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<TITLE>Form S-8</TITLE>
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<BODY><P align=center><FONT face="Times New Roman, Times, Serif" size=1><B>As Filed with the Securities and Exchange Commission
 on April 20, 2004<BR>
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 No. 333-__________ </B></FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT><BR>

<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=4><B>FORM S-8</B></FONT><BR>
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 Major Center Bold" FSL="Default" --><FONT face="Times New Roman, Times, Serif" size=1>REGISTRATION STATEMENT
 UNDER THE SECURITIES ACT OF 1933 </FONT></P>

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<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=4><B>TMSF HOLDINGS, INC.</B></FONT>
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 Minor Center Bold" FSL="Default" --><BR><FONT face="Times New Roman, Times, Serif" size=1>(Exact Name
 of Registrant as Specified in its Charter)</FONT></P>

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<TD align=center width="40%"><FONT face="Times New Roman, Times, Serif" size=2><B>Delaware</B><BR>(State or other jurisdiction of incorporation<BR>or organization)</FONT></TD>
<TD align=center width="5%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width="25%"><FONT face="Times New Roman, Times, Serif" size=2><B>6162</B><BR>(Primary Standard Industrial<BR>Classification Code Number)</FONT></TD>
<TD align=center width="5%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD align=center width="25%"><FONT face="Times New Roman, Times, Serif" size=2><B>87-0642252</B><BR>(I.R.S. Employer<BR>Identification Number)</FONT></TD></TR>
</TABLE>


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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>727 West Seventh Street, Suite 850 <BR>
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 FORMAT-SHEET="Head Major Center Bold 1" FSL="Default" -->Los Angeles, California 90017 <BR>
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 FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->(213) 234-2400 <BR>
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 Major Center Bold 1" FSL="Default" --></B></FONT><FONT face="Times New Roman, Times, Serif" size=1>(Address
 of Principal Executive Offices and Zip Code) </FONT></P>

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<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>2003 STOCK OPTION, DEFERRED STOCK AND RESTRICTED
 STOCK PLAN</B><BR>
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 the Plan)</FONT></P>

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<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>Raymond Eshaghian<BR>
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 Major Center Bold 1" FSL="Default" -->Chief Executive Officer <BR>
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 Center Bold 1" FSL="Default" -->727 West Seventh Street, Suite 850 <BR>
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 Major Center Bold 1" FSL="Default" -->Los Angeles, California 90017 <BR>
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 Major Center Bold" FSL="Default" -->(213) 234-2400</B> <BR></FONT>
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 Center Bold" FSL="Default" --><FONT face="Times New Roman, Times, Serif" size=1>(Name, Address, including
 Zip Code, and Telephone Number, including Area Code, of Agent for Service) </FONT></P>

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<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><I>Copies to</I> <BR><BR>
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 Major Center Bold 1" FSL="Default" --><B>Thomas J. Poletti, Esq. <BR>
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 Major Center Bold 1" FSL="Default" -->Ted Weitzman, Esq. <BR>
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 Bold 1" FSL="Default" -->&amp; Lockhart LLP <BR>
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 FSL="Default" -->10100 Santa Monica Blvd., 7th Floor <BR>
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 Bold 1" FSL="Default" -->Los Angeles, CA 90067 <BR>
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 1" FSL="Default" -->Telephone (310)552-5000 <BR>
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 FSL="Default" -->Facsimile (310) 552-5001</B> </FONT></P>

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<P align=center>_________________ </P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>CALCULATION OF REGISTRATION FEE</B></FONT></P>

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<TH><FONT face="Times New Roman, Times, Serif" size=1><B>Title of each class of securities to be registered (1)</B></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><B>Amount to be registered</B></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><B>Proposed maximum offering price per share (2)</B></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><B>Proposed maximum aggregate offering price (2)</B></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><B>Amount of registration fee</B></FONT></TH></TR>
<TR>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>Common stock, $.001 par value</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>2,000,000</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>$ 0.81</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>$ 1,620,000</FONT></TD>
<TD align=center><FONT face="Times New Roman, Times, Serif" size=2>$ 206</FONT></TD></TR>
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<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(1) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="91%"><FONT face="Times New Roman, Times, Serif" size=2>Pursuant to Rule 416 (c) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan(s) described herein.</FONT></TD></TR>
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<TD align=right width="6%"><FONT face="Times New Roman, Times, Serif" size=2>(2) </FONT></TD>
<TD align=left width="3%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD width="91%">
<P align=left><FONT face="Times New Roman, Times, Serif" size=2><FONT face="Times New Roman, Times, Serif" size=2>Estimated
 solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h)(1)
 of the Securities Act, based on the price at which options may be exercised, or if such price is not
 known, on the average of the high and low prices on the OTC Bulletin Board on April 16, 2004.&nbsp;</FONT></FONT>
</P>
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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>PART I</B> </FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
 </B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
 documents containing information specified in this Part I are being separately provided to the Registrant&#146;s
 employees, officers, directors and consultants as specified by Rule 428(b)(1) of the Securities Act
 of 1933, as amended. </FONT></P>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>-&nbsp;2&nbsp;-</FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>PART II</B> </FONT></P>

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<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 </B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>Item 3. Incorporation of Documents by Reference. </FONT>
</P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
 documents listed in paragraphs (a) and (b) below have been filed with the Securities and Exchange Commission
 (the &#147;Commission&#148;) and are hereby incorporated by reference into this Registration Statement. All documents
 subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
 Exchange Act of 1934 (the &#147;Exchange Act&#148;), prior to the filing of a post-effective amendment which indicates
 that all securities offered herein have been sold or which deregisters all securities then remaining
 unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a
 part hereto from the date of filing of such documents. </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;
 Registrant&#146;s Annual Report on Form 10-KSB, as amended, for the year ended December 31, 2003; </FONT>
</P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;
 Registrant&#146;s Current Report on Form 8-K/A filed with the SEC on January 21, 2003.</FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 4. Description of Securities.</B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Common stock </B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
 are authorized to issue 100,000,000 shares of common stock, $0.001 par value per share. As of April
 20, 2004, there were 15,000,000 shares of common stock outstanding, and there were options outstanding
 to purchase an additional 750,000 shares of our common stock.</FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
 holders of common stock are entitled to one vote per share on all matters to be voted upon by the stockholders.
 The holders of common stock are entitled to receive ratably dividends, if any, as may be declared from
 time to time by the board of directors out of funds legally available for that purpose. In the event
 of our liquidation, dissolution or winding up, the holders of common stock are entitled to share ratably
 in all assets remaining after payment of liabilities. The common stock has no preemptive or conversion
 rights or other subscription rights. There are no redemption or sinking fund provisions applicable to
 the common stock. All outstanding shares of common stock are fully paid and non-assessable. </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
 do not intend to pay cash dividends on our common stock in the foreseeable future. To the extent we
 have earnings in the future, we intend to reinvest such earnings in our business operations. </FONT>
</P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Delaware Anti-Takeover Law and Charter and Bylaw
 Provisions </B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
 are subject to the provisions of Section 203 of the Delaware General Corporation Law. In general, this
 statute prohibits a publicly-held Delaware corporation from engaging in a &#147;business combination&#148; with
 an &#147;interested stockholder&#148; for a period of three years after the date that the person became an interested
 stockholder unless, with certain exceptions, the business combination or the transaction in which the
 person became an interested stockholder is approved in a prescribed manner. Generally, a &#147;business combination&#148;
 includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the
 stockholder. </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generally,
 an &#147;interested stockholder&#148; is a person who, together with affiliates and associates, owns or within
 three years prior, did own 15% or more of the corporation&#146;s voting stock. These provisions may have
 the effect of delaying, deferring or preventing a change in control of us without further action by
 our stockholders. Our certificate of incorporation and bylaws contain provisions that could have the
 effect of discouraging potential acquisition proposals or making a tender offer or delaying or preventing
 a change in control of our company, including changes a stockholder might consider favorable. In particular,
 our certificate of incorporation and bylaws, as applicable, among other things, will: </FONT></P>

<P align=center><FONT face="Times New Roman, Times, Serif" size=2>-&nbsp;3&nbsp;-</FONT></P>

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<UL>
<LI><FONT face="Times New Roman, Times, Serif" size=2>provide our board of directors with the ability to alter our bylaws without stockholder approval;</FONT><BR><BR>
<LI><FONT face="Times New Roman, Times, Serif" size=2>provide that special meetings of stockholders can only be called by our Chief Executive Officer or President, or by our Board of Directors at the request in writing of a majority of the members of our Board of Directors;</FONT><BR><BR>
<LI><FONT face="Times New Roman, Times, Serif" size=2>provide for an advance notice procedure with regard to the nomination of candidates for election as directors and with regard to business to be brought before a meeting of stockholders;</FONT><BR><BR>
<LI><FONT face="Times New Roman, Times, Serif" size=2>provide that vacancies on our board of directors may be filled by a majority of directors in office, although less than a quorum; and</FONT><BR><BR>
<LI><FONT face="Times New Roman, Times, Serif" size=2>allow us to issue up to 10,000,000 shares of preferred stock with rights senior to those of the common stock and that otherwise could adversely affect the rights and powers, including voting rights, of the holders of common stock. In some circumstances, this issuance could have the effect of decreasing the market price of our common stock, as well as having the anti-takeover effects discussed above.</FONT><BR><BR></LI></UL>
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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
 provisions may have the effect of discouraging a third-party from acquiring us, even if doing so would
 be beneficial to our stockholders. These provisions are intended to enhance the likelihood of continuity
 and stability in the composition of our board of directors and in the policies formulated by them, and
 to discourage some types of transactions that may involve an actual or threatened change in control
 of our company. These provisions are designed to reduce our vulnerability to an unsolicited acquisition
 proposal and to discourage some tactics that may be used in proxy fights. We believe that the benefits
 of increased protection of our potential ability to negotiate with the proponent of an unfriendly or
 unsolicited proposal to acquire or restructure our company outweigh the disadvantages of discouraging
 such proposals because, among other things, negotiation of such proposals could result in an improvement
 of their terms. However, these provisions could have the effect of discouraging others from making tender
 offers for our shares that could result from actual or rumored takeover attempts. These provisions also
 may have the effect of preventing changes in our management. </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 5. Interests of Named Experts and Counsel.
 </B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kirkpatrick
 &amp; Lockhart LLP, Los Angeles, California, will pass for us on the validity of the common stock offered
 hereby. </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 6. Indemnification of Directors and Officers.</B>
 </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
 145 of the Delaware General Corporation Law allows for the indemnification of officers, directors, and
 other corporate agents in terms sufficiently broad to indemnify such persons under certain circumstances
 for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of
 1933. Article VIII of the Registrant&#146;s Certificate of Incorporation, as amended, and Article VII of
 the Registrant&#146;s Bylaws provide for indemnification of the Registrant&#146;s directors, officers, employees,
 and other agents to the extent and under the circumstances permitted by the Delaware General Corporation
 Law. The Registrant has also entered into agreements with its directors and executive officers that
 will require the Registrant, among other things, to indemnify them against certain liabilities that
 may arise by reason of their status or service as directors to the fullest extent not prohibited by
 law to the extent such costs or expenses are not covered by existing directors and officers insurance.
 The Registrant carries directors and officers liability insurance covering its directors and officers
 against liability asserted against or incurred by the person arising out of his or her capacity as a
 director or officer, including any liability for violations of the Securities Act or the Exchange Act,
 subject to some exclusions and coverage limitations. </FONT></P>

<P align=center><FONT face="Times New Roman, Times, Serif" size=2>-&nbsp;4&nbsp;-</FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 7. Exemption From Registration Claimed. </B></FONT>
</P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
 applicable.</FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 8. Exhibits.</B></FONT></P>

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<TR vAlign=bottom>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>Exhibit<BR><U>Number</U></FONT></TH>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Description</U></FONT></TH></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003 Stock Option, Deferred Stock and Restricted Stock Plan (incorporated by reference to Exhibit 10.1 of the Registrant's Annual &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Report on Form 10-KSB for the year ended December 31, 2002).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Employee).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.3</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.4</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Super Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.5</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Employee).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.6</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.7</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Super Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>5.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Kirkpatrick &amp; Lockhart LLP.</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>23.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Singer Lewak Greenbaum &amp; Goldstein LLP.</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>23.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Kirkpatrick &amp; Lockhart LLP (contained in Exhibit 5.1).</FONT></TD></TR>
</TABLE>


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<P><FONT face="Times New Roman, Times, Serif" size=2><B>Item 9. Undertakings.</B></FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
 undersigned Registrant hereby undertakes: </FONT></P>

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<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 To file, during any period in which offers or sales are being made, a post-effective amendment to this
 Registration Statement to include any material information with respect to the plan of distribution
 not previously disclosed in the Registration Statement or any material change to such information in
 the Registration Statement. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 That, for the purpose of determining any liability under the Securities Act, each such post-effective
 amendment shall be deemed to be a 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 <U>bona fide</U>
 offering thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para (List) Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
 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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
 undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities
 Act, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of the
 Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant
 to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement
 shall be deemed to be a 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 <U>bona fide</U> offering
 thereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
 as indemnification by the Registrant for liabilities arising under the Securities Act may be permitted
 to directors, officers and controlling persons of the Registrant pursuant to the provisions referenced
 in Item 6 of this Registration Statement or otherwise, the Registrant has been advised that in the opinion
 of the Commission such indemnification is against public policy as expressed in the Securities 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 hereunder,
 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 Securities Act and will be governed by the final adjudication
 of such issue. </FONT></P>

<P align=center><FONT face="Times New Roman, Times, Serif" size=2>-&nbsp;5&nbsp;-</FONT></P>

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<HR color=gray noShade SIZE=5>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>SIGNATURES</B></FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 on Form S-8 and has duly caused this Registration
 Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los
 Angeles, State of California, on this 20th day of April, 2004. </FONT></P>

<TABLE cellSpacing=0 cellPadding=0>
<TR vAlign=top>
<TD width="30%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width="30%"><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;</FONT></TD>
<TD width="40%"><FONT face="Times New Roman, Times, Serif" size=2>TMSF HOLDINGS, INC.<BR><BR><BR><U>By:/s/ RAYMOND ESHAGHIAN</U><BR>Raymond Eshaghian<BR>Chairman of the Board and Chief Executive Officer</FONT></TD></TR>
</TABLE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold" FSL="Default" -->
<P align=center><FONT face="Times New Roman, Times, Serif" size=2><B>POWER OF ATTORNEY</B> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW
 ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints
 Raymond Eshaghian and Masoud Najand, and each of them, as his true and lawful attorneys-in-fact and
 agents, with full power of substitution for him in any and all capacities, to sign any and all amendments
 (including post-effective amendments) to this Registration Statement, and to file the same, with all
 exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission,
 granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and
 perform each and every act and thing requisite and necessary to be done in connection therewith, as
 fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming
 all that said attorneys-in-fact and agents, or any of them, or their or his substitute or substitutes,
 may lawfully do or cause to be done by virtue hereof. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->

<P><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Pursuant
 to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the
 following persons in the capacities and on the dates indicated.</B> </FONT></P>

<TABLE cellSpacing=0 cellPadding=0 align=center>
<TR vAlign=bottom>
<TH align=center><FONT face="Times New Roman, Times, Serif" size=1><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIGNATURE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TITLE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR></FONT></TH>
<TH><FONT face="Times New Roman, Times, Serif" size=1><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR></FONT></TH></TR>
<TR vAlign=top>
<TD align=left width="35%"><FONT face="Times New Roman, Times, Serif" size=2><U>/S/ RAYMOND ESHAGHIAN</U><BR>Raymond Eshaghian </FONT></TD>
<TD width="45%"><FONT face="Times New Roman, Times, Serif" size=2>Chairman of the Board, Chief Executive<BR>Officer and Secretary<BR>(Principal Executive Officer)</FONT></TD>
<TD width="20%"><FONT face="Times New Roman, Times, Serif" size=2>April 20, 2004</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2><U>/s/ MASOUD NAJAND</U><BR>Masoud Najand</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Chief Financial Officer<BR>(Principal Financial and Accounting Officer)</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>April 20, 2004</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2><U>/s/ M. AARON YASHOUAFAR</U><BR>M. Aaron Yashouafar</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>April 20, 2004</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2><U>/s/ H. WAYNE SNAVELY</U><BR>H. Wayne Snavely </FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>Director</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>April 20, 2004</FONT></TD></TR>
</TABLE>

<BR><BR><BR><BR>
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>-&nbsp;6&nbsp;-</FONT></P>

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<HR color=gray noShade SIZE=5>

<TABLE cellSpacing=0 cellPadding=0>
<TR vAlign=bottom>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>Exhibit<BR><U>Number</U></FONT></TH>
<TH align=left><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Description</U></FONT></TH></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003 Stock Option, Deferred Stock and Restricted Stock Plan (incorporated by reference to Exhibit 10.1 of the Registrant's <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual Report on Form 10-KSB for the year ended December 31, 2002).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Employee).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.3</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.4</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Stock Option Agreement (Super Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.5</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Employee).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.6</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>4.7</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form of Restricted Stock Purchase Agreement (Super Executive).</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>5.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Kirkpatrick &amp; Lockhart LLP.</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>23.1</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Singer Lewak Greenbaum &amp; Goldstein LLP.</FONT></TD></TR>
<TR vAlign=top>
<TD align=left><FONT face="Times New Roman, Times, Serif" size=2>23.2</FONT></TD>
<TD><FONT face="Times New Roman, Times, Serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consent of Kirkpatrick &amp; Lockhart LLP (contained in Exhibit 5.1).</FONT></TD></TR>
</TABLE>


</BODY>

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Form S-8
As Filed with the Securities and Exchange Commission
 on April 20, 2004
Registration
 No. 333-__________
SECURITIES AND EXCHANGE COMMISSION
_________________
FORM S-8
REGISTRATION STATEMENT
 UNDER THE SECURITIES ACT OF 1933
_________________
TMSF HOLDINGS, INC.
(Exact Name
 of Registrant as Specified in its Charter)
Delaware
(State or other jurisdiction of incorporation
or organization)
6162
(Primary Standard Industrial
Classification Code Number)
87-0642252
(I.R.S. Employer
Identification Number)
727 West Seventh Street, Suite 850
Los Angeles, California 90017
(213) 234-2400
(Address
 of Principal Executive Offices and Zip Code)
_________________
2003 STOCK OPTION, DEFERRED STOCK AND RESTRICTED
 STOCK PLAN
(Full Title of
 the Plan)
_________________
Raymond Eshaghian
Chief Executive Officer
727 West Seventh Street, Suite 850
Los Angeles, California 90017
(213) 234-2400
(Name, Address, including
 Zip Code, and Telephone Number, including Area Code, of Agent for Service)
_________________
Copies to
Thomas J. Poletti, Esq.
Ted Weitzman, Esq.
& Lockhart LLP
10100 Santa Monica Blvd., 7th Floor
Los Angeles, CA 90067
Telephone (310)552-5000
Facsimile (310) 552-5001
_________________
CALCULATION OF REGISTRATION FEE
Title of each class of securities to be registered (1)
Amount to be registered
Proposed maximum offering price per share (2)
Proposed maximum aggregate offering price (2)
Amount of registration fee
Common stock, $.001 par value
2,000,000
$ 0.81
$ 1,620,000
$ 206
(1)
Pursuant to Rule 416 (c) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan(s) described herein.
(2)
Estimated
 solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(h)(1)
 of the Securities Act, based on the price at which options may be exercised, or if such price is not
 known, on the average of the high and low prices on the OTC Bulletin Board on April 16, 2004.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
 documents containing information specified in this Part I are being separately provided to the Registrant's
 employees, officers, directors and consultants as specified by Rule 428(b)(1) of the Securities Act
 of 1933, as amended.
- 2 -
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The
 documents listed in paragraphs (a) and (b) below have been filed with the Securities and Exchange Commission
 (the "Commission") and are hereby incorporated by reference into this Registration Statement. All documents
 subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities
 Exchange Act of 1934 (the "Exchange Act"), prior to the filing of a post-effective amendment which indicates
 that all securities offered herein have been sold or which deregisters all securities then remaining
 unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a
 part hereto from the date of filing of such documents.
(a)    
 Registrant's Annual Report on Form 10-KSB, as amended, for the year ended December 31, 2003;
(b)    
 Registrant's Current Report on Form 8-K/A filed with the SEC on January 21, 2003.
Item 4. Description of Securities.
Common stock
We
 are authorized to issue 100,000,000 shares of common stock, $0.001 par value per share. As of April
 20, 2004, there were 15,000,000 shares of common stock outstanding, and there were options outstanding
 to purchase an additional 750,000 shares of our common stock.
The
 holders of common stock are entitled to one vote per share on all matters to be voted upon by the stockholders.
 The holders of common stock are entitled to receive ratably dividends, if any, as may be declared from
 time to time by the board of directors out of funds legally available for that purpose. In the event
 of our liquidation, dissolution or winding up, the holders of common stock are entitled to share ratably
 in all assets remaining after payment of liabilities. The common stock has no preemptive or conversion
 rights or other subscription rights. There are no redemption or sinking fund provisions applicable to
 the common stock. All outstanding shares of common stock are fully paid and non-assessable.
We
 do not intend to pay cash dividends on our common stock in the foreseeable future. To the extent we
 have earnings in the future, we intend to reinvest such earnings in our business operations.
Delaware Anti-Takeover Law and Charter and Bylaw
 Provisions
We
 are subject to the provisions of Section 203 of the Delaware General Corporation Law. In general, this
 statute prohibits a publicly-held Delaware corporation from engaging in a "business combination" with
 an "interested stockholder" for a period of three years after the date that the person became an interested
 stockholder unless, with certain exceptions, the business combination or the transaction in which the
 person became an interested stockholder is approved in a prescribed manner. Generally, a "business combination"
 includes a merger, asset or stock sale, or other transaction resulting in a financial benefit to the
 stockholder.
Generally,
 an "interested stockholder" is a person who, together with affiliates and associates, owns or within
 three years prior, did own 15% or more of the corporation's voting stock. These provisions may have
 the effect of delaying, deferring or preventing a change in control of us without further action by
 our stockholders. Our certificate of incorporation and bylaws contain provisions that could have the
 effect of discouraging potential acquisition proposals or making a tender offer or delaying or preventing
 a change in control of our company, including changes a stockholder might consider favorable. In particular,
 our certificate of incorporation and bylaws, as applicable, among other things, will:
- 3 -
provide our board of directors with the ability to alter our bylaws without stockholder approval;
provide that special meetings of stockholders can only be called by our Chief Executive Officer or President, or by our Board of Directors at the request in writing of a majority of the members of our Board of Directors;
provide for an advance notice procedure with regard to the nomination of candidates for election as directors and with regard to business to be brought before a meeting of stockholders;
provide that vacancies on our board of directors may be filled by a majority of directors in office, although less than a quorum; and
allow us to issue up to 10,000,000 shares of preferred stock with rights senior to those of the common stock and that otherwise could adversely affect the rights and powers, including voting rights, of the holders of common stock. In some circumstances, this issuance could have the effect of decreasing the market price of our common stock, as well as having the anti-takeover effects discussed above.
Such
 provisions may have the effect of discouraging a third-party from acquiring us, even if doing so would
 be beneficial to our stockholders. These provisions are intended to enhance the likelihood of continuity
 and stability in the composition of our board of directors and in the policies formulated by them, and
 to discourage some types of transactions that may involve an actual or threatened change in control
 of our company. These provisions are designed to reduce our vulnerability to an unsolicited acquisition
 proposal and to discourage some tactics that may be used in proxy fights. We believe that the benefits
 of increased protection of our potential ability to negotiate with the proponent of an unfriendly or
 unsolicited proposal to acquire or restructure our company outweigh the disadvantages of discouraging
 such proposals because, among other things, negotiation of such proposals could result in an improvement
 of their terms. However, these provisions could have the effect of discouraging others from making tender
 offers for our shares that could result from actual or rumored takeover attempts. These provisions also
 may have the effect of preventing changes in our management.
Item 5. Interests of Named Experts and Counsel.
Kirkpatrick
 & Lockhart LLP, Los Angeles, California, will pass for us on the validity of the common stock offered
 hereby.
Item 6. Indemnification of Directors and Officers.
Section
 145 of the Delaware General Corporation Law allows for the indemnification of officers, directors, and
 other corporate agents in terms sufficiently broad to indemnify such persons under certain circumstances
 for liabilities (including reimbursement for expenses incurred) arising under the Securities Act of
 1933. Article VIII of the Registrant's Certificate of Incorporation, as amended, and Article VII of
 the Registrant's Bylaws provide for indemnification of the Registrant's directors, officers, employees,
 and other agents to the extent and under the circumstances permitted by the Delaware General Corporation
 Law. The Registrant has also entered into agreements with its directors and executive officers that
 will require the Registrant, among other things, to indemnify them against certain liabilities that
 may arise by reason of their status or service as directors to the fullest extent not prohibited by
 law to the extent such costs or expenses are not covered by existing directors and officers insurance.
 The Registrant carries directors and officers liability insurance covering its directors and officers
 against liability asserted against or incurred by the person arising out of his or her capacity as a
 director or officer, including any liability for violations of the Securities Act or the Exchange Act,
 subject to some exclusions and coverage limitations.
- 4 -
Item 7. Exemption From Registration Claimed.
Not
 applicable.
Item 8. Exhibits.
Exhibit
Number
Description
4.1
2003 Stock Option, Deferred Stock and Restricted Stock Plan (incorporated by reference to Exhibit 10.1 of the Registrant's Annual      Report on Form 10-KSB for the year ended December 31, 2002).
4.2
Form of Stock Option Agreement (Employee).
4.3
Form of Stock Option Agreement (Executive).
4.4
Form of Stock Option Agreement (Super Executive).
4.5
Form of Restricted Stock Purchase Agreement (Employee).
4.6
Form of Restricted Stock Purchase Agreement (Executive).
4.7
Form of Restricted Stock Purchase Agreement (Super Executive).
5.1
Opinion of Kirkpatrick & Lockhart LLP.
23.1
Consent of Singer Lewak Greenbaum & Goldstein LLP.
23.2
Consent of Kirkpatrick & Lockhart LLP (contained in Exhibit 5.1).
Item 9. Undertakings.
The
 undersigned Registrant hereby undertakes:
(1)       
 To file, during any period in which offers or sales are being made, a post-effective amendment to this
 Registration Statement to include any material information with respect to the plan of distribution
 not previously disclosed in the Registration Statement or any material change to such information in
 the Registration Statement.
(2)       
 That, for the purpose of determining any liability under the Securities Act, each such post-effective
 amendment shall be deemed to be a 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.
The
 undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities
 Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
 Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant
 to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement
 shall be deemed to be a 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.
Insofar
 as indemnification by the Registrant for liabilities arising under the Securities Act may be permitted
 to directors, officers and controlling persons of the Registrant pursuant to the provisions referenced
 in Item 6 of this Registration Statement or otherwise, the Registrant has been advised that in the opinion
 of the Commission such indemnification is against public policy as expressed in the Securities 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 hereunder,
 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 Securities Act and will be governed by the final adjudication
 of such issue.
- 5 -
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 on Form S-8 and has duly caused this Registration
 Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los
 Angeles, State of California, on this 20th day of April, 2004.
TMSF HOLDINGS, INC.
By:/s/ RAYMOND ESHAGHIAN
Raymond Eshaghian
Chairman of the Board and Chief Executive Officer
POWER OF ATTORNEY
KNOW
 ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints
 Raymond Eshaghian and Masoud Najand, and each of them, as his true and lawful attorneys-in-fact and
 agents, with full power of substitution for him in any and all capacities, to sign any and all amendments
 (including post-effective amendments) to this Registration Statement, and to file the same, with all
 exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission,
 granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and
 perform each and every act and thing requisite and necessary to be done in connection therewith, as
 fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming
 all that said attorneys-in-fact and agents, or any of them, or their or his 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 Registration Statement has been signed by the
 following persons in the capacities and on the dates indicated.
SIGNATURE
TITLE
DATE
/S/ RAYMOND ESHAGHIAN
Raymond Eshaghian
Chairman of the Board, Chief Executive
Officer and Secretary
(Principal Executive Officer)
April 20, 2004
/s/ MASOUD NAJAND
Masoud Najand
Chief Financial Officer
(Principal Financial and Accounting Officer)
April 20, 2004
/s/ M. AARON YASHOUAFAR
M. Aaron Yashouafar
Director
April 20, 2004
/s/ H. WAYNE SNAVELY
H. Wayne Snavely
Director
April 20, 2004
- 6 -
Exhibit
Number
Description
4.1
2003 Stock Option, Deferred Stock and Restricted Stock Plan (incorporated by reference to Exhibit 10.1 of the Registrant's
Annual Report on Form 10-KSB for the year ended December 31, 2002).
4.2
Form of Stock Option Agreement (Employee).
4.3
Form of Stock Option Agreement (Executive).
4.4
Form of Stock Option Agreement (Super Executive).
4.5
Form of Restricted Stock Purchase Agreement (Employee).
4.6
Form of Restricted Stock Purchase Agreement (Executive).
4.7
Form of Restricted Stock Purchase Agreement (Super Executive).
5.1
Opinion of Kirkpatrick & Lockhart LLP.
23.1
Consent of Singer Lewak Greenbaum & Goldstein LLP.
23.2
Consent of Kirkpatrick & Lockhart LLP (contained in Exhibit 5.1).