The following I found on the web site...
Eventemp Corporation (the Company) was incorporated under the laws of
the state of Nevada on November 13, 1995, with an authorized capital of
3,000,000 shares of common stock with no par value per share. On
December 28, 1995, the Company amended its Articles of Incorporation
to increase the outstanding common stock to 30,000,000 shares with a par
value of ten cents ($0.10) per share. On September 11, 1996 the
company received the authority to transact business in the State of
Arizona. The Company has developed a self-contained climate control
system for automobiles which heats or cools the car's interior while the
engine is off. The system is started telephonically.
On December 7, 1995, the Company issued for cash, 2,400,000 shares of
common stock at no par value per share or $2,400.
On December 28, 1996, the Company increased its no par value per
share common stock to $0.10 par value per share common stock in
accordance with the amendment to its Articles of Incorporation.
On August 21, 1996, the Company offered in a private placement
memorandum 40 units of 10,000 common shares with one warrant to
purchase an additional 5,000 common shares at an offering price of
$10,000 per unit. As of December 31, 1996, the Company has sold 11
units and has issued 110,000 shares at $1.00 per share or $110,000. The
offering will be withdrawn on May 27, 1997, the termination date.
On October 31, 1996, the Company exchanged its $141,250 of
outstanding notes payable for 188,331 shares of the Company's common
stock at $0.75 per share, in accordance with the note conversion
agreement.
During the period January through March 31, 1996, the Company issued
120,000 shares of common stock for cash at $1.00 per share or
$120,000.
The Company is a development stage company, as defined in the Financial
Accounting Standards Board No. 7. The Company is devoting
substantially all of its present efforts in securing and establishing a new
business, and planned principal operations have not commenced. The
factors raise substantial doubt about its ability to continue as a going
concern.
The financial statements have been prepared on the basis of accounting
principles applicable to a going concern. Accordingly, they do not purport
to give effect to adjustments, if any, that may be necessary should the
Company be unable to continue as a going concern. The continuation of
the Company as a going concern, is dependent upon the Company's ability
to establish itself as a profitable business. The Company's ability to achieve
these objectives cannot be determined at this time. |
