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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tradeshow Marketing Co Ltd (CE) | USOTC:TSHO | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
x
|
QUARTERLY
REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
|
|
For
the quarterly period ended: November 30,
2006
|
o
|
TRANSITION
REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
1934
|
|
For
the transition period from ______________ to
______________
|
Nevada
|
06-1754875
|
(State
or other jurisdiction of
incorporation
or organization)
|
(IRS
Employer
Identification
Number)
|
PART
I. FINANCIAL INFORMATION
|
|
|
|
|
|
Item
1.
|
Financial
Statements
|
4
|
Item
2.
|
Management’s
Discussion and Analysis or Plan of Operation
|
15
|
Item
3.
|
Controls
and Procedures
|
21
|
|
|
|
PART
II. OTHER INFORMATION
|
|
|
|
|
|
Item
1.
|
Legal
Proceedings
|
22
|
Item
2.
|
Unregistered
Sales of Equity Securities and Use of Proceeds
|
|
Item
3.
|
Defaults
Upon Senior Securities
|
22
|
Item
4.
|
Submission
of Matters to a Vote of Security Holders
|
22
|
Item
5.
|
Other
Information
|
22
|
Item
6.
|
Exhibits
|
22
|
|
November
30
|
|
|
May
31,
2006
|
|
||
|
|
|
2006
|
|
|
(Audited
)
|
|
|
|
|
(Unaudited)
|
(Restated
)
|
|
||
|
|||||||
ASSETS
|
|||||||
|
|||||||
Current
Assets
|
|||||||
Cash
and Cash Equivalents
|
$
|
18,330
|
$
|
43,538
|
|||
Accounts
Receivable
|
20,017
|
-
|
|||||
Inventory
|
23,104
|
36,436
|
|||||
|
|||||||
Total
Current Assets
|
61,451
|
79,974
|
|||||
|
|||||||
Long
Term Assets
|
|||||||
Equipment
- Net
|
22,139
|
28,805
|
|||||
Vehicles
- Net
|
12,091
|
14,305
|
|||||
Network
Infrastructure & Software
|
40,676
|
43,763
|
|||||
Other
Assets
|
3,653
|
3,673
|
|||||
|
|||||||
Total
Long Term Assets
|
78,559
|
90,546
|
|||||
|
|||||||
Total
Assets
|
$
|
140,010
|
$
|
170,520
|
|||
|
|||||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
|||||||
|
|||||||
Liabilities
|
|||||||
Accounts
Payable
|
$
|
769
|
$
|
46,423
|
|||
Shareholder
Loan - Related Party
|
28,673
|
||||||
Current
Portion - Vehicle Loan
|
5,739
|
5,484
|
|||||
|
|||||||
Total
Current Liabilities
|
6,508
|
80,580
|
|||||
|
|||||||
Vehicle
Loan
|
9,797
|
13,069
|
|||||
Loan
from Shareholder
|
166,689
|
||||||
|
|||||||
Total
Liabilities
|
182,994
|
93,649
|
|||||
|
|||||||
Stockholders'
Equity
|
|||||||
|
|||||||
Common
Stock, authorized
|
|||||||
50,000,000
shares, par value $0.0001,
|
|||||||
issued
and outstanding on November 30,
|
|||||||
2006
and May 31, 2006 is 17,915,053
|
|||||||
and
17,869,283 respectively
|
1,794
|
1,789
|
|||||
Paid
in Capital
|
547,924
|
510,913
|
|||||
Subscription
Receivable
|
-
|
-
|
|||||
Accumulated
Currency Translation
|
-
|
14,141
|
|||||
Accumulated
Deficit
|
(592,702
|
)
|
(449,972
|
)
|
|||
|
|||||||
Total
Stockholders' Equity
|
(42,984
|
)
|
76,871
|
||||
|
|||||||
Total
Liabilities and Stockholders' Equity
|
$
|
140,010
|
$
|
170,520
|
|
|
|
Six Months
Ended
|
|
|
Three
Months
Ended
|
|
||||||
|
|
|
November
30,
|
|
|
November
30,
|
|
||||||
|
2006
|
2005
|
2006
|
2005
|
|||||||||
|
|||||||||||||
|
$
|
198,697
|
$
|
77,982
|
$
|
66,157
|
$
|
69,934
|
|||||
|
|||||||||||||
|
117,279
|
63,417
|
38,590
|
59,205
|
|||||||||
|
|||||||||||||
Gross
Profit
|
81,418
|
14,565
|
27,567
|
10,729
|
|||||||||
|
|||||||||||||
|
|||||||||||||
General
and Administrative
|
195,095
|
228,781
|
111,503
|
122,979
|
|||||||||
Professional
Fees
|
29,053
|
61,042
|
25,731
|
8,774
|
|||||||||
Officer
Compensation
|
-
|
-
|
-
|
-
|
|||||||||
|
|||||||||||||
Total
Expenses
|
224,148
|
289,823
|
137,234
|
131,753
|
|||||||||
|
|||||||||||||
|
$
|
(142,730
|
)
|
$
|
(275,258
|
)
|
$
|
(109,667
|
)
|
$
|
(121,024
|
)
|
|
|
|||||||||||||
|
|||||||||||||
Currency
Translation
|
-
|
3,570
|
-
|
3,570
|
|||||||||
|
|||||||||||||
|
$
|
(142,730
|
)
|
$
|
(271,688
|
)
|
$
|
(109,667
|
)
|
$
|
(117,454
|
)
|
|
|
|||||||||||||
|
|||||||||||||
(Loss)
per Share
|
$
|
(0.01
|
)
|
$
|
(0.02
|
)
|
$
|
(0.01
|
)
|
$
|
(0.01
|
)
|
|
|
|||||||||||||
Weighted
Average
|
|||||||||||||
Number
of Shares
|
17,885,810
|
17,440,232
|
17,885,810
|
17,440,232
|
|||||||||
|
|||||||||||||
|
|||||||||||||
The
company relocated its home office to the U.S. and adjusted
|
|||||||||||||
the
foreign currency translation to contributed capital:
|
|||||||||||||
|
$
|
(14,141
|
)
|
|
|
|
|
|
|
|
|
|
|
|
Foreign
|
|
|
|
|
|
||||||
|
|
Common Stock
|
|
Paid
in
|
|
|
Subscriptions
|
|
|
Currency
|
|
|
Accumulated
|
|
|
Total
|
|
|||||
|
|
|
Shares
|
|
|
Amount
|
|
|
Capital
|
|
|
Receivable
|
|
|
Translation
|
|
|
Deficit
|
|
|
Equity
|
|
Shares
Issued to Founders
|
||||||||||||||||||||||
at
$0.0001 per share
|
51,000,000
|
$
|
5,100
|
$
|
4,900
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
10,000
|
|||||||||
Deposits
received for
|
||||||||||||||||||||||
stock
subscriptions
|
89,264
|
89,264
|
||||||||||||||||||||
Currency
Translation
|
1,115
|
1,115
|
||||||||||||||||||||
|
||||||||||||||||||||||
Net
Loss
|
|
|
|
|
|
(29,058
|
)
|
(29,058
|
)
|
|||||||||||||
|
||||||||||||||||||||||
Balance,
May 31, 2004
|
51,000,000
|
5,100
|
4,900
|
89,264
|
1,115
|
(29,058
|
)
|
71,321
|
||||||||||||||
|
||||||||||||||||||||||
Shares
Issued for Cash at
|
||||||||||||||||||||||
$0.15
per share
|
666,667
|
67
|
99,933
|
(89,264
|
)
|
10,736
|
||||||||||||||||
Shares
Issued for Cash at
|
||||||||||||||||||||||
$0.001
per share
|
5,300,000
|
530
|
4,470
|
5,000
|
||||||||||||||||||
Founders
Shares Cancelled
|
(41,000,000
|
)
|
(4,100
|
)
|
4,100
|
-
|
||||||||||||||||
Shares
Issued for Services
|
||||||||||||||||||||||
at
$0.35 per share
|
38,592
|
4
|
13,503
|
13,507
|
||||||||||||||||||
Shares
Issued for Cash and
|
||||||||||||||||||||||
subscriptions
receivable
|
||||||||||||||||||||||
at
$0.15 per share
|
746,704
|
75
|
111,930
|
(87,527
|
)
|
24,478
|
||||||||||||||||
|
||||||||||||||||||||||
Currency
Translation
|
2,612
|
2,612
|
||||||||||||||||||||
|
||||||||||||||||||||||
Net
(Loss)
|
|
|
|
|
|
(58,941
|
)
|
(58,941
|
)
|
|||||||||||||
|
||||||||||||||||||||||
Balance,
May 31, 2005
|
16,751,963
|
1,676
|
238,836
|
(87,527
|
)
|
3,727
|
(87,999
|
)
|
68,713
|
|||||||||||||
|
||||||||||||||||||||||
Cash
Received on
|
||||||||||||||||||||||
Subscription
Receivable
|
87,527
|
87,527
|
||||||||||||||||||||
Shares
Issued for Cash for
|
||||||||||||||||||||||
$0.15
per share
|
291,400
|
29
|
43,681
|
43,710
|
||||||||||||||||||
Shares
issued for Acqusition
|
||||||||||||||||||||||
at
$1.00 per share
|
15,000
|
2
|
14,998
|
15,000
|
||||||||||||||||||
Shares
Issued for Cash for
|
||||||||||||||||||||||
$0.25
per share
|
420,000
|
42
|
104,958
|
105,000
|
||||||||||||||||||
Shares
issued for Services
|
||||||||||||||||||||||
at
$0.10 per share
|
295,000
|
30
|
29,470
|
29,500
|
||||||||||||||||||
Shares
Issued for Cash at
|
||||||||||||||||||||||
$0.25
per share
|
275,920
|
28
|
68,952
|
68,980
|
||||||||||||||||||
Shares
Issued for Cash at
|
||||||||||||||||||||||
$0.50
per share
|
20,000
|
2
|
9,998
|
10,000
|
||||||||||||||||||
Shares
returned and Cancelled
|
(200,000
|
)
|
(20
|
)
|
20
|
-
|
||||||||||||||||
Currency
Translation
|
10,414
|
10,414
|
||||||||||||||||||||
|
||||||||||||||||||||||
Net
(Loss)
|
|
|
|
|
|
(361,973
|
)
|
(361,973
|
)
|
|||||||||||||
|
||||||||||||||||||||||
Balance,
May 31, 2006
|
17,869,283
|
1,789
|
510,913
|
-
|
14,141
|
(449,972
|
)
|
76,871
|
||||||||||||||
|
||||||||||||||||||||||
Contributed
Capital
|
14,141
|
(14,141
|
)
|
-
|
||||||||||||||||||
Shares
Issued for Cash at
|
||||||||||||||||||||||
$0.50
per share
|
20,000
|
2
|
9,998
|
10,000
|
||||||||||||||||||
Shares
issued for Services
|
||||||||||||||||||||||
at
$0.10 per share
|
25,750
|
3
|
12,872
|
12,875
|
||||||||||||||||||
|
||||||||||||||||||||||
Net
(Loss)
|
|
|
|
|
|
(142,730
|
)
|
(142,730
|
)
|
|||||||||||||
|
||||||||||||||||||||||
Balance,
November 30, 2006
|
17,915,033
|
$
|
1,794
|
$
|
547,924
|
$
|
-
|
$
|
-
|
$
|
(592,702
|
)
|
$
|
(42,984
|
)
|
Six
Months Ended
November
30,
|
Three
Months Ended
November
30,
|
||||||||||||
|
2006
|
2005
|
2006
|
2005
|
|||||||||
|
|||||||||||||
Operating
Activities
|
|||||||||||||
|
|||||||||||||
Net
Profit / (Loss)
|
$
|
(142,730
|
)
|
$
|
(275,258
|
)
|
$
|
(109,667
|
)
|
$
|
(121,024
|
)
|
|
|
|||||||||||||
Significant
Non-Cash Transactions
|
|||||||||||||
Stock
issued for service
|
12,875
|
50
|
12,875
|
50
|
|||||||||
Contributed
Capital
|
-
|
18,096
|
-
|
-
|
|||||||||
Stock
Cancelled
|
-
|
-
|
-
|
-
|
|||||||||
Subscriptions
Receivable
|
-
|
-
|
-
|
-
|
|||||||||
Depreciation
/ Amortization Expense
|
8,567
|
2,020
|
4,343
|
1,010
|
|||||||||
Foreign
Currency Translation
|
-
|
(6,151
|
)
|
1,146
|
|||||||||
Changes
in Assets and Liabilities
|
|||||||||||||
(Increase)/Decrease
in Inventory
|
13,332
|
(11,758
|
)
|
8,282
|
(74
|
)
|
|||||||
(Increase)/Decrease
in Accounts Receivable
|
(20,017
|
)
|
(22,693
|
)
|
966
|
33,986
|
|||||||
(Increase)/Decrease
in Other Assets
|
20
|
3,609
|
259
|
||||||||||
Increase/(Decrease)
in Payables
|
(45,654
|
)
|
(16,945
|
)
|
(30,615
|
)
|
(4,978
|
)
|
|||||
|
|||||||||||||
Net
Cash (Used) by Operating Activities
|
(173,607
|
)
|
(309,030
|
)
|
(113,816
|
)
|
(89,625
|
)
|
|||||
|
|||||||||||||
Investment
Activities
|
|||||||||||||
Purchase
of Network Infastructure
|
(2,072
|
)
|
-
|
-
|
-
|
||||||||
Equipment
Purchase
|
5,727
|
(11,521
|
)
|
-
|
(6,222
|
)
|
|||||||
|
|||||||||||||
Cash
Used by Investment Activities
|
3,655
|
(11,521
|
)
|
-
|
(6,222
|
)
|
|||||||
|
|||||||||||||
Financing
Activities
|
|||||||||||||
|
|||||||||||||
Proceeds
from Shareholder Loans
|
138,016
|
2,519
|
104,606
|
1,767
|
|||||||||
Proceeds/(Payments)
- Equipment Financing
|
(3,272
|
)
|
(1,548
|
)
|
(1,456
|
)
|
(1,272
|
)
|
|||||
Proceeds
from sale of Common Stock
|
10,000
|
243,736
|
-
|
20,000
|
|||||||||
|
|||||||||||||
Cash
Provided by Financing Activities
|
144,744
|
244,707
|
103,150
|
20,495
|
|||||||||
|
|||||||||||||
Net
Increase / (Decrease) in Cash
|
(25,208
|
)
|
(75,844
|
)
|
(10,666
|
)
|
(75,352
|
)
|
|||||
|
|||||||||||||
Cash,
Beginning of Period
|
43,538
|
86,876
|
28,996
|
86,384
|
|||||||||
|
|||||||||||||
Cash,
End of Period
|
$
|
18,330
|
$
|
11,032
|
$
|
18,330
|
$
|
11,032
|
|||||
|
|||||||||||||
Significant
Non-Cash Transactions:
|
|||||||||||||
The
company relocated its home office to the U.S. and adjusted
|
|||||||||||||
the
foreign currency translation to contributed capital:
|
|||||||||||||
|
$
|
(14,141
|
)
|
||||||||||
|
|||||||||||||
Supplemental
Information:
|
|||||||||||||
Interest
Paid
|
$
|
4,437
|
$
|
1,422
|
$
|
4,437
|
$
|
1,422
|
|||||
Income
Taxes Paid
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
-
|
NOTE 1. |
GENERAL
ORGANIZATION AND BUSINESS
|
NOTE 2. |
SUMMARY
OF SIGNIFICANT ACCOUNTING
PRACTICES
|
|
30-Nov-06
|
31-May-06
|
|||||
Equipment
|
$
|
27,050
|
$
|
32,387
|
|||
Accumulated
Depreciation
|
(4,911
|
)
|
(3,582
|
)
|
|||
Equipment
- Net
|
$
|
22,139
|
$
|
28,805
|
|||
|
|||||||
Vehicle
|
$
|
23,906
|
$
|
24,041
|
|||
Accumulated
Depreciation
|
(11,815
|
)
|
(9,736
|
)
|
|||
Vehicle
- Net
|
$
|
12,091
|
$
|
14,305
|
|||
|
|||||||
Network
Infrastructure
|
$
|
54,100
|
$
|
52,028
|
|||
Accumulated
Depreciation
|
(13,424
|
)
|
(8,265
|
)
|
|||
Network
Infrastructure - Net
|
$
|
40,676
|
$
|
43,763
|
November
30,
|
2006
|
2005
|
|||||
|
|||||||
Numerators
for Basic and Diluted EPS
|
|||||||
Net
income/(loss) to common shareholders
|
$
|
(142,730
|
)
|
$
|
(271,688
|
)
|
|
|
|||||||
Denominators
for Basic and Diluted EPS
|
|||||||
Weighted
average of shares outstanding
|
17,885,810
|
17,440,232
|
|||||
|
|||||||
Basic
and Diluted Earnings/(Loss) Per Share
|
$
|
(0.01
|
)
|
$
|
(0.02
|
)
|
NOTE 3. |
STOCKHOLDERS’
EQUITY
|
NOTE 4. |
NOTES
PAYABLE - RELATED PARTY
TRANSACTION
|
|
30-Nov-
06 |
|
|
31-May-
06 |
|||
Installment
note on vehicle,
|
|||||||
$537
($CDN) payment for 60 months,
|
|||||||
Annual
interest rate at 7.39%
|
$
|
15,536
|
$
|
18,553
|
|||
Less:
Current Portion
|
(5,739
|
)
|
(5,484
|
)
|
|||
Long-Term
Portion
|
9,797
|
14,253
|
|||||
|
|||||||
Demand
note, non-interest,
|
|||||||
Related
Party
|
166,689
|
28,673
|
|||||
|
|||||||
Notes
Payable
|
$
|
176,486
|
$
|
41,742
|
NOTE 5. |
PROVISION
FOR INCOME
TAXES
|
May
31,
|
2006
|
2005
|
|||||
Net
changes in Deferred Tax Benefit
|
$
|
79,634
|
$
|
12,967
|
|||
Valuation
account
|
(79,634
|
)
|
(12,967
|
)
|
|||
Current
Taxes Payable
|
0
|
0
|
|||||
|
|||||||
Net
Provision for Income Taxes
|
$
|
0
|
$
|
0
|
|
Year
|
Amount
|
Expiration
|
|||||||
|
2004
|
$
|
29,058
|
2024
|
||||||
|
2005
|
58,941
|
2025
|
|||||||
|
2006
|
361,973
|
2026
|
|||||||
|
||||||||||
Total
|
$
|
449,972
|
NOTE 6. |
OPERATING
LEASES AND OTHER
COMMITMENTS:
|
|
Year
1
|
|
|
Year
2
|
|
|
Year
3
|
|
|
Year
4
|
|
|
Year
5
|
|||
Retail
Outlets
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
NOTE 7. |
GOING
CONCERN
|
NOTE 8. |
THE
EFFECT OF RECENTLY ISSUED ACCOUNTING
STANDARDS
|
ITEM 2. |
MANAGEMENT'S
DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
|
|
Year
1
|
Year
2
|
Year
3
|
Year
4
|
Year
5
|
|||||||||||
Retail
Outlets
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
$
|
96,450
|
|
Three
Months Ended
|
|||||||||
|
November
30,
|
Increase
|
||||||||
|
2006
|
2005
|
(Decrease
)
|
|
||||||
|
||||||||||
|
||||||||||
Revenue
|
$
|
66,157
|
$
|
69,934
|
$
|
(3,777
|
)
|
|||
|
||||||||||
Cost
of Sales
|
38,590
|
59,205
|
(20,615
|
)
|
||||||
|
||||||||||
Gross
Profit
|
27,567
|
10,729
|
16,838
|
|||||||
|
||||||||||
Expenses
|
||||||||||
General
and Administrative
|
111,503
|
122,979
|
(11,476
|
)
|
||||||
Professional
Fees
|
25,731
|
8,774
|
16,957
|
|||||||
Officer
Compensation
|
-
|
-
|
-
|
|||||||
|
||||||||||
Total
Expenses
|
137,234
|
131,753
|
5,481
|
|||||||
|
||||||||||
Net
Profit / (Loss)
|
$
|
(109,667
|
)
|
$
|
(121,024
|
)
|
11,357
|
Six
Months Ended
November
30,
|
Increase
|
|||||||||
|
2006
|
2005
|
(Decrease)
|
|||||||
|
||||||||||
|
||||||||||
Revenue
|
$
|
198,697
|
$
|
77,982
|
$
|
120,715
|
||||
|
0
|
|||||||||
Cost
of Sales
|
117,279
|
63,417
|
53,862
|
|||||||
|
0
|
|||||||||
Gross
Profit
|
81,418
|
14,565
|
66,853
|
|||||||
|
0
|
|||||||||
Expenses
|
0
|
|||||||||
General
and Administrative
|
195,095
|
228,781
|
(33,686
|
)
|
||||||
Professional
Fees
|
29,053
|
61,042
|
(31,989
|
)
|
||||||
Officer
Compensation
|
-
|
-
|
0
|
|||||||
|
0
|
|||||||||
Total
Expenses
|
224,148
|
289,823
|
(65,675
|
)
|
||||||
|
0
|
|||||||||
Net
Profit / (Loss)
|
$
|
(142,730
|
)
|
$
|
(275,258
|
)
|
$
|
132,528
|
31.1
|
Certification
of report on form 10Q SB, Chief Executive Officer
|
|
|
31.2
|
Certification
of report on form 10Q SB, Chief Financial Officer
|
|
|
32.1
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief
Executive
Officer
|
|
|
32.2
|
Certification
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Chief
Financial
Officer
|
THE
TRADESHOW MARKETING
COMPANY,
LTD.
|
||
|
|
|
Date: October
29, 2007
|
By: | /s/ Bruce Kirk |
President and CEO | ||
Title |
Date: October
29, 2007
|
By:
|
/s/
Peggie-Ann
Kirk
|
|
Chief
Financial Officer
|
|
|
Title
|
1 Year Tradeshow Marketing (CE) Chart |
1 Month Tradeshow Marketing (CE) Chart |
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