NAME/SYMBOL CHANGES Updated Date Old Symbol Old Name New Symbol New Name Comment 13:36 05/16/2006 ADIS Addison Industries Inc Common Stock BZLH Bonanza Land Holdings, Inc. Common Stock 1-100 R/S ** 13:36 05/16/2006 CMTR Chemtrak Inc Common Stock MVMK Medivisor Marketing, Inc. Common Stock 1-100 R/S ** 13:36 05/16/2006 DINO Dinosaurus Inc Common Stock DRUS Dinosaurus, Inc. New Common Stock 1-200 R/S ** 13:36 05/16/2006 DMEEF Damian Capital Corp Ordinary Shares (Canada) CPVFF CPVC Financial Inc Ordinary Shares (Canada) ** 13:36 05/16/2006 PSRE PowerSource Corporation Common Stock GSFC Globe Staff Consulting Corporation Common Stock 1-50 R/S ** 13:36 05/16/2006 YIFN YIFAN Communications, Inc. Common Stock YFCM YIFAN Communications, Inc. New Common Stock
Posts: 388 | Registered: Jan 2006
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posted
Morning everyone. Hope you all are doing well. Just a few more days and it's Tuesday and we should have our stock. Try to stay focused and positive.
PS, I'm selling my truck if anyone is interested. It's very nice. Send me a message.
Posts: 311 | From: TN | Registered: Aug 2005
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posted
Thanks MCJA for posting. I became diasappointed when I saw the r/s news and went offline. As I looked at GSFC today, it still is not trading, but there is a bid quote of $110 and an asking quote of $550.........who is putting those numbers in if nothing is trading?
posted
Custom, I am hearing that the outstanding shares are now at 136,000 for GSFC. If thats true they are probably going to issue more shares, hopefully in a divi to SSTY shareholders.
They are going to have to come out with some PR on this soon.
Posts: 388 | Registered: Jan 2006
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posted
GSFC should go way up if they start volume trading on it. The company is already making a profit in France with its present contracts. At least that is what McKay had mentioned on one of his video tapings about ssty.
posted
This one appears to be trading upward the last few days but sometimes it hard to tell for sure the way it bounces around.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
isn't the dividend date the 22nd, if one buys more before that date will they receive the shares of ONTV ?
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
Has anyone ever SOLD their shares for .003 or above in this company? Just curious, thanks.
Vagabond
-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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-------------------- You are what you do, not what you say! Posts: 473 | From: Where ever the next train takes me! | Registered: Apr 2006
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posted
Hopefully it won't be that long before it will reach that price again then hopefully .10 then $1.00.
Posts: 180 | From: North Carolina | Registered: Nov 2005
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SSTY Confirms Ex-Dividend Date for ONTV/TPID Forward Split, Name Change and Symbol Change; Also Record and Payable Dates for SSTY Shareholder Dividend
PR Newswire via COMTEX
May 19, 2006 9:00:40 AM
BEIJING and PHILADELPHIA, May 19, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Sure Trace Security Corporation (OTC: SSTY) today confirmed that the NASD officially set May 23, 2006 as the ex-dividend date regarding the ONTV/TPID forward split, name change and symbol change, with a May 2nd Record Date and a May 22nd Payable Date. The ONTV shares regarding the forward split will be mailed out by the transfer agent on Monday, May 22, 2006 as previously announced.
The Company also confirmed that the 23rd is also the ex-dividend date for SSTY shareholders to receive the TPID share dividend. The Record Date for SSTY shares to qualify to receive the ONTV/TPID share dividend is the close of the market, May 25, 2006. The Payable Date for these dividend shares is Tuesday, May 30, 2006. This is the date the Company's transfer agent will issue and mail the new certificates to SSTY shareholders as of the Record Date.
Posts: 388 | Registered: Jan 2006
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posted
I am expecting after the 23rd for some news on the future of SSTY on getting uplisted, this needs to happen soon.
Posts: 388 | Registered: Jan 2006
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posted
i agree , one of these mornings we will wake up and be on another board , then SSTY will really start to move.
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
yeah right! this week is gonna be intense... 19.697:1 + Bendis' gang take control of our two brand new baby perls.
Posts: 77 | From: Minnesnowta | Registered: Nov 2005
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ITEM 8.01: OTHER EVENTS The Registrant has recently effected a number of changes dealing with its name, symbol and capital structure of Registrant. Specifically:
1.
On March 16, 2005, the Registrant acquired a technology license ("License") from Sure Trace Security Corporation ("SSTY") for an initial term of five years, with an automatic renew for additional five years. The License granted the Registrant the worldwide rights to manufacture and sell products using SSTY's anti-counterfeiting technology. In exchange for this license, the Registrant issued 52,349,249 shares of common stock and 16,000 shares of preferred stock, valued in total at $598,927.
2.
On May 4, 2006, the Registrant amended its Articles of Incorporation to change its name to True Product ID, Inc. effective upon a date declared by the NASD.
3.
On the same date, the Registrant also amended its Articles of Incorporation to increase the authorized shares of common stock from 100,000,000 shares to 1,000,000,000 shares of which 800,000,000 shares are designated as Class A and 200,000,000 are designated as Class B.
4.
On May 8, 2006, Registrant declared a 2 for 1 forward stock split of the Registrant's common stock, to be effective upon a date declared effective on by the NASD.
5.
Finally, SSTY (which owns 80% of the Registrant, a subsidiary of SSTY) intends to declare a dividend of restricted shares it holds, effective upon a date to be declared effective, to Registrant's shareholders at a ratio of 1 share of TPDI for each 19 shares of SSTY currently owned.
6.
The NASD declared effective the name change (May 18, 2006); issued TPDI as Registrant's new trading symbol (May 18, 2006); has declared Registrant's forward split (May 22, 2006) and associated ex-dividend date (May 23, 2006); and will declare the spin-off/dividend to SSTY shareholders of record on May 25, 2006 (with an associated payment date of May 30, 2006).
As a result of the foregoing, the Registrant is now True Product ID, Inc., it has been recapitalized as outlined and, once the shares are spun-off, the Registrant will be a free standing company, operating autonomously from SSTY.
Other than as described in the Form 8-K, Registrant is not aware of any plans or proposals which would result in any material change in its present capitalization or dividend policy; any other material change in Registrant's business or corporate structure; any changes in Registrant's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of Registrant by any person; causing a class of securities of Registrant to be delisted from national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; a class of equity securities of Registrant becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Ace; or any action similar to any of those enumerated above
Posts: 388 | Registered: Jan 2006
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549
FORM 10-QSB
[X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended March 31, 2006 or
[ ] Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Commission File Number 000-29249
TRUE PRODUCT ID, INC. (Exact name of small business issuer as specified in its charter)
Delaware 16-1499611 ------------------------------------- ------------------ (State or other jurisdiction of (IRS Employer Identification Number) incorporation or organization)
2600 Centre Square West 1500 Market Street
Philadelphia, Pennsylvania 19102 (Address of principal executive offices)
(215) 496-8102 (Issuer's Telephone Number)
ONTV, Inc. 2444 Innovation Way, Bldg. 10, Rochester, New York 14624 (Former name, former address and former fiscal year, if changed since last report) Check whether the issuer (1) filed all reports required to be filed by Section 15 or 15 (d) or the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-25 of the Exchange Act):
Yes [X] No [ ]
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:
Class Outstanding at March 31, 2006
Common Stock 76,071,110
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]
ONTV, INC. & SUBSIDIARIES (A DELAWARE CORPORATION) PHILADELPHIA, PENNSYLVANIA
CONSOLIDATED BALANCE SHEETS ================================================================================ ========================= (UNAUDITED) MARCH 31, June 30, 2006 2005 -------------------------------------------------------------------------------- -------------------------
ASSETS
CURRENT ASSETS Cash and Cash Equivalents $ 2,199 $ 50,823 Inventory -- 296,544 -------------------------------------------------------------------------------- -------------------------
TOTAL CURRENT ASSETS 2,199 347,367
PROPERTY AND EQUIPMENT - NET OF ACCUMULATED DEPRECIATION -- 54,189
OTHER ASSETS Accounts Receivable - Related Party -- 37,850 Interest Receivable - Related Party 8,625 -- Note Receivable - Related Party 300,000 -- Deposits -- 6,667 Due from Officer -- 82,193 Intangible Assets - Net of Accumulated Amortization -- 260,542 Investments in Affiliates -- 107,561 Technology License - Net of Accumulated Amortization 596,431 -- -------------------------------------------------------------------------------- ------------------------- TOTAL ASSETS $ 907,255 $ 896,369 ================================================================================ =========================
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES Accounts Payable and Accrued Expenses $ 33,333 $ 210,769 Debt - Due Within One Year -- 6,321 -------------------------------------------------------------------------------- ------------------------- TOTAL CURRENT LIABILITIES 33,333 217,090
OTHER LIABILITIES Accrued Expenses - Related Party 521,500 473,000 Due to Related Party 137,240 -- -------------------------------------------------------------------------------- ------------------------- TOTAL LIABILITIES 692,073 690,090 -------------------------------------------------------------------------------- -------------------------
STOCKHOLDERS' EQUITY Common Stock: $.001 Par; 100,000,000 Shares Authorized; 76,071,110 and 23,721,861 Shares Issued, respectively; and 76,071,110 and 23,594,361 Shares Outstanding, respectively 76,071 23,722 Preferred Stock: $.001 Par; 5,000,000 Shares Authorized; 36,000 and 20,000 Shares Issued and Outstanding, respectivley 36 20 Additional Paid-In Capital 1,603,680 1,057,118 Accumulated Deficit (1,463,105) (855,372) -------------------------------------------------------------------------------- ------------------------- 216,682 225,488 Less: Stock Held in Trust 1,500 1,500 Treasury Stock: -0- and 127,500 Shares, respectively, at Cost -- 17,709 -------------------------------------------------------------------------------- ------------------------- TOTAL STOCKHOLDERS' EQUITY 215,182 206,279 -------------------------------------------------------------------------------- ------------------------- TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 907,255 $ 896,369 ================================================================================ =========================
The accompanying notes are an integral part of these financial statements.
ONTV, INC. & SUBSIDIARIES (A DELAWARE CORPORATION) PHILADELPHIA, PENNSYLVANIA
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY ================================================================================ ====================================================
Common Preferred Additional Total Stock Stock Paid-In Accumulated Stock Held Treasury Stockholders' ($0.001 Par) ($0.001 Par) Capital Deficit in Trust Stock Equity -------------------------------------------------------------------------------- ----------------------------------------------------
Issuance of 20,000 Shares for Payment of Accrued Expenses - Related Party -- 20 4,980 -- -- -- 5,000
Issuance of 1,000 Shares for Partial Payment of Renegotiated Note Payable 1 -- 39 -- -- -- 40
Net Income for the Period (Unaudited) -- -- -- 169,978 -- -- 169,978 -------------------------------------------------------------------------------- ----------------------------------------------------
Net Loss for the Period (Unaudited) -- -- -- (10,525) -- -- (10,525) -------------------------------------------------------------------------------- ----------------------------------------------------
Transfer to Related Party in Connection With Sale of Subsidiaries -- -- -- -- -- 17,709 17,709
Issuance of 52,349,249 Shares of Common Stock and 16,000 Shares of Preferred Stock for Acquisition of Technology License 52,349 16 546,562 -- -- -- 598,927
Net Loss for the Period (Unaudited) -- -- -- (607,733) -- -- (607,733) -------------------------------------------------------------------------------- ---------------------------------------------------- BALANCE - MARCH 31, 2006 (UNAUDITED) $ 76,071 $ 36 $ 1,603,680 $(1,463,105) $ (1,500) $ -- $ 215,182 ================================================================================ ====================================================
The accompanying notes are an integral part of these financial statements.
REVENUES, NET OF RETURNS $ -- $ -- $ -- $ -- -------------------------------------------------------------------------------- ------------------------------- EXPENSES Amortization 2,496 -- 2,496 -- Payroll and Payroll Taxes -- 33,022 48,500 107,022 Officer and Director Compensation 33,333 -- 33,333 --
TOTAL EXPENSES 35,829 33,022 84,329 107,022 ================================================================================ ===============================
LOSS BEFORE OTHER INCOME AND PROVISION FOR INCOME TAXES (35,829) (33,022) (84,329) (107,022)
OTHER INCOME Interest Income - Related Party 4,312 -- 8,625 -- -------------------------------------------------------------------------------- -------------------------------
LOSS BEFORE PROVISION FOR INCOME TAXES (31,517) (33,022) (75,704) (107,022)
Provision for Income Taxes -- -- -- -- -------------------------------------------------------------------------------- -------------------------------
LOSS FROM OPERATIONS (31,517) (33,022) (75,704) (107,022) -------------------------------------------------------------------------------- -------------------------------
DISCONTINUED OPERATIONS Income (Loss) from Operations of Disposed Subsidiaries, Net of Taxes -- 170,659 (10,245) 277,000 Loss from Disposal of Subsidiaries, Net of Taxes -- -- (521,784) -- -------------------------------------------------------------------------------- -------------------------------
INCOME (LOSS) FROM DISCONTINUED OPERATIONS -- 170,659 (532,029) 277,000 -------------------------------------------------------------------------------- -------------------------------
NET INCOME (LOSS) FOR THE PERIOD $ (31,517) $ 137,637 $ (607,733) $ 169,978 ================================================================================ ===============================
EARNINGS PER SHARE ================================================================================ =============================== Weighted Average Number of Common Shares Outstanding - Basic and Diluted 33,028,394 23,594,217 26,736,406 23,593,642
Earnings Per Common Share - Basic and Diluted Loss from Operations $ (0.00) $ (0.00) $ (0.00) $ (0.00) Income (Loss) from Discontinued Operations (0.00) 0.01 (0.02) 0.01 ------------ ------------ ------------ ------------ Net Income (Loss) $ (0.00) $ 0.01 $ (0.02) $ 0.01 ================================================================================ ===============================
The accompanying notes are an integral part of these financial statements.
ONTV, INC. & SUBSIDIARIES (A DELAWARE CORPORATION) PHILADELPHIA, PENNSYLVANIA
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) ================================================================================ ===
Nine Months Ended March 31, 2006 2005 -------------------------------------------------------------------------------- ---
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME (LOSS) FOR THE PERIOD $(607,733) $ 169,978
ADJUSTMENTS TO RECONCILE NET INCOME (LOSS) FOR THE PERIOD TO NET CASH FLOWS FROM OPERATING ACTIVITIES: Amortization 2,496 128,855 Depreciation -- 12,273 Loss on Disposal of Subsidiaries 521,784 -- Loss from Operations of Disposed Subsidiaries 10,245 --
CHANGES IN ASSETS AND LIABILITIES: Inventory -- 25,000 Interest Receivable - Related Party (8,625) -- Accounts Payable and Accrued Expenses 33,333 303,383 Accrued Expenses - Related Party 48,500 107,022 -------------------------------------------------------------------------------- --
NET CASH FLOWS FROM OPERATING ACTIVITIES -- 746,511 -------------------------------------------------------------------------------- -- CASH FLOWS FROM INVESTING ACTIVITIES Cash and Cash Equivalents in Disposed Subsidiaries (48,624) -- Capitalized Website Development Costs -- (10,625) -------------------------------------------------------------------------------- --
NET CASH FLOWS FROM INVESTING ACTIVITIES (48,624) (10,625) -------------------------------------------------------------------------------- --
CASH FLOWS FROM FINANCING ACTIVITIES Advances from Line of Credit -- 1,773 Repayment of Debt -- (240,000) -------------------------------------------------------------------------------- -- NET CASH FLOWS FROM FINANCING ACTIVITIES -- (238,227) -------------------------------------------------------------------------------- --
NET CHANGE IN CASH AND CASH EQUIVALENTS (48,624) 497,659
Cash and Cash Equivalents - Beginning of Period 50,823 33,004 -------------------------------------------------------------------------------- --
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 2,199 $ 530,663 ================================================================================ ===
- continued -
The accompanying notes are an integral part of these financial statements.
ONTV, INC. & SUBSIDIARIES (A DELAWARE CORPORATION) PHILADELPHIA, PENNSYLVANIA
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - CONTINUED ================================================================================ ============
Nine Months Ended March 31, 2006 2005 -------------------------------------------------------------------------------- ------------
NON-CASH INVESTING AND FINANCING ACTIVITIES ================================================================================ ============
SALE OF SUBSIDIARY VIA THE ISSUANCE OF NOTE RECEIVABLE $ 300,000 $ --
ISSUANCE OF COMMON AND PREFERRED STOCK FOR ACQUISITION OF TECHNOLOGY LICENSE $ 598,927 $ --
ISSUANCE OF PREFERRED STOCK FOR PARTIAL PAYMENT OF ACCRUED EXPENSES - RELATED PARTY $ -- $ 5,000
ISSUANCE OF COMMON STOCK FOR PARTIAL PAYMENT OF RENEGOTIATED NOTE PAYABLE $ -- $ 40
REDUCTION OF COST OF DOMAIN NAME VIA RENEGOTIATED NOTE PAYABLE $ -- $2,063,708
ASSETS AND LIABILITIES TRANSFERRED TO RELATED PARTY IN CONNECTION WITH SALE OF SUBSIDIARIES: Cash and Cash Equivalents $ 48,624 $ -- Inventory $ 296,544 $ -- Property and Equipment $ 54,189 $ -- Accounts Receivable - Related Party $ 37,850 $ -- Deposits $ 6,667 $ -- Due from Officer $ 82,193 $ -- Intangible Assets $ 260,542 $ -- Investments in Affiliates $ 107,561 $ -- Accounts Payable and Accrued Expenses $ (210,769) $ -- Debt $ (6,321) $ -- Due to Related Party $ 137,240 $ -- Treasury Stock $ 17,709 $ -- ================================================================================ ============
The accompanying notes are an integral part of these financial statements.
NOTE A - BASIS OF PRESENTATION The condensed consolidated financial statements of ONTV, Inc. & Subsidiaries (the "Company") included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). Certain information and footnote disclosures normally included in financial statements prepared in conjunction with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and the notes thereto included in the Company's Form 10-KSB Annual Report and other reports filed with the SEC.
The accompanying unaudited interim consolidated financial statements reflect all adjustments of a normal and recurring nature which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented. The results of operations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole.
RECLASSIFICATIONS
Certain amounts in the prior year consolidated financial statements have been reclassified to conform with the current year presentation. The reclassifications made to the prior year have no impact on the net income (loss), or overall presentation of the consolidated financial statements.
NOTE B - DISCONTINUED OPERATIONS In September 2005, the stockholders of the Company approved the sale of the Seen OnTV, Inc. subsidiary, along with all of the Company's assets associated with the operations of Seen OnTV, Inc., which included all of the other wholly-owned subsidiaries, to the Company's Former President, Daniel M. Fasano. In return, Mr. Fasano has agreed to pay the Company $300,000, through a Note Receivable bearing interest at 5.75% annually, and assume responsibility of all of the Company's liabilities, including all potential outstanding litigation liabilities, except for any amounts owed to Mr. Fasano for accrued and unpaid compensation and amounts owed to Seen OnTV, Inc. by ONTV, Inc. In addition, 25% of the net, after-tax income from the operations of Seen OnTV, Inc will be paid to ONTV, Inc. until the purchase price, plus accrued interest, is paid in full. As a result of this sale, ONTV, Inc. had no subsidiaries or revenue generating operations.
NOTE C - CHANGE IN CONTROL On March 16, 2006, the Company acquired a Technology License ("License") from Sure Trace Security Corporation ("STC") for an initial term of five years, with an automatic renewal for an additional five years. The License grants the Company the worldwide rights to manufacture and sell products using STC's "anti-counterfeiting technology". In exchange for this License, the Company issued 52,349,249 shares of common stock and 16,000 shares of preferred stock, valued in total at $598,927. The License will be amortized as a charge to operations on a straight-line method over the ten year term of the License.
On March 21, 2006, Daniel M. Fasano, Former President and Director, sold 20,000 shares of the Series A Preferred Stock owned and under his control, to STC, a related party.
As a result of the above transactions, there has been a change in control of the Company, as STC now owns and/or controls 78.8% of the outstanding common stock voting rights.
NOTE D - EMPLOYMENT AGREEMENTS In March 2006, the Company entered into an Executive Employment Agreement with Richard A. Bendis ("Bendis"), where Bendis will serve as the Company's President and Chief Executive Officer for a three year term, with annual compensation of $500,000.
In March 2006, the Company entered into an Director Employment Agreement with James MacKay ("MacKay"), where MacKay will serve as the Company's Chairman of the Board of Directors for a three year term, with annual compensation of $300,000.
NOTE E - SUBSEQUENT EVENTS On May 4, 2006, the Company amended the articles of incorporation to change the name of the Corporation to True Product ID, Inc.
On May 4, 2006, the Company also amended the articles of incorporation to increase the authorized shares of common stock from 100,000,000 to 1,000,000,000, of which 800,000,000 shares are designated as Class A and 200,000,000 shares are designated as Class B.
On May 8, 2006, the Company declared a 2 for 1 forward stock split of the Company's common stock, to be effective on May 23, 2006.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
As disclosed in the Company's annual report on Form 10-KSB for the year ended June 30, 2005, the Company completed the sale of its assets on September 27, 2005. As a result of this sale, the Company was not conducted any business as of September 30, 2005.
For the period indicated, the Company planned to acquire a new business which may provide more value to the Company's shareholders. See attached "Note-Subsequent Events" and the associated Form 8-K being filed this date with regard to post-report events.
It is expected that any new business will be acquired with shares of the Company's common stock.
ITEM 3. CONTROLS AND PROCEDURES
Richard A. Bendis, the Company's Chief Executive and Principal Financial Officer, has evaluated the effectiveness of the Company's disclosure controls and procedures as of the end of the period covered by this report and in his opinion, the Company's disclosure controls and procedures ensure that material information relating to the Company is made known to them by others within those entities, particularly during the period in which this report is being prepared, so as to allow timely decisions regarding required disclosure. To the knowledge of Mr. Bendis there has not been any change in the Company's internal controls over financial reporting during the quarter ended March 31, 2006 that has materially affected, or is reasonably likely to materially affect, the Company's controls.
In accordance with the requirements of the Exchange Act, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ONTV, Inc.
May 18, 2006 /s/ Richard A. Bendis --------------------------------- Richard A. Bendis President & CEO
1. I have reviewed this quarterly report on Form 10-QSB of ONTV, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have significant role in the small business issuer's internal control over financial reporting.
May 18, 2006 By: /s/ Richard A. Bendis ------------------------------ Richard A. Bendis Chief Executive Officer
1. I have reviewed this quarterly report on Form 10-QSB of ONTV, Inc.;
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;
4. The small business issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c) evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and
5. The small business issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and
b) any fraud, whether or not material, that involves management or other employees who have significant role in the small business issuer's internal control over financial reporting.
May 18, 2006 /s/ Richard A. Bendis ------------------------------ Richard A. Bendis Principal Financial Officer
In connection with the Quarterly Report of ONTV, Inc. (the "Company") on Form 10-QSB for the period ending March 31, 2006 as filed with the Securities and Exchange Commission (the "Report"), Richard A. Bendis, the Chief Executive and Principal Financial Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects the financial condition and results of the Company.
May 18, 2006 By: /s/ Richard A. Bendis ---------------------------------- Richard A. Bendis, Chief Executive and Principal Financial Officer
Posts: 388 | Registered: Jan 2006
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posted
Looks like SSTY is going to have a symbol change to SSTYE
Other-OTC System Changes - 05/23/2005
OTCBB Daily List Other-OTC / Portal / PPS Daily List
SECURITY ADDITIONS Updated Symbol Company Name Effective Date/Comments 08:25 SSLV Sino Silver Corp. Common Stock 05/18/2005 From BB effective 5/23/2005 (SSLV) ** 13:30 CHPR China Printing, Inc. New Common Stock 05/24/2005 From BB (CHPRE) ** 13:30 MEWX MediaWorx, Inc. Common Stock 05/24/2005 From BB (MEWXE) ** 13:30 MGRY Montgomery Realty Group, Inc. Common Stock 05/24/2005 From BB (MGRYE) ** 13:30 MLDS Million Dollar Saloon, Inc. Common Stock 05/24/2005 From BB (MLDSE) ** 13:30 MLXO Michelex Corporation Common Stock 05/24/2005 From BB (MLXOE) ** 13:30 MPML MPM Technologies, Inc. Common Stock 05/24/2005 From BB (MPMLE) ** 13:30 MRXT Marx Toys & Entertainment Corporation Common Stock 05/24/2005 From BB (MRXTE) ** 13:30 MTRM Metromedia International Group, Inc. Common Stock 05/24/2005 From BB (MTRME) ** 13:30 OXFV Oxford Ventures, Inc. Common Stock 05/24/2005 From BB (OXFVE) ** 13:30 PHIV Prime Holdings & Investments, Inc. Common Stock 05/24/2005 From BB (PHIVE) ** 13:30 PMDL Pace Medical, Inc. Common Stock 05/24/2005 From BB (PMDLE) ** 13:30 PRMC Prime Companies, Inc. Common Stock 05/24/2005 From BB (PRMCE) ** 16:35 SDVG Superior Development Group Inc Common Stock 05/24/2005 13:30 SSTY Sure Trace Security Corporation Common Stock 05/24/2005 From BB (SSTYE) ** 13:30 TCLL Tricell, Inc. Common Stock 05/24/2005 From BB (TCLLE) ** 13:30 THLT TechLite, Inc. Common Stock 05/24/2005 From BB (THLTE) ** 13:30 TIDC Total Identity Corporation Common Stock 05/24/2005 From BB (TIDCE) ** 13:30 TLEI Total Luxury Group, Inc. Common Stock 05/24/2005 From BB (TLEIE) ** 13:30 TRBD Turbodyne Technologies, Inc. Common Stock 05/24/2005 From BB (TRBDE) ** 13:30 TSFYV Transportation Safety Technology, Inc. Common Stock When Issued 05/24/2005 From BB (TSFVE) ** 13:30 TWRCP Tower Automotive Capital Trust 6.750% Convertible Preferred Securities 05/24/2005 From BB (TWRPE) ** 13:30 VFTR Visual Frontier, Inc. Common Stock 05/24/2005 From BB (VFTRE) ** 13:30 WAIV World Associates, Inc. Common Stock 05/24/2005 From BB (WAIVE) ** 13:30 WSRM Western Sierra Mining Corp. Common Stock 05/24/2005 From BB (WSRME) ** 13:30 ZROS Zeros & Ones, Inc. Common Stock 05/24/2005 From BB (ZROSE) ** SECURITY DELETIONS Updated Symbol Company Name Effective Date/Comments 13:30 APWRQ AstroPower, Inc. Common Stock 05/24/2005 Bankruptcy effective 12/27/2004 ** 13:30 AVDI Advanced Technology Industries, Inc. Common Stock 05/24/2005 Reinstate to OTCBB (AVDIE) ** 15:30 AVSNF Avotus Corporation Ordinary Shares (Canada) 05/24/2005 Going Private Transaction ** 13:30 CINJ COMC, Inc. Common Stock 05/24/2005 Reinstated to OTCBB (CINJE) **** 16:35 COMMQ ATX Communications, Inc. Common Stock 05/24/2005 Bankruptcy effective 4/22/2005 ** 16:35 MLSFZ Mills Corporation (The) Depository Shares representing 1/100th Preferred Series G 05/24/2005 Listed on NYSE (MLS$G)** SYMBOL CHANGES Updated Date Old Symbol New Symbol Name Comment 13:30 05/24/2005 LCDSA LCDSQ Laclede Steel Company New Laclede Steel Company Cl A New ** 15:30 05/24/2005 SUID SUSZ Sushi Trend Co Inc Common Stock ** NAME/SYMBOL CHANGES Updated Date Old Symbol Old Name New Symbol New Name Comment 13:30 05/24/2005 AQFN Aqua Fontanea, Inc. New Common Stock BDWT Budget Waste, Inc. Common Stock ** 13:30 05/24/2005 EELGF Eli Eco Logic Inc. Ordinary Shares (Canada) GDVRF Global Development Resources Inc. Ordinary Shares (Canada) 1-5 R/S ** 13:30 05/24/2005 GWDG Global Wireless & Digital Inc Common Stock AMEL AmerElite Solutions, Inc. Common Stock ** 09:31 05/24/2005 KTEYF K2 Energy Corp. Common Stock (Canada) RRLJF Resilient Resources Ltd. Common Stock (Canada) 1-30 R/S **
Portal System Changes 05/23/2005
There are no entries for Portal issues.
Private Placement Security Changes 05/23/2005
There are no entries for Private Placement Security issues.
Notes Refer to the Daily List of 5/20; Please disregard addition of symbol:BBVCY security still listed NYSE as symbol: BBV.
** indicates NSCC Eligible Security (National Securities Clearing Corporation) Questions concering Other-OTC changes should be directed to : Market Data Integrity at (203)-375-9609. Questions concerning Portal System Changes should be directed to: ACT Operations at (203) 378-0166.
posted
It is probably for 2006 and they just made a mistake when they were typing it up.
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Vagabond
