The 10SB isn't legal... it doesn't contain audited financials. ORXX had the same problem and had to issue a retraction.
INDEPENDENT ACCOUNTANTS' REVIEW REPORT
To the Shareholders and Board of Directors
American Benefits Group, Inc. and Subsidiaries
(Development Stage Companies)
Deerfield Beach, Florida
We have reviewed the accompanying balance sheet of American Benefits Group, Inc. and Subsidiaries (Development Stage companies) as of December 31, 1999, and the related statements of comprehensive (loss), operations, shareholders' equity and cash flows for the six months then ended and for the period July 1, 1997 (date of development stage) to December 31, 1999, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in these financial statements is the representation of the management of American Benefits Group,
Inc. and Subsidiaries.
A review consists principally of inquiries of company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles.
/s/ Moffitt & Company, P.C.
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Moffitt & Company, P.C.
Scottsdale, Arizona
February 23, 2000
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NOTE 18 CORPORATION INCOME TAX RETURNS
The company has not filed its United States and Canadian income tax
returns for the years ended June 30, 1998 and 1999. However, the
company has incurred losses and it is anticipated that the company
will not have any tax liabilities for these years. |
