UNITED STATES
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 quarter ended - September 30, 2002
OR
[ ] 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 000-30769
TRIDENT SYSTEMS INTERNATIONAL INC.
(Name of Small Business Issuer in its charter)
Nevada 87-0419231
(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
3592 Route 22 West Whitehouse New Jersey 08888
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 53-1446
180 Newport Center Drive Suite 100 Newport Beach California 92660
_____________________
(Former name, former address and former fiscal year if changed
since last report).
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the securities Exchange Act of 1934 during
the preceding 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 [ ]
There were 7,270,876 shares of common stock outstanding having a par value of
$0.001 per share as of September 30, 2002.
Documents Incorporated by Reference
Certain exhibits listed in Item 6 of Part II have been incorporated by
reference. An index to Exhibits appears with Item 6.
THIS QUARTERLY REPORT CONTAINS STATEMENTS WHICH CONSTITUTE FORWARD LOOKING
STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995. THESE STATEMENTS APPEAR IN A NUMBER OF PLACES IN THIS QUARTERLY REPORT AND
INCLUDE STATEMENTS REGARDING THE INTENT, BELIEF OR CURRENT EXPECTATIONS OF THE
COMPANY, WITH RESPECT TO (I) THE COMPANY'S PRODUCT DEVELOPMENT AND FINANCING
PLANS, (II) TRENDS AFFECTING THE COMPANY'S FINANCIAL CONDITION OR RESULTS OF
OPERATIONS, (III) THE IMPACT OF COMPETITION AND (IV) THE EXPANSION OF CERTAIN
OPERATIONS. ANY SUCH FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE
PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, AND ACTUAL RESULTS MAY DIFFER
MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS AS A RESULT OF VARIOUS
FACTORS.
1
TRIDENT SYSTEMS INTERNATIONAL, INC.
FINANCIAL STATEMENTS AND AUDITOR'S REPORT
FOR THE QUARTER ENDED SEPTEMBER 30, 2002
CONTENTS PAGE
FINANCIAL STATEMENTS
REPORT OF INDEPENDENT
PUBLIC ACCOUNTANTS 3 (F2)
BALANCE SHEET 4 (F3)
STATEMENTS OF INCOME 5 (F4)
STATEMENT OF CHANGES IN
STOCKHOLDERS' EQUITY 6 (F5)
STATEMENTS OF CASH FLOWS 8 (F7)
NOTES TO FINANCIAL STATEMENTS 9 (F8)
2
JOSEPH TROCHE 32 Main Street
Certified Public Accountants Hastings on Hudson NY
10706
Member AICPA & NYSSCPA Telephone 914-478-1432
Fax 914-478-1475
Board of Directors
Trident Systems International, Inc.
RE: TRIDENT SYSTEMS INTERNATIONAL, INC.
REVIEW REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT
We have reviewed the accompanying balance sheet of Trident Systems
International, Inc., as of September 30, 2002, the statement of changes in
stockholders' equity for the three months ended September 30, 2002 and September
30, 2001, and the related statements of income and cash flows for the three
months periods ended September 30, 2002 and September 30, 2001, in accordance
with Statements on Standards for Accounting and Review Services issued by the
American Institute of Certified Public Accountants. All information included in
these financial statements is the representation of the management of Trident
Systems International, Inc.
A review consists principally of inquiries of Company personnel and analytical
procedures applied to financial data. It is substantially less in scope than an
audit in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with accounting principles generally accepted in the United States of
America.
/s/Joseph Troche, CPA
November 12, 2002
Joseph Troche, CPA
32 Main Street
Hastings on Hudson NY 10706
3 (F2)
TRIDENT SYSTEMS INTERNATIONAL, INC.
BALANCE SHEETS
September 30, 2002
CURRENT ASSETS
Cash $ -
Marketable Equity Securities -
Investment in Telcoenergy, LLC 6,830,430
Total Current Assets $ 6,830,430
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts Payable $ 52,231
Notes Payable Related Party 43,686
Total Current Liabilities 95,917
STOCKHOLDERS' EQUITY
Common Stock
50,000,000 shares authorized
at $0.001 par value; 7,270,876
shares issued and
outstanding at September 30, 2002 7,271
Preferred Stock-authorized
10,000,000 shares; par value $.001;
4,500,001 shares issued and
outstanding on September 30, 2002 4,501
Capital in excess of par value 11,132,191
Accumulated Deficit (4,409,450)
Total Stockholders' Equity 6,734,513
Total Liabilities and
Shareholders' Equity $ 6,830,430
The accompanying notes are an integral part of these financial statements.
4 (F3)
TRIDENT SYSTEMS INTERNATIONAL, INC.
STATEMENTS OF OPERATIONS
For the Quarters Ended September 30, 2002 and 2001
September 30,
2002 2001
REVENUES $ - $ 483,424
COST OF SALES - 357,164
GROSS PROFIT - 126,261
EXPENSES 1,406 417,029
NET LOSS FROM OPERATIONS
BEFORE TAXES (1,406) (290,768)
PROVISION FOR TAXES - -
Operating Loss of subsidiary (27,762)
NET LOSS (Operations) $(29,168) $(290,768)
Loss on Marketable Securities
Market Adjustment (1,651,776)
Loss on Discontinued Operations (1,500,000)
NET LOSS $(3,180,544)
NET LOSS PER COMMON SHARE
Basic $(0.481) $ (0.039)
Average Outstanding Shares
Basic 7,270,876 7,270,876
The accompanying notes are an integral part of these financial statements.
5 (F4)
TRIDENT SYSTEMS INTERNATIONAL, INC.
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Period: Quarter Ending September 30, 2002
Capital in
Common Stock Excess of Accumulated
(Shares) Amount Par Value Deficit
Balance December 31,
2000 2,512,296 $ 2,512 $433,409 $(451,971)
Issuance of shares for
Purchase of JBE
Electronics 1,500,000 1,500
Issuance of shares for
Purchase of eKomart,
Inc. 800,000 800
Issuance of shares for
Purchase of Sea
Hunt/Telco 400,000 400 8,702,808
Issuance of shares for
Purchase of Futronix 400,000 400
Issuance of shares to
Consultants 1,360,000 1,360
Issuance of shares to
Officer 500,000 500
Rescission of JBE
and eKomart (201,420) (201)
TOTAL 7,270,876 7,271
6 (F5)
TRIDENT SYSTEMS INTERNATIONAL, INC.
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Period: Quarter Ending September 30, 2002
(continued)
Preferred Shares:
Issuance of 3,000,000
Stock Purchase to
A. Sporn 3,001 1,996,974
Issuance of 1,000,000
for Subsidiary Purchase 1,500
Balance at December 31,
2001
Common Shares 7,270,876 7,271
Preferred Shares 4,000,000 4,501
Net Loss For
Fiscal Year 2001 (750,119)
Balance December 31,
2001 11,772 11,132,191 (1,202,090)
Net Loss For
Quarter Ended March
31, 2002 (26,416)
Net Loss For
Quarter Ended June
30, 2002 (3,180,544)
Balance September 30,
2002 11,772 11,132,191 (4,409,450)
Investment in Telcoenergy, LLC.:
Balance on Purchase: 8,358,192
Loss on Sea Hunt (1,500,000)
Profit(Loss) (27,762)
Balance December 31,
2001 6,830,430
The accompanying notes are an integral part of these financial statements.
7(F6)
TRIDENT SYSTEMS INTERNATIONAL, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
September 30,
2002 2001
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net income (Loss) $ (1,406) $ (290,890)
Adjustment to reconcile
net income to net cash
provided by operating
activities - 21,909
Accounts receivable -
net - 40,866
Accounts receivable -
factored - 11,797
Inventories - 25,915
Accounts payable - 12,506
Working capital
advance - 59,160
Other payable - (21,059)
- (139,795)
CASH FLOWS FROM
INVESTING ACTIVITIES
Security deposits - (3,877)
Marketable securities/
investment - (2,969,991)
Acquisition of
property and equipment - (1,322)
(2,975,189)
CASH FLOWS FROM
FINANCING ACTIVITIES
Capital contribution - -
Issuance of Preferred
Stocks - 3,000,000
Loans from shareholders 1,406 51,307
Accrued interest - (549)
Payments for
equipment loans - (15,749)
Payments for notes
and bank loans - (12,205)
1,406 3,087,804
INCREASE (DECREASE)
IN CASH - (27,181)
CASH BALANCE-
beginning - 391,333
CASH BALANCE-
3/31/01 - 364,152
The accompanying notes are an integral part of these financial statements.
8(F7)
TRIDENT SYSTEMS INTERNATIONAL, INC.
Notes to Financial Statements
1. ORGANIZATION AND BUSINESS
The Company was incorporated under the laws of the State of Utah on August 25,
1980 with authorized capital stock of 5,000,000 shares at $0.001 par value with
the name of "Business Ventures Corporation". On August 18, 1983 the Company's
name was changed to "Cherry Creek Gold Corporation" in connection with a merger
with a company of the same name and the authorized common stock was increased to
50,000,000 shares with the same par value. On December 30, 1994 the Company
changed its name to "Toner Systems International, Inc." and on February 9, 1998
changed its domicile to the State of Nevada.
On January 25, 2001 the Company changed its name to "Trident Systems
International, Inc."
On March 29, 2001 the Company filed amended articles authorizing 10,000,000
shares of preferred stock at a par value of $.001.
On March 2, 1998 the Company completed a reverse stock split of one common share
for 1,000 shares of outstanding stock and on January 26, 2001 a reverse stock
split of 1 share for each 4 outstanding shares. This report has been prepared
showing the name "Trident Systems International Inc." and after stock split
shares from inception.
Between January 24, 2001 and March 19, 2001, the Company purchased J.B.E.
Electronics, Inc., eKomart, Inc., Futronix, Inc., Sea Hunt, LLC. Telcoenergy.
LLC. The purchases of eKomart and J.B.E. were subsequently rescinded. In January
of 2002, and Sea Hunt ceased operations. Futronix is presently the subject of
litigation (see Note 5). The financial statements do not reflect the operation
of the rescinded transactions. Sea Hunt did not have any significant impact on
the financial position of the Company.
Currently, the operation of Telcoenergy, LLC. is the sole operation of the
Company.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounting Methods
The Company recognizes income and expenses based on the accrual method of
accounting.
Dividend Policy
The Company has not yet adopted a policy regarding payment of dividends.
Income Taxes
On September 30, 2002 the Company had a net operating loss carry forward of
$452,771. The Company has had a substantial change in its stockholders and the
loss carry forward will not be available for a carryover.
9(F8)
TRIDENT SYSTEMS INTERNATIONAL, INC.
Notes to Financial Statements
(Continued)
Basic and Diluted Net Income (Loss) Per Share
Basic net income (Loss) per share amounts are computed based on the weighted
average number of shares actually outstanding. Diluted net income (Loss) per
share amounts are computed using the weighted average number of common shares
and common equivalent shares outstanding as if shares had been issued on the
exercise of the preferred share rights unless the exercise becomes antidilutive
and then only the basic per share amounts are shown in the report.
Financial Instruments
The carrying amounts of financial instruments, including accounts payable, are
considered by management to be their estimated fair values.
Comprehensive Income
The Company adopted Statement of Financial Accounting Standards No. 130. The
adoption of this standard had no impact on the total stockholder's equity.
Recent Accounting Pronouncements
The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.
Estimates and Assumptions
Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.
3. RELATED PARTY TRANSACTIONS AND NOTE PAYABLE
The Director's Note is a non-interest bearing loan made to the Company in 2001.
The funds were utilized to provide cash flow for the Company and its
subsidiaries.
The President of the Company, Alan Sporn, was issued 3,000,000 preferred Voting
non-convertible shares in 2001 as consideration for an investment of $3,000,000
in marketable securities into the Company. The Marketable Securities were
revalued in July, 2001 to $1,999,975.
In January, 2001, the President, Mr. Sporn, received one preferred share
convertible into 20,000,000 common shares as an antidilutive measure.
The President of the Company purchased the Marketable Securities in September,
2002, at their fair market value of $348,199. The transaction was completed by
reducing the Notes payable by the equivalent amount. The loss in value of the
Securities was recorded as a loss in the Market Value of Marketable Securities.
10(F9)
TRIDENT SYSTEMS INTERNATIONAL, INC.
Notes to Financial Statements
(Continued)
4. GOING CONCERN
The Company has cash reserves to continue operations for the current year.
5. FUTRONIX PURCHASE
On March 19, 2001 the Company acquired the controlling interest in Futronix,
Inc. The terms of the transaction included the issuance of 400,000 common shares
of the Company and notes payable of $325,000 due in March through May 2001.
The legality purchase of Futronix is a matter before the Florida courts. The
former owners of Futronix have asserted that the transaction is void. Management
is of the opinion that the sale will be held as valid. However, the litigation
will likely be protracted. As a result, the operations of Futronix are not
included in the financial statements, and the shares paid for Futronix have not
been released. To date, $55,000 has been paid towards the purchase price.
6. SUBSEQUENT EVENTS
On October 17th, 2002 the Company acquired the controlling interest in
AAMPRO,Inc.
11(F10)
PART I.
Item 2. Description of Business and Management's Discussion
THE BUSINESS
Telcoenergy, LLC., the sole subsidiary of the Company, was formed in 2000 in the
state of Oklahoma. Through its subsidiary, OGC Pipelines, LLC.
Telcoenergy owns, maintains and leases gas pipeline easements, primarily in the
State of Oklahoma.
OGC has placed no book value on the physical pipelines that are buried in the
right-a-ways (easements). However, in light of a more favorable US energy plan
after September 11th, 2001, and higher natural gas prices, OGC plans to
reactivate certain key pipelines located where there is "shut in" gas
production.
The opportunity also exists for OGC to put under contract prime acreage that has
not been leased, because there are no active gas lines in the area.
Although extensive testing is still required, it appears that a significant
portion of the pipelines OGC plans to reactivate are in good physical condition.
Therefore, we expect to begin operations at a minimum cost, by charging a fee to
transport gas to neighboring low-pressure gathering systems. This avoids the
up-front expense of renting compressors, and installing taps into interstate
transmission lines. The key is to reactivate lines on an as-need basis in
coordination with the drilling activity in the area. OGC already owns the
right-of-ways, which is the hardest and most time consuming requirement to
building a gas gathering system. OGC can benefit from the strategic location of
its pipelines to develop, gather, transport and market underlying gas reserves.
The Company already owns the biggest cost item, which are the pipelines.
Unlike the activities in interstate gas transportation, GTM (gathering,
transport and marketing) activities are unregulated. They involve gathering
natural gas at the wellhead, processing it to extract higher-value natural gas
liquids (NGLs), and transporting the product to the interstate-pipeline grid for
delivery to end-users. The attributes of independent GTMs leave them singularly
well situated to capitalize on fluctuating commodity prices. Because federal law
expressly prohibits FERC regulation of intrastate gas gathering, GTMs can earn
higher returns than are available from interstate gas transportation, and they
can retain the cost savings generated as efficiently as possible. GTMs typically
have very low maintenance-capital requirements, resulting in substantial free
cash flow, and they often use percentage-of-proceeds contracts that enable them
to participate in commodity price movements.
Once the core GTM business is fully operational OGC plans combining certain
compatible natural gas assets and natural gas related businesses, to create an
environmentally conscious energy company. Technological breakthroughs in
production and end use have turned natural gas into a primary energy source in
this country. Natural gas is environmentally friendly. The Company plans to be
at the cutting edge of implementing new natural gas related technologies in its
business plan. By effecting gas swaps through the interstate gas pipeline
system, OGC can deliver its gas to strategic natural gas related technology
partners and end users nationwide. By pursuing a forward integration marketing
program OGC believes that it can sell energy at prices which should exceed what
the Company would otherwise earn selling its production on the spot market.
12
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
RESULTS OF OPERATIONS AND FINANCIAL CONDITIONS.
The following discussion should be read in conjunction with the information
contained in the Financial Statements of the Company, and the Notes thereto
appearing elsewhere herein, and in conjunction with the Balance Sheet at
December 31, 2001 and Income Statement for the year ended December 31, 2001
contained in the Company's Annual Report 10-KSB.
RESULTS OF OPERATIONS
The Financial data for the quarter ended September 30, 2001 reflect the purchase
of JBE Electronics in February, 2001, eKomart in late February, 2001, and
Futronix, Sea Hunt, and Telcoenergy in late March 2001.
The purchases of eKomart and JBE have since been rescinded, and any comparison
to the financial results of the first quarter of March 2002 would not be
meaningful.
The company had no sales revenues for the quarter ended September 30, 2001,
which showed revenues of $483,424. During this quarter, the Company was actively
seeking opportunities for growth through internally developing its pipeline
business as opposed to growth by acquisition. Management came to the conclusion
that it would devote its energies to the development of its current business,
and has spent the current quarter in planning for that growth.
Gross profit for the first quarter of 2001 were $126,621, as compared to $0 for
quarter ended September 30, 2002.
General and Administrative expenses were $417,029 for the quarter ended June 30,
2001, compared to $1,406 for the same period in 2002. This large decrease in
General and Administrative expenses for the period in 2002 is due
totally to the disposition of the subsidiaries through rescission of the
original purchase agreements.
The operating loss for the quarter ended June 30, 2002 was ($29,168) as compared
to an operating loss for the first quarter of 2001 of $290,768.
The net loss for the quarter ended June 30, 2002 was ($3,180,544), as compared
to a net loss for the first quarter of 2001 of ($290,768). This increase was due
to the write down of the market value of the marketable securities and the loss
due to discontinuing the Sea Hunt operations.
The pipeline operation entailed a loss of $27,762 on sales of $856.
LIQUIDITY AND CAPITAL RESOURCES.
The current cash and working capital position of the company will support
continuation of operations at current levels for the next year. However, plans
for the growth and development of the company's business will require the
infusion of approximately $2,000,000 to expand the pipeline operation.
If a significant portion of this is not raised, the company may have to curtail
some or all of its activities.
13
MATERIAL EVENTS:
Trident Systems International, Inc. (the "Company") was incorporated under the
laws of the State of Utah on August 25, 1980 under the name of Business Ventures
Corporation ("Ventures"), for the primary purpose of developing mining
properties and exploration for oil and gas. In August, 1983, Ventures merged
with Cherry Creek Gold Corporation and changed its name to Cherry Creek Gold
Corporation (Cherry Creek). Cherry Creek underwent a name change to Toner
Systems International Inc. (Toner)in 1994, and attempted to enter the toner
cartridge industry, which was subsequently abandoned.
On August 18, 1997 the shareholders of the Company authorized a change of
domicile of the Company to the State of Nevada by means of merger with and into
a Nevada corporation formed by the Company for this purpose.
In January, 2001, the Company changed its name to Trident Systems International,
Inc.
The Company, from January 24, 2001 to March, 2001 purchased J.B.E. Electronics,
Inc., eKomart, Inc., Futronix, Inc., Sea Hunt, LLC., Telcoenergy, LLC., and
Satellite Marine Services, Inc.
It was the intention of the Company to develop by acquisition a high technology
division as well as a division to acquire and grow traditional "brick and
mortar" type operations. The Company intended to use its shares as currency. for
both acquisition and funding of the acquired businesses. While certain of the
acquisitions, namely Telcoenergy, LLC. have, in the opinion of management, been
successful, various problems have arisen as to the other acquisitions. Because
of misrepresentation and omissions of material facts by management or affiliates
of Satellite Marine, the acquisition has been rescinded and all shares issued in
connection therewith have been canceled. The JBE and eKomart purchases were also
rescinded.
Sea Hunt, LLC. ceased operations at the end of 2001. It has been determined that
the company's operations could not be revived, so the terminal loss of
$1,500,000 was recorded on the books of Trident.
During the quarter, the President purchased the Marketable Securities at current
market price, thus stopping the eroding of the value of the assets. The asset
pool, due primarily to market conditions, had eroded from $1,999,975 in June of
2001 to approximately $348,000 in June of 2002. It currently appears that the
value will continue to erode over the next year, so the transaction was effected
to maximize the value of the assets in reducing debt owed to the President of
the Company.
The purchase was a cashless transaction, effected through the reduction in the
notes payable to the president.
Management has also expressed a concern that the price of its stock had been
adversely affected by significant and possibly unlawful short sales. Management
is currently planning legal action and sought legal counsel against those
involved in the short-selling of its stock. Management feels that the short
selling was directly responsible for the failure of the eKomart and JBE business
ventures and the retardation in the growth of Telcoenergy, LLC., as well as the
failure of the Sea Hunt business.
14
PART II.
OTHER INFORMATION
Item 1. Legal Proceedings.
The Company is currently not a party to any pending or threatened litigation of
a meritorious or material nature or that could result in a significant financial
impact, except as disclosed herein. From time to time the Company may be
involved in lawsuits in the normal course of its business, that do not have a
material impact upon the Company.
BrandAid Marketing Corporation (formerly known as Salient Cybertech, Inc.) is
currently attempting to obtain a declaratory judgment in Florida circuit court
to confirm its ownership of Futronix, Inc., and to thereby confirm the sale of
Futronix to Trident. Trident has currently taken no position with respect to
this law suit, but has, to date, awaited its outcome. To date Trident has
advanced $55,000 as against the said sale, and the shares issued to Salient are
being held back pending the resolution of this matter.
On April 27, 2001, the Company entered into a purchase and sale agreement to
purchase Satellite Marine Services, Inc. The transaction involved Satellite
Marine having $2,000,000 in its accounts. Satellite Marine did not have the
requisite funds, and, despite numerous representations by the management that
the funds were indeed a real asset of Satellite Marine's, no evidence of the
funds were ever forthcoming. As a result, the purchase was rescinded and the
matter has been referred to the U.S. Attorneys office for investigation.
The Company has currently commenced litigation against Satellite Marine, and its
owners for fraud and misrepresentation.
Item 2. Changes in Securities.
None.
Item 3. Defaults.
None.
Item 4. Submission Of Matters To A Vote Of Security Holders.
NONE.
Item 5. Other Information.
Item 6. Exhibits and Reports on Form 8-K
15
(a) Exhibits
1. Incorporated by reference: Quarterly and Annual Reports
on Form 10-QSB and 10-KSB, respectively, as filed with the
Securities and Exchange Commission pursuant to the Securities
and Exchange Act of 1934.
24.6 Consent of Registrant's Auditors
99.1 Certification of CEO and CAO Respecting Financial
Disclosure.
(b) Reports on Form 8-K
Report filed on Form 8-K dated October 23, 2002 reporting
the acquisition by the Company of acquired Professional Employer
Consulting Services, Inc.
(c) Other Filings Incorporated by Reference.
1. Form 10-SB12G, filed on June 8, 2000 registering the
common shares and preferred shares of Toner Systems
International, Inc. (the previous name of Trident).
2. Form 10-SB12G/A, filed on July 7, 2000, updating the
information in the original Form 10-SB12G filed on June
8, 2000.
16
Signatures
In accordance with the Exchange Act, the registrant caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.
Trident Systems International, Inc.
Dated: November 14, 2002
By: /s/ Stephen L. Farkas
-------------------------------
Stephen L. Farkas
President and CEO
17