-----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, UH52kzV4e+V2AmVaK5q3T1bbLlIzbDVhDfYrAq0H2AHLcFieFUQWp1Ylq3gcQ5Tb eXQOV7GyvdrA4Kyxyjqryw== 0001384451-07-000004.txt : 20070402 0001384451-07-000004.hdr.sgml : 20070402 20070402095727 ACCESSION NUMBER: 0001384451-07-000004 CONFORMED SUBMISSION TYPE: SB-2/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070402 DATE AS OF CHANGE: 20070402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Asia Document Transition, Inc. CENTRAL INDEX KEY: 0001384451 STANDARD INDUSTRIAL CLASSIFICATION: TELEGRAPH & OTHER MESSAGE COMMUNICATIONS [4822] IRS NUMBER: 204689194 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SB-2/A SEC ACT: 1933 Act SEC FILE NUMBER: 333-139946 FILM NUMBER: 07736010 BUSINESS ADDRESS: STREET 1: 10TH FLOOR, NEW YORK HOUSE STREET 2: 60 CONNAUGHT ROAD CITY: CENTRAL STATE: K3 ZIP: 00000 BUSINESS PHONE: 852-25459133 MAIL ADDRESS: STREET 1: 10TH FLOOR, NEW YORK HOUSE STREET 2: 60 CONNAUGHT ROAD CITY: CENTRAL STATE: K3 ZIP: 00000 SB-2/A 1 cleanamendedadtsb2102078202.htm Converted by EDGARwiz







SECURITIES AND EXCHANGE COMMISSION


Washington, D.C. 20549




FORM SB-2/A

Amendment No 1.REGISTRATION STATEMENT



UNDER THE SECURITIES ACT OF 1933




Asia Document Transition, Inc.


(Name of Small Business Issuer in Its Charter)


 

Nevada                          4822                    20-4889194

----------------    ----------------------------      ----------------

(State or other         (Primary Standard Industrial      (I.R.S. Employer

jurisdiction of          Classification Code Number)       Identification

incorporation                                                Code Number)

or organization)



Bernard Chan, Chief Executive Officer

10th Floor, New York House

60 Connaught Road

Central, Hong Kong

011-852-2545-9133


(Address and Telephone Number of Principal Executive Offices)



Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective.


If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. [x]


If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [__]


If this Form is a post-effective amendment filed pursuant to Rule

462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [__]




1



If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [__]


If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [__]







                   CALCULATION OF REGISTRATION FEE



Title of each class of Securities to be registered

Amount proposed to be registered

Maximum Offering Price per share(1)

Maximum Amount aggregate offering price (2)

Amount of

Registration Fee

Common Stock

6,150,000

$0.10

$615,000

    $65.80        




(1) This price was arbitrarily determined by Asia Document Transition, Inc., and bears no relationship to assets, earnings, or any other valuation criteria.  No assurance can be given that the shares offered hereby will have a market value or that they may be sold at this, or any, price.

 (2) Company will not receive any of the proceeds from the sale of common stock by the Selling Shareholders.



THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH

DATE OR DATES AS MAY BE NECESSARY TO DELAY ITS EFFECTIVE DATE UNTIL

THE REGISTRANT SHALL FILE A FURTHER AMENDMENT WHICH SPECIFICALLY

STATES THAT THIS REGISTRATION STATEMENT SHALL THEREAFTER BECOME

EFFECTIVE IN ACCORDANCE WITH SECTION 8(A) OF THE SECURITIES ACT OF

1933 OR UNTIL THIS REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON

SUCH DATE AS THE SECURITIES AND EXCHANGE COMMISSION, ACTING PURSUANT

TO SAID SECTION 8(A), MAY DETERMINE.


THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE

CHANGED. WE MAY NOT SELL OUR SHARES UNTIL THE REGISTRATION STATEMENT

FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS

PROSPECTUS IS NOT AN OFFER TO SELL OUR SHARES, AND IT IS NOT

SOLICITING AN OFFER TO BUY OUR SHARES IN ANY STATE WHERE THE OFFER

OR SALE IS NOT PERMITTED.













2








PRELIMINARY PROSPECTUS





SUBJECT TO COMPLETION, DATED_________, 2006


6,150,000 Shares




Asia Document Transition, Inc.



Common Stock










The selling shareholders named in this Prospectus are offering 6,150,000 shares of our common stock through this Prospectus. Asia Document Transition, Inc. will not receive any proceeds from this offering. We have set an offering price for these securities of $0.10 per share.  Currently, our common stock is not trading on any public market or securities exchange.





THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK. SEE SECTION ENTITLED “RISK FACTORS” ON PAGES




NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS.  ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.





The Date of This Prospectus Is:______, 2007








3




TABLE OF CONTENTS

-----------------

Page


PROSPECTUS SUMMARY

6

RISK FACTORS

9

USE OF PROCEEDS

13

DETERMINATION OF OFFERING PRICE

13

DILUTION

13

SELLING SECURITY HOLDERS

13

PLAN OF DISTRIBUTION

23

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

25

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS

25

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

27

DESCRIPTION OF SECURITIES

27

RELATED PARTY TRANSACTIONS

29

TRANSFER AGENT

27

INTERESTS OF NAMED EXPERTS AND COUNSEL

28

DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES

  ACT LIABILITIES

28

ORGANIZATION WITHIN THE LAST FIVE YEARS

28

DESCRIPTION OF BUSINESS

29

MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

34

LEGAL PROCEEDINGS

37

LEGAL MATTERS

37

EXPERTS

37

FINANCIAL STATEMENTS


-

audited financial statements for the period from April 13, 2006

(date of inception) to June 30, 2006

38

-

unaudited quarterly financial statements for the six months

ended December 31, 2006

49





4




You should rely only on the information contained in this prospectus. We have not authorized any other person to provide you with different information. The Selling Shareholders are not making an offer to sell our common stock in any jurisdiction in which the offer or sale is not permitted. You should assume that the information contained in this prospectus is accurate only as of the date on the front cover page of this prospectus, regardless of the time of delivery of this prospectus or any sale of the common stock.



Unless the context indicates otherwise, all references in this prospectus to “we,” “us,” and “our” and “ADT” refer to Asia Document Transition, Inc.




5



PROSPECTUS SUMMARY


The following is a summary of certain information contained in this Prospectus Summary. This summary is intended only for quick reference and is not intended to be complete. Therefore, this summary is qualified in its entirety by the detailed information found in the remainder of this Prospectus. References in this prospectus to “ADT", “we”, "our" and "us" refer to Asia Document Transition, Inc and not the Selling Shareholders.


                       



Asia Document Transition, Inc.


Corporate Background

 

Asia Document was incorporated on April 13, 2006, and has recently commenced operations. ADT has generated limited revenue and is still a development stage corporation. ADT’s plan of operations is to provide (a) document formatting (“Edgarizing”), and electronic filing services to companies and individuals that desire to submit filings, such as annual and quarterly reports, prospectuses, registration statements, and other documents pursuant to the federal securities laws, to the United States Securities and Exchange Commission (“SEC”), via EDGAR, the SEC's electronic data gathering analysis and retrieval system and

(b)provide virtual office services consisting of providing phone numbers, fax numbers and mail delivery addresses to local and foreign companies desirous of establishing a presence in Hong Kong.


From inception to April 26, 2004, ADT was a wholly owned subsidiary of Cell Source Research, Inc., a Delaware corporation. On April 26, 2006, ADT acquired all the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong Incorporated Limited Company through the issuance of 18,850,000 Common Shares to Bernard Chan, 1,200,000 Common Shares to Kwok Keung Derek Kang, 1,100,000 Common Shares to Wing Hung Benny Ho, 1,150,000 Common Shares to Tak Kee Wong, 1,200,000 Common Shares to Sheung Wai Yim, and 1,000,000 Common Shares to Wai Hon Ken Wu. Mr. Kang, Mr. Ho, Mr. Wong, Mr. Yim and Mr. Wu are all Selling Shareholders registering their shares for resale through this registration statement.


On July 27, 2006, Cell Source Research, Inc. decided to distribute its 124,831 of its 125,000 common shares of ADT to its 304 common shareholders of record.

Such distribution will be effected as soon as possible subsequent to the registration of these common shares. The aforementioned 304 shareholders are all Selling Shareholders registering their shares for resale through this registration statement.



Our Address and Telephone


Our office address is at 10th Floor, New York House, 60 Connaught Road, Central, Hong Kong. Our telephone number is 011-852-2545-9133 and our fax number is 011-852-2850-8062. Our registered statutory office is located at 711 S. Carson Street, Suite 4, Carson City, NV, 89701. Our website is located at www.asiadoctrans.net. This website, while operational, is currently undergoing additional construction. The information contained on



6



our website in not a part of, and should not be construed as being incorporated by reference into, this Form SB-2.                         


THE OFFERING



Securities Being Offered

Up to 6,150,000 shares of our common stock.

Offering Price and Alternative Plan of Distribution

The offering price of the common stock is $0.10 per share. We intend to apply to the NASD Over-The-Counter Bulletin Board to allow the trading of our common stock upon our becoming a reporting entity under the Securities Exchange Act of 1934.  If our common stock becomes so traded and a market for the stock develops, the actual price of stock will be determined by prevailing market prices at the time of sale or by private transactions negotiated by the selling shareholders.  The Offering price would thus be determined thus be determined by market factors and the independent decisions of the selling shareholders.

Minimum Number of Shares to be sold in this Offering


None.

Securities Issued and to be Issued

25,000,000 shares of our common stock are issued and outstanding as of the date of this Prospectus.  All of the 6,150,000 shares of common stock to be sold under this Prospectus will be sold by existing shareholders.

Use of Proceeds

We will not receive any proceeds from the sale of the common stock by the Selling Shareholders.

Risk Factors

Prospective Investors should carefully evaluate the following matters, including those under the heading “Risk Factors”.






7



The following summary financial data should be read in conjunction with Management’s Discussion and Analysis or Plan of Operation and the Financial Statements and Notes thereto, included elsewhere in this Prospectus.


SUMMARY FINANCIAL INFORMATION (in US Dollars)


Balance Sheet Data

As of June 30, 2006

    

Total Current Assets

 

6,321

Total Assets

 

45,739

Total Current Liabilities

24,310

Shareholder's Equity

 

21,429

    



Operating Information for the period from inception (April 13, 2006) to June 30, 2006

    

  

Revenues

1,290

Total Operating Expenses

5,236

Net Loss per common share

0

Weighted Average number of shares outstanding

 20,902,242


Balance Sheet Data

As ofDecember 31, 2006

    

Total Current Assets

 

5,958

Total Assets

 

86,989

Total Current Liabilities

87,026

Shareholder's Equity

 

(38)


Operating Information from inception toDecember 31, 2006

    

  

Revenues

6,743

Total Operating Expenses

32,656

Net Loss per common share

0

Weighted Average number of shares outstanding

 20,902,242




8



RISK FACTORS


THE COMMON SHARES OFFERED ARE HIGHLY SPECULATIVE IN NATURE, INVOLVE A HIGH DEGREE OF RISK AND SHOULD BE PURCHASED ONLY BY PERSONS WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. ACCORDINGLY, PROSPECTIVE INVESTORS SHOULD CAREFULLY CONSIDER, ALONG WITH OTHER MATTERS REFERRED TO HEREIN, THE FOLLOWING RISK FACTORS IN EVALUATING US AND OUR BUSINESS BEFORE PURCHASING ANY COMMON SHARES.  OUR ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED AS A RESULT OF CERTAIN FACTORS, INCLUDING THOSE SET FORTH IN THE FOLLOWING RISK FACTORS AND ELSEWHERE IN THIS PROSPECTUS. PLEASE NOTE THAT THROUGHOUT THIS PROSPECTUS, THE WORDS “WE”, “OUR” OR “US” REFER TO ASIA DOCUMENT TRANSITION, INC., AND NOT THE SELLING SHAREHOLDERS.



We have a limited operating history, which limits the information available to you to evaluate our business


ADT was formed on April 13, 2006 and commenced operations on April 26, 2006. We have incurred losses from operating activities since we began operations. Thus, we face the risks and difficulties of an early-stage company including the uncertainties of market acceptance, competition, cost increases and delays in achieving business objectives. There can be no assurance that we will succeed in addressing any or all of these risks or that we will achieve future profitability and the failure to do so would have a material adverse effect on our business, financial condition and operating results.



Our Accountants' Audit Report Indicates There Is Substantial Doubt About Our Ability to Continue as a Going Concern.


Our auditors report dated September 25, 2006 indicates there is substantial doubt as to our ability to continue as a going concern. We do not anticipate seeking funding. In the event that we cannot generate sufficient revenue we may be forced to cease operations. Therefore, shareholders are accepting a high probability of losing their entire investment.


Low Barriers to Entry


The barriers to entry into our industry are very low and can result in continued competitive pressures, thereby having a potentially adverse effect on our financial performance.


We Depend Highly on Bernard Chan, Our CEO, President, Secretary, Treasurer, Principal Financial Officer and Sole Director, Who Is Difficult To Replace. The Loss of Mr. Chan May Result in the Ceasing of Operations, and Investors May Lose Their Entire Investments.


We have only one director, Bernard Chan, who is also our CEO, President, Secretary, Treasurer, and Principal Financial Officer. Mr. Chan devotes approximately 20% of his time per week to our business. Our intended plan of operations is dependent upon the continuing support and expertise of Mr. Chan. Loss of Mr. Chan could slow the growth of our business, or it may cease to operate at all, which may result in the total loss of investors' investments.




9



Our Sole Director, Bernard Chan, Has Significant Control Over Stockholder Matters, Which Will Restrict the Ability of Minority Stockholders to Influence Our Activities.


Our sole director, Bernard Chan, holds 18,850,000 Common Shares, representing 75.4% of our shares outstanding as of October 24, 2006 which gives him voting control over all matters submitted to a vote of the holders of common stock, including the election of directors, amendments to our certificate of incorporation and approval of significant corporate transactions.


Because there is no liquidity and no established public market for our common stock, it may prove impossible to sell your shares.


There is presently no public market in our shares. While we intend to contact an authorized OTC Bulletin Board market maker for sponsorship of our securities, we cannot guarantee that such sponsorship will be approved and our stock listed and quoted for sale. Even if our shares are quoted for sale, buyers may be insufficient in numbers to allow for a robust market, it may prove impossible to sell your shares.


Risks of Low-priced Stocks; Penny Stock Regulations. Until such time, if any, that the Company's securities are listed on the Nasdaq SmallCap(R) Market or a registered U.S. securities exchange, they will be subject to The Securities and Exchange Commission’s “Penny Stock” Rules.


The Securities and Exchange Commission has adopted Rule 15g-9 which establishes the definition of a "penny stock," for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, the rules require:


- That a broker or dealer approve a person's account for transactions in penny stocks; and


- The broker or dealer, receive from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.


In order to approve a person's account for transactions in penny stocks, the broker or dealer must:


- Obtain financial information and investment experience objectives of the person; and


- Make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.


The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prepared by the Securities and Exchange Commission relating to the penny stock market, which, in highlight form:


- Sets forth the basis on which the broker or dealer made the suitability determination; and




10



- That the broker or dealer received a signed, written agreement from the investor prior to the transaction.


Generally, brokers may be less willing to execute transactions in securities subject to the "penny stock" rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.


The Selling Shareholders Are Offering 6,150,000 Shares Of Our Common Stock Through This Prospectus And The Sale Of These Shares Could Cause The Price Of Our Common Stock To Decline.


Our common stock is presently not traded on any market or securities exchange, but should a market develop, shares sold at a price below the current market price at which the common stock is trading will cause that market price to decline. Moreover, the offer or sale of a large number of shares at any price may cause the market price to fall. The outstanding shares of common stock covered by this Prospectus represent approximately 24.6 % of the common shares outstanding as of the date of this Prospectus.  There can be no assurance that a regular trading market will develop or that if developed will be sustained. An investor may be unable to liquidate his investment in the absence of a trading market.


No Common Stock Dividends Anticipated


The Company has not declared or paid, and does not anticipate declaring or paying in the foreseeable future, any cash dividends. The Company's ability to pay dividends is dependent upon, among other things, future earnings, the operating and financial condition of the Company, its capital requirements, general business conditions and other pertinent factors, and is subject to the discretion of the Board of Directors.  


You May Not Recoup Your Investment In Our Shares From This Offering

Should Loans Made By Mr. Chan To ADT Not be Satisfied Before Liquidation. As a Creditor, He Will Be Entitled To The Proceeds from Liquidation of ADT's Assets Before Shareholders.


In the event that current and probable future loans made by ADT's sole director, Bernard Chan, are not satisfied, he will have priority over shareholders, as a creditor, in any distribution of assets in liquidation. As a result of this, investors in this offering may not be able to recoup all, or any, of their investment should ADT elect to liquidate.


Shares Eligible for Future Sale


All of the presently issued and outstanding shares of Common Stock are "restricted securities" as that term is defined under Rule 144 promulgated under the Securities Act.  Rule 144 governs resales of such restricted securities for the account of any person (other than an issuer), and restricted and unrestricted securities for the account of an "affiliate" of the issuer. Restricted securities generally include any securities acquired directly or indirectly from an issuer of its affiliates, which were not issued or sold in connection with a public offering registered under the Securities Act.  An affiliate of the issuer is any person who directly or indirectly controls, is controlled by, or is under common control with, the issuer.  Affiliates of the Company may include its directors, executive officers and persons directly or indirectly owning 10% or more of the outstanding Common Stock.  Under Rule 144 unregistered resales of



11



restricted Common Stock cannot be made until it has been held for one year from the later of its acquisition from the Company or an affiliate of the Company.  Thereafter, shares of Common Stock may be resold without registration subject to Rule 144's volume limitation, aggregation, broker transaction, notice filing requirements, and requirements concerning publicly available information about the Company (the "Applicable Requirements").  Resales by the Company's affiliates of restricted and unrestricted Common Stock are subject to the Applicable Requirements. The volume limitations provide that a person (or persons who must aggregate their sales) cannot, within any three-month period, sell more than the greater of (i) one percent of the then outstanding shares, or (ii) the average weekly reported trading volume during the four calendar weeks preceding each such s ale. A person who is not deemed an "affiliate" of the Company and who has beneficially owned shares for at least one year would be entitled to sell such shares under Rule 144 without regard to the Applicable Requirements.  If a broad public market develops for the Company's Common Stock, the Company is unable to predict the effect that sales made under Rule 144 or other sales may have on the then prevailing market price of the Common Stock.


Currently, 18,850,000 Restricted Common shares owned by Bernard Chan will become eligible for resale pursuant to 144 on May 1, 2007. All other Common Shares currently outstanding are being registered through this Registration Statement.


Risks Associated with Forward-looking Statements


This Prospectus contains certain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") although such forward-looking statements included herein will not be subject to the safe harbors for such statements under such sections.  The Company's forward-looking statements include the plans and objectives of management for future operations, including plans and objectives relating to the Company's planned expansion and future economic performance of the Company.  


The forward-looking statements herein are based on current expectations that involve a number of risks and uncertainties.  Such forward-looking statements are based on assumptions that the Company will meet its business objectives and that there will be no material adverse change in the Company's operations or business or in governmental regulations affecting the Company or its suppliers. The foregoing assumptions are based on judgments with respect to, among other things, future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control.  Accordingly, although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any such assumption could prove to be inaccurate and therefore there can be no assurance that the results contem plated in forward-looking statements will be realized.  In addition, as disclosed elsewhere in the "Risk Factors" section of this Prospectus, there are a number of other risks inherent in the Company's business and operations which could cause the Company's operating results to vary markedly and adversely from prior results or the results contemplated by the forward-looking statements.  Growth in absolute and relative amounts of cost of goods sold and selling, general and administrative expenses or the occurrence of extraordinary events could cause actual results to vary materially from the results contemplated by



12



the forward-looking statements.  Management decisions, including budgeting, are subjective in many respects and periodic revisions must be made to reflect actual conditions and business developments, the impact of which may cause the Company to alter its marketing, capital investment and other expenditures, which may also materially adversely affect the Company's results of operations.  In light of significant uncertainties inherent in the forward-looking information included in this Prospectus, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company's objectives or plans will be achieved.  See "Management's Discussion and Analysis," and "Business."


USE OF PROCEEDS

ADT will not receive any proceeds from this offering.


DETERMINATION OF OFFERING PRICE


There is no established public market for the shares of common stock being registered. As a result, the offering price and other terms and conditions relative to our shares have been arbitrarily determined by us and do not necessarily bear any relationship to assets, earnings, book value or any other objective criteria of value. In addition, no investment banker, appraiser or other independent, third party has been consulted concerning the offering price for the shares or the fairness of the price used for the shares.


DILUTION


You will suffer substantial dilution in the purchase price of your stock compared to the net tangible book value per share immediately after the purchase.


Public offering price per share of common stock.................. $0.10

Net tangible book value per share prior to offering.............. $0     

Net tangible book value per share after offering................. $0

Dilution per share to new investors.............................. $0.10

Percentage dilution..............................................  %100


The price paid by Bernard Chan, our sole affiliate, was solely his agreement to assume the positions of Director, CEO, President, principal financial officer, secretary and treasurer of ADT.


SELLING SECURITY HOLDERS


The following table sets forth the names of the Selling Shareholders, the number of shares of common stock beneficially owned by the Selling Shareholders and the number of shares of common stock, which may be offered for sale pursuant to this prospectus by the particular selling stockholder. The offered shares of common stock may be offered from time to time by each of the Selling Shareholders named below. However, the Selling Shareholders are under no obligation to sell all or any portion of the shares of common stock offered, nor are the Selling Shareholders obligated to sell any shares of common stock immediately under this prospectus. Particular Selling Shareholders may not have a preset intention of selling their shares and may offer less than the number of shares indicated. Because the Selling Shareholders may sell all or part of the shares of common stock offered hereby, no estimate can be given as to the number of shares of common stock that will be held by the Selling Shareholders upon termination of any offering made hereby.



13




     
     
     
     
     
     
     
     
     


Name of Selling Shareholder

Shares of Common

Stock owned prior to

Offering

Percent of

Common Stock Owned

Prior to offering

Shares of

Common Stock

to be Sold*

Shares of Common Stock

Owned After

Offering

Kwok Keung Derek Kang

1,200,000

4.8%

1,200,000

0

Wing Hung Benny Ho

1,100,000

4.4%

1,100,000

0

Sheung Wai Yim

1,200,000

4.8%

1,200,000

0

Tak Kee Wong

1,150,000

4.6%

1,150,000

0

Wai Hon Ken Wu

1,000,000

4%

1,000,000

0

V3 Consulting, Inc.

187,500

***

187,500

0

Bombardier Pacific Ventures

187,500

***

187,500

0

Cell Source Research, Inc.**


1010 University Avenue

Suite 40

San Diego, CA 92103

125,000

***

125,000

0

Shareholders of Cell Source Research, Inc.


 ****

    
 

Plum Creek Funding Inc.

63

***

63

0

 

Silvia Acevedo

76

***

76

0

 

Thomas James Adamson or Christina D. Cambra-Adamson

127

***

127

0

 

Barry J. Alman

15

***

15

0

 

R. P. Amaro, Sr.

153

***

153

0

 

Diane Ander

12

***

12

0

 

The Domanic Trust

637

***

637

0

 

Trust Company of America FBO Suzanne Bailey

31

***

31

0

 

Michael Bailey, MD

15

***

15

0



14






 

Trust Company of America FBO Michael R. Bailey

25

***

25

0

 

Reema R. Bajaj

12

***

12

0

 

Brooke Barlette

15

***

15

0

 

Christopher & Peaceful Barnett

255

***

255

0

 

Christopher G. Barnett

140

***

140

0

 

Barsell Family Trust - 09/16/99

3

***

3

0

 

Donald T. Batchelor, Jr.

191

***

191

0

 

Cyndy Baustian

38

***

38

0

 

Mike and Cyndy Baustian

25

***

25

0

 

Robert E. Beauregard

15

***

15

0

 

Dr. Rabin I. And Mrs. Kellie A. Bechara

95

***

95

0

 

Wayne Beck

95

***

95

0

 

Rita K. Bell

12

***

12

0

 

Jeffery D. Benton

63

***

63

0

 

Dianne Bergman

127

***

127

0

 

Joel Brandon and Lisa Jean Bishop

31

***

31

0

 

Kyle Blickenstaff

140

***

140

0

 

Raymond R. Bolanos

216

***

216

0

 

Eric Borwell

637

***

637

0

 

David Bosley

17

***

17

0

 

Mark R. Bossard

318

***

318

0

 

Mark Robert Bossard

510

***

510

0

 

Robert N. Bossard

255

***

255

0

 

Nicole-Yvette Bradley

63

***

63

0

 

Richard & Susan  Bredhoff

63

***

63

0

 

Richard Bredhoff

191

***

191

0

 

Frank Brockington

127

***

127

0

 

Arthur and Shyolanda Brown

159

***

159

0

 

Charles Bruce

47

***

47

0

 

Charles E. Bruce

350

***

350

0

 

Charles Edward Bruce, O.D.

15

***

15

0

 

Trust Company of America C/F Charles E. Bruce

95

***

95

0

 

Charles Edward Bruce, O.D.

63

***

63

0

 

Trust Company of America C/F Charles E. Bruce

19

***

19

0

 

Albert Brunner

424

***

424

0

 

Dr. Bradley A. Bryan

47

***

47

0

 

Juergen Buescher

127

***

127

0



15






 

Timothy D. Byrd

19

***

19

0

 

Mary F. Campana

105

***

105

0

 

Richard Campbell

318

***

318

0

 

Robert Carroll

19

***

19

0

 

Karen Catania

63

***

63

0

 

Ruth M. Cerruti

204

***

204

0

 

Ronald G. Chamberlain

6

***

6

0

 

David Cheung

127

***

127

0

 

Mark S. Cieslak

191

***

191

0

 

Willie A. Clark

12

***

12

0

 

Wealth Management Group, LP

95

***

95

0

 

Douglas S. Close

104

***

104

0

 

Bernard Cohen

79

***

79

0

 

Resources Trust Company FBO Gilda R. Cohen, IRA

127

***

127

0

 

Charles Colby

19

***

19

0

 

Tara Cornett

63

***

63

0

 

Richard M. Cowardin

105

***

105

0

 

Lindsay Cox

21

***

21

0

 

Gerald Davis

38

***

38

0

 

Norman Davies

19

***

19

0

 

Thomas S. Davis, MD

57

***

57

0

 

Robert C. Dawson

54

***

54

0

 

Douglas Dedo

184

***

184

0

 

Douglas Dedo, MD

31

***

31

0

 

John d & Kim R. Deiter

89

***

89

0

 

Elisa DiMonda

25

***

25

0

 

John A. Dittmar

38

***

38

0

 

Jon Doi

127

***

127

0

 

Timothy Doyle

41

***

41

0

 

George Hudson Drakes

111

***

111

0

 

Dr. John J. Drammis

71

***

71

0

 

James R. Duncan & Maxine A Priebe

63

***

63

0

 

James D. & Ila Jeanne Dunne

38

***

38

0

 

Pedro Durian

175

***

175

0

 

Trust Company of America FBO Pedro T. Durian

15

***

15

0

 

Randolph K. Dust

15

***

15

0

 

Peter L. Eidelman

47

***

47

0

 

Adil Elomri

15

***

15

0

 

Graeco II

12

***

12

0

 

John Evans

63

***

63

0

 

Darcy Ewing

57

***

57

0



16






 

Linda Fahnestock

12

***

12

0

 

JoDee Favre

191

***

191

0

 

James & Jacqueline Fields

31

***

31

0

 

Douglas Fisher

467

***

467

0

 

Bettina Fitzsimons

21

***

21

0

 

Mathew T. Fitzsimons

53

***

53

0

 

John Fleisher

63

***

63

0

 

Timothy G. Foat

1917

***

1917

0

 

Martin Freeman

26

***

26

0

 

Dr. Michael Freimuth

255

***

255

0

 

Linda Fukuchi & Stephin L. Rosin

53

***

53

0

 

James H. Galligan Living Trust

111

***

111

0

 

Samuel Gee

701

***

701

0

 

Eliot Ghatan

57

***

57

0

 

Ralph R. & Patricia A. Goodson

153

***

153

0

 


Harold L. & Elizabeth J. Gray Living Trust


156


***


156


0

 

Timothy Gray

51

***

51

0

 

Edmond I. Griffin

127

***

127

0

 

Linda Lorenzen-Groth

338

***

338

0

 

Magdy Habib, MD

38

***

38

0

 

Richard & Lois Hand

25

***

25

0

 

Richard L. Hand

15

***

15

0

 

Michael Hart

31

***

31

0

 

Bly E. Haugen

255

***

255

0

 

Harold A. Havekotte

149

***

149

0

 

Mathew E. Heinlein

7

***

7

0

 

Trust Company of America C/F Wayne Corey Hendrickson

57

***

57

0

 

Athena  Henwood

127

***

127

0

 

Carl Heuckroth

127

***

127

0

 

Trust Company of America FBO James S. Hill

31

***

31

0

 

Marshall B. Hinckley Family Trust

430

***

430

0

 

Trust Company of America FBO Marshall Hinckley

40

***

40

0

 

Dax-Romeo Hinkson

25

***

25

0

 

Dale Honsey

146

***

146

0

 

John Horigan, Jr.

31

***

31

0

 

Michael A. Huffman

19

***

19

0

 

Rosa Hull

2

***

2

0



17






 

Hunter Insurance Services, Inc.

191

***

191

0

 

Mark Hunter

153

***

153

0

 

Joseph Iorio

63

***

63

0

 

Ken Jackson

1

***

1

0

 

J.K. Living Trust

25

***

25

0

 

Joana Jaramillo

3

***

3

0

 

Marc Jauregui

51

***

51

0

 

Frank Jenkins

172

***

172

0

 

Frank L. Jenkins

146

***

146

0

 

Trust Company of America FBO Barbara E. Jenkins

47

***

47

0

 

Trust Company of America FBO Frank L. Jenkins, #27301

47

***

47

0

 

Buel Jernigan

21

***

21

0

 

Michael A. Johnson

63

***

63

0

 

Amerivet Securities, Inc.

159

***

159

0

 

Steven W. Johnston

255

***

255

0

 

Douglas Jordan

63

***

63

0

 

D. Scott Karempelis

242

***

242

0

 

Griffin & Karempelis Real Estate

51

***

51

0

 

Dr. Karen H. Koltes & Mr. John J. Tschirky

63

***

63

0

 

Bombardier Pacific Ventures Inc.

79295

***

79295

0

 

Brian Koos

1913

***

1913

0

 

Lynn Korenfeld

30

***

30

0

 

Michael S. Korenfeld

201

***

201

0

 

Trust Company of America FBO Lynn Korenfeld

74

***

74

0

 

Trust Company of America FBO Michael Korenfeld

74

***

74

0

 

Alan Koshar

20

***

20

0

 

Eli Kramer

12

***

12

0

 

Joseph F. Kruer

63

***

63

0

 

David L. Kuhn

31

***

31

0

 

Enid Lane

1

***

1

0

 

Gary M. Lane, Jr.

3

***

3

0

 

Gary M. Lane, Sr.

8

***

8

0

 

Keith Langill

1594

***

1594

0

 

Dr. Kevin W. Lanighan & Mrs. Kelly A. Lanighan

318

***

318

0

 

Kevin Lanighan, Dr.

318

***

318

0

 

Robert LaRue

15

***

15

0

 

Madge Leabow

12

***

12

0



18






 

Brian Leary

63

***

63

0

 

David C. Leber, MD

389

***

389

0

 

Robert W. Lee

63

***

63

0

 

Mark Lemp

63

***

63

0

 

Jefferson Lett

31

***

31

0

 

Dino Choi Hoo Leung

127

***

127

0

 

Veronica Leung

3

***

3

0

 

Levi Courtney & Donna Rita Marie Courtney

15

***

15

0

 

Donald C. Lewellen

63

***

63

0

 

Vicki Lynn Likes

95

***

95

0

 

JoAnne M. Lopes and Edwin Creedle

12

***

12

0

 

Delores Lorenzen

25

***

25

0

 

TE&L Estates Trust U/A

420

***

420

0

 

Terry E. Lorenzen

22

***

22

0

 

David B. & Jeanne G. Lutz

63

***

63

0

 

William R. Machell

27

***

27

0

 

Beauty for Ashes Skin Care

127

***

127

0

 

Brett C. Martin

31

***

31

0

 

Harol A Martinez Living Trust

63

***

63

0

 

Harold Martinez

86

***

86

0

 

Peter Marzek, MD

28

***

28

0

 

Bobbi Jean Mascol

318

***

318

0

 

John E. and Joan E May, III

89

***

89

0

 

Cheryl L. McCleerey

12

***

12

0

 

Dr. Ryan McClinton

63

***

63

0

 

David W. McKie

25

***

25

0

 

Judy McKillup

178

***

178

0

 

Douglas G. McKinnon

12

***

12

0

 

Michael McKinnon

12

***

12

0

 

Edward Mehrer Jr

47

***

47

0

 

Jack Meredith

12

***

12

0

 

Gregory Merkerson

127

***

127

0

 

Louis Mes

114

***

114

0

 

William L. and Pearl C. Metz

12

***

12

0

 

Eugene E. Miller

38

***

38

0

 

Gregg P Miller MD

63

***

63

0

 

Philip Miller MD

213

***

213

0

 

Corey Mills

10

***

10

0

 

Gary Mimura

51

***

51

0

 

Mischeaux 1981 Family Trust

38

***

38

0

 

Michael Laroy Moore and Lueann Gardener

63

***

63

0



19






 

Mulkern Trust

85

***

85

0

 

Rachel Murray

12

***

12

0

 

Leonard Joseph Nafziger

15

***

15

0

 

Joe L Navarro

1

***

1

0

 

Joe Navarro

33

***

33

0

 

Robert W Nees

3

***

3

0

 

Calvin Nickal

191

***

191

0

 

Richard & Darlynne Nix

82

***

82

0

 

Ronald Orr

98

***

98

0

 

Ron Ortt

159

***

159

0

 

Ronald Ortt

159

***

159

0

 

Richard Owen

131

***

131

0

 

Glenn Peters

53

***

53

0

 

Jeffrey S. & Karen R. Petrucci

350

***

350

0

 

Jeffrey S. Petrucci

255

***

255

0

 

Herman H. Pettegrove Client Trust Account

2

***

2

0

 

FBS, Inc.

47

***

47

0

 

Medric Pleau

25

***

25

0

 

Brian F Pockett

4

***

4

0

 

Michael Pockett

3

***

3

0

 

Alice Polkowitz

159

***

159

0

 

Barry David Polkowitz

159

***

159

0

 

Larry Pomarico

127

***

127

0

 

Maxine A Priebe. and James R. Duncan

63

***

63

0

 

William Prior

143

***

143

0

 

Jan Eric Pusch

103

***

103

0

 

Mike Quinn

15

***

15

0

 

Douglas J. Rice

12

***

12

0

 

Marilyn Rice

12

***

12

0

 

Tim Rice

25

***

25

0

 

Arthur P. Rich Trust

15

***

15

0

 

Jonathan Rich

39

***

39

0

 

vFinance

119

***

119

0

 

Scott Roberts

95

***

95

0

 

Henrietta Robinson

22

***

22

0

 

Lawrence G. Robinson, jr. and Katrina G. Stranahan

6

***

6

0

 

Felix A. Romero

12

***

12

0

 

IRA Resources Inc. Susan Ross IRA #17040

63

***

63

0

 

Paul Roth

44

***

44

0

 

Linda Rupert

89

***

89

0

 

Robert Rupert MD

25

***

25

0



20






 

L. Andrew Samaras

63

***

63

0

 

Karina Sanchez

12

***

12

0

 

Frank Scarfone

19

***

19

0

 

Todd and Alta Schlemmer

31

***

31

0

 

Dr. Uwe Schmidt

95

***

95

0

 

Uwe Schmidt

146

***

146

0

 

Kenneth J. Schroeder

1371

***

1371

0

 

Marion Schulte

47

***

47

0

 

Marcy Seay

474

***

474

0

 

Trust Company of America FBO Joyce Semanik

8

***

8

0

 

Eward J. or Joyce A. Semanik

178

***

178

0

 

Trust Company of America FBO Edward Semanik, Jr.

8

***

8

0

 

John R. Shaw

31

***

31

0

 

Adam Shay

63

***

63

0

 

Eddie Shay

127

***

127

0

 

Pete Shee

21

***

21

0

 

Joy Shupnick

31

***

31

0

 

Jerry Simonds

15

***

15

0

 

David L. or Marlene A. Sink

318

***

318

0

 

Michael H. & Sharon L. Sloyer

12

***

12

0

 

Quentin E. Smart

31

***

31

0

 

Curran Smith

3252

***

3252

0

 

Raul Smith & Patricia Cruz

31

***

31

0

 

Curran J. Smith, M.D. TTEE

956

***

956

0

 

Edward Snider

47

***

47

0

 

Rene Solc

95

***

95

0

 

Jodine A. Souttere

3

***

3

0

 

Matthew C. Souttere

3

***

3

0

 

Gary Spirk

31

***

31

0

 

Mark Spirk

15

***

15

0

 

Terry Spirk

255

***

255

0

 

Trust Company of America FBO JoAnn Stasik 28676

255

***

255

0

 

Katrina G. Stranahan

3

***

3

0

 

William Straub III

28

***

28

0

 

Victor K. Tan

31

***

31

0

 

Costa Sperro Tannous

36

***

36

0

 

Steven Terris

149

***

149

0

 

Adam Tevlin

3

***

3

0

 

Peachy Thomas

31

***

31

0



21






 

Rudolph E. Thomas

12

***

12

0

 

Joseph W Timmons

3

***

3

0

 

Louis F. Torio, Trust

1913

***

1913

0

 

Roy Townsend

31

***

31

0

 

Dr Antonio Uy, Jr

12

***

12

0

 

Dan Vaughn

31

***

31

0

 

Yvonne Marie Vigil

44

***

44

0

 

Doug Wall

111

***

111

0

 

Viola Watson

127

***

127

0

 

Edward Wavak

47

***

47

0

 

United Financial Partners Inc

178

***

178

0

 

Robert Wawrousek

4712

***

4712

0

 

Richard Wershe

191

***

191

0

 

Thomas & Shirley Widener

73

***

73

0

 

Lorie Williams

6

***

6

0

 

Joe W. & Jann H. Willis

207

***

207

0

 

Brent Wood

255

***

255

0

 

David F. Wood

223

***

223

0

 

IRA Resources Inc., FBO David F. Wood IRA # 203161RO

35

***

35

0

 

Marc Wood

63

***

63

0

 

Tyler Wood

127

***

127

0

 

Thomas L. & Ida F. Woon

46

***

46

0

 

Philip  Workman

31

***

31

0

 

Brian Wright

31

***

31

0

 

Richard Zipper

156

***

156

0

 

David Stein

79

***

79

0

 

Trust Company of America FBO Lynn Korenfeld

42

***

42

0

     



     *Assumes that all of the shares of common stock offered in this    Prospectus are sold and no other shares of common stock are sold or issued during the offering period.

     ** To be distributed to Cell Source Research, Inc.’s common shareholders


     *** Less than one percent

    **** The address for all shareholders of Cell Source Research, Inc. is

    c/o Cell Source Research, Inc.

    1010 University Avenue,Suite 40

    San Diego, CA 92103


    .

 

None of the selling shareholders:




22



(1) Has had a material relationship with us other than as a shareholder at any time within the past three years, except Kwok Keung Derek Kang, who was the sole shareholder of Vast Opportunity Limited.

(2) Has ever been one of our officers or directors; or

(3) Are broker-dealers or are affiliated with broker-dealers.


PLAN OF DISTRIBUTION


The shares of common stock held by the Selling Shareholders stock will be offered solely by the selling shareholders. No underwriters are participating in this offering.


Neither ADT nor any of the Selling Shareholders has employed an underwriter for the sale of shares by the Selling Shareholders.


REGARDING ALL SELLING SHAREHOLDERS BUT CELL SOURCE, RESEARCH, INC:

The shares may be sold or distributed from time to time by the selling shareholders, directly to one or more purchasers or through brokers or dealers who act solely as agents or may acquire shares as principals, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated prices or at fixed prices, which my be changed.  The distribution of the shares may be effected in one or more of the following methods:


(1) On such public markets or exchanges as the common stock may from time to time be trading;

(2) In privately negotiated transactions;

(3) Through the writing of options on the common stock;

(4) In short sales or long; or

(5) In any combination of these methods of distribution.


Although we intend to apply for trading of our common stock on the NASD Over-The-Counter Bulletin Board, public trading of our common stock may never materialize. If our common stock becomes traded on the NASD Over-The-Counter Bulletin Board or another exchange, then the sales price to the public will vary according to the selling decisions of each selling shareholder and the market for our stock at the time of resale. In these circumstances, the sales price to the public may be:


(6) The market price of our common stock prevailing at the time of sale;

(7) A price related to such prevailing market price of our common stock; or

(8) Such other price as the selling shareholders determine from time to time.

(9) The shares may also be sold in compliance with the Securities and Exchange Commission’s Rule 144.


The selling shareholders may also sell their shares directly to market makers acting as agents in unsolicited brokerage transactions. Any broker or dealer participating in such transactions as agent, may receive a commission from the selling shareholders, or, if they act as agent for the purchaser of such common stock, from such purchaser. The selling shareholders will likely pay the usual and customary brokerage fees for such services. If applicable, the selling shareholders may distribute shares to one or more entities, who are unaffiliated with us. Such entities may, in turn, distribute such shares as described above.


We can provide no assurance that all or any of the common stock offered will be sold by the selling shareholders.



23




We are bearing all costs relating to the registration of the common stock.  The selling shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.  The estimated costs of the offering borne by the company for legal and accounting fees are $15,000.


The selling shareholders must comply with the requirements of the Securities Act of 1933 and the Securities Exchange Act in the offer and sale of the common stock.


REGARDING CELL SOURCE RESEARCH, INC:


As soon as practicable after this Registration Statement is declared effective by the US Securities and Exchange Commission, Cell Source Research, Inc. plans to distribute all of its common shares of ADT to its 304 shareholders (“Cell Source Shareholders”)


The shares may be sold or distributed from time to time by the Cell Source Shareholders, directly to one or more purchasers or through brokers or dealers who act solely as agents or may acquire shares as principals, at market prices prevailing at the time of sale, at prices related to such prevailing market prices, at negotiated prices or at fixed prices, which my be changed.  The distribution of the shares may be effected in one or more of the following methods:


(1) On such public markets or exchanges as the common stock may from time to time be trading;

(2) In privately negotiated transactions;

(3) Through the writing of options on the common stock;

(4) In short sales or long; or

(5) In any combination of these methods of distribution.


Although we intend to apply for trading of our common stock on the NASD Over-The-Counter Bulletin Board, public trading of our common stock may never materialize. If our common stock becomes traded on the NASD Over-The-Counter Bulletin Board or another exchange, then the sales price to the public will vary according to the selling decisions of each selling shareholder and the market for our stock at the time of resale. In these circumstances, the sales price to the public may be:


(6) The market price of our common stock prevailing at the time of sale;

(7) A price related to such prevailing market price of our common stock; or

(8) Such other price as the Cell Source Shareholders determine from time to time.

(9) The shares may also be sold in compliance with the Securities and Exchange Commission’s Rule 144.


The Cell Source Shareholders may also sell their shares directly to market makers acting as agents in unsolicited brokerage transactions. Any broker or dealer participating in such transactions as agent, may receive a commission from the Cell Source Shareholders, or, if they act as agent for the purchaser of such common stock, from such purchaser. The Cell Source Shareholders will likely pay the usual and customary brokerage fees for such services. If applicable, the Cell Source Shareholders may distribute shares to one or more entities who are unaffiliated with us. Such entities may, in turn, distribute such shares as described above.




24



We can provide no assurance that all or any of the common stock offered will be sold by the Cell Source Shareholders.


We are bearing all costs relating to the registration of the common stock.  The Cell Source Shareholders, however, will pay any commissions or other fees payable to brokers or dealers in connection with any sale of the common stock.  The estimated costs of the offering borne by the company for legal and accounting fees are $15,000.


The Cell Source Shareholders must comply with the requirements of the Securities Act of 1933 and the Securities Exchange Act in the offer and sale of the common stock.

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Some of the statements under the "Prospectus Summary," "Risk

Factors," "Management Discussion and Analysis or Plan of Operation,"

"Business" and elsewhere in this prospectus constitute forward-looking statements. The "safe harbor" for forward-looking statements does not apply to this offering since it is an initial public offering of our securities. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievement expressed or implied by such forward-looking statements. Such factors include, among other things, those listed under "Risk Factors" and elsewhere in this prospectus.


In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "intend", "expects," "plan," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms or other comparable terminology.


Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.

Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of such statements. We are under no duty to update any of the forward-looking statements after the date of this prospectus.


DIRECTORS AND EXECUTIVE OFFICERS


The following is information regarding our sole executive officer and director as ofMarch 22, 2007.There are no other persons nominated or chosen to become directors or executive officers nor do we have any employees other than above.





Name

Age

Position

Bernard Chan

43

CEO, President, Secretary, Principal Financial Officer, Treasurer and Director



25







Bernard Chan- CEO, President, Secretary, Principal Financial Officer, Treasurer and Director


Mr. Chan has served as our CEO, President, Secretary, Principal Financial Officer, Treasurer and Director since May 10, 2006.


From July 1, 2006 to the present, Mr. Chan has served as Chief Financial officer of Asia Payment Systems, Inc., a publicly traded Asia focus corporation which provides processing services for payment cards and loyalty cards.

 

From April 2003 to February 2006, Mr. Chan served as Chief Financial Officer of China World Trade Corp, a publicly traded China based corporation, which provides travel related services and value added business services as well as operating business centers and clubs throughout the major cities of China.


From April 2004 to the Present, Mr. Chan serves as Executive Director of Xelex Inc, a financial advisory firm based in Hong Kong.


From May 2002 to Mar 2004 Mr. Chan served as President of Xelex, Inc.


Mr. Chan is a Registered Investment Advisor, registered with the Securities and Futures Commission of Hong Kong, under the laws of Hong Kong Special Administrative Region. Mr. Chan earned his Master of Business Administration Degree in International Management and Investment Finance, Master of Science Degree in Applied Econometrics, and Bachelor of Business Administration Degree in Investment Finance, from the University of Hawaii.


During the past five years, no officer, director or control person of Asia Document Transition, Inc. has:


Any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;


Any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);


Being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and


Being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.


Term of Office


Our Directors are appointed to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board or until they resign.




26



SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth certain information regarding the beneficial ownership of the Company's Common Stock as ofMarch 22, 2007, of each officer or director of the Company, by each person or firm who owns more than 5% of the Company's outstanding shares and by all officers and directors of the Company as a group.

Title of
Class

Name and Address
of Beneficial Owner

Amount and Nature
of Beneficial Owner

Percent of Class

Common

Bernard Chan

 (a) 18,850,000

75.4%

(a)Mr. Chan is CEO, President, Secretary, Principal Financial Officer, Treasurer and Sole Director of ADT.


DESCRIPTION OF SECURITIES


The following statements are qualified in their entirety by reference to the detailed provisions of our Certificate of Incorporation and Bylaws. The shares registered pursuant to the registration statement of which this prospectus is a part are shares of common stock, all of the same class and entitled to the same rights and privileges as all other shares of common stock.


Common Stock


Pursuant to our Certificate of Incorporation, we are authorized to issue 100,000,000 shares of common stock, par value $0.001 per share. As of December 18, 2006, 25,000,000 shares of common stock were issued and outstanding.

 

The holders of our common stock are entitled to one vote per share. Our Certificate of Incorporation does not provide for cumulative voting. Upon liquidation, dissolution or winding-up of the company, the holders of our common stock are entitled to share ratably in all assets of the company that are legally available for distribution, after payment of or provision for all liabilities. The holders of our common stock have no preemptive, subscription, redemption or conversion rights.


We do not presently have any options or warrants authorized or any securities that may be convertible into common stock.


Dividend Policy


The holders of our common stock are entitled to receive dividends, if any, as may be declared by our board of directors out of legally available funds on a pro-rata basis. The company, however, has not declared or paid dividends on its common stock and the current policy of our board of directors is to retain earnings, if any, for the operation and expansion of the company.


TRANSFER AGENT




27



The transfer agent for our common stock is Colonial Stock Transfer. Colonial Stock Transfer’s address is 66 Exchange Place, Salt Lake City, UT 84111 and telephone number is 801-355-5740.


We will be subject to the State of Nevada's business combination statute. In general, the statute prohibits a publicly held Nevada corporation from engaging in a business combination with a person who is an interested shareholder for a period of three years after the date of the transaction in which that person became an interested shareholder, unless the business combination is approved in a prescribed manner. A business combination includes a merger, asset sale or other transaction resulting in a financial benefit to the interested shareholder. An interested shareholder is a person who, together with affiliates, owns, or, within three years prior to the proposed business combination, did own 15% or more of our voting stock. The statute could prohibit or delay mergers or other takeovers or change in control attempts and accordingly, may discourage attempts to acquire our Company.


INTERESTS OF NAMED EXPERTS AND COUNSEL


No named expert or counsel, namely Joseph Pittera (Legal Counsel) or Moore & Associates Chartered Accountants and Advisors (independent accountant), was hired on a contingent basis, will receive a direct or indirect interest in ADT, or was a promoter, underwriter, voting trustee, director, officer, or employee, of ADT.                      

     

DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT

LIABILITIES


Our Articles of Incorporation, as amended, provide that the Board of Directors has the power to:


- Indemnify our directors, officers, employees and agents to the fullest extent permitted by the General Corporation Law of Nevada;


- Authorize payment of expenses incurred in defending a civil or criminal action; and


- Purchase and maintain insurance on behalf of any director, officer, employee or agent.


Insofar as indemnification for liabilities arising under the Securities Act of 1933, a amended ("Securities Act") may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.


ORGANIZATION WITHIN THE LAST FIVE YEARS


ADT was incorporated on April 13, 2006. On April 26, 2006 ADT acquired all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong Incorporated Limited Company through the issuance of 18,850,000 Common Shares to Bernard Chan, 1,200,000 Common Shares to Kwok Keung Derek Kang, 1,100,000 Common Shares to Wing Hung Benny Ho, 1,150,000 Common Shares to Tak Kee Wong, 1,200,000 Common Shares to Sheung Wai Yim, and 1,000,000 Common Shares to Wai Hon Ken Wu. Mr. Kang, Mr. Ho, Mr. Wong, Mr. Yim and



28



Mr. Wu are all Selling Shareholders registering their shares for resale through this registration statement.


On July 27, 2006, Cell Source Research, Inc. decided to distribute its 124,831 of its 125,000 common shares of ADT to its 304 shareholders of record.

Such distribution will be effected as soon as possible subsequent to the registration of these common shares. Cell Source Research, Inc. is a Selling Shareholders registering their shares for resale through this registration statement.


RELATED PARTY TRANSACTIONS


Since inception, the following transactions were entered into with our sole officer and director, Bernard Chan:.


$ $87,026 was lent to the Company by Bernard Chan. These loans bear no interest and are due and payable by the Company upon demand. Minor administrative costs for the Company have been, and will in all likelihood continue to be, borne by Mr. Chan until such time as such costs may be paid out of the Company’s cash flow.


DESCRIPTION OF BUSINESS


BUSINESS DEVELOPMENT


ADT Enterprises, Inc. was recently incorporated under the laws of the State of Nevada on April 13, 2006, 2006. On April 26, 2006, ADT acquired all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong Incorporated Limited Company through the issuance of 18,850,000 Common Shares to Bernard Chan, 1,200,000 Common Shares to Kwok Keung Derek Kang, 1,100,000 Common Shares to Wing Hung Benny Ho, 1,150,000 Common Shares to Tak Kee Wong, 1,200,000 Common Shares to Sheung Wai Yim, and 1,000,000 Common Shares to Wai Hon Ken Wu. Mr. Kang, Mr. Ho, Mr. Wong, Mr. Yim and Mr. Wu are all Selling Shareholders registering their shares for resale through this registration statement. On May 10, Bernard Chan was appointed CEO, President, principal financial officer, Secretary, treasurer and sole director.


On July 27, 2006, Cell Source Research, Inc. decided to distribute its 124,831 of its 125,000 common shares of ADT to its 304 shareholders of record.

Such distribution will be effected as soon as possible subsequent to the registration of these common shares. Cell Source Research, Inc. is a selling Shareholder registering its shares through this registration statement.


To date, ADT has generated minimal revenue and is a development stage corporation.


Our office address is at 10th Floor, New York House, 60 Connaught Road, Central, in the commercial center of Hong Kong of approximately 100 square meters.  We lease the premises under a two-year term lease, expiring in 2008.  We believe that additional facilities may be needed to accommodate our future expansion plans. The telephone number of our principal executive office is 011852011-852-2545-9133and our fax number is 011-852-2850-8062. Our website is located at http://www.asiadoctrans.net. This website is currently under construction. The information contained on our website in



29



not a part of, and should not be construed as being incorporated by reference into, this Form S-B2.


PRINCIPAL SERVICES


Our plan of operations is to


(a) provide document formatting and electronic filing services for companies and individuals that desire to submit filings, such as reports, prospectuses, registration statements, and other documents pursuant to the federal securities laws, to the United States Securities and Exchange Commission (“SEC”) via the SEC's Electronic Data Gathering Analysis and Retrieval system, (“EDGAR”) and


(b) provide “virtual office” services consisting of providing phone numbers, fax numbers and mail delivery addresses to local and foreign companies desirous of establishing  a presence in Hong Kong.


DOCUMENT FORMATTING SERVICES:

The SEC requires participants or their agents to file most disclosure information in an electronic format through Edgar rather than by paper filing. This electronic format is generally delivered by direct telecommunications, but may be delivered on magnetic computer tape or by diskette. In essence, Edgar allows companies and individuals to file, and the public to retrieve, disclosure information electronically, primarily through the SEC's Edgar archive website found at http://www.SEC.gov. We convert SEC forms and exhibit documents in standard word processing and other computer formats to the Edgar format, and assembles these documents on behalf of our clients for electronic filing with the SEC.


We are a full-service Edgar filing service provider that files

Edgar reports on behalf of public companies and certain individuals.

We offer Edgar filing services utilizing HTML filing format. Our services include creating EDGAR access accounts for our clients, making a client's SEC required filings "Edgar-ready", editing client changes, and transmitting filing documents utilizing the Edgar system.

Our turnaround time for text and word processing based files is expected to be 36 hours for documents submitted to us by e-mail, diskette or any other digital format, and 72 hours for hard copy or hand-keyed documents.


We currently charge fees based upon the number of pages being filed, the number of tables required, such as in financial statements, in a document, the deadlines imposed by the filer and the amount of editing required.


Most documents will be delivered to us from our clients e-mail. For an additional charge, we will also provide typing and data entry services for documents delivered to using paper format. We do not provide any form of legal or accounting advice or editing services beyond corrections explicitly requested by our clients.


VIRTUAL OFFICE SERVICES:


We currently provide Virtual office services intended to allow local and foreign companies to establish a presence in Hong Kong at minimum cost.  Each client is assigned a dedicated phone number, a fax number and mail address.  The phone number can be forwarded to a number assigned by the client, or be answered by a well-trained individual who takes care of the communication for the client.  We also provide Internet access (we have



30



wireless broadband internet access in our office which can be accessed by clients utilizing wireless capable laptops which they provide) and a temporary meeting room, consisting of 10 square meters of space, for our clients.  Advanced booking is required for use of the meeting room and /or Internet access for which the client will incur an additional charge on an as-needed basis. These services started generating revenue in 2006 and a monthly fixed fee is charged for each account based on the level of services chosen by each individual client. These services are provided on a month-to-month basis with fees are paid in advance of the month in which these services are to be provided.


Our virtual office service packages are broken up into three categories for client’s to choose from:

A) BASIC PACKAGE: MAILING ADDRESS ONLY

B) DUAL PACKAGE: PHONE AND FAX NUMBERS ONLY

C) PREMIUM PACKAGE: MAILING ADDRESS; PHONE AND FAX NUMBERS

Prices of these packages are on a case-by-case basis and vary according to negotiation, term, volume and usage.



MARKET


DOCUMENT FORMATTING SERVICES:


At a minimum, each public company subject to the informational requirements of the Securities and Exchange Act of 1934, as amended, must file, through the SEC's Edgar system, an annual report on form 10-K or form 10-KSB and three quarterly reports on form 10-Q or form 10-QSB. Many companies are required to make substantially more filings through EDGAR, such as filings related to registration statements, reorganizations, mergers and acquisitions, material events of importance to security holders and a variety of other filings required by the federal securities laws. In addition, officers and directors of public companies subject to the informational requirements of the Securities and Exchange Act of 1934, as amended, as well as large and/or influential stockholders are required to make filings on initial shareholdings as well as changes in their status as shareholders with those companies.


We hope to capture a portion of the electronic filings made by companies and certain other entities in this market by providing what we feel to be exceptional service at competitive prices.


We provide Edgar filing services primarily to small public corporations traded on the over-the-counter market and certain individuals by marketing our services to these groups directly or through legal and accounting firms specializing in securities practices.


VIRTUAL OFFICE SERVICES:


The market for our virtual office services primarily consists of business entities seeking a cost effective long term or short-term presence in Hong Kong



DISTRIBUTION METHODS OF SERVICES


DOCUMENT FORMATTING SERVICES



31



We currently market our Edgar filing services primarily through our web site. Our website can be found at http://www.asiadoctrans.net. This website is currently under construction. The information contained on our website in not a part of, and should not be construed as being incorporated by reference into, this Form S-B2.


To date, we have provided services to one customer. To build our customer base, we plan to implement a regular campaign of direct mail to publicly held companies as well as legal and accounting firms specializing in securities practices. Additionally, we intend to further enhance our website and engage in a regular campaign of e-mail marketing.


Initially, we are focusing on targeting smaller public companies that are not large enough to require a full-time or even part-time employee to handle their filings and who would thereby benefit from outsourcing such services to us. As we grow, hire and train additional personnel and can benefit from certain economies of scale, we will seek to target larger companies for the purposes of replacing their in-house Edgar filing staff.


Because of the nature of our business and the improvements in technology, we do not foresee geographical barriers to our market. Most of our business can be managed by mail, fax or e-mail and does not require travel.


We do not believe that we will be greatly affected by seasonal factors. However, many companies file reports on a calendar year-end basis. As a result, we believe that a greater percentage of our business will occur around the deadlines set forth by the SEC for companies filing on a calendar year-end basis. Such deadlines are forty-five days after the end of each calendar quarter, and ninety-days calendar year-end.


VIRTUAL OFFICE SERVICES:


We currently engage in no marketing efforts in regards to our Virtual Office Service. To date, all clients for our Virtual Office Services have been obtained through referral. We currently have provided these services to four clients.


We intend to initially market these services through distribution of pamphlets at local business functions and through Internet banner ads.


We intend to target business entities seeking a cost effective long term or short-term presence in Hong Kong.


We do not believe that we will be greatly affected by seasonal factors.


COMPETETIVE BUSINESS CONDITIONS, OUR COMPETITIVE POSITION IN THE INDUSTRY, OUR METHODS OF COMPETITION


The current marketplace of established Edgar filing service providers is highly fragmented, with many Edgar filing service providers located throughout the country. A majority of our competition comes from law firms and outside Edgar filing service providers who have substantially greater experience, financial and other resources than we do. There is no assurance that we will be able to respond favorably to competitive pressures from these competitors We may also face additional competition in the future as new technologies increase the simplicity at which filings can be made, thereby making it more difficult for us to achieve cost savings and other benefits for our existing clients and potential customers. The barriers to



32



entry into our industry are very low and can result in continued competitive pressures, thereby having a potentially adverse effect on our financial performance.


Many filers file disclosure reports, prospectuses, registration statements, and other documents with the SEC without utilizing the services of an outside Edgar filing service provider. We compete in this segment of the market by offering savings in cost, time and logistics to such companies.


Other filers utilize the services of law firms or outside Edgar filing service providers who provide services similar to ours. We compete in this segment of the market by providing exceptional service, fast turnaround, and at competitive prices.


The current marketplace of providers of virtual office services is highly fragmented. Our competition consists of major local real estate developers and international business center operators. There is no assurance that we will be able to respond favorably to competitive pressures from these competitors. The barriers to entry into our industry are very low and can result in continued competitive pressures, thereby having a potentially adverse effect on our financial performance.


We feel we will be able to compete effectively due to our pricing flexibility. We feel we have the ability to negotiate pricing on a case-by-case basis as opposed to our larger competitors who operate according to a rigid pricing schedule.  


SOURCES AND AVAILABILITY OF RAW MATERIALS


We are in the service business, and thus we do not use raw materials or have any significant suppliers.


DEPENDENCE ON MAJOR CUSTOMERS


As of the date of this prospectus, we have provided Edgarizing services to one customer and Virtual Office Services to four customers. We do not anticipate major dependence on this, or any one, customer.


INTELLECTUAL PROPERTY


We do not have any trademarks, patents, licenses, royalty agreements, or other proprietary interest. We own the domain name, www.asiadoctrans.net.


GOVERNMENT REGULATION


Other than maintaining our good standing in the State of Nevada, complying with applicable local business licensing requirements, complying with all state and federal tax requirements, preparing our periodic reports under the Securities Exchange Act of 1934,as amended, and complying with other applicable securities laws, rules and regulations, we do not believe that existing or probable governmental regulations will have a material effect on our operations.


RESEARCH AND DEVELOPMENT ACTIVITIES


Other than initial website development of www.asiadoctrans.net, we have not undergone any research and development activity since inception. We do not



33



plan, nor do we anticipate the need for, any research and development activity over the next twelve months.


COSTS AND EFFECTS OF COMPLIANCE WITH ENVIRONMENTAL LAWS


We have not since inception, and do not anticipate, incurring any costs in relation to compliance with Federal, State or local environmental laws.


We do not anticipate current or probable Federal, State or local environmental laws having a material effect on our operations or business prospects.


EMPLOYEES


As of the date of this prospectus, we have one part-time Employee, Mr. Bernard Chan and one full-time employee. From time-to-time, we will employ additional independent contractors to support our development, technical, marketing, sales, support and administrative organizations and may hire additional part time and full time personnel. We do not believe that competition for qualified personnel in the industry in which we compete is intense due to the abundance of individuals with the ability to write in HTML, and we feel that, if required, we will be able to attract, hire or acquire, train and retain qualified employees.


REPORTS TO SECURITY HOLDERS


We are not required to deliver an annual report to security holders. However, we intend to voluntarily send an annual report to security holders upon request and this annual report will include audited financial statements.


This prospectus and exhibits will be contained in a Form SB-2 registration statement that will be filed with the Securities and Exchange Commission. We will become subject to the informational reporting requirements of the securities and exchange Act of 1934, as amended, after this prospectus has been declared effective by the Securities and Exchange Commission (“SEC”). The public may read and copy any materials filed by the Company with the SEC at the SEC's Public Reference Room at 100 F Street, NE Washington DC 20549. The public may obtain information on the operation of the SEC's Public Reference Room by calling the SEC at 1-800-SEC-0330. The public may also access our reports to the SEC through the SEC’s website which is www.sec.gov. This website site contains reports, proxy and information statements, and other information regarding issuers that file with the SEC.


MANAGEMENT DISCUSSION AND ANALYSIS OR PLAN OF OPERATION


The following discussion should be read in conjunction with

ADT's audited financial statements, including the notes thereto, appearing elsewhere in this prospectus.


History and Organization


ADT Enterprises, Inc. was organized on April 13, 2006 under the laws of the State of Nevada, and has just recently commenced operations. On April 26, 2006, ADT acquired all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong Incorporated Limited Company through the issuance of 18,850,000 Common Shares to Bernard Chan, 1,200,000 Common Shares to Kwok Keung Derek Kang, 1,100,000 Common Shares to Wing Hung Benny



34



Ho, 1,150,000 Common Shares to Tak Kee Wong, 1,200,000 Common Shares to Sheung Wai Yim, and 1,000,000 Common Shares to Wai Hon Ken Wu. Mr. Kang, Mr. Ho, Mr. Wong, Mr. Yim and Mr. Wu are all Selling Shareholders registering their shares for resale through this registration statement. On May 10, Bernard Chan was appointed CEO, President, principal financial officer, Secretary, treasurer and sole director.


On July 27, 2006, Cell Source Research, Inc. decided to distribute 124,831 of its 125,000 common shares of ADT to its 304 shareholders of record.

Such distribution will be effected as soon as possible subsequent to the registration of these common shares. The aforementioned 304 holders are all Selling Shareholders registering their shares for resale through this registration statement. To date, ADT has generated minimal revenue and is a development stage corporation.


ADT is in the business of providing document formatting and electronic filing services for companies and individuals that desire to submit filings, such as reports, prospectuses, registration statements, and other documents pursuant to the federal securities laws, to the SEC, via the SEC's Edgar system.


Plan of Operations


Our plan of operations is to (a) market and provide high quality Edgar filing services primarily to small public corporations traded on the over-the-counter market and certain individuals by marketing our services to these groups directly or through legal and accounting firms specializing in securities practices and to provide and (b) provide virtual office services consisting of providing phone numbers, fax numbers and mail delivery addresses to local and foreign companies desirous of establishing  a presence in Hong Kong.

To do this, we will, over the next twelve months in regards to our Edgarizing services, carry out an aggressive targeted marketing campaign consisting of mailings to small publicly held corporations traded on the over-the-counter markets and, over the next twelve months in regards to our Virtual Office services, market these services through distribution of pamphlets at local business functions and through Internet banner ads.


As we build a client base over the next twelve months, we plan to hire employees and independent contractors, according to our workload requirements, to assist us in providing the Edgar filing services to our clients. As of the date of this prospectus, we have not had any preliminary contact or discussions with and there are no present plans, proposal, arrangements or understandings with any independent contractor or employee.


As ofMarch 22, 2007, we have cash and cash equivalents equaling $2,646. We do not feel that this will be sufficient to satisfy our cash requirements over the next twelve months unless income from operations becomes such that we are able to generate enough cash to satisfy our cash needs.


In the event that additional cash must be raised in order to satisfy our cash requirements over the next twelve months, we intend to depend on loans from and/or sale of equity securities to Bernard Chan, our sole Officer and Director. We also may attempt to sell common shares to, or borrow money from, others in transactions exempt from the registration requirements of the Securities Act of 1933, as amended. We can grant no assurance that, in the event that additional funds are required, the abovementioned loans or sales of common shares will occur on terms favorable to us, if at all.



35




Off Balance Sheet Arrangements


We are not currently party to any Off Balance Sheet arrangements.


Description of Properties


We have our corporate headquarters in the 10th Floor, New York House, 60 Connaught Road, Central, in the commercial center of Hong Kong.


We lease these facilities, which are approximately 100 meters, under an operating lease commencing May 28, 2006 and expiring May 28, 2008.


Pursuant to the lease, we are obligated to pay monthly rent of 12,210 Hong Kong Dollars as well as a management fee of 3,744 Hong Kong Dollars.


Minimum lease commitments per calendar year at June 30, 2006 are summarized as follows:


                  2006-----------------------------    $  63,816

                  2007-----------------------------      187,128

                  2008-----------------------------       77,970

  

Certain Relationships and Related Transactions


ADT has not, since inception, entered into any transaction or series of transactions exceeding $60,000 with any director or executive officer, any holder of in excess of 5% of our common shares outstanding, or any immediate family members of either of any director or executive officer or any holder of in excess of 5% of our common shares outstanding


Market for Common Equity and Related Stockholder Matters


(a) There has never been and there currently is no public market for our securities. We anticipate applying for trading of our common stock on the over the counter bulletin board (OTC BB), however, we can provide no assurance that our shares will be traded on the bulletin board or, if traded, that a public market will materialize


(b) Holders. As of October 24, 2006 there were 9 holders of our common stock. It is anticipated that, subsequent to the distribution by Cell Source Research, Inc. of 124,831 of its 125,000 common shares of ADT owned by it to its common shareholders, there will be approximately 314 holders of our common stock.


(c) Dividends. No dividends were paid during the period from inception to October 24, 2006. We do not expect to declare dividends for the immediate future.


Executive Compensation


We have made no provisions for cash compensation to our executive officer and director. No salaries are being paid at the present time, and will not be paid unless and until there is available cash flow from operations to pay salaries. There were no grants of options or SAR grants given to any of our executive officers during the period from inception to October 24, 2006.




36



We do not presently have a stock option plan. Currently, we do not anticipate creating a stock option plan.


Employment Agreements


We have not entered into any employment agreements with our sole employee.


LEGAL PROCEEDINGS


We are not a party to any pending legal proceeding. To our knowledge, no federal, state or local governmental agency is presently contemplating any proceeding against us. No director, executive officer or affiliate of us or owner of record or beneficially of more than five percent of our common stock is a party adverse to us or has a material interest adverse to us in any proceeding.


LEGAL MATTERS


The validity of the shares offered under this prospectus is being passed upon for us by Joseph L. Pittera, Esq.


EXPERTS


The financial statements of ADT Enterprises, Inc. for the period from inception on April 13, 2006 through June 30, 2006 included in this prospectus have been examined by Moore & Associates Chartered Accountants and Advisors, independent certified public accountants, as indicated in their report, and are included in this prospectus in reliance on the report given upon the authority of that firm as experts in accounting and auditing.





37



FINANCIAL STATEMENTS


MOORE & ASSOCIATES, CHARTERED

ACCOUNTANTS AND ADVISORS

                      PCAOB REGISTERED




REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




To the Board of Directors

Asia Document Transition Inc. (A Development Stage Company) Las Vegas, Nevada


We have audited the accompanying balance sheet of Asia Document Transition Inc. (A Development Stage Company) as of June 30, 2006, and the related statements of operations, stockholders’ equity and cash flows from inception April 13, 2006, through June  30,  2006,  and  the  period  then  ended.    These  financial  statements  are  the responsibility  of  the  Company’s  management.    Our  responsibility  is  to  express  an opinion on these financial statements based on our audits.


We  conducted  our  audits  in  accordance  with  standards  of  the  Public  Company Accounting Oversight Board (United States).  Those standards require that we plan and perform  the  audits  to  obtain  reasonable  assurance  about  whether  the  financial statements are free of  material misstatement.

An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made   by   management,   as   well   as   evaluating   the overall   financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.


In our opinion, the financial statements referred to above  present fairly, in all  material respects, the financial position of Asia Document Transition Inc (A Development Stage Company) as of June 30, 2006 and the results of its operations and its cash flows from inception April 13, 2006, through June 30, 2006 and the period then ended, in conformity with accounting principles generally accepted in the United States of America.


The  accompanying  financial   statements  have  been  prepared  assuming  that  the Company will continue  as a going concern.  As discussed in Note 7  to the financial statements, the Company’s limited operations and incurred losses as of June 30, 2006 raise substantial doubt  about its ability to continue as a going concern.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.



/s/ Moore & Associates Chartered


Moore & Associates Chartered

Las Vegas, Nevada

September 25, 2006


2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146 (702) 253-7511 Fax (702) 253-7501



38



ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED BALANCE SHEET AS OF JUNE 30,2006


Assets:

 

Current Assets

 

                Cash

$  3,598 

                Prepaid Expenses:

 

                Prepaid Rent

    1,727 

                Prepaid Building Management

 

                Fee

       636 

Total Current Assets

    6,321 

Other Assets

 

                Deposits:

 

                Security Deposit

    6,404 

                Electrical

       297 

                Cross Border Travel Permit

    6,450 

                Furniture and Fixtures:

 

                Furniture and Fixtures

    1,199 

                Goodwill

  25,428 

Total Other Assets

  39,418 

Total Assets

$45,739 

  

Liabilities and Share Holder’s Equity:

 

Liabilities

 

Current Liabilities:

 

Notes Payable

 (Related Parties)

$ 24,310 

Total Current Liabilities

   24,310 

  

Shareholder's Equity

 

Common Stock

(100,000,000, .001 Par Value Shares Authorized, 25,000,000 Shares issued and outstanding)

   25,000 

Additional Paid in Capital

       875 

Deficit accumulated during the Development Stage

     (4,446)

Shareholder's Equity

  21,429 

  

Total Liabilities and Shareholder's Equity

$45,739 

  

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

 












ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED PROFIT AND LOSS STATEMENT

FOR THE PERIOD FROM INCEPTION (APRIL 13,2006) TO JUNE 30, 2006



                 Revenues:

Net sales, Document Formatting

$1,000

Net sales, Virtual Office Services

290

Total Net Sales

1,290

Cost of Services

500

                 Gross Profit

790



Operating Expenses:

Selling, General and Administrative Expenses

5,236

Loss from Operations

(4,446)

Net Loss before Taxes

  4,446

                 Income Taxes

0

Net Loss

$(4,446)

Loss per Share

0

Weighted Average Common Shares Outstanding

20,902,242















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



39








ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

STATEMENT OF CHANGES IN SHAREHOLDER EQUITY FOR THE PERIOD FROM INCEPTION

(APRIL 13, 2006) TO JUNE 30, 2006




Common Stock

Shares

Common Stock

Amount

Additional

Paid in Capital

Deficit Accumulated during

Development stage

Total

Shares issued for services

April 13,2006

125,000

$   125

$875

 

$1,000

Shares issued for services

April 17,2006

375,000

     375

  

      375

Shares issued for Acquisition of Vast Opportunity Ltd.

April 26,2006

24,500,000

24,500

  

  24,500

Net Loss for Period

   

(4,446)

(4,446)


_____________

_____________

_____________

_____________

_____________

Balance

June 30,2006

25,000,000

$25,000

$875

$(4,446)

$21,429







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





40




ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED STATEMENT OF CASH FLOW

PERIOD FROM INCEPTION (APRIL 13,2006) TO JUNE 30, 2006



CASH FLOW FROM OPERATING ACTIVITIES

Net Loss

$(4,446)

Adjustments to reconcile net loss to net cash (used in) provided by operating activities

Stock issued for services

1,375

Increase in Prepaid Expenses and Deposits

(15,514)

Net Cash provided by (used in) Operating Activities

(18,585)



CASH FLOWS FROM INVESTING ACTIVITIES



Purchase of Furniture/Fixtures

(1,199)

Net Cash provided by (used in) Investing activities

(1,199)



CASH FLOWS FROM FINANCING ACTIVITIES

Increase in Notes Payable (Related Parties)

23,382

Net Cash provided by (used in) Financing Activities

23,382



NET INCREASE (DECREASE) IN CASH

3,598



Cash beginning of period

0

Cash end of period

$3,598



Supplemental disclosure of Non Cash Activity

Note Payable (Related Party) assumed in Acquisition

of Vast Opportunity

928
























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





41




ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT



NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS


Asia Document Transition, Inc. (the “Company”) was incorporated in the State of Nevada on April 13, 2006. The Company is in the business of (a) providing services consisting of converting documents from word processing format to HTML in order that they may be filed with the U.S.  Securities and Exchange Commission ("SEC") electronically  through EDGAR, the SEC's Electronic Data Gathering,  Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within  Hong Kong . The Company has been in the development stage since formation on April 13, 2006 and has only generated minimal revenue to date.



NOTE 2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



A.   Basis of Accounting


The Company’s financial statements are prepared using the accrual method of accounting.  The Company has elected a June 30 fiscal  year-end.




B. Revenue Recognition


Revenues from document formatting and Virtual Office Services are recognized at the time the services are provided to the customer.





C.   Basic Earnings per (loss) Share


In February 1997, the FASB issued SFAS No. 128, “Earnings Per Share”, which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.  SFAS No. 128 supersedes the

provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share.  The Company has adopted the provisions of SFAS No. 128 effective April 13, 2006(inception).










42



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT

(continued)


Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.



D.   Cash and Cash Equivalents  


For purpose of reporting the statement of flows, cash and cash equivalents include highly liquid investments with investments with maturities of three months or less at the time of purchase.



E.

 Fixed Assets





The value of fixed assets is at historical cost as required by generally accepted accounting principles. Depreciation is calculated on a straight-line over the expected useful life of the asset as follows:



Furniture and fixtures                 5 years





Fixed assets at June 30, 2006 are comprised as follows:



Furniture and Fixtures

$ 1,199





No depreciation has been claimed as no fixed assets have been put into use as of June

30,2006.



F.   Goodwill


 In June 2001, the Financial Accounting Standards Board issued Statements of Financial Accounting Standards No. 141, “Business Combinations”, and No. 142, “Goodwill and Other Intangible Assets”, effective for fiscal years beginning after December 15, 2001. Under the rules, the pooling of interests method of accounting for acquisitions is no longer allowed and goodwill and intangible assets deemed to have indefinite lives will no








43



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT

(continued)


longer be amortized but will be subject to annual impairment tests in accordance with the

Statements.


The Company performed the annual tests at June 30, 2006, and has determined there to be no impairment of the goodwill. The net carrying value of goodwill at  June 30, 2006 is

$25,428.




G. Foreign currency translation


Assets and liabilities of the Company whose functional currency is the Hong Kong dollar are translated into U.S. dollars at exchange rates prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the year. The net exchange differences resulting from these translations are reported in  other  income. Gains and losses resulting from foreign currency transactions are included in the consolidated statements of operations. There are no exchange differences

or Gains and Losses resulting from foreign currency translations to report for the period commencing with inception and ending June 30, 2006.



H. Notes Payable


Notes Receivable consist of  $24,310 for loans made by Bernard Chan to the Company and the Company’s wholly owned subsidiary, Vast Opportunity Ltd. These loans bear no interest and are due and payable by the Company upon demand.





I.

Use of Estimates


The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and













44



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT

(continued)

liabilities at the date of the financial statement and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.



J.

Development Stage


The Company continues to devote substantially all of its efforts in the development of its plan to(a) provide services consisting of converting documents from word processing format to HTML in order that they may be filed with the SEC  electronically  through EDGAR, the SEC's Electronic Data Gathering,  Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within  Hong Kong .



K.

Income Taxes



The Company accounts for income taxes under the statement of Financial Accounting Statement No. 109, Accounting for Income Taxes,’ (“SFAS109).  Under SFAS 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement-carrying basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates are recognized in the income in the period that included the enactment date.  There were no current or deferred income tax expense or benefits due to the fact that the Company did not have any material operations for the period from May 2, 2005 (inception) through May 20, 2005.




NOTE 3.   COMMON STOCK




The Company is authorized to issue 100,000,000 shares of common stock at $0.001 par value.



On April 13, 2006 the Company issued 125,000 shares of common stock in exchange for

$1,000 of services to Cell Source Research, Inc., its parent company.


On April 17,2006 the Company issued 375,000 shares of common stock to an outside consultant for services.







45



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT

(continued)

On April 26,2006 the Company issued 24,500,000 shares of common stock to acquire all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong corporation.





NOTE 4.   WARRANTS AND OPTIONS



There are no warrants or options outstanding to acquire any additional shares of common stock.





NOTE 5.   TRANSACTIONS WITH RELATED PARTY




On April 26, 2006, Bernard Chan, the Company’s sole Officer and Director, received

18,850,000 common shares of the Company in connection with the Company’s acquisition of Vast Opportunity, Ltd.


The Company is indebted to Bernard Chan in the amount of  $24,310 for loans made by Bernard Chan to the Company and the Company’s wholly owned subsidiary, Vast Opportunity Ltd. These loans bear no interest and are due and payable by the Company upon demand.




NOTE 6.  ACQUISITION OF VAST OPPORTUNITY LIMITED


On April 26, 2006, ADT acquired all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong incorporated limited company, through the issuance of 24,500,000 Common Shares to the shareholders of Vast Opportunity Limited. Vast Opportunity Limited is, and was since its inception, a corporation with minimal operations.  As of the date of the acquisition, Vast Opportunity Limited had assets of

$374 and total liabilities of $1,302.  The acquisition resulted in the creation of Goodwill in the amount of $25,428.














46



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO FINANCIAL STATEMENT

(continued)


NOTE 7.  GOING CONCERN


To date the Company has had limited sales due to the early stage of its efforts to transition into the marketing of its services.   The Company has incurred  losses from operations since inception. These factors create uncertainty as to the Company's ability to continue as a going concern.




NOTE 8.  DESCRIPTION OF LEASING ARRANGEMENTS


The  Company  leases  its  facilities  under an operating  lease  commencing May 28,

2006 and expiring May 28, 2008. Rent expense totaled $0 for the period from inception to June 30, 2006, as the lease provided the Company with a 61 day rent free period commencing from and inclusive of the Lease Commencement Date.




Pursuant to the lease, the Company is obligated to pay monthly rent of 12,210 Hong

Kong Dollars as well as a management fee of 3,744 Hong Kong Dollars.

Minimum lease commitments per calendar year at June 30, 2006 are summarized as follows (in Hong Kong Dollars):



                  2006-----------------------------    $  63,816

                  2007-----------------------------       187,128

                  2008-----------------------------         77,970




NOTE 9.  SUBSEQUENT EVENTS



In July, 2006, the Company   purchased a motor vehicle at a cost of 308,000 Hong

Kong Dollars.



















47



ASIA DOCUMENT TRANSITION, INC.

UNAUDITED INTERIM FINANCIAL STATEMENTS

For the period commencing October 1, 2006 and ending December 31, 2006


ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED BALANCE SHEET

AS OF DECEMBER 31,2006

     

Assets: Current Assets

    

                                  Cash

  

 $        2,970

 

                                  Prepaid Expenses:

    

                                  Prepaid Rent

  

           1,727

 

                                  Prepaid Building Management

    

                                  Fee

  

              636

 

                                  Pre-payment-Legal fee

  

              625

 

Total Current Assets

  

           5,958

 

Other Assets

    

                                  Deposits:

    

                                  Security Deposit

  

           6,404

 

                                  Electrical

  

              297

 

                                  Cross boarder travel permit

  

           6,450

 

                                  Vehicle

  

         41,429

 

                                       -Accumulated Depreciation

  

          (2,466)

 

                                  Copier

  

              681

 

                                       -Accumulated Depreciation

  

              (45)

 

                                  Furniture and Fixtures

  

           1,199

 

                                       -Accumulated Depreciation

  

             (120)

 

                                  Computer

  

           1,774

 

                                  Goodwill

  

         25,428

 

Total Other Assets

  

         81,031

 

Total Assets

  

 $      86,989

 
     

Liabilities and Share Holder’s Equity: Liabilities

    

Current Liabilities:

    

Notes Payable

  

 $      87,026

 

Total Current Liabilities

  

         87,026

 
     

Shareholder's Equity

    

Common Stock

    

(100,000,000, .001 Par Value Shares Authorized, 25,000,000 Shares issued and outstanding)

  

         25,875

 

Deficit accumulated during the

    

Development Stage

  

        (25,913)

 

Shareholder's Equity

  

              (38)

 

Total Liabilities and Shareholder's Equity

  

 $      86,989

 

The accompanying notes are an integral part of these financial statements




48






ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED PROFIT AND LOSS STATEMENT

FOR THE PERIODS ENDED DECEMBER 31, 2006

          
     

For the 3-month period ended December 31,2006

 

For the 6-month period ended December 31, 2006

 

From Inception April 13, 2006 to Dec 31, 2006 (Cumulative)

Revenue:

         

Net Sale: Document Formating

  

 $                 - 

 

 $        1,483 

 

 $         2,483 

Net Sale: Virtual Office

  

              3,484 

 

           4,470 

 

            4,760 

Total Net Sale

   

              3,484 

 

           5,953 

 

            7,243 

Cost of Service

   

 - 

 

 - 

 

              500 

Gross Profit:

   

 $            3,484 

 

 $        5,953 

 

 $         6,743 

          
          

Operating Expense:

        

Selling, General and Administrative Expenses

 

 $            8,362 

 

 $       24,788 

 

 $       30,024 

Depreciation Expenses

  

              1,574 

 

           2,632 

 

            2,632 

Loss from operation

   

             (6,453)

 

        (21,467)

 

(25,913)

          

Net loss before tax

   

             (6,453)

 

        (21,467)

 

(25,913)

Income Tax

   

 

 - 

 

Net loss

    

 $           (6,453)

 

 $      (21,467)

 

 $      (25,913)

          

Weighted Average Common Shares Outstanding

 

      20,902,242 

 

20,902,242 

 

20,902,242 

          

Loss per Share

   

 $                 (0)

 

 $              (0)

 

 $              (0)

The accompanying notes are an integral part of these financial statements




















49



ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

STATEMENT OF CHANGES IN SHAREHOLDER EQUITY FOR THE PERIOD FROM

Oct 01, 2006 To December 31, 2006


 

Common Stock

Shares

Common Stock

Amount

Additional Paid in

Capital

Deficit Accumulated during

The Development Stage

Total


Shares issued for services

April 13, 2006

125,000

$125

$875

 

$1,000


Shares issued for services

April 17,2006

375,000

375

  

375

Shares issued for

Acquisition of Vast Opportunity Ltd.

April 26,2006

24,500,000

24,500

  

24,500

Net Loss  from Inception

(April 13, 2006) to September 30, 2006

   

(19,460)

(19,460)

Net Loss for the period from

Oct 01, 2006 to December 31, 2006

   

     (6453)

     (6453)

 

_____________

_____________

_____________

_____________

_____________

Balance

December 31, 2006

25,000,000

$25,000

$875

   $(25,913)

   $(38)

The accompanying notes are an integral part of these financial statements

























50






ASIA DOCUMENT TRANSITION, INC.

(A Development Stage Company)

CONSOLIDATED STATEMENT OF CASH FLOW

AS OF DECEMBER 31, 2006

 

For the 3-month period ended December 31,2006

 

For the 6-month period ended December 31, 2006

 

From Inception April 13, 2006 to Dec 31, 2006 (Cumulative)

      
      

CASH FLOW FROM OPERATING ACTIVITIES

     

Net Loss                                                                                                                                                                                                                                                     

 $         (6,453)

 

 $       (21,467)

 

 $       (25,913)

Adjustments to reconcile net loss to net cash (used in) provided by operating activities                     

     

                        Stock issued for services

    

             1,375 

            Depreciation Expense

             1,574 

 

             2,632 

 

             2,632 

            Increase in Pre-payment and deposit

              (625)

 

              (625)

 

          (16,139)

Net Cash provided by (used in) Operating Activities                                                                       

 $         (5,504)

 

 $       (19,460)

 

 $       (38,044)

      

CASH FLOWS FROM INVESTING ACTIVITIES

     
      

Purchase of computer                                                                                                  

             1,774 

 

             1,774 

 

             1,774 

Purchase of vehicle

  

           42,111 

 

           42,111 

Purchase of furniture/fixture

    

             1,199 

Net Cash provided by (used in) Investing activities                                                                          

 $         (1,774)

 

 $       (43,885)

 

 $       (45,084)

      

CASH FLOWS FROM FINANCING ACTIVITIES

     

Increase in Notes Payable (Related Parties)                                                                                   

             6,677 

 

           62,716 

 

           86,098 

Net Cash provided by (used in) Financing Activities                                                                           

 $          6,677 

 

 $        62,716 

 

 $        86,098 

      
      

NET INCREASE (DECREASE) IN CASH

              (600)

 

              (628)

 

             2,970 

      
      

Cash beginning of period                                                                                                                      

             3,570 

 

             3,598 

 

                  - 

Cash end of period                                                                                                                              

 $          2,970 

 

 $          2,970 

 

 $          2,970 

      

The accompanying notes are an integral part of these financial statements













51



ASIA DOCUMENT TRANSITION, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO UNAUDITED FINANCIAL STATEMENTS

As of December 31,2006



NOTE 1.   ORGANIZATION AND DESCRIPTION OF BUSINESS


Asia Document Transition, Inc. (the “Company”) was incorporated in the State of Nevada on April 13, 2006. The Company is in the business of (a) providing services consisting of converting documents from word processing format to HTML in order that they may be filed with the U.S.  Securities and Exchange Commission ("SEC") electronically  through EDGAR, the SEC's Electronic Data Gathering,  Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within  Hong Kong . The Company has been in the development stage since formation on April 13, 2006 and has only generated minimal revenue to date.


NOTE 2.  INTERIM FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by Asia Document Transition 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. The results of operations presented in the accompanying condensed fina ncial statements for the period commencing August 1 and ending December 31, 2006 are not necessarily indicative of the operating results that may be
expected for the full year ending June 30, 2007. These statements should be read in conjunction with the Company's audited financial statements for the period commencing with inception and ending December 31, 2006.



NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



A. General

The financial statements of Asia Document Transition,  Inc. (the Company), included herein, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in accordance  with accounting principles generally accepted in the United States of  America.


B.   Basis of Accounting

The Company’s financial statements are prepared using the accrual method of accounting.  The Company has elected a June 30 fiscal year-end.



C. Revenue Recognition


Revenues from document formatting and Virtual Office Services are recognized at the time the services are provided to the customer.


52






D.   Basic Earnings per (loss) Share


In February 1997, the FASB issued SFAS No. 128, “Earnings Per Share”, which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock.  SFAS No. 128 supersedes the provisions of APB No. 15, and requires the presentation of basic earnings (loss) per share and diluted earnings (loss) per share.  The Company has adopted the provisions of SFAS No. 128 effective April 13, 2006(inception).



Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding.  Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.



E.   Cash and Cash Equivalents  


For purpose of reporting the statement of flows, cash and cash equivalents include highly liquid investments with investments with maturities of three months or less at the time of purchase.



F.

 Fixed Assets


The value of fixed assets is at historical cost as required by generally accepted accounting principles. Depreciation is calculated on a straight-line over the expected useful life of the asset as follows:



Furniture and fixtures                 5 years


   Copier

           5 years



  Vehicle

      7 years


Computer

      5 years



Fixed assets at December 31, 2006 are comprised as follows:


  Furniture and Fixtures

Copier

Vehicle

 Computer   Total

Book value of fixed assets

             $1199

$681

$41429

       -              $43309

 

Purchase of Asset

    -             -              -      

   $1774         $1774                      


  Depreciation charged for the                       ($60)      ($34)       ($1480)          -           ($1574)

  Period



Accumulated Depreciation b/f

              ($60)      ($11)

($986)

         -           ($1057)

   

  Balance as at September 30

  2006

             $1079      $636      $38963     $1774        $42452   



G.   Goodwill



53



In June 2001, the Financial Accounting Standards Board issued Statements of Financial Accounting Standards No. 141, “Business Combinations”, and No. 142, “Goodwill and Other Intangible Assets”, effective for fiscal years beginning after December 15, 2001. Under the rules, the pooling of interests method of accounting for acquisitions is no longer allowed and goodwill and intangible assets deemed to have indefinite lives will no longer be amortized but will be subject to annual impairment tests in accordance with the Statements.


The Company will perform the annual tests on goodwill on June 30 every year.




H. Foreign currency translation


Assets and liabilities of the Company whose functional currency is the Hong Kong dollar are translated into U.S. dollars at exchange rates prevailing at the balance sheet date. Revenues and expenses are translated at average exchange rates for the year. The net exchange differences resulting from these translations are reported in other income. Gains and losses resulting from foreign currency transactions are included in the consolidated statements of operations. There are no exchange differences

or Gains and Losses resulting from foreign currency translations to report for the period commencing with inception and ending December 31, 2006.



I. Notes Payable


Notes Payable consist of $87,026 for loans made by Bernard Chan to the Company and the Company’s wholly owned subsidiary, Vast Opportunity Ltd. These loans bear no interest and are due and payable by the Company upon demand.





J.

Use of Estimates


The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenue and expenses during the reporting period.  Actual results could differ from those estimates.



K.

Development Stage


The Company continues to devote substantially all of its efforts in the development of its plan to(a) provide services consisting of converting documents from word processing format to HTML in order that they may be filed with the SEC  electronically  through EDGAR, the SEC's Electronic Data Gathering,  Analysis, and Retrieval system and (b) providing of mailing address, phone and fax service, internet access temporary meeting space (“Virtual Office Services”) to small and single operator businesses within  Hong Kong .



L.

Income Taxes



54





The Company accounts for income taxes under the statement of Financial Accounting Statement No. 109, Accounting for Income Taxes,’ (“SFAS109).  Under SFAS 109, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement-carrying basis.  Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.  The effect on deferred tax assets and liabilities of a change in tax rates are recognized in the income in the period that included the enactment date.  There were no current or deferred income tax expense or benefits due to the fact that the Company was operating at loss for the period since inception to December 31, 2006.





NOTE 4.   COMMON STOCK


The Company is authorized to issue 100,000,000 shares of common stock at $0.001 par value.



On April 13, 2006 the Company issued 125,000 shares of common stock in exchange for $1,000 of services to Cell Source Research, Inc., its parent company.


On April 17,2006 the Company issued 375,000 shares of common stock to an outside consultant for services.


On April 26,2006 the Company issued 24,500,000 shares of common stock to acquire all of the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong corporation.



NOTE 5.   WARRANTS AND OPTIONS



There are no warrants or options outstanding to acquire any additional shares of common stock.



NOTE 6.   TRANSACTIONS WITH RELATED PARTY




The Company is indebted to Bernard Chan in the amount of $87,026 for loans made by Bernard Chan to the Company and the Company’s wholly owned subsidiary, Vast Opportunity Ltd. These loans bear no interest and are due and payable by the Company upon demand.



  NOTE 7.  GOING CONCERN


To date the Company has had limited sales due to the early stage of its efforts to transition into the marketing of its services.   The Company has incurred losses from operations since inception. These factors create uncertainty as to the Company's ability to continue as a going concern.





55




NOTE 8.  DESCRIPTION OF LEASING ARRANGEMENTS


The  Company  leases  its  facilities  under an operating  lease  commencing May 28,

2006 and expiring May 28, 2008. Rent expense totaled $63,816 Hong Kong Dollars for the period from inception to December 31, 2006, as the lease provided the Company with a 61 day rent free period commencing from and inclusive of the Lease Commencement Date.



Pursuant to the lease, the Company is obligated to pay monthly rent of 12,210 Hong

Kong Dollars as well as a management fee of 3,744 Hong Kong Dollars.

Minimum lease commitments per calendar year at December 31, 2006 are summarized as follows (in Hong Kong Dollars):



                  2007-----------------------------       187,128

                  2008-----------------------------         77,970



CHANGES AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE


We have not changed accountants or experienced any disagreements with our accountants since inception.



































56




















































Until (insert date),  dealers that effect transactions in these securities may be required to deliver a prospectus.

PART II


INFORMATION NOT REQUIRED IN PROSPECTUS

                                                                                                                                             

INDEMNIFICATION OF DIRECTORS AND OFFICERS




57



Our articles of incorporation provide that we will indemnify an officer, director, or former officer or director, to the fullest extent permitted by the Nevada Corporation Law, a director of this corporation shall not be liable to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director. We have been advised that in the opinion of the Securities and Exchange Commission indemnification for liabilities arising under the Securities Act of 1933 is against public policy as expressed in the Securities Act of 1933, and is, therefore, unenforceable.


OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION


The following table sets forth the expenses in connection with the issuance and distribution of the securities being registered hereby. All such expenses will be borne by the registrant; none shall be borne by any Selling Shareholders

.

Securities and Exchange Commission Registration Fee

$65.80

 

 

Legal Fees and Expenses

$10,000

 

 

Accounting Fees and Expenses

$3500

 

 

Miscellaneous (1)

$1000

 

 

Total (1)

$14,500

 

 

 

 

(1)Estimated

 


RECENT SALES OF UNREGISTERED SECURITIES


On April 24, 2006, the Company issued 125,000 shares of common stock, in exchange for $1,000 paid on ADT’s behalf for formation and incorporation fees, to Cell Source Research, Inc., its former parent company. The shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended.


No underwriters were retained to serve as placement agents for the sale. The shares were sold directly through the management of the Company.  No commission or other consideration was paid in connection with the sale of the shares. There was no advertisement or general solicitation made in connection with this Offer and Sale of shares.


On April 24, 2006, the Company issued 375,000 Common Shares to V3 Consulting, Inc. for providing assistance in the formation of ADT.

The shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended.


No underwriters were retained to serve as placement agents for the sale. The shares were sold directly through the management of the Company.  No commission or other consideration was paid in connection with the sale of the shares. There was no advertisement or general solicitation made in connection with this Offer and Sale of shares.



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On April 26, 2006, ADT acquired all the issued and outstanding shares of Vast Opportunity Limited, a Hong Kong Incorporated Limited Company through the issuance of 18,850,000 Common Shares to Bernard Chan, 1,200,000 Common Shares to Kwok Keung Derek Kang, 1,100,000 Common Shares to Wing Hung Benny Ho, 1,150,000 Common Shares to Tak Kee Wong, 1,200,000 Common Shares to Sheung Wai Yim, and 1,000,000 Common Shares to Wai Hon Ken Wu. The shares were issued pursuant to Section 4(2) of the Securities Act of 1933, as amended.


No underwriters were retained to serve as placement agents for the sale. The shares were sold directly through the management of the Company.  No commission or other consideration was paid in connection with the sale of the shares. There was no advertisement or general solicitation made in connection with this Offer and Sale of shares.


EXHIBIT INDEX

3.1

Certificate of Incorporation of Asia Document Transition, Inc.*

3.2

Bylaws*

10.1

Lease by and between Vast Opportunity, Ltd and Hung Fook Development Corp.*

10.1

Agreement by and between Asia Document Transition, Inc. and V3 Consulting, inc.*

10.2

Agreement by and between Kwong Keung Kang and Asia Document Transition, Inc.*

5.1

Opinion of Joseph L.  Pittera*

23.1

Consent of Independent Certified Public Accounting Firm*


* Filed Previously


UNDERTAKINGS


A.     The undersigned Registrant hereby undertakes:


(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to:


(i) Include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;


(ii) Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information set forth in the registration statement.  Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and


(iii) Include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.


(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be



59



deemed to be a new registration statement relating to the securities offered therein, and the offering therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.


(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.


B.     Undertaking Required by Regulation S-B, Item 512(e).


Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or controlling persons pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel that the matter has been settled by controlling precedent, subm it to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.



      

SIGNATURES


Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form SB-2 and has duly caused this registration statement to be signed on our behalf by the undersigned in the country of Hong Kong on April 2, 2007.



By:/s/Bernard Chan

Name: Bernard Chan

Title: Chief Executive Officer

Date:April 2, 2007





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