SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: (DATE OF EARLIEST EVENT REPORTED): DECEMBER 5, 2002
COMMISSION FILE NO.: 0-27323
HARBOUR FRONT HOLDINGS, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA 88-0429812
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(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
300 Park Avenue - Suite 1700
New York, NY 10022
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(212) 572-6276
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(ISSUER TELEPHONE NUMBER)
The Bauer Partnership, Inc.
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(FORMER NAME)
ITEM 5. OTHER EVENTS.
This form 8-K is being used to update and correct previous disclosures. On
January 10, 2003, the registrant submitted a press release stating that it
expected to be profitable for the year ended December 31, 2003. Within that
press release the registrant stated revenue and earnings projections associated
with various companies that the registrant had previously announced acquiring an
interest in or that the registrant was in discussions to acquire an interest in.
The expectations stated in this press release were primarily based on
expectations of start-up companies and are likely to be unfounded. In addition,
agreements that the registrant entered into have not worked out as the
registrant had expected.
On December 5, 2002, the registrant submitted a press release regarding its
acquisition of 33.3% of F3 Fitness, LLC, the owner of a nutritional supplement.
after entering into this agreement, F3 Fitness had a change in ownership of the
remaining 66.7% membership interest. The registrant has established a web site,
paid for the establishment of a call center, and paid for a marketing campaign.
Various things were supposed to happen which have not occurred to date. The
registrant continues to run the web site and oversee the call center. Although
F3 Fitness has begun generating revenues, it has become clear that the revenue
and earnings projections previously stated will not be met.
On December 11, 2002, the registrant submitted a press release relating to
the acquisition of 33.3% of Caviar Universe LLC, a company selling gourmet
products online. The registrant has established a web-site and a call center and
paid for a marketing campaign. As Caviar Universe LLC is a start-up company, it
has only recently begun to generate revenues. It has become evident that the
revenue and earnings projections previously stated will not be met.
On December 17, 2003, the registrant announced that it had acquired
$30,000,000 in non-performing debt. As of this date, EH&P Investments AG has
only acquired $6,000,000 in non-performing debt and the registrant has yielded
no revenues from such non-performing debt. Therefore, it has become clear that
the earning projections previously stated will not be met.
The registrant terminated discussions to acquire Wimbledon Unreal Grass.
Therefore, the registrant will not receive any economic benefit from Wimbledon
Unreal Grass.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS:
None.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto authorized.
HARBOUR FRONT HOLDINGS, INC.
March 10, 2003
/s/ Ronald J. Bauer
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Ronald J. Bauer
Chief Executive Officer