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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (81980)	3/15/2001 7:23:26 PM
From: Jim Bishop	Respond to of 150070

NIFI Shell List stock filing news: NOVA INTERNATIONAL FILMS INC (NIFI.OB) Quarterly Report (SEC form 10QSB) Management's Discussion and Analysis or Plan of Operation. The following discussion should be read in conjunction with the Financial Statements and Notes thereto and is qualified in its entirety by the foregoing. The Company had no revenues from operations for the three months ended January 31, 2001 and for the three months ended January 31, 2000. During the three months ended January 31, 2001, the Company had a net loss of $(803) as compared to a net loss of $(2,820) during the three months ended January 31, 2000. On January 31, 2001, the Company had a working capital deficit and stockholders' deficit of $(11,980), $1,944 in cash, total assets of $1,944 and total liabilities of $13,924. The working capital deficit and stockholders' deficit is principally due to short term loans made by the President of the Company in order to allow the Company to meet certain working capital needs. At the current time, the Company's sole means to pay for its overhead operations is its existing cash in the total amount of $1,944 as of January 31, 2001. Accordingly, the Company has significantly reduced its overhead. In connection therewith, the Company does not pay any officer salaries and rent. Its costs primarily include only those costs necessary to retain its corporate charter, file necessary tax returns and report to the Securities and Exchange Commission, and certain expenses in seeking business opportunities. Management has indicated that for the foreseeable future it will cover those costs necessary to retain the Company's corporate charter, file necessary tax returns, report to the Securities and Exchange Commission, and cover certain expenses in seeking business opportunities In addition, as a result of the closing of the Acquisition Agreement (see Notes to the Financial Statements included elsewhere herein), the Company has no current business operations and is in the process of seeking a business opportunity. No assurance can be given that the Company will be able to consummate any such arrangements or, if consummated, that such business opportunity will be successful.