8-K/A 1 doc1.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K/A CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Date of Report (Date of Earliest Event Reported): March 26, 2003 --------------- THE PROJECT GROUP, INC. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Nevada 28445 88-0392153 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1770 St. James Place, Suite 115, Houston, TX 77056 ----------------------------------------------- ---------- (Address of Principal Executive Offices) (Zip Code) Registrant`s telephone number including area code: 713-622-1100 -------------- ----------------------------------------------------------- (Former name or former address, if changed since last report) ITEM 7. UNAUDITED PRO FORMA AS ADJUSTED FINANCIAL INFORMATION The following unaudited pro forma as adjusted financial information is derived from the historical financial statements of Pro Squared, Inc. (Pro Squared) and Global Boulevard International, Inc. (Global) included elsewhere in this Form 8-K and give effect to the merger using the purchase method of accounting as prescribed by Statement of Financial Accounting Standards No. 141 "Business Combinations". The unaudited pro forma as adjusted statement of loss and balance sheet data for the year ended December 31, 2002 give effect to the acquisition of substantially all of the issued and common shares of Pro Squared from its shareholders in a reverse merger on May 26, 2003, as if the event had occurred on January 1, 2002. The unaudited pro forma as adjusted statement of loss for The Project Group for the quarter ended March 31, 2003 are those of Pro Squared. The unaudited pro forma as adjusted consolidated financial information is provided for informational purposes only and does not purport to represent what The Project Group`s results of operations actually would have been had these events occurred on the dates indicated nor are they intended to predict The Project Group`s results of operations for any future period or date. The unaudited pro forma as adjusted financial information is based upon available information and assumptions that management believes are reasonable and should be read in conjunction with the Company`s other filings filed with the Commission. THE PROJECT GROUP, INC. (HISTORICAL PRO SQUARED, INC.) UNAUDITED PRO FORMA AS ADJUSTED BALANCE SHEET DECEMBER 31, 2002

THE PROJECT GROUP, INC UNAUDITED PRO FORMA AS ADJUSTED STATEMENT OF LOSS FOR THE THREE MONTHS ENDED MARCH 31, 2003 2003 ------------ CONSULTING REVENUE $ 544,055 COST OF CONSULTING REVENUE 210,910 ------------ GROSS PROFIT 333,145 ------------ GENERAL AND ADMINISTRATIVE Salaries and benefits 243,778 Professional and consulting fees 30,505 Bad debt expense - Travel and entertainment 38,284 General and administrative, other 44,451 ------------ Total general and administrative 357,018 ------------ Loss from operations (23,873) OTHER INCOME (EXPENSE) Interest expense (54,554) ------------ Loss before income taxes (78,427) INCOME TAX PROVISION - ------------ Net loss $ (78,427) ============ Basic and diluted loss per share $ (0.00) ============ Basic weighted average shares outstanding 22,128,000 ============ SIGNATURE --------- Pursuant to the requirements of Section 13 or 15(a) 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. The Project Group, Inc. Date: May 26, 2003 By: /s/ Craig Crawford ----------------------------------- Craig Crawford, President

GLOBAL BOULEVARD INTERNATIONAL INC 8-K/A