United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10-QSB
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15
(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the quarterly period ended
September 30,1999
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15
(d) OF THE
EXCHANGE ACT
Commission file Number 0 - 22678
PM MANAGEMENT SYSTEMS, INC.
Exact name of small business issuer
As specified in its charter
Nevada 84 -1193941
(State or other I.R.S.
jurisdiction of Employer
incorporation or Identification No.
organization )
404 Scott Point Drive, Salt Spring
Island, BC V8K 2R2 Canada
(Address of principal executive office)
(250) 537 - 5732
Issuer's telephone number
1001 South Monaco Parkway, Denver, CO 80224
(Former name, former address and former
fiscal year, if changed since last report)
APPLICABLE ONLY TO ISSUERS INVOLVED IN
BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS
Check whether the registrant filed all
documents and reports required
To be filed by Section 12, 13 or 15 (d) of
the Exchange Act after the distribution of
Securities under a plan confirmed by a court.
Yes ____ No ____
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of
each of the Issuer's
common equity as of the last practicable
date: 2,020,000 shares
Transitional Small Business Disclosure Format
(check one) Yes ___ No X
PART 1
FINANCIAL INFORMATION
Item 1. Financial Statements
The unaudited financial statements for
the quarter ended September 30,1999 are
attached hereto as EXHIBIT A.
Item 2. Managements Discussion and
Analysis or Plan of Operation
The Company is in the development stage
and has not generated revenues as yet.
EXHIBIT A and the financial notes
thereto are incorporated herein by
reference.
PART II
OTHER INFORMATION
Item 1. LEGAL PROCEEDINGS
NONE
Item 2. CHANGES IN SECURITIES
NONE
Item 3. DEFAULTS UPON SENIOR SECURITIES
NONE
Item 4. SUBMISSION OF MATTERS TO A VOTE OF
SECURITIES HOLDERS
No matters have been submitted to a vote
of the stockholders during the quarter
ended September 30, 1999.
Item 5. OTHER INFORMATION
NONE
Item 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit No. 27 Financial Data
Schedule
(b) Reports on Form 8-K
No reports on Form 8-K were filed by
the Company during the fiscal quarter
ended September 30, 1999.
SIGNATURES
In accordance with the requirements of
the Exchange Act, the registrant caused this
report to be signed by its behalf by the
undersigned, thereto duly authorized.
P.M. MANAGEMENT SYSTEMS, INC.
Dated: December 15, 1999 By: /S/Anthony V.
Feimann
Anthony V. Feimann,
Secretary,
Chief Financial Officer
Principal Accounting
Officer
P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)
BALANCE SHEETS
September 30, 1997 and 1998
<TABLE>
<CAPTION>
ASSETS
1999 1998
<S> <C> <C>
CURRENT ASSETS: 0 0
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES: 0 0
STOCKHOLDERS' EQUITY:
Common Stock no par value per
share,10,000,000 shares authorized;
issued and outstanding 2,020,000
shares. 74,150 74,150
Preferred Stock, no par value,
Authorized, Issued and
Outstanding 1,000 shares 1,000 1,000
SUBTOTAL: 75,150 75,150
Deficit accumulated during
the development stage (75,000) (75000)
Treasury Stock (150) (150)
</TABLE>
TOTAL STOCKHOLDERS' EQUITY 0 0
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 0 0
P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)
STATEMENT 0F OPERATIONS
(Unaudited)
For the nine months ended September 30,1999 and
1998
<TABLE>
<CAPTION>
1999 1998
<S> <C> <C>
REVENUES: 0 0
OPERATING EXPENSES: 0 0
NET (LOSS) FROM OPERATIONS: ( 0) (0)
NET (LOSS) PER COMMON SHARE ( 0) (0)
</TABLE>
WEIGHTED AVERAGE COMMON SHARES
OUSTANDING 2,020,000 2,020,000
P.M. MANAGEMENT SYSTEMS, INC
(A development stage company)
STATEMENTS OF CASH FLOWS
(Unaudited)
For the nine months ended September 30, 1999 and 1998
1999 1998
CASH PROVIDE BY (USED FOR)
OPERATING ACTIVITIES:
(LOSS) For the nine months ended 0 0
June 30, 1999 and 1998
Net cash provided by
Investing activities: 0 0
Net cash provided by
Financing activities 0 0
Net Increase in Cash 0 0
CASH, BEGINNING OF PERIOD: 0 0
CASH, END OF PERIOD: 0 O
P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)
STATEMENTS OF STOCKHOLDERS' EQUITY
(Unaudited)
For the six months ended June 30, 1998
<TABLE>
<CAPTION>
Deficit
Number of Number of Accumulated
Shares Shares Amount Amount Treasury during the
Common Preferred common Preferred Stock Development Total
<S> <C> <C> <C> <C> <C> <C> <C>
Balance
January 1,
1996 10000000 1000000 1999150 1000 (150) (75000) 1925000
Cancellation
Of purchase
Of Ad-A-Cab
America, LLC
and
cancellation
Of 7,980,000
Common Shares
January 25/96 (7980000)0 (1925000) 0 0 0 (1925000)
Net loss
For the
Year ended
12/31/96 0 0 0 0 0 0 0
Balance
12/31/96 2020000 1000000 74150 1000 (150) (75000) 0
Net Loss
For period 0 0 0 0 0 0 0
Sept. 30, 1999 2020000 1000000 74150 1000 (150) (75000) 0
</TABLE>
P.M. MANAGEMENT SYSTEMS, INC.
(A development stage company)
NOTES TO FINANCIAL STATEMENTS
September 30,1998
NOTE 1 - ORGANIZATION OF P.M. MANAGEMENT SYSTEMS, INC.:
P.M. Management Systems, Inc. is a Colorado corporation
and is currently in the development stage. On May 6,
1994, the Company changed its name from Process Based
Management, Inc. to P.M. Management Systems, Inc.
On September 5, 1994, the Company acquired all the
issued and outstanding ownership interests in Ad-A-Cab
America, LLC, a Wyoming Limited Liability Company. To
effect the reorganization pursuant to Section 368(a)
(1) (B) of the Internal Revenue Code, the Company
issued 7,980,000 shares of its previously authorized,
but unissued no par value common stock
In January, 1996, the Company terminated its ownership
interests in Ad-A-Cab America LLC. The above-mentioned
7,980,000 that were issued September 5, 1994 were
returned and cancelled by the Company.
<TABLE> <S> <C>
<ARTICLE> 5
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> SEP-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> 0
<BONDS> 0
0
1000
<COMMON> 74150
<OTHER-SE> 0
<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>
