Form 10QSB Home System Group

Quarterly report pursuant to section 13 and 15(d) for small business issuers

What is Form 10QSB?
  • Accession No.: 0001221508-03-000061 Act: 34 File No.: 000-49770 Film No.: 031006082
  • CIK: 0001172319
  • Submitted: 2003-11-14
  • Period of Report: 2003-09-30

FORM 10QSB SEPT. 30, 2003 CORONATION ACQUISTION CORP. HTML

coronation10qsba_09302003.htm


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

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly nine month period ended: September 30, 2003

 
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from _________________ to _________________

 
Commission file number: 000-49770

CORONATION ACQUISITION CORP.
(Exact name of small business issuer as specified in its charter)

 

Nevada
(State or other jurisdiction of incorporation or organization)

43-195-4776
(IRS Employer Identification No.)

 

P.O. Box 741, Bellevue, Washington, 98009
(Address of principal executive offices)

 

(425) 453-0355
(Issuer's telephone number)

 

                                                      N/A                                                            
(Former name, former address and former fiscal year, if changed since last report)

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

Not Applicable

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date:

5,000,000 common shares issued and outstanding as of November 14, 2003

Transitional Small Business Disclosure Format (Check one): Yes [ ] No


CORONATION ACQUISITION CORP.

INDEX

     Page No.
PART 1 - FINANCIAL INFORMATION 1
  ITEM 1. FINANCIAL INFORMATION 1
  ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION 9
  ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 11
  ITEM 4. CONTROLS AND PROCEDURES 11
       
PART II - OTHER INFORMATION 12
  ITEM 1. LEGAL PROCEEDINGS 12
  ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS 12
  ITEM 3. DEFAULTS UPON SENIOR SECURITIES 12
  ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 12
  ITEM 5. OTHER INFORMATION 12
  ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K 12
       
SIGNATURES 13
 


FORWARD LOOKING INFORMATION

This quarterly report contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors", that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.
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. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.
 

PART 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The information in this report for the nine months ended Sept 30, 2003, is unaudited but includes all adjustments (consisting only of normal recurring accruals, unless otherwise indicated) which Coronation Acquisition Corp. ("Coronation" or the "Company") considers necessary for a fair presentation of the financial position, results of operations, changes in stockholders' equity and cash flows for those periods.

The condensed consolidated financial statements should be read in conjunction with Coronation's financial statements and the notes thereto contained in Coronation's Audited Financial Statements for the year ended December 31, 2002, in the Form 10-KSB as amended filed with the SEC on March 31, 2003.

Interim results are not necessarily indicative of results for the full fiscal year.

 

 

1


 

CORONATION ACQUISITION CORP

(A DEVELOPMENT STAGE COMPANY)

UNAUDITED FINANCIAL STATEMENTS

 

September 30, 2003 AND 2002

 

 

2


CORONATION ACQUISITION CORP


 

TABLE OF CONTENTS

PAGE #


Financial Statements
 
     Balance Sheet
 
4
      Statement of Operations
 
5
      Statement of Stockholders' Equity
 
6
       Statement of Cash Flows
 
7
Notes of Financial Statements 8-9




3


Coronation Acquisition, Corp.
(A Development Stage Company)
 

(Unaudited) Balance Sheet

Assets

September 30,
2003     

Sept ember 30,
2002     

December
31, 2002  

December
31, 2001  

 

Current Assets
     Cash

$             -

$             -

$             -

$             -


            Total Current Assets

0

0

0

0

     Other Assets

0

0

0

0


TOTAL ASSETS

$             -

$             -

$             -

$             -

 
         
Liabilities and Stockholders' Equity        
     Current Liabilities        
     Officers' Advances (Note #6)

$             0

$         2390

$     2,390

$           80

     Accounts Payable

0

0

446

0


            Total Current Liabilities

0

2390

2,836

80

Stockholders' Equity: Common stock, $.001 par value, authorized 100,000,000 shares; 5,000,000 shares issued and outstanding at 03/31/03 03/31/02, 12/31/02 and 12/31/01 respectively

Additional paid in capital

Deficit accumulated during the development stage

 

50

450

0

 

50

450

(2390)

 

50

450

(3,336)

 

50

450

(580)


     Total Stockholders' Equity (Deficit)

(500)

(2890)

(2,836)

(80)

     TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

$             -

$             -

$             -

$             -



See accompanying notes

4


Coronation Acquisition, Corp.
(A Development Stage Company)

(Unaudited) Statement of Operation

 

9 Months   
Ended Sept. 30,
 2003         

9 Months   
Ended Sept. 30,
2002        

Year Ended
Dec. 31,
2002   

Year Ended
Dec. 31,
2001    

 
Income        
     Revenue

$                -

$                -

$                -

$                -

Expenses
     General and Administrative

1,858

2310

2,756

0

 
     Total Expenses

1,858

2310

2,756

0

     Net Loss

$     (1,858)

$          (2310)

$      (2,756)

$                0

         
Net Loss per share
     Basic and diluted

$   (0.0000)

$        0.0000

$   ( 0.0006)

$ 0.0000

         
         
Weighted average number of
common shares outstanding


5,000,000


5,000,000


5,000,000


5,000,000

 

See accompanying notes

5


Coronation Acquisition, Corp.
(A Development Stage Company)

(Unaudited) Statement of Stockholders' Equity

 


Common Stock


 

Additional Paid-In Capital

 

Deficit
accumulated
during
development
stage

Shares

Amount  
 
Balance December 31, 2001

5,000,000

$

50

$

450

$

(580)

Net loss 9 months ended
     Sept 30, 2002
           


(210)

Balance Sept 30, 2002

5,000,000

 

50

 

450

 

(790)

 
Balance December 31, 2002

5,000,000

 

50

 

450

 

(2,276)

Issue for Cash

0

0

0

0

Net loss nine months ended
     September 30, 2003

 

     

(1,858)

Balance September 30, 2003

5,000,000

 

50

 

450

 

(4,134)


Net loss year ended
     December 31, 2002



(2,276)

Balance December 31, 2002

1,052,600

50

450

(3,336)

 

See accompanying notes

6


Coronation Acquisition, Corp.
(A Development Stage Company)

(Unaudited) Statement of Cash Flows

 

9 Months   
Ended Sept. 30,
2003         

9 Months   
Ended Sept. 30,
2002        

Year Ended
Dec. 31,   
2002   

Year Ended
Dec. 31,   
2001   

 
Cash Flows from Operating Activities        
     Net (Loss)

$       (1,858)

$                 (2310)

$       (2,756)

$                   -

     Adjustments to reconcile net loss
     to cash (used) in operating activities
       
     Changes in assets and liabilities
          Accounts Payable
          Officers Advances Payable


0
0


0
2310


446
2,310


0
80

 
     Net Cash (used) in operating results

0

0

0

(500)

 
Cash Flows from Financing Activities
     Proceeds from issuance of common stock


0


0


0


500

 
         
Net increase (decrease) in cash

0

-

0

580

Cash at Beginning of Period

0

0

0

0

Cash at End of Period

$                   -

$                  -

$                   -

$             580

         

See accompanying notes

7


CORONATION ACQUISITION, CORP.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO UNAUDITED FINANCIAL STATEMENTS
September 30, 2003 and 2002

 

Note 1 - History and Organization of the Company

The Company was organized February 9, 2000, under the laws of the State of Nevada as Coronation Acquisition, Corp. The company currently has no operations and, in accordance with SFAS #7, is considered a development stage company.

On March 2, 2000, the company issued 5,000,000 share of its $0.00001 par value common stock for cash of $500.


Notes 2 - Accounting Policies and Procedures

The Company has not determined its accounting policies and procedures, except as follows:

The Company uses the accrual method of accounting.

Earnings per share is computed using the weighted average number of shares of common stock outstanding.

The Company has not yet adopted any policy regarding payment of dividends. No dividends have been paid since inception.

In April 1998, the American Institute of Certified Public Accountant's issued Statement of Position 98-5 ("SOP 98-5"), Reporting on the Costs of Start-up Activities which provides guidance on the financial reporting of start-up costs and organization costs. It requires costs of start-up activities and organization costs to be expensed as incurred. SOP 98-5 is effective for fiscal years beginning after December 15, 1998, with initial adoption reported as the cumulative effect of a change in accounting principle.

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


Note 3 - Warrants and Options

There are no warrants or options outstanding to issue any additional shares of common stock of the Company.


Note 4 - Going Concern

The Company's financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company has no current source of revenue. Without realization of additional capital, it would be unlikely for the Company to continue as a going concern. It is management's plan to seek additional capital through further equity financing's and seeking necessary bank loans.

 

8


Note 5 - Related Party Transactions

The Company neither owns nor leases any real or personal property. Office services are provided without charge by Harry Miller, the sole officer and director of the Company. Such costs are immaterial to the financial statements and accordingly, have not been reflected therein. The sole officer and director of the Company is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, he may face a conflict in selecting between the Company and his other business interests. The Company has not formulated a policy for the resolution of such conflicts.


Note 6 - Officers Advances

While the Company is seeking additional capital, an officer of the Company has advanced funds to the Company to pay for any costs incurred by it. These funds are interest free. The balances due to Mr. Miller were $0 and $290 on Sept 30, 2003 and Sept 30, 2002, respectively, Mr. Miller having forgiven the advance of $4,272.

 

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

General

The following discussion and analysis should be read in conjunction with the financial statements, including the notes thereto, appearing elsewhere in this document.

The "Description of Business" and "Plan of Operation" of Coronation are incorporated by reference from the Coronation's Registration Statement on Form 10KSB, as amended, filed with the SEC on March 31, 2003.

Nine months ended September 30, 2003 versus nine months ended September 30, 2002.

Results of Operations

As of September 30, 2003, Coronation's only activities have involved maintaining its regulatory filings with the SEC, searching for a suitable merger or acquisition candidate, negotiating with Supreme Property Inc., and preparing a Form S-4 and related amendments. Coronation has not commenced business activities and has no assets or operations.

On March 31, 2003, Coronation entered into an Agreement and Plan of Exchange and Reorganization with Supreme Property, Inc., a privately held Illinois corporation. Supreme Property, Inc. is a licensed real estate brokerage and real estate acquisition firm. Under the terms of the merger agreement Supreme will merge into Coronation. After the transaction Supreme will no longer exist and Coronation, as the surviving entity, will carry on the business of Supreme. Coronation will be controlled by the former stockholders of Supreme Property, Inc. and the board of directors will be the board of directors of Supreme Property, Inc. immediately prior to the merger.

The transaction is subject to a number of conditions such as:

  • Receipt of all stockholder approvals;
  • A Form S-4 having been filed and becomes effective under the Securities Act of 1933;
  • Receipt of all applicable state or other authorizations to issue the shares of Coronation;
  • No legal restraint or prohibition which would prevent the merger;
  • All representations and warranties provided in the merger must be materially true and correct;
  • That there has been no material adverse change to the parties since signing the agreement; and

9

  • The parties have performed all material obligations required to be performed by them under the merger agreement.

Management of Coronation and Supreme Property, Inc. filed a number of amendments to the Form S-4 originally filed  including an amended Form S-4 on November 10, 2003, providing detailed information about the merger, the business of Supreme Property, Inc., audited financial statements of Supreme Property, Inc. and unaudited pro forma financial statements of our combined companies.

Revenue

Coronation has had no revenue since inception and does not anticipate generating any revenue until it completes a merger, acquisition or business combination.

Loss Per Period/General and Administrative Expenses

Coronation's net loss for the nine months ended September 30, 2003 was $1,858 or approximately $1,648 more than recorded for the same period in 2002. The majority, if not all, of the costs and expenses Coronation has incurred over the last nine months have been related to the accounting and filing expenses made in connection with the Form 10-KSB, 10-QSBs and Form S-4 documents filed by Coronation with the SEC.

Coronation will continue to sustain operating expenses without corresponding revenues, at least until the consummation of a merger, acquisition or business combination. This will result in Coronation incurring a net operating loss which will increase continuously until Coronation can consummate a merger, acquisition or business combination with a profitable business opportunity.

Liquidity and Capital Resources

As of September 30, 2003 Coronation had no cash, no assets and no liabilities. Mr. Miller has forgiven the $4,272 previously owed by Coronation Mr. Miller by way of promissory note. Mr. Miller is the sole officer and director and Coronation.

Coronation is dependent on Mr. Miller to meet all of its expenses. Mr. Miller, the sole officer and director of Coronation, has agreed to provide the necessary funds, without interest, for Coronation to meet its ongoing expenses when the obligation is incurred until Coronation consummates a merger, acquisition or business combination. All advances are interest-free.

Recent Accounting Pronouncements

In September 1998, the FASB issued SFAS 133, "Accounting for Derivative Instruments and Hedging Activity," which was subsequently amended by SFAS 137, "Accounting for Derivative Instruments and Hedging Activities: Deferral of Effective Date of FASB 133" and Statement No.138, "Accounting for Certain Derivative Instruments and Certain Hedging Activities: an amendment of FASB Statement No. 133." SFAS 137 requires adoption of SFAS 133 in years beginning after September 15, 2000. SFAS 138 establishes accounting and reporting standards for derivative instruments and addresses a limited number of issues causing implementation difficulties for numerous entities. The Statement requires us to recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be recorded at fair value through earnings. If the derivative qualifies as a hedge, depending on the nature of the exposure being hedged, changes in the fair value of derivatives are either offset against the change in fair value of hedged assets, liabilities, or firm commitments through earnings or are recognized in other comprehensive income until the hedged cash flow is recognized in earnings. The ineffective portion of a derivative's change in fair value is recognized in earnings. The Statement permits early adoption as of the beginning of any fiscal quarter. SFAS 133 will become effective for our first fiscal quarter of fiscal year 2003 and we do not expect adoption to have a material effect on our financial statements.

In December 1999, the SEC issued SAB 101, "Revenue Recognition in Financial Statements." SAB 101 summarizes certain aspects of the staff's views in applying generally accepted accounting principles to revenue recognition in financial statements. On March 24, 2000 and September 26, 2000, the SEC issued Staff Accounting Bulletin No. 101A and No. 101B, respectively, which extend the transition provisions of SAB 101 until no later than the fourth quarter of fiscal years beginning after December 15, 1999, which would be December 31, 2000 for us.

10


In March 2000, the FASB issued FIN 44, Accounting for Certain Transactions Involving Stock Compensation - an Interpretation of APB No. 25, Accounting for Stock Issued to Employees". This Interpretation clarifies (a) the definition of employee for purposes of applying Opinion 25, (b) the criteria for determining whether a plan qualifies as a non-compensatory plan, (c) the accounting consequences of various modifications to the terms of a previously fixed stock option or award, and (d) the accounting for an exchange of stock compensation awards in a business combination. This Interpretation is effective July 1, 2000, but certain conclusions in this Interpretation cover specific events that occur after either December 15, 1998, or January 12, 2000. To the extent that this Interpretation covers events occurring during the period after December 15, 1998, or January 12, 2000, but before the effective date of July 1, 2000, the effects of applying this Interpretation are recognized on a prospective basis from July 1, 2000.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1955

This Form 10-QSB report may contain certain "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 or by the Securities and Exchange Commission in its rules, regulations and/or releases, which represent our expectations or beliefs, including but not limited to, statements concerning our economic performance, financial condition, growth and marketing strategies, availability of additional capital, ability to attract suitable personal and future operational plans. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate," "might," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, certain of which are beyond our control, and actual results may differ materially depending on a variety of important facts, including but not limited to those risk factors in Coronation's Registration Statement on Form S-4, as amended, originally filed with the SEC on May 27, 2003.
 

ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK


Not Applicable.

 

ITEM 4: CONTROLS AND PROCEDURES


Evaluation of Disclosure Controls and Procedures
.

Our Chief Executive Officer and Chief Financial Officer have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-14 and 15d-14 of the Securities Exchange Act of 1934, as amended) as of a date within ninety days of the filing date of this quarterly report on Form 10-QSB. Based upon their evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures are effective.

Changes in internal controls.

There were no significant changes in Coronation's internal controls or in any factors that could significantly affect internal controls subsequent to the date of the Chief Executive Officer and the Chief Financial Officer's evaluation.

11



PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

To Coronation's knowledge, no lawsuits were commenced against Coronation during the nine months ended September 30, 2003, nor did Coronation commence any lawsuits during the same period.
 

ITEM 2. CHANGES IN SECURITIES AND USE OF PROCEEDS
 

Changes in Securities

None.

Recent Sales of Unregistered Securities

None.

Recent Sales of Registered Securities

None.

Use of Proceeds

Not applicable.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

Not applicable.

 

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Not applicable.


ITEM 5. OTHER INFORMATION ITEM

Not Applicable


ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

a. Exhibits

Exhibit
Number

Exhibit Title
3.1 Articles of Incorporation as Amended (incorporated by reference from our Form 10-SB Registration Statement, filed April 30, 2002)
3.2 Articles of Amendment (incorporated by reference from our Form 10-SB, filed April 30, 2002)
3.2 Bylaws (incorporated by reference from our Form 10-SB Registration Statement, filed April 30, 2002)
31 Certificate of CEO/CFO as Required by Rule 13a-14(a)/15d-14
32 Certificate of CEO/CFO as Required by Rule Rule 13a-14(b) and Rule 15d-14(b) (17 CFR 240.15d-14(b)) and Section 1350 of Chapter 63 of Title 18 of the United States Code

 

12


b. Reports of Form 8-K.

None.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

  CORONATION ACQUISITION CORP.
Date: November 14, 2003 /s/ Harry Miller

By:_____________________________
Harry Miller, Chief Executive Officer, President, Secretary and Director

 

13


 


EXHIBIT 31 HTML

ex31.htm

EXHIBIT 31

CERTIFICATION

I, Harry Miller, certify that:

  1. I have reviewed this 10-QSB of Coronation Acquisition Corp.;
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
     
    (a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    (b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    (c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
    (d)   Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
     
  5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
(a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
(b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
 Date: November 14, 2003

/s/ Harry Miller

_____________________________
Harry Miller, President, CEO, CFO, and Sole Director & Officer

 


EXHIBIT 32 HTML

ex32.htm

EXHIBIT 32

CERTIFICATION PURSUANT TO

18 U.S.C. 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of  Coronation Acquisition Corp.  (the "Company") on Form 10-QSB for the period ended September 30, 2003, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Harry Miller, President, CEO, CFO and sole Director and Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

  • The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
  • The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 Date: November 14, 2003


/s/ Harry Miller
_____________________________
Harry Miller, President, CEO, CFO, and Sole Director & Officer

A signed original of this written statement required by Section 906 has been provided to Coronation Acquisition Corp. and will be retained by Coronation Acquisition Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

The foregoing certification is being furnished to the Securities and Exchange Commission and shall not be considered filed as part of the Form 10-QSB.