SEC Info - Genesisintermedia Inc - ‘10QSB’ for 3/31/00

SEC Info℠

Home

Help

Please Sign In

Genesisintermedia Inc – ‘10QSB’ for 3/31/00

On: Monday, 5/15/00, at 4:44pm ET · For: 3/31/00 · Accession #: 890163-0-182 · File #: 1-15029

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/15/00  Genesisintermedia Inc             10QSB       3/31/00    3:193K                                   Starkey & Henricks/FA

Quarterly Report — Small Business — Form 10-QSB
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10QSB       Quarterly Report -- Small Business                    19     87K 
 2: EX-10       Agreement and Plan of Merger                          48    196K 
 3: EX-27       FDS -- Genesisintermedia.Com Inc.                      1      6K

10QSB — Quarterly Report — Small Business
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Change in Securities and Use of Proceeds Defaults Upon Senior Securities Exhibits and Reports on Form 8-K Financial Statements Legal Proceedings Legal Proceedings 16-17 Management's Discussion and Analysis of Financial Condition and Results of Operations Management's Discussion and Analysis of Financial Condition and Results of Operations 10-15 Other Information Submission of Matters to a Vote of Security Holders
1	1st Page - Filing Submission
2	Item 1. Financial Statements
"	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 10-15
"	Item 1. Legal Proceedings 16-17
11	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
17	Item 1. Legal Proceedings
19	Item 2. Change in Securities and Use of Proceeds
"	Item 3. Defaults Upon Senior Securities
"	Item 4. Submission of Matters to a Vote of Security Holders
"	Item 5. Other Information
"	Item 6. Exhibits and Reports on Form 8-K

10QSB 1st Page of 19 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 FORM 10-QSB
(Mark One)                                                                    

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE  
ACT OF 1934                                                   

 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2000

[  ]     TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT        

For the transition period from ________________ to _______________

                                                     001-15029
                                                      (Commission file number)

 GENESISINTERMEDIA.COM, INC.
 (Exact name of small business issuer as specified in its charter)

       DELAWARE                                           95-4710370
(State or other jurisdiction                                (IRS Employer 
of incorporation or organization)                          Identification No.)

5805 SEPULVEDA BOULEVARD, VAN NUYS, CA 91411
(Address of principal executive offices)

(818) 902-4100
 (Issuer's telephone number)

(Former name, former address and former fiscal year,
if changed since last report) 

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 [ ]        

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common
equity. As of May 15, 2000 - 5,415,000 shares of Common Stock                   

Transitional Small Business Disclosure Format (check one):  Yes [   ]   No [X]  

10QSB 2nd Page of 19 TOC 1st Previous Next ↓Bottom Just 2nd
 GENESISINTERMEDIA.COM, INC.
 INDEX

                                                                        Page
                                                                        Number

PART I.    FINANCIAL INFORMATION                                                

Item 1.    Financial Statements                                                 

        Condensed Consolidated Balance Sheet as of March 31, 2000      2-3

Condensed Consolidated Statements of Operations for       
       the three months ended March 31, 2000 and 1999                  4

Condensed Consolidated Statements of Cash Flows for       
       the three months ended March 31, 2000 and 1999                  5

        Notes to Condensed Consolidated Financial Statements           6-9

Item 2.    Management's Discussion and Analysis of Financial Condition          
         and Results of Operations                                     10-15

Part II.   OTHER INFORMATION                                                    

Item 1.    Legal Proceedings                                             16-17  

Item 2.    Change in Securities and Use of Proceeds                       18    

Item 3.    Defaults Upon Senior Securities                                18    

Item 4.    Submission of Matters to a Vote of Security Holders            18    

Item 5.    Other Information                                              18    

Item 6.    Exhibits and Reports on Form 8-K                               18    

SIGNATURES                                                                18    

Part III.  EXHIBITS                                                             

1 

10QSB 3rd Page of 19 TOC 1st Previous Next ↓Bottom Just 3rd
PART I.    FINANCIAL INFORMATION                                                

Item 1.    Financial Statements                                                 

GENESISINTERMEDIA.COM, INC.                                                     
CONDENSED CONSOLIDATED BALANCE SHEET                                            
AS OF MARCH 31, 2000                                                            
(unaudited)                                                                     

                                                                [Download Table]

                                                  
ASSETS                                            

CURRENT ASSETS                                    
  Cash and cash equivalents          $     350,425
  Accounts receivable, net               2,926,644
  Inventories                              637,319
  Prepaid advertising                    2,279,966
  Advances receivable                    1,166,981
  Deposits and other prepaid assets      2,622,461
                                     -------------

TOTAL CURRENT ASSETS                     9,983,796

PROPERTY AND EQUIPMENT, NET             17,982,003
CUSTOMER LISTS                           2,388,210
GOODWILL, NET                              403,173
OTHER ASSETS                               773,533
                                     -------------

TOTAL ASSETS                         $  31,530,715
                                     =============

2 

10QSB 4th Page of 19 TOC 1st Previous Next ↓Bottom Just 4th
GENESISINTERMEDIA.COM, INC.                                                     
CONDENSED CONSOLIDATED BALANCE SHEET (CONTINUED)                                
AS OF MARCH 31, 2000                                                            
(unaudited)                                                                     

                                                        [Enlarge/Download Table]

LIABILITIES AND STOCKHOLDERS' EQUITY                                                    

                                                                                        
CURRENT LIABILITIES                                                                     
  Current portion of notes payable                                         $    571,041 
  Current portion of capital lease obligations                                  314,487 
  Line of credit                                                              1,301,735 
  Accounts payable                                                            5,200,376 
  Accrued payroll taxes                                                       1,746,722 
  Other accrued liabilities                                                     692,761 
  Income taxes payable                                                           65,000 
                                                                           ------------ 

TOTAL CURRENT LIABILITIES                                                     9,892,122 

NOTES PAYABLE, NET OF CURRENT PORTION                                        16,884,894 
CAPITAL LEASE OBLIGATIONS, NET OF CURRENT PORTION                               345,047 
                                                                           ------------ 

TOTAL LIABILITIES                                                            27,122,063 

COMMITMENTS AND CONTINGENCIES                                                           

STOCKHOLDERS' EQUITY                                                                    
Convertible preferred stock, $0.001 par value 5,000,000 shares authorized               
   142,858 shares issued and outstanding                                                
   ($7.00 per share liquidation preference                                          143 
   Dividends of $94,792 in arrears)                                                     
Common stock, $0.001 par value                                                          
   25,000,000 shares authorized                                                         
   5,415,000 shares issued and outstanding                                        5,415 
Additional paid-in capital                                                   17,780,271 
Common stock committed                                                           28,440 
Accumulated deficit                                                         (13,299,947)
Treasury stock                                                                 (105,670)
                                                                           ------------ 

TOTAL STOCKHOLDERS' EQUITY                                                    4,408,652 
                                                                           ------------ 

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                 $ 31,530,715 
                                                                           ============ 


See the accompanying notes

3 

10QSB 5th Page of 19 TOC 1st Previous Next ↓Bottom Just 5th
GENESISINTERMEDIA.COM, INC.                                                     
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                 

                                                        [Enlarge/Download Table]

                                                       3 MONTHS            3 MONTHS      
                                                         ENDED               ENDED       
                                                       MARCH 31,           MARCH 31,     
                                                         2000                1999        
                                                   ------------------  ------------------
                                                      (unaudited)         (unaudited)    

                                                                                         
NET REVENUE                                                                              
     Media sales                                   $         395,382   $       3,938,020 
     Product sales                                         5,781,410           3,789,988 
     Commission and royalties                              1,087,972              69,606 
     Other                                                   630,839                   - 
                                                   ------------------  ------------------
TOTAL  NET REVENUE                                         7,895,603           7,797,614 
                                                   ------------------  ------------------

OPERATING COSTS AND EXPENSES                                                             
     Media purchases                                         308,561           3,500,462 
     Direct costs                                          1,586,720             373,054 
     Selling, general and administrative expenses         10,754,453           3,299,688 
                                                   ------------------  ------------------
TOTAL OPERATING COSTS AND EXPENSES                        12,649,734           7,173,204 
                                                   ------------------  ------------------
INCOME (LOSS) FROM OPERATIONS                            (4,754,131)             624,410 
OTHER EXPENSES                                                                           
     Interest expense                                        275,889              46,207 
     Financing costs                                         103,125                     
                                                   ------------------  ------------------
TOTAL OTHER EXPENSES                                         379,014              46,207 
                                                   ------------------  ------------------
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES          (5,133,145)             578,203 
PROVISION (BENEFIT) FOR INCOME TAXES                               -             195,000 
                                                   ------------------  ------------------
NET INCOME (LOSS)                                  $     (5,133,145)   $         383,203 
                                                   ==================  ==================

BASIC EARNINGS (LOSS) PER COMMON SHARE             $          (0.95)   $            0.12 
                                                   ==================  ==================
DILUTED EARNINGS (LOSS) PER COMMON SHARE           $          (0.95)   $            0.12 
                                                   ==================  ==================
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING                 5,407,501           3,240,556 
                                                   ==================  ==================

See the accompanying notes

4 

10QSB 6th Page of 19 TOC 1st Previous Next ↓Bottom Just 6th
GENESISINTERMEDIA.COM, INC.                                                 
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS                             

                                                        [Enlarge/Download Table]


                                                                 3 MONTHS               3 MONTHS      
                                                                   ENDED                  ENDED       
                                                                 MARCH 31,              MARCH 31,     
                                                                   2000                   1999        
                                                          ---------------------  ---------------------
                                                                (unaudited)           (unaudited)     

                                                                                                      
CASH FLOWS FROM OPERATING ACTIVITIES                                                                  
 Net income (loss)                                                $(5,133,145)   $            383,203 
 Adjustments to reconcile net income to net cash                                                      
   Provided by (used in) operating activities                                                         
 Depreciation and amortization                                         820,066                 84,758 
 Stock issued for financing costs                                      103,125                        
 Deferred taxes                                                              -                (7,000) 
 (Increase) decrease in operating assets                           (1,039,207)              (312,525) 
 Increase (decrease) in operating liabilities                      (1,147,528)                329,789 
                                                          ---------------------  ---------------------

 Net cash provided by (used in) operating activities               (6,396,689)                478,225 
                                                          ---------------------  ---------------------

CASH FLOWS FROM INVESTING ACTIVITIES                                                                  
 Purchase of property and equipment                                (1,169,314)              (176,966) 
 Cash acquired with purchase of Dynatype                               174,710                      - 
 Other                                                                  31,561              (161,939) 
                                                          ---------------------  ---------------------

 Net cash used in investing activities                               (963,043)              (338,905) 
                                                          ---------------------  ---------------------

CASH FLOWS FROM FINANCING ACTIVITIES                                                                  
 Net proceeds from related parties                                           -                (3,281) 
 Net proceeds from line of credit                                    (203,671)                 67,868 
 Distribution to stockholder                                                 -            (2,000,000) 
 Proceeds from notes payable                                         7,360,248                      - 
 Proceeds from sale of common stock, net                                     -              1,548,750 
 Payment of offering costs                                                   -              (106,556) 
 Payments on notes payable and capital leases                         (36,165)              (542,206) 
                                                          ---------------------  ---------------------

Net cash provided by financing activities                            7,120,412            (1,035,425) 
                                                          ---------------------  ---------------------

Net decrease  in cash and cash equivalents during period             (239,320)              (896,105) 

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                         589,745              1,841,562 
                                                          ---------------------  ---------------------

CASH AND CASH EQUIVALENTS, END OF PERIOD                  $            350,425   $            945,457 
                                                          =====================  =====================


See the accompanying notes

5 

10QSB 7th Page of 19 TOC 1st Previous Next ↓Bottom Just 7th
 GENESISINTERMEDIA.COM, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - BASIS OF PRESENTATION                                                  

The unaudited Condensed Consolidated Financial Statements have been prepared by 
GenesisIntermedia.com, Inc. (the "Company" or "Genesis"), pursuant to the rules 
and regulations of the Securities and Exchange Commission. The information      
furnished herein reflects all adjustments (consisting of normal recurring       
accruals and adjustments) which are, in the opinion of management, necessary to 
fairly present the operating results for the respective periods. Certain        
information and footnote disclosures normally present in annual consolidated    
financial statements prepared in accordance with generally accepted accounting  
principles have been omitted pursuant to such rules and regulations. The results
of the three months ended March 31, 2000 are not necessarily indicative of the  
results to be expected for the full year ending December 31, 2000.              

NOTE 2 - EARNINGS PER SHARE                                                     

In 1997, the Financial Accounting Standard Board ("FASB") issued Statement of   
Financial Accounting Standards ("SFAS") No. 128, "Earnings per Share." SFAS No. 
128 replaced the previously reported primary and fully diluted earnings per     
share with basic and diluted earnings per share. Unlike primary earnings per    
share, basic earnings per share excludes any dilutive effects of options,       
warrants, and convertible securities. Diluted earnings per share is very similar
to the previously reported fully diluted earnings per share. Basic earnings per 
share is computed using the weighted-average number of common shares outstanding
during the period. Common equivalent shares are excluded from the computation if
their effect is anti-dilutive. There are no common stock equivalents for the    
three months ended March 31, 2000 since the Company incurred a net loss;        
therefore any common stock equivalents would be anti-dilutive.                  

NOTE 3 - NOTES PAYABLE                                                          

In February 2000, the Company issued a $1,000,000 convertible debenture,        
warrants to purchase 22,500 shares of the Company's common stock at an exercise 
price of $12.00 per share and 15,000 shares of the Company's common stock. The  
debenture is convertible into the Company's common stock at $5.00 per share if  
it is held to maturity. The debenture was due on April 7, 2000 and was repaid by
the Company on April 14, 2000. The Company took a charge to earnings for the    
issuance of the 15,000 shares of common stock in the amount of $103,125.        

During the first quarter of 2000, the Company received $7,360,248 from the same 
lender to whom the Company had the unsecured note payable at December 31, 1999  
of $1,463,403. The payment terms for these are the same as for the previous     
funds                                                                           

6 

10QSB 8th Page of 19 TOC 1st Previous Next ↓Bottom Just 8th
 GENESISINTERMEDIA.COM, INC.
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

NOTE 4 - STOCKHOLDERS' EQUITY                                                   

On May 2, 2000, the Company issued 4,000 shares of its Series B Convertible     
Preferred Stock to two investors for gross proceeds of $4,000,000. The Series B 
Convertible Preferred Stock has a liquidation preference of $1,000 per share and
carries a 5% cumulative dividend payable at the end of each calendar quarter.   
The Company also issued to the investors an aggregate of 112,000 warrants to    
purchase the Company's common stock at $17.74 per share, which represents 115%  
of the market value of the Company's stock at the closing date. The Series B    
Convertible Preferred Stock is convertible into common stock at 110% of the     
market value of the Company's common stock at the closing date ("Fixed Price")  
if converted within 45 days after the closing date, and the lesser of the Fixed 
price or the market value of the Company's common stock at the conversion date  
if converted 45 days or more after the closing date.                            

NOTE 5 - CONTINGENCIES                                                          

On November 14, 1997, the Commodity Futures Trading Commission issued an order  
authorizing the issuance of subpoenas and depositions in a private investigation
involving Jake Bernstein and MBH Commodity Advisors, a company not affiliated   
with Genesis. Although the order does not reference Genesis, its employees or   
affiliates, the CFTC has nonetheless requested that the Company provide various 
documents arising out of our involvement in the production and marketing of an  
infomercial titled Success and You which promotes and markets a video series    
titled Trade Your Way To Riches. To date, the CFTC has directed one subpoena to 
Genesis. Various documents have been produced on our behalf in response to the  
subpoena. Additionally, the CFTC has taken the deposition of Ramy El-Batrawi,   
our president, in connection with its investigation. The Company has not to date
been required to discontinue sales of Trade Your Way To Riches products or      
services as a result of the CFTC's actions.                                     

Although the CFTC has articulated its belief that Genesis, by virtue of our     
involvement in the production and marketing of the infomercial, may be required 
to be registered in some capacity to continue to engage in our sales activities 
related to the Trade products, the Company believes the CFTC's analysis and     
conclusions are incorrect and are based on incomplete information. In October   
1998, the Company issued a written response to the CFTC's position setting forth
the reasons why the Company is not required to register in any capacity with the
CFTC. The CFTC has indicated that registration may be required. The Company has 
been advised by our counsel that the initiation of a CFTC enforcement action    
against us requiring registration or seeking the imposition of sanctions is     
unwarranted. As of the date of this filing, there has been no indication that   
the CFTC seeks any relief other than registration. To date, no complaint or     
enforcement action has been asserted against Genesis, our officers, directors or
employees.                                                                      

7 

10QSB 9th Page of 19 TOC 1st Previous Next ↓Bottom Just 9th
 GENESISINTERMEDIA.COM, INC.
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

NOTE 5 - CONTINGENCIES, CONTINUED                                               

If it is determined in the investigation or any resulting proceeding that       
registration is required, the Company intends promptly to effect any required   
registration. It is estimated that the cost of registering Genesis with the CFTC
will be less than $1,000. In the event that the CFTC were to bring an           
enforcement action against Genesis by virtue of our failure to register, which  
the Company believes would be unwarranted, any adverse determination or         
settlement in this action could adversely affect us. The range of possible      
sanctions available to the CFTC in enforcement actions generally includes a     
simple request to become registered, a cease and desist order--which could, if  
successfully applied to the Company or TYWR, terminate sales of some Trade Your 
Way To Riches products or services--and a possible order of disgorgement of     
profits--which could, again if applied to us, result in substantial payments by 
us. In February 1999, the Company commenced negotiations with the CFTC to       
terminate the investigation and settle all underlying claims against us and all 
other persons subject to the investigation. Although the Company believes that a
settlement can be reached that will not have a material adverse impact on us,   
the Company can not predict whether any settlement proposal the Company may make
will be accepted by the CFTC or by what time. For the reasons discussed in the  
preceding paragraph, the Company believes that if the Company is unable to reach
agreement on a consensual resolution with the CFTC, then the final resolution of
the investigation or any ensuing action or proceeding will not have a material  
adverse effect on the Company.                                                  

On February 5, 1999, the former chief executive officer of our Genesis          
Intermedia, Inc. subsidiary commenced a suit for wrongful termination in        
California Superior Court in Los Angeles County. The plaintiff is Sam Hassabo   
and the principal defendants are Genesis, our Genesis Intermedia, Inc.          
subsidiary and our chief executive officer, Mr. El-Batrawi. The complaint       
alleges wrongful termination and breach of employment contract. The complaint   
also alleges that the defendants engaged in fraud and negligent                 
misrepresentation in connection with the plaintiff's hiring and the termination 
of his employment. Mr. Hassabo was terminated from his position as director and 
chief executive officer of Genesis Intermedia, Inc. in December 1998. The       
complaint primarily seeks monetary and punitive damages. The Company believes   
the suit is frivolous and the Company intends to defend it vigorously. The      
Company carries employment practices and general liability insurance which the  
Company believes is adequate to cover any potential liability.                  

The Company may also be involved from time to time in various other claims and  
legal actions incident to its operations, either as plaintiff or defendant. As  
an advertiser, the Company may be exposed to unforeseen liability to consumers, 
competitors or others, against which the Company is not insured. The Company    
from time to time may be, or may be joined as, a defendant in litigation brought
against us or our clients by third parties. As the Company acquires the rights  
to diverse new products and increases our client base, the likelihood of that   
type of suit will increase. These possible claims include those brought by      
clients' competitors, regulatory bodies or consumers alleging that advertising  
claims are false, deceptive or misleading, that our clients' products are       
defective or injurious or that marketing and communications materials infringe  
on the proprietary rights of third parties. The Company does not maintain       
insurance designed specifically for advertising agency liability. If the Company
is not adequately insured or indemnified, then the damages, costs, expenses or  
attorneys' fees could have an adverse effect on us.                             

8 

10QSB 10th Page of 19 TOC 1st Previous Next ↓Bottom Just 10th
 GENESISINTERMEDIA.COM, INC.
 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED

NOTE 5 - CONTINGENCIES, CONTINUED                                               

We have been subject to claims of intellectual property infringement and may    
increasingly be subject to these types of claims as the number of products and  
services and competitors in our markets grows and the functionality of products 
and services in other industry segments overlaps. Although we do not believe    
that any of our products or services infringes upon the proprietary rights of   
third parties, there can be no assurance that third parties will not claim      
infringement by us with respect to current or future products or services. In   
addition, we periodically acquire intellectual property from third parties,     
including in connection with our acquisitions. In some instances this           
intellectual property is prepared on a work-for-hire or similar basis, in some  
instances we license the intellectual property and in others we acquire it. We  
may in the future be party to disputes about ownership, license scope and       
royalty or fee terms with respect to some of this intellectual property. Any    
claims, with or without merit, could be time-consuming, result in costly        
litigation, cause product or service delays or require us to enter into royalty 
or licensing agreements, any of which could have an adverse effect upon us. We  
may also initiate claims or litigation against third parties for infringement of
our proprietary rights or to establish the validity of our proprietary rights,  
which could result in significant expense to us and divert the efforts of our   
technical and management personnel from productive tasks, whether or not the    
litigation were determined in our favor.                                        

In addition, the contracts the Company enters into with our clients sometimes   
require us to indemnify clients for claims brought by competitors or others     
claiming that advertisements or other communications infringe on intellectual   
property rights. Although the Company maintains business insurance the Company  
believe is adequate for our operations, adequate insurance coverage may not be  
available in the future or the insurance held by us may not be sufficient if a  
significant adverse claim is made.                                              

NOTE 6 - SUBSEQUENT EVENT                                                       

On April 1, 2000, the Company purchased Dynatype Design and Graphics Centers,   
Inc. ("Dynatype"), a company that provides creative design and graphic services.
Its clients include Fortune 500 companies. The Company issued 90,000 shares of  
its common stock for all of the issued and outstanding shares of common stock of
Dynatype. The Company has accounted for this business combination using the     
pooling of interest method.                                                     

9 

10QSB 11th Page of 19 TOC 1st Previous Next ↓Bottom Just 11th
Item 2.   Management's Discussion and Analysis of Financial Condition           
and Results of Operations                                   

GENERAL                                                                         

     The following discussion and analysis should be read in conjunction
with the Company's consolidated financial statements and related footnotes for  
the year ended December 31, 1999 included in this Annual Report on Form 10-KSB. 
The discussion of results, causes and trends should not be construed to imply   
any conclusion that such results or trends will necessarily continue in the     
future.                                                                         

OVERVIEW                                                                        

GenesisIntermedia.com, Inc. uses its core competencies to develop Internet      
technologies and Internet companies. It owns distinct marketing channels, and   
through CENTERLINQ, is a leading provider of public Internet access portals in  
shopping malls. The Company has been building an infrastructure to build,       
develop and nurture new Internet technology companies and businesses. The       
company markets products and services, which it develops, licenses exclusively  
or distributes for third parties, utilizing network and cable television, radio,
newspapers, magazines, the Internet and the company's CENTERLINQ network. As it 
has done with CENTERLINQ, the Company leverages its strength in operations,     
marketing and the deployment of traditional and new media to advance new and    
innovative technologies within strategically identified market segments.        

Historically, the Company's operations have consisted of the marketing,         
advertising and sales of its own products and those of its clients utilizing    
traditional marketing channels. While it continues to utilize conventional media
to fulfill its marketing needs and those of its clients, the Company's focus    
more recently has been on investing in and bringing to market innovative        
technology-based concepts that center around use of the Internet.               

CENTERLINQ is an Internet-based interactive network consisting of public access 
kiosks, located exclusively in shopping malls currently but adaptable to a wide 
range of venues. CENTERLINQ is also accessible through the Internet at          
www.CENTERLINQ.com. Advertising displayed on large screen monitors on and       
adjacent to the public access kiosks enhances network usage and revenues.       

The Company invested heavily to support the operational needs of CENTERLINQ and 
to attain a leadership position as a network of public Internet portals.        
Investments in CENTERLINQ included those made in network architecture, expansion
of Information Services, installation, field maintenance and client service     
personnel, programming and Information Technology professionals, research and   
development, quality assurance, and the build out of physical space and         
infrastructure to support the operations.                                       

These investments enabled the Company to announce in December 1999 that         
CENTERLINQ had reached critical mass. Currently, the systems were installed in  
20 shopping malls across the United States including those in California,       
Nevada, Arizona, Michigan, Pennsylvania and Indiana. Traffic at these malls thus
far enable CENTERLINQ to create approximately 22 million impressions per month. 
The Company foresees CENTERLINQ network expansion in additional malls throughout
North America, and is discussing expansion into Europe and Latin America.       

10

10QSB 12th Page of 19 TOC 1st Previous Next ↓Bottom Just 12th
With the CENTERLINQ experience not only proving successful, but teaching the    
Company how to apply those same development standards and resources to other    
businesses and technologies in order to achieve an effective rollout of product,
the Company's management now views its role as a creator of long-term           
shareholder value more closely in alignment with its ability to propagate       
additional Internet-based companies in accordance with its established          
"incubation" process.                                                           

The Company, therefore, seeks to identify acquisition candidates whose core     
competencies include the development of Internet technology, networking         
solutions, interactive concepts and a variety of other high-growth areas that   
can be integrated into valuable business-to-business and business-to-consumer   
companies. GenesisIntermedia.com, Inc. intends to expand client participation in
interactive e-commerce and the CENTERLINQ programs, particularly as CENTERLINQ  
is rolled out throughout regional shopping malls across the United States and   
into additional public access areas. Presently, the focus is on marketing       
efforts with local or regional advertisers, or local representatives of national
organizations. The Company intends to seek additional national advertisers and  
participants in CENTERLINQ once the deployment of the network has sufficient    
national scope.                                                                 

Even though GenesisIntermedia.com, Inc. is entering emerging markets and has    
begun to generate revenue from CENTERLINQ, it continues to rely on marketing    
products for a substantial part of its revenues. Proprietary products sold by   
the Company through integrated marketing capabilities include audio and video   
tapes and companion material products based on the book Men Are From Mars, Women
Are From Venus, by John M. Gray, Ph.D., the Money Mastery financial mentoring   
products, and other new products recently acquired. The Company expects that    
revenues from the marketing of products will continue to account for a major    
percentage of its revenues in the foreseeable future but that while revenues are
expected to rise, the overall percentage of revenues that can be attributed to  
the aforementioned marketing activities will decline as its refined business    
plan that concentrates on the development of business-to-business and           
business-to-consumer enterprises that utilize Internet technology continues     
onward.                                                                         

On April 1, 2000, the Company purchased Dynatype Design and Graphics Centers,   
Inc. ("Dynatype"), a company that provides creative design and graphic services.
Its clients include Fortune 500 companies. The Company issued 90,000 shares of  
its common stock for all of the issued and outstanding shares of common stock of
Dynatype. The Company has accounted for this business combination using the     
pooling of interest method.                                                     

11

10QSB 13th Page of 19 TOC 1st Previous Next ↓Bottom Just 13th
RESULTS OF OPERATIONS                                                           

Three Months Ended March 31, 2000 vs. March 31, 1999                            

                                                        [Enlarge/Download Table]


                                          3 MONTHS          3 MONTHS                                
                                            ENDED            ENDED                                  
                                          MARCH 31,        MARCH 31,      PERCENTAGE OF NET REVENUE 
                                                                          --------------------------
                                            2000              1999           2000          1999     
                                       ----------------  ---------------  ------------  ------------

                                                                                                    
Net Revenue                                                                                         
  Media sales                              $       395      $     3,938          5.0%         50.5% 
  Product sales                                  5,782            3,790         73.2%         48.6% 
  Commissions and royalties                      1,088               70         13.8%          0.9% 
  Other                                            631                -          8.0%               
                                       ----------------  ---------------  ------------  ------------
Total net revenue                                7,896            7,798        100.0%        100.0% 
Operating expenses                                                                                  
  Media purchases                                  309            3,501          3.9%         44.9% 
  Direct costs                                   1,587              373         20.1%          4.8% 
  Selling, general and administrative           10,754            3,300        136.2%         42.3% 
                                       ----------------  ---------------  ------------  ------------
Total operating expenses                        12,650            7,174        160.2%         92.0% 
                                       ----------------  ---------------  ------------  ------------
Income (loss) from operations                  (4,754)              624       (60.2%)          8.0% 
Interest expense                                   276               46          3.5%          0.6% 
Financing costs                                    103                           1.3%             - 
                                       ----------------  ---------------  ------------  ------------
Income (loss) before income taxes              (5,133)              578       (65.0%)          7.4% 
Provision (benefit) for income taxes                 -              195             -          2.5% 
                                       ================  ===============  ============  ============
Net income (loss)                        $     (5,133)       $      373       (65.0%)          4.9% 
                                       ================  ===============  ============  ============


Revenue for the three months ended March 31, 2000 increased by $98,000 or 1.3%  
from $7,798,000 for the three months ended March 31, 1999 to $7,896,000 for the 
same period in 2000. The increase in revenue was due to the following:          

12

10QSB 14th Page of 19 TOC 1st Previous Next ↓Bottom Just 14th
*    Product sales increased $1,992,000 or 52.6% principally as a result of the 
     Company's success in selling its new products and programs. The Company has
acquired several new products over the past 12 months;                

*    Commissions and royalties increased by $1,018,000 from $70,000 for the     
three months ended March 31, 1999 to $1,088,000 for the same period in
    2000. The increase is due to the Company's call center in St. George, Utah
  focusing on selling other company's products and on a marketing alliance
   entered into by the Company whereby its receives a commission for selling
other companies products.                                             

*    Other revenue increased by $631,000 from $0 for the three months ended     
March 31, 1999 to $631,000 for the same period in 2000. Other revenue 
consists of rental income of $208,000 from leasing office space in the
     Company's office building to third parties and services revenue of $423,000
  from creating design and graphic products for customers. The increase in
   other income is due to the Company purchasing its office building in July
   1999 and the acquisition of Dynatype Design and Graphics Centers, Inc. on
   April 1, 2000, which has been accounted for using the pooling of interest
method.                                                               

*    Media sales decreased from $3,938,000 for the three months ended March 31, 
  1999 to $395,000 for the same period in 2000 due to the Company focusing
   more time and resources on promoting its new products and not focusing on
selling media time to third parties;                                  

Media purchases for the three months ended March 31, 2000 decreased by          
$3,192,000 or 91.2% from $3,501,000 for the three months ended March 31, 1999 to
$309,000 for the same period in 1999. The decrease is due to the Company        
focusing more effort on selling its products rather than selling media time to  
third parties.                                                                  

Direct costs for the three months ended March 31, 2000 increased by $1,214,000  
or 325.5% from $373,000 for the three months ended March 31, 1999 to $1,587,000 
for the same period in 2000. The increase was due to significant increased      
product sales during the first quarter of 2000. Direct costs as a percentage of 
product sales increased from 9.8% for the three months ended March 31, 1999 to  
27.4% for the same period in 2000. The increase is due to higher product costs  
associated with the products and programs the Company is currently selling when 
compared to the products sold by the Company the first quarter of 1999.         

Selling, general and administrative expenses for the three months ended March   
31, 2000 increased by $7,454,000 or 225.9% from $3,300,000 for the three months 
ended March 31, 1999 to $10,754,000 for the same period in 2000. The increase   
was due principally to an increase in payroll and related benefits of $1,497,000
and an increase in selling related expenses of 4,075,000. Selling related       
expenses include the cost of acquiring customer names, purchasing media time for
airing of infomercials, royalties and telemarketing costs. The Company expensed 
$3,593,000 in media airtime during the first quarter of 2000. As a result of    
expanding operations through the creation of Genesis Intermedia, the Company's  
general and administrative costs have increased. Most of the expenses incurred  
by Genesis Intermedia to develop its Centerlinq Network are classified as       
general and administrative expenses. The Company has taken steps to             
significantly expand its Centerlinq Network of kiosks in shopping malls.        

13

10QSB 15th Page of 19 TOC 1st Previous Next ↓Bottom Just 15th
Interest expense for the three months ended March 31, 2000 increased by $230,000
or 500% from $46,000 for the three months ended March 31, 1999 to $276,000 for  
the same period in 2000. The increase in interest expense was due to the        
issuance of a note payable secured by the Company's new corporate office        
building in Van Nuys, California, an increase in the Company's line of credit,  
notes payable and capitalized lease obligations.                                

Financing costs for the three months ended March 31, 2000 increased by $103,125 
from $0 for the three months ended March 31, 1999 to $103,125 for the same      
period in 2000. The increase is due to the issuance of 15,000 shares of the     
Company's common stock in connection with a note payable issued in February     
2000.                                                                           

Income taxes for the three months ended March 31, 2000 decreased by $195,000 or 
100% from $195,000 for the three months ended March 31, 1999 to $0 for the same 
period in 2000. The decrease in the provision for income taxes is due to the net
loss incurred by the Company in the first quarter of 2000.                      

LIQUIDITY AND CAPITAL RESOURCES                                                 

We financed our operations initially from cash generated from operations. More  
recently, we have financed our operations through the sale of common and        
preferred stock in private placement offerings, sale of common stock in our     
initial public offering, a long-term mortgage and a line of credit. In January  
and April 1999, we sold a total of 250,000 shares of common stock and warrants  
to purchase an additional 250,000 shares of common stock in a private placement 
at $7 per share for an aggregate of $1,750,000, with underwriting commissions   
and expenses of $201,250 and in April 1999 we sold 142,858 shares of convertible
preferred stock and warrants to purchase 142,858 shares of common stock in a    
private placement at $7 per share for an aggregate of $1,000,000 with           
underwriting commissions and expenses of $115,000. In May 1999, we issued three 
notes payable in a private placement for aggregate proceeds of $550,000 net of  
commissions and expenses of $108,000. In connection with these three notes      
payable agreements, we also issued warrants to purchase 78,571 shares of common 
stock. In June 1999 we sold 2,000,000 shares of common stock in its initial     
public offering at $8.50 per share for an aggregate of $17,000,000 with         
underwriting commissions and expenses of $1,870,000 and offering expenses of    
$2,722,803. In July, we purchased an office building in Van Nuys, California for
$11,100,000 for which we issued a note payable in the amount of $7,856,250. In  
the third quarter of 1999, we increased our $750,000 line of credit to          
$1,500,000 from a major financial institution that is collateralized by         
substantially all of our assets, except our office building, and the loan is    
guaranteed by our majority stockholder. From November 1999 to March 2000 we have
borrowed $7,823,651 from debenture secured in November 1999. In connection with 
this debenture, we issued warrants to purchase 750,000 shares of common stock   
with an exercise price of $7.00. In February 2000, the Company issued a         
convertible debenture in the amount of $1,000,000 along with a warrant to       
purchase 22,500 shares of the Company's common stock at an exercise price of    
$12.00 and the issuance of 15,000 shares of the Company's common stock. The     
debenture is convertible into common stock at $5.00 per share if it is held to  
maturity. The debenture was due on April 7, 2000 and has been repaid. We took a 
charge to earnings for the 15,000 common shares issued in connection with this  
debenture in the amount of $103,125. On May 2, 2000, the Company issued 4,000   
shares of its Series B Convertible Preferred Stock to two investors for gross   
proceeds of $4,000,000. The Series B Convertible Preferred Stock has a          
liquidation preference of $1,000 per share and carries a 5% cumulative dividend 
payable at the end of each calendar quarter. The Company also issued to the     
investors an aggregate of 112,000 warrants to purchase the Company's common     
stock at $17.74 per share, which represents 115% of the market value of the     
Company's stock at the closing date. The Series B Convertible Preferred Stock is
convertible into common stock at 110% of the market value of the Company's      
common stock at the closing date ("Fixed Price") if converted within 45 days    
after the closing date, and the lesser of the Fixed price or the market value of
the Company's common stock at the conversion date if converted 45 days or more  
after the closing date.                                                         

14

10QSB 16th Page of 19 TOC 1st Previous Next ↓Bottom Just 16th
During the three months ended March 31, 2000, we spent $1,169,314 on capital    
expenditures and used $6,396,689 in operations.                                 

We expect to spend additional capital to expand our product lines, expand our   
telemarketing division, and make strategic acquisitions. We anticipate spending 
$15 - 20 million over the next 18 months to develop and deploy interactive      
multimedia kiosks in regional shopping malls across the United States and in    
other entertainment centers.                                                    

We believe that our current cash and cash equivalents on hand, together with    
existing credit facilities and the cash flow expected to be generated from      
operations, will be adequate to satisfy our current and planned operations      
through the middle of 2001. However, we are currently seeking to acquire a bank 
credit line or similar credit facility and seeking to refinance our mortgage on 
our new office building to help finance future operations and acquisitions. We  
are currently negotiating with certain lenders to obtain additional financing to
expand CENTERLINQ. If we are not successful, out ability to expand CENTERLINQ   
will be adversely affected. The Company is also seeking additional financing to 
expand its existing business to purchase new products and purchase media time to
advertise for these products. If the Company is unable to obtain this financing,
its ability to purchase media time to advertise its products will be            
significantly limited.                                                          

IMPACT OF YEAR 2000                                                             

The Company instituted a comprehensive program to address potential Year 2000   
impacts and as a result, critical systems and infrastructure operated smoothly  
through the arrival of Year 2000 and leap year boundaries. Additionally, the    
Company experienced no Year 2000 related disruptions in the products and        
services provided by its significant suppliers or other third-party business    
relationships. Many of the improvements made in preparation for the Year 2000   
are expected to provide the Company with long-term benefits.                    

FORWARD LOOKING STATEMENTS                                                      

This report contains certain forward-looking statements within the meaning of   
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the   
Securities Exchange Act of 1934, as amended. Stockholders are cautioned that all
forward-looking statements involve risks and uncertainty, including without     
limitation, the ability of us to install new kiosks, general market conditions, 
competition and pricing. Although we believe the assumptions underlying the     
forward-looking statements contained herein are reasonable, any of the          
assumptions could be inaccurate, and therefore, there can be no assurance that  
the forward-looking statements contained in the report will prove to be         
accurate.                                                                       

15

10QSB 17th Page of 19 TOC 1st Previous Next ↓Bottom Just 17th
Part II.   OTHER INFORMATION                                                    

Item 1.    Legal Proceedings                                                    

On November 14, 1997, the Commodity Futures Trading Commission issued an order  
authorizing the issuance of subpoenas and depositions in a private investigation
involving Jake Bernstein and MBH Commodity Advisors, a company not affiliated   
with Genesis. Although the order does not reference Genesis, its employees or   
affiliates, the CFTC has nonetheless requested that the Company provide various 
documents arising out of our involvement in the production and marketing of an  
infomercial titled Success and You which promotes and markets a video series    
titled Trade Your Way To Riches. To date, the CFTC has directed one subpoena to 
Genesis. Various documents have been produced on our behalf in response to the  
subpoena. Additionally, the CFTC has taken the deposition of Ramy El-Batrawi,   
our president, in connection with its investigation. The Company has not to date
been required to discontinue sales of Trade Your Way To Riches products or      
services as a result of the CFTC's actions.                                     

Although the CFTC has articulated its belief that Genesis, by virtue of our     
involvement in the production and marketing of the infomercial, may be required 
to be registered in some capacity to continue to engage in our sales activities 
related to the Trade products, the Company believes the CFTC's analysis and     
conclusions are incorrect and are based on incomplete information. In October   
1998, the Company issued a written response to the CFTC's position setting forth
the reasons why the Company is not required to register in any capacity with the
CFTC. The CFTC has indicated that registration may be required. The Company has 
been advised by our counsel that the initiation of a CFTC enforcement action    
against us requiring registration or seeking the imposition of sanctions is     
unwarranted. As of the date of this filing, there has been no indication that   
the CFTC seeks any relief other than registration. To date, no complaint or     
enforcement action has been asserted against Genesis, our officers, directors or
employees.                                                                      

If it is determined in the investigation or any resulting proceeding that       
registration is required, the Company intends promptly to effect any required   
registration. It is estimated that the cost of registering Genesis with the CFTC
will be less than $1,000. In the event that the CFTC were to bring an           
enforcement action against Genesis by virtue of our failure to register, which  
the Company believes would be unwarranted, any adverse determination or         
settlement in this action could adversely affect us. The range of possible      
sanctions available to the CFTC in enforcement actions generally includes a     
simple request to become registered, a cease and desist order--which could, if  
successfully applied to the Company or TYWR, terminate sales of some Trade Your 
Way To Riches products or services--and a possible order of disgorgement of     
profits--which could, again if applied to us, result in substantial payments by 
us. In February 1999, the Company commenced negotiations with the CFTC to       
terminate the investigation and settle all underlying claims against us and all 
other persons subject to the investigation. Although the Company believes that a
settlement can be reached that will not have a material adverse impact on us,   
the Company can not predict whether any settlement proposal the Company may make
will be accepted by the CFTC or by what time. For the reasons discussed in the  
preceding paragraph, the Company believes that if the Company is unable to reach
agreement on a consensual resolution with the CFTC, then the final resolution of
the investigation or any ensuing action or proceeding will not have a material  
adverse effect on the Company.                                                  

16

10QSB 18th Page of 19 TOC 1st Previous Next ↓Bottom Just 18th
On February 5, 1999, the former chief executive officer of our Genesis          
Intermedia, Inc. subsidiary commenced a suit for wrongful termination in        
California Superior Court in Los Angeles County. The plaintiff is Sam Hassabo   
and the principal defendants are Genesis, our Genesis Intermedia, Inc.          
subsidiary and our chief executive officer, Mr. El-Batrawi. The complaint       
alleges wrongful termination and breach of employment contract. The complaint   
also alleges that the defendants engaged in fraud and negligent                 
misrepresentation in connection with the plaintiff's hiring and the termination 
of his employment. Mr. Hassabo was terminated from his position as director and 
chief executive officer of Genesis Intermedia, Inc. in December 1998. The       
complaint primarily seeks monetary and punitive damages. The Company believes   
the suit is frivolous and the Company intends to defend it vigorously. The      
Company carries employment practices and general liability insurance which the  
Company believes is adequate to cover any potential liability.                  

The Company may also be involved from time to time in various other claims and  
legal actions incident to its operations, either as plaintiff or defendant. As  
an advertiser, the Company may be exposed to unforeseen liability to consumers, 
competitors or others, against which the Company is not insured. The Company    
from time to time may be, or may be joined as, a defendant in litigation brought
against us or our clients by third parties. As the Company acquires the rights  
to diverse new products and increases our client base, the likelihood of that   
type of suit will increase. These possible claims include those brought by      
clients' competitors, regulatory bodies or consumers alleging that advertising  
claims are false, deceptive or misleading, that our clients' products are       
defective or injurious or that marketing and communications materials infringe  
on the proprietary rights of third parties. The Company does not maintain       
insurance designed specifically for advertising agency liability. If the Company
is not adequately insured or indemnified, then the damages, costs, expenses or  
attorneys' fees could have an adverse effect on us.                             

In addition, the contracts the Company enters into with our clients sometimes   
require us to indemnify clients for claims brought by competitors or others     
claiming that advertisements or other communications infringe on intellectual   
property rights. Although the Company maintains business insurance the Company  
believe is adequate for our operations, adequate insurance coverage may not be  
available in the future or the insurance held by us may not be sufficient if a  
significant adverse claim is made.                                              

17

10QSB Last Page of 19 TOC 1st Previous Next ↓Bottom Just 19th
Item 2.    Change in Securities and Use of Proceeds                             

None                                                                            

Item 3.    Defaults Upon Senior Securities                                      

None                                                                            

Item 4.    Submission of Matters to a Vote of Security Holders                  

Not applicable                                                                  

Item 5.    Other Information                                                    

Not applicable                                                                  

Item 6.    Exhibits and Reports on Form 8-K                                     

(a)      Exhibits                                                               

10.32    Agreement and Plan of Merger with Dynatype Design and Graphics Centers,
Inc. dated April 1, 2000                                      

27.1     Financial Data Schedule                                                

(b)      Reports on Form 8-K                                                    

On February 24, 2000 the Company filed a Report on Form 8-K announcing that     
Blair LaCorte, resigned as of December 15, 1999 as a member of the board of     
directors of the Company, and that on December 3, 1999, Michael Roy Fugler was  
appointed a member of the Company's board of directors to succeed Mr. LaCorte.  

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 thereunto duly authorized.                                          

                                             GENESISINTERMEDIA.COM, INC.

                                             By: /s/ Douglas E. Jacobson
                                             ---------------------------
                                         Douglas E. Jacobson
                                               Chief Financial and Principal
                                    Accounting Officer

Date:  May 15, 2000                                                             

18

10QSB	1st Page of 19	TOC	↑Top	Previous	Next	↓Bottom	Just 1st

10QSB	2nd Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 2nd

10QSB	3rd Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 3rd

10QSB	4th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 4th

10QSB	5th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 5th

10QSB	6th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 6th

10QSB	7th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 7th

10QSB	8th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 8th

10QSB	9th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 9th

10QSB	10th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 10th

10QSB	11th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 11th

10QSB	12th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 12th

10QSB	13th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 13th

10QSB	14th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 14th

10QSB	15th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 15th

10QSB	16th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 16th

10QSB	17th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 17th

10QSB	18th Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 18th

10QSB	Last Page of 19	TOC	1st	Previous	Next	↓Bottom	Just 19th

Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘10QSB’ Filing	Date	First	Last	Other Filings

	12/31/00	7		10-K, 10-K/A, NT 10-K
Filed on:	5/15/00	1	19	8-K
	5/2/00	8	15
	4/14/00	7		10KSB
	4/7/00	7	15
	4/1/00	10	19
For Period End:	3/31/00	1	16	NT 10-K
	2/24/00	19		8-K
	12/31/99	7	11	10KSB, 10KSB/A, NT 10-K
	12/15/99	19		8-K
	12/3/99	19		3
	3/31/99	2	15
	2/5/99	9	18
	11/14/97	8	17
				List all Filings

↑Top

Filing Submission 0000890163-00-000182 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Genesisintermedia Inc – ‘10QSB’ for 3/31/00

On: Monday, 5/15/00, at 4:44pm ET · For: 3/31/00 · Accession #: 890163-0-182 · File #: 1-15029

Previous ‘10QSB’: ‘10QSB’ on 11/15/99 for 9/30/99 · Next: ‘10QSB’ on 8/15/00 for 6/30/00 · Latest: ‘10QSB’ on 11/14/00 for 9/30/00

Quarterly Report — Small Business — Form 10-QSBFiling Table of Contents

10QSB — Quarterly Report — Small BusinessDocument Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Small Business — Form 10-QSB
Filing Table of Contents

10QSB — Quarterly Report — Small Business
Document Table of Contents