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WINNERS ALL INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
YEARS ENDED JULY 31, 1995 AND 1994
NOTE 14 - SUBSEQUENT EVENTS (CONTINUED)
On February 7, 1997, the Company entered into a contract with
Stanley Merdinger to perform business, consulting and related
services for the Company. In consideration for his services, he will
receive one million shares of stock with an option to purchase two
million additional shares at $ .50 cents a share. The option can be
exercised within 120 days after date of grant. No effect will be
given, to these consolidated financial statements, until the
issuance and exercise date of the stock and options has been
determined.
I
TEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE.
On January 6, 1997, the registrant has engaged Baum & Company, Certified
Public Accountants, of 4310 Sheridan Street, Hollywood, Florida 33021, to audit
the financial statements of the registrant for the year ended July 31, 1995 and
assist management and legal counsel in preparing the Form 10K and the Management
Discussion and Analysis. Prior audits of the financial statements of the
registrant had been completed by Feldman, Radin & Co., P.C., of 805 Third
Avenue, New York, New York 10022. At no time have their been any disagreements
with Feldman, Radin & Co., P.C.
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS;
COMPLIANCE WITH SECTION 16 (A) OF THE EXCHANGE ACT
Board of Directors and Executive Officers
Following the acquisition of Winners All, Ltd., Mr. Joyce became
President and Director of the Company and the Board of Directors was composed of
Mr. Joyce, Alex Larkman, Brian Chandler and Paul Gilkes, all of whom were
nominated by Mr. Joyce, and Mark Schindler, Eugene Stricker and Jules Zimmerman,
all of whom had been directors of Natural Child Care, Inc. Shortly afterwards,
Brian Chandler resigned and Charles Gargano was nominated by Mr. Joyce to take
his place.
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