SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended November 30, 2006
File Number 000-51419
A SUPER DEAL.COM, INC.
------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)
Florida 20-1449410
----------------------------- --------------
(State or other Jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1016 CLEMONS STREET, SUITE 302
JUPITER, FLORIDA 33477
------------------------------------
(Address of principal executive offices)
(561) 880-0004
------------------------------------------------
(Registrant's telephone number, including area code)
Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15 (d) of the 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 [ ] No [ X ]
As of November 30, 2006 the issuer had 20,076,765 shares of common stock,
$.01 Par Value, outstanding.
Transitional Small Business Disclosure format: Yes [ ] No [ X ]
On March 3, 2005, A Super Deal.com, Inc. received Cusip Number: 00210R 10 6
On March 23, 2005, A Super Deal.com, Inc. received CIK Number: 0001321507
A SUPER DEAL.COM, INC. FORM 10-QSB NOVEMBER 30, 2006
A Development Stage Enterprise
INDEX
PAGE NO.
PART I FINANCIAL INFORMATION
ITEM 1 FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm.... 3
Balance Sheets:
November 30, 2006 and May 31, 2006 ....................... 4
Statements of Operations:
Six Months Ended November 30, 2006 and 2005 and from
Inception, March 1, 2004 through November 30, 2006 ....... 5
Statements of Operations:
Three Months Ended November 30, 2006 and 2005 ............ 6
Statement of Changes in Shareholders' Equity from
Inception March 1, 2004, through November 30, 2006 ....... 7
Statement of Cash Flows
Three Months Ended November 30, 2006 and 2005 and from
Inception March 1, 2004 through November 30, 2006 ........ 8
Notes to Financial Statements..............................10
ITEM 2 Management's Discussion and Analysis or Plan of Operation.....16
ITEM 3 Controls and Procedures.......................................22
PART II OTHER INFORMATION
ITEM 1 Legal Proceedings.............................................23
ITEM 2 Unregistered Sales of Equity Securities and Use of
Proceeds......................................................23
ITEM 3 Defaults Upon Senior Securities...............................23
ITEM 4 Submission of Matters to a Vote Of Security Holders ..........23
ITEM 5 Subsequent Events.............................................23
ITEM 6 Exhibits......................................................23
SIGNATURES AND CERTIFICATIONS........................................23
2
Wieseneck, Andres & Company, P.A.
Certified Public Accountants
772 U.S. Highway 1, Suite 100
North Palm Beach, Florida 33408
(561) 626-0400
Thomas B. Andres, C.P.A.*, C.V.A. FAX (561) 626-3453
Paul M. Wieseneck, C.P.A.
*Regulated by the State of Florida
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors and Stockholders
A Super Deal.com, Inc.
A Development Stage Enterprise
Jupiter, Florida
We have reviewed the accompanying balance sheets of A Super Deal.com, Inc., a
Development Stage Enterprise, as of November 30, 2006 and May 31, 2006, and the
related statements of operations for six month periods ended November 30, 2006
and 2005 and from Inception, March 1, 2004, through November 30, 2006, the
related statements of operations for three month periods ended November 30, 2006
and 2005, the statement of changes in stockholders' equity from March 1, 2004
through November 30, 2006 and the statement of cash flows for the six month
periods ended November 30, 2006 and 2005 and Inception, March 1, 2004 through
November 30, 2006. These financial statements are the responsibility of the
company's management.
We conducted our review in accordance with the standards established by the
Public Company Accounting Oversight Board (United States). A review of interim
financial information consists principally of applying analytical procedures
and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with standards of the Public Company Accounting Oversight Board (United States),
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 interim financial statements for them to be in
conformity with U.S. generally accepted accounting principles.
/s/Wieseneck, Andres & Company, P.A.
North Palm Beach, Florida
March 23, 2007
3
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
BALANCE SHEETS
(UNAUDITED)
NOVEMBER 30, 2006 MAY 31, 2006
------------- ------------
ASSETS
Current Assets
Cash and Cash Equivalents $ 483 $ 133
Inventory 12,000 12,000
Prepaid Expense - 5,000
Loan Receivable Related Parties 8,000 8,000
----------- -----------
Total Current Assets 20,483 25,133
----------- -----------
TOTAL ASSETS $ 20,483 $ 25,133
=========== ===========
LIABILITIES & STOCKHOLDERS' EQUITY
Liabilities
Current Liabilities
Accounts Payable $ 17,501 $ 13,952
Loans Payable 70 5,378
Shareholder Loans Payable - 25,782
----------- -----------
Total Current Liabilities 17,571 45,112
----------- -----------
Total Liabilities 17,571 45,112
----------- -----------
Stockholders' Equity
Common Stock $.01 par value:
100 million shares authorized;
Shares issued and outstanding:
20,076,765 at November 30, 2006
and 12,529,609 at May 31, 2006 200,768 125,297
Paid-in Capital 27,005 27,005
Deficit Accumulated during
the Development Stage (224,861) (172,281)
----------- -----------
Total Stockholders' Equity 2,912 (19,979)
----------- -----------
TOTAL LIABILITIES
& STOCKHOLDERS' EQUITY $ 20,483 $ 25,133
=========== ===========
Read accompanying summary of accounting policies, notes to
financial statements and independent accountants' review report.
4
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2006 AND 2005
AND FROM INCEPTION, MARCH 1, 2004, THROUGH NOVEMBER 30, 2006
(UNAUDITED)
INCEPTION
MARCH 1, 2004
THROUGH
2006 2005 NOVEMBER 30, 2006
------------ ------------ ------------
Revenues
Net Sales $ - $ - $ -
Cost of Sales - - -
------------ ------------ ------------
Gross Profit - - -
Operating Expenses
General and Administrative 51,764 56,156 203,428
Write Down of Inventory - 20,000 20,000
------------ ------------ ------------
Total Operating Expenses 51,764 76,156 223,428
------------ ------------ ------------
Loss from Operations (51,764) (76,156) (223,428)
Interest Expense 816 - 1,433
------------ ------------ ------------
Net Loss $ (52,580) $ (76,156) $ (224,861)
============ ============ ============
Basic and Diluted
Net Loss per Common Share $ (.003) $ (.011)
============ ============
Weighted Average Shares
Outstanding 15,541,937 6,400,142
============ ============
Read accompanying summary of accounting policies, notes to
financial statements and independent accountants' review report.
5
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
STATEMENTS OF OPERATIONS
FOR THE THREE MONTHS ENDED NOVEMBER 30, 2006 AND 2005
(UNAUDITED)
2006 2005
------------ ------------
Revenues
Net Sales $ - $ -
Cost of Sales - -
------------ ------------
Gross Profit - -
Operating Expenses
General and Administrative 17,785 15,636
Write Down of Inventory - 20,000
------------ ------------
Total Operating Expenses 17,785 35,636
------------ ------------
Loss from Operations (17,785) (35,636)
Interest Expense 341 -
------------ ------------
Net Loss $ (18,126) $ (35,636)
============ ============
Basic and Diluted
Net Loss per Common Share $ (.001) $ (.004)
============ ============
Weighted Average Shares
Outstanding 19,315,515 9,763,485
============ ============
Read accompanying summary of accounting policies, notes to
financial statements and independent accountants' review report.
6
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FROM INCEPTION, MARCH 1, 2004, THROUGH NOVEMBER 30, 2006
(UNAUDITED)
Number At Par Add'l Total
of Value Paid In Accumulated Stockholder
Shares $.01 Capital (Deficit) Equity
Balance, --------- -------- -------- --------- ---------
March 1, 2004 0 $ 0 $ 0 $ 0 $ 0
Issuance of Common
Stock to eCom eCom 1 - - - -
Cancellation of Common
Stock by eCom eCom (1) - - - -
Issuance of
Common Stock to
eCom eCom
Shareholders 499,503 4,995 (4,995) - -
Asset Distribution
from eCom eCom - - 32,000 - 32,000
Net Loss 2004 - - - (5) (5)
Sale of Common Stock
(See Note N) 2,500,000 25,000 - - 25,000
Net Loss 2005 - - - (41,408) (41,408)
Convert Related Party
Debt to Common
Stock (See Note O) 8,530,106 85,301 - - 85,301
Convert Professional
Fees to Common
Stock 1,000,000 10,000 - - 10,000
Net Loss 2006 - - - (130,868) (130,868)
Convert Related Party
Debt to Common Stock
(See Note N) 6,697,156 66,972 - - 66,972
Convert Professional
Fees to Common Stock 850,000 8,500 - - 8,500
Net Loss Year-to-Date - - - (52,580) (52,580)
---------- -------- -------- --------- ---------
Balance,
November 30, 2006 20,076,765 $200,768 $ 27,005 $(224,861) $ 2,912
========== ======== ======== ========= =========
Read accompanying summary of accounting policies, notes to financial statements
and independent accountants' review report.
7
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED NOVEMBER 30, 2006 AND 2005
AND FROM INCEPTION, MARCH 1, 2004, THROUGH NOVEMBER 30, 2006
(UNAUDITED)
INCEPTION
MARCH 1, 2004
THROUGH
2006 2005 NOVEMBER 30, 2006
---------- ---------- ----------
Cash Flows From Operating Activities
Cash received from customers $ - $ - $ -
Cash paid to suppliers of goods
and services (44,031) (8,257) (97,137)
Income taxes paid - - -
Interest paid - - -
Interest received - - -
---------- ---------- ----------
Net Cash Flows Used in
Operating Activities (44,031) (8,257) (97,137)
---------- ---------- ----------
Cash Flows From Investing Activities - - -
---------- ---------- ----------
Net Cash Flows Used in
Investing Activities - - -
Cash Flows From Financing Activities
Sale of Common Stock 75,471 - 100,471
Proceeds of loans from shareholders - - 51,024
Repayment of loans from shareholders (25,782) - (25,782)
Repayment of loans - related company (5,308) (13,000) (10,308)
Loans to related company - (3,000) (3,000)
---------- ---------- ----------
Net Cash Flows Provided By
(Used In) Financing Activities 44,381 (16,000) 97,620
---------- ---------- ----------
Net Increase / (Decrease) in Cash 350 (24,257) 483
Cash and Cash Equivalents at
Beginning of Period 133 25,427 0
---------- ---------- ----------
Cash and Cash Equivalents at
End of Period $ 483 $ 1,170 $ 483
========== ========== ==========
Read accompanying summary of accounting policies, notes to
financial statements and independent accountants' review report.
8
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
STATEMENTS OF CASH FLOWS
FOR THE SIX MONTHS ENDED
NOVEMBER 30, 2006 AND 2005
(UNAUDITED)
Reconciliation of Net Loss to Net Cash Flows Used in Operating Activities
2006 2005
------------ ------------
Net Income (Loss) $ (52,580) $ (76,156)
Add items not requiring outlay of cash:
Depreciation and amortization - 7
Convert related party debt to equity - 40,825
Write down of inventory - 20,000
Cash was increased by:
Decrease in prepaid assets 5,000 -
Increase in accounts payable 3,549 7,067
Cash was decreased by:
Decrease in accounts payable - -
Increase in prepaid assets - -
------------ ------------
Net Cash Flows Used in
Operating Activities $ (44,031) $ (8,257)
============ ============
Read accompanying summary of accounting policies, notes to
financial statements and independent accountants' review report.
9
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE A - HISTORY AND DESCRIPTION OF BUSINESS
A Super Deal.com's core business was the marketing of guaranteed authentic
hand-signed sports memorabilia.
Pursuant to SEC Staff Legal Bulletin No. 4, eCom decided to spin off A Super
Deal.com into an independent company in the belief that the independent company,
with a distinct business, would be better able to obtain necessary funding and
develop its business plans. On December 1, 2003, the Board of Directors of eCom
eCom.com, Inc., approved the spin-off of A Super Deal.com.
A Super Deal.com, Inc. (the "Company") was incorporated in the State of Florida
on March 1, 2004 as a wholly owned subsidiary of eCom eCom.com, Inc.
eCom eCom.com, Inc. spun off A Super Deal.com, Inc. on June 4, 2004.
The Company's main office is located at 1016 Clemons Street, Suite 302, Jupiter,
FL 33477. The telephone number is (561) 880-0004.
The Company does not have any off-balance sheet arrangements.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION, USE OF ESTIMATES
The Company maintains its accounts on the accrual basis of accounting. The
preparation of financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates.
REVENUE RECOGNITION
Product revenue is recognized when the product is shipped. Service revenue is
recognized when the service is complete. Dividends from investments are
recognized when declared payable by the underlying investment. Capital gains
and losses are recorded on the date of the sale of the investment.
CASH
Cash consists of deposits in banks and other financial institutions having
original maturities of less than ninety days.
ALLOWANCE FOR DOUBTFUL ACCOUNTS
It is the policy of management to review the outstanding accounts receivable at
each year end, as well as the bad debt write-offs experienced in the past, in
order to establish an allowance for doubtful accounts for uncollectible amounts.
DEPRECIATION
Property and equipment will be recorded at cost and depreciated over the
estimated useful lives of the related assets. Depreciation will be
computed using the straight-line method.
10
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
AMORTIZATION
The accounting for a recognized intangible asset acquired after June 30, 2001
is based on its useful life to the Company. If an intangible asset has a finite
life, but the precise length of that life is not known, that intangible asset
shall be amortized over management's best estimate of its useful life. An
intangible asset with a indefinite useful life is not amortized. The useful life
to an entity is the period over which the asset is expected to contribute
directly or indirectly to the future cash flows of that entity.
RECLASSIFICATION
Certain reclassifications have been made to the prior years financial
statements in order for them to be in conformity with the current years
presentation.
NOTE C - PREPAID EXPENSES
The Company has prepaid expenses of $0 and $5,000 at November 30, 2006 and May
31, 2006, respectively, which consist of professional consulting fees paid in
advance.
NOTE D - LOANS RECEIVABLE RELATED PARTIES
The loan receivable from a related party is non-interest bearing,
non-collateralized and due on demand.
NOTE E - DEVELOPMENT STAGE COMPANY
The Company has been and is currently in the development stage. It is the
intention of management to merge or acquire a company engaged in the insurance,
environmental, medical, or energy business.
NOTE F - INTANGIBLE ASSETS
Management has estimated that the useful life of certain intangible assets
is five (5) years. The Company amortizes intangible assets using the straight
line method over sixty (60) months. Management determined that the Intangible
Asset was fully impaired and wrote off the remaining balance in 2005.
NOTE G - INVENTORY
Inventories are valued at the lower of cost (first-in, first-out) or market.
Management estimated that the market value of inventory consisting of trading
cards decreased and, therefore, wrote down the carrying value of the cards by
$20,000 during the year ended May 31, 2006 to their estimated value of $12,000
in the current period.
NOTE H - SHAREHOLDER LOANS AND LOANS PAYABLE
The shareholder loans and loans payable are non-interest bearing, non-
collateralized, and due on demand.
11
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE I - INCOME TAXES
No provision for federal and state income taxes has been recorded because the
Company has incurred net operating losses since inception. The Company's net
operating loss carryforward as of November 30, 2006 totals approximately
$218,000. These carry forwards, which will be available to offset future
taxable income, expire beginning in 2024.
The Company accounts for income taxes in accordance with FASB Statement No.
109, Accounting for Income Taxes (FASB 109). Under FASB 109, income taxes are
provided for the tax effects of transactions reported in the financial
statements and consist of taxes currently due plus deferred taxes related to
certain income and expenses recognized in different periods for financial and
income tax reporting purposes. Deferred tax assets and liabilities represent
the future tax return consequences of those differences, which will either be
taxable or deductible when the assets and liabilities are recovered or settled.
Deferred taxes also are recognized for operating losses and tax credits that are
available to offset future taxable income and income taxes, respectively. A
valuation allowance is provided if it is more likely than not that some or all
of the deferred tax asset will not be realized. See Note J.
NOTE J - DEFERRED TAX ASSET
Deferred income taxes are provided for temporary differences between the
financial reporting and income tax basis of the Company's assets and
liabilities. Temporary differences, net operating loss carry forwards and
valuation allowances comprising the net deferred taxes on the balance sheets are
as follows:
NOVEMBER 30, 2006
Loss carry forward for tax purposes $ 218,000
===============
Deferred tax asset (34%) 74,120
Valuation allowance (74,120)
---------------
Net deferred tax asset $ -
===============
The Company does not believe that the realization of the related net deferred
tax asset meets the criteria required by generally accepted accounting
principles and, accordingly, the deferred income tax asset arising from such
loss carry forward has been fully reserved.
NOTE K - STOCKHOLDERS' EQUITY
The computation of diluted loss per share does not include shares from
potentially dilutive securities as the assumption of conversion or exercise of
these would have an antidilutive effect on loss per share. In accordance with
generally accepted accounting principles, diluted loss per share is calculated
using the same number of potential common shares as used in the computation of
loss per share before extraordinary items.
12
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE L - RELATED PARTY TRANSACTIONS
The Company has payables due to related company entities. eCom eCom.com, Inc. is
owed $70 for funds advanced to the Company for its operations.
The Company is allocated certain expenses such as rent, travel and office &
administrative that are paid on behalf of the Company by American Capital
Holdings, Inc., a company that is related to the Company by mutual stockholders
and Directors. The total of expenses allocated to the Company in the six months
ended November 30, 2006 is approximately $27,281. The amounts due to American
Capital were paid by the issuance of common stock at the end of the reporting
period.
NOTE M - RECENT ACCOUNTING PRONOUNCEMENTS
The FASB issued SFAS No. 150, Accounting for Certain Financial Instruments with
Characteristics of both Liabilities and Equity, and is effective for financial
instruments entered into after May 31, 2003. This Statement establishes
standards for how an issuer classifies and measures in its statement of
financial position certain financial instruments with characteristics of both
liabilities and equity. It requires that an issuer classify a financial
instrument that is within its scope as a liability because that financial
instrument embodies an obligation of the issuer.
Statement of Financial Accounting Standards No. 151, Inventory Costs, is an
amendment of ARB No. 43, Chapter 4 and is effective for inventory costs incurred
during fiscal years beginning after June 15, 2005. This statement amends ARB
43, Chapter 4, to clarify that abnormal amounts of idle facility expense,
freight, handling costs, and wasted materials (spoilage) should be recognized as
current-period charges. In addition, this Statement requires that allocation of
fixed production overheads to the costs of conversion be based on the normal
capacity of the production facilities.
Statement of Financial Accounting Standards No. 152, Accounting for Real Estate
Time-Sharing Transactions, is an amendment of FASB Statements No. 66 and 67.
Statement of Financial Accounting Standards No. 153, Exchanges of Nonmonetary
Assets, was issued in December 2004. The guidance in APB No. 29, Accounting for
Nonmonetary Transactions, is based on the principle that exchanges of
nonmonetary assets should be measured based on the fair value of the assets
exchanged. The guidance in that Opinion, however, included certain exceptions
to that principle. This Statement amends Opinion 29 to eliminate the exception
for nonmonetary exchanges of similar productive assets and replaces it with a
general exception for exchanges of nonmonetary assets that do not have
commercial substance. A nonmonetary exchange has commercial substance if the
future cash flows of the entity are expected to change significantly as a result
of the exchange.
13
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE M - RECENT ACCOUNTING PRONOUNCEMENTS - (CONTINUED)
Statement of Financial Accounting Standards No. 154, Accounting Changes and
Error Corrections, was issued in May 2005. This Statement requires
retrospective application to prior periods' financial statements of changes in
accounting principle, unless it is impracticable to determine either the
period-specific effects or the cumulative effect of the change. When it is
impracticable to determine the period-specific effects of an accounting change
on one or more individual prior periods presented, this Statement requires that
the new accounting principle be applied to the balances of assets and
liabilities as of the beginning of the earliest period for which retrospective
application is practicable and that a corresponding adjustment be made to the
opening balance of retained earnings (or other appropriate components of equity
or net assets in the statement of financial position) for that period rather
than being reported in an income statement. When it is impracticable to
determine the cumulative effect of applying a change in accounting principle to
all prior periods, this Statement requires that the new accounting principle be
applied as if it were adopted prospectively from the earliest date practicable.
This Statement requires that retrospective application of a change in accounting
principle be limited to the direct effects of the change. Indirect effects of a
change in accounting principle, such as a change in nondiscretionary
profit-sharing payments resulting from an accounting change, should be
recognized in the period of the accounting change. This Statement also requires
that a change in depreciation, amortization, or depletion method for long-lived,
nonfinancial assets be accounted for as a change in accounting estimate by a
change in accounting principle. This Statement carries forward without change
the guidance contained in Opinion 20 for reporting the correction of an error in
previously issued financial statements and a change in accounting estimate.
This Statement also carries forward the guidance in Opinion 20 requiring
justification of a change in accounting principle on the basis of preferability.
Statement of Financial Accounting Standards No. 155, Accounting for Certain
Hybrid Financial Instruments, was issued in February 2006. This Statement
permits fair value remeasurement for any hybrid financial instrument that
contains an embedded derivative that otherwise would require bifurcation;
clarifies which interest-only strips and principle-only strips are not subject
to the requirements of Statement 133; establishes a requirement to evaluate
interests in securitized financial assets to identify interests that are
freestanding derivatives or that are hybrid financial instruments that contain
an embedded derivative requiring bifurcation; clarifies that concentrations of
credit risk in the form of subordination are not embedded derivatives, and
amends Statement 140 to eliminate the prohibition on a qualifying
special-purpose entity from holding a derivative financial instrument that
pertains to a beneficial interest other than another derivative financial
instrument.
Statement of Financial Accounting Standards No. 156, Accounting for Servicing of
Financial Assets, was issued in March 2006. This Statement requires an entity
to recognize a servicing asset, a contract to service financial assets under
which the estimated future revenues from contractually specified servicing fees,
14
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
NOTES TO FINANCIAL STATEMENTS
NOTE M - RECENT ACCOUNTING PRONOUNCEMENTS - (CONTINUED)
late charges, and other ancillary revenues are expected to more than adequately
compensate the servicer for performing the servicing, or servicing liability, a
contract to service financial assets under which the estimated future revenues
from contractually specified servicing fees, late charges, and other ancillary
revenues are not expected to adequately compensate the servicer for performing
the servicing, each time it undertakes an obligation to service a financial
asset by entering into a servicing contract.
SFAS No's. 150, 151, 152, 153, 154, 155 and 156 were adopted by the company and
did not have a material effect on the Company's financial position or results of
operations.
NOTE N - COMMON STOCK
American Capital Holdings, Inc., a related company in that it was also a
company spun off from eCom eCom.com, Inc., acquired 2.5 million shares of A
Super Deal.com, Inc. common stock on May 31, 2005 for $25,000. American Capital
Holdings, Inc. distributed the 2.5 million common shares to its shareholders in
the form of a dividend. The 8,530,106 common shares distributed to American
Capital Holdings, Inc. as partial payment of its accounts payable during the
year ended May 31, 2006 were also distributed to the stockholders, prorata, of
American Capital Holdings on August 7, 2006. See note O. By definition, A Super
Deal.com, Inc. is not a wholly owned subsidiary of American Capital Holdings,
Inc. in that American Capital Holdings does not directly or indirectly own over
fifty (50) percent of the outstanding voting shares of A Super Deal.com, Inc.
NOTE O - SHAREHOLDER LOAN, RELATED COMPANY ACCOUNTS PAYABLE
The Company had a portion of its prior and current year's accounts payable such
as rent, administrative costs, tax preparation, SEC filing costs, etc. paid by a
related company, American Capital Holdings, Inc., for the benefit of A Super
Deal.com, Inc. The related company invoiced A Super Deal.com, Inc. for the
expenses it paid throughout the year on its behalf. In the year ended May 31,
2006, A Super Deal.com, Inc. reduced a portion of its outstanding accounts
payable to the related company by $85,302 by issuing the company 8,530,106
shares of its common voting shares. See Note N relating to the distribution of
these shares. An additional 5,306,275 shares of common stock were issued to the
related company in payment of accounts payable during the six months ended
November 30, 2006. The Company has an outstanding balance due to American
Capital Holdings, Inc. of $0 at November 30, 2006.
15
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
The following discussion should be read in conjunction with the accompanying
financial statements for the six month periods ended November 30, 2006 and 2005
and the Form 10-KSB for the fiscal year ended May 31, 2006.
Special Note Regarding Forward-Looking Statements
- -------------------------------------------------
Certain statements in this report and elsewhere (such as in other filings by the
Company with the Securities and Exchange Commission ("SEC"), press releases,
presentations by the Company of its management and oral statements) may
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks," "estimates," and
"should," and variations of these words and similar expressions, are intended to
identify these forward-looking statements. The company's actual results could
differ materially from those anticipated in these forward-looking statements.
Factors that might cause or contribute to such differences
include, among others, failure to complete a merger or acquisition with a
privately owned operating business that is generating substantial revenues,
success of the Company's business operations, failure to obtain sufficient
capital to fund those operations, and failure to meet the qualifications for
listing of the Company's stock on a major stock exchange. The Company
undertakes no obligation to publicly release the result of any revisions to
these forward-looking statements, which may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
History of Spin-Off Company:
On November 29, 2004 an involuntary petition was filed against eCom under
Chapter 11, Title 11 of the United States Bankruptcy Code in the United States
Southern District of Florida Bankruptcy Court in re: Case No. 04-35435-BKC-SHF.
On May 16, 2005 an Order was entered by the Honorable Judge Steven H. Friedman
whereby eCom entered into Chapter 11 proceedings. During this May 16, 2005
hearing, Judge Friedman ordered eCom ("the Debtor"), to retain outside legal
counsel to represent the Company in the aforementioned bankruptcy proceedings.
Judge Friedman also ordered the Debtor to file the appropriate bankruptcy
schedules by no later than June 5, 2005.
On June 2, 2005, based on (a) the February 28, 2005 legal opinion eCom obtained
from James C. Volpi, Esq.; (b) the prior SEC 8K filings (put in accession
acceptance numbers) by eCom concerning the spinoff of certain former subsidiary
companies of eCom; (c) the prior press releases issued by the former CEO of
eCom; (d) the May 16, 2005 Court Order entered by the Honorable Judge Steven H.
Friedman adjudicating eCom into Chapter 11 Bankruptcy proceedings, the acting
CEO of eCom, Richard C. Turner, caused the issuance of the spinoff shares (via
the administrative efforts of petitioning creditor American Capital Holdings,
Inc.) procured the necessary SEC CIK numbers as well as Standard & Poors Cusip
numbers and issued the common shares of the following below listed companies
with a shareholder record date of May 31, 2005.
16
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
No. Name of Subsidiary Company S&P Cusip No. SEC CIK No.
-------------- ----------------
1 American Environmental, Inc. (1) 628703 10 0 0001290785
2 Green Energy Group, Inc. (2) 74270Q 10 0 0001321500
3 Diamond Energy Partners, LP (3) 000303 10 7 0001321506
4 Click to Raffle.com (4) 00089Y 10 9 0001321499
5 Core Medical Group, Inc. (5) 869894 10 5 0001321510
6 CRT Holdings, Inc. (6) 90341K 10 4 0001321508
7 A Super Deal.com, Inc. 00210R 10 6 0001321507
8 eSecureSoft Company 296423 10 6 0001321511
(1) Name change filed with Florida Div. of Corporations on 11/02/05, formerly
known as MyZipSoft, Inc.
(2) Name change filed with Florida Div. of Corporations on 08/02/06, formerly
known as ProCard Corporation.
(3) Name change filed with Florida Div. of Corporations on 08/19/05, formerly
known as AAB National Company.
(4) Name change filed with Florida Div. of Corporations on 11/30/05, formerly
known as A Classified Ad, Inc.
(5) Name change filed with Florida Div. of Corporations on 08/03/06, formerly
known as Swap and Shop.net Corp.
(6) Name change filed with Florida Div. of Corporations on 11/30/05, formerly
known as USAS Digital Inc.
The legal basis for issuing these shares was Section 1107 of the Bankruptcy
Code whereby this section of the code places the debtor-in-possession in the
position of a fiduciary, with the rights and powers of a chapter 11 trustee,
and requires the performance of all but the investigative functions and duties
of a trustee. These duties are set forth in the Bankruptcy Code and Federal
Rules of Bankruptcy Procedure. 11 U.S.C. Section 1106, Section 1107. Such
powers and duties include protecting the assets of the estate, accounting for
property, examining, objecting and/or eliminating potential claims (which
potential claims were the case with the spin-off equity security holders who had
not received their shares as promised), and filing informational reports as
required by the court and the United States trustee, such as monthly operating
reports. The debtor-in-possession also has many of the other powers and duties
of a trustee including the right, with the court's approval, to employ
attorneys, accountants, appraisers, auctioneers, or other professional persons
to assist the debtor during its bankruptcy case. Other responsibilities include
filing tax returns and filing such reports as are necessary or as the court
orders after confirmation, such as a final accounting. The United States trustee
is responsible for monitoring the compliance of the debtor in possession with
the reporting requirements.
On June 2, 2005, as ordered by Judge Friedman on May 16, 2005, eCom filed its
Chapter 11 Bankruptcy schedules with the United States Southern District of
Florida Bankruptcy Court. A June 5, 2005 hearing was held in front of Judge
Steven H. Friedman regarding the pending motions for: (a) the approval of eCom's
bankruptcy legal counsel, Kluger, Peretz, Kaplan & Berlin, P.A.; (b) the
approval of Barney A. Richmond to become Chief Executive Officer of eCom; and
(c) the preliminary approval of One Hundred Thousand ($100,000) of Debtor-
17
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
In-Possession financing for eCom to be provided by petitioning creditor,
American Capital Holdings, Inc. On June 6, 2005, court orders were issued by
Judge Friedman approving the employment of Kluger, Peretz, Kaplan & Berlin, P.L
as eCom's bankruptcy legal counsel and the approval of Barney A. Richmond as
CEO of eCom. Copies of these June 6, 2005 court orders are attached herein as
Exhibit 99.1. A copy of the June 5, 2005 Court transcript is obtainable on
eCom's website under www.ecomecom.net under the section titled "Bankruptcy
News". On June 14, 2005, an Interim Order was entered on the Post Petition
$100,000 eCom Debtor-In-Possession financing provided by American Capital
Holdings, Inc., with the final hearing approval date being set for July 25,
2005. A copy of this June 14, 2005 Order is appended as Exhibit No. 99.2.
On July 8, 2005, eCom filed an 8K information statement with the United States
Securities & Exchange Commission ("SEC") listing the SEC CIK and Standard &
Poors' Cusip numbers on the former above referenced subsidiary spin-off
companies. On July 12, 2005 each of these spin-offs filed Form 10SBG12's with
the SEC.
On July 18, 2005 all of these above referenced companies received a letter from
the Securities and Exchange Commission asking each company to provide legal
analysis for the "spin-off" share issuance. A copy of this letter is enclosed
herein as Exhibit No. 99.3
On July 20, 2005, Debtor eCom filed a Motion To Limit Notice in the Southern
District of Florida Bankruptcy Court for permission to perfect notice to all
interested parties via the Company's website. On July 25, 2005 a Court Order
was entered by Judge Friedman granting this Motion To Limit Notice and the use
of electronic service to notice shareholders. A copy of this Motion and Order
is affixed herein as Exhibit No. 99.4.
On August 4, 2005 Judge Friedman issued: (a) an Order For Relief and Notice
of Section 341 Meeting of Creditors; (b) an Order Granting Debtor-in-
Possession's Motion For Authorization to: (II) Provide Electronic Service Upon
Equity Security Holders and (II) Utilize Executive Mail Service for Purposes of
Coordinating and Effectuating Service Upon Equity Security Holders; and (c) the
Final Order Authorizing Debtor-in-Possession Financing.
In an effort to give the SEC an answer regarding their request for detailed
clarification as to the legal analysis of the spin-off companies and to comply
with the request to withdraw each of the above referenced spin-off companies'
Form 10SBG12, on August 15, 2005 each spin-off company withdrew their respective
July 8, 2005 Form 10SBG12 filings. On August 15, 2005 Barney A. Richmond filed
a reply with the SEC regarding their July 18, 2005 correspondence. A copy of
Mr. Richmond's legal analysis is enclosed as Exhibit No. 99.5.
On May 3, 2006 the United States Trustee filed a Motion To Dismiss Case or
Convert Case to a Chapter 7. On May 5, 2005 the United States Trustee filed
a Notice of Hearing set for June 19, 2005. On June 13, 2006 a letter was
written to the United States Trustee's Office from Michael Yetnikoff, Esq.
of Schiff-Hardin L.P. The purpose of Mr. Yetnikoff's correspondence was to
request a thirty (30) day extension to this June 19, 2006 hearing to allow
the SEC the time to review eCom's proposed Reorganization Plan and Disclosure
Statement. Mr. Yetnikoff's firm represents petitioning creditors and Plan
18
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
Proponent, American Capital Holdings, Inc. During the period from July thru
August, 2006, the Debtor's attorney of Kluger, Peretz, Kaplin & Berlin and Mr.
Yetnikoff of Schiff-Hardin, LP were in frequent contact with the SEC offices in
Atlanta, Georgia regarding eCom's Joint Plan of Reorganization and Disclosure
Statement. On July 10, 2006, the Company's attorneys received written notice
from the SEC to leave the treatment of the eCom spinoff companies as is. On
August 25, 2006 the Joint Plan of Reorganization and Disclosure Statement was
filed by the Debtor, eCom and Petitioning Creditor American Capital Holdings,
Inc. On September 7, 2006 the SEC notified the eCom's and American Capital
Holdings, Inc's attorneys there were no unsatisfied comments regarding the
Plan and Disclosure Statement.
On December 28, 2006, an Order by the Honorable Judge Steven H. Friedman (I)
Approving Disclosure Statement; (II) Setting Hearing On Confirmation Of Plan;
(III) Setting Hearing on Fee Applications; (IV) Setting Various Deadlines; And
(V) Describing Plan Proponents Obligations. On January 3, 2007 an amended
Joint Plan of Reorganization and Disclosure Statement was filed by the Debtor,
eCom and Petitioning Creditor American Capital Holdings, Inc., which was also
reviewed by the SEC. A copy of the Amended Joint Plan of Reorganization and
Disclosure Statement can be viewed on the eCom November 30, 2006 Form 10QSB
filed on January 16, 2007, SEC accession number 0001000459-07-000001 Exhibits
99.1 and 99.2. All ballots and/or any objections regarding the Joint Plan of
Reorganization and Disclosure were due to be filed with the Bankruptcy Court by
March 2, 2007. A Confirmation Hearing And Hearing On Fee Applications has been
scheduled for March 12, 2007 @ 1:30 p.m. at the United States Bankruptcy Court,
Southern District of Florida, 1515 North Flagler Drive, Room 801, Courtroom B,
West Palm Beach, Florida 33401.
A transcript of the March 12, 2007 hearing is attached as Exhibit 99.6. As soon
as final orders are given by the bankruptcy court, they will posted on the eCom
website at www.ecomecom.net.
In an abundance of caution to avoid any bankruptcy solicitation rules and to
allow time to procure clarification/court approvals on eCom's Joint Plan of
Reorganization & Disclosure Statement, the Company (list each) withheld filing
its 10QSB filings for the quarterly periods of August 31, 2006 and November 30,
2006 until after the March 2, 2007 Deadline For Filing Ballots Accepting Or
Rejecting Plan. Additionally, as a result of the aforementioned bankruptcy
proceedings the Company has purposely postponed acquisition and funding
commitment discussions until after the March 12, 2007 hearing is completed.
The Company has had no recent revenues or earnings from operations. The Company
will sustain operating expenses without corresponding revenues. This will result
in the Company incurring net operating losses until the Company can realize
profits from the business ventures it intends to acquire.
The success of the Company's proposed plan of operation will depend primarily
on the success of the Company's business operations and the realization of the
business' perceived potential. The funding of this proposed plan will require
significant capital. There can be no assurance that the Company will be
successful or profitable if the Company is unable to raise the funds to provide
this capital, or to otherwise locate the required capital for the operations of
the business.
19
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
If, for any reason, the Company does not meet the qualifications for listing on
a major stock exchange, the Company's securities may be traded in the over-the-
counter ("OTC") market. The OTC market differs from national and regional stock
exchanges in that it (1) is not sited in a single location but operates through
communication of bids, offers and confirmations between broker-dealers and
(2)securities admitted to quotation are offered by one or more broker-dealers
rather than the "specialist" common to stock exchanges.
RESULTS OF OPERATIONS
- ---------------------
Comparison of the six months ended November 30, 2006 with the six months ended
November 30, 2005
- ------------------------------------------------------------------------------
Revenue for the six month periods ended November 30, 2006 and November 30, 2005
was $0.
Cost of sales, which includes depreciation expense, was $0 for both six month
periods.
Operating expenses for the six months ended November 30, 2006 totaled $(51,764)
compared to $(76,156) for the six months ended November 30, 2005. The primary
cause of the decline was a write-off of inventory during the prior year period
in the amount of $20,000. Other charges consisted of general and administrative
expenses which declined from the prior year period because costs associated with
bringing the Company current with certain administrative requirements, including
SEC filings, were greater during the prior year time period.
Interest expense in the current year period was $816 compared to $0 in the prior
year period.
As a result of the incurrence of the administrative expenses and interest
expense without the realization of revenues, the net loss for the six months
ended November 30, 2006 was $(52,580) versus a net loss of $(76,156) recorded in
the six months ended November 30, 2005.
Comparison of the three months ended November 30, 2006 with the three months
ended November 30, 2005
- ----------------------------------------------------------------------------
Revenue for the three month periods ended November 30, 2006 and November 30,
2005 was $0.
Cost of sales, which includes depreciation expense, was $0 for both three month
periods.
Operating expenses for the three months ended November 30, 2006 totaled
$(17,785) compared to $(35,636) for the three months ended November 30, 2005.
The $20,000 write-off of inventory in the prior year period accounted for most
of the decrease.
Interest expense in the current quarter was $341 compared to $0 in the prior
year quarter.
20
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
As a result of the incurrence of the administrative expenses and interest
expense without the realization of revenues, the net loss for the three months
ended November 30, 2006 was $(18,126) versus a net loss of $(35,636) recorded in
the three months ended November 30, 2005.
Liquidity and Capital Resources
- ---------------------------------------
Currently there is no trading market for the Company's common stock, and there
can be no assurance that any trading market will ever develop or, if such a
market does develop, that it will continue. As noted above, upon effectiveness
of a Registration Statement, the Company intends to apply to have its common
stock listed for trading on the American Stock Exchange. If, for any reason, the
Company does not meet the qualifications for listing on a major stock exchange,
the Company's securities may be traded in the over-the-counter ("OTC") market.
The Company continues to be reliant on the private sale of its restricted common
stock plus loans from stockholders and other related parties in order to fund
its operations.
ITEM 3. CONTROLS AND PROCEDURES
EVALUATION OF THE COMPANY'S DISCLOSURE CONTROLS AND INTERNAL CONTROLS:
Within the 90 days prior to the date of this Quarterly Report on Form 10-QSB,
the Company evaluated the effectiveness of the design and operation of its
'disclosure controls and procedures' ("Disclosure Controls"). This 'evaluation'
("Controls Evaluation") was done under the supervision and with the
participation of management, including the Chief Executive Officer/Chairman
("CEO") and Chief Financial Officer ("CFO"). As a result of this review, the
Company adopted guidelines concerning disclosure controls and the establishment
of a disclosure control committee made up of senior management.
LIMITATIONS ON THE EFFECTIVENESS OF CONTROLS:
The Company's management, including the CEO/CHAIRMAN and CFO, does not expect
that its Disclosure Controls or its 'internal controls and procedures for
financial reporting' ("Internal Controls") will prevent all error and all fraud.
Any control system, no matter how well conceived and managed, can provide only
reasonable assurance that the objectives of the control system are met. The
design of a control system must reflect the fact that there are resource
constraints, and the benefits of controls must be considered relative to their
costs. Because of the inherent limitations in all control systems, no evaluation
of controls can provide absolute assurance that all control issues and instances
of fraud, if any, within the Company have been detected. These inherent
limitations include the realities that judgments in decision-making can be
faulty, and that breakdowns can occur because of simple error or mistake.
Additionally, controls can be circumvented by the individual acts of some
persons, by collusion of two or more people, or by management override of the
control. The design of any system of controls also is based in part upon certain
assumptions about the likelihood of future events, and there can be no assurance
21
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
that any design will succeed in achieving its stated goals under all potential
future conditions; over time, control may become inadequate because of changes
in conditions, or the degree of compliance with the policies or procedures may
deteriorate. Because of the inherent limitations
in a cost-effective control system, misstatements due to error or fraud may
occur and not be detected.
CONCLUSIONS:
Based upon the Controls Evaluation, the CEO/Chairman and CFO have concluded
that, subject to the limitations noted above, the Disclosure Controls are
effective to timely alert management to material information relating to the
Company during the period when its periodic reports are being prepared.
In accordance with SEC requirements, the CEO/Chairman and CFO note that, since
the date of the Controls Evaluation to the date of this Quarterly Report, there
have been no significant changes in Internal Controls or in other factors that
could significantly affect Internal Controls, including any corrective actions
with regard to significant deficiencies and material weaknesses.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS.
The Company is not a party to any legal proceedings.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
None
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
None
ITEM 5. SUBSEQUENT EVENTS.
None
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
(a) Exhibits:
EXHIBIT
NUMBER DESCRIPTION
- -------- -------------------
31.1 Certification required under Section 302 of
the Sarbanes-Oxley Act of 2002 by the CEO
22
A SUPER DEAL.COM, INC.
A Development Stage Enterprise
31.2 Certification required under Section 302 of
the Sarbanes-Oxley Act 0f 2002 by the CFO
32 Section 1350 Certification
99.1 June 6, 2005 Court Orders issued by Judge Friedman approving
the employment of Kluger, Peretz, Kaplan & Berlin, P.L as
eCom's bankruptcy legal counsel and the approval of Barney A.
Richmond as CEO of eCom.
99.2 June 14, 2005 Interim Order for Post Petition $100,000 eCom Debtor-
In-Possession financing provided by American Capital Holdings.
99.3 July 18, 2005 letter from the Securities and Exchange Commission
asking A Super Deal to provide legal analysis for their "spin-off"
share issuance.
99.4 July 20, 2005, Motion for permission to perfect notice to
all interested parties via the eCom website, and the July 25, 2005
Court Order this Motion To Limit Notice and the use of electronic
service to notice shareholders
99.5 August 15, 2005 legal analysis from Barney A. Richmond filed in
response to the SEC July 18, 2005 letter.
99.6 Transcript of March 12, 2007 Confirmation Hearing of debtor eCom
eCom.com, Inc.
(b) Reports on Form 8-K:
None
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 hereunder duly authorized.
March 23, 2007 By: /s/ Barney A. Richmond
Barney A. Richmond,
Chief Executive Officer
March 23, 2007 By: /s/ Richard C. Turner
Richard C. Turner,
Chief Financial Officer
23
SIGNATURES AND CERTIFICATIONS
EXHIBIT 31.1
CERTIFICATION REQUIRED UNDER SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Barney A. Richmond, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of A SUPER DEAL.COM,
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 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 report;
3. Based on my knowledge, the financial statements, and other financial
information included in this 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 officer 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 is made known to us by others within the
company, particularly during the period in which this report is 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 report
(the "Evaluation Date"); and
c) presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures based on our evaluation as of the Evaluation
Date;
5. The registrant's other certifying officer and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing 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.
6. The registrant's other certifying officer and I have indicated in this 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 23, 2007
/s/ Barney A. Richmond
Barney A. Richmond
President 24
EXHIBIT 31.2
CERTIFICATION REQUIRED UNDER SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Richard C. Turner, certify that:
1. I have reviewed this quarterly report on Form 10-QSB of A SUPER DEAL.COM,
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 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 report;
3. Based on my knowledge, the financial statements, and other financial
information included in this 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 officer 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 is made known to us by others within the
company, particularly during the period in which this report is 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 report
(the "Evaluation Date"); and
c) presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures based on our evaluation as of the Evaluation
Date;
5. The registrant's other certifying officer and I have disclosed, based on our
most recent evaluation, to the registrant's auditors and the audit committee of
registrant's board of directors (or persons performing 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.
6. The registrant's other certifying officer and I have indicated in this 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 23, 2007
/s/ Richard C. Turner
Richard C. Turner
Chief Financial Officer
25
EXHIBIT 32
CERTIFICATIONS OF CEO AND CFO PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT
CERTIFICATION PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
(18 U.S.C. SECTION 1350)
In connection with the Registration Statement of A Super Deal.com, Inc., a
Florida corporation (the "Company"), on Form 10-QSB for the period ended
November 30, 2006 as filed with the Securities and Exchange Commission (the
"Report"), Barney A. Richmond, President of the Company, and Richard C. Turner,
Chief Financial Officer of the Company, respectively, do each hereby certify,
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C 1350, that
to his knowledge:
(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 fairly presents, in all material
respects, the financial condition and results of operations of the Company.
/s/ Barney A. Richmond
Barney A. Richmond
President
Date: March 23, 2007
/s/ Richard C. Turner
Richard C. Turner
Chief Financial Officer
Date: March 23, 2007
[A signed original of this written statement required by Section 906 has been
provided to A Super Deal.com, Inc. and will be retained by A Super Deal.com,
Inc. and furnished to the Securities and Exchange Commission or its staff upon
request.]
The Securities and Exchange Commission has not approved or disapproved of this
Form 10-QSB nor has it passed upon its accuracy or adequacy.
26