10-Q 1 trimax10q3q2009.htm TRIMAX CORPORATION FORM 10-Q
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
Quarterly report under Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the quarterly period ended June 30, 2009
Transition report under Section 13 or 15(d) of the Exchange Act
Commission file number: 0-32749
TRIMAX CORPORATION
(Exact name of small business issuer as specified in its charter)
Nevada 76-0616468
(State of incorporation) (I.R.S. Employer Identification No.)
8300 East Via de Ventura, #1024
Scottsdale, AZ 85253 USA
(Address of principal executive offices)
1 480 778 8345 http://www.tmxn.net
(Issuer's telephone number) (Issuer's website)
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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 the past 90 days.
Yes X No
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: 16,421,225 shares
of common stock as of July 17, 2009.
Transitional Small Business Disclosure Format (check one):
Yes No X
TABLE OF CONTENTS
PART I - FINANCIAL INFORMATION 2
Item 1. Financial Statements 3
Item 2. Management's Discussion and Analysis 10
Item 3. Controls and Procedures 12
PART II - OTHER INFORMATION 13
Item 1. Legal Proceedings 13
Item 2. Unregistered Sales of Equity Securities, Use of Proceeds 13
Item 3. Defaults Upon Senior Securities 13
Item 4. Submission of Matters to a Vote of Security Holders 13
Item 5. Other Information 13
Item 6. Exhibits 13
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PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
The unaudited financial statements for the quarter ended June 30, 2009
are incorporated herein by reference.
The unaudited financial statements have been prepared by management in
accordance with accounting principles generally accepted in the US for
interim financial information and within 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. In the opinion of management, all adjustments
(consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. Operating results for the three
months ended June 30, 2009, for the three months ended June 30, 2008
and for the period August 25, 2000 (inception) to June 30, 2009 are not
necessarily indicative of the results that may be expected for the year
ended September 30, 2009. For further information, refer to the
consolidated financial statements and footnotes thereto included in the
Company's annual report on Form 10-K for the year ended September 30,
2008.
(table)
( c ) TRIMAX CORPORATION ( A Development Stage Company)
BALANCE SHEETS
(Expressed in United States Dollars)
June 30 2008 September 30 2008
(unaudited)
ASSETS
$_________________ $________________
CURRENT ASSETS
Cash
TOTAL CURRENT ASSETS $_________________ $_________________
TOTAL ASSETS $_________________ $_________________
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LIABILITIES AND STOCKHOLDERS' (DEFICIT)
CURRENT LIABILITIES
Bank Indebtedness $ - $ $121
Accounts payable and accrued liabilities "208,775" "351,077"
Notes payable to related parties "198,438" "172,792"
Other loans and advances payable "310,186" "114,267"
TOTAL CURRENT LIABILITIES 717,379" 638,257"
TOTAL LIABILITIES 717,379" 638,257"
STOCKHOLDER'S EQUITY (DEFICIT)
"Preferred stock: 200,000 authorized"
"with par value of $0.001 per share, no shares"
oustanding
Common stock: $0.001 par value:
"100,000,000 shares authorized, 7,250,725"
"and 5,853,898 issued and outstanding,"
Respectively "7,251" "5,854"
Additional paid in capital
Accumulated other comprehensive income "20,260"
Deficit accumulated during the development stage
TOTAL STOCKHOLDER'S EQUITY (DEFICIT) (717,379)" "(638,257)"
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY (DEFICIT) $__________________ $___________________
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The accompanying notes are part of these financial statements.
For three months ended June 30th
2009 2008 2009
__________________________________________
REVENUES
COST OF SALES
GROSS PROFITS
OPERATING EXPENSES
GENERAL AND ADMINISTRATIVE
TOTAL OPWERATING EXPENSES
NET LOSS FROM CONTIUING OPERATIONS
DISCONTINUED OPERATIONS
GAIN OF DISPOSAL OD
DISCONTINUED OPERATIONS "283,191"
LOSS FROM DISCONTINUED OPERATIONS
LOSS BEFORE INCOME TAX "-68,796" "-68,796"
INCOME TAX
NET LOSS
FOREIGN CURRENCY TRANSLATION ADJUSTMENT "-20,620"
COMPREHENSIVE INCOME LOSS "-89,416" "-177,196"
NET LOSS PER SHARE (Basic and diluted) ($0.01) ($0.07)
Weighted average common shares oustanding 6,249,235 2,742,790
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TRIMAX CORPORATION (A Development Stage Company)
STATEMENTS OF CASH FLOWS
(Expressed in United States Dollars)
(unauditied)
From inception
August 25 2000
For 6 months ended June 30th through june 20 2009
______________________________________________________________
2009 2008 2009
______________________________________________________________
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss (77,664) 353,081 16,635,590
Adjustments to reconsile net loss to
net cash used in operating activities:
Depreciation tangible/intangible assets "2,858" "219,946"
Gain on disposal of subsidiary "-283,191"
Losses on write-off/impairment of investments "198,768"
Cancellation of common stock "-16,000"
Stock compensation expense - warrants "87,940"
Common stock issued in settlement of legal claim "59,408"
Accretion if beneficial conversion feature "436,239"
Common stock issued for services "60,000" "11,961,237"
Write-off of director's compensation "-311,355"
Changes in operating assets and liabilities
Accounts payable and accrued liabilities "-142,443" "143,800" "1,706,025"
NET CASH (USED IN) PROVIDED BY
OPERATING ACTIVITIEs "-220,107" "146,243" "-2,576,573"
CASH FLOWS FROM INVESTING ACTIVITIES
Advances to Multi-Source Inc. "-226,680"
Deposits on acquisitions "-12,310" "-299,380"
Acquisition of equipment -58,190
TOTAL "-12,310" "-584,250"
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from long tem debt "165,356"
Advances from related parties "240,727" "189,104" "978,066"
(Repayment) to related parties "-51,394" "126,100"
Other loans and advances "1,010,452"
TOTAL "240,727" "137,710" "3,160,823"
EFFECT OF FOREIGN CURRENCY TRANSLATION "-20,620" "-9,012"
NET (DECREASE) INCREASE IN CASH "20,620" "-21,023"
"CASH, BEGINNING OF PERIOD" "12,011"
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"CASH, END OF PERIOD"
SUPPLEMENTAL CASH FLOW DISCLOSURES
CASH PAID FOR
Interest
Income Taxes
Non cash financing activities "19,162" "75,000" "94,162"
The accompanying notes are an integral part of these financial statements.
(/table)
TRIMAX CORPORATION
Notes to the Condensed Financial Statements
NOTE 1 - CONDENSED FINANCIAL STATEMENTS
The accompanying financial statements are prepared by the Company
without an audit. The company has appointed an auditor who very soon
will forensically audit the past company books in order to bring them
into order with the existing company records in order to prepare the
next annual statement. As a change of business, Board membership and
management took place on April 2, 2009, in the middle of the present
year statements, an adjustment will have to be made to reflect the
past, present and on-going business. In the opinion of management,
all adjustments (which include only normal recurring adjustments)
necessary to present fairly the financial position, results of
operations and cash flows at June 30, 2009 and for all periods
presented have been made.
Certain information and footnote disclosures normally included in
financial statements prepared in accordance with accounting principles
generally accepted in the United States of America have been condensed
or omitted. It is suggested that these condensed financial statements
be read in conjunction with the financial statements and notes thereto
included in the Company's September 30, 2008 audited financial
statements. The results of operations for the three months ended June
30, 2009 and the three months ended June 30, 2008, are not necessarily
indicative of the operating results for the full year.
NOTE 2 - GOING CONCERN
The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern, which
contemplates the realization of assets and liquidation of liabilities
in the normal course of business. The Company has had no revenues
and has generated losses from operations.
In order to continue as a going concern and achieve a profitable level
of operations, the Company will need, among other things, additional
capital resources and to develop a consistent source of revenues.
Management's plans include investing in and developing businesses in
the mineral exploration, mine development, milling and metallurgical
operations.
The ability of the Company to continue as a going concern is dependent
upon its ability to successfully accomplish the plan described in the
preceding paragraph and eventually attain profitable operations. The
accompanying financial statements do not include any adjustments that
might be necessary if the Company is unable to continue as a going
concern.
NOTE 3 - SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles 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
revenues and expenses during the reporting period. Actual results
could differ from those estimates.
Principles of Consolidation
The Company had no subsidiaries at June 30, 2009. The Company's
financial statements at June 30, 2008 include the accounts of its
wholly owned subsidiary as discontinued operations.
Recent Accounting Pronouncements
In June 2008, the FASB issued FASB Staff Position EITF 03-6-1,
Determining Whether Instruments Granted in Share-Based Payment
Transactions Are Participating Securities, ("FSP EITF 03-6-1").
FSP EITF 03-6-1 addresses whether instruments granted in share-based
payment transactions are participating securities prior to vesting,
and therefore need to be included in the computation of earnings
per share under the two-class method as described in FASB Statement
of Financial Accounting Standards No. 128, "Earnings per Share."
FSP EITF 03-6-1 is effective for financial statements issued for
fiscal years beginning on or after December 15, 2008 and earlier
adoption is prohibited. We are not required to adopt FSP EITF
03-6-1; neither do we believe that FSP EITF 03-6-1 would have
material effect on our consolidated financial position and results
of operations if adopted. In May 2008, the Financial Accounting
Standards Board ("FASB") issued SFAS No. 163, "Accounting for
Financial Guarantee Insurance Contracts-and interpretation of
FASB Statement No. 60". SFAS No. 163 clarifies how Statement 60
applies to financial guarantee insurance contracts, including
the recognition and measurement of premium revenue and claims
liabilities. This statement also requires expanded disclosures
about financial guarantee insurance contracts. SFAS No. 163 is
effective for fiscal years beginning on or after December 15,
2008, and interim periods within those years. SFAS No. 163 has
no effect on the Company's financial position, statements of
operations, or cash flows at this time.
In May 2008, the Financial Accounting Standards Board ("FASB")
issued SFAS No. 162, "The Hierarchy of Generally Accepted
Accounting Principles". SFAS No. 162 sets forth the level of
authority to a given accounting pronouncement or document by
category. Where there might be conflicting guidance between two
categories, the more authoritative category will prevail. SFAS
No.
162 will become effective 60 days after the SEC approves the PCAOB's
amendments to AU Section 411 of the AICPA Professional Standards.
SFAS No. 162 has no effect on the Company's financial position,
statements of operations, or cash flows at this time.
NOTE 4 - COMMON STOCK
During the quarter ended June 30, 2009 the Company cancelled
200,000 shares and issued 1,596,833 common shares to satisfy
$19,162 in outstanding loans.
NOTE 5 - SUBSEQUENT EVENTS
On March 27th, 2009, Robert Vivaqua resigned as a Director and
officer of Trimax. The previous business of broadband communications
ended definitively. Accordingly, the Company's financial statements
are restated to reflect its prior operations as discontinued operations.
On April 2nd, the company appointed Robert S. Stewart to be the sole
Company Director, Chairman, Chief Executive Officer, Secretary and
Treasurer. The company subsequently appointed Reg Olson to be the
company Secretary and Peter Malloy to become the company Treasurer
and CFO. The company intends to pursue early, middle and late stage
exploration and development of mineral properties worldwide for the
purposes of developing the projects by joint venturing, selling or
retaining them as mining, milling, refining, smelting, and marketing
operations with precious (gold, silver, platinum), base (copper,
nickel, zinc, lead) and strategic (cobalt, titanium, lithium,
molybdenum, uranium) minerals.
On April 20th, 2009, the Company entered into agreement with
Exploraciones San Bernardo S.A. de C.V, a Mexican company, to
purchase five strategic mining claims the Mexican company holds
near the town of San Bernardo in the Municipality of Alamos,
Sonora State, in the United States of Mexico. The owners of the
company are a Sr. Obdulio Chavez of Navojoa, Mexico and a Mr.
Tom Raptis of Vancouver, BC, Canada. Mr. Raptis had made
representations to provide Trimax with start-up capital of $500,000
to $5,000,000 in order to commence the new business of the
company. This included sufficient capital to pay for the offices,
expenses and salaries of employees, as well as the start-up mineral
exploration, development, and eventual mining operations on the
initial San Bernardo project. Mr. Raptis subsequently failed to
raise any finance for Trimax or the project and thus shares
offered as compensation were never issued.
Effective April 20, 2009, the Company agreed to issue 2,000,000
shares of common stock to Robert Stewart, for his services as a
Director and officer of the Company.
On May 8th, 2009 the Company agreed to terminate and release
all interests it was granted by San Bernardo in the Sonora claims
in order to enter into a binding letter of intent ("LOI") with Hawk
Uranium Inc, Toronto, Canada ("Hawk"). Because Mr. Raptis
failed to provide any finance for Trimax or the San Bernardo
project, Exploraciones San Bernardo S.A. de C.V. ("San Bernardo")
agreed to release its sale to Trimax in order to allow Hawk's proposed
acquisition of a 100% interest in the five strategic mining claims San
Bernardo holds near the Municipality of Alamos, Sonora, Mexico.
Under the LOI, Hawk would acquire the 100% unencumbered
interest upon payment of 15,000,000 of its common shares. These
are to be issued and distributed to Robert S. Stewart, Trimax
Corporation and San Bernardo according to the following
schedule: a) at a closing to be held on or before July 31, 2009,
5,000,000 shares, b) on or before 6 months following the closing,
5,000,000 shares; and c) on or before 12 months following the closing,
5,000,000 shares.
Overview: Going Concern
The Company's financial statements are presented on a going concern
basis, which contemplates the realization of assets and satisfaction of
liabilities in the normal course of the mining business. Mr. Stewart,
its new Chairman and majority owner has 45 years of experience in
senior positions as a Chairman and CEO of numerous successful mining
and metallurgical companies listed on various stock exchanges
worldwide such as Toronto and AMEX.
Previously however, the Company experienced substantial losses and
severe reverse stock splits as a series of failed businesses from
various operations initiated since incorporation by its founding
Chairman. Substantial doubt was raised as to the credibility, veracity
and probity of her person and/or her numerous offshore, front companies
whose previous claims for cash compensation from Trimax or the
subsequent issuance of Trimax shares to her or her companies were
suspect. The new Board and management of the company repeatedly
requested since April 2009 and for the subsequent three months written
evidence of the company's indebtedness for loans, the provision of
services or work provided by the founder or companies she owns. When
she failed to produce any cashed checks, receipts, contracts, letters
of engagement or subsequent proof of the provision of bone fide goods
or services to Trimax, it raised considerable fear that shareholders
had been potentially defrauded. This evidence was submitted to the SEC
and law agencies in the US and Canada for investigation of potential
criminal charges.
The Company's ability to continue as a going concern is contingent
upon its ability to obtain the financing and strategic alliances
necessary to attain profitable operations.
The financial statements do not include any adjustments to reflect the
possible future effects on the recoverability and classification of
assets or the amounts and classification of liabilities that may result
from the possible inability of the Company to continue as a going
concern.
Principles of Accounting
The accompanying financial statements as of June 30, 2009 include the
accounts of the Company and have been prepared in accordance with
accounting principles generally accepted in the United States of
America ("GAAP"). The Company has no subsidiaries as of June 30, 2009.
The Company has not earned any revenues from limited principal
operations and accordingly, the Company's activities have been accounted
for as those of a "Development Stage Enterprise" as set forth in SFAS No.
7, Accounting and Reporting by Development Stage Enterprises.
Among the disclosures required by SFAS No. 7 are that the Company's
financial statements be identified as those of a development stage
company, and that the statements of operation, stockholders'
deficiency and cash flows disclose activity since the date of the
Company's inception.
Capital Stock
The stockholders' equity section of the Company contains the following
classes of capital stock as of June 30, 2009: Common stock, $0.001 par
value; 100,000,000 shares authorized: 7,921,225 shares issued and
outstanding. Preferred stock, $0.001 par value; 20,000,000 shares
authorized, no shares issued and outstanding.
During the period ended June 30, 2009, the Company cancelled 200,000
shares issued for services and issued 1,596,833 shares of common stock
to repay cash advances of $19,162.
The Company's board of directors has offered to settle up to $457,670 in
liabilities and loans payable for the issuance of shares of common stock
valued at their market price at time of settlement. As of the date of the
10-Q, the liabilities have not been settled and remain outstanding. The
Company is in the process of negotiating the liabilities as stated
previously with creditors and debtors.
Item 2. Management's Discussion and Analysis
The following discussion should be read in conjunction with the
information contained in our consolidated financial statements and the
notes thereto appearing elsewhere in this quarterly report, and in
conjunction with the Management's Discussion and Analysis set forth in
(1) our annual report on Form 10-KSB for the year ended September 30,
2008.
Preliminary Note Regarding Forward-Looking Statements
This quarterly report and the documents incorporated herein by reference
contain forward-looking statements within the meaning of the federal
securities laws, which generally include the plans and objectives of
management for future operations, including plans and objectives
relating to our future economic performance and our current beliefs
regarding revenues we might earn if we are successful in implementing
our business strategies.
The forward-looking statements and associated risks may include, relate
to or be qualified by other important factors. You can identify forward-
looking statements generally by the use of forward-looking terminology
such as "believes," "expects," "may," "will," "intends," "plans,"
"should," "could," "seeks," "pro forma," "anticipates," "estimates,"
"continues," or other variations of those terms, including their use
in the negative, or by discussions of strategies, opportunities, plans
or intentions.
You may find these forward-looking statements in this Item 2,
Management's Discussion and Analysis of Financial Condition and
Results of Operations, as well as throughout this quarterly report.
A number of unforeseen factors could cause results to differ materially
from those anticipated by forward-looking statements. These forward-
looking statements necessarily depend upon assumptions and estimates
that may prove to be incorrect. Although we believe that the assumptions
and estimates reflected in the forward-looking statements are reasonable,
we cannot guarantee that we will achieve our plans, intentions or
expectations. The forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results to differ in significant ways from any future results expressed
or implied by the forward-looking statements.
Any of the factors described in this quarterly report, and other factors
unknown to the Company at this time, could cause our financial results,
including our net (loss) or growth in net income (loss) to differ
materially from prior results, which in turn could, among other things,
cause the price of our common stock to fluctuate substantially. We base
our forward-looking statements on information currently available to us,
and we assume no obligation to update them.
In addition, readers are also advised to refer to the information
contained in our filings with the SEC, especially on Forms 10-K, 10-Q
and 8-K, in which we discuss in more detail various important factors
that could cause actual results to differ from expected or historic
results. It is not possible to foresee or identify all such factors.
As such, investors should not consider any list of such factors to be
an exhaustive statement of all risks and uncertainties or potentially
inaccurate assumptions.
The Company had no revenues and considerable expenses from
continuing operations during the three months ended June 30, 2009,
and the three months ended June 30, 2008. The Company has losses
of $68,796 and $184,322, for the three months ended June 30, 2009
and 2008, respectively.
Liquidity and Capital Resources
The forecasted expenses of implementing the Company's business
plan will exceed the Company's current resources. The Company
therefore will need to secure additional funding through an offering
of its securities or through capital contributions from its
stockholders.
No commitments to provide additional funds have been made by
management. Management has provided all present cash to the
company to pay for all the services that it has legally encumbered
by means of loans to the company. Management has worked without
salary throughout the entire period without payment or the issuance of
any Trimax shares as compensation. There can be no assurances that
any additional funds will be available on terms acceptable to the
Company, or at all.
Item 3. Controls and Procedures
We maintain disclosure controls and procedures that are designed to be
effective in providing reasonable assurance that information required
to be disclosed in our reports under the Securities Exchange Act of
1934 is recorded, processed, summarized and reported within the time
periods specified in the rules and forms of the SEC, and that such
information is accumulated and communicated to our management to allow
timely decisions regarding required disclosure.
In designing and evaluating disclosure controls and procedures,
management recognizes that any controls and procedures, no matter
how well designed and operated, can provide only reasonable, not
absolute assurance of achieving the desired objectives. Also, the
design of a control system must reflect the fact that there are resource
constraints and the benefits of controls must be considered relative to
their costs. Because of the inherent limitations in all control systems,
no evaluation of controls can provide absolute assurance that all control
issues and instances of fraud, if any, have been detected. These inherent
limitations include the realities that judgments in decision-making can
be faulty and that breakdowns can occur because of simple error or
mistake. The design of any system of controls is based, in part, upon
certain assumptions about the likelihood of future events and there can
be no assurance that any design will succeed in achieving its stated
goals under all potential future conditions.
As of the end of the period covered by the March 31, 2009, 3rd Quarter
report, Trimax carried out an evaluation, under the supervision and with
the participation of management, including our chief executive officer,
corporate secretary and principal financial officer, of the
effectiveness of the design and operation of our disclosure controls and
procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange
Act. Based upon this new evaluation, management concluded significantly
upgraded our disclosure controls and procedures to make them much more
effective that previous auditors, accounts, directors or managers. All
information is now required to be disclosed by new management in reports
that we file or submit under the Exchange Act will be recorded,
processed, summarized and reported within the time periods prescribed
by SEC. Such information is accumulated and communicated to management,
including our chief executive officer and principal financial officer,
as appropriate, to allow timely decisions regarding required disclosure.
Four weaknesses in our internal controls were identified during the
completion of our year-end September 30, 2008 and detailed in our form
10K disclosure for the year ended September 30, 2008. The four
weaknesses were resolved by the implementations and changes disclosed
in the 10K.
There was no change in our internal controls over financial reporting
identified in connection with the requisite evaluation that occurred
during the March 31, 3009, 3rd quarter that has materially affected,
or is reasonably likely to affect materially, our internal control over
financial reporting.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
There are no legal proceedings underway at this time however Trimax
reserves the right to continue with ongoing investigations concerning
previous operations of the company and is conducting a forensic audit
to protect its minority shareholders from past abuses conducted by the
founder, previous managers and directors of the company. Trimax has
supplied the SEC with this information and will provide all future
facts regarding this matter to the SEC and law enforcement agencies
in Canada and the USA.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The Company issued 1,596,833 shares of common stock pursuant to Section
4(2) of the Securities Act of 1933, during the period ended June 30,
2009 to settle cash advancers of $19,162.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.
Item 5. Other Information
Not applicable.
Item 6. Exhibits
The following exhibits are being filed as part of this quarterly report:
Exhibit No. Description
31.1 Certification of Chief Executive Officer pursuant to Section
302 of the Sarbanes-Oxley Act of 2002 And Rule 13a-14(a)/15d-14(a)
of the Securities Exchange Act of 1934.
31.2 Certification of Chief Financial Officer pursuant to Section 302
of the Sarbanes-Oxley Act of 2002 and Rule 13a-14(a)/15d-14(a) of
the Securities Exchange Act of 1934.
32.1 Certification of Chief Executive Officer and Chief Financial
Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant
to Section 906 of the Sarbanes-Oxley Act of 2002.
SIGNATURES
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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.
TRIMAX CORPORATION
By:/s/ Robert S. Stewart
Name: Robert S. Stewart
Title: President, Director and Chief Executive Officer
Date: August 20, 2009
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CERTIFICATIONS OF CEO PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
Exhibit 31.1
I, Robert S. Stewart, certify that
1. I have reviewed this quarterly report on Form 10-Q of Trimax
Corporation;
2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
covered by this report;
3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this report;
4. I am responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) for the registrant and have: a) Designed such disclosure
controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
b) Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation; and c)
Disclosed in this report any change in the registrant's internal control
over financial reporting that occurred during the registrant's most
recent fiscal quarter that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over
financial reporting; and
5. I have disclosed, based on my most recent evaluation of internal
control over financial reporting, to the registrant's auditors and the
audit committee of registrant's board of directors (or persons
performing the equivalent functions): a) All significant deficiencies
and material weaknesses in the design or operation of internal control
over financial reporting which are reasonably likely to adversely
affect the registrant's ability to record, process, summarize and
report financial information; and b) Any fraud, whether or not material,
that involves management or other employees who have a significant role
in the registrant's internal control over financial reporting.
August 20, 2009
/s/ Robert S. Stewart
Robert S. Stewart,
Chief Executive Officer
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CERTIFICATIONS OF CFO PURSUANT TO SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002
Exhibit 31.2
I, Robert S. Stewart, certify that:
1. I have reviewed this quarterly report on Form 10-Q of Trimax
Corporation;
2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect
to the period covered by this report;
3. Based on my knowledge, the financial statements, and other financial
information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows
of the registrant as of, and for, the periods presented in this report;
4. I am responsible for establishing and maintaining disclosure controls
and procedures (as defined in Exchange Act Rules 13a-15(e) and
15d-15(e)) for the registrant and have: a) Designed such disclosure
controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;
b) Evaluated the effectiveness of the registrant's disclosure controls
and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation; and
c) Disclosed in this report any change in the registrant's internal
control over financial reporting that occurred during the registrant's
most recent fiscal quarter that has materially affected, or is
reasonably likely to materially affect, the registrant's internal
control over financial reporting; and
5. I have disclosed, based on my most recent evaluation of internal
control over financial reporting, to the registrant's auditors and the
audit committee of registrant's board of directors (or persons
performing the equivalent functions): a) All significant deficiencies
and material weaknesses in the design or operation of internal control
over financial reporting which are reasonably likely to adversely affect
the registrant's ability to record, process, summarize and report
financial information; and b) Any fraud, whether or not material, that
involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.
August 20, 2009
/s/ Robert Stewart
Robert S. Stewart, Acting Chief Financial Officer
|
CERTIFICATIONS PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002
(18 U.S.C. SECTION 1350)
Exhibit 32.1
In connection with the quarterly report of Trimax Corporation, a Nevada
corporation (the "Company"), on Form 10-Q for the quarter ended March
31, 2009, as filed with the Securities and Exchange Commission (the
"Report"), Robert S. Stewart, Chief Executive Officer and Acting Chief
Financial Officer of the Company do hereby certify, pursuant to 906
of the Sarbanes-Oxley Act of 2002 (18 U.S.C. 1350), that to his
knowledge:
(1) The Report fully complies with the requirements of section
13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in
all material respects, the financial condition and result of operations
of the Company.
By: /s/ Robert S. Stewart
Name: Robert S. Stewart
Title: Chief Executive Officer and Acting Chief Financial Officer
Date: August 20, 2009
|
[A signed original of this written statement required by Section 906
has been provided to Trimax Corporation and will be retained by Trimax
Corporation and furnished to the Securities and Exchange Commission
or its staff upon request.]
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