United States
Securities and Exchange Commission
Washington, DC 20549
FORM 10Q SB / A
[X] AMENDED QUARTERLY REPORT UNDER SECTION 13 OR 15 (d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2002
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE
EXCHANGE ACT
Commission file Number 0 - 32279
OYSTER CREEK GROUP INC.
Exact name of small business issuer as specified in its charter
Nevada 76-0616471
(State or other jurisdiction of (I.R.S.Employer
incorporation or organization) Identification No.)
#400 - 601 W. Broadway, Vancouver, BC, Canada, V5Z 4C2
(Address of principal executive office)
Issuer's Telephone Number: (604) 675-6930
NA
(Former name, former address and former fiscal year, if
changed since last report)
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PAST FIVE YEARS
Check whether the registrant filed all documents and reports
required to be filed by Section 12, 13 or 15 (d) of the Exchange Act
after the distribution of Securities under a plan confirmed by a
court. Yes ____ No ____
APPLICABLE ONLY TO CORPORATE ISSUERS
State the number of shares outstanding of each of the
Issuer's common equity as of the last practicable date:
4,500,000 shares
Transitional Small Business Disclosure Format (check one)
Yes ___ No X
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PART I
FINANCIAL INFORMATION
Item 1. Financial Statements.
The financial statements for the quarter ended March 31, 2002 are
attached hereto as Exhibit A
Item 2.
(a)Management's Discussion and Analysis or Plan of Operation.
Oyster Creek Group has a three-year license to market and sell
vitamins, minerals, nutritional supplements, and other health and
fitness products to medical professionals, alternative health
professionals, martial arts studios and instructors, sports and
fitness trainers, other health and fitness professionals, school
and other fund raising programs and other similar types of
customers. All of these individuals and organizations will
order their products via the Internet for sale to their clients.
The license will be automatically renewed unless Oyster Creek
Group or VitaMineralHerb.com gives the other notice of its intent
not to renew.
As a licensee of VitaMineralHerb.com, Oyster Creek Group
eliminates the need to develop products, store inventory, build
and maintain a website, establish banking liaisons, and develop a
fulfillment system, thereby enabling Oyster Creek Group to focus
strictly on
marketing and sales. Oyster Creek Group plans to target health
and fitness professionals in South Florida who wish to offer
health and fitness products to their customers.
Oyster Creek Group (and its customers) will have access to all
products offered on the VitaMineralHerb.com website, as well as
the ability to order custom-formulated and custom-labeled
products. VitaMineralHerb.com sets the price for products based
on the manufacturer's price, plus a markup which provides a 10%
commission to VitaMineralHerb.com and a profit for Oyster Creek
Group.
(b)Management's discussion and analysis of Financial Condition
and Results of Operations.
Liquidity and Capital Resources
Oyster Creek Group Inc. remains in the development stage and,
since inception, has experienced small expenses for the
preparation of financial statements and periodic reports as
required by the Securities Exchange Act of 1934. Consequently,
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our balance sheet for the period ending March 31, 2002 reflects
current assets of $ 0.00 in the form of cash, and total assets of
$ 0.00.
We believe that our existing capital will not be sufficient to
meet our cash needs, including the costs of compliance with the
continuing reporting requirements of the Securities Exchange Act.
As a result, a related party to date has advanced a total of $ 6,100 to
cover audit, financial statement preparation and filing fees.
No commitments to provide additional funds have been made by
management or other stockholders. Accordingly, there can be no
assurance that any additional funds will be available.
Irrespective of whether the cash assets prove to be inadequate to
meet operational needs, the Company might seek to compensate
providers of services by issuances of stock in lieu of cash.
PART II
OTHER INFORMATION
Item 1. Legal Proceedings
None
Item 2. Changes in Securities
None
Item 3. Defaults Upon Senior Securities
Not Applicable
Item 4. Submission of Matters to a Vote of Securities Holders
None
Item 6. Exhibits and Reports on Form 8K
None
SIGNATURES
In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by
the undersigned, hereunto duly authorized.
OYSTER CREEK GROUP INC.
Dated July 6, 2004 /S/ Dorothy A. Mortenson
Dorothy A. Mortenson,
Secretary and Director
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EXHIBIT A
OYSTER CREEK GROUP INC.
FINANCIAL STATEMENTS
AS AT MARCH 31, 2002
(PREPARED BY MANAGEMENT)
OYSTER CREEK GROUP INC.
BALANCE SHEET
AS AT MARCH 31, 2002
(PREPARED BY MANAGEMENT)
ASSETS
CURRENT ASSETS $ 0
OTHER ASSETS
LICENSE RIGHTS 0
TOTAL ASSETS 0
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES 6,100
TOTAL CURRENT LIABILITIES 6,100
STOCKHOLDERS' EQUITY
COMMON STOCK $0.001 PAR VALUE
25,000,000 SHARES AUTHORIZED
4,500,000 ISSUED AND OUTSTANDING 4,500
ADDITIONAL PAID-IN CAPITAL 75
DEEMED DIVIDEND RE: LICENSE RIGHTS (2,000)
DEFICIT ACCUMUILATED DURING
THE DEVELOPMENT STAGE (8,675)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) (6,100)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 0
SEE ATTACHED NOTES
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OYSTER CREEK GROUP INC.
STATEMENT OF OPERATIONS
FOR THE THREE MONTHS AND NINE MONTHS
PERIODS ENDING MARCH 31, 2002 AND 2001
THREE MONTHS NINE MONTHS
2002 2001 2002 2001
REVENUES $ 0 $ 0 $ 0 $ 0
OPERATING EXPENSES:
OFFICE EXPENSES AND FILING FEES 0 0 1,200 0
LEGAL AND ACCOUNTING 0 0 3,700 0
TOTAL OPERATING EXPENSES 0 0 4,900 0
NET (LOSS) FOR THE PERIOD (0) 0 (4,900) 0
NET (LOSS) PER SHARE $ 0.00 $ 0.00 $ 0.00 $0.00
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING 4,500,000 4,500,000 4,500,000 4,500,000
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SEE ATTACHED NOTES
OYSTER CREEK GROUP INC.
STATEMENT OF CASH FLOWS
FOR THE NINE MONTH
PERIOD ENDING MARCH 31, 2002 AND 2001
NINE MONTHS ENDED
MARCH 31
2002 2001
CASH FLOWS FROM (TO)
OPERATING ACTIVITIES
NET INCOME (LOSS) $ (900) $ 0
NET INCREASE IN ACCOUNTS PAYABLE 900 0
CASH FLOWS FROM (TO)
INVESTING ACTIVITIES 0 0
CASH FLOWS FROM (TO)
FINANCING ACTIVITIES 0 0
NET INCREASE (DECREASE IN CASH 0 0
CASH BEGINNING OF PERIOD 0 0
CASH END OF PERIOD $ 0 $ 0
SEE ATTACHED NOTES
NOTES TO UNAUDITED FINANCIAL STATEMENTS
(PREPARED BY MANAGEMENT)
NOTE 1 - BASIS OF PRESENTATION
The accompanying financial statements have been prepared in
accordance with US Securities and Exchange Commission ("SEC")
requirements for interim financial statements. Therefore, they do
not include all of the information and footnotes required by
generally accepted accounting principles for complete financial
statements. The financial statements should be read in conjunction
with the year ended June 30, 2001 financial statements of Oyster
Creek Group Inc. ("Registrant") included in the Form 10K SB filed
with the SEC by the Registrant.
The results of operations for the interim period shown in this
report are not necessarily indicative of the results to be expected
for the full year. In the opinion of management, the information
contained herein reflects all adjustments necessary to make the
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results of operations for the interim periods a fair statement of
such operation. All such adjustments are of a normal recurring
nature.
NOTE 2 - RELATED PARTY TRANSACTIONS
Due to related parties at March 31, 2002.
Advances payable to an officer and shareholder of Registrant
represent advances, unsecured and bearing no interest and
due on demand $ 6,100
Due to related party - $6,100
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