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 January 31, 2003
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from ___________________ to ______________
Commission file number: 333-90618
INFOTEC BUSINESS SYSTEMS, INC.
(Exact name of small business issuer as specified in its charter)
NEVADA 98-0358149
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
444 Columbia St. E., New Westminster BC V3L 3W9
(Address of principal executive offices) (Zip Code)
Issuer's Telephone Number (604) 777-1707
Check whether the issuer (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) has been subject to such filing requirements for the
past 90 days.
YES [ X ] NO [ ]
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 practicable date: 4,500,000 as of
March 10, 2003.
INFOTEC BUSINESS SYSTEMS, INC.
Form 10-QSB for the quarter ended January 31, 2003
TABLE OF CONTENTS AND INFORMATION REQUIRED IN REPORT
Page
PART I Financial Information
Item 1. Financial Statements (unaudited):
Consolidated:
Balance Sheets as of January 31, 2003 and April 30, 20023
Statements of Operations for the nine month period ended
January 31, 2003, for the period from August 30, 2001
(inception) to January 31, 2002 and for the period from
August 30, 2001 (inception) to January 31, 2003 4
Statements of Operations for the three month period
ended January 31, 2003 and for the three months ended
January 31, 2002 5
Statements of Stockholders' Equity for the period
from August 30, 2001 (inception) to January 31, 2003 6
Statements of Cash Flows for the nine month period
ended January 31, 2003, for the period from August 30, 2001
(inception) through January 31, 2002 and for the period
from August 30, 2001 (inception) to January 31, 2003 7
Notes to Consolidated Financial Statements 8
Item 2. Management's Discussion and Analysis or Plan of Operation 10
Item 3 Controls and Procedures 13
PART II Other Information
Item 1. Legal Proceedings 14
Item 2 Changes in Securities and Use of Proceeds 14
Item 3 Defaults Upon Senior Securities 14
Item 4 Submission of Matters to a Vote of Security Holders 14
Item 5 Other Information 14
Item 6 Exhibits and Reports on Form 8-K 14
SIGNATURES 14
CERTIFICATIONS 15
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Consolidated Balance Sheet
January 31, April 30,
2003 2002
(Unaudited) (audited)
Assets
Current assets
Cash $ 5,820 $ 2,066
Amounts receivable 695 2,094
Prepaid expenses and other current
assets - 633
$ 6,515 $ 4,793
Liabilities and Stockholders' Deficiency
Current liabilities
Accounts payable and accrued
liabilities $ 250 $ 4
Accounts payable - related 31,973 90,227
Total current liabilities 32,223 90,231
Stockholders' deficiency
Share capital
Authorized
25,000,000 preferred shares with $0.001 par value
50,000,000 common shares with $0.001 par value
Issued
4,500,000 common shares 4,500 2,100
Additional paid-in capital 122,500 4,900
Deficit accumulated during the
development stage (152,708) (92,438)
Total stockholders' deficiency (25,708) (85,438)
$ 6,515 $ 4,793
The Accompanying Notes are an Integral
Part of These Financial Statements
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)
Period from Period from
August August
Nine Month 30, 2001 30, 2001
Period Ended (Inception)(Inception)
January 31, to January 31,to January 31,
2003 2002 2003 ,
Operating Expenses
Administration costs $5,460 $ 1,503 $ 6,782
Professional fees 13,310 - 13,310
Consulting 1,000 - 1,000
Rent and occupancy 13,500 6,000 24,000
Equipment rental 13,500 5,806 23,808
Software development costs 13,500 65,806 83,808
Total operating expenses 60,270 79,115 152,708
Net (Loss) (60,270)$(79,115) $ (152,708)
Net (loss) per share -
Basic and Diluted $ (0.01) $ (0.03) $ (0.05)
Weighted average shares
of common stock outstanding 4,391,304 2,100,000 3,316,154
The Accompanying Notes are an Integral
Part of These Financial Statements
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Consolidated Statements of Operations
(Unaudited)
Three Three
Month Month
Period Ended Period Ended
January 31, January 31,
2003 2002
Operating Expenses
Administration costs $ 2,510 $ 369
Professional fees 1,452 -
Rent and occupancy 4,500 4,500
Equipment rental 4,500 4,500
Software development costs 4,500 4,500
Total operating expenses 17,462 13,869
Net (Loss) $(17,462) $ (13,869)
Net (loss) per share -
Basic and Diluted $ - $(0.01)
Weighted average shares
of common stock outstanding 4,500,000 2,100,000
The Accompanying Notes are an Integral
Part of These Financial Statements
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Consolidated Statements of Stockholders' Deficiency
(Unaudited)
Common Stock Deficit
Additional Accumulated During
Number of Paid-in the Development
Shares Amount Capital Stage Total
Initial
capitalization
October, 2001 for cash 2,100,000 $2,100 $4,900 $ 7,000
Net (loss) (92,438) (92,438)
Balance as of
April 30, 2002 2,100,000 2,100 4,900 (92,438) (85,438)
Shares issued for:
Settlement of
accounts payable 1,200,000 1,200 58,800 60,000
Private placement 1,200,000 1,200 58,800 60,000
Net (loss) (60,270) (60,270)
Balance as of
January 31, 2003 4,500,000 $4,500 122,500 (152,708) (25,708)
The Accompanying Notes are an Integral
Part of These Financial Statements
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Consolidated Statements of Cash Flows
(Unaudited)
Period from Period from
Nine August August
Month 30, 2001 30, 2001
Period Ended (Inception) to(Inception)
January 31, to January 31, to January
2003 2002 31, 2003
Cash flows from operating activities
Net Loss $(60,270) $(79,115) $(152,708)
Changes in non-cash working
capital, net 4,024 74,877 91,528
(56,246) (4,238) (61,180)
Cash flows from financing activities
Proceeds from issuance of
common stock 60,000 7,000 67,000
60,000 7,000 67,000
Increase (decrease) in cash
in the period 3,754 2,762 5,820
Cash - beginning of period 2,066 - -
Cash - end of period $ 5,820 $ 2,762 $ 5,820
Supplementary cash flow information
Shares issued to settle
accounts payable - related $ 60,000 $ - $60,000
The Accompanying Notes are an Integral
Part of These Financial Statements
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Notes to Consolidated Financial Statements
(Unaudited)
NOTE 1: BASIS OF PRESENTATION
(a) Interim Financial Data
The accompanying unaudited consolidated financial
statements have been prepared in accordance with
generally accepted accounting principles for interim
financial information and the instructions to form 10-
QSB. Accordingly, they do not include all of the
information and footnotes required by generally accepted
accounting principles for complete financial statements.
All adjustments that, in the opinion of management, are
necessary for the fair presentation of the results of
operations for the interim periods have been made and are
of a recurring nature unless otherwise disclosed herein.
The results of operations for the nine month period ended
January 31, 2003 are not necessarily indicative of the
results that will be realized for a full year. For
further information, refer to the Company's audited
financial statements and notes thereto for the fiscal
year ended April 30, 2002.
(b) Going Concern
The financial statements have been presented on the basis
that the Company is a going concern, which contemplates
the realization of assets and the satisfaction of
liabilities in the normal course of business. The
Company reported a net loss of $152,708 since inception
to January 31, 2003. At January 31, 2003, the Company
had working capital deficiency of $25,708.
The Company will need additional working capital to be
successful in its planned development activity and to
service its current liabilities for the coming year, and,
therefore, continuation of the Company as a going concern
is dependent upon obtaining the additional working
capital necessary to accomplish its objective.
Management has developed a strategy, which it believes
will accomplish this objective, and is presently engaged
in seeking various sources of additional working capital
including equity funding through a private placement and
long term financing.
The financial statements do not include any adjustments to
reflect the possible future effects on the recoverability
and classification of assets or the amounts and
classifications of liabilities that may result from the
outcome of this uncertainty.
NOTE 2: COMMITMENT
Pursuant to a purchase agreement dated October 3, 2001, the
Company acquired computer software development costs for
the consideration of $60,000, and a royalty of 2% on the
net sales revenue of any product or service that uses all
or any portion of the software until the amount paid
totals $250,000, after which the royalty drops to 1%.
The royalty is payable quarterly following the first
commercial sale of products or services.
The software development costs were acquired from Danby
Technologies Corporation ("Danby"), a company controlled
by a majority shareholder, and was recorded at Danby's
historical cost base.
INFOTEC BUSINESS SYSTEMS, INC.
(A Development Stage Company)
Notes to Consolidated Financial Statements
(Unaudited )
NOTE 3: SHARE CAPITAL
a) The Company entered into a debt settlement agreement
om May 13, 2002 whereby it settled the $60,000 arising
from the purchase of software development costs by the
issuance of 1,200,000 common shares at a price of $0.05
per share.
b) The Company completed a Regulation "S" private
placement of 1,200,000 common shares at $0.05 per share
on May 14, 2002, resulting in proceeds to the Company of
$60,000.
NOTE 4: RELATED PARTY TRANSACTIONS
During the period, the Company entered into transactions
(recorded at exchange values) with related parties as
follows:
i) The Company engages Danby to provide a shared internet
enabled network system for deploying and testing, and to
provide professional staff to maintain implementation and
undertake development. In the nine month period to
January 31, 2003, the Company has incurred fees related
to systems rental aggregating $27,000.
ii) The Company rents its office premise from Danby at the
rate of $1,500 per month on a month to month basis. In
the nine month period to January 31, 2003, the Company
has incurred rental charges aggregating $13,500.
ii)Danby has agreed not to seek payment of the amount of
$26,425 currently due to them for fees charged or
chargeable under the terms of an engagement dated October
3, 2001, until March 31, 2003, unless the Company raises
substantial funds prior to that time.
iv) During the nine month period ended January 31, 2003,
the Company engaged a company controlled by a director to
provide marketing consulting services for $1,000.
NOTE 5: SUBSEQUENT EVENTS
a) The board of directors of the Company have approved a
six for one split in the Company's authorized and issued
capital stock effective March 18, 2003.
ITEM 2 Management's Discussion and Analysis or Plan of
Operation
General
Management's discussion and analysis or plan of
operation contains various forward looking statements
within the meaning of the Securities and Exchange Act of
1934. These statements consist of any statement other
than a recitation of historical fact and can be
identified by the use of forward looking terminology such
as "may," "expect," "anticipate," "estimates" or
"continue" or use of negative or other variations of
comparable terminology. We caution that these statements
are further qualified by important factors that could
cause actual results to differ materially from those
contained in our forward looking statements, that these
forward looking statements are necessarily speculative,
and there are certain risks and uncertainties that could
cause actual events or results to differ materially from
those referred to in our forward looking statements.
Overview
We are an early-stage company. Our business plan is to
develop and commercialize a system that provides
customers with remote access via the Internet to their
software applications and corporate data. We plan to
market our virtual office as a service to businesses in
the U.S. and Canada and to earn revenue from monthly
services fees, usage fees and consulting.
We acquired the prior development, designs and pilot
implementation of the virtual office system in October
2001. Since that time, we have continued to progress our
development plan focusing on additional testing of the
pilot implementation in a live business environment with
multiple users. Such testing provided a basis for
updated designs for a commercial virtual office system.
Since our last fiscal year end of April 30, 2002, we have
upgraded our pilot system to incorporate new pre-
commercial software and our designs and undertaken
internal testing. Our objective with these upgrades was
to provide better segregation of our customers' data, to
ensure privacy of our users activities, and to improve
administration of user identities and system permissions.
During the quarter, we completed informal testing of the
upgraded pilot internally and with companies who are
related parties. Our review confirms that our design and
implementation meets our objectives for client
segregation. We also continued to review implementation
approaches for our productivity applications and have
commenced the design plan for alternate approaches to
implementing the productivity applications in our system.
To date we have made some progress on the design and
documentation of a formal development plan for the
productivity applications. We expect to continue this
phase of development through the next quarter within our
current services agreement. While we are in development
of our full-featured virtual office system for use by the
general public, we can potentially exploit our technology
and underlying systems to offer custom developments and
system hosting. We have initiated limited contacts to
explore the potential for such services.
Our development and operating activities and our
ultimate progress has been restricted due to our limited
financial resources.
Results of Operations
We have not yet engaged in any revenue-producing
activities, nor are we a party to any binding agreements
that will generate revenues. For the period from
incorporation August 30, 2001 through April 30, 2002, we
incurred a deficit of $152,708. Our principal areas of
expenditure during the period were for prior development
costs of $60,000, rent and occupancy costs of $24,000,
system rental of $23,808, technical subcontracts of
$23,808 and professional fees of $13,310.
Our principal areas of expenditure during the three
month period ended January 31, 2003 were for occupancy
costs of $4,500, system rental of $4,500, technical
subcontracts of $4,500 and professional fees of $1,452.
For the nine month period ended January 31, 2003 our
principal areas of expenditure were for occupancy costs
of $13,500, system rental of $13,500, technical
subcontracts of $13,500 and professional fees of $13,310.
Liquidity and Capital Resources
As of January 31, 2003, we had an accumulated deficit of
$152,708 and cash in the bank of $5,820. We had a
working capital deficit at January 31, 2003 of $25,708.
The deficit was funded during the period from
incorporation through January 31, 2003 by proceeds from
the issuance of common shares ($67,000), conversion of
indebtedness to common shares ($60,000) and accounts
payable and amounts from related parties ($25,708).
Danby Technologies Corporation, a related party has
agreed not seek payment of $26,425 of the amounts due to
them at January 31, 2003 until March 31, 2003, unless we
raise substantial funds prior to that time. We are
required to raise additional funds to pay current
operating expenses and the costs of our development
program.
Plan of Operations
Our plan of operations for the following twelve month
period is to complete the following objectives, subject
to our obtaining funding for the development and
marketing of our virtual office system:
* Complete development of the virtual office system;
* Complete development of our internal systems;
* Complete development of our web and demonstration
site; and
* Market our virtual office system.
To accomplish our objectives, we will need to undertake
significant development work and will accordingly need to
hire additional employees, contractors and further,
engage consultants to enable us to undertake marketing.
Progress in development and the hiring of additional
staff is conditional upon our obtaining financing.
Our plan, as outlined above and as is more fully set out
in our prospectus filed with the Securities and Exchange
Commission and effective November 5, 2002, anticipates we
will spend $409,200 over the next twelve month period
pursuing our stated plan of operations. Subject to
funding, we anticipate that approximately $259,000 of
these expenditures would be spent within the next six
month period.
As at January 31, 2003 we had current assets of $6,515
and a working capital deficit of $25,708. Our current
position is insufficient to carry out our plan of
operations and complete our development program and, as
we will be unable to generate revenues until such time as
development is completed, we will require additional
financing in order to pursue our plan of operations and
our business plan.
Our financial plan requires us to seek additional
capital in the private and/or public equity markets.
This additional capital may be provided by the sale of
equity or debt securities, or through the issuance of
debt instruments. If we receive additional funds through
the issuance of equity securities, however, our existing
stockholders may experience significant dilution. If we
issue new securities, they may contain certain rights,
preferences or privileges that are senior to those of our
common stock. Moreover, we may not be successful in
obtaining additional financing when needed or on terms
favorable to our stockholders. As we have no commitments
from any third parties to provide additional equity or
debt funding, we cannot provide any assurance that we
will be successful in attaining such additional funding.
We have not yet engaged in any revenue-producing
activities, nor are we a party to any binding agreements
that will generate revenues. Due to our lack of revenue-
production to date, and our lack of contractual
commitments to generate revenue, there is no basis at
this time for investors to make an informed determination
as to the prospects for our future success. For similar
reasons, our auditors have included in their report
covering our financial statements for the period from
incorporation to April 30, 2002, that there is
substantial doubt about our ability to continue as a
going concern.
Product Research
Within our overall development budget and subject to
sufficient funding, we anticipate spending $92,500 over
the next twelve month period for product development to:
1.Complete Development of Virtual Office System
2.Complete Development of Our Network Infrastructure
3.Complete Development of Web and Demonstration Site
Property or Plant
To complete our infrastructure for commercial
operations, we estimate software licensing costs of
approximately $29,700 will be required. We also
anticipate that costs for the acquisition of additional
equipment, prepayments for high speed internet connection
services and other costs including fees for the
implementation of this infrastructure will be
approximately $62,000. These amounts are included in our
overall development budget and are subject to sufficient
funding.
Except to the extent required to complete the
development of the virtual office as noted above, we do
not expect to purchase or sell plant and significant
equipment in the next twelve months.
Employment
With funding, we expect our operations to grow to six
employees and contractors from our current level of 1
part time employee and 1 contracted person. The number
and positions of any new employees and contractors will
be determined by our financial position.
ITEM 3 Controls and Procedures
On February 28, 2003, our management concluded its
evaluation of the effectiveness of the design and
operation of the Company's disclosure controls and
procedures. As of the Evaluation Date, our Chief
Executive Officer and its Chief Financial Officer
concluded that we maintain disclosure controls and
procedures that are effective in providing reasonable
assurance that information required to be disclosed in
our reports under the Securities Act of 1934 (Exchange
Act) is recorded, processed, summarized and reported
within the time periods specified in the SEC's rules and
forms, and that such information is accumulated and
communicated to our management, including our Chief
Executive Officer and our Chief Financial Officer, as
appropriate, to allow timely decisions regarding required
disclosure. Our management necessarily applied its
judgment in assessing the costs and benefits of such
controls and procedures, which, by their nature, can
provide only reasonable assurance regarding management's
control objectives.
There have been no significant changes in our internal
controls or in other factors that could significantly
affect these controls subsequent to the Evaluation Date.
PART II OTHER INFORMATION
ITEM 1. Legal Proceedings
None
ITEM 2. Changes in Securities and Use of Proceeds
None
ITEM 3. Defaults Upon Senior Securities
None
ITEM 4. Submissions of Matters to a Vote of Security
Holders
None
ITEM 5. Other Information
None
ITEM 6. Exhibits and Reports on Form 8-K
(a) Index to Exhibits
Exhibits Description of Documents
99.1 Certification of Chief Executive Officer
99.2 Certification of Chief Financial Officer
(b) Reports on 8-K.
No reports on form 8-K were filed during the quarter ended January
31, 2003.
SIGNATURES
Pursuant to the requirements 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.
Infotec Business Systems, Inc.
(Registrant)
Date.......................................March 12,2003
By /s/Robert Danvers
(Robert Danvers, President, Director, CEO,
Chief Financial and Accounting Officer)
CERTIFICATION PURSUANT TO RULE 13A-14 OR 15D-14 OF THE SECURITIES
EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF
THE SARBANES-OXLEY ACT OF 2002
- ---------------------------------------------------------------
I, Robert Danvers, certify that:
1.I have reviewed this quarterly report on Form 10-QSB
of Infotec Business Systems, 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 in order 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 we 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 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; and
c) presented in this quarterly report our conclusions
about the effectiveness of the disclosure controls
and procedures based on our evaluation as of that
date;
5.The registrant's other certifying officers and I have
disclosed to the registrant's auditors and the audit
committee of registrant's board of directors (or
persons fulfilling the equivalent function):
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; and
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: March 12, 2003
______/s/ Robert Danvers___________________________
Robert Danvers, Chief Executive Officer
CERTIFICATION PURSUANT TO RULE 13A-14 OR 15D-14 OF THE
SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
- --------------------------------------------------------
I, Robert Danvers, certify that:
1.I have reviewed this quarterly report on Form 10-QSB
of Infotec Business Systems, 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 in order 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 we 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 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; and
c) presented in this quarterly report our conclusions
about the effectiveness of the disclosure controls
and procedures based on our evaluation as of that
date;
5.The registrant's other certifying officers and I have
disclosed to the registrant's auditors and the audit
committee of registrant's board of directors (or
persons fulfilling the equivalent function):
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; and
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: March 12, 2003
__/s/Robert Danvers_____________________________
Robert Danvers, Chief Financial Officer
EXHIBITS 99.1 and 99.2
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 accompanying quarterly report
of Infotec Business Systems, Inc. (the "Company") on Form 10-
QSB for the period ending January 31, 2003, as filed with the
Securities and Exchange commission on the date hereof (the "Re
port"), I, Robert Danvers, 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, to the best of my knowledge, that:
(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 fully
presents, in all material respects, the financial
condition and results of operations of the Company.
By: /s/ Robert Danvers
---------------------
Robert Danvers
Chief Executive Officer
March 12, 2003
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 accompanying quarterly report
of Infotec Business Systems, Inc. (the "Company") on Form 10-
QSB for the period ending January 31, 2003, as filed with the
Securities and Exchange commission on the date hereof (the "Re
port"), I, Robert Danvers, chief financial 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, to the best of my knowledge, that:
(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 fully
presents, in all material respects, the financial
condition and results of operations of the Company.
By: /s/ Robert Danvers
---------------------
Robert Danvers
Chief Financial Officer
March 12, 2003