Aug 11th, 09:22 BTX Beck Technical Research II
by Bogart Beck
BTR - Beck Technical Research - July 2008 Financials - Posted 08/11/2008
BTR - Beck Technical Research - July 2008 Financials - Posted 08/11/2008
CEO's Report and Forward Guidance
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BTR (Now BTX & BAY) Shareholders,
I'm pleased to report that the Reverse-Merger of Beck Technical Research (BTR) was successfully completed on 07/31/2008. BTR now trades under the ticker symbol of (BTX) and a NEW Entity Brittany Bay Resorts (BAY) was created.
Some historical perspective. In just (7) months my shareholders and I have managed to salvage a FAILED venture (SL Media Specialties which was HALTED at L$ 0.54 / share) and from that have created (3) vibrant and viable companies;
(BIG) Beck Investment Group - A diversified Investment Portfolio with an asset base of L$ 1.355M
(BTX) Beck Technical Research - An Intellectual Property Development Co with an asset base of over L$ 1.5M
(BAY) Brittany Bay Resorts - AN SL Property Management Company with Real Estate totalling 65,535 Sq/M.
As of this writing, BAY, BIG & BTX combined were trading at L$ 15.25 /share... this represents astonishing Market Cap Growth versus our humble beginnings.
And... we're NOT DONE YET! Our latest project, a Sports and Entertainment SIM is well underway at the Barbary Coast Estates - if you get a chance take a peek at the just completed Futsal Arena and Stadium complex erected at Plunder Bay. I anticipate that league formation will commence in early September with our Inaugural Season to launch in January 2008. If you or your company is interested in forming a team please contact me directly via bogart.beck@GMail.com.
Until net month... Blessings!
Bogart Beck
BTX Chair & CEO
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SL CapEx: BTR) Beck Technical Research - INCOME STATEMENT
PERIOD ENDING 31-July-08
Revenue
Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $100,000.00
TOTAL SALES REVENUE $100,000.00
Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on Sale of Stock $8,226.26
Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $81,125.00
(ALL) - Marketing & Advertising Expense (NONE) $-
TOTAL COST OF SALES $89,351.26
Gross Profit (Loss) $10,648.74
Gross Margin (%) 10.65%
Operating Expenses
Research & Development (NONE)
General and Administrative (Mgmt & Admin Salaries) (NONE) $-
Non Recurring (ONE-TIME) (NONE) $-
Others / Miscellaneous (OFC Furniture, etc.) (NONE) $-
TOTAL OPERATING EXPENSES $-
Operating Income or Loss $10,648.74
Operating Margin (%) 10.65%
Other Income from Continuing Operations
Other Income - (LAND SALES) $-
Other Income - Dividends Earned $3,448.08
Interest Earned on DEPOSITS or CD's (Short Term Invest.) $-
Misc. Income - CEO Market Maker Commission Earned (N/A) $-
TOTAL OTHER INCOME $3,448.08
Less Other Expenses (NET) $-
Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $14,096.82
Less Interest Expense $-
Less Income Tax Expense $-
Less Asset Depreciation $-
Less Other Adjustments $-
NET INCOME FROM CONTINUING OPERATIONS $14,096.82
Other Non-recurring Events
Less Costs for Discontinued Operations $-
Less Asset Impairment $-
Less Effect Of Accounting Changes $-
Less Other Items $-
NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $14,096.82
% of Revenue 14.10%
Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders $-
% of NIAS 0.00%
RETAINED EARNINGS $14,096.82
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(SL CapEx: BTR) Beck Technical Research - BALANCE SHEET
PERIOD ENDING 31-July-08
Assets
Current Assets
Cash And Cash Equivalents (CapEx BTR Balance) $6,351.52
Short Term Invest. (160,001 shares of BIG) $968,006.05
Net Receivables $-
Inventory (1x 485 JPG BBG Prints) Carried @ $L269.00 Each $130,465.00
Other Current Assets $-
Total Current Assets $1,104,822.57
PLUS
Long Term Investments (DCTY Investment - 120,001 shares) (NPV) $438,368.65
Property Plant and Equipment (Hard Assets)
Intangible Assets (Chromatique(tm) (Carry @ L$1.00) $1.00
Goodwill - NONE $-
Accumulated Amortization - NONE $-
Total Assets $1,543,192.22
Liabilities
Current Liabilities
Accounts Payable -July Tier - BIG Estates - Due 08/14/2008 to LL $81,125.00
Current Portion Due of Long Term Debt - NONE $-
Other Current Liabilities - NONE $-
Total Current Liabilities $81,125.00
PLUS
Long Term Debt - NONE $-
Other Liabilities - NONE $-
Deferred Long Term Liability Charges - NONE $-
Minority Interest - NONE $-
Negative Goodwill - NONE $-
Total Liabilities $81,125.00
Stockholders' Equity
Preferred Stock $-
Common Stock - (BTR - 1.5 M Shares @ L$0.01 /share PAR Value) $15,000.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $14,096.82
Additional PAID-IN Capital $-
Treasury Stock - (BTR - 500,000 Shares @ L$0.01 /share PAR Value) $5,000.00
Capital Surplus $-
Other Stockholder Equity $1,427,970.40
Total Stockholder Equity $1,462,067.22
TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,543,192.22
CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00