<PAGE>
================================================================================
U.S. 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 March 31, 2000
|_| TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934.
For the transition period from _____ to ______
Commission file number 0-25022
MoneyZone.com
- --------------------------------------------------------------------------------
(Exact Name of Small Business Issuer as Specified in Its Charter)
NEVADA 72-1148906
- ------------------------------------------------ ------------------------------
(State Or Other Jurisdiction Of (I.R.S. Employer
Incorporation Or Organization) Identification No.)
8701 RED OAK BLVD, SUITE 100, CHARLOTTE, NORTH CAROLINA 28217
- --------------------------------------------------------------------------------
(Address Of Principal Executive Offices)
(704) 522-1410
- --------------------------------------------------------------------------------
(Issuer's Telephone Number, Including Area Code)
Check whether the issuer: (1) 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 for the past
90 days.
Yes X No
---- ----
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date: 6,245,835
------------------------------
Transitional Small Business Disclosure Format:
Yes No X
---- ----
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
INDEX TO FORM 10-QSB
PAGE
PART I
Item 1. Financial Statements............................................ 2
Item 2. Management's Discussion and Analysis or Plan of Operation....... 10
PART II
Item 6. Exhibits, List and Reports on Form 8-K......................... 12
Signatures.............................................................. 13
<PAGE>
PART I
ITEM 1. FINANCIAL STATEMENTS
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
(UNAUDITED)
BALANCE SHEETS
March 31, March 31,
2000 1999
-------- --------
ASSETS
Cash $ 416,713 $ 1,014
Marketable securities 272,602 -
Property & equipment, net of
accumulated depreciation of $2,780 125,607 -
Prepaid Expenses 637,600 -
------------ ------------
Total Assets $ 1,452,522 $ 1,014
============ ============
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 44,335 $ 2,580
Advances - 14,590
Accrued interest - 18,741
Promissory notes to an
officer/stockholders - 159,372
------------ ------------
Total liabilities 44,335 195,283
------------ ------------
Commitments and contingencies
Shareholders' equity
Preferred stock; $.001 par value;
authorized 15,000,000 shares;
issued - none - -
Common stock; $.001 par value;
authorized 50,000,000 shares;
6,245,835 and 1,633,227 shares
issued and outstanding at December
31, 1999 and 1998 6,246 1,633
Additional paid in capital 2,387,593 224,362
Deficit accumulated during development
stage (985,652) (420,264)
------------ ------------
Total shareholders' equity 1,408,187 (194,269)
------------ ------------
Total Liabilities and
Shareholders' Equity $ 1,452,522 $ 1,014
============ ============
See accompanying notes to financial statements.
2
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
(UNAUDITED)
STATEMENTS OF OPERATIONS
APRIL 4, 1989
FOR THE THREE MONTHS INCEPTION) TO
ENDED MARCH 31, MARCH 31,
---------------------------- -------------
2000 1999 2000
------------- ------------- -------------
Service Income $ - $ $ 710
-
Costs and expenses
Costs related to attempted
Business acquisitions - - 192,020
Web Site and Related Costs 45,101 - 130,832
General and administrative 363,060 571,939
Interest - 4,603 25,107
Offering Costs - - 66,464
---------- --------- -----------
Total costs and expenses 408,161 4,603 986,362
Net loss $(408,161) $ (4,603) $ (985,652)
=========== =========== ===========
Basic and diluted net loss per
common stock share before
extraordinary item $ (0.065) $ (0.002)
=========== ===========
Weighted average common shares 6,245,855 1,633,227
outstanding ========= ==========
See accompanying notes to financial statements.
3
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS
ENDED MARCH 31,
---------------
2000 1999
------ ------
Cash flows from operating activities
Net income (loss) $ (408,161) $ (4,603)
Adjustments to reconcile net loss
to net cash provided by (used in)
operating activities:
Write-down to market of
trading securities - -
Depreciation and amortization - -
Capital contributed by shareholder
for legal fees - -
Common stock issued for costs
advanced and services - -
Changes in operating assets and
liabilities
Accounts payable - 4,603
Deposits 130,000 -
----------- -----------
Net cash used in operating
activities (538,161)
-----------
Cash flows from investing activities
Purchase of property and equipment (19,737) -
Purchase of marketable securities - -
Net cash acquired on acquisition of
acquisition of EBonlineinc.com, Inc. - -
----------- -----------
Net cash used in investing activities (19,737) -
----------- -----------
Cash flows from financing activities
Proceeds from sale of common stock, net - -
Proceeds from notes payable - -
Advances from stockholders - -
Net cash provided by financing activities - -
----------- -----------
Net increase (decrease) in cash 973,599 -
Cash and cash equivalents,
beginning of period 974,611 1,014
----------- -----------
Cash and cash equivalents, end of period $ 416,713 $ 1,014
=========== ===========
See accompanying notes to financial statements.
4
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
NOTE A. ORGANIZATION, BUSINESS, AND CONSOLIDATION
The financial statements presented are those of MoneyZone.com, a Nevada
corporation and a development stage company (the "Company"). The Company was
incorporated on April 4, 1989 under the laws of the State of Nevada under the
name Chelsea Atwater, Inc., later changing its name to CEREX Entertainment
Corporation and subsequently to CERX Entertainment Corporation, CERX Venture
Corporation and, on July 8, 1999, in connection with the merger of
EBonlineinc.com, Inc., a Delaware corporation, with the Company, to
EBonlineinc.com. Upon consummation of the merger, EBonlineinc.com, Inc. ceased
to exist and the Company was the sole surviving entity. On December 16, 1999,
the Board of Directors approved the Company changing its name to MoneyZone.com.
The Company's activities to date have been directed toward raising
capital, developing, implementing and marketing an Internet site designed to
facilitate mergers, acquisitions, and the funding of corporate finance
activities.
NOTE B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates and
assumptions that affect the reporting amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the period.
Actual results could differ from those estimates.
DEFERRED INCOME TAXES
Deferred income taxes reflect temporary differences in reporting results
of operations for income tax and financial accounting purposes. Deferred tax
assets are reduced by a valuation allowance when, in the opinion of management,
it is more likely than not that some portion or all of the deferred tax assets
will not be realized.
STOCK-BASED COMPENSATION
In October, 1995, the FASB issued SFAS No. 123, "Accounting for
Stock-Based Compensation" SFAS No. 123 encourages, but does not require,
companies to record compensation expense for stock-based employee compensation
plans at fair value. The Company has elected to account for its stock-based
compensation plans using the intrinsic value method prescribed by Accounting
Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees" (APB
No. 25). Under the provisions of APB No. 25, compensation cost for stock options
is measured as the excess, if any, of the quoted market price of the Company's
common stock at the date of grant over the amount an employee must pay to
acquire the stock.
5
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS, CONTINUED
LOSS PER COMMON SHARE
Loss per common share is computed by dividing the net loss by the weighted
average shares outstanding during the period. Common stock equivalents are not
included in the weighted average calculation since their effect would be
anti-dilutive.
NOTE B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
FAIR VALUE OF FINANCIAL INSTRUMENTS
SFAS 107, "Disclosures about Fair Value of Financial Instruments,"
requires the Company to report the fair value of financial instruments, as
defined. Substantially all of the Company's assets and liabilities are carried
at fair value or contracted amounts which approximate fair value. Estimates of
fair value are made at a specific point in time, based on relative market
information and information about the financial instrument, specifically, the
value of the underlying financial instrument.
PROPERTY AND EQUIPMENT
Property and equipment are carried at cost and are depreciated on a
straight-line basis over the estimated useful life of the related assets of five
years.
CASH AND CASH EQUIVALENTS
For purposes of the consolidated financial statements, the Company
considers all demand deposits held in banks and certain highly liquid
investments with maturities of 90 days or less other than those held for sale in
the ordinary course of business to be cash equivalents.
STOCK SPLIT
In July, 1999, in connection with our merger with EBonlineinc.com (see
Note D), the shareholders approved and the Company effected a 3.5 for 10 reverse
split of the Company's common stock and a cancellation of 117,766 shares of
common stock, resulting in an effective reverse split ratio of 3.2646:10. Unless
otherwise noted, all references to shares and share prices, including
retroactive treatment, reflect the reverse split on the basis of the effective
ratio.
RECLASSIFICATIONS
Certain amounts in prior periods have been reclassified to conform to the
current presentation.
NOTE C. STOCKHOLDERS' EQUITY AND RELATED PARTY TRANSACTIONS
PREFERRED STOCK
On February 10, 1997, the Company's Board of Directors designated
4,000,000 shares of preferred stock as the Series A, 6.75% Non-Voting
Convertible Preferred Stock. No shares of the Series A, 6.75% Non- Voting
Convertible Preferred Stock have been issued. On March 31, 1998, the Company
cancelled the designation of the Series A, 6.75% Non-Voting Convertible
Preferred Stock.
6
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS, CONTINUED
The Company has a total of 15,000,000 preferred shares, $.001 par value,
authorized. Dividends, voting rights and other terms, rights and preferences of
these preferred shares have not been designated but may be designated by the
Board of Directors from time to time.
COMMON STOCK
In 1989, the Company sold 734,530 shares of common stock to fifteen
persons for the aggregate sum of $19,040. Of these shares 262,800 common shares
were sold to officers and directors of the Company for $3,900.
On September 21, 1994, the Company issued 241,580 shares of common stock
to John D. Brasher Jr., the Company's principal shareholder and president for
out of pocket expenses paid on behalf of the Company. These share were valued at
$.006 per share or $1,480.
On January 25, 1996, the Company issued 40,240 shares of common stock to
John D. Brasher Jr., for out of pocket expenses paid on behalf of the Company.
These shares were valued at $.061 per share or $2,465.
On December 28, 1996, a majority of the Company's shareholders approved a
restructuring of the Company's authorized capital including (1) a reduction in
the authorized common shares from 250,000,000 to 50,000,000, (2) an increase in
the authorized preferred shares from 5,000,000 to 15,000,000, (3) a change in
par value to $.001 for both the common and preferred stock. All shares and per
share amounts have been restated to reflect this restructuring of the Company.
On December 31, 1996, the Company issued 600,554 shares of common stock to
John D. Brasher Jr., for Company expenses advances and legal services provided
by Brasher & Company. These shares were valued at $.245 per share or $147,167.
On May 8, 1997, the Company sold 16,323 shares of common stock to a
corporation for cash of $2,500.
On October 1, 1999 the Company sold 733,335 common shares pursuant to a
private placement offering at $3.00 per share. Costs of the offering were
$654,893, leaving net proceeds to the Company of $1,545,112. In connection with
this offering, warrants to purchase 73,333 shares of the Company's common stock
at $3.00 per share were issued to the private placement agent. These warrants
will expire five years from the date of issuance.
On December 15, 1999 the Company issued warrants to purchase 176,667
shares of the Company's common stock at $3.00 per share under a one year
consulting agreement. The warrants will expire on December 31, 2002.
RELATED PARTY TRANSACTIONS
On December 30, 1997, Brasher & Company, of which John D. Brasher, Jr. is
the sold owner, forgave $53,343 of accrued legal expenses advanced on behalf of
the Company. The Company has recorded this debt forgiveness as a capital
contribution.
7
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS, CONTINUED
During 1998, John D. Brasher Jr., the Company's majority shareholder and
president, loaned the Company $61,850 and these funds subsequently were used to
partially repay advances of $60,000.
In July, 1999, the Company owed John D. Brasher Jr., sole owner and
president, an aggregate of $159,372 in demand promissory notes and $25,106 of
accrued interest (8% simple interest per annum) for cash loans and advances of
$21,420 for expenses of the Company. These amounts were forgiven by the
shareholders, and because of the related party nature, the Company recorded this
transaction as additional paid-in capital.
NOTE D. MERGER
On June 28, 1999, the Company, the Company's then majority stockholder and
EBonlineinc.com, Inc., a Delaware corporation, and entered into an Agreement and
Plan of Merger providing for the merger of EBonlineinc.com, Inc. with and into
the Company. On July 15, 1999, the Company filed the Articles of Merger and the
Certificate of Merger with the Secretaries of State of the states of Nevada and
Delaware, respectively, consummating the merger. Immediately prior to the
merger, the Company changed its name from Cerx Venture Corporation to
EBonlineinc.com, effected a reverse stock split of its issued and outstanding
shares of common stock on a on a three-and-one-half-for-ten (3.5:10) basis, and
cancelled 117,765 shares of Registrant Common Stock. The Company is continuing
as the sole surviving corporation and the separate existence of EBonlineinc.com,
Inc. ceased effective as of July 15, 1999. The merger was valued at $1,000, the
fair market value of the assets of the non-surviving company. Immediately prior
to the consummation of the merger there were 1,633,227 outstanding shares of the
Company's common stock and immediately thereafter there were 5,500,000
outstanding shares of the Company's common stock.
The merger is intended to qualify as a tax-free reorganization pursuant to
Section 368(a)(1)(A) of the Internal Revenue Code of 1986, as amended (the
"Code"), and the Plan of Merger is intended to qualify as a "plan of
reorganization" for purposes of Section 368 of the Code. Since the merger, the
Company has continued at least one significant historic business of
EBonlineinc.com, Inc. or to use at least a significant portion of the historic
business assets of EBonlineinc.com, Inc. in a business.
NOTE E. COMMITMENTS AND CONTINGENCIES
The Company entered into a lease agreement beginning in January, 2000 for
office space in Charlotte, North Carolina. Minimum future rentals under this
non-cancelable lease are as follows:
Year Amount
---- -------
2000 $ 54,400
2001 81,600
2002 68,000
-------
Total $204,000
--------
The Company has deposits in banks exceeding the FDIC insured amount of
$100,000. The
8
<PAGE>
MONEYZONE.COM
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS, CONTINUED
amount in excess of $100,000 is subject to loss should the bank cease business.
NOTE F. STOCK OPTIONS AND WARRANTS
EMPLOYEE STOCK COMPENSATION PLAN
The Company has an equity incentive stock option plan. The Plan was
adopted by the Board of Directors on December 16, 1999 and approved by the
shareholders on the same date. The Board believes that approval of the Plan is
in the best interest of the Company. The purpose of the Plan is to provide
incentives to attract, retain, and motivate eligible persons whose present and
potential contributions are important to the success to the Company, by offering
them an opportunity to participate in the Company's future performance through
awards of options and stock bonuses. Options totaling 287,500 shares have been
approved by the Board. Subsequent to December 31, 1999, options at $3 per share
have been granted to key officers, employees, and individuals that are for a one
or two year term.
NOTE G. INCOME TAXES
The Company has an unused net operating loss carryforward of approximately
$297,000, of which approximately $98,000 expires in 2014 and the remainder in
various periods through 2013. However, the ability to utilize such losses to
offset future taxable income is subject to various limitations imposed by the
rules and regulations of the Internal Revenue Service. A portion of the net
operating losses is limited each year to offset future taxable income, if any,
due to the change in ownership of MoneyZone.com's outstanding common stock. This
net operating loss carryforward may result in future income tax benefits of
approximately $101,000; however, because realization is uncertain at this time,
a valuation reserve in the same amount has been established. Deferred income
taxes reflect the net tax effects of temporary differences between the carrying
amounts of assets and liabilities for financial reporting purposes and the
amounts used for income tax purposes.
9
<PAGE>
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND PLAN OF OPERATION
PLAN OF OPERATION
At March 31, 2000, we had cash and marketable securities in the amount of
$689,315 and incurred operating expenses at a rate of $90,000 per month. We have
liquid assets sufficient to cover operating expenses for the next 7 months, and
we do expect to raise additional funding to cover operating and advertising
expenses.
In April 1999, we launched our initial corporate finance website at
WWW.EBONLINEINC.COM. That site's functionality was limited to a business for
sale and venture capital search and listing process. The website was primarily
designed to support the corporate finance activities of our largest stockholder,
Global Capital Partners, Inc., formerly Eastbrokers International Incorporated.
In December 1999, we purchased the domain name WWW.MONEYZONE.COM and
discontinued the WWW.EBONLINEINC.COM website. Our current flagship website,
WWW.MONEYZONE.COM was launched on January 18, 2000.
Our current operations are focused upon providing services and products
to middle-market businesses via our website. Resources include business for sale
listings, on-line commercial loans, equity funding sources, business news, stock
quotes, business articles, business products and business service providers. We
generate targeted traffic to our website through a combination of traditional
and online advertising and marketing campaigns including print media, banner
ads, email services, direct mail and other online media. Site traffic has
increased consistently since the January 18th launch of WWW.MONEYZONE.COM.
Unique visitors are currently averaging 300,000 per month, and we have more than
4,000 registered members.
Our plan of operation for the next year includes:
o Increasing our network of commercial lenders and equity funding
sources throughout the United States and Europe.
o Developing improved functionality for the lending and equity funding
sections so that funding seekers and funding sources may monitor
transactions continuously in real time.
o Licensing MoneyZone Capital Corp. as a broker-dealer so that we may
collect investment banking and advisory fees.
o Enrolling corporate finance affiliates throughout the United States
and Europe who will assist us in aggregating and facilitating
corporate finance transactions.
o Sponsoring MoneyZone Capital Partners Fund I to invest in
business-to-business Internet companies and early-stage information
technology and information services companies. We intend to primarily
co-invest with established venture capital and investment firms.
o Retaining additional corporate finance professionals to expand our
capabilities in facilitating commercial loan and investment banking
transactions.
We believe that there are significant advantages for our member businesses
in utilizing the Internet and WWW.MONEYZONE.COM to arrange commercial loans,
offer themselves for sale, raise equity capital, locate service providers,
access current business news and source related products. Our website is in
operation 24 hours per day, 7 days per week and 365 days per year. We have
members in more than 70 countries. Only one application form is required for
submission to multiple commercial lenders or equity funding sources. Response
times are typically shorter than in off-line transactions. Members may conduct
10
<PAGE>
searches worldwide without time or place constraints. Transaction fees may be
lower than those typically charged by traditional investment banks.
We intend to constantly improve the functionality of our website and to
add services to better support our customers. As we continue to promote
WWW.MONEYZONE.COM and increase our viewership, there will be a larger membership
base providing increased opportunities for customer interaction and completed
transactions. Our corporate finance professionals will also have a larger pool
of potential transactions to facilitate.
We currently have eleven (11) employees:
o Administration/Operations----(4)
o Website engineering and design----(3)
o Corporate finance----(4)
Within the next six months we expect to have approximately twenty (20)
employees as follows:
o Administration/Operations----(5)
o Website engineering and design----(6)
o Corporate finance----(9)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF
OPERATIONS
GENERAL OVERVIEW
Since July 15, 1999, upon consummation of our merger with EBonlineinc.com,
Inc., a Delaware corporation, after which we continued as the surviving
corporation, the Company's activities have been directed toward raising capital
and developing, implementing and marketing an Internet site designed to
facilitate mergers, acquisitions, and the funding of corporate finance
activities. In October, 1999, the Company completed its initial private
placement of funds. A total of 733,335 shares of stock were issued at a
placement cost of $3.00 per share. $2,200,005 of equity funds were raised. Cost
of the issuance of the private placement was $654,893. Net proceeds to the
Company were $1,545,112.
MoneyZone.com is a Web-based business consisting of a website, globally
accessible via the Internet, designed to facilitate mergers, acquisitions and
corporate finance activity. The site attracts businesses seeking merger
opportunities or joint venture partners, looking to sell or acquire businesses
or to obtain debt or equity capital or simply to gain exposure within the
international investment banking community. In addition, the site attracts
accredited investors looking for investment opportunities. We expect that the
combination of finance and the Internet will differentiate MoneyZone.com from
its competition.
LIQUIDITY AND CAPITAL RESOURCES
Through September 30, 1999, we funded our operations almost exclusively
through cash loans and cash advances provided by shareholders. In October 1999,
we completed our initial private placement offering. Net fund proceeds were used
to repay short term loans and advances provided by shareholders. For the period
ended March 31, 2000, we had incurred and paid website development, general and
11
<PAGE>
administrative and overhead expenses of $986,362. As of March 31, 2000, we had
an accumulated a deficit (net loss) of $985,652 since inception. We have cash
and marketable securities amounting to $689,315. There are no outstanding loans
or debts owed as of March 31, 2000 other than normal monthly operating expenses.
RESULTS OF OPERATIONS
During the three months ended March 31, 2000, we incurred a net loss from
operations of $408,161. Expenses for this first quarter are related primarily to
the development of the proprietary web site, to accounting fees, and to costs
relating to the Company's SEC filings. The Company paid rent, salaries, and
other general and administrative costs for the quarter totaling $363,060. During
the three months ended March 31, 1999, we had no revenues and incurred no
expenses. The company was a non-operating company until September 1999.
NEW ACCOUNTING STANDARDS
In February 1997, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 128. The new standard replaces primary and fully diluted earnings per
share with basic and diluted earnings per share. We adopted SFAS No. 128
beginning with the interim reporting period ended December 31, 1997. The
adoption did not impact previously reported earnings per share amounts.
In June 1997, the FASB issued SFAS No. 130, "Reporting Comprehensive
Income." This statement established standards for reporting and display of
comprehensive income and its components (revenues, expenses, gains and losses)
in a full set of general-purpose financial statements. There were no items of
comprehensive income as defined by SFAS 130 for any of the periods presented.
In June 1998, the FASB issued SFAS No. 133, "Accounting For Derivative
Instruments and Hedging Activities." This Statement establishes accounting and
reporting standards for derivative instruments, including certain derivative
instruments embedded in other contracts, and for hedging activities. SFAS No.
133 is effective for fiscal years beginning after June 15, 2000. At this time,
we do not believe that this statement will have a significant impact on us.
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
A. Exhibits
EXHIBIT NO. DESCRIPTION
---------- -----------
(27) Financial Data Schedule (Electronic Filing Only).
B. Reports on Form 8-K.
The Company filed no reports on Form 8-K during the quarter ended March 31,
2000.
12
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
MONEYZONE.COM
------------------------------------------
(Registrant)
Date: May 15, 2000 /s/ Craig Kendall
- ------------------------------- ------------------------------------------
Name: Craig Kendall *
Title: Chief Financial Officer
* Craig Kendall is authorized to sign on behalf of the registrant in addition to
signing as Chief Financial Officer.
13
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
(27) Financial Data Schedule for the three-month period ended March
31, 2000.
<TABLE> <S> <C>
<ARTICLE>5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING UNAUDITED FINANCIAL STATEMENTS OF MONEYZONE.COM FOR THE PERIOD
ENDED MARCH 31, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 416,713
<SECURITIES> 272,602
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 689,315
<PP&E> 125,607
<DEPRECIATION> 2,780
<TOTAL-ASSETS> 1,452,522
<CURRENT-LIABILITIES> 44,435
<BONDS> 0
0
0
<COMMON> 6,246
<OTHER-SE> 1,401,941
<TOTAL-LIABILITY-AND-EQUITY> 1,452,522
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 408,161
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (408,161)
<INCOME-TAX> 0
<INCOME-CONTINUING> (408,161)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (408,161)
<EPS-BASIC> (.065)
<EPS-DILUTED> (.065)
</TABLE>
