Attached files
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| EX-32.1 - CERTIFICATION - CONCEPT DIGITAL INC /DE/ | f10q0907ex32i_conceptdig.htm |
| EX-31.1 - CERTIFICATION - CONCEPT DIGITAL INC /DE/ | f10q0907ex31i_conceptdig.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________
FORM 1O-Q
_________________
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x
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE
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QUARTERLY PERIOD ENDED September 30, 2007
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o
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the Transition Period From ________ to _______
Commission File No. 0-32029
_________________
CONCEPT DIGITAL, INC.
(Exact name of registrant as specified in its charter)
_________________
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Delaware
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22-3608370
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(State or Other Jurisdiction of Incorporation or Organization)
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(IRS Employer Identification No.)
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298 Fifth Avenue
New York, NY 10001
(Address of Principal Executive Offices)
(212) 564-1600
(Issuer’s Telephone Number, Including Area Code)
Check whether the Issuer (1) filed all reports required to be filed by Section 13 or l5( 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 the past 90 days. Yes ¨ No x
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes o No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company filer. See definition of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Exchange Act (Check one):
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Large Accelerated Filer o
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Accelerated Filer o
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Non-Accelerated Filer o
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Smaller Reporting Company x
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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 number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 41,263,381 shares of common stock were outstanding as of October 21, 2010.
CONCEPT DIGITAL, INC.
FORM 10Q
FOR THE QUARTERLY PERIOD ENDING SEPTEMBER 30, 2007
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PART I
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FINANCIAL INFORMATION
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F-1
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Item 1.
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Consolidated Financial Statements (Unaudited)
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F-2 |
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Consolidated Balance Sheet (Unaudited)
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F-4 | |
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Consolidated Statements of Operations (Unaudited)
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F-5 | |
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Consolidated Statements of Cash Flows (Unaudited)
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F-6 | |
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Notes to Unaudited Consolidated Financial Statements
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F-7 | |
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Item 2.
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Management’s Discussion and Analysis and Results of Operations
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1
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Item 3.
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Quantitative and Qualitative Disclosures
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3
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Item 4.
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Controls and Procedures
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3
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Part II
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OTHER INFORMATION
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Item 1.
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Legal Proceedings
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4
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Item 1A.
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Risk Factors
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4
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Item 2.
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Unregistered Sales of Equity Securities and Use of Proceeds
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4
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Item 3.
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Defaults Upon Senior Securities
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4
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Item 4.
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(Removed & Reserved)
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4
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Item 5.
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Other Information
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4
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Item 6.
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Exhibits
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4
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Signatures
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5
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PART I - FINANCIAL INFORMATION
Forward-Looking Statements
This Form 10-Q contains “forward-looking statements” relating to Concept Digital, Inc. (the “Company”), which represent the Company’s current expectations or beliefs including, but not limited to, statements concerning the Company’s operations, performance, financial condition and growth. For this purpose, any statements contained in this Form 10-Q that are not statements of historical fact are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “anticipation”, “intend”, “could”, “estimate”, or “continue” or the negative or other comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, such as losses, dependence on management, variability of quarterly results, and the ability of the Company to develop a growth strategy and compete with other companies in its industry, certain of which are beyond the Company’s control. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual outcomes and results could differ materially from those indicated in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Item 1. Financial Statements:
BASIS OF PRESENTATION
The accompanying unaudited financial statements are presented in accordance with US generally accepted accounting principles for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying statements should be read in conjunction with the audited financial statements for the year ended December 31, 2006. In the opinion of management, all adjustments (consisting only of normal occurring accruals) considered necessary in order to make the financial statements not misleading, have been included. Operating results for the nine months ended September 30, 2007 are not necessarily indicative of results that may be expected for the year ending December 31, 2007. The financial statements are presented on the accrual basis.
FINANCIAL STATEMENTS AND EXHIBITS.
For the information required by this Item, refer to the Index to Financial Statements appearing on page F-1 of the registration statement.
F-1
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
CONSOLIDATED FINANCIAL STATEMENTS
AS OF SEPTEMBER 30, 2007 AND DECEMBER 31, 2006
AND FOR THE NINE MONTHS ENDED SEPTEMBER 30,
2007 AND 2006 AND FOR THE PERIOD JANUARY 1, 2004
(COMMENCEMENT OF DEVELOPMENT STAGE) TO
SEPTEMBER 30, 2007
F-2
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
TABLE OF CONTENTS
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Page(s)
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| Consolidated balance sheets | F-4 |
| Consolidated statements of operations | F-5 |
| Consolidated statements of cash flows | F-6 |
| Notes to consolidated financial statements | F-7 |
F-3
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Balance Sheets
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(Unaudited)
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September 30,
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December 31,
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2007
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2006
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ASSETS
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CURRENT ASSETS:
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Cash
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$ | 1,502 | $ | 2,661 | ||||
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Prepaid expenses
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32,053 | 44,525 | ||||||
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Total current assets
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33,555 | 47,186 | ||||||
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TOTAL ASSETS
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$ | 33,555 | $ | 47,186 | ||||
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LIABILITIES AND STOCKHOLDERS’ DEFICIT
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CURRENT LIABILITIES:
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Accounts payable and accrued expenses
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$ | 139,509 | $ | 177,542 | ||||
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Notes payable – related party
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598,586 | 493,186 | ||||||
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Total current liabilities
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738,095 | 670,728 | ||||||
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STOCKHOLDERS’ DEFICIT:
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Common stock, par value $.0001 per shares;
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50,000,000 shares authorized; 41,263,381 and
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39,683,381shares issued and outstanding as of
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September 30, 2007 and December 31, 2006,
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respectively
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4,126 | 3,968 | ||||||
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Additional paid-in capital
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1,488,060 | 1,488,060 | ||||||
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Deficit accumulated during the development stage
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(2,196,726 | ) | (2,115,570 | ) | ||||
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Total stockholders’ deficit
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(704,540 | ) | (623,542 | ) | ||||
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TOTAL LIABILITIES AND
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STOCKHOLDERS’ DEFICIT
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$ | 33,555 | $ | 47,186 | ||||
The accompanying notes are an integral part of these consolidated financial statements.
F-4
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Operations
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(Unaudited)
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For the Period
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(Unaudited)
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(Unaudited)
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January 1, 2004
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Nine Months Ended
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Three Months Ended
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(commencement of
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September 30,
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September 30,
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development stage) to
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2007
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2006
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2007
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2006
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September 30, 2007
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Development stage revenues
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$ | 0 | $ | 748 | $ | 0 | $ | 0 | $ | 5,917 | ||||||||||
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Cost of services
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0 | 15 | 0 | 0 | 1,504 | |||||||||||||||
| 0 | 733 | 0 | 0 | 4,413 | ||||||||||||||||
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Development stage expenses
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Accounting
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50,395 | 47,254 | 11,461 | 32,140 | 159,564 | |||||||||||||||
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Legal
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5,859 | 10,417 | 238 | 5,417 | 15,214 | |||||||||||||||
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Management fee
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0 | 14,500 | 0 | 10,000 | 32,500 | |||||||||||||||
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Office
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737 | 1,427 | 101 | 741 | 8,081 | |||||||||||||||
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Transfer agent fees
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1,665 | 1,604 | 415 | 1,154 | 6,446 | |||||||||||||||
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TOTAL DEVELOPMENT STAGE EXPENSES
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58,656 | 75,202 | 12,215 | 49,452 | 221,805 | |||||||||||||||
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Income (loss) from operations
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(58,656 | ) | (74,469 | ) | (12,215 | ) | (49,452 | ) | (217,392 | ) | ||||||||||
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Corporate taxes
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(342 | ) | (341 | ) | (114 | ) | (114 | ) | (1,833 | ) | ||||||||||
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Interest expense
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(22,158 | ) | (13,718 | ) | (9,458 | ) | (5,580 | ) | (69,093 | ) | ||||||||||
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NET LOSS
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$ | (81,156 | ) | $ | (88,528 | ) | $ | (21,787 | ) | $ | (55,146 | ) | $ | (288,318 | ) | |||||
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NET LOSS PER COMMON SHARE
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Basic and dilutes
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$ | (0.002 | ) | $ | (0.002 | ) | $ | (0.001 | ) | $ | (0.001 | ) | ||||||||
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Weighted-average number of common
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shares outstanding
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40,238,985 | 39,683,381 | 41,263,381 | 39,683,381 | ||||||||||||||||
The accompanying notes are an integral part of these consolidated financial statements.
F-5
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A Development Stage Company)
Consolidated Statements of Cash Flows
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(Unaudited)
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For the Period
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(Unaudited)
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January 1, 2004
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Nine Months Ended
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(commencement of
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September 30,
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development stage)
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2007
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2006
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September 30, 2007
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OPERATING ACTIVITIES:
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Net loss
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$ | (81,156 | ) | $ | (88,528 | ) | $ | (288,318 | ) | |||
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Adjustments to reconcile net loss to net cash
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provided by (used in) operating activities:
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Changes in assets and liabilities:
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Decrease in accounts receivable
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- related parties
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0 | 0 | 14,028 | |||||||||
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Decrease (increase) in prepaid expenses
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12,472 | (42,176 | ) | (29,504 | ) | |||||||
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Increase in accounts payable
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(38,133 | ) | 4,044 | (56,133 | ) | |||||||
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(Decrease) increase in accounts payable
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- related parties
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0 | (38,567 | ) | 75,243 | ||||||||
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Net cash (used in) operating activities
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(106,817 | ) | (165,227 | ) | (284,684 | ) | ||||||
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FINANCING ACTIVITIES:
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Proceeds from the issuance of common stock
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158 | 0 | 158 | |||||||||
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Payments on loans payable – related party
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(277,500 | ) | (110,000 | ) | (387,500 | ) | ||||||
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Proceeds from loans payable – related party
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383,000 | 290,000 | 673,000 | |||||||||
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Net cash provided by financing activities
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105,658 | 180,000 | 285,658 | |||||||||
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Increase in cash
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(1,159 | ) | 14,773 | 974 | ||||||||
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Cash at beginning of period
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2,661 | 1,683 | 528 | |||||||||
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Cash at end of period
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$ | 1,502 | $ | 16,456 | $ | 1,502 | ||||||
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Supplemental cash flow information:
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Interest paid
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$ | 1,795 | $ | 44,715 | $ | 46,510 | ||||||
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Income taxes paid
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$ | 0 | $ | 0 | $ | 126 | ||||||
The accompanying notes are an integral part of these consolidated financial statements.
F-6
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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1.
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ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
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Interim Financial Information - The unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments) which are, in the opinion of management, necessary to fairly present the operating results for the respective periods. Certain information and footnote disclosures normally presented in annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations. The condensed consolidated financial statements should be read in conjunction with the description of business and management’s plan of operations, contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2006. The results of operations for the nine months September 30, 2007 are not necessarily indicative of the results that may be expected for the year ending December 31, 2007, or for any future period. In the opinion of management, the accompanying consolidated financial statements of Concept Digital Inc., contains all adjustments necessary to present fairly the Company’s financial position as of September 30, 2007 and December 31, 2006, the statements of operations and cash flows for the nine months ended September 30, 2007 and September 30, 2006.
The accounting policies followed by the Company are set forth in Note 3 to the Company’s financial statements included in its Annual Report on Form 10-K for the year ended December 31, 2006.
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2.
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RELATED PARTIES
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The loan payable of $16,953 which bears interest at 6% per annum is due to Atlas Equity Group, Inc., an entity related to the Company through common ownership. The note matured in May 2002 and is convertible into 730,468 shares of common stock at the discretion of the Company. As of May 7, 2002 the loan was in default. The payee has allowed the loan to continue as a demand loan accruing interest at 6% per annum. At September 30, 2007 the entire balance of the note was outstanding.
The loan payable of $290,000 which bears interest at 7% per annum is due to Cool Mobile LLC, an entity related to the Company through common ownership. The note is due 90 days after demand by the holder. At September 30, 2007, there was $12,500 in principle outstanding on the note.
F-7
CONCEPT DIGITAL, INC. AND SUBSIDIARY
(A DEVELOPMENT STAGE COMPANY)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The loan payable of $383,000 which bears interest at 8.5%, per annum is due to Elliot Sasho, an individual who is a shareholder of the Company. The note is due and payable within two years. In addition, Elliot Sasho and Jack Mosseri received 795,000 additional shares of stock for consideration in making the loan. As of September 30 2007, the balance on the loan is $383,000.
In June 2007, The Company 795,000 shares of its common stock for director services rendered. The shares were valued at $79, the value of the most recent sale of its common stock, and was expensed as incurred.
The remaining loan payable to an entity related through common ownership totaling $186,133 is a result of the transfer of cash collected on unearned warranty fees, which were assigned to the related party which is fulfilling the warranty obligations.
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3.
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DEVELOPMENT STAGE OPERATIONS AND GOING CONCERN MATTERS
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The Company’s activities have been devoted to developing a business plan, and raising capital for future operations and administrative functions. The ability of the Company to achieve its business objectives is contingent upon its success in raising additional capital until adequate revenues are realized from operations.
The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the financial statements, losses since inception to September 30, 2007 aggregated $(2,196,726). The Company’s cash flow requirements during this period have been met by contributions of capital and debt financing. No assurance can be given that these sources of financing will continue to be available. If the Company is unable to generate profits, or unable to obtain additional funds for its working capital needs, it may have to cease operations.
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The financial statements do not include any adjustments relating to the recoverability and classification of assets or liabilities that might be necessary should the Company be unable to continue as a going concern.
F-8
Item 2. Management’s Discussion and Analysis
The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. The discussion should be read along with our consolidated financial statements and notes thereto. Concept Digital Inc. is a development – stage company. Because the Company has not generated any revenue, it intends to report its plan of operation below.
The following discussion and analysis contains forward-looking statements, which involve risks and uncertainties. The Company’s actual results may differ significantly from the results, expectations and plans discussed in these forward-looking statements.
The Company’s operations have been devoted primarily to developing a business plan and raising capital for future operations and administrative functions. The Company intends to grow through internal development, strategic alliances, and acquisitions of existing businesses. Because of uncertainties surrounding its development, the Company anticipates incurring development stage losses in the foreseeable future. The ability of the Company to achieve its business objectives is contingent upon its success in raising additional capital until adequate revenues are realized from operations.
The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As reflected in the consolidated financial statements, losses from inception through September 30, 2007 aggregated ($2,196,726) and raise substantial doubt about the Company’s ability to continue as a going concern. The Company’s cash flow requirements during this period have been met by contributions of capital and debt financing, primarily from related parties. The Company anticipates that financing will be required until such time that the Company has been able to develop its own business or find an appropriate merger candidate. Currently, the Company can not determine when either will occur and as such the Company will need to obtain financing to cover its costs for the foreseeable future. No assurance can be given that these sources of financing will continue to be available. If the Company is unable to generate profits, or unable to obtain additional funds for its working capital needs, it may have to cease operations.
THE NINE MONTHS ENDED SEPTEMBER 30, 2007 AND SEPTEMBER 30, 2006
Development stage loss during the nine months ended September 30, 2007 was ($81,156) as compared to development stage loss during the nine months ended September 30, 2006 of ($88,528).
1
Expenses for the nine months ended September 30, 2007 were interest expense ($22,158), legal services ($5,859) and accounting services of ($50,395).
Expenses for the nine months ended September 30, 2006 were primarily management fees ($14,500), legal services ($10,417) and accounting services of $(47,254).
THE THREE MONTHS ENDED SEPTEMBER 30, 2007 AND SEPTEMBER 30, 2006
Development stage loss during the three months ended September 30, 2007 was ($21,215) as compared to development stage loss during the three months ended September 30, 2006 of ($55,146).
Expenses for the three months ended September 30, 2007 were interest expense ($9,458), transfer agent fee ($415) and accounting services of ($11,461).
Expenses for the three months ended September 30, 2006 were primarily management fee ($10,000), interest expense ($5,580) and accounting expense ($32,140).
Liquidity and Capital Resources
Despite capital contributions and loans from a related party, the Company continues to experience cash flow shortages that have slowed the Company’s growth.
The Company has primarily financed its activities from issuance of common stock of the Company and from loans from Joseph Douek, (the Company’s majority shareholder) and other entities controlled by Mr. Douek. A significant portion of the funds raised from loans from related and third parties has been used to cover working capital needs.
For the nine months ended September 30, 2007 and September 30, 2006, we had a net loss of ($81,156) and ($88,528) respectively. Our accumulated deficit since the date of inception is ($2,196,726). Such accumulated losses have resulted primarily from costs incurred in the development of the website, salary and various professional fees.
In June 1999, the Company issued 22,000,000 common shares to the founder, in consideration for management services valued at $0.10. Joseph Douek is deemed to be a founder and affiliate of the Company.
In November 1999 and December 1999, the Company entered into a private offering of securities pursuant to Regulation D, Rule 504, promulgated by the Securities Act of 1933. Common stock was offered to accredited and non-accredited investors for cash consideration of $.10 per share. 8,350,250 shares were issued to several unaffiliated investors and the Company received net proceeds totaling approximately $786,000. That offering is now closed.
In November 1999, the Company issued 1,600,000 common shares in exchange for equipment at $.07 share to Douek Holdings Ltd., a company controlled by the Company’s majority stockholder.
In December 1999, the Company issued 350,000 common shares for services performed which was valued at $35,000.
In February 2000, the Company entered into a private offering of securities pursuant to Regulation D, Rule 504, promulgated by the Securities Act of 1933. Common stock was offered to accredited and non-accredited investors for cash consideration of $.10 per share. 200,000 shares were issued to several unaffiliated investors and the Company received net proceeds totaling approximately $20,000. That offering is now closed.
In May through October 2000, the Company entered into a private offering of securities pursuant to Regulation D, Rule 504, promulgated by the Securities Act of 1933. Common stock was offered to accredited and non-accredited investors for cash consideration of $.12 per share. 850,000 shares were issued to several unaffiliated investors. The Company received net proceeds totaling approximately $102,000. That offering is now closed.
In December 2000, the company issued 505,000 common shares for compensation of services valued at $51,000.
In December 2000, 200,000 options were exercised at $.10 per share, receiving $20,000 in proceeds.
In March 2001, the Company exchanged 800,143 common shares for monies loaned by an affiliate of CDI and the Company recognized a loss of $71,000.
2
In June 2001, the Company issued 195,000 common shares in exchange of an advance by unaffiliated individual. The company recognized a loss of $17,000.
In June 2001, the Company granted as compensation for services, stock options to purchase 300,000 shares of the Company’s common stock at an exercise price of $.12 per share.
In September 2001, a company controlled by the Company’s majority stockholder, exchanged for 1,500,000 shares of the Company’s common stock (valued at $180,000) agreed to fund substantially all current sales, marketing and administrative expenses for one year. This is being amortized through September 30, 2002; accordingly as of December 31, 2001, the unamortized balance of $120,000 is included as a component of the capital deficiency.
In September 2001, 100,000 common shares were issued in exchange for services rendered valued at $12,000.
On September 26, 2001, Photo America, Inc. merged with Concept Digital, Inc. (“CDI”) a publicly traded development stage enterprise that had 3,032,978 shares of common stock outstanding prior to the merger. Pursuant to the merger agreement, the Company acquired all of the outstanding common stock of Photo America, Inc. in exchange for 35,000,283 shares of CDI common stock. The merger has been accounted for as a recapitalization by Photo America, Inc. The equity accounts of PAI have been restated to give effect to the CDI shares issued by the PAI shareholder.
In September 2001, the Company granted compensation for services stock option to purchase 300,000 shares of the Company’s common stock at an exercise price of $.12 per share.
In June 2007, 795,000 common shares were issued in exchange for loan interest valued at $79.
In June 2007, 795,000 common shares were issued in exchange for services rendered valued at $79.
The Company continues to experience cash flow shortages and anticipates this continuing through the foreseeable future. Management believes that additional funding will be necessary in order for it to continue as a going concern. The Company is investigating several forms of private debt and/or equity financing, although there can be no assurances that the Company will be successful in procuring such financing or that it will be available on terms acceptable to the Company.
Item 3. Quantitative and Qualitative Disclosures About Market Risk
The Company is subject to certain market risks, including changes in interest rates and currency exchange rates. The Company does not undertake any specific actions to limit those exposures
Item 4. Controls and Procedures.
Evaluation of disclosure controls and procedures
Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (Exchange Act). Based on this evaluation, our principal executive officer and principal financial officer have concluded that our disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
3
Changes in internal controls
There were no changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls over financial reporting that occurred during the quarter ended September 30, 2007 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
PART II OTHER INFORMATION
Item 1. Legal Proceedings
None.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities.
None
Item 4. (Removed & Reserved)
None.
Item 5. Other Information
None.
Item 6. Exhibits
(a) Exhibits
31.1 Certification pursuant to Section 302 of Sarbanes Oxley Act of 2002
32.1 Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002
4
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Concept Digital, Inc.
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Date: October 27, 2010
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By:
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/s/ Joseph Douek
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Joseph Douek
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Chief Executive Officer
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Date: October 27, 2010
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By:
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/s/ Joseph Douek
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Joseph Douek
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Chief Financial Officer
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