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IMAKEMONEY
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Contact Information Business Description
Trustcash Holdings, Inc.
Kent Carasquero
Chief Executive Officer
325-3495 Cambie Street
Vancouver, BC V5Z 4R3
Canada

Phone: (604) 725-4160


Disclosure Category
Current Information
Primary SIC — Industry Classification
7389 - Business services, misc
State Of Incorporation
DE
Jurisdiction Of Incorporation
USA
Company Officers
Kent Carasquero, President, CEO, Dir.

SEC Reporting Status
SEC Reporting Company
CIK
0001157688
Fiscal Year End
12/31
Estimated Market Cap
58,937,344.88 as of Dec 6, 2007
Outstanding Shares
77,549,138 as of Aug 17, 2007
Number of Share Holders of Record
50 as of Mar 15, 2007
Current Capital Change
shs increased by 3 for 1 split. Payable upon surrender
Ex-Date: Jun 13, 2007

Company Notes
Formerly=Ouvo, Inc. until 6-07
Formerly=Casino Entertainment until 5-6-05
Formerly=ReserveNet, Inc. until 7-26-04
Security Notes
Capital Change=shs decreased by 1 for 3 split. Pay date=5-6-05
Capital Change=shs increased by 48 for 1 split immediately followed by 1 for 3 reverse split. Net effect is a 16 for 1 forward split. Effective date=5-6-05. Payable upon surrender
Transfer Agent
Signature Stock Transfer, Inc.,
2301 Ohio Drive
Suite 100
Plano, TX 75093
Press Release Source: Trustcash


Trustcash Partners With Digital Desire and Stephen Hicks
Thursday December 6, 2:00 pm ET


NEW YORK, NY--(MARKET WIRE)--Dec 6, 2007 -- Trustcash Holdings, Inc. (OTC BB:TCHH.OB - News), a pioneer of anonymous secure payment systems for the internet, has signed with Digital Desire to provide Trustcash's services to their website customers. Digital Desire's studios have been producing top-quality photos and videos for over 2 decades. Their high-end imagery has been utilized for years by the world's top magazine publishers.
ADVERTISEMENT


Digital Desire's owner and renowned photographer, J. Stephen Hicks, has been a regular photographer for Penthouse since 1984. His niche with the publication has always been as the avant-garde photographer among the regular contributors. Digital Desire is Hicks' personal website, which brings to one location an amazing collection of high-end erotic stills and video.

J. Stephen Hicks states, "Trustcash enables our sites to monetize a considerable proportion of their user base that either don't want to share their credit card information, or do not own a credit card."

Greg Moss, CEO and Founder of Trustcash, commented, "I am very excited about our relationship with Digital Desire. We haven't seen an adult web product out there that is this slick and well suited for the mainstream audience. Hicks' site is truly the 'Apple' of the Adult Web. This collaboration will allow us to further understand and engage the Adult internet industry. Their customer base provides a terrific market for our anonymous payment system. Both industries have experienced spectacular growth in revenue and membership. Such sites typically have customers who do not own or wish to use their credit cards online. As a result, Trustcash has a real opportunity to increase revenue potential. Customers just want to keep their private life private."

Digital Desire is an enormous library of the finest stills and videos shot by J. Stephen Hicks -- an impressive collection of the world's most amazing nude models shot over the last two decades. The site is high end in both production and feel with a highly personal touch. Adding more than 2,000 new photos and dozens of finely produced videos monthly, Digital Desire is a refined and unique destination for the discerning viewer to see the world's most beautiful girls undress.

About Trustcash Holdings, Inc.

Trustcash(TM) is a pioneer of anonymous payment systems for the internet. It has developed a business based on the sale of a stored value card (both virtual and physical) that can be used by consumers to make secure and anonymous purchases on the internet without disclosing their credit card or personal information. Trustcash payment cards are sold in denominations ranging from $10 to $200 either online, through any of over 1,000 websites, or at over 50,000 retail locations in the United States via MoneyGram. Trustcash's non-reloadable, virtual Trustcash card is the only "stored value card" that can be purchased where no personal data is stored or available, providing a unique level of both security and privacy to the purchaser. For additional information on Trustcash Holdings, Inc., please visit http://www.trustcash.com.

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements. Trustcash intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Trustcash actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in Trustcash's annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed on its website at http://www.sec.gov.


Contact:
Contact
Trustcash Investor Relations
Charles Moskowitz
781-826-8882



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Source: Trustcash

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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TCHH.OB > SEC Filings for TCHH.OB > Form 10QSB on 14-Nov-2007 All Recent SEC Filings



Show all filings for TRUSTCASH HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro

Form 10QSB for TRUSTCASH HOLDINGS, INC.


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14-Nov-2007

Quarterly Report


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
This "Management's Discussion and Analysis" of our financial condition and results of operations and other parts of this report contain forward-looking statements that involve risks and uncertainties. Forward-looking statements can also be identified by words such as "anticipates," "expects," "believes," "plans," "predicts," and similar terms. Forward-looking statements are not guarantees of future performance and our actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in the subsections entitled "Forward-Looking Statements and Factors That May Affect Future Results and Financial Condition" below. The following discussion should be read in conjunction with our financial statements and notes thereto included in this report. All information presented herein is based on our period ended September 30, 2007. Our fiscal year end is December 31

General

The Company was incorporated in the State of Delaware on November 16, 2000, for the purpose of developing a web-based reservation system. Efforts to implement our business plan were hampered by insufficient working capital which caused us to abandon software development. On June 25, 2004, the Company entered into an agreement with Gateway Entertainment Group, Inc., to develop a gaming lifestyle media business offering gambling, entertainment, news and information. Despite early efforts we decided to discontinue gaming operations in early 2005. On August 10, 2006, the Company entered into an agreement with Madman Mining Co. Ltd. and Lloyd C. Brewer, pursuant to which we agreed to purchase a mineral exploration claim in south-central British Columbia, Canada. Exploration of the property was unsuccessful and our plan to continue exploration efforts was abandoned.

On June 30, 2007 the Company acquired Trustcash LLC., pursuant to the terms of a Purchase Agreement, between AP Systems, Inc. (a newly formed wholly owned subsidiary of the Company), Trustcash, LLC ("Trustcash"), and the owners of Trustcash. Trustcash offers the Trustcash™ alternative payment system that enables consumers to make purchases on the Internet privately and securely without using a credit card or writing a check. The Trustcash™ payment system provides a virtual or physical Trustcash™ brand of payment or stored value card, the equivalent to a gift card, which is sold in denominations from $10 to $200 either online at our own website, through any of over 500 websites, or at over 60,000 retail locations in the United States via MoneyGram. Purchasers of the Trustcash™ payment card can use the unique card number to purchase goods and services online without disclosing their identity or personal financial information.

Under the terms of the Purchase Agreement, the Company acquired all of the issued and outstanding membership interests of Trustcash, in exchange for 49,631,448 shares of its common stock and the satisfaction of certain financing commitments. The Company also paid to LTGTTC, LLC, one of the former owners of Trustcash, as partial consideration for its membership interest and to satisfy an outstanding secured promissory note in the principal amount of $96,155 that was in default, the sum of $200,000 in cash, and a Secured Promissory Note in the principal amount of $700,000 that bears 5% interest due on June 30, 2009. The Secured Promissory Note is secured by a first priority security interest over all the assets of Company payable in full at maturity subject to mandatory prepayments equivalent to 25% of any future Company financing.


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Discussion and Analysis

The Company's immediate business strategy is to increase cash flow from operations and acquisitions. We will focus on generating net income to reduce payables We aim to expand operations through the increased usage of our Trustcash™ alternative payment system. Our intention is to encourage increased usage by testing different presentation methods on the Internet in partnership with a variety of traditional retail websites. We will seek to identify and attract a broad consumer market to theTrustcash™ alternative payment system. Our ability to service a growing customer base will remain dependent on our dedication to research and development as the business is necessarily dependent on and sensitive to evolving technology. We are committed to investing in our own technology platform to remain in step with industry advances.

Ultimately, our future financial condition and results of operations will depend primarily on the usage of our Trustcash™ alternative payment system. The market segment that offers consumers a service that ensures internet security and privacy without using a credit card or writing a check is fiercely competitive. The pressure on transaction rates pressure brought on by vigorous competition can have an immediate effect on available cash flow and prospective profitability. Should we be unable to increase the usage of Trustcash™, or remain competitive in transaction rate pricing, we can expect our revenues to decline which may in turn affect the viability of our operations.

The Company's business development strategy is prone to significant risks and uncertainties, some of which can have an immediate impact on our efforts to realize positive net cash flow and deter future prospects of revenue growth. Historically the Company has not been able to generate sufficient cash flow from operations to sustain operations and fund necessary research and development or marketing costs. Therefore, there can be no assurance that the Trustcash™ payment system will ever provide sufficient cash flows to sustain operations. Since the Company does not currently realize sufficient cash flow to sustain operations we will need to rely on debt or equity financing until such time as net profits are realized.

Results of Operations

During the period from January 1, 2007 through September 30, 2007, the Company realized an increase in revenue associated with the usage of the Trustcash™ payment system coupled with a decrease in operating expenses and net losses over the prior nine month period. Despite these operational gains the momentum has been insufficient to overcome a working capital deficit as of September 30, 2007. We expect to continue to sustain net losses over the next twelve months as the Company seeks to grow usage of the Trustcash™ payment system.

Quarters Ended September 30, 2007 and 2006

Net Revenue

Net revenue for the three months ended September 30, 2007 was $17,853 as compared to net revenue of $9,771 for the three month period ended September 30, 2006, an increase of 83%. Net revenue for the nine months ended September 30, 2007 increased to $77,247 from $20,885 for the nine month period ended September 30, 2006, an increase of 270%. The increase in revenues over the three and nine month periods can be primarily attributed to an increase in the usage of our Trustcash™ payment system over the comparative periods. We expect revenue to continue to increase as Trustcash™ expands to additional internet websites.


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Gross Profit

Gross profit for the three months ended September 30, 2007 was $5,423 as compared to gross profit of $5,836 for the three month period ended September 30, 2006, a decrease of 7%. Gross profit for the nine months ended September 30, 2007 was $32,597 as compared to a gross loss of $33,660 for the nine month period ended September 30, 2006. The decrease in gross profit over the three month periods is due to an increase in sales commission and website fees. The transition to a gross profit from a gross loss over the comparative nine month period can be attributed to the increase in revenue in the current period in addition to the re-branding and redirection of Trustcash™ from physical cards to on-line sales. We expect our gross profit to increase in future periods.

Expenses

Operating expenses for the three months ended September 30, 2007 were $321,997 as compared to $264,416 for the three month period ended September 30, 2006. The increase was principally due to the investor communications which amounted to approximately $93,000 and was offset by reduction in other advertising expenses. Operating expenses for the nine months ended September 30, 2007 were $767,282 as compared to $952,232 for the nine month period ended September 30, 2006 a decrease of 19%. The decrease in operating expenses over the comparative nine month periods can be attributed to decreases in selling, general and administrative expenses and development costs in the current period. However, operating expenses may rise in future periods as we intend to devote additional resources to expand marketing of Trustcash™ and to research and development over the next twelve months.

Depreciation and amortization expenses for the three months ended September 30, 2007 and September 30, 2006 were $4,063 and $3,159 respectively. Depreciation and amortization expense for the nine months ended September 30, 2007 and September 30, 2006 were $11,803 and $7,383 respectively. Depreciation and amortization expenses are expected to continue to increase as we acquire additional assets and as existing assets age.

Other Income (Expense)

Other expense, net, for the three month period ended September 30, 2007 were $11,535 as compared to $0 for the nine month period ended September 30, 2006. Other expense, net, for the nine month period ended September 30, 2007 increased to $77,406 from $277 for the nine month period ended September 30, 2006. Other expense in the nine month period ended September 30, 2007 was almost entirely comprised of $122,153 in interest expenses on notes payable offset by a gain on forgiveness of debt of $44,512 as the result of debt settlement agreements with third party contractors. The Company expects that interest expenses will continue to increase until such time as financing is in place to retire existing debt obligations.

Net Losses

Net losses for the three months ended September 30, 2007 were $328,109 as compared to net losses of $258,580 for the three month period ended September 30, 2006, an increase of 27%. Net losses for the nine months ended September 30, 2007 were $812,091 as compared to net losses of $986,169 for the nine month period ended September 30, 2006, a decrease of 17.6%. The increase in net losses over the comparative three month periods can be attributed to an increase on sales commissions and on an interest expense. The decrease in net losses over the comparative nine month periods can be attributed primarily


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to decreases in selling, general and administrative costs. Net losses are expected to continue to decrease as revenue increases and expenses remain relatively constant.

Capital Expenditures

The Company expended $8,309 in computer equipment and software during the nine month period ended September 30, 2007.

Income Tax Expense (Benefit)

The Company has an income tax benefit resulting from net operating losses to offset any future operating profit. However, the Company has not recorded this benefit in the financial statements because we cannot assure that we will utilize the net operating losses carried forward to future years.

Impact of Inflation

The Company believes that inflation has had a negligible effect on operations over the past three years. We believe that we can offset inflationary increases by improving operating efficiencies.

Liquidity and Capital Resources

Cash flows used by operating activities was $864,614 for the nine months ended September 30, 2007 as compared to cash flows used by operating activities of $875,932 for the nine months ended September 30, 2006. The slight decrease in cash flows used by operating activities in the nine months ended September 30, 2007, is due primarily to the decrease in net losses over the comparative nine month periods Anticipated increases in revenues are expected to decrease losses in future periods and reduce cash flow used in operating activities.

Cash flows used in investing activities for the nine months ended September 30, 2007 were $3,617 as compared to cash flow used in investing activities of $17,136 for the nine months ended September 30, 2006. Cash flow used in investing activities in the nine months ended September 30, 2007 was spent on the acquisition of computer equipment and computer software. We expect that cash flows used in investing activities will increase in future periods as our business expands.

Cash flows provided by financing activities were $930,856 for the nine months ended September 30, 2007 as compared to cash flow provided by financing activities of $901,164 for the nine months ended September 30, 2006. Cash flows provided by financing activities in the nine months ended September 30, 2007 consisted of proceeds from the issuance of common shares and proceeds from notes payable. We expect to continue to seek cash flow from financing activities until such time as our revenues exceed our expenses.

The Company has suffered recurring losses from operations; the Company experienced a deficiency of cash from operations and lacks sufficient liquidity to continue its operations. Currently, the Company does not have significant cash or other material assets, nor does it have operations or a source of revenue which is adequate to cover its administrative costs for a period in excess of one year and allow it to continue as going concern. As of September 30, 2007, the Company has accumulated deficit of $2,364,464. When its operations require additional financing, if the Company is unable to obtain it on reasonable terms, the Company will be forced to restructure, file for bankruptcy or cease operations.


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These factors raise substantial doubt about the Company's ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amount of liabilities that might be necessary should the Company be unable to continue in existence. Continuation of the Company as a going concern is dependent upon achieving profitable operations. Management's plans to achieve profitability include entering into arrangements with more significant content partners which management has determined will assist in attracting new customers, and increasing sales to existing customers. Management is seeking to raise additional capital through equity issuance, debt financing and acquisitions. However, there are no assurances that sufficient capital will be raised.

The Company has no current plans for the purchase or sale of any plant or equipment.

The Company has no current plans to make any changes in the number of employees.

Off Balance Sheet Arrangements

As of September 30, 2007, the Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures.

Critical Accounting Policies

In the notes to the audited financial statements for the year ended December 31, 2006, included our Form 8-K/A filed on July 17, 2007 the Company discusses those accounting policies that are considered to be significant in determining the results of operations and our financial position. We believe that the accounting principles which we utilized conform to accounting principles generally accepted in the United States of America.

The preparation of financial statements requires management to make significant estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses. By their nature, these judgments are subject to an inherent degree of uncertainty. We base our estimates on historical experience and other facts and circumstances that are believed to be reasonable, and the results form the basis for making judgments about the carrying value of assets and liabilities. The actual results may differ from these estimates under different assumptions or conditions.


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Stock-Based Compensation

On January 1, 2006, we adopted SFAS No. 123 (revised 2004) (SFAS No. 123R), Share-Based Payment, which addresses the accounting for stock-based payment transactions in which an enterprise receives employee services in exchange for
(a) equity instruments of the enterprise or (b) liabilities that are based on the fair value of the enterprise's equity instruments or that may be settled by the issuance of such equity instruments. In January 2005, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) No. 107, which provides supplemental implementation guidance for SFAS No. 123R. SFAS No. 123R eliminates the ability to account for stock-based compensation transactions using the intrinsic value method under Accounting Principles Board (APB) Opinion No. 25, Accounting for Stock Issued to Employees, and instead generally requires that such transactions be accounted for using a fair-value-based method. We use the Black-Scholes-Merton ("BSM") option-pricing model to determine the fair-value of stock-based awards under SFAS No. 123R, consistent with that used for pro forma disclosures under SFAS No. 123, Accounting for Stock-Based Compensation. We have elected the modified prospective transition method as permitted by SFAS No. 123R and accordingly prior periods have not been restated to reflect the impact of SFAS No. 123R. The modified prospective transition method requires that stock-based compensation expense be recorded for all new and unvested stock options, restricted stock, restricted stock units, and employee stock purchase plan shares that are ultimately expected to vest as the requisite service is rendered beginning on January 1, 2006, the first day of our fiscal year 2006. Stock-based compensation expense for awards granted prior to January 1, 2006 is based on the grant date fair-value as determined under the pro forma provisions of SFAS No. 123. Prior to the adoption of SFAS No. 123R, we measured compensation expense for our employee stock-based compensation plans using the intrinsic value method prescribed by APB Opinion No. 25. We applied the disclosure provisions of SFAS No. 123 as amended by SFAS No. 148, Accounting for Stock-Based Compensation - Transition and Disclosure, as if the fair-value-based method had been applied in measuring compensation expense. Under APB Opinion No. 25, when the exercise price of the Company's employee stock options was equal to the market price of the underlying stock on the date of the grant, no compensation expense was recognized. We account for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance with SFAS No. 123 and the conclusions reached by the Emerging Issues Task Force ("EITF") in Issue No. 96-18. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider of goods or services as defined by EITF 96-18.

Recent Accounting Pronouncements


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In February 2007, the Financial Accounting Standards Board (the "FASB") issued SFAS No. 159, "The Fair Value Option for Financial Assets and Financial Liabilities" (SFAS 159). SFAS 159 allows the company to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. SFAS 159 is effective for fiscal years beginning after November 15, 2007. The Company is currently evaluating the requirements of SFAS 159 and the potential impact on the Company's financial statements.

In September 2006, the FASB issued SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans - an amendment of FASB Statements No. 87, 88, 106 and 132(R)" (SFAS 158"). SFAS 158 requires an employer that sponsors one or more single-employer defined benefit plans to (a) recognize the overfunded or underfunded status of a benefit plan in its statement of financial position, (b) recognize as a component of other comprehensive income, net of tax, the gains or losses and prior service costs or credits that arise during the period but are not recognized as components of net periodic benefit cost pursuant to SFAS 87, "Employers' Accounting for Pensions", or SFAS 106, "Employers' Accounting for Postretirement Benefits Other Than Pensions", (c) measure defined benefit plan assets and obligations as of the date of the employer's fiscal year-end, and (d) disclose in the notes to financial statements additional information about certain effects on net periodic benefit cost for the next fiscal year that arise from delayed recognition of the gains or losses, prior service costs or credits, and transition asset or obligation. SFAS 158 is effective for the Company's fiscal year ending December 31, 2007. The Company is currently reviewing the impact of this statement.

In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurement" ("SFAS 157"). The Statement provides guidance for using fair value to measure assets and liabilities. The Statement also expands disclosures about the extent to which companies measure assets and liabilities at fair value, the information used to measure fair value, and the effect of fair value measurement on earnings. This Statement applies under other accounting pronouncements that require or permit fair value measurements. This Statement does not expand the use of fair value measurements in any new circumstances. Under this Statement, fair value refers to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the market in which the entity transacts. SFAS 157 is effective for the Company for fair value measurements and disclosures made by us in our fiscal year beginning on January 1, 2008. We are currently reviewing the impact of this statement.

In July 2006, the FASB issued FIN. 48, "Accounting for Uncertainty in Income Taxes (an interpretation of FASB Statement No. 109)"("FIN 48") which is effective for fiscal years beginning after December 15, 2006. This interpretation was issued to clarify the accounting for uncertainty in income taxes recognized in the financial statements by prescribing a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The adoption of FIN 48 is not expected to have a material impact on the Company's financial position, results of operations or cash flows.

In March 2006, the Financial Accounting Standards Board (the "FASB")issued Statements of Financial Accounting Standards ("SFAS") No. 156, "Accounting for Servicing of Financial Assets", which amends SFAS No. 140. SFAS No. 156 may be adopted as early as January 1, 2006, for calendar year-end entities, provided that no interim financial statements have been issued. Those not choosing to early adopt are


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required to apply the provisions as of the beginning of the first fiscal year that begins after September 15, 2006 (e.g. January 1, 2007, for calendar year-end entities). The intention of the new statement is to simplify accounting for separately recognized servicing assets and liabilities, such as those common with mortgage securitization activities, as well as to simplify efforts to obtain hedge-like accounting. Specifically, the FASB said SFAS No. 156 permits a servicer using derivative financial instruments to report both the derivative financial instrument and related servicing asset or liability by using a consistent measurement attribute, or fair value. The adoption of SFAS No. 156 is not expected to have a material impact on the Company's financial position, results of operations or cash flows.

In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid Financial Instruments", which amends SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities" and SFAS No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities". SFAS No. 155 permits fair value measurement for any hybrid financial instrument that contains an embedded derivative that otherwise would require bifurcation, establishes a requirement to evaluate interests in securitized financial assets to identify interests that are freestanding derivatives or hybrid financial instruments containing embedded derivatives. The adoption of SFAS No. 155 is not expected to have a material impact on the Company's financial position, results of operations or cash flows.

Forward Looking Statements and Factors That May Affect Future Results and Financial Condition

The statements contained in the sections titled "Results of Operations" and "Management's Discussion and Analysis," with the exception of historical facts, are forward looking statements within the meaning of Section 27A of the Securities Act. A safe-harbor provision may not be applicable to the forward looking statements made in this prospectus because of certain exclusions under
Section 27A (b). Forward looking statements reflect our current expectations and beliefs regarding our future results of operations, performance, and achievements. These statements are subject to risks and uncertainties and are based upon assumptions and beliefs that may or may not materialize. These statements include, but are not limited to, statements concerning:

• our anticipated financial performance;

• the sufficiency of our existing capital resources;

• our ability to fund cash requirements for future operations;

• uncertainties related to the growth of our business and use of services;

• our ability to maintain an adequate customer base to realize sufficient revenue for operations; and

• general economic conditions.

The Company wishes to caution readers that our operating results are subject to various risks and uncertainties that could cause our actual results to differ materially from those discussed or anticipated including the factors set forth in the section entitled "Risk Factors" The Company also wishes to advise readers not to place any undue reliance on the forward looking statements contained in this report, which reflect our beliefs and expectations only as of the date of this report. We assume no obligation to update or revise these forward looking statements to reflect new events or circumstances or any changes in our beliefs or expectations, other than is required by law.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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ITS JUST A PUMP!! PLAY IT THAT WAY,JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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PPS .39 BOUNCE?

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
BooDog
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quote:
Originally posted by IMAKEMONEY:
ITS JUST A PUMP!! PLAY IT THAT WAY,JMO

[Eek!] [Eek!] [Eek!]


TRUSTCASH HOLDINGS (OTC BB:TCHH.OB)

Last Trade: 0.39
Trade Time: 3:53PM ET
Change: 0.23 (37.10%)
Prev Close: 0.62
Open: 0.62
Bid: 0.39 x 5000
Ask: 0.43 x 5000
1y Target Est: N/A

Day's Range: 0.39 - 0.62
52wk Range: 0.39 - 1.67
Volume: 489,354
Avg Vol (3m): 292,057
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): N/A
Div & Yield: N/A (N/A)

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7800 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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YEP GLAD IT NEVER START UP OR I MIGHT HAVE BOUGHT IN BOO, NOW IM THINKING PLAY THE BOUNCE?

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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IMAKEMONEY
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PPS .36

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
   

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