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 endedSeptember 30, 2003

 

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

ACT

 

For the transition period from to

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Commission file number0-29631

 

2000 New Commerce,Inc.

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(Name of SmallBusiness Issuer in its charter)

 

Nevada 95-4783102

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(State or otherjurisdiction of (I.R.S. Employer

incorporation ororganization) 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 ofSeptember 30, 2003

Common stock 3,000,000 shares

 

Transitional Small BusinessDisclosure Format

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

 

 

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TABLE OF CONTENTS

                                                    PAGE

PART I- FINANCIAL INFORMATION

Item 1. Financial Statements....................... 3-8

Item 2. Plan of Operation.......................... 8-9

PART II- OTHER INFORMATION

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

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

Item 3. Defaults Upon Senior Securities. .......... 9

Item 4. Submission of Matters to a Vote of

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

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

Item 6. Exhibits and Report on Form 8-K. .......... 10

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

 

 

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PART I- FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

2000 New Commerce,Inc.

(A Development StageCompany)

BALANCE SHEET

September 30, 2003

(Un-audited)

 

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2000 New Commerce,Inc.

(A Development StageCompany)

STATEMENT OFOPERATIONS 

(Un-audited)

2000 New Commerce, Inc.

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       2000 New Commerce, Inc.

(A Development StageCompany)

STATEMENT OF CHANGESIN SHAREHOLDERS' EQUITY (DEFICIT)

For the period January31, 2000 (inception) to

September 30, 2003

(Un-audited)

 

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2000 New Commerce,Inc.

(A Development StageCompany)

STATEMENT OF CASH FLOWS

(Un-audited)

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2000 New Commerce,Inc.

(A Development StageCompany)

NOTE TO FINANCIALSTATEMENTS

Sept 30, 2003

(Un-audited)

BASIS OF PRESENTATION

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The accompanying un-audited financial statements have been prepared inaccordance with generally accepted accounting principles for interim financialinformation and with the instructions to Form 10 QSB and Item 310(b) ofRegulation S-B. Accordingly, they do not include all of the information andfootnotes required by generally accepted accounting principles for completefinancial statements. In the opinion of management, all adjustments (consistingof normal recurring accruals) considered necessary for a fair presentation havebeen included. During the nine month period ended September 30, 2003Stockholders' Equity (Deficit) changed only by the amount of the net loss.Operating results for the nine month period ended September 30, 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 statements have been presented on the basis that is agoing concern, which contemplates the realization of assets and the satisfactionof liabilities in the normal course of business. From inception to date theCompany has only incurred net losses and has had no revenues. These factors,among others, raise substantial doubt as to the Company's ability to continue asa going concern.

2000 New Commerce, Inc. ("the Company") was incorporated in the state ofNevada on January 31, 2000. The Company is a development stage enterprise. Frominception on January 31, 2000 to date (September 30, 2003) the Company has hadno revenues.

Item 2. Plan of Operation

On February 18, 2000 the Company filed a Registration Statement on Form 10-SBwith the United States Securities and Exchange Commission. The RegistrationStatement went effective on April 18, 2000.

The business of the Company is developing e-commerce opportunities, includingsales over the Internet and advisory services in this area.

The Company, which has no employees, is a development stage enterprise. Frominception to date the Company has had no revenues.

The Company's management is seeking funding from a variety of sources.However, there can be no assurance management will be successful in theseendeavors. For the remainder of calendar 2003, absent other funding beingobtained, the Company's primary funding source will be President Nikolai whowill provide funding for corporate expenses.

Forward-Looking Statements

This Form 10-QSB includes "forward-looking statements" within the meaning ofthe "safe-harbor" provisions of the Private Securities Litigation Reform Act of1995. Such statements are based on management's current expectations and aresubject to a number of factors and uncertainties that could cause actual resultsto differ materially 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.

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PART II- OTHER INFORMATION

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Item 1. Legal Proceedings

The Company is not a party to any pending legal proceeding. Management is notaware of any threatened litigation, claims or assessments.

Item 2. Changes in Securities

None.

Item 3. Defaults Upon Senior Securities

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 ofthe Company was transferred to an investor, Dr. Egon Nikolai. Dr. Nikolai'sbusiness address is 12357 56A Avenue, Surrey, B.C. V3X 3H7 Canada. On April 10,2003 the Company named Troy Nikolai as Direcor to serve as President and CEO.Mr. Nikolai is an acoountant with C.J. Willoghby in Burnaby BC Canada. On April10, 2003 Jake Bottay agreed to be a Director and will serve as Secretary andCFO. Mr Bottay is a self-employed consultant and is Director of BelmontResources Inc and Highbank Resources Inc, both of Vancouver BC. Mr. Bottayresides in N. Vancouver BC. In April 2003, the Company opened a bank accountwith loans from Egon Nikolai in order to pay its accounts payables of annualincorporation fees and Securities and Exchange Commission filing fees. In April2003, the Company entered into an agreement with a consulting firm with a commondirector of the Company for a period of 12 months to render consulting services,including services related to market analysis, public relations, financialplanning, investment banking services and to facilitate all regulatory filingsnecessary.

Item 6. Subsequent Events

None

Item 7. Exhibits and Report on Form 8-K

No Exhibits

Form 8K previously filed with the SEC April 10, 2003

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrantcaused this report to be signed on its behalf by the undersigned, thereunto dulyauthorized.

2000 New Commerce, Inc.

 

Dated: November 15, 2005                --------------------------------

                                       /s/ Troy Nikolai,President,CEO,Director

    

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                                       /s/ Egon Nikolai

                                       Chairman of the Board

 

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                                       /s/ Jake Bottay,Secretary,CFO,Director