30, 1998 and 1997 and for
the period from inception (July 26, 1990) to September 30,
1998........................................................ 2
Condensed Statements of Cash Flows - For the nine months
ended September 30, 1998 and 1997 and for the period from
inception (July 26, 1990) to September 30, 1998 ............ 3
Notes to Condensed Financial Statements...................... 4
Item 2.Management's Discussion and Analysis of Financial Condition
and Results of Operations................................... 5
PART II - OTHER INFORMATION........................................... 5
SIGNATURES............................................................ 6
<PAGE>
PART I - FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
(A Development Stage Company)
Balance Sheets
Assets
September 30, December 31,
1998 1997
Current Assets
Cash $ 0 $ 0
------- -------
Total Current Assets 0 0
------- -------
Total Assets $ 0 $ 0
======= =======
Liabilities & Stockholder Equity
Current Liabilities
Accounts Payable $ 0 $ 0
------- -------
Total Current Liabilities $ 0 $ 0
------- -------
Stockholders Equity
Authorized shares 25,000,000
$0.001 par value; 1,000,000
outstanding at 9-30-98 and
at 12-31-97 1,000 1,000
Deficit accumulated during
development stage (1,000) (1,000)
------- -------
Total Stockholders Equity $ 0 $ 0
------- -------
Total Liabilities & Stockholders Equity $ 0 $ 0
======= =======
See Notes to the Financial Statements
1
<PAGE>
LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
(A Development Stage Company)
Statement of Operations
<TABLE>
From
Inception
For the Three (July 26, 1990)
Months Ended For the Nine Months Through
September 30, Ended September 30, September 30,
----------------- --------------------- ----------------
1998 1997 1998 1997 1998
---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C>
REVENUES $ 0 $ 0 $ 0 $ 0 $ 0
------ ------ ------ ------ ------
EXPENSES
Administration Expenses 0 0 0 0 1,000
Total Expenses 0 0 0 0 1,000
------ ------ ------ ------ ------
NET (LOSS) $ (0) $ (0) $ (0) $ (0) $ (1,000)
====== ====== ====== ====== ======
(LOSS) PER SHARE $ (.00) $ (.00) $ (.00) $ (.00) $ (.01)
====== ====== ====== ====== ======
AVERAGE SHARES
OUTSTANDING 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
========= ========= ========= ========= =========
</TABLE>
See Notes to the Financial Statements
2
<PAGE>
LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
(A Development Stage Company)
Statements of Cash Flows
For the Nine Months Ended Date of Inception
September 30, (July 26, 1990) to
1998 1997 September 30, 1998
-------- -------- -------------------
CASH FLOWS FROM FINANCING
ACTIVITIES
Net Income (Loss) $ 0 $ 0 $ (1,000)
Adjustments to reconcile net loss
to cash used in operating
activities: 0 0 0
------ ------ --------
Net Cash Used By Operating
Activities $ 0 $ 0 $ (1,000)
CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from issuance of
common stock 0 0 1,000
------ ------ --------
Net cash provided from financing
activities $ 0 $ 0 1,000
------ ------ --------
Net Increase (Decrease) in Cash $ 0 $ 0 $ 0
Cash at Beginning of Period 0 0 0
------ ------ --------
Cash at End of Period $ 0 $ 0 $ 0
====== ====== ========
3
<PAGE>
LATIN AMERICAN TELECOMMUNICATIONS VENTURE COMPANY - LATVCO.
(A Development Stage Company)
Notes to the Condensed Financial Statements
September 30, 1998
1. General
The interim financial statements are prepared pursuant to the requirements
for reporting on Form 10-QSB. The December 31, 1997 balance sheet data was
derived from audited financial statements but does not include all disclosures
required by generally accepted accounting principles. The interim financial
statements and notes thereto should be read in conjunction with the financial
statements and notes included in the Company's Form 10-KSB for the year ended
December 31, 1997. In the opinion of management, the interim financial
statements reflect all adjustments of a normal recurring nature necessary for a
fair statement of the results for the interim periods presented.
4
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Material Changes in Result of Operations
During the three months and nine months ended September 30, 1998 and 1997,
the Company had no operations other than the search for a business to acquire or
with which to combine.
The Company reported no revenues for either the three month or nine month
periods ended September 30, 1998 or 1997 and the Company incurred no expenses
for either the three-month or nine-month periods ended September 30, 1998 or
1997.
Material Changes in Financial Condition, Liquidity and Capital Resources
At September 30, 1998 the Company had no current assets and no current
liabilities as compared to no current assets and no current liabilities at
December 31, 1997.
Although the Company has no liquidity, it believes that it will be able to
find a suitable Company with which to merge.
PART II - OTHER INFORMATION
NONE
5
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
LATIN AMERICAN TELECOMMUNICATIONS
VENTURE COMPANY - LATVCO.
Date:October 7, 1998 By: /s/ Craig Barton
--------------------------------
Craig Barton, President
Principal Executive Officer and
Principal Financial Officer
Date:October 12, 1998 By: /s/ Hank Vanderkam
--------------------------------
Hank Vanderkam, Treasurer
Principal Financial Officer
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-mos
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1998
<PERIOD-END> SEP-30-1998
<CASH> 0
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 1,000
<OTHER-SE> (1,000)
<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-PRIMARY> 0
<EPS-DILUTED> 0
</TABLE>
