does it get any funnier then this?
August 19, 1998
USA TALKS COM INC (USAT) Quarterly Report (SEC form 10QSB)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.
Liquidity and Capital Resources. The Registrant has approximately $0 as operating capital at June 30, 1998, compared to $(300) for the same period last year. The Registrant intends to raise additional funds as needed through private placements with accredited and sophisticated investors.
Results of Operation. Due to the lack of operations during the quarter ended June 30, 1998, the registrant had net income of $449, compared to net income of $0 for the same period last year. Plan of Operations. The Company is currently in the process of looking for business opportunities to acquire or merge with. There is no guarantee that management will be successful in finding such an opportunity. The Company is also in the process of bringing all of its periodic reports current for filing with the Securities and Exchange Commission. During this process, the Company intends to raise operational capital through private placements.
During the quarter, the majority shareholder retired a note receivable due to the Company by canceling 850,000 shares of common stock.
Effective July 28, 1998, the Company announced an agreement to issue 12,350,000 (over 90% control) for all of the assets of Alfine Corporation. The assets consist of licenses and other technology for audio compression, phonetic speech and voice verification/identification.
Contact:
USA Talks.com
Lesley R. Wilber, 619/546-0550
lesleyw@usatalks.com
or
Stoorza Ziegaus & Metzger Inc.
Alex Ebel, 619/236-1332, ext. 276
alex_ebel@szmi.com
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