Annual Reports

 
Quarterly Reports

 
8-K

 
Other

Pansoft CO LTD 10-Q 2009

Documents found in this filing:

  1. 10-Q
  2. Ex-31.1
  3. Ex-31.2
  4. Ex-32.1
  5. Ex-32.2
  6. Ex-32.2
pci10q033109.htm



 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 FORM 10-Q
 
x
QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2009
   
OR
 
   
o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
Commission file number 000-53183
 
PRINTING COMPONENTS INC.
(Exact name of registrant as specified in its charter)
 
NEVADA
(State or other jurisdiction of incorporation or organization)
 
2795 Barton Street, East
Unit 5
Hamilton, Ontario
Canada L8E 2J8
 (Address of principal executive offices, including zip code.)
 
(905) 578-3232
(Registrant’s telephone number, including area code)
 
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of 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 last 90 days.YES x NO o>
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer, “accelerated filer,” “non-accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
 
 
Large Accelerated Filer
o
 
Accelerated Filer
o
 
Non-accelerated Filer
o
 
Smaller Reporting Company
x
 
 
State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 16,721,502 as of May 14, 2009
 
 



 
 

 

PART I – FINANCIAL INFORMATION
 
 ITEM 1.                      FINANCIAL STATEMENTS
 
    The financial statements of Printing Components Inc (the “Company”, "we", "our", "us"), included herein were prepared, without audit, pursuant to rules and regulations of the Securities and Exchange Commission. Because certain information and notes normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America were condensed or omitted pursuant to such rules and regulations, these financial statements should be read in conjunction with the financial statements and notes thereto included in the audited financial statements of the Company as included in the Company’s Form 10-K for the period ended December 31, 2008.
 
Balance Sheets
F-1
Statements of Expenses
F-2
Statements of Cash Flows
F-3
Notes to Financial Statements
F-4
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-2-

 
 

 


PRINTING COMPONENTS INC
(A DEVELOPMENT STAGE COMPANY)
BALANCE SHEET
           
     
March 31, 2009
 
December 31, 2008
     
(unaudited)
   
 
ASSETS
   
Current assets:
       
Cash and cash equivalents
$
        4,477
$
          629
Accounts receivable
 
-
 
-
Inventory
 
-
 
-
Due from officer/shareholder
              -
 
              -
 
Total Current Assets
          4,477
 
           629
Fixed assets, net (Note 5)
          8,888
 
          9,674
           
 
TOTAL ASSETS
$
        13,365
$
        10,303
           
 
LIABILITIES AND SHAREHOLDERS' DEFICIENCY
   
Current liabilities:
       
Accrued liabilities – other
$
         13,212
$
         4,500
Accrued officers' salaries
 
        150,000
 
        150,000
Due to officer/shareholder
 
         10,799
 
              -
           
 
Total Current liabilities
        174,012
 
        154,500
           
           
Shareholders' Deficiency (Note 2)
     
Preferred Stock, $0.00001 par value,
     
 none issued and outstanding
              -
 
              -
Common Stock, $0.00001 par value, 100,000,000 shares authorized
   
 16,721,502 and 5,573,834, shares issued and outstanding at
     
 December 31, 2008 and December 31, 2007
            167
 
            56
Paid-In-Capital
 
        172,508
 
        172,619
           
Deficit Accumulated during the Development Stage
        (333,322)
 
        (316,872)
           
Total Shareholders' Deficiency
        (160,647)
 
        (144,197)
           
 
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIENCY
 
$
        13,365
$
       10,303
           
           
 
 
 
 
 
 
 
SEE ACCOMPANYING CONDENSED NOTES TO FINANCIAL STATEMENTS
F-1
-3-
 



PRINTING COMPONENTS INC
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF OPERATIONS
(UNAUDITED)
             
           
December 12
   
Three Months
 
Three Months
 
2006
   
Ended
 
Ended
 
(inception) to
   
March 31, 2009
 
March 31, 2008
 
March 31, 2009
             
Revenue:
 
 $                                                                          -
 
 $                                                                          -
 
 $                                                                        15,887
             
Cost of Sales:
         
Inventory - beginning of period
              -
 
          5,245
 
              -
Purchases
              -
 
              -
 
          12,840
Inventory - end of period
              -
 
          (5,245)
 
              -
   
              -
 
              -
 
          12,840
Gross Profit
              -
 
              -
 
          3,047
             
             
Expenses:
         
Salaries
 
              -
 
              -
 
         150,000
Professional fees
          13,760
 
          6,696
 
         107,584
Travel
 
              -
 
              -
 
          22,717
Meals and entertainment
              -
 
              -
 
          11,145
Rent
 
          1,590
 
          1,590
 
          13,575
Bad debts
 
              -
 
              -
 
          8,555
Web page design
              -
 
              -
 
          5,600
Office
 
             97
 
            646
 
          5,464
Registration fees
              -
 
          1,375
 
          3,700
Depreciation
            786
 
            786
 
          5,530
Bank charges
            151
 
            157
 
          1,495
Exchange
 
             66
 
              -
 
          1,004
   
          16,450
 
          11,250
 
         336,369
             
Net Loss
 
 $                                                             (16,450)
 
 $                                                              (11,250)
 
 $                                                                    (333,322)
             
Basic and diluted net income per share
 $                                                                         -
 
 $                                                                          -
   
             
Weighted average shares used in calculating
       
Basic and diluted net loss per share
      16,721,502
 
      16,721,502
   
             
             
 
 
 
 
 
 
 
SEE ACCOMPANYING CONDENSED NOTES TO FINANCIAL STATEMENTS
 
F-2
 
-4-


 
 

 


PRINTING COMPONENTS INC
(A DEVELOPMENT STAGE COMPANY)
STATEMENT OF CASH FLOWS
(UNAUDITED)
             
             
           
December 12, 2006
   
Three Months
Ended
 
Three Months Ended
 
(inception) to
   
March 31, 2009
 
March 31, 2008
 
March 31, 2009
             
CASH FLOWS FROM OPERATING ACTIVITIES:
         
Net loss
 $                                                          (16,450)
 
 $                                                     (11,250)
 
 $                                                   (333,322)
Adjustments to reconcile net income to cash used
         
By operating activities
         
 
Depreciation
            786
 
            786
 
          5,530
Changes in operating assets and liabilities
         
 
Decrease in accounts receivable
              -
 
           (468)
 
              -
 
Increase/(decrease) in accounts payable
          8,712
 
          (4,537)
 
         163,212
 
Decrease/(increase) in inventory
              -
 
              -
 
              -
NET CASH USED BY OPERATING ACTIVITIES
          (6,951)
 
         (15,469)
 
        (164,579)
             
CASH FLOWS FROM INVESTING ACTIVITIES:
         
 
Purchase of fixed assets
              -
 
              -
 
         (14,418)
CASH USED BY INVESTING ACTIVITIES
              -
 
              -
 
         (14,418)
             
CASH FLOWS FROM FINANCING ACTIVITIES
         
 
Officers advances (repayments)
          10,799
 
         (30,959)
 
          9,209
 
Proceeds from sale of common stock
              -
 
              -
 
         172,675
CASH PROVIDED BY FINANCING ACTIVITIES
           10,799
 
         (30,959)
 
         181,884
             
NET INCREASE (DECREASE) IN CASH
           3,848
 
         (46,428)
 
          2,887
             
CASH
         
Cash - Beginning of period
            629
 
          87,375
 
              -
Cash - End of period
 $                                                              4,477
 
 $                                                       40,947
 
 $                                                         2,887
             
Supplemental Disclosure of Cash Flow Information
         
 
Taxes paid
 $                                                                     -
 
 $                                                                 -
 
 $                                                                 -
 
Interest paid
 $                                                                     -
 
 $                                                                 -
 
 $                                                                 -
             
 
 
 
 
 
 
SEE ACCOMPANYING CONDENSED NOTES TO FINANCIAL STATEMENTS
 
F-3
 
-5- 
 
 

 
 

 

PRINTING COMPENTS INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
March 31, 2009
(UNAUDITED)

NOTE 1 – ACCOUNTING POLICES AND OPERATIONS
ORGANIZATION

Printing Components Inc. (the "Company"), a development stage company, was incorporated in Nevada on December 12, 2006. The Company offers media, inks, printing and graphic design services to the large format digital printing industry. At March 31, 2009, the Company has commenced business operations. The Company’s fiscal year ends on December 31st.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents.

EARNINGS PER SHARE

The Company computes earnings per share in accordance with Statement of Accounting Standards No. 128 “Earnings per Share (“SFAS No. 128”). Under the provision of SFAS No. 128, basic earnings per share is computed by dividing the net income (loss) for the period by the weighted average number of commons hares outstanding during the period. Diluted earnings per share is computed by dividing the net income (loss) for the period by the weighted average number of common and potentially dilutive common shares outstanding during the period. There were no potentially dilutive common shares outstanding during the period.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

INVENTORY

Inventory is valued at the lower of cost or market on the first in, first out basis. The inventory at March 31, 2009 consisted entirely of finished goods.

DEPRECIATION

The cost of computers and furniture is depreciated over the estimated useful life of the related assets from 3 to 7 years.

INCOME TAXES

The company accounts for income taxes in accordance with Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes” Under the assets and liability method of Statement 109, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
 
 
 
 
F-4
 
-6-
 
 

 
PRINTING COMPENTS INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
March 31, 2009
(UNAUDITED)

REVENUE RECOGNITION

Revenue from sale of printing products is reported on the accrual basis of accounting, whereby the sale is recorded upon the delivery or transfer of title of the goods.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company considers that the carrying amounts of financial instruments, including accounts payable, approximates fair value because of the short maturity of these instruments.

ADOPTED ACCOUNTING PRONOUNCEMENTS

In the first quarter of 2009, we adopted Statement of Financial Accounting Standards (SFAS) No. 141 (revised 2007), “Business Combinations” (SFAS No. 141(R)) as amended by FASB staff position FSP 141(R)-1, “Accounting for Assets Acquired and Liabilities Assumed in a Business Combination That Arise from Contingencies.” SFAS No. 141(R) generally requires an entity to recognize the assets acquired, liabilities assumed, contingencies, and contingent consideration at their fair value on the acquisition date. In circumstances where the acquisition-date fair value for a contingency cannot be determined during the measurement period and it is concluded that it is probable that an asset or liability exists as of the acquisition date and the amount can be reasonably estimated, a contingency is recognized as of the acquisition date based on the estimated amount. It further requires that acquisition-related costs be recognized separately from the acquisition and expensed as incurred, restructuring costs generally be expensed in periods subsequent to the acquisition date, and changes in accounting for deferred tax asset valuation allowances and acquired income tax uncertainties after the measurement period impact income tax expense. In addition, acquired in-process research and development is capitalized as an intangible asset and amortized over its estimated useful life. SFAS No 141(R) is applicable to business combinations on a prospective basis beginning in the first quarter of 2009. We did not complete any business combinations in the first quarter of 2009.
 
In February 2008, the FASB issued FSP 157-2, “Effective Date of FASB Statement No. 157” (FSP 157-2), which delayed the effective date of SFAS No. 157, “Fair Value Measurements” (SFAS No. 157) for all non-financial assets and non-financial liabilities, except for items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually), until the beginning of the first quarter of 2009. Therefore, in the first quarter of 2009, we adopted SFAS No. 157 for non-financial assets and non-financial liabilities. The adoption of SFAS No. 157 for non-financial assets and non-financial liabilities that are not measured and recorded at fair value on a recurring basis did not have a significant impact on our consolidated financial statements.

RECENT ACCOUNTING PRONOUNCEMENTS

In December 2008, the FASB issued FSP 132(R)-1, “Employers’ Disclosures about Postretirement Benefit Plan Assets” (FSP 132(R)-1). FSP 132(R)-1 requires additional disclosures for plan assets of defined benefit pension or other postretirement plans. The required disclosures include a description of our investment policies and strategies, the fair value of each major category of plan assets, the inputs and valuation techniques used to measure the fair value of plan assets, the effect of fair value measurements using significant unobservable inputs on changes in plan assets, and the significant concentrations of risk within plan assets. FSP 132 (R)-1 does not change the accounting treatment for postretirement benefits plans. FSP 132(R)-1 is effective for us for fiscal year 2009.
 
 
 
F-5
 
-7-
 

 
PRINTING COMPENTS INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
March 31, 2009
(UNAUDITED)

In April 2009, the FASB issued FSP FAS 157-4, “Determining Fair Value When Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (FSP 157-4). FSP 157-4 provides guidance on how to determine the fair value of assets and liabilities when the volume and level of activity for the asset/liability has significantly decreased. FSP 157-4 also provides guidance on identifying circumstances that indicate a transaction is not orderly. In addition, FSP 157-4 requires disclosure in interim and annual periods of the inputs and valuation techniques used to measure fair value and a discussion of changes in valuation techniques. FSP 157-4 is effective for us beginning in the second quarter of fiscal year 2009. The adoption of FSP 157-4 is not expected to have a significant impact on our consolidated financial statements.

In April 2009, the FASB issued FSP FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairment” (FSP 115-2/124-2). FSP 115-2/124-2 amends the requirements for the recognition and measurement of other-than-temporary impairments for debt securities by modifying the pre-existing “intent and ability” indicator. Under FSP 115-2/124-2, an other-than-temporary impairment is triggered when there is an intent to sell the security, it is more likely than not that the security will be required to be sold before recovery, or the security is not expected to recover the entire amortized cost basis of the security. Additionally, FSP 115-2/124-2 changes the presentation of an other-than-temporary impairment in the income statement for those impairments involving credit losses. The credit loss component will be recognized in earnings and the remainder of the impairment will be recorded in other comprehensive income. FSP 115-2/124-2 is effective for us beginning in the second quarter of fiscal year 2009. Upon implementation at the beginning of the second quarter of 2009, FSP 115-2/124-2 is not expected to have a significant impact on our consolidated financial statements.

In April 2009, the FASB issued FSP FAS 107-1 and APB 28-1, “Interim Disclosure about Fair Value of Financial Instruments” (FSP 107-1/APB 28-1). FSP 107-1/APB 28-1 requires interim disclosures regarding the fair values of financial instruments that are within the scope of FAS 107, “Disclosures about the Fair Value of Financial Instruments.” Additionally, FSP 107-1/APB 28-1 requires disclosure of the methods and significant assumptions used to estimate the fair value of financial instruments on an interim basis as well as changes of the methods and significant assumptions from prior periods. FSP 107-1/APB 28-1 does not change the accounting treatment for these financial instruments and is effective for us beginning in the second quarter of fiscal year 2009.

GOING CONCERN

The accompanying financial statements have been prepared assuming the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The assets and the satisfaction of liabilities in the normal course of business. The amounts of assets and liabilities in the financial statements do not purport to represent realizable or settlement values. However, the Company has incurred an operating loss. Such loss may impair its ability to obtain additional financing.

This factor raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do no include any adjustments that might result from the outcome of this uncertainty. The Company has met its historical working capital requirements from sale of capital shares. Owners of the share, in order not to burden the Company, have agreed to provide funding to the Company to pay its annual audit fees, filing costs and legal fees as long as the board of directors deems it necessary. However, there can be no assurance that such financial support shall be ongoing or available on terms or conditions acceptable to the Company.
 
F-6
 
-8-
 
 

 
PRINTING COMPENTS INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
March 31, 2009
(UNAUDITED)


INTERIM FINANCIAL INFORMATION

The interim financial statements of Printing Components Inc. are unaudited. However, in the opinion of management, the interim data includes all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the results of the interim period. The results of operation of the period ended March 31, 2009 are not necessarily indicative of the operation results for the entire year.

NOTE 2 – SHAREHOLDERS EQUITY

On December 12, 2006 the Company issued 5,000,000 shares of common stock, par value $0.00001 per share, to its initial shareholders in exchange for $50 in cash. In the year ending December 31, 2007, the company sold 490,500 shares of common stock at $0.25 per share for total proceeds $122,625 and 83,334 shares of common stock at $0.60 per share for total proceeds of $50,000.

NOTE 3 – RELATED PARTY TRANSACTIONS

A shareholder/officer has provided funding to pay for the initial operating expenses of the Company.

NOTE 4 – DUE TO SHAREHOLDER

Amounts due to shareholder are non-interest bearing and have no definite terms of repayment.

NOTE 5 – EQUIPMENT

     
Accumulated
 
Net Book Value
 
Cost
 
Depreciation
 
March 31,
 
March 31,
         
2009
 
2008
               
Furniture
$                                                 8,694
 
$                                                    2,180
 
$                                                    6,514
 
 $                                                    7,754
Computer
5,724
 
3,350
 
2,374
 
           4,278
 
 $                                               14,418
 
 $                                                    5,530
 
 $                                                    8,888
 
$                                                  12,032
               












F-7
 
-9-
 
 

 

ITEM 2.
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION.
 
    This section of the report includes a number of forward-looking statements that reflect out current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions.
 
    Our auditors have issued a going concern opinion. This means that our auditors believe there is substance doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay out bills. This is because we have not generated substantial revenues and do not anticipate generating on-going revenue until we complete the development of our website and engage suppliers and customers to buy out products. Our only other source for cash at this time is investments by others in our company. Accordingly, we have raised a total of $172,625 in gross proceeds from our initial public offering and a December 28, 2007 share sale. We are using the proceeds to implement our project.
 
    We have opened our office, purchased furniture and computers, installed phone lines and acquired finished goods for resale and made sales in the amount of $15,887. Suppliers have been contacted and initial inventory has been purchased at cost allowing for resale at reasonable margins. We have negotiated with our suppliers delivery timetable which minimizes the amount of inventory required on hand to meet sales demand.
 
Plan of Operation
 
           Our specific goal is to profitably introduce a comprehensive supply of products on our internet website to the printing industry. We are presently interviewing people with a background in graphics and computer programming. Once a suitable candidate is selected we will begin programming and designing the site providing us better control of the content and design of the site. This candidate once selected will start part time for the first 90 days and phase into a full time position.
 
    By attending Trade Shows, we are able to observe firsthand which new products are introduced and the interest generated by print shop owner/operators in the printing industry. Each show we attend provides us the opportunity to meet personally with key management of small and medium size manufacturers to discuss the opportunity of marketing and distributing their products on a non-exclusive basis. This will prove to be a valuable tool for providing us with a current list of suppliers, key management contacts, and an insight into upcoming products being released to the industry. We can also ascertain what the manufacturers deem to be key advantages of their products.
 
    Once this information is complied, we will enter it into our database: contact person, date we met, location of the meeting and product used. This information can then be tailored to create a personalized approach for e-mailing, telemarketing, direct mailing and/or personal visits. Where possible, we would like to offer products and services by direct link to their website.
 
Limited operating history; need for additional capital
 
           There is no historical financial information about us upon which to base an evaluation of our performance. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price increases in services and products.
 
 
 
-10-

 
 

 

 
    To become profitable and competitive, we have to locate and negotiate agreements with manufacturers to offer their products for sale to us at pricing that will enable us to establish and sell the products to our clientele.
 
    We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop, or expand out operations. Equity financing could result in additional dilution to existing shareholders.
 
Results of operations
 
    During the year 2007, we incorporated the company, hired the attorney and the auditor and began to negotiate contracts and sell product.
 
    During the year 2008, we have continued with negotiating with suppliers and sourcing products. Our loss since inception is $316,872. We have started our proposed business operations, we have completed our public offering and completed a subsequent share offering.
 
    Since inception, we sold 5,000,000 pre-dividend shares of common stock to our officers and directors for $50; 490,500 pre-dividend shares of common stock at $0.25 per share for $122,625; and, 83,334 pre-dividend shares of common stock at $0.60 per share for $50,000.
 
    Over the past year, we attended several trade shows establishing contacts with many manufactures through out the USA, working closely with an agent who has developed similar relationships.
 
    Our research found a demand for third party high quality inks and demand for refillable ink cartridges for large format printers.
 
 
    As of the date of this report, we have generated $15,887 in revenues from our business operations.
 
    In December 2006, we issued 5,000,000 pre-dividend shares of common stock pursuant to the exemption contained in Reg. S of the Securities Act of 1933. This was accounted for as a sale of common stock.
 
    On June 25, 2007, we completed our public offering of 490,500 shares of pre-dividend common stock at an offering price of $0.25 per share. We raised $122,625.
 
    On December 28, 2007, we sold 83,334 restricted pre-dividend shares of our common stock pursuant to the exemption contained in Reg. S of the Securities Act of 1933, as amended at an offering price of $0.60 per share we raised $50,000.
 
    A stock dividend was declared on February 11, 2008, wherein two additional common shares were issued for each one common share issued and outstanding as at February 25, 2008.
 
    As of March 31, 2009, our total assets were $13,365 in cash, fixed assets and our total liabilities were $174,012 comprised of $13,212 in accrued liabilities and $160,799 in accrued officer salaries.
 
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
 
           We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.
 
-11-

 
 

 

 
ITEM 4.
CONTROLS AND PROCEDURES.
 
    Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered by this report. Based on that evaluation, the Principal Executive Officer and Principal Financial Officer have concluded that these disclosure controls and procedures are effective. There were no changes in our internal control over financial reporting during the quarter March 31, 2009 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
 
PART II. OTHER INFORMATION
 
ITEM 6.
EXHIBITS.
 
 The following documents are included herein:
 
Exhibit No.
Document Description
31.1
Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
   
31.2
Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
   
32.1
Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.
   
32.2
Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-12-

 
 

 

SIGNATURES
 
    Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities on this 15th day of May, 2009.
 
 
PRINTING COMPONENTS INC.
     
 
BY:
HERB ADAMS
   
Herb Adams, President, Principal Executive Officer, and a member of the Board of Directors
     
 
BY:
VINOD GANDHI
   
Vinod Gandhi, Treasurer, Principal Financial Officer, and Principal Accounting Officer.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-13-

 
 

 

EXHIBIT INDEX
 
Exhibit No.
Document Description
31.1
Certification of Principal Executive Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
   
31.2
Certification of Principal Financial Officer pursuant Section 302 of the Sarbanes-Oxley Act of 2002.
   
32.1
Certification of Chief Executive Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.
   
32.2
Certification of Chief Financial Officer pursuant Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
-14-

 
 

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki