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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Business Summary: Legacy Wine & Spirits International Ltd. engages in the import, wholesale, and retail distribution of bottled wines in China. It holds a license to import, bottle, blend, manufacture, and distribute wines and spirits. It opened a wine and spirits retail store in Tianjin, China in December 2008.
 
Address
  1802 Goya Street
  Jonquiere , Quebec G7Z 1C3
  Phone: 514-688-3289
  Website: http://www.legacywineandspirits.com
Auditor
  L.L. Bradford & Company, LLC
  Las Vegas
Transfer Agent
  Manhattan Transfer Registrar Co.
Employees:  8
ShareHolders:  2000
Founded:  1999
Domicile:  Nevada
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Legacy Wine & Spirits International Ltd., in the development stage as of Dec. 31, 2009, engages in the import, wholesale, and retail distribution of bottled wines in China. It holds a license to import, bottle, blend, manufacture, and distribute wines and spirits. Legacy opened its initial corporately owned wine and spirits retail store in Tianjin, China in December 2008. The company was formerly known as Legacy Mining Ltd. and changed its name to Legacy Wine & Spirits International Ltd. in 2008. Legacy Wine & Spirits International Ltd. was founded in 1999 and is based in Jonquiere, Quebec, Canada.
History:  INCORPORATED in Nevada Feb. 19, 1999, as Power Direct Tech.com; name changed to PDTech.com Feb. 23, 1999, to CardStakes.com June 8, 1999, to Legacy Mining Ltd. Jan. 13, 2004, and to Legacy Wine & Spirits International Ltd. Apr. 8, 2008.
 
Subsidiaries:
Tianjin Legacy Wine Trading Co. Ltd.
 
 
 
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Management
OfficersPosition
 Christopher  ScheivePresident & Chief Executive Officer
 Jaclyn  CruzSecretary, Treasurer & Chief Financial Officer

Directors
 Jaclyn  Cruz
 Christopher  Scheive
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Capitalization as of 12/31/2009:
 
 Authorized SharesOutstanding Shares
Common $0.0001 par100,000,00022,744,085
 
LONG TERM DEBT: None.
 
Common $0.0001 par
 
COMMON OFFERED: August 31, 2007, the company completed its offering of up to 1,000,000 Common shares at $0.05 per share. The offering, which was not underwritten, was fully subscribed for proceeds to the company of $50,000, and the shares were issued to investors on Sept. 4, 2007.
 
Stockholders:  12/31/2009, 2000.
Transfer Agent:  Manhattan Transfer Registrar Co.   Miller Place , NY
 
OTC Bulletin Board( Primary): LWSP
 
ExchangeYearHighLow
OTC Bulletin Board20090.85000.0500
OTC Bulletin Board20081.10000.2700
OTC Bulletin Board20070.80000.1500
 
DIVIDENDS: Common $0.0001 par: No cash. Common reverse split 1-for-2, Feb. 2, 2004.
 
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Annual Report
 
Income Statement
  20092008
REVENUES
Wine Sales45,4532,055
EXPENSES
Cost of Goods Sold(27,363)(674)
Wages and Salaries(28,266)(24,898)
Property Tax-(1,962)
Wine Promotions(498)(2,735)
Advertising(509)(248)
Store Supplies(1,864)(1,537)
Professional Fees(73,112)(70,609)
Office and General(84,959)(59,531)
Consulting(243,948)(298,148)
Travel and Accommodation(14,009)(28,494)
Depreciation and Amortization(76,688)(7,021)
Interest on Settlement of Due to Related Parties-(149,337)
Property Option Loss-(15,500)
Investor Relations(62,500)(10,000)
Earnings before Taxes(568,263)(668,639)
TAXES AND OTHER EXPENSES
Net Income (Loss)(568,263)(668,639)
SUPPLEMENTARY INFO
Gross Profit/loss18,090.001,381.00
Basic EPS - Continuing Operations(0.03)(0.03)
 
Balance Sheet
  20092008
CURRENT ASSETS
Cash6,74313,432
Inventory-at Cost39,86366,082
Prepaid Expenses10,87111,494
Total Current Assets57,47791,008
NON CURRENT ASSETS
Furniture and Fixtures9901,415
Leasehold Improvements110,863118,786
Other Intangible Assets951,0651,019,405
Deposits on Leasehold Improvements85,00085,000
Total Assets1,205,3951,315,614
CURRENT LIABILITIES
Accounts Payable and Accrued55,89035,923
Due to Golden Spirit Enterprises LTD72,69131,331
Due to Organa Gardens International Inc131,372116,631
Due to Related Parties9,14920,003
Total Current Liabilities269,102203,888
SHAREHOLDERS' EQUITY
Common Stock - Par Value2,2752,060
Additional Paid in Capital4,485,0393,972,424
Deficit Accumulated during the Development Stage(3,451,021)(2,882,758)
Common Stock to Be Issued-20,000
Deferred Compensation(100,000)-
Total Shareholders Equity936,2931,111,726
Total Liabilities & Shareholders Equity1,205,3951,315,614
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Interim Report   
 
Data Not Available
 
 
 
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Legacy Wine & Spirits International Ltd.
Symbol:  LWSP


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2009   110,000
  2009   210,000
  2009   310,000
  2009   420,000
  2009   Full Year 50,000
  2008   1Nil
  2008   2Nil
  2008   3Nil
  2008   4Nil
  2008   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2009   1Nil
  2009   2Nil
  2009   3Nil
  2009   4Nil
  2009   Full Year (570,000)
  2008   1(70,000)
  2008   2(230,000)
  2008   3(140,000)
  2008   4(230,000)
  2008   Full Year (670,000)
  2007   Full Year (100,000)
  2006   Full Year (80,000)
  2005   Full Year (50,000)
  2004   Full Year (50,000)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2009   1(.01)
  2009   2Nil
  2009   3(.01)
  2009   4(.01)
  2009   Full Year (.03)
  2008   1Nil
  2008   2Nil
  2008   3(.01)
  2008   4(.01)
  2008   Full Year (.03)
  2007   1Nil
  2007   2Nil
  2007   3Nil
  2007   4Nil
  2007   Full Year (.01)
  2006   1Nil
  2006   2Nil
  2006   3Nil
  2006   4Nil
  2006   Full Year Nil
  2005   1Nil
  2005   2Nil
  2005   3Nil
  2005   4Nil
  2005   Full Year Nil
  2004   Full Year Nil
 
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