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TCLL ..Posted profit for 1st quarter...Low float...$56,000,000 1st qtr
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[QUOTE]Originally posted by dreamer_rick: [QB] TCLL has reported prfit and revenues .. + chart looks good to me ..low float but I think it's ready to run Company Information Tricell Inc Website Annual Report 6 Howard Place Stoke-on-Trent Phone: +44 8707 53-2360 Staffordshire ST1 4NQ Fax: n/a Tricell, Inc.. The Group's principal activity is to supply and distribute mobile telephones, telephone accessories and electronic commodities. The Group handles wireless products manufactured by technology companies such as Nokia, Motorola, Sony Ericsson, Kyocera, Samsung, Siemens, Panasonic, NEC and Toshiba. The customers of the Group include wireless network operators, resellers, retailers and wireless equipment manufacturers. The Group distributes the commodities in the United Kingdom, Netherlands, Belgium, Hong Kong, France and Other countries. TRICELL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS March 31, 2005 December 31, (Unaudited) 2004 ASSETS CURRENT ASSETS Cash $ 481,866 $ 6 Inventory 1,477,834 — VAT receivable, net 196,626 43,691 Notes and loans receivable 1,128,454 57,798 Receivable from shareholder 58,063 59,534 Accounts receivable, net 20,820,941 503,939 Prepaid expenses and other current assets 78,726 256,809 Total Current Assets 24,242,510 921,777 MACHINERY AND EQUIPMENT, NET 49,777 53,542 INTELLECTUAL PROPERTY, NET 70,463 77,064 TOTAL ASSETS $ 24,362,750 $ 1,052,383 LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) CURRENT LIABILITIES Income taxes payable $ 2,919,879 $ 2,888,672 Accounts payable 23,074,577 1,163,701 Accrued expenses and other current liabilities 1,202,079 1,253,902 Line of credit 979,611 — Total Current Liabilities 28,176,146 5,306,275 STOCKHOLDERS’ EQUITY (DEFICIT) Common stock 93,753 93,753 Additional paid-in capital 314,757 314,757 Retained deficit (4,504,010 ) (4,833,911 ) Accumulated other comprehensive income 439,610 368,391 Deferred compensation (157,506 ) (196,882 ) Total Stockholders’ Equity (Deficit) (3,813,396 ) (4,253,892 ) TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) $ 24,362,750 $ 1,052,383 The accompanying notes are an integral part of these financial statements F-1 -------------------------------------------------------------------------------- Table of Contents TRICELL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2005 AND 2004 (Unaudited) 2005 2004 SALES $ 56,265,752 $ 4,308,161 COST OF SALES 55,487,564 4,229,964 GROSS PROFIT 778,188 78,197 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 560,156 600,544 INCOME (LOSS) FROM OPERATIONS 218,032 (522,347 ) OTHER INCOME (EXPENSES) Interest expense and other financing costs (4,456 ) (42,875 ) Interest income 286 — Total Other Income (Expenses) (4,170 ) (42,875 ) INCOME (LOSS) BEFORE INCOME TAXES 213,862 (565,222 ) INCOME TAX (EXPENSE) BENEFIT (103,284 ) 86,976 NET INCOME (LOSS) $ 110,578 $ (478,246 ) EARNING PER SHARE - BASIC AND DILUTED $ — $ (0.01 ) WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC AND DILUTED $ 93,726,031 $ 93,539,359 The accompanying notes are an integral part of these financial statements F-2 -------------------------------------------------------------------------------- Table of Contents TRICELL, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2005 AND 2004 (Unaudited) 2005 2004 CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 110,578 $ (478,246 ) Adjustments to reconcile net income (loss) to net cash provided by (used) in operating activities: Depreciation and amortization 7,189 40,520 Amortization of deferred compensation 157,504 — Changes in operating assets and liabilities: (Increase) decrease in: Inventory (1,488,027 ) — VAT receivable (155,076 ) 1,395,449 Accounts receivable (20,469,671 ) (70,386 ) Other receivables (796,761 ) — Prepaid and other current assets — 49,094 Increase (decrease) in: Accounts payable and accrued expenses 22,057,121 (17,756 ) Other current liabilities (22,352 ) — Income taxes payable 103,284 (86,975 ) Net Cash Provided By (Used in) Operating Activities (496,211 ) 831,700 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of machinery and equipment — 159,674 Cash paid in acquisition of ACL — (137,724 ) Loans to third-parties (166,555 ) (450,743 ) Loans to shareholder — (24,842 ) Net Cash Provided by (Used In) Investing Activities (166,555 ) (453,635 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net increase in line of credit 986,368 — Repayment of long-term debt — (70,206 ) Repayment of loan to third-parties 56,759 — Net Cash Provided by (Used In) Financing Activities 1,043,127 (70,206 ) NET INCREASE IN CASH 380,361 307,859 EFFECT OF EXCHANGE RATE ON CASH 101,499 1,865 CASH, BEGINNING OF PERIOD: 6 183,241 CASH, END OF PERIOD: $ 481,866 $ 492,965 SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: Interest paid during the year $ — $ 42,874 Income taxes paid during the year $ — $ — SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: Shares issued as deferred compensation $ — $ 315,010 TCLL -- Tricell, Inc. Com ($0.001) Address: 6 Howard Place Stoke-on-Trent Staffordshire, ST1 4NQ United Kingdom Phone: 011 44 8707 53 2360 Business Description: Not Available State of Incorporation: NV Officers: Andre Salt, CEO; Robert Stone, Pres.; Albert Amritanand, Sec't. Outstanding Shares: 93,500,000 as of 2004-01-07 Estimated Market Cap: Not Available Current Capital Change: shs increased by 20 for 1 split Ex-Date: 2003-07-28 Record Date: 2003-07-28 Pay Date: 2003-07-28 Dividends: Company Notes: Formerly=4forGolf, Inc. until 7-03 Transfer Agent: Signature Stock Transfer, Inc., Plano, TX 75093 http://eol.edgar-online.com/edgar_conv_html/2005/07/05/0000950134-05-012851.html#FIS_TOP_OF_DOCUMENT Chart: http://stockcharts.com/def/servlet/SC.web?c=tcll,uu[w,a]daclyyay[dc][pc20!d20,2!f][vc60][iut!Uh14,3!La12,26,9]&pref=G [/QB][/QUOTE]
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