UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
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(Mark one)
[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934
For the quarterly period ended March 31, 2003
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF EXCHANGE ACT
For the transition period from _________ to __________
Commission file number 0-29631
2000 New Commerce, Inc.
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(Name of Small Business Issuer in its charter)
Nevada 95-4783102
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
625 Howe St., Suite 600
Vancouver, BC Canada V6C 2T6
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(Address of principal executive offices) (Zip code)
(604) 683-6648
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(Issuer's telephone number)
State the number of shares outstanding of each of the issuer's classes of common equity, as of March 31, 2003
Common stock 3,000,000 shares
Transitional Small Business Disclosure Format
(Check one): Yes [ ] No [ X]
TABLE OF CONTENTS
PAGE
PART I- FINANCIAL INFORMATION
Item 1. Financial Statements....................... 3-8
Item 2. Plan of Operation.......................... 8-9
Item 1. Legal Proceedings. ......................... 9
Item 2. Changes in Securities. ..................... 9
Item 3. Defaults Upon Senior Securities. .......... 9
Item 4. Submission of Matters to a Vote of
Security Holders. ......................... 9
Item 5. Other Information. ......................... 9-10
Item 6. Subsequent Events. ......................... 10
Item 7. Exhibits and Reports on Form 8-K........... 10
SIGNATURES. ....................................... 10
See accompanying note to financial statements.
See accompanying note to financial statements.
See accompanying note to financial statements.
See accompanying note to financial statements.
2000 New Commerce, Inc.
(A Development Stage Company)
NOTE TO FINANCIAL STATEMENTS
March 31, 2003
(Un-audited)
BASIS OF PRESENTATION
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The accompanying un-audited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10 QSB and Item 310(b) of Regulation S-B. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. During the three month period ended March 31, 2003 Stockholders' Equity (Deficit) changed only by the amount of the net loss. Operating results for the three month period ended March 31, 2003 are not necessarily indicative of the results that may be expected for the year ended December 31, 2003. For further information refer to the audited financial statements and footnotes included in the Company's Form 10-KSB filing for December 31, 2002.
The Company's financial statements have been presented on the basis that is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. From inception to date the Company has only incurred net losses and has had no revenues. These factors, among others, raise substantial doubt as to the Company's ability to continue as a going concern.
2000 New Commerce, Inc. ("the Company") was incorporated in the state of Nevada on January 31, 2000. The Company is a development stage enterprise. From inception on January 31, 2000 to date (March 31, 2003) the Company has had no revenues.
On February 18, 2000 the Company filed a Registration Statement on Form 10-SB with the United States Securities and Exchange Commission. The Registration Statement went effective on April 18, 2000.
The business of the Company is developing e-commerce opportunities, including sales over the Internet and advisory services in this area.
The Company, which has no employees, is a development stage enterprise. From inception to date the Company has had no revenues.
The Company's management is seeking funding from a variety of sources. However, there can be no assurance management will be successful in these endeavors. For the remainder of calendar 2003, and the last three quarters of calendar 2003 absent other funding being obtained, the Company's primary funding source will be President Nikolai who will provide funding for corporate expenses.
Forward-Looking Statements
This Form 10-QSB includes "forward-looking statements" within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All statements, other than statements of historical facts included in this Form, regarding the Company's financial position, business strategy, and plans and objectives of management of the Company for future operations, are forward-looking statements.
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The Company is not a party to any pending legal proceeding. Management is not aware of any threatened litigation, claims or assessments.
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Submission of Matters to a Vote of Security Holders
None.
In early August, 2002 a transaction was completed whereby majority control of the Company was transferred to an investor, Dr. Egon Nikolai. Dr. Nikolai's business address is 12357 56A Avenue, Surrey, B.C. V3X 3H7 Canada.
On April 10, 2003 the Company named Troy Nikolai as Director to serve as President and CEO. Mr. Nikolai is an accountant with C.J. Willoghby in Burnaby BC Canada. On April 10, 2003 Jake Bottay agreed to be a Director and will serve as Secretary and CFO. Mr. Bottay is a self-employed consultant and is Director of Belmont Resources Inc and Highbank Resources Inc, both of Vancouver BC. Mr. Bottay resides in N. Vancouver BC.
Item 7. Exhibits and Report on Form 8-K
No Exhibits
There were no reports filed on Form 8-K during the three month period ended March 31, 2003.
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.
2000 New Commerce, Inc.
Dated: June 27, 2005 /s/ Troy Nikolai
Troy Nikolai, President, CEO, Director
/s/ Egon Nikolai
Egon Nikolai, Chairman of the Board
/s/ Jake Bottay
Jake Bottay, Secretary, CFO, Director