UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[X] Quarterly report under Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the quarterly period ended JUNE 30, 2002
----------------
[ ] Transition report under Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from to
---------------- ----------------
Commission file no. 333-70932
----------
THE JACKSON RIVERS COMPANY
--------------------------
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)
FLORIDA 62-1210877
---------------------------------- --------------------
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
Suite 314, Washington Mutual Bank Tower
2401 East Atlantic Boulevard
POMPANO BEACH, FLORIDA 33062
- --------------------------------------------------------------------------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE)
(954) 782-5006
(ISSUER'S TELEPHONE NUMBER)
4045 BAHIA ISLE CIRCLE, WELLINGTON, FL 33467
(FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED)
Check whether the registrant (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
as been subject to such filing requirements for past 90 days.
Yes X No
---------- --------
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of the issuer's common stock as
of latest practicable date (June 30, 2002): 12,018,750 shares
Transitional Small Business Disclosure Format (CHECK ONE):
Yes No X
-------- -------
PART I
FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS
The following financial statements are filed with this Form 10-QSB:
PAGE
----
Accountant's Report F-1
Balance Sheets as of December 31, 2001 (audited)
and June 30, 2002 (unaudited) F-2
Statement of Operations for periods ending
December 31, 2001 (audited) and June 30, 2002 (unaudited) F-3
Statement of Changes in Stockholders' Equity F-4
Statement of Cash Flows F-5
Notes to Financial Statements F-6
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
REVIEW OF FINANCIAL STATEMENTS
FOR THE QUARTER ENDED
JUNE 30, 2002
TABLE OF CONTENTS
PAGE
----
ACCOUNTANTS' REVIEW REPORT 1
FINANCIAL STATEMENTS:
BALANCE SHEET 2
STATEMENTS OF OPERATIONS 3
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY 4
STATEMENTS OF CASH FLOWS 5
NOTES TO FINANCIAL STATEMENTS 6-9
ACCOUNTANTS' REVIEW REPORT
- --------------------------
To the Board of Directors and Stockholders,
The Jackson Rivers Company
Pompano Beach, Florida
We have reviewed the accompanying balance sheet of The Jackson Rivers Company (a
Florida corporation and a development stage company) as of June 30, 2002 and the
related statements of operations, changes in stockholders' equity, and cash
flows for the quarter then ended, year-to-date through June 30, 2002, the period
from inception, May 8, 2001, through December 31, 2001 and the period from
inception, May 8, 2001, through June 30, 2002. All information included in these
financial statements is the responsibility of the Company's management.
A review consists primarily of inquiries of company personnel and analytical
procedures applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with generally accepted accounting principles.
The financial statements for the year ended December 31, 2001 were audited by
us, and we expressed an unqualified opinion on them in our report dated April 1,
2002, but we have not performed any auditing procedures since that date.
August 7, 2002
F-1
THE JACKSON RIVERS COMPANY
(A Development Stage Company)
BALANCE SHEETS
ASSETS
June 30, 2002 Dec. 31, 2001
(Unaudited) (Audited)
-------------------- ----------------------
CURRENT ASSETS
Cash $ 53,188 $ 677
Prepaid Expenses 7,500 -
Other Assets 957 -
-------------------- ----------------------
TOTAL CURRENT ASSETS 61,645 677
PROPERTY & EQUIPMENT
Fixed Assets (net of accumulated depreciation) 1,554 -
-------------------- ----------------------
TOTAL ASSETS 63,199 677
==================== ======================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable 354 -
Accrued Expenses 8,926 159
-------------------- ----------------------
TOTAL LIABILITIES 9,280 159
-------------------- ----------------------
STOCKHOLDERS' EQUITY
Common stock; $.001 par value, 100,000,000 shares authorized, 12,019 10,000
12,018,750 and 10,000,000 shares issued and outstanding as
of June 30, 2002 and December 31, 2001, respectively
Additional Paid-in Capital 83,731 5,000
(Deficit) accumulated during the development stage (41,831) (14,482)
-------------------- ----------------------
TOTAL STOCKHOLDERS' EQUITY 53,919 518
-------------------- ----------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 63,199 $ 677
==================== ======================
See Accountants' Review Report and Accompanying Notes
F-2
THE JACKSON RIVERS COMPANY
(A Development Stage Company)
STATEMENTS OF OPERATIONS
FOR THE QUARTER ENDED JUNE 30, 2002, YEAR-TO-DATE THROUGH JUNE 30, 2002,
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2001,
AND THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH JUNE 30, 2002
YEAR- MAY 8, 2001 MAY 8, 2001
QUARTER TO-DATE (INCEPTION) (INCEPTION)
ENDED THROUGH THROUGH THROUGH
JUNE 30, 2002 JUNE 30, 2002 DEC. 31, 2001 JUNE 30, 2002
(Unaudited) (Unaudited) (Audited) (Unaudited)
--------------- --------------- --------------- ----------------
REVENUES:
Income $ -- $ -- $ -- $ --
------------ ------------ ----------- -----------
GENERAL & ADMINISTRATIVE EXPENSES:
Corporate Expense -- -- 227 227
Depreciation Expense 141 141 -- 141
Professional Fees 17,002 18,953 11,650 30,603
Investor Relations/Promotional Materials 2,500 2,500 -- 2,500
SEC Filing Services 354 894 2,184 3,078
Office Expense -- 637 -- 637
Licenses, Permits and Fees -- 985 268 1,253
Postage & Delivery Expense 38 246 -- 246
Stock Transfer Fees 1,135 2,065 -- 2,065
Miscellaneous Expenses 856 886 153 1,039
------------ ------------ ----------- -----------
Total General & Administrative Expenses 22,026 27,307 14,482 41,789
OTHER EXPENSES
Interest Expense -- 42 -- 42
------------ ------------ ----------- -----------
Total Expenses 22,026 27,349 14,482 41,831
------------ ------------ ----------- -----------
NET (LOSS) $ (22,026) $ (27,349) $ (14,482) $ (41,831)
============ ============ =========== ===========
(Loss) per share data:
Basic and diluted $ (0.002) $ (0.002) $ (0.002) $ (0.004)
============ ============ =========== ===========
Weighted average shares outstanding - basic 12,018,750 11,309,375 8,181,818 9,846,875
============ ============ =========== ===========
See Accountants' Review Report and Accompanying Notes
F-3
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH JUNE 30, 2002
(DEFICIT)
ACCUMULATED
DURING THE
COMMON STOCK CAPITAL PAID IN DEVELOPMENT
SHARES AMOUNT SUBSCRIBED CAPITAL STAGE TOTAL
-------------- ------------- ---------------- -------------- ------------- ------------
BALANCE AT MAY 8, 2001 -- $ -- $ -- $ -- $ -- $ --
Issuance of common stock in exchange 10,000,000 10,000 -- 5,000 -- 15,000
for cash, June 11, 2001
Net (loss) -- -- -- -- (14,482) (14,482)
---------- ------- -------- ------- -------- --------
BALANCE AT DECEMBER 31, 2001 10,000,000 10,000 -- 5,000 (14,482) 518
---------- ------- -------- ------- -------- --------
Capital subscribed, per agreements -- -- 42,500 -- -- 42,500
dated February 2002
Capital subscribed, per agreements -- -- 29,500 -- -- 29,500
dated March 2002
Issuance of shares of common stock in 1,800,000 1,800 (72,000) 70,200 -- --
exchange for capital subscribed,
March, 2002
Capital subscribed, per agreements -- -- 8,750 -- -- 8,750
dated April 2002
Issuance of shares of common stock in 218,750 219 (8,750) 8,531 -- (0)
exchange for capital subscribed,
April, 2002
Net (loss) -- -- -- -- (27,349) (27,349)
---------- ------- -------- ------- -------- --------
BALANCE AT JUNE 30, 2002 12,018,750 $12,019 $ -- $83,731 $(41,831) $ 53,919
========== ======= ======== ======= ======== ========
See Accountants' Review Report and Accompanying Notes
F-4
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
FOR YEAR-TO-DATE THROUGH JUNE 30, 2002,
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2001, AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH JUNE 30, 2002
YEAR-TO- MAY 8, 2001 MAY 8, 2001
DATE (INCEPTION) (INCEPTION)
THROUGH THROUGH THROUGH
JUNE 30, 2002 DEC. 31, 2001 JUNE 30, 2002
(UNAUDITED) (AUDITED) (UNAUDITED)
-------------------- -------------------- --------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss) $ (27,349) $ (14,482) $ (41,831)
Adjustments to reconcile net (loss) to net cash (used in)
operating activities:
Depreciation 141 141
(Increase) in prepaid expenses (7,500) - (7,500)
(Increase) decrease in other assets (957) - (957)
Increase (decrease) in accounts payable 354 - 354
Increase (decrease) in accrued expenses 8,767 159 8,926
--------------- -------------------- --------------------
NET CASH (USED IN) OPERATING ACTIVITIES (26,544) (14,323) (40,867)
--------------- -------------------- --------------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and Equipment (1,695) - (1,695)
--------------- -------------------- --------------------
NET CASH (USED IN) INVESTING ACTIVITIES (1,695) - (1,695)
--------------- -------------------- --------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase (decrease) in additional paid-in capital 78,731 5,000 83,731
Increase in common stock 2,019 10,000 12,019
--------------- -------------------- --------------------
NET CASH PROVIDED BY FINANCING ACTIVITIES 80,750 15,000 95,750
--------------- -------------------- --------------------
NET INCREASE (DECREASE) IN CASH 52,511 677 53,188
--------------- -------------------- --------------------
CASH AT BEGINNING OF PERIOD 677 - -
--------------- -------------------- --------------------
CASH AT END OF PERIOD $ 53,188 $ 677 $ 53,188
=============== ==================== ====================
See Accountants' Review Report and Accompanying Notes
F-5
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED JUNE 30, 2002, YEAR-TO-DATE THROUGH
JUNE 30, 2002, THE PERIOD FROM INCEPTION, MAY 8, 2001, THROUGH DECEMBER 31,
2001 (AUDITED), AND THE PERIOD FROM INCEPTION, MAY
8, 2001, THROUGH JUNE 30, 2002
(See Accountants' Review Report)
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
ORGANIZATION:
-------------
The Jackson Rivers Company ("the Company") is a development stage
enterprise incorporated under the laws of the State of Florida in May
2001. The Company's offices are in Pompano Beach, Florida, its only
location.
The Jackson Rivers Company does not presently conduct business
operations.
METHOD OF ACCOUNTING:
---------------------
The Company reports the results of its operations using the accrual
method of accounting for both financial statement and income tax
purposes. Under this method, income is recognized when earned and
expenses are deducted when incurred. The accounting policies of the
Company are in accordance with generally accepted accounting principles
and conform to the standards applicable to development stage companies.
INCOME TAXES:
-------------
The Company has no taxable income to date; therefore, no provision for
federal or state taxes has been made.
COMPUTATION OF NET LOSS PER SHARE:
----------------------------------
In February 1997, the Financial Accounting Standards Board issued SFAS
No. 128, Earnings Per Share. The Company has reflected the provisions
of SFAS No. 128 in the accompanying financial statements for the period
presented. SFAS 128 replaces the presentation of primary Earnings Per
Share ("EPS") with a presentation of basic EPS, which excludes dilution
and is computed by dividing income or loss available to common
shareholders by the weighted average number of common shares
outstanding for the period. The Statement also requires the dual
presentation of basic and diluted EPS on the face of the statement of
operations for all entities with complex capital structures. During the
periods presented, the Company did not have a complex capital
structure.
INTERIM FINANCIAL STATEMENTS:
-----------------------------
It is management's representation that all adjustments that are
necessary for the interim financial statements not to be misleading
have been included in the accompanying statements.
F-6
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED JUNE 30, 2002, YEAR-TO-DATE THROUGH
JUNE 30, 2002, THE PERIOD FROM INCEPTION, MAY 8, 2001, THROUGH DECEMBER 31,
2001 (AUDITED), AND THE PERIOD FROM INCEPTION, MAY
8, 2001, THROUGH JUNE 30, 2002
(See Accountants' Review Report)
2. RESTRICTED STOCK:
-----------------
In June, 2001, the Company reserved 10,000,000 common capital voting
shares of the Corporation for future use in employee stock option
plans, or for such other purposes as may be determined from time to
time by the Board of Directors of the Corporation. As of June 30, 2002,
the Company had not adopted any stock option plan nor had it issued any
such shares for other purposes.
3. DEVELOPMENT STAGE OPERATIONS:
----------------------------
The Company was formed on May 8, 2001. There have not been any
operations since inception and the Company is in the process of raising
capital and financing for its future operations. As of March 31, 2002,
the Company had thirty-eight shareholders.
4. RELATED PARTY TRANSACTIONS:
--------------------------
In January 2002, the majority shareholder of the Company loaned the
Company $4,000, all of which had been repaid as of June 30, 2002. The
loan was for short-term in nature, for working capital purposes and
bore interest of 9% annually.
In the second quarter of 2002, the Company recorded $8,926 in facility
and service costs incurred during the period January through June 2002.
These costs resulted from facilities and services provided by the
majority shareholder, whose time and offices are being utilized for the
Company's operations. During the period from May 8, 2001 (inception)
through June 30, 2002, the Company incurred a total of $8,926 in these
expenses. The costs included $8,100 in professional services provided
by the majority shareholder during the six months ended June 30, 2002,
and during the period from May 8, 2001 (inception) through June 30,
2002. The Company owed $8,926 and $0 to the majority shareholder for
these facility and service costs as of June 30, 2002 and December 31,
2001, respectively.
5. SUBSCRIPTIONS:
-------------
In the first six months of 2002, the Company received $80,750 in
deposits on thirty-seven subscription agreements for the purchase of a
total of 2,018,750 shares of common stock ($0.04 per share). At June
30, 2002, the Company had received payment in full and had issued the
shares related to these subscriptions.
F-7
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED JUNE 30, 2002, YEAR-TO-DATE THROUGH
JUNE 30, 2002, THE PERIOD FROM INCEPTION, MAY 8, 2001, THROUGH DECEMBER 31,
2001 (AUDITED), AND THE PERIOD FROM INCEPTION, MAY
8, 2001, THROUGH JUNE 30, 2002
(See Accountants' Review Report)
6. CAPITAL STOCK TRANSACTIONS:
--------------------------
The Articles of Incorporation provide authorization for the issuance of
100,000,000 shares of common stock, par value $0.001 per share.
On February 8, 2002, the Company's registration statement became
effective. The statement provided for the utilization of an escrow
agent for the proceeds of an offering of common stock, pending the sale
of the minimum number of shares (15,000,000). However, the bank which
the Company believed had committed to serve as escrow agent eventually
declined to serve due to the small size of the offering. The Company
revised the subscription agreement, accepted subscriptions made payable
to the Company (instead of the escrow agent), and deposited
subscription funds received into the Company's operating account. The
Company then issued shares of stock to subscribers prior to receiving
subscriptions for the stated minimum of 15,000,000 shares.
Management represents that it will correct the subscription acceptance
errors by closing the current offering, extending a recission offer to
all investors and amending the registration statement. The maximum
exposure to the Company, should all investors accept the recission
offer, is $80,750. The amendment will change the offering to a "use of
proceeds" type with no requirement that a minimum number of shares be
sold. Management expects that no investors will accept the recission
offer.
7. PROPERTY AND EQUIPMENT:
----------------------
Property and equipment is carried at cost. Depreciation of depreciable
assets is computed using the straight-line method of depreciation over
the estimated useful lives of the assets.
Property and equipment at June 30, 2002 consists of computer equipment
purchased late in March 2002 and placed into service in April 2002.
8. PREPAID EXPENSES:
----------------
Prepaid expenses at June 30, 2002 consist of costs incurred to prepare
brochures and other promotional (marketing) materials. These costs will
be written off beginning September 2002 (when operations are expected
to commence), and will be written off over a twelve-month period.
F-8
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED JUNE 30, 2002, YEAR-TO-DATE THROUGH
JUNE 30, 2002, THE PERIOD FROM INCEPTION, MAY 8, 2001, THROUGH DECEMBER 31,
2001 (AUDITED), AND THE PERIOD FROM INCEPTION, MAY
8, 2001, THROUGH JUNE 30, 2002
(See Accountants' Review Report)
9. SUBSEQUENT EVENTS:
-----------------
In July 2002, the Company established a consulting services plan
designed to grant compensation to recipients in exchange for services
provided to the Company. In connection with this plan, a total of
2,500,000 shares of common stock were issued to seven recipients at a
cost to the Company of $0.01 per share, or a total of $25,000.
F-9
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Much of the discussion in this Item 2 is "forward looking" as that term is used
in Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act. Actual operations and results may materially differ from present plans and
projections due to changes in economic conditions, new business opportunities,
changed business conditions, and other developments. Other factors that could
cause results to differ materially are described in the prospectus filed with
the company's registrations statement with the Securities and Exchange
Commission.
USE OF PROCEEDS FROM REGISTERED SECURITIES
The company's registration statement under the Securities Act of 1933 became
effective on February 8, 2002 (Securities and Exchange Commission file no.
333-70932). The registration statement related to 60,000,000 shares of common
stock (par value $.0001 per share) to be offered by the company for $2,400,000,
and 10,000,000 shares to be offered by our president, Don A. Paradiso, for
$400,000. There is no underwriter. From the effective date of the registration
statement through June 30, 2002, we sold 2,018,750 shares to 38 investors for a
total of $80,750. Because the bank with whom we had talked about serving as
escrow agent for proceeds of the offering pending sale of 15,000,000 shares
declined to serve due to the offering's small size, such funds were deposited in
the company's operating account.
3
No funds were applied to commissions, finders' fees, or discounts, and no
payments were made to any of our officers, directors, affiliates, or security
holders except for the repayment of loans and reimbursement of expenses. As of
June 30, 2002, $53,688. of offering proceeds remained in the company's account.
This application of proceeds constituted a change from the uses contemplated by
the company's prospectus in that the proceeds were not placed in escrow, were
released before 15,000,000 shares had been subscribed for, and were not used for
loans and salaries. In February 2002, our escrow agent declined to execute the
escrow agreement which they had prepared. The subscription monies received from
subscribers were placed in our corporate account.
We offered a written offer to rescind the investments of all investors on July
11, 2002. In the event such rescission offer were to be accepted by one or more
investors, we would have a liability to such investors in an amount of up to
$80,750. No investor has requested rescission as of August 2, 2002.
MANAGEMENT'S PLAN OF OPERATION
Our present efforts focus on acquiring additional funds both for operating
Expenses, and to secure a loan fund with which to start operations as a consumer
lender. We will be marketing loans through smaller, independently owned funeral
homes in Florida. We are not repaying Mr. Paradiso the $20,000 and any other
monies advanced by him for the offering, and we are setting aside our cash to
pay first year expenses.
4
Management believes it can operate with the cash on hand during this first year
of operations. There can be no assurance that we will be able to find financing
on acceptable terms.
Because of such lack of capital and other reasons, an investment in our company
involves a very high degree of risk. See "Important Risk Factors".
Until such time as Jackson Rivers has $1,000,000 of monies on loan or available
for lending, Mr. Paradiso has agreed to provide an office, office equipment, and
management without cost to the company. Until that time, no salary or expenses
incurred on behalf of the company by Mr. Paradiso will be paid or accrued
(except for offering expenses advanced by him). After the company has $1,000,000
in working capital on hand for lending activities, Mr. Paradiso will commence
receiving a salary at the rate of $96,000 per year for the balance of 2002 and
$156,000 commencing in 2003 or such later time as Jackson Rivers has $2,000,000
in working capital on hand for lending activities. At such time as the company
has $1,000,000 on loan, the company will also commence paying rent at prevailing
market rates and other office expenses. Rent will depend on the amount of space
required, but it is anticipated that approximately 1,300 square feet will be
required, for which we can expect to pay approximately $10 per square foot at
prevailing 2002 rates in West Palm Beach.
5
Except for the $53,688 in our account as of June 30, 2002, from the sale of
stock, we do not have any funds or capital resources, nor do we have any
commitments for loans or lines of credit. It is anticipated we would have to
have at least $600,000 of equity for lending in order to break even.
As funds permit, we would anticipate employing additional personnel (an
additional officer, one or two additional bookkeepers, and an additional
salesman). We will also seek to establish operations in one or more additional
states. In the event we are unable to place all such funds in loans, unloaned
funds will be invested in one or more money market funds or other short-term,
interest-bearing securities, which are not expected to provide the same returns
as the loans contemplated by Jackson Rivers.
We will commence making loans on a test basis in the fall of 2002, and if
initial marketing is successful, we believe we will be able to raise additional
financing, but as pointed out above, there can be no assurance that such
financing will be available.
SECOND QUARTER COSTS AND CHANGES IN FINANCIAL CONDITION
As of the date of this report, we have not engaged in any business activities
which provide cash flow, and have not recorded any revenues from operations.
The company's assets increased from $677 on December 31, 2001 to $53,688. on
June 30, 2002. This increase was the result of the sale of 2,018,750 shares of
our common stock.
PART II
OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 2. CHANGES IN SECURITIES
None
6
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITIES HOLDERS
No matters were submitted during the period covered by this report to a vote of
security holders, through the solicitation of proxies or otherwise.
ITEM 5. OTHER INFORMATION
None.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
INDEX TO EXHIBITS
Consent of experts
(I)CONSENT OF MICHAELSON & CO., CERTIFIED
PUBLIC ACCOUNTANTS (FILED WITH THIS REPORT)
REPORTS ON FORM 8-K
No reports on Form 8-K were filed during the last quarter of the
period covered by this report.
7
SIGNATURES
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.
THE JACKSON RIVERS COMPANY
(Registrant)
Date JUNE 30, 2002 By /S/ DON A. PARADISO
------------------------- --------------------------
Don A. Paradiso, President
h