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EXCEL - IDEA: XBRL DOCUMENT - EXERCISE FOR LIFE SYSTEMS, INC.Financial_Report.xls
EX-31.2 - EXHIBIT-31.2 - EXERCISE FOR LIFE SYSTEMS, INC.exhibit31-2.htm
EX-31.1 - EXHIBIT-31.1 - EXERCISE FOR LIFE SYSTEMS, INC.exhibit31-1.htm
EX-32.1 - EXHIBIT-32.1 - EXERCISE FOR LIFE SYSTEMS, INC.exhibit32-1.htm
EX-32.2 - EXHIBIT-32.2 - EXERCISE FOR LIFE SYSTEMS, INC.exhibit32-2.htm

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

(MARK ONE)

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

 

FOR THE QUARTERLY PERIOD ENDED: JUNE 30, 2012

 

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES
EXCHANGE ACT OF 1934

 

For the transition period from ______ to_______

 

Commission file number 333-153589

 

EXERCISE FOR LIFE SYSTEMS, INC.
(Name of small business issuer in its charter)

 

NORTH CAROLINA 22-3464709
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   

POB 17 STN Site 24

De Winton, AB

T0L 0X0
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code:  (403) 992-3161

 

Securities registered under Section 12(b) of the Exchange Act:   None
     
Securities registered under Section 12(g) of the Exchange Act:   Common stock, par value $0.0001 per share
    (Title of Class)

 

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

 

Indicate by check mark whether the registrant (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes [x] No [ ]

 

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

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

 

Large accelerated filer [ ]    Accelerated filer [ ]     
Non-accelerated filer [ ]     Smaller reporting company [x]

  

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes [ ]  No [x]

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:  As of June 30, 2012, the issuer had 40,000,000 shares of its common stock issued and outstanding.

 

 
 

 

INDEX TO FORM 10-Q

   
 PART I   Page No.
   
Item 1.  Financial Statements                                                                 F-1
   
Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations 2
   
Item 3.  Quantitative and Qualitative Disclosures About Market Risk 4
   
Item 4. Controls and Procedures 5
   
PART II                        
   
Item 1.  Legal Proceedings 5
   
Item 1A. Risk Factors 5
   
Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds 6
   
Item 3.  Defaults Upon Senior Securities 6
   
Item 4.  Mining Safety Disclosures 6
   
Item 5.  Other Information 6
   
Item 6.  Exhibits 6
   
Signatures 6

 

1
 

 

  PART 1 – FINANCIAL INFORMATION

 

 Item 1. Financial Statements

 

Index to Unaudited Financial Statements

 

    Pages
     
Unaudited Balance Sheets   F-2
     
Unaudited Statements of Income and Comprehensive Income   F-3
     
Unaudited Statements of Cash Flows   F-4
     
Notes to Financial Statements (Unaudited)   F-5 – F-8

  

F-1
 

 

 

Exercise For Life Systems, Inc.
Unaudited Balance Sheets
As Of June 30, 2012 And December 31, 2011

 

   June 30,
2012
  December 31, 2011
       
ASSETS          
CURRENT ASSETS          
Cash and cash equivalents  $—     $—   
Accounts receivable   —      —   
Inventories   —      —   
Prepaid expenses   —      —   
TOTAL CURRENT ASSETS   —      —   
           
FIXED ASSETS          
Property, plant, and equipment   13,763    13,763 
Accumulated depreciation   (13,763)   (13,763)
NET FIXED ASSETS   —      —   
           
TOTAL ASSETS  $—     $—   
           
LIABILITIES AND STOCKHOLDERS' EQUITY          
           
CURRENT LIABILITIES          
Accounts payable  $100,000   $100,000 
Notes payable   —      —   
Notes payable - related parties   —      —   
Due to related parties   —      —   
Interest payable   —      —   
Taxes payable   —      —   
Contingent liability   —      —   
TOTAL CURRENT LIABILITIES   100,000    100,000 
           
TOTAL LIABILITIES   100,000    100,000 
           
COMMITMENTS AND CONTINGENCIES          
           
STOCKHOLDERS' EQUITY          
Common stock ($.0001 par value, 100,000,000 authorized, 40,000,000  shares issued and outstanding as of June 30, 2012 and December 31, 2011, respectively)   4,000    4,000 
Additional paid in capital   743,665    743,665 
Accumulated other comprehensive income   —      —   
Accumulated deficit   (847,665)   (847,665)
TOTAL STOCKHOLDERS' EQUITY   (100,000)   (100,000)
           
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY  $—     $—   
           
The accompanying notes are an integral part of these financial statements.

 

F-2
 

 

Exercise For Life Systems, Inc.
Unaudited Statements Of Operations
For The Three And Six Months Ended June 30, 2012 And 2011

 

   For The Three Months  For The Six Months
   Ended June 30,  Ended June 30,
   2012  2011  2012  2011
REVENUES:                    
Sales  $—     $—     $—     $—   
Cost of sales   —      —      —      —   
Gross profit   —      —      —      —   
                     
EXPENSES:                    
Selling, general and administrative expenses   —      —      —      483,338 
Total expenses        —           483,338 
                     
(Loss) from operations  $—     $—     $—     $(483,338)
                     
Loss on Extinguishment of Debt   —      —      —      (21,000)
                     
NET (LOSS)  $—     $—     $—     $(504,338)
                     
Basic and fully diluted net loss per common share:  $—     $—     $—     $(0.02)
                     
Weighted average common shares outstanding   40,000,000    40,000,000    40,000,000    30,517,350 
                     
                     
The accompanying notes are an integral part of these financial statements.

 

  

F-3
 

 

Exercise For Life Systems, Inc.
Statements of Cash Flows
For The Six Months Ended June 30, 2012 and 2011
 
   For The Six Months Ended June 30,
   2012  2011
       
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net (loss)  $—     $(504,338)
Adjustments to reconcile net income to net cash provided by          
(used in) operating activities:          
Depreciation   —      309 
Stock based compensation, non-cash   —      502,880 
Changes in operating assets and liabilities:          
Accounts payable   —      —   
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES   —      (1,149)
           
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS   —      (1,149)
           
CASH AND CASH EQUIVALENTS:          
Beginning of period   —      1,149 
           
End of period  $—     $—   
           
SUPPLEMENTAL NON-CASH FINANCING ACTIVITIES:          
Conversion of accounts payable to notes payable for consulting services  $—     $—   
           
The accompanying notes are an integral part of these financial statements.

 

F-4
 


 

Exercise For Life Systems, Inc.

Notes To Financial Statements

June 30, 2012

(Unaudited)

 

1. BASIS OF PRESENTATION

 

The accompanying unaudited financial statements have been prepared in accordance with both generally accepted accounting principles for interim financial information, and the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The accompanying unaudited financial statements reflect all adjustments (consisting of normal recurring accruals) that are, in the opinion of management, considered necessary for a fair presentation of the results for the interim periods presented. Interim results are not necessarily indicative of results for a full year.

  

2. ORGANIZATION AND BUSINESS BACKGROUND

 

Exercise For Life Systems Inc. (the “Company”) was originally incorporated in the State of North Carolina on October 2, 2006 as A.J. Glaser, Inc. On June 12, 2008, the Company filed Articles of Amendment to change the name of the Company to Exercise For Life Systems Inc.

 

On February 10, 2011, the Company entered into a Plan of Exchange agreement with MediaMatic Ventures Inc., a privately-held company incorporated under the laws of the Province of Alberta, Canada (“MMV”), and the shareholders of MMV (“MMV Shareholders”). Pursuant to the agreement, the Company purchased all 15,685,692 of the issued and outstanding common shares of MMV from the MMV shareholders in exchange for issuing 28,000,000 shares of the Company’s common stock to MMV shareholders, which gave MMV shareholders an interest in the Company representing approximately 70% of the then issued and outstanding shares of the Company. The Company and MMV were hereby reorganized, such that the Company acquired 100% the ownership of MMV, and MMV became a wholly-owned subsidiary of the Company. Subsequent the deal was recinded and the financials have been restored to the pre acquisition phase.

  

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) under the accrual basis of accounting.

 

Use of Estimates

 

Financial statements prepared in accordance with GAAP require management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

 

F-5
 

  

Cash and Cash Equivalents

 

Cash equivalents are comprised of certain highly liquid investments with maturities of three months or less when purchased. The Company maintains its cash in bank deposit accounts, which at times, may exceed federally insured limits.

  

Long-Lived Assets

 

In accordance with ASC 350-30 (formerly SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets), the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that their then carrying values may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market value when available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company’s management currently believes there is no impairment of its long-lived assets. There can be no assurance however, that market conditions will not change or demand for the Company’s products under development will continue. Either of these could result in future impairment of long-lived assets.

 

Fair Value of Financial Instruments

 

ASC 820-10 (formerly SFAS No. 157, Fair Value Measurements) requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. ASC 820-10 defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As June 30, 2012 and December 31, 2011, the carrying value of certain financial instruments such as accounts receivable, accounts payable, accrued expenses, and amounts due to/from related party approximates fair value due to the short-term nature of such instruments.

  

Net (Loss) Income per Common Share – Basic and Diluted

 

Net (loss) income per common share is computed based on the weighted average number of shares outstanding for the period

 

Related parties

 

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

 

Recent Accounting Pronouncements

 

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its consolidated financial condition or the consolidated results of its operations.

 

F-6
 

 

Credit Quality of Financing Receivables and the Allowance for Credit Losses

 

In July 2010, the Financial Accounting Standards Board (“FASB”) amended the requirements for Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses. As a result of these amendments, an entity is required to disaggregate by portfolio segment or class certain existing disclosures and provide certain new disclosures about its financing receivables and related allowance for credit losses. The new disclosures as of the end of the reporting period are effective for the fiscal year ending December 31, 2010, while the disclosures about activity that occurs during a reporting period are effective for the first fiscal quarter of 2011. The adoption of this guidance did not impact the Company’s consolidated results of operations or financial position.

 

Fair Value Measurements and Disclosures

 

In January 2010, the FASB issued authoritative guidance regarding fair value measures and disclosures. The guidance requires disclosure of significant transfers between level 1 and level 2 fair value measurements along with the reason for the transfer. An entity must also separately report purchases, sales, issuances and settlements within the level 3 fair value roll forward. The guidance further provides clarification of the level of disaggregation to be used within the fair value measurement disclosures for each class of assets and liabilities and clarified the disclosures required for the valuation techniques and inputs used to measure level 2 or level 3 fair value measurements. This new authoritative guidance is effective for the Company in fiscal years beginning after December 15, 2010, and for interim periods within those fiscal years. The adoption of this guidance did not impact the Company’s consolidated results of operations or financial position.

  

4. COMMON STOCK

 

 Overall the Company issued during 2011 issued 28,447,950 shares .

 

Common stock issued to settle convertible loan

 

On February 10, 2011, the Company issued 2,100,000 shares of its common stock to settle the loan of $21,000 from a third party, which were accrued expenses due to the services rendered in connection with a reverse merger transaction and SEC compliance 10-K, 10-Q and Edgarization.

 

The loan holder had the option to convert the loan into common stock of the Company at the price of $.01 per share by August 2, 2011.

 

The fair value of this stock issuance was $42,000 determined using the fair value of the Company’s common stock on the grant date, at a market quoted price of $.02. The difference between the fair market value and the conversion price of $.01 per share was recognized as loss on extinguishment of convertible debt.

 

In February the Company issued 18,115,270 shares @.02 the market price for a failed merger resulting in an expense of $362,305. The shares issued were later transferred to the new president and the Company has expensed these as stock for services.

 

In February the Company issued 3,375,734 shares to pay off accrued liabilities of $45,079 and pay $22,436 in consulting fees.

 

F-7
 

 

Finally, the Company issued 4,856,946 for services valued at market @..02 cents per share resulting in an expense of $97,139.

 

5. GOING CONCERN UNCERTAINTIES

 

These financial statements have been prepared assuming that Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

 

As of June 30, 2012, the Company had an accumulated deficit of $847,665. Management has taken certain action and continues to implement changes designed to improve the Company’s financial results and operating cash flows.  The actions involve certain cost-saving initiatives and growing strategies, including (a) reductions in headcount and corporate overhead expenses; and (b) expansion into new market.  Management believes that these actions will enable the Company to improve future profitability and cash flow in its continuing operations through December 31, 2011.  As a result, the financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of the Company’s ability to continue as a going concern.

 

F-8
 

 

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

 

Forward Looking Statements

 

Certain statements in this report, including statements of our expectations, intentions, plans and beliefs, including those contained in or implied by "Management's Discussion and Analysis" and the Notes to Consolidated Financial Statements, are "forward-looking statements", within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are subject to certain events, risks and uncertainties that may be outside our control. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “will”, and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements. These forward-looking statements include statements of management's plans and objectives for our future operations and statements of future economic performance, information regarding our expansion and possible results from expansion, our expected growth, our capital budget and future capital requirements, the availability of funds and our ability to meet future capital needs, the realization of our deferred tax assets, and the assumptions described in this report underlying such forward-looking statements. Actual results and developments could differ materially from those expressed in or implied by such statements due to a number of factors, including, without limitation, those described in the context of such forward-looking statements, our expansion strategy, our ability to achieve operating efficiencies, our dependence on distributors, capacity, suppliers, industry pricing and industry trends, evolving industry standards, domestic and international regulatory matters, general economic and business conditions, the strength and financial resources of our competitors, our ability to find and retain skilled personnel, the political and economic climate in which we conduct operations and the risk factors described from time to time in our other documents and reports filed with the Securities and Exchange Commission (the "Commission"). Additional factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to: 1) our ability to successfully develop and deliver our products on a timely basis and in the prescribed condition; 2) our ability to compete effectively with other companies in the same industry; 3) our ability to raise sufficient capital in order to effectuate our business plan; and 4) our ability to retain our key executives.

 

Overview

 

As used herein the terms "We", the "Company", "EFLS", the "Registrant," or the "Issuer" refers to Exercise For Life Systems Inc.

 

We are a DVD rental company led by an experienced management team and focused on the DVD rental market. Our headquarters are located in Cochrane, Alberta, Canada.

 

We provide DVD rentals through strategically located kiosk machines in the surrounding Calgary, Alberta, Canada area.  Our management believes that we can harvest the new DVD kiosk technology to efficiently deliver rentals to customers on demand.

  

Plan of Operations

 

Our strategy is to pursue selected opportunities that are characterized by reasonable entry costs within locations, favorable economic terms and the availability of existing technological data that may be further developed using current technology.  

 

2
 

 

RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED JUNE 30, 2012 AND 2011

 

Revenues

 

We generated no revenues during both periods.

 

Cost of Revenues

 

We had no cost of revenues for either period.

 

Total operating expenses

 

During the six months ended June 30, 2011 total operating expenses were $483,338 compared to $0 in 2012..  The decrease by $483,338 was primarily attributable to the non-cash compensation, which was $481,880.

 

Total other expenses

 

During the six months ended June 30, 2012 total other expenses were zero in 2011 they were $21,000. The decrease related to other expense in 2011 was the loss on extinguishment of convertible debt in amount of $21,000.

  

Net (loss)/income

 

During the six months ended June 30, 2011, we had net loss of $504,338 compared to net loss of $0 during the comparable period in 2012.  

 

THREE MONTHS ENDED JUNE 30, 2011 COMPARED TO JUNE 30, 2010

 

Revenues

 

Revenues for the three months were zero.

 

Cost of Revenues

 

Costs were zero .

 

Operating Expenses

 

In 2012 and 2011 we had no costs for operations.

  

Liquidity and Capital Resources

 

Cash flows used in operating activities were $1,149 for the six months ended June 30, 2011, compared to cash flows of $0 used by the operating activities during the comparable period in 2012. Negative cash flows from operations for the six months ended in 2011 were due to the winding down of our operations.

 

3
 

 

Off-balance sheet arrangements

 

We have no off-balance sheet arrangements.

  

Critical Accounting Policies

 

Use of Estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts during the reporting periods.  Actual results could differ from those estimates. Significant estimates and assumptions included in our financial statements relate to estimate of loss contingencies and accrued other liabilities.

 

Fair Value of Financial Instruments

 

ASC 820-10 (formerly SFAS No. 157, Fair Value Measurements) requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. ASC 820-10 defines the fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of September 30, 2010 and December 31, 2009, the carrying value of certain financial instruments such as accounts receivable, accounts payable, accrued expenses, and amounts due to/from related party approximates fair value due to the short-term nature of such instruments.

 

Impairment of Long-Lived Assets

 

In accordance with ASC 350-30 (formerly SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets), the Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that their then carrying values may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. Impairment, if any, is based on the excess of the carrying amount over the fair value, based on market value when available, or discounted expected cash flows, of those assets and is recorded in the period in which the determination is made. The Company’s management currently believes there is no impairment of its long-lived assets. There can be no assurance however, that market conditions will not change or demand for the Company’s products under development will continue. Either of these could result in future impairment of long-lived assets.

  

ITEM 3. QUANTITATIVE AND QUALITIVE DISCLOSURES ABOUT MARKET RISK RISKS RELATED TO OUR BUSINESS

 

The information to be reported under this item is not required of smaller reporting companies.

 

4
 

  

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management to allow timely decisions regarding required disclosure.

 

In designing and evaluating disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable, not absolute assurance of achieving the desired objectives. Also, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake. The design of any system of controls is based, in part, upon certain assumptions about the likelihood of future events and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

 

As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of management, including our chief executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, management concluded that our disclosure controls and procedures are effective as of June 30, 2012 to cause the information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods prescribed by SEC, and that such information is accumulated and communicated to management, including our chief executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

 

Changes in Internal Control over Financial Reporting

 

There was no change in our internal controls over financial reporting identified in connection with the requisite evaluation that occurred during our last fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II  

 

ITEM 1. LEGAL PROCEEDINGS

 

None.

 

ITEM 1A. RISK FACTORS

 

The information to be reported under this item has not changed since the previously filed 10K, for the year ended December 31, 2011.

 

5
 

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

None during the three months ended June 30, 2012.

  

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None

  

ITEM 4. MINING SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

ITEM 6. EXHIBITS

 

      Incorporated by reference
Exhibit Exhibit Description Filed herewith Form Period ending Exhibit Filing date
31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X        
31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 X        
32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 X        
32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 X        

   

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

EXERCISE FOR LIFE SYSTEMS INC.

  (Registrant)
Date:  April 30, 2014

By: /s/ John Newman

John Newman

 

(On behalf of the Registrant and as
Principal Executive Officer)

    

6