Section 2 QUARTERLY DISCLOSURE 3/31/10
Item I: EXACT NAME OF ISSUER AND PREDECESSOR AND ADDRESS (if any):
The name of the Issuer is The Amergence Group Inc., previously known as:
11/12/1998: TI-Mail Inc.
04/10/2000: Desert Winds Entertainment, Inc.
11/06/2002: SunnComm, Inc.
04/19/2004: SunnComm Technologies, Inc.
Physical Address:
Item II: SHARES OUTSTANDING FOR EACH CLASS OF SECURITIES AUTHORIZED
PREFERRED SERIES B STOCK
(i) March 31, 2010
(ii) Number of Shares Authorized
COMMON STOCK
(i) March 31, 2010
(ii) Number of Shares Authorized
Olde Monmouth Stock Transfer Co., Inc.
Matthew J. Troster
200 Memorial Parkway
Atlantic Highlands, NJ 07716
Phone (732) 872-2727
Fax (732) 872-2728
matt@oldemonmouth.com
Item III: INTERIM FINANCIAL STATEMENTS
The interim financial statements for the quarter ended on March 31, 2010, are attached at the end of this quarterly update.
They include the consolidated Balance Sheet, the consolidated Statements of Operations, the consolidated statements of
Stockholders Deficit, the consolidated statement of Cash Flows and the footnotes to the Unaudited Financial Statements.
For the nine months ended March 31, 2010 vs. March 31, 2009
During the first quarter ended September 30, 2008, the company issued 10,000,000 common shares to its president for
payment $100,000 of debt owed to him.
On November 6, 2008, the company issued 2,525,000 common shares valued at $25,525 to an individual for payment of
accrued interest on an outstanding note payable.
During the last 2008 fiscal quarter the company issued 1,400,000 common shares to David L. Kahn in settlement of
numbered paragraphs 110 and 112 of the Second Amended Complaint filed by Mr. Kahn against the Company on
February 3, 2009 in the Fresno County Superior Court for the State of California, Case Number 08CECG01827 DSB for
Mr. Kahn's 9.9% ownership in the Company's common stock. Also during the last 2008 fiscal quarter the Company
issued 3,900,000 common shares in settlement of $71,009 of various outstanding debts including an outstanding
debenture payable.
At June 30, 2009 the Company had authorized 125,000,000 common shares at par value $.001 and had 18,502,416
common shares issued and outstanding. Each common share has one vote for each share held.
During the quarter ended September 30, 2009 the Company issued 21,800,000 common shares for debt, thereby reducing
its debt by $289,000. A total 11,800,000 shares were issued to three companies and four individuals valued at $189,000
and 10,000,000 common shares were issued to the Company's president for debt valued at $100,000.
During the quarter ended December 31, 2009 the Company issued 5,300,000 common shares for debt, thereby reducing its
debt by $53,600. A total of 5,000,000 shares were issued to a company for consulting services rendered valued at $50,000
and 300,000 common shares were issued to two individuals for legal and accounting services valued at $3,600.
During the quarter ended March 31, 2010 the Company issued 10,000,000 common shares for debt, thereby reducing its
debt by $100,000 for consulting services and issued 2,000,000 common shares under a debenture for interest expense of
2010.
During the fourth quarter of 2009 the Internal Revenue service notified the Company of its intent to place a lien on all of
its assets until taxes that are owing are paid in full.
Mr. David Kahn, former council and shareholder of the Company holds a $234,723 convertible debenture plus accrued
interest. Mr. Kahn has sued the company for payment on the debenture. Representatives of the Company are currently in
settlement negotiations with Mr. Kahn and, although the negotiations look promising, there are no assurances that these
settlement negotiations will be successfully completed and the action dropped.
On June 18th, 2009, the Corporation issued 1,400,000 shares of its $0.001 par value Common Stock (the "Shares") to
David L. Kahn, an individual, in settlement of numbered paragraphs 110 and 112 of the Second Amended Complaint filed
by Mr. Kahn against the Corporation on February 3, 2009 in the Fresno County Superior Court for the State of California,
Case No. 08CECG01827 DSB for Mr. Kahn's 9.9% ownership in the Corporation's common stock which was paid for in
full on or before March 6th, 2007.
Item VI: DEFAULTS UPON SENIOR SECURITIES
None
Item VII: OTHER INFORMATION
(
which potentially represents millions of dollars in revenue for the Company. In addition, the contract terms call
for PanPacific to pay Amergence a royalty of $0.20US for each unit incorporating the technology.
(
millions of dollars in revenue for Amergence should the product prove popular with consumers in PanPacific's
growing music and entertainment concert business.
develop resources for the small technology group through its initial development stages. In exchange for
providing such services, Amergence will earn equity in Serious Mumbo (
pending the resolution of a dispute between David Kahn and The Company. (see Legal Proceedings).
None
Item IX: CERTIFICATIONS
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 disclosure statement; and
reference in this disclosure statement, fairly present in all material respects the financial condition, results of
operations and cash flows of the issuer as of, and for, the periods presented in this disclosure statement.
___________________________
/s/ Peter H. Jacobs,
CEO and President