Was St. Peter Ever in Rome?
These posts from P to Kim Yong-Jae (whose words are KY>) originally appeared in FidoNet OpenBible in September 1995, as part of the "Bateman on Trial" series. Thanks to Joe Gallegos for supplying some of the information in these posts. The Joe Gallegos files mentioned PAPACY.ZIP (debate with an Orthodox Christian who became Catholic a few years later, Pedro Vega) along with PAPACY1.ZIP (answers more objections from Reformed Baptist apologist James White) are available in text or HTML format from his web site CorUnum Catholic Apologetics (see my links) which goes in depth with a lot of the historical objections to the Papacy, and contains much documentation from the Church Fathers on many doctrines of the historic Christian faith.
KY> Peter was never there! Peter's tomb was also discovered outside *Jerusalem*; there is historical documentation to verify this factor.
I will give you three days to retract this absurd statement. Today is September 19, 1995.
Hello Kim! Yes, I am back. Did you miss me?
I asked you to retract your statement that "Peter was never in Rome." You did not retract.
"On the other hand stands united Catholicism -- immovable amid the ebb and flow of human innovations, impregnable to the attacks of heresies, indifferent to the rise and fall of empires, surviving spoliation, superior to schism, steadfast in persecution, and calmly watching the disintegration of its enemies! Thus does the changeless Church of Rome endure, and thus she will endure, till Christ who founded her shall come again.
"Wonderful Body of the Living Christ! In faith, in sacraments, in doctrine, in ceremonial, in language, in discipline, in its identical catechism, and in its one obedience to a single head in chapel, in cathedral, in hamlet, in metropolis, in Europe, Asia, Africa, America and on the islands of all seas -- everywhere and at all times it is the same!
"Surely if the testimony of 1,900 years does not effectively prove the Church of Rome to be the institution founded by our Savior on the Rock of Peter, then has the world no Church of Christ at all."
KY> So is the testimony of Roman Catholic authorities who have dared to be bold enough to tell the truth of the matter.
You are the Prosecutor. Charles Bateman is your assistant. The accused is the Catholic Church.
The crime is usurping the role of the Holy Spirit by claiming the Apostle Peter is the first Pope, the Vicar of Christ on earth.
I am the Defense attorney. The Lurkers of OpenBible are the Jury.
We shall deal with the following statement in the Bateman/Yong posts.
KY> In fact, no mention is made of Peter ever being in Rome at ANY time in the 27 documents of the oldest existing record of the Christian Faith. The Apostle Paul wrote an Epistle to the church at Rome, named approximately SIXTEEN (16) people, by name, and never mentioned Peter. That was NO oversight on his part. Peter was never there! Peter's tomb was also discovered outside *Jerusalem*; there is historical documentation to verify this factor. Even if that were not the case, Paul's neglect at mentioning Peter, in Romans 16, is INEXCUSABLE, if Peter were Head of the Church.
YONG-JAE: Peter was NEVER in Rome! The prosecution rests, your Honor.
JUDGE: Counsel for the Defendant, call forth your first witness.
P: Thank you, your Honor. Defense calls the Apostle Peter!
P: Please take the Witness stand. State your name for the Jury.
JUDGE: Overruled. See Matthew 16:18. Please continue Mr. P.
P: Now state your present occupation.
YONG-JAE: Objection, that has yet to be established.
JUDGE: Sustained. Jury is to disregard Witness' last remark.
PETER: ...and Holder of the Keys of Heaven and fisherman on the side.
P: Now I ask you plainly, tell us precisely where you were in the years circa 63-64 A.D. ?
PETER: "By Silvanus, our faithful brother as I consider him, I have written to you briefly, exhorting and testifying that this is the true grace of God in which you stand. She who is in BABYLON, elect together with you, greets you; and so does Mark my son. Greet one another with a kiss of love. Peace to you all who are in Christ Jesus. Amen."
JUDGE: You may step down. Counsel, call your next witness.
P: Defense calls J.N.D. Kelly, distinguished Church historian and Principal of St. Edmund Hall, Oxford. State your name and your present occupation.
KELLY: John Norman Davidson Kelly. I am a Canon of Chichester Cathedral and a Fellow of the British Academy; since 1966 I have been a member of the Academic Council of the Ecumenical Theological Institute, Jerusalem. My publications include EARLY CHRISTIAN CREEDS, EARLY CHRISTIAN DOCTRINES, THE EPISTLES OF PETER AND OF JUDE, and JEROME. I'm also fond of tea and crumpets. I'm sure you've heard of me?
P: Yes. Now please tell us plainly, was Peter in Rome??!!
KELLY: "It seems certain that Peter spent his closing years in Rome. Although the NT appears silent about such a stay, it is supported by 1 Peter 5:13, where 'BABYLON' is a code-name for ROME, and by the strong case for linking the Gospel of Mark, who as Peter's companion (1 Pet 5:13) is said to have derived its substance from him, with Rome. To early writers like Clement of Rome (c. 95), Ignatius of Antioch (c. 107), and Irenaeus (c. 180) it was common knowledge that he worked and died in Rome."
P: Thank you, Dr. Kelly. See you at Wimbledon next year.
Defense next calls Shotwell and Loomis. While this may sound like a comedy team of the 1950's, they are the authors of the massive study THE SEE OF PETER. Tell us you two, was Peter in Rome??
"Upon the whole, there seems nothing improbable in the tradition and the belief of Catholic writers in St. Peter's early labors in Rome. His martyrdom there, at a later period, is vouched for by a fairly continuous line of references in the documents from Clement on."
P: You may step down. Defense calls the editors of the Evangelical NEW BIBLE COMMENTARY 21st Century Edition (1994). Please tell us where was Peter writing his First Epistle?
NBC: "In 5:13 the writer sends greetings from 'she who is in Babylon, chosen together with you'. This seems like a reference to the local church in Babylon, but it is unlikely that Peter would have gone to the former capital of Nebuchadnezzar's empire.
"By Peter's time it was a sparsely inhabited ruin (fulfilling Isaiah 14:23). In Rev 16:19 and 17:5 'Babylon' is used as a cryptic name for Rome, and Col 4:10 and Phm 24 (most likely written in Rome) show that Mark was there with Paul. In 2 Tim 4:11 Mark is in Asia Minor, and Paul sends for him to come, most probably to Rome."
P: What about the fact Paul does not mention Peter in his Epistle to the Romans?
NBC: "The fact that neither Peter nor Paul mentions the other in the list of those sending greetings from Rome merely suggests that they were not together at the time of writing their letters. All this points to the theory that Peter was writing from Rome, which is supported by the evidence of Tertullian (praescrip haeret, 36) and Eusebius (Eccl History, 2.25.8; 2.15.2 and 3.1.2-3)."
P: Defense calls the infamous liberal scholar Adolph Harnack.
HARNACK: "...to deny the Roman stay of Peter is an error which today is clear to every scholar who is not blind. The martyr death of Peter at Rome was once contested by reason of Protestant prejudice."
McBirnie adds: "Since the end of World War II great interest has been focused upon the excavations under the church of St. Peter in Rome. It has now been officially announced by the Pope that the grave of Peter has been found. Most scholars today accept the Roman stay of Peter."
P: Dr. Harnack, are you saying Mr. Yong-Jae and Mr. Bateman are blind and prejudiced?
HARNACK: You got that right, tough guy.
P: Okay. Next we call James White, author of THE KING JAMES ONLY CONTROVERSY (Bethany House, 1995). Please state your full name for the Jury.
I mean, Butler. I am "the best critic of Roman Catholicism in the United States today." I have written books attacking Romanism and am working on a large one that will blow away the volumes put out by Moody, William Webster, and Norm Geisler.
P: Wow! You are very impressive. You must have something very important you would like to say about our current subject?
WHITE: Why, yes, I do. I do indeed. You see, "In fact, there is a GOOD possibility that Peter did not go to Rome AT ALL."
P: What??? Would you mind repeating that for the Jury?
WHITE: I said, "there is a GOOD possibility that Peter did not go to Rome AT ALL." You see, there was a huge Jewish population in Babylon at the time (Answers, p. 103-104), so Peter could be taken literally in 1 Peter 5:13. He wrote and died in Babylon, not Rome.
P: You can't be serious, man. Babylon was in ruins. Aren't you paying attention to this trial? Harnack just called you a blind man above! What about the overwhelming historical evidence?
WHITE: I don't care. The Pope is not the Vicar of Christ on earth and Peter NEVER went to Rome. He was NEVER there! I'm sorry but I have been doing a bunch of research and Loraine Boettner is quite correct. Rob Zins thinks so too. Yeah, Zins is cool.
P: Are you nuts??? I was going to call Boettner next.
P: Defense calls Loraine Boettner, author of the most infamous anti-Catholic book of all time that is filled with hundreds and hundreds of errors, titled ROMAN CATHOLICISM published by Presbyterian and Reformed Publishers in 1962. How are we today, Dr. Boettner? Please state your name and present occupation.
BOETTNER: Dr. Loraine Boettner, rhymes with Bet-ner. I was born on a farm in northwest Missouri and apparently that is where I learned my history -- yes, from the pigs and cows. I also graduated from Princeton Theological Seminary with a Th.B. in 1928 and a Th.M. the next year. I studied systematic theology under the late but never too late Charles W. Hodge. In 1933 I received the honorary degree of Doctor of Divinity and in 1957 the degree of Doctor of Literature. However, I did not learn a damn thing and saw my most famous book on ROMAN CATHOLICISM through the presses in 1962. I am damn proud of it too. Have written a few other books but those pale in comparison.
I taught Bible for 8 years in Pikeville College, KY and lived in Rock Port, MO until my death in 1990.
P: Thank you, Dr. Boettner. Please say what you want to say.
BOETTNER: Peter NEVER went to Rome. "There is no allusion to Rome in either of his epistles....There is in fact no New Testament evidence, nor any historical proof of any kind, that Peter ever was in Rome. ALL rests on legend."
BATEMAN: Amen, brother. Preach it.
P: You guys are nuttier than James White. Your Honor, I want to have this witness arrested for contempt of court -- either that or declare him a mental incompetent. He is simply not fit for trial and we should dismiss his whole testimony as historically absurd.
YONG-JAE: Objection, your Honor. Boettner preaches the truth!
JUDGE: Both Counsel approach the bench, please. The Court will take a 20-minute recess.
JUDGE: The Jury is to disregard the testimony of James White and Loraine Boettner. They are complete morons on this point. Defense, call your next expert witness.
P: We call the biggest anti-Catholic critic of all time, who wrote the 500-page volume THE INFALLIBILITY OF THE CHURCH, the Anglican Fish of the last century, George Salmon, who James White can't hold a candle to and in fact rips off all of Salmon's arguments. Tell us about Peter, Dr. Salmon?
SALMON: "Some Protestant controversialists have asserted that Peter was NEVER at Rome...I think the historic probability is that he was; though, as I say, at a late period of the history, and not long before his death....[but some] Protestant champions had undertaken the impossible task of proving the negative, that Peter was NEVER at Rome. They might as well have undertaken to prove out of the Bible that St. Bartholomew never preached in Pekin."
"For myself, I am willing, in the absence of any opposing tradition, to accept the current account that Peter suffered martyrdom at Rome. We know with certainty from John xxi that Peter suffered martyrdom somewhere. If Rome, which early laid claim to have witnessed that martyrdom, were not the scene of it, where then did it take place? Any city would be glad to claim such a connexion with the name of the Apostle, and NONE but Rome made the claim."
"If this evidence for Peter's Roman martyrdom be not deemed sufficient, there are few things in the history of the early Church which it will be possible to demonstrate."
P: Next we call New Testament scholar F.F. Bruce.
BRUCE: "That Peter as well as Paul was put to death at Rome under Nero is the UNANIMOUS testimony of Christian tradition so far as it touches this subject."
"That Peter and Paul were the most eminent of many Christians who suffered martyrdom in Rome under Nero is CERTAIN; that they were claimed as co-founders of the Roman church and that this, together with their martyrdom there, conferred great religious (as distinct from political) prestige on that church, is likewise CERTAIN...."
P: Next -- Lutheran scholar Oscar Cullmann.
CULLMANN: "It is sufficient to let us include the martyrdom of Peter in Rome in our final historical picture of the early Church, as a FACT which is relatively though not absolutely assured. We accept it, however, with the self-evident caution that we have to use concerning many other facts of antiquity that are universally accepted as historical. Were we to demand for all facts of ancient history a greater degree of probability, we should have to strike from our history books a large proportion of their contents."
P: Next -- German historian and archaeologist Hans Lietzmann.
LIETZMANN: "ALL the early sources...clearly suggest to us, namely, that Peter sojourned in Rome and died a martyr there. Any other hypothesis regarding Peter's death piles difficulty upon difficulty, and cannot be supported by a single document."
P: Next -- Church historian Jaroslav Pelikan.
PELIKAN: "The martyrdom of both Peter and Paul in Rome....belongs to [Christian] tradition. It has often been questioned by Protestant critics, some of whom have even contended that Peter was NEVER in Rome. But the archaeological researches of the Protestant historian Hans Lietzmann, supplemented by the library study of the Protestant exegete Oscar Cullmann, have made it extremely difficult to deny the tradition of Peter's death in Rome under the emperor Nero.
"The account of Paul's martyrdom in Rome, which is supported by much of the same evidence, has not called forth similar skepticism."
P: Next -- that famous anti-Catholic critic of last century Bishop Charles Gore of England.
GORE: "[It is] quite certain that he [Peter] died there [Rome] a martyr's death in the persecution under Nero (about A.D. 65)."
P: Next -- the exhaustive study conducted by Daniel O'Connor.
O'CONNOR: "The almost complete silence of the New Testament, and in particular the silence of Paul's Epistle to the Romans and the Book of Acts, is NOT decisive evidence for or against the theory of a Roman residence of Peter. On the other hand, 1 Peter 5:13 IS plausibly interpreted as testifying to a Roman residence of the apostle."
"...it does seem highly probable that Peter did visit Rome. As has been stated previously, the tradition is too old and too unchallenged in antiquity to be challenged with any force in the present."
"...if the suggestions and implications which are drawn from certain of these early notices are studied with those of the later sources, there results a most persistent tradition which sets the martyrdom of Peter in Rome within the reign of Nero (most probably between A.D. 64 and 67)."
"In summary, it appears more plausible than not that: (1) Peter did reside in Rome at some time during his lifetime, most probably near the end of his life. (2) He was martyred there as a member of the Christian religion. (3) He was remembered in the traditions of the Church and in the erection of a simple monument near the place where he died. (4) His body was never recovered for burial by the Christian group which later...came to believe that what originally had marked the general area of his death also indicated the precise placement of his grave."
P: How about some Catholic sources too!
NCE: "It is quite certain that Peter spent his last years in Rome. The first of the two epistles ascribed to him was written from 'Babylon,' a code name for Rome....[what] can be said with certainty is that he went to Rome and was martyred there."
P: Please send in Karl Keating of Catholic Answers!
YONG-JAE: Objection, your Holiness, I mean, your Honor! That is Special Pleading!
JUDGE: Overruled. Now, shut up, and let the man speak!!!!!
KEATING: "Pope Paul VI was able to announce officially something that had been discussed in archaeological literature and religious publications for years, that the actual tomb of the first Pope had been identified conclusively, that his remains were apparently present, and that in the vicinity of his tomb were inscriptions identifying the place as Peter's burial site, meaning early Christians knew that the Prince of the Apostles was there.
John Evangelist Walsh's THE BONES OF ST. PETER.
"It is enough to say that the combination of historical and scientific evidence is such that no one willing to look at the facts with an open mind can doubt that Peter was in Rome. To deny that fact is to let prejudice override reason."
P: Then by all means, bring in Mr. John Evangelist Walsh!
YONG-JAE: No, noooo, noooooo! I can't take it anymore!!!!! AAAAAAAAAAAaaaaaahhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!
JUDGE: Mr. Bailiff, would you please remove both Mr. Yong-Jae and Mr. Bateman from the courtroom. Please handcuff them, arrest them, and beat them silly with large wet noodles.
I am not going to have such outbursts in my lovely courtroom. Please continue, Mr. P. You are entertaining as usual.
P: As I said, send in Mr. John Evangelist Walsh and have him carry in the very bones of St. Peter himself! On second thought, I'll just quote from his outstanding book published by Doubleday.
Please tell us who you are and what you do, Mr. Walsh.
WALSH: John Evangelist Walsh. I am the author of several books and senior editor at Reader's Digest and the prime spokesman for the Reader's Digest Condensed Bible. My books include ones on the Shroud of Turin, the Wright Brothers, and John Paul Jones.
P: Please tell us about your book, THE BONES OF ST. PETER.
WALSH: "In A.D. 68, Simon bar-Jonah, commonly known as Peter -- the man who in the Gospels walks so humanly at the right hand of Jesus -- was executed by crucifixion. For centuries the tradition of the Roman Catholic Church held that St. Peter's Basilica was built to honor and preserve the true grave of the Prince of the Apostles.
magnificent high altar of the Basilica to finally locate the mortal remains of St. Peter.
"For nearly two thousand years the relics of St. Peter represented one of the Church's greatest treasures -- and a widespread conspiracy of silence was imposed in an effort to safeguard them. Then in 1939 began the archaeological exploration that was to span thirty years -- as researchers, scholars, and scientists sifted through layers of subterranean structures and back in time through cherished ruins to slowly unravel the secrets surrounding the burial of St. Peter.
"THE BONES OF ST. PETER is the engrossing true story of how the puzzle was finally solved -- of how the bodily remains of St. Peter were rescued from centuries of oblivion."
WALSH: "For various sorts of timely assistance, especially in obtaining materials and in the work of translation, I wish to offer my sincere thanks to the following: Dr. Margherita Guarducci of Rome University; Annamaria Conti of the Italian edition of The Reader's Digest; Luciano Belanzoni of Rome; Monsignor H. Monni and Don Michel Basso of the Vatican; Mary Cannizzaro, Robert Goyette, Carol Tarlow, and Virginia Armat; Sterling Library, Yale University; the staff of the Dixon Homestead Library, Dumont, New Jersey.
"A special debt of gratitude is owed to all those scholars whose meticulous regard for the facts, and whose sincere attempts to interpret those facts, whether pro or con, have made my own studies so rewarding an experience."
Brethren, I may say to you confidently of the patriarch David that he both died and was buried, and his tomb is with us to this day.
Two words for you -- PROVE IT.
WAS PETER "EVER" IN ROME?
Here are a few comments from recent books claiming to offer a "factual" critique of Catholic beliefs from Scripture and history. Consider what these books say on whether St. Peter went to Rome in light of the above evidence from Protestant and Catholic historians/scholars.
Leaving aside the question of Peter's primacy (see the Joe Gallegos site and the books I mentioned for the evidence), why do evangelical authors continue to raise the question : "Was Peter EVER in Rome?"
Smells like more anti-Catholic prejudice to me.
Here are other recent books by more popular Catholic bashers.
Peter's name does not appear in the succession list of St. Irenaeus? See Against Heresies 3:3:1-3. Maybe that is because this is a list of SUCCESSORS of Peter, and Saints Peter (and Paul) are explicitly mentioned by Irenaeus as FOUNDERS of the Church at Rome, "the greatest and most ancient Church known to all...[and] because of its superior origin, all Churches must agree, that is, all the faithful in the whole world...." (St. Irenaeus 180-99 AD, from Jurgens, Faith of the Early Fathers, volume 1, page 90).
Webster goes on to cite the "universal bishop" controversy of Pope Gregory the Great as supposed "evidence" which I have thoroughly answered from the 2-volume work by F. Holmes Dudden on St. Gregory. This myth of "no Papacy in the early Church" is exploded in the site by Joe Gallegos (with help from John Chapman and B.C. Butler). I hope to write my own compilation when I gather enough primary source material (see the books by Scott Butler and Stephen Ray for recent complete studies on the subject).
I have to ask: why the continued doubt about St. Peter's presence and influence in Rome (and apparently for Webster not St. Paul) if not that this shows an extreme anti-Catholic prejudice against the Papacy?
While overall the arguments used in this book against the Catholic Church and her doctrines are, in my opinion, quite weak (compared with recent works by Norm Geisler and James White), McCarthy at least admits "some scholars" do acknowledge Peter's presence in Rome.
White continues: "If there is no evidence for the Papacy from Peter himself...." leaving the impression in the reader's mind that this supposed "doubt" about Peter's presence in Rome is "evidence" against the Papacy. On page 109, White stated "there is no reference to Rome" in the epistles of St. Peter, ignoring the evidence from 1 Peter 5:13.
I commend James White for at least including this factual statement, but that it must be relegated to a note near the end of the book says something about the persistent prejudice many anti-Catholic authors and publishers of books attacking the Catholic Church (in the past and present) have regarding St. Peter's presence in the Church at Rome.


Glenn spotted a new Ryobi 18V cordless brushless tool in Australia called the Ryobi 18V Brushless Planting & Digging Tool model ODT1800.
This new cordless planting and digging tool is basically a battery powered earth auger and makes it yet another one of Ryobi's brushless cordless tools on their 18V platform. The earth auger is equipped with a 150mm auger which is 5.9 inches in diameter making it perfect for planting and also great for setting up 4×4 fence posts with ease and without the hassle of backbreaking shoveling.
The brushless motor helps it achieve not only the power necessary to dig up dirt but also allows up to 30 150mm holes to be made with a single battery. They didn't list which battery but it could be with either a 5.0ah or 6.0ah battery. There's also electronic kickback protection to stop the motor in case the auger binds on a rock or root so the user doesn't get hurt by the whiplash.
No word on if or when we will get one here in the USA but chances are good since we get most if not all new Ryobi tools announced overseas here in the USA.
Where's the 40V love, Ryobi?
James C, the 40v is max voltage. It is actually 36v. Same as 20v max is actually 18v.
I wonder if the same task could be completed with their brushless drill on "low gear" and an earth auger bit. That drill has ridiculous torque and a very smooth low speed, and I think even a side handle (that I don't normally connect or use).


in Creative & Tech, Mobile Marketing, Reports & Whitepapers, Social Media with tags sxsw, SXSW 2015, sxsw interactive Both comments and trackbacks are closed.
Hot off the press is our SXSW Recap – a comprehensive report of the best of SXSW Interactive 2015. This year, brands continued to stand out with relevant, entertaining activations that in many cases provided utility to conference goers. Nontraditional panels inspired our on-the-ground SXSW ambassadors and trending tech continued to make its presence known in Austin.
This recap gives an overview of the major themes, personalities, trending tech, notable brands and sessions that stood out to our team in Austin this year. Read the full recap here.
Big thanks to our SXSW brand ambassadors who contributed to this recap: Emily Bell, Valentina Bettiol, Fitz Maro, Alden Millar, Sam Stein and Marisa Zupan.


As an aside, I trust that you realise that the MAIB is not flag-state. Flag state for the UK is represented by the MCA. MAIB investigate accidents/incidents in order to learn and promulgate lessons and avoid similar incidents in the future. They are not flag-state.


text:
[X] Annual Report under Section 13 or 15(d) of the Securities Exchange Act of
Commission file number 0-50584
LD Holdings Inc
(formerly Leisure Direct, Inc.)
(Name of Small Business Issuer in Its Charter)
1070 Commerce Drive, Building II, Suite 303, Perrysburg, OH 43551
(Issuer's Telephone Number, Including Area Code)
Securities registered under Section 12(b) of the Exchange Act: None.
Securities registered under Section 12(g) of the Act:
Common Stock, $.001 par value
(Title of Class)
Check whether the issuer is not required to file reports pursuant to Section 13
or 15(d) of the Exchange Act. [ ]
Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for past 90 days. Yes X No ___
Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-K contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. |X|
Indicate by checkmark whether the registrant is a ____ large accelerated filer, ____an accelerated filer, ____a non accelerated filer, or X a smaller reporting company in Rule 12b-2 of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes____ No X
State the aggregate market value of the voting and non-voting common equity held by non-affiliates, computed by reference to the price at which the common equity was sold, or the average bid and ask prices of such common equity, as of a specified date within the past 60 days.
The aggregate market value of our common shares held by non-affiliates of the registrant on June 30, 2011 was approximately $410,026.
As of April 16, 2012, the Issuer had 21,025,061 common shares, $.001 par value, outstanding and 974,156 preferred shares, $.001 par value, outstanding.
Item 1. Description of Business
This document contains forward-looking statements, including statements regarding the Company's strategy, plans for growth and anticipated sources of capital and revenue. The Company's actual results may differ dramatically from those anticipated in these forward-looking statements. The differences may result from one or more of the risk factors described below or from events that we have not foreseen.
- LD Holdings has very limited financial resources. In order to implement our business plan we will have to raise capital. If we are unsuccessful in raising capital, our business will not grow.
- Because of its limited operating history, LD Holdings has little historical financial data on which to base its plans for future operations. Management will have to budget capital investment and expenses based, in large part, on its expectation of future revenues. If those expectations are not met, LD Holdings may exhaust its capital resources before it achieves operational stability.
LD Holdings, Inc., (Symbol LDHL), has adopted a business model that seeks to capitalize on the massive transfer of generational assets as the "Baby-Boomer" generation transitions from the ownership of small businesses into retirement. The Baby-Boomer generation is represented by almost 78 million individuals born between 1946 and 1964. Over the next 20 years as these Baby-Boomers are retiring, there are going to be businesses worth trillions of dollars that need to be sold by this Boomer generation.
Historically, the sellers typically wanted to provide minimal or no financing to the buyer. These types of transactions were too large for most individuals to finance, too risky for banks based upon the company's individual merits (as opposed to the buyer's personal balance sheet) and too small to interest most institutional investors (hedge funds and private equity groups) to consider. The lack of liquidity made it difficult to raise funds privately from anyone but relatives.
The company seeks to take a seemingly negative funding situation and turn it into a positive one. Many of these Baby Boomer businesses being sold, whether the sellers want to or not, will be forced to provide a major portion, or all, of the financing in order to sell their businesses or will be forced to sell them below their true market value in order to get the business sold.
The company plans to focus its efforts on becoming a "known buyer" of small companies that meet its acquisition criteria, which it intends to widely distribute to business sellers directly and to others on its websites. The 5-Year Plan is to accumulate at least 45 of these small companies and to slowly meld them into cohesive business units. Using $8.33 million of revenues as an average in years 1 through 3, and $10 million of revenues as an average in years 4 and 5, will result in consolidated total revenues of $420 Million by the end of year 5.
The company's objective, through aggressive use of the Internet, is to put an outside investor base in place that shares the company's vision and objectives while the search for acquisitions is being conducted. The company will stress on its affiliated websites and in its investor information that it is looking for long-term investors who are willing to hold their positions for a year or more.
In our first full year of operations, the company plans to acquire at least 3 companies with $25 million sales and EBIT of $2.5 million. At 15 x EBIT, this would place a market capitalization of $37 million on the company. In order to accomplish its objectives, and as explained in this Business Plan, the company has developed a 4-Step Process.
Current Business Operations
LD Holdings, Inc., (Symbol LDHL), is a Financial and Management Holding Company that has identified a significant business opportunity that will fill a void in the small business world. That void is the sale and transfer of businesses from one generation (the Baby Boomer) to the next.
With over 25 million small businesses in the USA and 15 trillion dollars of businesses to be sold over the next 15-20 years, there will be many opportunities for wealth generation. The following services will be needed:
There will be a need for Marketing, Sales and other Business Services to prepare the businesses for sale.
There will be a need for buyers for these businesses.
There will be a need for entrepreneur managers to manage these businesses.
There will be a need for the financing of these businesses.
LD Holdings, Inc., as a Financial and Management Holding Company, will take advantage of this opportunity with its two operating divisions under the parent holding company. These divisions are the Financial Services Division (LD Financial, Inc.) and the Operating Division that will manage the portfolio companies in which LD Holdings, Inc. will have varying percentages of ownership.
The Financial Services Division (LD Financial, Inc.) will concentrate on businesses with sales between $2 million and $20 million and EBIT between $500,000 and $3 million. Owners of these businesses have a difficult time getting full value because the financing of these companies is too large for most individuals to finance, too risky for banks based upon the company's individual merits (as opposed to the buyer's personal balance sheet) and too small to interest most institutional investors (hedge funds and private equity groups) to consider. A lack of liquidity makes it difficult to raise funds privately from anyone but relatives.
The Financial Services Division provides the following services:
1* The Marketing, Sales and Other Business Services represent specifically target services to position client companies for both sales and profit growth in preparation for their eventual sale. The lead service involves the client company outsourcing some portion of the sales function to us as an Independent Sales Organization (ISO). This enhances the value of the company because it is no longer dependent upon the selling management's relationship with the company's customers. We provide this service under a variety of formats and compensation arrangements. Typically, these are long-term joint-venture marketing efforts that result in recurring revenue streams to the company. The auxiliary consulting services provided include helping the client company to finance its growth and to prepare it for sale under the most advantageous terms possible to the client. In many cases, we will participate in the incremental value created.
2* Financial Services will maintain an ongoing data base of businesses for sale. This allows the company to look for synergistic opportunities to combine one or more acquisition candidates at some future date. This database also provides the company with a historical perspective of different industries and distribution channels along with any type of geographical variation in the valuation of businesses.
3* Financial Services maintains a database of individuals with specific backgrounds and expertise that will be available for both acquisition evaluation, and strategizing the post-acquisition business model for each potential acquisition candidate, once the financial aspects of the transaction are determined. Particular attention will be given to developing relationships with those entrepreneurs and managers that want to perform in a results-driven environment, which has the associated incentives in place to create personal wealth for them and an above average return for the company's stockholders. What distinguishes these individuals is that they are self-motivated, looking for a rewarding opportunity and are willing to put in whatever time is needed.
4* Financial Services maintains an ongoing data base of investors that share the company's vision and objectives. The company is looking for long-term investors who are willing to hold their positions for a year or more for superior rates of return. Investors that want to participate in ground floor investment opportunities that the company's Business Model represents have a special wealth building vehicle available to them. The company's stock is thinly traded with a relatively small float. This will allow the company to look for synergistic opportunities to combine one or more acquisition candidates.
On September 7, 2010, Boomer's Diner, Inc., a Michigan corporation and wholly owned subsidiary of LD Holdings, Inc. (LDHL), signed a Letter of Intent to acquire the assets and lease the facilities of a former Johnny Rockets Restaurant in Monroe, Michigan and opened for business in October, 2010. On August 28, 2011, the company closed its Monroe, Michigan diner, and on October 17, 2011, the company opened a Boomers Diner in Toledo, Ohio. The location is ideally suited for our Diner Model as an end cap of a commercial shopping center, with plenty of parking and on a main thorough fare. As part of the Boomer's Diner Business Plan, the diner is modeled after a "local" diner which has proven successful over the last six years, located near the Company's Headquarters in Perrysburg, Ohio.
This new subsidiary's business plan compliments the business plan of LDHL, which is to help facilitate the transfer of "Baby Boomer" businesses in the $2-$20 million annual sales range to younger generations. Collaboration of business resources, lead generation and other business services will expand and leverage the footprint of LDHL.
This sets the stage for the company to get its tentacles into the local community and have its loyal customer base as a source for finding businesses that are for sale, entrepreneur manager candidates and investors. It is anticipated that some of these customers will also become shareholders in the parent company. The plan is to open or collaborate to have 10 -12 locations operating over a three state area (Ohio, Michigan, Indiana) over the next 24 - 36 months.
LD Holding's principal, John R. Ayling, Chairman, Chief Executive Officer and Chief Accounting Officer, spent a material amount of time working on behalf of the Company during the year. The company expects to hire from time to time, independent consultants and contractors during the stages of implementing our business plan. As the Company grows, it will develop a group of full time employees that will be supplemented with temporary labor.
Item 2. Description of Property
The Company's executive offices are currently located at 1070 Commerce Drive, Building II, Suite 303, Perrysburg, Ohio 43551. The Company shares a portion of an office complex located at this address with Capital First Corporation, a shareholder of the Company. The Company currently pays rent of $2,500 under a sublease agreement with Capital First for this location.
Item 4. Submission of Matters to a Vote of Security Holders
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Small Business Issuer Purchases of Equity Securities
(a) Market Information
The Company's common stock has been quoted on the OTC Bulletin Board under the symbol "LDHL" since November, 2008. Prior to that date, the Company's common stock was quoted on the OTC Bulletin Board under the symbol "LDTI". Set forth below are the high and low bid prices for the fiscal quarters, 2011. The reported bid quotations reflect inter-dealer prices without retail markup, markdown or commissions, and may not necessarily represent actual transactions.
Low Bid
$ .03 $ .02
(b) Shareholders
On April 16, 2012, there were 165 holders of record of the Company's common stock.
(c) Dividends
The Company has not paid cash dividends since inception. The Company intends to retain all of its earnings, if any, for use in its business and does not anticipate paying any cash dividends in the foreseeable future. The payment of any future dividends will be at the discretion of the board of directors and will depend upon a number of factors, including future earnings, the success of the company's business activities, capital requirements, the general financial condition and future prospects of the company, general business conditions and such other factors as the board of directors may deem relevant.
(d) Recent Sales of Unregistered Securities
The Company did not sell any securities during the 4th quarter of 2011 that were not registered under the Securities Act.
(e) Repurchase of Equity Securities
The Company did not repurchase any of its equity securities that were registered under Section 12 of the Securities Act during the 4th quarter of 2011.
Item 6. Except for historical information, the Company's reports to the
Securities and Exchange Commission on Form 10-K and 10-Q and periodic press releases, as well as other public documents and statements, contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward -looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements. These risks and uncertainties include general economic and business conditions, development and market acceptance of the Company's products, current dependence on the willingness of investors to continue to fund operations of the Company and other risks and uncertainties identified in the Company's reports to the Securities and Exchange Commission, periodic press releases, or other public documents or statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to republish or revise forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrences of unanticipated events.
The selected financial information presented below under the captions "Statement of Operations" and "Balance Sheet" for the years ended December 31, 2011 and 2010 is derived from the financial statements of the Company and should be read in conjunction with the financial statements and notes thereto.
The financial data are those of LD Holdings, Inc. All intercompany accounts and transactions have been eliminated in consolidation.
Shareholders' equity (deficit)
STATEMENT OF OPERATIONS
For the years ended
Operating (loss)
Net (loss)
Net loss per common share
(.03
Number of shares used in Computing per share data
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
For the years ended December 31, 2011 and 2010 LD Holdings had revenues of $320,185 and $148,413, respectfully. LD Holdings had a working capital shortage throughout 2011 and did not emphasize current operations. Management has elected to devote all of its' time seeking financing partners to further implement its Business Plan.
LD Holdings gross margin was $166,531 and $95,744 in 2011 and 2010, respectively. The 2011 and 2010 revenue was generated from two family diners and from consulting services for a related entity, owned and operated by Management.
During 2011 LD Holdings incurred general and administrative expenses of $646,736 compared to $390,919 in 2010. The primary drivers were impairment expense, salaries and wages, rent, management fees, professional fees and consulting expenses for the change in general and administrative expenses.
The Company's net loss for 2011 was $554,673 compared to $341,725 in 2010. The majority of the 2011 net loss stems from management fees, consulting fees, accounting and auditing fees and interest expense. Funding of the company came from loans from LD Holdings' principal shareholder.
The Company had a loss for tax purposes in 2011 and 2010. The Company did not recognize a deferred tax asset for tax loss carry forwards as the Company can not determine when, if ever, it will be able to use the tax loss carry forwards.
Liquidity and Capital Resources
The Company had cash of $1,765 as of December 31, 2011.
LD Holdings had a working capital deficit of $3,879,653 at December 31, 2011. Although more than half of the debts that produce the deficit are owed to shareholders.
LD Holdings will require additional capital to remedy its working capital deficit, as well as to implement its business plan. We are currently seeking sources of capital, either from the sale of our securities or incurring of debt. Without additional capital, LD Holdings will have to curtail its operations, and it will not be able to implement its business plan. LD Holdings does not have any arrangements with investment banking firms or institutional lenders, but is relying on the experience of its Chairman to establish relationships with sources of capital. In the event that additional funding is not procured, possible outcomes to LD Holdings lack of liquidity include voluntary or involuntary bankruptcy filing, or voluntary liquidation of the company.
Application of Critical Accounting Policies
In preparing our financial statements we are required to formulate working policies regarding valuation of our assets and liabilities and to develop estimates of those values. In our preparation of the financial statements for 2011, there was one estimate made which was (a) subject to a high degree of uncertainty and (b) material to our results. This estimate was our determination, detailed in the Footnotes to the Financial Statements on Income Taxes, that we should record a valuation allowance for the full value of the deferred tax asset created by our net operating loss carry forward. The primary reason for the determination was our lack of certainty as to whether LDHL will carry on profitable operations in the future.
We made no material changes to our critical accounting policies in connection with the preparation of financial statements for 2011.
Impact of Accounting Pronouncements
There were no recent accounting pronouncements that have had or are likely to have a material effect on the Company's financial position or results of operations.
We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition or results of operations.
Item 8. Financial Statements and Supplementary Data
The financial statements of the Company, together with notes and the Report of Independent Certified Public Accountants, are set forth immediately following Item 14 of this Form 10-K.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
There have been no changes or disagreements with the Registered Independent Auditors during the year.
John Ayling, the Chief Executive Officer/Chief Accounting Officer of the Company has evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act") as of the end of the fiscal year covered by this Annual Report on Form 10-K. Based on that evaluation, the Chief Executive Officer/Chief Accounting Officer of the Company has concluded that the Company's disclosure controls and procedures as of the end of the fiscal year covered by this Annual Report on Form 10-K are not effective to provide reasonable assurance the information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission and that the information required to be disclosed in the reports is accumulated and communicated to allow timely decisions regarding required disclosure.
We identified a material weakness as defined in Public Accounting Oversight Board Standard No. 2 in our internal control over financial reporting. Management identified the following material weaknesses in our internal controls as of December 31, 2011 and December 31, 2010:
A material weakness in the Company's internal controls exists in that there is limited segregation of duties with respect to the Company's preparation and review of the Company's financial statements. This material weakness is a result of the Company's limited number of personnel. This material weakness may affect management's ability to effectively review and analyze elements of the financial statement closing process and prepare financial statements in accordance with U.S. GAAP.
This annual report does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by our registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit us to provide only management's report in this annual report.
CHANGES IN INTERNAL CONTROLS.
The Chief Executive Officer/Chief Accounting Officer of the Company has evaluated any change in the Company's internal control over financial reporting (s defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the year covered by this Annual Report on Form 10-K. There was no change in the Company's internal control over financial reporting identified in that evaluation that occurred during the fiscal year covered by this Annual Report on Form 10-K that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting, other than what has been reported above.
RISK FACTOR RELATED TO CONTROLS AND PROCEDURES
The Company has limited segregation of duties with respect to the Company's preparation and review of the Company's financial statements due to the limited number of employees, which is a material weakness in internal controls, and if the Company fails to maintain an effective system of internal controls, it may not be able to accurately report its financial results or prevent fraud. As a result, current and potential stockholders could lose confidence in the Company's financial reporting which could harm the trading price of the Company's stock.
Effective internal controls are necessary for the Company to provide reliable financial reports and prevent fraud. Inferior internal controls could cause investors to lose confidence in the Company's reported financial information, which could have a negative financial effect on the trading price of the company. The Company's Chief Executive Officer/Chief Accounting officer believes the Company's administrative employees are capable of following its disclosure controls and procedures effectively.
The Company has found it necessary to limit its administrative staffing in order to conserve cash, until the Company's level of business activity increases. As a result, there is very limited segregation of duties. The Company intends to remedy this material weakness by hiring additional employees and reallocating duties, including responsibilities for financial reporting, among the employees as soon as there are sufficient resources available. However, until such time, this material weakness will continue to exist. Despite the limited number of administrative employees and limited segregation of duties, the Company believes that its administrative employees are capable of following its disclosure controls and procedures effectively.
There have been no significant changes in the Company's internal controls or in other factors that could significantly affect those controls subsequent to the date on which Mr. Ayling performed his evaluation.
Item 10. Directors and Executive Officers of the Registrant
The persons listed below are the current directors and officers of the Company:
John R. Ayling
CEO and Director (Chairman of the Board)
John R. Ayling -CEO and Chairman of the Board/Chief Accounting Officer. John R. Ayling, 68, has been CEO of the Company since October of 2003. Since 1989 to present, he has served as President of Capital First Management, Inc., a Perrysburg, Ohio money management firm. From 1983 to 1988, he served as a Vice President at Otherwise Securities. From 1969 to 1982, he managed accounts for individuals and institutions with Bell & Beckwith, a Toledo, Ohio financial investment broker. Mr. Ayling is a NASD or FINRA registered representative and holds Series 7, 24 and 63 licenses. From 1966 to 1968, he served as a Captain with the U.S. Army, and served in Vietnam as a company commander with the 23rd Infantry, American Division. Mr. Ayling has helped launch several start-up operations and financed several business enterprises and provided management support and development for all phases of management, with an emphasis on business integration and financial controls.
The Board of Directors has not appointed an Audit Committee of the Board. The Board of Directors has determined that John R. Ayling is qualified to serve as an "audit committee financial expert", as defined in the Regulations of the Securities and Exchange Commission, by reason of his work and educational experience. Mr. Ayling is not an "independent director", as defined in the Regulations of the Securities and Exchange Commission.
The Company has not adopted a written code of ethics applicable to executive officers. The Board of Directors has determined that a code of ethics is not needed at this time until its management staff is grown.
COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT
None of the directors, officers, or beneficial owners of more than 10% of our common stock failed to file on a timely basis reports required during 2011 by Section 16(a) of the Exchange Act.
In both 2011 and 2010, no officer or director received any cash compensation from the Company.
This table itemizes the compensation owed to John Ayling, who served as Chief Executive Officer/Chief Accounting Officer during 2009, 2010 and 2011. Mr. Ayling's compensation was not paid but booked as an expense for the years 2009, 2010 and 2011 and also as a payable. There was no other officer whose salary and bonus for services rendered during the year ended December 31, 2011 exceeded $100,000.
Mgmt Fee
Stock Grant
John Ayling
$ 120,000 0
The following tables set forth certain information regarding the stock options acquired by the Company's Chief Executive Officer during the years ended December 31, 2011 and 2010.
Option Grants in the Last Fiscal Year
Potential realizable
of total
value at assumed
annual rates of
granted to
appreciation of
Expiration for
in fiscal
option term
($/share) Date
5 % 10 %
Aggregated Fiscal Year-End Option Values
Number of securities underlying
Value of unexercised in-the-money
unexercised options at fiscal
options at fiscal year-end ($)
year-end (#) (All exercisable)
(All exercisable)
Item 12. Security Ownership of Certain Beneficial Owners and Management
The following table shows the beneficial shareholdings of the Company's officers and directors and the holders of 5% or more of the Company's outstanding voting securities as of December 31, 2011.
Amount and
Beneficial
of Beneficial Owner(1)
Ownership(2)
of Common
Of Preferred
2,161,847 (3) 15.5 % -
974,156 - 100.0 %
All Officers and Directors As a Group
DABE Inc
1,028,410 (3) 7.4 % -
Capital First Corporation, LLC
Olympic Pools, Inc.
1,133,437 8.1 % -
(1) The address of Mr. Ayling is c/o LD Holdings, Inc., 1070 Commerce Drive, Building II, Suite 303, Perrysburg, OH 43551
(2) All shares are owned of record unless otherwise indicated.
(3) The shares beneficially owned by Mr. Ayling include 974,156 preferred shares owned by Capital First Corporation, LLC, and 1,133,437 shares owned by Olympic Pools, Inc., and 1,028,410 shares owned by DABE, Inc. all of which are owned and managed by Mr. Ayling.
Item 13. Certain Relationships and Related Transactions
Olympic Pools, Inc. (OPI) is a shareholder of the Company. OPI is wholly owned by John Ayling, President and Chairman of the Company. The Company is indebted to OPI for loans made to the Company.
During 2011 and 2010, the Company had demand notes outstanding to DABE, Inc., with interest accruing at a rate of 10% per annum, computed on a 360-day basis. Any and all of these notes are guaranteed by a security interest in all present and hereafter acquired inventory, receivables, equipment, general intangibles, chattel paper, documents and contract rights of the Company as collateral. Mr. Ayling is the sole shareholder of DABE, Inc.
Item 14 Principal Accountant Fees and Services
Audit Fees
Rosenberg Rich Baker Berman & Co. billed $24,500 and $24,000 to the Company for professional services rendered for the audit of our 2011 and 2010 financial statements and review of the financial statements included in our 10-Q filings for the first three quarters of 2011 and 2010.
Audit-Related Fees
Rosenberg Rich Baker Berman & Co. billed $0 to the Company in 2011 and 2010 for assurance and related services that are reasonably related to the performance of the 2011 audit or review of the quarterly financial statements.
Tax Fees
Rosenberg Rich Baker Berman & Co. billed $0 to the Company in 2011 and 2010 for professional services rendered for tax compliance, tax advice and tax planning.
All Other Fees
Rosenberg Rich Baker Berman & Co. billed $0 to the Company in 2011 and 2010 for services not described above.
It is the policy of the Company's Board of Directors that all services other than audit, review or attest services, must be pre-approved by the Board of Directors. All of the services described above were approved by the Board of Directors.
Item 15. Exhibit List and Reports
(a) Financial Statements
(b) Exhibits
Incorporated By
Reference from
No. in
Rule 13a-14(a) Certification
Rule 13a-14(b) Certification
101 INS
XBRL Instance Document*
101 SCH
XBRL Schema Document*
XBRL Calculation Linkbase Document*
XBRL Labels Linkbase Document*
101 PRE
XBRL Presentation Linkbase Document*
101 DEF
XBRL Definition Linkbase Document*
The XBRL related information in Exhibit 101 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section and shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.
A. Registrant's Registration Statement on Form SB-2 (Registration Statement No. 333-53186).
(c) Reports on Form 8-K. None.
/s/ John R. Ayling
John R. Ayling, Chief
Executive Officer/Chief Accounting Officer
In accordance with Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
LD HOLDINGS, INC.
By: /S/ John R. Ayling
Name: John R. Ayling
Title: Chairman and CEO/Chief Accounting Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
Chairman & CEO, Director/Chief Accounting Officer
Consolidated Statements of Changes in Stockholders' Equity
To the Board of Directors and Stockholders of LD Holdings, Inc.
We have audited the accompanying consolidated balance sheets of LD Holdings, Inc. as of December 31, 2011 and 2010 and the related consolidated statements of operations, changes in stockholder's impairment and cash flows for each of the two years in the two-year period ended December 31, 2011. These consolidated financial statements are the responsibility of the Company's Management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards established by the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of LD Holdings, Inc. as of December 31, 2011 and 2010 and the results of its operations, changes in shareholder's impairment and cash flows for each of the two years in the two-year period ended December 31, 2011 in conformity with accounting principles generally accepted in the United States of America.
The accompanying consolidated financial statements have been prepared assuming that LD Holdings, Inc. will continue as a going concern. As more fully described in the notes to the consolidated financial statements, the company has suffered recurring losses from operations and has a working capital deficiency as of December 31, 2011. These conditions raise substantial doubt about its ability to continue as a going concern. Management's plans in regard to these matters are also described in the notes. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.
/s/ Rosenberg Rich Baker Berman & Company
Somerset, New Jersey
Equipment, net of accumulated depreciation
Liabilities and Stockholder's Impairment
Accrued interest payable
Accrued interest payable - related parties
Promissory notes payable
Promissory notes payable - related parties
Stockholders' Impairment
Common stock, par value $0.001; 900,000,000 shares authorized 21,025,061 (2011) and 18,275,061 (2010) shares issued and outstanding, respectively
Preferred stock, par value $0.001; 10,000,000 shares authorized 974,156 shares issued and outstanding
Additional paid in capital
Total Stockholders' Impairment
Total Liabilities and Stockholders' Impairment
The attached notes are an integral part of these consolidated financial statements.
Year Ended December 31,
Net Sales – Consulting, Capital First Management, Inc
Gain from Settlement
Total Other Income (Expense)
Loss per share, basic and diluted
Consolidated Statement of Changes in Stockholders' Impairment
Years Ended December 31, 2011 and 2010
Paid in
Stockholders'
(Deficit)
January 1,
Shares issued
for services
Net loss, 2010
Shares issued for services
Changes in Operating Assets and Liabilities
Accrued interest payable - related party notes
Purchase of equipment and leasehold improvements
Proceeds from notes payable-related party
Net Increase/(Decrease) in Cash
Cash at Beginning of Year
Cash at End of Year
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for:
Nature of Organization
LD Holdings, Inc. (the Company), formerly Leisure Direct, Inc., was formed on January 1, 2000. The Company's corporate offices are located in Perrysburg, Ohio. In October 2010 the Company opened the first of a series of diners it plans to open in the Midwest. It closed its diner in Monroe, Michigan at the end of August, 2011 and opened a new diner in Toledo, Ohio in October, 2011. The diners cater to the baby boomer generation with a family orientation.
The accompanying financial statements included herein have been prepared in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments
The fair values of accounts payable and other short-term obligations approximate their carrying values because of the short-term maturity of these financial instruments.
For the purpose of the statements of cash flows, cash equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less.
Inventories are valued at the lower cost (first-in, first out) or market. At December 31, 2011 and 2010, inventories consisted of food and beverage associated with its restaurant valued at $5,091 and $6,411, respectively.
Amortizable and depreciable assets are reported at original cost less accumulated depreciation or amortization. Amortization and depreciation is provided for in amounts sufficient to relate the cost of such assets to operations over their service lives by the straight-line method. Leasehold improvements are amortized over the life of the lease. For federal income tax purposes, amortization and depreciation is computed using the accelerated cost recovery system and the modified accelerated cost recovery system. The cost of assets sold or retired and the accumulated amortization or depreciation are removed from the accounts in the year of disposal and any gain or loss is included in operations. Maintenance, repairs, and minor improvements are charged to operations as incurred while betterments which substantially extend service lives are capitalized.
Impairment of Long-lived Assets
The Company evaluates its long-lived assets for impairment when events or changes in the circumstances indicate, in management's judgment, that the carrying value of such assets may not be recoverable. The determination of whether an impairment has occurred is based on management's estimate of undiscounted future cash flows attributable to the assets as compared to the carrying value of the assets. If an impairment has occurred, the Company determines the amount of the impairment by estimating the fair value of the assets and recording a loss for the amount that the carrying value exceeds the estimated fair value. No impairment losses were recognized during the years ended December 31, 2011 and 2010.
Revenue is recognized at the time the service is rendered. Revenue is recognized as income when the goods and service has been sold and rendered.
Advertising Expense
The Company expenses advertising costs as incurred. Advertising expenses for the years ended December 31, 2011 and 2010, were $330 and $2,646, respectively.
The Company accounts for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
The Company adopted authoritative guidance relating to the accounting for uncertainty in income taxes. The impact of an uncertain income tax provision on the income tax return must be recognized at the largest amount that is more likely than not to be sustained upon audit by the relevant taxing authority. An uncertain tax position will not be recognized if it has a less than 50% likelihood of being sustained. There are no unrecognized tax benefits included in the Company's balance sheet at December 31, 2011 and 2010.
The accompanying consolidated financial statements include the accounts of the Company and its majority owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
The Company's Board of Directors adopted the Employee/Consultant Stock Compensation Plan (the "Plan"). The Plan was established to further the growth of the Company by allowing the Company to compensate employees, consultants and other persons who provide bona-fide services to the Company through the award of Common Stock.
We recognize expense for our share-based compensation based on the fair value of the awards at the time they are granted. We estimate the value of stock option awards on the date of grant using the Black-Scholes-Merton option-pricing model (the"Black-Scholes model"). The determination of the fair value of share-based payment awards on the date of grant is affected by our stock price as well as assumptions regarding a number of complex and subjective variables. These variables include our expected stock price volatility over the term of the awards, expected term, risk-free interest rate, expected dividends and expected forfeiture rates. The forfeiture rate is estimated using historical option cancellation information, adjusted for anticipated changes in expected exercise and employment termination behavior. Our outstanding awards do not contain market or performance conditions therefore we have elected to recognize share-based employee compensation expense on a straight-line basis over the requisite service period.
Net Loss Per Share
FASB Accounting Standards Codification ("ASC") 260-10 (Prior authoritative literature: FASB Statement 128, "Earnings Per Share") requires the presentation of basic earnings per share ("basic EPS") and diluted earnings per share ("diluted EPS").
Basic net loss per share attributable to common stockholders is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding during the period, including common stock equivalents, such as conversions, exercise or contingent exercise of securities. There were no common stock equivalents outstanding at December 31, 2011 and 2010.
2. GOING CONCERN
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred a loss of $554,673 and $341,725 during the years ended December 31, 2011 and 2010, respectively. Also, as of December 31, 2011, the Company had $1,765 in cash, and current liabilities exceeded current assets by $3,879,653. These factors all raise substantial doubt about the ability of the Company to continue as a going concern. Due to these conditions, the auditors have issued a going concern note.
Management's plans include raising additional funding from debt and equity transactions that will be used to acquire point of sale outlets that should in turn increase sales. Also, the implementation of strong cost management practices and an increased focus on business development should result in the elimination of the operating losses suffered and improvement of cash flows; however, any results of the Company's plans cannot be assumed. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.
3. PROPERTY AND EQUIPMENT
Equipment & Fixtures
Leasehold Improvements
Less accumulated amortization and depreciation
Depreciation and amortization expense for the years ended December 31, 2011 and 2010 were $4,568 and $474, respectively.
4. RELATED PARTY TRASACTIONS
Notes payable at December 31, 2011 and 2010 consist of the following:
Notes payable – DABE, Inc. – with interest accruing at 10% per annum and due on demand. The notes are guaranteed by a security interest in inventory, receivables, intangibles, chattel paper and contract rights. John Ayling, the CEO Leisure Direct, Inc. is the sole shareholder of DABEt, Inc.
Note payable – Capital First Management, Inc. – secured, and due on demand. The notes are guaranteed by a security interest in inventory, receivables, intangibles, chattel paper and contract rights. John Ayling, the CEO Leisure Direct, Inc. is the sole shareholder of Capital First Management, Inc.
Notes payable – former president. The former president has advanced $290,000 with various notes bearing interest at 12%.
Notes payable – OPI, PCPI; OMC and LD LLC – non-interest bearing and due on demand. John Ayling, the CEO of Leisure Direct, Inc., is the sole member of OPI & PCPI.
5. PROMISSORY NOTES PAYABLE
Notes payable - $100,000 bearing interest at 30% due March 9, 2006. The loan is currently in default.
Notes payable – unsecured bearing interest at 6%. Payment was due March 24, 2008 in full plus unpaid interest. The note is currently in default.
Notes payable – Bank – line of credit of $25,000 bearing interest at prime plus 6 ½%. The loan is currently in default.
Notes payable – Individuals at 10% - 12%. Notes are currently in default.
6. STOCKHOLDERS' IMPAIRMENT
On January 3, 2011 the Company issued 1,250,000 shares, valued at the last closing price prior to issuance, in exchange for current and future rent and management services for Boomer's Diner, Inc.
On July 29, 2011 the Company issued 1,500,000 shares, valued at the last closing price prior to issuance, in exchange for legal, web design and management services.
7. INCOME TAXES
The differences between income tax provisions in the financial statements and the tax expense (benefit) computed at the U.S. Federal Statutory rate are as follows:
Tax provision at the U. S. Federal Statutory rate
Valuation allowance
)%
Effective tax rates
The Company's provision for income taxes differs from applying the statutory U.S. federal income tax rate to income before income taxes. The primary differences result from recognition of net operating loss carry forwards and from deducting goodwill impairment/amortization expense for financial statement purposes but not for federal income tax purposes.
Those amounts have been presented in the Company's financial statements as follows:
Deferred tax asset, non-current
Total valuation allowance recognized for deferred taxes
Net deferred tax asset
The valuation allowance was established to reduce the net deferred tax asset to the amount that will more likely than not be realized. This reduction is necessary due to uncertainty of the Company's ability to utilize the net operating loss and tax credit carry forwards before they expire.
The Company has available net operating loss carry forwards which may be used to reduce Federal and State taxable income and tax liabilities in future years as follows:
8. COMMITMENTS AND CONTINGENCIES
The Company leases its office space from a related party, through common management and ownership, on a month-to-month basis. Rent expense for the years ended December 31, 2011 and 2010 was $30,000 each year.
The Company entered into a sublease agreement with an unrelated Limited Liability Company effective October 18, 2010. The agreement was for a term of three months and month to month thereafter on the rent commencement date at a rate of $5,000 per month exclusive of minimum monthly combined area maintenance charges. Rent expense was $43,634 and $14,415 for the years ended December 31, 2011 and 2010, respectively. This amount has been accrued on the books of the company. The lease and commitment terminated August 31, 2011.
The Company entered into a lease agreement with an unrelated entity in February 2011 with an effective date in April 2011. The agreement was for a term of three years.
Future minimum rental payments under leases are as follows:
Rent expense for the years ended December 31, 2011 and 2010 was $114,100 and $45,500, respectively.
9. LITIGATION
In 2006, a note holder commenced action against the Company for outstanding obligations owed by the Company. In 2009, a consent judgment was awarded to lender against the Company for the sum of $200,000. This amount was included in accrued interest and notes payable as of December 31, 2011 and 2010, with no additional interest to be charged. A settlement was reached for less than the amount that was accrued for interest and in 2010, the Company recorded gain from debt settlement in the amount of $29,287.
10. SUBSEQUENT EVENTS
On February 28, 2012, LD Holdings, Inc. (LDHL), sold 800,000 restricted shares of the Company's common stock in a private transaction for $24,000 ($ .03 a share).

redpajama_set_name: RedPajamaCommonCrawl


This course is designed for people with an interest in the motor industry. This is a mainly practical course making excellent use of the College's well equipped and modern workshop.
The course provides a first step into operation, repair and servicing of motor vehicles. The skills you will learn include how to work safely, in an organised way, how to service the modern vehicle, change lubricants, safely remove and replace brake pads, check the service ability of lights.
The course consists of 6 units, ranging from Health and Safety, Careers in the Motor Industry to Interim Servicing and Other Vehicle Systems.
Alongside the main motor vehicle qualification you will also have the opportunity to improve your Maths and English skills. All of these go towards completing your programme of study.
All applicants should have an interest in the motor industry.


text:
From the opening fuzz-riff of "Devils Haircut" (which Beck yanked from Them) to the unforgettable chant of "two turntables and a microphone" on "Where It's At," Odelay defines a moment in the mid-'90s like few others. Impossibly rich with ideas and invention—a hip-hop groove underpins the countryfied tune "Lord Only Knows"—the album continues to stun. It's also proof that Beck has been a wildly imaginative, peerless talent from day one.
Odelay Beck
Devils Haircut
Hotwax
Lord Only Knows
The New Pollution
Novacane
Jack-Ass
Intro to Where It's At
Where It's At
Sissyneck
High 5 (Rock the Catskills)
Computer Rock
℗ 2004 DGC Records
More By Beck
Modern Guilt
Mellow Gold
Midnite Vultures


text:
Arizona Massage Therapist Requirements
The State of Arizona Massage Therapist Requirements
Throughout the 113,998 square miles of The Grand Canyon State, approximately 9,900 massage therapists work to help the more than 6 million people in their state find relief from pain, rehabilitation from injuries, and comfort in the midst of stress and anxiety.
With 1,445,632 people in Phoenix, 520,116 people in Tucson, and 439,041 people in Mesa, massage therapists who work in Arizona can find an engaged environment to open, continue, or join a massage therapy business.
How Do I Become A Massage Therapist in Arizona?
If you're ready to move into your career as a massage therapist in Arizona, you must register with the Arizona State Board of Massage Therapy. The registration fee is $217. Once you are registered, you must receive licensure by the Board. If you do not register, you will be working illegally and can receive a fine.
In order to receive this license, you must complete a minimum of 700 hours from an approved massage therapy program certified by the Board.
You can find application request forms on their website.
The Arizona State Board of Massage Therapy provides a list of approved schools where future LMTs can complete their 700 required hours.
Tempe and Phoenix are the most popular choices for schools in Arizona, with two leading schools in this area: Southwest Institute of Healing Arts and Arizona School of Massage Therapy.
Southwest Institute of Healing Arts: Located in the Phoenix metropolitan area, this school provides students with flexibility and choice. Students who complete one of the two programs offered at SWIHA will be eligible to apply for licensure and will receive life-long job placement assistance, entrepreneurial and career coaching, resume assistance and full licensing support.
Arizona School of Massage Therapy: Training massage therapists for more than 30 years, students at this school perform more than 200,000 massages per year in the weekend clinic. Accredited by the ACCET, graduates work with top industry employers and continue to receive career assistance.
Other education options include American Western College in Yuma, and Arizona School of Integrative Studies in Clarkdale.
How Much Will I Earn?
The average annual wage of a massage therapist in Arizona was $42,310 in 2014. This is on the higher side of state earnings, with the average national salary at $41,790. Massage therapists who work in Prescott have the opportunity to earn a higher salary, with the average for this city at $57,130 annually.


text:
Which? responds to Transport Select Committee report on timetable changes
Alex Hayman, Which? Managing Director of Public Markets, said:
"The report provides yet more evidence that no-one took responsibility for fixing the timetable mess and that blame for the appalling delays, cancellations and lack of information endured by passengers goes right to the top.
"It's vital that the rail review leads to improvements that put passengers first – ensuring train services are reliable and offer value for money and that there is tough oversight of train companies and those responsible for timetabling and infrastructure.
"After less than a fifth of passengers affected by the recent timetable chaos said they were told about their right to claim for disruption to their journey, the committee rightly backs our long-standing calls for automatic compensation to be urgently introduced across the board."
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LONDON (Reuters) - A former British police chief constable accused of lying over his role in the 1989 Hillsborough football stadium crush that killed 96 fans will no longer face charges after a review of evidence, prosecutors said on Tuesday.
Norman Bettison had been charged with four offences of misconduct in public office related to statements he made in the aftermath of the disaster and about the culpability of fans which prosecutors believed were untrue.
The victims, all Liverpool supporters, died in an overcrowded, fenced-in enclosure at the Hillsborough stadium in Sheffield, northern England, during an FA Cup semi-final between Liverpool and Nottingham Forest.
Police at first blamed the tragedy on drunken fans, an explanation that was always rejected by survivors, relatives of the victims and the wider Liverpool community. Families spent decades campaigning for justice for the 96.
Prosecutors announced last year that they would bring criminal charges against six people including Bettison and other former police chiefs over the deaths and an alleged subsequent cover-up by police of their own mistakes.
The Crown Prosecution Service said on Tuesday they had discontinued the case against Bettison however following a number of developments. "These include changes in the evidence of two witnesses and the death of a third witness," it said.
As a result there was no longer a realistic prospect of conviction.
"I appreciate this news will be disappointing for the families and the CPS will meet with them in person to explain the decision," it added.
The families of those who died at Hillsborough said they were bitterly disappointed with the decision.
Speaking outside court where the charges were dropped, Steve Kelly, whose brother Michael died in the disaster, said: "I'm absolutely devastated. I feel as if I've been beaten up this morning."
The main campaign group said it would be exercising its right to an independent review.
In a brief statement outside court, Bettison said his role around Hillsborough had been misrepresented.
"I've been forced to deny strenuously that I have done anything wrong in the aftermath of the disaster and today's outcome vindicates that position," he said.
Charges remain in place against other officers including former police chief superintendent David Duckenfield who was in charge of police operations at Hillsborough on the fateful day. He was charged with manslaughter by gross negligence.


text:
Lesotho government hangs by a thread
Sipho Masondo 2019-03-04 11:31
Lesotho's army chief shot dead by rival soldiers: official
SADC calls on Ramaphosa to 'consult widely' for Lesotho peace
Strife within Lesotho's largest political party, the All Basotho Convention (ABC), is slowly tilting the country's already shaky coalition government off a cliff, barely two years after it assumed office.
Fearing a possible ousting through a no-confidence vote, on Friday Prime Minister Tom Thabane opened Parliament – but there was no sitting. Instead, his ABC MPs forced Thabane to agree to host a meeting to discuss urgent ructions threatening to collapse the coalition government.
While discord has been fomenting for some time in the ABC, matters came to a head early last month when the party's national executive committee (NEC) – voted out at an elective congress – refused to hand over power.
Ironically, the answers to Lesotho's problems could lie in the June 2015 assassination, by his colleagues, of former army general Maaparankoe Mahao – Nqosa Mahao's brother.
NEC positions which were up for grabs during the party's election in Maseru earlier last month include those of deputy president, chairperson, secretary-general, treasurer, spokesperson and their deputies.
The deputy president position was won by the popular Professor Nqosa Mahao, who won the contested position against Thabane's wishes.
Mahao is also vice-chancellor of the National University of Lesotho. His victory places him in pole position for higher office should the ABC continue its current trend in the country's next election in 2022. Thabane has reportedly described Mahao as a "useless rag".
The old NEC then rushed to the high court, seeking the nullification of the election, which they argued should be rerun in three months.
Two weeks ago, Thabane axed his law and constitutional affairs minister Lebohang Hlaele and social development minister Matebatso Doti from his Cabinet. Hlaele, who is married to one of Thabane's daughters, had contested the ABC's coveted secretary-general position during the congress, and won by a landslide. Doti had successfully contested the position of deputy spokesperson.
Prime Minister Tom Thabane Picture: Johan Hattingh
This week, local media in Maseru reported that Thabane axed Doti and Hlaele because of their open support for Mahao.
Fault lines in the ABC emerged early last year when Thabane fired a number of senior ABC members from his Cabinet, including tourism, culture and environment minister Motlohi Maliehe.
In May last year, Maliehe, who was the ABC's chairperson at the time, launched a public onslaught on Thabane, accusing him of destroying the party by allowing his wife, Maesaiah, to interfere with the running of government by ordering ministers around. Thabane did not deny the charge.
A recent video, which was widely circulated on social media, showed Maesaiah summoning senior government officials to an impromptu meeting after her car hit a pothole. She scolded them in front of TV cameras while Thabane looked on quietly.
Early this week, more than 30 ABC MPs signed a petition to pressurise Thabane to allow the newly elected NEC to assume office. Among other things, they argued that should the situation be allowed to escalate further, it could collapse the fragile coalition government.
During the 2017 election, the ABC won 50 seats in Parliament, which fell short of the 61 seats necessary for a party to form a government without a coalition in the 120-seat Parliament. This forced Thabane to form a coalition with the Alliance of Democrats (AD – nine seats), the Basotho National Party (BNP – five seats) and the Reformed Congress of Lesotho (one seat) to give it an overall majority.
Statistics from Lesotho's Independent Electoral Commission show that out of the 29 parties registered in 2017, only 12 are represented in Parliament. Out of the 1.2 million registered voters, only 581 692 showed up at the polls.
The result of the 2017 general election – Lesotho's third in five years – led to Thabane's four-party coalition government, which replaced former prime minister Pakalitha Mosisili's seven-party coalition.
Mosisili's government descended into chaos and crashed after he lost a no-confidence motion in Parliament in March 2017.
It is this fate that Thabane is now trying to avoid.
Lesotho has been plagued by a slew of coalition governments since 2012. Sources close to power in Maseru told City Press that the three elections held since 2012 have cost Lesotho, a country of fewer than 2 million people, more than R1 billion.
With new coalition governments, permanent secretaries (known as directors-general in South Africa) are reshuffled too, as are senior managers in government and state-owned companies. Institutional memory is lost, and policy uncertainty reigns.
A businessman close to the ruling elite in Maseru said Lesotho had had three health ministers since the 2017 election. "It is the same in the public service ministry. Tourism is declining and investments are drying up."
The three coups Lesotho has experienced since 1970 mean that the Southern African Development Community (SADC) has kept a close eye on the country, working to defuse the highly charged political situation.
Following his murder, then prime minister Mosisili asked the SADC to help the country investigate Mahao's death, and it appointed a Botswana High Court judge, Justice Mpaphi Phumaphi, to lead a 10-person commission. In the end, Phumaphi recommended a raft of constitutional, legislative, security and civil service reforms aimed at helping Lesotho to get back on the straight and narrow.
But these reforms have yet to be implemented.
tom thabane


text:
Patent Alerts – Feb 2000
Patent Alerts - Feb 2000
Foodstuff containing a nutritional lipid composition
Author: Societe des Produits Nestle SA (Bracco U., Coiffier E.)
Patent Type: European Patent Application 0 937 408 Fr:fr Filing date: 20.8.93 See published patent document for Designated Contracting States. (saan: 510228)
Abstract: The invention relates to foodstuffs whose fats have been partially replaced with a nutritional lipid composition. The composition is based on a combination of oils that is designed to provide a physiologically optimum balance between all the lipid groups that supply essential fatty acids. The composition contains specified quantities of saturated, monounsaturated and polyunsaturated fatty acids and a specified ratio of n-6 to n-3 fatty acids. Applications include salad dressings, mayonnaise, dairy products, ice cream and bakery products.
Chewing gum and gum bases with reduced adhesion to environmental surfaces
Author: Wm Wrigley Jr Co. (Bunczek M.T.)
Patent Type: United States Patent 5 945 143 En:en Filing date: 23.12.97 (saan: 510036)
Abstract: A chewing gum and gum base with reduced adhesion to environmental surfaces such as concrete, brick, wood and fabrics are described. The gum base includes an alkyl substituted polydimethylsiloxane.
Radio-frequency identification device and method of use
Author: Meat Processing Service Corp. Inc. (Lawler C.E., Parry R.L.)
Patent Type: United States Patent 5 964 656 En:en Filing date: 19.5.98 (saan: 511604)
Abstract: A system and RF identification device (RFID) are described for use in processing animal carcasses. Each shackle on an assembly line has a machine-readable RFID tag that includes a unique shackle number. After stunning, the animal is conveyed to a weighing station equipped with an RFID tag reader that weighs the animal and transmits these data to a computer database. The animal is bled and the carcass is moved to a rinsing station at which another RFID tag reader reads the shackle number. The system calculates the amount of rinsing solution required for that animal according to its weight. The RFID tag is completely enclosed in a novel protective resin moulding. RFID is more reliable than bar codes or vision systems in the hostile environment of meat-processing factories.
Method for improving the texture of tomato paste products
Author: Kraft Foods Inc. (Gallaher D.M., Gallaher K.L., Gallaher D.E.)
Abstract: A process is described for high-pressure homogenization of tomato-based products such as tomato ketchup or sauce. Homogenization is performed under conditions of high shear, increasing the viscosity without significantly affecting colour or texture. The starting material (tomato paste, puree, juice, or mixture of tomato solids) may be mixed with vinegar or a food-grade acid such as acetic acid if required. The product may have a reduced content of tomato solids but has similar viscosity and physical properties to those of tomato products with a significantly higher solids content.
Procedure for preserving peeled and chopped fruit in impermeable containers as well as containers and preservative products used therefore
Author: Quisqueya SL (Belloso O.M., Pifarre A.M., Caldero M.S.)
Patent Type: European Patent Application 0 937 406 En:en Priority data: (Spain) (24.2.98) Filing date: 19.2.99 See published patent document for Designated Contracting States. (saan: 510538)
Abstract: A method for extending the shelf-life of peeled and chopped fruit, especially apples, for up to 25 days is disclosed. The fruit is treated with a mixture of ascorbic acid (and/or derivative) as an antioxidant and a calcium salt as a firming agent, and is placed in a modified atmosphere in an impermeable container.
Cooked, acidified pasta
Author: Societe des Produits Nestle SA (Meyer P.P., Scoville E., Jaelminger G.)
Patent Type: European Patent Application 0 947 143 En:en Priority data: (European Patent Office) (29.3.98) Filing date: 6.10.98 See published patent document for Designated Contracting States. (saan: 511040)
Abstract: A full-moisture shelf-stable pasta is described that has a pH in the range 3.7-4.5. The cooked or precooked pasta has a dry matter content of 30-45%, and contains a food-grade acid and an oil. It is manufactured by preparing a pasta dough with 60-75% dry matter content, extruding the dough, and cutting the extruded pasta. This is portioned, blanched, cooled in water, dipped into acidified water, oiled, packaged, and pasteurized in the pack. The product is intended to be consumed after a very short reheating period, e.g. by pouring boiling water over it. It is said to have good sensory quality, and has a long shelf-life.
Details of reports from Leatherhead Food RA click here
Success Case Study: Sapporo Chu-Hi 99.99
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Next-Generation Eggs - ForeSights
Kraft Foods Limited


text:
_Regionalliga Master
Brutto-Zeit
1 22 202 Dirk-Oliver Beyer TuS Neukölln Berlin AK 45 1970 7 00:06:07.5 00:17:51.2 00:09:46.1 00:33:44.8 00:00:00.0 02:17:40.6
2 25 211 Christian Eisenreich BSV Friesen Berlin I AK 45 1972 8 00:06:50.3 00:18:07.8 00:09:06.4 00:34:04.5 . 02:26:08.5
3 1 206 Steffen Rada A3K Berlin AK 45 1969 1 00:06:10.3 00:17:54.9 00:10:03.1 00:34:08.3 . 00:34:09.3
4 23 208 Jörg Plenzke A3K Berlin AK 50 1965 4 00:06:38.0 00:18:23.6 00:09:10.9 00:34:12.5 00:00:03.2 02:20:10.1
5 15 201 René Landgraf TuS Neukölln Berlin AK 50 1963 2 00:06:47.4 00:17:53.9 00:09:42.6 00:34:23.9 00:00:14.6 01:43:49.5
6 2 200 Ryuichiro (Louis) Iijima TuS Neukölln Berlin AK 40 1974 1 00:06:45.2 00:18:20.0 00:09:26.8 00:34:32.0 00:00:22.7 00:34:33.0
7 3 231 Ralf Ronneburger SV Handwerk Leipzig AK 40 1975 2 00:07:16.2 00:17:57.8 00:09:22.7 00:34:36.7 00:00:27.4 00:34:37.7
8 8 204 Jörg Kaiser TuS Neukölln Berlin AK 45 1971 4 00:06:23.2 00:18:13.6 00:10:03.2 00:34:40.0 00:00:30.7 01:09:19.3
9 19 226 Sascha Krause BSV Friesen Berlin II AK 45 1971 5 00:06:27.7 00:19:04.1 00:09:53.5 00:35:25.3 00:01:16.0 01:50:31.6
10 9 205 Michael Postel A3K Berlin AK 40 1973 5 00:06:21.4 00:18:40.6 00:10:34.5 00:35:36.5 00:01:27.2 01:09:53.1
11 4 225 Thomas Eisenreich BSV Friesen Berlin II AK 45 1970 2 00:06:25.4 00:18:40.6 00:10:42.3 00:35:48.3 00:01:39.0 00:35:49.3
12 5 220 Ingmar Lange Fusselschreck TFDG Limbach-Oberfrohna AK 40 1977 3 00:07:13.4 00:17:53.8 00:10:42.8 00:35:50.0 00:01:40.7 00:35:51.0
13 16 207 Holger Dembowski A3K Berlin AK 50 1967 3 00:07:39.3 00:18:23.8 00:09:48.1 00:35:51.2 00:01:41.9 01:45:51.2
14 17 230 Michael Gentsch SV Handwerk Leipzig AK 40 1976 9 00:07:23.7 00:19:03.1 00:09:39.1 00:36:05.9 00:01:56.6 01:47:14.1
15 11 216 Jens Samel WBG Union Triathlon Team Gera AK 50 1965 1 00:06:33.9 00:18:51.5 00:10:47.0 00:36:12.4 00:02:03.1 01:12:55.6
16 10 232 Mike Riedel SV Handwerk Leipzig AK 40 1973 6 00:06:17.7 00:20:04.1 00:09:56.5 00:36:18.3 00:02:09.0 01:11:01.9
17 18 218 Andre Fillsack WBG Union Triathlon Team Gera AK 40 1974 10 00:06:37.1 00:19:04.1 00:10:37.8 00:36:19.0 00:02:09.7 01:49:21.1
18 6 210 Felix Kruse BSV Friesen Berlin I AK 40 1973 4 00:06:15.5 00:18:52.5 00:11:11.5 00:36:19.5 00:02:10.2 00:36:20.5
19 7 215 Sandor Koepp WBG Union Triathlon Team Gera AK 45 1970 3 00:06:44.4 00:18:30.3 00:11:20.1 00:36:34.8 00:02:25.5 00:36:35.8
20 21 222 Christian Uhlig Fusselschreck TFDG Limbach-Oberfrohna AK 45 1972 6 00:07:39.5 00:16:44.1 00:12:33.2 00:36:56.8 00:02:47.5 01:52:10.4
21 12 213 Heiner Göring BSV Friesen Berlin I AK 55 1958 1 00:06:41.4 00:19:27.3 00:10:49.9 00:36:58.6 00:02:49.3 01:13:26.3
22 24 233 Stefan Fuchs SV Handwerk Leipzig AK 50 1965 5 00:06:14.4 00:20:57.6 00:10:45.3 00:37:57.3 00:03:48.0 02:25:17.7
23 27 223 René Hübner Fusselschreck TFDG Limbach-Oberfrohna AK 40 1975 13 00:08:37.0 00:18:31.5 00:10:59.6 00:38:08.1 00:03:58.8 02:30:25.1
24 20 212 Dirk Finger BSV Friesen Berlin I AK 40 1974 11 00:06:36.4 00:19:19.9 00:12:27.7 00:38:24.0 00:04:14.7 01:51:57.6
25 26 217 Stefan Kneisel WBG Union Triathlon Team Gera AK 40 1976 12 00:09:07.2 00:19:20.2 00:10:09.7 00:38:37.1 00:04:27.8 02:28:05.4
26 13 227 Markus Reinert BSV Friesen Berlin II AK 40 1973 7 00:07:16.2 00:20:05.9 00:11:40.1 00:39:02.2 00:04:52.9 01:14:59.1
27 14 221 Carsten Stibenz Fusselschreck TFDG Limbach-Oberfrohna AK 40 1975 8 00:07:42.3 00:19:25.7 00:11:59.4 00:39:07.4 00:04:58.1 01:15:06.0
28 28 228 Christoph Göller BSV Friesen Berlin II AK 40 1975 14 00:08:44.1 00:21:13.4 00:11:53.9 00:41:51.4 00:07:42.1 02:32:30.4


My old warhorse the 900i 1988 finaly gave up at 430 000 kilometers. Well, actually the engine is still good but the gearbox started to whine. So I decided to sell it off for spares and buy a new daily driver.
So after juggling a bit between an Audi A6 and a Saab 9-3 I went and bought a 2001 Saab 9-3t. Let's hope it turns out to be as problem free as the 900 was!