UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 10QSB
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(Mark One)
[ X ] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934
For the quarterly period ended March 31, 2007
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
For the transition period from __________ to ___________
Commission file number : 000-30145
JOINTLAND DEVELOPMENT, INC.
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(Exact name of registrant as specified in its charter)
Florida 59-3723328
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(State of Incorporation) (IRS Employer ID Number)
7th Floor, New Henry House, No. 10 Ice House Street, Central, Hong Kong, China
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(Address of principal executive offices)
011-852-2824-0008
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(Registrant's Telephone number)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 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 the filing requirements for the past 90
days. Yes [X] No [ ]
Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes [X] No [ ]
Indicate the number of share outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
As of May 9, 2007, there were 1,979,965 shares of the registrant's sole class of
common shares outstanding.
Transitional Small Business Disclosure Format (Check one): Yes [ ] No [X]
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements (Unaudited) Page
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Report of Independent Registered Public Accounting Firm F-1
Balance Sheets - March 31, 2007 and December 31, 2006 F-2
Statements of Operations -
Three months ended March 31, 2007 and 2006 and
From May 25, 1988 (Inception) to March 31, 2007 F-3
Statement of Changes in Stockholders' Deficit -
From May 25, 1988 (Inception) to March 31, 2007 F-4
Statements of Cash Flows -
Three months ended March 31, 2007 and 2006 and
From May 25, 1988 (Inception) to March 31, 2007 F-5
Notes to Financial Statements F-6
Item 2. Management's Discussion and Analysis 3
Item 3. Controls and Procedures 4
Item 3A(T). Controls and Procedures 5
PART II - OTHER INFORMATION
Item 1. Legal Proceedings -Not Applicable 5
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 5
- Not Applicable
Item 3. Defaults Upon Senior Securities - Not Applicable 5
Item 4. Submission of Matters to a Vote of Security Holders - Not Applicable 5
Item 5. Other Information - Not Applicable 5
Item 6. Exhibits 5
SIGNATURES 6
PART I
ITEM 1. FINANCIAL STATEMENTS
JASPERS + HALL, PC
CERTIFIED PUBLIC ACCOUNTANTS
9175 Kenyon Avenue, Suite 100
Denver, CO 80237
303-796-0099
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Board of Directors
Jointland Development, Inc.
We have reviewed the accompanying Balance Sheets of Jointland Development, Inc.
(A Development stage Company) as of March 31, 2007 and the related statements of
operations, the statement of stockholders' equity (deficit) and cash flows for
the three-month ended March 31, 2007. These financial statements are the
responsibility of the Company's management.
We conducted our reviews in accordance with the standards of the Public Company
Accounting Oversight Board (United States). A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with the standards of the Public Company Accounting Oversight Board (United
States), the objective of which is the expression of an opinion regarding the
financial statements as a whole. Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying interim financial statements for them to be in
conformity with accounting principles generally accepted in the United States.
The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note 2, conditions
exist which raise substantial doubt about the Company's ability to continue as a
going concern unless it is able to generate sufficient cash flows to meet its
obligations and sustain its operations. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.
/s/ Jaspers + Hall, PC
Jaspers + Hall, PC
May 14, 2007
F-1
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Balance Sheets
March 31, December 31,
2007 2006
(Unaudited) (Audited)
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Assets
Current Assets:
Cash $ 7 $ 7
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Total Current Assets 7 7
----------------- -----------------
Total assets $ 7 $ 7
================= =================
Liabilities and Stockholders' Equity (Deficit)
Current liabilities:
Accounts payable and accrued liabilities $ 75,219 $ 70,524
Advance payable, related party 6,985 6,985
Note payable, related party 245,830 245,830
----------------- -----------------
Total current liabilities 328,034 323,339
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Stockholders' equity (deficit)
Common Stock, $0.001par value; 100,000,000 shares 1,981 1,981
authorized 1,979,965 shares issued and outstanding
March 31, 2007 and December 31, 2006, respectively
Additonal paid in capital 3,480,670 3,480,670
Deficit accumulated during the development stage (3,810,678) (3,805,983)
----------------- -----------------
Total stockholders' equity (deficit) (328,027) (323,332)
----------------- -----------------
Total liabilities and stockholders' equity (deficit) $ 7 $ 7
================= =================
See accountants' review report and notes to these financial statements.
F-2
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Statements of Operations
(Unaudited)
May 25, 1988
Three Months Ended (Inception) to
March 31, March 31,
2007 2006 2007
--------------- --------------- ------------------
Revenue
Revenue $ - $ - $ 846,545
Cost of sales - - (336,524)
--------------- --------------- ------------------
Gross Profit - - 510,021
--------------- --------------- ------------------
Operational expenses:
Doubtful accounts - - 34,469
Consulting fees - - 2,189,459
Legal and accounting 1,309 10,418 296,090
Advertising - - 14,542
Directors and officer fees - - 1,409,500
Telephone - - 30,412
Transfer fees - - 150
Travel - - 21,935
Rent - - 52,594
Other general expenses - 43 249,688
--------------- --------------- ------------------
Total operational expenses 1,309 10,461 4,298,839
--------------- --------------- ------------------
Loss from operations (1,309) (10,461) (3,788,818)
--------------- --------------- ------------------
Other Income (expense):
Interest income - - 4,021
Interest expense (3,386) - (25,881)
--------------- --------------- ------------------
Net loss $ (4,695) $ (10,461) $(3,810,678)
=============== =============== ==================
Net loss per share of common
stock $ * $ (0.01)
=============== ===============
Weighted average number of common
stock outstanding 1,979,965 1,979,965
=============== ===============
* Less than ($0.01) per share.
See accountants' review report and notes to these financial statements.
F-3
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Consolidated Stockholders' Equity (Deficit)
March 31, 2007
(Unaudited)
Deficit
Additional accum. during
Comon Stock paid-in the development
# of Shares Amount capital stage Totals
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 1997 87,955 $ 88 $ 208,875 $ (208,963) $ -
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 1998 87,955 88 208,875 (208,963) -
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 1999 87,955 88 208,875 (208,963) -
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2000 87,955 88 208,875 (208,963) -
------------- ----------- ------------- ---------------- -------------
Issuance of stock for services 68,000 68 3,332 - 3,400
Net loss - - - (39,462) (39,462)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2001 155,955 156 212,207 (248,425) (36,062)
------------- ----------- ------------- ---------------- -------------
Issuance of common stock for cash 400 1 1,999 - 2,000
Issuance of common stock for services 136,000 136 679,864 - 680,000
Issuance of common stock for services 20,000 20 99,980 - 100,000
Issuance of commonstock for services 10,000 10 49,990 - 50,000
Issuance of common stock for services 14,200 14 71,023 - 71,037
Issuance of common stock for
asset acquisition 35,000 35 656,215 - 656,250
Issuance of common stock for services 11,800 12 58,988 - 59,000
Issuance of common stock for cash 1,600 1 19,999 - 20,000
Issuance of common stock for services 98,900 99 494,401 - 494,500
Net loss - - - (2,103,229) (2,103,229)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2002 483,855 484 2,344,666 (2,351,654) (6,504)
------------- ----------- ------------- ---------------- -------------
Issuance of common stock for services 55,500 55 254,945 - 255,000
Issuance of common stock for services 52,600 53 254,947 - 255,000
Issuance of common stock for services 2,000 2 9,998 - 10,000
Issuance of common stock for services 36,000 36 179,964 - 180,000
Net loss - - - (746,134) (746,134)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2003 629,955 630 3,044,520 (3,097,788) (52,638)
------------- ----------- ------------- ---------------- -------------
Issuance of common stock for cash 1,000,000 1,000 249,000 - 250,000
Issuance of common stock for services 150,000 150 37,350 - 37,500
Issuance of common stock for services 10 1 - - 1
Issuance of common stock for cash 200,000 200 149,800 - 150,000
Net loss - - - (556,182) (556,182)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2004 1,979,965 1,981 3,480,670 (3,653,970) (171,319)
------------- ----------- ------------- ---------------- -------------
Net loss - - - (109,584) (109,584)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2005 1,979,965 1,981 3,480,670 (3,763,554) (280,903)
------------- ----------- ------------- ---------------- -------------
Net loss - - - (42,429) (42,429)
------------- ----------- ------------- ---------------- -------------
Balance - December 31, 2006 1,979,965 1,981 3,480,670 (3,805,983) (323,332)
------------- ----------- ------------- ---------------- -------------
Net loss - - - (4,695) (4,695)
------------- ----------- ------------- ---------------- -------------
Balance - March 31, 2007 1,979,965 $ 1,981 $3,480,670 $ (3,810,678) $ (328,027)
============= =========== ============= ================ =============
See accountants' review report and notes to these financial statements.
F-4
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Statements of Cash Flows
(Unaudited)
May 25, 1988
Three Months Ended (Inception) to
March 31, March 31,
2007 2006 2007
-------------- -------------- -----------------
Cash flows from operating activities:
Net loss $ (4,695) $ (10,461) $ (3,810,678)
Stock issued for services - - 2,195,437
Adjustments to reconcile net loss to net cash used
in operating activities
Increase in accounts payable and accrued liabilities 4,695 2,102 89,134
-------------- -------------- -----------------
Total adjustments 4,695 2,102 2,284,571
-------------- -------------- -----------------
Net cash used in operating activities - (8,359) (1,526,107)
-------------- -------------- -----------------
Cash flows from financing activities:
Proceeds from notes payable, related party - 1,717 231,915
Proceeds from advances payable, related party - 6,610 6,985
Issuance of common stock for asset acquisition - - 656,250
Issuance of common stock - - 630,964
-------------- -------------- -----------------
Net cash flows provided by financing activities - 8,327 1,526,114
-------------- -------------- -----------------
Net (decrease) increase in cash $ - $ (32) $ 7
-------------- -------------- -----------------
Cash and cash equivalents, beginning 7 144 -
-------------- -------------- -----------------
Cash and cash equivalents, ending $ 7 $ 112 $ 7
============== ============== =================
Supplemental disclosure of cash flow information:
Cash paid for interest $ - $ - $ 8,577
============== ============== =================
Cash paid for income taxes $ - $ - $ -
============== ============== =================
Supplemental disclosure of non-cash transactions:
Common stock issued in exchange for services $ - $ - $ 2,195,437
============== ============== =================
See accountants' review report and notes to these financial statements.
F-5
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2007
(Unaudited)
Note 1. Organization, Basis of Presentation and Significant Accounting Policies:
Organization:
The accompanying consolidated financial statements include the accounts of
Jointland Development, Inc., a Florida corporation, (the "Company") and its
wholly-owned subsidiary, Corporate Empire Limited ("Corporate Empire"). All
significant intercompany accounts and transactions have been eliminated in
consolidation.
Basis of Presentation - Development Stage Company:
The Company has not earned significant revenues from limited principal
operations. Accordingly, the Company's activities have been accounted for as
those of a "Development Stage Enterprise" as set forth in Financial Accounting
Standards Board Statement No. 7 ("FASB 7"). Among the disclosures required by
FASB 7 are that the Company's financial statements be identified as those of a
development stage company, and that the statements of operations, stockholders'
equity (deficit) and cash flows disclose activity since the date of the
Company's inception.
Foreign Currency Translation:
The financial statements of the Company's foreign subsidiary are measured using
the local currency (the Hong Kong Dollar) as the functional currency. Assets and
liabilities of the subsidiaries are translated at exchange rates as of the
balance sheet date. Revenues and expenses are translated at average rates of
exchange in effect during the period.
Foreign Currency Transactions:
Gains and losses from foreign currency transaction are included in net income
(loss). Foreign currency transaction gains and losses were not significant
during the years ended December 31, 2006 and 2005.
Loss Per Share:
Loss per share is based on the weighted average number of common shares
outstanding during the period.
Other Comprehensive Income:
The Company has no material components of other comprehensive income (loss), and
accordingly, net loss is equal to comprehensive loss in all periods.
F-6
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2007
(Unaudited)
Recently Issued Accounting Pronouncements:
In June 2006, the FASB issued Interpretation No. 48, Accounting for Uncertainty
in Income Taxes - An Interpretation of FASB Statement No. 109, (FIN 48). FIN 48
clarifies the accounting for uncertainty in income taxes recognized in an
enterprise's financial statements in accordance with FASB Statement No. 109,
Accounting for Income Taxes. FIN 48 also prescribes a recognition threshold and
measurement attribute for the financial statement recognition and measurement of
a tax position taken or expected to be taken in a tax return that results in a
tax benefit. Additionally, FIN 48 provides guidance on de-recognition, income
statement classification of interest and penalties, accounting in interim
periods, disclosure, and transition. This interpretation is effective for the
Company for its fiscal year ending December 31, 2007. The Company has not yet
evaluated the effect that the application of FIN 48 may have, if any, on its
future results of operations and financial condition.
In September 2006, the FASB issued SFAS No. 157, "Fair Value Measurements". This
statement defines fair value, establishes a framework for measuring fair value
in generally accepted accounting principles, and expands disclosures about fair
value measurements. This statement applies under other accounting pronouncements
that require or permit fair value measurements. SFAS No. 157 is effective for
the Company for its fiscal year beginning on July 1, 2008. The Company is
currently assessing the impact the adoption of SFAS No. 157 will have on its
financial statements.
On February 15, 2007, the FASB issued SFAS No. 159, "The Fair Value Option for
Financial Assets and Financial Liabilities - Including an Amendment of FASB
Statement No. 115." This standard permits an entity to measure many financial
instruments and certain other items at estimated fair value. Most of the
provisions of SFAS No. 115 ("Accounting for Certain Investments in Debt and
Equity Securities) applies to all entities that own trading and
available-for-sale securities. The fair value option created by SFAS No. 159
permits an entity to measure eligible items at fair value as of specified
election dates. Among others, eligible items exclude (1) financial instruments
classified (partially or in total) as permanent or temporary stockholders'
equity (such as a convertible debt security with a non-contingent beneficial
conversion feature) and (2) investments in subsidiaries and interests in
variable interests that must be consolidated. A for-profit business entity will
be required to report unrealized gains and losses on items for which the fair
value option has been elected in its statements of operations at each subsequent
reposting date. The fair value option (a) may generally be applied instrument by
instruments, (b) is irrevocable unless a new elections date occurs, and (c) must
be applied to the entire instrument and not to only a portion of the instrument.
SFAS No. 159 is effective as of the beginning of the first fiscal year that
begins after November 15, 2007. The Company has not yet evaluated the effect
that the application of SFAS No. 159, may have, if any, on its future results of
operations and financial condition.
F-7
JOINTLAND DEVELOPMENT, INC.
(A Development Stage Company)
Notes to the Consolidated Financial Statements
March 31, 2007
(Unaudited)
Note 2 Going Concern and Results of Operations:
The financial statements of the Company have been presented on the basis that
they are a going concern, which contemplates the realization of assets and the
satisfaction of liabilities in the normal course of business. The Company
reported a net loss of $4,695 for the three months ended March 31, 2007, and an
accumulated deficit during the development stage of $3,810,678. The Company's
current liabilities exceed current assets by $328,027 at March 31, 2007.
The future success of the Company is likely dependent on its ability to attain
additional capital, or to find an acquisition to add value to its present
shareholders and ultimately, upon its ability to attain future profitable
operations. There can be no assurance that the Company will be successful in
obtaining such financing, or that it will attain positive cash flow from
operations. Management believes that actions presently being taken to revise the
Company's operating and financial requirements provide the opportunity for the
Company to continue as a going concern.
Note 3 Notes payable and Advances payable, related parties:
Advance payable, related party:
During the year ended December 31, 2006, Mr. Chen Yorung, a director of the
Company, advanced an amount of $6,985 to the Company to pay for operational
expenses. The amount is unsecured, interest free and has no fixed terms of
repayment.
Note payable, related party:
During the year ended December 31, 2005, Praise Direct Holding, a stockholder of
the Company, advanced funds of $245,830 to the Company in the form of a 6%
interest bearing promissory note. At March 31, 2007, the note accrued interest
of $17,240. The note is due upon demand. At March 31, 2007, the promissory note
was still outstanding.
Note 4 Stockholders' Deficit:
The authorized capital stock of the Company is 100,000,000 shares of common
stock at $0.001 par value. During the three months ended March 31, 2007, the
Company did not issue any shares of common stock.
Note 5 Segment Information:
The Company operates primarily in a single operating segment, the asset
management and capital raising business.
F-8
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
The following discussion should be read in conjunction with our unaudited
financial statements and notes thereto included herein. In connection with, and
because we desire to take advantage of, the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995, we caution readers regarding
certain forward looking statements in the following discussion and elsewhere in
this report and in any other statement made by, or on our behalf, whether or not
in future filings with the Securities and Exchange Commission. Forward-looking
statements are statements not based on historical information and which relate
to future operations, strategies, financial results or other developments.
Forward looking statements are necessarily based upon estimates and assumptions
that are inherently subject to significant business, economic and competitive
uncertainties and contingencies, many of which are beyond our control and many
of which, with respect to future business decisions, are subject to change.
These uncertainties and contingencies can affect actual results and could cause
actual results to differ materially from those expressed in any forward looking
statements made by, or on our behalf. We disclaim any obligation to update
forward-looking statements.
The independent registered public accounting firm's report on the Company's
financial statements as of December 31, 2006, and for each of the years in the
two-year period then ended, includes a "going concern" explanatory paragraph,
that describes substantial doubt about the Company's ability to continue as a
going concern. Management's plans in regard to the factors prompting the
explanatory paragraph are discussed below and also in Note 2 to the unaudited
quarterly financial statements.
RESULTS OF OPERATION
Results of Operations for the Three Months Ended March 31, 2007 Compared to the
Three Months Ended March 31, 2006
The Company did not recognize any revenues during the three months ended March
31, 2007 and March 31, 2006. We anticipate that the Company will not generate
any significant revenues until we achieve our business objective of operating
revenues, of which there can be no assurance.
During the three months ended March 31, 2007, operating expenses were $1,309
compared to $10,461 in the three months ended March 31, 2006. The $9,152
decrease was due to a decrease in our professional fees.
Interest expense for the three months ended March 31, 2007 and 2006 were $3,386
and $0, respectively. We did not recognize any interest income during the three
months ended March 31, 2007 and March 31, 2006, respectively.
During the three months ended March 31, 2007, the Company recognized a net loss
of $4,695 compared to a net loss of $10,461, during the three months ended March
31, 2006. The decrease of $5,766 was due mostly to the $9,152 decrease in
operation expense offset by the $3,386 increase in interest expense. Net loss
per share was nominal during the three months ended March 31, 2007 and net loss
per share was ($0.01) per share during the three months ended March 31, 2006.
LIQUIDITY AND CAPITAL RESOURCES
During the three months ended March 31, 2007, the Company did not use any cash
in its operating activities. The Company had cash of $7 at March 31, 2007. The
Company did not receive any funds through either financing or investing
activities. At March 31, 2007, the Company currently has a working capital
deficit of $328,027 and current liabilities exceed current assets by $328,027.
3
At March 31, 2007, we had $7 in cash. The Company will need to raise capital
through loans or private placements in order to carry out any operational plans.
The Company does not have a source of such capital at this time.
Going Concern
The Company's financial statements have been presented on the basis that it is a
going concern, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business.
The Company is in the development stage and has not earned any revenue from
operations. The Company's ability to continue as a going concern is dependent
upon its ability to develop additional sources of capital or locate a merger
candidate and ultimately, achieve profitable operations. The accompanying
financial statements do not include any adjustments that might result from the
outcome of these uncertainties. Management is seeking new capital to revitalize
the Company.
ADDITIONAL FINANCING
NEED FOR ADDITIONAL FINANCING
The Company believes it has insufficient capital to meet its short-term cash
needs, including the costs of compliance with the continuing reporting
requirements of the Securities Exchange Act of 1934. If the losses continue it
may have to seek loans or equity placements to cover longer term cash needs to
continue operations and expansion.
There have been no commitments to provide additional funds made by management or
other stockholders. Accordingly, there can be no assurance that any additional
funds will be available to the Company to allow it to cover operations expenses.
If future revenue declines or operations are unprofitable, it will be forced to
develop another line of business, or to finance its operations through the sale
of assets it has, or enter into the sale of stock for additional capital, none
of which may be feasible when needed. The Company has neither specific
management ability, nor financial resources or plans to enter any other business
as of this date.
ITEM 3. CONTROLS AND PROCEDURES
a. Evaluation of Disclosure Controls and Procedures:
The management of the company has evaluated the effectiveness of the issuer's
disclosure controls and procedures as of the end of the period of the report
March 31, 2007 and have concluded that the disclosure controls, internal
controls and procedures are adequate and effective based upon their evaluation
as of the evaluation date.
b. Changes in Internal Control over Financial Reporting:
There were no changes in the small business issuers internal control over
financial reporting identified in connection with the Company evaluation
required by paragraph (d) of Rule 13a-15 or Rule 15d-15 under the Exchange act
that occurred during the small business issuers last fiscal quarter that has
materially affected or is reasonable likely to materially affect, the small
business issuers internal control over financial reporting.
4
ITEM 3(A)T. CONTROLS AND PROCEDURES
There have been no changes in the small business issuers internal control over
financial reporting identified in connection with the evaluation required by
paragraph (d) of Rule 240.15d-15 that occurred during the small business
issuer's last fiscal quarter that has materially affected, or is reasonable
likely to materially affect, the small business issuer's internal control over
financial reporting.
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
NONE
ITEM 2. CHANGES IN SECURITIES
NONE.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
NONE
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
NONE.
ITEM 5. OTHER INFORMATION
NONE.
ITEM 6. EXHIBITS
Exhibits. The following is a complete list of exhibits filed as part of this
Form 10-QSB. Exhibit numbers correspond to the numbers in the Exhibit Table of
Item 601 of Regulation S-B.
Exhibit 31.1 Certification of Chief Executive Officer pursuant to Section
302 of the Sarbanes-Oxley Act
Exhibit 31.2 Certification of Chief Financial Officer pursuant to Section
302 of the Sarbanes-Oxley Act
Exhibit 32.1 Certification of Principal Executive Officer pursuant to
Section 906 of the Sarbanes-Oxley Act
Exhibit 32.2 Certification of Principal Financial Officer pursuant to
Section 906 of the Sarbanes-Oxley Act
5
SIGNATURES
Pursuant to the requirements of Section 12 of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.
JOINTLAND DEVELOPMENT, INC.
(Registrant)
Dated: May 14, 2007 By: /s/ Kexi Xu
----------------------------
Kexi Xu, President
6