U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 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 No. 333-61424
CACH FOODS, INC.
(Exact name of small business issuer as specified in its charter)
NEVADA 82-0505220
(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
5555 NORTH STAR RIDGE WAY
STAR, ID 83669
(Address of principal executive offices)
(866) 922-8073
(Issuer's telephone number)
Not Applicable
(Former name, address and fiscal year, if changed since last report)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for
such shorter period that the issuer 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 ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE
PRECEDING FIVE YEARS:
Check whether the registrant has filed all documents and reports required to be
filed by Sections 12, 13, or 15(d) of the Exchange Act subsequent to 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 classes of common
equity, as of March 31, 2003: 12,152,000 shares of common stock, par value
$0.001
Transitional Small Business Format: Yes [ ] No [ X ]
FORM 10-QSB
CACH FOODS, INC.
(A Development Stage Company)
INDEX
Page
PART I. Financial Information
Item 1. Unaudited Condensed Financial Statements 3
Unaudited Condensed Balance Sheets, March 31, 2003 and December
31, 2002 4
Unaudited Condensed Statements of Operations, for the three months
ended March 31, 2003 and 2002 and for the period from inception on
May 4, 1998 through March 31, 2003 5
Unaudited Condensed Statements of Cash Flows, for the three months
ended March 31, 2003 and 2002 and for the period from inception on
May 4, 1998 through March 31, 2003 6
Notes to Unaudited Condensed Financial Statements 7
Item 2. Management's Discussion and Analysis of Financial Condition or Plan
of Operation 11
Item 3. Controls and Procedures 13
PART II. . Other Information
Item 6. Exhibits and Reports on Form 8-K 13
Signatures 14
(Inapplicable items have been omitted)
2
PART I.
FINANCIAL INFORMATION
ITEM 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS
In the opinion of management, the accompanying unaudited financial statements
included in this Form 10-QSB reflect all adjustments (consisting only of normal
recurring accruals) necessary for a fair presentation of the results of
operations for the periods presented. The results of operations for the periods
presented are not necessarily indicative of the results to be expected for the
full year.
3
CACH FOODS, INC.
[A Development Stage Company]
UNAUDITED CONDENSED BALANCE SHEETS
ASSETS
March 31, December 31,
2003 2002
------------- --------------
CURRENT ASSETS:
Cash . . . . . . . . . . . . . . . $ 6,279 $ 14,137
------------- --------------
Total Current Assets . . . . . . 6,279 14,137
------------- --------------
$ 6,279 $ 14,137
============= ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable . . . . . . . . . $ 1,405 $ 20
Accounts payable - related party . 2,226 1,835
------------- --------------
Total Current Liabilities. . . 3,631 1,855
------------- --------------
STOCKHOLDERS' EQUITY:
Preferred stock $.001 par value,
5,000,000 shares authorized,
no shares issued and outstanding - -
Common stock, $.001 par value,
100,000,000 shares authorized,
12,152,000 shares issued and
outstanding. . . . . . . . . . . 12,152 12,152
Capital in excess of par value . . 51,057 51,057
Deficit accumulated during the
development stage. . . . . . . . (60,561) (50,927)
------------- --------------
Total Stockholders' Equity . . . 2,648 12,282
------------- --------------
$ 6,279 $ 14,137
============= ==============
Note: The balance sheet at December 31, 2002 was taken from the audited
financial statements at that date and condensed.
The accompanying notes are an integral part of these unaudited condensed
financial statements.
4
CACH FOODS, INC.
[A Development Stage Company]
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
For the Three From Inception
Months Ended on May 4,
March 31, 1998 through
------------------------- March 31,
2003 2002 2003
---------- ------------- --------------
REVENUE . . . . . . . . . . . $ - $ - $ -
---------- ------------- --------------
EXPENSES:
Selling . . . . . . . . . . 255 - 3,160
General and administrative. 9,379 15,904 57,266
---------- ------------- --------------
Total Expenses. . . . . . 9,634 15,904 60,426
---------- ------------- --------------
LOSS FROM OPERATIONS. . . . . (9,634) (15,904) (60,426)
---------- ------------- --------------
OTHER INCOME
(EXPENSE):
Interest income . . . . . . - - 46
Interest expense -
related party . . . . . . - (16) (181)
---------- ------------- --------------
Total Other Income
(Expense) . . . . . . . - (16) (135)
---------- ------------- --------------
LOSS BEFORE INCOME
TAXES . . . . . . . . . . . (9,634) (15,920) (60,561)
CURRENT TAX EXPENSE . . . . . - - -
DEFERRED TAX EXPENSE. . . . . - - -
---------- ------------- --------------
NET LOSS. . . . . . . . . . . $ (9,634) $ (15,920) $ (60,561)
========== ============= ===============
LOSS PER COMMON
SHARE . . . . . . . . . . . $ (.00) $ (.00) $ (.01)
========== ============= ===============
The accompanying notes are an integral part of these unaudited condensed
financial statements.
5
CACH FOODS, INC.
[A Development Stage Company]
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
For the Three From Inception
Months Ended on May 4,
March 31, 1998 through
------------------------- March 31,
2003 2002 2003
---------- ------------- --------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . $ (9,634) $ (15,920) $(60,561)
Adjustments to reconcile net loss to net cash provided
(used) by operating activities:
Stock issued for services rendered. . . . . . . . . . . . - - 1,000
Changes in assets and liabilities:
Increase (decrease) in accounts payable . . . . . . . . 1,385 (15,670) 1,405
Increase (decrease) in accounts payable - related party 391 - 2,226
Increase (decrease) in accrued interest payable -
related party . . . . . . . . . . . . . . . . . . . . - (165) -
---------- ------------- --------------
Net Cash (Used) by Operating Activities . . . . . . (7,858) (31,755) (55,930)
---------- ------------- --------------
CASH FLOWS FROM INVESTING ACTIVITIES. . . . . . . . . . . . . - - -
---------- ------------- --------------
Net Cash Provided (Used) by Investing Activities. . - - -
---------- ------------- --------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock. . . . . . . . . . . - 75,000 81,000
Payments for stock offering costs . . . . . . . . . . . . . - - (18,791)
Proceeds from note payable - related party. . . . . . . . . - - 2,000
Payments on note payable - related party. . . . . . . . . . - (2,000) (2,000)
Advances from related party . . . . . . . . . . . . . . . . - - 1,404
Repayments to related party . . . . . . . . . . . . . . . . - (1,404) (1,404)
---------- ------------- --------------
Net Cash Provided (Used) by Financing Activities. . - 71,596 62,209
---------- ------------- --------------
NET INCREASE (DECREASE) IN CASH . . . . . . . . . . . . . . . (7,858) 39,841 6,279
CASH AT BEGINNING OF THE PERIOD . . . . . . . . . . . . . . . 14,137 1,749 -
---------- ------------- --------------
CASH AT END OF THE PERIOD . . . . . . . . . . . . . . . . . . $ 6,279 $ 41,590 $ 6,279
---------- ------------- --------------
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest. . . . . . . . . . . . . . . . . . . . . . . . . $ - $ - $ -
Income taxes. . . . . . . . . . . . . . . . . . . . . . . $ - $ - $ -
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
For the period from inception on May 4, 1998 through March 31, 2003:
In April 2001, the Company issued 2,000 shares of common stock for
director's services valued at $1,000 or $.50 per share.
The accompanying notes are an integral part of these unaudited condensed
financial statements.
6
CACH FOODS, INC.
[A Development Stage Company]
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION - Cach Foods, Inc. ("the Company") was organized under the
laws of the State of Nevada on May 4, 1998 as Llebpmac, Inc. Effective
November 2, 2000, the Company changed its name from Llebpmac, Inc. to Cach
Foods, Inc. The Company plans to be a merchandiser of wholesale snack
foods. The Company has not commenced planned principal operations and is
considered a development stage company as defined in Statement of Financial
Accounting Standards No. 7. The Company has, at the present time, not paid
any dividends and any dividends that may be paid in the future will depend
upon the financial requirements of the Company and other relevant factors.
CONDENSED FINANCIAL STATEMENTS - The accompanying financial statements have
been prepared by the Company without audit. In the opinion of management,
all adjustments (which include only normal recurring adjustments) necessary
to present fairly the financial position, results of operations and cash
flows at March 31, 2003 and 2002 and for the periods then ended have been
made.
Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting
principles in the United States of America have been condensed or omitted.
It is suggested that these condensed financial statements be read in
conjunction with the financial statements and notes thereto included in the
Company's December 31, 2002 audited financial statements. The results of
operations for the periods ended March 31, 2003 and 2002 are not
necessarily indicative of the operating results for the full year.
CASH AND CASH EQUIVALENTS - The Company considers all highly liquid debt
investments purchased with a maturity of three months or less to be cash
equivalents.
ADVERTISING COSTS - Advertising costs, except for costs associated with
direct-response advertising, are charged to operations when incurred. The
costs of direct-response advertising are capitalized and amortized over the
period during which future benefits are expected to be received. During the
three months ended March 31, 2003 and 2002, advertising costs amounted to
$255 and $0, respectively.
LOSS PER SHARE - The computation of loss per share is based on the weighted
average number of shares outstanding during the period presented in
accordance with Statement of Financial Accounting Standards No. 128,
"Earnings Per Share".
ACCOUNTING ESTIMATES - The preparation of financial statements in
conformity with generally accepted accounting principles in the United
States of America requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, the disclosures
of contingent assets and liabilities at the date of the financial
statements, and the reported amount of revenues and expenses during the
reported period. Actual results could differ from those estimated.
RECENTLY ENACTED ACCOUNTING STANDARDS - Statement of Financial Accounting
Standards ("SFAS") No. 141, "Business Combinations", SFAS No. 142,
"Goodwill and Other Intangible Assets", SFAS No. 143, "Accounting for Asset
Retirement Obligations", SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets", SFAS No. 145, "Rescission of FASB
Statements No. 4, 44, and 64, Amendment of FASB Statement No. 13, and
Technical Corrections", SFAS No. 146, "Accounting for Costs Associated with
Exit or Disposal Activities", SFAS No. 147, "Acquisitions of Certain
Financial Institutions - an Amendment of FASB Statements No. 72 and 144 and
FASB Interpretation No. 9", and SFAS No. 148, "Accounting for Stock-Based
Compensation - Transition and Disclosure - an Amendment of FASB Statement
No. 123", were recently issued. SFAS No. 141, 142, 143, 144, 145, 146, 147
and 148 have no current applicability to the Company or their effect on the
financial statements would not have been significant.
7
CACH FOODS, INC.
[A Development Stage Company]
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [CONTINUED]
RESTATEMENT - In October 2000, the Company effected a 2-for-1 forward stock
split. The financial statements have been restated, for all periods
presented, to reflect this stock split [See Note 2].
RECLASSIFICATION - The financial statements for periods prior to March 31,
2003 have been reclassified to conform to the headings and classifications
used in the March 31, 2003 financial statements.
NOTE 2 - CAPITAL STOCK
PREFERRED STOCK - The Company has authorized 5,000,000 shares of preferred
stock, $.001 par value, with such rights, preferences and designations and
to be issued in such series as determined by the Board of Directors. No
shares were issued at March 31, 2003 and December 31, 2002.
COMMON STOCK - In May 1998, in connection with its organization, the
Company issued 2,000,000 shares of its previously authorized, but unissued
common stock. The shares were issued for cash of $1,000 or $.0005 per
share.
In September 2000, the Company issued 10,000,000 shares of its previously
authorized but unissued common stock. The shares were issued for cash of
$5,000 or $.0005 per share.
In April 2001, the Company issued 2,000 shares of its previously authorized
but unissued common stock. The shares were issued for director services
valued at $1,000 or $.50 per share.
In January 2002, the Company issued 150,000 shares of its previously
authorized but unissued common stock. The shares were issued for cash of
$75,000 or $.50 per share. Stock offering costs of $18,791 were offset
against the proceeds in capital in excess of par value.
STOCK SPLIT - On October 2, 2000, the Company effected a 2-for-1 forward
stock split. The financial statements for all periods presented have been
restated to reflect the stock split.
NOTE 3 - INCOME TAXES
The Company accounts for income taxes in accordance with Statement of
Financial Accounting Standards No. 109 "Accounting for Income Taxes". SFAS
No. 109 requires the Company to provide a net deferred tax asset/liability
equal to the expected future tax benefit/expense of temporary reporting
differences between book and tax accounting methods and any available
operating loss or tax credit carryforwards.
The Company has available at March 31, 2003, unused operating loss
carryforwards of approximately $60,600 which may be applied against future
taxable income and which expire in various years through 2023. The amount
of and ultimate realization of the benefits from the operating loss
carryforwards for income tax purposes is dependent, in part, upon the tax
laws in effect, the future earnings of the Company, and other future
events, the effects of which cannot be determined. Because of the
uncertainty surrounding the realization of the loss carryforwards, the
Company has established a valuation allowance equal to the tax effect of
the loss carryforwards and, therefore, no deferred tax asset has been
recognized for the loss carryforwards. The net deferred tax assets are
approximately $9,100 and $7,600 as of March 31, 2003 and December 31, 2002,
respectively, with an offsetting valuation allowance of the same amount,
resulting in a change in the valuation allowance of approximately $1,500
during the three months ended March 31, 2003.
8
CACH FOODS, INC.
[A Development Stage Company]
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 4 - RELATED PARTY TRANSACTIONS
ADVANCE PAYABLE - An officer/shareholder of the Company directly paid
expenses totaling $1,404 on behalf of the Company. During January, February
and March 2002, the Company repaid the advances.
NOTE PAYABLE - In March 2001, an officer/shareholder of the Company
advanced $2,000 to the Company as a note payable. The note was due March 5,
2002 and accrued interest at 10% per annum. In January 2002, the Company
repaid the note payable and the related accrued interest of $181.
LICENSING AGREEMENT - On October 10, 2000, the Company entered into a
licensing agreement with an officer/shareholder of the Company for
exclusive rights to use the brand name "Idaho Chips". The agreement is
cancelable after April 10, 2003 by either party giving three months written
notice to the other. The agreement requires payment of 5% of gross revenues
produced from use of the brand name to the officer/shareholder for 30
months. At that point, if total gross revenues from use of the brand name
are at least $500,000, the agreement will be renewed for an additional 12
months. The agreement will then be renewed for 12-month terms for each
successive 12-month period of $300,000 in gross revenues from use of the
brand name. The agreement is assignable only with prior written consent of
the licensor and the agreement states that selling or transferring more
than 50% of the outstanding stock constitutes an assignment.
MANAGEMENT COMPENSATION - On April 20, 2001, the Company issued 2,000
shares of common stock to directors for services valued at $1,000 or $.50
per share. During the three months ended March 31, 2003 and 2002,
respectively, the Company paid $6,572 and $3,188 to officers, directors or
entities controlled by them for services rendered. At March 31, 2003 and
December 31, 2002, respectively, the Company owed $1,626 and $1,835 to
officers, directors or entities controlled by them for services rendered.
OFFICE SPACE - On January 1, 2002, the Company signed a lease agreement
with an officer/shareholder of the Company. The Company leases office space
and equipment on a month-to-month basis for $200 per month. Total lease
costs for the three months ended March 31, 2003 and 2002 were $600 and
$600, respectively. At March 31, 2003 and December 31, 2002, respectively,
the Company owed $600 and $0 to the officer/shareholder for use of the
leased property.
NOTE 5 - GOING CONCERN
The accompanying financial statements have been prepared in conformity with
generally accepted accounting principles in the United States of America,
which contemplate continuation of the Company as a going concern. However,
the Company has incurred losses since its inception and has not yet
generated any revenues. These factors raise substantial doubt about the
ability of the Company to continue as a going concern. In this regard,
management is proposing to raise any necessary additional funds not
provided by operations through loans or through additional sales of its
common stock. There is no assurance that the Company will be successful in
raising this additional capital or in achieving profitable operations. The
financial statements do not include any adjustments that might result from
the outcome of these uncertainties.
9
CACH FOODS, INC.
[A Development Stage Company]
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
NOTE 6 - LOSS PER SHARE
The following data shows the amounts used in computing loss per share:
For the Three From Inception
Months Ended on May 4,
March 31, 1998 through
--------------------------- March 31,
2003 2002 2003
------------ ------------- --------------
Loss from operations available
to common shareholders
(numerator) . . . . . . . . . . $ (9,634) $ (15,920) $ (60,561)
------------ ------------- --------------
Weighted average number of
common shares outstanding
(denominator) . . . . . . . . . 12,152,000 12,110,333 7,049,063
------------ ------------- --------------
Dilutive loss per share was not presented, as the Company had no common
stock equivalent shares for all periods presented that would affect the
computation of diluted loss per share.
10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION OR PLAN OF
OPERATION
FORWARD-LOOKING STATEMENT NOTICE
When used in this report, the words "may," "will," "expect," "anticipate,"
"continue," "estimate," "project," "intend," and similar expressions are
intended to identify forward-looking statements within the meaning of Section
27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act
of 1934 regarding events, conditions, and financial trends that may affect the
Company's future plans of operations, business strategy, operating results, and
financial position. Persons reviewing this report are cautioned that any
forward-looking statements are not guarantees of future performance and are
subject to risks and uncertainties and that actual results may differ materially
from those included within the forward-looking statements as a result of various
factors. These factors include general economic factors and conditions that may
directly or indirectly impact the Company's financial condition or results of
operations. Such factors are discussed under Part I, Item 2, Management's
Discussion and Analysis of Financial Condition or Plan of Operations.
OUR HISTORY AND BUSINESS
We were formed as a Nevada corporation under the name Llebpmac, Inc. on May 4,
1998. We originally incorporated to open and operate a restaurant. From 1998
through early 2000 we conducted initial research but ultimately did not open the
restaurant. On October 2, 2000, our shareholders approved a two for one forward
split of our outstanding common stock and we changed our purpose to be a
wholesale snack food merchandiser. On November 1, 2000, we changed our name to
Cach Foods, Inc. to reflect our change in purpose. Our current business plan is
to market potato chips in Japan and other Asian markets under the Idaho Chips
trademark.
We do not own the Idaho Chips trademark. On October 10, 2000, we entered into a
license agreement with the owner of the Idaho Chips trademark, Mr. Cornelius A.
Hofman, our president and director. The license gives us the exclusive
worldwide use of the brand name Idaho Chips(TM) for a 30-month period through
April 10, 2003. In return for the use of the trademark, we will pay five
percent of our gross revenue to Mr. Hofman. We have been engaged in
negotiations to extend the license agreement, however, an extension has not been
finalized at the date of this report.
Cach Foods, Inc. became a public company on October 17, 2001. Since our initial
public offering, we have conducted research and explored design possibilities
for Idaho Chips(TM). We have also began the process of determining who will
manufacture and package our products, what products will be offered, how prices
will be set, which Japanese convenience stores to target and how to promote our
products to importers and distributors. Our initial focus will be on selling
Idaho Chips(TM) in the Japanese market through convenience stores. If demand
permits, we will expand production and sell Idaho Chips(TM) to larger
supermarkets as well other Asian countries. We intend to act as a wholesale
merchandiser by subcontracting the actual manufacturing, packaging, exporting
and selling of Idaho Chips(TM). If successful in the Japanese market, we will
increase the variety of snack foods we offer and expand to other Asian markets.
PLAN OF OPERATION
We will use a distribution channel comprised of intermediaries such as
suppliers, manufacturers, wholesalers, importers and distributors to bring our
products to market. During the past year, we have devoted a substantial potion
of our time and resources to identifying and establishing contacts with
potential manufacturers, suppliers and packagers. We have also been actively
engaged in establishing the Idaho Chips trademark in Asia through attending
11
trade shows and conventions and establishing relationships with international
importers and distributors. During the next 12 months, our officers and
directors will continue to allocate a substantial portion of their time to
developing contacts with suppliers, manufacturers, importers and distributors in
the United States and in Asia.
During the past 90 days, we have:
- Performed additional research on popcorn and potato chip manufacturing
opportunities in the United States.
- Performed additional research on packaging and design for our proposed
products.
- Continued to explore the possibility of developing a market in China
by gathering market data and arranging to have sample products
available to potential Chinese clients during the Chinese New Year
holiday.
RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2003 AND 2002
We have not generated any revenue since inception. We do not anticipate
generating any revenue until we begin producing potato chips and our marketing
and distribution networks are established. During the past 90 days we have
continued to implement our business plan by identifying and developing
relationships with manufacturers, importers, distributors and retailers.
Expenses for the three months ended March 31, 2003 were $9,634 consisting of
$255 in selling costs and $9,379 in general and administrative expenses.
General and administrative expenses primarily consisted of legal, accounting and
consulting fees. Operating expenses for the three months ended March 31, 2002
were $15,904 consisting entirely of general and administrative expenses. We
also had interest expense of $16 during the first three months of 2002.
As a result of our ongoing lack of revenue and continued operating expenses, we
realized a net loss of $9,634 during the three months ended March 31, 2003
compared to a net loss of $15,920 during the first three months of 2002.
Cumulative net loss from inception on May 4, 1998 through March 31, 2003 is
$60,561.
LIQUIDITY AND CAPITAL RESOURCES
At March 31, 2003 total current assets consisted of $6,279 in cash. Total
current liabilities during the same period were $3,631 consisting of $1,405 in
accounts payable to unrelated parties and $2,226 in accounts payable to officers
and directors or entities controlled by them for prior services. At December
31, 2002 our assets consisted of $14,137 in cash with liabilities $1,855
consisting of $20 in accounts payable to unrelated parties and $1,835 due to
officers and directors for services rendered.
We have no significant material commitments for capital expenditures during the
next twelve months and believe that we have sufficient cash on hand to meet our
anticipated expenses. Since we have not yet generated any revenues and have a
history of losses, our auditors have expressed substantial doubt about our
ability to continue as a going concern. We intend to continue implementing our
business plan, however, we cannot guarantee that we will be able to produce and
distribute any products or generate any revenue during the next twelve months.
If we require additional capital, we may sell common stock, seek advances from
officers or shareholders, or explore other debt financing strategies.
12
ITEM 3. CONTROLS AND PROCEDURES
Within the 90-day period prior to the date of this report, we evaluated the
effectiveness and operation of our disclosure controls and procedures pursuant
to Rule 13a-14 of the Securities Exchange Act of 1934. Based on that
evaluation, our Chief Executive Officer and Chief Financial Officer have
concluded that our disclosure controls and procedures are effective. There have
been no significant changes in internal controls or other factors that could
significantly affect internal controls subsequent to the date we carried out our
evaluation.
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
EXHIBIT NUMBER TITLE LOCATION
99.1 Certification of Chief Executive Officer pursuant to Attached
Section 302 of the Sarbanes- Oxley Act of 2002
99.2 Certification of Chief Financial Officer pursuant to Attached
Section 302 of the Sarbanes- Oxley Act of 2002
99.3 Certification of Chief Executive Officer pursuant to Attached
Section 906 of the Sarbanes- Oxley Act of 2002
99.4 Certification of Chief Financial Officer pursuant to Attached
Section 906 of the Sarbanes- Oxley Act of 2002
Reports on Form 8-K: No reports on Form 8-K were filed by the Company during
the quarter ended March 31, 2003
13
SIGNATURES
In accordance with the Exchange Act, the registrant caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
CACH FOODS, INC.
Date: April 30, 2003 /s/Cornelius A. Hofman
-------------------------
Cornelius A. Hofman
Chief Executive Officer
Date: April 30, 2003 /s/Kelly McBride
-------------------------
Kelly McBride
Chief Financial Officer
14