UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
AMENDMENT NO. 2
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
August 4, 2008 (May 15, 2008)
DATE OF AMENDMENT (DATE OF ORIGINAL REPORT)
HST Global, Inc.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
NEVADA
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(STATE OR OTHER JURISDICTION OF INCORPORATION)
000-15303 73-1215433
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(COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.)
150 Research Drive, Hampton, VA 23666
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
757-766-6100
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Registrant's telephone number, including area code:
NT Holding Corp.
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
AMENDMENT NO. 2
HST Global, Inc. (p.k.a. NT Holding Corp.) hereby amends its Current Report on
Form 8-K, originally filed May 15, 2008, by including the following Pro-Forma
financial Statements:
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements
- - HST Global, Inc. Pro Forma financial statements for the Quarter Ended March
31, 2008 (Unaudited).
- - HST Global, Inc. Pro Forma financial statements for the Year Ended December
31, 2007 (Unaudited).
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 hereunto duly authorized.
Dated: August 4, 2008 HST GLOBAL, INC.
(P.K.A. NT HOLDING CORP.)
(Registrant)
By: \s\ Ron Howell
--------------
Ron Howell
Chief Executive Officer
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
FINANCIAL STATEMENTS
TABLE OF CONTENTS
HST GLOBAL, INC. PRO FORMA FINANCIAL STATEMENTS FOR THE QUARTER ENDED MARCH 31,
2008 (UNAUDITED)
Consolidated Balance Sheets as of December 31, 2007. ...................F-2
Consolidated Statements of Operations for the quarter ended
March 31, 2008. ...................................................F-3
Consolidated Statements of Cash Flows for the quarter ended
March 31, 2008. ...................................................F-4
HST GLOBAL INC., PRO FORMA FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31,
2007 (UNAUDITED)
Consolidated Balance Sheets as of December 31, 2007. ...................F-5
Consolidated Statements of Operations for the year
ended December 31, 2007. ..........................................F-6
Consolidated Statements of Cash Flows for the year
ended December 31, 2007. ..........................................F-7
F-1
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Balance Sheets
March 31, 2008
MARCH 31,2008 DECEMBER 31, 2007
(Unaudited)
--------------- -------------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 187,215 $ 985
Accounts receivable 1,902,156 1,902,156
Inventories - -
Prepayments and other receivables - -
--------------- -------------------
Total Current Assets $ 2,089,371 $ 1,903,141
OTHER ASSETS:
Property, plant and equipment - -
Investment - Shell 25,000 -
Construction in progress - -
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Total Other Assets - -
--------------- -------------------
TOTAL ASSETS $ 2,114,371 $ 1,903,141
=============== ===================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 199,552 $ 107,531
Accounts payable - related parties 99,206 60,882
Other payables 1,700,000 1,700,000
Due to stockholders 65,000 44,000
Deferred revenue - -
Tax payable 346 -
Short-term loan 252,378 -
--------------- -------------------
Total Current Liabilities $ 2,316,482 $ 1,912,413
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LONG-TERM LIABILITIES
Long-term loan - -
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MINORITY INTEREST 179,402 179,402
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TOTAL LIABILITIES $ 2,495,884 $ 2,091,815
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COMMITMENTS AND CONTINGENCIES - -
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STOCKHOLDERS'
EQUITY (DEFICIENCY):
Preferred stock; 5,000,000 shares
authorized; $.001 parvalue;
0 shares issued and outstanding - -
Common stock, $.001 par value;
100,000,000 shares authorized;
25,839,203 shares issued and
outstanding at March 31, 2008
and December 31, 2007,
respectively $ 25,839 $ 25,839
Common stock of HSTI, no par value;
$1.00 stated value, 1,500 shares
authorized, 1,500 issued and
outstanding 1,500 1,500
Additional paid-in capital 859,061 859,061
Accumulated (deficit) (1,267,912) (1,075,074)
Accumulated other comprehensive income - -
--------------- -------------------
Total Stockholders' Equity
(Deficiency) $ (381,512) $ (188,674)
--------------- -------------------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/
(DEFICIT) $ 2,114,371 $ 1,903,141
=============== ===================
F-2
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Statement of Operations
March 31, 2008
THREE MONTHS ENDED
MARCH 31,
2008 2007
(UNAUDITED) (UNAUDITED)
------------ ------------
REVENUES $ - $ 5,288,050
COST OF SALES - 5,268,638
------------ ------------
GROSS PROFIT $ - $ 19,412
OPERATING EXPENSES:
Selling and distribution expenses $ - $ 1,657
Salaries 8,077 -
Consulting 65,000 -
General and administrative expenses 119,761 260,322
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TOTAL OPERATING EXPENSES $ 192,838 $ 261,979
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(LOSS) FROM CONTINUTING OPERATIONS $ (192,838) $ (242,567)
OTHER INCOME (EXPENSE)
Gain from liquidation of assets and liabilities - -
Interest expense - (102,173)
Other (expense) - (9,647)
------------ ------------
NET OTHER INCOME (EXPENSE) $ - $ (111,820)
(LOSS) FROM CONTINUTING OPERATIONS (192,838) (354,387)
TAX EXPENSE - 1,261
------------ ------------
(LOSS) AFTER TAXATION $ (192,838) $ (353,126)
MINORITY INTERESTS - 148,313
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NET (LOSS) $ (192,838) $ (204,813)
FOREIGN CURRENCY TRANSLATION - (5,973)
------------ ------------
NET (LOSS) $ (192,838) $ (210,786)
NET INCOME (LOSS) PER SHARE:
BASIC AND DILUTED - COMMON STOCK $ (0.01) $ (0.01)
NET INCOME (LOSS) PER SHARE:
BASIC AND DILUTED - COMMON STOCK OF HSTI $ (129) -
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED - COMMON STOCK 25,839,203 25,839,203
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED - COMMON STOCK OF HSTI 1,500 -
F-3
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Statement of Cash Flows
March 31, 2008
Three Months Ended
March 31,
2008 2007
(Unaudited) (Unaudited)
------------ ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ (192,838) $ (204,813)
Adjustments to reconcile net loss to net
cash used in operating activities:
Depreciation and amortization - 2,749,967
Minority interests - (148,313)
Changes in operations-assets and
liabilities net of acquisitions:
(Increase)/Decrease in accounts receivable - 1,162,870
(Increase)/Decrease in inventories - (1,061,009)
(Increase)/Decrease in other receivables
and prepayments - 707,738
Increase/(Decrease) in accounts payable
and accrued expenses 151,163 (2,604,070)
Increase/(Decrease) in other payables - (520,013)
Increase/(Decrease) in deferred revenues - (448,428)
Increase/(Decrease) in Loan Payable 252,560 -
Increase/(Decrease) in tax payable 346 92,863
------------ ------------
Total Adjustments $ 404,069 $ (68,395)
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Net Cash used in Operating Activities $ 211,231 $ (273,208)
------------ ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Decrease in construction in progress - 2,483,685
(Increase) in property, plant and equipment - (2,398,008)
Acquisition Cost (25,000)
------------ ------------
Net Cash used in Investing Activities $ (25,000) $ 85,677
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CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in short-term loan - 161,394
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Net cash provided by financing activities $ - $ 161,394
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NET INCREASE (DECREASE) IN CASH $ 186,231 $ (26,137)
EFFECT OF FOREIGN EXCHANGE RATE CHANGES - (5,973)
CASH AT BEGINNING PERIOD $ (985) $ 38,519
------------ ------------
CASH AT END OF PERIOD $ 187,216 $ 6,409
============ ============
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest $ - $ -
============ ============
Cash paid for income taxes $ - $ -
============ ============
Offset of debt for warrants exercised $ - $ -
============ ============
Common stock issued for liquidation of liabilities $ - $ -
============ ============
F-4
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Balance Sheets
December 31, 2007
December 31,
2007 2006
------------ --------------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 985 $ 38,519
Accounts receivable 1,902,156 3,243,645
Inventories - 2,899,177.00
Prepayments and other receivables - 3,542,300.00
------------ --------------
Total Current Assets $ 1,903,141 $ 9,723,641
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OTHER ASSETS:
Property, plant and equipment - $ 4,820,376
Investment - Shell -
Construction in progress - 6,569,495
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Total Other Assets - $ 11,389,871
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TOTAL ASSETS $ 1,903,141 $ 21,113,512
============ ==============
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 107,531 $ 6,692,621
Accounts payable - related parties 60,882
Other payables 1,700,000 4,516,603
Due to stockholders 44,000 10,000
Deferred revenue - 5,321,241
Tax payable - 271,192
Short-term loan - 1,384,911
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Total Current Liabilities $ 1,912,413 $ 18,196,568
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LONG-TERM LIABILITIES
Long-term loan - 307,417
------------ --------------
MINORITY INTEREST 179,402 3,314,481
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TOTAL LIABILITIES $ 2,091,815 $ 21,818,466
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COMMITMENTS AND CONTINGENCIES - -
------------ --------------
STOCKHOLDERS' EQUITY (DEFICIENCY):
Preferred stock; 5,000,000 shares
authorized; $.001 par value;
0 shares issued and outstanding - -
Common stock, $.001 par value;
100,000,000 shares authorized;
25,839,203 shares issued and
outstanding at March 31, 2008 and
December 31, 2007, respectively $ 25,839 $ 25,839
Common stock of HSTI, no par value;
$1.00 stated value, 1,500 shares
authorized1,500 issued and outstanding 1,500
Additional paid-in capital 859,061 859,061
Accumulated (deficit) (1,075,074) (1,781,025)
Accumulated other comprehensive income - 191,171.00
------------ --------------
Total Stockholders' Equity (Deficiency) $ (188,674) $ (704,954)
------------ --------------
TOTAL LIABILITIES AND STOCKHOLDERS'
EQUITY/(DEFICIT) $ 1,903,141 $ 21,113,512
============ ==============
F-5
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Statement of Operations
December 31, 2007
Twelve Months Ended
December 31,
2007 2006
------------ ------------
REVENUES $ - $ 9,891,094
COST OF SALES - 11,018,284
GROSS PROFIT/(LOSS) $ - $(1,127,190)
OPERATING EXPENSES:
Selling and distribution expenses $ - $ 18,434
Salaries 30,000 -
Consulting 30,000 -
General and administrative expenses 146,222 705,910
Impairment of goodwill 564,939
------------ ------------
TOTAL OPERATING EXPENSES $ 206,222 $ 1,289,283
------------ ------------
(LOSS) FROM CONTINUTING OPERATIONS $ (206,222) $(2,416,473)
------------ ------------
OTHER INCOME (EXPENSE)
Gain from liquidation of assets and liabilities - -
Interest expense - (153,703)
Other (expense) - 37,010
------------ ------------
NET OTHER INCOME (EXPENSE) $ - $ (116,693)
------------ ------------
(LOSS) FROM CONTINUTING OPERATIONS (206,222) (2,533,166)
TAX EXPENSE - 120,583
------------ ------------
(LOSS) AFTER TAXATION $ (206,222) $(2,412,583)
------------ ------------
MINORITY INTERESTS - 831,779
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DISCONTINUED OPERATIONS
Income/(Loss) from discontinued operations $ 210,786 $ (88,035)
Gain on disposal of subsidiary 10,000 1,027,026
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TOTAL INCOME FROM DISCONTINUED OPERATIONS $ 220,786 $ 938,991
------------ ------------
NET (LOSS) $ 14,564 $ (641,813)
============ ============
FOREIGN CURRENCY TRANSLATION - 191,171
============ ============
NET (LOSS) $ 14,564 $ (450,642)
============ ============
NET INCOME (LOSS) PER SHARE:
BASIC AND DILUTED - COMMON $ (0) $ (0.02)
============ ============
NET INCOME (LOSS) PER SHARE:
BASIC AND DILUTED - COMMON STOCK OF HSTI $ 9.71 -
============ ============
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED - COMMON 25,839,203 25,839,203
============ ============
WEIGHTED AVERAGE SHARES OUTSTANDING:
BASIC AND DILUTED - COMMON STOCK OF HSTI 1,500 -
============ ============
F-6
HST GLOBAL, INC.
(A DEVELOPMENT STAGE COMPANY)
Pro Forma Statement of Cash Flows
December 31, 2007
Twelve Months Ended
December 31,
2007 2006
---------- ------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) $ 14,564 $ (641,813)
Adjustments to reconcile net loss to net cash
used in operating activities:
Depreciation and amortization - 807,521
Impairment of goodwill 564,939
Gain from discontinued operations (220,786) (938,991)
Changes in operations assets and liabilities
from disposal of subsidiary (32,110)
Minority interests - (831,779)
Changes in operations-assets and liabilities
net of acquisitions:
(Increase)/Decrease in accounts receivable - (3,243,645)
(Increase)/Decrease in inventories - 788,953
(Increase)/Decrease in other receivables
and prepayments - 1,471,452
Increase/(Decrease) in accounts payable
and accrued expenses 161,063 1,083,535
Increase/(Decrease) in other payables - (1,163,452)
Increase/(Decrease) in deferred revenues - 1,411,290
Increase/(Decrease) in Loan Payable -
Increase/(Decrease) in tax payable (93,080)
Increase/(Decrease) in due to shareholders 44,000 (140,000)
---------- ------------
Total Adjustments $ (47,833) $ (283,257)
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Net Cash used in Operating Activities $ (33,269) $ (925,070)
---------- ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Increase in cash from acquisition of subsidiaries $ 618,692
(Decrease) in cash from disposal of subsidiaries (5,765) 618,692
Decrease in construction in progress - (259,480)
(Increase) in property, plant and equipment - (854,580)
Acquisition Cost
---------- ------------
Net Cash used in Investing Activities $ (5,765) $ 123,324
---------- ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in short-term loan - 1,163,366
Increase in long-term loan 7,251
Issuance of common stock for cash 1,500
---------- ------------
Net cash provided by financing activities $ 1,500 $ 1,170,617
---------- ------------
NET INCREASE (DECREASE) IN CASH $ (37,534) $ 368,871
EFFECT OF FOREIGN EXCHANGE RATE CHANGES - 191,171
CASH AT BEGINNING PERIOD $ 38,519 $ 97,169
---------- ------------
CASH AT END OF PERIOD $ 985 $ 657,211
========== ============
F-7
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest $ - $ -
========== ============
Cash paid for income taxes $ - $ -
========== ============
Offset of debt for warrants exercised $ - $ -
========== ============
Common stock issued for liquidation of liabilities $ - $ -
========== ============
F-8