-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PJE5SL+KWnBbdpAiLAKBHQMARXqnaCIAPNEIIfi5byf9hsTR/zb1m7cAGuFqSrNW s9MNwhGgMgybQUrBIEcS8Q== 0001014897-09-000056.txt : 20090512 0001014897-09-000056.hdr.sgml : 20090512 20090512124358 ACCESSION NUMBER: 0001014897-09-000056 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090512 DATE AS OF CHANGE: 20090512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Creative Beauty Supply of New Jersey CORP CENTRAL INDEX KEY: 0001290658 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-DRUGS PROPRIETARIES & DRUGGISTS' SUNDRIES [5122] IRS NUMBER: 000000000 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-50773 FILM NUMBER: 09817906 BUSINESS ADDRESS: STREET 1: 380 TOTOWA ROAD CITY: TOTOWA STATE: NJ ZIP: 07512 BUSINESS PHONE: 973-904-0004 MAIL ADDRESS: STREET 1: 380 TOTOWA ROAD CITY: TOTOWA STATE: NJ ZIP: 07512 10-Q 1 creativenj10q1q09.txt FORM 10-Q FOR QUARTER ENDED MARCH 31, 2009 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q [x] Quarterly Report Pursuant to Section 13 or 15(d) Securities Exchange Act of 1934 for Quarterly Period Ended March 31, 2009 - -OR- [ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities And Exchange Act of 1934 for the transaction period from _________ to________ Commission File Number 0-50773 Creative Beauty Supply of New Jersey Corporation (Exact name of Registrant in its charter) New Jersey 56-2415252 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification number) 380 Totowa Road Totowa, NJ 07512 (Address of principal executive offices) (Zip Code) Registrant's Telephone number, including area code: (973) 904-0004 Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [ X ] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerate filer, or a small reporting company as defined by Rule 12b-2 of the Exchange Act): Large accelerated filer [ ] Non-accelerated filer [ ] Accelerated filer [ ] Smaller reporting company [x] Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [x] No [ ] The number of outstanding shares of the registrant's common stock, April 30, 2009: Common Stock - 10,532,150 2 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION FORM 10-Q For the quarterly period ended March 31, 2009 INDEX Page ---- PART I - FINANCIAL INFORMATION Item 1. Financial Statements Balance Sheets at March 31, 2009 (Unaudited) and December 31, 2008 (Audited) 3 Statements of Operations for the three months ended March 31, 2009 and 2008 (Unaudited) 4 Statements of Cash Flows for the three months ended March 31, 2009 and 2008 (Unaudited) 5 Notes to Financial Statements 6 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 9 Item 3. Quantitative and Qualitative Disclosure About Market Risk 10 Item 4T. Controls and Procedures 10 PART II - OTHER INFORMATION Item 1. Legal Proceedings 12 Item 1A. Risk Factors 12 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 12 Item 3. Defaults upon Senior Securities 12 Item 4. Submission of Matters to a Vote of Security Holders 12 Item 5. Other Information 12 Item 6. Exhibits 12 SIGNATURES 12 3 PART I FINANCIAL INFORMATION Item I - FINANCIAL STATEMENTS CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION BALANCE SHEETS March 31, December 31, 2009 2008 ------------- ------------ (UNAUDITED) (AUDITED) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 198,186 $ 200,175 ------------ ------------ TOTAL CURRENT ASSETS 198,186 200,175 ------------ ------------ TOTAL ASSETS $ 198,186 $ 200,175 ============ ============ LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable $ - $ 1,299 Accrued expenses 19,110 11,900 Liabilities of discontinued operations - 3,200 ------------ ------------ TOTAL CURRENT LIABILITIES 19,110 16,399 ------------ ------------ TOTAL LIABILITIES 19,110 16,399 ------------ ------------ COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY: Preferred stock, par value $.001, authorized 10,000,000 shares, issued and outstanding -0- shares - - Common stock, par value $.001, authorized 100,000,000 shares, issued and outstanding 10,532,150 shares 10,532 10,532 Additional paid-in-capital 776,109 776,109 Accumulated deficit (607,565) (602,865) ------------ ------------ TOTAL STOCKHOLDERS' EQUITY 179,076 183,776 ------------ ------------ TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 198,186 $ 200,175 ============ ============ The accompanying notes are an integral part of these financial statements 4 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION STATEMENTS OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008 (UNAUDITED) 2009 2008 ---------- ---------- Revenue $ - $ - ---------- ---------- Operating Expenses Professional fees 5,900 6,902 ---------- ---------- Total Operating Expenses 5,900 6,902 ---------- ---------- Loss From Operations (5,900) (6,902) ---------- ---------- Other Income: Interest income 1,200 1,899 Miscellaneous income - 1,032 ---------- ---------- Total Other Income 1,200 2,931 ---------- ---------- Loss from Continued Operations (4,700) (3,971) Discontinuing Operations: Loss from discontinued operations - (10,953) ---------- ----------- Net Loss $ (4,700) $ (14,924) ========== =========== Earning (loss) per share: Continued Operations basic and diluted net loss common share per common share $ 0.00 $ 0.00 ======== ======== Discontinued Operations basic and diluted net loss common share per common share $ 0.00 $ 0.00 ======== ======== Basic and diluted weighted average common shares 10,532,150 10,532,150 outstanding ========== ========== The accompanying notes are an integral part of these financial statements 5 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION STATEMENTS OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2009 AND 2008 (UNAUDITED) 2009 2008 ---- ---- Net loss $ (4,700) $ (14,924) Adjustments to reconcile net loss to net cash provided by operating activities: Decrease in accounts payable (1,299) - Increase in accrued expenses 7,210 4,590 ----------- ----------- Cash provided by continuing operations 5,911 4,590 Cash used in discontinued operations (3,200) (1,775) ----------- ----------- Net cash used in operating activities (1,989) (12,109) ----------- ----------- NET DECREASE IN CASH AND CASH EQUIVALENTS (1,989) (12,109) CASH AND CASH EQUIVALENTS - beginning of period 200,175 245,199 ----------- ----------- CASH AND CASH EQUIVALENTS - end of period $ 198,186 $ 233,090 =========== =========== The accompanying notes are an integral part of these financial statements 6 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION NOTES TO FINANCIAL STATEMENTS MARCH 31, 2009 AND 2008 (UNAUDITED) 1. THE COMPANY Creative Beauty Supply of New Jersey Corporation (the "Company") was incorporated in the State of New Jersey on October 1, 2003. It was formed pursuant to a resolution of the board of directors of Creative Beauty Supply, Inc., ("CBS") as a wholly-owned subsidiary of that company, a publicly traded New Jersey corporation. On January 1, 2004, the assets and liabilities of CBS were contributed at book value to the Company, and this subsidiary was then spun-off by CBS to its stockholders. This spin-off was consummated in contemplation of a merger, which occurred on March 19, 2004 between CBS and Global Digital Solutions, Inc. ("Global"), a Delaware corporation, whereby the former stockholders of CBS became the owners of 100 percent of the common stock of the Company. On January 1, 2004, the Company commenced operations in the beauty supply industry at both the wholesale and retail levels. The Company sold cosmetic and beauty supplies to the general public and beauty salons in Northern and Central New Jersey. On November 30, 2007, the Company's Board of Directors approved a plan to dispose of its wholesale and retail beauty supply business. The plan was completed on January 1, 2009. See Note 3. The Company's current business plan is to attempt to identify and negotiate with a business target for the merger of that entity with and into the Company. In certain instances, a target company may wish to become a subsidiary of the Company or wish to contribute assets to the Company rather than merge. No assurance can be given that the Company will be successful in identifying or negotiating with any target company. The Company provides a means for a foreign or domestic private company to become a reporting (public) company whose securities would be qualified for trading in the United States secondary market. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statement Presentation The December 31, 2008 balance sheet data was derived from audited financial statements but does not include all disclosures required by United States generally accepted accounting principles. In the opinion of management, the accompanying unaudited interim financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of the Company as of March 31, 2009, its results of operations for the three months ended March 31, 2009 and 2008 and its cash flows for the three months ended March 31, 2009 and 2008. The statements of operations for the three months ended March 31, 2009 and 2008 are not necessarily indicative of the results for the full year. 7 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION NOTES TO FINANCIAL STATEMENTS MARCH 31, 2009 AND 2008 (UNAUDITED) While the Company believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2008. Earnings (Loss) Per Share The Company computes earnings or loss per share in accordance with Statement of Financial Accounting Standards No. 128 ("SFAS 128"), "Earnings Per Share". Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share reflects the potential dilution that could occur if securities or other agreements to issue common stock were exercised or converted into common stock. Diluted earnings per share is computed based upon the weighted average of number of common shares and dilutive common equivalent shares outstanding, which includes convertible debentures, stock options and warrants. There were no dilutive common stock equivalents for all periods presented. 3. DISCONTINUED OPERATIONS On November 30, 2007, the Company's Board of Directors approved a plan to dispose of its wholesale and retail beauty supply business. The Board recognized that this operation has never realized a profit and that sales volumes have been declining each year. The Company contacted its suppliers and returned as much of the inventory as possible and sold the remaining balance to its customers. The Company's objective was to cease all operations by December 31, 2007 and vacate the facility it leased by January 31, 2008. The Company completed its plan on January 1, 2009. Assets and liabilities of discontinued operations as of March 31, 2009 and December 31, 2008 are summarized as follows: 3/31/2009 12/31/2008 (Unaudited) (Audited) ---- ---- Total Assets of Discontinued Operations $ - $ - ------- ------- Current Liabilities: Accrued expenses - 3,200 ------- ------- Total Liabilities of Discontinued Operations - 3,200 ------- ------- Net Liabilities of Discontinued Operations $ - $ 3,200 ======= ======= 8 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION NOTES TO FINANCIAL STATEMENTS MARCH 31, 2009 AND 2008 (UNAUDITED) Results of discontinued operations for the three months ended March 31, 2009 and 2008 are summarized as follows: 2009 2008 ------- -------- Gross Profit $ - $ - ------- -------- Operating Expenses: Employee benefits $ - $ 4,700 Professional fees - 2,830 Rent - 1,350 Other general and administrative - 2,073 -------- -------- Total Operating Expenses - 10,953 -------- -------- Loss from Discontinued Operations, net of income taxes of $-0- $ - $(10,953) ======== ======== Cash flows from discontinued operations for the three months ended March 31, 2009 and 2008 are summarized by major classification as follows: 2009 2008 ---- ---- Cash flows used in operating activities $(3,200) $(1,775) Cash flows from investing activities - - Cash flows from financing activities - - ------- ------- Net cash used in discontinued operations $(3,200) $(1,775) ======= ======= 9 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This Form 10-Q contains forward-looking statements within the meaning of the federal securities laws. These statements include those concerning the following: Our intentions, beliefs and expectations regarding the fair value of all assets and liabilities recorded; our strategies; growth opportunities; product development and introduction relating to new and existing products; the enterprise market and related opportunities; competition and competitive advantages and disadvantages; industry standards and compatibility of our products; relationships with our employees; our facilities, operating lease and our ability to secure additional space; cash dividends; excess inventory, our expenses; interest and other income; our beliefs and expectations about our future success and results; our operating results; our belief that our cash and cash equivalents will be sufficient to satisfy our anticipated cash requirements; our expectations regarding our revenues and customers; investments and interest rates. These statements are subject to risk and uncertainties that could cause actual results and events to differ materially. Creative NJ undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this Form 10-Q. Critical Accounting Policies The financial statements and accompanying footnotes included in this report have been prepared in accordance with accounting principles generally accepted in the United States with certain amounts based on management's best estimates and judgments. To determine appropriate carrying values of assets and liabilities that are not readily available from other sources, management uses assumptions based on historical results and other factors that they believe are reasonable. Actual results could differ from those estimates. Our critical accounting policies are described in our Annual Report on Form 10-K for the year ended December 31, 2008. There have been no material changes to our critical accounting policies as of and for the three months ended March 31, 2009. Trends and Uncertainties There are no material commitments for capital expenditure at this time. There are no trends, events or uncertainties that have had or are reasonably expected to have a material impact on our limited operations. There are no known causes for any material changes from period to period in one or more line items of Creative NJ's financial statements. Liquidity and Capital Resources At March 31, 2009, Creative Beauty Supply of New Jersey Corporation ("Creative NJ" or the "Company") had a cash balance of $198,186, which represents a $1,989 decrease from the $200,175 balance at December 31, 2008. This decrease was primarily the result of cash used to satisfy the requirements of a reporting company. Creative NJ's working capital balance at March 31, 2009 was $179,076 as compared to a December 31, 2008 balance of $183,776. 10 The focus of Creative NJ's efforts is to acquire or develop an operating business. Despite no active operations at this time, management intends to continue in business and has no intention to liquidate Creative NJ. Creative NJ has considered various business alternatives including the possible acquisition of an existing business, but to date has found possible opportunities unsuitable or excessively priced. Creative NJ does not contemplate limiting the scope of its search to any particular industry. Management has considered the risk of possible opportunities as well as their potential rewards. Management has invested time evaluating several proposals for possible acquisition or combination; however, none of these opportunities were pursued. Creative NJ presently owns no real property and at this time has no intention of acquiring any such property. Creative NJ's sole expected expenses are comprised of professional fees primarily incident to its reporting requirements. Results of Operations for the Three Months Ended March 31, 2009 compared to the Three Months Ended March 31, 2008. On November 30, 2007, Creative NJ's Board of Directors approved a plan to dispose of its wholesale and retail beauty supply business. The Board recognized that this operation has never realized a profit and that sales volumes have been declining each year. Creative NJ contacted its suppliers and returned as much of the inventory as possible and sold the remaining balance to its customers. Creative NJ's objective was to ceased all operations by December 31, 2007 and vacate the facility it leased by January 31, 2008. Creative NJ completed its plan on January 1, 2009. Creative NJ incurred a net loss of $4,700 in the current period versus a net loss of $14,924 in the prior period. Operating expenses were incurred primarily to enable Creative NJ to satisfy the requirements of a reporting company. For the three months ended March 31, 2009 and 2008, professional fees necessary to remain a reporting company were $5,900 and $6,902, respectively. For the three months ended March 31, 2009 and 2008, Creative NJ incurred losses from discontinued operations of $0 and $10,953, respectively. During the current and prior period, Creative NJ did not record an income tax benefit due to the uncertainty associated with Creative NJ's ability to merge with an operating company, which might permit Creative NJ to avail itself of those advantages. Item 3. Quantitative and Qualitative Disclosures About Market Risk We do not consider the effects of interest rate movements to be a material risk to our financial condition. We do not hold any derivative instruments and do not engage in any hedging activities. Item 4T. Controls and Procedures During the three months ended March 31, 2009, there were no changes in our internal controls over financial reporting (as defined in Rule 13a- 15(f) and 15d-15(f) under the Exchange Act) that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Evaluation of Disclosure Controls and Procedures Under the supervision and with the participation of our management, including our chief executive officer and chief financial officer, we conducted an evaluation of our disclosure controls and procedures, as 11 such term is defined under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended, as of September 30, 2008. Based on this evaluation, our chief executive officer and chief principal financial officers have concluded such controls and procedures to be effective as of March 31, 2009 to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms and to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. 11 PART II - OTHER INFORMATION Item 1. Legal Proceedings. None. Item 1A. Risk Factors. Not applicable for small reporting company. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. None. Item 3. Defaults Upon Senior Securities. None. Item 4. Submission of Matters to a Vote of Security Holders. None. Item 5. Other Information. None. Item 6. Exhibits Exhibit 31 - Certifications pursuant to Section 302 of the Sarbanes- Oxley Act of 2002 Exhibit 32 - Certifications pursuant to Section 906 of the Sarbanes- Oxley Act of 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: May 12, 2009 CREATIVE BEAUTY SUPPLY OF NEW JERSEY CORPORATION By: /s/ Carmine Catizone - --------------------------- Carmine Catizone, President and Director 12 EX-31 2 creativenj10q1q09ex31.txt 302 CERTIFICATIONS 302 CERTIFICATION I, Carmine Catizone, certify that: 1. I have reviewed the quarterly report on Form 10-Q of Creative Beauty Supply of New Jersey Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and c) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. Date: May 12, 2009 /s/Carmine Catizone ---------------------------- Carmine Catizone President & Chief Executive Officer 302 CERTIFICATION I, Daniel Generelli, certify that: 1. I have reviewed the quarterly report on Form 10-Q of Creative Beauty Supply of New Jersey Corporation; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) evaluated the effectiveness of the registrant's disclosure controls and procedures as of a date within 90 days prior to the filing date of this report (the "Evaluation Date"); and c) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant's auditors and the audit committee of registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal controls over financial reporting. Date: May 12, 2009 /s/Daniel Generelli ---------------------------- Daniel Generelli, CFO EX-32 3 creativenj10q1q09ex32.txt 906 CERTIFICATIONS CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Creative Beauty Supply of New Jersey Corporation (the "Company") on Form 10-Q for the three months ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Carmine Catizone, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. /s/Carmine Catizone - ----------------------------- Carmine Catizone Chief Executive Officer May 12, 2009 CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Quarterly Report of Creative Beauty Supply of New Jersey Corporation (the "Company") on Form 10-Q for the three months ended March 31, 2009 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Daniel Generelli, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that: (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and (2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. /s/Daniel Generelli - ----------------------------- Daniel Generelli Chief Financial Officer May 12, 2009 -----END PRIVACY-ENHANCED MESSAGE-----