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Quotes & Info
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| AMNW.PK > SEC Filings for AMNW.PK > Form 10QSB on 14-Aug-2008 | All Recent SEC Filings |
14-Aug-2008
Quarterly Report
On June 28, 2002 the Board of Directors for the Company met in accordance with Florida Statutes 607.0821 and 607.0842(2), at which all members of the Board of Directors were present. The Board of Directors voted to, effective immediately Remove all officers of the Corporations with the following officers of the Corporation, Barney A. Richmond (Chief Executive Officer) and Harry Timmons (President) elected to serve until the next annual meeting of the Board of Directors and until their successors are elected and qualified or until their resignation or removal pursuant to the bylaws of the Corporation.
During the last quarter of 2002 Management of the Company made a decision to cease operations of the Company. This was due to the fact that new current management had no experience in the Wireless Telecom industry.
On February 28, 2005 a special meeting of the shareholders of the Company was held. A motion was passed to elect Barney Richmond as Chief Executive Officer, President, Secretary and Director and to elect Richard Turner as Treasurer and Director.
At the urging of many shareholders who had invested significant amounts of monies into Syndeos Group, Inc. (renamed Assurance Group, Inc.) during the last two (2) years, current management was able to accomplish getting the Company's audits completed, which allows the Company to proceed in a fully reporting public company status. Management also believes these steps were necessary in an effort to recapitalize the Company whereby the shareholders have a chance at getting a return on their investments.
The Company is now seeking acquisition of a Company which management has prior experience in. Currently, there are several acquisition opportunities that Management is evaluating.
The success of the Company's proposed plan of operation depended primarily on the success of the acquired company's business operations and the realization of the business' perceived potential. The funding of this proposed plan required significant capital. There can be no assurance that the Company will be successful or profitable if the Company is unable to raise the funds to provide this capital, or to otherwise locate the required capital for the operations of the business. If, for any reason, the Company does not meet the qualifications for listing on a major stock exchange, the Company's securities may be traded in the over-the-counter ("OTC") market. The OTC market differs from national and regional stock exchanges in that it (1) is not sited in a single location but operates through communication of bids; offers and confirmations between broker- dealers and (2) securities admitted to quotation are offered by one or more broker-dealers rather than the "specialist" common to stock exchanges.
COMPARISON OF RESULTS OF OPERATIONS:
Six Months Ended June 30, 2007 vs. June 30, 2006.
Revenue for the six months ended June 30, 2008 was $0 compared to $0 of revenue recorded for June 30, 2007.
Assurance Group, INC.
(A Development Stage Company)
Total operating expenses for the six month ended June 30, 2008 was $5,259 compared to $156 for June 30, 2007.
Administrative expense of $5,259 for the six months ended June 30, 2008 versus $156 for June 30, 2007 were the result of the company management keeping the Company current with rent, tax preparation, SEC filings, administrative costs, etc.
The operations for the six months ended June 30, 2008 resulted in a net loss of $(6,465) versus a net loss of $(156) recorded for June 30, 2007.
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