M C F T Y NATIONAL - SB-2/A - 20021217 - PROSPECTUS_SUMMARY
PROSPECTUS SUMMARY
This summary highlights certain information contained elsewhere in this
prospectus. You should read the following summary together with the more
detailed information regarding M.C.F.T.Y. National ("National" or "the
Corporation") and our financial statements and the related notes appearing
elsewhere in this prospectus.
The Company
Our Business
:
Our principal business address is 4894 Lone Mountain Road, Las Vegas,
Nevada 89130. Our telephone number is (702) 658-1847.
We currently have no operating locations.
We will be relying on the proceeds from this offering to fund a new
location. We will provide business center services and pack-and-ship
retail services to the Las Vegas market. From July 1, 2001 to July 1,
2002, we operated a 1,200 square foot business center/pack-and-ship
storefront located in a large strip mall anchored by a national chain
grocery store. In addition to our former storefront operation, we
conducted a two month test beginning November 1, 2001 and continuing
through December 31, 2001 with small kiosk operations in four (4) malls.
Though we no longer operate these locations, they allowed us to test the
Las Vegas market to determine the feasibility of developing upscale
business centers with low cost pack-and-ship services targeting hotel
guests and conventioneers. We have positioned ourselves to develop vendor
relations and strategic alliances with hotel/casino companies located in
Las Vegas, Nevada. Accordingly, we developed the concept of bringing
together in one location a broad range of services and products to offer
to the hotel/casino industry. These include a full range of business
services typically found in small hotel business centers such as copying,
fax service, Internet access, small word processing, and the use of a
small conference room plus the more advanced services and products such as
cellular telephone rentals, two-way radio rentals, advanced document
preparation and dictation services, printing, binding, collating,
laminating, money orders, MoneyGrams, and currency exchange. Additionally,
we will offer a free package pick-up service for sending small (up to 69
lbs.) packages.
Our CUSIP number is 55272Q 10 7. We intend to apply to have our common
stock included for quotation on the NASD OTC Bulletin Board. There can be
no assurance that an active trading market for our stock will develop. If
our stock is included for quotation on the NASD OTC Bulletin Board, price
quotations will reflect inter-dealer prices, without retail mark-up,
mark-down or commission, and may not represent actual
transactions.
Our State of Organization
:
We were incorporated in Nevada on May 22, 2000, as M.C.F.T.Y.
National.
The Offering
Offering Terms
:
Primary Offering
Our primary offering will consist of 10,000,000 shares of our common
stock to be sold at $0.04 per share for a period of 120 days immediately
upon effectiveness of this registration statement. We may or may not
extend the offering for a period up to ninety (90) days.
Resale Offering
The resale offering, or the sale by
selling security holders will consist of 3,127,129 shares of our common
stock already issued and outstanding. These shares will be offered at
$0.04 per share and will commence immediately upon effectiveness of this
registration statement, except for those shares offered by our President,
Diane J. Harrison. Ms. Harrison's shares will be offered only after the
primary offering is complete. Affiliated shareholders will sell their
shares at the primary offering price of $0.04 per share for the duration
of the offering. Non-affiliates may sell their shares at prices lower than
the primary offering price
only if and when
our securities
become quoted on a securities market.
Number
of Shares Being Offered
:
Primary Offering
We are offering 10,000,000 shares of our common stock. Our President
and sole Director, Ms. Diane J. Harrison, will be selling our stock as
well as offering her shares for sale as a part of this registration. Ms.
Harrison will be offering company stock at $0.04 per share prior to her
offering her shares for sale. Ms. Harrison will sell her shares only when
the
primary offering
is complete.
Resale Offering
The selling security holders want to sell up to 3,127,129 shares of
common stock. Issuance of these shares to the selling security holders was
exempt from the registration and prospectus delivery requirements of the
Securities Act of 1933, as amended.
Number of Shares Outstanding After the
Offering
:
3,127,129 shares of our common stock are issued and outstanding. We
have no other securities issued. If we sell all of the 10,000,000
additional shares we are registering, we will have 13,127,129 shares of
our common stock issued and outstanding after the offering.
Estimated Use of Proceeds
:
We will not receive any of the proceeds from the sale of those shares
being offered by the selling security holders. We intend to use
substantially all of the net proceeds from our sale of our common stock
for offering expenses, equipment purchases, product inventory, store lease
improvements, employee wages, and working capital.
Risk Factors
:
For a discussion of the risks you should consider before investing in
our common stock, read the "Risk Factors" section beginning on Page
3.
Selected Financial
Data
Balance Sheet
As of July 31, 2002
(Reviewed)
Total Assets
$ 36,092.01
Total Liabilities
$ 81,005.87
Stockholders Equity
$ (44,913.86)
Statement of Operations
For the Six Months Ending July 31,
2002
(Reviewed)
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