Medical Solutions Management (MSMT) 10-Q 2003 Q3 Quarterly report

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10Q-SB

(Mark One)

[ X ] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended September 30, 2003 or

[     ]  Transitional Report Under Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______________ to ________________.

____________________________________________

Commission File No. 0-25388

ABCI HOLDINGS, INC.

(Name of small business issuer in its charter)

_____________________________________________

Delaware	86-0214815
(State or other Jurisidiction of Incorporation or Organization)	(IRS Employer Identification Number)

_____________________________________________

Post Office Box 1688 Solana Beach, California	92075
(Address of Principal Executive Offices)	(Zip Code)
Issuer's Telephone Number (858) 523-1112

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 Company was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes [ X ] No [    ] 

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act).

Yes [    ] No [    ]

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

As of September 30, 2003, there were 24,558,152 shares of the Company's common stock issued and outstanding.

Transitional Small Business Disclosure Format: Yes [ X ] No [    ].

This Form 10-QSB consists of 20 Pages.

TABLE OF CONTENTS

FORM 10-QSB QUARTERLY REPORT

_________________________

ABCI HOLDINGS, INC.

Section	Heading	Page
Part I	Financial Information
Item 1	Financial Statements	3
	Balance Sheets at December 31, 2002 and September 30, 2003 (Unaudited)	5
	Statement of Operations (Unaudited) for the three and nine months ended September 30, 2002 and 2003	6
	Statement of Cash Flows (Unaudited) for the three and nine months ended September 30, 2002 and 2003	7
	Notes to Financial Statements	8
Item 2	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
Item 3	Quantitative and Qualitative Disclosures about Market Risk	14
Item 4	Controls and Procedures	15
Part II	Other Information
Item 1	Legal Proceedings	16
Item 2	Changes in Securities and Use of Proceeds	17
Item 3	Defaults Upon Senior Notes	18
Item 4	Submission of Matters of a Vote to Security Holders	18
Item 5	Other Information	18
Item 6	Exhibits and Reports on Form 8-K	18
	Signatures	19
	Sarbanes-Oxley Certifications	20-21

Item 1.

ABCI Holdings Incorporated

Financial Statements

For the Three and Nine Months Ended

September 30, 2003

ABCI Holdings Incorporated

Financial Statements

September 30, 2003

________________________________

CONTENTS

________________________________

Balance Sheets 5

Statements of Operations 

At Three Months 6

At Nine Months 7

Statements of Cash Flows 8

Notes to Financial Statements 9 - 13

ABCI Holdings Inc.

Balance Sheet as of December 31, 2002 and September 30, 2003 (See Footnotes Below)

				September 30, 2003	December 31, 2002
Assets
	Total Assets			$ -	$ -
Liabilities and stockholders' deficit
Current liabilities
	Accounts payable			$ 111,822	$ 589,080
	Accrued liabilities			200,728	30,652
	Payroll taxes			-	83,139
	Demand notes			54,027	1,206,916
	Convertible debentures			25,000	175,000
		Total current liabilities		391,577	2,084,787
		Total liabilities		391,577	2,084,787
Stockholders' deficit
	Convertible preferred stock, $.001 par value, 10,000,000 authorized
			no shares issued and outstanding at September 30, 2003 and December 31, 2002	-	-
	Common stock, $.0001 par value, 100,000,000
			shares authorized, 24,558,152 and 17,552,700 shares issued and outstanding at September 30, 2003 and December 31, 2002	2,456	1,755
	Additional paid in capital			20,779,660	18,969,135
	Accumulated deficit			(21,173,194)	(21,055,678)
		Total stockholders' deficit		(391,577)	(2,084,787)
Total liabilities and stockholders' deficit				$ -	$ -

ABCI Holdings Inc.

Statement of Operations from July 1, 2003 to September 30, 2003, and the comparative period for Fiscal Year 2002 (See Footnotes Below)

			Period from July 1, 2003 to September 30, 2003		Period from July 1, 2002 to September 30, 2002
Sales				$ -	$ -
Cost of sales				-	-
Gross profit				-	-
Operating expenses
	General and administrative			-	-
	Professional and consulting			13,000	126,938
	Office occupancy and supplies			-	499
		Total operating expenses		13,000	127,437
Loss from operations				(13,000)	(127,437)
Other income (expense)
	Interest expense			-	(5,654)
	Gain on extinguishment of debt			-	166,961
Total other income (expense)				-	161,307
Net income (loss)				$ (13,000)	$ 33,870
Loss Per Share- Basic and Diluted				(0.0007)	0.0029
Weighted Average Shares Outstanding				18,886,889	11,627,887

ABCI Holdings Inc.

Statement of Operations from January 1, 2003 to September 30, 2003,

and the comparative period for Fiscal Year 2002 (See Footnotes Below)

			Period from January 1, 2003 to September 30, 2003		Period from January 1, 2002 to September 30, 2002
Sales				$ -	$ -
Cost of sales				-	-
Gross profit				-	-
Operating expenses
	General and administrative			5,000	143,682
	Professional and Consulting			199,127	2,764,429
	Office occupancy and supplies			600	499
		Total operating expenses		204,727	2,908,610
Loss from operations				(204,727)	(2,908,610)
Other income (expense)
	Interest expense			(1,150)	(16,523)
	Gain on extinguishment of debt			88,363	166,961
Total other income (expense)				87,213	150,438
Net loss				$ (117,514)	$ (2,758,172)
Loss Per Share- Basic and Diluted				(0.0062)	(0.2372)
Weighted Average Shares Outstanding				18,886,889	11,627,887

ABCI Holdings Inc.

Statement of Cash Flows from January 1, 2003 to September 30, 2003, and the comparative period for Fiscal Year 2002 (See Footnotes Below)

			Period from
				January 1, 2003 to September 30, 2003	January 1, 2002 to September 30, 2002
Cash flows from operating activities:
	Net loss			$ (117,514)	$ (2,758,172)
	Adjustments to reconcile net loss to net cash used by operating activities:
		Stock issued for expenses			62,400
		Interest paid with stock		1,150
		Liquidation of payroll tax		(500)
		Gain on extinguishment of debt		(88,363)	(166,691)
		Increase (decrease) in accounts payable			70,691
		Increase (decrease) accrued liabilities		192,727
		Net cash used by operating activities		(12,500)	(2,792,042)
Cash flows from investing activities:
		Net cash used by investing activities		-	-
Cash flows from financing activities:
	Proceeds from convertible debentures				(1,353,319)
	Net change in bank overdraft				(6,035)
	Issuance of common stock				1,973,483
	Loan proceeds			12,500	69,013
	Contribution of capital				2,108,900
		Net cash provided by financing activities		12,500	2,792,220
Net increase in cash				-	-
Cash at beginning of period
				-	-
Cash at end of period				$ -	$ -
Supplemental disclosures of cash flow information:
	Cash paid for:
		Interest		$ -	$ -
		Income taxes		$ -	$ -
Noncash investing and financing activities
	Stock issued for debt			$ 1,810,075	$ -
	Stock issued for expenses			$ -	$ 62,400

ABCI HOLDINGS, Inc.

Notes to Financial Statements

NOTE 1--ORGANIZATION AND OPERATIONS

Organization

ABCI Holdings, Inc. ("ABCI" or "Company"), formerly known as One Class Synergy Corporation, was incorporated in the State of Delaware in1967.

In August of 2001, the Company completed a reverse acquisition into One Class Synergy Corporation, which was trading on the OTCBB. Subsequently, One Class Synergy Corporation changed the name to ABCI. Before the merger with One Class Synergy Corporation, the Company was named American Boardsports Company, Inc.

Operations

During 2002 and prior the Company planned to manufacture and distribute skateboards, wakeboards, snowboards, related clothing and accessories primarily to specialty retail outlets in the United States and in 13 foreign countries. The Company manufactured and/or assembled its products from components acquired from suppliers in North America. Products are marketed with the Company's own trade names, such as, "Thruster," "Revelation," "Human," "Republic," and "Enemy."

On January 14, 2003, Thomas N. Carter resigned as Chief Executive Officer and Chairman of the Board. Mr. Mark Baum, Attorney at Law was elected to serve as the interim CEO and Board Chairman. All existing operations of ABCI Holding, including the web site, have been discontinued, and the resignation of Floyd Ryan, the Company’s president was received.

NOTE 2--SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As reported in the financial statements, ABCI has incurred a recurring loss of $21,173,194 from inception through September 30, 2003. As of that date, the Company’s current liabilities exceeded its current assets by $391,577. These factors create uncertainty about the Company’s ability to continue as a going concern. The ability of ABCI to continue as a going concern is dependent on the Company obtaining adequate capital funding. Accordingly, the financial statements do not include any adjustments related to the recoverability and classification of recor ded asset amounts or the amount and classification of liabilities or other adjustments that might be necessary should we be unable to continue in business.

Unaudited Interim Financial Information

The accompanying interim balance sheet as of September 30, 2003 and the statements of operations and cash flow for the three and nine month periods ended September 30, 2003, together with the related notes are unaudited and, in the opinion of management, include all normal recurring adjustments that the Company considers necessary. As such, certain information and note disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. A more complete description of accounting policies and disclosures is include in the Company’s annual report on Form 10-KSB. The results of operations for the nine month period ended September 30, 2003 are not necessarily indicative of operating r esults to be expected for the full year.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management are among others, realization of long lived assets, deferred taxes and payroll taxes obligations.

Income Taxes

The Company utilizes Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes," which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred tax assets and liabilities are determined based on the difference between the tax basis of assets and liabilities and their financial reporting amounts based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

Net Income (Loss) Per Share

Income (loss) per common share is computed on the weighted average number of common shares outstanding during each year. Basic EPS is computed as net income (loss) applicable to common stockholders divided by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur from common shares issuable through stock options, warrants and other convertible securities when the effect would be dilutive.

Fair Value of Financial Instruments

Statement of Financial Accounting Standards No. 107, "Disclosure about Fair Value of Financial Instruments," requires certain disclosures regarding the fair value of financial instruments. For certain of the Company's financial instruments, including cash and cash equivalents and accounts payable and accrued liabilities, the carrying amounts approximate fair value due to their short maturities.

Accounting for Stock-Based Compensation

Statement of Financial Accounting Standards No. 123, "Accounting for Stock-Based Compensation", prescribes a fair value method of accounting for stock based compensation plans and for transactions in which stock options or other equity instruments are exchanged for goods or services. Accordingly, the fair value of the equity instruments is used to account for the payment of services rendered. The cost of stock-based compensation is measured at the grant date on the value of the award and recognizes this cost over the service period. The value of the stock-based award is determined using a pricing model whereby compensation cost is the excess of the fair market value of the stock as determined by the model at grant date or other measurement date over the amount an employee must pay to acquire the stock. During 2002 Thomas Carter, former Chairman and CEO was given an option to purchase 2,500,000 shares of the Company’s Common Stock at $0.05 per share, all of which were exercisable in the year of issuance. Utilizing the Black Scholes model which considers the one year term, the $0.12 market price at the time of issuance and an interest rate of 6.48%, compensation expense of $75,000 was recorded. During 2003, the stock options were rescinded in connection with the conversion of various obligations to the Company’s former Chairman and CEO (Note 6).

Reclassifications

Certain 2002 balances have been re-classified to conform to the 2003 presentation.

NOTE 3--CONVERTIBLE DEBENTURES PAYABLE

As of December 31, 2001, the Company had issued $1,354,000 of short-term convertible promissory notes, and assumed $175,000 of convertible debt, through the merger with One Class Synergy. All of the short term convertible promissory notes were converted to common stock by March 31, 2002. During the first quarter of 2003, $150,000 of convertible debt was converted to common stock.

NOTE 4--CAPITAL STRUCTURE

Preferred Stock

The Board of Directors has the authority to issue preferred stock and to fix and determine its series, relative rights and preferences. As of the September 30, 2003, no classes of Preferred Stock were declared, issued or outstanding.

Common Stock

The holders of common stock have one vote per share on all matters, including election of Directors, without provisions for cumulative voting. The common stock is not redeemable and has no conversion or preemptive rights.

In the event of liquidation of the Company, the holders of common stock will share equally in any balance of the Company’s assets available for distribution to them after satisfaction of creditors and the holders of the Company’s senior securities. The Company may pay dividends, in cash or in securities or other property, when and as declared by the board of directors from assets legally available. To date, the Company has not declared or paid dividends on its common stock.

From July 1999 through December 31, 2001, the Company raised an additional $2,124,784 utilizing a Private Placement Memorandum and merger with One Class Synergy Corporation, issuing 2,590,036 shares of the combined company’s common stock.

During the year ended December 31, 2002, the Company issued 7,711,000 shares of common stock valued at $2,620,708 for the payment of operating expenses.

During the year ended December 31, 2002, the Company issued 2,217,007 shares of common stock for the liquidation of debt equaling $1,439,347.

During the quarter ended March 31, 2003, the Company issued 7,005,450 shares of common stock for the liquidation of debt equaling $2,848,683.

During the quarter ended June 30, 2003, the Company did not issue any common shares. During the quarter ended September 30, 2003, the Company did not issue any common shares.

NOTE 5-- STOCK COMPENSATION PLANS

During January 2003, the Company adopted the 2001-2002 Consultants Stock Option Plan (the "Plan"). The Plan authorizes the Board and / or designated committee to grant options to certain qualifying consultants. The aggregate number of option shares cannot exceed 3,000,000. The stock options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options. The option price per share of stock under the Plan will be determined by the Board and / or Committee at the time of grant but shall not, (i) in the case of Non-Qualified Stock Options, be less than 75 percent of the fair market value of the stock on such date, and (ii) in any event, be less than the par value of the stock. If an individual with more than 10 percent of the combined voting power of all classes of stock of the Company or any Parent Corporation and an Incentive Stock Option is granted, the option price shall be no less than 110 percent of the fair market value of the stock on the date granted. Options granted and not exercised within 10 years will expire. To the extent that the aggregate fair market value of shares of stock with respect to which Incentive Stock Options granted under this Plan become exercisable for the first time during the calendar year exceeds $100,000, such stock options will be treated as Non-Qualified Stock Options. As of September 30, 2003, no options have been granted.

During April 2002, the Company adopted the 2002 Professionals Stock Compensation Plan. The Plan authorizes the Board and / or designated committee to grant options to certain qualifying consultants. The aggregate number of option shares cannot exceed 500,000. The stock options granted under the Plan may be of two types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options. The option price per share of stock under the Plan will be determined by the Board and / or Committee at the time of grant but shall not, (i) in the case of Non-Qualified Stock Options, be less than 75 percent of the fair market value of the stock on such date, and (ii) in any event, be less than the par value of the stock. If an individual with more than 10 percent of the combined voting power of all classes o f stock of the Company or any Parent Corporation and an Incentive Stock Option is granted, the option price shall be no less than 110 percent of the fair market value of the stock on the date granted. Options granted and not exercised within 10 years will expire. To the extent that the aggregate fair market value of shares of stock with respect to which Incentive Stock Options granted under this Plan become exercisable for the first time during the calendar year exceeds $100,000, such stock options will be treated as Non-Qualified Stock Options. As of September 30, 2003, no options have been granted.

On September 17, 2003 the Company adopted a 2003 Stock Incentive Plan, whereby certain individuals receive stock options to stimulate their involvement and continued involvement in the Company. On September 17, 2003, the Company registered for consideration to employees, officers, directors or consultants 10,000,000 shares of the common stock for services rendered and/or to be rendered and payments made under the 2003 Stock Incentive Plan. As of the date of this report, no stock or options have been issued.

NOTE 6--RELATED PARTY TRANSACTIONS

The Company satisfied $369,126 due to a shareholder during the quarter ended March 31, 2003 through the issuance of 2,000,000 shares of the Company’s common stock.

The Baum Law Firm ("TBLF"), has been engaged for 12 months to consult to the Company. As of the date of this report, November 14, 2003, TBLF has spent approximately 590 hours of billable time (at US $275.00 per hour) engaging in efforts to liquidate assets of the Company, and to settle lawsuits and various Company obligations.

It is likely that TBLF will, during calendar year 2003, convert some or all of it's debt with the Company into common shares. A conversion of all or part of the TBLF debt may cause TBLF to gain voting control of the Company.

As of March 31, 2003, the Company accrued $151,127 of legal fees due The Baum Law Firm, which is owned by Mark Baum, the Company’s CEO and Chairman.

During the quarter ended June 30, 2003, the Company accrued legal fees due The Baum Law Firm in the amount of $15,827. The total amount due and payable to Mr. Baum’s firm is $166,954 as of June 30, 2003.

During the quarter ended September 30, 2003, the Company accrued legal fees due The Baum Law Firm in the amount of $10,000. The total amount due and payable to Mr. Baum’s firm is $176,954 as of September 30, 2003.

In order to effect a settlement with the Employment Development Department ("EDD"), Mr. Baum advanced the Company $500. This advance will accrue interest at a rate of 4 percent.

In order to settle a debt owed to the Company’s former transfer agent, Mr. Baum advanced the Company $5,000. This advance will accrue interest at a rate of 4 percent.

In order to settle a debt owed to the Company’s former auditors, Matranga & Correija, Mr. Baum advanced the Company $7,500. This advance will accrue interest at a rate of 4 percent.

The advances are included in demand notes.

NOTE 7--LITIGATION

The Company (ABCI) is involved in various claims summarized as follows:

Litigation against ABCI, the Company's predecessor in interest, involving unpaid rent and associated charges in the amount of $20,904. Liability of the Company is certain in this matter as a successor in interest.

During the quarter ended June 30, 2003, Company counsel, The Baum Law Firm, was able to settle the EDD matter with the State of California. The original demand amount of the claim was approximately $84,000. The claim was settled and approved by an administrative law judge in consideration of $500 (Note 6). The corresponding gain on settlement of debt of approximately $83,500 has been included in the Statement of Operations for the Nine Month Period.

During the quarter ended June 30, 2003, the Company was served with a Complaint by Damaged Goods, Inc. The Company believes that it is not liable for this amount and is seeking to negotiate with the Plantiff in order to resolve this matter. However, shareholders should be aware and advised that The Baum Law Firm may not be able to settle this matter and that the Company does not have the cash to defend this claim. Therefore, it is possible, if not probable that the Company may be subject to a judgment in this matter. The Company believes that the entire claim amount is less than $10,000.

NOTE 8-- SUBSEQUENT EVENT

During October 2003, the Company issued 4,500,000 shares of common stock to settle outstanding liabilities of $48,000.00 as of September 30, 2003.Item 2. Management's Discussion and Analysis of Operations

Plan of Operation

A. General Disclosures.

As was disclosed in a Form 8-K filed with the Commission on January 15, 2003 (SEC File Number 000-13858), effective January 14, 2003, the Company ceased all existing operations and Thomas N. Carter resigned as the Company’s CEO and Board Chairman. Mr. Mark Baum ("Baum") was appointed as the Interim CEO & Chairman.

Mark L. Baum has more than 10 years experience in creating, financing and growing development stage enterprises in a variety of industries. Mr. Baum has participated in numerous public spin-offs, venture fundings, private-to-public mergers, and various asset acquisitions and divestitures. Mr. Baum is a licensed attorney in the State of California and the principal attorney for The Baum Law Firm. Mr. Baum's law practice focuses on Securities Laws and related issues for SmallCap and MicroCap publicly reporting companies.

The Company is currently not operating.

All employees have been dismissed.

The Company currently owns no intellectual property of any kind, including patents or trademarks.

B. Plan of Operation Going Forward.

1. Short Term Goals

1. Continue to reduce the liabilities of the Company

1. Explore the possibilities of starting a new operating business

2. Long Term Goals

1. Any long term objectives will be defined by Management's ability to execute on acquiring or starting a new business within the Company

Item 3. Quantitative and Qualitative Disclosures about Market Risk

We face exposure to fluctuations in the price of our common stock due to the very limited cash resources we have. For example, the Company has very limited resources to pay legal and accounting professionals. If we are unable to pay a legal or accounting professional in order to perform various professional services for the company, it may be difficult, if not impossible, for the Company to maintain its reporting status under the '34 Exchange Act. If the Company felt that it was likely that it would not be able to maintain its reporting status, it would make a disclosure by filing a Form 8-K with the SEC. In any case, if the Company was not able to maintain its reporting status, it would become "delisted" and this would potentially cause an investor or an existing shareholder to lose all or part of his investment.

Item 4. Controls and Procedures

A. Evaluation of disclosure controls and procedure. 

Under the supervision and with the participation of our management, currently consisting of Mark L. Baum, we have evaluated the effectiveness of the design and operation of our disclosure controls and procedures within 90 days of the filing date of this quarterly report, and based on their evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that these disclosure controls and procedures are effective in timely alerting them to material information relating to the Company required to be included in the Company’s periodic SEC filings. There were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation.

Disclosure controls and procedures are the controls and other procedures that are designed to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported, within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

B. Changes in Internal Controls.

Not applicable.

Part II.

Other Information

Item 1.Legal Proceedings.

During the last calendar quarter, Damaged Goods, Inc. initiated litigation against the Company. The Company believes that it is not liable for this amount and is seeking to negotiate with the Plaintiff in order to resolve this matter. However, shareholders should be aware and advised that The Baum Law Firm may not be able to settle this matter and that the Company does not have the cash to defend this claim. Therefore, it is possible, if not probable that the Company may be subject to a judgment in this matter. The Company believes that the entire claim amount is less than US $10,000.00.

There are numerous creditors that remain unsatisfied with the Company's ability to meet its obligations to these respective parties.

It is anticipated that any one or more of these creditors could initiate litigation against the Company at any time regarding these unmet obligations.

Item 2. Changes in Securities and Use of Proceeds

During the quarter ending September 30, 2003, the Company issued no securities.

Item 3. Defaults Upon Senior Securities - None.

Item 4. Submission of Matters to a Vote of Security Holders.

On or about July 1, 2001, a majority of our shareholders consented to the merger with American Boardsports Company, Inc., a California corporation and the amendment of our Articles of Incorporation to change our name to ABCI Holdings, Inc.

A shareholder meeting was not held during calendar year 2002.

There was not a matter submitted to our shareholders during the third calendar quarter of 2003.

Item 5. Other Information - Not applicable.

Item 6. Exhibits and Reports Filed on Form 8-K:

On January 15, 2003, the registrant filed a Form 8-K (SEC File Number 000-13858 and Film Number 03513556) that stated that as of January 15, 2003, Thomas N. Carter had resigned all of his positions with the Company and that Mark L. Baum had accepted an appointment as Chairman of the Board of Directors, and that Mr. Baum would act as Interim-CEO.

On March 20, 2003, the registrant filed a Form 8-K (SEC File Number 000-13858 and Film Number 03610268) that stated the Company's new mailing address. The Form 8-K further warned that the Company was having difficultly in filing its Form 10KSB and that it was in danger of being delisted.

On April 2, 2003, the registrant filed a Form 8-K (SEC File Number 000-13858 and Film Number 03635554) that updated shareholders and the marketplace on the settlement of approximately $2.85 million in debt with 28 creditors.

On May 13, 2003, the registrant filed a Form 8-K (SEC Film Number 03695943) that informed the marketplace that the Company and the Board of Directors had approved of the engagement of the firm of Wong Johnson & Associates, A Professional Corporation, of Temecula, California as the Company's independent auditors.

ABCI Holdings Incorporated

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	ABCI HOLDINGS INC. [Graphic] (Registrant)
Date:  November 13, 2003	By:	/s/ Mark L. Baum [Graphic]
	Mark L. Baum
	Chairman of the Board of Directors, CEO and CFO
	(Principal Accounting Officer)

CERTIFICATION PURSUANT TO

18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of ABCI Holdings, Inc. (the "Company") on Form 10-QSB for the quarter ended September 30, 2003, as filed with the Securities and Exchange Commission (the "Report"), I, Mark L. Baum, the CEO of the Company, certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to the best of my knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated this November 13, 2003 /s/ Mark L. Baum

Mark L. Baum,

Chairman and CEO

ABCI Holdings Inc.

CERTIFICATION PURSUANT TO

THE SARBANES-OXLEY ACT OF 2002

I, Mark L. Baum, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of ABCI Holdings Inc.;

2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this quarterly report;

4. The registrant’s certifying officers are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:  

a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is  being prepared;

b) evaluated the effectiveness of the registrant’s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the "Evaluation Date"); and

c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;

5. The registrant’s certifying officer has disclosed, based on his most recent evaluation, to the registrant’s auditors and the audit committee of registrant’s board of directors (or person performing the equivalent function):

a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant’s ability to record, process, summarize and report financial data and have identified for the registrant’s auditors any material weaknesses in internal controls ; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls; and

6. The registrant’s other certifying officers have indicated in this quarterly report whether or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

Date: November 13, 2003

/s/    Mark L. Baum        

[Graphic]

Mark L. Baum

Chairman, CEO and CFO