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UNITED STATES

SECURITIES ANDEXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-QSB

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(Mark one)

[X] QUARTERLY REPORT UNDER SECTION 13OR 15(d) OF THE SECURITIES ACT OF 1934

 

For the quarterly period ended March31, 2003

 

[ ] TRANSITION REPORT UNDER SECTION13 OR 15(d) OF EXCHANGE ACT

 

For the transition period from_________ to __________

 

Commission file number 0-29631

 

2000 New Commerce,Inc.

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(Name of SmallBusiness Issuer in its charter)

 

                           Nevada                            95-4783102

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                       (State or other jurisdiction of     (I.R.S. Employer

                       incorporation or organization)     Identification No.)

 

625 Howe St., Suite600

Vancouver, BC CanadaV6C 2T6

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(Address of principalexecutive offices) (Zip code)

 

 

(604) 683-6648

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(Issuer's telephonenumber)

 

State the number of sharesoutstanding of each of the issuer's classes of common equity, as of March 31,2003

    Common stock3,000,000 shares

Transitional Small BusinessDisclosure Format

(Check one): Yes [ ] No [ X]

 

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TABLE OF CONTENTS

 

                                                   PAGE

PART I- FINANCIAL INFORMATION

Item 1. FinancialStatements....................... 3-8

Item 2. Plan ofOperation.......................... 8-9

PART II- OTHER INFORMATION

Item 1. Legal Proceedings.......................... 9

Item 2. Changes in Securities...................... 9

Item 3. Defaults UponSenior Securities. .......... 9

Item4. Submission of Matters to a Vote of

Security Holders. ......................... 9

Item 5. Other Information.......................... 9-10

Item 6. Subsequent Events.......................... 10

Item 7. Exhibits andReports on Form 8-K........... 10

SIGNATURES. ....................................... 10

 

 

 

 

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PART I- FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

 

 

See accompanying note to financialstatements.

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See accompanying note to financialstatements.

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See accompanying note to financialstatements.

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See accompanying note to financialstatements.

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2000 New Commerce,Inc.

(A Development StageCompany)

NOTE TO FINANCIALSTATEMENTS

March 31, 2003

(Un-audited)

 

BASIS OF PRESENTATION

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The accompanying un-audited financialstatements have been prepared in accordance with generally accepted accountingprinciples for interim financial information and with the instructions to Form10 QSB and Item 310(b) of Regulation S-B. Accordingly, they do not include allof the information and footnotes required by generally accepted accountingprinciples for complete financial statements. In the opinion of management, alladjustments (consisting of normal recurring accruals) considered necessary for afair presentation have been included. During the three month period ended March31, 2003 Stockholders' Equity (Deficit) changed only by the amount of the netloss. Operating results for the three month period ended March 31, 2003 are notnecessarily indicative of the results that may be expected for the year endedDecember 31, 2003. For further information refer to the audited financialstatements and footnotes included in the Company's Form 10-KSB filing forDecember 31, 2002.

 

The Company's financial statementshave been presented on the basis that is a going concern, which contemplates therealization of assets and the satisfaction of liabilities in the normal courseof business. From inception to date the Company has only incurred net losses andhas had no revenues. These factors, among others, raise substantial doubt as tothe Company's ability to continue as a going concern.

 

2000 New Commerce, Inc. ("theCompany") was incorporated in the state of Nevada on January 31, 2000. TheCompany is a development stage enterprise. From inception on January 31, 2000 todate (March 31, 2003) the Company has had no revenues.

 

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Item 2. Plan of Operation

 

    On February 18,2000 the Company filed a Registration Statement on Form 10-SB with the UnitedStates Securities and Exchange Commission. The Registration Statement wenteffective on April 18, 2000.

 

    The business ofthe Company is developing e-commerce opportunities, including sales over theInternet and advisory services in this area.

 

    The Company, whichhas no employees, is a development stage enterprise. From inception to date theCompany has had no revenues.

 

    The Company'smanagement is seeking funding from a variety of sources. However, there can beno assurance management will be successful in these endeavors. For the remainderof calendar 2003, and the last three quarters of calendar 2003 absent otherfunding being obtained, the Company's primary funding source will be PresidentNikolai who will provide funding for corporate expenses.

 

Forward-Looking Statements

    This Form 10-QSBincludes "forward-looking statements" within the meaning of the "safe-harbor"provisions of the Private Securities Litigation Reform Act of 1995. Suchstatements are based on management's current expectations and are subject to anumber of factors and uncertainties that could cause actual results to differmaterially from those described in the forward-looking statements. Allstatements, other than statements of historical facts included in this Form,regarding the Company's financial position, business strategy, and plans andobjectives of management of the Company for future operations, areforward-looking statements.

 

PART II- OTHER INFORMATION

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Item 1. Legal Proceedings

 

    The Company is nota party to any pending legal proceeding. Management is not aware of anythreatened litigation, claims or assessments.

 

Item 2. Changes in Securities

 

    None.

 

Item 3. Defaults Upon SeniorSecurities

 

    None.

 

Item 4.Submission of Matters to a Vote of Security Holders

 

    None.

 

Item 5. Other Information

 

    In early August,2002 a transaction was completed whereby majority control of the Company wastransferred to an investor, Dr. Egon Nikolai. Dr. Nikolai's business address is12357 56A Avenue, Surrey, B.C. V3X 3H7 Canada. 

 

Item 6. Subsequent Events

 

    On April 10, 2003the Company named Troy Nikolai as Director to serve as President and CEO. Mr.Nikolai is an accountant with C.J. Willoghby in Burnaby BC Canada. On April 10,2003 Jake Bottay agreed to be a Director and will serve as Secretary and CFO.Mr. Bottay is a self-employed consultant and is Director of Belmont ResourcesInc and Highbank Resources Inc, both of Vancouver BC. Mr. Bottay resides in N.Vancouver BC.

 

Item 7. Exhibits and Report onForm 8-K

 

    No Exhibits

 

There were no reports filed on Form8-K during the three month period ended March 31, 2003.

 

 

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SIGNATURES

 

In accordance with the requirementsof the Exchange Act, the registrant caused this report to be signed on itsbehalf by the undersigned, thereunto duly authorized.

 

                               2000 New Commerce, Inc.

 

Dated: June 27, 2005          ***/s/ Troy Nikolai                       ***

                              Troy Nikolai, President, CEO, Director

 

                              ***/s/ Egon Nikolai                       ***

                              Egon Nikolai, Chairman of the Board

 

                              ***/s/ Jake Bottay                       ***

                              Jake Bottay, Secretary, CFO, Director

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