UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended March 31, 2009
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the Transition Period From To
Commission file number: 0-50090
AMERICAN POST TENSION, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-3926203
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
1179 Center Point Drive, Henderson, NV 89074
(Address of principal executive offices) (Zip Code)
(702) 565-7866
(Registrant?s Telephone Number, Including Area Code)
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 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 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 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer [ ]Accelerated filer [ ]Non-accelerated filer [ ]
Smaller reporting company [ ]
(Do not check if a smaller reporting company)
Indicate by check mark whether registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act). Yes [ ] No [ ]
As of May 1, 2009, the registrant had 34,366,600 shares of Common
Stock $0.0001 par value) outstanding.
TABLE OF CONTENTS
Page No.
PART I FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS 1
ITEM 2. MANAGEMENT?S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION 2
AND RESULTS OF OPERATIONS
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 2
ITEM 4. CONTROLS AND PROCEDURES 3
PART II OTHER INFORMATION 3
Item 1. Legal Proceedings 3
Item 1A. Risk Factors 4
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 4
Item 3. Defaults upon Senior Securities 5
Item 4. Submission of Matters to a Vote of Security Holders 5
Item 5. Other Information 5
Item 6. Exhibits 5
SIGNATURES
Exhibit Index 6
Certification of Chief Executive Officer Pursuant to Section 302
Certification of Principal Financial and Accounting Officer
Pursuant to Section 302
Certification of Chief Executive Officer Pursuant to Section 906
Certification of Principal Financial and Accounting Officer
Pursuant to Section 906
FORWARD-LOOKING INFORMATION
To the extent that the information presented in this Quarterly
Report on Form 10-Q for the quarter ended March 31, 2009 discusses
financial projections, information or expectations about our products,
services, or markets, or otherwise makes statements about future events
or statements regarding the intent, belief or current expectations of
American Post Tension, Inc. and its subsidiary (collectively the
?Company?), its directors or its officers with respect to, among other
things, future events and financial trends affecting the Company, such
statements are forward-looking. We are making these forward-looking
statements in reliance on the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Although we believe that the
expectations reflected in these forward-looking statements are based on
reasonable assumptions, there are a number of risks and uncertainties
that could cause actual results to differ materially from such
forward-looking statements. Forward-looking statements are typically
identified by the words ?believes,? ?expects,? ?anticipates,? and similar
expressions. In addition, any statements that refer to expectations or
other characterizations of future events or circumstances are forward-
looking statements. Readers are cautioned that any such forward-looking
statements are not guarantees of future performance and that matters
referred to in such forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
other things, the pace of residential construction in our geographic
markets, changes in mortgage interest rates, prices and availability of
raw materials and supplies, our ability to locate, acquire, pay for, and
integrate other businesses that complement ours, our ability to expand
our business into the commercial construction field, our ability to
attract and retain qualified personnel if and as our business grows, and
risks associated with our stock being classified as a ?penny stock.? We
undertake no obligation to publicly update or revise these forward-
looking statements because of new information, future events or
otherwise, except as required by law.
PART 1. FINANCIAL INFORMATION.
Item 1. Financial Statements.
AMERICAN POST TENSION, INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
March 31, 2009 December 31, 2008
(Unaudited) (Audited)
ASSETS
Current assets:
Cash and cash equivalents $ 274,374 $ 472,280
Accounts receivable, net of
allowance for doubtful accounts
of $75,000 1,620,272 1,402,819
Inventory 1,006,675 646,033
Prepaid expenses 107,034 10,427
----------- ------------
Total current assets 3,008,355 2,531,559
Property and equipment, net of
accumulated depreciation of
$1,469,811 at March 31, 2009 and
$1,427,759 at December 31, 2008 806,738 848,790
Other assets 613 11,230
----------- -----------
Total assets $ 3,815,706 $ 3,391,579
=========== ===========
LIABILITIES AND SHAREHOLDER EQUITY
Current liabilities:
Accounts payable and accrued
expenses $ 910,692 $ 121,813
Accrued interest -- 1,080
Line of credit 820,000 840,000
----------- ------------
Total current liabilities 1,730,692 961,813
Long-term liabilities -- --
------------ ------------
Total liabilities 1,730,692 961,813
Shareholder equity
Preferred stock, $0.0001 par value,
1,000,000 shares authorized, no
shares issued at December 31, 2008
and March 31, 2009 -- --
Common stock, $0.0001 par value,
50,000,000 shares authorized,
34,366,600 issued at December 31,
2008 and at March 31, 2009 3,436 3,436
Additional paid in capital 5,174,707 5,174,707
Retained earnings (3,093,129) (2,748,377)
------------ ------------
Total shareholder equity 2,085,014 2,429,766
----------- ------------
Total liabilities and shareholder
equity $ 3,815,706 $ 3,391,579
=========== ============
The accompanying notes are an integral part of these financial statements
AMERICAN POST TENSION, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
For the Three Months Ended March 31, 2009 and 2008
Three Months Ended
March 31,
--------------------
2009 2008
--------- ----------
Sales $1,819,080 $3,034,336
Cost of sales 1,504,432 2,381,403
--------- ---------
Gross margin 314,648 652,933
Other costs and expenses
Selling, general and
administrative 653,013 1,019,192
--------- ---------
Income (loss)from operations (338,365) (366,259)
Other income and expense
Other income, net 1,980 3,004
Interest income (expense), net (8,367) 6,290
--------- ---------
Net income before income tax $(344,752) $(356,965)
Provision for income tax -- 131,066
--------- ---------
Net loss $(344,752) $(225,899)
========= =========
Net loss per share-basic $ (0.01) $ (0.01)
Net loss per share-diluted $ (0.01 $ (0.01)
Weighted average common
Shares outstanding:
Basic 34,366,600 34,291,600
Diluted 34,366,600 34,291,600
The accompanying notes are an integral part of these financial statements
AMERICAN POST TENSION, INC.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
For the Three Months Ended March 31, 2009 and 2008
Three Months Ended March 31,
2009 2008
------------ ------------
Net loss $ (344,752) $ (225,899)
Adjustment to reconcile net income to net
Cash provided by (used in) operations:
Depreciation 42,052 49,945
Changes in assets and liabilities:
(Increase) decrease in:
Accounts receivable (217,453) (420,445)
Inventory (360,642 609,174
Prepaid expenses and other assets (85,990) 23,859
Deferred tax asset (131,067)
Increase (decrease) in:
Accounts payable and accrued expenses 788,879 230,776
---------- ----------
Net cash provided by (used in) operations (177,906) 136,343
Cash flows from investing activities:
Acquisition (sale) of property and equipment -- (8,047)
---------- ----------
Net cash provided by investing activities -- (8,047)
Cash flows from financing activities:
Repayment of shareholder loans -- (138,409)
Decrease in line of credit (20,000) --
---------- ----------
Net cash provided by financing activities (20,000) (138,409)
---------- ----------
Net increase (decrease) in cash (197,906) (10,113)
Cash, beginning of period 472,280 1,206,064
---------- ----------
Cash, end of period $ 274,374 $1,195,951
The accompanying notes are an integral part of these financial statements
AMERICAN POST TENSION, INC.
NOTES TO THE UNAUDITED
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTHS AND NINE MONTHS
ENDED MARCH 31, 2009 AND 2008
Note 1: BASIS OF PRESENTATION OF INTERIM PERIOD
The accompanying unaudited financial statements of the Company at
March 31, 2009 and 2008 have been prepared in accordance with
generally accepted accounting principles (?GAAP?) for interim financial
statements, instructions to Form 10-Q, and Regulation S-X. Accordingly,
certain information and footnote disclosures normally included in
financial statements prepared in accordance with GAAP have been condensed
or omitted.
These condensed financial statements should be read in conjunction with
the financial statements and notes thereto included in the Company?s
annual report on Form 10-K for the year ended December 31, 2008. In
management?s opinion, all adjustments (consisting only of normal recurring
adjustments) considered necessary for a fair presentation to make the
Company?s financial statements not misleading have been included. The
results of operations for the periods ended March 31, 2009 and 2008
presented are not necessarily indicative of the results to be expected for
the full year. The December 31, 2008 balance sheet has been derived from
the Company?s audited financial statements included in the Company?s
annual report on Form 10-K for the year ended December 31, 2008.
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, the disclosure of contingent
assets and liabilities at the date of the financial statements and the
reported revenues and expenses during the reporting periods. Actual
results could differ from those estimates.
Fair Value
In September 2006, the Financial Accounting Standards Board (the ?FASB?)
issued Statement of Financial Accounting Standards (?SFAS?) No.
157, ?Fair Value Measurement? (?SFAS 157?). This statement defines fair
value, establishes a framework for measuring fair value in GAAP, and
expands disclosure about fair value measurements. This statement is
effective for financial statements for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal years. Earlier
application is encouraged, provided that the reporting entity has not yet
issued financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The Company
adopted SFAS 157 on January 1, 2008. Adoption of this statement did not
have a material impact on the financial statements of the Company.
AMERICAN POST TENSION, INC.
NOTES TO THE UNAUDITED
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTHS AND NINE MONTHS
ENDED MARCH 31, 2009 AND 2008
Note 1: BASIS OF PRESENTATION OF INTERIM PERIOD (continued)
Recent 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
financial condition or the results of its operations.
In March 2008, the FASB issued SFAS No. 161, ?Disclosures about
Derivative Instruments and Hedging Activities? (?SFAS 161?). SFAS 161
requires companies with derivative instruments to disclose information
that should enable financial-statement users to understand how and why a
company uses derivative instruments, how derivative instruments and
related hedged items are accounted for under FASB Statement No. 133
?Accounting for Derivative Instruments and Hedging Activities? and how
derivative instruments and related hedged items affect a company?s
financial position, financial performance and cash flows. SFAS 161 is
effective for financial statements issued for fiscal years and interim
periods beginning after November 15, 2008. The adoption of this statement
did not have a material effect on the Company?s future financial position
or results of operations.
In December 2007, the FASB issued SFAS No. 160, ?Non-controlling
Interests in Consolidated Financial Statements-An Amendment of ARB No.
51? (?SFAS 160?). SFAS 160 establishes new accounting and reporting
standards for the non-controlling interest in a subsidiary and for the
deconsolidation of a subsidiary. SFAS 160 is effective for fiscal years
beginning on or after December 15, 2008. The adoption of this statement
did not have a material effect on the Company?s future financial position
or results of operations.
AMERICAN POST TENSION, INC.
NOTES TO THE UNAUDITED
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTHS AND NINE MONTHS
ENDED MARCH 31, 2009 AND 2007
Note 1: BASIS OF PRESENTATION OF INTERIM PERIOD (continued)
In May 2008, the FASB issued FAS No. 162, "The Hierarchy of Generally
Accepted Accounting Principles". FAS No. 162 identifies the sources of
accounting principles and the framework for selecting the principles to be
used in the preparation of financial statements of nongovernmental entities
that are presented in conformity with generally accepted accounting
principles in the United States. It is effective 60 days following the SEC's
approval of the Public Company Accounting Oversight Board amendments to AU
Section 411, "The Meaning of Present Fairly in Conformity With Generally
Accepted Accounting Principles". The adoption of this statement is not
expected to have a material effect on the Company's financial statements.
Note 2 ACCOUNTS RECEIVABLE
Accounts receivable are summarized as follows:
March 31, December 31,
2009 2008
--------------- -----------------
Accounts receivable $ 1,695,272 $ 1,477,819
Allowance for doubtful accounts (75,000) (75,000)
-------------- -----------------
Net amount $ 1,620,272 $ 1,402,819
The Company?s top ten customers comprised 68% of sales during the three
month period ending March 31, 2009. The top ten customers comprised
58% of sales during the twelve months ended December 31, 2008.
Note 3: RELATED PARTY TRANSACTIONS
The Company leases substantially all of its office, maintenance and
warehouse facilities from entities that are owned and/or controlled by Ed
Hohman, President, and John Hohman, Chief Operating Officer, who are the
Company?s principal shareholders. Rents were paid or accrued in favor of
the shareholders in the amount of $60,000 during the three months
ended March 31, 2009 and $248,160 during the twelve months ended
December 31, 2008.
Note 4: SHAREHOLDER LOANS AND LONG TERM DEBT
During the year ended December 31, 2008, the Company entered into a
line of credit agreement with the Bank of Nevada in the total amount of
$1,700,000, which is guaranteed by our principal officers, Edward Hohman and
John Hohman and secured by assets of the Company. This line, which carries
AMERICAN POST TENSION, INC.
NOTES TO THE UNAUDITED
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTHS AND NINE MONTHS
ENDED MARCH 31, 2009 AND 2008
Note 4: SHAREHOLDER LOANS AND LONG TERM DEBT (continued)
an interest rate of 6% on outstanding balances, had $820,000 outstanding on
it at March 31, 2009. The line matures on July 24, 2009 and is renewable
annually.
Note 5: INCOME TAXES
The Company accounts for income taxes under Statement of Financial
Accounting Standards No. 109, ?Accounting for Income Taxes (?SFAS
No.109?). SFAS No.109 requires the recognition of deferred tax assets and
liabilities for both the expected impact of differences between the
financial statements and tax basis of assets and liabilities, and for the
expected future tax benefit to be derived from tax loss and tax credit
carry-forwards. SFAS No. 109 additionally requires the establishment of a
valuation allowance to reflect the likelihood of realization of deferred
tax assets. Prior to 2003, the Company and its stockholders elected to be
taxed under subchapter S of the Internal Revenue Code. As a result, all
income and losses were reported by the Company?s stockholders. The
following is a reconciliation of income taxes computed using the
statutory Federal rate to the income tax expense in the financial statements
for March 31, 2009.
Income tax provision at the federal statutory rate 34%
Effect of operating losses (34)%
As of March 31, 2009, the Company has net operating losses for Federal
income tax purposes totaling approximately $3,093,129. The following is a
schedule of deferred tax assets as of March 31, 2009:
Net operating loss $3,093,129
Future tax benefit at 34% 1,051,664
Less: Valuation allowance (1,051,664)
----------
Net deferred tax asset $ --
Under Sections 382 and 269 (the ?shell corporation? rule) of the Code
following an ?ownership change,? special limitations (?Section 382
Limitations?) apply to the use by a corporation of its net operating
loss, or NOL, carryforwards arising before the ownership change and
various other carryforwards of tax attributes (referred to collectively
as the ?Applicable Tax Attributes?). The Company had NOL carryforwards
due to historical losses of Magic of approximately $364,393 at December 31,
2006. This NOL carryforward will expire through calendar year 2026 if
not utilized and is subject to review and possible adjustment by the IRS.
As a result of the Merger, the Company experienced an ownership change,
and Section 382 Limitations will apply to the Applicable Tax Attributes
of the Company.
AMERICAN POST TENSION, INC.
NOTES TO THE UNAUDITED
CONDENSED FINANCIAL STATEMENTS
FOR THE THREE MONTHS AND NINE MONTHS
ENDED MARCH 31, 2009 AND 2008
Note 5: INCOME TAXES (continued)
The Company has adopted the provisions of FIN 48. As a result of the
implementation of FIN 48, the Company performed a comprehensive review of
its uncertain tax positions in accordance with recognition and
measurement standards established by FIN 48. In this regard, an uncertain
tax position represents the Company?s expected treatment of a tax
position taken in a filed tax return, or expected to be taken in a tax
return, that has not been reflected in measuring income tax expense for
financial reporting purposes. The Company does not expect any reasonably
possible material changes to the estimated amount of liability associated
with uncertain tax positions through March 31, 2009. The Company?s
continuing policy is to recognize accrued interest and penalties related
to income tax matters in income tax expense.
Note 6: EQUITY
There were no shares issued during the quarter ended March 31, 2009.
ITEM 2. MANAGEMENT?S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND
RESULTS OF OPERATIONS
Three Months Ended March 31, 2009 as compared to Three Months Ended March 31,
2008 Results of Operations
The following table sets forth, for the periods indicated, certain
information related to our operations, expressed in dollars and as a
percentage of our net sales:
Three Months Ended March 31, 2009:
Net sales
Net sales totaled $1,819,080 for the three months ended March 31, 2009,
as compared to $3,034,336 for the same period in 2008, or a decrease of 167%.
Home Builders Research reported that new home sales remain down in Las Vegas
and the year to date 2009 metro Phoenix housing market continues at a pace
belowthat of last year and permit activity is down as well. Our revenue is
derived from new construction of residential housing and is directly related
to new home sales and permits for new residential construction. The decreased
activity of new residential home construction has been pronounced in Las
Vegas, Nevada and Phoenix, Arizona has resulted in reduced sales level and
gross margin.
Cost of sales
Cost of sales, including all installation expenses, during the three months
ended March 31, 2009 was 82.3% of net sales, as compared to 78.5% in 2008. We
are anticipating competition to increase and downward
pressure on our gross margin during the next year as current and potential
competitors seek new revenue streams.
Selling, general and administrative expenses
Selling, general and administrative expenses for the three months ended
March 31, 2009 were $653,013 or 35.9% of net sales as compared to $1,019,192
or33.6% of net sales during the same period of the prior year. Selling,
general and administrative expenses decreased by $366,179 for the
three month period ending March 31, 2009 versus the three month
period ending March 31, 2008. Our Chief Executive Officer and Chief
Operating Officer, who together own approximately 75% of the outstanding
shares of common stock, have salaries of $250,000 per year.
Provision for income taxes
The Company recorded no provision for income taxes for the three months
ended March 31, 2009, because of concerns regarding the potential
realization of the benefits of the tax loss.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Not applicable
ITEM 4. CONTROLS AND PROCEDURES
a) Evaluation of Disclosure Controls and Procedures.
Under the supervision and with the participation of our management,
including our Chief Executive Officer and Chief Financial Officer, we
evaluated the effectiveness of the design and operation of our disclosure
controls and procedures (as such term is defined in Rule 13a-15(e) under
the Securities Exchange Act of 1934 (the ?Exchange Act?)). Disclosure
controls and procedures are the controls and other procedures that we
designed to ensure that we record, process, summarize and report in a
timely manner the information we must disclose in reports that we file
with or submit to the Securities and Exchange Commission under the
Exchange Act. Based on this evaluation, our Chief Executive Officer and
our Chief Financial Officer concluded that our disclosure controls and
procedures were effective as of the end of the period covered
by this report.
Disclosure controls and procedures are controls and procedures that are
designed to ensure that information required to be disclosed in our
reports filed or submitted under the Securities Exchange Act is recorded,
processed, summarized and reported, within the time periods specified in
the Securities and Exchange Commission?s rules and forms. Disclosure
controls and procedures include, without limitation, controls and
procedures designed to ensure that information required to be disclosed in
our reports filed under the Exchange Act is accumulated and communicated
to management, including our principal executive officer and our principal
financial officer, as appropriate, to allow timely decisions regarding
required disclosure.
(b) Changes in Internal Control over Financial Reporting.
During the quarter ended March 31, 2009, there was no change in our
internal control over financial reporting (as such term is defined in
Rule 13a-15(f) under the Exchange Act) that has materially affected, or
is reasonably likely to materially affect, our internal control over
financial reporting.
PART II OTHER INFORMATION
Item 1. Legal Proceedings
We have been involved in various legal and governmental proceedings
incidental to our continuing business operations. As of March 31, 2009
there were no continuing legal suits or any known pending litigation
related to claimed construction defects as a result of services and
products provide to our customers.
On October 26, 2007, the District Council of Iron Workers of the State
of California and Vicinity (?Ironworkers?) filed a charge with the
National Labor Relations Board alleging that Post Tension of Nevada, Inc.
engaged in unfair labor practices in its Phoenix operations. The General
Counsel of the Board issued a complaint and notice of hearing based on
this charge alleging that Post Tension committed certain unfair labor
practices and that the employees had engaged in an unfair labor practice
strike. A hearing on this matter was held and the Administrative Law Judge
held that a strike by employees was an unfair labor practice strike. The
Company is now waiting to determine what periods are covered in the
settlement of the issue and estimates that approximately $30,000 in back
wages are due.
The Company is also participating in an on-going arbitration dispute with
its former Chief Financial Officer, who resigned from the Company in
March, 2008, as provide in the contract under which he was employed. The
Company also has filed a separate legal proceeding seeking damages from the
former CFO in a state court in Las Vegas. Neither the arbitration nor
the legal proceeding is expected to have a material effect on our
financial results.
ITEM 1A. Risk Factors
Investing in our common stock involves a high degree of risk. Certain of
the risks related to an investment in our common stock were disclosed in
our Annual Report on Form 10-K for the year ended December 31, 2008, under
Item 1A, ?Risk Factors? which is hereby incorporated into this report by
this reference. You should carefully consider those risk factors, as well
as the following additional risk factors and other information in this
report, before deciding whether to invest in shares of our common stock.
The decreased activity of new residential home construction has been
pronounced in Las Vegas, Nevada and Phoenix, Arizona and has resulted in
significantly reduced sales and gross margin. Our revenue is derived
primarily from new construction of residential housing and is directly
related to new home sales and permits for new residential construction.
The recent downturn in residential construction in Las Vegas, Nevada and
Phoenix, Arizona has resulted in a significant reduction in our revenues
for the three-month period ended March 31, 2009. We cannot predict
whether or when residential construction activity will rebound in those
markets. Prolonged sluggishness in residential construction, however, can
be expected to continue to have a negative impact on our revenues and
earnings.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
There were no issuances of stock during the quarter ended March 31, 2009.
Item 3. Defaults upon Senior Securities
There were no defaults upon senior securities during the three month
period ended March 31, 2009.
Item 4. Submission of Matters to a Vote of Security Holders
None
Item 5. Other Information
None
Item 6. Exhibits
31.1 Certification of Chief Executive Officer Pursuant to Section 302 of
the Sarbanes-Oxley Act.
31.2 Certification of Principal Financial and Accounting Officer Pursuant
to Section 302 of the Sarbanes-Oxley Act.
32.1 Certification of Chief Executive Officer Pursuant to Section 906 of
the Sarbanes-Oxley Act.
32.2 Certification of Principal Financial and Accounting Officer Pursuant
to Section 906 of the Sarbanes-Oxley Act.
SIGNATURES:
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
May 15, 2009 American Post Tension, Inc.
(Registrant)
By: /s/ Edward Hohman
------------------------------
Edward Hohman
President and Chief Executive
Officer (Principal Executive
Officer) and
By: /s/ Robert Hipple
------------------------------
Robert Hipple
(Principal Financial Officer)
Exhibit Index
Exhibit No. Description
31.1 Certification of Chief Executive Officer Pursuant to Section 302 of
the Sarbanes-Oxley Act.
31.2. Certification of Principal Financial and Accounting Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act.
32.1 Certification of Chief Executive Officer Pursuant to Section 906 of
the Sarbanes-Oxley Act.
32.2 Certification of Principal Financial and Accounting Officer
Pursuant to Section 906 of the Sarbanes-Oxley Act.