[X]
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QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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For
the quarterly period ended March 31, 2004
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[ ]
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TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
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Nevada
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1-11883
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95-3811580
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(State
or other jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
Incorporation)
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Identification
Number)
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50
Old Route 25A
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Fort
Salonga, NY 11768
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(Address
of principal executive offices)
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(646)
383-4832
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(Issuer’s
Telephone Number)
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AMT
Group, Inc., fka EMB Corp.
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Page
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||||||
Balance
Sheet at March 31, 2004 and September 30, 2003
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F-2 | |||||
Statement
of Operations for the three months ended March 31, 2004, the three
months
ended March 31, 2003, for the six months ended March 31, 2004, and
for the
six months ended March 31, 2003
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F-3 | |||||
Statement
of Changes in Shareholders' Deficit for the period from September
30, 2001
through September 30, 2003 and for the six months ended March 31,
2004
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F-4 | |||||
Statement
of Cash Flows for the six months ended March 31, 2004, and for the
six
months ended March 31, 2003 and for the year ended September 30,
2003
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F-5 | |||||
Notes
to Financial Statements
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F-6 | |||||
F-1 |
AMT
Group, Inc., fka EMB
Corp.
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||||||||||
BALANCE
SHEET
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March
31,
2004
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||||||||||
March
31,
2004
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September
30,
2003
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|||||||||
ASSETS
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||||||||||
Current
assets:
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||||||||||
Cash
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$ | 0 | $ | 0 | ||||||
Total
current
assets
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0 | 0 | ||||||||
TOTAL
ASSETS
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$ | 0 | $ | 0 | ||||||
LIABILITIES
AND STOCKHOLDERS'
DEFICIT
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||||||||||
Current
liabilities:
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||||||||||
Accounts
payable
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$ | 0 | $ | 0 | ||||||
Total
current
liabilities
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0 | 0 | ||||||||
Long-term
Liabilities:
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||||||||||
TOTAL
LIABILITIES
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0 | 0 | ||||||||
STOCKHOLDERS'
DEFICIT (Note
4)
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||||||||||
Preferred
Convertible Series D
stock, 1,000,000 shares authorized, no par value,
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140,000 | 140,000 | ||||||||
140,000
shares issued and
outstanding
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— | — | ||||||||
Preferred
Convertible Series E
stock, 3,000,000 shares authorized, no par value,
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235,000 | 235,000 | ||||||||
2,500,000
shares issued and
outstanding
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||||||||||
Common
stock, 30,000,000 shares
authorized, no par value,
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2,753,079 | 2,753,079 | ||||||||
23,372,569
shares issued and
outstanding
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||||||||||
Treasury
Stock, Preferred
Convertible shares
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(235,000 | ) | (235,000 | ) | ||||||
Retained
deficit
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(2,893,079 | ) | (2,893,079 | ) | ||||||
TOTAL
STOCKHOLDERS'
DEFICIT
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0 | 0 | ||||||||
TOTAL
LIABILITIES AND
STOCKHOLDERS' DEFICIT
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$ | 0 | $ | 0 | ||||||
See
notes to the financial
statements
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||||||||||
F-2 |
AMT
Group, Inc., fka EMB
Corp.
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|||||||||||||||||
STATEMENTS
OF
OPERATIONS
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|||||||||||||||||
For
The
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For
The
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For
The
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For
The
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||||||||||||||
Three
Months
Ended
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Three
Months
Ended
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Six
Months
Ended
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Six Months
Ended
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||||||||||||||
March
31,
2004
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March
31,
2003
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March
31,
2004
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March
31,
2003
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||||||||||||||
Revenues:
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|||||||||||||||||
Sales
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$ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Total
revenues
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0 | 0 | 0 | 0 | |||||||||||||
Expenses:
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|||||||||||||||||
Salaries
and
Wages
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0 | 0 | 0 | 0 | |||||||||||||
General
and administrative (Note
1)
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0 | 0 | 0 | 0 | |||||||||||||
Interest
and
fees
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0 | 0 | 0 | 0 | |||||||||||||
Commissions
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0 | 0 | 0 | 0 | |||||||||||||
Write
Down of
Assets
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0 | 0 | 0 | 0 | |||||||||||||
Total
operating
expenses
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0 | 0 | 0 | 0 | |||||||||||||
Income
(Loss) from
operations
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0 | 0 | 0 | 0 | |||||||||||||
Provision
for Income Taxes (Note
5)
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- | - | - | - | |||||||||||||
NET
INCOME
(LOSS)
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$ | 0 | $ | 0 | $ | 0 | $ | 0 | |||||||||
Basic
income (loss) per
common share
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$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
Diluted
income (loss) per common
share
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$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||
Weighted
average common shares
outstanding - Basic
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0 | 0 | 0 | 0 | |||||||||||||
Weighted
average common shares
outstanding - Diluted
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0 | 0 | 0 | 0 | |||||||||||||
See
notes to the financial
statements
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|||||||||||||||||
F-3 |
AMT
Group, Inc., fka EMB Corp.
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STATEMENT
OF CHANGES IN STOCKHOLDERS' DEFICIT
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Total
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||||||||||||||||||||||||||||||||
Preferred
Stock
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Common
Stock
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Treasury
Stock
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Retained
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Stockholders'
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||||||||||||||||||||||||||||
Shares
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Amount
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Shares
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Amount
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Shares
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Amount
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Deficit
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Deficit
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|||||||||||||||||||||||||
Balance at September 30, 2001 * | 2,500,000 | $ | 235,000 | $ | 16,706,944 | $ | 1,841,901 | (2,500,000 | ) | $ | (235,000 | ) | (7,134,276 | ) | $ | (5,292,375 | ) | |||||||||||||||
Issued Stock * | 140,000 | 140,000 | 6,665,625 | 911,178 | 0 | 0 | — | 1,051,178 | ||||||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2001
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through
September 30,2002
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— | — | — | — | — | — | 5,124,214 | 5,124,214 | ||||||||||||||||||||||||
(883,017 | ) | (883,017 | ) | |||||||||||||||||||||||||||||
Balance at September 30, 2002 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2002
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through
September 30, 2003
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at September 30, 2003 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
Net
Income (loss) for the period from October 1, 2003
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through
March 31, 2004
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— | — | — | — | — | — | ||||||||||||||||||||||||||
Balance at March 31, 2004 * | 2,640,000 | 375,000 | 23,372,569 | 2,753,079 | (2,500,000 | ) | (235,000 | ) | (2,893,079 | ) | 0 | |||||||||||||||||||||
See
notes to the financial statements
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F-4 |
AMT
Group, Inc., fka EMB Corp.
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STATEMENTS
OF CASH
FLOWS
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For
The
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For
The
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For
The
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|||||||||||
Six
Months
Ended
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Six
Months
Ended
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Year
Ended
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March
31,
2004
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March
31,
2003
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September
30,
2003
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CASH
FLOWS FROM OPERATING ACTIVITIES
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Net
loss
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$ | 0 | $ | 0 | $ | 0 | |||||||
Adjustments
to reconcile net income to
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net
cash provided by operating activities:
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Depreciation
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0 | 0 | 0 | ||||||||||
Changes
in operating assets and liabilities:
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Accounts
Receivable
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0 | 0 | 0 | ||||||||||
Loans
held for sale
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0 | 0 | 0 | ||||||||||
Restricted
Assets
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0 | 0 | 0 | ||||||||||
Other
Assets
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0 | 0 | 0 | ||||||||||
Accounts
payable and accrued expenses
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0 | 0 | 0 | ||||||||||
Issuance
of Common Stock for services
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0 | 0 | 0 | ||||||||||
Line
of Credit
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0 | 0 | 0 | ||||||||||
NET
CASH PROVIDED BY OPERATING ACTIVITIES
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0 | 0 | 0 | ||||||||||
CASH
FLOWS FROM INVESTING ACTIVITIES
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Increase
of Notes Receivable
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0 | 0 | 0 | ||||||||||
CASH
FLOWS FROM FINANCING ACTIVITIES
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Principal
paid on notes payable
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Accumulated
deficit
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0 | 0 | 0 | ||||||||||
Common
Stock
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0 | 0 | 0 | ||||||||||
Preferred
Convertible Series D
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0 | 0 | 0 | ||||||||||
Preferred
Convertible Series E
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0 | 0 | 0 | ||||||||||
Treasury
Stock
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0 | 0 | 0 | ||||||||||
Issuance
of shares for cash
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0 | 0 | 0 | ||||||||||
NET
CASH USED IN FINANCING ACTIVITIES
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0 | 0 | 0 | ||||||||||
NET
CHANGE IN CASH
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0 | 0 | 0 | ||||||||||
CASH
BALANCES
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Beginning
of period
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0 | 0 | 0 | ||||||||||
End
of period
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$ | 0 | $ | 0 | $ | 0 | |||||||
See
notes to the financial
statements
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|||||||||||||
F-5 |
NOTE
2.
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GOING
CONCERN
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NOTE
3.
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STOCKHOLDERS’
DEFICIT
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For
The
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For
The
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|||||||
Six Months Ended
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Year
Ended
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March
31,
2004
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September
30,
2003
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U.S.
statutory federal rate, graduated………………………………..
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34.24 | % | 34.24 | % | ||||
State
income tax rate, net of federal…………………………………….
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4.21 | % | 4.21 | % | ||||
Net
operating loss (NOL) for which
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no
tax benefit is currently
available……………............................
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-38.45 | % | -38.45 | % | ||||
0.00 | % | 0.00 | % |
Exhibit
#
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Description
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3.1 |
Restated
Articles of Incorporation (incorporated by reference to Exhibit 3(i)
to
our Registration Statement on Form 10-SB filed on June 28,
1996).
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3.2 |
Bylaws
(incorporated by reference to Exhibit 3(i) to our Registration Statement
on Form 10-SB filed on June 28, 1996).
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31.1 |
Certification
of
Ms.
Pak King Diu, pursuant to Rule
13a-14(a)
(Attached hereto).
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31.2 |
Certification
of
Ms.
Pak King Diu, pursuant to Rule
13a-14(a)
(Attached hereto).
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32.1 |
Certification
of Ms. Pak
King Diu, pursuant to 18
U.S.C Section 1350, as adopted pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 (Attached
hereto).
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Signatures
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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.
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/s/
Ms. Pak King Diu
Ms.
Pak King Diu
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President,
Chief Financial Officer and Secretary
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January
24, 2008
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