-----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, K3HTtfcfCTgrIjJC4y8bXMUGtqo5ldJyA9XEVjSGtW6Bj4Wk86NVT3HSFXuFVltd JNam+x2dZrpmf2Ah6t/7BQ== 0001023175-10-000271.txt : 20100917 0001023175-10-000271.hdr.sgml : 20100917 20100916180031 ACCESSION NUMBER: 0001023175-10-000271 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20100831 FILED AS OF DATE: 20100917 DATE AS OF CHANGE: 20100916 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LZG INTERNATIONAL, INC. CENTRAL INDEX KEY: 0001126115 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 980234906 STATE OF INCORPORATION: FL FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-53994 FILM NUMBER: 101076768 BUSINESS ADDRESS: STREET 1: 455 EAST 400 SOUTH STREET 2: #5 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 BUSINESS PHONE: 435-674-1282 MAIL ADDRESS: STREET 1: 455 EAST 400 SOUTH STREET 2: #5 CITY: SALT LAKE CITY STATE: UT ZIP: 84111 FORMER COMPANY: FORMER CONFORMED NAME: LZG INTERNATIONAL, IN.C DATE OF NAME CHANGE: 20100302 FORMER COMPANY: FORMER CONFORMED NAME: LAZYGROCER COM DATE OF NAME CHANGE: 20001011 10-Q 1 lzg2011q1final.htm QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED AUGUST 31, 2010 FORM 10Q



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 10-Q


[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended August 31, 2010


[   ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from ___ to ___


Commission file number: 000-53994


LZG INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)


FLORIDA              

(State or other jurisdiction of incorporation or organization)

98-0234906

 (I.R.S.  Employer Identification No.)

455 EAST 400 SOUTH, SUITE #5 , SALT LAKE CITY, UTAH

(Address of principal executive offices)

84111

(Zip code)


Registrant’s telephone number, including area code:  (435) 674-1282

 

Indicate by check mark whether the registrant (1) has 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  [   ]   No [X]


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be sub mitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).   Yes  [  ]   No [  ]


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer [  ]

Non-accelerated filer [  ]

Accelerated filer [  ]

Smaller reporting company [X]


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  

Yes [X]   No [  ]


The number of shares outstanding of the registrant’s common stock as of September 8, 2010 was 250,556.








TABLE OF CONTENTS


PART I – FINANCIAL INFORMATION


Item 1.  Financial Statements

2

Balance Sheets

3

Statements of Operations

4

Statements of Cash Flows

5

Notes to the Financial Statements

6

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

7

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

8

Item 4.  Controls and Procedures

8


PART II – OTHER INFORMATION


Item 1A.  Risk Factors

9

Item 6.  Exhibits

10

Signatures

11




PART I – FINANCIAL INFORMATION


ITEM 1.  FINANCIAL STATEMENTS


The financial information set forth below with respect to our statements of operations for the three month periods ended August 31, 2010 and 2009 is unaudited.  This financial information, in the opinion of management, includes all adjustments consisting of normal recurring entries necessary for the fair presentation of such data.  The results of operations for the three month period ended August 31, 2010, are not necessarily indicative of results to be expected for any subsequent period.  





LZG INTERNATIONAL, INC.


(A Development Stage Company)


August 31, 2010



2







 

LZG International, Inc.

(A Development Stage Company)

Condensed Balance Sheets

(Unaudited)

 

 

 

 

 

 

 

Aug 31, 2010

 

May 31, 2010

 

 

 

 

 

 

ASSETS

 

 

 

 

 

CURRENT ASSETS

 

 

 

 

 

     Cash

 

$

4,939 

 

$

11,750 

 

         Total Current Assets

 

4,939 

 

11,750 

 

 

 

 

 

 

 

         TOTAL ASSETS

 

$

4,939 

 

$

11,750 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS' DEFICIT

 

 

 

 

 

CURRENT LIABILITIES

 

 

 

 

 

    ;  Accounts payable

 

$

5,125 

 

$

7,566 

 

            Total Current Liabilities

 

5,125 

 

7,566 

 

 

 

 

 

 

 

LONG TERM LIABILITIES

 

 

 

 

 

     Loan payable – officer

 

23,500 

 

23,500 

 

     Accrued interest - related party

 

1,007 

 

537 

 

          Total Long-term Liabilities

 

24,507 

 

24,037 

 

          Total Liabilities

 

29,632 

 

31,603 

 

 

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

 

 

 

    Preferred stock, $.001 par value, 20,000,000 shares authorized,

             none issued and outstanding

 

 

 

    Common Stock, $.001 par value; 100,000,000 shares authorized

         250,556  share s issued and outstanding

 

251 

 

251 

 

     Additional paid in capital

 

3,063,134 

 

3,063,134 

 

 &nb sp;    Deficit accumulated during the development stage

 

(3,088,078)

 

(3,083,238)

 

          Total stockholders' deficit

 

(24,693)

 

(19,853)

 

 

 

 

 

 

 

          TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT

 

$

4,939 

 

$

11,750 


 

 

The accompanying notes are an integral part of these financial statements



3







 

LZG International, Inc.

(A Development  Stage Company)

Condensed Statements of Operations

(Unaudited)

 

 

 

 

 

 

 

 

 

Three months

 ended

Aug 31, 2010

 

Three months

 ended

Aug 31, 2009

 

From inception

 on May 22,

2000 to

Aug 31, 2010

 

 

 

 

 

 

 

 

REVENUES

 

$

 

$

 

$

 

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

     General and administrative

 

4,370 

 

71 

 

24,686 

 

 

 

 

 

 

 

 

 

         TOTAL EXPENSES

 

4,370 

 

71 

 

24,686 

 

 

 

 

 

 

 

 

 

      &nb sp;  Net operating loss before other expense

 

(4,370)

 

(71)

 

(24,686) 

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

     Interest expense (related party)

 

(470)

 

(60)

 

(1,267)

 

 

 

 

 

 

 

 

 

         Total Other Expense

 

(470)

 

(60)

 

(1,267)

 

 

 

 

 

 

 

 

 

LOS S FROM CONTINUING OPERATIONS BEFORE INCOME TAXES

 

(4,840)

 

(131)

 

(25,953)

 

 

 

 

 

 

 

 

 

INCOME TAXES

 

 < /p>

 

 

 

 

 

 

 

 

 

 

 LOSS FROM CONTINUING OPERATIONS

 

(4,840)

 

(131)

 

(2 5,953)

 

 

 

 

 

 

 

 

 

DISCONTINUED OPERATIONS

 

 

 

< /td>

 

 

 

 

      Loss from discontinued operations

 

 

 

(3,062,125)

 

 

 

 

 

 

 

 

 

NET LOSS

 

$

(4,840)

 

$

(131)

 

$

(3,088,078)

 

 

 

 

 

 

 

  ;

 

 Basic and Diluted Net Loss Per Share

 

$

(0.02)

 

$

 

 

 

 

 

 

 

 

 

 

 

Weighted Average Shares Outstanding

 

250,556 

 

250,556 

 

 


The accompanying notes are an integral part of these financial statements



4







< td width=15 style=MARGIN-TOP:0px valign=bottom>

 

< /tr>

Cash Paid For:

 

LZG International, Inc.

(A Development Stage Company)

Condensed Statements of Cash Flows

(Unaudited)

 

 

 

 

 

 

 

 

 

For the

three

months

ended Aug.

   31, 2010     

 

For the

three

months

ended Aug.

 31, 2009

 

From

inception on

May 22, 2000

 to Aug. 31,

 2010

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities

 

 

 

 

 

 

 

     Net Loss

 

$

  (4,840)

 

$

(131)

 < /p>

$

(3,088,078)

 

     Adjustment to reconcile net (loss) to cash

      provided (used) by operating activities:

 

 

 

 

 

 

 

         Imputed interest

 

 

260 

 

         Stock issued for services

 

 

 

2,852,867 

 

     Changes in assets and liabilities:

 

 

 < /p>

 

 

 

 

         Increase (decrease) in accounts payable

 

(2,441)

 

 

6,125 

 

         Accrued interest - related party

 

470 

 

60 

 

1,007 

 

 

 

 

 

 

 

 

 

     Net Cash Provided (Used) by Operating Activities

 

(6,811)

 

(71)

 

(227,819)

 

 

 

 

 

 

 

 

 

Cash Flows from Financing Activities:

 

 

 

 

 

 

 

     Proceeds from stock issuances

 

&n bsp;

 

209,258 

 

     Loans from officer

 

 

 

23,500 

 

 

 

 

 

 

 

 

 

     Net Cash Provided by Financing Activities

 

 

 

232,758 

 

 

 

 

 

 

 

 

 

Increase (Decrease) in Cash

 

(6,811)

 

(71)

 

4,939 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents, Beginning of Period

 

11,750 

 

464 

 

 

 

 

 

 

 

 

 

 

Cash and Cash Equivalents, End of Period

 

$

4,939 

 

$

393 

 

$

4,939 

 

 

 

 

 

 

 

 

 

Supplemental Cash Fl ow Information:

 

 

 

 

 

 

 

    Issuance of stock in settlement of debt

 

$

 

$

 

$

 1,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Interest

 

$

 

$

 

$

-

 

      Income Taxes

 

$

 

$

 

$

-


The accompanying notes are an integral part of these financial statements



5






LZG International, Inc.

 (A Development Stage Co mpany)

Notes to the Unaudited Condensed Financial Statements

August 31, 2010



NOTE 1 – Condensed Financial Statements


The accompanying financial statements have been prepared by the Company without audit.  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 as of and for the period ended August 31, 2010 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 May 31, 2010 audited financial statements as reported in its Form 10.  The results of operations for the period ended August 31, 2010 are not necessarily indicative of the operating results for the full year ended May 31, 2011.


NOTE 2 – Going Concern


The accompanying financial statements have be en prepared assuming that the Company will continue as a going concern.  The Company has limited assets, has incurred losses since inception, has negative cash flows from operations, and has no revenue-generating activities.  Its activities have been limited for the past several years and it is dependent upon financing to continue operations.  These factors raise substantial doubt about the ability of the Company to continue as a going concern.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  It is management’s plan to acquire or merge with other operating companies.                            



6






In this report references to “LZG International,” “the Company,” “we,” “us,” and “our” refer to LZG International, Inc.


FORWARD LOOKING STATEMENTS


The Securities and Exchange Commission (“SEC”) encourages reporting companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions.  This report contains these types of statements.  Words such as “may,”  “intend,”  “expect,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements.  You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report.  All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.


ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS


Executive Overview


Our business plan is to seek, investigate, and, if warranted, acquire an interest in a business opportunity.  Our acquisition of a business opportunity may be made by merger, exchange of stock, or otherwise.  We have very limited sources of capital and we probably will only be able to take advantage of one business opportunity.  As of the date of this filing we have not identified any business opportunity that we plan to pursue, nor have we reached any preliminary or definitive agreements or understandings with any person concerning an acquisition or merger.


Financial Condition


We are currently a development stage company and have not recorded revenues from operations since inception.  We have not established an ongoing source of revenues sufficient to cover our operating costs.  These conditions raise substantial doubt about our ability to continue as a going concern.  We are currently devoting our efforts to obtain capital from management and significant stockholde rs to cover minimal operations; however, there is no assurance that additional funding will be available.  Our ability to continue as a going concern during the long term is dependent upon our ability to find a suitable company and acquire or enter into a merger with such company.  


For the three month period ended August 31, 2010, we had $4,939 cash and total liabilities of $29,632 compared to $11,750 cash and total liabilities of $31,603 at fiscal year ended May 31, 2010.  During the past two years, we have relied on loans from management to fund our operations and we have incurred debt.  During the year ended May 31, 2009, our Director and President, Greg L. Popp, loaned an aggregate of $6,000 to the Company.  During the year ended May 31, 2010, Mr. Popp loaned the Company an additional $17,500.  These loans carried 4% interest per annum, had no repayment terms and were not collateralized.  On April 2 0, 2010, all of the foregoing loans were combined into one promissory note which carries interest at 5% and matures in June 2012.  The funds from these loans were and are being used for operational expenses.  


During the next 12 months we anticipate incurring costs related to the filing of Exchange Act reports, and investigating, analyzing and consummating an acquisition.  We believe we will be able to meet these costs through funds provided by management and significant stockholders.  


The type of business opportunity with which we acquire or merge will affect our profitability for the long term.  We may consider a business which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business which ma y be experiencing financial or operating difficulties and is in need of additional



7






capital.  In the alternative, a business combination may involve the acquisition of, or merger with, a company which does not need substantial additional capital, but which desires to establish a public trading market for its shares, while avoiding, among other things, the time delays, significant expense, and loss of voting control which may occur through a public offering.


Our management has not had any preliminary contact or discussions with any representative of any other entity regarding a business combination with us.  Any ta rget business that is selected may be a financially unstable company or an entity in its early stages of development or growth, including entities without established records of sales or earnings.  In that event, we will be subject to numerous risks inherent in the business and operations of financially unstable and early stage or potential emerging growth companies.  In addition, we may effect a business combination with an entity in an industry characterized by a high level of risk, and, although our management will endeavor to evaluate the risks inherent in a particular target business, there can be no assurance that we will properly ascertain or assess all significant risks.


Our management anticipates that it will likely be able to effect only one business combination, due primarily to our limited financing and the dilution of interest for present and prospective stockholders, which is likely to occur as a result of our mana gement’s plan to offer a controlling interest to a target business in order to achieve a tax-free reorganization.  This lack of diversification should be considered a substantial risk in investing in the Company, because it will not permit the Company to offset potential losses from one venture against gains from another.


We anticipate that the selection of a business combination will be complex and extremely risky.  Because of general economic conditions, rapid technological advances being made in some industries and shortages of available capital, our management believes that there are numerous firms seeking even the limited additional capital which we will have and/or the perceived benefits of becoming a publicly traded corporation.  Such perceived benefits of becoming a publicly traded corporation include, among other things, facilitating or improving the terms on which additional equity financing may be obtained, providing liquidity for the principals of and investors in a business, creating a means for providing incentive stock options or similar benefits to key employees, and offering greater flexibility in structuring acquisitions, joint ventures and the like through the issuance of stock.  Potentially available business combinations may occur in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex.


Off-Balance Sheet Arrangements


We have not entered into any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resource s and would be considered material to investors.



ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not applicable to smaller reporting companies.



ITEM 4.  CONTROLS AND PROCEDURES


Disclosure Controls and Procedures


We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) or 15d-15(e) under the Exchange Act) that are designed to ensure that information required to be disclosed in our filings under the Exchange Act is recorded, processed, summarized and reported within the periods specified in the rules and forms of the SEC.   This information is accumulated to allow our management to make timely decisions regarding required disclosure.  Our



8






President, who serves as our principal executive officer and principal financial officer, is responsible to evaluate the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report.  During the period we did not have additional personnel to allow segregation of duties to ensure the completeness or accuracy of our information.  Accordingly, our President has concluded that the lack of an adequate control environment constituted a deficiency in our disclosure controls and procedures.


< p style="MARGIN:0px; FONT-SIZE:11pt">Changes to Internal Control over Financial Reporting


Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act).  Management conducted an evaluation of our internal control over financial reporting and determined that there were no changes made in our internal control over financial reporting during the first quarter of our 2011 fiscal year that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.



PART II – OTHER INFORMATION


ITEM 1A.  RISK FACTORS

< br>

AN INVESTMENT IN THE COMPANY IS HIGHLY SPECULATIVE IN NATURE AND INVOLVES A HIGH DEGREE OF RISK.


We have extremely limited assets and no source of revenue.


We have limited assets and have had no revenues since inception.  We will not receive revenues until we select an industry in which to commence business or complete an acquisition, reorganization or merger.  We can provide no assurance that any selected or acquired business will produce any material revenues for the Company or our stockholders, or that any such business will operate on a profitable basis.


We will, in all likelihood, sustain operating expenses without corresponding revenues, at least until we complete a business combination with a private company.  This may result in our incurring a net operating loss that will increase unless we consummate a business combination with a profitable business.  We cannot assure you that we can identify a suitable business opportunity and consummate a business combination, or that any such business will be profitable at the time of its acquisition by the Company or ever.


We face a number of risks associated with potential acquisitions, including the possibility that we may incur substantial debt which could adversely affect our financial condition.


We intend to use reasonable efforts to complete a merger or other business combination with an operating business.  Such combination will be accompanied by risks commonly encountered in acquisitions, including, but not limited to, difficulties in integrating the operations, technologies, products and personnel of the acquired companies and insufficient revenues to offset increased expenses associated with acquisitions.  Failure to manage and successfully integrate acquisitions we make could harm our business, our strategy and our operating results in a material way.  Additionally, completing a business combination is likely to increase our expenses and it is possible that we may incur substantial debt in order to complete a business combination, which can adversely affect our financial condition.  Incurring a substantial amount of debt may require the Company to use a significant portion of our cash flow to pay principal and interest on the debt, which will reduce the amount available to fund working capital, capital expenditures, and other general purposes.  Our indebtedness may negatively impact our ability to operate any acquired business and may limit our ability to borrow additional funds by increasing our borrowing costs, and may impact the terms, conditions, and restrictions contained in possible future debt agreements, including the addition of more restrictive covenants.



9







There is currently no trading market for our common stock, and liquidity of shares of our common stock is limited.


Shares of our common stock are not registered under the securities laws of any state or other jurisdiction and are not listed for trading on any OTC market.  Accordingly, there is no public trading market for the common stock.  Further, no public trading market is expected to develop in th e short term.  Therefore, outstanding shares of common stock cannot be offered, sold, pledged or otherwise transferred unless subsequently registered pursuant to, or exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) and any other applicable federal or state securities laws or regulations.  Stockholders may rely on the exemption from registration provided by Rule 144 of the Securities Act (“Rule 144”), subject to certain restrictions; namely, common stock may not be sold until one year after:

(i)   the completion of a business combination with a private company after which the Company would cease to be a “shell company” (as defined in Rule 12b-2 under the Exchange Act); and

(ii)   the disclosure of certain information on a Current Report on Form 8-K within four business days of the busines s combination and only if the Company has been current in all of its periodic SEC filings for the 12 months preceding the contemplated sale of stock.  


Compliance with the criteria for securing exemptions under federal securities laws and the securities laws of the various states is extremely complex, especially in respect of those exemptions affording flexibility and the elimination of trading restrictions in respect of securities received in exempt transactions and subsequently disposed of without registration under the Securities Act or state securities laws.



ITEM 6.  EXHIBITS


Part I Exhibits

No.

Description

31.1

Principal Executive Officer Certification

31.2

Principal Financial Officer Certification

32.1

Section 1350 Certification


Part II Exhibits

No.

Description

3.1

Articles of Incorporation of LazyGrocer.Com, Inc., dated May 17, 2000 (Incorporated by reference to exhibit 3.1 to Form 10 filed May 26, 2010)

3.1.2

Amendment to Articles of Incorporation of LazyGrocer.Com, Inc., dated August 28, 2009 (Incorporated by reference to exhibit 3.1.2 to Form 10 filed May 26, 2010)

3.2

Bylaws of LZG International, Inc., effective January 28, 2010 (Incorporated by reference to exhibit 3.2 to Form 10 filed May 26, 2010)

10.1

Promissory Note, dated April 20, 2010 (In corporated by reference to exhibit 10.1 to Form 10, as amended, filed July 23, 2010)




10






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.



LZG INTERNATIONAL, INC.




By:       /s/ Greg L. Popp

Greg L. Popp

President and Director

Principal Executive and Financial Officer






Date: September 14, 2010






11



EX-31.1 2 exhibit311.htm PRINCIPAL EXECUTIVE OFFICER CERTIFICATION Exhibit 31

Exhibit 31.1


PRINCIPAL EXECUTIVE OFFICER CERTIFICATION


I, Greg L. Popp, certify that:


1.

I have reviewed this quarterly report on Form 10-Q of LZG International, 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 statement made, in light of the circumstances under which 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.

The registrant’s other certifying officer(s) 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 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)  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 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


(d)  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 (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.

The registrant’s other certifying officer(s) and I have disclosed, based on our 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 function):


(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.



Date: September 14, 2010


/s/ Greg L. Popp

Greg L. Popp

Principal Executive Officer






EX-31.2 3 exhibit312.htm PRINCIPAL FINANCIAL OFFICER CERTIFICATION Exhibit 31

Exhibit 31.2


PRINCIPAL FINANCIAL OFFICER CERTIFICATION


I, Greg L. Popp, certify that:


1.

I have reviewed this quarterly report on Form 10-Q of LZG International, 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 statement made, in light of the circumstances under which 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.

The registrant’s other certifying officer(s) 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 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)  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 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


(d)  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 (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and


5.

The registrant’s other certifying officer(s) and I have disclosed, based on our 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 function):


(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.



Date: September 14, 2010


/s/ Greg L. Popp

Greg L. Popp

Principal Financial Officer




EX-32.1 4 exhibit32.htm SECTION 1350 CERTIFICATION Exhibit 32

Exhibit 32.1



LZG INTERNATIONAL, INC.


CERTIFICATION OF PERIODIC REPORT

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

18 U.S.C. Section 1350


The undersigned executive officer of LZG International, Inc. certifies pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 that:


a.

the quarterly report on Form 10-Q of LZG International, Inc. for the quarter ended August 31, 2010 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and


b.

the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of LZG International, Inc.




Date: September 14, 2010



/s/ Greg L. Popp

Greg L. Popp

Principal Executive Officer

Principal Financial Officer






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