come no... era espressamente scritto nel SEc del 16 agosto....
ti evidenzio in rosso qui sotto............
Form 10-Q for IA GLOBAL INC
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16-Aug-2010
Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Forward-looking statements in this report reflect the good-faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, those discussed below as well as those discussed elsewhere in this report (including in Part II, Item 1A (Risk Factors)). Readers are urged not to place undue reliance on these forward-looking statements because they speak only as of the date of this report. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this report.
GENERAL DEVELOPMENT OF BUSINESS
THE COMPANY AND OUR BUSINESS
We are a global services and outsourcing company focused on growing existing businesses and expansion through global mergers and acquisitions. We are utilizing our current partnerships to acquire growth businesses in target sectors and markets at discounted prices. We are actively engaging in discussions with businesses that would benefit from our business acumen and marketing expertise, knowledge of Asian Markets, and technology infrastructure.
Financial Results
During the fiscal year ended March 31, 2010, we had no revenues from continuing operations. During the three months ended June 30, 2010, we reported revenues of $670,933. We acquired Car Planner on May 20, 2010 and Johnny on June 4, 2010.
Certain recent developments relating to our efforts to generate additional liquidity, including through sales of our common stock, are described in more detail in the notes to the financial statements included in this Form 10-Q.
Acquisition of Car Planner Co. Ltd.
On May 20, 2010, we closed the 100% acquisition of JSK Fund Co. Ltd., which owns 100% of Car Planner, both of which are Japanese companies, from JSK Fund, Inc. Group, a party affiliated with an existing shareholder, RXR Cross Border Investment Un.
Car Planner receives service and commission revenue by selling automotive parts over the Internet to approximately 728 car dealers, gas stations, and car maintenance shops in Japan. Car Planner is expected to expand its Business-to-Business model to include Business-to-Consumer transactions during fiscal year 2011. Car Planner's website is
www.carplanner.jp.
Car Planner was established in 2006. During the fiscal year ended March 31, 2010, Car Planner recorded sales of $1.5 million and net income of $120,000. Car Planner was acquired for 30,000,000 JPY or approximately $325,000 at the current exchange rate. The acquisition was financed through the issuance of 25,000,000 shares of our common stock valued at $.013 per share.
Acquisition of Johnny Co. Ltd.
On June 4, 2010, we closed the 60% acquisition of Johnny from Hynox Corporation, both of which are Japanese companies.
Johnny engages in the distribution and sales of new video gaming hardware such as the Sony PlayStation 3, PSP, Nintendo DS, Wii and XBox 360 along with associated gaming software. Johnny is also engaged in buying used hardware and software and selling refurbished hardware and secondhand software.
Johnny operates seven direct management stores and three franchise stores in the Iwate, Akita and Aomori prefectures in Northern Japan. Mr. Jun Sugiura, founder and Chief Executive Officer, will retain 40% ownership of the company. Johnny's website is http://
www.fc-johnny.jp and the mobile website is
http://www.fc-johnny.jp/mobile.
During the fiscal year ended August 31, 2009, Johnny reported revenues of approximately $6.2 million and net income of approximately $100,000. During the fiscal year ended August 31, 2010, Johnny expects to report revenues of approximately $9.6 million and net income of approximately $250,000 in accordance with JGAAP. The 60% share of Johnny was acquired for 14,000,000 shares of our common stock valued at $.013, or approximately $178,000.
Acquisition new bike for mr. Bakko70
we have intention is to succeed in buying a new high-end mountain bikes for our shareholder-standing known as bakko70.
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prendiamola ridendo che forse è meglio... qui si parla di rivedere i ns $$$ forse fra 3/4 anni se e dico se questi non chiudono baracca prima !!!!
GLTA mon amies !!!
