Deregistration of shares for Design Source, Inc.

 

Registration No. 333-116161

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT TO THE
FORM SB-2REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

DESIGN SOURCE, INC.
(Name of small business issuer in its charter)

Nevada

220

N/A

(State or Other Jurisdiction of Organization)

(Primary Standard Industrial Classification Code)

(IRS Employer Identification Number)

DESIGN SOURCE, INC.

NEVADA CORPORATE HEADQUARTERS

100 Europa Drive, Suite 455

101 Convention Center Drive, Suite 700

Chapel Hill, North Carolina 27517

Las Vegas, Nevada 89109

(919) 933-2720

(702) 873-3488

(Address and telephone number of registrant's
executive office)

(Name, address and telephone number of agent for service)

 

Copies to:

Conrad C. Lysiak, Esq.

601 West First Avenue, Suite 503

Spokane, Washington 99201

(509) 624-1475

APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: As soon as practicable after the effective date of this Registration Statement.

If this Form is filed to register additional common stock 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. [   ]

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. [   ]

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. [   ]

If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box.[   ]

 


DESIGN SOURCE, INC.

POST-EFFECTIVE AMENDMENT TO DEREGISTER UNSOLD SHARES OF COMMON
STOCK AND WITHDRAW OUR FORM SB-2 REGISTRATION STATEMENT

On June 4, 2004, our public offering of 1,000,000 shares of common stock minimum, 4,000,000 shares of common stock, maximum was filed with the Securities and Exchange Commission (" SEC" ) on Form SB-2 (Registration No. 333-116161) and declared effective by the SEC on January 3, 2006 at 1:30 p.m. EDT. On January 11, 2006, we elected to terminate the offering and withdraw the registration statement pursuant to Reg. 477 of the Securities Act of 1933. Pursuant to the registration statement, we represented that we would remove from registration by post-effective amendment any securities being registered which remain unsold at the termination of the offering.

No offers of securities were made and no securities were sold, leaving all of the securities unsold. We, pursuant to this post effective amendment, do hereby withdraw and remove from registration all of the shares of common stock so registered.

We are filing this application because we believe that we cannot comply with the laws of the State of North Carolina with respect to the offer or sale of the shares of common stock which are the subject matter of the foregoing Form SB-2 registration statement.

We may undertake a subsequent private offering in reliance upon Reg. 155(c) of the Securities Act of 1933.

 

 

 

 

 

 

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing of this post-effective amendment to its Form SB-2 registration statement and has duly caused this post-effective amendment to its Form SB-2 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Chapel Hill, North Carolina, on this 11th day of January, 2006.

 

DESIGN SOURCE, INC.

     
 

BY:

/s/ Peter Reichard

   

Peter A. Reichard
President, Principal Executive Officer, Treasurer, Principal Financial Officer, Principal Accounting Officer and member of the Board of Directors

KNOW ALL MEN BY THESE PRESENT, that each person whose signature appears below constitutes and appoints, Peter Reichard, as true and lawful attorney-in-fact and agent, with full power of substitution, for her and in her name, place and stead, in any and all capacities, to sign any and all amendment (including post-effective amendments) to this registration statement, and to file the same, therewith, with the Securities and Exchange Commission, and to make any and all state securities law or blue sky filings, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite or necessary to be done in about the premises, as fully to all intents and purposes as she might or could do in person, hereby ratifying the confirming all that said attorney-in-fact and agent, or any substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, this post-effective amendment to its Form SB-2 Registration Statement has been signed by the following persons in the capacities and on the dates indicated:

Signature

Title

Date

     

/s/ Peter Reichard

President, principal executive officer,

January 11, 2006

Peter A. Reichard

treasurer, principal financial officer, principal accounting officer, and a member of the board of directors

 
     

/s/ Peter Coker

Secretary and a member of the board of

January 11, 2006

Peter L. Coker

directors.

 

 

 

 

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