FINANCIAL REPORT 2009
Subject to our auditors Mendoza Berger & Company providing their completed Consolidated Company audit report; our unaudited Consolidated results for 2009 show a small profit of about $20,000. This is despite one time non recurrent legal fees of $126,000 to successfully resolve a legal claim on the company and its former officers. The positive result of the lawsuit was to reduce TC issued shares by about one fifth, to approximately 4.3 million shares
Throughout this world recession year the company managed its finances prudently and did not have to resort to overdraft or raise capital. By such as renegotiating such as office rental, travel, insurances we have cut overheads considerably.
FINANCIAL REPORT FOR FIRST QUARTER 2010.
Our unaudited figures indicate a pre-tax profit for the first quarter at about 17.8% with a growth of 10% over 2009.
With our second and third quarters historically being our highest income months, we are looking forward to a record profitable year. Initial profit figures for May indicate profit above 20%.
GENERAL BUSINESS INFORMATION.
New international markets have been established in several Middle Eastern countries and the Keys to Success have now been translated into Hebrew, with Arabic following.
Several new products and initiatives include:
- CANINE COLORS- There are about 80 million homes with dogs in the USA alone. In response we have developed an easy and fun way to enhance the relationship between these 80 million people and their cherished dog. Whilst Canine Colors is using our well proven company business model with training seminars for dog trainers, veterinary clinics and shelter personnel, it is being taken further with TV appearances (see CBS morning show http://www.wishtv.com/dpp/indy_style/home/matching-you-with-the-right-dog ) and a proposed Reality TV show.
- Patents have been applied for to protect Canine Colors unique concept.
Log onto www.caninecolors.com.
MEDIA/PUBLICITY/MARKETING
- Mary Miscisin, Master Trainer and author of “Showing Our True Colors” appeared Public Broadcast Service (PBS) in a one hour long featureing True Colors. The program will be screened across America and over the world by an estimated 50 million people over the next three years. PBS will also make it available on DVD.
- A new product called “INSTANT REFRESHER”- by Denise Lynch, an expert therapist and best selling Audio Empowerment specialist, has produced a series of recordings now being sold from our website. Each recording is three to five minutes long and is available as a download for each Color and covers such topics as Building Confidence, Controlling Stress and Brightening your True Colors. Marketing is from our a website.
- E-Books- We will be making several new books (as well as selected existing products) available chapter by chapter for download.
- We now have in-house the capability to undertake mass Live Streaming of Video Seminars, Author Talks and new interactive activities. In-house and remote live webinars of True Colors to go across the world.
These developments make it possible to make our greatest trainers and authors available to the world at a much lower overhead to us.
CURRENT COMPANY INFORMATION.
Board of Directors.
Iain Godfrey SAUL, Chairman
Roger Diefendorf
David Payetta
Officers.
Iain G. Saul President/ CEO
Lyudmila Sukhaya Secretary /Treasurer
Company Offices
3605 West Macarthur Blvd.
Suit 702,
Santa Ana. California 92704 USA.
Telephone: +1 714 437 5426
800 422 4686
Facsimile: 866 374 8958
Email: info@truecolorsint.com
Pink SheetsOTC listing symbol TUCL.
WEB SITES. www.true-colors.com
www.caninecolors.com
SIGNIFICANT COMPANY CHANGES SINCE FILING RULE 15C2-11, NOVEMBER 2007.
1. Change in Control Shareholders.
a. The company resumed to treasury 1,025,000 shares held by Mr Donald Lowry and connected parties on April 10 2009.
b. Control Shareholder Deron Whitney disposed of his shares in private transactions to various unrelated parties about February 2008.
c. Control Shareholder C. D. Mondo disposed of his shares in private transactions to various unrelated parties about December 2007.
d. Control Shareholder J. M. Mondo disposed of his shares in private transactions to various unrelated parties about February 2008.
a. Control Shareholder Mondo Managment disposed of their shares in private transactions to various unrelated parties about February 2008.
2. Change of Company Officers
Candice Campbell Secretary CFO Resigned November 20 2008
Dionne Gonzelez Appointed Secretary CFO November 21 2008
Dionne Gonzelez Resigned Secretary CFO March 31 2010
Lyudmila Sukhaya Appointed Secretary CFO April 26 2010-