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EX-3.1 - PREMIER PACIFIC CONSTRUCTION S-1/A, ARTICLES OF INCORPORATION - PREMIER PACIFIC CONSTRUCTION, INC.premierpacificexh3_1.htm


 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
FORM S-1 /A
Amendment #1
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
 
PREMIER PACIFIC CONSTRUCTION, INC.
(Exact name of registrant as specified in its charter)
 
Nevada
 
1520
 
90-0920687
(State or other jurisdiction of
incorporation or organization)
 
(Primary Standard Industrial
Classification Code Number)
 
(I.R.S. Employer
Identification No.)
 
13103 GOLDEN WAY
POWAY,  CA  92064
(858) 748-7152
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
 
INCORP SERVICES, INC.
2360 CORPORATE CIRCLE, SUITE 400
HENDERSON,  NV  89074-7722
(Name, address, including zip code, and telephone number, including area code, of agent for service)
 
KAREN A. BATCHER, ESQ.
SYNERGEN LAW GROUP, APC
819 ANCHORAGE PLACE, SUITE 28
CHULA VISTA, CA 91913
(619) 475-7882
(Copies of Communications to:)
 
FROM TIME TO TIME AFTER THIS REGISTRATION STATEMENT IS DECLARED EFFECTIVE.
(Approximate date of commencement of proposed sale to the public)
 
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. 
o
 
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.
o
 
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.
o
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b2 of the Exchange Act.
 
 
Large accelerated filer
o
Accelerated filer
o
 
Non-accelerated filer
o
Smaller reporting company
x
  (Do not check if a smaller reporting company)      
 
 
Calculation of Registration Fee
 
Title of Each Class
of Securities to be Registered
Amount to be
Registered
Proposed Maximum Offering
Price Per Unit
Proposed Maximum
Aggregate Offering Price
Amount of
Registration Fee
COMMON
286,000
$0.10
$28,600
$3.68

 
Note: Specific details relating to the fee calculation shall be furnished in notes to the table, including references to provisions of Rule 457 (§230.457 of this chapter) relied upon, if the basis of the calculation is not otherwise evident from the information presented in the table. If the filing fee is calculated pursuant to Rule 457(o) under the Securities Act, only the title of the class of securities to be registered, the proposed maximum aggregate offering price for that class of securities and the amount of registration fee need to appear in the Calculation of Registration Fee table. Any difference between the dollar amount of securities registered for such offerings and the dollar amount of securities sold may be carried forward on a future registration statement pursuant to Rule 429 under the Securities Act.
 
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 OR UNTIL THE REGISTRATION STATEMENT SHALL BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SUCH SECTION 8(a), MAY DETERMINE.
 
 
 
 
 

PROSPECTUS

Subject to completion, dated November 5, 2013

286,000 SHARES OF
PREMIER PACIFIC CONSTRUCTION, INC.
COMMON STOCK

The selling security holders named in this prospectus are offering all of the shares of common stock offered through this prospectus.  We will not receive any proceeds from the sale of the common stock covered by this prospectus.
 
Our common stock is presently not traded on any market or securities exchange.  The selling security holders have not engaged any underwriter in connection with the sale of their shares of common stock.  Common stock being registered in this registration statement may be sold by selling security holders at a fixed price of $0.10 per share until our common stock is quoted on the OTC Bulletin Board (“OTCBB”) and/or the middle tier of the OTC Market known as the OTCQB, and thereafter at a prevailing market prices or privately negotiated prices or in transactions that are not in the public market.  There can be no assurance that a market maker will agree to file the necessary documents with the Financial Industry Regulatory Authority (“FINRA”) for our common stock to be eligible for trading on the over-the-counter market, nor can there be any assurance that such an application for quotation will be approved. We have agreed to bear the expenses relating to the registration of the shares of the selling security holders. The selling security holders may be deemed underwriters.
 
Investing in our common stock involves a high degree of risk. See “Risk Factors” beginning on page 2 to read about factors you should consider before buying shares of our common stock.
 
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE.  ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
 
 
The Date of This Prospectus is: November 5, 2013

 
 
 
 
 
 
 
 
TABLE OF CONTENTS

 
PAGE
1
2
2
9
9
9
9
11
12
13
13
14
14
15
16
28
28
30
32
35
36
37
38
38
 
 
Please read this prospectus carefully.  It describes our business, our financial condition and results of operations.  We have prepared this prospectus so that you will have the information necessary to make an informed investment decision.
 
You should rely only on information contained in this prospectus.  We have not authorized any other person to provide you with different information.  This prospectus is not an offer to sell, nor is it seeking an offer to buy, these securities in any state where the offer or sale is not permitted.  The information in this prospectus is complete and accurate as of the date on the front cover, but the information may have changed since that date.
 
 
 
 
 
 
PROSPECTUS SUMMARY
 
This summary highlights selected information contained elsewhere in this prospectus.  This summary does not contain all the information that you should consider before investing in the common stock.  You should carefully read the entire prospectus, including “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Financial Statements, before making an investment decision. In this Prospectus, the terms “Premier Pacific Construction,” “Company,” “we,” “us” and “our” refer to Premier Pacific Construction, Inc., a Nevada corporation.
 
Overview
 
We were incorporated on March 14, 2012 in the State of Nevada.  In March 2012, we completed a merger with Premier Pacific Construction, Inc., a California corporation (“PPC-CA”).  PPC-CA was originally formed in 2000 by our President, Richard Francella to provide general contracting and construction services within San Diego County, California.  Since our inception, we have operated as a construction company providing general contracting and construction services to both residential and commercial clients.

Our plan is to continue to provide general contracting and construction services as we have done for more than a decade.  In addition, we are also pursuing opportunities to work with homeowners who wish to sell their homes in the currently weak real estate market and wish to make certain renovations and upgrades to increase their potential sales price.  In order to assist the homeowners, we will complete the renovations and upgrades with no up-front out of pocket costs to the homeowner.  Rather, the homeowner will agree to pay for our services through escrow when they sell.  We plan to market our services to real estate brokers.
 
Where You Can Find Us
 
Our principal executive office is located at 13103 Golden Way, Poway, CA  92064, and our telephone number is (858) 748-7152.
 
The Offering
 
Common stock offered by selling security holders
 
286,000 shares of common stock.  This number represents 22% of our current outstanding common stock (1).
     
Common stock outstanding before the offering
 
1,286,000 common shares as of November 5, 2013.
     
Common stock outstanding after the offering
 
1,286,000 shares.
     
Use of proceeds
 
We are not selling any shares of the common stock covered by this prospectus.
     
Risk Factors
 
The common stock offered hereby involves a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment. See “Risk Factors” beginning on page 2.
     
(1)  Based on 1,286,000 shares of common stock outstanding as of  November 5, 2013.
 
 

 
 
SUMMARY OF FINANCIAL INFORMATION
 
The following summary financial data should be read in conjunction with “Management’s Discussion and Analysis,” “Plan of Operations” and the Financial Statements and Notes thereto, included elsewhere in this prospectus. The statement of operations and balance sheet data as of December 31, 2012  are derived from our audited financial statements. The balance sheet and statement of operations as of June 30, 2013 are derived from our unaudited financial statements.
 
   
For the fiscal year
ended December 31,
2012
(Audited)
   
For the fiscal year
ended December 31,
2011
(Audited)
 
STATEMENT OF OPERATIONS
           
             
Gross Profit
 
$
12,526
   
$
-
 
Professional Fees
   
12,790
     
245
 
General and Administrative Expenses
   
7,868
     
10,182
 
Total Operating Expenses
   
20,658
     
10,427
 
Net Profit (Loss)
   
(8,132)
     
(10,427)
 
 
   
As of
June 30,
2013
(Unaudited)
   
As of
December 31,
2012
(Audited)
 
BALANCE SHEET DATA
           
             
Cash
 
$
541
   
$
4,479
 
Total Assets
   
541
     
4,479
 
Total Liabilities
   
4,250
     
1,250
 
Total Stockholders’ Equity
   
(3,709)
     
3,229
 
 
 
RISK FACTORS
 
The shares of our common stock being offered for resale by the selling security holders are highly speculative in nature, involve a high degree of risk and should be purchased only by persons who can afford to lose the entire amount invested in the common stock. Before purchasing any of the shares of common stock, you should carefully consider the following factors relating to our business and prospects. If any of the following risks actually occurs, our business, financial condition or operating results could be materially adversely affected. In such case, you may lose all or part of your investment.  You should carefully consider the risks described below and the other information in this process before investing in our common stock.
 
 
 
 
 
Risks Related to Our Business
 
Our Auditor Has Expressed Substantial Doubt as to Our Ability to Continue as a Going Concern.
 
We have an accumulated deficit through June 30, 2013 of $33,650.  The Company will most likely require additional funding for development and this additional funding may be raised through debt or equity offerings.  Management has yet to decide what type of offering the Company will use or how much capital the Company will attempt to obtain. There is no guarantee that the Company will be able to raise any capital through any type of offerings.    For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.
 
We May Face Difficulties in Finding Suitable Selling Homeowners.
 
Our principal business strategy is to contract with homeowners who wish to sell their homes. We will provide the services necessary to renovate and upgrade their properties so they can be sold at a substantially higher price. We have few established business relations with local real estate brokers, having expended zero amounts on such activities to-date. There can be no assurance that our business expansion activities will be successful in creating the desired access to real estate brokers and selling homeowners who would desire our services.

We Need Additional Capital to Develop our Business.

The development of our renovation services to selling homeowners will require the commitment of substantial resources to implement our business plan.  Currently, we have no established bank-financing arrangements. Therefore, it is likely we would need to seek additional financing through subsequent future private offering of our equity securities, or through strategic partnerships and other arrangements with corporate partners. We have no current plans for additional financing.

We cannot give you any assurance that any additional financing will be available to us, or if available, will be on terms favorable to us.  The sale of additional equity securities will result in dilution to our stockholders.  The occurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating and financing covenants that would restrict our operations.  If adequate additional financing is not available on acceptable terms, we may not be able to implement our business development plan or continue our business operations.

We Are Dependent Upon Our Current President.
 
We currently are managed by our President and we are entirely dependent upon him in order to conduct our operations.  If our current President are no longer able to serve as such and we are unable to find other persons to replace him, it will have a negative effect on our ability to continue active business operations and could result in investors losing some or all of their investment in the Company.
 
Our Business Mode Requires The Use Of Outside Personnel, Who May Not Be Available When Needed.
 
The Company seeks to grow its business in the renovation and upgrading of real estate properties prior to sale, while maintaining a low cost of operations.  The Company will not retain any employees for this sector of its business, and instead hire a core group of independent contractors on an as needed basis.  If we are unable to hire the required talent, it may have a negative effect on our ability to implement our business plan.  In such an event, we may be required to change our business plan or curtail or delay implementation of some, or all, of our business plan.
 
 
 
 
There Is Risk That We May Never Get Paid for Renovations and/or Upgrades We Provide.

Our business plan includes making renovations and/or upgrades to residential properties, in order to increase the market value prior to the homeowner selling. Our plan is to complete the renovations and upgrades at no upfront cost to the homeowner, but rather, to get paid through escrow.  However, there is no assurance that we will get paid for our services or supplies if the homeowner decides not to sell the property.

Our Principal Stockholders Have Significant Voting Power And May Take Actions That May Not Be In The Best Interest Of All Other Stockholders
 
Our two officers and directors control approximately 78% of our current outstanding shares of voting common stock.  They may be able to exert significant control over our management and affairs requiring stockholder approval, including approval of significant corporate transactions. This concentration of ownership may expedite approvals of company decisions, or have the effect of delaying or preventing a change in control or be in the best interests of all our stockholders.

We May Incur Significant Costs To Be A Public Company To Ensure Compliance With U.S. Corporate Governance And Accounting Requirements And We May Not Be Able To Absorb Such Costs.

We may incur significant costs associated with our public company reporting requirements, costs associated with newly applicable corporate governance requirements, including requirements under the Sarbanes-Oxley Act of 2002 and other rules implemented by the Securities and Exchange Commission.  We expect all of these applicable rules and regulations to significantly increase our legal and financial compliance costs and to make some activities more time consuming and costly. We also expect that these applicable rules and regulations may make it more difficult and more expensive for us to obtain director and officer liability insurance and we may be required to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar coverage.  As a result, it may be more difficult for us to attract and retain qualified individuals to serve on our board of directors or as executive officers.  We are currently evaluating and monitoring developments with respect to these newly applicable rules, and we cannot predict or estimate the amount of additional costs we may incur or the timing of such costs.  In addition, we may not be able to absorb these costs of being a public company which will negatively affect our business operations.

The Lack Of Public Company Experience Of Our Management Team Could Adversely Impact Our Ability To Comply With The Reporting Requirements Of U.S. Securities Laws.
 
Our management team lacks public company experience, which could impair our ability to comply with legal and regulatory requirements such as those imposed by Sarbanes-Oxley Act of 2002.  Our senior management has never had responsibility for managing a publicly traded company.  Such responsibilities include complying with federal securities laws and making required disclosures on a timely basis.  Our senior management may not be able to implement programs and policies in an effective and timely manner that adequately respond to such increased legal, regulatory compliance and reporting requirements, including the establishing and maintaining internal controls over financial reporting.   Any such deficiencies, weaknesses or lack of compliance could have a materially adverse effect on our ability to comply with the reporting requirements of the Securities Exchange Act of 1934 which is necessary to maintain our public company status.  If we were to fail to fulfill those obligations, our ability to continue as a U.S. public company would be in jeopardy in which event you could lose your entire investment in our company. 
 
 
 
 
 
Risk Related To Our Capital Stock

Our Status As An “Emerging Growth Company” Under The Jobs Act Of 2012 May Make It More Difficult To Raise Capital If The Need Arises
 
 
Because of the exemptions from various reporting requirements provided to us as an “emerging growth company” and because we will have an extended transition period for complying with new or revised financial accounting standards, we may be less attractive to investors and it may be difficult for us to raise additional capital as and when we need it. Investors may be unable to compare our business with other companies in our industry if they believe that our financial accounting is not as transparent as other companies in our industry. If we are unable to raise additional capital as and when we need it, our financial condition and results of operations may be materially and adversely affected.

We Will Not Be Required To Comply With Certain Provisions Of The Sarbanes-Oxley Act For As Long As We Remain An “Emerging Growth Company”

We are not currently required to comply with the SEC rules that implement Sections 302 and 404 of the Sarbanes-Oxley Act, and are therefore not required to make a formal assessment of the effectiveness of our internal controls over financial reporting for that purpose.  Upon becoming a public company, we will be required to comply with certain of these rules, which will require management to certify financial and other information in our quarterly and annual reports and provide an annual management report on the effectiveness of our internal control over financial reporting.  Though we will be required to disclose changes made in our internal control procedures on a quarterly basis, we will not be required to make our first annual assessment of our internal control over financial reporting pursuant to Section 404 until the later of the year following our first annual report required to be filed with the SEC, which would be in our second annual report regardless of whether we continue to qualify as an “emerging growth company” as defined in the JOBS Act.

Our independent registered public accounting firm is not required to formally attest to the effectiveness of our internal control over financial reporting until the later of the year following our first annual report required to be filed with the SEC, or the date we are no longer an “emerging growth company.”  At such time, our independent registered public accounting firm may issue a report that is adverse in the event it is not satisfied with the level at which our controls are documented, designed or operating.

Reduced Disclosure Requirements Applicable To Emerging Growth Companies May Make Our Common Stock Less Attractive To Investors

As an “emerging growth company” ,we may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including not being required to comply with the auditor attestation requirements of section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.  We cannot predict if investors will find our common stock less attractive because we may rely on these exemptions.  If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

As An "Emerging Growth Company" Under The Jumpstart Our Business Startups Act (JOBS), We Are Permitted To Rely On Exemptions From Certain Disclosure Requirements.
 
We qualify as an "emerging growth company" under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements.  For so long as we are an emerging growth company, we will not be required to:
 
 
 
 
have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act;
comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor's report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis);
submit certain executive compensation matters to shareholder advisory votes, such as "say-on-pay" and "say-on-frequency;" and
disclose certain executive compensation related items such as the  correlation between executive compensation and performance and comparisons of the CEO's compensation to median employee compensation.
 
In addition, Section 107 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We will remain an emerging growth company until the earlier of:
(1)  the last day of the fiscal year (a) following the fifth anniversary of the completion of this offering, (b) in which we have total annual gross revenue of at least $1.0 billion, or (c) in which we are deemed to be a large accelerated filer, as defined in Exchange Act Rule 12b-2 as a company with a public float of at least $700 million and has been reporting for at least one year, or
(2)  the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period.

Notwithstanding the above, we are also currently a "smaller reporting company," meaning that we are not an investment company, an asset-backed issuer, nor a majority-owned subsidiary of a parent company that is not a smaller reporting company, and has a public float of less than $75 million and annual revenues of less than $50 million during the most recently completed fiscal year.  If we are still considered a "smaller reporting company" at such time as we cease to be an "emerging growth company," we will still be able to take advantage of scaled disclosure requirements.  Specifically, similar to "emerging growth companies," "smaller reporting companies" are able to provide simplified executive compensation disclosures in their filings; are exempt from the provisions of Section 404(b) of the Sarbanes-Oxley Act requiring that independent registered public accounting firms provide an attestation report on the effectiveness of internal control over financial reporting; and have certain other decreased disclosure obligations in their SEC filings, including, among other things, only being required to provide two years of audited financial statements in annual reports.  Decreased disclosures in its SEC filings due to its status as an "emerging growth company" or "smaller reporting company" may make it harder for investors to analyze the Company's results of operations and financial prospects.
 
We Will Elect To Take Advantage Of The Extended Transition Period For Complying With New Or Revised Accounting Standards Under Section 102(B)(1)
 
This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election our financial statements may not be comparable to companies that comply with public company effective dates.
 
The existing scaled executive compensation disclosure requirements for smaller reporting companies will continue to apply for so long as the Company is an emerging growth company, regardless of whether the Company remains a smaller reporting company.
 
 
 
 
We May Never Pay Any Dividends To Shareholders.
 
We have never declared or paid any cash dividends or distributions on our capital stock. We currently intend to retain our future earnings, if any, to support operations and to finance expansion and therefore we do not anticipate paying any cash dividends on our common stock in the foreseeable future.
 
The declaration, payment and amount of any future dividends will be made at the discretion of the board of directors, and will depend upon, among other things, the results of our operations, cash flows and financial condition, operating and capital requirements, and other factors as the board of directors considers relevant.  There is no assurance that future dividends will be paid, and, if dividends are paid, there is no assurance with respect to the amount of any such dividend.
 
The Offering Price Of The Common Stock Was Determined Based On The Price Of Our Private Offering, And Therefore Should Not Be Used As An Indicator Of The Future Market Price Of The Securities. Therefore, The Offering Price Bears No Relationship To Our Actual Value, And May Make Our Shares Difficult To Sell.
 
Since our shares are not listed or quoted on any exchange or quotation system, the offering price of $0.10 per share for the shares of common stock was determined based on the price of our private offering.  The facts considered in determining the offering price were our financial condition and prospects, our limited operating history and the general condition of the securities market.  The offering price bears no relationship to the book value, assets or earnings of our company or any other recognized criteria of value.  The offering price should not be regarded as an indicator of the future market price of the securities.

You Will Experience Dilution Of Your Ownership Interest Because Of The Future Issuance Of Additional Shares Of Our Common Stock.
 
In the future, we may issue our authorized but previously unissued equity securities, resulting in the dilution of the ownership interests of our present stockholders. We are currently authorized to issue an aggregate of 75,000,000 shares of common stock,  par value $0.001 per share.

We may also issue additional shares of our common stock or other securities that are convertible into or exercisable for common stock in connection with hiring or retaining employees or consultants, future acquisitions, future sales of our securities for capital raising purposes, or for other business purposes.  The future issuance of any such additional shares of our common stock or other securities may create downward pressure on the trading price of our common stock.  There can be no assurance that we will not be required to issue additional shares, warrants or other convertible securities in the future in conjunction with hiring or retaining employees or consultants, future acquisitions, future sales of our securities for capital raising purposes or for other business purposes, including at a price (or exercise prices) below the price at which shares of our common stock are currently quoted on the OTCBB and/or OTCQB.

Our Common Stock Is Considered A Penny Stock, Which May Be Subject To Restrictions On Marketability, So You May Not Be Able To Sell Your Shares.
 
If our common stock becomes tradable in the secondary market, we will be subject to the penny stock rules adopted by the Securities and Exchange Commission that require brokers to provide extensive disclosure to their customers prior to executing trades in penny stocks. These disclosure requirements may cause a reduction in the trading activity of our common stock, which in all likelihood would make it difficult for our shareholders to sell their securities.
 
 

 
Penny stocks generally are equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the NASDAQ system). Penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction, and monthly account statements showing the market value of each penny stock held in the customer’s account. The broker-dealer must also make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser’s written agreement to the transaction. These requirements may have the effect of reducing the level of trading activity, if any, in the secondary market for a security that becomes subject to the penny stock rules. The additional burdens imposed upon broker-dealers by such requirements may discourage broker-dealers from effecting transactions in our securities, which could severely limit the market price and liquidity of our securities. These requirements may restrict the ability of broker-dealers to sell our common stock and may affect your ability to resell our common stock.

There Is No Assurance Of A Public Market Or That Our Common Stock Will Ever Trade On A Recognized Exchange. Therefore, You May Be Unable To Liquidate Your Investment In Our Stock.
 
There is no established public trading market for our common stock. Our shares have not been listed or quoted on any exchange or quotation system. Common stock is quoted on the OTCBB and/or the OTCQB, and thereafter at a prevailing market prices or privately negotiated prices or in transactions that are not in the public market.  There can be no assurance that a market maker will agree to file the necessary documents with the FINRA for our common stock to be eligible for trading on the over-the-counter market, nor can there be any assurance that such an application for quotation will be approved.  Nor can there be any assurance that a regular trading market will develop or that if developed, will be sustained.  In the absence of a trading market, an investor may be unable to liquidate their investment.
 
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
 
The information contained in this report, including in the documents incorporated by reference into this report, includes some statements that are not purely historical and that are “forward-looking statements.”  Such forward-looking statements include, but are not limited to, statements regarding our management’s expectations, hopes, beliefs, intentions or strategies regarding the future, including our financial condition, results of operations, and financial performance.  In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.  The words “anticipates,” “believes,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “possible,” “potential,” “predicts,” “projects,” “seeks,” “should,” “will,” “would” and similar expressions, or the negatives of such terms, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
 
The forward-looking statements contained in this report are based on current expectations and beliefs concerning future developments and the potential effects on the parties and the transaction.  There can be no assurance that future developments actually affecting us will be those anticipated.  These that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including the following forward-looking statements involve a number of risks, uncertainties (some of which are beyond the parties’ control) or other assumptions.
 
 
 
 
 
USE OF PROCEEDS
 
We will not receive any proceeds from the sale of common stock by the selling security holders.  All of the net proceeds from the sale of our common stock will go to the selling security holders as described below in the sections entitled “Selling Security Holders” and “Plan of Distribution.”  We have agreed to bear the expenses relating to the registration of the common stock for the selling security holders.
 
DETERMINATION OF OFFERING PRICE
 
Since our common stock is not listed or quoted on any exchange or quotation system, the offering price of the shares of common stock was determined by the price of the common stock that was sold to our security holders pursuant to an exemption under Section 4(2) of the Securities Act of 1933 and Rule 506 of Regulation D promulgated under the Securities Act of 1933.
 
The offering price of the shares of our common stock does not necessarily bear any relationship to our book value, assets, past operating results, financial condition or any other established criteria of value.  The facts considered in determining the offering price were our financial condition and prospects, our limited operating history and the general condition of the securities market.
 
Although our common stock is not listed on a public exchange, we plan to engage a market maker to obtain a listing on the OTCBB and/or the common stock is quoted on the OTC Bulletin Board (“OTCBB”) and/or the middle tier of the OTC Market known as the OTCQB, and thereafter at a prevailing market prices or privately negotiated prices or in transactions that are not in the public market.  In order to be quoted on the OTCBB and/or OTCQB, a market maker must file an application on our behalf in order to make a market for our common stock.  There can be no assurance that a market maker will agree to file the necessary documents with FINRA for our common stock to be eligible for trading on the over-the-counter market, nor can there be any assurance that such an application for quotation will be approved. 

In addition, there is no assurance that our common stock will trade at market prices in excess of the initial offering price as prices for the common stock in any public market which may develop will be determined in the marketplace and may be influenced by many factors, including the depth and liquidity.
 
DILUTION
 
Dilution represents the difference between the offering price of the shares of common stock and the net tangible book value per share of common stock immediately after completion of the offering.  The shares of common stock offered hereunder are issued and outstanding and will be sold by the selling security holders at a price of $0.10 per share until the Company’s common stock is quoted on the OTCBB and/or OTCQB.  Thereafter the selling security holders will sell at prevailing market prices.  The net tangible book value per share of the Company’s common stock prior to the offering hereunder is $-0.03 per share, and after the offering hereunder will be $-0.003 per share, determined by dividing the net tangible book value (tangible assets minus liabilities) by the number of shares of common stock outstanding before and after the offering hereunder.

SELLING SECURITY HOLDERS
 
The common shares being offered for resale by the selling security holders consist of 286,000 shares of our common stock held by 23 shareholders.  Such shareholders include the holders of 286,000 shares sold in our private offering pursuant to Regulation D Rule 506 completed in May 2012 at an offering price of $0.05 per share.
 
 
 
 
The following table sets forth the name of the selling security holders, the number of shares of common stock beneficially owned by each of the selling stockholders as of November 5, 2013 and the number of shares of common stock being offered by the selling stockholders.  The shares being offered hereby are being registered to permit public secondary trading, and the selling stockholders may offer all or part of the shares for resale from time to time.  However, the selling stockholders are under no obligation to sell all or any portion of such shares nor are the selling stockholders obligated to sell any shares immediately upon effectiveness of this prospectus.  All information with respect to share ownership has been furnished by the selling stockholders.
 
 
Name
 
Shares of
Common Stock
Beneficially Owned
Prior To Offering (1)
   
Maximum Number of
Shares of
Common Stock
to be Offered
 
Number of Shares
of Common Stock
Beneficially Owned After
Offering
 
Percent Ownership
After Offering (2)
 
Ben Carr
    5,000       5,000  
-nil-
    0 %
Jeff Chatfield
    20,000       20,000  
-nil-
    0 %
Sheree Eckhadt
    5,000       5,000  
-nil-
    0 %
Avila Esperanza
    5,000       5,000  
-nil-
    0 %
James Francella (3)
    10,000       10,000  
-nil-
    0 %
Mary Francella (4)
    10,000       10,000  
-nil-
    0 %
Christa Harville
    20,000       20,000  
-nil-
    0 %
Sharon Harville
    20,000       20,000  
-nil-
    0 %
Daniel Jestand
    5,000       5,000  
-nil-
    0 %
Kerri Johnson
    10,000       10,000  
-nil-
    0 %
Stanley Lee
    10,000       10,000  
-nil-
    0 %
Karen Long
    10,000       10,000  
-nil-
    0 %
Michael Long
    20,000       20,000  
-nil-
    0 %
Richard Long
    10,000       10,000  
-nil-
    0 %
Jo Ann Meli
    20,000       20,000  
-nil-
    0 %
Suzanne Mikhail
    5,000       5,000  
-nil-
    0 %
Livio Pelaez
    5,000       5,000  
-nil-
    0 %
Julian Rauch
    20,000       20,000  
-nil-
    0 %
Pete Shepperd
    5,000       5,000  
-nil-
    0 %
Sierra West Capital, Inc. (5)
    20,000       20,000  
-nil-
    0 %
John Stanich
    40,000       40,000  
-nil-
    0 %
Z Lorenza Sullivan
    6,000       6,000  
-nil-
    0 %
Jerry Vanderham
    5,000       5,000  
-nil-
    0 %
TOTAL
    286,000       286,000            
 
(1)
Beneficial ownership is determined in accordance with the rules and regulations of the SEC. In computing the number of shares beneficially owned by a person and the percentage ownership of that person, securities that are currently convertible or exercisable into shares of our Common Stock, or convertible or exercisable into shares of our Common Stock within 60 days of the date hereof are deemed outstanding.  Such shares, however, are not deemed outstanding for the purposes of computing the percentage ownership of any other person.  Except as indicated in the footnotes below, each stockholder named in the table has sole voting and investment power with respect to the shares set forth opposite such stockholder’s name.
(2)
The percentage of beneficial ownership is based on 1,286,000 shares of Common Stock outstanding post-offering.
(3)
James Francella is the brother] of Richard Francella and the son of Sara Francella.
(4)
Mary Francella is the sister-in-law of Richard Francella and daughter-in-law of Sara Francella.
(5)
The controlling shareholder of Sierra West Capital is Jeff Chatfield.
 
 
 
 
To our knowledge, none of the selling shareholders:
 
has had a material relationship with us other than as a shareholder at any time within the past three years;
has ever been one of our officers or directors; or
are broker-dealers or affiliated with broker-dealers. 
 
PLAN OF DISTRIBUTION
 
The selling security holders may sell some or all of their shares at a fixed price of $0.10 per share until our shares are quoted on the OTCBB and/or the OTCQB and thereafter at prevailing market prices or privately negotiated prices.  Prior to being quoted on the OTCBB and/or the OTCQB, shareholders may sell their shares in private transactions to other individuals.   After the effective date of the registration statement relating to this prospectus, we hope to have a market maker file an application with FINRA for our common stock to be eligible for trading on the over-the-counter market.  We do not yet have a market maker who has agreed to file such application and there can be no assurance that a market maker will agree to file the necessary documents with FINRA for our common stock to be eligible for trading on the over-the-counter market, nor can there be any assurance that such an application for quotation will be approved.  However, sales by selling security holders must be made at the fixed price of $0.10 until a market develops for the stock.
 
Once a market has developed for our common stock, the shares may be sold or distributed from time to time by the selling stockholders, who may be deemed to be underwriters, directly to one or more purchasers or through brokers or dealers who act solely as agents, 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 may be changed.  The distribution of the shares may be effected in one or more of the following methods:
 
ordinary broker transactions, which may include long or short sales;
transactions involving cross or block trades on any securities or market where our common stock is trading;
through direct sales to purchasers or sales effected through agents;
through transactions in options, swaps or other derivatives (whether exchange listed of otherwise);
any combination of the foregoing.
 
In addition, the selling stockholders may enter into hedging transactions with broker-dealers who may engage in short sales, if short sales are permitted, of shares in the course of hedging the positions they assume with the selling stockholders.  The selling stockholders may also enter into option or other transactions with broker-dealers that require the delivery by such broker-dealers of the shares, which shares may be resold thereafter pursuant to this prospectus.  To our best knowledge, none of the selling security holders are broker-dealers or affiliates of broker dealers.
 
We will advise the selling security holders that the anti-manipulation rules of Regulation M under the Exchange Act may apply to sales of shares in the market and to the activities of the selling security holders and their affiliates.  In addition, we will make copies of this prospectus (as it may be supplemented or amended from time to time) available to the selling security holders for the purpose of satisfying the prospectus delivery requirements of the Securities Act.  The selling security holders may indemnify any broker-dealer that participates in transactions involving the sale of the shares against certain liabilities, including liabilities arising under the Securities Act.
 
 
 
 
Brokers, dealers, or agents participating in the distribution of the shares may receive compensation in the form of discounts, concessions or commissions from the selling stockholders and/or the purchasers of shares for whom such broker-dealers may act as agent or to whom they may sell as principal, or both (which compensation as to a particular broker-dealer may be in excess of customary commissions).  Neither the selling stockholders nor we can presently estimate the amount of such compensation.  We know of no existing arrangements between the selling stockholders and any other stockholder, broker, dealer or agent relating to the sale or distribution of the shares.  We will not receive any proceeds from the sale of the shares of the selling security holders pursuant to this prospectus.  We have agreed to bear the expenses of the registration of the shares, including legal and accounting fees, and such expenses are estimated to be approximately $40,000.
 
Notwithstanding anything set forth herein, no FINRA member will charge commissions that exceed 8% of the total proceeds of the offering.
 
DESCRIPTION OF SECURITIES TO BE REGISTERED
 
General
 
We are authorized to issue 75,000,000 shares of common stock, $0.001 par value per share. Currently, there are 1,586,000 shares of common stock issued and outstanding. 
 
The holders of our common stock:
 
have equal ratable rights to dividends from funds legally available if and when declared by our board of directors;
are entitled to share ratably in all of our assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs;
do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and
are entitled to one non-cumulative vote per Share on all matters on which shareholders may vote.
 
Dividends
 
We have not paid any cash dividends to our shareholders.  The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions.  It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.
 
Warrants
 
There are no outstanding warrants to purchase our securities.
 
Options
 
There are no outstanding options to purchase our securities.
 
Transfer Agent
 
Currently we do not have a stock transfer agent and we function as our own transfer agent.  We intend to engage a stock transfer agent in the near future.
 
 
 
 
INTERESTS OF NAMED EXPERTS AND COUNSEL
 
No expert or counsel named in this prospectus as having prepared or certified any part of this prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the common stock was employed on a contingency basis, or had, or is to receive, in connection with the offering, a substantial interest, direct or indirect, in the registrant or any of its parents or subsidiaries.  Nor was any such person connected with the registrant or any of its parents or subsidiaries as a promoter, managing or principal underwriter, voting trustee, director, officer, or employee.
 
The financial statements included in this prospectus and the registration statement have been audited by Malone Bailey, LLP to the extent and for the periods set forth in their report appearing elsewhere herein, and are included in reliance upon such report given upon the authority of said firm as experts in auditing and accounting.

The validity of the common shares being offered hereby will be passed upon by Karen A. Batcher, Esq of Synergen Law Group, APC Chula Vista, California.
 
DESCRIPTION OF BUSINESS
 
The Company
 
We were incorporated on March 14, 2012 in the State of Nevada.  In March 2012, we completed a merger with Premier Pacific Construction, Inc., a California corporation (“PPC-CA”).  PPC-CA was originally formed in 2000 by our President, Richard Francella to provide general contracting and construction services within San Diego County, California.  Mr. Francella has been a licensed contractor in the State of California since July 24, 2008.

In 2009, this country experienced an economic downturn and resulting depression in the real estate market.  The real estate market has started to recover, with existing home sales in June 2013 up 15.2% from the previous year.  Source:  National Association of Realtors.

The National Association of Home Builders (“NAHB”) recently announced a rebound  in the remodeling market in the second quarter of 2013.   According to the NAHB, the Remodeling Market Index (“RMI”) rose six points to 55.  This is the first time the RMI has been over 50 in eight years.   An RMI above 50 indicates that more remodelers report that market activity is higher compared to the prior quarter. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.  The NAHB partially attributes rise in existing home sales to the positive report.  Source: www.nahb.org/remodel.

The Company plans to take advantage of the upswing in the remodeling market by providing renovation and upgrade services to homeowners who need to sell their homes and wish to get the highest price possible.  We will focus primarily on building relationships with real estate brokers who can (1) refer us to selling homeowners, and (2) advise us on potential property market value of the home after renovation.  We will contract directly with the selling homeowner to provide our renovation and upgrade services and materials with little or no up-front payment to us.  Rather, our contracts will provide for payment through escrow at the time of sale.  We intend to include a contract provision for payment should the selling homeowner decide not to sell the property.  To secure payment, we intend to file construction liens with the appropriate county recorder’s office pursuant to State and local laws.
 
Our President, Richard Francella, has initiated efforts to build strategic partnerships with local real estate brokers who represent selling homeowners with properties that can be renovated to produce higher resale value.
 
 
 
 
We maintain our principal offices at 13103 Golden Way, Poway, CA  92064, and our telephone number is (858) 748-7152.
 
Employees
 
We currently have no employees other than Richard Francella, our President and Director, who works 30 hours per work week as a general contractor.
 
Business Development
 
We seek to develop mutually beneficial business relationships with real estate brokers who have been engaged to represent sellers of residential property.  Our ability to fully implement this marketing program is dependent upon proper use of our financing proceeds.  If we use our working capital faster than originally planned, we may be required to substantially curtail our business development efforts as well as face higher costs for renovating and/or upgrading sellers’ properties.  The implementation of a scaled-back program would slow our revenue growth.
 
Marketing and Sales
 
Our initial marketing efforts are geared toward developing mutually beneficial business relationships with real estate brokers.  Once we have built these relationships, our efforts may extend to marketing and promoting our services directly to homeowners in local publications.

Competition
 
We currently know of only one local competitor that offers renovation and real estate brokerage services as a package.  However, to the best of our knowledge, there is no other contractor that is willing to provide homeowners with renovations and upgrades to their properties without payment up front and without being tied to using a particular real estate broker.  Our local competitor is an established company with the ability to widely promote their services via television commercials.  There  is no guarantee that we will compete successfully with our competition.
 
DESCRIPTION OF PROPERTY
 
Our principal executive office is located at 13103 Golden Way, Poway, CA  92064, and our telephone number is (858) 748-7152.
 
LEGAL PROCEEDINGS
 
From time to time, we may become involved in various lawsuits and legal proceedings, which arise, in the ordinary course of business.  However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.  We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse effect on our business, financial condition or operating results.
 
 
 
 
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
 
There is presently no public market for our shares of common stock.  We anticipate applying for quoting of our common stock on the OTCBB and/or OTCQB upon the effectiveness of the registration statement of which this prospectus forms apart.  However, we can provide no assurance that our shares of common stock will be quoted on the OTCBB and/or OTCQB or, if quoted, that a public market will materialize.
 
Holders of Capital Stock
 
As of the date of this registration statement, we had a total of 25 holders of our common stock.
 
Rule 144 Shares
 
All 1,286,000 of the presently outstanding shares of common stock are “restricted securities” as defined under Rule 144 promulgated under the Securities Act and may only be sold pursuant to an effective registration statement or an exemption from registration, if available.  Rule 144, as amended, is an exemption that generally provides that a non-affiliate shareholder of a non-reporting company who has satisfied a one year holding period for such restricted securities may sell their shares without registration.  Our non-affiliate shareholders have held their shares for more than one year.  Accordingly, those shares are available for resale pursuant to Rule 144.

Affiliates of non-reporting companies may sell their shares after a one year holding period subject to certain volume limitations.  Our officers and directors own 1,000,000 restricted shares, or 78% of the outstanding common stock.  Since these officers have held their shares for more than one year, their shares are available for resale.  The sale of these shares by these individuals, whether pursuant to Rule 144 or otherwise, may have an immediate negative effect upon the price of the Company’s common stock in any market that might develop. 

Stock Option Grants
 
We do not have any stock option plans.
 
Registration Rights
 
We have not granted registration rights to the selling shareholders or to any other persons.
 
 
 
 
 
 
 
FINANCIAL STATEMENTS AND SELECTED FINANCIAL DATA
 


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
 
To the Stockholders and Board of Directors of
Premier Pacific Construction, Inc.
Poway, California
 
We have audited the accompanying balance sheets of Premier Pacific Construction, Inc. (the “Company”) as of December 31, 2012 and 2011 and the related statements of operations, stockholders’ equity, and cash flows for the years ended December 31, 2012 and 2011. 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 the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform an audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, 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 Premier Pacific Construction, Inc. as of December 31, 2012 and 2011 and the results of its operations and its cash flows for the years ended December 31, 2012 and 2011 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 1 to the financial statements, the Company has not generated revenue since its inception, has incurred losses in developing its business, and further losses are anticipated and has a working capital deficiency. The Company requires additional funds to meet its obligations and the costs of its operations. These factors raise substantial doubt about its ability to continue as a going concern. Management’s plans regarding those matters also are described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 
 
/s/MaloneBailey, LLP
www.malonebailey.com
Houston, Texas
November 5, 2013
 
 
 
 
 
Premier Pacific Construction, Inc.
Balance Sheets
             
             
   
December 31,
2012
   
December 31,
2011
 
             
ASSETS    
             
Current Assets
           
Cash and cash equivalents
    4,479       0  
Total current assets
  $ 4,479     $ 0  
                 
LIABILITIES & STOCKHOLDERS' DEFICIT    
Current Liabilities
               
Loan from shareholder
    1,250       -  
Total current liabilities
  $ 1,250     $ -  
                 
STOCKHOLDERS' EQUITY
               
Common stock $0.01 par value,100,000 shares authorized and
               
issued as of December 31, 2011. Common stock $0.001
               
par value, 75,000,000 authorized and 1,286,000 issued as of
               
December 31,2012
    1,286       1,000  
Additional paid-in capital
    28,655       17,580  
Deficit accumulated during development stage
    (26,712 )     (18,580 )
TOTAL STOCKHOLDERS' EQUITY
    3,229       -  
                 
TOTAL LIABILITIES AND EQUITY
  $ 4,479     $ (0 )
 
 
 
 
 
 
 
 
PREMIER PACIFIC CONSTRUCTION, INC.
 
Statements of Operations
 
             
             
   
Year Ended
   
Year Ended
 
   
December 31,
2012
   
December 31,
2011
 
             
Revenue
           
Third party revenue
  $ 32,450     $ -  
Related party revenue
    15,400          
Total revenue
    47,850       -  
                 
Cost of goods sold
               
Job related costs
    29,655       -  
Related party-job costs
    5,669       -  
Gross profit
    12,526       -  
                 
Operating costs
               
Professional fees
    12,790       245  
General and administrative
    7,868       10,182  
Total operating costs
    20,658       10,427  
                 
Net loss
  $ (8,132 )   $ (10,427 )
                 
                 
    $ (0.01 )   $ (0.01 )
                 
Weighted average number of
               
  common shares outstanding - basic and diluted
    1,229,883       1,000,000  
 
 
 
 

 
 
 
PREMIER PACIFIC CONSTRUCTION, INC.
 
Statements of Stockholders' Equity
 
Period from July 28, 2000 (inception) through December 31, 2012
 
   
   
                      Deficit        
                     
Accumulated
       
               
Additional
   
During
       
   
Common
   
Stock
   
Paid-in
   
Development
       
   
Shares
   
Amount
   
Capital
   
Stage
   
Total
 
                               
In July 2000 (inception) founders stock issued for cash
                             
at par value of $0.001 per share
    1,000,000     $ 1,000     $ -     $ -     $ 1,000  
Additional paid- in capital by founder
                    7,220               7,220  
Net loss
            -       -       (6,316 )     (6,316 )
                                         
Balance December 31, 2009
    1,000,000     $ 1,000     $ 7,220     $ (6,316 )   $ 1,904  
Cash withdrawal
                    (1 )             (1 )
Net loss
                            (1,837 )     (1,837 )
                                         
Balance December 31, 2010
    1,000,000     $ 1,000     $ 7,219     $ (8,153 )   $ 66  
Additional paid in -capital by founder
                    10,361               10,361  
Net loss
                            (10,427 )     (10,427 )
                                         
Balance December 31, 2011
    1,000,000     $ 1,000     $ 17,580     $ (18,580 )   $ (0 )
                                         
Shares issued for cash
    286,000       286       14,014       -       14,300  
Distributions to shareholders
    -       -       (9,381 )     -       (9,381 )
Expenses paid by shareholder and contributed to capital
                    6,392               6,392  
Cash contribution to company
                    50               50  
Net loss
    -       -       -       (8,132 )     (8,132 )
                                         
Balance December 31, 2012
    1,286,000     $ 1,286     $ 28,655     $ (26,712 )   $ 3,229  
 

 
 
 
 
 
PREMIER PACIFIC CONSTRUCTION, INC.
 
Statements of Cash Flows
 
             
             
   
Year Ended
   
Year Ended
 
   
December 31,
2012
   
December 31,
2011
 
             
CASH FLOWS FROM OPERATING ACTIVITIES
           
Net loss
  $ (8,132 )   $ (10,427 )
Adjustments to reconcile net loss to net cash
               
   provided by (used in) operating activities:
               
Changes in operating assets and liabilities:
               
Accounts payable
    -       -  
                 
Net cash provided (used in) operating activities
  $ (8,132 )   $ (10,427 )
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
Loan from shareholder
    1,250       -  
Issuance of common stock for cash
    14,300       -  
Cash withdrawal from shareholder
    (9,381 )        
Cash contribution from shareholder
    50       10,361  
Cash contribution from shareholder for expenses
    6,392          
Net cash provided by financing activities
    12,611       10,361  
                 
Net change in cash and cash equivalents
    4,479       (66 )
                 
Net increase  in cash
               
Cash and cash equivalents at beginning of period
    -       66  
Cash and cash equivalents at end of period
  $ 4,479     $ -  
                 
                 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
         
Cash paid  for :
               
Interest
  $ -     $ -  
Income Taxes
  $ -     $ -  
 
 
 
 
 
 
PREMIER PACIFIC CONSTRUCTION, INC.
NOTES TO FINANCIAL STATEMENTS
December 31, 2012 and 2011
 
 
1.  NATURE OF OPERATIONS
 
Premier Construction, Inc. (“The Company”) was originally incorporated in California on July 28, 2000 as Francella’s Kitchen and Bath Refinishing Inc. to engage in the business of small scale construction, repairs and alterations for residential clients. On August 8, 2008 the Company changed its name to Premier Pacific Construction, Inc., a California Corporation.  In March of 2012, the Company merged with Premier Pacific Construction Inc., a Nevada Corporation.
 
Going Concern Consideration
 
These financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company anticipates future losses in the development of its business raising substantial doubt about the Company’s ability to continue as a going concern. The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and/or issuance of common shares.
 
The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
 
 
2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
Cash and Cash Equivalents
 
The Company considers all highly liquid investments with original maturity of three months or less to be cash equivalents. As of December 31, 2012 and 2011, the Company did not have cash balances in excess of the Federal Deposit Insurance Corporation’s $250,000 limit.
 
Use of Estimates and Assumptions
 
The preparation of financial statements in conformity with generally accepted accounting principles requires that management makes 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 statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.
 
 
 
 
Revenue Recognition
 
The Company recognizes revenue from the sale of products or services in accordance with ASC 605-35-25-1 “Revenue Recognition in Financial Statements”. The Company has adopted the “Completed Contract method of Accounting”. Revenue will consist of services income and will be recognized only when the following criteria have been met 1) Persuasive evidence of an agreement exists; 2) Services and/or materials delivery have occurred; 3) The amount is fixed or determinable; 4) Collection is reasonably assured.
 
Income Taxes
 
The Company follows the accrual method of accounting for income taxes.  Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences).  The effect on the deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.  At December 31, 2012, a full deferred tax asset valuation allowance has been provided and no deferred tax asset has been recorded.
 
(Loss) per Share
 
The Company computes net income (loss) per share in accordance with ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of common shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. As of December 31, 2012 there are no dilutive securities.
 
 
3.  STOCKHOLDERS’ EQUITY
 
In March of 2012, the Company exchanged the 100,000 shares of common stock issued to the Founders in Premier Pacific Constructions Inc., a California Corporation, for 1,000,000 shares of common stock in Premier Pacific Construction Inc., a Nevada Corporation, all of which were owned by the Founders. As a result of a merger agreement between the two companies on March 26, 2012, Premier Pacific Construction Inc. a Nevada Corporation, is the surviving entity and does possess all the rights, powers, privileges and franchises and is subject to all of the obligations, liabilities, restrictions and disabilities of PPC-CA and PPC-NV. The 100,000 shares will be retroactively shown as 1,000,000 shares in PPC-NV on the Statement of Equity.
 
During 2012, the Company sold 286,000 shares to various investors for net proceeds of $14,300.
 
 
 
 
 
4.  RELATED PARTY TRANSACTIONS
 
During 2012, the majority shareholder loaned the Company $1,250 in order to repay two investors who requested a return of their investment. The loan carries no interest and has no maturity date.
 
During 2012, the Company completed a construction project for a relative of the majority shareholder. This was paid for by the relative and was profitable to the Company.
 
The majority shareholders of the Company have paid for some of the Company’s expenses from their personal funds in order for the Company to remain in business. These have been recorded as “additional paid-in capital” and while these monies carry no interest and have no maturity date, from time to time they have been repaid to the shareholders and the “additional paid-in capital” account has been reduced as a result.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

PREMIER PACIFIC CONSTRUCTION INC.
Balance Sheets
(Unaudited)
             
             
   
June 30,
2013
   
December 31,
2012
 
             
ASSETS
 
Current Assets
           
Cash and cash equivalents
  $ 541     $ 4,479  
Total current assets
    -       4,479  
                 
 TOTAL ASSETS
  $ 541     $ 4,479  
                 
                 
LIABILITIES & STOCKHOLDERS' EQUITY    
                 
Current Liabilities
               
Accounts payable
    3,000       -  
Loan from shareholder
    1,250       1,250  
Total current liabilities
    4,250       1,250  
TOTAL LIABILITIES
  $ 4,250     $ 1,250  
                 
STOCKHOLDER'S EQUITY
               
Common Stock $0.001 par value, 75,000,000 authorized and
               
1,286,000 issued
    1,286       1,286  
Additional paid-in capital
    28,655       28,655  
Deficit accumulated during exploration stage
    (33,650 )     (26,712 )
TOTAL STOCKHOLDERS' EQUITY(DEFICIT)
    (3,709 )     3,229  
                 
TOTAL LIABILITITES & STOCKHOLDERS' EQUITY
  $ 541     $ 4,479  
 
 
 
 
 
 
PREMIER PACIFIC CONSTRUCTION INC.
Statements of Operations
(Unaudited)
 
                         
                         
   
Three Months Ended
   
Three Months Ended
   
Six Months Ended
   
Six Months Ended
 
   
June 30,
2013
   
June 30,
2012
   
June 30,
2013
   
June 30,
2012
 
                         
Revenue
  $ 5,750     $ 15,400     $ 7,000     $ 15,400  
                                 
Cost of revenue
    6,000       4,479       6,000       5,669  
                                 
Operating costs
                               
Professional fees
    2,600       5,750       4,351       5,750  
General and administrative
    840       2,435       3,587       3,908  
Total operating costs
    3,440       8,185       7,938       9,658  
                                 
Net Loss
  $ (3,690 )   $ 2,736     $ (6,938 )   $ 73  
                                 
                                 
Basic earnings per share
  $ (0.00 )   $ (0.00 )   $ (0.00 )   $ (0.00 )
                                 
Weighted average number of
                               
common shares outstanding basic and diluted
    1,286,000       1,252,802       1,286,000       1,190,330  
 
 
 
 
 
 
 
 
 
PREMIER PACIFIC CONSTRUCTION INC.
 
Statements of Cash Flows
 
(Unaudited)
 
             
             
   
Six Months Ended
   
Six Months Ended
 
   
June 30,
2013
   
June 30,
2012
 
             
CASH FLOWS FROM OPERATING ACTIVITIES
           
Net profit (loss)
  $ (6,938 )   $ 73  
Adjustments to reconcile net loss to net cash
               
   provided by (used in) operating activities:
               
Changes in operating assets and liabilities:
               
Accounts Payable
    3,000          
Net cash used in operating activities
    (3,938 )     73  
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
Proceeds from shareholder loans
    -       1,250  
Issuance of common stock for cash
    -       13,250  
Cash Contribution from Shareholder
    -       50  
Cash Contribution from Shareholder for expenses
    -       3,622  
Cash Withdrawal from Shareholder
    -       (9,381 )
Net cash provided by financing activities
    -       8,791  
                 
Net change in cash
    (3,938 )     8,864  
                 
Cash and cash equivalents at beginning of period
    4,479       -  
                 
Cash and cash equivalents at end of period
  $ 541     $ 8,864  
                 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
               
Cash paid during year for :
               
Interest
  $ -     $ -  
Income Taxes
  $ -     $ -  
 
 
 
 
 
 

PREMIER PACIFIC CONSTRUCTION INC.
NOTES TO CONDENSED FINANCIAL STATEMENTS
AS AT JUNE 30, 2013
(Unaudited)
 
 
Note 1.  Basis of Presentation
 
The accompanying unaudited interim financial statements of Premier Pacific Construction Inc., have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Premier Pacific Construction Inc.’s Form S-1 filed with SEC.  In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year.  Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2012 as reported elsewhere in this Form S-1 have been omitted.  It is management's opinion that all adjustments necessary for a fair statement of the results of the interim periods have been made, and all adjustments are of a normal recurring nature.

Note 2.  Going Concern
 
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  The accumulated deficit through June 30, 2013 is $33,650.  This condition raises substantial doubt about the Company’s ability to continue as a going concern.  The Company will require additional funding for development and this additional funding may be raised through debt or equity offerings.  Management has yet to decide what type of offering the Company will use or how much capital the Company will attempt to obtain. There is no guarantee that the Company will be able to raise any capital through any type of offerings.
 
 
 
 
 
 
 
 
 

 
MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
 
Plan of Operations

All statements contained in this Prospectus, other than statements of historical facts, that address future activities, events or developments, are forward-looking statements, including, but not limited to, statements containing the word “believe,” “anticipate,” “expect” and word of similar import.  These statements are based on certain assumptions and analyses made by us in light of our experience and our assessment of historical trends, current conditions and expected future developments as well as other factors we believe are appropriate under the circumstances.  Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected.  The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance, and that actual results may differ materially from those in the forward-looking statements.  Such risks and uncertainties include, without limitation: established competitors who have substantially greater financial resources and operating histories, regulatory delays or denials, ability to compete as a start-up company in a highly competitive market, and access to sources of capital.
 
The following discussion and analysis should be read in conjunction with our financial statements and notes thereto included elsewhere in this Prospectus.  Except for the historical information contained herein, the discussion in this Prospectus contains certain forward-looking statements that involve risks and uncertainties, such as statements of our plans, objectives, expectations and intentions.  The cautionary statements made in this Prospectus should be read as being applicable to all related forward-looking statements wherever they appear in this Prospectus.  The Company's actual results could differ materially from those discussed here.
 
The Company has been operating since 2000, offering general construction services within San Diego County, California.  Over the past two years, we have had little revenue from operations and limited assets.  Our plan is to continue to offer general construction services while expanding our business into renovation of real estate properties to be sold.
 
During the next 12 months the Company will concentrate on networking with local real estate brokers who could refer homeowners who are interested in selling their properties, but need renovations and/or upgrades to increase the market value.  Our 12 month plan also includes building a website to attract real estate brokers and homeowners, completing our sub-contractor list, prospect for clients, and marketing our business on affiliate websites.
 
Within the next 6 months, we plan to have our website completed.  For our internet marketing efforts, the website content will be search engine optimized, as well as outreaches to relevant partner sites and blogs to build link exchanges, driving traffic to our site.  A stylish direct mail piece will also be produced highlighting our services and targeted to real estate brokers.
 
We anticipate that the design and development of the website will take approximately six weeks and the customer outreach will take six months.  We will immediately begin our advertising and marketing to source prospective realtor partners, investors and contractors through cold calls, referencing state lists of licensed and registered contractors, and direct mail strategies.   We will focus our marketing on real estate brokers, agents and real estate investor professionals.   The following table summarizes our planned marketing activities.
 
 
 

 
 
Planned activities
Budget
a)
Creating website
$3,000 - $4,000
     
b)
Advertising through Industry related publications
$2,000-$3,000
     
c)
Advertising through consumer special interest publications such as magazines, newsletters and newspapers.
$4,000-$5,000
     
d)
Attending industry related Trade Shows and Expos
$2,000-$3,000
     
e)
 
Public Relations activities, including: creating a PR package, contacting media outlets, writing expert articles and industry related news and updates for submission to various consumer periodicals
 
$2,500-$3,500
     
f)
Direct marketing
$1,500-$2,500
     
TOTAL ANTICIPATED MARKETING EXPENSES
$15,000-$21,000
 
 
In the event that we are unable earn enough revenue from operations, we will endeavor to proceed with our plan of operations by locating alternative sources of financing.  While the officers and directors have generally indicated a willingness to provide services and financial contributions if necessary, there are presently no agreements, arrangements, commitments, or specific understandings, either verbally or in writing, between the officers and directors and the Company.
 
We do not anticipate hiring any staff during the first 12 months of operation, and will rely on the services of outside contractors for the design and development of our website and for labor on our real estate property renovations.
 
If we become a public entity, subject to the reporting requirements of the Securities Exchange Act of 1934, we will incur ongoing expenses associated with professional fees for accounting, legal and a host of other expenses for annual reports and proxy statements.  We estimate that these accounting, legal and other professional costs would be a minimum of $12,000 in the next year and will be higher, in the following years, if our business volume and activity increases.  Increased business activity could greatly increase our professional fees for reporting requirements and this could have a significant impact on future operating costs.   The difference between having the ability to sustain our cash flow requirements over the next twelve months and the need for additional outside funding will depend on how fast we can generate sales revenue.
 
Results of Operations

We incurred net losses from operations in the amount of $8,132 for the year ending December 31, 2012 and $6,938 for the six months ending June 30, 2013. Our gross profits (revenues less cost of goods sold) for the year ending December 31, 2012 and for the six months ending June 30, 2013 were $12,526 and $1,000 respectively.  We incurred operating expenses in the amount of $20,658 for the year ending December 31, 2012 and $7,938 for the six months ending June 30, 2013.  These operating expenses included professional fees of $12,790 and $4,351 respectively in addition to administrative expenses.  We anticipate our operating expenses will increase as we undertake our plan of operations.  The increase will be attributed to costs associated with setting up and maintaining our website, and the professional fees to be incurred in connection with the filing of a registration statement with the Securities Exchange Commission under the Securities Act of 1933.  We anticipate our ongoing operating expenses will also increase once we become a reporting company under the Securities Exchange Act of 1934.
 
 

 
Liquidity and Capital Resources

As of June 30, 2013, we had cash of $541 and operating working capital deficit of $3,709.  Net cash flows from financing activities represented the Company’s principal source of cash for the period ending December 31, 2012.

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Going Concern

We have an accumulated deficit through June 30, 2013 of $33,650.  The Company will most likely require additional funding for development and this additional funding may be raised through debt or equity offerings.  Management has yet to decide what type of offering the Company will use or how much capital the Company will attempt to obtain. There is no guarantee that the Company will be able to raise any capital through any type of offerings.    For these reasons, our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.
 
DIRECTORS AND EXECUTIVE OFFICERS

Each of our directors is elected by the stockholders to a term of one year and serves until his or her successor is elected and qualified.  Each of our officers is appointed by the board of directors (the “Board”) to a term of one year and serves until his or her successor is duly elected and qualified, or until he or she is removed from office.  The Board has no nominating, audit or compensation committees.  Our executive officers and directors and their respective ages as of November 5, 2013, are as follows:
 
Name
 
Age
 
Position(s) and Office(s) Held
Richard Francella
 
43
 
President, Chief Executive Officer, and Director
         
Sara Francella
 
70
 
Chief Financial Officer, Secretary and Director

Set forth below is a brief description of the background and business experience of our officers and directors.  The registrant believes that the skills, experiences and qualifications of its officer and director provide the registrant with the expertise and experience necessary to advance the interests of its shareholders.
 
 
 
 
Richard Francella has been the President, Chief Executive Officer and Director of the Company since its inception.  Mr. Francella has been a licensed contractor since 2008.  He is currently licensed with the California Contractors State License Board in the following classifications: B – General Building Contractor; C33 – Painting and Decorating; D12 – Synthetic Products; and D52 – Window Coverings.  Mr. Francella has worked as a General Building Contractor since 2008. Prior to 2008, Mr. Francella did commercial and residential painting, millwork, custom countertops, and light framing.

Mr. Francella is not currently, nor has he ever been, a director of any public company.

Sara Francella has been the Chief Financial Officer and a Director of the Company since its inception.  In July 2012, she was also elected to serve as the Company’s Secretary.   Ms. Francella has acted as the bookkeeper of PPC-CA since 2008.  Prior to that, she worked 28 years for the City of Poway as a senior administrative assistant for the director of one of the city’s departments, where she was responsible for processing purchase orders and warrants for payments to vendors; assisted with annual budget preparation for the department’s seven divisions; prepared agenda reports, memorandums, and correspondence, maintained filing system; prepared agendas, scheduled meetings, and took minutes for several city committees whose members were Poway residents; responsible for annual volunteer recognition dinner (invitations, ordering catering services; decorations). Ms. Francella retired from the City of Poway in December 2009.

Ms. Francella is not currently, nor has she ever been, a director of a public company.

Directors
Our bylaws authorize no less than one (1) director.  We currently have two Directors.

Director Independence
Our Board of Directors has adopted the definition of “independence” as described in NASDAQ Rules 4200 and 4350.  Independent directors would not include anyone who, within the past three years, be employed by our Company or any parent or subsidiary of our Company or any of their family members; or any director who is, or who has a family member who is, a controlling shareholder.   Our Board of Directors has determined that its members do not meet the independence requirements.

Term of Office
Our directors are appointed for a one-year term 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.

Significant Employees
We have no significant employees other than our President.

Director Compensation
We do not have any standard arrangements by which directors are compensated for any services provided as a director.  No cash has been paid to the directors in their capacity as such.
 
 

 
Code of Ethics Policy
We have not yet adopted a code of ethics that applies to our principal executive officer, principal financial officer, principal accounting officer or controller or persons performing similar functions.

Corporate Governance
There have been no changes in any state law or other procedures by which security holders may recommend nominees to our board of directors.  In addition to having no nominating committee for this purpose, we currently have no specific audit committee and no audit committee financial expert.  Based on the fact that our current business affairs are simple, any such committees are excessive and beyond the scope of our business and needs.

Involvement in Certain Legal Proceedings
None of our directors, executive officers and control persons has been involved in any of the following events during the past ten years:
 
 
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 any 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 or her involvement in any type of business, securities or banking activities,; or

 
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.

Change-In-Control Arrangements
There are currently no employment agreements or other contracts or arrangements with our officers or directors.  There are no compensation plans or arrangements, including payments to be made by us, with respect to our officers, directors or consultants that would result from the resignation, retirement or any other termination of any of our directors, officers or consultants.  There are no arrangements for our directors, officers, employees or consultants that would result from a change-in-control.
 
EXECUTIVE COMPENSATION

Summary Compensation Table
The following table sets forth compensation for the periods ended December 31, 2011 and 2012, awarded to, earned by, paid to or accrued for the benefit of our principal executive officer and our principal financial officer.
 
 
 
 
 
(a)
 
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
 
(i)
 
(j)
                           
Change in
       
                           
Pension
       
                           
Value &
       
                           
Nonquali-
       
                       
Non-Equity
 
fied
       
                       
Incentive
 
Deferred
 
All
   
                       
Plan
 
Compen-
 
Other
   
               
Stock
 
Option
 
Compen-
 
sation
 
Compen-
   
Name and Principal
     
Salary
 
Bonus
 
Awards
 
Awards
 
sation
 
Earnings
 
sation
 
Totals
Position [1]
 
Year
 
($)
 
($)
 
($)
 
($)
 
($)
 
($)
 
($)
 
($)
Richard Francella
President, CEO
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
                                     
Sara Francella
CFO, Secretary(1)
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
                                     
Robert Francella
Secretary(2)
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
(1)
Sara Francella served as our CFO since the Company’s inception.  She was appointed as the Company’s Secretary in July 2012 upon the resignation of Robert Francella.
 
(2)
Robert Francella served as a Director and as the Company’s Secretary from the Company’s inception until July 2012.

Narrative Disclosure to the Summary Compensation Table

Our named executive officers do not currently receive any compensation from the registrant for their service as officers of the registrant.  All compensation to Mr. Francella was for contracting services provided on behalf of the Company.

Outstanding Equity Awards At Fiscal Year-end Table
The table below summarizes all unexercised options, stock that has not vested, and equity incentive plan awards for each named executive officer outstanding as of the end of our last completed fiscal year.
 
 
 
 
 
 
 
 
 
 
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
OPTION AWARDS
 
STOCK AWARDS
 
 
 
 
 
 
 
 
 
 
 
 
Name
 
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
 
Number of
Securities
Underlying
Unexercised
Options
 (#)
Unexercisable
 
Equity
Incentive
 Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)
 
Option
Exercise
 Price
 ($)
 
Option
Expiration
Date 
 
Number
of
Shares
or Shares
of
Stock That
Have
Not
Vested
(#)
 
Market
Value
of
Shares
or
Shares
of
Stock
That
Have
Not
Vested
($)
 
Equity
Incentive
 Plan
Awards:
 Number
of
Unearned
 Shares,
Shares or
Other
Rights
That Have
 Not
Vested
(#)
 
Equity
Incentive
Plan
Awards:
Market or
Payout
Value of
Unearned
Shares,
Shares or
Other
Rights
That
Have Not
 Vested
(#)
Richard Francella
 
0
 
0
 
0
 
0
 
n/a
 
0
 
0
 
0
 
0
                                     
Sarah Francella
 
0
 
0
 
0
 
0
 
n/a
 
0
 
0
 
0
 
0

Directors’ Compensation
The persons who served as members of our board of directors, including executive officers did not receive any compensation for services as director for the periods ended December 31, 2011 and 2012.
 
(a)
     
(b)
 
(c)
 
(d)
 
(e)
 
(f)
 
(g)
 
(h)
                       
Change in
       
                       
Pension
       
       
Fees
             
Value and
       
       
Earned
         
Non-Equity
 
Nonqualified
 
All
   
       
or
         
Incentive
 
Deferred
 
Other
   
       
Paid in
 
Stock
 
Option
 
Plan
 
Compensation
 
Compen-
   
       
Cash
 
Awards
 
Awards
 
Compensation
 
Earnings
 
sation
 
Total
Name
     
($)
 
($)
 
($)
 
($)
 
($)
 
($)
 
($)
Richard Francella
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
   
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
                                 
Sara Francella (1)
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
   
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
                                 
Robert Francella (2)
 
2011
 
0
 
0
 
0
 
0
 
0
 
0
 
0
   
2012
 
0
 
0
 
0
 
0
 
0
 
0
 
0
 
(1)
Sara Francella served as our CFO since the Company’s inception.  She was appointed as the Company’s Secretary in July 2012 upon the resignation of Robert Francella.
 
(2)
Robert Francella served as a Director and as the Company’s Secretary from the Company’s inception until July 2012.
 
 
 

Narrative Disclosure to the Director Compensation Table
Our directors do not currently receive any compensation from the registrant for their service as members of the board of directors of the registrant.  All compensation received by our officers and directors has been disclosed. There are no stock option, retirement, pension, or profit sharing plans for the benefit of our officers and directors.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The  following  table sets  forth the  ownership,  as of November 5, 2013, of our common  stock  by each  of our  directors,  and by all  executive  officers  and directors as a group, and by each person known to us who is the beneficial owner of more than 5% of any class of our securities. As of November 5, 2013, there were 1,286,000 common shares issued and outstanding.  To the best of our knowledge, all persons named have sole voting and investment power with respect to the shares, except as otherwise noted.
 
Title of Class
 
Name of
Beneficial Owner
 
Amount of
Beneficial Ownership
   
Percent of Class*
 
                 
Common
 
Richard Francella
President, CEO, Director
    500,000       38.9 %
                     
Common
 
Sara Francella
CFO, Secretary, Director
    500,000       38.9 %
                     
Common
 
Total all executive officers and directors
    1,000,000       77.8 %
                     
Common
 
5% Shareholders
    0       0  
 
As used in this table, "beneficial ownership" means the sole or shared power to vote, or to direct the voting of, a security, or the sole or shared investment power with respect to a security (i.e., the power to dispose of, or to direct the disposition of, a security).  In addition, for purposes of this table, a person is deemed, as of any date, to have "beneficial ownership" of any security that such person has the right to acquire within 60 days after such date.

The persons named above have full voting and investment power with respect to the shares indicated.  Under the rules of the Securities and Exchange Commission, a person (or group of persons) is deemed to be a "beneficial owner" of a security if he or she, directly or indirectly, has or shares the power to vote or to direct the voting of such security, or the power to dispose of or to direct the disposition of such security.  Accordingly, more than one person may be deemed to be a beneficial owner of the same security. A person is also deemed to be a beneficial owner of any security, which that person has the right to acquire within 60 days, such as options or warrants to purchase our common stock.
 
 


TRANSACTIONS WITH RELATED PERSONS, PROMOTERS AND
CERTAIN CONTROL PERSONS

During 2012, Richard Francella loaned the Company $1,250 in order to repay two investors who requested a return of their investment. The loan, which carries no interest and has no maturity date, was not memorialized in writing.
 
The majority shareholders of the Company have paid for some of the Company’s expenses from their personal funds in order for the Company to remain in business.  These have been recorded as “additional paid-in capital” and while these monies carry no interest and have no maturity date, from time to time they have been repaid to the shareholders and the “additional paid-in capital” account has been reduced as a result.
 
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES

Our directors and officers are indemnified as provided by the Nevada Revised Statutes and our Bylaws.  We have been advised that in the opinion of the Securities and Exchange Commission, indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act, and is, therefore, unenforceable. In the event that a claim for indemnification against  such  liabilities  is asserted by one of our  directors, officers,  or controlling persons in connection with the securities being registered, we will, unless in the  opinion  of our legal  counsel  the  matter has been  settled by controlling  precedent,  submit the question of whether such indemnification is against  public  policy to court of  appropriate  jurisdiction. We will then be governed by the court's decision.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
PART II
INFORMATION NOT REQUIRED IN THE PROSPECTUS


OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The estimated costs of this offering are as follows:
 
Securities and Exchange Commission registration fee
  $ 4  
Federal Taxes
  $ 0  
State Taxes and Fees
  $ 0  
Transfer Agent Fees
  $ 0  
Accounting fees and expenses
  $ 3,800  
Legal fees and expenses
  $ 5,000  
Total
  $ 8,804  

All amounts are estimates, other than the Commission's registration fee.

We are paying all expenses of the offering listed above.  No portion of these expenses will be borne by the selling shareholders.  The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale.
 
INDEMNIFICATION OF DIRECTORS AND OFFICERS

Our officers and directors are indemnified as provided by the Nevada Revised Statutes and our bylaws.

Under the governing Nevada statutes, director immunity from liability to a company or its shareholders for monetary liabilities applies automatically unless it is specifically limited by a company's articles of incorporation.  Our articles of incorporation do not contain any limiting language regarding director immunity from liability.  Excepted from this immunity are:
 
 
1.
a willful failure to deal fairly with the company or its shareholders in connection with a matter in which the director has a material conflict of interest;
 
 
2.
a violation of criminal law (unless the director had reasonable cause to believe that his or her conduct was lawful or no reasonable cause to believe that his or her conduct was unlawful);
 
 
3.
a transaction from which the director derived an improper personal profit; and
 
 
4.
willful misconduct.

Our bylaws provide that:

a.     the directors will cause the registrant to indemnify a director or former director of the registrant and the directors may cause the registrant to indemnify a director or former directors of a corporation or which the registration is or was a shareholder and the heirs and personal representatives of any such person against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, actually and reasonable incurred by him or them including an amount paid to settle an action or satisfy a judgment inactive criminal or administrative action or proceeding to which he is or they are made a party by reason of his or her being or having been a director of the registrant or a director of such corporation, including an action brought by the registration or corporation.  Each director of the registrant on being elected or appointed is deemed to have contracted with the registrant on the terms of the foregoing indemnity.
 
 
 
 
b.     the directors may cause the registrant to indemnify an officer, employee or agent of the registrant or of a corporation of which the registrant is or was a shareholder (notwithstanding that he is also a director), and his or her heirs and personal representatives against all costs, charges and expenses incurred by him or them and resulting from his or her acting as an officer, employee or agent of the registrant or corporation. In addition, the registrant shall indemnify the secretary or an assistant secretary of the registrant (if he is not a full time employee of the Corporation and notwithstanding that he is also a director), and his or her respective heirs and legal representatives against all costs, charges and expenses incurred by him or them and arising out of the functions assigned to the Secretary by the Corporation Act or these Articles and each such secretary and assistant secretary, on being appointed is deemed to have contracted with the registrant on the terms of the foregoing indemnity.
 
c.     the directors may cause the registrant to purchase and maintain insurance for the benefit6 of a person who is or was serving a director, officer, employee or agent of the registrant or as a director, officer, employee or agent of a corporation of which the registrant is or was a shareholder and his or her heirs or personal representatives against a liability incurred by him as a director, officer, employee or agent.

RECENT SALES OF UNREGISTERED SECURITIES

In March 2012, we issued 500,000 shares of our common stock to each Richard Francella and Sara/Robert Francella for a total of 1,000,000 shares.  The shares were issued in exchange for 100,000 shares of common stock in Premier Pacific Construction, Inc. a California corporation pursuant to a merger agreement between the two companies.  These shares were issued pursuant to Section 4(2) of the Securities Act of 1933 and are restricted shares as defined in the Securities Act.

We completed an offering of 286,000 shares of our common stock at a price of $0.05 per share to a total of twenty-three (23) purchasers on May 18, 2002.  The total amount we received from this offering was $14,300. The identity of the purchasers from this offering is included in the selling shareholder table set forth above.  We completed this offering pursuant to pursuant to Rule 504 promulgated under the Securities Act of 1933, as amended.

The common stock issued in our Rule 504 Offering was issued in a transaction not involving a public offering in reliance upon an exemption from registration provided by Rule 504 of Regulation D of the Securities Act of 1933.  Please note that pursuant to Rule 504, all shares purchased in the Regulation D Rule 504 offering completed in May 2012 were restricted in accordance with Rule 144 of the Securities Act of 1933.  We have never utilized an underwriter for an offering of our securities. Other than the securities mentioned above, we have not issued or sold any securities.
 
WHERE YOU CAN FIND MORE INFORMATION

We have filed with the Securities and Exchange Commission, 100 F Street NE, Washington, D.C. 20509, under the Securities Act of 1933 a registration statement on Form S-1 of which this prospectus is a part, with respect to the shares offered hereby.  We have not included in this prospectus all the information contained in the registration statement, and you should refer to the registration statement and our exhibits for further information.
 
 
 

 
In the Registration Statement, certain items of which are contained in exhibits and schedules as permitted by the rules and regulations of the Securities and Exchange Commission. You can obtain a copy of the Registration Statement from the Securities and Exchange Commission by mail from the Public Reference Room of the Securities and Exchange Commission at 100 F Street, NE, Washington, D.C. 20509, at prescribed rates. In addition, the Securities and Exchange Commission maintains a Web site at http://www.sec.gov containing reports, proxy and information statements and other information regarding registrants that file electronically with the Securities and Exchange Commission.  The Securities and Exchange Commission’s telephone number is 1-800-SEC-0330 (1-800-732-0330).  These SEC filings are also available to the public from commercial document retrieval services.

You should rely only on the information contained in this prospectus.  No finder, dealer, sales person or other person has been authorized to give any information or to make any representation in connection with this offering other than those contained in this prospectus and, if given or made, such information or representation must not be relied upon as having been authorized by the Company.  This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any of the securities offered hereby by anyone in any jurisdiction in which such offer or solicitation is not authorized or in which the person making such offer or solicitation is not qualified to do so or to any person to whom it is unlawful to make such offer or solicitation.
 
TABLE OF EXHIBITS

Exhibit Number
 
Description
 
3.2
 
Bylaws *
5.1
 
Opinion and Consent of Synergen Law Group, APC *
23.1
 
Consent of MaloneBailey, LLP *
* Previously filed with our Form S-1 Registration Statement on November 5, 2013.
 
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:

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

 
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment of the Registration Statement) which, individually or in the aggregate, 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) and 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 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
 

 
 
 
 
(iii)
To 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 deemed to be a new registration statement relating to the securities offered 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.
 
 
(4)
For the purpose of determining liability under the Securities Act of 1933 to any purchaser, if the registrant is subject to Rule 430C, each   prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to the purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or  made in any such document immediately prior to such date of first use.
 
(B)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the provisions described under Item 14 above 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 Act 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 the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized.
 
Dated:    November 8 , 2013 PREMIER PACIFIC CONSTRUCTION, INC.  
     
     
 
/s/ Richard Francella  
 
By:    Richard Francella, President and CEO
 
            (Principal Executive Officer)  
     
     
  /s/ Sara Francella  
  By:    Sara Francella, Secretary and CFO  
            (Principal Financial and Accounting Officer)  
 
 
 
 
40