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Strategies & Market Trends : Daniel Miller's group picks -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (57)	7/15/1998 3:29:00 AM
From: J T	Read Replies (2) \| Respond to of 119

Bill, This is all the info that I could find on HTNZ. Hope it helps! HOLLYWOOD TRENZ INC Filed on Nov 13 1996 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Planned principal operations of the Company have not commenced. The Company's activities, since inception, have consisted of conceptualizing a projected plan for the Company's business and obtaining financing for its activities. In June 1975, the Financial Accounting Standards Board, in its Statement No. 7, set forth guidelines for identifying an enterprise in the development stage and the standards of financial accounting and reporting applicable to such an enterprise. In the opinion of the Company, its activities since its inception in August 1987, fall within the referenced guidelines. Accordingly, the Company has reported its activities in accordance with the aforesaid Statement of Financial Accounting Standards No. 7. Financing of the Company's activities during the period ended September 30, 1996 have consisted principally of the sale of common shares for cash aggregating $310,000.00, advances from affiliates of $819,746.00 and loans from unrelated parties of $115,000.00. The Company is currently attempting to arrange financing for the development of its entertainment centers. There are currently no other material commitments for capital expenditures or long-term credit arrangements. The Company's ability to continue its operations, as well as its future liquidity condition and capital resource position are dependent on the Company's ability to develop its operations and arrange for additional debt and equity financing. Results of Operations The Company had no significant revenue producing operations for the period ended September 30, 1996. General and administrative expenses decreased during 1996 as compared to 1995 principally as a result of common shares issued for services during the 1995 period.