New OTCBB Listing: International Surf Resorts
August 31, 2010 (FinancialWire) (Investrend Information Syndicate) (Go to http://www.financialwire.net/?s=lstngsnws for other listings news articles.) — International Surf Resorts, Inc. (ISFR.OB), a consumer discretionary travel / recreation / leisure company, is officially listed on the Over-the-Counter Bulletin Board exchange, effective August 23, trading in units of 100.
From International Surf Resorts’ August 11, 2010, Form 10-Q filing for the quarterly period ending June 30, 2010:
“International Surf Resorts, Inc. (the Company) is currently a development stage company under the provisions of ASC 915, Development Stage Entities, and was incorporated under the laws of the State of Nevada on December 4, 2006. From inception (December 4, 2006) through June 30, 2010, the Company has produced no revenues and will continue to report as a development stage company until significant revenues are produced. The Company is an Internet based provider of international surf resorts, camps, and guided surf tours.
“In June 2009, we launched a pilot program to determine the feasibility of operating a small surf resort in Bali. As part of the program, the Company purchased a wood house in Bali and leased the land. The land is located very close to a beach which has a very good surf location.
“The Company also intends to operate a surf camp in San Juanico, Baja California Sur, Mexico on 2.5 acres of land that it owns there. On February 19, 2007, the Company formed ISR de Mexico, a Mexican corporation, for the purpose of acquiring real estate in Mexico. At June 30, 2010, the Company owned 55% of ISR de Mexico. The remaining 45% interest is owned by related parties.”
Complete filings on all U.S. exchange listed reporting companies are accessible via the SEC website (at http://www.sec.gov/edgar/searchedgar/webusers.htm).
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