SEC Company Response from ONLINE INNOVATION INC (CIK 0001104734) — Nov 25, 2005
ONLINE INNOVATION INC (CIK 0001104734)
Date: Nov. 25, 2005 · CIK: 0001104734 · Accession: 0001062993-05-002850
AI Filing Summary & Sentiment
File numbers found in text: 000-29285
Referenced dates: October 28, 2005, October 28, 2005
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Filed by Automated Filing Services Inc. (604) 609-0244 - Online Innovatoin Inc. - SEC Response Letter
November 24, 2005
United States Securities and Exchange Commission
Division
of Corporation Finance
Washington, D.C.
USA 20549
Attention: Ms. Kristina Beshears Staff Accountant
Re:
Item 4.02 Form 8K
Filed 10/19/05
Your
File No. 000-29285
Dear Ms Beshears,
This correspondence is in response to the letter dated October
28, 2005 regarding your comments on the above referenced matter. We have keyed
our responses to your comments as requested in your letter and they appear as
follows:
1.
We apologize sincerely for the confusion that this has
caused. An amended 8K referencing our oversight for this matter was filed
on November 1, 2005.
2.
Due the company’s size and the nature of its operations,
the company’s business is operated almost entirely by its principal
executive officer and principal financial officer, both of whom are
directors of the company. These individuals process and oversee all
transactions undertaken by the company and are responsible for record
keeping in relation to those transactions. They work directly with the
company’s auditors to prepare financial statements. As a result, they have
direct control over all information relating to and disclosed by the
company. All information regarding financial transactions is delivered to
the company’s auditors who assist the company in determining, based on
applicable accounting principles, what information should be disclosed in
the company’s financial statements. The company’s management determined,
based on management’s approach to making disclosure decisions as outlined
above, that there was limited risk of disclosure errors and that
management’s controls and procedures were therefore adequate. To the
extent that disclosure errors have occurred, they may have been the result
of reliance on the guidance of the company’s auditors as to which
information required disclosure in the company’s financial statements. To
the extent that this was the case, the company is having its auditors
involved in the preparation of responses to your comments so that both the
company and its auditors are aware of applicable disclosure requirements
for future financial statements. We feel that any errors will be corrected
in future filings if management and the company’s auditors are more
diligent in discussing all of the disclosure put forth and making sure
that all of the issues are accounted for in the financial statements. We
again apologize for any confusion that these issues have caused and we
remain committed to reporting all material facts in our filings and will
strive to ensure that the company is compliant.
Suite
130 – 13151 Vanier Place
Ph:
[604] 669.7564 Toll Free: 1.877.900.2299
Richmond, BC, Canada V6V 2J1
Fx: [604] 669.7507 www.online-innovation.com
In connection with the above responses to your letter dated October
28, 2005, the company acknowledges that:
•
The company is responsible for the adequacy and accuracy
of the disclosure in the filings;
•
SEC staff comments or changes to disclosure in response
to SEC staff comments do not foreclose the Commission from taking any
action with respect to the filings; and
•
The company may not assert staff comments as a defense in
any proceeding initiated by the Commission or any person under the federal
securities laws of the United States.
Yours very truly,
Online Innovation, Inc.
/s/ Marlene C. Schluter
Marlene C. Schluter, Director
Principal Financial Officer
/s/ Chad D. Lee
Chad D. Lee, Director
Principal Executive Officer
Suite 130 – 13151
Vanier Place
Ph: [604]
669.7564 Toll Free: 1.877.900.2299
Richmond, BC, Canada V6V 2J1
Fx: [604] 669.7507 www.online-innovation.com