INVICTA DIE NEUE RAKETE? ES GEHT BALD ZUR OTC! - 500 Beiträge pro Seite

[SlayGrosswildjaeger]

INVICTA Group (IVGA) mit gigantischem
Kurspotenzial mit Travel Portal!


Kursziel: 0,07
Potenzial: über 2000%
Kürzel: IVGA
ISIN: US4618381044
Bewertung: STRONG BUY



http://www.invictatravelgroup.com


Retail Websites:

http://www.travelhotlink.com
http://www.dontpayfullfare.com
http://www.isiptelecom.com
http://www.airplan.com
http://www.cruiseexcitement.com
http://www.lasvegasexcitement.com
http://www.casinoratedplayers.com


Das Unternehmen der Invicta Group hat verschiedenen E-
Commerce Beteiligungen. Die wichtigste stellt zweifellos
die folgende dar: http://www.travelhotlink.com/ einen
Reiseshop. Zudem gehören 100% eines Voice of IP Anbieters
zur Gesellschaft.

Der Umsatz kann sich sehen lassen und liegt bei 10 Mio.
USD/ Jahr. Die VoiP Tochter macht über 100.000 USD Gewinn.
Bei 170 Mio. ausstehenden Aktien, errechnet sich ein
Bewertung von rund 190.000 USD. Der Aktienkurs notiert
günstig bei rund 0,0013 Cent.

Die Aktie ist ins Pink sheet zurückgesetzt worden. In
Anbetracht dessen, dass die Aktie bald wieder an der OTCBB
notiert, ist quasi ein Kurssprung vorprogrammiert und der
Handel in Berlin dürfte wieder losgehen......

Fazit: Nimmt man alles zusammen, ist die Aktie zur Zeit
absolut billig zu haben und man sollte nicht lange
überlegen und einfach zugreifen. Die Bewertung ist, in
Anbetracht der vorliegenden Zahlen, ein schlechter Witz.


Erstes Kursziel ist für mich 0,06.Cent. Das würde ein
Kurspotenzial von rund 5000% entsprechen. In diesen Werten
noch nicht eingerechnet sind die anderen Portale der
Invicta Group, die bekommt man quasi noch geschenkt.



Retail Websites:
http://www.travelhotlink.com
http://www.dontpayfullfare.com
http://www.isiptelecom.com
http://www.airplan.com
http://www.cruiseexcitement.com
http://www.lasvegasexcitement.com
http://www.casinoratedplayers.com


Analyse zur Invicta Group


http://www.equitilinkpr.com/pdf/IVGA%20Report%20040405.pdf

INVICTA Group
MANAGEMENT
Bill Forhan, President & CEO, has
worked for over 37 years in the travel and
entertainment industries, and has served as
CEO for several public and private
corporations. He founded and was chief
executive for both Integrated Marketing
Professionals, Inc. and Aviation
Industries, before selling both companies
in 1999.
David Scott, COO, is a 26-year veteran of
the airline ticket consolidation industry.
Mercedes Henze, VP of Operations,
spent 25 years with an international tour
operator.
Joe Fahoome, President of Casino Rated
Players, has an impressive 25 years
experience in the casino industry.
Daniel Miroli, President of ISIP
Telecom, Inc., has a strong background in
VoIP.
Marilyn Stewart, Manager of Las Vegas
Excitement, has 25 years in the travel
industry.

NOTE FROM THE CEO
In our interview of IVGA CEO Bill
Forhan, he clearly stated that he is
firmly against, and does not intend
to do a reverse split of IVGA stock.



Fazit: Muß man mehr sagen? Eine phantastische
Möglichkeit, einmal rechtzeitig dabeizusein.
Es grüßt Euch Euer Slay!!!

[SlayGrosswildjaeger]

Sorry der Aktienkurs notiert nicht mehr bei 0,0013 USD, sondern schon bei 0,0034 Tendenz steigend!! Somit ist das Potenzial bis zum Erreichen meines ersten Kurszieles bei 0,06 erstmal nur 1765% Prozent Aufschlag!
Nur meine Meinung natürlich!

[SlayGrosswildjaeger]

Ohne Worte!!!!!!

[SlayGrosswildjaeger]

Nach dem Ausbruch waren wir jetzt bischen in einer Zwischenkonsi zum Luftholen bevor es weiter up gehen sollte! Nördlichst meiner Meinung nach!!!

[SlayGrosswildjaeger]

Boden hat sich bei 0,003 gefunden! Stabile Sache!

[SlayGrosswildjaeger]

Wie gesagt: erwartete Notierung an OTC mit Handel in Berlin Bremen! Wenn das filing kommt ist es wahrscheinlich zu spät, von Anfang an dabei zu sein! Jetzt oder teurer! Aufwärtstrend völlig intakt!! Gute News stehen an, denke ich!! Schaut Euch mal die Töchter an!! Was sind die zusammen wert? 5 Millionen? 10 Millionen? Oder mehr? Wieviel ist Invicta zur Zeit wert? Fast nichts, richtig!!

[SlayGrosswildjaeger]

Das wird unsere nächste Rakete hier! INVICTA RULEZ!!

[gauner1]

slay

damit du dich nicht alleine fühst, will ich auch was schreiben.

wir warten jeden tag auf filing und q zahlen. aber bill sagt seit 2 monaten immer " next week "

daher glaube ich, dass der spanier ist


gruß gauner

[SlayGrosswildjaeger]

[posting]17.731.747 von gauner1 am 30.08.05 19:29:55[/posting] Spanier!
Ich habe mitgekriegt, daß heute oder morgen die filings kommen müßten!! Insofern die Frist eingehalten wird!!!

[Naposim]

Ist ja auch schon Handel wie sau 44,6 mill ja wau sind 14600$ sind heut fast 12000 euro liegt bestimmt am filling!
Slay hast du sie immernoch nicht los naja noch bischen Werbung dann wirst du morgen wieder welche in Berlin mit
+400% los weißt ja wie es Funktioniert!

[Naposim]

Ups entschuldigung Slay sind sogar nur 37k zu 0.003 gehandelt111

[gauner1]

slay

bist du mt bill verwandt ? du sagst ja auch " manjana "

[SlayGrosswildjaeger]

[posting]17.732.180 von Naposim am 30.08.05 20:06:02[/posting]Bestimmt Du Laber*****! Was für 44,6 Millionen? Alter, bleibe bitte bei der Wahrheit! Heute nämlich bis jetzt noch gar kein Handel!

[SlayGrosswildjaeger]

[posting]17.732.180 von Naposim am 30.08.05 20:06:02[/posting]...und ausserdem bin ich long hier, und das hat seine Gründe! Aber Dich will ich eh nicht dabei haben! Wer bist Du eigentlich, kommst voll dumm rüber!

[SlayGrosswildjaeger]

[posting]17.732.304 von Naposim am 30.08.05 20:21:11[/posting]Ja wie jetzt, bitte entscheide Dich!! Was ist jetzt der Handel?

[SlayGrosswildjaeger]

[posting]17.732.304 von Naposim am 30.08.05 20:21:11[/posting]...gibt halt keine Stücke mehr!!!

[SlayGrosswildjaeger]

[posting]17.732.320 von gauner1 am 30.08.05 20:22:42[/posting]

[SlayGrosswildjaeger]

[posting]17.732.353 von SlayGrosswildjaeger am 30.08.05 20:25:40[/posting]...und das ist für mich ein gutes Zeichen!!!

[Naposim]

Habs gerad gesehen 37000 tausend gehandelt MK 0,20 mio
Euro hat wohl beim letzten Kurssprung jemand nen Kaugummi
im Lager gefunden?

[Naposim]

Hast dich verschrieben:gibt keine mehr!
Das meinst:kauft keiner mehr

[wallstone]

ich bin gerade in spanien ich kann ja mal fragen ob hier jemand bill kennt

[Naposim]

[Naposim]

Den kennt dort keiner mehr!
Der ist doch seit Monaten
mit dem filing beschäftigt!

[gauner1]

[Naposim]

Jetzt ist der Slay schon Millionär,doch seine Millionen die kauft keiner mehr!

[gauner1]

wenn der keine spanier ist, wieso sagt er seit 2 monaten nur " manjana " ?

zumindestens muß er dort urlaub gemacht haben, s etwa paar jahre

[gauner1]

bei 5000 st. auf ask zu 0,0034 geht das bid auf 0,0033 runter

[gauner1]

anscheind beim verkauf von 100k geht der kurs auf 0,00

[gauner1]

toll


bid 0,0031
ask 0,0032

nach verkauf von insgesamt 10k

und bei 60k ask 0,0031 und bid 0,003

ich sehe keine 5000%, sondern 100% verlust bei weitere 100k verkauf

[gauner1]

einige fangen an, sich zu retten

kurs 0,003

[gauner1]

der heutige verlauf und das leere orderbuch auf der bidseite zeigt den totalen vertrauensverlust.

[SlayGrosswildjaeger]

[posting]17.732.374 von Naposim am 30.08.05 20:28:02[/posting]genau so wars hast die meldung auch gelesen?

[SlayGrosswildjaeger]

[posting]17.732.438 von Naposim am 30.08.05 20:35:37[/posting]ich kauf dir alle ab wieviele hast du - keine? was machst du dann hier?

[SlayGrosswildjaeger]

[posting]17.732.765 von gauner1 am 30.08.05 21:11:50[/posting]cool dann kann ich nochmal günstig nachlegen! wenn nicht auch egal! dann hab ich genug für die fahrt nach oben! egal wie ich bleibe jedenfalls ! ihr besserwisser!

[SlayGrosswildjaeger]

[posting]17.732.880 von gauner1 am 30.08.05 21:23:46[/posting]rette du dich erstmal!

[SlayGrosswildjaeger]

[posting]17.733.402 von gauner1 am 30.08.05 22:03:24[/posting]Alter, wenn ich sooooo ungeduldig wie Du an der Börse agieren würde hätte ich glaube ich noch nie Gewinne gemacht!

[SlayGrosswildjaeger]

[posting]17.733.402 von gauner1 am 30.08.05 22:03:24[/posting]..hast Du schon mal an der Börse Gewinne gemacht?

[SlayGrosswildjaeger]

INVICTA WIRD UNS NOCH ALLE BEGEISTERN!

[SlayGrosswildjaeger]

Der fühe Vogel fängt den Wurm!! Hier sind wir mal ganz früh dabei!!

[SlayGrosswildjaeger]

und eine Super-Börsenregel, die auch ins alltägliche Leben passt: IN DER RUHE LIEGT DIE KRAFT!!

[SlayGrosswildjaeger]

...ich persönlich bin mehr als übrezeugt von INVICTA GROUP!!!

[SlayGrosswildjaeger]

http://www.invictatravelgroup.com


Retail Websites:

http://www.travelhotlink.com
http://www.dontpayfullfare.com
http://www.isiptelecom.com
http://www.airplan.com
http://www.cruiseexcitement.com
http://www.lasvegasexcitement.com
http://www.casinoratedplayers.com

schaut doch mal in die Seiten rein! Also Alter Schwede, da geht doch was, würd ich mal behaupten in meinem jugendlichen Leichtsinn!
Naja, mittlerweile bin ich auch schon 30 J.!

Klickt Euch doch mal durch! Und dann entscheidet selber!

[SlayGrosswildjaeger]

ich denke: der Laden ist mindestens 5 Millionen Wert, wenn nicht gar 10 Millionen oder sogar noch mehr! Aber wollen wir mal nicht übertreiben!
Online Reisehandel, Online Casino, ...

[SlayGrosswildjaeger]

Invicta Technology, our Internet sites, offer the flexibility and easy access of our state-of-the-art technology to enhance and enable your Internet web business and distribution system. Our experts will work with you to create the perfect Internet site to represent your business and allow you access to our Travel database at reasonable prices.


Invicta Group acquired the ontheflysearch™ booking engine from our technology partner Innovapp. Ontheflysearch™ enables comprehensive database searches from published and non-published international air fares, providing our customers access to the lowest fares, while maximizing our margins.


Please contact David Scott, C.O.O. Invicta Group and President of Invicta Technology, with any inquiries. We can be reached via phone at 305-206-3335 or email [e-mail]. We look forward to working with you.

[SlayGrosswildjaeger]

Our primary mission, simply stated, is the delivery of “Rated Players“ to casino resorts worldwide, using the Internet to offer a wide array of services, benefits and incentives to the “Rated Players“.

There are well over two-hundred casinos that target over 10 million “Rated Players“. The casinos earned revenues of $30 billion dollars in 2000 in the USA. alone. Casino Rated Players is building an infrastructure through acquisitions of casino independent junket representatives to deliver “Rated Players“ worldwide.

Our site will provide the paramount in gaming content including links to casino partners, travel tour operators, weather services, calendar of tournaments and events, gaming and travel destination books, convention and visitor bureaus, entertainment calendar (shows), sight-seeing tours, golf courses and golf tee times. Plus we`ll offer First & Business Class air transportation at a savings of 40% or more to over 400 cities worldwide.

Casino Rated Players will target market to “Rated Players“ through direct mail, e-mail, Internet banner advertising, broadcast media and the Sunday Newspaper`s travel section. Powerful branding of Casino Rated Players will attract players to the site and ultimately deliver referral revenues to casino partners and the company. Our web site will offer tournaments: gaming, golfing, fishing and proprietary events thereby motivating players to travel sooner and more often.

[SlayGrosswildjaeger]

Click Ads Here








We are a travel e-commerce business, and intend to become one of the premiere travel Supersites, or vertical travel portal. Our Company`s goal is to become the most complete and comprehensive source of travel information, products and services available on the Web.

By offering a vast array of travel features, DontPayFullFare.com will appeal to all segments of the travel market and will ultimately become the online travel "Category Killer."

Please explore the site to see how we can save you money on all your travel needs. Visit us frequently as we continue expanding our offerings to find you all the best deals in worldwide travel.

[SlayGrosswildjaeger]

Travel Hotlink
The Destination Supersite

www.travelhotlink.com

Travel Hotlink is a new, vibrant, totally interactive, real-time way for travel service providers to reach our 40 million opt-in subscribers.



TravelHotlink.com is a comprehensive source of travel information, products and services that provides our subscribers through the Travel Hotlink Bulletin with the Hot Deals and Specialist Category Listings. The user-friendly information is easy to search, evaluate, buy, sell and confirm travel services.

Dont pay full fare

www.dontpayfullfare.com is a consumer site that offers traditional travel products: air tickets, car rentals, hotels, and travel insurance; vacations and cruise reservations will be available in the near future.

Las Vegas Excitement
Las Vegas Excitement Inc. offers a B-2-C website that focuses on Las Vegas products: air tickets, hotel rooms, tours, show tickets, golf tee times, car rentals, limousine, and travel packages that includes discounted air and hotel and transfers. Additional casino sites will also be offered: Biloxi/Gulfport, Tunica, Atlantic City, Bahamas, etc. on www.lasvegasexcitement.com

Casino Rated Players
Casino Rated Players’ primary mission is the delivery of “Rated Players“ to casino resorts worldwide, using the Internet to offer a wide array of services, benefits, and incentives to the “Rated Players“. Our site www.casinoratedplayers.com will provide the paramount in gaming content including links to casino partners, Casino Directory of 30 Casinos offering comp room for Players, Qualifications needed to Qualify for a comp room at respective casino, calendar of tournaments, shows/entertainment, golf tee time confirmations, and ultimately travel related services.

Isip Telecom Inc.
ISIP Telecom is a VoIP telecom company that provides users the ability to make telephone calls worldwide via the Internet (voice over Internet protocol) with clear reception at very low rates. ISIP will soon be offering its services to the travel industry focusing on Invicta’s travel agent customers, and has already entered into interconnection agreements with major operators in the U.S., Europe, & Latin America.

AirPlan Inc.
AirPlan Inc. is an air consolidator company that offers published and non published airline tickets to travel agents, over 6,500 agents are enrolled in Airplan’s database via email addresses. Airplan is adding new destinations and will have all international markets of travel available throughout the world to its customers in the near future.

Caribbean Excitement Inc.
Caribbean Excitement Inc. is a tour operator that offers travel packages to six islands in the Caribbean; reservations can be made on the phone, and the internet: www.caribbeanexcitement.com 24/7. The travel packages will include airport to hotel transfers, air transportation, and rooms for a 2 nights or longer vacation. Invicta will expand the Caribbean choice of islands via internal growth or acquisitions.

Invicta Technology Group
Invicta Technology, our Internet sites, offers the flexibility and easy access of our state-of-the-art technology to enhance and enable your Internet web business and distribution system. Our experts will work with you to create the perfect Internet presence to represent your business and allow you access to our Travel database at reasonable prices.

[SlayGrosswildjaeger]

COMPANY INFORMATION:
Invicta’s current business is conducted through the distribution and sale of travel products, including scheduled and discount air, auto rental, hotels, cruises, tours, and special events to the business and leisure travel via www.travelhotlink.com.

Invicta has several Subsidiaries that cross-market services and products, enhancing revenues, and management uses synergy of operational expenses in an effort to maximum profits.

Our subsidiary company, Casino Rated Players, brings “Rated Players” to casino resorts worldwide, using the Internet to offer a wide array of services, benefits and incentives like free Casino Resort rooms and tickets to Special Events worldwide. Additionally, “Rated Players” has access to our professional travel services and products via our website www.casinoratedplayers.com

Airplan Inc. is our air consolidator subsidiary, Established in 1989, Airplan is a leading international Airline Ticket Consolidator serving: Europe, Asia, The Middle East, South America, Africa and Australasian areas. Revenues in 2003 exceeded $7 million. Airplan has over 6,500 customers (travel agents) that buy airline tickets online 24/7 via a B-2-B secured website. Invicta acquired the company February 18, 2004.

Las Vegas Excitement Inc. Invicta opened its Las Vegas Tour Operator office May 1, 2004. The subsidiaries name is Las Vegas Excitement Inc., and it will live up to the name by offering the consumer an exciting website that has travel products for Las Vegas tourist, Conventioneers, and locals: discounted hotel rooms, sightseeing tours, online reservations for Shows and golf tee times, car rentals, limos, free rooms for qualified Players, and exciting wedding reservations.
www.lasvegasexcitement.com is available 24/7 offering online generating domestic and foreign customers.

ISIP Telecom Inc. January 9, 2004 IVGA acquired ISIP Telecom Group Inc. a VOIP (voice over internet protocol), ISIP (www.isiptelecom.com), provides users the ability to make telephone calls worldwide via the Internet (voice over Internet protocol) with clear reception at very low rates. ISIP will soon be offering its services to the travel industry, and has already entered into interconnection agreements with major operators in the U.S., Europe, & Latin America via VoIP & PSTN for traffic termination and origination. Primary focus initially is in the South and Central American markets.

Caribbean Excitement Inc. June 14, 2004 Invicta announced the acquisition of Caribbean Travel Specialists (CTS). CTS offers travel packages to travel agents and consumers to 6 Caribbean Islands, Jamaica is the most popular island. The acquisition has North America air contracts to the islands, hotel contracts, relationships with tourist boards; and trailing revenues of $2 million. Invicta has changed the name to Caribbean Excitement Inc. and will soon have a new website: www.caribbeanexcitement.com


Don’t Pay Full Fare is our B-2-C website that offers travel online 24/7. The products currently offered are airline tickets, car rentals, hotel accommodations, travel insurance and links to our subsidiary services in Las Vegas, the Caribbean and free rooms to Players; cruises and vacation packages will be added in the future: www.dontpayfullfare.com
Invicta Group is a Travel-Technology-Entertainment company-servicing customers in various markets and geographic locations. We invite you to work with us and experience the difference.
Thank you for visiting our site and learning about our business.
Public information can be found by visiting the SEC website available below:


Click to get the latest information on our filings with the SEC

[SlayGrosswildjaeger]

SEC FILINGS:


INVICTA GROUP INC (0001212570)
SIC: 4700 - Transportation Services
State location: FL

Business Address
9553 HARDING AVE
SUITE 301
MIAMI BEACH FL 33154
3058666525
Mailing Address
9553 HARDING AVE
SUITE 301
MIAMI BEACH FL 33154


Key to Descriptions
[Paper] Paper filings are available by film number from the SEC Public Reference Room.
[Cover] Filing contains an SEC-released cover letter or correspondence.

To limit filing results, enter
form type or date (as 2002/05/23).

Form Type
Prior to
Ownership?IncludeExcludeOnly



Items 1 - 67
Form Formats Description Filing Date File Number
NT 10-Q [html][text] 28 KB Notification of inability to timely file Form 10-Q or 10-QSB 2005-05-16 333-102555
8-K [html][text] 160 KB Current report, items 1.01 and 9.01 2005-04-21 333-102555
S-8 [html][text] 127 KB Securities to be offered to employees in employee benefit plans 2005-04-08 333-123955
NT 10-K [html][text] 31 KB Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 2005-03-30 333-102555
DEF 14C [html][text] 96 KB Other definitive information statements 2005-03-11 333-102555
S-8 [html][text] 118 KB Securities to be offered to employees in employee benefit plans 2005-03-04 333-123153
PRE 14C [html][text] 95 KB Other preliminary information statements 2005-02-17 333-102555
8-K [html][text] 3 KB Current report, items 5.02 and 9.01 2005-01-18 333-102555
S-8 [html][text] 31 KB Securities to be offered to employees in employee benefit plans 2005-01-11 333-121950
10QSB [html][text] 64 KB Optional form for quarterly and transition reports of small business issuers 2004-11-17 333-102555
NT 10-Q [html][text] 9 KB Notification of inability to timely file Form 10-Q or 10-QSB 2004-11-15 333-102555
SB-2/A [html][text] 293 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2004-11-04 333-117585
10QSB/A [html][text] 64 KB [Amend]Optional form for quarterly and transition reports of small business issuers 2004-11-03 333-102555
10QSB/A [html][text] 57 KB [Amend]Optional form for quarterly and transition reports of small business issuers 2004-11-03 333-102555
S-8 [html][text] 32 KB Securities to be offered to employees in employee benefit plans 2004-10-26 333-119972
SB-2/A [html][text] 293 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2004-10-21 333-117585
8-K [html][text] 4 KB Current report, item 4.02 2004-10-14 333-102555
8-K [html][text] 4 KB Current report, item 4.02 2004-10-14 333-102555
SB-2/A [html][text] 275 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2004-08-30 333-117585
10QSB/A [html][text] 60 KB [Amend]Optional form for quarterly and transition reports of small business issuers 2004-08-26 333-102555
8-K/A [html][text] 4 KB [Amend]Current report, items 2.01 and 9.01 2004-08-24 333-102555
10QSB [html][text] 47 KB Optional form for quarterly and transition reports of small business issuers 2004-08-24 333-102555
NT 10-Q [html][text] 9 KB Notification of inability to timely file Form 10-Q or 10-QSB 2004-08-13 333-102555
NT 10-Q [html][text] 9 KB Notification of inability to timely file Form 10-Q or 10-QSB 2004-08-13 333-102555
SB-2 [html][text] 324 KB Optional form for registration of securities to be sold to the public by small business issuers 2004-07-22 333-117585
RW [html][text] 2 KB Registration Withdrawal Request 2004-07-21 333-115907
8-K [html][text] 70 KB Current report, items 2 and 7 2004-06-30 333-102555
10QSB/A [html][text] 56 KB [Amend]Optional form for quarterly and transition reports of small business issuers 2004-06-17 333-102555
S-8 [html][text] 32 KB Securities to be offered to employees in employee benefit plans 2004-06-08 333-116288
SB-2 [html][text] 459 KB Optional form for registration of securities to be sold to the public by small business issuers 2004-05-26 333-115907
10QSB [html][text] 57 KB Optional form for quarterly and transition reports of small business issuers 2004-05-17 333-102555
8-K/A [html][text] 28 KB [Amend]Current report, items 2 and 7 2004-05-13 333-102555
8-K/A [html][text] 6 KB [Amend]Current report, items 4 and 7 2004-05-11 333-102555
8-K/A [html][text] 5 KB [Amend]Current report, items 4 and 7 2004-04-29 333-102555
8-K/A [html][text] 28 KB [Amend]Current report, items 2 and 7 2004-04-29 333-102555
10KSB [html][text] 138 KB Optional form for annual and transition reports of small business issuers [Section 13 or 15(d), not S-B Item 405] 2004-04-19 333-102555
8-K [html][text] 3 KB Current report, items 5 and 7 2004-03-26 333-102555
8-K [html][text] 4 KB Current report, items 4 and 7 2004-03-26 333-102555
NT 10-K [html][text] 7 KB Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 2004-03-26 333-102555
8-K [html][text] 51 KB Current report, items 2 and 7 2004-03-11 333-102555
4 [html][text] 4 KB Statement of changes in beneficial ownership of securities 2004-02-24
POS AM [html][text] 178 KB Post-Effective amendments for registration statement 2004-02-04 333-102555
POS AM [html][text] 177 KB Post-Effective amendments for registration statement 2004-02-03 333-102555
POS AM [html][text] 177 KB Post-Effective amendments for registration statement 2004-01-28 333-102555
4 [html][text] 6 KB Statement of changes in beneficial ownership of securities 2004-01-21
5 [html][text] 6 KB Annual statement of changes in beneficial ownership of securities 2004-01-21
3 [html][text] 3 KB Initial statement of beneficial ownership of securities 2004-01-21
4 [html][text] 6 KB Statement of changes in beneficial ownership of securities 2004-01-21
5 [html][text] 6 KB Annual statement of changes in beneficial ownership of securities 2004-01-21
3/A [html][text] 3 KB [Amend]Initial statement of beneficial ownership of securities 2004-01-21
3 [html][text] 3 KB Initial statement of beneficial ownership of securities 2004-01-21
POS AM [html][text] 177 KB Post-Effective amendments for registration statement 2004-01-20 333-102555
8-K [html][text] 33 KB Current report, items 5 and 7 2004-01-16 333-102555
SB-2 [html][text] 172 KB Optional form for registration of securities to be sold to the public by small business issuers 2003-12-16 333-111241
S-8 [html][text] 31 KB Securities to be offered to employees in employee benefit plans 2003-12-16 333-111233
S-8 [html][text] 31 KB Securities to be offered to employees in employee benefit plans 2003-12-16 333-111232
10QSB/A [html][text] 41 KB [Amend]Optional form for quarterly and transition reports of small business issuers 2003-12-02 333-102555
10QSB [html][text] 39 KB Optional form for quarterly and transition reports of small business issuers 2003-11-10 333-102555
REGDEX [html][text] 1 KB [Paper]Registration of sale of securities [Regulation D and Section 4(6) of the Securities Act of 1933], item 04
Film# = 03031431 2003-09-15 021-58635
424B1 [html][text] 145 KB Prospectus [Rule 424(b)(1)] 2003-09-05 333-102555
SB-2/A [html][text] 165 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-08-15 333-102555
SB-2/A [html][text] 162 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-08-12 333-102555
SB-2/A [html][text] 162 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-08-11 333-102555
SB-2/A [html][text] 159 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-07-15 333-102555
SB-2/A [html][text] 152 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-06-11 333-102555
SB-2/A [html][text] 157 KB [Amend]Optional form for registration of securities to be sold to the public by small business issuers 2003-04-08 333-102555
SB-2 [html][text] 374 KB Optional form for registration of securities to be sold to the public by small business issuers 2003-01-16 333-102555

[SlayGrosswildjaeger]

Invicta Contacts View More Contacts>>
William Forhan, Email -
Contact Tel No.
[phone]
Alt Tel No.
[phone]
C.E.O. Invicta Group Inc.

email: mailto:[e-mail]
Bill has twenty-five years experience as the Chief Executive Officer for both public and private companies, operating with annual business plans, and completing over forty mergers and acquisitions. As the past Chairman, CEO of Integrated Marketing Professionals, Inc. an OTC BB company (POKR), and Aviation Industries, an OTC BB Company (AVIA). Bill offers years of experience in the public arena.

William Forhan founded Integrated Marketing Professionals, Inc. (IMPI) in 1994, taking the company public in 1996; then became Chairman of Aviation Industries in August of 1998, and acquired seven travel related companies throughout 1999. In November 1999, William Forhan orchestrated the sale of Integrated Marketing professionals, Inc. and Aviation Industries to a start-up Internet provider of leisure travel to the public, called ByeByeNow.Com. William Forhan became President of ByeByeNow.Com in June 1999 and acquired three of the industries travel franchisers; representing 349 travel agency locations, in North America including $500 million franchise revenues.


David Scott,

Email - mailto:[e-mail]
Contact Tel No.
[phone]
Alt Tel No.
1-877-888-8019
C.O.O. Invicta Group Inc.
David has established several leading companies in the USA and Europe, including Vocational travel training schools, Travel agencies and Tour wholesalers, Charter airlines, and Airline consolidator operations. He has a number off Worldwide Industry contacts He is the founder and COO of Invicta Group Inc. David has become a leader and innovator in the field, with more than 25 years in the travel industry.

Most recently, David founded, grew and sold an Internet travel company. Throughout his tenure in the Travel business, Mr. Scott has developed dozens of lasting business relationships over the years, and around the world.


Mercedes Henze,

Email - mailto:[e-mail]
Contact Tel No.
1-877-888-8019
Alt Tel No.
[phone]
Executive V.P., Invicta Group Inc.
Mercedes has been in the travel industry for over 24 years, both in the USA and Brazil. She was instrumental in building a Company to become one of the leading air consolidators in the States, with revenues of $40 million plus. She was also a founder of Invicta Group and another Internet travel Company which was sold to a publicly traded company.

Mercedes is well versed and an experienced leader in business management and operations. Ms. Henze consulted in the development of a software program to implement quality controls for all aspects of the company operations. Ms. Henze holds a bachelors degree in Social Sciences & Law from the University of Argentina in Buenos Aires. She also has an associate degree as an Urban Planner in Argentina. Mercedes is fluent in English, Spanish and Portuguese, with some German, Italian and French. She has excellent interpersonal skills. Mercedes has also been an active participant in various Associations of Internet Professionals. She is a past participant of Women in Business Committee for the Greater Miami Chamber of Commerce.



Joe Fahoome, Email -
Contact Tel No.
954-784-8280

President Casino Rated Players
President Casino Rated Players, 25 years experience in the Casino Industry.

Daniel Miroli, Email -
Contact Tel No.
305-866-6525

President ISIP Telecom
President ISIP Telecom Inc., 25 years in the telecommunications industry.

Marilyn Stewart, Email -
Contact Tel No.
[phone]

LAS Excitement Manager
LAS Excitement Manager, 23 years in the travel industry.

[SlayGrosswildjaeger]

[posting]17.732.473 von wallstone am 30.08.05 20:40:25[/posting]Kannte ihn leider nur unter Mr. William Forhan bisher! Schon arg lächerlich oder? Aber wer zuletzt lacht lacht am besten!

[SlayGrosswildjaeger]

[posting]17.732.490 von Naposim am 30.08.05 20:42:10[/posting]Du kleiner Lachsack! Napolitaner-Simulation, Du!

[SlayGrosswildjaeger]

Boden bei 0,0030 USD hat weiterhin super gehalten!! Rakete kann nun endlich zünden!! Filings stehen vor der Tür!

[SlayGrosswildjaeger]

Welcome to the Invicta Group Investor Website a technology driven group of Companies servicing the Travel and Entertainment industries.

We invite you to visit our site and learn more about our Companies and Services. Please take a moment to register to access and download our investor information. Feel free to contact us with any questions regarding any of our Companies and investment opportunities. The above companies are all part of The Invicta Group

Invicta, through its companies, provides innovative technology driven solutions to Travel and Entertainment companies. These web enabled search engines and call center based services enhance the online and offline Travel and Entertainment fulfillment experience for all our customers. Our reach includes both B-2-B and B-2-C activities. Our objective is to give our customers competitive pricing for all travel products: air, hotel, car rentals, cruises, and vacation packages. We license our technology to other companies in the travel industry.

Invicta Group Mission Statement
Our mission is to structure, form, and develop a technology based company that will serve the Travel and Entertainment industries. We will leverage both content and technology, through acquisitions, partnerships and operational experience to provide state of the art booking technology and travel products at discounted rates. The company will be in the forefront of market demands in order to grow and continue to serve our customers.

View Invicta`s Profile on Yahoo Finance
http://finance.yahoo.com/q?s=ivga.ob

[SlayGrosswildjaeger]

Invicta Group Inc. Technology Upgrade
1/12/2005...
Invicta Group``s Subsidiary, Airplan Inc. Sales Increase 42.69% Year 2004
1/10/2005...
Invicta Group``s Subsidiary, ISIP Telecom Inc. VoIP Subsidiary Develops Wholesale Operations
12/16/2004...
Invicta Group``s Subsidiary, Airplan Inc Sales Increase 11.9% November
12/8/2004...
Invicta Group Inc. Acquires 200 Million Email Database
12/1/2004...

[SlayGrosswildjaeger]

es gibt natürlich auch ältere Infos!

Invicta Group Inc. 3rd Quarter Results
11/18/2004...
Invicta Group Inc. Announces Roll out of New Travel Site
11/15/2004...
Invicta Group``s Subsidiary, Airplan Inc October Sales Increase 19%
11/4/2004...
Invicta Group Inc Revenue Recognition Change
10/15/2004...
Invicta Group Inc``s Cruise Excitement Inc. Teams up with Norwegian Cruise Lines
9/27/2004...

[SlayGrosswildjaeger]

Wo sind die Gauner und die Neapolitaner-Simulationen jetzt?

[SlayGrosswildjaeger]

...wollte doch noch ein bischen über INVICTA GROUP mit ihnen diskutieren!!

[SlayGrosswildjaeger]

So, auf Platz 25 habe ich uns wieder geholt mit Invicta auf den wo-Charts!

[SlayGrosswildjaeger]

Wollte eigentlich unter die Top 10 mal kommen, dass der Bekanntheitsgrad von Invicta mal ein bischen steigt! Mit filings wären wir schon auf den Top 5 bestimmt!

[SlayGrosswildjaeger]

...naja, aber ich habe Zeit! Kann noch ein bischen auf die filings warten! Kommen bestimmt noch!

[SlayGrosswildjaeger]

...bin zumindest guter Hoffnung!

[SlayGrosswildjaeger]

der Intraday war zwar heute nicht berauschend...

[SlayGrosswildjaeger]

...aber dafür ist der Aufwärtstrend intakt - und der Boden der bei 0,0030 ausgebildet wurde, hat bravorös gehalten!

[SlayGrosswildjaeger]

Einsteigen, Türen schliessen, anschnallen!! Die Rakete hebt meiner Meinung nach bald ab!

[SlayGrosswildjaeger]

...dies alles stellt wie immer keine Kaufs- oder Verkaufsempfehlung dar, sondern wie immer nur meine persönliche Meinung!
Aber die ist: STRONGEST BUY!!!!!!!!!

[SlayGrosswildjaeger]

...aber jeder hier ist gross genug und vor allem erwachsen um sich wohl selber ein bild über invicta zu machen, und nicht auf basher-parolen hereinfliegen!
lg SLAY

[Michael@]

SlayGrosswildjaeger

weiter so... finde ich echt gut... kann nicht schaden den schlafmützen mal den weg zu zeigen...

also ich bin für mich gut investiert und das bleibt auch so bis die rakete startet... vor 0,065 gebe ich keine mehr her....

grüße mitch

[Naposim]

Gute Nacht Slay und träum schön................................................................................................................................................................................................................................weiter!

[SlayGrosswildjaeger]

[posting]17.734.551 von Michael@ am 31.08.05 00:04:45[/posting] Ich geb auch keine einzige vor 0,065 her!!

[SlayGrosswildjaeger]

[posting]17.734.715 von Naposim am 31.08.05 00:34:52[/posting]Wer ist hier der Träumer!?

[SlayGrosswildjaeger]

das ist die Empfehlung von Small Cap Research!

small cap Research sieht 1000 % Kurschance bei Invicta Travel Group

29.07.2005 (11:36)

Invicta Group ist eine schnell wachsende Internet Holding mit dem Schwerpunkt im Bereich Reisen und Unterhaltung. Strategie der Gesellschaft ist verschiedene Portale mit der eigens entwickelten Technologie zu betrieben. Dabei spielt der Bereich Vermarktung von Reisen die wichtigste Rolle.

Invicta Group hat in den letzten Jahren verstärkt Gesellschaften Übernommen. Dies wurde zum größten Teil über Aktientauschprogramme finanziert. Zudem bedient man verschiedene Märkte über verschiedene Labels bzw. Tochtergesellschaften. Zum einen ist der B2B Markt ein wichtiges Standbein. Hier nutzen über 6500 Reisebüros des Invicta Portal http://www.airplan.com/.

Im Jahre 2004 wurden für ca. 10 Mio. USD Reisen über das Portal bestellt, Im Bereich Retail-Geschäft ist man mit den Portalen http://www.dontpayfullfare.com/ und http://www.travelhotlink.com/ am Markt aktiv.

Durch die Herabstufung zum Pink Sheet Markt ergibt sich eine einmalige Kaufgelegenheit. Da sich gerade in den letzten Monaten das Sentiment für Internet Gesellschaften drastisch verbessert hat, rechnen wir fest damit, dass die Gesellschaft weitere Finanzmittel erhalten wird und die operative Gewinnschwelle ende des laufenden Jahres erreicht wird.
Als Bewertung halten wir ein Vielfaches des aktuellen Aktienkurses für gerechtfertigt und raten bei Kursen von 0,004 USD zum Kauf. Kursziel : 0,10 USD auf Sicht von 12 Monaten. (IVGA.PK-ISIN: US4618381044)

[Doomerator]

hey leute habe ich vorhin erhalten:

-----Original Message-----
From: xxx [mailto:[e-mail]]
Sent: Thursday, September 01, 2005 11:27 AM
To: Bill Forhan
Subject: Re: ivga shareholder
Hi Bill,

you didn`t answer my last 2 emails???
do you have any problems because of the hurrican???
[Bill Forhan]
Hurricane hd us closed 5 days...everything OK

can you tell me an exact date for filing???
it sounds very strange to read: another week before 10k filed
[Bill Forhan] Soon..Auditors on last review ...2-5 days

i expect that you will file the 10Q`s very fast after the 10K...
is that right???
[Bill Forhan] 5 days per Q...OTCBB trading by 10/1/05



some german shareholders are disappointed because of the long time for filing,
can you tell me the reason???
[Bill Forhan] Bad Auditors...we must finish with this group...we`ll hav e new auditors in 30 days.

and can you tell me something about the outstanding shares???
[Bill Forhan] 225M issued....1Billion authorized
more or less than 200mio???

im looking forward...
regards
xxx
[Bill Forhan] Bill

[SlayGrosswildjaeger]

[posting]17.759.372 von Doomerator am 01.09.05 18:51:47[/posting]Coole Sache! Hab ich gestern schon mal gelesen! Macht Hoffnung!

[SlayGrosswildjaeger]

Ich denke wir stehen kurz vor dem nächsten Hype! Nur meine Meinung, wie immer!

[SlayGrosswildjaeger]

Hier nochmal mit Volumen unterlegt!

[SlayGrosswildjaeger]

Ich denke da kommt was ganz grosses auf uns zu!

[db06]

Hallo Slay,
kannst Du einem Laien mal eine Analyse zu Deinen Charts geben?
So ohne habe ich keine rechte Vorstellung.

[smutje2]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[smutje2]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Doomerator]

@smutje2:
ein neuer samariter und weltversteher ist geboren

ach nein folgende aussage zeigt mir dass du eher weltfremd bist...
doomerator: do you have any problems because of the hurrican???
smutje: schon diese Vorgabe ist Filmreif

falls du schonmal was von nachrichten gehört hast, solltest du wissen was da unten im hurricangebiet los ist, aber nein du versuchst hier alles ins lächerliche zu ziehen, du weißt schon was chaos und bürgerkriegsähnliche zustände bedeuten???


und deine genialen auflistungen von den "professionals"
14mio zu 0,001 = 14000$
3,5mio zu 0,001 = 3500$ wow sie haben 17,5mio shares...

und dann haben wir die "nonprofessional" volumen:
ca 110mio shares gehandelt, alles "nonprofessionals"
und alles zu 0,003/0,004 und unter großem volumen...
quasi die hälfte aller outstanding shares, mensch sind wir investierten alle blöd

wow die professionals haben wohl ihre shares versechsfacht und an die nonprofessionals verteilt

um mit deinen worten zu sprechen, einfach filmreif deine verschwörungstheorien...

Benutzername: smutje2
Registriert seit: 02.04.2005 [ seit 154 Tagen ]
Benutzer ist momentan: Offline (Letzter Login: 03.09.2005 01:09:38)
Erstellte Themen: 0
Erstellte Antworten: 31 [ Durchschnittlich 0,2007 Beiträge/Tag ]

und seine postings, er der ivga verteufelt:

Invicta Group- 5000 % Potential
INVICTA Group (IVGA) mit gigantischem Kurspotenzial mit Travel Portal
Der Knaller für die nächsten Wochen !!! IVGA
Invicta mit 5000% potential
INVICTA DIE NEUE RAKETE? ES GEHT BALD ZUR OTC!
->->MITTWOCHS-ZOCK<-<-
Done Project explodiert + 29%
Done Project - Angriff aus die alten Höchststände!?

thumbs up smu

[wallstone]

zu berücksichtigen ist immer dass man nur die hälfte zählen darf... also bei 10 mio aktien die gehandelt wurden sind das 5 mio die gekauft und 5 mio die verkauft wurden... da ja ein market maker system vorhanden ist....

[Doomerator]

[posting]17.778.227 von wallstone am 03.09.05 16:42:13[/posting]dann haben/hatten ja die "professionals" nur 8,75mio
geile geschichte...

[Doomerator]

[posting]17.778.227 von wallstone am 03.09.05 16:42:13[/posting]dann hatten/haben die "professionals" ja nur 8,75mio
geile geschichte...

[SlayGrosswildjaeger]

[posting]17.770.176 von db06 am 02.09.05 15:08:38[/posting]du bist kein laie!

[SlayGrosswildjaeger]

[posting]17.778.330 von Doomerator am 03.09.05 17:25:44[/posting]cool hier geht ja richtig was!

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Rakete auf Abschussbasis!

[SlayGrosswildjaeger]

Invicta Goooooooo! Invicta go,go,go!!

[SlayGrosswildjaeger]

TopStocks der letzten 24 Stunden
1. (1.) PLANET LINK COM... -13,04 % 342
2. (2.) ENERGULF RESOUR... 0,00 % 157
3. (7.) BARNABUS ENERGY... +8,18 % 66
4. (9.) BIOPHAN TECHNOL... -1,95 % 50
5. (25.) INVICTA GROUP I... +7,14 % 32

Wow, Invicta schon auf Platz 5 der WO-Charts!

[wallstone]

jetzt haben wir den ausbruch geschaft !!! es geht nun steil nach oben !!!

[Doomerator]

für alle wartenden:

nur mal ein gedankenanstoß, ivga hatte vor einiger zeit eine datenbank mit 100mio reisewilligen erworben, mal eine simple rechnung: 0,1% dieser leute buchen bei ivga für 100$, das macht schon 10mio$ umsatz...

[Doomerator]

hey leute das filing ist da

guckst du hier: http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fred…

[wallstone]

jetzt dürfte es aber aufwärts gehen... eine presslease sollte folgen dann gehts nach oben !

[Doomerator]

ne empfehlung ist rausgekommen

IVGA wurde anfang August in einer Analyse zum Kauf empfohlen. In den letzten Wochen ist der Kurs wieder etwas zurückgekommen und bietet auf dem jetzigen Niveau erneut eine interessante Einstiegs möglichkeit. Heute wurde nun das lang erwartete 10K Filing veröffentlicht zudem sollen die Quartalsberichte in Kürze folgen. Die Wiederaufnahme am OTC:BB und auch das Listing in Deutschalnd sollen ebenfalls in den nächsten Wochen erfolgen. Zudem wurdel eine Umstrukturierung bekannt gegeben . Die Gesellschaft plant den Spin Off zweier Geschäftsbereiche. Die Beteiligungsgesellschaften sollen zudem auch an der OTC:BB notiert werden.

Das Hauptgeschäft im Reise bereich soll dann in der 100% Tochter www.Travelhotlink.com und www.dontpayfullfare.com konzentriert werden.Hier besteht auch nach unserer Meinung das größte Potential.

Bei einem aktuellen Kurs von 0,002 USD wird die Gesellschaft mit gerade einmal ca. 440 TSD USD bewertet. Alleine die Beteiligungen an den Spin Offs dürfte mindestens das fünffache Wert sein. Wir raten auf dem jetzigen Niveau zum Kauf mit einem Kursziel von 0,01 bis Ende des Jahres.


Kürzel: IVGA.PK ( notiert nur in USA am Pinksheets)

http://www.small-cap-news.de/pnews/extern/newsdetail.php?new…

[SlayGrosswildjaeger]

[posting]18.262.409 von Doomerator am 13.10.05 17:01:55[/posting]

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW

--------------------------------------------------------------------------------



--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


--------------------------------------------------------------------------------



FORM 10-KSB


--------------------------------------------------------------------------------


x Annual report under Section 13 or 15(d) of the Securities Exchange Act of 1934


For the Fiscal Year Ended December 31, 2004.


o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934


For the Transition Period From _______ to _______.


Commission File Number: 333-102555


--------------------------------------------------------------------------------



INVICTA GROUP INC.
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)


--------------------------------------------------------------------------------



Nevada 91-2051923
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)

9553 Harding Avenue, Suite 301
Miami Beach, FL 33154
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

Registrant`s telephone number, including area code: [phone]



--------------------------------------------------------------------------------



Securities Registered Pursuant to Section 12(b) of the Act: Common Stock par value $.0001 per share


Securities Registered Pursuant to Section 12(g) of the Act: None


Check whether the issuer: (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 __ No _X_


Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is contained in this form, and no disclosure will be contained, to the best of registrant`s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. [ X ]


The issuer`s revenues for its most recent fiscal year were approximately $734,402.

The aggregate market value of the Common Stock held by non-affiliates of the Registrant, based upon the average of the closing bid and ask price of the Common Stock on the OTC Bulletin Board system on October 11, 2005 of $.0021, was proximately $498,895. Shares of Common Stock held by each officer and director and by each person who may be deemed to be an affiliate have been excluded.

The number of shares of common stock outstanding as of September 30, 2005 was 237,569,367.

[SlayGrosswildjaeger]

Part I.









Item 1. Business Page 4
Item 2. Properties Page 5
Item 3. Legal Proceedings Page 6
Item 4. Submission of Matters to a Vote of Security Holders Page 6

PART II

Page 6

Item 5. Market for Registrant’s Common Stock and Related Stockholder Matters Page 6
Item 6. Management`s Discussion and Analysis of Financial Condition and Results of Operations Page 7
Item 7. Financial Statements Page 10
Item 8. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Page 28
Item 8A. Controls and Procedures Page 28

PART III

Page 28

Item 9. Directors and Executive Officers of the Registrant Page 28
Item 10. Executive Compensation Page 30
Item 11. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Page 31
Item 12. Certain Relationships and Related Transactions Page 32
Item 13. Exhibits and Reports on Form 8-K Page 33
Item 14. Principal Accountant Fees and Services Page 34



2

[SlayGrosswildjaeger]

--------------------------------------------------------------------------------

Table of Contents

FORWARD - LOOKING STATEMENTS AND IMPORTANT
FACTORS AFFECTING FUTURE RESULTS

Our disclosure and analysis in this report contains some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. They use words such as “anticipate”, “believe”, “expect”, “estimate”, “project”, “intend”, “plan”, and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective products or product approvals, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results. From time to time, we also may provide oral or written forward-looking statements in other materials we release to the public.

Any or all of our forward-looking statements in this report and in any other public statements we make may turn out to be wrong. They can be affected by inaccurate assumptions we might make or by known or unknown risks or uncertainties. Many factors mentioned in the following discussion - for example, product development, competition, and the availability of funding - are important in determining future results. Consequently, no forward-looking statement can be guaranteed. Actual future results may vary materially.

We undertake no obligation to publicly update any forward-looking statements, whether as the result of new information, future events, or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our 10-QSB, 8-K, and 10-KSB reports to the SEC. Also note that we provide the following cautionary discussion of risks, uncertainties, and possibly inaccurate assumptions relevant to our business. These are factors that we think could cause our actual results to differ materially from expected and historical results. Other factors besides those listed here could also adversely affect us.


The information set forth in this Report on Form 10-KSB including, without limitation, that contained in Item 6, Management`s Discussion and Analysis and Plan of Operation, contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report.

[SlayGrosswildjaeger]

Table of Contents


PART I


Item 1. DESCRIPTION OF BUSINESS


Invicta Group began its business in July 2000 by offering airline tickets and other travel-related products and services over the telephone and has expended to offering them over the Internet. Invicta Group is a holding company that owns 6 subsidiary in the Travel, Entertainment and Telecom Industries.

IVGA has been unsuccessful generating profits from its subsidiaries in 2004, in spite of sales exceeding $10 million (revenues were $734,402). The company has been under capitalized from the day it became a public company. Marketing dollars were not available to brand the subsidiaries, margins were too low, and the high cost of staffing call centers, versus generating sales on the internet, resulted in operational losses exceeding $1.5 million for the calendar year 2004.

The stock price dropped from $.15 in January 2004 to less than 2/10 of a cent October 2005. The reasons for decreased value is the continued losses from operations, and the equity financing needed to resolve the under capitalized status of the company. The equity financing has supported the survival of IVGA, but the marketmakers and public continue to sell stock at the Bid price resulting in “death spiral” of IVGA stock. Management is forced to continue selling shares for cash proceeds, but is seeking a loan that will replace the equity funding. Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The company is seeking new equity funding and will begin marketing and generating revenues after funds have been received.

The future of IVGA needs to change. Management has downsized staffing and expensive employees inherited from acquisitions made in 2004, and has agreed to (1) change its business model from a call center reservation to virtual call center (eliminating office rent, phone cost, and staffing); and (2) more importantly starting a new subsidiary that sells advertising to travel suppliers online, generating revenues from advertising income on its website: www.travelhotlink.com

Travel Hot Link will offer discounted travel to its database of 40 million travel enthusiasts that are seeking travel bargains online. The traveler selects the travel supplier it desires by clicking on to its web address linking the traveler and supplier together to complete the purchase. Travel Hot Link does not get involved with the reservation; its revenues are generated from the Travel Supplier that advertises its travel products online.

IVGA has created the Travel Hot Link website and needs to hire staff to generate revenues. Funding again becomes the question and the problem.


Invicta has three opportunities to raise money: 1) Hire Consultants (out source) to manage the website and telemarket prospective Travel Suppliers (customers) using S-8 stock for currency; 2) Equity Funding via a SB-2 Registration for 300 million shares in an effort to raise $300,000 to $500,000; 3) Promissory Note using Preferred stock as collateral, size of note needed is $500,000.

Invicta is currently negotiating funding opportunities that will be used for the implementation of Travel Hot Link’s business plan.

Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The Company is seeking new equity funding and will begin marketing and generating revenues after funds have been received.


4

[SlayGrosswildjaeger]

Table of Contents

Travel Hot Link has competitors; Travel Zoo is best known for selling media online to travel suppliers. Travel Zoo is a public company that has over 300 clients that spent over $33 million in 2004, resulting in excess of $11 million pre tax income in 2004. TZOO market cap is currently over $500 million. The success of TZOO is encouraging to IVGA management, they believe there is a market for a new company to compete effectively as the marketplace grows and more travelers use the Internet to purchase travel.


Travel Hot Link will use a database of 40 million to compete with TZOO database of 8 million travel enthusiasts. Travel Hot Link will offer discounts to its initial potential customers and IVGA management will personally contact travel suppliers to enhance the success of Travel Hot Link and IVGA.


The new business model and new subsidiary offers IVGA the opportunity for survival and additional funding should provide the capital resource to generate a profit in 2006. Management believes a profitable company will increase stock value and assure survival.


Invicta plans to Spin -Off two subsidiaries and receive stock of the new companies; they will file Registrations to become public companies trading on the OTCBB exchange and sell their Securities in an effort to raise Equity funding and implement their respective business plans. Invicta will benefit with a stronger Balance Sheet of the stock of the subsidiaries they Spin Off (Casino Rated Players and ISIP Telecom Inc.)


Invicta will close two subsidiaries: Airplan Inc and Don’t Pay Full Fare, both companies are in the airline ticketing business, the small margins and expensive Branding cost prohibit profits; the energy will be focused on the two remaining subs.


Invicta will market two remaining subsidiaries via Travel Hot Link and print advertising: Cruise Excitement www.cruiseexcitement.com and Las Vegas Excitement www.lasvegasexcitement.com, if they are successful in raising equity funding for their marketing campaigns.




Item 2. DESCRIPTION OF PROPERTY


Travel Hot Link (THL) website www.travelhotlink.com offers travel suppliers the opportunity to sell perishable inventory at a discount to travelers that are seeking a travel deal. The website focuses on several products in the travel industry and breaks them into categories: Hotels , Car Rentals, Air Transportation, Cruises, Travel Holiday Packages and then offers specific locations of the product: Car Rentals…(N America, Europe, Asia, etc); Cruises…(Caribbean, Alaska, Hawaii etc.).


THL will also promote top 10 destinations on the Home Page each month, highlighting the suppliers, and receiving additional revenue for their strategic placement.

Travel Suppliers will pay Travel Hot Link to send Emails to Travel Enthusiasts; the viewer will link directly to interested supplier; and purchase from the supplier.



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Table of Contents

PRODUCTS AND SERVICES


Invicta will offer Cruise Vacations and Las Vegas Products, if they are successful in raising over $300,000 from the sale of its stock. The stock price will have to climb to over 5 cents/share in order for Invicta to raise additional equity funding; the initial $300,000 will be targeted for Travel Hot Link.


The services offered by the subsidiaries will be a call center to personally handle reservations and a website: www.cruiseexcitement.com; www.lasvegasexcitement.com. The websites will both offer air transportation, cabins/rooms, car rentals, and inclusive travel packages.

Item 3. Legal Proceedings.


"Invicta received on 1/15/05 a law suit from the owners of Jamaican Travel Services claiming a Breach of Purchase Agreement and cancellation of Employment Contract with Invicta. Invicta entered a Purchase Agreement with Jamaican Travel 6/12/04 and rescinded the Agreement due to lack of due diligence information on 8/22/04. Invicta answered plaintiff’s complaint by wholly denying plaintiff’s claims and alleging in a counterclaim that plaintiffs are indebted to Invicta in the amount of $25,000 for misappropriated funds and $16,000 airline tickets paid on behalf of the plaintiffs. The case has been assigned to non-binding judicial arbitration, expected in Oct/Nov 2005. As for the range of potential damages if plaintiff’s claims prevail is $92,000, less up to potential $25,000 misappropriation, plus attorney fees and costs. If Invicta prevails, it will recover its attorney’s fees and costs. "


Item 4. Submission of Matters to a Vote of Security Holders.

None.


Part II


Item 5. Market for Common Equity and Related Stockholder Matters


Market for the Shares:


Invicta Group`s common stock quoted on the OTC Bulletin Board under the trading symbol of "IVGA". Quotations began on October 26, 2003. The high and low bid quotations for Invicta between that date and the date hereof have been $.45 and $.0018 per share.

Invicta Group`s common stock is owned of record by approximately 1100 shareholders. Invicta Group management team has 3,882,636 Options, exercise price is $.25, expiring 1/6/2009. Invicta Group has 237,569,367 shares issued and outstanding. All shares are free trading except 30,495,312 owned by Invicta Group`s directors and officers.


Invicta Group has never paid cash dividends on its common stock. Invicta Group intends to keep future earnings, if any, to finance the expansion of its business, and it does not anticipate that any cash dividends will be paid in the foreseeable future. Invicta Group`s future payment of dividends will depend on its earnings, capital requirements, expansion plans, financial condition and other relevant factors. The board of directors has the sole authority to declare dividends.


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GENERAL


Invicta Group is authorized by its Articles of Incorporation to issue 1 Billion shares of common stock, par value $.0001 per share, and 50 million shares of preferred stock, par value $.0001per share.


COMMON STOCK

A total of 237,569,367 shares of common stock are issued and outstanding as of 10/3/2005; Invicta authorized is 1 Billion common shares. Each of the common shares has the following rights:


1. To receive its equal share of dividends when the board decides to declare them from Invicta Group`s funds which can be legally used to pay dividends;


2. To receive its equal share of assets in a liquidation, dissolution or winding up of Invicta Group`s affairs, after payment of all debts; and


3. To one vote on election of each director and each other matter submitted to a vote of stockholders. Stockholders do not have cumulative voting rights.

The common stock does not carry a pre-emptive right to purchase additional common stock in the event Invicta Group issues more common stock or the right to convert into any other type of security Invicta Group may issue in the future. Invicta Group is not required to and has not set up any fund to repurchase its common stock. The shares of common stock now outstanding are fully paid, duly authorized and are legal issued and are not assessable.

PREFERRED STOCK


The board of directors is authorized to determine, without stockholder approval, the designations, rights, preferences, powers and limitations of Invicta Group`s 50,000,000 shares of authorized preferred stock immediately prior to issuance of any preferred shares. Invicta Amended Par Value of Common and Preferred Shares to $.0001 January 20, 2005. Invicta Group has issued 175,000 preferred shares.


TRANSFER AGENT AND REGISTRAR


The transfer agent and registrar for Invicta Group`s common stock is Florida Atlantic Stock Transfer, 7130 Nob Hill Road, Tamarac, FL 33321.


Item 6. Management’s Discussion and Analysis or Plan of Operation.


Background


Invicta Group Inc. began its business operations in July 2001 with advertising of discount air travel tickets in newspapers in South Florida, which resulted in limited sales beginning in September of that year . See explanation below of accounting treatment of reverse acquisition, which reflects no sales in 2001 based on the results of operations of Casino Rated Players. Although it introduced its web site, www.dontpayfullfare.com in January 2002, ticket sales have remained confined primarily to the telephone from inception to the date hereof. In early 2002 Invicta Group initiated negotiations for the acquisition of its wholly owned subsidiary, Casino Rated Players, which was completed on July 15, 2002.

Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The Company is seeking new equity funding and will begin marketing and generating revenues after funds have been received."


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Acquisitions

Casino Rated Players began its operations in July 2000, with sales of airline tickets and tour packages. Casino Rated Players introduced its web site, www.casinoratedplayers.com , in March 2001 but did not generate any commission revenues from casinos during that year.


The acquisition of Casino Rated Players by Invicta Group, on 7/15/02 was treated as a purchase in a reverse acquisition in which the subsidiary, Casino Rated Players, is the survivor for accounting purposes, even though Invicta Group is the survivor for legal purposes. Invicta Group issued 13,151,000 of its shares in exchange for the issued and outstanding shares of Casino Rated Players held by that company`s stockholders and an additional one million shares to Mr. Forhan in payment of $500,000 in accrued and unpaid compensation due to him from that company; stock valued at $.50 per share. William Forhan joined the management of Invicta Group Inc. as President CEO July 15, 2002.

[SlayGrosswildjaeger]

ISIP Telecom Group .was acquired January 9, 2004 for 100,000 shares of restricted shares of Invicta valued at $.10/share. ISIP provides the ability to make telephone calls worldwide using the Internet, receiving clear reception at low rates. The platform is based on Cisco Powered network with a robust platform specifically designed to accommodate the delivery of IP-based communication services, includes long distance, IP phone and enhanced services. www.isiptelecom.com

[SlayGrosswildjaeger]

Airplan Inc was acquired February 18, 2004 for $500,000 in Invicta stock and acceptance of $440,000 debt; the shares issued were 1 million. If the value of the stock is not $500,000 by February 18, 2005 (initial date was 8/18/2004, revised on 9/2/2004 to 2/18/2005) Invicta will issue additional shares totaling $500,000; the number shares will be determined by the average stock price of IVGA February 7-18, 2005. Airplan’s President (seller) resigned from Airplan 12/1/04 and from IVGA Board Directors, causing unrepairable damage to Airplan. Latimer had a 5 year Employment Agreement that was assurance to Invicta that Airplan could once again become profitable. Airplan lost contracts with airlines that represented 35% of Airplan’s business within 1 week of Latimer’s departure. Latimer was the key to airline suppliers relationships, his departure began the decline in business that resulted in the closing of Airplan. Invicta management does intend to not pay any future stock to Latimer, due to his resignation 4 years before termination, and only 1 day advance notice.

[SlayGrosswildjaeger]

New Subsidiary Start Up

Las Vegas Excitement Inc (LASE) on March 15, 2004, Invicta Group Inc. announced the opening of its Las Vegas office. Invicta is setting up a inbound tour operation which will offer Las Vegas rooms, car rentals, air transportation, show tickets, limos, sightseeing tours and free rooms to casino qualified players; reservations can be made by phone or on the internet 24/7.The name of the subsidiary is “Las Vegas Excitement Inc.” and can be found online at www. lasvegasexcitement.com . LASE has terminated all staff at its Las Vegas call center and will remain closed until Invicta can raise marketing dollars via equity funding exceeding $300,000

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Table of Contents

Cruise Excitement (CEI) was started July 1, 2004 with offices in Miami Beach. Cruise Excitement is a Cruise only company and has a web site : www.cruiseexcitement.com specializing in cruise sales as a B-2-C company. It sells cruise cabins to individuals, groups and offers Poker Cruises for selected dates. CEI has not had advertising dollars to market cruises, and all employees have been terminated. CEI will begin marketing cruises and hiring of sales staff if Invicta raises more than $300,000 in equity funding.


The following discussion and analysis should be read in conjunction with Invicta Group`s consolidated financial statements included in this report.

[SlayGrosswildjaeger]

Results of Operations

Revenues


Revenues are net commission and fees, there is no cost of sale. Revenues for the year ended December 31, 2004 were $734,402 as compared to revenues of $7,805 for the year ended December 31, 2003. The revenues in both periods were derived principally from the commission and fees earned from the sale of airline tickets. The primary reason for the increase in 2004 over 2003 was the acquisition of Airplan Inc. and start up of two subsidiaries.

Revenues of Airplan are driven principally by marketing to their 6,500 travel agents with Fax and Email communication of international airline seats on sale. Airplan also markets print ads in travel trade publications’ generating new clients and revenues.

Expenses


The major components of general and administrative expenses for twelve months ended December 31, 2004 are Payroll $1,079,531; Marketing $577,386
($426,000 paid in stock); Professional fees $317,981. The total G&A expenses for the year were $2,771,400.


Net Losses

Net loss for the year ended December 31, 2004 was ($3,292,955); loss per share: ($0.055) compared to a net loss of ($905,402); loss per share ($0.028) for the year ended December 31, 2003.

Net Operating Loss was $2,126,037 for the year; The Company wrote off all Intangible Assets from the Balance Sheet, totaling $1,166,918.


Funding


Invicta raised $1,503,595 in 2004 from: $224,595 sale of stock options; $709,000 SB-2 Registration; and $550,000 pre paid debenture from Golden Gate Investors Inc.; and an additional $25,000 was raised with Investor Promissory Notes.

Liquidity

At of December 31, 2004 and 2003, Invicta Group`s current ratios were .116% and .013% respectively. Invicta Group has not generated sufficient revenue in any period to carry its costs of operations, realizing a positive cash flow of $110,859 for year-end 2004. Invicta Group has derived its liquidity principally from the sale of stock in 2004.

Capital Resources

Invicta needs additional capital invested in the company to assure survival; without new equity funding the company cannot survive. Invicta has negotiated a minimum of $300,000 funding from an Institutional Investor upon approval of a new SB-2 Registration of 300 million free trading shares as collateral. The funding could increase to $6 Million equity funding if the stock price exceeds $.03 per share. Invicta management believes THL will be profitable and will increase the value of its stock, increasing equity funding and the success of the company.

[SlayGrosswildjaeger]

Invicta Group, Inc. Financial Statements

TABLE OF CONTENTS

INDEPENDENT AUDITOR`S REPORT 11

CONSOLIDATED BALANCE SHEET 12

CONSOLIDATED STATEMENT OF OPERATIONS 13

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS` EQUITY 14

CONSOLIDATED STATEMENT OF CASH FLOWS 15

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 16-28




10
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Table of Contents

Item 7. Financial Statements.

Report of Independent Registered Public Accounting Firm


The Board of Directors and Shareholders of
Invicta Group Inc.


We have audited the accompanying consolidated balance sheets of Invicta Group Inc. and subsidiaries (a Nevada Corporation) as of December 31, 2004, and the related consolidated statements of operations, changes in stockholders` equity and cash flows for the year then ended. These financial statements are the responsibility of the Company`s management. Our responsibility is to express an opinion on these financial statements based on my audit. The financial statements of Invicta Group, Inc. and its subsidairies as of December 31, 2003, were audited by other auditors whose report dated April 13, 2004, on those statements included that an explanatory paragraph for a going concern.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Invicta Group Inc. and subsidiaries as of December 31, 2004 and the results of its operations and its cash flows for the year then ended 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 O to the financial statements, the Company incurred significant losses from operations, and because of these losses, the Company has a working capital deficiency, which raises substantial doubts about its ability to continue as a going concern. Management`s plans in regard to these matters are also described in Note L. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


/s/ Baum & Company, P.A.

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Coral Springs, Florida
September 27, 2005

[SlayGrosswildjaeger]

Independent Auditor`s Report


The Board of Directors and Shareholders of
Invicta Group Inc.

I have audited the accompanying consolidated balance sheets of Invicta Group Inc. and subsidiaries (a Nevada Corporation) as of December 31, 2003, and the related consolidated statements of operations, changes in stockholders` equity and cash flows for the year then ended. These financial statements are the responsibility of the Company`s management. MY responsibility is to express an opinion on these financial statements based on my audit. The financial statements of Invicta Group Inc. and subsidiaries as of December 31, 2002, were audited by other auditors whose report dated April 3, 2003, on those statements included an explanatory paragraph that described the significant losses and working capital deficiency discussed in Note L to the financial statements.

I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Invicta Group Inc. and subsidiaries as of December 31, 2003 and the results of its operations and its cash flows for the year then ended 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 L to the financial statements, the Company incurred significant losses from operations, and because of these losses, the Company has a working capital deficiency, which raises substantial doubts about its ability to continue as a going concern. Management`s plans in regard to these matters are also described in Note L. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


Larry Wolfe
Certified Public Accountant

Miami, Florida
April 13, 2004

[SlayGrosswildjaeger]

INVICTA GROUP INC.
CONSOLIDATED BALANCE SHEET
December 31, 2004 and 2003



ASSETS 2004 2003
Current assets:
Cash and cash equivalents $ 148,243 $ 1,759
Accounts receivable 16,157
Prepaid expenses 4,089
Total current assets 168,489 1,759

Property and equipment, net of accumulated depreciation
of $ 30,466 for 2004 and $ 22,966 for 2003 26,176 5,132
Other assets:
Intangible assets, net of accumulated
amortization of $ 8,250 for 2003 and $ 67,174 for 2003 71,750 95,125
Travel bond deposit 71,410
Security Deposits 3,000
Total other assets 146,160 95,125
Total Assets $ 340,825 $ 102,016


LIABILITIES AND SHAREHOLDERS` (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities $ 702,198 $ 43,689
Accrued expenses and other liabilities 445,150
Notes payable and convertible debentures 669,600 54,100
Capital lease obligations 80,999
Deferred officer compensation 554,187 668,250
Total current liabilities 2,452,134 766,039

Long-term debt
Notes Payable - shareholders 276,977 344,146
Total Liabilities 2,729,111 1,110,185

Commitments and contigencies (see note )

Shareholders` (Deficit):
Preferred stock par value $ .001 10,000,000 shares authorized;
none outstanding 0 0
Common stock, par value $ .001, 200,000,000 shares
authorized 114,155,777 issued and outstanding 114,156 34,637
Additional paid in capital 2,640,705 815,386
Notes Receivable related to stock sales
and Subscriptions Receivable (8,000 )
Accumulated Deficit (5,143,147 ) (1,850,192 )
Total Shareholders` (Deficit) (2,388,286 ) (1,008,169 )
Total Liabilities and Shareholders` (Deficit) $ 340,825 $ 102,016


The accompanying notes are an integral part of the financial statements

[SlayGrosswildjaeger]

INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF OPERATIONS
For the Two Years Ended December 31, 2004



2004 2003

Commissions earned $ 734,402 $ 7,806

Cost of sales 94,739

Gross margin 639,663 7,806

Selling, general, and administrative expenses 2,741,353 818,208
Asset impairment charge 1,023,753 95,000

Loss from Operations (3,125,443 ) (905,402 )

Other income and (expense)
Interest income 72
Interest expense (35,273 )
Loss on abandonment of assets (143,165 )
Monority interest loss allocation 10,854
Net loss ($3,292,955 ) ($905,402 )

Basic and diluted loss per common share ($0.055 ) ($0.028 )

Weighted average common shares outstanding 60,320,003 32,088,263


The accompanying notes are an integral part of the financial statements

[SlayGrosswildjaeger]

INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS` (DEFICIT)
For the two years Ended December 31, 2004

Common Stock Additional Paid
Shares $in capital Deficit

Balance December 31, 2002 31,717,200 $ 31,717 $ 498,530 ($944,790 )

Issuance of Common Stock for cash from
January 3, 2003 thru September 19, 2003
@ $ .10 per share 428,000 435 42,365

Issuance of Common Stock issued in
exchange for legal fees at the fair value of the legal
fees @ $.10 per share 539,770 540 53,436

Issuance of Common Stock issued in exchange for
marketing services at the fair value of the marketing
@ $.08 per share 1,310,000 1,310 97,690

Issuance of Common Stock issued in exchange for
Legal fees at the fair value of the legal fees @ $.20
per share 100,000 100 19,900

Issuance of Common Stock for Cash on
September 19, 2003 @ $.15 per share 60,000 60 8,940

Issuance of Common Stock for Cash on
December 9, 2003 @ $.20 per share 125,000 125 24,875

Issuance of Common Stock issued in exchange for
marketing services at the fair value of the marketing
@ $.20 per share 350,000 350 69,650

Net loss for the period ended
December 31, 2003 (905,402 )

Balance December 31, 2003 34,629,970 $ 34,637 $ 815,386 ($1,850,192 )

Issuance of Common Stock for Cash on
January 21, 2004 @ $.08 per share 650,000 650 45,460

Issuance of Common Stock for Cash on
January 21, 2004 @ $.07 per share 450,000 450 31,035

Issuance of Common Stock for cash from
February 6, 2004 thru July 6, 2004
@ $ .10 per share 10,005,000 10,005 978,995

Issuance of Common Stock for Cash on
December 15, 2004 @ $.013 per share 1,000,000 1,000 12,000

Issuance of Common Stock for the acquisition
of Airplan Inc. on February 23, 2004
@ $.14 per share 1,000,000 1,000 139,000

Issuance of Common Stock for the acquisition
of ISIP Telecom, Inc. on , 2004
@ $.10 per share 100,000 100 9,900

Issuance of Common Stock to officers in exchange
for deferred compensation owed @ $.08 per share. 7,765,312 7,765 147,640

Issuance of Common Stock in exchange for
legal, marketing and consultation fees at the fair
value of the services provided. 14,592,470 14,587 612,950

Issuance of Common Stock issued in exchange for
software purchased on May 14, 2005
@ $.10 per share 350,000 350 34,650

Issuance of Common Stock for the payment
on convertible debentures exercised. 43,613,025 43,612 268,188

Write off of stock subscription receivable (454,499 )

Net loss for the period ended
December 31, 2004 (3,292,955 )

114,155,777 $ 114,156 $ 2,640,705 ($5,143,147 )


The accompanying notes are an integral part of the financial statements

[SlayGrosswildjaeger]

INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Two Years Ended December 31, 2004

2004 2003
Cash flows from operating activities:
Net (Loss) $ (3,292,955 ) $ (905,402 )
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 75,890 7,500
Amortization 14,700 25,765
Stock issued for services 537,410 242,976
Asset impairment charge 1,023,753 95,000
Loss on asset abandonment of assets 143,165
Elimination of subsidiary activities prior to purchase (31,263 )
Minority interest loss allocation (10,854 )
Changes in assets and liabilities:
Accounts receivable (8,657 )
Other assets (155,800 )
Accounts payable and accrued expenses 804,514 355,017
Net Cash (used) by Operating Activites $ (900,097 ) $ (179,144 )
Cash flows used in investing activities:
Capital asset expenditures $ (28,714 ) $ -
Net Cash (used in ) Investing Activities $ (28,714 ) $ -
Cash flows from financing activities:
Proceeds from long term debt $ 855,800 $ 170,457
Proceeds from sale of comon stock 609,106 108,800
Payments on long term debt (425,236 ) (102,882 )
Net Cash provided by Financing Activities $ 1,039,670 $ 176,375

Net change in cash and cash equivalents 110,859 (2,769 )

Cash and cash equivalents, beginning of year 37,384 4,528

Cash and cash equivalents, end of year $ 148,243 $ 1,759
Additional Cash Flow Information:
Cash paid during the year for:
Interest (non capitalized) $ 7,765 $ -
Income Taxes $ - $ -


The accompanying notes are an integral part of the financial statements

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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NOTE A: DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


1. Organization



The Company was incorporated in Nevada on June 1, 2000 for the purpose of engaging in the travel industry. On July 15, 2002 the Company acquired all of the common stock of Casino Rated Players, Inc. and the transaction was accounted for as a reverse acquisition.


2. Principles of Consolidation



The consolidated financial statements include the accounts of Invicta Group, Inc. and its subsidiary. All significant intercompany transactions and balances have been eliminated in consolidation.


3. Impairment of Long-Lived Assets and Intangible Assets


The Company makes reviews for the impairment of long-lived assets and certain identifiable intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable under SFAS No. 144. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. During 2004, the Company identified certain web-site development cost, and purchased customer list with a cost of $162,299 and a net book value of $88,675 that required an adjustment for impairment in the amount of $88,675.


Additionally, the company identified goodwill associated with the purchases of both Airplan, Inc., and ISIP Telecom, Inc. with a book value of $935,078 which required an adjustment for impairment in the amount of $935,078


The remaining intangible assets at the balance sheet date consist of web site development and a client list that are carried at cost. The Company amortizes these assets on a straight-line basis over 7 years and 5 years, respectively.


4. Revenue Recognition



The Company derives its revenue from the commissions earned from
travel suppliers, and on the direct sale of travel related products. Revenue is recognized upon the receipt of the commission, or for sale of direct travel products when the actual travel takes place.


5. Income Per Share



The Company has adopted SFAS 128, Earnings per Share issued by the Financial Accounting Standards Board. Basic net loss per share was computed based on the weighted average shares of common stock outstanding and excludes any potential dilution. Diluted net loss per share reflects the potential dilution from the exercise or conversion of all dilutive securities, such as convertible debentures, into common stock. The Company’s outstanding convertible debentures are not included in the computation of basic or diluted net loss per share since they are anti-dilutive. At December 31, 2004 potentially dilutive securities consist of convertible debentures that could be converted into 59,299,063 common shares. At July 30, 2005 potentially dilutive securities consist of convertible debentures that could be converted into 22,732,026 common shares and options that could be converted into 3,822,656 common shares.

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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6. Cash



For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.


7. Use of Estimates



The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The most significant estimates included in the preparation of the financial statements are related to asset lives and accruals.


8. Financial Instruments



The Company’s short-term financial instruments consist of cash and cash equivalents, notes payable and accounts payable. The carrying amounts of these financial instruments approximates fair value because of their short-term maturities. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash. During the period the Company did not maintain cash deposits at financial institutions in excess of the $100,000 limit covered by the Federal Deposit Insurance Corporation. The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.


9. Stock-Based Compensation



The Company adopted Statement of Financial Accounting Standard No. 123 (FAS 123), Accounting for Stock-Based Compensation beginning with the Company’s existence. Upon adoption of FAS 123, the Company continued to measure compensation expense for its stock-based employee compensation plans using the intrinsic value method prescribed by APB No. 25, Accounting for Stock Issued to Employees. The Company did not pay any stock-based compensation during the period presented.


10. Comprehensive Income



SFAS No. 130, “Reporting Comprehensive Income”, establishes guidelines for all items that are to be recognized under accounting standards as components of comprehensive income to be reported in the financial statements. To date, the Company has not engaged in transactions which would result in any significant difference between its reported net loss and comprehensive net loss as defined in the statement.

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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11. Costs of Computer Software



In March 1998, the American Institute of Certified Public Accountants issued Statement of Position 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use (“SOP 98-1”). SOP 98-1 provides authoritative guidance on when internal-use software costs should be capitalized and when these costs should be expenses as incurred.


Effective January 3, 2001, the Company adopted SOP 98-1, however, the Company has not incurred costs to date which would require evaluation in accordance with the SOP.


12. Segments



Effective January 3, 2001, the Company adopted SFAS No. 131, Disclosures About Segments of an Enterprise and Related Information (“SFAS 131”). SFAS 131 superseded SFAS No. 14, Financial Reporting for Segments of a Business Enterprise. SFAS 131 establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. SFAS 131 also establishes standards for related disclosures about products and services, geographic areas, and major customers. The adoption of SFAS 13 did not affect results of operations or financial position.


13. Property, Plant and Equipment



Property, plant and equipment are stated at cost. Depreciation of plant and equipment is computed principally by the straight-line method based upon the estimated useful lives of the assets, which range as follows:


Office furniture and equipment - 5-7 years
Computer equipment - 5 years


14. Pensions and Other Post-Retirement Benefits



Effective January 3, 2001, the Company adopted the provisions of SFAS No. 132, Employers’ Disclosures about Pensions and other Post-Retirement Benefits (“SFAS 132”). SFAS 132 supersedes the disclosure requirements in SFAS No. 87, Employers’ Accounting for Pensions, and SFAS No. 106, Employers’ Accounting for Post-Retirement Benefits Other Than Pensions. The overall objective of SFAS 132 is to improve and standardize disclosures about pensions and other post-retirement benefits and to make the required information more understandable. The adoption of SFAS 132 did not affect results of operations or financial position.


The Company has not initiated benefit plans to date which would require disclosure under the statement

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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15. Derivative Instruments



In June 1998, the Financial Accounting Standards Board issued SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities (“SFAS 133”), which is required to be adopted in years beginning after June 15, 1999. SFAS 133 will require the Company to recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income. If the derivative is a hedge, depending on the nature of the hedge, changes in the fair value of derivatives will either be offset against the change in fair value of hedged assets, liabilities, or firm commitments through earnings or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. The Company has not yet determined what the effect of SFAS 133 will be on earnings and the financial position of the Company, however, it believes that it has not to date engaged in significant transactions encompassed by the statement.

16. Advertising Costs



Advertising costs generally will be charged to operations in the year incurred. Advertising expense approximated $180,279 for 2004 and $7,000 for 2003.


17. Environmental Cleanup Matters



The Company expenses environmental expenditures related to existing conditions resulting from past or current operations and from which no current or future benefit is discernable. The Company determines its liability on a site-by-site basis and records a liability at the time when it is probable and can be reasonably estimated.


18. Business Concentrations



As indicated in Note A-4, the Company derives its revenue from commissions earned from travel suppliers and the direct sale of travel related products and, therefore, the Company is subject to the economic conditions of the travel market place. Changes in this industry may significantly affect management’s estimates and the Company’s performance.


19. Income Taxes



The Company adopted Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes”, effective January 3, 2001. Under SFAS, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured by applying enacted tax rates and laws to taxable years in which such differences are expected to reverse.



20. Gains and Losses from Extinguishment of Debt


In May 2002, the FASB issued Statement of Financial Accounting Standards No. 145 “Reporting Gains and Losses from Extinguishment of


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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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Debt”, which rescinded SFAS No. 4, No. 44 and No. 64 and amended SFAS No. 13. The new standard addresses the income statement classification of gains or losses from the extinguishment of debt and criteria for classification as extraordinary items. The new standard became effective for fiscal years beginning after May 15, 2002. The Company adopted this pronouncement on May 1, 2003. The adoption of this pronouncement is not expected to have a material impact on the Company’s results of operations or financial position.


21. Guarantor’s Accounting



In November 2002 the FASB issued FASB Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others”. FIN 45 requires certain guarantees to be recorded at fair value, instead of recording a liability only when a loss is probable and reasonably estimable, as those terms are defined in FASB Statement No. 5 Accounting for Contingencies. FIN 45 also requires a guarantor to make significant new disclosures, even when the likelihood of making any payments under the guarantee is remote. The disclosure requirements of FIN 45 are effective for financial statements of interim or annual periods ending after December 15, 2002. The Company adopted the disclosure provisions of FIN 45 effective December 31, 2002 and its adoption is not expected to have a material impact on the Company’s results of operations or financial position.


22. Consolidation of Variable Interest Entities



In January 2003, the FASB issued Interpretation No. 46, “Consolidation of Variable Interest Entities”. FIN 46 clarifies the application of existing accounting pronouncements to certain entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The provisions of FIN 46 will be immediately effective for all variable interests in variable interest entities created after January 31, 2003, and the Company will need to apply its provisions to any existing variable interests in variable interest entities by no later than December 31, 2004. The Company does not believe that FIN 46 will have a significant impact on the Company’s financial statements.


23. Start-Up and Organization Costs



Start-up and organization costs are accounted for under the provisions of the American Institute of Certified Public Accountants’ Statement of Position (SOP) 98-5, “Reporting on the Costs of Start-up Activities”. Adopted by the Company at its inception, SOP 98-5 provides guidance on the financial reporting of start-up and organization costs and requires such costs to be expensed as incurred. The Company’s adoption of SOP 98-5 will not have a significant effect on its financial position or results of operation

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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NOTE B: CONVERTIBLE DEBENTURES PAYABLE

Principal balances outstanding and details of notes payable are summarized as follows:

2004 2003

December 31, 2004. The note is
convertible into company stock @ $.10
per share. The debenture was renewed
during February, 2004. The terms of
the renewal indicate that interest of 10%
will be paid annually, the debenture
is convertible into common stock @
$.10 per share and the term of the
debenture is January 28, 2005. The
debenture was not paid on December 31,
2003 as the holder requested the term
to be extended. $ 10,000 $ 10,000
(Note is in default)


December 31, 2003. The notes are
convertible into company stock @ $.30
per share. These debentures have or
will be paid in 2004. 39,600 34,100
(Note is in default)


July 1, 2004. The debenture is
Convertible into company stock @ $.50
per share. 10,000 10,000
(Note is in default)


Invicta entered into an agreement with Golden Gate
Investors, Inc. for institutional funding.
Invicta Group, Inc, issued multiple
convertible debentures equaling
$855,800 and a warrant to purchase
3,000,000 additional shares at $1.00/share. 550,000 0


Invicta acquired Airplan, Inc. 2/17/2004 and assumed a shareholder loan to the owner of $60,000.
60,000 0


Total Convertible Debentures Payable $ 669,600 $ 54,100


NOTE C: INCOME TAXES PAYABLE


The provision for income taxes consists of the following:


2004 2003

Current -0- -0-
Deferred -0- -0-
Tax Benefit of Net Operating Loss Carryforward -0- -0-

Total -0- -0-



Deferred income taxes arise primarily due to temporary differences in recognizing certain revenues and expenses for tax purposes, the required use of extended lives for calculation of depreciation for tax purposes, and the expected use of tax loss carryforwards in future periods. The components of the net deferred tax asset at December 31, 2004, and 2003 are as follows:

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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2004 2003

Net operating loss carryforwards $ 4,479,900 $ 1,545,800

Total deferred tax assets $ 4,479,900 $ 1,545,800

Less valuation allowance (4,479,900 ) (1,545,800 )
Net deferred tax assets -0- -0-



A valuation allowance is provided to reduce the deferred tax assets to a level which, more likely than not, will be realized. The net deferred assets reflect management’s assessment of the amount which will be realized from future taxable earnings or alternative tax strategies.


At December 31, 2004, the Company had approximately $4,479,900 of federal and state net operating loss carryforwards available to offset future taxable income. The state loss carryforwards are available indefinitely. The federal net operating loss carryforwards will expire as follows:


2020 $ 238,400
2021 195,800
2022 669,400
2023 442,300
2024 2,934,000
Total $ 4,479,900





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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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NOTE D: CONVERTIBLE DEBENTURE - GOLDEN GATE INVESTORS, INC.


Effective June 7, 2004, Invicta entered into an agreement with Golden Gate Investors for institutional funding. Invicta Group, Inc, issued multiple convertible debentures equaling $855,800 and a warrant to purchase 3,000,000 additional shares at $1.00 per share.


The conversion price of each debenture is based on a discount of the actual trading price of the common stock. Additionally, upon each conversion Golden Gate Investors, Inc. is required to exercise a portion of the warrant. Golden Gate Investors, Inc. has the right to convert to convert to common stock at any time, the conversion price is equal to a 25% discount of the past 20 days average bid price. At no time can Golden Gate Investors, Inc. own more than 4.9% of Invicta’s Outstanding Shares.


During 2004, the Company issued 43,313,025 shares resulting in a reduction of the debenture of $305,800. The outstanding balance of the debenture at 12/31/04 is $550,000.


Golden Gate is charging an interest rate of 7.75% annually for prepayments to the debenture.


NOTE E: NOTES PAYABLE - SHAREHOLDERS


Note payable to shareholders, uncollateralized, payable on the first month after the Company has received $1,000,000 in equity funding in monthly installments of approximately $20,000. Invicta is in default on the payments to shareholders due to a cash flow shortage. Shareholder recognizes default status and will accept 7% interest on note from 1/2/05 until paid in full. The Company plans to begin these payments as soon as the necessary cash flow is available which management expects to be in 2006. Therefore, the entire balance of $ 276,977 is classified as long-term debt for 2004 and $344,146 for 2003. Invicta owes seller of Airplan, Inc. $60,000, but does not intend to pay due to termination of employment contract.


NOTE F: RELATED PARTY TRANSACTIONS

Fareline International, Inc.


As part of the purchase of Airplan, Invicta Group agree to purchase Fairline International, Inc. from the former owner of Airplan, Inc. John Latimer for $60,000 in cash. Closing was set for April 2004, and was subsequently cancelled by Invicta Group. Airplan continued to do business with Fairline, owned by John Latimer. For 2004, sales to Fairline amounted to approximately $25,000. As of December 31, 2004 the Company had an outstanding payable to Fairline of $13,720.

NOTE G: WARRANTS AND OPTIONS


On January 6, 2004 as part of the Company’s agreement with its officer regarding their deferred compensation, the Company granted options to its

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------



officers for 3,882,656 shares of the Company’s common stock. The exercise price of the options are $.25, and are for a period of 5 years.


Additionally, see Note B - Convertible Debentures Payable which may be converted into additional shares of common stock.


NOTE H: EMPLOYMENT AGREEMENTS AND DEFERRED OFFICER’S COMPENSATION


The Company entered into employment agreements with its Chief Executive Officer, Chief Operating Officer, and its Vice-President for the period July 23, 2002 until August 1, 2004. The annual base salary of each officer will be $120,000. Each officer will be paid for equity funding equal to 5% of funding.


The Company has accrued for each officers salaries in deferred officers’ compensation with balances of:


2004 2003

$ 554,187 $668,250





NOTE I: LEASES


The Company leases office space for its Miami operations at a monthly rate of $2184 per month. Rent expense for 2004 and 2003 approximated $19,500, and $10,000 respectively.


The Company leases office space in Pittsburgh for Airplan at a monthly rate of $3500. In February of 2005, the Company ceased operation at the Pittsburgh office, and has additional rent due on the lease of approximately $55,000. Total rent expense for 2004 was approximately $85,000 including the additional expense resulting from the abandoning of the leased premises.


The Company lease office space in Las Vegas, Nevada for Las Vegas Excitement, Inc. The Company has a three year least commencing December 2004. Monthly rents are $1,345 for year 1, $1,412 for year two and $1,483 for the final year of the lease. The Company has entered into a month-to-month sub-lease agreement with rental equal to the Company’s monthly rent.


NOTE J: ACQUISITIONS


ISIP Telecom, Inc.


On January 8, 2004, the Company used the purchase method to acquire all of the common stock of ISIP Telecom, Inc., a Florida Corporation formed in 2003, in exchange for 100,000 restricted shares of the Company’s common stock with a value of $.10 per share resulting in a total purchase price of $10,000. ISIP Telecom is a voice over internet protocol telecommunications company that will market long distance services over the internet to worldwide telephones and will be sold to the travel industry. The customers of ISIP pay a monthly fee in advance with no potential for refunds for a certain amount of long distance minutes. Revenue is recognized upon the receipt of funds for the long distance minutes purchased as there are no refunds. At the end of any accounting period, unearned revenues, if any, will be adjusted for. The Company’s 2004 consolidated results include the operations of ISIP Telecom, Inc. from the date of acquisition.

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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Airplan, Inc.


On February 18, 2004, the Company acquired all of the outstanding capital stock of Airplan, Inc., a Pennsylvania Corporation organized in 1989, for 1,000,000 shares of the Company’s common stock of which 700,000 shares are restricted. Additionally, the Company will guarantee the value of the stock given as consideration to be at least $500,000 at 180 days after closing the transaction. If the value of the stock is less than $500,000, then additional shares will be issued based on the current market value to a total of $500,000. Airplan, Inc. is involved in the wholesale and retail travel industry. Clients of Airplan make a booking and send payment by credit card or check. A ticket is produced from the booking information. Revenue is recognized upon the receipt of the client’s payment and a ticket is produced for the client’s booking. Sales for published and unpublished fares are recorded on a net basis. The acquisition was accounted for as a purchase of a wholly-owned subsidiary and the results of its operations were included in the consolidated results of the Company from the date of acquisition. In addition, the selling shareholders have a 5 year Earn Out Agreement offering an earn out of 10% of EBITDA of Airplan, Inc. for each of the fiscal years ending December 31, 2004 through December 31, 2008 which will be accounted for as compensation for services.


The acquisition activity is summarized in the following table. Property, plant and equipment of approximately $534,000 will be depreciated on a straight-line basis over a 5 year life. Purchased intangible assets of approximately $535,000 will be amortized on a straight-line basis over lives ranging from 5 to 10 years (weighted average life of 8.8 years).


Year Ended
December 31, 2004 Activity
Assets (Liabilities) ISIP Telecom, Total
At Fair Value Inc. Airplan, Inc. Activity

Cash and other current assets $ - $ 362,925 $ 362,925
Property, plant equipment - net - 134,112 134,112
Purchased goodwill 10,000 925,078 935,078

Accounts payable and other current
liabilities - (922,115 ) (922,115 )

Net Assets Acquired $ 10,000 $ 500,000 $ 510,000


Fair values were determined by management’s estimates without independent appraisal.


All goodwill acquired has been written off during the quarter ending March 31, 2004 as an impairment loss.


The unaudited pro forma information for the year ended December 31, 2004 and 2003 assumes the acquisitions occurred as of the beginning of each respective year, after giving effect to certain adjustments, including amortization and

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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depreciation based upon the adjustments to the fair values of intangibles and property, plant and equipment acquired. The pro forma results have been prepared for comparative purposes only and are not necessarily indicative of the results of operations that may occur in the future or that would have occurred had the acquisitions been effected at the beginning of each period presented.


Pro Forma Information for Acquisitions: Year Ended
December 31, December 31,
2004 2003

Gross Revenues $ 849,280 $ 637,196
Net Income (Loss) (3,335,072 ) (1,324,618 )
Earnings (Loss) Per Share (.054 ) (.004 )


NOTE K: SPINOFF OF SUBSIDIARY - ISIP TELECOM, INC.


On July 2, 2004, Invicta Group, Inc.’s board of directors approved a spin-off of its subsidiary ISIP Telecom, Inc. Shareholders of record as of August 20, 2004 will receive 1 share of ISIP Telecom, Inc., for every 5 shares owned in Invicta Group, Inc. Invicta Group, Inc. will maintain a 25% ownership in ISIP Telecom, Inc.


All activities of ISIP Telecom commenced after the issuance of the stock to shareholders of Invicta Group, Inc., resulting in an allocation of 25% of the loss of $14,560 to the Invicta Group, Inc.

Invicta will officially spinoff ISIP at 12/31/04 year end and will be issued 6 million shares of restricted stock for payment of the Spin Off.

NOTE L: DEFERRED COMPENSATION ELIMINATED THROUGH THE ISSUANCE OF COMMON STOCK.

On January 6, 2004, the Company entered into an agreement with its officers to issue restricted common stock, and options in lieu of the deferred salary owed to the officers. The board approved and authorized the issuance of 7,765,313 shares of its common stock, and granted options for and additional 3,882,656 shares, in exchange for $155,250 of deferred compensation. The stock issued is restricted for one year. The exercise price of the options are $.25, and are for a period of 5 years.


NOTE M: SUBSEQUENT EVENTS


NOTE 1


On April 12, 2005 Invicta Group Inc. announced the launch of its newest subsidiary Travel Hot Link. The Company will operate a Business-to Commerce website offering discounted travel from Travel Suppliers world wide. Travel Hot Link will send 40 Million Emails monthly to travel enthusiasts that are seeking discounted travel offers.

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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The site will offer discounted air, hotels, car rentals, cruises, travel packages created by tour operators, and entertainment values, the traveler will link to desired Travel Suppliers website and buy directly, with no middleman mark-up.


Revenues will be generated from media advertising directly from Travel and Entertainment Suppliers.

NOTE 2

Effective February 28, 2005 Invicta closed its Pittsburgh call center for Airplan Inc. and set up a virtual call center with employees working from their homes. Airplan’s employees will receive calls from customers and enter reservations on their computers via the internet. Tickets will be confirmed as an E ticket with confirmation number and receipt online or fax. The closure will dramatically reduce the overhead of Airplan’s operations. Management in Miami will oversee the daily business operations. Invicta operated the business for 2 additional months, revenues continued to drop resulting in the closing of the company April 26, 2005.

NOTE 3


On February 14, 2005 Invicta provided notice to shareholders increasing authorized shares. The action, by consent of a majority of the shareholders increases the outstanding Common Stock of the company to 1,000,000,000 shares. It also increases the Preferred Stock to 50,000,000 shares. With respect to the Amendment, the Board of Directors of the Company (the "Board") has approved, and the shareholders owning a majority of the issued and outstanding voting shares outstanding as of February 8, 2005, have consented in writing to the Amendment.


NOTE 5


Invicta received on 1/15/05 a law suit from the owners of Jamaican Travel Services claiming a Breach of Purchase and Employment Contract with Invicta. Invicta entered a Purchase Agreement with Jamaican Travel 6/12/04 and rescinded the Agreement due to lack of due diligence information on 8/22/04. Invicta and its officers are being sued. Invicta has hired legal counsel in California to defend the allegations. A trial date has not been set. The Company expects a trial date in late 2005 or early 2006.


NOTE 6


Effective January 14, 2005 John Latimer resigned as president of Airplan Inc. and as a director of Invicta Group Inc. Invicta Group, Inc.’s board of directors accepted his written resignation as a member of its Board of Directors, effective immediately.

NOTE N: RECENT ACCOUNTING PRONOUNCEMENTS


In May 2003, the FASB issued SFAS No. 150 “ Accounting for certain Financial Instruments with Characteristics of both Liabilities and Equity”. Sfas No. 150 establishes for how an issuer classifies and measures in its statement of financial position certain financial instruments with characteristics of both liabilities and equity. This statement is not applicable to the Company.


In December 2003, the Securities and Exchange Commission issued Staff Accounting Bulletin No 104. “ Revenue Recognition” SAB 104 supercedes SAB 101 related to multiple element revenue arrangements. This statement is not applicable to the Company.


In December 2004, the FASB issued a revision to SFAS 123 “ Share-based Payment”, FASB Statements Nos. 123 and 95. This FASB addresses the accounting for share-based payment transactions in which a Company receives services in exchange for either equity instruments of the Company or liabilities that are based on the fair value of the Company’s instruments or that may be settled by the issuance of such equity instruments.
This statement would eliminate the ability to account for share-based compensation transactions using the intrinsic method that the Company currently uses and generally would require that such transactions be accounted for using a fair-value based method and recognized as expense in the statements of operations. This statement revision will have an effect on the Company’s operations after it effective date December 15, 2005.


In December 2004, the FASB issued SFAS No. 153, “ Exchanges of Nonmonetary Assets - an amendment of APB Opinion No. 29, which amends Opinion 29 by eliminating the exception for nonmonetary exchanges of similar productive assets and replaces it with a general exception for exchanges of nonmonetary assets that do not have commercial substance. This statement may have an effect on future transactions.

[SlayGrosswildjaeger]

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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In May 2005, FASB issued SFAS No. 154 “Accounting Changes and Error Corrections “. This replaces APB Opinion 20 and FASB No. 3, whereby it requires retrospective application to prior periods’ financial statements of changes in accounting principle, unless it is impractical to determine either the period-specific effects or the cumulative effect of the change. This statement is effective for accounting changes and corrections of errors made in fiscal years beginning after December 15, 2005. management does not expect the implementation of this new standard to have a material impact on the financial statements.

In March 2005, the SEC released SAB No. 107 “ Share-Based Payment” which provides interpretive guidance related to the interaction between SFAS 123(R) and certain SEC rules and regulations. It also provides the SEC staff’s views regarding valuation of share-based payment arrangements. This Staff Accounting Bulletin will have an impact on future share-based transactions of the Company.

NOTE O: GOING CONCERN


The future of Invicta Group Inc. (IVGA) depends on future sales and profits. IVGA has been unsuccessful generating profits from its subsidiaries in 2004, in spite of sales exceeding $10 million. The company has been under capitalized from the day it became a public company. Marketing dollars were not available to brand the subsidiaries, margins were too low, and the high cost of staffing call centers, versus generating sales on the internet, resulted in losses exceeding $1.5 million for the calendar year 2004.


The future of IVGA needs to change. Management has downsized staffing and expensive employees inherited fro acquisitions made in 2004, and has agreed to (1) change its business model from a call center reservation to virtual call center (eliminating office rent, phone cost, and staffing); and (2) more importantly starting a new subsidiary that sells advertising to travel suppliers online, generating revenues from advertising income on its website: www.travelhotlink.com


Travel Hot Link will offer discounted travel to its database of 40 million travel enthusiasts that are seeking travel bargains online. The traveler selects the travel supplier it desires by clicking on to its web address linking the traveler and supplier together to complete the purchase. Travel Hot Link does not get involved with the reservation; its revenues are generated from the Travel Supplier that advertises its travel products online.

Invicta has three opportunities to raise money: 1) Hire Consultants (out source) to manage the website and telemarket prospective Travel Suppliers (customers) using S-8 stock for currency; 2) Equity Funding via a SB-2 Registration for 300 million shares in an effort to raise $300,000 to $500,000; 3) Promissory Note using Preferred stock as collateral, size of note needed is $500,000.


IVGA has targeted companies for all three opportunities, 1) a loan of $5 million is over due and may not become reality; 2) Equity Funding via a S-2 Registration will be filed after 12/31/04 audit is completed with $300,000 due upon SEC approval; 3) A Consultant has already been working on the Travel Hot Link and is ready to start marketing efforts. The company’s first choice is the $5 million loan, but will continue to use the Consultant and file the SB-2 if the Consultant is not successful in generating revenues.


The new business model and new subsidiary offers IVGA the opportunity for survival and additional funding should provide the capital resource to generate a profit in 2005. Management believes a profitable company will increase stock value and assure survival.

[SlayGrosswildjaeger]

The new business model and new subsidiary offers IVGA the opportunity for survival and additional funding should provide the capital resource to generate a profit in 2005. Management believes a profitable company will increase stock value and assure survival.

[SlayGrosswildjaeger]

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Item 8. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure.

We changed, effective September 19, 2005, our Certifying Accountant from Larry Wolfe, C.P.A. to Baum and Company, P.A. The change in accountants was recommended and approved by the audit committee of the Board of Directors.

The principal accountant`s reports on our financial statements since their engagement contained no adverse opinion or a disclaimer of opinion, nor was qualified or modified as to uncertainty, audit scope, or accounting principles, except for the expression of substantial doubt about our ability to continue as a going concern.

During the two most recent fiscal years and all subsequent interim periods preceding its resignation, there were no disagreements with Larry Wolfe, C. P. A. on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Larry Wolfe, C. P. A. would have caused it to make reference to the subject matter of the disagreements in connection with its report.

Item 8A. Controls and Procedures.

Invicta Group`s Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of Invicta Group`s disclosure controls and procedures (as defined in Rules 13a-14(c) and 15d-14(c) under the Securities Exchange Act of 1934, as amended) as of December 31, 2004, (the "Evaluation Date"), have concluded that, as of the Evaluation Date, Invicta Group`s disclosure controls and procedures were effective to ensure the timely collection, evaluation, and disclosure of information relating to Invicta Group that would potentially be subject to disclosure under the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated under the Act. There were no significant changes in Invicta Group`s internal controls or in other factors that could significantly affect the internal controls subsequent to the Evaluation Date.


Part III


Item 9. Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act.

The following table includes the names, ages, positions held and terms of office of Invicta Group`s directors and executive officers.

NAME AGE POSITION DIRECTOR SINCE

William G. Forhan 60 Chief Executive Officer, July 2002
President and Director

Richard David Scott 58 Chief Operating Officer, inception
Chief Financial Officer
and Director

Mercedes Henze 58 Vice President inception
Secretary

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Table of Contents


The stockholders of Invicta Group elect the directors at the annual meeting to serve for one year and until their successors are elected and qualify. Directors do not receive compensation for serving as directors. Officers are elected by the board of directors and their terms of office are, except as otherwise stated in employment contracts, at the discretion of the board of directors.


As authorized by the Nevada Statutes, Invicta Group`s Articles of Incorporation provide that none of Invicta Group`s directors shall be personally liable to Invicta Group or Invicta Group`s shareholders for monetary damages for breach of fiduciary duty as a director, except liability for:


· any breach of the director`s duty of loyalty to Invicta Group`s or its shareholders;



· acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;



· unlawful payments of dividends or unlawful stock redemptions or repurchases; and



· any transaction from which the director derived an improper personal benefit.



This provision limits Invicta Group`s rights and the rights of its shareholders to recover monetary damages against a director for breach of the fiduciary duty of care except in the situations described above. This provision does not limit Invicta Group`s rights or the rights of any shareholder to seek injunctive relief or rescission if a director breaches his duty of care. These provisions will not alter the liability of directors under federal securities laws.


Invicta Group is authorized by Nevada corporation law and its bylaws to indemnify its directors and officers against damages, which qualify, in the opinion of the disinterested members of the board, for indemnification. Invicta Group is authorized to purchase liability insurance to cover this indemnification. The Securities and Exchange Commission has informed Invicta Group that it is against public policy for Invicta Group to indemnify its directors and officers for liabilities arising under the Securities Act and that claims for indemnification for this type of liability is unenforceable.


Compliance With Section 16(A) Of Securities Exchange Act Of 1934


Pursuant to Section 16(a) of the Securities Exchange Act of 1934, our directors and officers, and persons who own more than ten percent of the Company`s Common Stock, are required to file with the Securities and Exchange Commission initial reports of ownership and reports of changes in ownership of common stock and other equity securities of the Company. Officers, directors and greater than ten-percent shareholders are required by regulation to furnish us with copies of all Section 16(a) reports they file. To our knowledge, based solely on a review of the copies of such reports furnished to the Company and written representations that no other reports were required during the fiscal year ended December 31, 2001, except as disclosed here, directors, officers and greater than ten percent beneficial owners complied with all applicable Section 16(a) filing requirements.

[SlayGrosswildjaeger]

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Item 10. Executive Compensation.


SUMMARY COMPENSATION TABLE


The following table presents the compensation earned by Invicta Group`s Executive officers during the last three fiscal years.

Cash Compensation
Name and Position Year Paid Accrued

William G. Forhan
President and Chief 2001 None $ 70,000
Executive Officer 2002 None $ 30,000
2003 None $ 90,000
2004 48,468 $ 71,539

Richard David Scott
Chief Operations and 2001 None None
Chief Financial Officer 2002 None $120,000
(President from inception 2003 None $ 48,396
to July 15, 2002) 2004 $173,237 None

Mercedes Henze
Vice President 2001 None None
2002 None $ 120,000
2003 None $ 48,396
2004 82,269 $ 37,731


Invicta Group has not paid any of the cash compensation reflected in the preceding table, which has been accrued, as reflected in the right hand column the table. In addition; Mr. Forhan and Mr. Scott each are due a monthly car allowance of $750. Each of the named executive officers is entitled to a salary of $120,000, prorated from date of employment, under his or her employment agreement. These executive officers are not entitled to and have not received any non-cash or any other compensation, bonuses or other forms of long term compensation. Invicta Group has not issued any stock options or stock appreciation rights to these executive officers, although they do have the opportunity to participate in the Incentive and Non-Qualified Stock Option Plan described below.

INCENTIVE AND NON-QUALIFIED STOCK OPTION PLAN


The following table sets forth information about Invicta Group`s 2002 Incentive and Non-Qualified Stock Option Plan approved by directors and stockholders on August 1, 2002.

Shares remaining Available Shares issuable upon Weighted average exercise
for future issuance exercise of outstanding options price of outstanding options

Stockholder approved none none
plan 5,000,000

[SlayGrosswildjaeger]

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Invicta Group does not have any equity compensation plan which has not been approved by stockholders. The 2002 plan is intended to assist Invicta Group in securing and retaining key employees, directors and consultants by allowing them to participate in its ownership and growth through the grant of incentive and non-qualified options, as well as direct stock grants. Under the 2002 plan, Invicta Group may grant incentive stock options only to key employees and employee directors. Invicta Group may grant non-qualified options and issue direct stock awards to its employees, officers, directors and consultants. The 2002 equity compensation plan is administered by its board of directors.


Subject to the provisions of the 2002 plan, the board determines who receives options or grants, the number of shares of common stock that may be purchased under the options, the time and manner of exercise of options and exercise prices. The term of options granted under the stock option plan may not exceed ten years or five years for an incentive stock option granted to an optionee owning more than ten percent of Invicta Group`s voting stock. The exercise price for incentive stock options will be equal to or greater than the fair market value of the shares of the common stock at the time granted. However, the incentive stock options granted to a ten percent holder of Invicta Group`s voting stock are exercisable at a price equal to or greater than 110 percent of the fair market value of the common stock on the date of the grant. The exercise price for non-qualified options will be set by the board, in its discretion, but in no event will the exercise price be less than the par value for Invicta Group`s common stock. The exercise price may be payable in cash or, with the approval of the board, by delivery of shares or by a combination of cash and shares. The board may also direct the issuance of shares of Invicta Group`s common stock as awards under the 2002 plan. Absent registration under the Securities Act of 1933, as amended, or the availability of an exemption from registration, shares of common stock received as stock grants and upon exercise of options will be subject to restrictions on sale or transfer provided in the federal securities laws.


Item 11. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.


The following tables set forth information known to Invicta Group, as of the date of this report, relating to the beneficial ownership of shares of common stock by:


· Each person who is known by Invicta Group to be the beneficial owner of more than five percent of its outstanding common stock;

· Each director;

· Each executive officer; and

· All executive officers and directors as a group.


Unless otherwise indicated, the address of each beneficial owner in the table set forth below is care of Invicta Group Inc., 9553 Harding Avenue, Suite 301, Miami Beach, Florida 33154.

Invicta Group believes that all persons named in the table have sole voting and investment power with respect to all shares of common stock shown as being owned by them.

[wallstone]

what is den nun los... jeder kann sich doch das filing selbst runterladen bzw. anschauen es macht doch keinen sinn jede einzelne seite einzeln zu prosten... ( äh posten..)

[SlayGrosswildjaeger]

Table of Contents

Name Shares Percentage

William G. Forhan 13,050,000 5.49 %

Richard David Scott 8,873,750 3.74 %

Mercedes Henze 8,571,562 3.61 %

Officers and Directors
As a group (3 persons). 30,495,312 12.84 %


Mr. Scott and Ms. Henze are married. The shares legally owned by one are treated as being beneficially owned by the other for purposes of federal securities law, but have not been presented in this way in the table above in order to avoid possible confusion.

Item 12. Certain Relationships and Related Transactions.


TRANSACTIONS BETWEEN INVICTA GROUP AND ITS MANAGEMENT


Invicta Group issued 11,000,000 shares to Mr. Forhan, as consideration for the acquisition of Casino Rated Players on July 15, 2002. Mr. Forhan was a founder of Casino Rated Players and purchased its stock at the time of its organization on January 27, 2000 for $.001 per share. At that time, Mr. Forhan was the Chief Executive Officer of Casino Rated Players and owned approximately two-thirds of its stock, but he was not a stockholder, director or officer of Invicta Group. The transaction was negotiated between Mr. Forhan and Mr. Scott. Mr. Forhan received one share of Invicta Group for each share of Casino Rated Players he owned (ten million shares) and two shares of Invicta Group for each dollar of $500,000 in deferred compensation which Casino Rated Players owed to Mr. Forhan (one million shares).


Mr. Forhan loaned Casino Rated Players and aggregate of $320,671 during 2000, before its acquisition by Invicta Group as a wholly owned subsidiary in July 2002. Casino Rated Players used the borrowing for the following purposes.

Uses: Amount

Investment Tours By Charlie. $ 50,000
Cash : working capital 18,731
Marketing 29,593
Advertising and Promo 16,391
Legal 7,800
Furniture, Equip. and computers 18,000
Web site Development 16,500
Wages 122,000
G&A Exp 41,656
Total uses of loan $ 320,671

[SlayGrosswildjaeger]

Table of Contents


Invicta Group has executed a promissory note to Mr. Forhan for the loan. The note does not bear interest, and is due and payable in equal monthly installments over eighteen months commencing upon Invicta Group obtaining not less than $1 million in additional equity funding, of which there is no assurance.


Mr. Scott sold 380,000 of his Invicta Group shares in a private transaction and has loaned the proceeds of $38,000 to Invicta Group for corporate working capital without interest. Mr. Forhan sold 250,000 shares of his Invicta Group shares in a private transaction and has loaned the proceeds of $55,000 to Invicta Group for corporate working capital without interest. Subsequently, loans were converted into 380,000 shares and 250,000 shares of Invicta Group`s common stock, respectively.




Item 13. Exhibits and Reports on Form 8-K.


(a) Exhibits:

Exhibit No Description of Document

3.1(a) Articles of Incorporation of Invicta Group Inc.*
3.1(b) Articles of Amendment*
3.2 Bylaws*
10.1 2002 Equity Compensation Plan*
10.2 Employment Agreement between Invicta Group and William G. Forhan*
10.3 Employment Agreement between Invicta Group and R. David Scott*
10.4 Employment Agreement between Invicta Group and Mercedes Henze*
10.5 Lease for Miami Beach, Florida Office*
10.6 Stock Purchase Agreement for the Shares of Casino Rated Players. Inc.*
10.8 Promissory Note to William G. Forhan*
23.1 Consent of Baum and Company, Certified Public Accountants
23.2 Consent of Wolfe & Wolfe, Certified Public Accountants
31 Section 302 Certifications
32 Certifications Pursuant to 18 U.S.C. Section 1350, as adopted by Section 906 of the Sarbanes- Oxley Act of 2002.



* Indicates previously filed in a Registration on Form SB-2, Commission File No. 333-102555

(b) Reports on Form 8-K


The following reports were filed on Form 8-k:

On September 21, 2005, we filed a Form 8-K current report with respect to the change, effective September 19, 2005, of our Certifying Accountant from Larry Wolfe, C.P.A. to Baum and Company, P.A.

On April 21, 2005, we filed a Form 8-K current report with respect to an entry into an agreement for a purchased of VoIP Inc. VoIP Inc. sales volume for last year was $1.1 million and its pre tax profits exceeded $100,000. VoIP Inc. is a Delaware Corporation established in 2002 and headquartered in Southern California.


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On January 18, 2005, we filed a Form 8-K current report with respect to a resignation of the member of its Board of Directors, John Latimer.

On October 14, 2004 we filed a Form 8-K current report with respect to an error in the financial statements covering interim period ended June 30, 2004.

On October 14, 2004 we filed a Form 8-K current report with respect to an error in the financial statements covering interim period ended March 31, 2004.

On June 30, 2004 we filed a Form 8-K current report with respect to an acquisition of assets of Jamaican Travel Specialist, Inc.

On March 26, 2004 we filed a Form 8-K current report with respect to an amendment to Article 3. of our Articles of Incorporation to provide for a total of 190,000,000 authorized common shares, par value $.001 per share and 10,000,000 authorized preferred shares, par value $.001 per share.

On March 26, 2004 we filed a Form 8-K current report with respect to a change in our Certifying Accountant from Dreslin Financial to Wolfe & Wolfe of Miami, Florida.

On March 11, 2004 we filed a Form 8-K current report with respect to an acquisition of assets of Air Plan, Inc.


On January 16, 2004 we filed a Form 8-K current report with respect to a purchase of all outstanding shares of ISIP Telecom, Inc.


Item 14. Principal Accountant Fees and Services.


Audit Fees


Audit fees billed to the Company by Baum and Company P.A. for auditing the Company`s annual consolidated financial statements for the fiscal years ended, December 31, 2004 amounted to $15,000. IVGA paid Wolfe and Wolfe CPA $ $13,500 for 12/31/03 audit.


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SIGNATURES



Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



INVICTA GROUP INC.




By: /s/ William G. Forhan

--------------------------------------------------------------------------------
William G. Forhan
Chief Executive Officer and President








By: /s/ Richard David Scott

--------------------------------------------------------------------------------
Richard David Scott
Chief Financial Officer





Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.


SIGNATURE TITLE DATE

/s/ William G. Forhan Chief Executive Officer, October 11, 2005
William G. Forhan President and Director



/s/ Richard David Scott Chief Operating Officer, October 11, 2005
Richard David Scott Principal Accounting and
Financial Officer and Director




37
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Exhibit Index


Exhibit No Description of Document

3.1(a) Articles of Incorporation of Invicta Group Inc.*
3.1(b) Articles of Amendment*
3.2 Bylaws*
10.1 2002 Equity Compensation Plan*
10.2 Employment Agreement between Invicta Group and William G. Forhan*
10.3 Employment Agreement between Invicta Group and R. David Scott*
10.4 Employment Agreement between Invicta Group and Mercedes Henze*
10.5 Lease for Miami Beach, Florida Office*
10.6 Stock Purchase Agreement for the Shares of Casino Rated Players. Inc.*
10.8 Promissory Note to William G. Forhan*
23.1 Consent of Baum and Company, P.A., Certified Public Accountants
23.2 Consent of Wolfe & Wolfe, Certified Public Accountants
31.1 Section 302 Certifications
31.2 Section 302 Certifications
32.1 Certifications Pursuant to 18 U.S.C. Section 1350, as adopted by Section 906 of the Sarbanes- Oxley Act of 2002.
32.2 Certifications Pursuant to 18 U.S.C. Section 1350, as adopted by Section 906 of the Sarbanes- Oxley Act of 2002.

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 2 BACK PRINT THIS PAGE CLOSE WINDOW


Exhibit 23.1


CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


INVICTA GROUP, INC.
9553 Harding Avenue, Suite 301
Miami Beach, FL 33154


We hereby consent to the incorporation in the Annual Report on Form 10-KSB to be filed with the Securities and Exchange Commission of our report dated September 27, 2005, with respect to the financial statements of INVICTA GROUP, INC. for the year ended December 31, 2004.

October 11, 2005


Baum & Company, P.A.


Joel Baum
/s/ Joel Baum, CPA

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 3 BACK PRINT THIS PAGE CLOSE WINDOW


Exhibit 23.2


CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS


INVICTA GROUP, INC.
9553 Harding Avenue, Suite 301
Miami Beach, FL 33154

We hereby consent to the incorporation in the Annual Report on Form 10-KSB to be filed with the Securities and Exchange Commission of our report dated 4/14/04, with respect to the financial statements of INVICTA GROUP, INC. for the year ended December 31, 2003.


October 11, 2005


Wolfe & Wolfe CPA


/s/ Larry Wolfe
Larry Wolfe, CPA

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 4 BACK PRINT THIS PAGE CLOSE WINDOW


Exhibit 31.1
CERTIFICATION

Certification required by Rule 13a-14(a) or Rule 15d-14(a)
Section 302 of the Sarbanes-Oxley Act of 2002

I, William G. Forhan, certify that:

1. I have reviewed this Annual Report on Form 10-KSB of Invicta Group, Inc.;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)) for the registrant and have:


(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.







Date: October 11, 2005 By: /s/ William G. Forhan

--------------------------------------------------------------------------------

William G. Forhan
President and Chief Executive Officer

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 5 BACK PRINT THIS PAGE CLOSE WINDOW
Exhibit 31.2


CERTIFICATION

Certification required by Rule 13a-14(a) or Rule 15d-14(a)
And under Section 302 of the Sarbanes-Oxley Act of 2002

I, Richard David Scott, certify that:

1. I have reviewed this Annual Report on Form 10-KSB of Invicta Group, Inc.;


2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;


3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;


4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:


(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):


(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.







Date: October 11, 2005 By: /s/ Richard David Scott

--------------------------------------------------------------------------------
Richard David Scott
Chief Financial Officer

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 6 BACK PRINT THIS PAGE CLOSE WINDOW

Exhibit 32.1
CERTIFICATION

Certification of Chief Executive Officer
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350

In connection with the Annual Report of Invicta Group, Inc. (the “Company”) on Form 10-KSB for the year ended December 31, 2004 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, William G. Forhan, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and


2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods presented in this Report.










Date: October 11, 2005 By: /s/ William G. Forhan

--------------------------------------------------------------------------------
William G. Forhan
President and Chief Executive Officer

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 7 BACK PRINT THIS PAGE CLOSE WINDOW

Exhibit 32.2
CERTIFICATION

Certification of Chief Executive Officer
Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350

In connection with the Annual Report of Invicta Group, Inc. (the “Company”) on Form 10-KSB for the year ended December 31, 2004 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard David Scott, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, and


2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company at the dates and for the periods presented in this Report.








Date: October 11, 2005 By: /s/ Richard David Scott

--------------------------------------------------------------------------------
Richard David Scott
Chief Financial Officer

[SlayGrosswildjaeger]

IVGA wurde anfang August in einer Analyse zum Kauf empfohlen. In den letzten Wochen ist der Kurs wieder etwas zurückgekommen und bietet auf dem jetzigen Niveau erneut eine interessante Einstiegs möglichkeit. Heute wurde nun das lang erwartete 10K Filing veröffentlicht zudem sollen die Quartalsberichte in Kürze folgen. Die Wiederaufnahme am OTC:BB und auch das Listing in Deutschalnd sollen ebenfalls in den nächsten Wochen erfolgen. Zudem wurdel eine Umstrukturierung bekannt gegeben . Die Gesellschaft plant den Spin Off zweier Geschäftsbereiche. Die Beteiligungsgesellschaften sollen zudem auch an der OTC:BB notiert werden.

Das Hauptgeschäft im Reise bereich soll dann in der 100% Tochter www.Travelhotlink.com und www.dontpayfullfare.com konzentriert werden.Hier besteht auch nach unserer Meinung das größte Potential.

Bei einem aktuellen Kurs von 0,002 USD wird die Gesellschaft mit gerade einmal ca. 440 TSD USD bewertet. Alleine die Beteiligungen an den Spin Offs dürfte mindestens das fünffache Wert sein. Wir raten auf dem jetzigen Niveau zum Kauf mit einem Kursziel von 0,01 bis Ende des Jahres.


Kürzel: IVGA.PK ( notiert nur in USA am Pinksheets)

[SlayGrosswildjaeger]

http://www.small-cap-news.de/pnews/extern/newsdetail.php?new…

[SlayGrosswildjaeger]

#90 von Doomerator 07.10.05 13:51:12 Beitrag Nr.: 18.179.456
Dieses Posting: versenden | melden | drucken | Antwort schreiben

für alle wartenden:

nur mal ein gedankenanstoß, ivga hatte vor einiger zeit eine datenbank mit 100mio reisewilligen erworben, mal eine simple rechnung: 0,1% dieser leute buchen bei ivga für 100$, das macht schon 10mio$ umsatz...

[SlayGrosswildjaeger]

[posting]18.262.800 von wallstone am 13.10.05 17:20:52[/posting]Aber schlimm ist es doch auch nicht!! Diskutieren können wir doch wieder hinterher!!

[SlayGrosswildjaeger]

...es geht jetzt erst richtig los!! Die Quartalsfilings stehen noch aus!! Die kommen aber bald! Dann werden Empfehlungen nicht mehr lange auf sich warten lassen!!
Die erste haben wir ja schon!! LOL

[SlayGrosswildjaeger]

Wenn wir dann erstmal wieder an der OTC notieren und das eine Berliner Notierung mit sich zieht...ohoh!!! Dann wird Freude aufkommen, denke ich! (Demnächst in Ihrem Kino!)

[wallstone]

slay ist wieder am jagen !!!

[SlayGrosswildjaeger]

[posting]18.263.260 von wallstone am 13.10.05 17:39:29[/posting]LOOOOOL!

hier bin ich - hier bleib ich!!!

[SlayGrosswildjaeger]

Hallo an alle Investierten hier, und die, die es noch werden wollen!!

Stellt lieber mal alle Eure Shares zum Vielfachen ultimo in den VK!! ...damit sie nicht an Hedger/Shorties von Eurer Bank verliehen werden können!!!
Dann helfen wir aktiv mit, das das Ding ab geht, sag ich Euch!! Dann haben wir unsere Rakete!! Dann gibts nämlich weniger LEERVERKÄUFE!!!

Los auf geht`s, alle ne VK Order zum Vielfachen des jetzigen Kurses reinstellen - ultimo - versteht sich (also bis z.B. 31.12.2009), damit Ihr sie nicht die ganze Zeit erneuern müsst, die VK Orders!!! (Falls es bei Euch kostenlos ist gilt ultimo wahrscheinlich nur immer bis Monatsende, dann halt immer am 1. des Monats VK ORDER erneuern!!) Gebt am besten Eure Kursziele als Limit ein!!

Klar der Kurs wird früher oder später sowieso anfangen zu steigen (bzw. explodieren/ausbrechen), denke ich, aber somit können wir es beschleunigen, meine ich und viele andere die sich etwas auskennen im Geschehen!

Egal ob es 5 Piepen kostet oder so (bei mir kostet es nichts!!:cool, es lohnt sich seine Aktien LONG zu setzen, meiner Meinung nach, und nicht nur meiner Meinung nach, sondern es ist auch die aller anderen, die das Börsengeschehen einigermassen durchschaut haben, und über Hedge/Shortiemachenschaften bescheid wissen aber wollen das der Kurs steigt und nicht runtergeshortet wird sondern gen Norden marschiert! (das gilt natürlich auch für Zocker, denen ist vielleicht auch nen SL zu empfehlen, damit sie aus dem Markt sind die Shares aber besser drüber ne VK damit kein SL Fishing betrieben wird! Meine Meinung) Zocker können aber auch das gleiche machen, also oberhalb des Kurses ne VK Order reinstellen, man kann die VK Order doch jederzeit ändern, wenn man verkaufen will einfach rausnehmen und mit dem Limit raushauen das man sich halt setzt zu dem Zeitpunkt!

Ich stell meine Shares meistens zu 10 Euro oder 1 Euro bei manchen auch nur 10 Cent zum Verkauf rein!!

Sonst werden sie nämlich ohne das WIR gefragt werden an Shorties/Hedger von Euren Instituten verliehen!! Muss nicht sein, aber kann sein, die dürfen aber keine Aktien verleihen für die ne VK Order gesetzt wurde!!

Wenn Ihr das alle macht und das wären MULTIMILLIONEN Stücke, dann sind diese alle zum VK eingestellten Shares gesperrt also nicht mehr verleihbar!!!! und somit aus dem Markt raus!!!!

Das gleiche gilt für Stopp Loss Orders!! Aber nicht unbedingt zum Empfehlen, da oft SL Fishing betrieben wird!!
Zum Zocken ist es manchmal besser SL`s zu setzen, aber nicht für LONGIES die den GROSSEN AUSBRUCH und dies auch noch STEUERFREI mitmachen wollen! (So einer bin halt ich, micht interessieren Tagesschwankungen überhaupt nicht, ob Ihr mir das glaubt oder nicht!! Mit Schnuppe! Ich bin absolut LONG in meinen Werten, klar hab ich auch schon mal bischen hin und her gesprungen, bin jetzt aber ULTIMO investiert mit allen meinen Werten!! Finales Depot sozusagen!! Alles OTC Werte..bzw. auch 1 Wert der gerade dabei ist wieder an die OTC zurückzugehen!!

LG SLAY

...und macht doch bitte alle ne VK ORDER REIN zu Euren Kurszielen!! BITTE BITTE!!

[wallstone]

aktionärsnews ist da... jetzt gehts ab !!!


Press Release Source: Invicta Group Inc.


Invicta Group Inc. Annual Results and 10K Filing
Friday October 14, 9:00 am ET


MIAMI BEACH, FL--(MARKET WIRE)--Oct 14, 2005 -- Invicta Group Inc. (Other OTC:IVGA.PK - News) announced today the filing of their 10K.




Invicta generated sales exceeding $10 Million for the year ending 12/31/2004, with revenues totaling $734,402 compared to 2003 revenues of $7,806. The operating loss for 2004 was $1,970,734 plus the company wrote off $1,322,221 Intangible Assets resulting in a total loss of $3,292,955 for calendar year 2004; Invicta losses for the same period 2003 were $905,402. The loss per share for 2004 were ($.055) compared to 2003 loss per share ($.028).

Invicta will prepare their 10Q for the past two quarters in October and the 3rd Quarter will be prepared by November 1st. Invicta will request trading on the OTCBB exchange as soon as they are compliant with their financials thru 9/30/2005.

Invicta has not had sufficient funds to market their 6 subsidiaries in 2004 or 2005 and revenues have not generated positive earnings for the company. Invicta management has decided to Sell two subsidiaries: Casino Rated Players and ISIP telecom Inc., and receive stock from the companies. The two companies will submit Registrations for approval to become public trading, providing stock value that Invicta can add to its Balance Sheet.

Invicta will focus on its business model as a technology and Internet media company. Travel Hot Link (www.travelhotlink.com) will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via emails to travel enthusiasts that are seeking a discounted travel product. The products THL will offer are: cruises, air transportation, car rentals, hotel rooms and travel packages from Tour Operators.

Invicta management believes it can generate profits by focusing on THL and will also continue to sell Cruise and Las Vegas packages via their respective websites: www.cruiseexcitement.com and www.lasvegasexcitement.com.



Contact:
Additional information:
Contact David Scott
COO
[e-mail]
http://www.invictatravelgroup.com

[Doomerator]

bid: 0,0021
ask: 0,0025

rt: 0,0025 +25%

[wallstone]

28-29 wir breaken gerade den abwärtstrend... wir könnten heute noch das zwischenhoch von juli testen.. das lag bei 45 !!!

[wallstone]

da is ja heute heftiger handel... besser wenn ein pessimist seine stücke raushaut und den kursdrückt als wenn er oben abfischt... die stücke sind jetzt aus dem markt und nach oben ist wieder luft !!!! da kommen jetzt neue käufer rein die positiv gestimmt sind...

[Doomerator]

im moment:

rt: 25
bid: 23
ask: 25

[Doomerator]

rt: 0,0025

bid: 0,0024
ask: 0,0026

[SlayGrosswildjaeger]

April 11, 2005 - 10:37 AM EDT
IVGA 0.0025 0.0005

Today 5d 1m 3m 1y 5y 10y



Invicta Group Inc. Launches Travel Hot Link, Internet Media Website
Invicta Group Inc. (OTC BB: IVGA) announced today the launch of its newest subsidiary, Travel Hot Link: www.travelhotlink.com. The site is a B-2-C website offering discounted travel from Travel Suppliers world wide. Travel Hot Link will send 10 Million Emails weekly to its Email database of 40 million travel enthusiasts, reaching the 40 million on a monthly basis.

The site will offer discounted air, hotels, car rentals, cruises, travel packages created by tour operators, and entertainment values, the traveler will link to desired Travel Suppliers website and buy directly; with no middleman mark-up.

Travel Hot Link will offer weekly discounted travel deals, promoting 10 to 25 products; plus Travel Suppliers can display Banner ads and list their product under the respective category shown monthly on the Travel Hot Link website.

Travel Hot Link www.travelhotlink.com begins marketing to Travel Suppliers, this week, offering 50% media discounts for the next 2 months. Revenues are generated from media advertising from Travel and Entertainment Suppliers.

Bill Forhan, CEO, states, "We will offer travel and entertainment companies an alternative media resource to market their perishable products, last minute, via the internet to a targeted audience of travel enthusiasts that are seeking a discounted travel product."

About Invicta Group Inc.

Invicta Group Inc. is a technology company that specializes in the Travel and Entertainment Industries. The company has three primary divisions: Travel; Entertainment; and Technology, all of which either are exclusively comprised of online or web-based businesses, or are comprised of entities that provide technology and/or services to Invicta`s various web-based subsidiaries. Online travel is the Internet`s largest commerce sector with expectations of sales increasing to $71 billion in 2006. For more information, please visit Invicta`s corporate website: www.invictatravelgroup.com

Invicta Group Websites:

www.travelhotlink.com - Offers Travel Suppliers deals online

www.dontpayfullfare.com - Air, Hotel, Car Rentals, online

www.airplan.com - International Air Consolidator

www.lasvegasexcitement.com - Las Vegas tour and vacation packages

www.cruiseexcitement.com - best rates from Cruise Lines

www.casinoratedplayers.com - free casino rooms, qualified Players

www.isiptelecom.com - offers VoIP long-distance services


Invicta Group Inc.
Bill Forhan, 954-784-8280
or
Investor Relations:
Equitilink LLC
877-788-1940 (toll-free)
858-824-1940 (local or international)



Source: Business Wire (April 11, 2005 - 10:37 AM EDT)

News by QuoteMedia
www.quotemedia.com

[SlayGrosswildjaeger]

April 15, 2005 - 9:45 AM EDT
IVGA 0.0025 0.0005

Today 5d 1m 3m 1y 5y 10y



Stock Report on Invicta Group Inc. (OTC BB: IVGA) Available for Download
Invicta Group Inc. (OTC BB: IVGA) shareholders, and interested investors, seeking a thorough, current Company Profile and Fact Sheet on Invicta Group Inc. are encouraged to download a copy of a new report prepared recently as part of the Company`s Investor Relations program with Equitilink LLC.

The IVGA Stock Report in PDF format is available for download by simply selecting the following link. The file will begin downloading immediately: (www.equitilinkpr.com/pdf/IVGA Report 040405.pdf).

Alternately, investors may call Equitilink to request a copy of the report be sent via email or fax, or hardcopy mailed. Investor Relations Representatives in Equitilink`s La Jolla, California, offices are available toll-free (877-788-1940) from 7:30am to 4:00pm PDT daily.

About Invicta Group Inc.

Invicta Group Inc. is a technology company that specializes in the Travel and Entertainment Industries. The company has three primary divisions: Travel; Entertainment; and Technology, all of which either are exclusively comprised of online or web-based businesses, or are comprised of entities that provide technology and/or services to Invicta`s various web-based subsidiaries. Online travel is the Internet`s largest commerce sector with expectations of sales increasing to $71 billion in 2006. For more information, please visit Invicta`s corporate website: www.invictatravelgroup.com.



Source: Market Wire (April 15, 2005 - 9:45 AM EDT)

News by QuoteMedia
www.quotemedia.com

[SlayGrosswildjaeger]

April 18, 2005 - 12:21 PM EDT
IVGA 0.0025 0.0005

Today 5d 1m 3m 1y 5y 10y



Invicta Group Inc. Acquires VoIP Inc.
Invicta Group Inc. (IVGA) and its wholly owned subsidiary ISIP Telecom Inc. have purchased a California company called VoIP Inc. VoIP Inc. sales volume for last year was $1.1 million and their pre tax profits exceeded $100,000. VoIP Inc. is a Delaware Corporation established in 2002 and headquartered in Southern California.

The Company`s goal is to become one of the most complete and comprehensive sources of discounted products and services for the ever-expanding VoIP industry.

VoIP Inc. specializes in selling equipment to the VoIP market including hardware and software, and is one of the largest resellers of Cisco products in the telecommunication marketplace.

VoIP has clients in Latin America, the Middle East, USA and Canada; VoIP Inc. brings to ISIP a large network of carriers worldwide, and experienced senior management; 20 years combined experience in the telecommunication industry.

David Scott, C.O.O. of Invicta, says, "ISIP`s business plan is to grow internally and acquire companies with sales and profits. The acquisition of VoIP Inc. increases revenues $1.1 million a year and profits exceeding $200,000. We are excited to have VoIP management team join Invicta."

Invicta Group Inc. is a technology company that specializes in the Travel and Entertainment Industries. The company has the following three divisions:

-- Travel: offering airline tickets, hotel rooms, car rentals on the Internet 24/7, www.dontpayfullfare.com; an international air consolidator offering non published rates to travel agents, www.airplan.com; a Las Vegas tour operator offering travel and entertainment products, www.lasvegasexcitement.com; a cruise only agency, www.cruiseexcitement.com; a media site offering Travel Suppliers database marketing, www.travelhotlink.com

-- Entertainment: offering complimentary Casino Resorts rooms to qualified players at 30 casinos in North America and the Caribbean, www.casinoratedplayers.com

-- Technology: ISIP Telecom Group, Inc. (www.isiptelecom.com), which provides the ability to make telephone calls worldwide via the Internet with clear reception at low rates via VoIP


Investor Relations:
Equitilink LLC
Andy Arms, 877-788-1940



Source: Business Wire (April 18, 2005 - 12:21 PM EDT)

News by QuoteMedia
www.quotemedia.com

[SlayGrosswildjaeger]

July 7, 2005 - 9:00 AM EDT
IVGA 0.0025 0.0005

Today 5d 1m 3m 1y 5y 10y



Invicta Group Inc. Shareholder Update
MIAMI BEACH, Fla., July 7, 2005 (PRIMEZONE) -- Invicta Group Inc. (Pink Sheets:IVGA) announced today a Shareholder Update on the company.

Invicta Group is experiencing delays in completing its annual audits and also the first quarter report. The result of which has relegated Invicta to the Pink Sheets. IVGA continues to work with our auditors and hopes to have the 10K filed shortly, followed by the 3/31/05 10Q. The company will file for OTCBB trading thereafter and will work to improve our communications to the public and timely filings of its 10Q and 10K in the future. IVGA can be found online at www.pinksheets.com

Invicta Group Inc. (IVGA) depends on future sales and profits. IVGA has not been able to cover expenses on its subsidiaries in 2004, in spite of sales exceeding $10 million. The company has been under capitalized from the day it became a public company. Marketing dollars have not been available to brand the subsidiaries; also margins are to low in certain sectors of the marketplace, the high cost of staffing and running call centers, versus generating sales on the internet, has resulted in losses for the calendar year 2004.

The management team has been successful in downsizing its staff and releasing expensive employees inherited from acquisitions made in 2004, and has shut down subsidiaries that were losing money and more importantly, started a new subsidiary, Travel Hot Link; an Internet media company that sells advertising to travel suppliers online, generating revenues from advertising income on its website, www.travelhotlink.com

Invicta Group announced, 4/12/05, the launch of its newest subsidiary, Travel Hot Link, www.travelhotlink.com. The site is a B-2-C website offering discounted travel from travel suppliers worldwide. Travel Hot Link will send 10 million e-mails weekly to its e-mail database of 40 million opt-in travel enthusiasts, reaching the 40 million on a monthly basis.

Bill Forhan, CEO, stated: "We will offer travel and entertainment companies an alternative media resource to market their perishable products, last minute, via the Internet to a targeted audience of travel enthusiasts that are seeking a discounted travel product."

Our team of website builders and graphic designers has been hard at work revamping some of our existing sites and building new ones.

We have just launched our newest site, www.onlyfirstandbusiness.com . This site is dedicated to providing international airline discounts directly to the public of up to 70% on first class and business class fares on a large number of the world`s most recognized airlines.

Additional information on the company will be available after the 10K is filed.

CONTACT: Invicta Group Inc.
Investor Relations:
David Scott, COO
[phone]
www.invictatravelgroup.com



Source: PrimeZone (July 7, 2005 - 9:00 AM EDT)

News by QuoteMedia
www.quotemedia.com

[SlayGrosswildjaeger]

Das langersehnte 10-Q Filing:

es geht jetzt Schlag auf Schlag! Die Q filings 1,2,3 , weitere Empfehlungen?, spinnoffs (2 stück) kostenlose Zusatzaktien also!! Ne!! Notierung an der OTC, sind ja gerade noch bei den Pink Sheets!!

usw. usw.



lg Slay

[SlayGrosswildjaeger]

INVICTA GROUP INC: 10KSB, Sub-Doc 1 BACK PRINT THIS PAGE CLOSE WINDOW

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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549


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FORM 10-KSB


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x Annual report under Section 13 or 15(d) of the Securities Exchange Act of 1934


For the Fiscal Year Ended December 31, 2004.


o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934


For the Transition Period From _______ to _______.


Commission File Number: 333-102555


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INVICTA GROUP INC.
(NAME OF SMALL BUSINESS ISSUER IN ITS CHARTER)


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Nevada 91-2051923
(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)

9553 Harding Avenue, Suite 301
Miami Beach, FL 33154
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

Registrant`s telephone number, including area code: [phone]



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Securities Registered Pursuant to Section 12(b) of the Act: Common Stock par value $.0001 per share


Securities Registered Pursuant to Section 12(g) of the Act: None


Check whether the issuer: (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 __ No _X_


Check if there is no disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is contained in this form, and no disclosure will be contained, to the best of registrant`s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB. [ X ]


The issuer`s revenues for its most recent fiscal year were approximately $734,402.

The aggregate market value of the Common Stock held by non-affiliates of the Registrant, based upon the average of the closing bid and ask price of the Common Stock on the OTC Bulletin Board system on October 11, 2005 of $.0021, was proximately $498,895. Shares of Common Stock held by each officer and director and by each person who may be deemed to be an affiliate have been excluded.

The number of shares of common stock outstanding as of September 30, 2005 was 237,569,367.



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TABLE OF CONTENTS
Part I.









Item 1. Business Page 4
Item 2. Properties Page 5
Item 3. Legal Proceedings Page 6
Item 4. Submission of Matters to a Vote of Security Holders Page 6

PART II

Page 6

Item 5. Market for Registrant’s Common Stock and Related Stockholder Matters Page 6
Item 6. Management`s Discussion and Analysis of Financial Condition and Results of Operations Page 7
Item 7. Financial Statements Page 10
Item 8. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure Page 28
Item 8A. Controls and Procedures Page 28

PART III

Page 28

Item 9. Directors and Executive Officers of the Registrant Page 28
Item 10. Executive Compensation Page 30
Item 11. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Page 31
Item 12. Certain Relationships and Related Transactions Page 32
Item 13. Exhibits and Reports on Form 8-K Page 33
Item 14. Principal Accountant Fees and Services Page 34



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Table of Contents

FORWARD - LOOKING STATEMENTS AND IMPORTANT
FACTORS AFFECTING FUTURE RESULTS

Our disclosure and analysis in this report contains some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. They use words such as “anticipate”, “believe”, “expect”, “estimate”, “project”, “intend”, “plan”, and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, prospective products or product approvals, future performance or results of current and anticipated products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results. From time to time, we also may provide oral or written forward-looking statements in other materials we release to the public.

Any or all of our forward-looking statements in this report and in any other public statements we make may turn out to be wrong. They can be affected by inaccurate assumptions we might make or by known or unknown risks or uncertainties. Many factors mentioned in the following discussion - for example, product development, competition, and the availability of funding - are important in determining future results. Consequently, no forward-looking statement can be guaranteed. Actual future results may vary materially.

We undertake no obligation to publicly update any forward-looking statements, whether as the result of new information, future events, or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our 10-QSB, 8-K, and 10-KSB reports to the SEC. Also note that we provide the following cautionary discussion of risks, uncertainties, and possibly inaccurate assumptions relevant to our business. These are factors that we think could cause our actual results to differ materially from expected and historical results. Other factors besides those listed here could also adversely affect us.


The information set forth in this Report on Form 10-KSB including, without limitation, that contained in Item 6, Management`s Discussion and Analysis and Plan of Operation, contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report.



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Table of Contents


PART I


Item 1. DESCRIPTION OF BUSINESS


Invicta Group began its business in July 2000 by offering airline tickets and other travel-related products and services over the telephone and has expended to offering them over the Internet. Invicta Group is a holding company that owns 6 subsidiary in the Travel, Entertainment and Telecom Industries.

IVGA has been unsuccessful generating profits from its subsidiaries in 2004, in spite of sales exceeding $10 million (revenues were $734,402). The company has been under capitalized from the day it became a public company. Marketing dollars were not available to brand the subsidiaries, margins were too low, and the high cost of staffing call centers, versus generating sales on the internet, resulted in operational losses exceeding $1.5 million for the calendar year 2004.

The stock price dropped from $.15 in January 2004 to less than 2/10 of a cent October 2005. The reasons for decreased value is the continued losses from operations, and the equity financing needed to resolve the under capitalized status of the company. The equity financing has supported the survival of IVGA, but the marketmakers and public continue to sell stock at the Bid price resulting in “death spiral” of IVGA stock. Management is forced to continue selling shares for cash proceeds, but is seeking a loan that will replace the equity funding. Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The company is seeking new equity funding and will begin marketing and generating revenues after funds have been received.

The future of IVGA needs to change. Management has downsized staffing and expensive employees inherited from acquisitions made in 2004, and has agreed to (1) change its business model from a call center reservation to virtual call center (eliminating office rent, phone cost, and staffing); and (2) more importantly starting a new subsidiary that sells advertising to travel suppliers online, generating revenues from advertising income on its website: www.travelhotlink.com

Travel Hot Link will offer discounted travel to its database of 40 million travel enthusiasts that are seeking travel bargains online. The traveler selects the travel supplier it desires by clicking on to its web address linking the traveler and supplier together to complete the purchase. Travel Hot Link does not get involved with the reservation; its revenues are generated from the Travel Supplier that advertises its travel products online.

IVGA has created the Travel Hot Link website and needs to hire staff to generate revenues. Funding again becomes the question and the problem.


Invicta has three opportunities to raise money: 1) Hire Consultants (out source) to manage the website and telemarket prospective Travel Suppliers (customers) using S-8 stock for currency; 2) Equity Funding via a SB-2 Registration for 300 million shares in an effort to raise $300,000 to $500,000; 3) Promissory Note using Preferred stock as collateral, size of note needed is $500,000.

Invicta is currently negotiating funding opportunities that will be used for the implementation of Travel Hot Link’s business plan.

Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The Company is seeking new equity funding and will begin marketing and generating revenues after funds have been received.


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Table of Contents

Travel Hot Link has competitors; Travel Zoo is best known for selling media online to travel suppliers. Travel Zoo is a public company that has over 300 clients that spent over $33 million in 2004, resulting in excess of $11 million pre tax income in 2004. TZOO market cap is currently over $500 million. The success of TZOO is encouraging to IVGA management, they believe there is a market for a new company to compete effectively as the marketplace grows and more travelers use the Internet to purchase travel.


Travel Hot Link will use a database of 40 million to compete with TZOO database of 8 million travel enthusiasts. Travel Hot Link will offer discounts to its initial potential customers and IVGA management will personally contact travel suppliers to enhance the success of Travel Hot Link and IVGA.


The new business model and new subsidiary offers IVGA the opportunity for survival and additional funding should provide the capital resource to generate a profit in 2006. Management believes a profitable company will increase stock value and assure survival.


Invicta plans to Spin -Off two subsidiaries and receive stock of the new companies; they will file Registrations to become public companies trading on the OTCBB exchange and sell their Securities in an effort to raise Equity funding and implement their respective business plans. Invicta will benefit with a stronger Balance Sheet of the stock of the subsidiaries they Spin Off (Casino Rated Players and ISIP Telecom Inc.)


Invicta will close two subsidiaries: Airplan Inc and Don’t Pay Full Fare, both companies are in the airline ticketing business, the small margins and expensive Branding cost prohibit profits; the energy will be focused on the two remaining subs.


Invicta will market two remaining subsidiaries via Travel Hot Link and print advertising: Cruise Excitement www.cruiseexcitement.com and Las Vegas Excitement www.lasvegasexcitement.com, if they are successful in raising equity funding for their marketing campaigns.




Item 2. DESCRIPTION OF PROPERTY


Travel Hot Link (THL) website www.travelhotlink.com offers travel suppliers the opportunity to sell perishable inventory at a discount to travelers that are seeking a travel deal. The website focuses on several products in the travel industry and breaks them into categories: Hotels , Car Rentals, Air Transportation, Cruises, Travel Holiday Packages and then offers specific locations of the product: Car Rentals…(N America, Europe, Asia, etc); Cruises…(Caribbean, Alaska, Hawaii etc.).


THL will also promote top 10 destinations on the Home Page each month, highlighting the suppliers, and receiving additional revenue for their strategic placement.

Travel Suppliers will pay Travel Hot Link to send Emails to Travel Enthusiasts; the viewer will link directly to interested supplier; and purchase from the supplier.



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Table of Contents

PRODUCTS AND SERVICES


Invicta will offer Cruise Vacations and Las Vegas Products, if they are successful in raising over $300,000 from the sale of its stock. The stock price will have to climb to over 5 cents/share in order for Invicta to raise additional equity funding; the initial $300,000 will be targeted for Travel Hot Link.


The services offered by the subsidiaries will be a call center to personally handle reservations and a website: www.cruiseexcitement.com; www.lasvegasexcitement.com. The websites will both offer air transportation, cabins/rooms, car rentals, and inclusive travel packages.

Item 3. Legal Proceedings.


"Invicta received on 1/15/05 a law suit from the owners of Jamaican Travel Services claiming a Breach of Purchase Agreement and cancellation of Employment Contract with Invicta. Invicta entered a Purchase Agreement with Jamaican Travel 6/12/04 and rescinded the Agreement due to lack of due diligence information on 8/22/04. Invicta answered plaintiff’s complaint by wholly denying plaintiff’s claims and alleging in a counterclaim that plaintiffs are indebted to Invicta in the amount of $25,000 for misappropriated funds and $16,000 airline tickets paid on behalf of the plaintiffs. The case has been assigned to non-binding judicial arbitration, expected in Oct/Nov 2005. As for the range of potential damages if plaintiff’s claims prevail is $92,000, less up to potential $25,000 misappropriation, plus attorney fees and costs. If Invicta prevails, it will recover its attorney’s fees and costs. "


Item 4. Submission of Matters to a Vote of Security Holders.

None.


Part II


Item 5. Market for Common Equity and Related Stockholder Matters


Market for the Shares:


Invicta Group`s common stock quoted on the OTC Bulletin Board under the trading symbol of "IVGA". Quotations began on October 26, 2003. The high and low bid quotations for Invicta between that date and the date hereof have been $.45 and $.0018 per share.

Invicta Group`s common stock is owned of record by approximately 1100 shareholders. Invicta Group management team has 3,882,636 Options, exercise price is $.25, expiring 1/6/2009. Invicta Group has 237,569,367 shares issued and outstanding. All shares are free trading except 30,495,312 owned by Invicta Group`s directors and officers.


Invicta Group has never paid cash dividends on its common stock. Invicta Group intends to keep future earnings, if any, to finance the expansion of its business, and it does not anticipate that any cash dividends will be paid in the foreseeable future. Invicta Group`s future payment of dividends will depend on its earnings, capital requirements, expansion plans, financial condition and other relevant factors. The board of directors has the sole authority to declare dividends.


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Table of Contents

GENERAL


Invicta Group is authorized by its Articles of Incorporation to issue 1 Billion shares of common stock, par value $.0001 per share, and 50 million shares of preferred stock, par value $.0001per share.


COMMON STOCK

A total of 237,569,367 shares of common stock are issued and outstanding as of 10/3/2005; Invicta authorized is 1 Billion common shares. Each of the common shares has the following rights:


1. To receive its equal share of dividends when the board decides to declare them from Invicta Group`s funds which can be legally used to pay dividends;


2. To receive its equal share of assets in a liquidation, dissolution or winding up of Invicta Group`s affairs, after payment of all debts; and


3. To one vote on election of each director and each other matter submitted to a vote of stockholders. Stockholders do not have cumulative voting rights.

The common stock does not carry a pre-emptive right to purchase additional common stock in the event Invicta Group issues more common stock or the right to convert into any other type of security Invicta Group may issue in the future. Invicta Group is not required to and has not set up any fund to repurchase its common stock. The shares of common stock now outstanding are fully paid, duly authorized and are legal issued and are not assessable.

PREFERRED STOCK


The board of directors is authorized to determine, without stockholder approval, the designations, rights, preferences, powers and limitations of Invicta Group`s 50,000,000 shares of authorized preferred stock immediately prior to issuance of any preferred shares. Invicta Amended Par Value of Common and Preferred Shares to $.0001 January 20, 2005. Invicta Group has issued 175,000 preferred shares.


TRANSFER AGENT AND REGISTRAR


The transfer agent and registrar for Invicta Group`s common stock is Florida Atlantic Stock Transfer, 7130 Nob Hill Road, Tamarac, FL 33321.


Item 6. Management’s Discussion and Analysis or Plan of Operation.


Background


Invicta Group Inc. began its business operations in July 2001 with advertising of discount air travel tickets in newspapers in South Florida, which resulted in limited sales beginning in September of that year . See explanation below of accounting treatment of reverse acquisition, which reflects no sales in 2001 based on the results of operations of Casino Rated Players. Although it introduced its web site, www.dontpayfullfare.com in January 2002, ticket sales have remained confined primarily to the telephone from inception to the date hereof. In early 2002 Invicta Group initiated negotiations for the acquisition of its wholly owned subsidiary, Casino Rated Players, which was completed on July 15, 2002.

Invicta has currently terminated all staff and is receiving minimal revenues, due to lack of working capital. The Company is seeking new equity funding and will begin marketing and generating revenues after funds have been received."


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Table of Contents


Acquisitions

Casino Rated Players began its operations in July 2000, with sales of airline tickets and tour packages. Casino Rated Players introduced its web site, www.casinoratedplayers.com , in March 2001 but did not generate any commission revenues from casinos during that year.


The acquisition of Casino Rated Players by Invicta Group, on 7/15/02 was treated as a purchase in a reverse acquisition in which the subsidiary, Casino Rated Players, is the survivor for accounting purposes, even though Invicta Group is the survivor for legal purposes. Invicta Group issued 13,151,000 of its shares in exchange for the issued and outstanding shares of Casino Rated Players held by that company`s stockholders and an additional one million shares to Mr. Forhan in payment of $500,000 in accrued and unpaid compensation due to him from that company; stock valued at $.50 per share. William Forhan joined the management of Invicta Group Inc. as President CEO July 15, 2002.

ISIP Telecom Group .was acquired January 9, 2004 for 100,000 shares of restricted shares of Invicta valued at $.10/share. ISIP provides the ability to make telephone calls worldwide using the Internet, receiving clear reception at low rates. The platform is based on Cisco Powered network with a robust platform specifically designed to accommodate the delivery of IP-based communication services, includes long distance, IP phone and enhanced services. www.isiptelecom.com


Airplan Inc was acquired February 18, 2004 for $500,000 in Invicta stock and acceptance of $440,000 debt; the shares issued were 1 million. If the value of the stock is not $500,000 by February 18, 2005 (initial date was 8/18/2004, revised on 9/2/2004 to 2/18/2005) Invicta will issue additional shares totaling $500,000; the number shares will be determined by the average stock price of IVGA February 7-18, 2005. Airplan’s President (seller) resigned from Airplan 12/1/04 and from IVGA Board Directors, causing unrepairable damage to Airplan. Latimer had a 5 year Employment Agreement that was assurance to Invicta that Airplan could once again become profitable. Airplan lost contracts with airlines that represented 35% of Airplan’s business within 1 week of Latimer’s departure. Latimer was the key to airline suppliers relationships, his departure began the decline in business that resulted in the closing of Airplan. Invicta management does intend to not pay any future stock to Latimer, due to his resignation 4 years before termination, and only 1 day advance notice.


New Subsidiary Start Up

Las Vegas Excitement Inc (LASE) on March 15, 2004, Invicta Group Inc. announced the opening of its Las Vegas office. Invicta is setting up a inbound tour operation which will offer Las Vegas rooms, car rentals, air transportation, show tickets, limos, sightseeing tours and free rooms to casino qualified players; reservations can be made by phone or on the internet 24/7.The name of the subsidiary is “Las Vegas Excitement Inc.” and can be found online at www. lasvegasexcitement.com . LASE has terminated all staff at its Las Vegas call center and will remain closed until Invicta can raise marketing dollars via equity funding exceeding $300,000.


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Cruise Excitement (CEI) was started July 1, 2004 with offices in Miami Beach. Cruise Excitement is a Cruise only company and has a web site : www.cruiseexcitement.com specializing in cruise sales as a B-2-C company. It sells cruise cabins to individuals, groups and offers Poker Cruises for selected dates. CEI has not had advertising dollars to market cruises, and all employees have been terminated. CEI will begin marketing cruises and hiring of sales staff if Invicta raises more than $300,000 in equity funding.


The following discussion and analysis should be read in conjunction with Invicta Group`s consolidated financial statements included in this report.


Results of Operations

Revenues


Revenues are net commission and fees, there is no cost of sale. Revenues for the year ended December 31, 2004 were $734,402 as compared to revenues of $7,805 for the year ended December 31, 2003. The revenues in both periods were derived principally from the commission and fees earned from the sale of airline tickets. The primary reason for the increase in 2004 over 2003 was the acquisition of Airplan Inc. and start up of two subsidiaries.

Revenues of Airplan are driven principally by marketing to their 6,500 travel agents with Fax and Email communication of international airline seats on sale. Airplan also markets print ads in travel trade publications’ generating new clients and revenues.

Expenses


The major components of general and administrative expenses for twelve months ended December 31, 2004 are Payroll $1,079,531; Marketing $577,386
($426,000 paid in stock); Professional fees $317,981. The total G&A expenses for the year were $2,771,400.


Net Losses

Net loss for the year ended December 31, 2004 was ($3,292,955); loss per share: ($0.055) compared to a net loss of ($905,402); loss per share ($0.028) for the year ended December 31, 2003.

Net Operating Loss was $2,126,037 for the year; The Company wrote off all Intangible Assets from the Balance Sheet, totaling $1,166,918.


Funding


Invicta raised $1,503,595 in 2004 from: $224,595 sale of stock options; $709,000 SB-2 Registration; and $550,000 pre paid debenture from Golden Gate Investors Inc.; and an additional $25,000 was raised with Investor Promissory Notes.

Liquidity

At of December 31, 2004 and 2003, Invicta Group`s current ratios were .116% and .013% respectively. Invicta Group has not generated sufficient revenue in any period to carry its costs of operations, realizing a positive cash flow of $110,859 for year-end 2004. Invicta Group has derived its liquidity principally from the sale of stock in 2004.

Capital Resources

Invicta needs additional capital invested in the company to assure survival; without new equity funding the company cannot survive. Invicta has negotiated a minimum of $300,000 funding from an Institutional Investor upon approval of a new SB-2 Registration of 300 million free trading shares as collateral. The funding could increase to $6 Million equity funding if the stock price exceeds $.03 per share. Invicta management believes THL will be profitable and will increase the value of its stock, increasing equity funding and the success of the company.


9
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Invicta Group, Inc. Financial Statements

TABLE OF CONTENTS

INDEPENDENT AUDITOR`S REPORT 11

CONSOLIDATED BALANCE SHEET 12

CONSOLIDATED STATEMENT OF OPERATIONS 13

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS` EQUITY 14

CONSOLIDATED STATEMENT OF CASH FLOWS 15

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 16-28




10
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Table of Contents

Item 7. Financial Statements.

Report of Independent Registered Public Accounting Firm


The Board of Directors and Shareholders of
Invicta Group Inc.


We have audited the accompanying consolidated balance sheets of Invicta Group Inc. and subsidiaries (a Nevada Corporation) as of December 31, 2004, and the related consolidated statements of operations, changes in stockholders` equity and cash flows for the year then ended. These financial statements are the responsibility of the Company`s management. Our responsibility is to express an opinion on these financial statements based on my audit. The financial statements of Invicta Group, Inc. and its subsidairies as of December 31, 2003, were audited by other auditors whose report dated April 13, 2004, on those statements included that an explanatory paragraph for a going concern.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.


In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Invicta Group Inc. and subsidiaries as of December 31, 2004 and the results of its operations and its cash flows for the year then ended 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 O to the financial statements, the Company incurred significant losses from operations, and because of these losses, the Company has a working capital deficiency, which raises substantial doubts about its ability to continue as a going concern. Management`s plans in regard to these matters are also described in Note L. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


/s/ Baum & Company, P.A.

--------------------------------------------------------------------------------

Coral Springs, Florida
September 27, 2005




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Table of Contents

Independent Auditor`s Report


The Board of Directors and Shareholders of
Invicta Group Inc.

I have audited the accompanying consolidated balance sheets of Invicta Group Inc. and subsidiaries (a Nevada Corporation) as of December 31, 2003, and the related consolidated statements of operations, changes in stockholders` equity and cash flows for the year then ended. These financial statements are the responsibility of the Company`s management. MY responsibility is to express an opinion on these financial statements based on my audit. The financial statements of Invicta Group Inc. and subsidiaries as of December 31, 2002, were audited by other auditors whose report dated April 3, 2003, on those statements included an explanatory paragraph that described the significant losses and working capital deficiency discussed in Note L to the financial statements.

I conducted my audit in accordance with generally accepted auditing standards. Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes, examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. I believe that my audit provides a reasonable basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Invicta Group Inc. and subsidiaries as of December 31, 2003 and the results of its operations and its cash flows for the year then ended 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 L to the financial statements, the Company incurred significant losses from operations, and because of these losses, the Company has a working capital deficiency, which raises substantial doubts about its ability to continue as a going concern. Management`s plans in regard to these matters are also described in Note L. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


Larry Wolfe
Certified Public Accountant

Miami, Florida
April 13, 2004



12
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INVICTA GROUP INC.
CONSOLIDATED BALANCE SHEET
December 31, 2004 and 2003



ASSETS 2004 2003
Current assets:
Cash and cash equivalents $ 148,243 $ 1,759
Accounts receivable 16,157
Prepaid expenses 4,089
Total current assets 168,489 1,759

Property and equipment, net of accumulated depreciation
of $ 30,466 for 2004 and $ 22,966 for 2003 26,176 5,132
Other assets:
Intangible assets, net of accumulated
amortization of $ 8,250 for 2003 and $ 67,174 for 2003 71,750 95,125
Travel bond deposit 71,410
Security Deposits 3,000
Total other assets 146,160 95,125
Total Assets $ 340,825 $ 102,016


LIABILITIES AND SHAREHOLDERS` (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities $ 702,198 $ 43,689
Accrued expenses and other liabilities 445,150
Notes payable and convertible debentures 669,600 54,100
Capital lease obligations 80,999
Deferred officer compensation 554,187 668,250
Total current liabilities 2,452,134 766,039

Long-term debt
Notes Payable - shareholders 276,977 344,146
Total Liabilities 2,729,111 1,110,185

Commitments and contigencies (see note )

Shareholders` (Deficit):
Preferred stock par value $ .001 10,000,000 shares authorized;
none outstanding 0 0
Common stock, par value $ .001, 200,000,000 shares
authorized 114,155,777 issued and outstanding 114,156 34,637
Additional paid in capital 2,640,705 815,386
Notes Receivable related to stock sales
and Subscriptions Receivable (8,000 )
Accumulated Deficit (5,143,147 ) (1,850,192 )
Total Shareholders` (Deficit) (2,388,286 ) (1,008,169 )
Total Liabilities and Shareholders` (Deficit) $ 340,825 $ 102,016


The accompanying notes are an integral part of the financial statements



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Table of Contents

INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF OPERATIONS
For the Two Years Ended December 31, 2004



2004 2003

Commissions earned $ 734,402 $ 7,806

Cost of sales 94,739

Gross margin 639,663 7,806

Selling, general, and administrative expenses 2,741,353 818,208
Asset impairment charge 1,023,753 95,000

Loss from Operations (3,125,443 ) (905,402 )

Other income and (expense)
Interest income 72
Interest expense (35,273 )
Loss on abandonment of assets (143,165 )
Monority interest loss allocation 10,854
Net loss ($3,292,955 ) ($905,402 )

Basic and diluted loss per common share ($0.055 ) ($0.028 )

Weighted average common shares outstanding 60,320,003 32,088,263


The accompanying notes are an integral part of the financial statements



14
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Table of Contents

INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS` (DEFICIT)
For the two years Ended December 31, 2004

Common Stock Additional Paid
Shares $in capital Deficit

Balance December 31, 2002 31,717,200 $ 31,717 $ 498,530 ($944,790 )

Issuance of Common Stock for cash from
January 3, 2003 thru September 19, 2003
@ $ .10 per share 428,000 435 42,365

Issuance of Common Stock issued in
exchange for legal fees at the fair value of the legal
fees @ $.10 per share 539,770 540 53,436

Issuance of Common Stock issued in exchange for
marketing services at the fair value of the marketing
@ $.08 per share 1,310,000 1,310 97,690

Issuance of Common Stock issued in exchange for
Legal fees at the fair value of the legal fees @ $.20
per share 100,000 100 19,900

Issuance of Common Stock for Cash on
September 19, 2003 @ $.15 per share 60,000 60 8,940

Issuance of Common Stock for Cash on
December 9, 2003 @ $.20 per share 125,000 125 24,875

Issuance of Common Stock issued in exchange for
marketing services at the fair value of the marketing
@ $.20 per share 350,000 350 69,650

Net loss for the period ended
December 31, 2003 (905,402 )

Balance December 31, 2003 34,629,970 $ 34,637 $ 815,386 ($1,850,192 )

Issuance of Common Stock for Cash on
January 21, 2004 @ $.08 per share 650,000 650 45,460

Issuance of Common Stock for Cash on
January 21, 2004 @ $.07 per share 450,000 450 31,035

Issuance of Common Stock for cash from
February 6, 2004 thru July 6, 2004
@ $ .10 per share 10,005,000 10,005 978,995

Issuance of Common Stock for Cash on
December 15, 2004 @ $.013 per share 1,000,000 1,000 12,000

Issuance of Common Stock for the acquisition
of Airplan Inc. on February 23, 2004
@ $.14 per share 1,000,000 1,000 139,000

Issuance of Common Stock for the acquisition
of ISIP Telecom, Inc. on , 2004
@ $.10 per share 100,000 100 9,900

Issuance of Common Stock to officers in exchange
for deferred compensation owed @ $.08 per share. 7,765,312 7,765 147,640

Issuance of Common Stock in exchange for
legal, marketing and consultation fees at the fair
value of the services provided. 14,592,470 14,587 612,950

Issuance of Common Stock issued in exchange for
software purchased on May 14, 2005
@ $.10 per share 350,000 350 34,650

Issuance of Common Stock for the payment
on convertible debentures exercised. 43,613,025 43,612 268,188

Write off of stock subscription receivable (454,499 )

Net loss for the period ended
December 31, 2004 (3,292,955 )

114,155,777 $ 114,156 $ 2,640,705 ($5,143,147 )


The accompanying notes are an integral part of the financial statements



15
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INVICTA GROUP INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
For the Two Years Ended December 31, 2004

2004 2003
Cash flows from operating activities:
Net (Loss) $ (3,292,955 ) $ (905,402 )
Adjustments to reconcile net income to net
cash provided by operating activities:
Depreciation 75,890 7,500
Amortization 14,700 25,765
Stock issued for services 537,410 242,976
Asset impairment charge 1,023,753 95,000
Loss on asset abandonment of assets 143,165
Elimination of subsidiary activities prior to purchase (31,263 )
Minority interest loss allocation (10,854 )
Changes in assets and liabilities:
Accounts receivable (8,657 )
Other assets (155,800 )
Accounts payable and accrued expenses 804,514 355,017
Net Cash (used) by Operating Activites $ (900,097 ) $ (179,144 )
Cash flows used in investing activities:
Capital asset expenditures $ (28,714 ) $ -
Net Cash (used in ) Investing Activities $ (28,714 ) $ -
Cash flows from financing activities:
Proceeds from long term debt $ 855,800 $ 170,457
Proceeds from sale of comon stock 609,106 108,800
Payments on long term debt (425,236 ) (102,882 )
Net Cash provided by Financing Activities $ 1,039,670 $ 176,375

Net change in cash and cash equivalents 110,859 (2,769 )

Cash and cash equivalents, beginning of year 37,384 4,528

Cash and cash equivalents, end of year $ 148,243 $ 1,759
Additional Cash Flow Information:
Cash paid during the year for:
Interest (non capitalized) $ 7,765 $ -
Income Taxes $ - $ -


The accompanying notes are an integral part of the financial statements



16
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Table of Contents

INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


NOTE A: DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


1. Organization



The Company was incorporated in Nevada on June 1, 2000 for the purpose of engaging in the travel industry. On July 15, 2002 the Company acquired all of the common stock of Casino Rated Players, Inc. and the transaction was accounted for as a reverse acquisition.


2. Principles of Consolidation



The consolidated financial statements include the accounts of Invicta Group, Inc. and its subsidiary. All significant intercompany transactions and balances have been eliminated in consolidation.


3. Impairment of Long-Lived Assets and Intangible Assets


The Company makes reviews for the impairment of long-lived assets and certain identifiable intangibles whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable under SFAS No. 144. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. During 2004, the Company identified certain web-site development cost, and purchased customer list with a cost of $162,299 and a net book value of $88,675 that required an adjustment for impairment in the amount of $88,675.


Additionally, the company identified goodwill associated with the purchases of both Airplan, Inc., and ISIP Telecom, Inc. with a book value of $935,078 which required an adjustment for impairment in the amount of $935,078


The remaining intangible assets at the balance sheet date consist of web site development and a client list that are carried at cost. The Company amortizes these assets on a straight-line basis over 7 years and 5 years, respectively.


4. Revenue Recognition



The Company derives its revenue from the commissions earned from
travel suppliers, and on the direct sale of travel related products. Revenue is recognized upon the receipt of the commission, or for sale of direct travel products when the actual travel takes place.


5. Income Per Share



The Company has adopted SFAS 128, Earnings per Share issued by the Financial Accounting Standards Board. Basic net loss per share was computed based on the weighted average shares of common stock outstanding and excludes any potential dilution. Diluted net loss per share reflects the potential dilution from the exercise or conversion of all dilutive securities, such as convertible debentures, into common stock. The Company’s outstanding convertible debentures are not included in the computation of basic or diluted net loss per share since they are anti-dilutive. At December 31, 2004 potentially dilutive securities consist of convertible debentures that could be converted into 59,299,063 common shares. At July 30, 2005 potentially dilutive securities consist of convertible debentures that could be converted into 22,732,026 common shares and options that could be converted into 3,822,656 common shares.



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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

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6. Cash



For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.


7. Use of Estimates



The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The most significant estimates included in the preparation of the financial statements are related to asset lives and accruals.


8. Financial Instruments



The Company’s short-term financial instruments consist of cash and cash equivalents, notes payable and accounts payable. The carrying amounts of these financial instruments approximates fair value because of their short-term maturities. Financial instruments that potentially subject the Company to a concentration of credit risk consist principally of cash. During the period the Company did not maintain cash deposits at financial institutions in excess of the $100,000 limit covered by the Federal Deposit Insurance Corporation. The Company does not hold or issue financial instruments for trading purposes nor does it hold or issue interest rate or leveraged derivative financial instruments.


9. Stock-Based Compensation



The Company adopted Statement of Financial Accounting Standard No. 123 (FAS 123), Accounting for Stock-Based Compensation beginning with the Company’s existence. Upon adoption of FAS 123, the Company continued to measure compensation expense for its stock-based employee compensation plans using the intrinsic value method prescribed by APB No. 25, Accounting for Stock Issued to Employees. The Company did not pay any stock-based compensation during the period presented.


10. Comprehensive Income



SFAS No. 130, “Reporting Comprehensive Income”, establishes guidelines for all items that are to be recognized under accounting standards as components of comprehensive income to be reported in the financial statements. To date, the Company has not engaged in transactions which would result in any significant difference between its reported net loss and comprehensive net loss as defined in the statement.


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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


11. Costs of Computer Software



In March 1998, the American Institute of Certified Public Accountants issued Statement of Position 98-1, Accounting for the Costs of Computer Software Developed or Obtained for Internal Use (“SOP 98-1”). SOP 98-1 provides authoritative guidance on when internal-use software costs should be capitalized and when these costs should be expenses as incurred.


Effective January 3, 2001, the Company adopted SOP 98-1, however, the Company has not incurred costs to date which would require evaluation in accordance with the SOP.


12. Segments



Effective January 3, 2001, the Company adopted SFAS No. 131, Disclosures About Segments of an Enterprise and Related Information (“SFAS 131”). SFAS 131 superseded SFAS No. 14, Financial Reporting for Segments of a Business Enterprise. SFAS 131 establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. SFAS 131 also establishes standards for related disclosures about products and services, geographic areas, and major customers. The adoption of SFAS 13 did not affect results of operations or financial position.


13. Property, Plant and Equipment



Property, plant and equipment are stated at cost. Depreciation of plant and equipment is computed principally by the straight-line method based upon the estimated useful lives of the assets, which range as follows:


Office furniture and equipment - 5-7 years
Computer equipment - 5 years


14. Pensions and Other Post-Retirement Benefits



Effective January 3, 2001, the Company adopted the provisions of SFAS No. 132, Employers’ Disclosures about Pensions and other Post-Retirement Benefits (“SFAS 132”). SFAS 132 supersedes the disclosure requirements in SFAS No. 87, Employers’ Accounting for Pensions, and SFAS No. 106, Employers’ Accounting for Post-Retirement Benefits Other Than Pensions. The overall objective of SFAS 132 is to improve and standardize disclosures about pensions and other post-retirement benefits and to make the required information more understandable. The adoption of SFAS 132 did not affect results of operations or financial position.


The Company has not initiated benefit plans to date which would require disclosure under the statement.


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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


15. Derivative Instruments



In June 1998, the Financial Accounting Standards Board issued SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities (“SFAS 133”), which is required to be adopted in years beginning after June 15, 1999. SFAS 133 will require the Company to recognize all derivatives on the balance sheet at fair value. Derivatives that are not hedges must be adjusted to fair value through income. If the derivative is a hedge, depending on the nature of the hedge, changes in the fair value of derivatives will either be offset against the change in fair value of hedged assets, liabilities, or firm commitments through earnings or recognized in other comprehensive income until the hedged item is recognized in earnings. The ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. The Company has not yet determined what the effect of SFAS 133 will be on earnings and the financial position of the Company, however, it believes that it has not to date engaged in significant transactions encompassed by the statement.

16. Advertising Costs



Advertising costs generally will be charged to operations in the year incurred. Advertising expense approximated $180,279 for 2004 and $7,000 for 2003.


17. Environmental Cleanup Matters



The Company expenses environmental expenditures related to existing conditions resulting from past or current operations and from which no current or future benefit is discernable. The Company determines its liability on a site-by-site basis and records a liability at the time when it is probable and can be reasonably estimated.


18. Business Concentrations



As indicated in Note A-4, the Company derives its revenue from commissions earned from travel suppliers and the direct sale of travel related products and, therefore, the Company is subject to the economic conditions of the travel market place. Changes in this industry may significantly affect management’s estimates and the Company’s performance.


19. Income Taxes



The Company adopted Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes”, effective January 3, 2001. Under SFAS, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured by applying enacted tax rates and laws to taxable years in which such differences are expected to reverse.



20. Gains and Losses from Extinguishment of Debt


In May 2002, the FASB issued Statement of Financial Accounting Standards No. 145 “Reporting Gains and Losses from Extinguishment of


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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


Debt”, which rescinded SFAS No. 4, No. 44 and No. 64 and amended SFAS No. 13. The new standard addresses the income statement classification of gains or losses from the extinguishment of debt and criteria for classification as extraordinary items. The new standard became effective for fiscal years beginning after May 15, 2002. The Company adopted this pronouncement on May 1, 2003. The adoption of this pronouncement is not expected to have a material impact on the Company’s results of operations or financial position.


21. Guarantor’s Accounting



In November 2002 the FASB issued FASB Interpretation No. 45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others”. FIN 45 requires certain guarantees to be recorded at fair value, instead of recording a liability only when a loss is probable and reasonably estimable, as those terms are defined in FASB Statement No. 5 Accounting for Contingencies. FIN 45 also requires a guarantor to make significant new disclosures, even when the likelihood of making any payments under the guarantee is remote. The disclosure requirements of FIN 45 are effective for financial statements of interim or annual periods ending after December 15, 2002. The Company adopted the disclosure provisions of FIN 45 effective December 31, 2002 and its adoption is not expected to have a material impact on the Company’s results of operations or financial position.


22. Consolidation of Variable Interest Entities



In January 2003, the FASB issued Interpretation No. 46, “Consolidation of Variable Interest Entities”. FIN 46 clarifies the application of existing accounting pronouncements to certain entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. The provisions of FIN 46 will be immediately effective for all variable interests in variable interest entities created after January 31, 2003, and the Company will need to apply its provisions to any existing variable interests in variable interest entities by no later than December 31, 2004. The Company does not believe that FIN 46 will have a significant impact on the Company’s financial statements.


23. Start-Up and Organization Costs



Start-up and organization costs are accounted for under the provisions of the American Institute of Certified Public Accountants’ Statement of Position (SOP) 98-5, “Reporting on the Costs of Start-up Activities”. Adopted by the Company at its inception, SOP 98-5 provides guidance on the financial reporting of start-up and organization costs and requires such costs to be expensed as incurred. The Company’s adoption of SOP 98-5 will not have a significant effect on its financial position or results of operation.


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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


NOTE B: CONVERTIBLE DEBENTURES PAYABLE

Principal balances outstanding and details of notes payable are summarized as follows:

2004 2003

December 31, 2004. The note is
convertible into company stock @ $.10
per share. The debenture was renewed
during February, 2004. The terms of
the renewal indicate that interest of 10%
will be paid annually, the debenture
is convertible into common stock @
$.10 per share and the term of the
debenture is January 28, 2005. The
debenture was not paid on December 31,
2003 as the holder requested the term
to be extended. $ 10,000 $ 10,000
(Note is in default)


December 31, 2003. The notes are
convertible into company stock @ $.30
per share. These debentures have or
will be paid in 2004. 39,600 34,100
(Note is in default)


July 1, 2004. The debenture is
Convertible into company stock @ $.50
per share. 10,000 10,000
(Note is in default)


Invicta entered into an agreement with Golden Gate
Investors, Inc. for institutional funding.
Invicta Group, Inc, issued multiple
convertible debentures equaling
$855,800 and a warrant to purchase
3,000,000 additional shares at $1.00/share. 550,000 0


Invicta acquired Airplan, Inc. 2/17/2004 and assumed a shareholder loan to the owner of $60,000.
60,000 0


Total Convertible Debentures Payable $ 669,600 $ 54,100


NOTE C: INCOME TAXES PAYABLE


The provision for income taxes consists of the following:


2004 2003

Current -0- -0-
Deferred -0- -0-
Tax Benefit of Net Operating Loss Carryforward -0- -0-

Total -0- -0-



Deferred income taxes arise primarily due to temporary differences in recognizing certain revenues and expenses for tax purposes, the required use of extended lives for calculation of depreciation for tax purposes, and the expected use of tax loss carryforwards in future periods. The components of the net deferred tax asset at December 31, 2004, and 2003 are as follows:



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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


2004 2003

Net operating loss carryforwards $ 4,479,900 $ 1,545,800

Total deferred tax assets $ 4,479,900 $ 1,545,800

Less valuation allowance (4,479,900 ) (1,545,800 )
Net deferred tax assets -0- -0-



A valuation allowance is provided to reduce the deferred tax assets to a level which, more likely than not, will be realized. The net deferred assets reflect management’s assessment of the amount which will be realized from future taxable earnings or alternative tax strategies.


At December 31, 2004, the Company had approximately $4,479,900 of federal and state net operating loss carryforwards available to offset future taxable income. The state loss carryforwards are available indefinitely. The federal net operating loss carryforwards will expire as follows:


2020 $ 238,400
2021 195,800
2022 669,400
2023 442,300
2024 2,934,000
Total $ 4,479,900





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INVICTA GROUP INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2004

--------------------------------------------------------------------------------


NOTE D: CONVERTIBLE DEBENTURE - GOLDEN GATE INVESTORS, INC.


Effective June 7, 2004, Invicta entered into an agreement with Golden Gate Investors for institutional funding. Invicta Group, Inc, issued multiple convertible debentures equaling $855,800 and a warrant to purchase 3,000,000 additional shares at $1.00 per share.


The conversion price of each debenture is based on a discount of the actual trading price of the common stock. Additionally, upon each conversion Golden Gate Investors, Inc. is required to exercise a portion of the warrant. Golden Gate Investors, Inc. has the right to convert to convert to common stock at any time, the conversion price is equal to a 25% discount of the past 20 days average bid price. At no time can Golden Gate Investors, Inc. own more than 4.9% of Invicta’s Outstanding Shares.


During 2004, the Company issued 43,313,025 shares resulting in a reduction of the debenture of $305,800. The outstanding balance of the debenture at 12/31/04 is $550,000.


Golden Gate is charging an interest rate of 7.75% annually for prepayments to the debenture.


NOTE E: NOTES PAYABLE - SHAREHOLDERS


Note payable to shareholders, uncollateralized, payable on the first month after the Company has received $1,000,000 in equity funding in monthly installments of approximately $20,000. Invicta is in default on the payments to shareholders due to a cash flow shortage. Shareholder recognizes default status and will accept 7% interest on note from 1/2/05 until paid in full. The Company plans to begin these payments as soon as the necessary cash flow is available which management expects to be in 2006. Therefore, the entire balance of $ 276,977 is classified as long-term debt for 2004 and $344,146 for 2003. Invicta owes seller of Airplan, Inc. $60,000, but does not intend to pay due to termination of employment contract.


NOTE F: RELATED PARTY TRANSACTIONS

Fareline International, Inc.


As part of the purchase of Airplan, Invicta Group agree to purchase Fairline International, Inc. from the former owner of Airplan, Inc. John Latimer for $60,000 in cash. Closing was set for April 2004, and was subsequently cancelled by Invicta Group. Airplan continued to do business with Fairline, owned by John Latimer. For 2004, sales to Fairline amounted to approximately $25,000. As of December 31, 2004 the Company had an outstanding payable to Fairline of $13,720.

NOTE G: WARRANTS AND OPTIONS


On January 6, 2004 as part of the Company’s agreement with its officer regarding their deferred compensation, the Company granted options to its


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INVICTA GROUP I

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AKTUELL 14.10.05 13.10.05

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Kurszeit 19:48 16:56

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Differenz +0,0005 (+25,00%) +0,000 ( +5,26%)

Eröffnungskurs 0,0025 0,002

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Press Release Source: Invicta Group Inc.


Invicta Group Inc. Annual Results and 10K Filing
Friday October 14, 9:00 am ET


MIAMI BEACH, FL--(MARKET WIRE)--Oct 14, 2005 -- Invicta Group Inc. (Other OTC:IVGA.PK - News) announced today the filing of their 10K.




Invicta generated sales exceeding $10 Million for the year ending 12/31/2004, with revenues totaling $734,402 compared to 2003 revenues of $7,806. The operating loss for 2004 was $1,970,734 plus the company wrote off $1,322,221 Intangible Assets resulting in a total loss of $3,292,955 for calendar year 2004; Invicta losses for the same period 2003 were $905,402. The loss per share for 2004 were ($.055) compared to 2003 loss per share ($.028).

Invicta will prepare their 10Q for the past two quarters in October and the 3rd Quarter will be prepared by November 1st. Invicta will request trading on the OTCBB exchange as soon as they are compliant with their financials thru 9/30/2005.

Invicta has not had sufficient funds to market their 6 subsidiaries in 2004 or 2005 and revenues have not generated positive earnings for the company. Invicta management has decided to Sell two subsidiaries: Casino Rated Players and ISIP telecom Inc., and receive stock from the companies. The two companies will submit Registrations for approval to become public trading, providing stock value that Invicta can add to its Balance Sheet.

Invicta will focus on its business model as a technology and Internet media company. Travel Hot Link (www.travelhotlink.com) will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via emails to travel enthusiasts that are seeking a discounted travel product. The products THL will offer are: cruises, air transportation, car rentals, hotel rooms and travel packages from Tour Operators.

Invicta management believes it can generate profits by focusing on THL and will also continue to sell Cruise and Las Vegas packages via their respective websites: www.cruiseexcitement.com and www.lasvegasexcitement.com.



Contact:
Additional information:
Contact David Scott
COO
[e-mail]
http://www.invictatravelgroup.com

[SlayGrosswildjaeger]

Empfehlung

IVGA wurde Anfang August in einer Analyse zum Kauf empfohlen. In den letzten Wochen ist der Kurs wieder etwas zurückgekommen und bietet auf dem jetzigen Niveau erneut eine interessante Einstiegsmöglichkeit. Heute wurde nun das lang erwartete 10K Filing veröffentlicht, zudem sollen die Quartalsberichte in Kürze folgen. Die Wiederaufnahme am OTC:BB und auch das Listing in Deutschalnd sollen ebenfalls in den nächsten Wochen erfolgen. Zudem wurden eine Umstrukturierung bekannt gegeben. :eekie Gesellschaft plant den Spin Off zweier Geschäftsbereiche. Die Beteiligungsgesellschaften sollen zudem auch an der OTC:BB notiert werden.

Das Hauptgeschäft im Reisebereich soll dann in der 100% Tochter www.Travelhotlink.com und www.dontpayfullfare.com konzentriert werden.Hier besteht auch nach unserer Meinung das größte Potential.

Bei einem aktuellen Kurs von 0,002 USD wird die Gesellschaft mit gerade einmal ca. 440 TSD USD bewertet. Alleine die Beteiligungen an den Spin Offs dürfte mindestens das fünffache Wert sein. Wir raten auf dem jetzigen Niveau zum Kauf mit einem Kursziel von 0,01 bis Ende des Jahres.

Kürzel: IVGA.PK ( notiert nur in USA, noch bei den Pinksheets, nicht mehr lange so wie es aussieht!! Dann ab zur OTC...die q filings und die spinnoffs und so stimmen mich sehr optimistisch!! Ausbruch erfolgt - befinden uns im 2.ten Hype meiner Meinung nach!!)

lg Slay Auf geht`s gen Norden!!!! Gute Reise!!

einsteigen - anschnallen - mitfahren!!!

Meine Meinung; STRONG BUY!!! STRONG BUY!!!

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

AKTUELL 14.10.05 13.10.05

Aktueller Kurs 0,0025 0,002

Währung USD USD

Kurszeit 19:48 16:56

Realtime

Differenz +0,0005 (+25,00%) +0,000 ( +5,26%)

Eröffnungskurs 0,0025 0,002

Tageshöchstkurs 0,0032 0,002

Tagestiefkurs 0,0021 0,002

Marktkapitalisierung - -

Letzter Schlusskurs 0,002 0,002

Schlusskurs-Datum 13.10. 12.10.

Volumen 26.106,23 965,00

Gehandelte Stücke 11 Mio. 495,00 Tsd.

Preisfeststellungen 69 3

[SlayGrosswildjaeger]

Nasdaq Other OTC 0,0025 USD 14.10. 19:48 +0,0005 +25,00% 0,0032 0,0021 26.106,23

[SlayGrosswildjaeger]

Ich kann nur noch wenn ich den Kurs sehe!!

Aber eigentlich ist mir zumute!!

Wobei mittlerweile bin ich nur noch absolut !!

Scheiss auf die Shorties/Hedger!! Das GUTE WIRD SIEGEN!!

[Börsenpfiffi]

VERKAUFEN, vor Totalverlust

Gruß
Börsenpfiffi

[Doomerator]

IVGA -- Invicta Group, Inc.

Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Invicta Group Inc. 1st, 2nd, 3rd Quarter Results



Losses Shrink


MIAMI BEACH, FL, Nov 18, 2005 (MARKET WIRE via COMTEX) -- Invicta Group Inc. (OTC BB: IVGA) announces the 1st Quarter, 2nd Quarter and 3rd Quarter financial results for 2005.

1st Qtr results March 31, 2005: Revenues were $39,994 for the period March 31, 2005: versus $128,429 for the same period in 2004. The decrease in revenues were due to the canceled airline contracts from subsidiary Airplan Inc. Invicta reported losses of $363,275 for the quarter ending March 31, 2005, a loss of ($0.003) per share versus losses of $1,484,329 in March 31, 2004, a loss of ($0.033) per share. The decrease in losses were due to reduction of overhead, and the March 31, 2004 Asset Impairment charge of $1,023,753.

2nd Quarter June 30, 2005: Revenues were $41,439 for the 3 month period ending June 30, 2005: versus $248,877 for the same period in 2004. The decrease in revenues were due to the canceled airline contracts from subsidiary Airplan Inc. Invicta reported losses of $228,660 for the quarter ending June 30, 2005, a loss of ($0.001) per share versus losses of $366,953, in June 30, 2004, a loss of ($0.007) per share. The six month comparisons are: Revenues $81,433 June 30, 2005 vs. $377,306 ending June 30, 2004; Losses for 6 months June 30, 2005 $602,501 vs. $1,851,282 June 30, 2004; a loss per share of ($0.003) June 30, 2005 vs. loss per share of ($0.035) June 30, 2004.

3rd Quarter results September 30, 2005: Revenues were $16,608 for the 3 month period ending September 30, 2005: versus $254,650 for the same period in 2004. The decrease in revenues were due to the canceled airline contracts from subsidiary Airplan Inc. Invicta reported losses of $125,634 for the quarter ending September 30, 2005, a loss of ($0.001) per share versus losses of $389,949 in September 30, 2004, a loss of ($0.006) per share. The nine month comparisons are: Revenues $98,041 September 30, 2005 vs. $631,956 for 9 months ending September 30, 2004; Losses for 9 months September 30, 2005 $728,135 vs. $2,241,231 September 30, 2004; a loss per share of ($0.004) September 30, 2005 vs. loss per share of ($0.040) September 30, 2004.

William Forhan, CEO, states: " Invicta has filed all Quarterly reports for 2005 in compliance with SEC policy; we will request OTCBB trading status immediately. We intend to remain current with all financial reports in the future. We will now get back to restructuring the company with a new business model that will reduce losses further and strive to generate profits. Invicta will focus as an Internet Media Company that specializes in the Travel and Entertainment Industries. Our team of website builders and graphic designers have been hard at work revamping some of our existing sites and building our new business model: www.travelhotlink.com."

CONTACT:
Invicta Group Inc.
David Scott
1-305-206-3335
[e-mail]
SOURCE: Invicta Group Inc.

CONTACT: mailto:[e-mail]

Copyright 2005 Market Wire, All rights reserved.
-0-

SUBJECT CODE: Computers and Software:Internet

[SlayGrosswildjaeger]

...so! IVGA scheint am Boden zu sein!!

[SlayGrosswildjaeger]

AKTUELL 16.12.05 15.12.05

Aktueller Kurs 0,0008 0,0008

Währung USD USD

Kurszeit 20:29 17:52

Realtime

Differenz +0,00 (+0,00%) -0,000 ( -11,11%)

Eröffnungskurs 0,0008 0,001

Tageshöchstkurs 0,0008 0,001

Tagestiefkurs 0,0008 0,001

Marktkapitalisierung - -

Letzter Schlusskurs 0,0008 0,001

Schlusskurs-Datum 15.12. 13.12.

Volumen 0,24 6,40

Gehandelte Stücke 300 8,00 Tsd.

Preisfeststellungen 1 1

[SlayGrosswildjaeger]

10 tage...

[SlayGrosswildjaeger]

1 Monat:

[SlayGrosswildjaeger]

3 Monate:

[SlayGrosswildjaeger]

1 Jahr:

[SlayGrosswildjaeger]

Empfehle: Antizyklischer Einstieg (Nur meine Meinung)

[SlayGrosswildjaeger]

Die Wiedernotierung an der OTC steht vor der Türe!!!!

[SlayGrosswildjaeger]

Der 15.12.05 war für das Listing an der OTC vorgesehen!

[SlayGrosswildjaeger]

...ich hab` Zeit!

[SlayGrosswildjaeger]

Die Veräusserung von ISIP Telecom (die aqurierte Voice over IP Tochter von IVGA Group!) kommt auch bald in trockene Tücher!?

[SlayGrosswildjaeger]

Kursexplosion vorprogrammiert!! (Meine Meinung!)

[SlayGrosswildjaeger]

Dec 7, 2005 (financialwire.net via COMTEX) -- (FinancialWire) The fourth Small Cap Stock Expo (http://www.smallcapexpo.com) opens at the crossroads of the world Thursday, February 16 , from 1 p.m. to 7 p.m., in the American Stock Exchange, 86 Trinity Place, New York City, New York.
Exhibitors in previous expos have included uWink Inc (OTCBB: UWNK), Human BioSystems, Inc. (OTCBB: HBSC), Karma Media, Inc (OTCBB: KRMA) and Invicta Group, Inc. (OTCBB: IVGA) At the Expo, companies will be able to exhibit and present themselves to top New York financial professionals. Exhibit space is $3,000.

The event is produced by MoneyTV.net, the nation`s discovery television network for emerging companies located on the web at http://www.moneytv.net.

[SlayGrosswildjaeger]

Das Relisting an der OTC steht kurz bevor!!

[Heinzseins]

opens at the crossroads of the world Thursday, February 16 , from 1 p.m. to 7 p.m., in the American Stock Exchange,


bis dahin sind noch 2 monate, da kann so ein antrag auch schnell wieder zurück gezogen werden.


leute, m.m. nach ist das nur ein neuer - DUMMPUSH - auf invicta.

[SlayGrosswildjaeger]

Ich habe Heinzeins, den Oberbasher, ausgeblendet, somit kann ich "leider" nicht lesen was er schreibt!

Denke er will Euch von IVGA abraten ohne irgendwelche argumentative Begründung!

Ich denke weiterhin auch, dass jeder weiß das ein IVGA-Invest mit erheblichen Risiken verbunden ist, aber natürlich auch mit enormen Chancen!! Lasst Euch nicht von hohlem Bashergerede abhalten, mal nen Blick auf IVGA zu riskieren!

Letzten Endes ist ja wohl sowieso klar, dass jeder für sich selbst entscheiden muss, ob er dieses Risiko bereit ist einzugehen oder eben nicht!

Für mich ist IVGA ein klarer Kauf! (Gerade wegen der grossen Chance und dem eigentlich sehr begrenzten Risiko)

Das OTC Relisting steht vor der Tür - und die Meldung ist ja wohl auch nicht ganz ohne - IVGA scheint jedenfalls nicht tot zu sein, wie Heinzeins die ganze Zeit zu vermitteln versucht!

[SlayGrosswildjaeger]

NEWS NEWS NEWS

IVGA -- Invicta Group, Inc.
Com (\$0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Invicta Group Inc. Signs Letter of Intent for Internet Hotel Company in London, U.K.

MIAMI BEACH, FL, Jan 05, 2006 (MARKET WIRE via COMTEX) -- Invicta Group Inc. (OTC BB: IVGA) announces the signing of a Letter of Intent to acquire Hotel Anywhere, an Internet Media Company located in London, U.K.
Hotel Anywhere, www.hotelanywhere.co.uk, was established in 1996 offering European residents discounted hotel reservations to North America and has expanded its hotel product to Australia, Europe, Caribbean Islands, Asia and car rental service with Drive Anywhere. The company has developed its proprietary software of database management and website technology offering online reservations and a call center staffed with knowledgeable travel agents. The management has over 30 years experience in the European travel industry and will continue to operate the company with the intention to grow the business rapidly with targeted acquisitions of media companies in London and Europe.

Invicta Group Inc. has restructured the company with a new business model that will focus as an Internet Media Company that specializes in the Travel Industry. Invicta has developed a website www.travelhotlink.com for its newest subsidiary Travel Hotlink, an Internet Media Company that offers travel discounts to North America travel enthusiasts that are seeking discounted travel products worldwide.

David Scott, Invicta Group Inc. COO, states, " The Internet is a worldwide media and management believes we should expand to marketplaces outside of North America. We are excited we can start with the acquisition of Hotel Anywhere, a United Kingdom company that markets to customers in Europe and Asia; and happy to have Hotel Anywhere´s Founder and President Tom Armstrong join the Invicta team. There is great synergy of a United Kingdom Company and USA company that have customers in Europe, Asia and North America respectively; we can cross-market customers in an effort to offer more product and increase revenues of both companies."

Invicta has targeted additional acquisitions in London and are doing the financial due diligence review before signing a Letter Of Intent to acquire the companies.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 40 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.com

Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: www.lasvegasexcitement.com; and a cruise-only company offering discounted cruises: www.cruiseexcitement.com



CONTACT:
Invicta Group Inc.
David Scott
1-305-206-3335
[e-mail]

SOURCE: Invicta Group Inc.



CONTACT: mailto:[e-mail]


Copyright 2006 Market Wire, All rights reserved.

LG SLAYPOWER

[Heinzseins]

[posting]19.551.022 von SlayGrosswildjaeger am 05.01.06 18:21:31[/posting]na, das sind ja hammer news

wie man hier genau an der momentanen explosiven nachfrage

sehr gut erkennen kann

IVGA -- Invicta Group, Inc.
Com ($0.001)
Primary Venue: Pink Sheets

Best Bid: 0.0009 (5000 shares)
Best Ask: 0.0012 (5000 shares) *
Date/Time of Last Inside Change: 07:53
* Quoted on the Pink Sheets

Want real-time level two quotes in this security?
TRADE DATA
Last Sale: 0.0009
Change: +0.00
Percent Change: +0.00
Tick: Down
Daily High: 0 Daily Low: 0
Opening Price: 0 Volume: 0
Annual High: 0.1280
Annual Low: 0.0008
Dividend: 0.000 Earnings/Share: -0.02
Previous Close: 0.0009 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.76
Last Trade Date/Time: 01/03/2006

[SlayGrosswildjaeger]

[posting]19.551.826 von Heinzseins am 05.01.06 19:07:54[/posting]Servus, Heinz!

Haben uns ja zwischenzeitlich wieder vertragen.

Denke es ist ein gutes Zeichen, dass wir heute über 33% zugelegt haben!!

LG SLAY

[SlayGrosswildjaeger]

...und das mit 60 USD!!!

AKTUELL 06.01.06 03.01.06

Aktueller Kurs 0,0012 0,0009

Währung USD USD

Kurszeit 21:19 15:30

Realtime

Differenz +0,0003 (+33,33%) +0,000 ( +0,00%)

Eröffnungskurs 0,0012 0,001

Tageshöchstkurs 0,0012 0,001

Tagestiefkurs 0,0012 0,001

Marktkapitalisierung - -

Letzter Schlusskurs 0,0009 0,001

Schlusskurs-Datum 03.01. 30.12.

Volumen 60,00 90,00

Gehandelte Stücke 50.000 100,00 Tsd.

Preisfeststellungen 1 1

[SlayGrosswildjaeger]

AKTUELL 13.01.06

Aktueller Kurs 0,0015

Währung USD

Kurszeit 18:56

Realtime

Differenz +0,0006 (+66,67%)

Eröffnungskurs 0,0012

Tageshöchstkurs 0,0015

Tagestiefkurs 0,0012

Marktkapitalisierung -

Letzter Schlusskurs 0,0009

Schlusskurs-Datum 11.01.

Volumen 605,50

Gehandelte Stücke 2,4 Mio.

Preisfeststellungen 12

[SlayGrosswildjaeger]

Kurs von Invicta explodiert!!! +70% YEAH!!!!!!!!!!!!!!!



Geiler Freitag, der 13.te!!!

[SlayGrosswildjaeger]

...es geht wieder los bei IVGA!!!!

LG SLAYPOWER

[SlayGrosswildjaeger]

..noch gibt es ein paar Stücke, denke ich!! Man sollte sich schleunigst ein paar IVGA ins Depot legen, bevor der RUN auf Invicta losgeht!!!



...ist aber nur meine Meinung, die ist aber: STRONG BUY!!! IVGA aggressiv kaufen!!!

LG SLAYPOWER

[SlayGrosswildjaeger]

Differenz +0,0006 :eek+66,67%) Gehandelte Stücke 2,4 Mio.

[SlayGrosswildjaeger]

Hat keiner hier lust an Invicta`s Kursanstiegen zu antizipieren?

Halloooooooooo!!! Ist da jemand??

LG SLAY

Denke, IVGA wird noch weiter explodieren, das war erst der Anfang!

[Heinzseins]

[posting]19.717.374 von SlayGrosswildjaeger am 15.01.06 02:08:12[/posting]antizipieren

ich glaube du solltest besser "heia machen"

und zu invicta, ....


"vergiß es" - "geh` nach hause"

[SlayGrosswildjaeger]

[posting]19.717.791 von Heinzseins am 15.01.06 03:00:20[/posting] antizipieren = vorgreifen, vorwegnehmen

Für Dich nochmal in anderen Woren:

Hat niemand lust sich bei diesen niedrigen Kursen an IVGA zu beteiligen, ein paar Stücke abzugreifen, den meiner Meinung nach kommenden Kursanstieg rechtzeitig sich schonmal ein paar IVGA vorne-weg-nehmen ??(vorne=unten!)!!!

Slay

[Heinzseins]

[posting]19.734.274 von SlayGrosswildjaeger am 16.01.06 13:10:14[/posting]Hat keiner hier lust an Invicta`s Kursanstiegen zu antizipieren?

Hat keiner hier lust an Invicta`s Kursanstiegen zu etwas (gedanklich) vorwegnehmen?

Hat keiner hier lust an Invicta`s Kursanstiegen zu vorher nehmen?

Hat keiner hier lust an Invicta`s Kursanstiegen zu vor dem Fälligkeitstermin zahlen?

wie geschrieben, das wort antizipieren passt hervorragend in diesem satz

[SlayGrosswildjaeger]

[posting]19.734.848 von Heinzseins am 16.01.06 13:51:54[/posting]LOOOOOOOOL

Mit einem hast Du schon recht, ich meinte natürlich partizipieren...

Aber dann gefiel mir das antizipieren, dem vermeintlichen Kursanstieg ein paar shares vorwegnehmen so gut!
Ist doch auch nicht schlecht bzw. würde ja zumindest antizyklisch gesehen jedenfalls Sinn machen...

LG SLAY

[Tippgeber1]

slay power, der war gut

[Tippgeber1]

bei den 0.0030 haben wir uns die letzten tage stabilisiert.
denke, dass wir bald weiterlaufen werden.....hoffe, dass
die bald auch in berlin handelbar sind.

Grüssels
Tippgeber1

[Duncan]

Neuesten News:




26.01.2006
Invicta Travel Group: Handel am OTC:BB wieder aufgenommen



Sehr geehrte Leserinnen und Leser,

Nachdem wir nun einige Monate auf ein Relisting am OTC:BB gewartet haben wurden Invicta Travel Group (IVGA) nun endlich wieder in den Handel aufgenommen. Zudem erwarten wir nun auch in Kürze wieder eine Notierung in Deutschland, was den Aktienkurs deutlich beflügeln sollte. Die Gesellschaft hat in den letzten Monaten alle Verlustbringenden Bereiche Geschlossen und will sich nun voll und ganz auf die 100% Tochter www.travelhotlink.com konzentrieren. Travelhotlink ist vom Geschäftsmodel fast identisch mit Travelzoo, die an der NASDAQ unter dem Symbol TZOO gehandelt werden.

Travelzoo hat einen Umsatz p.a. von 46 Mio. USD und ein Gewinn (EBITDA) von 15 Mio. USD erreicht. Bemerkenswert ist der Gewinnanstieg von 46% im letzten Quartal. Beim Aktienkurs von 20 USD errechnet sich eine Marktkapitalisierung von ca. 350 Mio. USD. Travelzoo wie auch Travelhotlink haben ein recht einfaches Geschäftsmodell. Ein vorhandener Kundenstamm wird mit aktuellen Angeboten aus der Reisebranche per Emailnewsletter informiert. Dabei Zahlen die Werbetreibenden für eingeblendete Werbebanner oder Werbelinks. Bei diesem Modell sind die fixen Kosten sehr überschaubar und bei kleinen Umsätzen winken bereits Gewinne. Travelhotlink verfügt über eine Datenbank von 40 Mio. registrierten Usern, die ständig gepflegt und aktualisiert wird.

Nachdem nun alle Verlustbringer geschlossen wurden erwarten wir für das laufende Jahr den endgültigen Turn Around bei Invicta. Zudem plant Invicta die Akquisition eines bestehenden, profitablen Reiseportals mit einem Umsatz von ca. 3,5 Mio. USD. Dies würde erhebliche Synergieeffekte mit Travelhotlink bringen. Alles in allem errechnet sich aktuell eine minimale Bewertung von ca. 0,6 Mio. USD, was für ein voll reportendes am OTC:BB notiertes Unternehmen minimal ist.

Der Aktienkurs lag vor 18 Monaten bei über 10 Cent und liegt im Moment bei lediglich 0,3 Cent / Aktie. Auf dem Aktuellen Niveau erscheint uns ein Investment weiterhin interessant, mit einem Kursziel von mindestens 2 Cent bis Jahresende. ( Kürzel: IVGA)

Chart


Bitte beachten Sie die neue Unternehmensmeldung:

Invicta Group Inc. Signs Letter of Intent for Internet Hotel Company in London, U.K.

MIAMI BEACH, FL--(MARKET WIRE)--Jan 5, 2006 -- Invicta Group Inc. (Other OTC:IVGA.PK - News) announces the signing of a Letter of Intent to acquire Hotel Anywhere, an Internet Media Company located in London, U.K.

Hotel Anywhere, www.hotelanywhere.co.uk, was established in 1996 offering European residents discounted hotel reservations to North America and has expanded its hotel product to Australia, Europe, Caribbean Islands, Asia and car rental service with Drive Anywhere. The company has developed its proprietary software of database management and website technology offering online reservations and a call center staffed with knowledgeable travel agents. The management has over 30 years experience in the European travel industry and will continue to operate the company with the intention to grow the business rapidly with targeted acquisitions of media companies in London and Europe.

Invicta Group Inc. has restructured the company with a new business model that will focus as an Internet Media Company that specializes in the Travel Industry. Invicta has developed a website www.travelhotlink.com for its newest subsidiary Travel Hotlink, an Internet Media Company that offers travel discounts to North America travel enthusiasts that are seeking discounted travel products worldwide.



Ihre Redaktion von Small-Cap-News

p.s. Bitte beachten Sie das offene Orderbuch an der Berliner Börse, hier können alle vorhandenen Geld und Briefkurse verfolgt werden. www.berlinerboerse.de


Dann kann es losgehen!

[SlayGrosswildjaeger]

Schoene Gruesse aus der Karibik (DomRep) wuenscht Euch allen Slay!!

Schoen zu sehen, dass Invicta wieder an der OTCBB notiert ist!! LOOOOL

LG SLAYPOWER

[Duncan]

Hallo,

bin mit diesen Infos vorsichtig. Dürfte aber für INVICTA erheblich sein. Jetzt ist sogar die Ausschüttung von Gratisaktien im Gespräch! Mehr wie folgt:


Sehr geehrte Leserinnen und Leser,

wir möchten Ihnen heute ein Interview mit IVGA CEO Bill Forhan zukommen lassen, wo er über die aktuelle Geschäftsentwicklung Auskunft gibt. Das neue Geschäftsmodell wird erläuert und auch zu verschiedenen brisanten Themen wird Stellung bezogen. IVGA erwartet für das laufende Jahr den Turn Around. Zudem wir es für alle Aktionäre eine " Sonderdividende" in Form von Aktien von Casino Rated Players Inc. geben, die von IVGA abgespalten werden und im OTC Handel gelistet werden sollen.

Mit der neuen Phantasie einer Sonderdividende sollte man die Aktien auf dem jetzigen Niveau weiter zukaufen. Das Kursziel erhöhen wir auf 4 Cent bis Jahresende. ( Kürzel: IVGA / Handel OTC:BB)

Interview 30.01.2006 mit Bill Vorhan IVGA Inc.


Chart



Ihre Redaktion von Small-Cap-News

p.s. Bitte beachten Sie das offene Orderbuch an der Berliner Börse, hier können alle vorhandenen Geld und Briefkurse verfolgt werden. www.berlinerboerse.de

Adresse:http://www.small-cap-news.de/pnews/upload/news1678.pdf

[Tippgeber1]

liebe Invicta aktionäre,

das interview von bill forhan ist höchst aufschlussreich.
es bedeutet, dass invicta dann wohl 4 töchter hätte, die
allesamt profitabel arbeiten könnten und direkte Synergien
ergeben werden.


a) isip telekom (25%)
b) casino rated (25%)
c) hotel anywhere? Europa+ Asien
(vermute ich mal nach dem LOI)
d) noch eine andere profitable firma


zu c und d, führte bill forhan indirekt aus:

"Alle Gesellschaften die wir nun übernehmen wollen,
sind nachhaltig in der Gewinnzone. Wir wollen nun
kein Fehlinvestment mehr in Start ups riskieren. Wir
beabsichtigen zwei Gesellschaften zu übernehmen, die
zusammen einen Umsatz von 6 Mio. USD haben und einen
Gewinn von ca. 600 TSD USD / Jahr erwirtschaften. Der
Kaufpreis ist relativ moderat und kann von uns nach
Durchführung der laufenden Kapitalisierung finanziert
werden."


die mutter selbst dürfte ebenfalls profitabel arbeiten
und aus ihren damaligen fehlern gelernt haben:


Wir mussten die Gesellschaft umstrukturieren, da wir in
den meisten Tochtergesellschaften Verluste schrieben.
Insbesondere die hohen Verluste bei Airplane, verschlangen
zuviel Kapital, so dass zu wenig Geld für die Vermarktung
anderer Geschäftsbereiche und Marketing übrig blieb. Das
Management hat nun die Geschäftsbereiche neu geordnet und
wir konzentrieren uns auf das Internetportal und die
Newsletter von travelhotlink.com. Wir haben eine Datenbank
mit 40 Mio. registrierten Usern, die laufend mit aktuellen
Reiseangeboten versorgt werden. Hier werden wir Erlöse
erzielen, die nach unseren Planungen IVGA deutlich in den
Gewinn bringen werden."


die dividende an uns ivga aktionäre:


"Zudem planen wir ein Aktienpaket von Casino Rated Player
direkt an die Aktionäre von IVGA als „ Sonderdividende“
auszuschütten, sobald Casino Rated Player Inc. Aktien an
der Börse gehandelt werden. Die genaue Anzahl ist noch
nicht festgelegt, wird aber im Vergleich zum aktuellen
Wert von IVGA nicht unerheblich sein."


und nicht zu vergessen die gesicherte finanzierung:



"Wir werden zudem in Kürze eine Finanzierung im Volumen
von bis zu 1 Mio. USD erhalten, womit wir dann auch genug
Kapital haben werden, um Travelhotlink zu aktivieren und
zu vermarkten. Ferner werden wir neue Beteiligungen ein-
gehen, die direkte Synergien ergeben. Insgesamt wollen
wir nach den beiden letzten katastrophalen Jahren nun die
Gewinnschwelle erreichen."



fazit:

voraussichtlich 4 töchter werden alle zum umsatz und
zum gewinn beitragen !!!. die mutter invicta selber
wird sicher aus ihren damaligen fehlern gelernt haben,
was die erfrischenden selbstkritischen töne von bill
forhan zeigen. und das geschäftmodell, erscheint mir
in sich schlüssig und umsetzbar zu sein.


---->"Wir haben eine Datenbank mit 40 Mio. registrierten
Usern, die laufend mit aktuellen Reiseangeboten versorgt
werden. Hier werden wir Erlöse erzielen, die nach unseren
Planungen IVGA deutlich in den Gewinn bringen werden."<----



dann der börsengang von casino rated (der ja schon
in vorbereitung ist) und die gleichzeitige beteiligung
der aktionäre daran, durch sonderdividende.

der meinung der redaktion vom small-cap-news, kann
ich mich nur anschliessen:


"Mit der neuen Phantasie einer Sonderdividende sollte man
die Aktien auf dem jetzigen Niveau weiter zukaufen. Das
Kursziel erhöhen wir auf 4 Cent (0,04!) bis Jahresende. (
Kürzel: IVGA / Handel OTC:BB)."


hinzu könnte doch auch ein börsengang der anderen tochter
isip erfolgen oder? das würde weitere phantasie mit sich
bringen. möglich ist ja alles.


durch das versenden von regelmässig 40 mio. newslettern,
dürfte auch der bekanntheitsgrad von invicta und deren
töchter drastisch steigen. hinzu kommt, dass sie durch
die zukäufe der töchter auch in europa und asien aktiv
sein werden und regelmässig weitere kunden für die new-
letterkundendatenbank generieren sollten. also unter
diesen umständen werde ich mir ein paar weitere teile
davon ins depot legen.

Tippgeber´s Urteil am 1. Februar lautet daher:

STRONG BUY
Kursziel bis ende 2006---> 0,05$


Grüssels
Tippgeber1

[Tippgeber1]

DAS INTERVIEW MIT DEM CEO BILL FORHAN

Small Cap News:
IVGA Aktien sind in den letzten 12 Monaten bis zu einem
Tiefststand von 0,1 Cent und einer Marktkapitalisierung
von 220 Tsd. US-Dollar gefallen. Die Aktionäre hoffen nun
auf einen Trendwechsel, allerdings besteht noch weiter
Unsicherheit, ob es der Gesellschaft gelingen wird. Wie
wollen Sie wieder in die Gewinnzone kommen ?


Bill Forhan:
Wir mussten die Gesellschaft umstrukturieren, da wir in
den meisten Tochtergesellschaften Verluste schrieben.
Insbesondere die hohen Verluste bei Airplane, verschlangen
zuviel Kapital, so dass zu wenig Geld für die Vermarktung
anderer Geschäftsbereiche und Marketing übrig blieb. Das
Management hat nun die Geschäftsbereiche neu geordnet und
wir konzentrieren uns auf das Internetportal und die
Newsletter von travelhotlink.com. Wir haben eine Datenbank
mit 40 Mio. registrierten Usern, die laufend mit aktuellen
Reiseangeboten versorgt werden. Hier werden wir Erlöse
erzielen, die nach unseren Planungen IVGA deutlich in den
Gewinn bringen werden.


Small Cap News:
Das neue Geschäftsmodell von IVGA sieht einfacher aus,
zudem scheinen die Overheadkosten und Belastungen durch
die Tochtergesellschaften drastisch gekürzt worden zu
sein. Wie werden sich die Kosten im laufenden Jahr
entwickeln und was geschieht mit den bestehenden
Verbindlichkeiten? Was sagen sie zur Entwicklung der
Bilanz von IVGA ?


Bill Forhan:
Der Overhead wurde nun in der Tat drastisch gekürzt.
Allerdings entstehen bei einer börsengehandelten
Gesellschaft immer hohe Kosten für Wirtschaftsprüfer und
Quartals- und Jahresberichte. Die Verbindlichkeiten werden
wir im laufenden Quartal um 300-500 TSD US reduzieren. Die
Bilanzsituation wird sich zudem durch die Spin- Offs
verbessern. IVGA wird ein Aktienpaket an Casino Rated
Player halten. Für diese Gesellschaft wurde bereits die
Vorbereitungen bei der SEC getroffen, die einen Handel der
Aktien im OTC Markt ermöglichen. Zudem besteht noch die
Beteiligung an ISIP Telekom, die ebenfalls werthaltig ist.
Wir werden zudem in Kürze eine Finanzierung im Volumen von
bis zu 1 Mio. USD erhalten, womit wir dann auch genug
Kapital haben werden, um Travelhotlink zu aktivieren und
zu vermarkten. Ferner werden wir neue Beteiligungen
eingehen, die direkte Synergien ergeben. Insgesamt wollen
wir nach den beiden letzten katastrophalen Jahren nun die
Gewinnschwelle erreichen.


Small Cap News:
Travel Hot Link wurde in den letzten Monaten gestartet,
wurden schon nennenswerte Umsätze generiert? Gibt es
Mitbewerber mit einem ähnlichem Geschäftsmodell?


Bill Forhan:
Im Moment haben wir noch keine nennenswerten Umsatzerlöse
mit Travelhotlink erzielt, wir hatten noch nicht die
notwendigen Kapazitäten. Wir haben allerdings alles
sorgfältig vorbereitet, um sofort starten zu können. Eine
neue Website wurde erstellt und eine Datenbank mit 40 Mio.
Emailadressen erworben. Diese werden regelmäßig gepflegt
und erweitert. Es handelt sich um Emailadressen von
Personen, die sich für die Angebote aus der Reisebranche
registriert haben und an unserem wöchentlichen Newsletter
Interesse haben. Es gibt einen sehr erfolgreichen Mitbe-
werber, Travelzoo (TZOO). Diese Gesellschaft ist sehr
profitabel und hat enorme Wachstumsraten. Dies doku-
mentiert den Trend hin zu Onlinewerbung über das Internet
und via. Email.


Small Cap News:
Sie möchten neue Geschäftsbereiche übernehmen ( Hotels
Online). Wie viel bezahlen Sie dafür und machen diese
Gesellschaften bereits Gewinn ?


Bill Forhan:
Alle Gesellschaften die wir nun übernehmen wollen,
sind nachhaltig in der Gewinnzone. Wir wollen nun
kein Fehlinvestment mehr in Start ups riskieren. Wir
beabsichtigen zwei Gesellschaften zu übernehmen, die
zusammen einen Umsatz von 6 Mio. USD haben und einen
Gewinn von ca. 600 TSD USD / Jahr erwirtschaften. Der
Kaufpreis ist relativ moderat und kann von uns nach
Durchführung der laufenden Kapitalisierung finanziert
werden. Weitere Einzelheiten werden wir in den nächsten
Monaten bekannt geben. Es werden erhebliche Synergien mit
Travelhotlink entstehen, da wir hierfür auch Aktivitäten
in England starten.


Small Cap News:
IVGA will einen Spinoff von Casino Rated Player
durchführen. Warum wird dieser Bereich nicht in IVGA
weitergeführt und was sind nun die Vorteile für IVGA
Aktionäre?


Bill Forhan:
Wir haben nicht genug Kapital um alle Geschäftsbereiche
zu forcieren. So wollen wir uns auf den Kernbereich
konzentrieren. Zudem haben wir dann eine werthaltige
Beteiligung und verbessern unsere Bilanzsituation, was
die Werthaltigkeit der IVGA Aktien steigert. Darüber
hinaus entstehen Synergieeffekte in Zusammenhang mit
Travelhotlink. Zudem planen wir ein Aktienpaket von
Casino Rated Player direkt an die Aktionäre von IVGA als „
Sonderdividende“ auszuschütten, sobald Casino Rated Player
Inc. Aktien an der Börse gehandelt werden. Die genaue
Anzahl ist noch nicht festgelegt, wird aber im Vergleich
zum aktuellen Wert von IVGA nicht unerheblich sein.


Small Cap News:
IVGA hat ein Filing über 500 Mio. Aktien bekannt gegeben.
Was bedeutet dies genau ?


Bill Forhan:
Wir haben einen institutionellen Investor der IVGA Kapital
durch die Zeichnung einer Wandelanleihe zur Verfügung
stellt. Die neuen Aktien, können dann in der Zukunft
abgerufen werden. Der Investor kann diese zu einem
Abschlag von 25% von einem Durchschnittskurs beziehen.
Dies bedeutet für IVGA in der aktuellen Situation eine
schnelle sichere Finanzierung, zudem werden Verbind-
lichkeiten aus der Bilanz mit neuen Aktien bezahlt. Bei
einem steigenden Aktienkurs wird sich die Verwässerung in
Grenzen halten und IVGA muss nur einen kleinen Teil der
neuen Aktien freigeben. Diese Lösung ist vorteilhaft für
die Gesellschaft, für den Kapitalgeber und für die
Altaktionäre von IVGA.


Grüssels
Tippgeber1

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Die Berlinnotierung ist DA!!!!!!!!!!!

[SlayGrosswildjaeger]

Erster Kurs: 0,004 EUR!!!!!!!!!

AKTUELL 07.02.06 20.05.05

Aktueller Kurs 0,004 -

Währung EUR EUR

Kurszeit 10:45 -

Realtime

Differenz +0,00 (+0,00%) +0,000 ( +0,00%)

Eröffnungskurs 0,004 0,001

Tageshöchstkurs 0,004 0,001

Tagestiefkurs 0,004 0,001

Marktkapitalisierung - -

Letzter Schlusskurs - 0,001

Schlusskurs-Datum - 19.05.

Volumen - -

Gehandelte Stücke 0 0,00

Preisfeststellungen 0 1

[SlayGrosswildjaeger]

STAMMDATEN
ISIN US4618381044

WKN/Local ID: A0BMK9

Wertpapiertyp Auslandsaktie

Symbol IG9.BER

LG SLAYPOWER

[SlayGrosswildjaeger]

Noch ohne Handel:

[SlayGrosswildjaeger]

Aber in Amerika wird schon ordentlich gehandelt!!!

AKTUELL 06.02.06 03.02.06

Aktueller Kurs 0,003 0,003

Währung USD USD

Kurszeit 18:09 21:57

Realtime

Differenz +0,00 (+0,00%) -0,000 ( -6,25%)

Eröffnungskurs 0,0033 0,003

Tageshöchstkurs 0,0035 0,003

Tagestiefkurs 0,003 0,003

Marktkapitalisierung - -

Letzter Schlusskurs 0,003 0,003

Schlusskurs-Datum 03.02. 02.02.

Volumen 27.276,00 9,14 Tsd.

Gehandelte Stücke 8,7 Mio. 3,20 Mio.

Preisfeststellungen 40 18

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Invicta goooooooooooo!!!!!!!!!!!!!!!

[SlayGrosswildjaeger]

AKTUELL 24.02.06 23.02.06

Aktueller Kurs 0,0028 0,0025

Währung USD USD

Kurszeit 20:12 20:20

Realtime

Differenz +0,0003 (+12,00%) -0,000 ( -10,71%)

Eröffnungskurs 0,002 0,003

Tageshöchstkurs 0,0028 0,003

Tagestiefkurs 0,0017 0,003

Marktkapitalisierung - -

Letzter Schlusskurs 0,0025 0,003

Schlusskurs-Datum 23.02. 22.02.

Volumen 1.064,45 1,28 Tsd.

Gehandelte Stücke 594.000 605,00 Tsd.

Preisfeststellungen 8 6

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

LG SLAYPOWER

[SlayGrosswildjaeger]

tolles Posting!!

#211 von Tippgeber1 01.02.06 14:33:11 Beitrag Nr.: 19.992.364
Dieses Posting: versenden | melden | drucken | Antwort schreiben

liebe Invicta aktionäre,

das interview von bill forhan ist höchst aufschlussreich.
es bedeutet, dass invicta dann wohl 4 töchter hätte, die
allesamt profitabel arbeiten könnten und direkte Synergien
ergeben werden.


a) isip telekom (25%)
b) casino rated (25%)
c) hotel anywhere? Europa+ Asien
(vermute ich mal nach dem LOI)
d) noch eine andere profitable firma


zu c und d, führte bill forhan indirekt aus:

" Alle Gesellschaften die wir nun übernehmen wollen,
sind nachhaltig in der Gewinnzone. Wir wollen nun
kein Fehlinvestment mehr in Start ups riskieren. Wir
beabsichtigen zwei Gesellschaften zu übernehmen, die
zusammen einen Umsatz von 6 Mio. USD haben und einen
Gewinn von ca. 600 TSD USD / Jahr erwirtschaften. Der
Kaufpreis ist relativ moderat und kann von uns nach
Durchführung der laufenden Kapitalisierung finanziert
werden."


die mutter selbst dürfte ebenfalls profitabel arbeiten
und aus ihren damaligen fehlern gelernt haben:

Wir mussten die Gesellschaft umstrukturieren, da wir in
den meisten Tochtergesellschaften Verluste schrieben.
Insbesondere die hohen Verluste bei Airplane, verschlangen
zuviel Kapital, so dass zu wenig Geld für die Vermarktung
anderer Geschäftsbereiche und Marketing übrig blieb. Das
Management hat nun die Geschäftsbereiche neu geordnet und
wir konzentrieren uns auf das Internetportal und die
Newsletter von travelhotlink.com. Wir haben eine Datenbank
mit 40 Mio. registrierten Usern, die laufend mit aktuellen
Reiseangeboten versorgt werden. Hier werden wir Erlöse
erzielen, die nach unseren Planungen IVGA deutlich in den
Gewinn bringen werden."


die dividende an uns ivga aktionäre:

" Zudem planen wir ein Aktienpaket von Casino Rated Player
direkt an die Aktionäre von IVGA als „ Sonderdividende“
auszuschütten, sobald Casino Rated Player Inc. Aktien an
der Börse gehandelt werden. Die genaue Anzahl ist noch
nicht festgelegt, wird aber im Vergleich zum aktuellen
Wert von IVGA nicht unerheblich sein."


und nicht zu vergessen die gesicherte finanzierung:


" Wir werden zudem in Kürze eine Finanzierung im Volumen
von bis zu 1 Mio. USD erhalten, womit wir dann auch genug
Kapital haben werden, um Travelhotlink zu aktivieren und
zu vermarkten. Ferner werden wir neue Beteiligungen ein-
gehen, die direkte Synergien ergeben. Insgesamt wollen
wir nach den beiden letzten katastrophalen Jahren nun die
Gewinnschwelle erreichen."



fazit:

voraussichtlich 4 töchter werden alle zum umsatz und
zum gewinn beitragen !!!. die mutter invicta selber
wird sicher aus ihren damaligen fehlern gelernt haben,
was die erfrischenden selbstkritischen töne von bill
forhan zeigen. und das geschäftmodell, erscheint mir
in sich schlüssig und umsetzbar zu sein.

----> " Wir haben eine Datenbank mit 40 Mio. registrierten
Usern, die laufend mit aktuellen Reiseangeboten versorgt
werden. Hier werden wir Erlöse erzielen, die nach unseren
Planungen IVGA deutlich in den Gewinn bringen werden." < ----



dann der börsengang von casino rated (der ja schon
in vorbereitung ist) und die gleichzeitige beteiligung
der aktionäre daran, durch sonderdividende.

der meinung der redaktion vom small-cap-news, kann
ich mich nur anschliessen:

" Mit der neuen Phantasie einer Sonderdividende sollte man
die Aktien auf dem jetzigen Niveau weiter zukaufen. Das
Kursziel erhöhen wir auf 4 Cent (0,04!) bis Jahresende. (
Kürzel: IVGA / Handel OTC:BB)."


hinzu könnte doch auch ein börsengang der anderen tochter
isip erfolgen oder? das würde weitere phantasie mit sich
bringen. möglich ist ja alles.


durch das versenden von regelmässig 40 mio. newslettern,
dürfte auch der bekanntheitsgrad von invicta und deren
töchter drastisch steigen. hinzu kommt, dass sie durch
die zukäufe der töchter auch in europa und asien aktiv
sein werden und regelmässig weitere kunden für die new-
letterkundendatenbank generieren sollten. also unter
diesen umständen werde ich mir ein paar weitere teile
davon ins depot legen.

Tippgeber´s Urteil am 1. Februar lautet daher:

STRONG BUY
Kursziel bis ende 2006---> 0,05$


Grüssels
Tippgeber1

[SlayGrosswildjaeger]

Super POSTING!

#212 von Tippgeber1 02.02.06 15:19:02 Beitrag Nr.: 20.011.706
Dieses Posting: versenden | melden | drucken | Antwort schreiben

DAS INTERVIEW MIT DEM CEO BILL FORHAN

Small Cap News:
IVGA Aktien sind in den letzten 12 Monaten bis zu einem
Tiefststand von 0,1 Cent und einer Marktkapitalisierung
von 220 Tsd. US-Dollar gefallen. Die Aktionäre hoffen nun
auf einen Trendwechsel, allerdings besteht noch weiter
Unsicherheit, ob es der Gesellschaft gelingen wird. Wie
wollen Sie wieder in die Gewinnzone kommen ?

Bill Forhan:
Wir mussten die Gesellschaft umstrukturieren, da wir in
den meisten Tochtergesellschaften Verluste schrieben.
Insbesondere die hohen Verluste bei Airplane, verschlangen
zuviel Kapital, so dass zu wenig Geld für die Vermarktung
anderer Geschäftsbereiche und Marketing übrig blieb. Das
Management hat nun die Geschäftsbereiche neu geordnet und
wir konzentrieren uns auf das Internetportal und die
Newsletter von travelhotlink.com. Wir haben eine Datenbank
mit 40 Mio. registrierten Usern, die laufend mit aktuellen
Reiseangeboten versorgt werden. Hier werden wir Erlöse
erzielen, die nach unseren Planungen IVGA deutlich in den
Gewinn bringen werden.


Small Cap News:
Das neue Geschäftsmodell von IVGA sieht einfacher aus,
zudem scheinen die Overheadkosten und Belastungen durch
die Tochtergesellschaften drastisch gekürzt worden zu
sein. Wie werden sich die Kosten im laufenden Jahr
entwickeln und was geschieht mit den bestehenden
Verbindlichkeiten? Was sagen sie zur Entwicklung der
Bilanz von IVGA ?

Bill Forhan:
Der Overhead wurde nun in der Tat drastisch gekürzt.
Allerdings entstehen bei einer börsengehandelten
Gesellschaft immer hohe Kosten für Wirtschaftsprüfer und
Quartals- und Jahresberichte. Die Verbindlichkeiten werden
wir im laufenden Quartal um 300-500 TSD US reduzieren. Die
Bilanzsituation wird sich zudem durch die Spin- Offs
verbessern. IVGA wird ein Aktienpaket an Casino Rated
Player halten. Für diese Gesellschaft wurde bereits die
Vorbereitungen bei der SEC getroffen, die einen Handel der
Aktien im OTC Markt ermöglichen. Zudem besteht noch die
Beteiligung an ISIP Telekom, die ebenfalls werthaltig ist.
Wir werden zudem in Kürze eine Finanzierung im Volumen von
bis zu 1 Mio. USD erhalten, womit wir dann auch genug
Kapital haben werden, um Travelhotlink zu aktivieren und
zu vermarkten. Ferner werden wir neue Beteiligungen
eingehen, die direkte Synergien ergeben. Insgesamt wollen
wir nach den beiden letzten katastrophalen Jahren nun die
Gewinnschwelle erreichen.


Small Cap News:
Travel Hot Link wurde in den letzten Monaten gestartet,
wurden schon nennenswerte Umsätze generiert? Gibt es
Mitbewerber mit einem ähnlichem Geschäftsmodell?

Bill Forhan:
Im Moment haben wir noch keine nennenswerten Umsatzerlöse
mit Travelhotlink erzielt, wir hatten noch nicht die
notwendigen Kapazitäten. Wir haben allerdings alles
sorgfältig vorbereitet, um sofort starten zu können. Eine
neue Website wurde erstellt und eine Datenbank mit 40 Mio.
Emailadressen erworben. Diese werden regelmäßig gepflegt
und erweitert. Es handelt sich um Emailadressen von
Personen, die sich für die Angebote aus der Reisebranche
registriert haben und an unserem wöchentlichen Newsletter
Interesse haben. Es gibt einen sehr erfolgreichen Mitbe-
werber, Travelzoo (TZOO). Diese Gesellschaft ist sehr
profitabel und hat enorme Wachstumsraten. Dies doku-
mentiert den Trend hin zu Onlinewerbung über das Internet
und via. Email.


Small Cap News:
Sie möchten neue Geschäftsbereiche übernehmen ( Hotels
Online). Wie viel bezahlen Sie dafür und machen diese
Gesellschaften bereits Gewinn ?

Bill Forhan:
Alle Gesellschaften die wir nun übernehmen wollen,
sind nachhaltig in der Gewinnzone. Wir wollen nun
kein Fehlinvestment mehr in Start ups riskieren. Wir
beabsichtigen zwei Gesellschaften zu übernehmen, die
zusammen einen Umsatz von 6 Mio. USD haben und einen
Gewinn von ca. 600 TSD USD / Jahr erwirtschaften. Der
Kaufpreis ist relativ moderat und kann von uns nach
Durchführung der laufenden Kapitalisierung finanziert
werden. Weitere Einzelheiten werden wir in den nächsten
Monaten bekannt geben. Es werden erhebliche Synergien mit
Travelhotlink entstehen, da wir hierfür auch Aktivitäten
in England starten.


Small Cap News:
IVGA will einen Spinoff von Casino Rated Player
durchführen. Warum wird dieser Bereich nicht in IVGA
weitergeführt und was sind nun die Vorteile für IVGA
Aktionäre?

Bill Forhan:
Wir haben nicht genug Kapital um alle Geschäftsbereiche
zu forcieren. So wollen wir uns auf den Kernbereich
konzentrieren. Zudem haben wir dann eine werthaltige
Beteiligung und verbessern unsere Bilanzsituation, was
die Werthaltigkeit der IVGA Aktien steigert. Darüber
hinaus entstehen Synergieeffekte in Zusammenhang mit
Travelhotlink. Zudem planen wir ein Aktienpaket von
Casino Rated Player direkt an die Aktionäre von IVGA als „
Sonderdividende“ auszuschütten, sobald Casino Rated Player
Inc. Aktien an der Börse gehandelt werden. Die genaue
Anzahl ist noch nicht festgelegt, wird aber im Vergleich
zum aktuellen Wert von IVGA nicht unerheblich sein.


Small Cap News:
IVGA hat ein Filing über 500 Mio. Aktien bekannt gegeben.
Was bedeutet dies genau ?

Bill Forhan:
Wir haben einen institutionellen Investor der IVGA Kapital
durch die Zeichnung einer Wandelanleihe zur Verfügung
stellt. Die neuen Aktien, können dann in der Zukunft
abgerufen werden. Der Investor kann diese zu einem
Abschlag von 25% von einem Durchschnittskurs beziehen.
Dies bedeutet für IVGA in der aktuellen Situation eine
schnelle sichere Finanzierung, zudem werden Verbind-
lichkeiten aus der Bilanz mit neuen Aktien bezahlt. Bei
einem steigenden Aktienkurs wird sich die Verwässerung in
Grenzen halten und IVGA muss nur einen kleinen Teil der
neuen Aktien freigeben. Diese Lösung ist vorteilhaft für
die Gesellschaft, für den Kapitalgeber und für die
Altaktionäre von IVGA.


Grüssels
Tippgeber1

[SlayGrosswildjaeger]

INVICTA GO; GO;GO!!!!!!!!!

[Tippgeber1]

++ DEUTSCHLAND +++

Travel24.com platziert Genussscheine

Der Online-Reiseanbieter Travel24.com AG gab heute
bekannt, dass die am 27. Februar den Aktionaeren
angebotenen Genuss- scheine mit einem Nennwert
von 357.685 Euro vier Tage vor Ablauf der Bezugs-
frist vollstaendig platziert wurden. Damit fliessen
der Gesellschaft weitere 1.073.055 Euro zur Finan-
zierung der laufenden Aktivitaeten zu.
(Copyright BoerseGo)


Grüssels
Tippgeber1

[Tippgeber1]

Aus der nachfolgenden Meldung ergibt sich bemerkenswertes:


1. Das Management Team zahlt 1 Dollar je Invicta Aktie!
Dadurch kommt es zu einer geringeren Delution
(Aktienverwässerung).

2. Der Abbau der Schulden wird vorangetrieben.


Fazit: Die Zahlung ist gut für die Company, weil

a) die eigene Company ihr Aktien für 1 Dollar kauft,
weil sie ihr Unternehmen für unterbewertet hält.

b) die Schulden um 330.000 Dollar reduziert werden.





Invicta Group Inc.

Management Reduces Debt by $330,000

Miami Beach, Fl. February 21, 2006 / Invicta Group Inc.
(OTCBB:IVGA) announced today that its management team has
converted $330,000 of Deferred Compensation to 330,000
shares of Preferred Stock; no options were offered.

Invicta`s management team of Bill Forhan, David Scott, and
Mercedes Henze converted $330,000 Deferred Compensation:
$170,000, $60,000 and $100,000 respectively to Preferred
stock.

Bill Forhan, CEO, states: “the management team has again
accepted stock in Invicta because we believe the stock is
under valued. Management has been deferring salaries in
2003 and 2004 and again 2005, to maximize IVGA working
capital. Invicta’s management converted over $620,000 in
Deferred Compensation in January 2004. We may convert
additional stock in place of Shareholder Loans and
Deferred Compensation in an effort to continue diminishing
liabilities and increasing equity in the company.”

Invicta Group Inc’s management is restructuring the
company with a new business model that will focus as an
Internet Media Company that specializes in the Travel
Industry. Invicta has developed a website
www.travelhotlink.com for its newest subsidiary Travel
Hotlink, an Internet Media Company that offers travel
discounts to North America travel enthusiasts that are
seeking discounted travel products worldwide.

Invicta has also announced signing a signing a Letter of
Intent to acquire an Internet Media company located in
London, United Kingdom; due diligence is being completed.


INVICTA GROUP INC. is an Internet Media Company that
specializes in the Travel Industry. The company offers
an Internet database of 40 million travel enthusiasts
discounted travel products: airline tickets, hotel rooms,
Tour Packages, cruise cabins and car rentals on the
Internet 24/7 through their B-2-C web site
www.travelhotlink.com

Invicta also owns a Las Vegas tour operator offering
travel and entertainment products for Las Vegas travelers:
www.lasvegasexcitement.com; and a cruise only company
offering discounted cruises: www.cruiseexcitement.com

CONTACT: Invicta Group Inc., David Scott, 1-305-206-3335
or [e-mail]



http://www.invictatravelgroup.com/press1.htm



Grüssels
Mr.Tenbagger

[Tippgeber1]

guten morgen,


endlich kommt der berlinhandel wieder in die gänge


StammdatenWKN
A0BMK9

ISIN
US4618381044
Letzte Kurse Zeit Kurs Volumen
09:37:22 0,003 300000
09:22:39 0,003 80000
09:09:00 0,003 100000
09:08:06 0,003 1318000
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
KursdatenAktuell
0,003

Zeit
17.03.06 09:37:22

Diff. Vortag
0,00 %

Tages-Vol.
5.394

Geh. Stück
1.798.000

Geld
0,002

Brief
0,003

Zeit
17.03.06 09:37:31

Geld Stk.
3.000.000

Brief Stk.
5.000.000

Vortag
0,003

Eröffnung
0,003

Hoch
0,003

Tief
0,003
StammdatenWKN
A0BMK9

ISIN
US4618381044
Letzte Kurse Zeit Kurs Volumen
09:37:22 0,003 300000
09:22:39 0,003 80000
09:09:00 0,003 100000
09:08:06 0,003 1318000
-- -- --
-- -- --
-- -- --
-- -- --
-- -- --
-- Aktuell
0,003

Zeit
17.03.06 09:37:22

Diff. Vortag
0,00 %

Tages-Vol.
5.394

Geh. Stück
1.798.000

Geld
0,002

Brief
0,003

Zeit
17.03.06 09:37:31

Geld Stk.
3.000.000

Brief Stk.
5.000.000

Vortag
0,003

Eröffnung
0,003

Hoch
0,003

Tief
0,003
-- --



Grüssels
Tippgeber1

[Tippgeber1]

der geheimtipp INVICTA spricht sich langsam herum.

in berln ist der teufel los.
über 3 mio. gehandelte stücke
schon


WKN
A0BMK9

ISIN
US4618381044
Letzte Kurse Zeit Kurs Volumen
14:52:07 0,003 500000
14:45:08 0,003 110000
14:20:14 0,003 100000
13:41:40 0,003 100000
10:58:52 0,002 500000
09:45:42 0,003 100000
09:37:22 0,003 300000
09:22:39 0,003 80000
09:09:00 0,003 100000
09:08:06 0,003 1318000



Aktuell
0,003

Zeit
17.03.06 14:52:07

Diff. Vortag
0,00 %

Tages-Vol.
9.124

Geh. Stück
3.208.000

Geld
0,002

Brief
0,003

Zeit
17.03.06 14:52:16

Geld Stk.
4.000.000

Brief Stk.
5.000.000

Vortag
0,003

Eröffnung
0,003

Hoch
0,003

Tief
0,002



Grüssels
Tippgeber1

[SlayGrosswildjaeger]

AKTUELL 17.03.06 16.03.06

Aktueller Kurs 0,003 0,0026

Währung USD USD

Kurszeit 15:50 21:56

Realtime

Differenz +0,0004 (+15,38%) +0,000 ( +0,00%)

Eröffnungskurs 0,0028 0,003

Tageshöchstkurs 0,003 0,003

Tagestiefkurs 0,0025 0,002

Marktkapitalisierung - -

Letzter Schlusskurs 0,0026 0,003

Schlusskurs-Datum 16.03. 15.03.

Volumen 10.335,20 74,19 Tsd.

Gehandelte Stücke 4,5 Mio. 33,03 Mio.

Preisfeststellungen 19 181

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

Umstrukturierung schreitet voran/Rekordumsatz in USA
Mindestens 500% Kurspotential auf Sicht von 12 Monaten



Invicta Travel Group befindt sich schon länger auf unserer Watchlist. Gestern sind die Umsätze an der OTCBB dramatisch angezogen und erreichten über 35 Mio gehandelte Shares. Der Spread ist zudem auf ein Minimum zusammengeschrumpft. Es sieht so aus dass der Wert nun " zündet" zudem veröffenltichte die Gesellschaft letzte Woche bereits, dass ein großer Teil der Schulden abgebaut wurde, indem das Management Aktien zum Preis von 1,00 USD erwarb und damit den Schuldenstand von IVGA um 0,3 Mio USD reduzierte. Wir erwarten hier in Kürze sehr positive news. Invicta werden inzwischen auch wieder in Berlin notiert und können dort spesengünstig gehandelt werden. Auf dem aktuellen Niveau von 0,003 Euro ein klarer Kauf: WKN A0BMK9 / Berlin.

Quelle: Small-Cap-News (16.03.06)

[Heinzseins]

Quelle: Small-Cap-News (16.03.06)


sag mal slay, ... das sind / oder besser gesagt / das ist doch der selbe der am 29.07.2005 das geschrieben hat :

http://www.small-cap-news.de/pnews/upload/news1157.pdf" target="_blank" rel="nofollow ugc noopener">http://www.small-cap-news.de/pnews/upload/news1157.pdf

[Heinzseins]

ist es wieder soweit, muß mal wieder ´ne leiche hochgejubelt werden ????

[SlayGrosswildjaeger]

[posting]20.863.734 von Heinzseins am 20.03.06 02:22:10[/posting]Mach Dich doch nicht noch lächerlicher, als du es bereits schon bist, Fähnchen im Wind, welches anderen Investierten einfach keine Erfolge gönnen kann!! Wie arm....ehemals hier Investierter und damals Pusher, jetzt an der Aussenlinie wartender (in dem Falle derzeit hier als Basher unterwegs!) Fähnchen im Wind halt!

Fallt bloß nicht auf User wie den Heinzeins herein, der biegt alles genau so hin wie er es in seiner Phantasie gerne hätte, sprich eine etwas zweifelhafte Glaubwürdigkeit, die er da an den Tag legt, findet ihr nicht?!

Habe da ne nette kleine Formel aufgestellt: KeinsminuseinsistHeinz!

Man sollte vor derartigen Usern gewarnt worden sein!!

Ich habe seine Beiträge einfach ausgeblendet, somit geht er mir nicht mehr auf die Nüsse, das Leben kann so einfach sein!

LG SLAYLONGPOWER

[Tippgeber1]

[posting]20.863.796 von SlayGrosswildjaeger am 20.03.06 04:46:35[/posting]
slay, genau richtig erkannt, der gönnt den anderen nicht
den erfolg, nur weil er mit invicta verluste erlitten hat.

sobald der wieder invicta aktien hätte, würde er alles
wieder positiv sehen, wie bei unit. da schrieb er auch
monatelang negativ und plötzlich, wo er wieder unit
aktien hat, schreibt er entgegengesetzt. der mann hat
seine komplette glaubwürdigkeit verloren. der hängt
die fahne nach dem winde.

bei mir ist der für immer unten durch.


Grüssels
Tippgeber

[SlayGrosswildjaeger]

[Tippgeber1]

Antwort auf Beitrag Nr.: 20.920.498 von SlayGrosswildjaeger am 23.03.06 13:35:55

bush sieht eben immer etwas weiter oder eben auch nicht.

[Heinzseins]

Antwort auf Beitrag Nr.: 20.863.819 von Tippgeber1 am 20.03.06 05:46:45

deins:

bei mir ist der für immer unten durch





bei mir warst du schon immer unten durch


schade das du mich nicht lesen kannst




und hier siehst du was die amis von dem hochziehen kurz vor handelsschluß

halten - nix - überhaupt nix

[Tippgeber1]

slay gute news

IVGA -- Invicta Group, Inc.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Invicta Group Inc. Annual Losses Shrink

MIAMI BEACH, FL, Mar 30, 2006 (MARKET WIRE via COMTEX) -- Invicta Group Inc. (OTC BB: IVGA) announced today the year end financial results and filing of their 10K.
Invicta's operating losses shrunk to $891,876, plus management wrote off all Intangible Assets resulting in year end losses totaling $993,831; compared to the same period losses in 2004 totaling $3,292,955. The loss per share for 2005 were ($.005) compared to 2004 loss per share ($.055).

Invicta generated net revenues of $94,334 for 2005 compared to $639,663 for year end 2004. Invicta's revenue decline is due to the company's shortage of working capital needed to market their subsidiaries and the closing of Airplan Inc. in 2005.

The company has created a new business model and will focus as a technology and Internet Media Company under the new name of Travel Hot Link. Travel Hot Link www.travelhotlink.com will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via Internet Emails to travel enthusiasts that are seeking a discounted travel product. The products Travel Hot Link will offer are: cruise cabins, air transportation, car rentals, hotel rooms and travel packages from Tour Operators. The traveler will link directly to the travel supplier and purchase the desired travel product directly from the supplier.

Invicta's management continues to position the company's new business model: updating the website, obtaining new funding, and planning to relocate offices to Ft Lauderdale FL.; the results will be to generate new revenues, reduce losses, and focus on generating a profit in the near future.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 40 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.com. Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: http://www.lasvegasexcitement.com; and a cruise only company offering discounted cruises: www.cruiseexcitement.com to the public.

Additional information: Contact David Scott COO at [e-mail] or www.invictatravelgroup.com



Contact
David Scott
COO
[e-mail] www.invictatravelgroup.com

SOURCE: Invicta Group Inc.



CONTACT: mailto:[e-mail]
http://www.invictatravelgroup.com


Copyright 2006 Market Wire, All rights reserved.

-0-

SUBJECT CODE: Financial Services:Investment Services and Trading
Travel and Hospitality:Tourism
Travel and Hospitality:Airlines
Retail:E-Commerce

Search for Dun & Bradstreet reports on this company.

[SlayGrosswildjaeger]

[SlayGrosswildjaeger]

AKTUELL 30.03.06 29.03.06

Aktueller Kurs 0,0019 0,0015

Währung USD USD

Kurszeit 22:58 22:57

Realtime

Differenz +0,0004 (+26,67%) -0,000 ( -6,25%)

Eröffnungskurs 0,0015 0,002

Tageshöchstkurs 0,0024 0,002

Tagestiefkurs 0,0011 0,001

Marktkapitalisierung - -

Letzter Schlusskurs 0,0015 0,002

Schlusskurs-Datum 29.03. 28.03.

Volumen 28.034,34 12,53 Tsd.

Gehandelte Stücke 19 Mio. 9,32 Mio.

Preisfeststellungen 53 25

[SlayGrosswildjaeger]

STAMMDATEN

ISIN US4618381044

WKN/Local ID A0BMK9

[SlayGrosswildjaeger]

Antwort auf Beitrag Nr.: 21.021.022 von Tippgeber1 am 31.03.06 02:35:53

[Tippgeber1]

Antwort auf Beitrag Nr.: 21.029.360 von SlayGrosswildjaeger am 31.03.06 15:42:27

welcome back

[Tippgeber1]

geil super news

Stocks >> NEWS


Invicta Group Inc. Signs LOI to Acquire 70M E-mails


MIAMI BEACH, FL -- (MARKET WIRE) -- 04/25/06 -- Invicta Group Inc. (OTC BB: IVGA) announced today the company has a signed Letter of Intent to acquire a 70 million E-mail database of opt-in travel enthusiast records for its subsidiary Travel Hot Link.

David Scott, the company's COO, reports, "This purchase will without a doubt make us a force to be reckoned within the E-marketing business of travel products. As we are setting up our new offices with state of the art equipment, and we will be able to offer fantastic advertising prices to the travel industry domestically and globally. We are also making arrangements to be able to send out millions of can-spam compliant E-mails daily. We have the creative team in place to create eye catching and colorful E-mail designs for all aspects of the industry."

Scott further states, "We are in the process of hiring several sales personnel to work in our new facility. We have completed a lot of work behind the scenes in order to launch Travel Hot Link in a big way; this acquisition of 70 million E-mails will enhance our marketing and revenues. We expect the industry to react well to our promotions."

Invicta Group Inc. has created a new business model and will focus as an Internet Media Company under the new name of Travel Hot Link. The company's website www.travelhotlink.com will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via Internet E-mails to over 70 million opt-in travel enthusiasts that are seeking a last minute discounted travel product. The traveler will link directly to the travel supplier and purchase the desired travel products directly from the supplier.

The company's management team continues to reposition the company's new business model: Travel Hot Link's website has been updated, the company has obtained additional equity funding, and the move to Ft. Lauderdale will make it easier to find its sales force.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.com. Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: www.lasvegasexcitement.com; and a cruise only company offering discounted cruises: www.cruiseexcitement.com to the public.

Additional information:

Contact
David Scott
COO
[e-mail]
www.invictatravelgroup.com


Grüssels
dat Tippgeberchen

[Toth]

da biste ja slay, jetzt gehts los

[Tippgeber1]

Stocks >> NEWS


Invicta Group Inc. Travel Hot Link Website Updated


MIAMI BEACH, FL -- (MARKET WIRE) -- 04/27/06 -- Invicta Group Inc. (OTC BB: IVGA) announced today the company has redesigned and updated its website www.travelhotlink.net.

David Scott, the company's COO, reports, "This new look and feel is more in keeping with the colors of the exciting travel industry, our new website now is more colorful and changes color each time your log onto it. The banner advertising rotates each time allowing the user to see some of the many specials we are offering to the consumer. We are constantly looking for new ways to keep our sites fresh and interesting."

Invicta Group Inc. has created a new business model and will focus as an Internet Media Company under the new name of Travel Hot Link. The company's website www.travelhotlink.net will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via Internet Emails to over 70 million opt-in travel enthusiasts that are seeking a last minute discounted travel product. The traveler will link directly to the travel supplier and purchase the desired travel products directly from the supplier.

The company's management team continues to reposition the company's new business model: Travel Hot Link's website has been updated, the company has obtained additional equity funding, and the move to Ft. Lauderdale will make it easier to find its sales force.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.net. Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: www.lasvegasexcitement.com; and a cruise only company offering discounted cruises: www.cruiseexcitement.com to the public.

Additional information:

Contact
David Scott
COO
[e-mail]
www.invictatravelgroup.com

[Tippgeber1]

@alle

heute läuft invicta gut. in anbetracht des kontinuierlichen

newsflows und der guten aussichten, sollte man invicta nicht

abschreiben. und die sonderausschüttungen kommen erst noch!

zudem sind nach wie vor die geplanten aquisitionen im raum.

von der wöchentlichung versendungen von rund 10.mio newslettern

ganz zu schweigen.

und nicht zu vergessen...bill schrieb 2 mio. investoren an.

der kurs zieht an in wenigen monaten könnten wir kurse sehen,

die weit jeder vorstellung sein werden!


vergessen wir nicht heute 0,0023 $

höchstkurs im januar 2004 bei 0,04$


Last:

0.0023 ivga - INVICTA GROUP INC

High: 0.0023

Low: 0.002

Volume: 14,795,000



News and Press Releases

04/27/06 09:00 Invicta Group Inc. Travel Hot Link Website Updated (Full Story)


04/25/06 10:50 Invicta Group Inc. Signs LOI to Acquire 70M E-mails (Full Story)


04/10/06 10:00 Invicta Group Inc. Moving Offices (Full Story)


03/30/06 12:37 Invicta Group Inc. Annual Losses Shrink (Full Story)


03/20/06 12:00 Invicta Group Inc. Starting In-House Investor Relations (Full Story)


03/15/06 12:24 Invicta Group Inc. Building a Collection of Destination Supersites (Full Story)


02/21/06 09:43 Invicta Group Inc. Management Reduces Debt by $330,000 (Full Story)


ich prognostiziere für diese aktie bald einen großen knall....

man müßte blind sein, die anziehenden umsätze nicht mehr

wahrzunehmen. glück bald für alle die, die investiert sind

und sich nicht haben rausschütteln lassen. es gibt nur wenige

anleger mit so starken nerven, wie die invicta aktionäre .




Grüssels
dat Tippgeberchen

[Tippgeber1]

Stocks >> NEWS


Invicta Group Inc. Has Moved Into New Offices


FT. LAUDERDALE, FL -- (MARKET WIRE) -- 05/02/06 -- Invicta Group Inc. (OTC BB: IVGA) announced today the company has relocated to Ft. Lauderdale, FL.

David Scott, the company's COO, reports, "The move to Ft. Lauderdale has given us a larger employment pool, we will be hiring five new account executives to market Travel Hot Link to the travel industry this week."

The new facility has the latest state of the art computer and phone equipment. This will bring all of our team under the one roof enabling us to really synergize the whole group.

Invicta Group Inc. has created a new business model and will focus as an Internet Media Company under the new name of Travel Hot Link. The company's website www.travelhotlink.com will offer travel suppliers the opportunity to sell their perishable inventories to the public at a discount via Internet Emails to over 70 million opt-in travel enthusiasts that are seeking a last minute discounted travel product. The traveler will link directly to the travel supplier and purchase the desired travel products directly from the supplier.

The company's management team continues to reposition the company's new business model: Travel Hot Link's website has been updated, the company has obtained additional equity funding, and the move to Ft. Lauderdale will make it easier to find its sales force.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.net. Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: www.lasvegasexcitement.com; and a cruise only company offering discounted cruises: www.cruiseexcitement.com to the public.

Additional information:

Contact:
David Scott
COO
[e-mail]
http://www.invictatravelgroup.com

[SlayGrosswildjaeger]

Antwort auf Beitrag Nr.: 21.029.530 von Tippgeber1 am 31.03.06 15:49:56

Wie meinst Du das? Welcome back? Ich war die ganze Zeit da!!!

[SlayGrosswildjaeger]

Antwort auf Beitrag Nr.: 21.390.822 von Tippgeber1 am 01.05.06 16:17:26

Du sagst es: NERVEN AUS GEHÄRTETEM DEUTSCHEN KRUPP-STAHL sollte man hier haben!

LG Slay

[Toth]

Antwort auf Beitrag Nr.: 21.417.230 von SlayGrosswildjaeger am 03.05.06 15:27:03

ganz genau slay

[Toth]

Detailed Quote Snapshot 05/05/2006 11:43 AM
Last:
0.0017

ivga - INVICTA GROUP INC
Change:


% Change:
%

High:
0.0017

Low:
0.0013

Volume:
103,000
Price Data Table
Open 0.0013
Previous Close 0.0017
Exchange of Last Sale OTCBB
Time of Last Sale 11:34:26
Tick Up
Bid 0.0013
Ask
Size Bid/Ask 50x50
Symbol Type Equity

[Toth]

na wenn wir wieder über 002 beleben wir den thread wieder.

[Toth]

[Toth]

[Toth]

bis dahin

[Tippgeber1]

slay und toth schlaft ihr
warum habt ihr die news nicht gepostet

wieder news

Stocks >> NEWS


Invicta Group Inc. Completing Due Diligence to Acquire 70M E-mails


FT. LAUDERDALE, FL -- (MARKET WIRE) -- 05/08/06 -- Invicta Group Inc. (OTC BB: IVGA) announced today the company is completing the due diligence to acquire a 70 million E-mail database of opt-in travel enthusiast records for its subsidiary Travel Hot Link.

David Scott, the company's COO reports, "We will have the audit completed on the database in 7-10 days and plan to close on the acquisition in 15 working days. The purchase of the database will provide Travel Hot Link with one of the largest Email databases of opt-in travel enthusiasts. We will also start profiling the database targeting by zip code, travel interests, hobby, and specific interests of each Email owner; the results will give us the ability to target Email campaigns for specific customers."

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 40 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, Tour Packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site www.travelhotlink.com Invicta also owns a Las Vegas tour operator offering travel and entertainment products for Las Vegas travelers: www.lasvegasexcitement.com; and a cruise only company offering discounted cruises: www.cruiseexcitement.com to the public.

Additional information:
Contact David Scott COO
[e-mail]
www.invictatravelgroup.com



Grüssels
dat Tippgeberchen

[Tippgeber1]

liebe invicta aktionäre,

so langsam scheint es wieder loszugehen. solch ein
volumen bei steigenden kursen, sehe ich positiv. ich
werde daher morgen nochmal nachkaufen. der kurs ist
immer noch ziemlich weit unten, trotz der heutigen
steigerungen. jeder muss aber selber wissen, was
er tut. viel falsch machen, kann man bei solchen
kursen aber wohl kaum, da sind wir uns wohl alle
mal einig.

könnte da größeres in der pipeline sein?


0.0011

IVGA -

Change:+ 37,5%

High:0.0012

Low:0.0009

Volume:68,997,101




Grüssels
Tippgeber1

[Tippgeber1]

großartige neuigkeiten

Invicta Group Inc.: Management Converts Deferred Compensation to Stock


FORT LAUDERDALE, FL -- (MARKET WIRE) -- 10/05/06 -- Invicta Group Inc. (OTCBB: IVGA) announced today the company\'s senior management has agreed to convert $150,000 deferred compensation to Preferred Stock. The conversion price was $.001, more than double the current stock price.

The company\'s CEO and COO both converted $75,000 of deferred compensation to stock because they believe in the company\'s future.

William Forhan, CEO, stated, "We believe the stock price is under-valued, and it is in the best interest of the company to reduce Invicta\'s Liabilities of $150,000. We have confidence that the future for Invicta is positive, revenues are increasing and we strive for profitability in the near future."

Invicta changed its business model from an online travel supplier to an Internet Media Company in 2006 and markets the company under the name of Travel Hot Link (THL). THL now has the ability to distribute more than 10,000,000 Emails a week to its opt-in database of Travel Enthusiasts that are seeking last-minute travel discounts.

E-marketing is the only form of advertising that allows advertisers to know the results of their efforts, and offers advertisers a media to communicate discounts on travel products at the last minute. Forrester forecasts spending on E-mail marketing will grow from $1.3B (US) in 2001 to $6.8B in 2006 and Jupiter Media Metrix is even more optimistic, forecasting growth rates from $1B in 2001 to $9.4B in 2006.

THL website\'s traffic continues to grow: Alexa Internet Inc. ranks Travelhotlink.com Website Review as 5 stars, and its traffic rank for the past 3 months averages 107,742 most-visited website vs. ranking in May 2006 at 1,326,042; the lower the ranking the higher the viewers. The pages read for the past 3 months averaged 6.7 pages per viewer.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site.

Contact
David Scott
COO
[e-mail]
www.invictatravelgroup.com


Grüssels
Tippi

[Tippgeber1]

wahnsinn!!!!!

Übernahme einer E-marketing Firma!


Invicta Group Inc. Signed Letter of Intent to Acquire an EMarketing Company; Acquiring 70 Million Email Addresses
Invicta Group Inc. (OTCBB: IVGA) announced today the company has signed a Letter of Intent to acquire an EMarketing Company.

The company has experienced management that has been in the Email Marketing business for years and has accumulated over 70 Million Email addresses in the USA. The database of Emails is profiled by demographic local and key interests, including Travel enthusiasts and broken down further to target travelers interests: Cruising, Gambling, Golfing, Escorted Tours and travel budgets.

David Scott, COO, IVGA, states, "We hope to close this acquisition within a week and start using their management team to help grow Travel Hot Link with their targeted profiled database. We will create a separate subsidiary that will be our EMarketing company; offering our combined databases to companies that want to market to Millions of potential new customers. Our goal is to generate a new revenue stream and enhance our current business."

The E-Mail and viral marketing technology is tailored for companies who want to increase ROI and brand recognition through acquisition and retention of their customer base. They can give companies the ability to send targeted and on-topic e-mail messages to opt-in subscribers and contacts. This enables clients to save money, improve customer relationships and most importantly, increase their overall ROI.

INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel Industry. The company offers an Internet database of 70 million travel enthusiasts discounted travel products: airline tickets, hotel rooms, tour packages, cruise cabins and car rentals on the Internet 24/7 through their B-2-C web site.

Source: Market Wire (November 2, 2006 - 11:27 AM EST)

[Tippgeber1]

hier mal die übersetzung

Invicta Group Inc. zeichnete Absichtserklärung, um ein EMarketing Unternehmen zu erwerben; 70 Millionen E-Mail zu erwerben, spricht an Invicta gruppieren Inc. (OTCBB: IVGA) kündigte an, dass heute das Unternehmen eine Absichtserklärung gezeichnet hat, um ein EMarketing Unternehmen zu erwerben.

Das Unternehmen hat Leitung erfahren, die für Jahre im E-Mail-Marketinggeschäft gewesen ist und sich über 70 Millionen E-Mail-Anschriften in den USA summiert hat. Die Datenbank von E-Mails ist von demographischen lokalen und Schlüsselzinsen porträtiert, Reiseenthusiasten einschliessend und zerbrochen unten weiter, um Vertreter zu richten, interessiert: Zu kreuzen, wettend, Golf spielend, begleitete Touren und Reisehaushaltspläne.

David scott, COO, IVGA gibt an, "wir hoffen, um diesen Erwerb innerhalb von einer Woche abzuschliessen und zu beginnen, ihr Führungsteam zu benutzen, um zu wachsen zu helfen, bereisen heisse Verbindung mit ihrer gerichteten porträtierten Datenbank. Wir schaffen eine separate Tochtergesellschaft, die unser EMarketing Unternehmen sein wird; Unternehmen unsere gemeinsamen Datenbanken anbieten dieses Bedürfnis, das zu Millionen von potentiellen neuen Kunden zu vermarkten ist. Unser Ziel ist, einen neuen Einnahmestrom zu generieren und unser gegenwärtiges Geschäft zu verbessern."

Die E-Mail, und Virusmarketingtechnik ist massgeschneidert für Unternehmen, die ROI und Markenerkennung durch Erwerb und Einbehaltung ihrer Kundenbase steigern wollen. Sie können Einwilligungsunterzeichnern und Kontakten Unternehmen, die die Fähigkeit zu senden richtete, und auf Thema E-Mail-Nachrichten geben. Dies ermöglicht Kunden, Geld zu sparen, Kundenbeziehungen zu verbessern und ihr allgemeines ROI am bedeutendsten zu steigern.

INVICTA Gruppe INC. ist ein Internetmedienunternehmen, das sich auf die Reiseindustrie spezialisiert. Das Unternehmen bietet einer Internetdatenbank von 70 Millionen Reiseenthusiasten diskontierte Reiseprodukte an: Fluggesellschaftskarten, Hotelzimmer, Tourpakete, Kreuzfahrtkabinen und Autovermietungen im Internet 24/7 durch ihre B -2-C Website.

Quelle: Vermarkte Leitung (2. November, 2006 - 11:27 a.m. EST

[Tippgeber1]

Invicta fusioniert - Gewinnpotential

* Phantasie durch Akquisition
* Kurs Aktuell : 0,0008 Cent ( IVGA, Wkn: A0BMK9 / Berlin )
* Mindestens 500 % Kurspotential auf Sicht von 12 Monaten

Invicta Group befindet sich schon länger auf unserer Watchlist. Am Donnerstag und Freitag sind die Umsätze an der OTCBB dramatisch angezogen und erreichten über 50. Mio gehandelte Shares.

Hintergrund sind die sensationellen Meldungen der letzten Tage, wobei Invicta zum einen eine Finanzierung über 250 TSD USD erhält und eine E-mail Marketing Gesellschaft mit einem Bestand von 70 Mio. Emailadressen übernimmt.

Bei der Übernahme handelt es sich um die Marketing Abteilung der Extraordinary Vacations (http://www.exvg.com/exvg/) Group, die selbst börsennotiert sind und zur Zeit bei 30 Cent stehen.

Demnach verkauft EXVG ihre Marketingabteilung an IVGA und erhält eine Beteiligung von 50% der Gewinne aus dieser Gesellschaft für den Zeitraum von 5 Jahren, sowie prefered Shares von Invicta. Diese prefered Shares können in normale Shares gewandelt werden, wobei ein maximaler Betrag von 700.000 USD in Aktienwert die Obergrenze darstellt. Als zusätzliche Ausgleichszahlung zahlt EXVG einen betrag in Höhe von 250.000 USD an IVGA und garantiert ein jährliches Auftragsvolumen von 100.000 USD an IVGA.

Per Saldo gleicht die gesamte Transaktion einem Merger. Wobei EXVG einen nicht unerheblichen Anteil an IVGA halten wird und zudem über 5 Jahre zu 50% an den Gewinnen der neuen Tochtergesellschaft beteiligt ist.

Für Invicta ergeben sich enorme Synergien, da die Gesellschaft nun wesentlich breiter aufgestellt ist, eine deutliche Kapitalspritze bekommt und vor allen Dingen einen wichtigen neuen Kunden gewonnen hat.

Der Unternehmenswert der gesamten Einheit sollte somit deutlich höher sein als vor der Transaktion, zudem nun eine nachhaltige Profitabilität gewährleistet ist. Die Bewertung liegt im Moment bei gerade einmal 0,5 Mio USD. Das operative Geschäft in der Tochter Travel Hot Link kam in den letzten Monaten in Schwung und sorgt für genügend Deckungsbeitrag, so dass die Verlustzone verlassen werden konnte.

Auf dem aktuellen Niveau von 0,0008 Cent ist IVGA ein klarer Kauf: WKN A0BMK9 / Berlin oder IVGA am OTC:BB


Beachten Sie auch das Interview mit dem CEO Bill Forhan !

Ihre Redaktion von Small-Cap-News


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[welltom]

Antwort auf Beitrag Nr.: 25.144.358 von Tippgeber1 am 05.11.06 03:27:43

in Berlin kann ich den Wert aber nicht finden, Kürzel falsch ??