As filed with the Securities and Exchange Commission on February 5, 2014


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

FORM S-1
 
Registration Statement under the Securities Act of 1933
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
(Name of issuer in its charter)
 
Nevada
 
7812
 
46-4333787
(State or other jurisdiction of incorporation or organization)
 
(Primary Standard Industrial Classification Code)
 
(I.R.S. Employer Identification No.)
 
Have Gun Will Travel Entertainment, Inc.
5850 Canoga Avenue, 4 th Floor
Woodland Hills, CA 91367-6554
(818) 835-2822
(Address and telephone number of principal executive offices)

Tommie Ray, President
5850 Canoga Avenue, 4 th Floor, Woodland Hills, CA 91367-6554, (818) 835-2822
 (Name, address and phone number of agent for service)

Copies of communications to:
Matthew C. McMurdo, Esq., 28 West 44 th Street, 16 th Floor, New York, NY 10036, (917) 318-2865

Approximate date of commencement of proposed sale to the public: As soon as practicable after the registration statement becomes effective.
 
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. x
 
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
 
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o
 
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
 
Large Accelerated Filer
o
Accelerated Filer
o
Non-accelerated Filer
o
Smaller reporting company
x
(Do not check if a smaller reporting company)    
 


 
 

 
 
Calculation of registration fee
 
Title of Each Class Of Securities To Be Registered
 
Amount To Be
Registered
   
Proposed Maximum
Offering  Price
Per Share (1)
   
Proposed Maximum
Aggregate 
Offering Price (1)
   
Amount of
Registration Fee(1)
 
Common stock, $.001 par value per share
    5,000,000     $ .02     $ 100,000     $ 12.88  
 
(1) Fee calculated in accordance with Rule 457(c) of the Securities Act of 1933. Proposed offering price used for calculating the registration fee.
 
The registrant hereby amends this Registration Statement on the date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on the date as the Commission, acting pursuant to said Section 8(a), may determine.
 
The information in this prospectus is not complete and may be changed. The Registrant may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective.
 
This prospectus is not an offer to sell securities and we are not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
 
 
2

 
 
Preliminary Prospectus,  Subject to completion February 5, 2014

HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.

5,000,000 Shares of Common Stock
 
Have Gun Will Travel Entertainment, Inc. (“HGWT” or the “Company”) is offering a maximum of 5,000,000 shares of our common stock at $.02 per share (the “Shares”), in a best effort, direct public offering, by our officer and director. There is no minimum proceeds threshold for the offering. The offering will terminate within 180 days from the date of this prospectus. The Company will retain all proceeds received from these shares in this offering. There are no minimum purchase requirements for each investor. All proceeds retained by the Company may not be sufficient to continue operations.

HGWT is currently an “emerging growth company” under the Jumpstart Our Business Startups Act (the “JOBS Act”). The Company has decided that it will opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b). The Company understands that this election is irrevocable.

The Company is not a blank check company because it has a specific business purpose and has no plans or intention to merge with an operating company.  None of the Company’s shareholders have plans to enter a change of control or change of management.  None of our current management has previously been involved with a development stage company that did not implement its business plan, that generated no or minimal revenues or was engaged in a change of control.

There is currently no public market for our shares of common stock.
 
The Company intends to engage a market maker to establish a public market for the shares being offered herein by listing on the OTC Markets, specifically the OTCQB.  To be quoted on the OTCQB, a market maker must file an application on the Company's behalf to make a market in the common stock.
 
The shares being offered are highly speculative and they involve a high degree of risk and should be considered only by persons who can afford the loss of their entire investment. See "Risk Factors" beginning on page 8.

   
Price to 
Public
   
Underwriting 
Discounts
and 
Commissions(1)
   
Proceeds to
Company(2)
 
Per Share
  $ .02     $ 0     $ .02  
                         
Total Maximum
  $ 100,000     $ 0     $ 100,000  
 
(1) Our shares in this offering will be sold by our officer and director for no compensation. There are no underwriting commissions involved in this offering, however, we may pay selling commissions of up to 10% to any broker, dealer, finder or agent who assists us in this offering.
 
(2) The proceeds to us are shown before deduction for legal, accounting, printing and other expenses estimated at $20,000.
 
HGWT does not plan to use this offering prospectus before the effective date.
 
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus is February 5, 2014
 
 
3

 
 
TABLE OF CONTENTS
 
       
PROSPECTUS SUMMARY
    5  
         
RISK FACTORS
    9  
         
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
    15  
         
USE OF PROCEEDS
    16  
         
DETERMINATION OF OFFERING PRICE
    16  
         
DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES
    16  
         
PLAN OF DISTRIBUTION
    20  
         
BUSINESS
    21  
         
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
    30  
         
DESCRIPTION OF PROPERTY
    33  
         
LEGAL PROCEEDINGS
    33  
         
DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
    33  
         
EXECUTIVE COMPENSATION
    34  
         
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
    35  
         
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
    35  
         
DESCRIPTION OF SECURITIES
    36  
         
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
    36  
         
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
    39  
         
EXPERTS
    39  
         
WHERE YOU CAN FIND MORE INFORMATION
    39  
         
FINANCIAL STATEMENTS
    40  
 
You may only rely on the information contained in this prospectus or that we have referred you to. We have not authorized anyone to provide you with different information. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities other than the common stock offered by this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any common stock in any circumstances in which such offer or solicitation is unlawful. Neither the delivery of this prospectus nor any sale made in connection with this prospectus shall, under any circumstances, create any implication that there has been no change in our affairs since the date of this prospectus or that the information contained by reference to this prospectus is correct as of any time after its date.
 
Until March 18, 2014, all dealers that effect transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers' obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.
 
 
4

 
 
PROSPECTUS SUMMARY
 
The information presented is a brief overview of the key aspects of the offering. The prospectus summary contains a summary of information contained elsewhere in this prospectus. You should carefully read all information in the prospectus, including the financial statements and the notes to the financial statements under the Financial Statements section beginning on page 31 prior to making an investment decision.
 
Business Description
 
Have Gun Will Travel Entertainment, Inc. is an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities. The Company is currently developing several reality show concepts in-house.

We need additional capital to fully undertake our business plan. Currently, we rely on the future sales of our original programming to meet the current cost and expenditures of operating the business. We believe that we will need a minimum of $40,000 in capital, including the capital raised in this offering, in order to maintain our current and planned operations through the next 12 months. We intend to raise the capital through the sale of shares of our common stock and/or through the sale/option of our reality TV show concepts. No assurance can be given that HGWT will be able to obtain the necessary capital.

Mr. Ray, the Company's sole officer and director, is managing the Company’s operations and undertaking all aspects of its strategic development. The Company has no employees at this time.

OVERVIEW

HGWT is currently an “emerging growth company” under the JOBS Act. A company loses its “emerging growth company” status on (i) the last day of the fiscal year during which it had total annual gross revenues of $1,000,000,000 or more; (ii) the last day of the fiscal year following the fifth anniversary of the date of its first sale of common equity securities pursuant to an effective registration statement under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); (iii) the date on which it has, during the previous 3-year period, issued more than $1,000,000,000 in non-convertible debt; or (iv) the date on which it is deemed to be a ‘large accelerated filer’, as defined in section 240.12b– 2 of title 17, Code of Federal Regulations, or any successor thereto. As an “emerging growth company,” HGWT is exempt from certain obligations of the Exchange Act including those found in Section 14A(a) and (b) related to shareholder approval of executive compensation and golden parachute compensation and Section 404(b) of the Sarbanes-Oxley Act of 2002 related to the requirement that management assess the effectiveness of the company’s internal control for financial reporting.

Have Gun Will Travel Entertainment, Inc. was incorporated under the laws of the state of Nevada on December 18, 2013. Our corporate and operational offices are located at 5850 Canoga Ave., 4th Floor, Woodland Hills, CA 91367, our telephone number is (818) 835-2822 and our fax number is (818) 835-2683.

We are a developmental stage corporation that is focused on creating original content in reality television programming genre capable of providing dynamic growth potential to the Company. We are a concept-development, or pre-production, business. The Company's overall plan of operations is to develop independent reality TV concepts for sale, option and licensure, with a goal toward catering to independent producers, cable television networks, syndication companies, and other entities. Currently, the Company does not have any agreements with, or sales to, any independent producers, cable television networks or syndication companies.

Since its inception, the Company has completed work on two reality TV concepts and has several projects in development. The Company currently is shopping around its developed Reality TV concepts/treatments, and has one project under review with a prospective buyer. We anticipate selling our projects to the entertainment industry.
 
 
5

 

In the future, HGWT will also look to engage seasoned professionals in graphics, filmography, development and production to assist in advancing TV show concept to the next level of actual production.

It is anticipated that as the Company grows over the next twelve months, its management team will be expanded from its current one member to consist of additional members who have expertise in the reality television industry, as well as entrepreneurial experience.

PRODUCT DEVELOPMENT

The Company develops reality TV programming content in-house. Although reality TV is mostly unscripted and involves actors that are generally regular people living their lives, a lot of planning is involved behind the scenes of a reality TV production. In our product development process, we utilize the following phases:

- conceptualization
- consumer identification
- commercial viability analysis
- creative phase

Our President, Mr. Ray, currently handles all aspects of content development within the Company, including the development, creation and execution of all programming. Reality TV show concept developing is emotionally and intellectually demanding and, therefore, could be time-consuming. To date, all of our concepts have been developed "on spec" (unsolicited and non-commissioned), and required no capital expenditures.

TARGET MARKET

HGWT will target the Reality Television segments of the television syndication and cable network industry. The Company's success is greatly dependent on its ability to identify a gap in the market and cater to the unsatisfied demand.

Hollywood producers and development executives work full time to create or find new concepts to sell to TV networks. As the changing dynamics that the television industry has been experiencing in the recent years resulted in an acute shortage of development capital for new projects, independent TV producers and smaller production companies all rely on third parties to bring them new exciting developed projects to produce or distribute. This is the market that HGWT has identified and will attempt to fill.

MARKETING STRATEGIES

Management intends to maintain an extensive marketing campaign that we hope will ensure maximum visibility for the developed reality TV concepts among the targeted market. Although the Company will cater to the reality TV segments of the television syndication and cable network industry, the Company’s primary method of competition strategy is to market specifically to independent TV producers and smaller production companies.

Marketing Objectives

•           Establish a strong presence in targeted markets
•           Establish connections with entertainment advertising agencies and marketing firms
•           Build a network of industry contacts (e.g. utilizing Hollywood Creative Directory at hcdonline.com) to create additional visibility for the program

Currently, HGWT does not have any existing relationships or agreements with independent TV producers, producer’s agents, or TV executives.
 
 
6

 

OUR GROWTH STRATEGY

The Company’s growth strategy is currently set as a three-stage initiative that will culminate within the next few years. The first stage will include hiring additional key management, adding to the Board of Directors, and securing the vital agreements required to enter and participate in the lucrative fields of the Reality TV production industry, as well as capitalize on the demand for quality reality TV entertainment.

In the second phase, the Company plans to outsource and expand its internal operations by engaging seasoned professionals in graphics, filmography, development and production to assist in advancing a TV show concept to the next level of actual production.

In the third phase of HGWT’s growth strategy, the management will direct its attention towards vertically integrating the operations that were previously outsourced, and becoming a premier full-service multi-faceted television production company that develops, sells, produces, packages and licenses shows and formats domestically and internationally.

The Terms of the Offering
                                                                 
Securities Being Offered   
Up to 5,000,000 Shares of common stock

Initial Offering Price:
We will sell our shares at a fixed price of .02 per share.  This price was determined arbitrarily by us.
 
Compensation:
No compensation will be paid to the officer and director in connection with the sale of the shares.
 
Termination of Offering:
The offering will conclude when all of the 5,000,000 shares of common stock have been sold or 180 days from the date of this prospectus, whichever occurs earlier.  We may decide to terminate the offering for no reason whatsoever at the discretion of our management team.

Risk Factors:
The securities offered hereby involve a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment.  See “Risk Factors”.

Common Stock Issued And Outstanding Before Offering:
8,500,000 shares of our common stock are issued and outstanding as of the date of this Prospectus.

Common Stock Issued And Outstanding After Offering:
13,500,000 shares of common stock

Use of Proceeds:
We will use the proceeds from the sale of the common stock by the Company for general and administrative expenses, salaries, due diligence and general working capital.  
 
 
7

 
 
Financial Summary
 
This financial summary does not contain all the financial information that may be important to you. Therefore, you should carefully read all the information in this prospectus, including the financial statements and their explanatory notes before making an investment decision.
 
We derived the summary financial information from our financial statements appearing in the section in this prospectus entitled "Financial Statements." You should read this summary financial information in conjunction with the section entitled "Management's Discussion and Analysis," our financial statements and related notes to the financial statements.

Statement of Operations Information:
As of December 31, 2013
 
   
Since Inception
   
Revenues
  $ 0  
Expenses
  $ (10,029 )
Profit (Loss) before income taxes
  $ (10,029 )
Provision for income taxes
  $ 0  
Net loss
  $ (10,029 )
 
Balance Sheet Information:
  As of December 31, 2013
 
   
Since Inception
   
Total Assets
  $ 20,000  
Total Liabilities
  $ 4,500  
Common stock and paid in capital
  $ 25,529  
Total stockholders' equity
  $ 15,500  
 
 
8

 
 
RISK FACTORS
 
An investment in our securities is highly speculative and subject to numerous and substantial risks. These risks are set forth below. You should not invest in the Company unless you can afford to lose your entire investment. Readers are encouraged to review these risks carefully before making any investment decision.

Risks Relating to Have Gun Will Travel Entertainment, Inc.

Our Officer and Director has No Previous Experience in the Management of a Reality TV Production Company

Although Mr. Ray has first-hand acting and film directing experience, he has no specific experience in establishing and growing a reality TV show production company. This lack of experience may make it more difficult to establish the contacts and relationships necessary to successfully produce and sell reality TV show concepts and other related content. As a result, the Company will be relying heavily on the experience and business acumen of the President and our future officers and directors to establish an effective ongoing business strategy for our future operations. The Company currently does not carry insurance to compensate for the loss of services provided by the President.

Uncertainty as a Going Concern
 
Our future existence remains uncertain and the report of our independent auditors on our financial statements for the period ended December 30, 2013 includes an explanatory paragraph relating to our ability to continue as a going concern. From inception, we have generated no revenues and suffered losses from operations and require additional financing. Ultimately, we need to generate revenues and attain profitable operations. These factors raise substantial doubt about our ability to continue as a going concern. There can be no assurance that HGWT will be able to develop commercially viable products or an effective marketing system. Even if we are able to develop commercially viable reality TV show concepts, there is no assurance that we will be able to attain profitable operations.

Our Business Plan and Operational Structure May Change
 
As an emerging company, we continually analyze our business plan and operations in the light of market conditions and developments.  As a result of our ongoing analyses, we may decide to make substantial changes in our business plan and operations. In the future, as we continue our internal analyses and as market conditions and our available capital change, we may decide to make organizational changes and/or alter some or all of our overall business plan. Currently, the Company has no intention of changing its business model or operations.

Limited Capital and Need for Additional Financing
 
The funds currently available to us are inadequate to fully implement our business plan. Until we have achieved revenues sufficient for us to break-even, we will not be a self-sustaining entity, which could adversely impact our ability to be competitive in the reality TV space. We require additional funding for continued operations and will therefore be dependent upon our ability to raise additional funds through bank borrowing, equity or debt financing or asset sales. We expect to access the public and private equity and/or debt markets periodically to obtain the funds we need to support our operations and continued growth.  There is no assurance that we will be able to obtain additional funding when needed, or that such funding, if available, can be obtained on terms acceptable to us. If we require, but are unable to obtain, additional financing in the future on acceptable terms, or at all, we will not be able to continue our business strategy, respond to changing business or economic conditions, withstand adverse operating results or compete effectively. If we cannot obtain needed funds, we may be forced to curtail or cease HGWT activities altogether. When additional shares are issued to obtain financing, current shareholders will suffer a dilutive effect on their percentage of stock ownership. There is no certainty that our expenditures will result in a profitable business as proposed.
 
 
9

 

HGWT May Incur Losses for the Foreseeable Future
 
We expect to incur losses for the foreseeable future and we may never become profitable. There are no assurances that significant revenues from the sales, options and licensure of our reality TV programming necessary for the Company to become break-even will occur. We expect our expenses to increase as we continue to develop the operations necessary to fully implement our business plan.  Our expenses will continue to increase as we may hire additional employees; implement our marketing plans; pursue further research and development of our programming and other related content in the reality TV formats. We cannot now determine the amount by which our expenses will increase as we grow.

Projections May be Inaccurate and Actual Results may be Materially Worse

Projections are only estimates of future results and are based upon assumptions made at the time the projections are developed. There can be no assurance that the results set forth in the projections will be attained, and actual results may be significantly different from the projections. Materially worse results would likely cause HGWT to cease operations.
 
Changes in U.S., Global, or Regional Economic Conditions

We are susceptible to adverse impacts caused by domestic and/or international economic downturns (including the current challenging economic landscape) in the reality television markets in which we operate. A decline in economic activity in the U.S. and other regions of the world can adversely affect demand for entertainment, including reality TV shows, thus reducing our revenue. The most recent decline in economic conditions reduced spending at broadcasting studios for ad spots, and as a result TV networks had a smaller pool of revenue to buy reality TV shows from industry operators which HGWT is striving to be a part of, and similar impacts can be expected should such conditions recur. Additionally, an increase in price levels generally, or in price levels in a particular sector such as the energy sector, could result in a shift in consumer demand away from the Reality TV entertainment products we offer, which could also adversely affect our revenues and, at the same time, increase our costs. A decline in economic conditions could also reduce the amount consumers are allowing for cable services offering reality TV shows (such as Bravo, A&E, etc.) Economic conditions can also impair the ability of those with whom we anticipate to do business to satisfy their obligations to us. There can be no assurance that we will survive any such economic downturn, or if we do survive, that we will be capable of executing or furthering, to any meaningful degree, the originally conceived business plans.

Changes in Public and Consumer Tastes and Preferences for Reality TV Shows
 
We create reality TV entertainment products whose success depends substantially on consumer tastes and preferences that change in often unpredictable ways. The success of our business depends on our ability to consistently create and sell original reality TV programming that meet the changing preferences of the broad consumer market. Moreover, we may invest substantial amounts in production of a sizzle reel/trailer, or pilot before we learn the extent to which our product will earn consumer acceptance. If our products do not achieve sufficient consumer acceptance, our revenue from reality TV concept sales/options/licensure may decline or fail to grow to the extent we anticipate when making investment decisions and thereby adversely affect the profitability of our business.

Lack of Diversification
 
Currently, HGWT has no employees and its management consists of one member – our sole officer and director Tommie Ray. Our size makes it unlikely that we will be able to commit our funds to diversify the business until HGWT has a proven track record, and we may not be able to achieve the same level of diversification as larger entities engaged in this type of business.
 
 
10

 

Competition from Other Reality TV Show Producers and Production Companies

Virtually any company that is engaged in developing and producing reality TV show concepts is considered HGWT’s competition. Potential competitors may have greater name recognition, industry contacts and more extensive customer bases that could be leveraged to accelerate their competitive activity.  Moreover, potential competitors may establish future cooperative relationships among themselves and with third parties to enhance their products in this reality television market space in which we propose to operate.  Consequently, competitors or alliances may emerge and rapidly acquire significant market share.  We cannot assure you   that we will be able to compete effectively with any competitor or that the competitive pressures faced by us will not harm our business. Such intense competition will limit our opportunities and have a materially adverse effect on our profitability or viability.

Dependence on the Maintenance of Intellectual Property Rights in Our Products
 
The unauthorized use of our intellectual property rights may increase the cost of protecting these rights or reduce our revenues. The unauthorized use of intellectual property in the entertainment industry generally continues to be a significant challenge for intellectual property rights holders.
 
With respect to intellectual property developed by the Company, the Company is subject to the risk of challenges to our concept rights by third parties. Successful challenges to our rights in intellectual property may result in increased costs for obtaining rights or the loss of the opportunity to earn revenue from the intellectual property that is the subject of challenged rights. The Company is not aware of any challenges to its intellectual property rights that it currently foresees having a material effect on its operations.

Inability to Attract and Retain Qualified Personnel
  
HGWT management team currently consists of one member – sole officer and director Tommie Ray. We anticipate that as the Company grows, it will be expanded from its current one member to consist of additional members who have expertise in the reality television industry, as well as entrepreneurial experience. Our future success depends in significant part on our ability to attract and retain key management and marketing personnel. Competition for highly qualified professional, business development, and management and marketing personnel is intense. We may experience difficulty in attracting new personnel, may not be able to hire the necessary personnel to implement our business strategy, or we may need to pay higher compensation for employees than we currently expect. A shortage in the availability of qualified personnel could limit our ability to grow. We cannot assure you that we will succeed in attracting and retaining the personnel we need to grow.

Loss of Services of Key Man
 
Our future success depends in a large part upon the continued contributions and services of our President Tommie Ray. This individual is critical to the overall management and will be difficult to replace. The loss of the key contributor, or the failure of Mr. Ray to perform, could materially and adversely affect HGWT’s performance. We do not maintain any key-person life insurance policies.  

Indemnification Requirements

HGWT may be required to indemnify, among others, the officer and director for liabilities incurred in connection with the affairs of HGWT. Such liabilities may be material. The indemnification obligations of HGWT would be payable from the assets of HGWT, thus causing a material adverse effect on the Company’s operations.
 
 
11

 

Requirements to Maintain Proper and Effective Internal Controls

HGWT must ensure that adequate internal financial and accounting controls and procedures are in place so that it can produce accurate financial statements on a timely basis. HGWT must spend considerable effort on establishing and maintaining internal controls, which is costly and time-consuming and needs to be re-evaluated frequently. Implementing any appropriate changes to the internal controls may entail substantial costs to modify HGWT’s existing financial and accounting systems, take a significant period of time to complete, and distract HGWT’s officers, directors and employees from the operation of our business. These changes may not, however, be effective in maintaining the adequacy of HGWT’s internal controls, and any failure to maintain that adequacy, or a consequent inability to produce accurate financial statements on a timely basis, could increase operating costs and could materially impair HGWT’s ability to operate our business. In addition, investors’ perceptions that HGWT’s internal controls are inadequate or that it is unable to produce accurate financial statements may seriously affect the stock price.

Changes in Financial Accounting Standards or Practices

A change in accounting standards or practices can have a significant effect on HGWT’s operating results and may affect our reporting of transactions completed before the change is effective. New accounting pronouncements and varying interpretations of existing accounting pronouncements have occurred and may occur in the future. Changes to existing rules or the questioning of current practices may adversely affect HGWT’s reported financial results or the way we conducts our business.

Significant Costs of Operating as a Public Company

As a public company, HGWT will incur significant accounting and other expenses. These expenses include increased accounting, legal and other professional fees, insurance premiums and investor relations costs. HGWT’s management needs to devote a substantial amount of time to compliance issues. Moreover, HGWT’s legal and financial compliance costs are material.

The Costs and Expenses of SEC Reporting and Compliance

After the effectiveness of this registration statement, we will be subject to the reporting requirements of the Exchange Act. The costs of complying with such requirements may be substantial. In the event we are unable to establish a base of operations that generates sufficient cash flows or cannot obtain additional equity or debt financing, the costs of maintaining our status as a reporting entity may inhibit out ability to continue our operations.

Limited Protection against Interested Director Transactions, Conflicts of Interest and Similar Matters

We do not currently have audit or compensation committees. As a result, our director has the ability, among other things, to determine his own level of compensation. Until we comply with such corporate governance measures, regardless of whether such compliance is required, the absence of such standards of corporate governance may leave our stockholders without protections against interested director transactions, conflicts of interest, if any, and similar matters and investors may be reluctant to provide us with funds necessary to expand our operations.

We intend to comply with all corporate governance measures relating to director independence as and when required. However, we may find it very difficult or be unable to attract and retain qualified officers, directors and members of board committees required to provide for our effective management as a result of Sarbanes-Oxley Act of 2002. The enactment of the Sarbanes-Oxley Act of 2002 has resulted in a series of rules and regulations by the SEC that increase responsibilities and liabilities of directors and executive officers. The perceived increased personal risk associated with these recent changes may make it more costly or deter qualified individuals from accepting these roles.
 
 
12

 

Possible Regulatory Changes

The SEC and other regulators, from time to time, review the public company arena and our relationship to the securities markets and investors. As a result of such reviews, the SEC and such regulators may propose additional regulations that would affect HGWT. Such regulations could increase the cost of operating HGWT and subject it to new regulatory filing or registration requirements.

The Impact of Governmental Regulation

Our business may be subjected to applicable laws and regulations, including laws and regulations on taxation and employment matters. Compliance with such laws and regulations will increase our cost of operations and would decrease our net profit.

Risks of Purchasing Shares

Possible Loss of Entire Investment in the Company

This offering is intended for investors who can accept the applicable risks. Prospective investors should not subscribe unless they can readily bear the consequences of the loss of their entire investment. Being that the Company’s management has limited experience in this industry, such loss of investment may be more likely to occur.

Exchange Fluctuations may Decrease the Value of your Investment

Shares will be priced in US dollars, and persons investing by converting foreign currency will bear the risk of such conversion. The Company understands that foreign investors may be attracted to investments in the reality TV industry, therefore be more likely to invest in securities, such as the Company’s common stock. The value of such investments may be affected favorably or unfavorably by fluctuations in exchange currencies. In addition, prospective investors whose assets and liabilities are primarily denominated in currencies other than US Dollars should take into account the potential risk of loss arising from fluctuations in the rate of exchange between the currency of the investment and such other currency.

Additional Dilution as Additional Shares are Issued
 
Additional offerings will likely have to be made in the future to raise capital to meet operating cash flow needs. Such offerings may include warrants for issuance of additional common stock, further diluting the number of shares of common stock outstanding from time to time. An increase in the number of our shares of common stock from these events or others may result in a decrease of the market price for our common stock and will dilute the ownership interest of current shareholders.  

Future Debt Financing may Involve Restrictive Covenants

Future debt financing transactions, if available, may involve restrictive covenants, which may limit the Company’s operating flexibility with respect to certain business matters. If additional funds are raised through debt financing, the debt holders may require the Company to make certain agreements or covenants, which could limit or prohibit the Company from taking specific actions, such as establishing a limit on further debt, a limit on dividends, a limit on sale of assets, or specific collateral requirements. Furthermore, if the Company raises funds though debt financing, the Company would also become subject to interest and principal payment obligations. In either case, if the Company was unable to fulfill either of the covenants or the financial obligations, the Company may risk defaulting on the loan, whereby ownership of the Company’s assets could be transferred from the shareholders to the debt holders.
 
 
13

 

Shares Eligible for Future Sale under Rule 144 May Adversely Affect the Market Value for our Securities
 
From time to time, certain of our stockholders who hold restricted securities may be eligible to sell all or some of their shares of common stock by means of ordinary brokerage transactions in the open market pursuant to Rule 144, promulgated under the Securities Act of 1933, subject to certain limitations. Although our current stockholder has no current intention or ability to sell his shares, any substantial sales by holders of our common stock in the future pursuant to Rule 144 may have a material adverse affect on the market price of our securities.

If Securities or Industry Analysts do not publish Research or Reports about HGWT’s Business or if they issue an Adverse or Misleading Opinion Regarding HGWT Stock, its Price and Trading Volume could Decline

The trading market for HGWT’s common stock will be influenced by the research and reports that industry or securities analysts publish about HGWT or its business, if any. Negative reports could have a negative impact on HGWT’s stock price.

Our Shares will be deemed to be "Penny Stocks” and will be Subject to Various Eligibility and Disclosure Requirements on Broker-Dealers engaged in the Resale of these Shares
 
The shares offered in this prospectus will be "penny stocks" as that term is defined in the Securities Exchange Act of 1934, as amended, (the ‘Exchange Act”) to mean, among other definitions, equity securities with a price of less than $5.00 per share. Under the penny stock regulations, a broker-dealer selling a penny stock to anyone other than an established customer or an accredited investor must make a special suitability determination regarding the purchaser and provide special disclosure documents to the purchaser. The imposition of these suitability standards and special disclosures could reduce an investor's ability to resell the shares at a time or price desired. See the section "Market for Common Equity and Related Stockholder Matters."

We do not foresee paying Cash Dividends in the Foreseeable Future

We have never paid cash dividends on our common stock and we do not plan to declare or pay any cash dividends on our shares of common stock in the foreseeable future and currently intend to retain any future earnings for funding growth. As a result, investors should not rely on an investment in our securities if they require the investment to produce dividend income. Capital appreciation, if any, of our shares may be investors' sole source of gain for the foreseeable future. Moreover, investors may not be able to resell their shares of the Company at or above the price they paid for them.

There May be an Absence of a Trading Market
 
There currently is no trading market for our stock. While we intend to utilize a marker maker to apply for listing on the OTC Markets (“OTCQB”) following completion of this offering, we cannot assure you that a public market will ever develop. You will likely not be able to sell your securities if a regular trading market for our securities does not develop and we cannot predict the extent, if any, to which investor interest will lead to the development of a viable trading market in our shares. We expect the initial market for our stock to be limited, if a market develops at all. Even if a limited trading market does develop, there is a risk that the absence of potential buyers will prevent you from selling your shares if you determine to reduce or eliminate your investment in HGWT. Additionally, the IPO offering price of $.02 per share may not reflect the current value of our shares after the offering. This lack of a trading market and a lack of an adequate number of potential buyers may result in the inability to sell your shares when desired or result in your receiving a lower price for your shares upon their sale than you paid in this offering.
 
 
14

 

If we fail to Remain Current on our Reporting Requirements, we could be removed from Quotation by the OTCQB

Companies quoted on the OTCQB must be reporting issuers under Section 12 of the Exchange Act, and must be current in their reports under Section 13 of the Exchange Act, in order to maintain price quotation privileges on the OTCQB. If we fail to remain current on our reporting requirements, we could be removed from the OTCQB. As a result, the market liquidity for our securities could be adversely affected by limiting the ability of broker-dealers to sell our securities and the ability of shareholders to sell their securities in the secondary market.

Changes in Tax Rules or Interpretations could Cause a Shareholder to become subject to Additional Taxes

Federal income tax legislation may be amended, or its interpretation changed, so as to alter fundamentally the tax consequences of holding or disposing of shares of common stock. The investor should consult his, her or its own tax counsel for tax matters via this investment opportunity.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
 
This prospectus includes forward-looking statements. All statements other than statements of historical facts contained in this prospectus, including statements regarding our future financial position, business strategy and plans and objectives of management for future operations, are forward-looking statements.  The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of risks, uncertainties and assumptions described in "Risk Factors" and elsewhere in this prospectus.
 
Other sections of this prospectus may include additional factors which could adversely affect our business and financial performance. Moreover, we operate in a highly regulated, very competitive and rapidly changing environment. New risk factors emerge from time to time and it is not possible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
 
We undertake no obligation to update publicly or revise any forward-looking statements. You should not rely upon forward-looking statements as predictions of future events or performance. We cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or will occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. We have an ongoing obligation to continually disclose material future changes in the Company and its operations.
 
15

 

USE OF PROCEEDS
 
We will use our best efforts to raise a maximum of $100,000 in this offering. We are requiring no minimum offering proceeds threshold. The table below summarizes how we will utilize the proceeds of this offering, including in the event that the Company raises less than the full amount expected ($100,000). The actual amount of proceeds realized may differ from the amounts summarized below (1)

   
If 10% of
   
If 25% of
   
If 50% of
   
If 75% of
   
If 100% of
 
   
Shares
Sold
   
Shares
Sold
   
Shares
Sold
   
Shares
Sold
   
Shares
Sold
 
GROSS PROCEEDS
  $ 10,000     $ 25,000     $ 50,000     $ 75,000       100,000  
Offering Expenses (2)
  $ 20,000     $ 20,000     $ 20,000     $ 20,000     $ 20,000  
NET PROCEEDS
  $ (10,000 )   $ 5,000     $ 30,000     $ 55,000     $ 80,000  
General and Administrative Expense
  $ 0     $ 0     $ 4,000     $ 7,500     $ 15,000  
Officer and Employee Salaries
  $ 0     $ 0     $ 0     $ 0     $ 0  
Working Capital (3)
  $ (10,000 )   $ 5,000     $ 26,000     $ 47,500     $ 65,000  

(1) The amounts set forth above are estimates by management for the allocations of the net proceeds of this offering based upon the current state of our business operations, our business plan and current economic and industry conditions.

(2) Offering expenses include legal, accounting, printing, filing, registration, qualification, and other expenses of Have Gun Will Travel Entertainment, Inc. and the offering of the Shares including marketing and sales costs, but exclude selling commissions. We will pay no commissions or other compensation to our officers and directors who will be offering the Shares. However, we may pay commissions and expenses of up to 10% of all proceeds raised by any broker, dealer, finder or agent who may assist in finding purchasers in this offering, though we currently have no such agreements.  To the extent offering expenses are less, the excess funds will be added to working capital.

(3) Working capital is the cost related to operating our office and accounting ($2,000 to $5,000), obtaining office equipment and supplies ($2,000 to $5,000), travel ($5,000 to $10,000), and general working capital for the filming, editing, creation of sizzle reel/trailer/pilot ($10,000 to $40,000). If less than 20% of the shares are sold the cost of the offering will exceed the net proceeds and result in a decrease in our working capital.

DETERMINATION OF OFFERING PRICE
 
Our initial offering price of $.02 per share was arbitrarily determined and bears no relationship to our current assets, earnings, book value or any other objective standard of value. Accordingly, the offering price should not be considered an indication of the actual value of our securities.
 
DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES
 
We are offering our common stock at a price per share that is significantly more than the price per share paid by our current stockholder for our common stock. We are offering for sale up to 5,000,000 shares of common stock with proceeds going to the Company. If you purchase Shares in this offering you will experience immediate and substantial dilution.
 
 
16

 
 
Dilution represents the difference between the price per share paid by purchasers in this offering and the net tangible book value per share. Net tangible book value per share represents our net tangible assets (our total tangible assets less our total liabilities), divided by the number of shares of Common Stock outstanding at the time of the offering. Based upon 8,500,000 issued and outstanding shares of Common Stock on December 31, 2013, our net tangible book value per share was $0.002, or $0.002 per share.

After giving effect to the sale of the maximum of 5,000,000 Shares being offered in this offering, at $0.02 per Share, and the payment of expenses related to the offering, our pro forma net tangible book value would increase by $80,000 to $100,000 or $0.007 per share.

The following table illustrates the pro forma per share dilution described above assuming 5,000,000 shares are sold:

   
 
5,000,000
 
   
 
Shares Sold
 
   
     
Offering Price per share  
 
$
0.02
 
   
       
Net tangible book value per share before the offering  
 
$
0.002
 
   
       
Pro forma net tangible book value per share after the offering  
 
$
0.007
 
   
       
Dilution per share to new investors  
 
$
0.013
 


After giving effect to the sale of 75% of the Shares (3,750,000 shares) being offered in this offering, at $0.02 per Share, and the payment of expenses related to the offering, our pro forma net tangible book value would increase by $55,000 to $75,000 or $0.006 per share.

The following table illustrates the pro forma per share dilution described above assuming 3,750,000 shares are sold:

   
 
3,750,000
 
   
 
Shares Sold
 
   
     
Offering Price per share  
 
$
0.02
 
   
       
Net tangible book value per share before the offering  
 
$
0.002
 
   
       
Pro forma net tangible book value per share after the offering  
 
$
0.006
 
   
       
Dilution per share to new investors  
 
$
0.014
 
 
 
17

 
 
After giving effect to the sale of 50% of the Shares (2,500,000 shares) being offered in this offering, at $0.02 per Share, and the payment of expenses related to the offering, our pro forma net tangible book value would increase by $30,000 to $50,000 or $0.005 per share.

The following table illustrates the pro forma per share dilution described above assuming 2,500,000 shares are sold:

   
 
2,500,000
 
   
 
Shares Sold
 
   
     
Offering Price per share  
 
$
0.02
 
   
       
Net tangible book value per share before the offering  
 
$
0.002
 
   
       
Pro forma net tangible book value per share after the offering  
 
$
0.005
 
   
       
Dilution per share to new investors  
 
$
0.015
 
 
After giving effect to the sale of 25% of the Shares (1,250,000 shares) being offered in this offering, at $0.02 per Share, and the payment of expenses related to the offering, our pro forma net tangible book value would increase by $5,000 to $25,000 or $0.003 per share.

The following table illustrates the pro forma per share dilution described above assuming 1,250,000 shares are sold:

   
 
1,250,000
 
   
 
Shares Sold
 
   
     
Offering Price per share  
 
$
0.02
 
   
       
Net tangible book value per share before the offering  
 
$
0.002
 
   
       
Pro forma net tangible book value per share after the offering  
 
$
0.003
 
   
       
Dilution per share to new investors  
 
$
0.017
 
 
After giving effect to the sale of 10% of the Shares (500,000 shares) being offered in this offering, at $0.02 per Share, and the payment of expenses related to the offering, our pro forma net tangible book value would decrease by $10,000 to $10,000 or $0.001 per share.
 
 
18

 

The following table illustrates the pro forma per share dilution described above assuming 500,000 shares are sold:

   
 
500,000
 
   
 
Shares Sold
 
   
     
Offering Price per share  
 
$
0.02
 
   
       
Net tangible book value per share before the offering  
 
$
0.002
 
   
       
Pro forma net tangible book value per share after the offering  
 
$
0.001
 
   
       
Dilution per share to new investors  
 
$
0.019
 
 
The table below indicates the relative aggregate cash investment and stock ownership of new investors in this offering:
 
Maximum Offering of 5,000,000 Shares
Investment
   
%
 
Stock Ownership
   
%
 
                                 
Current Stockholders
  $ 8,500       7.8 %     8,500,000       63 %
New Investors
  $ 100,000       92.2 %     5,000,000       37 %
                                 
 
75% Offering of 5,000,000 Shares
Investment
   
%
 
Stock Ownership
   
%
 
                                 
Current Stockholders
  $ 8,500       10.2 %     8,500,000       69 %
New Investors
  $ 75,000       89.8 %     3,750,000       31 %
                                 
 
50% Offering of 5,000,000 Shares
Investment
   
%
 
Stock Ownership
   
%
 
                                 
Current Stockholders
  $ 8,500       14.5 %     8,500,000       77 %
New Investors
  $ 50,000       85.5 %     2,500,000       23 %
                                 
 
25% Offering of 5,000,000 Shares
Investment
   
%
 
Stock Ownership
   
%
 
Current Stockholders
  $ 8,500       25.4 %     8,500,000       87 %
New Investors
  $ 25,000       74.6 %     1,250,000       13 %
                                 
 
10% Offering of 5,000,000 Shares
Investment
   
%
 
Stock Ownership
   
%
 
                                 
Current Stockholders
  $ 8,500       45.9 %     8,500,000       94 %
New Investors
  $ 10,000       54.1 %     500,000       6 %
 
 
19

 

PLAN OF DISTRIBUTION
 
The Company fully intends to have the Shares quoted on the OTCQB. To be quoted on the OTCQB, the Company must have a market maker file an application on its behalf.  The Company has identified a few potential market makers. The shares being offered in this prospectus are not currently listed or quoted on any stock exchange nor traded in any public market. If no trading market develops for our common stock, it will be difficult to sell your shares or, if sold, it may be difficult to resell the shares for a price at or above the current offering price. Even if a trading market is established, there is no assurance that such trading market can be sustained.
 
We are offering up to a total of 5,000,000 shares of common stock in a best efforts, direct public offering, without any involvement of underwriters. The offering price is $.02 per share. The offering will terminate 180 days from the date of this prospectus or when all of the Shares are sold, whichever comes first. We also have the right to terminate this offering at any time prior to the expiration of the offering period. We will use our best efforts to sell as many shares as possible up to the maximum offering amount of 5,000,000 shares. This is no minimum offering amount. We may accept or reject any subscription amount from any investor in our sole discretion or we may accept only part of a subscription amount. Expenses related to the offering are estimated to be $20,000.
 
We will sell the shares in this Offering through our officer and director. He will receive no commission from the sale of any Shares. He will not register as a broker/dealer under the 1934 Act in reliance upon Rule 3a4-1 under the 1934 Act. Mr. Ray may rely upon Rule 3a4-1 because (i) he is not subject to any statutory disqualifications, as defined in Section 3(a)(39) of the 1934 Act, (ii) he will not be compensated in connection with the sale of the Company’s securities by the payment of commissions or other remuneration based either directly or indirectly on transactions in the securities, (iii) he is not an associated person of a broker or dealer, (iv) he will primarily perform, at the end of the offering, substantial duties for or on behalf of the Company, otherwise than in connection with transactions in securities, (v) he was not a broker or dealer, or an associated person thereof, within the preceding 12 months, (vi) he does not participate in selling an offering of securities for any issuer more than once every 12 months, except in reliance on (iv) and (v) above. The Company will register as the issuer-agent in those states requiring such registration. However, we may pay commissions and expenses of up to 10% of all proceeds raised by brokers, dealers, finders or selling agents who may participate in this offering.
 
We anticipate that our common stock will continue to be subject to the penny stock rules under the Securities Exchange Act of 1934, as amended. These rules regulate broker/dealer practices for transactions in “penny stocks.” Penny stocks are generally equity securities with a price of less than $5.00. The penny stock rules require broker/dealers to deliver a standardized risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market. The broker/dealer must also provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker/dealer and its salesperson and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations and the broker/dealer and salesperson compensation information must be given to the customer orally or in writing prior to completing the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction, the broker and/or dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. The transaction costs associated with penny stocks are high, reducing the number of broker-dealers who may be willing to engage in the trading of our shares. These additional penny stock disclosure requirements are burdensome and may reduce all of the trading activity in the market for our common stock. As long as the common stock is subject to the penny stock rules, holders of our common stock may find it more difficult to sell their shares.
 
Our officer and director may purchase shares in this offering, however any such purchases will be held for investment purposes only.
 
Under the securities laws of certain states, the Shares may be sold in such states only through registered or licensed brokers or dealers or persons exempt from such registration. In addition, in certain states the Shares may not be sold unless the Shares have been registered or qualified for sale in such state or an exemption from registration or qualification is available and is complied with.
 
 
20

 
 
Procedures for Subscribing
 
If you decide to subscribe for any Shares in this offering, you must:
 
1. Execute and deliver a subscription agreement, and
2. Deliver a check or certified funds to us. Any subscription may be accepted or rejected, in whole or in part, in the sole discretion of management.
 
All checks for subscriptions must be made payable to "Have Gun Will Travel Entertainment, Inc."
 
Right to Reject Subscriptions
 
We have the right to accept or reject subscriptions in whole or in part, for any reason or for no reason. All monies from rejected subscriptions will be returned immediately by us to the subscriber, without interest or deductions. Subscriptions for shares will be accepted or rejected within five business days after we receive them. Furthermore, once a subscription agreement is accepted, it will be executed without reconfirmation to or from the subscriber. Once HGWT accepts a subscription, the subscriber cannot withdraw it unless otherwise dictated by state law.
 
BUSINESS
 
COMPANY HISTORY AND OPERATIONS
 
Have Gun Will Travel Entertainment, Inc. was incorporated under the laws of the state of Nevada on December 18, 2013. The founder of the Company, Mr. Tommie Ray, is an accomplished actor and director whose experience encompasses over 35 years in the film and television industry. Our corporate and operational offices are located at 5850 Canoga Ave., 4th Floor, Woodland Hills, CA 91367, our telephone number is (818) 835-2822 and our fax number is (818) 835-2683.

We are a developmental stage corporation that is focused on creating original content in reality television programming genre capable of providing growth potential to the Company. The Company's overall plan of operations is to develop independent reality TV concepts for sale, option and licensure, with a goal toward catering to independent producers, cable television networks, syndication companies, and other entities. Currently, the Company does not have any agreements with, or sales to, any independent producers, cable television networks or syndication companies. We are a concept-development, or pre-production, business. We do not produce reality shows, we sell our concepts to independent producers and production companies to be produced and distributed.

To date, HGWT has been handling its programming content development in-house by utilizing the creative talents of our President, Mr. Ray. His first-hand acting and directing experience, numerous industry contacts and a dedication to produce projects that are both creatively distinctive and commercially rewarding uniquely position the Company to become a premier reality television production company that creates, packages and produces groundbreaking programming in the reality TV formats.
 
 
21

 

Since its inception, the Company has completed work on two reality TV concepts and has several projects in development. The Company currently is shopping around its developed Reality TV concepts/treatments, and has one project under review with a prospective buyer. We anticipate selling our projects to the television industry. We will continue to offer our projects for sale to the industry until and following our ability to produce a pilot.

In the future, HGWT will also look to engage seasoned professionals in graphics, filmography, development and production to assist in advancing TV show concept to the next level of actual production. We anticipate that the ability to produce a pilot or a full season of episodes will make a sale easier. The Company may also accept submissions of original content from agencies representing reality TV show writers for consideration of development and production.

It is anticipated that, as the Company grows over the next twelve months, its management team will be expanded from its current one member to consist of additional members who have expertise in the reality television industry, as well as entrepreneurial experience.

Other than the reality TV programming content development mentioned above, our operations to date have been devoted primarily to startup and development activities, which include the following:

1. Formation of the Company;

2. Development of our business plan;

3. Preliminary marketing of our completed projects, as well as ones still in development, to potential clients.

We are attempting to build the Company to become fully self-sufficient. In order to generate revenues, we must address, among others, the following areas: product development, target market, marketing strategies, growth strategy and competition.

Assuming we raise the entire $100,000, the proceeds from this offering will satisfy our cash requirements for more than twelve (12) months. We will use the capital to undertake our business plan to develop reality TV programming content for sale, option and licensure.
 
PRODUCT DEVELOPMENT

The Company develops reality TV programming content in-house. Although reality TV is mostly unscripted and involves actors that are generally regular people living their lives, a lot of planning is involved behind the scenes of a reality TV production. In our product development process we utilize the following phases:

- conceptualization
- consumer identification
- commercial viability analysis
- creative phase
 
 
22

 

The first step in reality TV production is to come up with a concept for the reality TV show. Since HGWT is in the business of developing reality TV content for sale, it is essential to choose an idea that might provoke interest from prospective buyers and inspire them to see its potential. Therefore, in order to strengthen a concept’s marketability, we ensure from the very beginning that the idea is innovative and thrilling. The Company uses the concept as an axis from which all other production decisions are to be made. One of the defining aspects of reality TV is the manner in which it is shot. Whether the show takes place in a real setting with real people (much like a documentary), shoots in front of a live studio audience that participates in the program, or uses hidden surveillance, reality TV relies on the camera capturing everything as it happens, and the Company carefully works through and maps out every detail. The Company then boils the concept into a brief synopsis and a logline is developed. A logline describes the basic idea and purpose of a show, and the Company considers it the catalyst that helps increase the odds of selling a concept to a prospective buyer.

The next step is to identify the audience. Aiming the content at a specific consumer target market increases the chances of a reality TV show concept sparking interest from potential buyers, so it's important to determine the market that the reality show is intended for and to tailor the programming content appropriately to captivate the audience and transcend their expectations. The primary consumer target market profile is uniquely homogenous. Generally defined as men and women between the ages of 16 and 65, the target consumer market can be further classified as those people in this demographic that have household incomes in the range of $25,000-100,000, and are viewers of reality-based TV programming.

Once a concept has been selected, a third phase in reality TV production begins and we make sure that the TV show concept falls in a commercially viable genre within that market. The reality TV business works in cycles. Every so often a certain type of reality show will become popular, and producers will release show after show in that style until it becomes exhausted. Other genres then take over and the process repeats itself. In terms of salability, it's important for HGWT to choose a genre that is currently on the upswing. For example, some of the genres that enjoy success today are hidden camera shows such as What Would You Do, talent-search shows such as American Idol, documentary series about ordinary people such as the Jerseylicious, high-concept game shows such as Survivor, home improvement shows such as Flipping Out With Jeff Lewis, court shows featuring real-life cases such as The People's Court, etc. We conclude this phase by researching and analyzing the most successful reality TV shows from the arena that HGWT is developing in to identify the artistic and commercial elements that made them work in order to try implementing them for our projects.

HGWT then proceeds to develop the concepts into projects, and a creative phase begins. This is a crucial and very extensive phase which includes developing the format, characters, story lines, storyboards and shooting scripts which are important tools for shaping the direction of the show. While reality shows typically don't have scripts, there is often a shooting script or an outline that details aspects of an episode or part of the show. Similarly, a storyboard is a visual representation of the concept that physically illustrates what will occur in a scene. HGWT may also use a device known as frankenbiting to edit together conversation excerpts or sound bites to create a whole new dialogue or conversation. The final product of the Company's development process can be:

(a) a flashed out concept accompanied by a pitch which consists of a logline, a synopsis, and a treatment. A logline is a one-sentence description of the show. A synopsis is a brief summary of the show including information about the main characters and the theme of the show. A treatment is much like a synopsis of a show idea but is a more inclusive document which includes detailed descriptions of the characters and the show’s plot;

(b) a sizzle reel/trailer;

(c) a full pilot episode for a TV show (when financing is available);

HGWT is a reality TV concept-development, or pre-production, business. We do not produce reality shows, we sell our concepts to independent producers and production companies to be produced and distributed.

Our President, Mr. Ray, currently handles all aspects of content development within the Company, including the development, creation and execution of all programming. Reality TV show concept developing is emotionally and intellectually demanding and, therefore, could be time-consuming. However, it averages approximately 30 days per project.
 
 
23

 

PROJECTS CURRENTLY IN DEVELOPMENT

Currently, the Company has several provocative treatments in development that it anticipates to sell to the TV industry. To date, all of our concepts have been developed in-house by our President, Mr. Ray "on spec" (unsolicited and non-commissioned), and required no capital expenditures. HGWT has submitted some of its most compelling show concepts to The Creators Vault (an authorship database) to secure proof of creation for its work.

As of February 2014, Mr. Ray has fully completed 2 pre-production reality TV show projects and has three more at different stages of completion. Upon completion of the projects, HGWT will embark on its marketing strategy referenced below in the Marketing Strategies section. The Company cannot provide any assurances that our reality TV concepts will obtain any interest from independent producers or studios and will result in sales. Regardless of the success of these projects, the Company will continue to develop and market its reality TV concepts within the independent reality TV community.

The Company currently is shopping around several Reality TV concepts/treatments, and has one project under review with a prospective buyer. At this time, we will continue to offer our treatments for sale to the industry without the ability to produce a pilot.

In the future, HGWT will also look to engage seasoned professionals in graphics, filmography, development and production to assist in advancing TV show concept to the next level of actual production. The Company may also accept submissions of original content from agencies representing reality TV show writers for consideration of development and production.

OUR TARGET MARKET

HGWT will target the Reality Television segments of the television syndication and cable network industry. The Company's success is greatly dependent on its ability to identify a gap in the market and cater to the unsatisfied demand.

The style of TV that most North Americans over 20 years old grew up with may still be hanging on, with popular shows like Lost, Glee and Modern Family doing extremely well for their respective networks. But in the last decade or so, there has been a distinctive power shift within the television industry. Scripted shows, with continuous stories and character development that require teams of writers and set designers, have been pushed to the back seat. Nowadays, good writers and actors are in limited demand, and the much more affordable Reality TV has become the networks’ new bread and butter.

Reality TV has been quickly expanding in popularity and continue to dominate TV programming, with numerous new reality shows approved each year. With cheaper production costs, the Reality TV business model is efficient, and with our inherent human nature to be curious, demand is easily generated by exploiting this normal virtue. Additionally, the climate that the industry operates in is improving as a result of loosened credit policies, lower interest rates, rising advertising expenditure and migrations to internet and mobile platforms. By definition, reality TV is essentially unscripted programming and focuses on footage of real events or situations. Unlike scripted shows (sitcoms, dramas, newscasts, etc.), reality TV does not employ writers (who are recognized by the Writers Guild of America and are union employees) and actors, and much of the show is run by producers and a team of editors. Because of this, it can be a very affordable programming option from a production standpoint (low costs) and it helps preserve the idea that the shows are real and unscripted. This is one of the main reasons major networks prefer reality TV - the cost of pop-up celebrities far undercuts that of established or current ones.

This cost advantage spills over into the smaller independent and emerging networks - many of which wouldn't exist without the low-cost advantage of reality TV. There are even two channels dedicated solely to reality TV: Fox Reality in the U.S., and Zone Reality in the U.K. Not mentioning MTV, which had a massive resurgence in the 2000s thanks to the format, Bravo, Spike TV and TLC are all channels that owe much of their current successes to reality shows. The biggest advantages reality TV shows have over scripted ones are financial, however, the fact that reality shows are often used to deliver new content (and bring in ad money) while comedies and dramas are "off-season" is a major benefit. By filling the majority of a calendar year with "new" episodes of a show, networks and cable channels can capitalize on ad revenue for a longer time span - and there's little fear that a union strike will cease production in the meantime.
 
 
24

 

Independent producers, TV executives, broadcast syndication companies, cable networks, etc. all realize this potential and are constantly on the search for new ideas to help reinvent the industry and bring a fresh form of entertainment to viewers, scouting for new reality TV content to produce and distribute. From a show creator's point of view, coming up with concepts that haven't already been produced is difficult. However, to the Company’s benefit, the outlets and opportunities for new TV shows is vast. Hollywood producers and development executives work full time to create or find those new concepts to sell to TV networks. As the changing dynamics the television industry experienced in the recent years resulted in an acute shortage of development capital for new projects, they all rely on third parties to bring them new exciting developed projects to produce or distribute. This is the market that HGWT has identified and will attempt to fill.

MARKETING STRATEGIES

HGWT will market the reality TV programming content it owns to the entertainment industry worldwide. Management intends to maintain an extensive marketing campaign that will ensure maximum visibility for the business’s developed reality TV concepts among its targeted market. Although the Company will cater to the reality TV segments of the television syndication and cable network industry, the Company’s primary method of competition strategy is to market specifically to independent TV producers and smaller production companies. Independent producers and smaller production companies generally lack the resources required to conduct crucial show concept development work and they rely on third parties to supply them with well-developed concepts. Below is an overview of our marketing objectives and strategies.

Marketing Objectives

•           Establish a strong presence in targeted markets
•           Establish connections with entertainment advertising agencies and marketing firms
•           Build a network of industry contacts (e.g. utilizing Hollywood Creative Directory at hcdonline.com) to create additional visibility for the program

To promote and market the reality TV show concepts, the Company may seek the following strategies:

•           Prepare press releases
•           Submit show concepts to major television media market festivals and conferences (such as NATPE, MIPCOM, BANFF, etc.)
•           Pitch shows to TV executives and producers
•           Utilize online sources (e.g. TVWritersVault.com, etc.) to pitch and market our material
•           Create Internet advertising
•           Engage TV producer’s and executive's agents

Currently, our President, Mr. Ray, markets our reality TV show concepts through many channels, including networking at local media conferences and festivals and online sources, as well as his pre-existing and growing personal connections with independent producers. While Mr. Ray has limited experience in building clientele and marketing products to them, we anticipate that as the Company grows, its management will be expanded from one person to consist of additional members with expertise in the reality television industry, as well as entrepreneurial experience, which would provide the Company the advantage and benefit of its executives’ stature and all their connective networks within the industry.

Another important facet of marketing our projects to the entertainment industry is the protection and "proof-of-creation" as the creator. An aspiring writer need not be a member of any union to get protection for their writing. HGWT has submitted some of its most compelling show concepts to The Creators Vault to secure proof of creation for its work.
 
Currently, HGWT does not have any existing relationships or agreements with independent TV producers, producer’s agents, or TV executives.
 
 
25

 

REVENUE MODEL

Our mission is to maximize shareholder value by capitalizing on the demand for quality TV programming content and other interrelated media in the Reality TV genre that provide the audience with enjoyable entertainment and spur the dynamic growth potential of the Company.

Below is a description of the HGWT revenue model:

Concept Sales

The bulk of the Company’s initial revenues will come from the sales of our developed reality TV show concepts and related content (and all rights to them) to independent producers, production companies, etc. Such a deal structure means that HGWT will transfer all of the benefits of ownership of the reality TV show concept to the buyer at the time of sale for a negotiated amount, with no future payouts (such as profit participation, merchandizing, on-screen credits, licensing fees, etc.) The buyer may choose to utilize the concept they purchased as they please and are not obligated to keep it in the same format.

Concept Options

HGWT will aggressively pursue to option its developed reality TV projects to production companies, whereby a production company will secure exclusive rights to sell and produce a reality TV project during a limited time period. Once an option deal is signed, the Company will accept "option money" which is a down payment toward the negotiated purchase price we expect to receive when the project is sold/optioned to a studio or a network. Additionally, "profit participation" and "on-screen credit" terms may be negotiated. When the project is sold/optioned to a studio or a network, the studio then works to develop and produce the project for airing or distribution, and the Company will receive the balance of the purchase price. If the project is not sold within the specified time period, the ownership rights of the project will revert back to the Company.

Licensing Fees

In the future, as the Company continues to develop its portfolio of reality TV show concepts and grow its business connections within the entertainment industry, management intends to embark on strategic relationships with production companies that will express interest in licensing the Company’s projects. With adequate financing, HGWT will seek to produce approximately three pilots in reality-based TV show formats per year. The Company will present these pilots to production companies to see if they garner interest. In the case that a production company is interested in a particular pilot, they will pay a negotiated license fee for the rights to produce this television program. The license fee is re-negotiable every year and this fee will be directly dependent upon that show’s success during the preceding year.

We estimate that approximately 90% of our business revenue will come from the sales/options of our TV show concepts, and about 10% from licensing fees. We believe that developing strong and diversified reality TV show concepts in popular genres and engaging talented creative team will ensure a profitable operation and solidify the pillars for HGWT to weather occasional turns in the economy for long-term success.
 
 
26

 

GROWTH STRATEGY

The Company’s growth strategy is currently set as a three-stage initiative that will culminate within the next few years.
 
The first stage will include hiring additional key management, adding to the Board of Directors, and securing the vital agreements required to enter and participate in the Reality TV production industry, as well as capitalize on the demand for quality reality TV entertainment. At this stage, we will continue to offer our treatments for sale to the industry without the ability to produce a pilot. The Company currently is shopping around several Reality TV concepts/treatments, and has one project under review with a prospective buyer. This phase will last approximately 12 to 18 months and will serve to provide proof-of-concept for the Company in a highly cost-effective manner. We believe that, once reached, these milestones will provide us with name recognition and a large network of business relationships, and will position us to enter the second phase of our growth strategy.

Once the Company has achieved the goals set forth in their phase one strategy, HGWT will aggressively implement phase two of the growth strategy. In the second phase, the Company anticipates to outsource and expand its internal operations by engaging seasoned professionals in graphics, filmography, development and production to assist in advancing a TV show concept to the next level of actual production. While we do not currently produce reality shows, we are certain it will be easier to sell a television show if a pilot or a full season of episodes can be produced. In addition, the Company will also accept submissions of original content from agencies representing reality TV show writers for consideration of further development and production. The Company projects the second phase of operations will commence during the second year of operations, and will culminate with the onset of phase three by the beginning of year four.

The third phase of HGWT’s growth strategy will begin the expansion of our market penetration, whereby our created programming content is routinely sold to the entertainment industry. At this stage, management will direct its attention towards vertically integrating the operations that were previously outsourced, and becoming a premier full-service multi-faceted television production company that develops, sells, produces, packages and licenses shows and formats domestically and internationally.

REALITY TV INDUSTRY BACKGROUND AND ANALYSIS

History and Overview
 
Companies in reality TV industry produce unscripted/semi-scripted reality TV shows. Reality TV is a genre of TV programming that presents purportedly unscripted dramatic or humorous situations, documents actual events, and usually features ordinary people instead of professional actors. The genre of reality TV consists of various subgenres, including talent shows, game shows, special-living environment shows, hidden-camera shows, talk shows and dating shows.

Reality TV has morphed from radio game show and amateur talent competition. The pioneer in the genre of reality TV as we know it today was "This is Your Life," a show presenting the story of a real person's life and relying on the participation of real people, who were shot in front of a live audience or filmed on location. "This is Your Life" was originally broadcast on the radio in the late 1940s and made the switch to television in the early 1950s. In the 1960s and '70s the genre continued to evolve and expand into game and amateur talent shows. "Jeopardy!" and "Wheel of Fortune" game shows created by Merv Griffin were the major hits of their time. Then in 1965 premiered "The Dating Game", which was created by Chuck Barris. The first reality television program, American Family, was introduced in the late 70’s as a documentary miniseries.

During the 80’s, two things happened that would forever change the face of television: the popularity of both home VCR players and the use of cable. For the first time in American history, viewers were able to hone in on what they were interested in and were not limited to the same ten channels everyone else was watching. The relocation of viewers lead to a loss of network ratings due to a fragmentation of their once very stable demographics. Advertisers began to spread their dollars a little more thinly with the big four networks, and the television programming climate became even more competitive. Producers wanted to spend less and get more.
 
 
27

 

The next big shift in reality TV came in 1992, when MTV premiered "The Real World". Hundreds of 18- to 25-year-olds were auditioned, and a cast of seven was put together in a New York City loft where producers and editing crews filmed the group without script for three months. The immediate (and ongoing) hit spawned "Road Rules" -- and countless "Real World/Road Rules Challenge" shows. Television viewers and producers alike were given their first glimpse into the genre of reality television, and they liked it. Eight years later, "Survivor" was a major hit. Some of the shows that followed in the wake of the "Survivor" success were "Big Brother," "The Mole," "The Amazing Race" and "The Bachelor." As the genre began to evolve, there was a fundamental shift from programming rooted in investigative journalism to documentaries of diversion and display. The genre now encompasses unscripted dramas, makeover sagas, celebrity exposés, lifestyle-change shows, dating shows, talent extravaganzas and just about any kind of competition.

Essentially, reality TV was a perfect fit for an industry that was struggling to find ways to cut corners. Today reality TV accounts for a dominant chunk of network programming.

Industry Economics and Forecast
 
Reality TV has grown in popularity since its inception and has reached its viewership peak. More than ever, consumers are tuning into the singers, dancers, housewives and gamers of reality TV. However, funding for these TV shows dried up over the past five years, with total US advertising expenditure falling at an annualized 0.5% over the five years to 2012, according to IBISWorld industry analyst Justin Waterman (IBISWorld, Reality TV Production in the US, August 27, 2012, http://www.ibisworld.com/industry/reality-tv-production.html ). With less money given to broadcasting studios for ad spots, TV networks had a smaller pool of revenue to buy reality TV shows from industry operators. As such, Reality TV Production industry revenue stayed relatively flat over the five years throughout 2012, growing only 0.9% per year on average to total $6 billion.

Although revenue growth was slow, the climate that the Reality TV Production industry operates in is improving as a result of loosened credit policies, lower interest rates, rising advertising expenditure and migrations to internet and mobile platforms. Industry growth, combined with lower costs of production (props, writers and vast shooting facilities are typically not required), has boosted profit margins from 2007 throughout 2012. Profit has also ballooned due to an influx of actors and actresses seeking to “star” in a reality TV show: lured by potential for fame and fortune, actors and actresses are increasingly willing to work for smaller paychecks. According to Waterman, there are about 768 reality TV production companies that compete with other content creators, such as online, broadcasting, cable, satellite and in-house network production companies, for a limited talent pool of top directors, writers, producers and other creative talent to produce top reality shows. Revenue is also highly dependent on fluctuating advertising spending and audience viewership numbers which have grown more fragmented across increasing numbers of broadcast, cable, satellite and premium subscription channels. Producers constantly have to develop new content to satisfy rapidly changing consumer tastes, which keeps concentration low. Several long-running reality series that major industry players have relied on for revenue, such as American Idol and Survivor, have declined in viewership, which caused industry concentration to fall in 2010. In 2011, however, industry leaders FremantleMedia Ltd. and One Three Inc. both launched successful shows – The X Factor and The Voice, respectively – which ultimately increased industry market share concentration over the past five years.

The next five years appear to foster growth, at least in terms of revenue and establishment growth. Driven by higher TV broadcasting studio's budgets (resulting from higher ad revenue) and online and portable reality TV content, industry revenue is forecast to rise over the five years to 2017. Increasingly though, consumers are growing tired of reality TV, so IBISWorld forecasts that Americans will gradually taper off their consumption of industry products, eventually reducing ratings and correlated advertising expenditures. Toward the end of the five-year period, the price paid for a reality TV show by a network is estimated to decrease.

The cost of reality TV in itself is the final factor in its current network saturation. The fact of the matter is reality TV is cheap to make, and in order to pursue a more “authentic” depiction of reality, cheap production is a must. Today Reality TV finds itself at the peak of an exponential growth. New shows come out every season taking the genre in a new direction by adding or enhancing plot devices from other genres. The line has become blurred as to where most other genres fit in to Reality TV because of the way that it has evolved. Though audiences may have grown tired of the genre completely, the growth of reality TV popularity has not slowed.  The reason for this is while producers are no longer struggling from the factors that lead to Reality TV’s primetime debut in the late 1980’s, a damaged economy and a lack of primetime success has ensured Reality TV’s stay. Most networks currently rely on their Reality TV shows to finance their much more expensive fictional primetime centerpieces. With the rapid growth in the genre it should not be surprising to find out that, reality TV shows are so popular today that there are plans in the works for their own prime time awards show.
 
 
28

 

COMPETITION

HGWT faces competition from within the independent reality TV developing community and the broader television industry. In addition to the large cable network and syndication companies, there are thousands of smaller development and production companies that write for either studio-backed or independent television projects. Virtually any development company that is engaged in developing and producing reality TV show concepts is considered our competition. In consideration of the Company’s lack of financial resources, scarcity of relationships within the reality television community, and absence of marketing tools, the Company is at a significant disadvantage relative to its more established competitors within the reality TV production industry.

Although the Company will cater to the Reality Television segments of the television syndication and cable network industry, the Company’s primary method of competition strategy is to market specifically to independent TV producers and smaller production companies. Independent producers and smaller production companies generally lack the resources required to conduct crucial show concept development work and they rely on third parties to supply them with well-developed concepts. HGWT believes catering to this segment will give the Company the competitive advantage it needs to be able to distinguish itself among its competitors. The Company will also prepare press releases, submit show concepts to major television media market festivals and conferences (such as NATPE, MIPCOM, BANFF, etc.), pitch shows to TV executives and producers, create Internet advertising and engage producer’s agents.

The Television production market is a highly competitive space in which success is primarily based on three concerns:
 
1. Timing
2. Relationships
3. Quality
 
In terms of timing, the Company firmly believes that the market is open as never before for novel reality TV programming. Hits such as Jersey Shore, The Apprentice, Real Housewives, etc. have primed the appetite of the reality television viewing audience for increasingly more edgy and controversial programming.

Although scarce, the Company believes Mr. Ray's pre-existing industry connections in the field will allow to tap into this highly lucrative industry with some level of credibility. Moreover, the Company already has several provocative treatments at different stages of development that it is currently shopping around and anticipates to sell to the TV industry, and has one project pending under review with a prospective buyer. With financing, HGWT will have the ability to tape pilots, which we are certain will make them an easier sell.

HGWT is finely tuned in to the demands of the audience and is currently developing several compelling and provocative show concepts that we hope will be fan favorites in the Reality TV genre. We make sure to identify an idea or a story within a reality TV programming genre that is popular or gaining in popularity and will captivate the audience and transcend their expectations. The Company is dedicated to producing projects that are both creatively distinctive and commercially rewarding. We take pride in our capacity to create show concepts spanning the entire creative spectrum and are committed to making quality groundbreaking television.

EMPLOYEES
 
The Company has no employees. The Company's sole officer and director, Mr. Ray, manages the Company's daily operations and oversees all aspects of its strategic development, including, but not limited to, content development, marketing and execution of its business plan. Mr. Ray receives no compensation.
 
 
29

 
 
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

General

The Company's overall plan of operations is to develop independent reality TV concepts for sale, option and licensure, with a goal toward catering to independent producers, cable television networks, syndication companies, and other entities. Currently, the Company does not have any agreements with, or sales to, any independent producers, cable television networks or syndication companies.

The Company’s plan of operation for the next 12 months is to continue with its current business operations in the independent reality TV production industry. Since its inception, the Company has completed work on 2 reality TV concepts and has several projects in development. The Company intends to generate revenue through marketing and selling of the reality TV programming it produces. The Company currently is shopping around its developed Reality TV concepts/treatments, and has one project under review with a prospective buyer. We anticipate to sell our projects to the entertainment industry. However, the Company can provide no assurance that it will be able to generate any revenue from them. At this time, we will continue to offer our treatments for sale to the industry without the ability to produce a pilot. Operating capital has been raised through an initial cash investment by Mr. Ray. If HGWT does not successfully generate profits from future sales/licensing of its reality TV projects, there are no assurances that the Company will be able to raise additional capital for operations.

HGWT has not been able to generate profit since inception. As a start-up company we generated expenses due to our business development, and did not realize any revenue to offset these expenses. We have incurred losses from inception through December 31, 2013 of $10,029. The Company’s inception was December 18, 2013 and therefore the Company can provide no financial comparisons to previous quarterly periods or fiscal years. The Company will not provide any forecasts of future earning or profitability. The future success of the Company cannot be ascertained with any certainty, and until the Company secures future sales of its reality TV programming content, no such forecast or future guidance will be formulated or provided.

As of December 31, 2013, our cash balance was $20,000 with current liabilities of $4,500. We believe that we will need $40,000 in capital, including the capital raised in this offering, in order to maintain our current and planned operations through the next 12 months.

Business Objectives
 
The Company will strive to meet the following goals:

•           Building and expansion of the Company’s operations
•           Executing of our business plan
•           Obtaining capital, as necessary, through sales of our common stock
•           Continuously adding to our portfolio of well-developed groundbreaking programming content
•           Successful marketing of our reality TV concepts to potential customers and contacts throughout the entertainment community to procure interest in the projects.
 
 
30

 

Mission Statement
 
Our mission is to capitalize on the demand for quality TV and produce innovative programming content and other interrelated media in the Reality TV genre that provide the audience with enjoyable entertainment and spur the dynamic growth potential of the Company, thereby maximizing shareholder value.

Keys to Success
 
HGWT’s success is greatly dependent on its ability to identify a gap in the market and cater to the unsatisfied demand. In recent years the television industry experienced changing dynamics which resulted in an acute shortage of development capital for new projects. Independent producers and smaller production companies generally lack the resources required to conduct crucial show concept development work and they rely on third parties to supply them with well-developed concepts. This is the market that the Company has identified and will attempt to fill.

The primary keys to success for the Company are the following factors:

•           Establishing a strong presence in targeted markets
•           Establishing connections with entertainment advertising agencies and marketing firms
•           Building a network of industry contacts (e.g. utilizing Hollywood Creative Directory at hcdonline.com) to create additional visibility for the Company and our products.

Liquidity

Currently, we are relying on equity capital and sales of our reality TV programming content. Currently, we pay costs associated with running a business on a day to day basis .

As of December 31, 2013 we had cash on hand of $20,000 with current liabilities of $4,500. We have incurred losses from inception through December 31, 2013 of $10,029. We used cash of $5,529 in operating expenses from inception through December 31, 2013.

We believe that we will need $40,000 in capital, including the capital raised in this offering, in order to maintain our current and planned operations through the next 12 months. We intend to raise the capital through the sale of shares of our common stock and through the sale of reality TV programming content we produce.

To the extent that our capital resources are insufficient to meet current or planned operating requirements, we will seek additional funds through equity or debt financing, collaborative or other arrangements with corporate partners, licensees or others, and from other sources, which may have the effect of diluting the holdings of existing shareholders. The Company has no current arrangements with respect to, or sources of, such additional financing and we do not anticipate that existing shareholders will provide any portion of our future financing requirements.

No assurance can be given that additional financing will be available when needed or that such financing will be available on terms acceptable to the Company. If adequate funds are not available, we may be required to delay or terminate expenditures for certain of its programs that it would otherwise seek to develop and commercialize. This would have a material adverse effect on the Company.
 
 
31

 
 
Results of Operations

For the period from inception through December 31, 2013

Revenue

During the period from inception on December 18, 2013 through December 31, 2013 we did not generate any revenues.

Expenses

During the period from inception on December 18, 2013 through December 31, 2013 we incurred operating expenses in the amount of $10,029 which consisted of $5,529 of general and administrative expenses and $4,500 of professional fees.

Net Loss

We had a net loss of $10,029 for the period from inception on December 18, 2013 through December 31, 2013.

Equity and Capital Resources

To date, we have funded our operations through owner's equity. From inception, we have not borrowed funds.

We expect our expenses will continue to increase during the foreseeable future as a result of increased operational expenses. Consequently, we are dependent on the proceeds from future debt or equity investments to sustain our operations and further implement our business plan. If we are unable to raise sufficient capital, we will be required to delay or forego some portion of our business plan, which would have a material adverse affect on our anticipated results from operations and financial condition. There is no assurance that we will be able to obtain necessary amounts of capital or that our estimates of our capital requirements will prove to be accurate. As of the date of this prospectus we did not have any commitments from any source to provide additional capital. Even if we are able to secure outside financing, it may not be available in the amounts or the times when we require. Furthermore, such financing would likely take the form of bank loans, private placement of debt or equity securities or some combination of these. The issuance of additional equity securities would dilute the stock ownership of current investors while incurring loans, leases or debt would increase our capital requirements and possible loss of valuable assets if such obligations were not repaid in accordance with their terms.

Off-balance Sheet Arrangements
 
Since our inception through December 31, 2013 we have not engaged in any off-balance sheet arrangements.
 
 
32

 

DESCRIPTION OF PROPERTY
 
Have Gun Will Travel Entertainment, Inc.’s corporate and operational offices are headquartered in the heart of the Warner Center Business District of Woodland Hills and are located at 5850 Canoga Ave., 4th Floor, Woodland Hills, CA 91367.

We lease our current office space. The lease is $99 per month. The monthly rent includes access to a fully furnished private office suite and conference rooms, reception service and a research library. HGWT believes that the rent expenses are at the current market rates. When necessary, the Company will lease a larger space to accommodate future growth.

LEGAL PROCEEDINGS
 
We are not a party to any material or legal proceeding and, to our knowledge, none is contemplated or threatened.

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS
 
Our Board of Directors currently consists of one member. The director holds office until his successor is duly elected by the stockholders. The executive officer serves at the pleasure of the Board of Directors. Our current director and executive officer is:
 
Name  
 
Age
 
Position  
 
Year Appointed
   
 
   
 
   
   
Tommie Ray 
 
66
 
President, Treasurer, Secretary and Director 
 
2013

Tommie Ray – President, Treasurer, Secretary, and Director – Mr. Ray is an accomplished actor mostly known for States of Grace (2005), Life at the Resort (2011), and Year of the Rat (2011) which he also co-directed.

Mr. Ray earned his Bachelor of Fine Arts degree in Theatre Arts from the University of Memphis in 1975; received extensive training at Van Mar Academy of Motion Pictures and Television Acting; and over the years gained invaluable experience in camera techniques, script analysis, advanced character development, commercial aspects of business, etc. Throughout his career, Mr. Ray has appeared in 18 movies and performed in 12 theatrical productions. He is songwriter, a published poet and playwright. Most recently, Mr. Ray founded Have Gun Will Travel Entertainment, Inc. and embarked on a carrier of a professional reality TV show producer.

Board Committees

Audit committee
 
We do not have a separately-designated standing audit committee. The Board of Directors performs the functions of an audit committee, but no written charter governs the actions of the Board of Directors when performing the functions that would generally be performed by an audit committee. The Board of Directors approves the selection of our independent accountants and meets and interacts with the independent accountants to discuss issues related to financial reporting. In addition, the Board of Directors reviews the scope and results of the audit with the independent accountants, reviews with management and the independent accountants our annual operating results, considers the adequacy of our internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the independent auditor and the performance of the independent auditor.
 
 
33

 

Compensation and Nominations Committees
 
We currently have no compensation or nominating committee or other board committee performing equivalent functions. Currently, the member of our Board of Directors participates in discussions concerning executive officer compensation and nominations to the Board of Directors.
 
Code of Conduct and Ethics
 
We have adopted a Code of Ethics, as required by sections 406 and 407 of the Sarbanes-Oxley Act of 2002. It has been filed as an Exhibit to our registration statement.

Indemnification of Executive Officers and Directors

The Nevada Revised Statutes permits indemnification of directors, officers, and employees of corporations under certain conditions subject to certain limitations. In the event that a claim for indemnification (other than the payment by us of expenses incurred or paid by our directors and officers in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is appropriate and will be governed by the final adjudication of such issue.
 
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
 
EXECUTIVE COMPENSATION
 
No officers or directors have received annual compensation since the inception of the Company. There has been no compensation awarded to, earned by, or paid to any of the named executive officers or directors.
 
As our business progresses and grows, we expect to hire and begin paying salaries to other officers and directors. We also expect to hire part-time and full-time employees and consultants who will be paid compensation and consulting fees.
 
Stock option plan
 
We do not have a stock option plan and we have not issued any warrants, options or other rights to acquire our securities. However, we intend to adopt an incentive and non-statutory stock option plan in the future.
 
Employee Pension, Profit Sharing or other Retirement Plans
 
We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although we may adopt one or more of such plans in the future.
 
 
34

 

Director's compensation
 
At present we do not pay our director for attending meetings of our Board of Directors, although we may adopt a director compensation policy in the near future.
 
Related Party Transactions
 
On December 30, 2013, HGWT issued 8,500,000 shares of 0.001 par value common stock to Tommie Ray, an officer and director, in exchange for cash of $20,000 and expenses paid on the Company's behalf of $5,529.
 
The Company has no employment contracts at this time.
 
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
 
The following tables set forth, as of December 31, 2013, the ownership of our common stock by each person known by us to be the beneficial owner of more than 5% of our outstanding common stock, our director, or executive officer and our executive officers and directors as a group. To the best of our knowledge, the person named has sole voting and investment power with respect to such shares, except as otherwise noted. There are no known pending or anticipated arrangements that may cause a change in control.
 
         
Percentage of Outstanding
Common Stock
 
Name and Address of Beneficial Owner
 
Shares
Beneficially
Owned (1)
   
Prior to
Offering
   
After
Offering
 
                   
Tommie Ray
5850 Canoga Avenue, 4 th Floor
Woodland Hills, CA 91367-6554
    8,500,000       100 %     63% (2)  
                         
Officers with Directors as a group (1)
    8,500,000       100 %     63% (2)  
 
(1)  
Includes all shares each director and officer has the right to acquire within sixty days.
(2)  
Assumes that all of the shares being offered are sold.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
 
To the best of the Company’s knowledge, there are no transactions during the Company’s last two full fiscal years and the current fiscal year or any currently proposed transaction, involving the issuer, in which: i) the amount involved exceeds the lesser of $120,000 or one percent of the average of the issuer’s total assets at year end for its last three fiscal years; and ii) any related person had or will have a direct or indirect material interest.
 
 
35

 

DESCRIPTION OF SECURITIES

Common Stock
 
We are authorized to issue 70,000,000 shares of common stock, $.001 par value per share, of which 8,500,000 shares are issued and outstanding. Each outstanding share of common stock is entitled to one vote, either in person or by proxy, on all matters that may be voted upon by their holders at meetings of the stockholders. The Board of Directors may not cause a reverse split of the outstanding common stock of the Company without an affirmative vote of the holders of 50% of the capital stock of the corporation entitled to vote or by the consent of the stockholders. Shares of common stock of the Company may be issued from time to time without prior approval by the stockholders. Common stock may be issued for such consideration as may be fixed from time to time by the Board of Directors. The Board of Directors may issue such shares of common stock in one or more series, with such voting powers, designations, preferences and rights or qualifications, limitations or restrictions thereof as shall be stated in the resolution or resolutions.

Preferred Stock
 
We are authorized to issue 5,000,000 shares of preferred stock, $.001 par value, of which no shares are issued and outstanding. Shares of preferred stock of the Company may be issued from time to time without prior approval by the stockholders. Preferred stock may be issued for such consideration as may be fixed from time to time by the Board of Directors. The Board of Directors may issue such shares of preferred stock in one or more series, with such voting powers, designations, preferences and rights or qualifications, limitations or restrictions thereof as shall be stated in the resolution or resolutions.
 
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

Market Information
 
There is no public trading market for our common stock and a regular trading market may not develop, or if developed, may not be sustained. Unless and until a trading market exists, a stockholder in all likelihood will not be able to resell his or her securities should he or she desire to do so. While we will endeavor to have our common stock listed for trading on the OTC Markets (OTCQB), there is no assurance that we will be able to do so. We have no current proposals, arrangements, or understandings with any person with regard to the development of a trading market in our common stock.
 
The process for listing a company's shares for trading on the OTCQB is a lengthy one. The process requires a market maker to file a listing application with FINRA on our behalf. The application is reviewed by FINRA and may or may not be approved. The process of seeking OTCQB listing can take 60 days or more to complete and any listing is contingent on FINRA approving our application. If our application is approved, FINRA will assign us a trading symbol which will then become listed and quoted on the OTCQB. Being listed on the OTCQB will facilitate buyers and sellers to consummate purchases and sales of our stock as well as allowing the market price to adjust to reflect current valuations of our business. We do not anticipate engaging a market maker to initiate the OTCQB listing application until this offering has been completed.
 
Conflict of Interest
 
The current officer and director of the Company shall devote full-time to the Company. If a specific business opportunity becomes available, such person may face a conflict in selecting between our business interest and their other business interests. The policy of the Board is that any personal business or corporate opportunity incurred by an officer or director of the Company must be examined by the Board and turned down by the Board in a timely basis before an officer or director can engage or take advantage of a business opportunity which could result in a conflict of interest.
 
 
36

 
 
None of the following parties has, since the date of incorporation, had any material interest, direct or indirect, in any transaction with the Company or in any presently proposed transaction that has or will materially affect us:
 
 
The officer and director; 
 
Any person proposed as a nominee for election as a director; 
 
Any person who beneficially owns, directly or indirectly, shares carrying more than 5% of the voting rights attached to the outstanding shares of common stock; 
 
Any relative or spouse of any of the foregoing persons who have the same house as such person. 
 
As per the definition of a “promoter”, generally defined as anyone involved in the formation of the issuer, Mr. Ray, the incorporator of the Company, would be considered a “promoter.”

The term “promoter” includes: i) any person who, acting alone or in conjunction with one or more persons, directly or indirectly takes initiative in founding and organizing the business or enterprise of an issue; or ii) any person who, in connection with the founding and organizing of the business or enterprise of an issuer, directly or indirectly receives in consideration of services or property, or both services and property, 10 percent or more of any class securities of the issuer or 10 percent or more of the proceeds from the sale of any class of such securities. However, a person who receives such securities or proceeds either solely as underwriting commissions or solely in consideration of property shall not be deemed a promoter within the meaning of this paragraph, if such person does not otherwise take part in founding and organizing the enterprise.

Other than Mr. Ray, there are no promoters being used in relation with this offering. No persons who may, in the future, be considered a promoter will receive or expect to receive any assets, services or other consideration from the Company. No assets will be or are expected to be acquired from any promoter on behalf of the Company.

Penny Stock Considerations

Our common stock will be deemed to be "penny stock" as that term is generally defined in the Securities Exchange Act of 1934 to mean equity securities with a price of less than $5.00. Our shares thus will be subject to rules that impose sales practice and disclosure requirements on broker-dealers who engage in certain transactions involving a penny stock.
 
Under the penny stock regulations, a broker-dealer selling a penny stock to anyone other than an established customer or accredited investor must make a special suitability determination regarding the purchaser and must receive the purchaser's written consent to the transaction prior to the sale, unless the broker-dealer is otherwise exempt. Generally, an individual with a net worth in excess of $1,000,000 or annual income exceeding $100,000 individually or $300,000 together with his or her spouse is considered an accredited investor. In addition, under the penny stock regulations the broker-dealer is required to:
 
Deliver, prior to any transaction involving a penny stock, a disclosure schedule prepared by the SEC relating to the penny stock market, unless the broker-dealer or the transaction is otherwise exempt;
 
Disclose commissions payable to the broker-dealer and our registered representatives and current bid and offer quotations for the securities;
 
 
37

 
 
Send monthly statements disclosing recent price information pertaining to the penny stock held in a customer's account, the account's value and information regarding the limited market in penny stocks; and
 
Make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction, prior to conducting any penny stock transaction in the customer's account.
 
Because of these regulations, broker-dealers may encounter difficulties in their attempt to buy or sell shares of our common stock, which may affect the ability of selling stockholders or other holders to sell their shares in the secondary market and have the effect of reducing the level of trading activity in the secondary market. These additional sales practice and disclosure requirements could impede the sale of our common stock even if our common stock becomes publicly traded. In addition, the liquidity for our common stock may be decreased, with a corresponding decrease in the price of our common stock. Our shares are likely to be subject to such penny stock rules for the foreseeable future.
 
Common Stock Currently Outstanding
 
As of December 31, 2013, all of our currently outstanding shares consist of 8,500,000 shares of restricted common stock.

Holders

As of the date of this registration statement, we had one stockholder of record of our common stock.

Dividends
 
We have not declared any cash dividends on our common stock since our inception and do not anticipate paying any dividends in the foreseeable future. We plan to retain future earnings, if any, for use in our business. Any decisions as to future payments of dividends will depend on our earnings and financial position and such other facts, as the Board of Directors deems relevant.

Reports to Stockholders
 
We are currently not subject to the information and reporting requirements of the Securities Exchange Act of 1934 but will be following the effectiveness of this registration statement. At that time, we will file all necessary periodic reports, and other information with the SEC. We intend to send annual reports to our stockholders containing audited financial statements.

Transfer Agent

Manhattan Transfer Registrar Co., 57 Eastwood Road, Miller Place, NY, 17764, Phone: 877.645.8691, Fax: 631.209.8143, is the registrar and transfer agent for our Common Stock.
 
 
38

 
 
DISCLOSURE OF COMMISSION POSITION OF INDEMNIFICATION FOR SECURITIES ACT LIABILITIES
 
Our Bylaws, subject to the provisions of the Nevada Revised Statutes, contain provisions which allow the Company to indemnify any person against liabilities and other expenses incurred as the result of defending or administering any pending or anticipated legal issue in connection with service to us if it is determined that person acted in good faith and in a manner which he reasonably believed was in or not opposed to the best interest of the Company. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable.

EXPERTS

Financial Auditors

Current financial statements for the period from inception included in this prospectus have been so included in reliance on the report of CPA Services Corp., 18501 Pines Blvd., Suite 204, Pembroke Pines, 33029, independent public accountant, given on that firm’s authority as experts in auditing and accounting.

Legal Counsel Providing Legal Opinion  

The validity of the issuance of the shares of common stock will be passed upon for the company by Matthew McMurdo, Esq. Counsel has additionally consented to his opinion being included as an exhibit to this filing. Additionally, counsel has consented to being named in the prospectus.

The legal counsel that passed their opinion on the legality of these securities is:

Matthew McMurdo, Esq.
28 West 44 th Street, 16 th Floor
New York, NY 10036


WHERE YOU CAN FIND MORE INFORMATION
 
We have filed with the SEC a registration statement on Form S-1 (File Number ___________) under the Securities Act of 1933 regarding the shares of common stock offered hereby. This prospectus does not contain all of the information found in the registration statement, portions of which are omitted as permitted under the rules and regulations of the SEC. For further information regarding us and the securities offered by this prospectus, please refer to the registration statement, including its exhibits and schedules. Statements made in this prospectus concerning the contents of any contract, agreement or other document filed as an exhibit to the registration statement are summaries of the terms of those documents. The registration statement of which this prospectus forms a part, including its exhibits and schedules, may be inspected and copied at the public reference room maintained by the SEC at 100 F Street, N.E., Washington, D.C. 20549. You may obtain information on the operation of the public reference room by calling the SEC at 1-800-SEC-0330.
 
The SEC maintains a web site on the Internet at www.sec.gov. Our registration statement and other information that we file with the SEC are available at the SEC's website.
 
We intend to make available to our stockholders annual reports (on Form 10-K) containing our audited consolidated financial statements and make available quarterly reports (on Form 10-Q) containing our unaudited interim consolidated financial information for the first three fiscal quarters of each of our fiscal years.
 
If you are a stockholder, you may request a copy of these filings at no cost by contacting us at:

Have Gun Will Travel Entertainment, Inc.
5850 Canoga Avenue, 4 th Floor
Woodland Hills, CA 91367-6554
 
 
39

 
 
HAVE GUN WILL TRAVEL ENTERTAINMENT INC.
 
(A Development Stage Company)
 
 
FINANCIAL STATEMENTS
 
From Inception (December 18, 2013) Through December 31, 2013
 
 
TABLE OF CONTENTS
                     
FINANCIAL STATEMENTS:        
REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS     41  
Balance Sheet     42  
Statement of Operations     43  
Statement of Cash Flows     44  
Statement of Stockholders’ Equity     45  
Notes to Financial Statements     46  
 
 
40

 
 
CPA Services Corp Com

 
enrique@cpaservicescorp.com
www.cpaservicescorp.com
 (754) 400 - 1040
18501 Pines Blvd - #207
Pembroke Pines, FL 33029
 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
PCAOB REGISTERED
 
To the Board of Directors
HAVE GUN WILL TRAVEL ENTERTAINMENT INC.
(A Development Stage Company)

We have audited the accompanying balance sheet of HAVE GUN WILL TRAVEL ENTERTAINMENT INC. (A Development Stage Company) as of December 31, 2013, and the related statements of operations, stockholders’ equity and cash flows from inception on December 18, 2013 through December 31, 2013. These financial statements are the responsibility of the Company’s management.  Our responsibility is to express an opinion on these financial statements based on our audits.
 
We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audits 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 statement presentation.  We believe that our audits provide a reasonable basis for our opinion.
 
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of HAVE GUN WILL TRAVEL ENTERTAINMENT INC. (A Development Stage Company) as of December 31, 2013 and the results of its operations and its cash flows from inception on December 18, 2013 through December 31, 2013, 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. The Company has not generated any revenues, has accumulated a loss of $10,029 and currently lacks the capital to pursue its business plan, which raises substantial doubt about its ability to continue as a going concern.  Management’s plans concerning these matters are described in Note I. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
 
Pembroke Pines, Florida
Monday, February 03, 2014
 
Enrique Nowogrodzki, CPA
 
 
41

 
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
Balance Sheet
 
ASSETS
 
   
December 31,
 
   
2013
 
CURRENT ASSETS
     
       
Cash and cash equivalents
  $ 20,000  
         
Total Current Assets
    20,000  
         
TOTAL ASSETS
  $ 20,000  
         
LIABILITIES AND STOCKHOLDERS' EQUITY
 
         
CURRENT LIABILITIES
       
         
Accounts payable and accrued liabilities
  $ 4,500  
         
Total Current Liabilities
    4,500  
         
Total Liabilities
    4,500  
         
STOCKHOLDERS' EQUITY
       
         
Preferred shares: $0.001 par value, 5,000,000 shares authorized: no shares  issued and outstanding
    -  
         
Common shares: $0.001 par value, 70,000,000 shares authorized: 8,500,000 shares  issued and outstanding
    8,500  
         
Additional paid-in capital
    17,029  
Deficit accumulated during the exploration stage
    (10,029 )
         
Total Stockholders' Equity
    15,500  
         
TOTAL LIABILITIES AND  STOCKHOLDERS'  EQUITY
  $ 20,000  
 
The accompanying notes are an integral part of these financial statements.
 
 
42

 
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
Statement of Operations
 
   
From
Inception on
December 18, 2013
Through
December 31,
2013
 
       
REVENUES
  $ -  
         
OPERATING EXPENSES
       
         
Professional fees
    4,500  
         
General and administrative
    5,529  
         
Total Operating Expenses
    10,029  
         
LOSS FROM OPERATIONS
    (10,029 )
         
LOSS BEFORE INCOME TAXES
    (10,029 )
         
Provision for income taxes
    -  
         
NET LOSS
  $ (10,029 )
         
BASIC AND DILUTED LOSS PER SHARE
  $ (0.02 )
         
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED
    653,846  
 
The accompanying notes are an integral part of these financial statements.

 
43

 
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
Statement of Cash Flows
 
   
From
 
   
Inception on
 
   
December 18, 2013
 
   
to December 31,
 
   
2013
 
OPERATING ACTIVITIES
     
       
Net loss
  $ (10,029 )
Adjustments to reconcile net loss to
       
Operating expenses paid by shareholder
    5,529  
 net cash used in operating activities:
       
Changes in operating assets
       
 and liabilities:
       
Accounts payable and
       
 accrued expenses
    4,500  
         
Net Cash Used in
       
Operating Activities
    -  
         
INVESTING ACTIVITIES
       
         
Net Cash Used in
       
Investing Activities
    -  
         
FINANCING ACTIVITIES
       
         
Proceeds from sale of common stock
    20,000  
         
Net Cash Provided by
       
Financing Activities
    20,000  
         
NET INCREASE (DECREASE) IN CASH
    20,000  
CASH AT BEGINNING OF PERIOD
    -  
         
CASH AT END OF PERIOD
  $ 20,000  
         
SUPPLEMENTAL DISCLOSURES OF
       
CASH FLOW INFORMATION
       
         
CASH PAID FOR:
       
Interest
  $ -  
Income taxes
  $ -  
 
The accompanying notes are an integral part of these financial statements.
 
 
44

 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
Statement of Stockholders' Equity
 
                               
Deficit
       
                               
Accumulated
       
                         
Additional
 
During the
 
Total
 
   
Preferred Stock
   
Common Stock
 
Paid-In
 
Exploration
 
Stockholders'
 
   
Shares
 
Amount
   
Shares
 
Amount
 
Capital
 
Stage
 
Equity
 
                                           
Balance, December 18, 2013 (Inception)
    -     $ -       -     $ -     $ -     $ -     $ -  
                                                         
Common stock issued for cash
    -       -       8,500,000       8,500       17,029       -       25,529  
                                                         
Net loss for the year ended December 31, 2013
    -       -       -       -       -       (10,029 )     (10,029 )
                                                         
Balance, December 31, 2013
    -     $ -       8,500,000     $ 8,500     $ 17,029     $ (10,029 )   $ 15,500  
 
The accompanying notes are an integral part of these financial statements.
 
 
45

 

HAVE GUN WILL TRAVEL ENTERTAINMENT, INC
(A Development Stage Company)
Notes to the Financial Statements
December 31, 2013


NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Business Organization
Have Gun Will Travel Entertainment, Inc. (the “Company"), a Nevada Corporation, was formed on December 18, 2013 with authorized capital of 70,000,000 shares of common stock, par value of $0.001 per share and 5,000,000 shares of preferred stock, par value of $0.001.

The Company has not generated any revenues and has incurred an accumulated deficit of $10,029 since inception. The Company has incurred a loss of $10,029 from inception on December 18, 2013 through the year ended December 31, 2013. The Company faces all the risks common to companies in their early stages of development including under capitalization and uncertainty of funding sources, high initial expenditure levels, uncertain revenue streams, and difficulties in managing growth. These factors raise substantial doubt regarding the ability of the Company to continue as a going concern. Continuation as a going concern is dependent upon achieving a profitable level of operations and on the ability of the Company to obtain necessary financing to fund ongoing operations. The Company’s financial statements do not reflect any adjustments that might result from the outcome of this uncertainty.

The Company prepares its financial statements in accordance with generally accepted accounting principles in the United States. In the opinion of management, all adjustments have been made to present fairly the financial statements of the Company. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The financial statements are expressed in U.S. funds.

Accounting Estimates
The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Areas where management uses subjective judgment include valuation of equity instruments and related party transactions. Actual results can differ from those estimates and assumptions.

Stock-based Compensation
Stock-based compensation expense includes the estimated fair value of equity awards vested during the reporting period.  The expense for equity awards vested during the reporting period is determined based upon the grant date fair value of the award and is recognized as expense over the applicable vesting period of the stock award using the straight-line method.

Earnings (Loss) per Share
Basic and diluted earnings (loss) per common share is calculated using the weighted average number of common shares outstanding during the period. The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Cash and Cash Equivalents
The company considers all highly liquid investments with original maturities of three months or less to be cash or cash equivalents.
 
 
46

 

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Recent Accounting Pronouncements
Management has considered all recent accounting pronouncements issued since the last audit of its consolidated financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s consolidated financial statements.

Revenue Recognition
The Company’s policy is to recognize revenues from the sale of services when the sale is completed and interest earned on an accrual basis when earned. Specifically, revenue is recognized when persuasive evidence of an arrangement exists, the price is fixed or determinable, and collectability is reasonably assured.

Fair Value of Financial Instruments
The carrying amounts of share subscriptions receivable approximate their fair values because of the short-term nature of these instruments. Common shares are valued at the lower of cost or market value.

Impairment of Long-Lived Assets
Long-lived assets held and used by the Company are reviewed for possible impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the estimated undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the fair value thereof.

Comprehensive Income
FASB ASC 220-10-20: Comprehensive Income establishes standards for the reporting and disclosure of comprehensive income and its components, which will be presented in association with a company's financial statements. Comprehensive income is defined as the change in a business enterprise's equity during a period arising from transactions, events or circumstances relating to non-owner sources, such foreign currency translation adjustments and unrealized gains or losses on available-for-sale securities. It includes all changes in equity during a period except those resulting from investments by or distributions to owners.

NOTE 2 – INCOME TAXES   

Net deferred tax assets consist of the following components:

   
December 31,
2013
 
Deferred  tax asset
  $ 3,410  
Valuation allowance
    (3,410 )
Net deferred tax asset
  $ -  
 
 
47

 
 
The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income statutory tax rates to pretax income (loss) from continuing operations as follows:

   
December 31,
 2013
 
Tax benefit at statutory rates
  $ (3,410 )
Impairment of asset
    -  
Change in valuation allowance
    3,410  
Net deferred tax asset
  $ -  

The Company has accumulated net operating loss carryovers of approximately $10,029 as of December 31, 2013 which are available to reduce future taxable income.  Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards for federal income tax reporting purposes may be subject to annual limitations. A change in ownership may limit the utilization of the net operating loss carry forwards in future years. The tax losses begin to expire in 2033. The fiscal year 2013 remains open to examination by federal tax authorities and other tax jurisdictions.
 
NOTE 3 – RELATED PARTY TRANSACTIONS

During the period ended from inception on December 18, 2013 through December 31, 2013 the company issued 8,500,000 shares of common stock to a related party for cash of 20,000 and expenses paid on the Company’s behalf of $5,529.

NOTE 4 – GOING CONCERN

Management has developed a strategic plan to develop its management team and business plan. Management anticipates generating sufficient revenue to fund the operations of the Company during the next fiscal year.

NOTE 5 – CAPITAL STOCK

Common shares: $0.001 par value, 70,000,000 shares authorized: 8,500,000 shares issued and outstanding

Preferred shares: $0.001 par value, 5,000,000 shares authorized: no issued and outstanding shares
 
NOTE 6 – CONTINGENCIES

The Company may from time to time be subject to legal proceedings and claims that may arise in the ordinary course of its business. There are no legal matters pending at the present date.
 
 
48

 

NOTE 7 – CERTIFICATION INFORMATION AND DISCLOSURE STATEMENT

All information furnished herein has been prepared from the books and records obtained from HAVE GUN WILL TRAVEL ENTERTAINMENT, INC. in accordance with rule 15c2-11 (a)(5) promulgated under the Securities and Exchange Act of 1934, as amended, and is intended as information to be used by the public. No dealer, salesman or any other person has been authorized to give any information or to make any representations not contained herein in connection with the Company. Any representations not contained herein must not be relied upon as having been made or authorized by the Company.

NOTE 8 – CAUTIONARY STATEMENT FOR PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT

Any statements in this report that are not historical facts are intended to fall within the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. These statements may be identified by such forward-looking terminology as “expect”, “look”, “believe”, and “anticipate”, “may”, “will”, or similar statements or variations of such terms. Any forward-looking statements should be considered in light of the risks and uncertainties associated with Riverdale Capital Ltd. and its businesses, economic and market conditions prevailing from time to time, and the application and interpretation of Federal and state tax laws and regulations, all of which are subject to material changes and which may cause actual results to vary materially from what had been anticipated. Certain factors that could affect the Company include conditions affecting revenues, reliance on key personnel, competition, and regulatory and legal matters.

NOTE 9 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no material subsequent events to report.
 
 
49

 

PART II

INFORMATION NOT REQUIRED IN PROSPECTUS
 
ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

The following are our expenses related to our initial public offering:
 
Securities and Exchange Commission Registration Fee
 
$
12.88
 
Legal Fees
   
10,500.00
 
Accounting Fees
   
5,000.00
 
Printing and Engraving
   
1,000.00
 
Blue Sky Qualification Fees and Expenses
   
0.00
 
Transfer Agent Fee
   
600.00
 
Miscellaneous*
   
2,887.12
 
         
TOTAL
 
$
20,000.00
 
__________
* Estimated
 
ITEM 14 . INDEMNIFICATION OF DIRECTORS AND OFFICERS
 
The Registrant is a Nevada corporation and the provisions of the Nevada Revised Statutes will be applicable to the indemnification the Registrant offers to its officers, directors and agents. In its By-laws the Registrant generally agrees to indemnify each person who is a director or officer of the Registrant, or serves at the request of a director or officer as a director, officer, employee or agent of another company, in accordance with the Registrant's By-laws, to the fullest extent permissible by the Nevada Revised Statutes or other applicable laws. In its By-laws the Registrant indicates that, in connection with any such indemnification, it is within the discretion of the Board of Directors whether to advance any funds in advance of disposition of any action, suit or proceeding.
 
Under the Articles of Incorporation, the By-laws, and the Nevada Revised Statutes, no director of the Registrant will be personally liable to the Registrant or its stockholders for monetary damages, or expenses in defense of an action, for breach of fiduciary duty as a director or by reason of the fact that he is or was a director, officer, employee or agent of the Registrant, or serving in such capacity for another entity at the request of the Registrant, except for liability (i) for any breach of the director's duty of loyalty to the Registrant or its stockholders, (ii) for acts or omissions not in good faith or there is reasonable cause to believe it was unlawful, or (iii) for any transaction from which the director derived an improper personal benefit. The Registrant has the power to purchase and maintain insurance on behalf of any persons potentially eligible for indemnification. The rights to indemnification are also applicable to those persons entitled to such rights by virtue of the Registrant's consummation of a business combination, including such consummations wherein the Registrant is merged into or reorganized as a new entity.

The foregoing description of available indemnification is a summary only, and is qualified in its entirety by the complete terms and provisions of the Nevada Revised Statutes and also the Registrant's Articles of Incorporation and By-laws, filed herewith as exhibits.

 
50

 
 
ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES
 
Below is a chart of all the unregistered shareholder who purchased shares since inception. This shareholder is the sole shareholder, officer and director of the Company.

The chart provides detail on the sales price of the security, person purchasing the security, the date and amount of the security.
 
St
Cert No
Name
Common Stock Shares
per share $
Total Pd
Address
Method of Payment
Date of
Payment
Underwriter
Exemption from Registration
CA
001
Tommie Ray
8,500,000
.0030034
$25,529
5850 Canoga Ave. 4th Floor
Woodland Hills, CA 91367
Cash/Paid Expenses
12/29/13
No
Section 4(2)

On December 30, 2013, the Company issued 8,500,000 shares of 0.001 par value common stock to Tommie Ray, an officer and director, in exchange for cash of $20,000 and expenses paid on the Company's behalf of $5,529. This sale of stock did not involve any public offering, general advertising or solicitation. At the time of the issuance, Mr. Ray had fair access to and was in possession of all available material information about the Company, as he is the sole officer and director of HGWT. The shares will bear a restrictive transfer legend in accordance with Rule 144 under the Securities Act. On the basis of these facts, we claim that the issuance of stock to our founding shareholder qualifies for the exemption from registration contained in Section 4(2) of the Securities Act of 1933.
 
ITEM 16. EXHIBITS

3.1
 
Articles of Incorporation for Have Gun Will Travel Entertainment, Inc.
3.2
 
By-Laws of Have Gun Will Travel Entertainment, Inc.
4.1
 
Form of Specimen Stock Certificate 
5.1
 
Opinion of Matthew McMurdo, Esq., legal counsel.
14.1     Code of Financial Conduct, Business Conduct and Ethics
23.1
 
Consent of CPA Services Corp.
23.2
 
Consent of Matthew McMurdo, Esq. (included in Exhibit 5.1)
99.1
 
Subscription Agreement
 
 
51

 
 
ITEM 17. UNDERTAKINGS 
 
UNDERTAKINGS

The Registrant undertakes:

1.   Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

The Registrant is registering securities under Rule 415 of the Securities Act and hereby undertakes:

1.   To file, during any period in which it offers or sells securities, a post-effective amendment to this registration statement to:

 
(i)
Include any prospectus required by Section 10(a)(3) of the Securities Act;

 
(ii)
Reflect in the prospectus any facts or events which, individually or together, represent a fundamental change in the information in the registration statement; and notwithstanding the forgoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospects filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in the volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

 
(iii)
Include any additional or changed material information on the plan of distribution.

2.   That, for the purposes of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

3.   To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

4.   The undersigned Registrant hereby undertakes that:
 
A.   For determining liability of the undersigned issuer under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned issuer undertakes that in a primary offering of securities of the undersigned issuer pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned issuer will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
 
 
52

 
 
 
i.
Any preliminary prospectus or prospectus of the undersigned issuer relating to the offering required to be filed pursuant to Rule 424;
 
 
ii.
Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned issuer or used or referred to by the undersigned issuer;
 
 
iii.
The portion of any other free writing prospectus relating to the offering containing material information about the undersigned  issuer or its securities provided by or on behalf of the undersigned issuer; and
 
 
iv.
Any other communication that is an offer in the offering made by the undersigned issuer to the purchaser.

B. That for the purpose of determining liability under the Securities Act to any purchaser:
 
Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.
 
"Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Act") may be permitted to directors, officers and controlling persons of the issuer pursuant to the foregoing provisions, or otherwise, the issuer has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable."

In the event that a claim for indemnification against such liabilities (other than the payment by the issuer of expenses incurred or paid by a director, officer or controlling person of the issuer in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the issuer will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

 
53

 

SIGNATURES
 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this registration statement to be signed on its behalf by the undersigned, on February 5, 2014.
 
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
 
       
 
By:  
/s / Tommie Ray
 
   
Tommie Ray, President, Treasurer, Secretary and Director
 
       
 
In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated.

/s / Tommie Ray
 
Dated: February 5, 2014
Tommie Ray, President, Treasurer, Secretary and Director
   
Principal Executive Officer
Principal Financial Officer
Principal Accounting Officer
   
 
 
53
EXHIBIT 3.1

 
1

 
 
 
2

 
 
 
EXHIBIT 3.2
 
By-Laws
 
OF
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.

ARTICLE I
STOCKHOLDERS

Section 1.01 Annual Meeting . The annual meeting of the stockholders of the corporation shall be held on such date and at such time as designated from time to time for the purpose or electing directors of the corporation and to transact all business as may properly come before the meeting. If the election of the directors is not held on the day designated herein for any annual meeting of the stockholders, or at any adjournment thereof, the president shall cause the election to be held at a special meeting of the stockholders as soon thereafter as is convenient.
 
Section 1.02 Special Meeting . Special meetings of the stockholders may be called by the president or the Board of Directors and shall be called by the president at the written request of the holders of not less than 50% of the issued and outstanding voting shares of the capital stock of the corporation. All business lawfully to be transacted by the stockholders may be transacted at any special meeting or at any adjournment thereof. However, no business shall be acted upon at a special meeting except that referred to in the notice calling the meeting, unless all of the outstanding capital stock of the corporation is represented either in person or in proxy. Where all of the capital stock is represented, any lawful business may be transacted and the meeting shall be valid for all purposes. All special meetings may be held telephonically or electronically with one or more of the stockholders being in contact telephonically or electronically, should such capabilities be reasonably available. Any signatures required may be acquired via fax or electronically, which signatures shall be considered as originals for all purposes.
 
Section 1.03 Place of Meetings . Any meeting of the stockholders of the corporation may be held at its principal office or at such other place in or out of the United States as the Board of Directors may designate. A waiver of notice signed by the Stockholders entitled to vote may designate any place for the holding of the meeting. All special meetings may be held telephonically and/or electronically with one or more of the stockholders being in contact in such manner, should such capabilities be reasonably available. Any signatures required may be acquired via fax or electronically, which signatures shall be considered as originals for all purposes.
 
Section 1.04 Notice of Meetings .
 
(a) The secretary shall sign and deliver to all stockholders of record written or printed notice of any meeting at least ten (10) days, but not more than sixty (60) days, before the date of such meeting. Said notice shall state the place, date and time of the meeting, the general nature of the business to be transacted, and, in the case of any meeting at which directors are to be elected, the names of the nominees, if any, to be presented for election.
 
 
1

 
 
(b) In the case of any meeting, any proper business may be presented for action, except the following items shall be valid only if the general nature of the proposal is stated in the notice or written waiver of notice:
 
(1) Action with respect to any contract or transaction between the corporation and one or more of its directors or officers or another firm, association, or corporation in which one of its directors or officers has a material financial interest;
 
(2) Adoption of amendments to the Articles of Incorporation;
 
(3)  Action with respect to the merger, consolidation, reorganization, partial or complete liquidation, or dissolution of the corporation.
 
(c) The notice shall be personally delivered, faxed, emailed or mailed by first class mail to each stockholder of record at the last known address thereof, as the same appears on the books of the corporation, and giving of such notice shall be deemed delivered the date the same is personally delivered, faxed, emailed or deposited in the United State mail, postage prepaid. If the address of any stockholder does not appear upon the books of the corporation, it will be sufficient to address such notice to such stockholder at the principal office of the corporation.
 
(d) The written certificate of the person calling any meeting, duly sworn, setting forth the substance of the notice, the time and place the notice was mailed, faxed, emailed or personally delivered to the stockholders, and the addresses to which the notice was mailed, delivered, emailed or faxed shall be prima facie evidence of the manner and the fact of giving such notice.
 
Section 1.05 Waiver of Notice . If all of the stockholders of the corporation waive notice of a meeting, no notice shall be required, and, whenever all stockholders shall meet in person or by proxy, such meeting shall be valid for all purposes without call or notice, and at such meeting any corporate action may be taken.
 
Section 1.06 Determination of Stockholders of Record.
 
(a) The Board of Directors may at any time fix a future date as a record date for the determination of the stockholders entitled to notice of any meeting or to vote or entitled to receive payment of any dividend or other distribution or allotment of any rights or entitled to exercise any rights in respect of any other lawful action. The record date so fixed shall not be more than sixty (60) days nor less than ten (10) days prior to the date of such meeting nor more than sixty (60) days nor less than ten (10) days prior to any other action. When a record date is so fixed, only stockholders of record on that date are entitled to notice of and to vote at the meeting or to receive the dividend, distribution or allotment of rights, or to exercise their rights, as the case may be, notwithstanding any transfer of any shares on the books of the corporation after the record date.
 
 
2

 
 
(b) If no record date is fixed by the Board of Directors, then (1) the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the business day next preceding the day on which notice is given or, if notice is waived at the close of business on the next day preceding the day on which the meeting is held; (2) the record date for action in writing without a meeting, when no prior action by the Board of Directors is necessary, shall be the day on which the written consent is given; and (3) the record date for determining stockholders for any other purpose shall be at the close of business on the day in which the Board of Directors adopts the resolution relating thereto, or the sixtieth (60th) day prior to the date of such other action, whichever is later.
 
Section 1.07 Voting .
 
(a) Each stockholder of record, or such stockholder's duly authorized proxy or attorney-in-fact shall be entitled to one (1) vote for each share of voting stock standing registered in such stockholder's name on the books of the corporation on the record date.
 
(b) Except as otherwise provided herein, all votes with respect to shares standing in the name of an individual on that record date (including pledged shares) shall be cast only by that individual or that individual's duly authorized proxy or attorney-in-fact. With respect to shares held by a representative of the estate of a deceased stockholder, guardian, conservator, custodian or trustee, votes may be cast by such holder upon proof of capacity, even though the shares do not stand in the name of such holder. In the case of shares under the control of a receiver, the receiver may cast in the name of the receiver provided that the order of the court of competent jurisdiction which appoints the receiver contains the authority to cast votes carried by such shares. If shares stand in the name of a minor, votes may be cast only by the duly appointed guardian of the estate of such minor if such guardian has provided the corporation with written notice and proof of such appointment.
 
(c) With respect to shares standing in the name of a corporation on the record date, votes may be cast by such officer or agent as the bylaws of such corporation prescribe or, in the absence of an applicable bylaw provision, by such person as may be appointed by resolution of the Board of Directors of such corporation. In the event that no person is appointed, such votes of the corporation may be cast by any person (including the officer making the authorization) authorized to do so by the Chairman of the Board of Directors, President, or any Vice-President of such corporation.
 
(d) Notwithstanding anything to the contrary herein contained, no votes may be cast for shares owned by this corporation or its subsidiaries, if any. If shares are held by this corporation or its subsidiaries, if any in a fiduciary capacity, no votes shall be cast with respect thereto on any matter except to the extent that the beneficial owner thereof possesses and exercises either a right to vote or to give the corporation holding the same binding instructions on how to vote.
 
(e) With respect to shares standing in the name of two or more persons, whether fiduciaries, members of a partnership, joint tenants, tenants in common, husband and wife as community property, tenants by the entirety, voting trustees, persons entitled to vote under a stockholder voting agreement or otherwise and shares held by two or more persons (including proxy holders) having the same fiduciary relationship with respect to the same shares, votes may be
cast in the following manner:
 
 
3

 
 
(1)  
If only one person votes, the vote of such person binds all.
 
(2)  
If more than one person votes, the act of the majority so voting binds all.
 
(3)  
If more than one person votes, but the vote is evenly split on a particular matter, the votes shall be deemed cast proportionately, as split.
 
(f) Any holder of shares entitled to vote on any matter may cast a portion of the votes in favor of such matter and refrain from casting the remaining votes or cast the same against the proposal, except in the case in the election of directors. If such holder entitled to vote fails to specify the number of affirmative votes, it will be conclusively presumed that the holder is casting affirmative votes with respect to all shares held.
 
(g) If a quorum is present, the affirmative vote of the holders of a majority of the voting shares represented at the meeting and entitled to vote on the matter shall be the act of the stockholders, unless a vote of greater number by classes is required by the laws of the State of Nevada, the Articles of Incorporation or these Bylaws.
 
Section 1.08 Quorum; Adjourned Meetings .
 
(a) At any meeting of the stockholders, a majority of the issued and outstanding voting shares of the corporation represented in person or by proxy, shall constitute a quorum.
 
(b) If less than a majority of the issued and outstanding voting shares are represented, a majority of shares so represented may adjourn from time to time at the meeting, until holders of the amount of stock required to constitute a quorum shall be in attendance. At such adjourned meeting at which a quorum shall be present, any business may be transacted which might have been transacted as originally called. When a stockholder's meeting is adjourned to another time or place, notice need not be given of the adjourned meeting if the time and place thereof are announced to the meeting to which the adjournment is taken, unless the adjournment is for more than ten (10) days in which event notice thereof shall be given.
 
Section 1.09 Proxies . At any meeting of stockholders, any holder of shares entitled to vote may authorize another person or persons to vote by proxy with respect to the shares held by an instrument in writing and subscribed to by the holder of such shares entitled to vote. No proxy shall be valid after the expiration of six (6) months from or unless otherwise specified in the proxy. In no event shall the term of a proxy exceed seven (7) years from the date of its execution. Every proxy shall continue in full force and effect until expiration or revocation. Revocation may be effected by filing an instrument revoking the same or a duly executed proxy bearing a later date with the secretary of the corporation.
 
4

 
 
Section 1.10 Order of Business . At the annual stockholder's meeting, the regular order of business shall be substantially as follows:
 
1.  
Determination of stockholders present and existence of quorum;
2.  
Reading and approval of the minutes of the previous meeting or meetings;
3.  
Reports of the Board of Directors, the president, treasurer and secretary of the corporation, in the order named;
4.  
Reports of committees;
5.  
Election of directors;
6.  
Unfinished business;
7.  
New business; and
8.  
Adjournment.
 
Section 1.11 Absentees' Consent to Meetings . Transactions of any meetings of the stockholders are valid as though had at a meeting duly held after regular call and notice of a quorum is present, either in person or by proxy, and if, either before or after the meeting, each of the persons entitled to vote, not present in person or by proxy (and those who, although present, either object at the beginning of the meeting to the transaction of any business because the meeting has not been lawfully called or convened or expressly object at the meeting to consideration of matters not included in the notice which are legally required to be included there), signs and/or electronically transmits a written waiver of notice and/or consent to the holding of the meeting or an approval of the minutes thereof. All such waivers, consents, and approvals shall be filed with the corporate records and made a part of the minutes of the meeting. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except that when the person objects at the beginning of the meeting is not lawfully called or convened and except that attendance at the meeting is not a waiver of any right to object to consideration of matters not included in the notice is such objection is expressly made at the beginning. Neither the business to be transacted at nor the purpose of any regular or special meeting of stockholders need be specified in any written waive of notice, except as otherwise provided in section 1.04(b) of these bylaws.
 
Section 1.12 Action Without Meeting . Any action, except the election of directors, which may be taken by the vote of the stockholders at a meeting, may be taken without a meeting if consented to by the holders of a majority of the shares entitled to vote or such greater proportion as may be required by the laws of the State of Nevada, the Articles of Incorporation, or these Bylaws. Whenever action is taken by written consent, a meeting of stockholders need not be called or noticed.
 
Section 1.13 Telephonic Messages . Meeting of the stockholders may be held through the use of conference telephone or similar communications equipment, email or instant mail as long as all members participating in such meeting can communicate with one another at the time of such meeting. Participation in such meeting constitutes presence in person at such meeting.
 
 
5

 
 
ARTICLE II
DIRECTORS
 
Section 2.01 Number, Tenure, and Qualification . Except as otherwise provided herein, the Board of Directors of the corporation shall consist of at least one (1) and no more than Seven (7) persons, who shall be elected at the annual meeting of the stockholders of the corporation and who shall hold office for one (1) year or until his or her successor or successors are elected and qualify. If, at any time, the number of the stockholders of the corporation is less than one hundred (100), the Board of Directors may consist of one person. A director need not be a stockholder of the corporation.
 
Section 2.02 Resignation . Any director may resign effective upon giving written notice to the Chairman of the Board of Directors, the president or the secretary of the corporation, unless the notice specified at a later time for effectiveness of such resignation. If the Board of Directors accepts the resignation of a director tendered to take effect at a future date, the Board of Directors or the stockholders may elect a successor to take office when the resignation becomes effective.
 
Section 2.03 Change in Number . Subject to the limitations of the laws of the State of Nevada, the Articles of Incorporation or Section 2.01 of these Bylaws, the number of directors may be changed from time to time by resolution adopted by the Board of Directors.
 
Section 2.04 Reduction in Number . No reduction of the number of directors shall have the effect of removing any director prior to the expiration of his term of office.
 
Section 2.05 Removal .
 
(a) The Board of Directors of the corporation, by majority vote, may declare vacant the office of a director who has been declared incompetent by an order of a court of competent jurisdiction, convicted of a felony, suspected of misfeasance, malfeasance, immoral acts or otherwise brings disrespect or undue negative impact upon the corporation.
 
(b) Any director may be removed from office, with or without cause, by the vote or written consent of stockholders representing not less than fifty percent of the issued and outstanding voting capital stock of the corporation.
 
Section 2.06 Vacancies .
 
(a) A vacancy in the Board of Directors because of death, resignation, removal, change in the number of directors, or otherwise may be filled by the stockholders at any regular or special meeting or any adjourned meeting thereof (but not by written consent) or the remaining director(s) of the affirmative vote of a majority thereof. Each successor so elected shall hold office until the next annual meeting of stockholders or until a successor shall have been duly elected and qualified.
 
(b) If, after the filling of any vacancy by the directors, the directors then in office who have been elected by the stockholders shall constitute less than a majority of the directors then in office, any holder or holders of an aggregate of five percent (5%) or more of the total number of shares entitled to vote may call a special meeting of the stockholders to be held to elect the entire Board of Directors. The term of office of any director shall terminate upon the election of a successor.
 
 
6

 
 
Section 2.07 Regular Meetings . As much as possible, immediately following the adjournment of, and at the same place as, the annual meeting of the stockholders, the Board of Directors, including directors newly elected, shall hold its annual meeting without notice other than the provision to elect officers of the corporation and to transact such further business as may be necessary or appropriate. The Board of Directors may provide by resolution the place, date, and hour for holding additional regular meetings.
 
Section 2.08 Special Meetings . Special meeting of the Board of Directors may be called by the Chairman and shall be called by the Chairman upon request of any two (2) directors or the president of the corporation.
 
Section 2.09 Place of Meetings . Any meeting of the directors of the corporation may be held at the corporation's principal office or at such other place in or out of the United States as the Board of Directors may designate. A waiver of notice signed by the directors may designate any place for holding of such meeting. Any directors’ meetings may be held telephonically or by any other electronic means with one or more of the directors being in such contact, should such capabilities be reasonably available. Any signatures required may be acquired via fax or electronically, which signatures shall be considered as originals for all purposes.
 
Section 2.10 Notice of Meetings . Except as otherwise provided in Section 2.07, the Chairman shall deliver to all directors written or printed notice of any special meeting, at least 48 hours before the time of such meeting, by delivery of such notice personally, via fax, email or mailing such notice first class mail or by telegram. If mailed, the notice shall be deemed delivered two (2) business days following the date the same is deposited in the United States mail, postage prepaid. Any director may waive notice of such a meeting, and the attendance of a director at such a meeting shall constitute a waiver of notice of such meeting, unless such attendance is for the express purpose of objecting to the transaction of business thereat because the meeting is not properly called or convened.
 
Section 2.11 Quorum; adjourned Meetings .
 
(a)  
A majority of the Board of Directors in office shall constitute a quorum.
 
(b)  
At any meeting of the Board of Directors where a quorum is present, a majority of those present may adjourn, from time to time, until a quorum is present, and no notice of such adjournment shall be required. At any adjourned meeting where a quorum is present, any business may be transacted which could have been transacted at the meeting originally called.
 
Section 2.12 Action without Meeting . Any action required or permitted to be taken at any meeting of the Board of Directors or any committee thereof may be taken without a meeting if a written consent thereto is signed by all of the members of the Board of Directors or of such committee, or if such written consent is confirmed or acknowledged via email or fax. Such written consent or consents shall be filed with the minutes of the proceedings of the Board of Directors or committee. Such action by written consent shall have the same force and effect as the majority vote of the Board of Directors or committee.
 
 
7

 
 
Section 2.13 Electronic Meetings . Meetings of the Board of Directors may be held through the use of a conference telephone or similar communications equipment such as email, instant messaging or similar communication so long as all members participating in such meeting can communicate with one another at the time of such meeting. Participation in such a meeting constitutes presence in person at such meeting. Each person participating in the meeting shall sign the minutes thereof, which may be in counterparts. Approval of said meeting may be accomplished via email or fax.
 
Section 2.14 Board Decisions . The affirmative vote of a majority of the directors present at a meeting at which a quorum is present shall be the act of the Board of Directors.
 
Section 2.15 Powers and Duties .
 
(a) Except as otherwise provided in the Articles of Incorporation or the laws of the State of Nevada, the Board of Directors is invested with complete and unrestrained authority to manage the affairs of the corporation, and is authorized to exercise for such purpose as the general agent of the corporation, its entire corporate authority in such a manner as it sees fit. The Board of Directors may delegate any of its authority to manage, control or conduct the current business of the corporation to any standing or special committee or to any officer or agent and to appoint any persons to be agents of the corporation with such powers including the power to subdelegate, and upon such terms as my be deemed fit.
 
(b) The Board of Directors shall present to the stockholders at annual meetings of the stockholders, and when called for by a majority vote of the stockholders at a special meeting of the stockholders, a full and clear statement of the condition of the corporation, and shall, at request, furnish each of the stockholders with a true copy thereof.
 
(c) The Board of Directors, in its discretion, may submit any contract or act for approval or ratification at any annual meeting of the stockholders or any special meeting properly called for the purpose of considering any such contract or act, provide a quorum is preset. The contract or act shall be valid and binding upon the corporation and upon all stockholders thereof, if approved and ratified by the affirmative vote of a majority of the stockholders at such meeting.
 
(d) The Board of Directors may ratify a “Related Transaction” by a majority vote of the disinterested directors that are voting at any Special or Regularly scheduled board meeting. A Related Transaction is defined as a material agreement, contract, or other transaction between a current officer, director, or shareholder of the Corporation and the Corporation itself. Additionally, under no circumstances may the Related Transaction that is ratified be on less favorable terms to the Company that it would have it been negotiated with an unrelated third party.
 
Section 2.16 Compensation . The directors shall be allowed and paid or reimbursed all necessary expenses incurred in attending any meetings of the Board of Directors and shall be entitle to receive such compensation for their services as directors as shall be determined form time to time by the Board of Directors or any committee thereof.
 
 
8

 
 
Section 2.17 Board of Directors .
 
(a) At its annual meeting, the Board of Directors shall elect, from among its members, a Chairman to preside at meetings of the Board of Directors. The Board of Directors may also elect such other board officers as it may, from time to time, determine advisable.
 
(b) Any vacancy in any board office because of death, resignation, removal or otherwise may be filled be the Board of Directors for the unexpired portion of the term of such office.
 
Section 2.18 Order of Business . The order of business at any meeting of the Board of Directors shall be substantially as follows:
 
1.  
Determination of members present and existence of quorum;
2.  
Reading and approval of minutes of any previous meeting or meetings;
3.  
Reports of officers and committeemen;
4.  
Election of officers (annual meeting);
5.  
Unfinished business;
6.  
New business; and
7.  
Adjournment.

ARTICLE III
OFFICERS
 
Section 3.01 Election . The Board of Directors, at its first meeting following the annual meeting of shareholders, shall elect a President, a Secretary and a Treasurer to hold office for a term of one (1) year and until their successors are elected and qualified. Any person may hold two or more offices. The Board of Directors may, from time to time, by resolution, appoint one or more Vice -Presidents, Assistant Secretaries, Assistant Treasurers and transfer agents of the corporation, as it may deem advisable, prescribe their duties and/or fix their compensation.
 
Section 3.02 Removal; Resignation . Any officer or agent elected or appointed by the Board of Directors may be removed by it with or without cause. Any office may resign at any time upon written notice to the corporation without prejudice to the rights, if any, of the corporation under contract to which the resigning officer is a party.
 
Section 3.03 Vacancies . Any vacancy in any office because of death, resignation, removal or otherwise may be filled by the Board of Directors for the unexpired term or such office.
 
Section 3.04 President . The President shall be deemed the general manager and executive officer of the corporation, subject to the supervision and control of the Board of Directors, and shall direct the corporate affairs, with full power to execute all resolutions and orders of the Board of Directors not especially entrusted to some other officer of the corporation. The President, or his designee, shall preside at all meetings of the stockholders and shall perform such other duties as shall be prescribed by the Board of Directors.
 
 
9

 
 
Unless otherwise ordered by the Board of Directors, the President, or his designee shall have the full power and authority on behalf of the corporation to attend, act and vote at meetings of the stockholders of any corporation in which the corporation may hold stock and, at such meetings, shall possess and may exercise any and all rights and powers incident to the ownership of such stock. The Board of Directors, by resolution from time to time, may confer like powers on any person or persons in place of the President to represent the corporation for these purposes.
 
Section 3.05 Vice President . The Board of Directors may elect one or more Vice Presidents who shall be vested with all the powers and perform all the duties of the President whenever the President is absent or unable to act, including the signing of the certificates of stock issued by the corporation, and the Vice President shall perform such other duties as shall be prescribed by the Board of Directors.
 
Section 3.06 Secretary . The Secretary shall keep the minutes of all meetings of the stockholders and the Board of Directors in books provide for that purpose. The secretary shall attend to the giving and service of all notices of the corporation, may sign with the President in the name of the corporation all contracts authorized by the Board of Directors or appropriate committee, shall have the custody of the corporate seal, shall affix the corporate seal to all certificates of stock duly issued by the corporation, shall have charge of stock certificate books, transfer books and stock ledgers, and such other books and papers as the Board of Directors or appropriate committee may direct, and shall, in general, perform all duties incident to the office of the Secretary. All corporate books kept by the Secretary shall be open for examination by any director at any reasonable time.
 
Section 3.07 Assistant Secretary . The Board of Directors may appoint an Assistant Secretary who shall have such powers and perform such duties as may be prescribed for him by the Secretary of the corporation or by the Board of Directors.
 
Section 3.08 Treasurer . The Treasurer shall be the chief financial officer of the corporation, subject to the supervision and control of the Board of Directors, and shall have custody of all the funds and securities of the corporation. When necessary or proper, the Treasurer shall endorse on behalf of the corporation for collection checks, notes, and other obligations, and shall deposit all moneys to the credit of the corporation in such bank or banks or other depository as the Board of Directors may designate, and shall sign all receipts and vouchers for payments by the corporation. Unless otherwise specified by the Board of Directors, the Treasurer shall sign with the President all bills of exchange and promissory notes of the corporation, shall also have the care and custody of the stocks, bonds, certificates, vouchers, evidence of debts, securities, and such other property belonging to the corporation as the Board of Directors shall designate, and shall sign all papers required by law, by these Bylaws, or by the Board of Directors to be signed by the Treasurer. The Treasurer shall enter regularly in the books of the corporation, to be kept for that purpose, full and accurate accounts of all moneys received and paid on account of the corporation and, whenever required by the Board of Directors, the Treasurer shall render a statement of any or all accounts. The Treasurer shall at all reasonable times exhibit the books of account to any directors of the corporation and shall perform all acts incident to the position of the Treasurer subject to the control of the Board of Directors.
 
The Treasurer shall, if required by the Board of Directors, give bond to the corporation in such sum and with such security as shall be approved by the Board of Directors for the faithful performance of all the duties of Treasurer and for restoration to the corporation, in the event of the Treasurer's death, resignation, retirement or removal from office, of all books, records, papers, vouchers, money and other property belonging to the corporation. The expense of such bond shall be borne by the corporation.
 
Section 3.09. Assistant Treasurer . The Board of Directors may appoint an Assistant Treasurer who shall have such powers and perform such duties as may be prescribed by the Treasurer of the corporation or by the Board of Directors, and the Board of Directors may require the Assistant Treasurer to give a bond to the corporation in such sum and with such security as it may approve, for the faithful performance of the duties of Assistant Treasurer, and for restoration to the corporation, in the event of the Assistant Treasurer's death, resignation, retirement or removal from office, of all books, records, papers, vouchers, money and other property belonging to the corporation. The expense of such bond shall be borne by the corporation.
 
 
10

 

ARTICLE IV
CAPITAL STOCK
 
Section 4.01 Issuance . Shares of capital stock of the corporation shall be issued in such manner and at such times and upon such conditions as shall be prescribed by the Board of Directors. Additionally, the Board of Directors of the corporation may not cause a reverse split of the outstanding common stock of the corporation without an affirmative vote of the holders of 50% of the capital stock of the corporation entitled to vote or by the consent of the stockholders in accordance with Section 1.12 of these Bylaws.
 
Section 4.02 Certificates . Ownership in the corporation shall be evidenced by certificates for shares of the stock in such form as shall be prescribed by the Board of Directors, shall be under the seal of the corporation and shall be signed by the President or a Vice -President and also by the Secretary or an Assistant Secretary. Each certificate shall contain the then name of the record holder, the number, designation, if any, class or series of shares represented, a statement of summary of any applicable rights, preferences, privileges or restrictions thereon, and a statement that the shares are assessable, if applicable. All certificates shall be consecutively numbered. The name, address and federal tax identification number of the stockholder, the number of shares, and the date of issue shall be entered on the stock transfer books of the corporation.
 
Section 4.03 Surrender; Lost or Destroyed Certificates . All certificates surrendered to the corporation, except those representing shares of treasury stock, shall be canceled and no new certificate shall be issued until the former certificate for a like number of shares shall have been canceled, except that in case of a lost, stolen, destroyed or mutilated certificate, a new one may be issued therefor. However, any stockholder applying for the issuance of a stock certificate in lieu of one alleged to have been lost, stolen, destroyed or mutilated shall, prior to the issuance of a replacement, provide the corporation with his, her or its affidavit of the facts surrounding the loss, theft, destruction or mutilation and if required by the Board of Directors, an indemnity bond in any amount and upon such terms as the Treasurer, or the Board of Directors, shall require. In no case shall the bond be in an amount less than twice the current market value of the stock and it shall indemnify the corporation against any loss, damage, cost or inconvenience arising as a consequence of the issuance of a replacement certificate.
 
Section 4.04 Replacement Certificate . When the Articles of Incorporation are amended in any way affecting the statements contained in the certificates for outstanding shares of capital stock of the corporation or it becomes desirable for any reason, including, without limitation, the merger or consolidation of the corporation with another corporation or the reorganization of the corporation, to cancel any outstanding certificate for shares and issue a new certificate for shares, the corporation shall issue an order for stockholders of record, to surrender and exchange the same for new certificates within a reasonable time to be fixed by the Board of Directors. The order may provide that a holder of any certificate (s) ordered to be surrendered shall not be entitled to vote, receive dividends or exercise any other rights of stockholders until the holder has complied with the order, provided that such order operates to suspend such rights only after notice and until compliance.
 
Section 4.05 Transfer of Shares . No transfer of stock shall be valid as against the corporation except on surrender and cancellation of the certificates therefor accompanied by an assignment or transfer by the registered owner made either in person or under assignment. Whenever any transfer shall be expressly made for collateral security and not absolutely, the collateral nature of the transfer shall be reflected in the entry of transfer on the books of the corporation.
 
Section 4.06 Transfer Agent . The Board of Directors may appoint, or delegate the ability to appoint, one or more transfer agents and registrars of transfer and may require all certificates for shares of stock to bear the signature of such transfer agent and such registrar of transfer.
 
Section 4.07 Stock Transfer Books . The stock transfer books shall be closed for a period of at least ten (10) days prior to all meetings of the stockholders and shall be closed for the payment of dividends as provided in Article V hereof and during such periods as, from time to time, may be fixed by the Board of Directors, and, during such periods, no stock shall be transferable.
 
Section 4.08 Miscellaneous . The Board of Directors shall have the power and authority to make such rules and regulations not inconsistent herewith as it may deem expedient concerning the issue, transfer, and registration of certificates for shares of the capital stock of the corporation.
 
 
11

 
 
ARTICLE V
DIVIDENDS
 
Section 5.01 Dividends . Dividends may be declared, subject to the provisions of the laws of the State of Nevada and the Articles of Incorporation, by the Board of Directors at any regular or special meeting and may be paid in cash, property, shares of the corporation stock, or any other medium. The Board of Directors may fix in advance a record date, as provided in Section 1.06 of these Bylaws, prior to the dividend payment for purpose of determining stockholders entitled to receive payment of any dividend. The Board of Directors may close the stock transfer books for such purpose for a period of not more than ten (10) days prior to the payment date of such dividend.
 
ARTICLE VI
OFFICES; RECORDS, REPORTS; SEAL AND FINANCIAL MATTERS
 
Section 6.01 Principal Office . The principal office of the corporation shall be as directed by the Board of Directors and The Board of Directors may from time to time, by resolution, change the location of the principal office. The corporation may also maintain an office or offices at such other place or places, either within or without the State of Nevada, as may be resolved, from time to time, by the Board of Directors.
 
Section 6.02 Records . The stock transfer books and a certified copy of the Bylaws, Articles of Incorporation, any amendments thereto, and the minutes of the proceedings of stockholders, the Board of Directors, and Committees of the Board of Directors shall be kept at the principal office of the corporation for the inspection of all who have the right to see the same and for the transfer of stock. All other books of the corporation shall be kept at such places as may be prescribed by the Board of Directors.
 
Section 6.03 Financial Report on Request . Any stockholder or stockholders holding at least five percent (5%) of the outstanding shares of any class of stock may make a written request for an income statement of the corporation for the three (3) month, six (6) month or nine (9) month period of the current fiscal year ended more than thirty (30) days prior to the date of the request and a balance sheet of the corporation as of the end of such period. In addition, if no annual report of the last fiscal year has been sent to stockholders, such stockholder or stockholders may make a request for a balance sheet as of the end of such fiscal year and an income statement and statement of changes in financial position for such fiscal year. The statements shall be delivered or mailed to the person making the request within thirty (30) days thereafter. A copy of the statements shall be kept on file in the principal office of the corporation for twelve (12) months, and such copies shall be exhibited at all reasonable times to any stockholder demanding an examination of them or a copy shall be mailed to each stockholder. Upon request by any stockholder, there shall be mailed to the stockholder a copy of the last annual, semiannual or quarterly income statement which it has prepared and a balance sheet as of the end of the period. The financial statements referred to in this Section 6.03 shall be accompanied by the report thereon, if any, of any independent accountants engaged by the corporation or the certificate of an authorized officer of the corporation that such financial statements were prepared without audit from the books and records of the corporation.
 
Section 6.04 Right of Inspection .
 
(a) The accounting and records and minutes of proceedings of the stockholders and the Board of Directors shall be open to inspection upon the written demand of any stockholder or holder of a voting trust certificate at any reasonable time during usual business hours for a purpose reasonably related to such holder's interest as a stockholder or as the holder of such voting trust certificate. This right of inspection shall extend to the records of the subsidiaries, if any, of the corporation. Such inspection may be made in person or by agent or attorney, and the right of inspection includes the right to copy and make extracts.
 
 
12

 
 
(b) Every director shall have the absolute right at any reasonable time to inspect and copy all books, records, and documents of every kind and to inspect the physical properties of the corporation and/or its subsidiary corporations. Such inspection may be made in person or by agent or attorney, and the right of inspection includes the right to copy and make extracts.
 
Section 6.05 Corporate Seal . The Board of Directors may, by resolution, authorize a seal, and the seal may be used by causing it, or a facsimile, to be impressed or affixed or reproduced or otherwise. Except when otherwise specifically provided herein, any officer of the corporation shall have the authority to affix the seal to any document requiring it.
 
Section 6.06 Fiscal Year-End . The fiscal year-end of the corporation shall be such date as may be fixed from time to time by resolution by the Board of Directors.
 
Section 6.07 Reserves . The Board of Directors may create, by resolution, out of the earned surplus of the corporation such reserves as the directors may, from time to time, in their discretion, think proper to provide for contingencies, or to equalize dividends or to repair or maintain any property of the corporation, or for such other purpose as the Board of Directors may deem beneficial to the corporation, and the directors may modify or abolish any such reserves in the manner in which they were created.
 
Section 6.08 Payments to Officers or Directors . Any payments made to an officer or director of the corporation, such as salary, commission, bonus, interest, rent or entertainment expense, which shall be disallowed by the Internal Revenue Service in whole or in part as a deductible expense by the corporation, shall be reimbursed by such officer or director to the corporation to the full extent of such disallowance. It shall be the duty of the Board of Directors to enforce repayment of each such amount disallowed. In lieu of direct reimbursement by such officer or director, the Board of Directors may withhold future compensation to such officer or director until the amount owed to the corporation has been recovered.
 
ARTICLE VII
INDEMNIFICATION
 
Section 7.01 In General . Subject to Section 7.02, the corporation may indemnify any director, officer, employee or agent of the corporation, or any individual serving in any such capacity who is deemed to have acted in good faith on behalf of the corporation, any other entity or enterprise at the request of the corporation, against any and all legal expenses (including attorneys' fees and costs), claims and/or liabilities arising out of any suit or proceeding, except an action by or in the right of the corporation.
 
Section 7.02 Lack of Good Faith; Criminal Conduct . The corporation, in it’s sole discretion, may, but shall not be required to, indemnify any individual, including any director or officer, where such person acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, where there was not reasonable cause to believe the conduct was unlawful. The termination of any action, suit or proceeding by judgment, order or settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that the person did not act in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, and that, with respect to any criminal action or proceeding, there was reasonable cause to believe that the conduct was unlawful.
 
 
13

 
 
Section 7.03 Successful Defense of Actions . The corporation may reimburse or otherwise indemnify any director, officer, employee, or agent against legal expenses (including attorneys' fees and costs) actually and reasonably incurred in connection with defense of any action, suit, or proceeding herein above referred to, whether or not such person is successful on the merits.
 
Section 7.04 Authorization . Indemnification shall be made by the corporation only when authorized in the specific case and upon a determination that indemnification is proper by:
 
(1)  
A majority of the stockholders;
 
(2)  
A majority vote of a quorum of the Board of Directors, consisting of directors who were not parties to the action, suit, or proceeding; or
 
Section 7.05 Advancing Expenses . Expenses incurred in defending any action, suit, or proceeding may be paid by the corporation in advance of the final disposition, when authorized by the Board of Directors, upon receipt of an undertaking by or on behalf of the person defending to repay such advances if indemnification is not ultimately available under these provisions.
 
Section 7.06 Continuing Indemnification . The indemnification provided by these Bylaws shall continue as to a person who has ceased to be director, officer, employee, or agent and shall inure to the benefit of the heirs, executors, and administrators of such a person.
 
Section 7.07 Insurance . The corporation may purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, or agent of the corporation or who is or was serving at the request of the corporation in any capacity against any liability asserted.

ARTICLE VIII
BYLAWS
 
Section 8.01 Amendment . These Bylaws may be altered, amended or repealed at any regular meeting of the Board of Directors without prior notice, or at any special meeting of the Board of Directors if notice of such alteration, amendment or repeal be contained in the notice of such alteration, amendment or repeal be contained in the notice of such special meeting. These Bylaws may also be altered, amended, or repealed at a meeting of the stockholders at which a quorum is present by the affirmative vote of the holders of 51% of the capital stock of the corporation entitled to vote or by the consent of the stockholders in accordance with Section 1.12 of these Bylaws. The stockholders may provide by resolution that any Bylaw provision repealed, amended, adopted or altered by them may not be repealed amended, adopted or altered by the Board of Directors.
 
 
14

 
 
CERTIFICATION
 
I, the undersigned, being the duly elected secretary of the corporation, do hereby certify that the foregoing Bylaws were adopted by the Board of Directors the 18th day of December 2013.
 
     
  Tommie Ray  
  Secretary  
     
CORPORATE SEAL    
 
 
15

 
 
EXHIBIT 4.1
 
 
EXHIBIT 5.1

 
February 5, 2014
Have Gun Will Travel Entertainment, Inc.
5850 Canoga Avenue, 4 th Floor
Woodland Hills, CA 91367-6554
 
Re: Registration Statement on Form S-1
 
Ladies and Gentlemen:
 
I am counsel for Have Gun Will Travel Entertainment, Inc., a Nevada corporation (the “Company”), in connection with the proposed public offering by the Company under the Securities Act of 1933, as amended, of up to 5,000,000 shares of its common stock, $0.001 par value per share (“Common Stock”) through a Registration Statement on Form S-1 (the “Registration Statement”) as to which this opinion is a part, to be filed with the Securities and Exchange Commission.
 
In connection with rendering my opinion as set forth below, I have reviewed and examined originals or copies identified to my satisfaction of the following:
 
(1) Articles of Incorporation, of the Company as filed with the Secretary of State of Nevada;
 
(2) By-laws of the Company;
 
(3) Corporate minutes containing the written resolutions of the Board of Directors of the Company;
 
(4) The Registration Statement and the prospectus contained within the Registration Statement; and
 
(5) The other exhibits of the Registration Statement.
 
I have examined such other documents and records, instruments and certificates of public officials, officers and representatives of the Company, and have made such other investigations as I have deemed necessary or appropriate under the circumstances.
 
In my examination, I have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to me as original documents and the conformity to original documents of all documents submitted to me as certified, conformed, facsimile, electronic or photostatic copies. I have relied upon the statements contained in the Registration Statement and certificates of officers of the Company, and I have made no independent investigation with regard thereto.
 
Based upon the foregoing and in reliance thereon, it is my opinion that the 5,000,000 shares of Common Stock being offered by the Company under the Registration Statement, when sold, will be legally issued, fully paid and non-assessable pursuant to the laws of the State of Nevada and the laws of the United States of America.
 
I hereby consent to this opinion being included as an exhibit to the Registration Statement and to the use of my name under the caption “EXPERTS” in the prospectus constituting a part thereof.
 
                               
EXHIBIT 14.1
 
CODE OF FINANCIAL CONDUCT, BUSINESS CONDUCT AND ETHICS
FOR
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
 
Introduction
 
Have Gun Will Travel Entertainment, Inc.   (the “ Company ”) is committed to the highest standards of legal and ethical conduct. This Code of Business Conduct and Ethics (the “ Code ”) sets forth the Company’s policies with respect to the way we conduct ourselves individually and operate our business. The provisions of this Code are designed to deter wrongdoing and to promote honest and ethical conduct among our employees, officers and directors.
 
In the course of performing our various roles in the Company, each of us will encounter ethical questions in different forms and under a variety of circumstances. Moments of ethical uncertainty may arise in our dealings with fellow employees of the Company, with customers, or with other parties such as government entities or members of our community. In achieving the high ground of ethical behavior, compliance with governmental laws is not enough. Our employees should never be content with simply obeying the letter of the law, but must also strive to comport themselves in an honest and ethical manner. This Code provides clear rules to assist our employees, directors and officers in taking the proper actions when faced with an ethical dilemma.
 
The reputation of the Company is our greatest asset and its value relies on the character of its employees. In order to protect this asset, the Company will not tolerate unethical behavior by employees, officers or directors. Those who violate the standards in this Code will be subject to disciplinary action. If you are concerned about taking an action that may violate the Code or are aware of a violation by another employee, an officer or a director, follow the guidelines set forth in Sections 10 and 11 of this Code.
 
This Code applies equally to all employees, officers and directors of the Company. All references to employees contained in this Code should be understood as referring to officers and directors as well.
 
1.            Compliance with Laws, Rules and Regulations .
 
Company policy requires that the Company, as well as all employees, officers and directors of the Company, comply fully with both the spirit and the letter of all laws, rules and regulations. Whenever an applicable law, rule or regulation is unclear or seems to conflict with either another law or any provision of this Code, all employees, officers and directors are urged to seek clarification from their supervisor, the appropriate compliance official or the Chief Executive Officer. Beyond mere compliance with the law, we should always conduct our business with the highest standards of honesty and integrity – wherever we operate.
 
 
1

 
 
2.            Conflicts of Interest .
 
Every employee has a primary business responsibility to the Company and must avoid conflicts of interest. A conflict of interest arises when an employee takes actions or enters into relationships that oppose the interests of the Company, harm the Company’s reputation or interfere with the employee’s performance or independent judgment when carrying out any actions on behalf of the Company. The Company strictly prohibits its employees from taking any action or entering into any relationship, personal or professional that creates, or even appears to create, a conflict of interest.
 
A conflict situation can arise when a director, officer or employee takes actions or has interests that may make it difficult to perform his or her work for the Company objectively and effectively. Conflicts of interests may also arise when a director, officer or employee, or a member of his or her family, receives an improper personal benefit as a result of his or her position with the Company. It may be a conflict of interest for a director, officer or employee to work simultaneously for a competitor, customer or supplier. The best policy is to avoid any direct or indirect business connection with our customers, suppliers or competitors, except on our behalf. Employees must be sensitive to potential conflicts of interest that may arise and use their best efforts to avoid the conflict.
 
In particular, except as provided below, no director, officer or employee shall:
 
Ø  
be a consultant to, or a director, officer or employee of, or otherwise operate an outside business that:
 
§  
markets products or services in competition with our current or potential products and services;
 
§  
supplies products or services to the Company; or
 
§  
purchases products or services from the Company;
 
Ø  
accept any personal loan or guarantee of obligations from the Company, except to the extent such arrangements have been approved by the Chief Executive Officer and are legally permissible; or
 
Ø  
conduct business on behalf of the Company with immediate family members, which include your spouse, children, parents, siblings and persons sharing your same home whether or not legal relatives.
 
Directors, officers and employees must notify the Chief Executive Officer of the existence of any actual or potential conflict of interest. With respect to officers or directors, the Board may make a determination that a particular transaction or relationship will not result in a conflict of interest covered by this policy. With respect to all other employees or agents, the Chief Executive Officer, acting alone, or the Board may make such a determination. Any waivers of this policy as to an officer or director may only be approved by the Board of Directors.
 
 
2

 
 
Any employee, officer or director who is aware of a transaction or relationship that could reasonably be expected to give rise to a conflict of interest in violation of this section must inform the appropriate personnel in accordance with the procedures set forth in Section 12 of this Code. If an employee has any questions regarding the Company’s policy on conflicts of interest or needs assistance in avoiding a potential conflict of interest, he or she is urged to seek the advice of a supervisor or the Chief Executive Officer.
 
3.            Corporate Opportunities .
 
Employees, officers and directors are prohibited from taking for themselves personally opportunities that are discovered through the use of Company property, Company information or their position in the Company. Furthermore, employees may not use Company property, information or influence or their position in the Company for improper personal gain. Finally, employees have a duty to advance the Company’s legitimate interests when the opportunity to do so arises. Consequently, employees are not permitted to compete with the Company.
 
4.            Confidentiality .
 
Employees must maintain the confidentiality of confidential information entrusted to them by the Company or its customers or suppliers, except when disclosure is authorized by the Company or required by applicable laws or regulations. Confidential information includes proprietary information of the Company, as well as all non-public information that might be of use to competitors, or harmful to the Company or its customers, if disclosed. This confidentiality requirements is in additional to any other obligations imposed by the Company to keep information confidential.
 
5.            Insider Trading .
 
Employees, officers and directors will frequently become aware of confidential non-public information concerning the Company and the parties with which the Company does business. As set forth in more detail in the Company’s Insider Trading Policy, the Company prohibits employees from using such confidential information for personal financial gain, such as for purposes of stock trading, or for any other purpose other than the conduct of our business. Employees must maintain the confidentiality of such information and may not make disclosures to third parties, including members of the employee’s family. All non-public information about the Company should be treated as confidential information. To use non-public information for personal financial benefit or to “tip” others who may make stock trades on the basis of this information is not only unethical but also illegal. This policy also applies to trading in the securities of any other company, including our customers or suppliers, if employees have material, non-public information about that company which the employee obtained in the course of their employment by the Company. In addition to possible legal sanctions, any employee, officer or director found to be in violation of the Company’s insider trading policy will face decisive disciplinary action. Employees are encouraged to contact the Company’s Chief Executive Officer with any questions concerning this policy.
 
 
3

 
 
6.            Protection and Proper Use of Company Assets .
 
All Company assets should be used for legitimate business purposes and all employees, officers and directors must make all reasonable efforts to protect the Company’s assets and ensure their efficient use. Theft, carelessness, and waste have a direct impact on the Company’s profitability and must therefore be avoided. The suspected occurrence of fraud or theft should be immediately reported to the appropriate person in accordance with the procedures set forth in Section 11 of this Code.
 
An employee’s obligation to protect the Company’s assets extends to the Company’s proprietary information. Proprietary information includes intellectual property such as patents, trademarks, copyrights and trade secrets. An employee who uses or distributes such proprietary information without the Company’s authorization will be subject to disciplinary measures as well as potential legal sanctions.
 
7.            Fair Dealing .
 
Although the success of our Company depends on our ability to outperform our competitors, the Company is committed to achieving success by fair and ethical means. We seek to maintain a reputation for fair dealing among our competitors and the public alike. In light of this aim, the Company prohibits employees from engaging in any unethical or illegal business practices. An exhaustive list of unethical practices cannot be provided. Instead, the Company relies on the judgment of each individual employee to avoid such practices. Furthermore, each employee should endeavor to deal fairly with the Company’s customers, suppliers, competitors and employees. No employee should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other unfair business practice.
 
8.            Disclosures .
 
It is Company policy to make full, fair, accurate, timely and understandable disclosure in compliance with all applicable laws, rules and regulations in all reports and documents that the Company files with, or submits to, the Securities and Exchange Commission and in all other public communications made by the Company. Employees shall endeavor in good faith to assist the Company in such efforts.
 
9.            Waivers .
 
The Company expects all employees, officers and directors to comply with the provisions of this Code. Any waiver of this Code for executive officers, directors or employees may be made only by the Board of Directors or a Board committee and will be promptly disclosed to the public as required by law and stock exchange regulations.
 
 
4

 
 
10.            Compliance Guidelines and Resources .
 
In some situations, our employees may not be certain how to proceed in compliance with this Code. This uncertainty may concern the ethical nature of the employee’s own acts or the employee’s duty to report the unethical acts of another. When faced with this uncertainty, the employee should carefully analyze the situation and make use of Company resources when determining the proper course of action. The Company also encourages employees to talk to their supervisors, or other personnel identified below, when in doubt about the best course of action.
 
1.            Gather all the facts . Do not take any action that may violate the Code until you have gathered all the facts that are required to make a well-informed decision and, if necessary, you have consulted with your supervisor, or the Chief Executive Officer.
 
2.            Is the action illegal or contrary to policy? If the action is illegal or contrary to the provision of this Code, you should not carry out the act. If you believe that the Code has been violated by an employee, an officer or a director, you must promptly report the violation in accordance with the procedures set forth in Section 12.
 
3.            Discuss the problem with your supervisor . It is your supervisor’s duty to assist employees in complying with this Code. Feel free to discuss a situation that raises ethical issues with your supervisor if you have any questions. You will suffer no retaliation for seeking such guidance.
 
4.            Additional resources . The Chief Executive Officer is available to speak with you about problematic situations if you do not feel comfortable approaching your direct supervisor. If you prefer, you may request assistance in writing by sending a request to the Chief Executive Officer.
 
11.            Reporting Procedures .
 
All employees have a duty to report any violations of this Code, as well as violations of any laws, rules, or regulations. The Company does not permit retaliation of any kind against employees for good faith reports of ethical violations.
 
If you believe that the Code has been violated by an employee you must promptly report the violation to your direct supervisor or the Chief Executive Officer. If a report is made to a supervisor, the supervisor must in turn report the violation to the Chief Executive Officer. All violations by an officer or director of the Company must be reported directly to the entire Board of Directors.
 
 
5

 
 
13.            Disciplinary Action .
 
Employees, officers and directors of the Company will be held accountable for adherence to this Code. The penalty for a particular violation of this Code will be decided on a case-by-case basis and will depend on the nature and severity of the violation as well as the employee’s history of non-compliance and cooperation in the disciplinary process. Significant penalties will be imposed for violations resulting from intentional or reckless behavior. Penalties may also be imposed when an employee fails to report a violation due to the employee’s indifference, deliberate ignorance or reckless conduct. All violations of this Code will be treated seriously and will result in the prompt imposition of penalties which may include (1) an oral or written warning, (2) a reprimand, (3) suspension, (4) termination and/or (5) restitution.
 
14.            No Rights Created .
 
This Code is a statement of certain fundamental principles, policies and procedures that govern the Company’s officers, directors and employees in the conduct of the Company’s business. It is not intended to and does not create any rights in any employee, supplier, competitor, shareholder or any other person or entity.
 
15.           Financial Code of Ethics

As a public company, it is of critical importance that Have Gun Will Travel Entertainment filings with the Securities and Exchange Commission be accurate and timely. Depending on their position with Have Gun Will Travel Entertainment, employees may be called upon to provide information to assure that Have Gun Will Travel Entertainment's public reports are complete, fair, and understandable. Have Gun Will Travel Entertainment expects all of its employees to take this responsibility seriously and to provide prompt and accurate answers to inquiries related to Have Gun Will Travel Entertainment 's public disclosure requirements.
 
Have Gun Will Travel Entertainment 's Finance Department, when established, will bear a special responsibility for promoting integrity throughout Have Gun Will Travel Entertainment, with responsibilities to stakeholders both inside and outside of Have Gun Will Travel Entertainment. The Chief Executive Officer, Chief Financial Officer, and Finance Department personnel have a special role both to adhere to the principles of integrity and also to ensure that a culture exists throughout Have Gun Will Travel Entertainment as a whole that ensures the fair and timely reporting of Have Gun Will Travel Entertainment's financial results and conditions. Because of this special role, the CEO, CFO, and all members of Have Gun Will Travel Entertainment’s Finance Department are bound by Have Gun Will Travel Entertainment’s Financial Code of Ethics, and by accepting the Financial Code of Ethics, each agrees that they will:
 
- Act with honesty and integrity, avoiding actual or apparent conflicts of interest in personal and professional relationships.
 
- Provide information that is accurate, complete, objective, relevant, timely and understandable to ensure full, fair, accurate, timely, and understandable disclosure in the reports and documents that Have Gun Will Travel Entertainment files with, or submits to, government agencies and in other public communications.
 
 
6

 
 
- Comply with the rules and regulations of federal, state and local governments, and other appropriate private and public regulatory agencies.
 
- Act in good faith, responsibly, with due care, competence and diligence, without misrepresenting material facts or allowing one's independent judgment to be subordinated.
 
- Respect the confidentiality of information acquired in the course of one's work, except when authorized or otherwise legally obligated to disclose. Confidential information acquired in the course of one's work will not be used for personal advantage.
 
- Share job knowledge and maintain skills important and relevant to stakeholders needs.
 
- Proactively promote and be an example of ethical behavior as a responsible partner among peers, in the work environment and in the community.
 
- Achieve responsible use of, and control over, all Have Gun Will Travel Entertainment assets and resources employed by, or entrusted to yourself, and your department.
 
- Receive the full and active support and cooperation of Have Gun Will Travel Entertainment's Officers, Sr. Staff, and all employees in the adherence to this Financial Code of Ethics.
 
- Promptly report to the CEO or CFO any conduct believed to be in violation of law or business ethics or in violation of any provision of this Code of Ethics, including any transaction or relationship that reasonably could be expected to give rise to such a conflict. Further, to promptly report to the Chair of Have Gun Will Travel Entertainment's Audit Committee such conduct if by the CEO or CFO or if they fail to correct such conduct by others in a reasonable period of time.
 
 
7

 
 
To:
All Employees, Officers and Directors
From:
President and Chief Executive Officer
Re:
Statement of Company Policy
Securities Trades By Company Personnel

HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.
 
STATEMENT OF COMPANY POLICY
 
ON
 
INSIDER TRADING
 
 
Introduction
 
It is illegal for any person, either personally or on behalf of others, to trade in securities on the basis of material, nonpublic information. It is also illegal to communicate (or "tip") material, nonpublic information to others who may trade in securities on the basis of that information. These illegal activities are commonly referred to as "insider trading."
 
Potential penalties for insider trading violations include imprisonment for up to 10 years (25 years if it constitutes fraud), civil fines of up to three times the profit gained or loss avoided through the trade, and criminal fines of up to $1 million. In addition, a company whose employee violates the insider trading prohibitions may be liable for a civil fine of up to the greater of $1 million or three times the profit gained or loss avoided as a result of the employee’s insider trading violations.
 
This memorandum sets forth Have Gun Will Travel Entertainment, Inc.’s (“Have Gun Will Travel Entertainment”) policy against insider trading. The objective of this policy is to protect both you and Have Gun Will Travel Entertainment from securities law violations. All directors, officers and employees of Have Gun Will Travel Entertainment or its affiliates or subsidiaries must comply with this policy .
 
Employees are encouraged to ask questions and seek any follow-up information that they may require with respect to the matters set forth in this policy. Please direct all questions to the Company or its CEO.
 
 
8

 
 
General Statement
 
Have Gun Will Travel Entertainment’s policy, applicable to all directors, officers and employees, prohibits trading, and tipping others who may trade, when you are in possession of material , nonpublic information.
 
What information is material ? All information that an investor might consider important in deciding whether to buy, sell, or hold securities is considered material. Information that is likely to affect the price of a company’s securities is almost always material. Examples of some types of material information are:
 
· financial results or expectations for the quarter or the year
· financial forecasts
· changes in dividends
· possible mergers, acquisitions, joint ventures and other purchases and sales of companies and investments in companies
· changes in customer relationships with significant customers
· obtaining or losing important contracts
· important product developments
· major financing developments
· major personnel changes
· major litigation developments
 
What is nonpublic information? Information is considered to be nonpublic unless it has been effectively disclosed to the public. Examples of public disclosure include public filings with the Securities and Exchange Commission and company press releases. Not only must the information have been publicly disclosed, but there must also have been adequate time for the market as a whole to digest the information. Although timing may vary depending upon the circumstances, a good rule of thumb is that information is considered nonpublic until the second business day after public disclosure.
 
 
9

 
 
What transactions are prohibited ? When you know material, nonpublic information about Have Gun Will Travel Entertainment, you, your spouse and members of your immediate family living in your household are prohibited from the following activities:
 
· trading in our company’s securities (including trading in puts and calls for our securities)
· having others trade for you in our securities
· disclosing the information to anyone else who might then trade
· exercising stock options if the option shares are to be immediately sold
 
Neither you nor anyone acting on your behalf nor anyone who learns the information from you (including your spouse and family members) can trade. This prohibition continues whenever and for as long as you know material, nonpublic information.
 
Although it is most likely that any material, nonpublic information you might learn would be about Have Gun Will Travel Entertainment or its subsidiaries, these prohibitions also apply to trading in the securities of any company (such as a potential merger partner) about which you learn material, nonpublic information through your employment with Have Gun Will Travel Entertainment.
 
Unauthorized Disclosure
 
As discussed above, the disclosure of material, nonpublic information to others can lead to significant legal difficulties. Therefore, you should not discuss material, nonpublic information about Have Gun Will Travel Entertainment or its affiliates or subsidiaries with anyone, including other employees, family or friends, except as required in the performance of your regular duties.

No employee of Have Gun Will Travel Entertainment is permitted to discuss confidential financial or business information regarding Have Gun Will Travel Entertainment, either in his or her own name or anonymously, and whether from the office or outside the office, on any Internet "chat" site or message board.

Questions about this Policy
 
Compliance by all employees with this policy is of the utmost importance both for you and for Have Gun Will Travel Entertainment. If you have any questions about the application of this policy to any particular case, please contact the CEO or CFO immediately.

Your failure to observe this policy could lead to significant legal problems for you and the company, as well as other serious consequences, including termination of your employment.
 
 
10

 

Certifications
 
All employees must certify their understanding of and intent to comply with this Policy Statement. A copy of the certification that all employees (other than executive officers) must sign is enclosed with this memorandum. Directors and executive officers are subject to additional restrictions on their transactions in Company securities, which are described in a separate memorandum. Directors and executive officers should sign the certification attached to that memorandum instead of the one enclosed with this memorandum.
 
CERTIFICATIONS
 
I certify that:
 
1.           I have read and understand the Company’s Code of Business Conduct and Ethics and Statement of Policy regarding Securities Trades by Company Personnel. I understand that the President is available to answer to any questions I have regarding the Statement of Policy.
 
2.           Since __________________, 20___ or such shorter period of time that I have been an employee of the Company, I have complied with the Code of Business Conduct and Ethics and Statement of Policy.
 
3.           I will continue to comply with the Code of Business Conduct and Ethics and Statement of Policy for as long as I am subject to the policy.

 
Signature: _________________________________________
 
Date: _____________________________________________
 
Print name: ________________________________________
 
 
 
11

 
EXHIBIT 23.1


CPA S ERVICES C ORP .

enrique@cpaservicescorp.com
www.cpaservicescorp.com
(754)400-1040
18501 Pines Blvd - #207
Pembroke Pines, FL 33029



CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
To the Board of Directors
Have Gun Will Travel Entertainment, Inc.

As independent registered public accountants, we hereby consent to the use of our report dated February 3, 2014, with respect to the financial statements of Have Gun Will Travel Entertainment, Inc., in its registration statement on Form S-1 relating to the registration of 5,000,000 shares of common stock. We also consent to the reference of our firm under the caption “Experts” in the registration statement.
 
Pembroke Pines, FL
February 4, 2014
 
Enrique Nowogrodzki, CPA,
CPA Services Com Corp.
EXHIBIT 99.1

Subscription Agreement
 
HAVE GUN WILL TRAVEL ENTERTAINMENT, INC.

1.         Investment:

The undersigned (“Buyer”) subscribes for Shares of Common Stock of Have Gun Will Travel Entertainment, Inc. (the “Company”) at $0.02 per share.

Number of Shares Purchased ______________

Total subscription price ($0.02 x Shares purchased): = $_______________.

PLEASE MAKE CHECK PAYABLE TO :    Have Gun Will Travel Entertainment, Inc.

2.         Investor information:

Name (type or print)  _____________________________________________________
 
Mailing Address      
  Street City/State Zip
 
SSN/EIN/Taxpayer I.D. _________________     E-Mail address  __________________
 
Joint Name (type or print) _________________________________________________

SSN/EIN/Taxpayer I.D. _________________     E-Mail address  __________________
 
Mailing Address  (if different from above):      
  Street City/State Zip
   
Business Phone: _________________                                                                 
Home Phone: _________________
 
 
1

 

3.         Type of ownership: (You must check one box)

       
o
Individual
 
o
Custodian for
 
o
Tenants in Common
 
o
Uniform Gifts to Minors Act of the State of: __________________
 
o
Joint Tenants with rights of Survivorship
 
o
Corporation (Inc., LLC, LP) – Please list all officers, directors, partners, managers, etc.
 
o
Partnership (Limited Partnerships
use “Corporation”)
 
o
Other (please explain)
o
Trust
 
   
o
Community Property
   
 
4.         Further Representations, Warrants and Covenants.

Buyer hereby represents warrants, covenants and agrees as follows:

 
(a)
Buyer is at least eighteen (18) years of age with an address as set forth in this Subscription Agreement.
     
 
(b)
Except as set forth in the Prospectus and the exhibits thereto, no representations or warranties, oral or otherwise, have been made to Buyer by the Company or any other person, whether or not associated with the Company or this offering. In entering into this transaction, Buyer is not relying upon any information, other than that contained in the Prospectus and the exhibits thereto and the results of any independent investigation conducted by Buyer at Buyer’s sole discretion and judgment.
     
 
(c)
Buyer understands that his or her investment in the Shares is speculative and involves a high degree of risk, and is not recommended for any person who cannot afford a total loss of the investment. Buyer is able to bear the economic risks of an investment in the offering and at the present time can afford a complete loss of such investment.
     
 
(d)
Buyer is under no legal disability nor is Buyer subject to any order which would prevent or interfere with Buyer’s execution, delivery and performance of this Subscription Agreement or his or her purchase of the Shares. The Shares are being purchased solely for Buyer’s own account and not for the account of others and for investment purposes only, and are not being purchased with a view to or for the transfer, assignment, resale or distribution thereof, in whole or part. Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement with respect to the transfer, assignment, resale or distribution of any of the Shares.
     
 
 
2

 
 
 
(e)
Buyer has (i) adequate means of providing for his or her current financial needs and possible personal contingencies, and no present need for liquidity of the investment in the Shares, and (ii) a liquid net worth (that is, net worth exclusive of a primary residence, the furniture and furnishings thereof, and automobiles) which is sufficient to enable Buyer to hold the Shares indefinitely.
     
 
(f)
If the Buyer is acting without a Purchaser Representative, Buyer has such knowledge and experience in financial and business matters that Buyer is fully capable of evaluating the risks and merits of an investment in the offering.
     
 
(g)
Buyer has been furnished with the Prospectus.
     
 
(h)
Buyer understands that Buyer shall be required to bear all personal expenses incurred in connection with his or her purchase of the Shares, including without limitation, any fees which may be payable to any accountants, attorneys or any other persons consulted by Buyer in connection with his or her investment in the offering.

5.         Indemnification

Buyer acknowledges an understanding of the meaning of the legal consequences of Buyer’s representations and warranties contained in this Subscription Agreement and the effect of his or her signature and execution of this Agreement, and Buyer hereby agrees to indemnify and hold the Company and each of its officers and/or directors, representatives, agents or employees, harmless from and against any and all losses, damages, expenses or liabilities due to, or arising out of, a breach of any representation, warranty or agreement of or by Buyer contained in this Subscription Agreement.

6.         Acceptance of Subscription.

It is understood that this subscription is not binding upon the Company until accepted by the Company, and that the Company has the right to accept or reject this subscription, in whole or in part, in its sole and complete discretion. If this subscription is rejected in whole, the Company shall return to Buyer, without interest, the Payment tendered by Buyer, in which case the Company and Buyer shall have no further obligation to each other hereunder. In the event of a partial rejection of this subscription, Buyer’s Payment will be returned to Buyer, without interest, whereupon Buyer agrees to deliver a new payment in the amount of the purchase price for the number of Shares to be purchased hereunder following a partial rejection of this subscription.
 
7.         Governing Law.

This Subscription Agreement shall be governed and construed in all respects in accordance with the laws of the State of Nevada without giving effect to any conflict of laws or choice of law rules.
 
 
3

 
 
IN WITNESS WHEREOF, this Subscription Agreement has been executed and delivered by the Buyer and by the Company on the respective dates set forth below.
 
__________________________________
Signature of Buyer

__________________________________
Printed Name

__________________________________
Date

Deliver completed subscription agreements and checks as follows :

Check Payable to Have Gun Will Travel Entertainment, Inc.

Mail to: 
Have Gun Will Travel Entertainment, Inc.
5850 Canoga Avenue, 4 th Floor
Woodland Hills, CA 91367-6554
 
To be filled out by the Company
 
Investor Subscription accepted as of this ________ day of _________________, 2014.

Have Gun Will Travel Entertainment, Inc.

By: ___________________________
       Tommie Ray
        President
 
 
4