##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549
   FORM 10 - K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended March 31, 2004 Commission File Number 0-49827   Wiltex A, Inc.  Nevada
(State or Other Jurisdiction of
Incorporation or Organization)
    
    43-195407
(I.R.S. Employer
Identification No.)
 1191 Woodstock, Suite #5, Estes Park, Colorado
80517
(Address of Principal Executive Offices and Zip Code) 970-577-0716
(Registrants Telephone Number, Including Area Code)   Securities Registered Pursuant to Section 12 (b) of the ActNone Securities Registered Pursuant to Section 12 (g) of the ActCommon Stock par value $0.0001 per share
(Title of Class) Indicate by check mark whether the Registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 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 ü No o Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrants knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to
this Form 10-K [   ] Indicate by check mark whether the Registrant is an accelerated filer (as
defined in Rule 12b-2 of the Securities and Exchange Act of 1934). Yes o
No ü The aggregate market value of voting stock held by non-affiliates of the
Registrant was approximately $-0- as of June 22, 2004. All directors, officers
and 5% or greater shareholders are presumed to be affiliates for purposes of
this calculation. There were 5,040,000 shares of Common Stock outstanding as of June 22, 2004. DOCUMENTS INCORPORATED BY REFERENCE
None




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TABLE OF CONTENTS Section
    
    Page NumberITEM 1 
    
    Business
    
    
    3ITEM 2 
    
    Properties
    
    
    6ITEM 3 
    
    Legal Proceedings
    
    
    6ITEM 4 
    
    Submission of Matters to a Vote of Security Holders
    
    
    6ITEM 5 
    
    Markets for
Registrants Common Equity and Related Stockholder Matters
    
    
    6ITEM 6 
    
    Selected Financial Data
    
    
    7ITEM 7 
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    7ITEM 8 
    
    Financial Statements and Supplementary Data
    
    
    8ITEM 9 
    
    Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
    
    
    16ITEM 10 
    
    Directors and Executive Management of the Registrant
    
    
    16ITEM 11 
    
    Executive Compensation
    
    
    17ITEM 12 
    
    Security Ownership of Certain Beneficial Owners and Management
    
    
    17ITEM 13 
    
    Exhibits, Financial Statement Schedules
    
    
    18Section 302 CertificationSection 906 Certification




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PART I 
 ITEM 1  BUSINESS Forward-Looking Statement The statements in this Annual Report on Form 10K of Wiltex A, Inc. (the
Company) regarding future financial and operating performance and results,
and other statements that are not historical facts, are forward-looking
statements, as defined in Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
We use the words may, expect, anticipate, believe, continue,
estimate, project, intend, designed or other similar expressions to
identify forward-looking statements. You should read statements that contain
such words carefully because they discuss future expectations, contain
projections of results of operations or of our financial condition, and/or
state other forward-looking information. These statements also involve risks
and uncertainties, including, but not limited to:  
    
    events, conditions and financial trends that may affect
the Companys future plans and business strategy,
    
    results of expectations and estimates as to prospective events, and
    
    circumstances about which the Company can give no firm assurance. Examples of types of forward-looking statements include statements on
future levels of net revenue and cash flow, strategic plans and financing.
These forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from those projected or anticipated.
Factors that might cause a difference include, but are not limited to:  
    
    general economic conditions in the markets the Company operates in;
    
    the ability to obtain and maintain access to external sources of capital;
    
    the ability to control costs;
    
    overall management of the Companys expansion; and
    
    other risk factors detailed from time to time
in the Companys filings with the Securities and Exchange
Commission. We believe it is important to communicate our expectations of future
performance to our investors. However, events may occur in the future that we
are unable to accurately predict, or that we cannot control. Any
forward-looking statement speaks only as of the date the statement was made,
and the Company undertakes no obligation to update any forward-looking
statement to reflect events or circumstances after the date the statement was
made. Because it is not possible to predict every new factor that may emerge,
forward-looking statements should not be relied upon as a prediction of actual
future financial condition or results. When considering our forward-looking
statements, keep in mind the risk factors and other cautionary statements in
this Annual Report on Form 10-K. The risk factors noted in this section and
other factors noted throughout this prospectus provide examples of risks,
uncertainties and events that may cause our actual results to differ materially
from those contained in any forward-looking statement. If one or more of these
risks or uncertainties materialize, or if underlying assumptions prove
incorrect, actual outcomes may vary materially from those forward-looking
statements included in this Annual Report on Form 10-K. The terms we, our
and us and similar terms refer to the Company and its consolidated
subsidiaries, not to any individual or group of individuals.




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Overview Wiltex A, Inc., was incorporated in the State of Nevada on March 14, 2002
(the Company). The Companys purpose is to engage in any lawful corporate
activity, including possible merger and acquisition opportunities. The Company
is in a development stage and has no operations to date other than issuance of
restricted shares to the original shareholders. The Company was formed to
provide a method for a private domestic or foreign company to become a public
reporting company thereby causing their shares to be qualified to trade in the
domestic secondary markets. There has been no bankruptcy, receivership or similar proceeding in the
Companys history. There has been no material reclassification or merger in the
Companys short history. The Company will attempt to locate another business for the purpose of
merging that company (the Target Company) into the Company. It is possible
that the Target Company will become a wholly owned subsidiary of the Company or
it may sell or transfer assets into the Company and not merge. The Company can
offer no assurance that it will be successful in locating and merging with or
acquiring another entity. The Company has ascertained that there are certain benefits to it in being
a reporting company with a publicly traded class of stock:  
    
    increased ability to raise capital
    
    enhanced visibility in the financial community (which may prove particularly helpful to raise debt, if needed)
    
    presence in the capital markets of the United States
    
    ability to use registered securities to acquire other companies or their assets
    
    improved competitive position
    
    increased corporate prestige
    
    availability of key employees compensation through stock options
    
    enhanced shareholder liquidity and other corporate valuation. Another entity may be interested in merging with the Company if that
entity is interested in using public securities to make acquisitions of other
companies or is interested in becoming public without substantial dilution of
its stock. Other Target Companies may be those which have not been able to
locate an underwriter with acceptable terms, one that feels it can raise
capital on more favorable terms as a public entity or a foreign company
seeking entry into the United States stock markets. The Companys business has numerous associated risks such as: competition,
no operating history to date, lack of any agreements with possible Target
Companies, management control, lack of market research, stock dilution,
taxation, the Target Companys need for audited financial statements,
conflicts of interest (this issue is discussed intra in Item 5) and possible
computer problems. The business of seeking mergers with other companies or acquiring other
companies is highly competitive. There are many large corporations and venture
capital firms that seek other entities with which to merge or acquire and these
corporations and venture capital firms are better financed than the Company and
have more expertise in the field of mergers and acquisitions. Accordingly, the
Company will not be a significant competitor in this field.




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The Company is without operating history. It has no revenue and limited
assets. The Company will in all likelihood operate at a loss and will be
unable to reverse that situation until a merger or acquisition occurs. There
is currently no specific Target Company nor any assurance the Company will be
able to close a business transaction needed to reverse its anticipated losses.
The Company has no current agreement with respect to a merger or acquisition
with a Target Company. There has been no industry identification by management nor has there been
any business model established consisting of the required operating history,
assets and revenues of a Target Company. Therefore, the Company may enter into
an agreement which may result in a business combination with an entity without
significant operating history, revenues or assets precluding the potential for
current earnings or increased net worth. There is no assurance that the Company
will be successful in its plan to merge or acquire another entity. Management of the Company consists of its only officer, as discussed
infra, who will devote a portion of his time to the business of the Company,
especially in attempting to locate and close with a potential Target Company.
There is neither compensation paid nor any agreement present to enter into such
a contract with Management in the future. The loss of this individual could
adversely affect the Companys development and its continued operations. The Company has performed preliminary, limited research in an attempt to
determine whether demand exists for these types of transactions. Even if
further research determines that the demand does in fact exist, there is no
assurance that the Company will be able to conclude a transaction. The successful conclusion of an acquisition or merger by the Company will
probably result in the issuance of securities to the shareholders of the Target
Company. This transaction, or preparation for such a possible transaction, may
cause, in all probability, the shareholders of the Target Company to gain
control of the Company and also cause a change in the existing management. It is the intention of the Company to structure a transaction with a
Target Company to minimize the state and federal tax consequences as they apply
to both parties. There can be no assurance that all statutory requirements can
be met in the proposed reorganization or that the parties will receive tax
benefits desired in a transfer of stock or assets. The Company will seek companies, as immediate Target Companies, which
have audited financial statements or which can assure the Company that said
statements will be furnished within sixty days of closing. If audited
financial statements are not available at closing, the Company will
require representations that the statements, when audited, will not
materially differ from the unaudited statements presented. There is no
assurance that a viable candidate for merger will agree with the Companys
request, which would result in the failure of the transaction to close. The Company does not believe it will become subject to regulation
under the
Investment Company Act of 1940, as amended (the Investment Company Act).
However, if the Company engages in operations which result in it holding
passive investments in more than one other company, it could be subject to the
regulations found in the Investment Company Act and it would have to
register under said Act which could result in significant registration
and compliance costs. The Company has no full-time employees. The Company will send an annual report to its shareholders, which shall
contain audited financial statements. The Company is electronically filing
this Registration Statement with the Securities and Exchange Commission,
(the Commission) without an obligation to do so under the Securities
Exchange Act of 1934, as amended, (the Securities Exchange Act) to comply
with the reporting requirements as promulgated by the Commission. As such,
the Company will advise the shareholders that the Commission maintains an
Internet site that contains reports, proxy and information statements, and
other information regarding issuers that file electronically with the
Commission at http://www.sec.gov.




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Employees The Company has no full-time employees. Risk Factors In addition to the other information in this Annual Report on Form 10-K,
there are risk factors that should be considered in evaluating the Company and
an investment in our common stock. The trading price of the common stock could
decline due to any of these risks, and investors in our common stock could lose
all or part of their investment. 
 ITEM 2  PROPERTIES The Company is currently housed in the offices of its principal
shareholder, Wiltex First, Inc. at 1191 Woodstock, Suite #5, Estes Park,
Colorado 80517. No rent is being charged to the Company and the Company may
remain at this address until a merger is concluded. The Company owns no real
property and has no plans to acquire real property. 
 ITEM 3  LEGAL PROCEEDINGS The Company is not a party to any pending legal proceeding nor is
its property the subject of any legal proceeding. 
 ITEM 4  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS During the period ended March 31, 2004, no matters were submitted to a
vote of our stockholders. PART II 
 ITEM 5  MARKETS FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS Dividend Policy No dividends were paid on any class of equity since inception in 2002. We do
not currently plan to pay any dividends on our common stock. Nevada law could
restrict our ability to pay any dividends on our common stock. Securities Sold The Company has sold the following securities, which were restricted securities, during the past three years. NumberDate
    
    Name
    
    of Shares
    
    ConsiderationMay 1, 2002
    
    Wiltex First, Inc. (1)
    
    
    5,000,000
    
    
    $
    960.00May 15, 2002
    
    Patricia Anne Dickerson (2)
    
    
    10,000
    
    
    $
    10.00May 15, 2002
    
    Charles Michael Jones (3)
    
    
    30,000
    
    
    $
    30.00




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##### Table of Contents



(1) Mr. James Hogue is the President and sole director of the Company and is
also the sole shareholder and director of Wiltex First, Inc. Mr. Hogue is the
beneficial owner of the common securities issued to Wiltex First, Inc. (2) Ms. Dickerson elected to accept common securities as a portion of her fees
for corporate communication services rendered to the Company. (3) Mr. Jones is not an officer, director or beneficial owner of Wiltex First,
Inc. However, he is a consultant to the firm. There has been no underwriting undertaken by the Company. 
 ITEM 6  SELECTED FINANCIAL DATA Financial statements for the Company are included herein as Exhibits. 
 ITEM 7  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS The following discussion should be read in conjunction with the Consolidated
Financial Statements and their related notes found as Exhibits to this Form
10-K. Except for historical facts, all statements included in the following
discussion about our financial position, business strategy, and plans of
management for future operations are forward looking statements.
Forward-looking statements involve risks and uncertainties and actual results
could materially differ from those expressed in or implied by the
forward-looking statements. Results of Operations and Outlook for 2004 The Company is without operating history. It has no revenue and limited
assets. The Company will in all likelihood operate at a loss and will be
unable to reverse that situation until a merger or acquisition occurs.
There is currently no specific Target Company nor any assurance the Company
will be able to close a business transaction needed to reverse its anticipated
losses. The Company has no current agreement with respect to a merger or
acquisition with a Target Company.




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ITEM 8  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA WILTEX A, INC. FINANCIAL STATEMENTS TABLE OF CONTENTS PageReport of Independent Registered Public Accounting Firm
    
    
    F2Balance Sheets as of March 31, 2004 and 2003
    
    
    F3Statements of Operations for the Year Ended March 31, 2004 and for the Period April 16,
2002 (Inception ) to March 31, 2003
    
    
    F4Statements of Stockholders Deficit the Period April 16, 2002 (Inception) to March 31,
2004
    
    
    F5Statements of Cash Flows for the Years Ended March 31, 2004 and for the Period April 16,
2002 (Inception) to March 31, 2003
    
    
    F6Notes to Financial Statements
    
    
    F7
 F-1




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Killman, Murrell & Company P.C.
Certified Public Accountants 505 N. Big Spring, Suite 603
    
    1931 E. 37thStreet, Suite 7
    
    4049 St. ChristopherMidland, Texas 79701
    
    Odessa, Texas 79762
    
    Dallas, Texas 75287(915) 686-9381
    
    (915) 363-0067
    
    (972) 862-3975Fax (915) 684-6722
    
    Fax (915) 363-0376
    
    Fax (972) 862-7894
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Stockholders and Board of Directors
WILTEX A, Inc.
Estes Park, Colorado We have audited the accompanying balance sheets of WILTEX A, Inc. as of March
31, 2004 and 2003, and the related statements of operations, stockholders
deficit and cash flows for the year ended March 31, 2004 and for the period
April 16, 2002 (Inception) to March 31, 2003. These financial statements are
the responsibility of the Companys management. Our responsibility is to
express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of WILTEX A, Inc. at March 31,
2004 and 2003, and the results of its operations and its cash flows for the
year ended March 31, 2004 and for the period April 16, 2002 (Inception) to
March 31, 2003, in conformity with United States generally accepted accounting
principles. Killman, Murrell & Co., P.C.
Dallas, Texas
June 22, 2004 F-2




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WILTEX A, INC. BALANCE SHEETS MARCH 31, 2004 AND 2003 2004
    
    2003ASSETSCURRENT ASSETSCash and Cash Equivalents
    
    $
    771
    
    
    $
    918TOTAL ASSETS
    
    $
    771
    
    
    $
    918LIABILITIES AND STOCKHOLDERS DEFICITCURRENT LIABILITIESAccounts Payable
    
    $
    12,530
    
    
    $
    5,450TOTAL CURRENT LIABILITIES
    
    
    12,530
    
    
    
    5,450STOCKHOLDERS DEFICITCommon Stock, $0.0001 Par Value, Authorized 100,000,000
Shares, Issued and Outstanding 5,040,000
    
    
    504
    
    
    
    504Additional Paid-In Capital
    
    
    517
    
    
    
    517Retained (Deficit)
    
    
    (12,780
    )
    
    
    (5,553
    )TOTAL STOCKHOLDERS DEFICIT
    
    
    (11,759
    )
    
    
    (4,532
    )TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT
    
    $
    771
    
    
    $
    918
 The accompanying notes are an integral part of these
financial statements F-3




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WILTEX A, INC. STATEMENTS OF OPERATIONS April 16, 2002Year Ended
    
    (Inception) toMarch 31,
    
    March 31,2004
    
    2003General and Administrative Expenses
    
    $
    7,227
    
    
    $
    5,553LOSS BEFORE INCOME TAX
    
    
    (7,227
    )
    
    
    (5,553
    )Income Tax Benefit
    
    
    
    
    
    
    NET LOSS
    
    $
    (7,227
    )
    
    $
    (5,553
    )Net Loss Per Share
    
    $
    0.00
    
    
    $
    0.00Weighed Average Number of Common
Shares Outstanding
    
    
    5,040,000
    
    
    
    5,040,000
 The accompanying notes are an integral part of these
financial statements F-4




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WILTEX A, INC. STATEMENTS OF STOCKHOLDERS DEFICIT Number of
    
    
    
    
    
    AdditionalCommon
    
    
    
    
    
    Paid In
    
    RetainedShares
    
    Par Value
    
    Capital
    
    Deficit
    
    TotalSale of 5,040,000 Shares of
Common Stock
    
    
    5,040,000
    
    
    $
    504
    
    
    $
    496
    
    
    $
    
    
    
    $
    1,000Stockholder Contribution
    
    
    
    
    
    
    
    
    
    
    21
    
    
    
    
    
    
    
    21Net Loss, March 31, 2003
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,553
    )
    
    
    (5,553
    )Balance, March 31, 2003
    
    
    5,040,000
    
    
    
    504
    
    
    
    517
    
    
    
    (5,553
    )
    
    
    (4,532
    )Net Loss, March 31, 2004
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (7,227
    )
    
    
    (7,227
    )Balance, March 31, 2004
    
    
    5,040,000
    
    
    $
    504
    
    
    $
    517
    
    
    $
    (12,780
    )
    
    $
    (11,759
    )
 The accompanying notes are an integral part of these
financial statements F-5




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WILTEX A, INC. STATEMENTS OF CASH FLOWS April 16, 2002Year Ended
    
    (Inception) toMarch 31,
    
    March 31,2004
    
    2003CASH FLOW FROM OPERATING ACTIVITIESNet Loss
    
    $
    (7,227
    )
    
    $
    (5,553
    )Change in Current LiabilitiesAccounts Payable
    
    
    7,080
    
    
    
    5,450NET CASH USED BY OPERATING ACTIVITIES
    
    
    (147
    )
    
    
    (103
    )CASH FLOW FROM FINANCING ACTIVITIESSale of Common Stock
    
    
    
    
    
    
    1,000Stockholder Contribution
    
    
    
    
    
    
    21NET CASH PROVIDED BY FINANCING
ACTIVITIES
    
    
    
    
    
    
    1,021NET (DECREASE) INCREASE IN CASH
    
    
    (147
    )
    
    
    918CASH AT BEGINNING OF PERIOD
    
    
    918
    
    
    
    CASH AT END OF PERIOD
    
    $
    771
    
    
    $
    918
 The accompanying notes are an integral part of these
financial statements F-6




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WILTEX A, INC. NOTES TO FINANCIAL STATEMENTS MARCH 31, 2004 AND 2003 NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES Organization  WILTEX A, Inc. (the Company) was incorporated in the State of Nevada on
March 14, 2002 and the initial issuance of common stock occurred on April 16,
2002. The Company elected March 31 as its fiscal year end. Purpose  The Companys purpose is to engage in any lawful corporate activity, including
possible merger and acquisition opportunities. The Company has no operations
to date other than the issuance of restricted shares to the original
shareholders and certain general and administrative expenses have been
incurred. The Company was formed to provide a method for a private domestic
or foreign company to become a publicly reporting company, thereby causing
their shares to be qualified to trade in the domestic secondary markets.The Company is attempting to locate another business for the purpose of
merging that company (the Target Company) into the Company. It is possible
that the Target Company will become a wholly owned subsidiary of the Company
or it may sell or transfer assets into the Company and not merge. The Company
can offer no assurance that it will be successful in locating and merging with
or acquiring another entity. Income Taxes  The Company provides for income taxes by utilizing the asset and liability
approach to financial accounting and reporting for income taxes. Deferred
income tax assets and liabilities are computed for differences between the
financial statement and tax basis of assets and liabilities that will result
in taxable or deductible amounts in the future based on enacted tax laws and
rates applicable to the periods in which the differences are expected to
affect taxable income. Valuation allowances are established when necessary to
reduce deferred tax assets to the amount expected to be realized. Income tax
expense is the tax payable or refundable for the period plus or minus the
change during the period in deferred tax assets and liabilities. Use of Estimates and Assumptions  Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported amounts of
revenues and expenses. Actual results could vary from the estimates that were
used. (Continued) F-7




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WILTEX A, INC. NOTES TO FINANCIAL STATEMENTS MARCH 31, 2004 AND 2003 NOTE 1: ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
PRINCIPLES (CONTINUED) Net Loss Per Common Share  Net loss per common share is based on the weighted average number of common shares outstanding during the period. Cash and Cash Equivalents  For the purpose of reporting cash flows, the Company considers cash in
operating bank accounts, demand deposits, and cash on hand as cash and cash
equivalents. Financial Instruments  The Companys only financial instrument is the cash balance. The carrying
amounts of the financial instrument has been estimated by management to
approximate fair value. NOTE 2: FEDERAL INCOME TAXES  Total income tax benefit is less than the amount computed by multiplying the
loss before income taxes by the statutory federal income tax rate. The
reasons for the difference and the related tax effects at March 31, 2004,
are: 2004
    
    2003Tax Benefit at Statutory Rates (15%)
    
    $
    1,084
    
    
    $
    833Net Operating Loss Carryforward Benefit Valuation Allowance
    
    
    (1,084
    )
    
    
    (833
    )Net Income Tax Benefit
    
    $
    
    
    
    $
    The components of the deferred tax assets are as follows:Deferred Tax AssetsNet Operating Loss Carryforward
    
    $
    (38
    )
    
    $
    15Conversion from Accrual to Cash Basis
    
    
    (1,902
    )
    
    
    818Total Deferred Tax Asset
    
    
    1,940
    
    
    
    833Less Valuation Allowance
    
    
    (1,940
    )
    
    
    (833
    )$
    
    
    
    $
    
  There were no deferred tax liabilities at March 31, 2004.At March 31, 2004, federal tax net operating loss carryforward was
approximately $250 and is available to offset future taxable income. Net
operating loss carryforwards begin to expire in 2023. F-8




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ITEM 9  CHANGES IN
AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None PART III 
 ITEM 10  DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT The Company has one officer and director. Name
    
    Age
    
    Positions and Offices HeldJames E. Hogue
    
    
    65
    
    
    President, Secretary and Director
 Mr. Hogues term of office as a Director is for a period of one year with
elections to be conducted at each annual meeting of shareholders. He has served
in the office since the Company was incorporated on March 14, 2002. There are no agreements that a Director will resign at the request of
another person and the above named Director is not acting on behalf of nor
will
act on behalf of another person. The following is a brief summary of the Director, and Officer including
his
business experiences for the past five years. Mr. James E. Hogue has served since 1988 as a director, President and
major stockholder of numerous energy corporations. Since 1991, Mr. Hogue
has served as President of Martex Oil and Gas, Inc. In 1983, Mr. Hogue formed
Mayco Petroleum, Inc., for which he served as President until 1988. Early in
his career, Mr. Hogue served as a driller for Leatherwood Company and as a core
engineer for Sargent Diamond Bit, Inc. Subsequently, Mr. Hogue became
President and major stockholder of a diamond bit manufacturing company. In the
late 1970s, Mr. Hogue served for four years as President of Union Crude Oil
Company, an exploration and drilling company, and for two years as Vice
President of Independent Producers Marketing Company, a crude oil supply and
transportation company. Mr. Hogue has participated in drilling or furnishing
services for over 3,000 wells in Texas, Oklahoma, New Mexico, Louisiana and
Colorado. In 1996, Mr. Hogue became President, Chief Operating Officer and a
director of Cotton Valley Resources Corporation which was purchased by Aspen
Resources Group in 1999. He remains a director of Aspen Resources Group. Mr. Hogue founded Wiltex First, Inc. in 2002. The Company specializes
in consulting and advising businesses in the area of strategic planning as
well as mergers and acquisitions. Mr. Hogue is the majority shareholder, through his ownership of
Wiltex First, Inc., and sole officer and director of Wiltex A, Inc. which has
filed a registration statement on Form 10-SB. That registration statement
will
go effective automatically 60 days after the filing date of May 22, 2002.
The initial business purpose of Wiltex A, Inc. is to engage in mergers
and
acquisitions with an unidentified company. It is a blank check company and
will
remain so until such time that it completes an acceptable business
transaction.
Mr. Hogue is also sole officer and director of Wiltex A, Inc. as well as
the majority
shareholder through his ownership of Wiltex First, Inc.




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Mr. Hogue expects to be involved with other blank check companies with
similar objectives, at which point, potential conflicts of interest may occur
if
the officer and director holds a similar position with other blank
check
companies with the same objectives. The sole officer and director intends
to
locate merger candidates for the companies in a chronological order based on
the
date of final approval by the Commission. Section 16(a) Beneficial Ownership Reporting Compliance 
 ITEM 11  EXECUTIVE COMPENSATION The Companys officer and director does not and has not received compensation
for services rendered to the Company nor has any compensation been accrued.
He
will not participate in any finders fees; however, he will receive some
benefits
as a beneficial owner of the Company upon a merger or acquisition taking
place.
Furthermore, there are no stock option plans, pension plans, insurance
coverage
or other benefit programs adopted by the Company. Employee Agreements None 
 ITEM 12  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table sets forth each person known by the Company to be
the
beneficial owner of more than 5% of the common shares (the only class of
voting securities) of the Company, all directors individually and all
directors and officers of the Company as a group. Each person has sole voting
and investment power with respect to the shares as indicated. Name and Address
    
    Amount of Beneficial
    
    Percentageof Beneficial Owner
    
    Ownership
    
    of ClassWiltex First, Inc.(1)
    
    
    5,000,000
    
    
    
    99.21191 Woodstock, Suite #5Estes Park, Colorado 80517All Executive Officers andDirectors as a Group (1 person)
   (1)
    
    Mr. James E. Hogue owns 100% of the issued and outstanding shares of
Wiltex First, Inc. and is its sole officer and director. As such, Mr. Hogue is
the beneficial owner of the common stock of the Company and is the only
control shareholder.




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PART IV 
 ITEM 13  EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K A. Listed below are all Exhibits filed as part of this report. Certain
Exhibits are incorporated by reference to documents previously filed by the
Registrant with the Securities and Exchange Commission pursuant to Rule 12b-32
under the Securities Exchange Act of 1934, as amended. Exhibits which are
incorporated by reference are indicated by the information in the parenthetical
following such exhibit. Exhibit
    
    Description of Exhibit1
    
    Financial Statements
 B. The Registrant has not filed any reports on Form 8-K during the period
covered by this Report.. 
 SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized. WILTEX A, INC.
(Registrant) Date: June 22, 2004
    
    By:
    
    /s/ JAMES E. HOGUEJames E. HogueChief Executive Officer
 Pursuant to the requirements of the Securities Act of 1934, this report
has been signed below by the following persons on behalf of the Registrant and
in the capacities indicated on June 27, 2003. Date: June 22, 2004
    
    By:
    
    /s/ JAMES E. HOGUEJames E. HogueChief Executive Officer