INOLIFE TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements: No Assurances Intended In addition to historical information, this Quarterly Report contains forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "estimates," "projects," or similar expressions. These forward-looking statements represent Management's belief as to the future of InoLife Technologies, Inc. (Formerly NexxNow, Inc.) Whether those beliefs become reality will depend on many factors that are not under Management's control. Many risks and uncertainties exist that could cause actual results to differ materially from those reflected in these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements. Results of Operations Due to our lack of funds, our operations are very limited. As a result, we realized no revenue during the six months ended September 30, 2009. Likewise we realized no revenue during the six months ended September 30, 2008. Our largest expense in the six months ended September 30, 2009 was professional services, which totaled $18,109 in the recent period and $77,924 in the six months ended September 30, 2008. Our business activities during the six months ended September 30, 2009 resulted in $37,057 in expenses. We realized a net income of $9,953 for the six months ended September 30, 2009, compared to a net loss of $667,203 for the six months ended September 30, 2008. Liquidity and Capital Resources Since we initiated our current business in 2004, our operations have been funded primarily by the private sale of equity and debt to investors. During the six months end...
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NEXXNOW, 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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NEXXNOW, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisition or Dispositio

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT STOCK PURCHASE AGREEMENT Effective July 29, 2009, Kenneth Keller ("Keller"), the majority shareholder of Nexxnow Inc., now known as Inolife Technologies, Inc., a New York corporation (the "Company"), entered into an agreement for the purchase of common stock (the "Stock Purchase Agreement") with Gary Berthold, the current President/Chief Executrive Officer and a director of the Company ("Berthold"). In accordance with the terms and provisions of the Stock Purchase Agreement, Keller sold an aggregate of 35,013,540 shares of the Company held of record to Berthold. Therefore, as of the date of this Current Report, Berthold holds of record an aggregate 35,013,540 shares of restricted common stock of the Company representing an equity interest of approximately 70.8%. FINANCIAL SERVICES ADVISORY AGREEMENT Effective September 9, 2009, the Board of Directors of the Company authorizied the execution of an investment banking and financial advisory agreement (the "Financial Advisory Agreement") with New York Consulting Group LLC. (the "Consultant"). In accordance with the terms and provisions of the Financial Advisory Agreement: (i) the Consultant has agreed to provide the Company with regular and customary investment banking and financial advisory services, including advice regarding formation of corporate goals and implementation thereof, to the Company; and (ii) the Company has agreed to issue an aggregate of 14,000,000 shares of restricted common stock to the Consultant and/or its designees. SHARE EXCHANGE AGREEMENT Effective September 17, 2009, the Board of Directors of the Company authorized the execution of a share exchange agreement (the "Share Exchange Agreement") with Inovet, Ltd., a Delawawre corporation ("Inovet") and the sha...
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NEXXNOW, INC. Financials

PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue -   -   -   -  Cost of Revenue -   -   -   -  Gross Profit -   -   -   -  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative20  60  78  263  Non Recurring -  576  5   -  Others -   -  67  14  Total Operating Expenses -   -   -   -  Operating Income or Loss(20)(636)(150)(277)Income from Continuing OperationsTotal Other Income/Expenses Net47  42  49  30  Earnings Before Interest And Taxes27  (594)(101)(247)Interest Expense3  5  6  4  Income Before Tax24  (599)(107)(250)Income Tax Expense -   -   -   -  Minority Interest -   -   -   -  Net Income From Continuing Ops24  (599)(107)(250)Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   -  Effect Of Accounting Changes -   -   ...
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NEXXNOW, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS: NO ASSURANCES INTENDED IN ADDITION TO HISTORICAL INFORMATION, THIS QUARTERLY REPORT CONTAINS FORWARD-LOOKING STATEMENTS, WHICH ARE GENERALLY IDENTIFIABLE BY USE OF THE WORDS "BELIEVES," "EXPECTS," "INTENDS," "ANTICIPATES," "PLANS TO," "ESTIMATES," "PROJECTS," OR SIMILAR EXPRESSIONS. THESE FORWARD-LOOKING STATEMENTS REPRESENT MANAGEMENT'S BELIEF AS TO THE FUTURE OF NEXXNOW, INC. WHETHER THOSE BELIEFS BECOME REALITY WILL DEPEND ON MANY FACTORS THAT ARE NOT UNDER MANAGEMENT'S CONTROL. MANY RISKS AND UNCERTAINTIES EXIST THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE REFLECTED IN THESE FORWARD-LOOKING STATEMENTS. READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO REVISE OR PUBLICLY RELEASE THE RESULTS OF ANY REVISION TO THESE FORWARD-LOOKING STATEMENTS. RESULTS OF OPERATIONS Due to our lack of funds, our operations are very limited. As a result, we realized no revenue during the three months ended June 30, 2009. Likewise we realized no revenue during the three months ended June 30, 2008. Our largest expense in the three months ended June 30, 2009 and the three months ended June 30, 2008 was consulting fees, which totaled $6,950 in the recent period and $213,624 in the three months ended June 30, 2008. Our business activities during the three months ended June 30, 2009 resulted in $22,557 in expenses. However, during the period, our majority shareholder forgave a loan of $45,758 and some accrued expense were written-off, which resulted in "other income" of $47,010. As a result we realized a net income of $24,453 for the quarter, compared to a net loss of $416,889 for the three months ended June 30, 2008. LIQUIDITY AND CAPITAL RESOURCES ...
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NEXXNOW, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS FORWARD-LOOKING STATEMENTS: NO ASSURANCES INTENDED IN ADDITION TO HISTORICAL INFORMATION, THIS QUARTERLY REPORT CONTAINS FORWARD-LOOKING STATEMENTS, WHICH ARE GENERALLY IDENTIFIABLE BY USE OF THE WORDS "BELIEVES," "EXPECTS," "INTENDS," "ANTICIPATES," "PLANS TO," "ESTIMATES," "PROJECTS," OR SIMILAR EXPRESSIONS. THESE FORWARD-LOOKING STATEMENTS REPRESENT MANAGEMENT'S BELIEF AS TO THE FUTURE OF NEXXNOW, INC. WHETHER THOSE BELIEFS BECOME REALITY WILL DEPEND ON MANY FACTORS THAT ARE NOT UNDER MANAGEMENT'S CONTROL. MANY RISKS AND UNCERTAINTIES EXIST THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE REFLECTED IN THESE FORWARD-LOOKING STATEMENTS. READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO REVISE OR PUBLICLY RELEASE THE RESULTS OF ANY REVISION TO THESE FORWARD-LOOKING STATEMENTS. RESULTS OF OPERATIONS Due to our lack of funds, our operations are very limited. As a result, we realized no revenue during the three months ended June 30, 2009. Likewise we realized no revenue during the three months ended June 30, 2008. Our largest expense in the three months ended June 30, 2009 and the three months ended June 30, 2008 was consulting fees, which totaled $6,950 in the recent period and $213,624 in the three months ended June 30, 2008. Our business activities during the three months ended June 30, 2009 resulted in $22,557 in expenses. However, during the period, our majority shareholder forgave a loan of $45,758 and some accrued expense were written-off, which resulted in "other income" of $47,010. As a result we realized a net income of $24,453 for the quarter, compared to a net loss of $416,889 for the three months ended June 30, 2008. LIQUIDITY AND CAPITAL RESOURCES ...
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NEXXNOW, INC. Files SEC form 10-K, Annual Report

Show all filings for NEXXNOW, INC. | Request a Trial to NEW EDGAR Online Pro Form 10-K for NEXXNOW, INC. 13-Aug-2009Annual Report Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes o...
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NEXXNOW, 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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NEXXNOW, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for NEXXNOW, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEXXNOW, INC. 1-Apr-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not inte...
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NEXXNOW, INC. Files SEC form 8-K, Change in Directors or Principal Officers

Show all filings for NEXXNOW, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEXXNOW, INC. 1-Apr-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not inte...
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