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 MARCH 31, 2003
------------------
[ ] Transition report under Section 13 or 15(d) of the Securities
Exchange Act of 1934
For the transition period from to
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Commission file no. 333-70932
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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
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APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of the issuer's common stock as
of latest practicable date (December 31, 2003): 17,632,750 shares
Transitional Small Business Disclosure Format (CHECK ONE):
Yes No X
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THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
REVIEW OF
FINANCIAL STATEMENTS
FOR THE QUARTER
ENDED MARCH 31, 2003
TABLE OF CONTENTS
PAGE
ACCOUNTANTS' REVIEW REPORT 1
FINANCIAL STATEMENTS:
BALANCE SHEETS 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 March 31, 2003 and
the related statements of operations, changes in stockholders' equity, and cash
flows for the quarter then ended, the quarter ended March 31, 2002, and the
period from inception, May 8, 2001, through March 31, 2003. 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, 2002 were audited by
us, and we expressed an unqualified opinion on them in our report dated February
15, 2003, but we have not performed any auditing procedures since that date.
April 30, 2003 Michaelson & Co., P.A.
West Palm Beach, FL
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEETS
ASSETS
Mar. 31, 2003 Dec. 31, 2002
(Unaudited) (Audited)
--------- ---------
CURRENT ASSETS
Cash $ 22,180 $ 29,411
Prepaid Expenses 3,125 5,000
--------- ---------
TOTAL CURRENT ASSETS 25,305 34,411
PROPERTY & EQUIPMENT
Fixed Assets (net of accumulated depreciation) 1,131 1,272
--------- ---------
TOTAL ASSETS 26,436 35,683
========= =========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accrued Expenses 12,856 11,446
--------- ---------
TOTAL LIABILITIES 12,856 11,446
--------- ---------
STOCKHOLDERS' EQUITY (NOTE 6)
Common stock; $.001 par value, 100,000,000 shares authorized, 17,633 17,633
17,632,750 shares issued and outstanding as of March 31, 2003
and December 31, 2002
Additional Paid-in Capital 194,147 194,147
(Deficit) accumulated during the development stage (198,200) (187,543)
--------- ---------
TOTAL STOCKHOLDERS' EQUITY 13,580 24,237
--------- ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 26,436 $ 35,683
========= =========
See Accountants' Review Report and Accompanying Notes
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF OPERATIONS
FOR THE QUARTER ENDED MARCH 31, 2003, THE
QUARTER ENDED MARCH 31, 2002, AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
MAY 8, 2001
QUARTER QUARTER (INCEPTION)
ENDED ENDED THROUGH
MAR. 31, 2003 MAR. 31, 2002 MAR. 31, 2003
(UNAUDITED) (UNAUDITED) (UNAUDITED)
------------------ ------------------ --------------------
REVENUES
Income $ - $ - $ -
------------ ------------ ------------
GENERAL AND ADMINISTRATIVE EXPENSES
Corporate Expense 159 - 386
Consulting Expense - - 128,530
Depreciation Expense 141 - 565
Professional Fees 6,900 1,951 45,762
Investor Relations/Promotional 1,875 - 6,995
Materials
SEC Filing Services 442 540 5,106
Rent Expense 300 - 1,486
Office Expense - 637 637
Licenses, Permits and Fees - 985 2,103
Postage & Delivery Expense - 208 245
Stock Transfer Fees 600 930 4,620
Miscellaneous Expenses 240 30 1,723
------------ ------------ ------------
Total General & Administrative
Expenses 10,657 5,281 198,158
OTHER EXPENSES
Interest Expense - 42 42
------------ ------------ ------------
Total Expenses 10,657 5,323 198,200
------------ ------------ ------------
NET (LOSS) $ (10,657) $ (5,323) $ (198,200)
============ ============ ============
(LOSS) PER SHARE DATA:
BASIC AND DILUTED $ (0.001) $ (0.001) $ (0.016)
============ ============ ============
Weighted average shares outstanding - basic 17,632,750 10,300,000 12,148,152
============ ============ ============
See Accountants' Review Report and Accompanying Notes
THE JACKSON RIVERS COMPANY
(A Development Stage Company)
STATEMENTS OF CHANGES IN STOCKHOLDER'S EQUITY
FOR THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
(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
dated April 2002 - - 8,750 - - 8,750
Issuance of shares of common stock in 218,750 219 (8,750) 8,531 - -
exchange for capital subscribed,
April, 2002
Recission of shares of common stock,
August, 2002 (62,500) (63) - (2,437) - (2,500)
Issuance of common stock in exchange
for cash, September, 2002 250,000 250 - 9,750 - 10,000
Issuance of common stock in exchange
for services, September, 2002 2,500,000 2,500 - 47,500 - 50,000
Issuance of common stock in exchange
for services, November, 2002 2,926,500 2,927 - 55,603 - 58,530
Net (loss) - - - - (173,061) (173,061)
------------- ----------- -------------- ------------ ------------- ------------
BALANCE AT DECEMBER 31, 2002 17,632,750 17,633 - 194,147 (187,543) 24,237
------------- ----------- ------------ ------------- ------------
Net (loss) (10,657) (10,657)
------------- ----------- -------------- ------------ ------------- ------------
BALANCE AT MARCH 31, 2003 17,632,750 $17,633 - $ 194,147 $ (198,200) $ 13,580
============= =========== ============== ============ ============= ============
See Accountants' Review Report and Accompanying Notes
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
STATEMENTS OF CASH FLOWS
FOR THE QUARTER ENDED MARCH 31, 2003, THE
QUARTER ENDED MARCH 31, 2002, AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
MAY 8, 2001
QUARTER QUARTER (INCEPTION)
ENDED ENDED THROUGH
MAR. 31, MAR. 31, MAR. 31,
2003 2002 2003
(UNAUDITED) (UNAUDITED) (UNAUDITED)
-------------------- -------------------- --------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (Loss) $ (10,657) $ (5,323) $ (198,200)
Adjustments to reconcile net (loss) to net
cash (used in) operating activities:
Depreciation 141 - 565
(Increase) decrease in prepaid expenses 1,875 - (3,125)
(Increase) in other assets - (972) -
Increase (decrease) in accrued expenses 1,410 (117) 12,856
-------------------- -------------------- --------------------
NET CASH (USED IN) OPERATING ACTIVITIES (7,231) (6,412) (187,904)
-------------------- -------------------- --------------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Property and Equipment - (1,696) (1,696)
-------------------- -------------------- --------------------
NET CASH (USED IN) INVESTING ACTIVITIES - (1,696) (1,696)
-------------------- -------------------- --------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in additional paid-in capital - 70,200 194,147
Increase in common stock - 1,800 17,633
-------------------- -------------------- --------------------
NET CASH PROVIDED BY FINANCING ACTIVITIES - 72,000 211,780
-------------------- -------------------- --------------------
NET INCREASE (DECREASE) IN CASH (7,231) 63,892 22,180
CASH AT BEGINNING OF PERIOD 29,411 677 -
-------------------- -------------------- --------------------
CASH AT END OF PERIOD $ 22,180 $ 64,569 $ 22,180
==================== ==================== ====================
See Accountants' Review Report and Accompanying Notes
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED MARCH 31, 2003, THE PERIOD FROM
MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2002 (AUDITED), AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
(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.
CASH & CASH EQUIVALENTS:
For purposes of financial statement presentation, the Company
classifies all unrestricted highly
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED MARCH 31, 2003, THE PERIOD FROM
MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2002 (AUDITED), AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
(See Accountants' Review Report)
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED):
CASH & CASH EQUIVALENTS (CONTINUED):
liquid investments with an original maturity of three months or less
to be cash equivalents.
USE OF ESTIMATES:
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities at
the date of the financial statements and the reported amounts of
revenues and expenses during the reporting period. Actual results
could differ from those estimates.
2. 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.
3. 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 short-term in nature, for working capital purposes and bore
interest of 9% annually.
In the first quarter of 2003, the Company incurred $1,410 in facility
and service costs provided by the majority shareholder, whose time
and offices are being utilized for the Company's operations. In the
first quarter of 2002, the Company incurred $0 in these costs. During
the period from May 8, 2001 (inception) through March 31, 2003, the
Company incurred a total of $12,856 in these expenses. The costs
included $900 in professional services provided by the majority
shareholder during the quarter ended March 31, 2003, and $10,800
during the period from May 8, 2001 (inception) through March 31,
2003. The Company owed $12,856 and $11,446 to the majority
shareholder for these facility and service costs as of March 31, 2003
and December 31, 2002, respectively.
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED MARCH 31, 2003, THE PERIOD FROM
MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2002 (AUDITED), AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
(See Accountants' Review Report)
4. 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
December 31, 2002, the Company had received payment in full and had
issued the shares related to these subscriptions.
5. CAPITAL STOCK TRANSACTIONS:
The original 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 corrected the subscription acceptance errors by closing
the current offering and extending a rescission offer to all
investors. A total of three investors accepted the recission offer;
the investors' shares certificates were returned to the Company and
cancelled, and a total of $2,500 was refunded to the investors
(representing a total of 62,500 shares of common stock.) As of
December 31, 2002, the rescission offer had expired according to its
express terms and no further requests will be honored.
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. 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, 2,500,000 shares of common
stock were issued to seven recipients in September 2002, at a cost to
the Company of $0.02 per share, or $50,000. In November 2002,
2,926,500 shares of common stock were
THE JACKSON RIVERS COMPANY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO FINANCIAL STATEMENTS
FOR THE QUARTER ENDED MARCH 31, 2003, THE PERIOD FROM
MAY 8, 2001 (INCEPTION) THROUGH DECEMBER 31, 2002 (AUDITED), AND
THE PERIOD FROM MAY 8, 2001 (INCEPTION) THROUGH MARCH 31, 2003
(See Accountants' Review Report)
5. CAPITAL STOCK TRANSACTIONS (CONTINUED):
issued in exchange for services provided to the Company, at a cost to
the Company of $0.02 per share, or $58,530.
6. 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.
Depreciation expense for the quarters ended March 31, 2003 and 2002
was $141 and $0, respectively, and for the period from May 8, 2001
(inception) through March 31, 2003 was $565.
Property and equipment at March 31, 2003 and December 31, 2002
consists of computer equipment purchased late in March 2002 and
placed into service in April 2002.
7. PREPAID EXPENSES:
Prepaid expenses at March 31, 2003 consist of costs incurred to
prepare brochures and other promotional (marketing) materials. These
costs will be written off beginning September 2002, and will be
written off over a twelve-month period.
8. 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.
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. None of the shares offered by Don A. Paradiso were sold under the
Registration Statement. There was no underwriter. From the effective date of the
registration statement through the expiration date of the Offering, we sold
2,018,750 shares to 38 investors for a total of $80,750. We received an
additional $10,000. in receipts for subscribed shares during the quarter ending
September 30, 2002. Because the bank with whom we had talked about serving as
escrow agent for proceeds of the offering Refused to act as Escrow Agent, we
made a recission offer to all of the holders of the shares subscribed for in the
Offering.
The recission offer was made because the 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.
Three holders of shares subscribed for in the Offering requested recission.
The company was obligated to repay a total of $2500.00 to shareholders
requesting recission.
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. The Board is also interested in finding an appropriate merger partner.
We are not repaying Mr. Paradiso any monies advanced by him for the offering,
and we are setting aside our cash to pay first year expenses.
Management believes it can operate with the cash on hand during 2003.
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 2003 rates in West Palm Beach.
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, un-loaned
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 have decided not to commence making loans until such time as an additional
source of funding can be found, which we anticipate prior to the end of the
third quarter of 2003. There can be no assurance that such funding will be
available.
FIRST 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.
PART II
OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
None
ITEM 2. CHANGES IN SECURITIES
None
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
On July 1, 2002 Article VI, Section 2 of our By-Laws were amended. The pertinent
restatement of the By-Laws is as follows:
"Certificates representing the shares of the Corporation shall be issued for
value, in the sole discretion of the Board of Directors, and shares may be
issued for cash, cash equivalents, or any other lawful Compensation, or for
debt, provided, however, that no share shall be issued for a consideration which
Is less than the par value of the shares."
The By-Laws of the Corporation were not restated as a result of the change.
The change allows the Board of Directors to issue shares in exchange for debt,
such as a promissory Note, if otherwise allowed by State Law.
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.
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 MARCH 31, 2003 By /S/ DON A. PARADISO
-------------------- --------------------------
Don A. Paradiso, President