U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
(MARK ONE)
[X] QUARTERLY REPORT PURSUANT TO 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 NUMBER 000-33499
AUTODATARESEARCH.COM, INC.
(EXACT NAME OF SMALL BUSINESS ISSUER AS
SPECIFIED IN ITS CHARTER)
NEVADA 16-1599721
(STATE OR OTHER JURISDICTION (IRS EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
76 SENECA CREEK ROAD, WEST SENECA, NY 14224
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(716) 675-8563
ISSUER'S TELEPHONE NUMBER
APPLICABLE ONLY TO CORPORATE ISSUERS
STATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES
OF COMMON EQUITY, AS OF THE LATEST PRACTICAL DATE: MAY 16, 2003 459,000
TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE). YES ; NO X
PART I
ITEM 1. FINANCIAL STATEMENTS
INDEPENDENT ACCOUNTANT'S REPORT
AutoDataResearch.com, Inc.
(A Development Stage Company)
We have reviewed the accompanying balance sheets of
AutoDataResearch.com, Inc. (A Development Stage Company) as of June 30, 2002,
and the related statement of operations for the three and six months ended June
30, 2002 and 2001 and the statement of cash flows for the six month periods
ended June 30, 2002 and 2001. These financial statements are the responsibility
of the Company's management.
We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted 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 financial statements referred to above for them to be
in conformity with accounting principles generally accepted in the United States
of America.
We have previously audited, in accordance with auditing standards
generally accepted in the United States of America, the balance sheet of
AutoDataResearch.com, Inc. (A Development Stage Company) as of December 31,
2001, and the related statements of operations, cash flows, and stockholders'
equity for the year then ended (not presented herein); and in our report dated
January 7, 2002, we expressed an unqualified opinion on those financial
statements. In our opinion, the information set forth in the accompanying
balance sheet as of December 31, 2001, is fairly stated, in all material
respects, in relation to the balance sheet from which it has been derived.
Respectfully Submitted,
\s\ Robison, Hill & Co.
Certified Public Accountants
Salt Lake City, Utah
September 5, 2002
F-2
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
BALANCE SHEET
(Unaudited)
June 30, December 31,
2002 2001
------------------ ------------------
Assets:
Current Assets - Cash $ 20,524 $ 29,524
------------------ ------------------
Intangible Assets 12,000 -
Accumulated Amortization (1,833) -
------------------ ------------------
Net Intangible Assets 10,167 -
------------------ ------------------
Total Assets $ 30,691 $ 29,524
================== ==================
Liabilities:
Accounts Payable 587 250
Note Payable to Shareholder 50,114 31,266
------------------ ------------------
Total Liabilities 50,701 31,516
------------------ ------------------
Stockholders' Equity:
Common Stock, Par value $.001
Authorized 100,000,000 shares, Issued 459,000 and 400,000
shares at June 30, 2002 and December 31, 2001 459 400
Common Stock to be Issued, 59,000 Shares - 59
Paid-In Capital 44,031 44,031
Deficit Accumulated During the
Development Stage (64,500) (46,482)
------------------ ------------------
Total Stockholders' Equity (20,010) (1,992)
------------------ ------------------
Total Liabilities and
Stockholders' Equity $ 30,691 $ 29,524
================== ==================
See accompanying notes and accountants' report
F-3
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
STATEMENT OF OPERATIONS
(Unaudited)
Cumulative
since
November 6,
2000
For the Three Months Ended For the Six Months Ended Inception of
June 30, June 30, Development
2002 2001 2002 2001 Stage
----------------- ----------------- ------------------ ------------------ ------------------
Revenues: $ - $ - $ - $ - $ -
Expenses:
General & Admin. 8,390 5,686 16,190 11,991 61,256
----------------- ----------------- ------------------ ------------------ ------------------
Operating Loss (8,390) (5,686) (16,190) (11,991) (61,256)
----------------- ----------------- ------------------ ------------------ ------------------
Other Expense
Interest (1,027) (282) (1,828) (533) (3,244)
----------------- ----------------- ------------------ ------------------ ------------------
Net Income (Loss) $ (9,417) $ (5,968) $ (18,018) $ (12,524) $ (64,500)
================= ================= ================== ================== ==================
Basic & Diluted Loss $ (0.02) $ (0.01) $ (0.02) $ (0.03)
================= ================= ================== ==================
See accompanying notes and accountants' report
F-4
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
STATEMENT OF CASH FLOWS
(Unaudited)
Cumulative
Since
November
6, 2000
For the Six Months Ended Inception of
June 30, Development
2002 2001 Stage
----------------- ----------------- ------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss $ (18,018)$ (12,524)$ (64,500)
Adjustments to Reconcile Net Loss to Net
Cash Used in Operating Activities:
Depreciation and Amortization 1,833 - 1,833
Change in Operating Assets and Liabilities:
Increase (Decrease) in Accounts Payable 337 808 587
----------------- ----------------- ------------------
Net Cash Used in operating activities (15,848) (11,716) (62,080)
----------------- ----------------- ------------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of Intangible Assets (12,000) - (12,000)
----------------- ----------------- ------------------
Net cash provided by investing activities (12,000) - (12,000)
----------------- ----------------- ------------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of Common Shares - - 14,895
Common Stock to be Issued - 29,500 29,500
Increase in Notes Payable 18,848 11,633 50,114
Capital Contributed by Shareholder - 95 95
----------------- ----------------- ------------------
Net Cash Provided by Financing Activities 18,848 41,228 94,604
----------------- ----------------- ------------------
Net (Decrease) Increase in Cash and Cash Equivalents (9,000) 29,512 20,524
Cash and Cash Equivalents at Beginning of Period 29,524 12 -
----------------- ----------------- ------------------
Cash and Cash Equivalents at End of Period $ 20,524 $ 29,524 $ 20,524
================= ================= ==================
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
Interest $ - $ - $ -
Franchise and income taxes $ - $ - $ -
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING
ACTIVITIES: None
See accompanying notes and accountants' report
F-5
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001
(Unaudited)
NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of accounting policies for AutoDataResearch.com, Inc. is
presented to assist in understanding the Company's financial statements. The
accounting policies conform to generally accepted accounting principles and have
been consistently applied in the preparation of the financial statements.
Organization and Basis of Presentation
The Company was incorporated under the laws of the State of Nevada on
November 6, 2000. Since November 6, 2000, the Company is in the development
stage, and has not commenced planned principal operations.
Nature of Business
The Company plans to engage primarily in the business of providing
comparative automobile information via the Internet and printed materials. The
Company plans to partner with a yet to be determined provider of printed
comparative automobile data in order to launch an Internet database containing
comparative automotive information.
Cash and Cash Equivalents
For purposes of the statement of cash flows, the Company considers all
highly liquid debt instruments purchased with a maturity of three months or less
to be cash equivalents to the extent the funds are not being held for investment
purposes.
Pervasiveness of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles required 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.
F-6
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001
(Unaudited)
NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
Concentration of Credit Risk
The Company has no significant off-balance-sheet concentrations of
credit risk such as foreign exchange contracts, options contracts or other
foreign hedging arrangements. The Company maintains the majority of its cash
balances with one financial institution, in the form of demand deposits.
Loss per Share
The reconciliations of the numerators and denominators of the basic
loss per share computations are as follows:
Per-Share
Income Shares Amount
(Numerator) (Denominator)
For the Three Months Ended June 30, 2002
BASIC LOSS PER SHARE
Loss to common shareholders $ (9,417) 459,000 $ (0.02)
================== =================== ==================
For the Three Months Ended June 30, 2001
BASIC LOSS PER SHARE
Loss to common shareholders $ (5,968) 412,241 $ (0.01)
================== =================== ==================
For the Six Months Ended June 30, 2002
BASIC LOSS PER SHARE
Loss to common shareholders $ (18,018) 459,000 $ (0.02)
================== =================== ==================
For the Six Months Ended June 30, 2001
BASIC LOSS PER SHARE
Loss to common shareholders $ (12,524) 406,230 $ (0.03)
================== =================== ==================
The effect of outstanding common stock equivalents would be
anti-dilutive for June 30, 2002 and 2001 and are thus not considered.
F-7
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001
(Unaudited)
NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
Intangible Assets
Intangible assets are valued at cost and are being amortized on the
straight-line basis over a period of three years. The amortization period is
management's estimate of useful economic life of the asset.
The Company identifies and records impairment losses on intangible
assets when events and circumstances indicate that such assets might be
impaired. The Company considers factors such as significant changes in the
regulatory or business climate and projected future cash flows from the
respective asset. Impairment losses are measured as the amount by which the
carrying amount of intangible asset exceeds its fair value.
NOTE 2 - INCOME TAXES
As of June 30, 2002, the Company had a net operating loss carryforward
for income tax reporting purposes of approximately $65,000 that may be offset
against future taxable income through 2022. Current tax laws limit the amount of
loss available to be offset against future taxable income when a substantial
change in ownership occurs. Therefore, the amount available to offset future
taxable income may be limited. No tax benefit has been reported in the financial
statements, because the Company believes there is a 50% or greater chance the
carryforwards will expire unused. Accordingly, the potential tax benefits of the
loss carryforwards are offset by a valuation allowance of the same amount.
NOTE 3 - DEVELOPMENT STAGE COMPANY/GOING CONCERN
The Company has not begun principal operations and as is common with a
development stage company, the Company has had recurring losses during its
development stage. The Company's financial statements are prepared using
generally accepted accounting principles applicable to a going concern which
contemplates the realization of assets and liquidation of liabilities in the
normal course of business. However, the Company does not have significant cash
or other material assets, nor does it have an established source of revenues
sufficient to cover its operating costs and to allow it to continue as a going
concern. In the interim, shareholders of the Company have committed to meeting
its minimal operating expenses.
F-8
AUTO DATA RESEARCH. COM, INC.
(A Development Stage Company)
NOTES TO FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED JUNE 30, 2002 AND 2001
(Unaudited)
NOTE 4 - COMMITMENTS
As of June 30, 2002 all activities of the Company have been conducted
by corporate officers from either their homes or business offices. Currently,
there are no outstanding debts owed by the company for the use of these
facilities and there are no commitments for future use of the facilities.
NOTE 5- NOTE PAYABLE FROM SHAREHOLDER
The Company has borrowed money from a shareholder in order to pay
general and administrative expenses. For purposes of these financial statements,
interest has been calculated at an imputed interest rate of 10 percent. As of
June 30, 2002 and December 31, 2001, the Company owed $50,114 and $31,266,
respectively, relating to these notes.
F-9
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
This discussion should be read in conjunction with Management's
Discussion and Analysis of Financial Condition and Results of Operations in the
Company's annual report on Form 10-SB for the year ended December 31, 2001.
Plan of Operation
The Company plans to engage primarily in the business of providing
comparative automobile information via the Internet and printed materials. The
Company plans to partner with a yet to be determined provider of printed form
comparative automobile data to launch a database containing comparative
automotive information available via the Internet.
The Company's primary target segments of the automobile market will be
automobile manufacturers, distributors, dealers and consumers. The Company's
management believes it can effectively cover the different market segments
without having to change product research and development as the primarily
differences between the targeted market segments are only their size.
The information to be presented on the Company's website and in its
printed materials will allow automobile manufacturers and dealers to present
information to potential purchasers that is geared towards their specific
vehicle makes. Having this information available on-line will allow automobile
manufactures and dealers to reach potential buyers in the early stages of the
purchasing process. Potential purchasers will have access to comparative
information in the comfort of their own homes and offices any time of the day or
night.
The Company believes that in today's automotive industry there is a
much greater awareness of the need for new marketing approaches. As automobile
purchasers have become more knowledgeable of the Internet, there has been a
dramatic increase in automobile pricing services and providers of comparative
automobile information. According to one Internet research firm, twenty-five
percent of new car purchasers researched automobile information via the Internet
in 1998. By 1999, the percentage of new car purchasers utilizing the Internet
for research increased to forty percent. In addition, the same Internet research
firm estimates 500,000 vehicles will be sold via the Internet in 2003, which
would result in the value of vehicle sales conducted entirely online in 2003 to
approach $12 billion.
Results of Operations
As the Company is in the developmental stage and has commenced only
limited operations, it has yet to realize any revenue. The Company has realized
a net loss from operations of $64,500 since inception due primarily to legal and
accounting fees necessary to bring the Company through the development stage.
F-10
Liquidity and Capital Resources
Cash and cash equivalents from inception to date have been insufficient
to provide the operating capital necessary to operate the Company. The necessary
capital to operate the Company has been provided by the principals and founders
of the Company in the form of both debt and capital stock issuances as set forth
in the financial statements incorporated herein. In summary, there has been, and
will continue to be, an absence of liquidity and capital resources to operate
the Company self- sufficiently unless and until an offering of the Company's
stock can be made to provide the necessary cash for operations. The current cash
position of the Company is insufficient to provide for the needs of the Company.
Therefore, management of the Company has committed to providing the necessary
funding for the Company until the Company can generate ample revenues to offset
the expenses or until an appropriate offering of the Company's capital stock or
via third party bridge loans can be made to raise cash.
Competition
There are only a few direct competitors in the Company's targeted market
segments. Most current providers of comparative automobile information on the
Internet, such as Kelley Blue Book, primarily provide pricing services for
consumers and not comparison information customized towards specific vehicle
manufacturers.
Employees
As of May 16, 2003, the Company had no employees.
ITEM 3. CONTROLS AND PROCEDURES
The Company's Chief Executive Officer have concluded, based on an
evaluation conducted within 90 days prior to the filing date of this Quarterly
Report on Form 10-Q, that the Company's disclosure controls and procedures have
functioned effectively so as to provide those officers the information necessary
whether:
(i) this Quarterly Report on Form 10-Q contains any untrue
statement of a material fact or omits 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 on Form 10-Q, and
(ii) the financial statements, and other financial information
included in this Quarterly Report on Form 10-Q, fairly present
in all material respects the financial condition, results of
operations and cash flows of the Company as of, and for, the
periods presented in this Quarterly Report on Form 10-Q.
F-11
There have been no significant changes in the Company's internal
controls or in other factors since the date of the Chief Executive Officer's
evaluation that could significantly affect these internal controls, including
any corrective actions with regards to significant deficiencies and material
weaknesses.
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 SECURITY HOLDERS
None
ITEM 5. OTHER INFORMATION
None
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
Exhibit
Number Title of Document
3i Articles of Incorporation (1)
3ii Bylaws (1)
99.1 Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.
99.2 Certification Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.
(1) Incorporated by reference to the Registrant's registration statement on
Form 10-SB filed on January 14, 2002
F-12
(b) Reports on Form 8-K filed.
No reports on Form 8-K were filed during the prior quarter.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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 this May 28, 2003
AutoDataResearch.com, Inc.
(Registrant)
DATE: May 28, 2003 By: /s/ Robert P. Feneziani
Robert P. Feneziani
President and Director
(Principal Executive Officer)
DATE: May 28, 2003 By: /s/ Thomas D. Feneziani
Thomas D. Feneziani
Secretary, Treasurer and Director
(Principal Financial Officer)
I, Robert P. Feneziani, certify that:
1. I have reviewed this quarterly report on form 10-QSB of
AutoDataResearch.com, 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.
F-13
4. The registrant's other certifying officers and I 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 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 other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):
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.
6. The registrant's other certifying officers and I 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: May 28, 2003
/s/ Robert P. Feneziani
Robert P. Feneziani
President and Director
(Principal Executive Officer)
F-14
I, Thomas D. Feneziani, certify that:
1. I have reviewed this quarterly report on form 10-QSB of
AutoDataResearch.com, 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 other certifying officers and I 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 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 other certifying officers and I have disclosed,
based on our most recent evaluation, to the registrant's auditors and the audit
committee of registrant's board of directors (or persons performing the
equivalent functions):
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.
6. The registrant's other certifying officers and I have indicated in
this quarterly report
F-15
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: May 28, 2003
/s/ Thomas D. Feneziani
Thomas D. Feneziani
Secretary, Treasurer and Director
(Principal Financial Officer)
F-16
EXHIBIT 99.1
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of AutoDataResearch.com, Inc. on Form
10-QSB for the period ending June 30, 2002, as filed with the Securities and
Exchange Commission on the date hereof (the "Report"), I, Robert P. Feneziani,
Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to the best of my knowledge and belief:
(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 result of
operations of the Company.
/s/ Robert P. Feneziani
Robert P. Feneziani
President and Director
(Principal Executive Officer
May 28, 2003
F-17
EXHIBIT 99.2
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Quarterly Report of AutoDataResearch.com, Inc. on Form
10-QSB for the period ending June 30, 2002, as filed with the Securities and
Exchange Commission on the date hereof (the "Report"), I, Thomas D. Feneziani,
Chief Fincancial Officer of the Company, certify, pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to the best of my knowledge and belief:
(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 result of
operations of the Company.
/s/ Thomas D. Feneziani
Thomas D. Feneziani
Secretary, Treasurer and Director
(Principal Financial Officer)
May 28, 2003
F-18