SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
|X| QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the Quarterly Period ended June 30, 2002
OR
|_| TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number: 33-18099-NY and 33-23169-NY
QUEST PRODUCTS CORPORATION
(Exact Name of small business issuer as specified in its charter)
DELAWARE 11-2873662
(State or other jurisdiction of (IRS Employer I.D. No.)
Incorporation or organization)
6900 Jericho Turnpike, Syosset, New York 11791
(Address of principal executive offices)
Issuer's telephone number, including area code: (516) 364 - 3500
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) filed all reports required to
be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934, during
the preceding 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 the number of shares outstanding of each of the issuer's classes of
Common Stock, as of the last practicable date.
Class Outstanding at June 30, 2002
----------------------- ----------------------------
Common Stock, par value 232,338,334
$.00003 per share
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
INDEX
PART 1 - FINANCIAL INFORMATION
Page
----
Item 1 Consolidated Financial Statements
Report of Independent Accountants 3
Consolidated Balance Sheet (unaudited) 4 - 5
Consolidated Statements of Operations (unaudited) 6 - 7
Consolidated Statements of Cash Flows (unaudited) 8
Notes to Consolidated Financial Statements 9 - 11
Item 2 Management's Discussion and Analysis 12 - 14
PART II - OTHER INFORMATION
Item 1 Legal Proceedings 14
Item 2 Changes in Securities 15
Item 3 Defaults upon Senior Securities 16
Item 4 Submission of Matters to a Vote of Security Holders 16
Item 5 Other Information 16
Item 6 Exhibits and Reports on Form 8-K 16
Signatures 16
2
PART I - FINANCIAL INFORMATION
Item 1. Consolidated Financial Statements
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders
Quest Products Corporation and Subsidiaries
We have reviewed the accompanying consolidated balance sheet of Quest Products
Corporation and Subsidiaries as of June 30, 2002 and the related consolidated
statements of operations for each of the three and six month periods ended June
30, 2002 and 2001 and consolidated statement of cash flows for the six months
ended June 30, 2002 and 2001 as set forth in the accompanying unaudited
consolidated financial statements. These consolidated financial statements are
the responsibility of the Company's management.
We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with auditing standards generally accepted in the United States of
America, the objective of which is the expression of an opinion regarding the
financial statements taken as a whole. Accordingly, we do not express such an
opinion.
Based on our review, we are not aware of any material modifications that should
be made in the accompanying consolidated financial statements for them to be in
conformity with accounting principles generally accepted in the United States of
America.
The accompanying consolidated financial statements have been prepared assuming
that the Company will continue as a going concern. As discussed in Note 1 to the
financial statements, the Company has had recurring net operating losses since
its inception, has relied upon debt and equity financing to provide funds for
operations and, as of June 30, 2002, current liabilities exceed current assets
by $1,439,180. These conditions raise substantial doubt about the Company's
ability to continue as a going concern. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.
RAICH ENDE MALTER & CO. LLP
East Meadow, New York
August 6, 2002
3
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheet
June 30, 2002
(Unaudited)
Assets
Current Assets
Cash $ 1,822
Inventory 25,492
Prepaid expenses 2,693
--------
30,007
--------
Investment in Unconsolidated Subsidiary 1,677
Furniture and Equipment - at cost - net of accumulated
depreciation of $59,877 12,096
Deferred Royalties 10,000
License acquisition cost - net of accumulated
amortization of $6,591 27,409
Patents - at cost - net of accumulated amortization
of $24,760 24,675
Security Deposits 405
--------
76,262
--------
$106,269
========
4
See accompanying notes and accountants' report.
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheet
June 30, 2002
(Unaudited)
Liabilities and Shareholders' (Deficit)
Current Liabilities
1992 convertible debentures - including accrued interest
of $10,400 $ 20,400
Accounts payable 252,255
Due to officers and directors 1,010,788
Loans from shareholders - including accrued interest
of $15,067 163,067
Accrued expenses and other current liabilities 22,677
-----------
1,469,187
-----------
Shareholders' (Deficit)
Convertible Preferred Stock - par value $.00003 -
authorized 10,000,000 shares - no shares issued and
outstanding --
Common Stock - par value $.00003 - authorized
390,000,000 shares - 232,338,334 shares issued and
outstanding 6,970
Capital in excess of par 5,912,954
Accumulated (deficit) (7,282,842)
-----------
(1,362,918)
-----------
$ 106,269
===========
5
See accompanying notes and accountants' report.
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
For the Six Months Ended
June 30,
------------------------------
2002 2001
------------------------------
Sales - net $ 3,451 $ 4,229
Cost of Sales 279 349
------------- -------------
3,172 3,880
------------- -------------
Research and Development Expenses 78,550 107,653
Selling Expenses 16,738 17,606
General and Administrative Expenses 259,189 308,392
------------- -------------
354,477 433,651
------------- -------------
(Loss) Before Other Income (Expenses) (351,305) (429,771)
------------- -------------
Other Income (Expenses)
Write-off of discount on debt (34,000) (34,000)
Interest (expense) (7,095) (3,972)
Write-off of deferred registration costs -- (25,000)
Loss on investment in unconsolidated subsidiary (82) (82)
------------- -------------
(41,177) (63,054)
------------- -------------
Net (Loss) $ (392,482) $ (492,825)
============= =============
Basic and Diluted Net (Loss) Per Share $ NIL $ NIL
============= =============
Weighted Average Number of Shares
Outstanding (to nearest 1,000,000) 232,000,000 226,000,000
6
See accompanying notes and accountants' report.
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Consolidated Statements of Operations
(Unaudited)
For the Quarter Ended
June 30,
------------------------------
2002 2001
------------------------------
Sales - net $ 1,456 $ 1,955
Cost of Sales 118 165
------------- -------------
1,338 1,790
------------- -------------
Research and Development Expenses 36,575 74,083
Selling Expenses 7,950 7,348
General and Administrative Expenses 118,372 155,240
------------- -------------
162,897 236,671
------------- -------------
(Loss) Before Other Income (Expenses) (161,559) (234,881)
------------- -------------
Other Income (Expenses)
Write-off of deferred registration costs -- (25,000)
Interest (expense) (3,950) (2,407)
Loss on investment in unconsolidated subsidiary (41) (41)
------------- -------------
(3,991) (27,448)
------------- -------------
Net (Loss) $ (165,550) $ (262,329)
============= =============
Basic and Diluted Net (Loss) Per Share $ NIL $ NIL
============= =============
Weighted Average Number of Shares
Outstanding (to nearest 1,000,000) 232,000,000 228,000,000
============= =============
7
See accompanying notes and accountants' report.
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(Unaudited)
For the Six Months Ended
June 30,
------------------------
2002 2001
------------------------
Cash Flows from Operating Activities
Net (loss) $(392,482) $(492,825)
Adjustments to reconcile net (loss) to net cash
(used for) operating activities:
Depreciation 3,788 5,296
Amortization 3,953 2,665
Warrants issued for compensation 73,150 58,575
Write-off of deferred registration costs -- 25,000
Write-off of discount on debt 34,000 34,000
Accrued interest 7,095 3,972
Equity in net loss of unconsolidated subsidiary 82 82
(Increase) decrease in:
Inventories 278 349
Prepaid expenses 573 --
Increase (decrease) in:
Accounts payable 19,024 5,512
Accrued officer compensation 171,230 117,484
Accrued expenses and other current liabilities (3,846) 18,500
--------- ---------
(83,155) (221,390)
--------- ---------
Cash Flows from Financing Activities
Proceeds from issuance of common stock 1,333 235,000
Proceeds of loans from shareholders 48,000 100,000
--------- ---------
49,333 335,000
--------- ---------
Net Increase (Decrease) in Cash (33,822) 113,610
Cash - beginning 35,644 38,892
--------- ---------
Cash - end $ 1,822 $ 152,502
========= =========
8
See accompanying notes and accountants' report.
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
June 30, 2002
1. BACKGROUND AND STATUS OF THE COMPANY
Quest Products Corporation (the "Company") was organized as a Delaware
Corporation on July 17, 1987 and operated as a development stage company
through 1993. The Company has two wholly-owned subsidiaries, The
ProductIncubator.Com, Inc. and Rainbow Shades, Inc., and a majority-owned
subsidiary, Wynn Technologies, Inc., through which it intends to identify
and bring to the marketplace unique proprietary consumer products. The
Company also continues to market and distribute its patented "Phase-Out"
system smoking cessation device (the "PhaseOut device") both domestically
and internationally.
During 1999, the Company entered into a License Agreement with the holders
of a patent for the exclusive worldwide license to make, use and sell
inventions related to an adjustable lens product such as sunglasses, ski
goggles or diving masks. In March 2001, the Company amended this License
Agreement to extend its terms. As compensation, the Company agreed to
allow the holders of the patent to exercise their warrants at no cost. The
value of this amendment, added to the License Acquisition Cost, was the
excess of the fair value of the stock issued over the fair value (using
the Black-Scholes option pricing method) of the warrants cancelled. In
June 2000, the Company entered into a comprehensive agreement with Opsales
and its President and Vice President, Sidney and Dean Friedman, to
manufacture and distribute the Company's rotatable variable polarized
lenses to be used in the Company's new sunglass product.
In connection with its November 2, 2000 investment agreement with Domain
Investments, Inc., the Company decided, on July 31, 2002, not to file an
SB2 registration which, accordingly, terminates this agreement.
On July 31, 2002, the Company entered into a six-month consulting
agreement with Tribe Communications, Inc., an investment banking firm
specializing in webcasting, exposure, corporate consulting and finance.
Tribe will provide guidance and assistance in raising awareness, educating
potential investors, retail support and capital formation. The Company
issued 700,000 shares to Tribe upon the execution of this agreement.
Additional compensation is dependent upon Tribe's assistance in raising
capital for the Company. Such compensation could aggregate $125,000 in
stock or cash, plus 5% of the total investment received by the Company.
During 2000, the Company developed a multi-account card system which will
allow a subscribing card holder to access all of their Credit card, Debit
card, frequent flyer, telephone calling card and other membership accounts
by using one plastic "smart" credit card which will be commercialized and
marketed under the name "BIG1CARD"(TM). The multiple account card system
is protected by United States Patent No. 5,859,419 which was obtained by
the system's inventor, Sol H. Wynn.
9
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
June 30, 2002
As part of the BIG1CARD(TM), a new corporation was formed by the Company,
named Wynn Technologies Inc. ("Wynn Tech"), which has now acquired all
right, title and interest to the Wynn patent. Therefore, Wynn Technologies
Inc. has the exclusive rights in the United States to make, use, offer and
sell this new multi-account card system. Wynn Tech is owned 65% by Quest
Products Corporation and 35% by Mr. Wynn. The Company's 65% interest is
subject to the resolution of certain contingencies. Accordingly, the
Company is not currently consolidating this subsidiary. There would be
no effect on the Company's equity or operations if this subsidiary was
consolidated.
The Company also applied for additional patent claims to further enhance
the BIG1CARD(TM) technology. In August 2001, Quest received an official
notice from the United States Patent and Trademark Office that the
Company's application to add 25 additional claims to its multi-account
credit card system patent will be allowed.
On March 1, 2001, the Company signed a five-year Consulting Agreement with
Alex W. Hart to serve as a Special Consultant to the Company on the
development and commercialization of Wynn Technologies, Inc.'s patented
Big1Card(TM) technology. The five-year Consulting Agreement called for Mr.
Hart to receive options to purchase 5 million shares of the Company's
stock, which can be exercised at any time during the five-year Agreement,
either on a cash or cashless basis. Two million options have been issued
at $.10; 1 million options issued at $.15; 1 million options at $.20; and
1 million options at $.30. The fair value of these options is being
amortized over the life of the consulting agreement. Quest, through its
unconsolidated subsidiary, Wynn Technologies, Inc., owns all rights to the
Big1Card(TM) patent, U. S. Patent No. 5,859,419. Mr. Hart's duties will be
to use his best efforts to locate and approach appropriate organizations
to participate in the Company's Big1Card(TM) project. This will include
introducing the Company and assisting in completing agreements with all
such organizations.
The 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 over a
reasonable length of time. The Company has had recurring net operating
losses since its inception and has made use of privately-placed debt and
equity financing to provide funds for operations. As of June 30, 2002,
current liabilities exceed current assets by $1,439,180. Those factors, as
well as the Company's inability thus far to establish a marketable
product, create an uncertainty about the Company's ability to continue as
a going concern. The Company has intentions of expanding and refining its
marketing efforts to include other products. In addition, the Company is
continuing its efforts to obtain long-term financing through the issuance
of long-term debt and equity securities. The consolidated financial
statements do not include any adjustments that might be necessary should
the above or other factors affect the Company's ability to continue as a
going concern.
10
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)
June 30, 2002
2. UNAUDITED INTERIM STATEMENTS
The accompanying unaudited consolidated financial statements of the
Company have been prepared in accordance with the instructions to Form
10-QSB and do not include all of the information and footnotes required by
accounting principles generally accepted in the United States of America
for complete financial statements. In the opinion of management, all
adjustments (which consist only of normal recurring adjustments) necessary
for a fair presentation have been included.
Operating results for the three and six months ended June 30, 2002 are not
necessarily indicative of the results to be expected for the year ending
December 31, 2002. These consolidated financial statements and notes
should be read in conjunction with the financial statements and notes
thereto included in the Company's annual report on Form 10-KSB for the
year ended December 31, 2001.
Certain amounts from prior years have been restated to conform to the
current year's presentation. Those reclassifications have no effect on the
previously reported loss.
3. BASIC AND DILUTED EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing net income (loss)
by the weighted average numbers of shares of common stock outstanding
during the period. Diluted earnings (loss) per share is computed giving
effect to all dilutive potential common shares that were outstanding
during the period. Dilutive potential common shares consist of the
incremental common shares issuable upon the exercise of warrants and
options.
For the six months ended June 30, 2002 and 2001, potentially dilutive
securities of approximately 9,000,000 and 33,000,000 shares that related
to shares issuable upon the exercise of warrants and options granted by
the Company were excluded, as their effect was antidilutive.
4. RELATED PARTY TRANSACTIONS AND ISSUANCES OF EQUITY SECURITIES
The Company received loans from Shareholders in the amount of $48,000
during the six months ended June 30, 2002. The loans are payable on demand
plus accrued interest at 10% per annum. In connection with these loans,
the shareholders were issued warrants to purchase 2,000,000 shares at $.02
per share. The portion of the proceeds allocable to the warrants was
accounted for as paid-in capital. The corresponding discount was written
off as these loans are payable on demand.
11
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Item 2 - Management's Discussion and Analysis
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements. All statements other than statements of historical
fact in this report are forward-looking statements. Such forward-looking
statements are based on the current beliefs of management and involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Quest Products Corporation to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, the following: Quest's history of losses; the need to obtain
additional financing and the ability to obtain such financing; and uncertainties
relating to business and economic conditions in markets in which Quest operates.
The words, believe, expect, anticipate, intend and plan and similar expressions
identify forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
the statement was made.
The Company intends, through its newly incorporated subsidiaries, to identify
and bring to the marketplace, unique proprietary consumer products.
Results of Operations
Six Months Ended June 30, 2002 Compared
to Six Months Ended June 30, 2001
The Company incurred a net loss of $392,482 for the six months ended June 30,
2002 as compared to a loss of $492,825 for the six months ended June 30, 2001.
Sales remained approximately at the same level in 2002 and 2001, respectively.
The Company's sales continue to be primarily generated via e-commerce.
The Company sold 173 and 217 PhaseOut units in 2002 and 2001 respectively at an
average price of approximately $20 per unit. The cost per unit sold was $1.61 in
2002 and 2001, respectively.
The Company's research and development expenses decreased by $29,103 from
$107,653 in 2001 to $78,550 in 2002. The decrease is attributable to an
approximate $16,000 decrease related to the Company's sunglass project and an
approximate $13,000 decrease related to the Company's Smartcard project.
The Company's selling expenses decreased by $868 from $17,606 in 2001 to $16,738
in 2002. The decrease was primarily in travel and entertainment expenses.
The Company's general and administrative expenses decreased by $49,203 from
$308,392 in 2001 to $259,189 in 2002. This decrease is attributable to a
decrease in salaries and consulting fees.
Interest expense increased by $3,123 from $3,972 in 2001 to $7,095 in 2002 due
to interest on additional loans from shareholders received during the first
quarter of 2002.
12
QUEST PRODUCTS CORPORATION AND SUBSIDIARIES
Management's Discussion and Analysis
Liquidity and Capital Resources
The Company has a working capital deficit at June 30, 2002 of $1,439,180 as
compared to a working capital deficit at December 31, 2001 of $1,163,004. During
the six months ended June 30, 2002, the Company used $83,155 in operating
activities and generated $49,333 from financing activities from loans from
shareholders in the amount of $48,000 and the exercise of warrants in the amount
of $1,333. The Company currently has $1,822 in cash.
The Company has historically funded its cash flow needs through the sale of
equity securities in private placements. The Company has raised $1,339,700 since
July of 1997 through such private placements and will attempt to raise
additional cash in a similar manner to fund its ongoing operations.
In October 1999, the Company successfully completed development of adjustable
polarized sunglasses which allow the wearer to change the color of the sunglass
lenses to a variety of colors without changing the lenses or altering the frame.
The Company expects to initially produce 1,000 pair of sunglasses funded through
an outside source to be sold mainly to Company shareholders. The proceeds of
these initial sales will be used to repay the outside funding sources and fund
future research and development expenditures and continued production. Cash paid
for further research and development expenditures related to the sunglass
project is not expected to exceed $50,000 during 2002.
During 2000, the Company acquired the rights to and developed a multi-account
card system which will allow a subscribing card holder to access all of their
Credit card, Debit card, frequent flyer, telephone calling card and other
membership accounts by using one plastic "smart" credit card which will be
commercialized and marketed under the name "BIG1CARD"(TM). On March 1, 2001, the
Company signed a five-year Consulting Agreement with Alex W. Hart to serve as a
Special Consultant to the Company on the development and commercialization of
the Company's patented Big1Card(TM) technology. Quest, through its
unconsolidated subsidiary, Wynn Technologies, Inc., subject to the resolution of
certain contingencies, owns all rights to the Big1Card(TM) patent, U. S. Patent
No. 5,859,419. Mr. Hart's duties will be to use his best efforts to locate and
approach appropriate organizations to participate in the Company's Big1CardTM
SmartCard project. This will include introducing the Company and assisting in
completing agreements with all such organizations.
13
In January 2001, the Company filed a reissue application to significantly
broaden its patent rights for its multi-account credit card system. In August
2001, the Company received an official notice from the United States Patent and
Trademark Office that the Company's application to add 25 additional claims to
its multi-account credit card system patent will be allowed. In light of this
favorable action of the Patent Office on the Company's application, the original
7 patent claims will be enlarged to a total of 32 claims. The Company's
management believes the Patent Office action allowing these additional 25 claims
significantly broadens and strengthens the Company's patent and materially
increases its value in the marketplace. The new claims allowed by the Patent
Office, when combined with the original claims, make it extremely unlikely that
a competitor will be able to design around or otherwise circumvent the Company's
patent in launching a smart card multi-account credit card system and best
insures that no one else in the United States will be able to commercialize a
multi-account credit card system without obtaining license rights from the
Company. The Company's patent, which has a 1995 priority date is, to their
knowledge, the only U.S. patent which covers a multi-account credit card system
employing a processing chip and on-board memory. In addition, Quest Products
Corporation is in the process of contacting corporations in order to apply the
Company's patented multi-account credit card system to the myriad of security
issues facing Government and industry. Cash paid for further research and
development expenditures related to the Big1Card(TM) smart card project in 2002
is not expected to exceed $25,000. The Company intends to use the profits from
this venture to fund the Company's other ventures.
On July 31, 2002, the Company entered into a six-month consulting agreement with
Tribe Communications, Inc., an investment banking firm specializing in
webcasting, exposure, corporate consulting and finance. Tribe will provide
guidance and assistance in raising awareness, educating potential investors,
retail support and capital formation. The Company issued 700,000 shares to Tribe
upon the execution of this agreement. Additional compensation is dependent upon
Tribe's assistance in raising capital for the Company. Such compensation could
aggregate $125,000 in stock or cash, plus 5% of the total investment received by
the Company.
PART II - OTHER INFORMATION
Item 1. Legal Proceedings
None
14
Item 2. Changes in Securities
Recent Sales of Unregistered Securities
During the Six Months ended June 30, 2002, we made the following sales of
unregistered securities:
Consideration Received and If Option, Warrant or
Description of Underwriting or Convertible Security,
Type of Number Other Discounts to Market Price Exemption from Terms of Exercise or
Date of Sale Security Sold Afforded to Purchasers Registration Claimed Conversion
------------ -------- ---- ---------------------- -------------------- ----------
3/14/02 2 3,500,000 Warrants issued to Directors in 4(2) Exercisable through
connection with Board services. February 28, 2005 at
No cash consideration received an exercise price of
until exercise. $.143 per share.
3/14/02 2 3,500,000 Warrants issued to Directors in 4(2) Exercisable through
connection with Board services. February 15, 2006 at
No cash consideration received an exercise price of
until exercise. $.09 per share.
3/14/02 2 3,500,000 Warrants issued to Directors in 4(2) Exercisable through
connection with Board services. February 15, 2007 at
No cash consideration received an exercise price of
until exercise. $.03 per share.
3/15/02 2 2,000,000 Warrants issued in connection 4(2) Exercisable through
with private placement. No cash March 15, 2005 at an
consideration received until exercise price of
exercise. $.02 per share.
4/2/02 1 133,333 Common stock issued pursuant to 4(2) Not Applicable.
warrants issued February 15,
1999. The common stock was
issued at $0.01 per share. We
received proceeds of $1,333.
(1) Common Stock
(2) Warrants
15
Item 3. Defaults Upon Senior Securities
None
Item 4. Submission of Matters to a Vote of Security Holders
None
Item 5. Other Information
None
Item 6. Exhibits and Reports on Form 8-K
A) Exhibits
99.1 - Certification of CEO pursuant to Section 906 of
Sarbanes-Oxley Act of 2002
99.2 - Certification of CFO pursuant to Section 906 of
Sarbanes-Oxley Act of 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
QUEST PRODUCTS CORPORATION
Dated: August 14, 2002
/S/ Herbert M. Reichlin
---------------------------------
Herbert M. Reichlin, President
16