-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A9JMhJ0/4mPO0wVD8JTxIXj9WHoPwrHfcR2Z6GU1jWcW8FiJpCJSupJjZs0i1cRs /mU1FpcVa8XWXglvRP604g== 0001137050-05-000369.txt : 20051212 0001137050-05-000369.hdr.sgml : 20051212 20051209181500 ACCESSION NUMBER: 0001137050-05-000369 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050228 FILED AS OF DATE: 20051212 DATE AS OF CHANGE: 20051209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNBURST ACQUISITIONS III INC CENTRAL INDEX KEY: 0001046120 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 841432001 STATE OF INCORPORATION: CO FILING VALUES: FORM TYPE: 10QSB SEC ACT: 1934 Act SEC FILE NUMBER: 000-23559 FILM NUMBER: 051256726 BUSINESS ADDRESS: STREET 1: 4807 S ZANG WAY CITY: MORRISON STATE: CO ZIP: 80465 BUSINESS PHONE: 3039792404 10QSB 1 suniifeb05.htm

                              UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                               Form 10-QSB

(Mark One)
X...Quarterly report under section 13 or 15(d) of the Securities
Exchange Act of 1934 for the quarterly period ended February 28, 2005.

 ....Transition report under section 13 or 15(d) of the Securities
Exchange Act of 1934 [No Fee Required] for the transition period
from _________ to _________.



Commission File No:   0-23559

                      SUNBURST ACQUISITIONS III, INC.
                 ---------------------------------------
                 (Name of small business in its charter)


      Colorado                              84-14320001
- ----------------------               -----------------------
(State or other                      (IRS Employer Id.  No.)
jurisdiction of Incorporation)

Bellemarc Building, 1912 Sidewinder Drive, Suite 200-A  Park City, UT 84060
- ---------------------------------------------------------------------------
(Address of Principal Office)                                      Zip Code


Issuer's telephone number:    (435) 615-6585


Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Securities 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 is a shall company
(as defined in Rule 12b-2 of the Exchange Act).

 Yes __X__  No _____

Applicable only to issuers involved in bankruptcy proceedings during
the past five years

Check whether the issuer has filed all documents and reports required
to be filed by Section 12, 13 or 15(d) of the Exchange Act after the
distribution of securities under a plan confirmed by a court.

  Yes __X___ No _____

Applicable only to corporate issuers

State the number of shares outstanding of each of the issuer's classes
of common equity, as of the latest practicable date.  At February 28,
2005, 33,303,840 shares were outstanding.

Transitional Small Business Disclosure
Format (Check one):
Yes _____     No __X__


					1
<PAGE>

PART 1 - FINANCIAL INFORMATION



ITEM 1.  FINANCIAL STATEMENTS AND EXHIBITS

       (a)  The financial statements of registrant for the
three months ended February 28, 2005, follow.  The financial statements
reflect all adjustments which are, in the opinion of management,
necessary to a fair statement of the results for the interim period
presented.



                      SUNBURST ACQUISITIONS III, INC.

                          FINANCIAL STATEMENTS

                            February 28, 2005













					2


<PAGE>


                        SUNBURST ACQUISITIONS III, INC.

                         (A Development Stage Company)

                                 BALANCE SHEET
                               February 28, 2005
                                 (Unaudited)


ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                         $      53
                                                     ---------

     Total current assets                                   53
                                                     ---------


     TOTAL ASSETS                                    $      53
                                                     =========

  LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
   Accounts payable                                  $   2,394
   Notes payable - related party                        23,041
                                                     ---------

     Total current liabilities                          25,435

STOCKHOLDERS' EQUITY (DEFICIT)
   Preferred stock, no par value
     20,000,000 shares authorized;
     no shares issued and outstanding                        -
   Common stock, no par value;
     100,000,000 shares authorized;
     33,303,840 shares issued and
     outstanding                                     2,020,435
   Additional paid-in capital                           50,430
   Deficit accumulated
     during the
     development stage                              (2,096,247)
                                                     ---------
     Total stockholders' deficit                       (25,382)
                                                     ---------
     TOTAL LIABILITIES AND STOCKHOLDERS'
       DEFICIT                                       $      53
                                                     =========



The accompanying notes are an integral part of the financial statements.

                                   F-1


<PAGE>

                                           SUNBURST ACQUISITIONS III, INC.

                                            (A Development Stage Company)
                                               STATEMENTS OF OPERATIONS
                                                    (Unaudited)



                             Period
                        August 27, 1997          For the three months           For the six months
                        (inception) to         ended February 28 and 29,     ended February 28 and 29,
                       February 28, 2005           2005         2004             2005         2004
                       -----------------       -----------  -----------      -----------  -----------

REVENUES                $          1,067       $         -  $         -      $         -  $         -
                       -----------------       -----------  -----------      -----------  -----------

EXPENSES
  Amortization                       300                 -            -                -            -
  Consulting fees                  7,328             1,269            -            2,394            -
  General office                   2,322                21            7               95           15
  Legal fees                      46,637               319            -              749            -
  Professional fees               26,380                 -            -                -            -
  Rent                             4,500               150          150              300          300
  Taxes and licenses                 132                 -            -                -            -
  Transfer agent                   9,715                 -       (1,500)             167         (378)
  Valuation allowance          2,000,000                 -            -                -            -
                       -----------------       -----------  -----------      -----------  -----------

      Total expense            2,097,314             1,759       (1,343)           3,705          (63)
                       -----------------       -----------  -----------      -----------  -----------

NET INCOME(LOSS)              (2,096,247)           (1,759)       1,343           (3,705)          63


Accumulated deficit
  Balance, Beginning
  of period                            -        (2,094,488)  (2,068,853)      (2,092,542)   (2,067,716)
                       -----------------       -----------  -----------      -----------   -----------

  Balance,
  end of period        $      (2,096,247)      $(2,096,247) $(2,067,510)     $(2,096,247)  $(2,067,653)
                       =================       ===========  ===========      ===========   ===========
NET INCOME(LOSS)
PER SHARE              $           (0.06)      $     (0.00) $      0.00      $     (0.00)  $      0.00
                       =================       ===========  ===========      ===========   ===========

WEIGHTED AVERAGE NUMBER
  OF SHARES OF COMMON
  STOCK AND COMMON STOCK
  EQUIVALENTS
  OUTSTANDING                 34,072,422        33,303,840   33,303,840       33,303,840    33,303,840
                       =================       ===========  ===========      ===========   ===========





                      The accompanying notes are an integral part of the financial statements.

					F-2
<PAGE>



                                     Sunburst Acquisitions III, Inc.
                                      (A Development Stage Company)
                                        STATEMENTS OF CASH FLOWS
                                             (Unaudited)



                                        Period
                                    August 27, 1997          For the six months
                                    (inception) to            ended February 28,
                                  February 28, 2005            2005        2004
                                  -----------------        -----------  -----------

CASH FLOWS FROM
    OPERATING ACTIVITIES:

  Net Loss                        $      (2,096,247)       $    (3,705) $       63
  Adjustments to reconcile
     net loss to net cash flows
     from operating activities:
    Amortization                                300                  -           -
    Rent expense                              3,000                  -           -
    Stock issued for
     consulting fees                          4,935                  -           -
    Increase(Decrease) in
     accounts payable                         2,394             (3,201)     (1,878)
    Increase(Decrease) in
     notes payable                           23,042              6,559           -
                                  -----------------        -----------  ----------
  Net cash flows from
   operating activities                  (2,062,576)              (347)     (1,815)

CASH FLOWS FROM
    INVESTING ACTIVITIES

  Increase in organization costs               (300)                 -           -
                                  -----------------        -----------  ----------

  Net cash flows from
   investing activities                        (300)                 -           -

CASH FLOWS FROM
    FINANCING ACTIVITIES

  Issuance of common stock                2,007,500                  -           -
  Issuance of preferred stock                 8,000                  -           -
  Additional paid-in capital                 47,329                400       1,825
                                  -----------------        -----------  ----------

  Net cash flows from
   financing activities                   2,062,929                400       1,825
                                  -----------------        -----------  ----------

  Net increase in cash and
    cash equivalents                             53                 53          10

CASH AND CASH EQUIVALENTS,
  Beginning of Period                             -                  -           8
                                  -----------------        -----------  ----------

CASH AND CASH EQUIVALENTS,
 End of Period                    $              53        $        53  $       18
                                  =================        ===========  ==========





                The accompanying notes are an integral part of the financial statements.

                                           F-3
<PAGE>




                          Sunburst Acquisitions III, Inc.

                          (A Development Stage Company)
                          NOTES TO FINANCIAL STATEMENTS
                                February 28, 2005
                                  (Unaudited)


1.  Management's Representation of Interim Financial Information
    ------------------------------------------------------------

The accompanying financial statements have been prepared by Sunburst
Acquisitions III, Inc. without audit pursuant to the rules and regulations of
the Securities and Exchange Commission.  Certain information and footnote
disclosures normally included in financial statements prepared in accordance
with generally accepted accounting principles have been condensed or omitted
as allowed by such rules and regulations, and management believes that the
disclosures are adequate to make the information presented not misleading.
These financial statements include all of the adjustments which, in the opinion
of management, are necessary to a fair presentation of financial position and
results of operations.  All such adjustments are of a normal and recurring
nature.  These financial statements should be read in conjunction with the
audited financial statements at August 31, 2004.




					F-4




<PAGE>




Item 2.         MANAGEMENT'S DISCUSSION AND ANALYSIS OR
                PLAN OF OPERATIONS.

SPECIAL NOTE OF CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this report, including statements in the
following discussion, which are not statements of historical fact, are
what are known as "forward-looking statements," which are basically
statements about the future. For that reason, these statements involve
risk and uncertainty since no one can accurately predict the future.
Words such as "plans," "intends," "will," "hopes," "seeks," "anticipates,"
"expects," and the like, often identify such forward-looking statements,
but are not the only indication that a statement is a forward-looking
statement. Such forward-looking statements include statements concerning
our plans and objectives with respect to the present and future operations
of the Company, and statements which express or imply that such present and
future operations will or may produce revenues, income or profits. Numerous
factors and future events could cause the Company to change such plans and
objectives, or fail to successfully implement such plans or achieve such
objectives, or cause such present and future operations to fail to produce
revenues, income or profits.

Therefore, the reader is advised that the following discussion should be
considered in light of the discussion of risks and other factors contained in
this report on Form 10QSB and in the Company's other filings with the Securities
and Exchange Commission. No statements contained in the following discussion
should be construed as a guarantee or assurance of future performance or future
results.

Liquidity and Capital Resources

As of February 28, 2005, the Company remains in the development stage. For the
period ended February 28, 2005, the Company's balance sheet reflects current and
total assets of $ 53, and current liabilities of $25,435.

Results of Operations

During the period from August 27, 1997 (inception) through February 28, 2005, the
Company has accumulated a deficit of $2,078,454. This deficit is primarily the
result of a $2,000,000 valuation allowance taken against a promissory note from
American Recruitment Conferences, Inc., a California corporation ("ARC") and
Workseek.com, Inc., a California corporation ("Workseek"). The promissory note
was issued to the Company to evidence a loan made in conjunction with execution
of an Agreement and Plan of Reorganizaton with ARC and Workseek, dated August 30,
1999. The proposed transaction was not consummated and recovery of the amount due
under the promissory note was doubtful. As a result, as of August 31, 2000, the
promissory note receivable was offset by a full allowance for realization.

During the period from inception to February 28, 2005, the Company has engaged in
no significant operations other than organizational activities, acquisition of
capital, preparation and filing of the registration of its securities under the
Securities Exchange Act of 1934, as amended, compliance with its periodical
reporting requirements, and efforts to locate a suitable merger or acquisition
candidate. No revenues were received by the Company during this period.

From the date of filing of its registration statement under the Securities Exchange
Act of 1934 (December 29, 1997) until the end of the fourth quarter of its 2001
fiscal year, the Company filed all required periodic reports under the Securities
Exchange Act of 1934. After completing the filing of the report on Form 10KSB for
the fiscal year ended August 31, 2001, the Company ceased filing reports in order
to avoid incurring additional legal and accounting expenses.

After the 2001 fiscal year, the Company remained dormant throughout the fiscal
years ending August 31, 2002 and August 31, 2003. The Company incurred no expenses
for legal and accounting fees in 2002 and 2003, and it also ceased all efforts
related to seeking a suitable merger or acquisition candidate during the period
it remained dormant.

					7
<PAGE>

Plan of Operations and Need for Additional Financing

The Company's plan of operations since August 31, 2001 was to remain dormant in
order to avoid incurring legal and accounting fees related to compliance with its
reporting obligations. However, in February 2004 there was a change of control,
and the Company elected to begin taking the steps necessary to file all delinquent
reports and to once again become current in compliance with its reporting
obligations under the Securities Exchange Act of 1934. As of the date of filing of
this report on Form 10QSB for the period ended February 28, 2005, the Company has
completed the filing of all delinquent periodic reports and is current with its
periodic reporting obligations under the Securities Exchange Act of 1934.

For the fiscal year ending August 31, 2005, the Company's plan of operations is to
remain current in compliance with its reporting obligations under the Securities
Exchange Act of 1934 and to engage in efforts to locate a suitable merger or
acquisition candidate. The Company will require additional capital in order to pay
the costs associated with making required filings and seeking out suitable merger
or acquisition candidates.

No specific commitments to provide additional funds have been made by management
or other stockholders, and the Company has no current plans, proposals,
arrangements or understandings with respect to the sale or issuance of additional
securities prior to the location of a merger or acquisition candidate. Accordingly,
there can be no assurance that any additional funds will be available to the
Company to allow it to cover its expenses. Notwithstanding the foregoing, to the
extent that additional funds are required, the Company anticipates receiving such
funds in the form of advancements from current shareholders without issuance of
additional shares or other securities, or through the private placement of
restricted securities rather than through a public offering.

The Company may also seek to compensate providers of services by issuances of stock
in lieu of cash. For information as to the Company's policy in regard to payment
for consulting services, see "Certain Relationships and Transactions."


					8

<PAGE>

Item 3.         CONTROLS AND PROCEDURES

As of the filing date of this report, we carried out an evaluation, under the
supervision and with the participation of our chief executive officer and chief
financial officer, of the effectiveness of the design and operation of our
disclosure controls and procedures.  Based on this evaluation, our chief executive
officer and chief financial officer concluded that our disclosure controls and
procedures are effective in timely alerting management to material information
required to be included in our periodic SEC reports.  It should be noted that
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,
regardless of how remote.

In addition, there has been no change in our internal control over financial
reporting during the most recent fiscal quarter that has materially affected, or
is reasonably likely to materially affect, our internal control over financial
reporting.

					9

<PAGE>


PART II

ITEM 1.        LEGAL PROCEEDINGS

    None.

ITEM 2.        CHANGES IN SECURITIES AND USE OF PROCEEDS

    None.

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

    (a)        The following exhibits are filed herewith:

31.1 Certifications pursuant to Rule 13a-14(a) or 15d-14(a) under the
           Securities Exchange Act of 1934, as amended, as adopted pursuant
           to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1 Certifications pursuant to 18 U.S.C. Section 1350, as adopted
           pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.



					10

<PAGE>


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.



SUNBURST ACQUISITIONS III, INC.

By: /S/ Scott MacCaughern
Scott MacCaughern (Principal Executive Officer and Director)


Date: December 9, 2005











					11



EX-99.CERT 2 exh311.htm

CERTIFICATIONS

I, Scott MacCaughern, certify that:


1. I  have  reviewed  this quarterly report  on Form 10-QSB  of
Sunburst  Acquisitions III, Inc.;


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 small business issuer as of, and
for, the periods presented in this report;

4.         The small business issuer's other certifying officers and
I are responsible for establishing and maintaining disclosure
controls and procedures (as defined in Exchange Act Rules 13a-15(e)
and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the small
business issuer 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
small business issuer, 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)         designed such internal control over financial reporting,
or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation
of financial statements, for external purposes in accordance with
generally accepted accounting principles;

(c)         evaluated the effectiveness of the small business
issuer'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

(d)         Disclosed in this report any change in the small
business issuer's internal control over financial reporting that
occurred during the small business issuer's most recent fiscal
quarter (the small business issuer's fourth fiscal quarter in the
case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the small business issuer's
internal control over financial reporting; and

5.         The registrant's other certifying officer and I have
disclosed, based on our most recent evaluation, to the small
business issuer's auditors and the audit committee of the small
business issuer's board of directors (or persons performing the
equivalent functions):



<PAGE>

a)         all significant deficiencies in the design or operation
of internal controls which could adversely affect the small business
issuer'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
small business issuer's internal control over financial reporting.


 Date: December 9, 2005

 /S/ Scott MacCaughern
 (Principal Executive Officer and Director)




EX-99.906 CERT 3 ex321.htm


               CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
                     AS ADOPTED PURSUANT TO SECTION 906
                      OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Sunburst Acquisitions III, Inc.
(the "Company") on Form 10-QSB for the period ending February 28, 2005,
(the "Report"), I, Scott MacCaughern, Principal Executive Officer and
Director of the Company, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1)     The Report fully complies with the requirement 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 Company's financial position and results of
       operations.


December 9, 2005

/S/ Scott MacCaughern
Scott MacCaughern (Principal Executive Officer and Director)
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