x
|
ANNUAL
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
o
|
TRANSITION
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
|
DELAWARE
|
98-0403551
|
(State
or other jurisdiction of
incorporation
or organization)
|
(IRS
Employer Identification No.)
|
205
Worth Avenue, Suite 316, Palm Beach, Florida
|
33480
|
(Address
of principal executive offices)
|
(Zip
Code)
|
Securities
registered under Section 12(b) of the Exchange Act:
|
|
|
|
Title
of each class registered:
|
Name
of each exchange on which registered:
|
None
|
None
|
|
|
Securities
registered under Section 12(g) of the Exchange Act:
|
|
Common
Stock, par value $.001
(Title
of class)
|
Yes
x
|
No
o
|
Yes
x
|
No
o
|
Transitional
Small Business Disclosure Format:
|
Yes
o
|
No
x
|
Item
1.
|
Description
of Business
|
Shareholder
|
Common
Shares
|
Preferred
Shares
|
ABRAMS,
BARRY & M TBTE
|
50,000
|
-
|
BASSET,
ROBERT C.
|
1,000
|
-
|
BOMMARITO,
GRACE
|
1,000
|
-
|
BOOKOUT,
MELISSA
|
1,000
|
-
|
BOSTICK,
BOBBY T.
|
1,000
|
-
|
BROWN,
BARBRA J.
|
1,000
|
-
|
BROWN,
DONALD D.
|
1,000
|
-
|
COLARUSSO,
PETER & JUDY
|
20,000
|
-
|
COLLADO,
ROSA MARIA
|
1,000
|
-
|
CURTIS,
JOHN J.
|
1,000
|
-
|
DAMPIER,
JOSEPHINE M.L.
|
1,000
|
-
|
DELICH,
DOROTHY E.
|
1,000
|
-
|
DEMBLIN,
AUGUST
|
76,000
|
-
|
DERHAK,
JOHN E.
|
1,000
|
-
|
DERHAK,
WENDY
|
1,000
|
-
|
DOHRN,
WALTER
|
10,000
|
-
|
DONALDSON,
THOMAS
|
601,000
|
1,000,000
|
ENRIGHT,
COEN W.
|
51,000
|
-
|
FOX,
STEVEN A.
|
26,000
|
-
|
FRALEY,
ELWIN E.
|
1,000
|
-
|
FREEMAN,
ROBERT LEE
|
51,000
|
-
|
GANDIAGA,
ANDIKONA
|
1,000
|
-
|
GANDIAGA,
PATXI
|
1,000
|
-
|
GARZA,
IRENE G.
|
1,000
|
-
|
GARZA,
JAIME
|
101,000
|
-
|
GARZA,
JOSE L.
|
1,000
|
-
|
GARZA,
VICTOR HUGO
|
1,000
|
-
|
GELFAND,
HOWARD
|
1,000
|
-
|
GILLETTE,
F. WARRINGTON
|
1,000
|
-
|
GONZALES,
VICTOR HUGO
|
50,000
|
-
|
GRAD,
GARY MICHAEL
|
151,000
|
-
|
GRAD,
RICHARD
|
401,000
|
-
|
GRAD,
STEVEN
|
51,000
|
-
|
GUERRICAECHEBARRIA,
CHRISTINE
|
1,000
|
-
|
HACKING,
H. LYNN
|
51,000
|
-
|
HARAKAS,
ANNETTE
|
1,000
|
-
|
HILLABRAND,
HOPE E.
|
501,000
|
1,500,000
|
KAUFMAN,
MAX
|
1,000
|
-
|
LAGROTTERIA,
JAMES
|
1,000
|
-
|
LAUDATI,
DINO (1)
|
1,000
|
-
|
LETIZIANO,
ERNESTO W.
|
900,000
|
2,500,000
|
LONG,
JANET G.
|
1,000
|
-
|
MCNEILL,
TOM
|
1,000
|
-
|
MELNICK,
A MICHAEL & ILENE B. JTWROS
|
1,000
|
-
|
O’NEILL,
TOMMY
|
51,000
|
-
|
PREWITT,
PAUL A.
|
1,000
|
-
|
RIDER,
TIM
|
1,000
|
-
|
ROWAN,
WILLIAM R.
|
1,000
|
-
|
SEGAR-RHODES,
JUDY A.
|
1,000
|
-
|
SHUGAR,
GERALD
|
1,000
|
-
|
SNYDER,
JOANN
|
1,000
|
-
|
SNYDER,
THOMAS S.
|
51,000
|
-
|
SOWERS,
DAVID W.
|
1,000
|
-
|
SOWERS,
GERALD W.
|
1,000
|
-
|
SOWERS,
JOYCE A.
|
1,000
|
-
|
SOWERS-GANDIAGA,
PEGGY
|
151,000
|
-
|
STERN,
BARBRA
|
1,000
|
-
|
TORRENCE,
SUSAN L.
|
1,000
|
-
|
VELASCO,
FERNANDO
|
1,000
|
-
|
WITTELSBACH,
BURKNARD
|
10,000
|
-
|
WOLFSKEIL,
ALYSIA
|
26,000
|
-
|
WOLFSKEIL,
RICHARD
|
1,000
|
-
|
|
|
(a)
|
(b)
|
(c)
|
|
|
_________________
|
_________________
|
_________________
|
|
|
Number
of securities to be issued upon exercise of outstanding options,
warrants
and rights
|
Weighted-average
exercise price of outstanding options, warrants and rights
|
Number
of securities remaining available for future issuance under equity
compensation plans (excluding securities reflected in column
(a))
|
|
|
|
|
|
|
Equity
compensation
|
None
|
|
|
|
Plans
approved by
|
|
|
|
|
Security
holders
|
|
|
|
|
|
|
|
|
|
Equity
compensation
|
None
|
|
|
|
Plans
not approved
|
|
|
|
|
By
security holders
|
|
|
|
|
Total
|
|
|
|
Page
|
|
|
|
Report
of Independent Registered Certified Public Accounting Firm
|
F-2
|
|
|
Annual
Consolidated Financial Statements
|
|
|
|
Consolidated
Balance Sheets
|
|
as
of
December 31, 2005 and 2004
|
F-3
|
|
|
Consolidated
Statements of Operations and Comprehensive Loss
|
|
for
the
years ended December 31, 2005 and 2004 and
|
|
for
the
period from October 17, 2003 (date of inception) through December
31, 2005
|
F-4
|
|
|
Consolidated
Statement of Changes in Shareholders’ Equity
|
|
for
the
period from October 17, 2003 (date of inception) through December
31, 2005
|
F-5
|
|
|
Consolidated
Statements of Cash Flows
|
|
for
the
years ended December 31, 2005 and 2004 and
|
|
for
the
period from October 17, 2003 (date of inception) through December
31, 2005
|
F-6
|
|
|
Notes
to Consolidated Financial Statements
|
F-7
|
|
|
|
|
December
31,
|
December
31,
|
||||||
2005
|
2004
|
||||||
ASSETS
|
|||||||
Current
Assets
|
|||||||
Cash in bank
|
$
|
401,370
|
$
|
-
|
|||
Total
Assets
|
$
|
401,370
|
$
|
-
|
|||
LIABILITIES
AND SHAREHOLDERS’ EQUITY (DEFICIT)
|
|||||||
Liabilities
|
|||||||
Current Liabilities
|
|||||||
Note
payable
|
$
|
90,000
|
$
|
-
|
|||
Other
accrued liabilities
|
33,939
|
24,500
|
|||||
Accrued
officer compensation
|
148,420
|
81,670
|
|||||
Total
Current Liabilities
|
272,359
|
106,170
|
|||||
Commitments
and Contingencies
|
|||||||
Shareholders’
Equity (Deficit)
|
|||||||
Preferred stock - $0.001 par value
|
|||||||
50,000,000 shares authorized
|
|||||||
5,000,000 and 4,000,000 shares
|
|||||||
issued and outstanding, respectively
|
5,000
|
4,000
|
|||||
Common stock - $0.001 par value.
|
|||||||
100,000,000 shares authorized.
|
|||||||
3,887,000 and 3,464,000 shares
|
|||||||
issued and outstanding, respectively
|
3,887
|
3,464
|
|||||
Additional paid-in capital
|
522,807
|
92,282
|
|||||
Deficit accumulated during the development stage
|
(402,683
|
)
|
(170,916
|
)
|
|||
129,011
|
(71,170
|
)
|
|||||
Stock subscription receivable
|
-
|
(35,000
|
)
|
||||
Total Shareholders’ Equity (Deficit)
|
129,011
|
(106,170
|
)
|
||||
Total Liabilities and Shareholders’ Equity
|
$
|
401,370
|
$
|
-
|
Year
ended
December
31,
|
Year
ended
December
31,
|
Period
from
October
17, 2003
(date
of inception)
through
December
31,
|
||||||||
2005
|
2004
|
2005
|
||||||||
Revenues
|
$
|
-
|
$
|
-
|
$
|
-
|
||||
Expenses
|
||||||||||
Organizational and formation expenses
|
48,991
|
-
|
89,801
|
|||||||
Officer compensation
|
70,000
|
70,000
|
151,670
|
|||||||
Other salaries
|
10,750
|
21,000
|
35,250
|
|||||||
Other general and
|
||||||||||
administrative expenses
|
97,462
|
20,492
|
121,398
|
|||||||
Total expenses
|
227,203
|
111,492
|
398,119
|
|||||||
Loss
from operations
|
(227,203
|
)
|
(111,492
|
)
|
(398,119
|
)
|
||||
Other
income (expense)
|
||||||||||
Interest expense
|
(4,564
|
)
|
-
|
(4,564
|
)
|
|||||
Loss
before provision for income taxes
|
(231,767
|
)
|
(111,492
|
)
|
(402,683
|
)
|
||||
Provision
for income taxes
|
-
|
-
|
-
|
|||||||
Net
Loss
|
(231,767
|
)
|
(111,492
|
)
|
(402,683
|
)
|
||||
Other
Comprehensive Income
|
-
|
-
|
-
|
|||||||
Comprehensive
Loss
|
$
|
(231,767
|
)
|
$
|
(111,492
|
)
|
$
|
(402,683
|
)
|
|
Loss
per share of common stock
|
||||||||||
outstanding
computed on net loss -
|
||||||||||
basic
and fully diluted
|
$
|
(0.07
|
)
|
$
|
(0.03
|
)
|
$
|
(0.12
|
)
|
|
Weighted-average
number of shares
|
||||||||||
outstanding
- basic
and fully diluted
|
3,546,907
|
3,408,836
|
3,455,482
|
Preferred
Stock
|
Common
Stock
|
Additional
paid-in
|
Deficit
Accumulated
during
the
development
|
Stock
subscription
|
Total
|
||||||||||||||||||||
Shares
|
Amount
|
Shares
|
Amount
|
capital
|
stage
|
receivable
|
|||||||||||||||||||
Stock
issued at formation of
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Signet
International
|
|
|
|
|
|
|
|
|
|||||||||||||||||
Holdings,
Inc.
|
-
|
$
|
-
|
100,000
|
$
|
100
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
100
|
|||||||||||
Effect
of reverse merger
|
|||||||||||||||||||||||||
transaction
with
Signet
|
|||||||||||||||||||||||||
Entertainment
Corporation
|
4,000,000
|
4,000
|
3,294,000
|
3,294
|
33,416
|
-
|
-
|
40,710
|
|||||||||||||||||
Capital
contributed to
|
|||||||||||||||||||||||||
support operations
|
-
|
-
|
-
|
-
|
3,444
|
-
|
-
|
3,444
|
|||||||||||||||||
Net
loss for the period
|
-
|
-
|
-
|
-
|
-
|
(59,424
|
)
|
-
|
(59,424
|
)
|
|||||||||||||||
|
|||||||||||||||||||||||||
Balances
at
|
|||||||||||||||||||||||||
December 31, 2003
|
4,000,000
|
4,000
|
3,394,000
|
3,394
|
36,860
|
(59,424
|
)
|
-
|
(15,170
|
)
|
|||||||||||||||
Common stock sold pursuant
|
|||||||||||||||||||||||||
to a private placement
|
-
|
-
|
70,000
|
70
|
34,930
|
-
|
(35,000
|
)
|
-
|
||||||||||||||||
Capital contributed to
|
|||||||||||||||||||||||||
support operations
|
-
|
-
|
-
|
-
|
20,492
|
-
|
-
|
20,492
|
|||||||||||||||||
Net loss for the year
|
-
|
-
|
-
|
-
|
-
|
(111,492
|
)
|
-
|
(111,492
|
)
|
|||||||||||||||
|
|||||||||||||||||||||||||
Balances
at
|
|||||||||||||||||||||||||
December 31, 2004
|
4,000,000
|
4,000
|
3,464,000
|
3,464
|
92,282
|
(170,916
|
)
|
(35,000
|
)
|
(106,170
|
)
|
||||||||||||||
Issuance of preferred stock
|
|||||||||||||||||||||||||
for services
|
1,000,000
|
1,000
|
-
|
-
|
8,519
|
-
|
-
|
9,519
|
|||||||||||||||||
Common stock sold pursuant
|
|||||||||||||||||||||||||
to an August 2005 private
|
|||||||||||||||||||||||||
placement
|
-
|
-
|
57,000
|
57
|
513
|
-
|
-
|
570
|
|||||||||||||||||
Adjustment for stock sold at
|
|||||||||||||||||||||||||
less than “fair value”
|
-
|
-
|
-
|
-
|
56,430
|
-
|
-
|
56,430
|
|||||||||||||||||
Common stock sold pursuant
|
|||||||||||||||||||||||||
to a September 2005 private
|
|||||||||||||||||||||||||
placement
|
-
|
-
|
366,000
|
366
|
365,634
|
-
|
-
|
366,000
|
|||||||||||||||||
Cost of obtaining capital
|
-
|
-
|
-
|
-
|
(10,446
|
)
|
-
|
-
|
(10,446
|
)
|
|||||||||||||||
Collections on stock
|
|||||||||||||||||||||||||
subscription receivable
|
-
|
-
|
-
|
-
|
-
|
-
|
35,000
|
35,000
|
|||||||||||||||||
Capital contributed to
|
|||||||||||||||||||||||||
support operations
|
-
|
-
|
-
|
-
|
9,875
|
-
|
-
|
9,875
|
|||||||||||||||||
Net loss for the period
|
-
|
-
|
-
|
-
|
-
|
(231,767
|
)
|
-
|
(231,767
|
)
|
|||||||||||||||
Balance
at
|
|||||||||||||||||||||||||
December
31, 2005
|
5,000,000
|
$
|
5,000
|
3,887,000
|
$
|
3,887
|
$
|
522,807
|
$
|
(402,683
|
)
|
$
|
$129,011
|
Year
ended
December
31,
|
|
Year
ended
December
31,
|
|
Period
from
October
17, 2003
(date
of inception)
through
December
31,
|
|
|||||
|
|
2005
|
|
2004
|
|
2005
|
||||
|
|
|
|
|||||||
Cash
Flows from Operating Activities
|
|
|
|
|||||||
Net loss for the period
|
$
|
(231,767
|
)
|
$
|
(111,492
|
)
|
(402,683
|
)
|
||
Adjustments to reconcile net loss
|
||||||||||
to net cash provided by operating activities
|
||||||||||
Depreciation and amortization
|
-
|
-
|
-
|
|||||||
Organizational expenses paid
|
||||||||||
with issuance of common stock
|
9,519
|
-
|
50,329
|
|||||||
Consulting expense related to sale of common stock
|
||||||||||
at less than “fair value”
|
56,430
|
-
|
56,430
|
|||||||
Increase (Decrease) in
|
||||||||||
Accrued liabilities
|
9,439
|
21,000
|
33,939
|
|||||||
Accrued officers compensation
|
66,750
|
70,000
|
148,420
|
|||||||
|
||||||||||
Net
cash used in operating activities
|
(89,629
|
)
|
(20,492
|
)
|
(113,565
|
)
|
||||
|
||||||||||
|
||||||||||
Cash
Flows from Investing Activities
|
-
|
-
|
-
|
|||||||
|
||||||||||
|
||||||||||
Cash
Flows from Financing Activities
|
||||||||||
Proceeds from note payable
|
90,000
|
-
|
90,000
|
|||||||
Proceeds from sale of common stock
|
401,570
|
-
|
401,570
|
|||||||
Cash paid to acquire capital
|
(10,447
|
)
|
-
|
(10,447
|
)
|
|||||
Capital contributed to support operations
|
9,876
|
20,492
|
33,812
|
|||||||
|
||||||||||
Net
cash (used in) financing activities
|
490,999
|
20,492
|
514,935
|
|||||||
|
||||||||||
|
||||||||||
Increase
(Decrease) in Cash
|
401,370
|
-
|
401,370
|
|||||||
|
||||||||||
Cash
at beginning of period
|
-
|
-
|
-
|
|||||||
|
||||||||||
Cash
at end of period
|
$
|
401,370
|
$
|
-
|
$
|
401,370
|
||||
|
||||||||||
|
||||||||||
Supplemental
Disclosure of
|
||||||||||
Interest
and Income Taxes Paid
|
||||||||||
Interest paid for the year
|
$
|
-
|
$
|
-
|
$
|
-
|
||||
Income taxes paid for the year
|
$
|
-
|
$
|
-
|
$
|
-
|
||||
|
2.
|
Organization
costs
|
3.
|
Research
and development expenses
|
4.
|
Advertising
expenses
|
5.
|
Income
Taxes
|
5.
|
Income
Taxes
-
continued
|
6.
|
Earnings
(loss) per share
|
December
31.
|
|
December
31.
|
|
||||
|
|
2005
|
|
2004
|
|||
$90,000
note payable to an individual. Interest at 10.0%.
|
|||||||
Principal
and
accrued interest due at maturity on
|
|||||||
July
1,
2006. Collateralized by controlling interest
|
|||||||
in
the
common stock of Signet International Holdings,
|
|||||||
Inc.
(formerly 51142, Inc.). Note fully funded in July 2005
|
$
|
90,000
|
$
|
-
|
Year
ended
|
|
Year
ended
|
|
Period
from
October
17, 2003
(date
of inception)
through
|
|
|||||
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
|||
|
|
2005
|
|
2004
|
|
2005
|
||||
Federal:
|
||||||||||
Current
|
$
|
-
|
$
|
-
|
$
|
-
|
||||
Deferred
|
-
|
-
|
-
|
|||||||
State:
|
||||||||||
Current
|
-
|
-
|
-
|
|||||||
Deferred
|
-
|
-
|
-
|
|||||||
|
-
|
-
|
||||||||
Total
|
$
|
-
|
$
|
-
|
$
|
-
|
Year
ended
|
Year
ended
|
Period
from
October
17, 2003
(date
of inception)
through
|
||||||||
|
December
31,
|
December
31,
|
December
31,
|
|||||||
|
2005
|
2004
|
2005
|
|||||||
Statutory
rate applied to income before income taxes
|
$
|
(78,800
|
)
|
$
|
(37,900
|
)
|
$
|
(137,000
|
)
|
|
Increase
(decrease) in income taxes resulting from:
|
||||||||||
State income taxes
|
-
|
-
|
-
|
|||||||
Non-deductible officers compensation
|
23,800
|
23,800
|
50,500
|
|||||||
Other, including reserve for deferred tax
|
||||||||||
asset and application of net operating loss carryforward
|
55,000
|
14,100
|
86,500
|
|||||||
Income
tax expense
|
$
|
-
|
$
|
-
|
$
|
-
|
December
31,
|
|
December
31,
|
|
||||
|
|
2005
|
|
2004
|
|||
Deferred
tax assets
|
|||||||
Net operating loss carryforwards
|
$
|
67,000
|
$
|
21,000
|
|||
Officer compensation deductible when paid
|
50,500
|
35,700
|
|||||
Less valuation allowance
|
(117,500
|
)
|
(56,700
|
)
|
|||
Net Deferred Tax Asset
|
$
|
-
|
$
|
-
|
(1)
|
Previous
Independent Auditors:
|
|
(i)
|
On
November 14, our board of directors approved the dismissal of Gately
&
Associates, LLC (“Gately & Associates”) as independent auditor for the
Company.
|
|
(ii)
|
Our
management has not had any disagreements with Gately & Associates
related to any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure. For the audited
period ended February 10, 2005 and through Gately & Associates’
termination on November 14, 2005, there has been no disagreement
between
the Company and Gately & Associates on any matter of accounting
principles or practices, financial statement disclosure, or auditing
scope
or procedure, which disagreement, if not resolved to the satisfaction
of
Gately & Associates would have caused it to make a reference to the
subject matter of the disagreement in connection with its
reports.
|
|
(iii)
|
The
Company’s Board of Directors participated in and approved the decision to
change independent accountants. Gately & Associates’ audits of the
Company’s financial statements on Form 10SB for the period ended February
10, 2005 contained no adverse opinion or disclaimer of opinion and
was not
qualified or modified as to audit scope or accounting
principles.
|
|
(iv)
|
In
connection with its review of financial statements through July 31,
2005,
there have been no disagreements with Gately & Associates on any
matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which disagreements if
not
resolved to the satisfaction of Gately & Associates would have caused
them to make reference thereto in their report on the financial
statements.
|
|
(v)
|
During
the most recent review period and the interim period subsequent to
November 14, 2005, there have been no reportable events with the
Company
as set forth in Item 304(a)(i)(v) of Regulation S-K.
|
|
(vi)
|
The
Company requested that Gately & Associates furnish it with a letter
addressed to the SEC stating whether or not it agrees with the above
statements. A copy of such letter was filed as an Exhibit to the
Form 8-K
filed on November 15, 2005.
|
(2)
|
New
Independent Accountants:
|
|
(i)
|
The
Company engaged SW Hatfield, CPA of Dallas, Texas, as its new independent
auditors as of November 14, 2005. Prior to such date, we did not
consult
with S.W. Hatfield, CPA regarding (i) the application of accounting
principles, (ii) the type of audit opinion that might be rendered
by S.W.
Hatfield, CPA or (iii) any other matter that was the subject of a
disagreement between the Company and its former auditor as described
in
Item 304(a)(1)(iv) of Regulation
S-B.
|
Name
|
Age
|
Position
|
Date
Appointed
|
Ernesto
W. Letiziano
|
60
|
President,
Chief Executive Officer,
Chief
Financial Officer and Director
|
July
8, 2005
|
|
ANNUAL
COMPENSATION
|
LONG-TERM
COMPENSATION
|
|
Name
|
Year
|
Salary
|
Restricted
Stock
Awards ($)
|
Ernie
Letiziano
President,
Chief
Executive Officer,
Chief
Financial Officer,
Chairman
|
2005
2004
|
70,000
(1)
70,000
(1)
|
$10,000
(2)
$0
|
Name
of Beneficial Owner
|
Amount
and Nature
of
Beneficial Ownership
|
Percentage
of Class *
|
|
|
|
Letiziano,
Ernesto W.
|
900,000
|
26.31%
|
|
|
|
Donaldson,
Thomas
|
600,000
|
17.54%
|
|
|
|
Hillabrand,
Hope E.
|
500,000
|
14.62%
|
|
|
|
Grad,
Richard
|
400,000
|
11.69%
|
|
|
|
Officers
and Directors as a Group
|
900,000
|
26.31%
|
|
(a)
|
Reports
on Form 8-K and Form 8K-A
|
|
(b)
|
Exhibits
|
Method
of Filing
|
Exhibit
Number
|
Exhibit
Title
|
|
|
|
Incorporated
by reference to Exhibit 2.1 to Amendment to Form 8k filed on July
12, 2005
(File No. 000-51185)
|
2.1
|
Stock
Purchase Agreement dated July 8, 2005 between Scott Raleigh and Signet
Entertainment Corporation.
|
|
|
|
Incorporated
by reference to Exhibit 2.1 to Amendment to Form 8k filed on May
16, 2005
(File No. 000-51185)
|
2.2
|
Amended
Stock Purchase Agreement and Share Exchange dated September 8, 2005
between Signet International Holdings, Inc. and Signet Entertainment
Corporation.
|
|
|
|
Incorporated
by reference to Exhibit 3.1 to Form 10SB filed on May 3, 2005 (File
No.
000-51185)
|
3.1
|
Certificate
of Incorporation of 51142, Inc.
|
|
|
|
|
3.2
|
Certification
of Amendment of Certificate of Incorporation amending the Company’s name
to Signet International Holdings, Inc.
|
|
|
|
Incorporated
by reference to Exhibit 3.2 to Form 10SB filed on May 3, 2005 (File
No.
000-51185)
|
3.2
|
By-Laws
|
|
|
|
|
14
|
Code
of Ethics
|
|
|
|
|
31.1
|
Certification
of Ernest W. Letiziano pursuant to 18 U.S.C. Section 1350 as adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.
|
|
|
|
|
32.1
|
Certification
of Ernest W. Letiziano pursuant to 18 U.S.C. Section 1350 as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
|
Year
ended
December
31,
|
Year
ended
December
31,
|
|||||
2005
|
2004
|
||||||
|
|
|
|||||
(2) Audit
fees
|
$
|
9,250
|
$
|
-
|
|||
(3) Audit-related
fees
|
-
|
-
|
|||||
(4) Tax
fees
|
-
|
-
|
|||||
(5) All
other fees
|
-
|
-
|
|||||
Totals
|
$
|
9,250
|
$
|
-
|
By:
|
/s/
Ernest W. Letiziano
|
|
ERNEST
W. LETIZIANO
|
|
Chief
Executive Officer
Chief
Financial Officer
|
Dated:
|
January
16, 2007
|
Name
|
Title
|
Date
|
/s/
Ernest W. Letiziano
Ernest
W. Letiziano
|
Chief
Executive Officer
Chief
Financial Officer,
and
Director
|
January
16, 2007
|