Bauer Partnership Inc.     OTCBB:  BUER 
 

OTCBB

BUER

52 Week High $ 7.50
52 Week Low $ 0.04
Shares Outstanding 53 Million

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Corporate Headquarters

 

Bauer Partnership Inc
300 Park Avenue
Suite 1700
New York, NY 10022
United States

Phone: (212) 572-6276
Fax: (212) 572-6499

Ronald J. Bauer, CEO

 
Company Home Page

   

www.OTCLIVE.com

  

 

 
 
BUER - Bauer Partnership Inc  
 
 
  SIC Number: 6799
Fiscal Year End: 12-31
Industry: Financial Services
Transfer Agent: Pacific Stock Transfer Company
CIK: 1091418
 
 
 
 
 
Share Data
 
Authorized Outstanding
Date Shares Source Date Shares Source
11/13/2002 200,000,000 S-8 11/14/2002 53,001,394 10QSB
 
Business Summary
 
Bauer Partnership Inc., a diversified holding company, specializes in acquiring Commercial Real Estate assets in the US and Caribbean, Sports and Leisure opportunities and Resource oriented ventures. The Company has already targeted acquisitions in these arenas and plans to announce them in the near future. The Company also focuses its efforts on developing viable projects in the Caribbean and Latin America. The Company has an acquisition team who operate from the Company's headquarters in New York.
  • The Company, through Bauer Capital Management Ltd., a subsidiary, seeks to acquire The Mosquito Blue Resort. The resort is located 40 miles south of Cancun, Mexico.
  • The Company has also announced that it has begun negotiations for an acquisition in the Sports and Leisure industry with an announcement forthcoming. The Company has entered the Gourmet Food Industry, as well.
  • Bauer Debt Purchasing Corp., a wholly owned subsidiary of the Company, plans to acquire these large portfolios by utilizing its common stock as a currency and acquiring such debt at large discounts in bulk amounts. Bauer Debt will then enter into revenue sharing agreements with various national collection agencies in order to convert such portfolios into performing debt.
  • HISTORICAL BUSINESS INFORMATION: The Company was organized May 28, 1999, under the laws of the State of Nevada, as Finder Keepers, Inc. The Company has yet to generate any significant revenues and in accordance with Statement of Financial Accounting Standards No. 7 (SFAS #7), the Company is considered a developmental stage company.
  • In June 1999, the Company changed its name to Finders Keepers Inc. In September 2001, the Company changed its name to Bauer Partnership Inc.
  • September 7, 2001, the Company disposed of its operations to Devorah Zirkind, the Company's former President and Director, in exchange for the surrender of 500,000 shares.
  • In September 2001, the Company announced that it had executed a letter of intent to enter into an agreement and plan of reorganization with The Bauer Partnership, Inc., a private boutique international investment banking and institutional brokerage firm organized under the laws of the State of Delaware.
  • As of November 14, 2001, the Company and Bauer Delaware had not finalized the agreement and plan of reorganization, but expect to finalize the terms within the next ten days.
  • Until such time as the Company finalizes the agreement and plan of reorganization with Bauer Delaware or enters into an agreement to acquire another business, the Company will not have any operations.
  • On December 5, 2001, the Company acquired 100% of the issued and outstanding shares of BAUER in exchange for 31,030,800 post reverse split shares of the Company's common stock. Following the exchange, there are 35,095,006 shares of common stock outstanding.
  • As a result of the acquisition of The Bauer Partnership, Inc., a Delaware corporation, the control of the Company shifted to the former shareholders of Bauer. The following entity which is beneficially owned by Ronald J. Bauer, the Company's new chief executive officer, now exercises control of the Company.
  • On February 6, 2002, the Bauer Partnership Inc. announced that through one of its wholly-owned subsidiaries, it has entered into a Share and Asset Purchase Agreement to acquire The Windjammer Landing Resort & Spa in St. Lucia, British West Indies for US $30,000,000.
  • The Windjammer Resort & Spa was built in 1989 and is a five-star resort and spa, encompassing approximately 56 acres of beachfront land with 144 villa units plus all resort & spa facilities complementing these units.
  • On March 5, 2002, the Company announced that through one of its wholly-owned subsidiaries, Bauer Capital Management Ltd., it has entered into a Letter of Intent to acquire The Golden Lemon Resort in St. Kitts for US $3,500,000. The resort, located half an hour from St. Kitts' International Airport is situated on 16 acres of land called the Caines Estate, and features extensive water frontage on Dieppe Bay and Sandy Bay. The main hotel building is a converted merchant house built in 1610 and has undergone several renovations during its 400-year history.
  • On March 14, 2002, the Company announced that through one of its wholly-owned subsidiaries, Bauer Capital Management Ltd., it has entered into a Letter of Intent to acquire The Six Flags Mall in Arlington, Texas for US $23,500,000. The mall, one of the first regional malls in the Dallas-Fort Worth area was built in 1972, has over 50 stores, and two anchor stores including Dillard's and Foley's, numerous restaurants, amenities, and a multiplex cinema.
  • On November 12, 2002, The Bauer Partnership, Inc. announced that through one of its wholly-owned subsidiaries, BAUER PANAMA REFORESTATION CORP., entered into an agreement with Tropical Resources, SA, of Panama, to develop and market thousands of hectares of forest land in an effort to promote environmentally friendly and ethical investments in Panama. The forest land is part of Panama's current reforestation program and promotes 4 species of commercial tropical hardwood trees that are exported to the US for commercial usage. BAUER PANAMA receives 20% of the generated revenue through its introduction from the sale of 1,000+ hectares of forest land worldwide.
  • On November 21, 2002, The Bauer Partnership, Inc. announced that it changed its corporate philosophy from a real estate investment company to a diversified holding company to better maximize shareholder value.
  • The World Golf League (WGL) is a three-year-old Florida Corporation based in Orlando, Florida. The WGL was founded in 1999 to capitalize on the largest participation sport in the world, 26.5 million players in the U.S. alone and over 60 million worldwide.
  • On November 22, 2002, The Bauer Partnership, Inc. announced that it signed a multi-million dollar letter of intent to acquire the World Golf League (WGL) "Where Anyone Can Play For Pay".
  • On November 25, 2002, Bauer Partnership Inc announced that it's Board of Directors has authorized the repurchase of up to 10,000,000 of its shares of its common stock representing approximately 20% of the outstanding shares of the company.
  • By November 26, 2002, The Bauer Partnership, Inc. announced that it completed its due diligence pursuant to the letter of intent it had signed last week to acquire the World Golf League (WGL). "Where Anyone Can Play For Pay".
  • On December 2, 2002, The Bauer Partnership, Inc. announced that it signed a Binding Letter of Intent to acquire the issued and outstanding shares of Wimbledon Unreal Grass Pty. Ltd., an Australian private company, as part of its plan to capitalize on the multi-billion dollar sports and leisure industry.
  • Wimbledon Unreal Grass is one of the worlds leading suppliers of high quality synthetic grass for Football, Golf, Cricket, Soccer, Rugby, Leisure, Multi purpose and Tennis courts. Wimbledon's factories are located in Melbourne, Australia with HQ's in Hong Kong. It is the recipient of the Australian governments export award for its export of quality Synthetic Sports and Leisure Grass to the Asia Pacific region. Current estimated year end revenues will exceed $4 million USD.
  • F3 Fitness, LLC is the owner of the nutritional supplement, Fat to Fit. Fat to Fit is a state of the art nutritional supplement that contains anti- aging and skin toning agents designed to rejuvenate your skin while you tighten and tone your muscles.
  • On December 5, 2002, The Bauer Partnership, Inc. announced that it entered the $34 Billion Health and Fitness Industry with the 33.3% acquisition of the issued and outstanding membership interests of F3 Fitness, LLC.
  • Bauer acquired 33.3% of F3 Fitness, LLC in exchange for 1 million restricted shares of The Bauer Partnership, Inc. common stock, with a One-Year Lock-Up provision and in addition financial advisory and marketing services. Future plans will call for a proposed spin-off into a public vehicle.
  • On December 10, 2002, the Bauer Partnership, Inc. announced that it has signed an agreement with MSI, Inc. of Orlando, FL, a large Orlando based fulfillment center to handle live telephone orders, on-line orders, payment processing and product shipping of F3 Fitness's Nutritional Supplement, "Fat to Fit."
  • On December 11, 2002, the Bauer Partnership, Inc. announced that it has entered the $27 Billion Dollar Gourmet Food Industry with the 33.3% acquisition of the issued and outstanding membership interests of Caviar Universe LLC.
  • Caviar Universe is the owner and operator of the website www.caviaruniverse.com, which is expected to be fully operational next week and will sell some in excess of forty value-priced gourmet items, which will be shipped worldwide out of their bonded warehouse facility in New York State.
  • Bauer will contribute the marketing expertise and services to the company and plans a major marketing campaign, slated to start next week. In consideration for these services Bauer receives 1/3 of the membership interests in Caviar Universe LLC.
  • On December 16, 2002, The Bauer Partnership, Inc. announced that it plans to enter the $60 Billion Dollar Annual Debt Purchasing Market with the formation of a wholly owned subsidiary, Bauer Debt Purchasing Corp.
  • Bauer Debt Purchasing Corp. was formed as a wholly owned subsidiary of The Bauer Partnership, Inc., for the purpose of acquiring large non-performing debt portfolios. These portfolios range from bank debt to credit card debt. Average debtor ranges are between $1,500 to $2,000. Bauer plans to acquire these large portfolios by utilizing its common stock as a currency and acquiring such debt at large discounts in bulk amounts. Bauer Debt will then enter into revenue sharing agreements with various national collection agencies in order to convert such portfolios into performing debt.
  • On December 16, 2002, The Bauer Partnership, Inc. updated its status with Ocean Strategic Holdings Ltd. and Turbo International Ltd. The Bauer Partnership, Inc. previously entered into a settlement agreement and mutual release with Ocean Strategic Holdings Ltd. and Turbo International Ltd. relating to the repayment of a $250,000 loan. The Bauer Partnership has made several payments to Ocean Strategic Holdings and Turbo International and currently owes these parties an aggregate of $120,000 principal and approximately $25,000 in interest and penalties.
  • On December 17, 2002, The Bauer Partnership, Inc. announced that it has entered into an agreement through Bauer Debt Purchasing Corp., a wholly owned subsidiary of The Bauer Partnership, Inc., to acquire a $30,000,000 Bank and Credit Card Debt portfolio from a large Swiss Investment Group, EH & P Investments AG of Zurich, Switzerland. The $30,000,000 debt portfolio is comprised of US based debtors, averaging $1,600 per debtor and approximately 19,000 debtors.
  • Bauer has acquired the $30,000,000 debt portfolio for $2,000,000 in restricted shares. The 10M shares will be issued at $0.20 per share and pursuant to a two-year lock-up agreement.
Management   
 
  Name   Title
   F.  Bryson  Farrill    CB
   Jacques  Fischer    COO/DIR
   Ronald  J  Bauer    FND/CEO/DIR
   Joseph  T  Bauer    DIR
   G  Reed  Peterson    BO

 

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