U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-QSB
[X] Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934.
For the 3rd Quarter ended September 30, 2006.
OR
[ ] Transition report under Section 13 or 15(d) of the Securities Exchange
Act of 1934 for
the transition period from __________ to _________.
Commission File Number: 333-102555
INVICTA GROUP INC.
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)
Nevada 91-2051923
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
2400 East Commercial Blvd. Suite 618
Ft. Lauderdale, FL 33308
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
Registrant's telephone number, including area code: 954-771-0650
Securities Registered Pursuant to Section 12(b) of the Act:
Common Stock par value $.0001 per share
Securities Registered Pursuant to Section 12(g) of the Act: None
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 ___
Check if there is no disclosure of delinquent filers pursuant to Item 405 of
Regulation S-B is contained in this form, and no disclosure will be
contained, to the best of registrant's knowledge, in definitive proxy or
information statements incorporated by reference in Part III of this Form 10-
QSB or any amendment to this Form 10-QSB. [ X ]
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The aggregate market value of the Common Stock held by non-affiliates of the
Registrant, based upon the average of the closing bid and ask price of the
Common Stock on the OTC Bulletin Board system on November 2, 2006 of $.0007,
was approximately $640,000. Shares of Common Stock held by each officer and
director and by each person who may be deemed to be an affiliate have been
excluded.
The number of shares of common stock outstanding as of November 2, 2006 was
914,489,367.
BACKGROUND OF CORPORATION
Invicta Group Inc. is an Internet Media Company that offers a website known
as Travel Hot Link www.travelhotlink.com. Travel Hot Link has a database of
25 million travel enthusiasts seeking discounted travel products: cruise
vacations, airline tickets, hotel rooms car rentals, and packaged tours.
Travel hot Link offers Travel Suppliers a media to reach awareness of their
discounts. We offer advertisers a number of advertising options: a weekly
Email to a 10 million travel enthusiasts promoting 10 - 15 discounted travel
products; a Custom Email to 2 - 10M travel enthusiasts; Banner ads and
website listings to our website.
The company is in a competitive marketplace that has companies with more
experience, branded names, strong sales forces, and better technology to
reach the market.
Invicta Group Inc's history started on 7/15/2002 as a private travel company
that was specializing as an Airline Consolidator and Internet company selling
airline tickets; doing business as Don't Pay Full Fare. Invicta became a
public company in November 2003 and targeted an acquisition of an airline
consolidator company that had over 12 years experience and multiple European
airline contracts. The company was acquired in February 2004 and later found
the seller was not interested in fulfilling his 5 year employment contract
resulting in lost agreements with the company's largest airline suppliers.
Invicta decided to leave the slim margin business of Airline Consolidator in
April 2005 due to losses that could not be overcome.
Invicta management spent the balance of 2005 developing a new business plan
and began focusing on the Internet Media marketplace as the new frontier to
market travel products online. Today, Invicta Group Inc. acts as the holding
company of subsidiary Travel Hot Link.
The attached information is an overview of the companies operations and
financial status.
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INDEX TO FORM 10-QSB
Page No.
PART I
ITEM 1. Financial Statements 4
Balance Sheet 5
Statements of Operations 6
Statements of Cash Flows 7
Statement of Changes in Stockholders' Equity 8
Notes to Financial Statements 9
ITEM 2. Management's Discussion and Analysis 14
ITEM 3. Quantitative and Qualitative Disclosures on Market Risk 15
ITEM 4. Controls and Procedures 15
PART II
ITEM 1. Legal Proceedings 16
ITEM 2. Changes in Securities 16
ITEM 3. Defaults Upon Senior Securities 16
ITEM 4. Submission of Matters to a Vote of Security Holders 16
ITEM 5. Exhibits 16
Signatures 17
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PART I
ITEM 1. FINANCIAL STATEMENTS
4
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INVICTA GROUP INC.
CONSOLIDATED BALANCE SHEET
September 30, 2006
(UNAUDITED)
ASSETS
Current assets:
Cash and cash equivalents $ 625
Accounts receivable 35,314
-------------
Total current assets 35,939
Property and equipment, net of accumulated depreciation
of $43,591 19,730
Other assets:
Security Deposits 1,500
Advances to affiliates 35,945
Intangible assets, net of accumulated
amortization of $2,120 150,480
-------------
Total Assets $ 243,594
=============
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Notes payable and convertible debentures $ 653,024
Accounts payable and accrued liabilities 100,730
Accounts payable and accrued liabilities
- discontinued operations 698,230
Accrued expenses and other liabilities 409,950
Accrued compensation - related parties 192,339
-------------
Total current liabilities 2,054,273
Long-term debt
Notes Payable - shareholders 252,685
-------------
Total Liabilities 2,306,958
-------------
Shareholders' Equity (Deficit)
Preferred stock series B par value $1.00 175,000 shares
authorized; 175,000 issued and outstanding 175,000
Preferred stock series C par value $1.00 480,000 shares
authorized; 480,000 issued and outstanding 480,000
Common stock, par value $ .0001, 1,000,000,000 shares
authorized, 855,044,922 issued and outstanding 85,504
Additional paid in capital 3,613,046
Accumulated deficit (6,416,914)
-------------
Total Shareholders' equity ( deficit) (2,063,364)
-------------
Total Liabilities and Shareholders' Equity (deficit) $ 243,594
=============
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INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED)
Three Three
Months Ending Months Ending
September 30, September 30,
2005 2006
-------------- --------------
Revenues earned $ 16,608 $ 129,840
Selling, general, and administrative
expenses 130,876 159,918
-------------- --------------
Income (loss) from operations before
other income and expense (114,268) (30,078)
Other income and (expense)
Interest expense - related parties (4,750) (4,359)
Interest expense (6,616) (6,391)
-------------- --------------
Net income (loss) before provision for
income taxes (125,634) (40,828)
Provision for income taxes 0 0
-------------- --------------
Net income (loss) $ (125,634) $ (40,828)
============== ==============
Net income (loss) per share weighted
average share, basic and diluted ($0.001) ($0.000)
============== ==============
Weighted average shares outstanding,
basis and diluted 224,318,542 838,936,516
============== ==============
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INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF OPERATIONS
(UNAUDITED)
Nine Nine
Months Ending Months Ending
September 30, September 30,
2005 2006
-------------- --------------
Revenues earned $ 98,041 $ 206,601
Selling, general, and administrative
expenses 793,612 463,080
-------------- --------------
(Loss) from operations before other
income and expense (695,571) (256,479)
Other income and (expense)
Interest income 566 183
Interest expense - related parties (14,250) (13,475)
Interest expense (18,314) (13,871)
Sale of Intangible Assets 10,000
-------------- --------------
Net (loss) before provision for income
taxes (717,569) (283,642)
Provision for income taxes 0 0
-------------- --------------
Net loss $ (717,569) $ (283,642)
============== ==============
Net loss per share weighted average
share, basic and diluted ($0.004) ($0.000)
============== ==============
Weighted average shares outstanding,
basic and diluted 187,661,798 594,963,346
============== ==============
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INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
(UNAUDITED)
Nine Nine
Months Ending Months Ending
September 30, September 30,
2005 2006
-------------- --------------
Cash flows from operating activities:
Net income $ (717,569) $ (283,642)
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 5,625 5,625
Amortization 12,375 2,120
Stock issued for services 178,970 68,000
Database acquired in exchange for
accounts receivable (142,600)
Changes in assets and liabilities:
Accounts receivable and prepaid expenses 12,990 (71,258)
Other assets 30,294 (10,000)
Accounts payable & accrued liabilities 214,023 93,816
-------------- --------------
(263,292) (337,939)
-------------- --------------
Cash flows used in investing activities:
Capital asset expenditures (6,880) (7,029)
Cash flows used in financing activities:
Proceeds from long term debt 104,500 265,000
Proceeds from sale of common stock 181,937 123,900
Payments on long term debt (161,737) (42,010)
-------------- --------------
124,700 346,890
-------------- --------------
Net change in cash and cash equivalents (145,472) 1,922
Cash and cash equivalents, beginning of
period 145,472 (1,297)
-------------- --------------
Cash and cash equivalents, end of period $ - $ 625
============== ==============
Additional Cash Flow Information:
Cash paid during the period for:
Interest (non capitalized)
============== ==============
Income Taxes $ 0 $ 0
============== ==============
Non-Cash Activities:
============== ==============
Stock issued for deferred compensation
payable $ 175,000
============== ==============
Stock issued for payments on convertible
debentures $ 301,002
============== ==============
Preferred stock issued for deferred
compensation payable $ 150,000
==============
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INVICTA GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
UNAUDITED
NOTE A. BASIS OF PRESENTATION
The accompanying unaudited condensed consolidated financial statements have
been prepared in accordance with generally accepted accounting principles for
interim financial information and with the instructions to Form 10-Q and
Article 10 of Regulation S-X. Accordingly, they do not include all of the
information and footnotes required by generally accepted accounting
principles for complete financial statements. In the opinion of management,
all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included. Operating results for
the three month period ended September 30, 2006 are not necessarily
indicative of the results that may be expected for the year ended December
31, 2006.
For further information, refer to the consolidated financial statements and
footnotes thereto included in the Registrant Company and Subsidiaries' annual
report on Form 10-K for the year ended December 31, 2005.
NOTE B. REVENUE RECOGNITION
The Company recognizes revenue in accordance with Securities and Exchange
Commission Staff Accounting Bulletin No. 104, "Revenue Recognition." We
recognize advertising revenues in the period in which the ad is displayed.
The revenues are advertising revenues, consisting of fixed fees paid by
travel suppliers to advertise their discounted travel products on our
website: travelhotlink.com. The majority of revenues are derived from barter
exchanges.
NOTE C. GOING CONCERN
The Company's financial statements are prepared using the generally accepted
accounting principles applicable to a going concern, which contemplates the
realization of assets and liquidation of liabilities in the normal course of
business.
The Company has incurred losses of $6,416,000 since inception and the Company
had negative working capital of $2,015,000 at September 30, 2006. These
factors raise substantial doubt about the Company's ability to continue as a
going concern.
During the next 12 months, management believes that it will be able to
generate cash sufficient to support its operations. Management believes that
it can generate this cash and ultimately profits from advertising revenues on
its website travelhotlink.com. Travel Hot Link has no involvement with the
reservation; its revenues are generated from the Travel Supplier that
advertises its travel products online. It is estimated that Travel Hot Link
will reach a potential 40 million travel enthusiasts that are seeking travel
bargains online.
In addition to the assumption regarding increased revenues, in the 1st
quarter of 2006, the Company's management has raised $245,000 in equity
funding in 2006 from its securities purchase agreement with Golden Gate
Investors, Inc.
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INVICTA GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
UNAUDITED
Management feels that its increase revenues from its Travel Hot Link web-
site, its equity and financing plans will provide the working capital to
allow it to continue as a going concern, however, there can be no assurances
the Company will be successful in its efforts to secure additional equity
funding, financing or attain profitable operations. The accompanying
consolidated financial statements do not include any adjustments that might
result should the Company be unable to continue as a going concern.
NOTE D. CHANGES IN STOCKHOLDERS' (DEFICIT) FOR THE NINE MONTHS ENDED
SEPTEMBER 30, 2006
Common Stock Additional Paid
Shares Amount in Capital Deficit
-----------------------------------------------
Balance December 31, 2005 239,569,367 $ 23,957 $3,181,691 $(6,133,272)
Stock issued for cash 157,141,000 15,714 108,186
Stock issued for legal and
marketing services 67,779,000 6,778 61,222
Stock issued in exchange for
payment of convertible
debentures 390,555,555 39,055 261,947
Net loss for the nine months
ended September 30, 2006 (283,642)
-----------------------------------------------
Balance September 30, 2006 855,044,922 $ 85,504 $3,613,046 $(6,416,914)
===============================================
NOTE E. INCOME PER SHARE
Basic net loss per share was computed based on the weighted average shares of
common stock outstanding and excludes any potential dilution. Diluted net
loss per share reflects the potential dilution from the exercise or
conversion of all dilutive securities, such as convertible debentures, into
common stock and stock purchase options. The Company's outstanding
convertible debentures and options are not included in the computation of
basic or diluted net loss per share since they are anti-dilutive. At
September 30, 2006 potentially dilutive securities consist of convertible
debentures that could be converted into 450,000 common shares and options
that could be converted into 3,882,656 common shares.
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INVICTA GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
UNAUDITED
NOTE F. CUSTOMER DATABASE
The Company's customer database acquired for advertising and marketing is
being amortized over a 5-year period. The Company begins computing
amortization in the first month of the first quarter following the
acquisition of the customer database. At September 30, 2006 the Company
amortized expense of $2,120 for the 3rd quarter. The Customer Database is a
collection of Email addresses of Travel Enthusiasts that have Opted -In for
Emails to be sent to them via the Internet. The Company sends 10M Emails a
week promoting discounted travel products, to the database, that can be
purchased online via a link to the Travel Supplier's booking engine.
NOTE G. NOTES PAYABLE - SHAREHOLDERS
Note payable to shareholders, uncollateralized, payable on the first month
after the Company has received $1,000,000 in equity funding in monthly
installments of approximately $20,000. Invicta is in default on the payments
to shareholders due to a cash flow shortage. Shareholder recognizes default
status and will accept 7% interest on note from 1/2/05 until paid in full.
The Company plans to begin these payments as soon as the necessary cash flow
is available which management expects to be in 2006. Therefore, the entire
balance of $ 239,210 is classified as long-term debt for 2006 and $269,466
for 2005. Invicta owes seller of Airplan, Inc. $60,000, but does not intend
to pay due to termination of employment contract.
NOTE H. RELOCATION OF CORPORATE OFFICE
Effective May 1, 2006, the Company has moved its headquarters from its office
in Miami to a new office location in Ft. Lauderdale.
The Company will lease its office space under a five-year, non-cancelable
operating lease for approximately $3700 per month.
Obligations under the non-cancelable operating leases are as follow:
Year ending December 31,
2006 $ 11,100
2007 46,000
2008 48,400
2009 50,800
Thereafter 56,800
---------
$ 213,100
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INVICTA GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
UNAUDITED
NOTE I. STRATEGIC ALLIANCES
The company entered into 2 strategic alliances, in an effort to increase
revenues, profits and customer loyalty.
Effective July 1, the Company entered into an agreement with ZDirect, Inc. an
electronic customer relationship management company that creates profiles of
e-mail databases. The company database will be broken down via state and
personal interests (golfer, cruiser, gambler etc.). ZDirect will be managing
Travel Hot Link's Email database daily.
On July 11, the Company signed an agreement with IQWARE, Inc. IQWARE will be
a reseller of Travel Hot Link's internet media to the 500 hoteliers that use
the IQWARE software for i
NOTE J. DEFERRED COMPENSATION CONVERSION
Senior Management converted $150,000 of Deferred Compensation into 150,000
Preferred C Stock; valued at $1.00 per share. The total Preferred C Shares
issued has increased to 480,000 shares, effective 9/29/200
NOTE K. AMENDING AUTHORIZED SHARES
The Company announced that it was increasing its authorized common shares
from 1,000,000,000 to 5,000,000,000 effective September 14, 2006. The company
completed the necessary filings to amend the articles of incorporation, but
to date has not actually filed them with the state of Nevada.
NOTE L. CAPITAL TRANSACTIONS
Invicta Registered 100 million shares as S-8 stock on 7/18/2006. The stock
was issued to consultants for services and options. Invicta issued
238,833,333 shares in the 3rd Qtr: 108,333,333 were issued to Institutional
Investor for payment of $65,000; 128,500,000 were issued for $100,800 funding
and 2,000,000 shares were issued to Consultants. The average value of the
stock was $.0007. The total number of outstanding shares at 9/30/2006 was
855,044,922.Invicta issued 102,734,000 common shares in the 1st Quarter of
2006; 38,918,332 shares were issued for $40,500 consulting, 13,815,668 were
issued for professionals fees of $14,000 and 50 million shares were issued to
raise $43,000 equity funds at an average of $.0009. Invicta issued 2nd
Quarter shares totaling 273,988,222; 5 million were for Legal fees and the
balance were for payments of advanced equity funding at an average value of
$.0008. The total number of shares outstanding on 6/30/2006 were 616,211,589;
increased to 855,044,922 September 30,2006.
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INVICTA GROUP, INC.
NOTES TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2006
UNAUDITED
NOTE M. SUBSEQUENT EVENTS - LETTER OF INTENT TO ACQUIRE EMARKETING COMPANY
A letter of intent was signed October 30, 2006 for the Company to acquire an
EMarketing Company that is selling an Email database of 70 million addresses,
in exchange for 100,000 shares of Preferred D Stock.
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS
The following discussion and analysis should be read in conjunction with
Invicta Group's consolidated financial statements included in this report.
Results of Operations
Revenues
Revenues are advertising flat fees charged to travel suppliers for media
purchase on our website www.travelhotlink.com . The travel suppliers are
seeking a media for the last minute travelers that are seeking deep
discounts to motivate them to travel now; their goal is to advertise online
and receive a discounted rate for their perishable products (car rentals,
airline seats, hotels rooms, cruise cabins and packaged tours). Revenues for
the quarter ended September 30, 2006 were $129,840 compared to revenues of
$16,608 for the quarter ended September 30, 2005. The revenues in 2006 versus
2005 were generated from Internet Media Advertising vs. 2005 revenues were
from airline commissions. Revenues for nine months 2005 were $98,041 and nine
months 2006 were $206,601.
Expenses
The major components of expenses are general and administrative expenses. The
three months ended September 30, 2006 major expenses were: Payroll $66,335;
Internet design $27,907; Professional fees $35,301; the total G&A expenses
for the quarter were $163,759.
Net Profit/Net Losses
Net profit for the quarter ended September 30, 2006 was $(40,828); income per
share: ($0.000) compared to a net loss of ($125,634); loss per share ($0.001)
for the quarter ended September 30, 2005. The nine months losses were
($283,642); loss per share ($0.000 ) for June 30, 2006 and ($717,569): loss
per share ($0.004) for nine months 2005.
Airplan Inc Liability
Invicta has a liability to the seller of Airplan Inc, a subsidiary of
Invicta, totaling $400,000. The amount represents $340,000 for the purchase
and $60,000 shareholder loan that was on the Balance Sheet acquired. Invicta
does not plan to pay this liability due to the seller defaulting on a signed
5 year employment agreement causing the failure of the business. The seller
departed after 7 months, resulting in the loss of airline contracts that
represented over 50% of the companies revenue. Invicta has not heard from the
Seller and neither party has proceeded with any legal action to date.
Funding
3rd Quarter 2006, the Company received additional equity advances of $25,00;
and $100,800 from the sale of IVGA stock totaling 128,500,000 shares. Invicta
has received equity funding advances from an Institutional Investor totaling
$437,525 as of 9/30/2006: Prepaid Warrant balance is $215,498 and Debenture
balance is $222,027.
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Liquidity
September 30, 2006 and 2005, Invicta Group's current ratios were (.16%) and
(.065%) respectively. Invicta Group has not generated sufficient revenue in
any period, to carry its costs of operations. Invicta has derived its
liquidity principally from the sale of stock.
Common Stock Issued 2006
Invicta issued 102,734,000 common shares in the 1st Quarter of 2006;
38,918,332 shares were issued for $40,500 consulting, 13,815,668 were issued
for professionals fees of $14,000 and 50 million shares were issued to raise
$43,000 equity funds. Invicta issued 2nd Quarter shares totaling 273,988,222;
5 million were for Legal fees and the balance were for payments of advanced
equity funding. The total number of shares outstanding on 6/30/2006 were
616,211,589.
Invicta issued 238,833,333 shares in the 3rd Qtr: 108,333,333 were issued to
Institutional Investor for payment of $65,000; 128,500,000 were issued for
$100,800 funding and 2,000,000 shares were issued to Consultants. The total
number of outstanding shares at 9/30/2006 was 855,044,922.
Capital Resources
Invicta needs additional capital invested in the company to assure survival.
Invicta will need to increase revenues to a minimum of $45,000 per month to
have positive cash flow and assure survival. Invicta source of working
capital is generation of revenues form Travel Hot Link media sales and the
sale of common stock. Management estimates a $20,000 cash shortfall a month
for the next 6 months.
ITEM 3. QUANTITATIVE & QUALITATIVE DISCLOSURES ON MARKET RISKS
We do not have any material risk with respect to changes in foreign currency
exchange rates, commodities prices or interest rates. We do not believe that
we have any other relevant market risk with respect to the categories
intended to be discussed in this item of this report.
ITEM 4. CONTROLS AND PROCEDURES
Invicta Group's Chief Executive Officer and Chief Financial Officer, after
evaluating the effectiveness of Invicta Group's disclosure controls and
procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities
Exchange Act of 1934, as amended) as of December 31, 2005, (the "Evaluation
Date"), have concluded that, as of the Evaluation Date, Invicta Group's
disclosure controls and procedures were effective to ensure the timely
collection, evaluation, and disclosure of information relating to Invicta
Group that would potentially be subject to disclosure under the Securities
Exchange Act of 1934, as amended, and the rules and regulations promulgated
under the Act. There were no significant changes in Invicta Group's internal
controls or in other factors that could significantly affect the internal
controls subsequent to the Evaluation Date.
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PART II
ITEM 1. LEGAL PROCEEDINGS
None at this time
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
None at this time
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None at this time
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
Management approved that the Articles of Incorporation be amended from 1
Billion to 5 Billion shares on September 12, 2006. This was done without a
Shareholder Meeting as management controls 65.33% of the votes and did not
request a proxy from shareholders, under Nevada Statutes Section 78.315 and
78.320. The company filed a Definitive Proxy Statement with a Schedule 14C
Information Proxy Statement. Management has not notified the State of Nevada
regarding increasing shares as of November 6, 2006.
ITEM 5. OTHER INFORMATION
We hereby incorporate by reference the Registrant's Schedule 14C Definitive
Information Proxy Statement filed on September 25, 2006 and the Registrant's
Form 8-K that disclosed a Waiver of Meeting of the Shareholders filed on
September 14, 2006, both at SEC file no. 333-102555. See Part II, Item 4,
above.
ITEM 6. EXHIBITS
23.1 Consent of Accountant
31.1 Certification of Principal Executive Officer Pursuant to Rule 13a-14(a)
under the Securities Exchange Act of 1934
31.2 Certification of Principal Financial Officer Pursuant to Rule 13a-14(a)
under the Securities Exchange Act of 1934
32.1 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
32.2 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
INVICTA GROUP INC.
By: /s/ William G. Forhan
William G. Forhan
Chief Executive Officer and President
By: /s/ Richard David Scott
Richard David Scott
Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities and on the dates indicated.
SIGNATURE TITLE DATE
/s/ William G. Forhan Chief Executive Officer, November 14, 2006
William G. Forhan President and Director
/s/ Richard David Scott Chief Operating Officer, November 14, 2006
Richard David Scott Principal Accounting and
Financial Officer and Director
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