8-K 1 doc1.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 21, 2005 EWORLDMEDIA HOLDINGS, INC. (Exact name of registrant as specified in its charter) NEVADA (State or other jurisdiction of incorporation or organization) 000-14047 04-2392188 (Commission File Number) (IRS Employer Identification No.) 610 NEWPORT CENTER DRIVE, SUITE 210 NEWPORT BEACH, CALIFORNIA 92660 (principal executive offices) (Zip Code) (949) 718-0999 (Registrant's telephone number, including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act ITEM 3.01 NOTICE OF DELISTING OR FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD, TRANSFER OF LISTING. On April 21, 2005, an "E" was appended to Eworldmedia Holdings, Inc.'s (the "Registrant") trading symbol due to the Registrant's failure to timely file it's Annual Report on Form 10-KSB for the period ended December 31, 2004 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 22, 2005 EWORLDMEDIA HOLDINGS, INC. By /s/ Ronald C. Touchard ------------------------------------- Ronald C. Touchard, President

Additional Common Stock Paid In Retained Shares Amount Capital Deficit ----------- ----------- ----------- ----------- Balance at December 7, 2001 (inception) - $ - $ - $ - Net Income for Period Ended December 31, 2001 - - - 6,363 ----------- ----------- ----------- ----------- Balance at December 31, 2001 - - - 6,363 Shares Issued for Services at $.02 Per Share 11,540,000 11,540 219,260 - Shares Issued for Services at $.05 Per Share 276,250 276 13,537 - Shares Issued for Cash at $.20 Per Share 1,015,000 1,015 201,985 - Shares Issued for Cash at $.25 Per Share 24,000 24 5,976 - Shares Issued for Cash at $.40 Per Share 187,500 187 74,813 - Shares Issued for Cash at $.50 Per Share 155,000 155 77,345 - Cancellation of Shares (1,550,000) (1,550) (29,450) - Net Loss for the Period Ended August 31, 2002 - - - (1,055,579) ----------- ----------- ----------- ----------- Balance at August 31, 2002 11,647,750 $ 11,647 $ 563,466 $ (1,049,215) =========== =========== =========== ===========

August 31, December 31, 2002 2001 ------------- ------------- Cash Flows from Operating Activities Net (Loss) $ (1,055,579) $ 6,363 Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities; Depreciation & Amortization 5,688 - Stock Issued for Services 213,614 - (Increase) Decrease in Prepaid Expenses (650) - (Increase) Decrease in Employee Receivables (75,542) - (Increase) Decrease in Lease Deposits (3,200) - (Increase) Decrease in Sales Commission Advance (3,000) - Increase (Decrease) in Accounts Payable 521,075 - ----------- ----------- Net Cash Provided by Operating Activities (397,594) 6,363 Cash Flows from Investing Activities Furniture & Fixtures (1,850) - Acquisition of Licensing Agreement (39,000) - Organization Costs (2,085) - ----------- ----------- Net Cash Provided by Investing Activities (42,935) - Cash Flows from Financing Activities Issuance of Common Stock for Cash 361,500 - Issuance of Notes Payable for Cash 73,000 - ----------- ----------- Net Cash Provided by Financing Activities 434,500 - ----------- ----------- Increase (Decrease) Cash During Period (6,029) 6,363 Cash, Beginning of Period 6,363 - ----------- ----------- Cash, End of Period $ 334 $ 6,363 =========== =========== Supplemental Cash Flow Information Interest $ 1,849 $ - Income taxes - -

August 31, December 31, The Company has the following notes payable obligations: 2002 2001 ---------- ------------ Notes payable to Shareholder due on October 15, 2002, plus accrued interest at a rate of 8.5% per annum, personally secured by two officers of the Company. $ 73,000 $ - ------- ------- Totals $ 73,000 $ - Less Current Maturities 73,000 - ------- ------- Total Long-Term Notes Payable $ - $ - ======= =======

Tropical eWorldMedia Leisure Resorts Inc. 09/30/02 09/30/02 Adjustments Total ------------ ------------ ------------ ------------ Assets Current Assets Deposits $ - $ 3,200 $ 3,200 Receivables - 12,461 12,461 Prepaid Expenses - 650 650 ----------- ----------- ----------- Total Current Assets - 16,311 16,311 Fixed Assets Furniture & Fixtures - 1,850 1,850 Less: Accumulated Depreciation - (210) (210) ----------- ----------- ----------- Net Fixed Assets - 1,640 1,640 Other Assets Employee Advances - 110,529 110,529 License Agreements - 33,800 33,800 Organization Costs - 1,807 1,807 ----------- ----------- ----------- Total Other Assets - 146,136 146,136 ----------- ----------- ----------- Total Assets $ - $ 164,087 $ 164,087 =========== =========== =========== Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 8,271 $ 112,170 (8,271){a} $ 112,170 Commissions Payable - 165,031 165,031 Payroll & Payroll Taxes - 217,823 217,823 Refunds Payable - 24,500 24,500 Loan Payable - Related Party - 73,000 73,000 Notes Payable 40,867 - (40,867){a} - Interest Payable 2,093 - (2,093){a} - ----------- ----------- ----------- Total Current Liabilities 51,231 519,524 519,524 Stockholders' Equity Common Stock 335 12,656 2,415 {a} 15,406 Additional Paid-in-Capital 979,165 711,178 (981,915){a} 708,428 Retained Deficit (1,030,731) (1,152,271) 1,030,731 {a} (1,152,271) ----------- ----------- ----------- Total Stockholders' Equity (51,231) (428,437) (428,437) ----------- ----------- ----------- Total Liabilities & Stockholders' Equity $ - $ 164,087 $ 164,087 =========== =========== ===========

Tropical Leisure eWorldMedia Resorts Inc. Adjustments Total ------------ ------------ ----------- ------------ Revenue $ - $ 738,896 $ 738,896 Cost of Goods Sold - 140,503 140,503 ----------- ----------- ----------- Gross Profit - 598,393 598,393 Selling, General & Administrative Expenses Amortization & Depreciation - 5,688 5,688 Consulting - 432,790 432,790 Professional Fees - 105,933 105,933 Promotional Meetings - 39,233 39,233 Rent - 39,386 39,386 Salaries and Wages - 401,835 401,835 Sales Commissions - 403,440 403,440 General and Administrative 1,387 326,873 328,260 ----------- ----------- ----------- Total Expenses 1,387 1,755,178 1,756,565 Income (Loss) from Operations (1,387) (1,156,785) (1,158,172) Other Income (Expenses) Interest Income (686) (1,849) - Interest Expense - - (2,535) ----------- ----------- ----------- Total Other Income (Expenses) (686) (1,849) (2,535) ----------- ----------- ----------- Income (Loss) Before Taxes (2,073) (1,158,634) (1,160,707) Taxes - - - ----------- ----------- ----------- Net Income (Loss) $ (2,073) $ (1,158,634) $ (1,160,707) =========== =========== ===========

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