American Antiquities, Inc. Announces Corporate Update and Diversification Plan

ANN ARBOR, MI, Oct. 20 /PRNewswire-FirstCall/ - American Antiquities - (AAQS-OTC BB) The Company is pleased to announce that the Board of Directors have authorized the CEO to pursue and seek other businesses for the Company. The Company is looking into the Natural Resources sector in North America and has initiated preliminary correspondence to look in other jurisdictions outside North America.As previously stated in our 8-K filing"We are currently working on completing milestone 1. # one milestone needs to be completed to pursue any other milestone.As funds from advances, private funding and future revenues allow, we will commence ongoing operations which include: - making purchases for resale and to resell such items at trade shows, retail outlets or through internet websites - accepting consignments for sale and resell at trade shows, to customers through mailing lists, retail outlets or through the internet - making purchases for auction and sell through live auctions on Ebay, Yahoo, TIAS or other web applications; - accepting consignments for auction and sell on online auctions; and - attending trade shows and make exhibits. The costs and expenses involved in pursuing our ongoing operations are variable and will be based on market conditions. There is no way to determine specific costs in advance."Due to the sluggish economic environment, the Company has suffered several setbacks but we continue to pursue other business ventures we feel will be suitable for the Company.As the AAQS CEO commented, "We are very interested in moving forward to capitalize on other opportunities that we feel will enhance shareholder value. FORWARD LOOKING STATEMENTS The statements contained herein which are not...
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AMERICAN ANTIQUITIES, INC. Financials

PERIOD ENDING31-Jul-0930-Apr-0931-Jan-0931-Jul-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative3  11  6  7  Non Recurring -   -   -   -  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss(3)(11)(6)(7)Income from Continuing OperationsTotal Other Income/Expenses Net -   -   -   -  Earnings Before Interest And Taxes(3)(11)(6)(7)Interest Expense -   -   -   -  Income Before Tax(3)(11)(6)(7)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops(3)(11)(6)(7)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of...
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AMERICAN ANTIQUITIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Trends and Uncertainties For the nine months ended July 31, 2009 and 2008, American Antiquities did not pursue any investing activities. For the nine months ended July 31, 2009, American Antiquities received the proceeds from related party advance of $6,000 resulting in net cash provided by financing activities of $6,000. For the nine months ended July 31, 2008, American Antiquities did not pursue any financing activities. At July 31, 2009, American Antiquities had $3,355 cash available. Our internal and external sources of liquidity have included the issuance of common shares for cash, goods and services and cash generated from advances from related parties. We are currently not aware of any trends that are reasonably likely to have a material impact on our liquidity. We will rely on revenues, additional sales of common shares, issuances of common shares for services and advances from our officers and directors to fund our current operations. In the event we are not successful in financing our operations, it may take considerably longer to successfully establish a market for our products, delay our ability to establish a market, or we may not be successful at all. Results of Operations For the three months ended July 31, 2009, we did not receive any revenue and had operating expenses of $2,963. Comparatively, for the three months ended July 31, 2008, we did not receive any revenue and had operating expenses of $7,134. For the three months ended July 31, 2009 and 2008, these expenses consisted of professional fees of $1,356 and $1,051, respectively and other general and administrative expenses of $1,051 and $6,083, respectively. For the nine months ended July 31, 2009, we did not receive any revenue and had operating expenses of $19,976. Comparatively, for the nine months ended July 31, 2008, we received commission rev...
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AMERICAN ANTIQUITIES, INC. Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
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AMERICAN ANTIQUITIES, INC. Files SEC form 10-K/A, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Trends and Uncertainties. We are a development stage company. Our auditors have raised substantial doubt as to our ability to continue as a going concern. We have experienced a loss from operations from inception aggregating $(109,867). In addition, we have not earned any significant revenue from operations. Our ability to continue as a going concern is contingent upon our ability to secure additional financing, increase ownership equity and attain profitable operations. In addition, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered in established markets and the competitive environment in which we operate. We are pursuing private debt and/or equity financing for our operations. No specific terms have been determined. We will need a minimum of $50,000 over the next twelve months to commence and continue operations. Failure to secure such financing or alternatively, to raise additional debt or equity capital in the next twelve months and to develop our revenue base may result in American Antiquities depleting our available funds and not being able pay our obligations. There can be no assurance that we could be able to continue our business plan. Demand for American Antiquities' future products will be dependent on, among other things, market acceptance of our proposed operations and general economic conditions that are cyclical in nature. Inasmuch as all of our activities are the revenues generated from the sale of antiques and collectibles, American Antiquities' business operations may be adversely affected by changing consumer tastes, competitors and prolonged recessionary periods. We expect our profits will be generated by identifying undervalued items that can be purchased at below retail prices and resold for a profit. Capital and Source of Liquidity...
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AMERICAN ANTIQUITIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Trends and Uncertainties For the six months ended April 30, 2009 and 2008, American Antiquities did not pursue any investing activities. For the six months ended April 30, 2009, American Antiquities received the proceeds from related party advance of $3,000 resulting in net cash provided by financing activities of $3,000. For the six months ended April 30, 2008, American Antiquities did not pursue any financing activities. At April 30, 2009, American Antiquities had $2,917 cash available. Our internal and external sources of liquidity have included the issuance of common shares for cash, goods and services and cash generated from advances from related parties. We are currently not aware of any trends that are reasonably likely to have a material impact on our liquidity. We will rely on revenues, additional sales of common shares, issuances of common shares for services and advances from our officers and directors to fund our current operations. In the event we are not successful in financing our operations, it may take considerably longer to successfully establish a market for our products, delay our ability to establish a market, or we may not be successful at all. Results of Operations For the three months ended April 30, 2009, we did not receive any revenue and had operating expenses of $11,125. Comparatively, for the three months ended April 30, 2008, we did not receive any revenue and had operating expenses of $24,325. For the three months ended April 30, 2009 and 2008, these expenses consisted of professional fees of $10,461 and 7,258, respectively and other general and administrative expenses of $664 and $17,067, respectively. For the six months ended April 30, 2009, we did not receive any revenue and had operating expenses of $17,013. Comparatively, for the six months ended April 30, 2008, we received commissio...
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AMERICAN ANTIQUITIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Trends and Uncertainties For the three months ended January 31, 2009 and 2008, American Antiquities did not pursue any investing activities. For the three months ended January 31, 2009 and 2008, American Antiquities did not pursue any financing activities. At January 31, 2009, American Antiquities had $10,641 cash available. Our internal and external sources of liquidity have included the issuance of common shares for cash, goods and services and cash generated from advances from related parties. We are currently not aware of any trends that are reasonably likely to have a material impact on our liquidity. We will rely on revenues, additional sales of common shares, issuances of common shares for services and advances from our officers and directors to fund our current operations. In the event we are not successful in financing our operations, it may take considerably longer to successfully establish a market for our products, delay our ability to establish a market, or we may not be successful at all. Results of Operations For the three months ended January 31, 2009, we did not receive any revenue and had operating expenses of $5,888. Comparatively, for the three months ended January 31, 2008, we received commission income of $40,741 and had operating expenses of $22,592. For the three months ended January 31, 2009 and 2008, these expenses consisted of the professional fees of $1,680 and $0, respectively, and other general and administrative expenses of $4,208 and $22,592, respectively. Plan of Operation American Antiquities has experienced a net income/(loss) of $(5,888) and $18,149 during its development stage for the three months ended January 31, 2009 and 2008. In addition, American Antiquities has no significant assets or no significant revenue generating operations. We only have sufficient cash on ...
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AMERICAN ANTIQUITIES, INC. Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. Trends and Uncertainties. We are a development stage company. Our auditors have raised substantial doubt as to our ability to continue as a going concern. We have experienced a loss from operations from inception aggregating $(109,867). In addition, we have not earned any significant revenue from operations. Our ability to continue as a going concern is contingent upon our ability to secure additional financing, increase ownership equity and attain profitable operations. In addition, our ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered in established markets and the competitive environment in which we operate. We are pursuing financing for our operations. We will need a minimum of $50,000 over the next twelve months to commence and continue operations. Failure to secure such financing or alternatively, to raise additional debt or equity capital in the next twelve months and to develop our revenue base may result in American Antiquities depleting our available funds and not being able pay our obligations. There can be no assurance that we could be able to continue our business plan. Demand for American Antiquities' future products will be dependent on, among other things, market acceptance of our proposed operations and general economic conditions that are cyclical in nature. Inasmuch as all of our activities are the revenues generated from the sale of antiques and collectibles, American Antiquities' business operations may be adversely affected by changing consumer tastes, competitors and prolonged recessionary periods. We expect our profits will be generated by identifying undervalued items that can be purchased at below retail prices and resold for a profit. Capital and Source of Liquidity. For the year ended October 31, 2008, the registrant did not pursue an...
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