As filed with the Securities and Exchange Commission on October 31,December 24, 2008

File No.___________No .. 333-154912


UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM S-1 /A

Amendment No. 1



REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933


AMERICA’S DRIVING RANGES, INC.

(Name of small business issuer in its charter)


Nevada

3949

26-2797630

(State or jurisdiction of

(Primary Standard Industrial

(I.R.S. Employer

incorporation or organization)

Classification Code Number)

Identification Number)

 

78-36578365 Highway 111, #287

La Quinta, California 92253

 (760)360-9547 (PHONE)

(760) 406-5799 (FAX)

(Address and telephone number of principal executive offices and principal place of business)


Desert Corporate Services, Inc.

5940 South Rainbow Blvd.

Las Vegas, NV 89118

(888)315-0140 (PHONE)

(509) 561-4292 (FAX)(TELECOPY)

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


Copies to:

Henry C. Casden

Attorney at Law

74090 El Paseo, Suite 205

Palm Desert, California 92260

(760) 568-5966 (PHONE)

(760) 341-3635 (FAX)(TELECOPY)


Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.


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.S


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.£




i






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.£


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 the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.


£ Large accelerated filer    £ Accelerated filer    £ Non-accelerated filer    S Smaller reporting company





Calculation of Registration Fee


Title of each class of securities to be registered

Number to be registered (1)

Proposed maximum offering price per unit

Proposed maximum aggregate offering price

Amount of registration fee

Number to be registered (1)

Proposed maximum offering price per unit

Proposed maximum aggregate offering price(2)

Amount of registration fee

 

 

 

 

 

 

 

 

Common Stock,

par value $0.001


10,000,000

  

$0.10 per share


$           1,000,000

$     39.30


10,000,000

  

$0.10 per share


$           1,000,000

$39.30 (3)


TOTAL


10,000,000

 


$           1,000,000

$     39.30


10,000,000

 


$           1,000,000

 

$

(1)

This registration statement covers the resalesale by certain selling stockholdersthe company of up to an aggregate of 10,000,000shares of America’s Driving Ranges, Inc. common stock.


(2)

Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended.


(3)

Previously paid.


The Registrant hereby amends this Registration Statement on such 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 such date as the Commission, acting pursuant to said Section 8(a), may determine.




ii







PROSPECTUS


SUBJECT TO COMPLETION

The information in this prospectus is not complete and may be changed.  We 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 these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.


AMERICA’S DRIVING RANGES, INC.

78-36578365 Highway 111, #287

La Quinta, California 92253


10,000,000Common Shares


We have no public market for our common stock


Investing in our common stock involves risks which are described in the “Risk Factors” section beginning on page 5 of this prospectus.


Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.


Up to 10,000,000 of the shares of common stock offered are being sold by America’s Driving Ranges, Inc. There is no minimum purchase requirement and no escrow, and the proceeds may be used by America’s Driving Ranges, Inc. in its discretion.  There is no established public market for America’s Driving Ranges, Inc.’s common stock, and the offering price has been arbitrarily determined.  America’s Driving Ranges, Inc.’s common stock is not currently listed or quoted on any quotation service.  There can be no assurance that America’s Driving Ranges, Inc.’s common stock will ever be quoted on any quotation service or that any market for America’s Driving Ranges, Inc.’s stock will ever develop. This offering is self-underwritten.  Shares will be sold by America’s Driving Ranges, Inc.’s officers and directors, without the use of an underwriter.


Price to the public

Underwriting Discounts

and Commissions (2)

Proceeds to the

Company (1)

Price to the public

Underwriting

Discounts and Commissions (2)

Proceeds to the

Company (1)

Per Share

$0.10

$0.00

$0.10

$0.10

$0.00

$0.10

Total

$1,000,000

$0.00

$1,000,000

$1,000,000

$0.00

$1,000,000


(1)

Before deducting expenses payable by America’s Driving Ranges, Inc., estimated at approximately $30,554.10.$50,000. This offering is self-underwritten, so America’s Driving Ranges, Inc. is not obligated to pay commissions or fees on the sales of any of the shares. This offering is for up to 10,000,000 common shares. There is no minimum contingency, and the proceeds may be used in America’s Driving Ranges, Inc.’s discretion.   


(2)

The  shares  of  Common Stock are being offered by through its officers  and  directors,  subject  to prior sale, when, as, and if delivered to and accepted by America’s Driving Ranges, Inc. and subject to the approval of  certain legal matters by counsel and certain other conditions.  America’s Driving Ranges, Inc. reserves the right to withdraw, cancel or modify the Offering and to reject any order in whole or in part.


The date of this prospectus is OctoberDecember ­­__,8, 2008.





TABLE OF CONTENTS

PROSPECTUS SUMMARY

3

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

5

RISK FACTORS

5

USE OF PROCEEDS

9

DETERMINATION OF OFFERING PRICE

9

DILUTION

10

PLAN OF DISTRIBUTION

10

LEGAL PROCEEDINGS

11

DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONSDILUTION

11

DESCRIPTIONPLAN OF SECURITIESDISTRIBUTION

11

LEGAL PROCEEDINGS

12

MARKET FOR COMMON EQUITYDIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND RELATED STOCKHOLDCONTROL PERSONS

12ER MATTERS

DESCRIPTION OF SECURITIES

13

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

14

INTERESTS OF NAMED EXPERTS AND COUNSEL

1517

DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION

1617

DESCRIPTION OF BUSINESS

1617

MANAGEMENT’S DISCUSSION AND ANAYLSIS OF FINANCIAL CONDITION AND PLAN OF OPERATION

19

DESCRIPTION OF PROPERTY

21

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

21

EXECUTIVE COMPENSATION

21

SECURITY OWNERSHIPDESCRIPTION OF CERTAIN BENEFICIAL OWNERSPROPERTY

22

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

23

EXECUTIVE COMPENSATION

23

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

24

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

2325

FINANCIAL STATEMENTS

2325




PROSPECTUS SUMMARY

Our Business


America’s Driving Ranges, Inc. was organized on June 9, 2008 to develop a high-tech driving range.  The Company is now prepared to develop its first site in the Coachella Valley and eventually develop or license other sites with its unique combination of facilities and services. We have obtained architectural plans and specifications and have contacted a licensed general contractor experienced in the construction of concrete tilt-up construction to obtain a bid for the cost to construct and develop the proposed site in accordance with the plans and specifications.


The arrangement with the architect is to pay him from the construction financing which will come from the sale of the common stock.  The architectural fees to be paid are $40,000.  


The website is under development and will be completed after the sale of common stock has been completed.  It is anticipated that the website can be constructed for the sum of $3,200.


America’s Driving Ranges, Inc., is controlled by two individuals who devote only 25% each of their time to the business of America’s Driving Ranges, Inc.   There can be no assurance that America’s Driving Ranges, Inc.’s common stock will ever develop a market.


We have not generated any revenues since inception and have accumulated a deficit of $10,805 of which $10,000 is for legal fees payable only if all shares offered herein are sold.


Our auditors have issued a going concern opinion.


Corporate Information


Our principal executive offices are located at 78-36578365 Highway 111, #287, La Quinta, CA  92253. Our telephone number is (760) 360-9547.


The Offering


Common Stock Offered...........................................................................UpOffered.........................................................................Up to 10,000,000 shares


Common Stock Outstanding after the Offering................................................................................................... 50,000,000Offering.................................................................................................50,000,000 shares (1)

 

Use of Proceeds.......................................................................................Proceeds....................................................................................Construction of Driving Range

 and Working capitalCapital (see page 9)


Symbol..................................................................................................... NoneSymbol..................................................................................................None


Risk Factors............................................................................................. TheFactors..........................................................................................The shares of Common

Stock offered involves a high degree

                                                                                                             of risk and immediate substantial

                                                                                                             dilution. See "Risk Factors"


Term of offering.......................................................................................Untiloffering.....................................................................................Until April 30, 2009



 (1) Figures are based on the current outstanding shares of 40,000,000.






Summary Financial Data

 

The following summary financial data  should  be  read  in  conjunction  with "Management's  Discussion  and  Analysis  of Financial Condition and Results of Operations" and the Financial Statements, including Notes, included elsewhere in this Prospectus. The statement of operations data for the period inception to September 30, 2008 and the balance sheet data at September 30, 2008 come from America’s Driving Ranges, Inc’s, audited Financial Statements included elsewhere in this Prospectus. The statement of operations data for the period inception to September 30, 2008 come from America’s Driving Ranges, Inc.’s audited financial statements for that period, which are included in this Prospectus.  These statements include all adjustments that America’s Driving Ranges, Inc. considers necessary for a fair presentation of the financial position and results of operations at that date and for such periods.  The operating results for the period ended September 30, 2008 do not necessarily indicate the results to be expected for the full year or for any future period.






Summary Financial Information


 

(Audited)

Since Inception

(June 9, 2008) and

 

For the Period Ended

Balance Sheet Information

September 30, 2008

Current Assets

$                     3,304

Fixed Assets/Property

-

Total Assets

3,304

Total Liabilities

39,10914,109

Accumulated Deficit

(35,805)(10,805)

Total Stockholders’ DeficitEquity

(35,805)-



(Audited)

Since Inception

(June 9, 2008) and

 

For the Period Ended

Statements of Operations Information

September 30, 2008

Total sales revenues

$                              -

General and administrative expenses

35,79610,796

Interest expense

9

Net (Loss)

(35,805)(10,805)

Net Loss Per Share

(0.00)

Weighted Average Shares Outstanding

40,000,000





References in this prospectus to “America’s Driving Ranges” “ADR,” “we,”  “us,” and “our” refer to America’s Driving Ranges, Inc.



 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS


The Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors can better understand future prospects and make informed investment decisions.  This prospectus contains these types of statements.  Words such as “may,” “expect,” “believe,” “anticipate,” “estimate,” “project,” or “continue” or comparable terminology used in connection with any discussion of future operating results or financial performance identify forward-looking statements.  You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this prospectus.  All forward-looking statements reflect our present expectation of future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  The factors listed in the “Risk Factors” section of this prospectus, as well as any cautionary language in this prospectus, provide examples of these risks and uncertainties.



RISK FACTORS


The following are risk factors, which are directly related to our business, financial condition, and this offering.  Investing in our securities involves a high degree of risk and you should not invest in the securities offered unless you can afford to lose your entire investment. You should read these risk factors in conjunction with other more detailed disclosures located elsewhere in this prospectus.


Risks Related to our Financial Condition and our Business


America’s Driving Ranges, Inc. is a development stage company with no prior operating history, which may make it difficult to evaluate our future prospects.


America’s Driving Ranges, Inc.’s prospects must be considered in light of the risks, expenses, delays and difficulties frequently encountered in establishing a new business in an industry characterized by intense competition.  Since inception, America’s Driving Ranges, Inc. has incurred losses of $35,805,$10,805, and we expect to incur net losses in the foreseeable future.  These losses are in the form of pre-operating expenses, since we have just begun operations.


Our financial status creates a doubt whether we will continue as a going concern, and, if we do not continue as a going concern, investors may lose their entire investment.


As noted in Note 3 to our financial statements, we have nominal assets and no current operations with which to create operating capital.  We seek to raise operating capital to promote and advertise our web site in an offering of our common stock on this Form S-1.  Our company's plan specifies a minimum amount of $100,000 in operating capital to operate for the next 12 months. However, there can be no assurance that such offering will be successful.






The Company has set forth its projections as to revenue, expenses and profits for the next three years, above, under “Memorandum Summary - Earnings Projections” and, below, under “Business - Earnings Projections”.  These projections are unreliable, should be viewed as goals and objectives and are of questionable value in making an investment decision.  No representation or warranty is to be inferred from these financial projections of the Company.


If we are not successful in raising at least $100,000 in the next twelve months, investors may lose their entire investment.


If we are  unsuccessful  in raising at least $100,000 from this offering for our operations during the next  twelve months, we will be unable to pay our minimum operating  expenses, and, unless  we  have  financial  contributions from  our principal,  we will be forced to temporarily  or permanently cease our operations.  This may result in investors losing their entire investment.  Neither of the officers or directors have made any financial commitments to Company in the event the Company does not raise $100,000.


We will need additional capital to fund our expected needs for working Capital and capital expenditures.


We require substantial capital to fund our business. Since our inception, we have experienced negative cash flow from operations and expect to experience significant negative cash flow from operations for the foreseeable future.  We expect that the net proceeds of this offering will be sufficient to meet our expected needs for working capital and capital expenditures for at least the next 12 months. However, we may need to raise additional funds prior to the end of this period, and, if additional capital is required, we expect to attempt to sell additional shares though private placements of our stock. If we raise future capital in private offerings, depending on the terms of the private offerings, it may dilute the holdings of investors who purchase our shares in this offering beyond the dilution figures we have presented in this prospectus.  We cannot be certain that additional financing will be available to us when required on favorable terms or at all.  Our inability to obtain adequate capital would limit our ability to achieve the level of corporate growth that we believe to be necessary to succeed in our business.


We depend on our two officers who comprise the entire management team at the present time.


Our success depends on hiring, retaining and integrating senior management and skilled employees in order to expand our business.  We have only two officers; John Birchard, the President and Director of America’s Driving Ranges, Inc. and Chris Bellile, the Secretary, Chief Financial Officer and Director, who each devote approximately 25 hours per week to our business.  The loss of Mr. Birchard or Ms. Bellile could slow the growth of our business.


America’s Driving Ranges, Inc. has complete discretion in spending proceeds of this offering.


Once this offering is complete, it is possible that we may decide not to spend any of the proceeds on further development of the website and associated advertising necessary to continue operations.


The offering has no escrow, and investor funds may be used on receipt.  There is no escrow of any funds received by America’s Driving Ranges, Inc. in this offering, and any funds received may be used by America’s Driving Ranges, Inc. for any corporate purpose as the funds are received.


Risk of Dilution


As of September 30, 2008, America’s Driving Ranges, Inc.’s net tangible book value was $0, or $0 per share of common stock.  Net tangible book value is the aggregate amount of America’s Driving Ranges, Inc.’s tangible assets less its total liabilities.  Net tangible book value per share represents America’s Driving Ranges, Inc.’s total tangible assets less its total liabilities, divided by the number of





shares of common stock outstanding.  After giving effect to the sale of 10,000,000 shares at an offering price of $0.10 per share of Common stock, application of the estimated net sale proceeds (after deducting offering expenses of $30,554.10) America’s Driving Ranges, Inc’s net tangible book value as of the closing of this offering would increase from $0 to $0.02 per share.  This represents an immediate increase in the net tangible book value of $0.02 per share to current shareholders, and immediate dilution of $0.08 per share to new investors, as illustrated in the following table:


Public offering price per share of common stock ......…………………$ 0.10

Net tangible book value per share before ............................................. $ 0.00

Increase per share attributable to new investors...................................  $ 0.02

Net tangible book value per share after offering..................................   $ 0.02

Dilution per share to new investors......................................................  $ 0.08

Percentage dilution...............................................................................    80%


Risks Related to this Offering, Our Stock Price, and Corporate Control


We have no public market for our stock and there is no assurance one will develop; you may have difficulty liquidating your investment.


There is no public market for our shares of common stock although we intend to apply for quotation on the Over-the Counter Bulletin Board (OTCBB) sometime in the future. If we are quoted on the OTCBB, there is no assurance that a market for our common shares will develop. If a market develops, there can be no assurance that the price of our shares in the market will be equal to or greater than the price per share investors pay in this offering, which was arbitrarily determined. In fact, the price of our shares in any market that may develop could be significantly lower. Investors in this offering may have difficulty liquidating their investment. We have not, as of this date, approached any broker-dealer regarding application for quotation on the OTCBB


When and if we apply for quotation on the OTCBB, the process can be time consuming and we could ultimately fail to achieve a quotation; if our stock does not become quoted on the OTCBB or we fail to maintain our listing once quoted, you may not be able to liquidate your investment.


Although we intend to apply for quotation on the OTCBB, we have no estimate as to when we might begin the process which can ultimately be time consuming and may result in failure.  In order to be quoted on the OTCBB, we are required to be a “reporting company” and we must find a broker who will submit a Form 211 application to FINRA.  We will be a “reporting company” once our registration statement is declared effective by the SEC. We will not make our application until that happens and we cannot predict how long it will take us to go through the registration process especially in light of recent rule changes related to small businesses which will be effective in early February 2008. In addition we cannot predict how long it will take to achieve a quotation once we make application although we would anticipate approximately three to nine months from when we begin the process. Once we are quoted we must continue to meet our filing obligations under the 1934 Act to maintain our quotation and such filings must be filed in a timely manner in order to avoid a temporary suspension in trading.  In addition, recent rule changes impose the requirement that if we fail to file our quarterly and annual reports in accordance with SEC time constraints more than two times in a two year period, we will lose our “listing” for one year during which time we must file each and every report on time before we can be quoted again. Therefore, if our stock does not become quoted on the OTCBB, or if it takes a long time before it is quoted on the OTCBB, or if a market fails to develop once it is quoted on the OTCBB, or if we are suspended from quotation on the OTCBB, you will have difficulty liquidating your investment.






Our shares may be considered a “penny stock” within the meaning of Rule 3a-51-1 of the Securities Exchange Act which will affect your ability to sell your shares; “penny stocks” often suffer wide fluctuations and have certain disclosure requirements which make resale in the secondary market difficult.

 

Our shares will be subject to the Penny Stock Reform Act, which will affect your ability to sell your shares in any secondary market, which may develop. If our shares are not listed on a nationally approved exchange or NASDAQ, do not meet certain minimum financing requirements, or have a bid price of at least $5.00 per share, they will likely be defined as a “penny stock”. Broker-dealer practices, in connection with transactions in “penny stocks”, are regulated by the SEC. Rules associated with transactions in penny stocks include the following:

·

the delivery of standardized risk disclosure documents;

·

the provision of other information such as current bid/offer quotations, compensation to be provided broker-dealer and salesperson, monthly accounting for penny stocks held in the  customers account;

·

written determination that the penny stock is a suitable investment for purchaser;

·

written agreement to the transaction from purchaser; and

·

a two-business day delay prior to execution of a trade


These disclosure requirements and the wide fluctuations that “penny stocks” often experience in the market may make it difficult for you to sell your shares in any secondary market, which may develop.


We have never paid cash or stock dividends on our common shares and this could discourage potential investors from purchasing our shares.


Potential investors should not anticipate receiving any dividends from our common stock. We intend to retain future earnings to finance our growth and development and do not plan to pay cash or stock dividends.  This lack of dividend potential may discourage potential investors from purchasing our common stock.


Our officers and directors control a significant portion of our stock which gives them significant influence on all matters requiring stock holder approval; they could prevent transactions which would be in the best interests of the other stockholders.


Our directors and officers, whose interests may differ from other stockholders, have the ability to exercise significant control over us. These individuals beneficially own approximately 100% of our common stock. These stockholders are able to exercise significant influence over all matters requiring approval by our stockholders, including the election of directors, the approval of significant corporate transactions, and any change of control of America’s Driving Ranges.  These individuals could prevent transactions, which would be in the best interests of the other shareholders. The interests of our officers and directors may not necessarily be in the best interests of the shareholders in general.


Risks Related to Current Economic Conditions and Construction


It is contemplated that construction costs may be less than originally contemplated as the demand for labor and materials has substantially diminished as a result of the current economic downturn resulting in the possibility of construction cost savings. We will be better able to asses the cost savings after all bids have been obtained and compared with the original cost estimates to develop the driving range.  






We will require the general contractor to post a completion bond for the construction of the driving range as part of the terms of the construction contract.


We expect, but have no way of proving this expectation, that the business will have positive results from commencement of operations because the cost to use the driving range will cost less than playing a round of golf.


We have limited construction experience.  We therefore contemplate hiring an experienced construction manager to oversee the construction of the driving range and to coordinate the construction with the general contractor and protect the interests of the Company with regard to letting contracts and cost savings.


Costs of Maintaining a Public Company Due to Sarbannes –Oxley Act


In order to properly comply with the Sarbannes-Oxley requirements imposed on public companies, including quarterly and annual audits and additional accounting and legal expenses, the anticipated costs for such compliance is $150,000 according to our accountants and lawyers.  The cost may be insurmountable should the Company be unable to raise capital as contemplated.




USE OF PROCEEDS


The net proceeds to America’s Driving Ranges, Inc. from the sale of the shares of common stock offered are estimated to be approximately $1,000,000 if all shares in this offering are sold. America’s Driving Ranges, Inc. intends to use these proceeds for construction, working capital and general corporate purposes, as follows:   


The following table  shows  the  Company's  use  of proceeds if 25%, 50%, 75%, and/or 100% of the shares are sold. Further, there can be no assurance that any shares will be sold in this offering.


 

 

25%

 

 

50%

 

 

75%

     Use

 

Amount

     Use

 

Amount

     Use

 

Amount

Grading and turf  installation

 

$ 184,000 

Grading and turf installation

 

$  184,000 

Grading and turf installation

 

$ 184,000 

Club house and stations

 

 

Club house and stations

 

       200,000 

Club house and stations

 

398,500 

Netting and landscape

 

 

Netting and landscape

 

20,000 

Netting and landscape

 

40,000 

Range equipment

 

 

Range equipment

 

 

Range equipment

 

35,000 

Parking

 

 

Parking

 

7,500 

Parking

 

 15,000 

Automated stations

 

 

Automated stations

 

 

Automated stations

 

 

Web site promotion

 

      3,200 

Web site promotion

 

3,200 

Web site promotion

 

3,200 

Offering Expenses

 

    30,000 

Offering Expenses

 

        35,000 

Offering Expenses

 

  40,000 

Working Capital

 

32,800 

Working Capital

 

50,300 

Working Capital

 

34,300 

          Total

 

$ 250,000 

          Total

 

$  500,000

          Total

 

$ 750,000 







100%

     Use

 

Amount

Grading and turf installation

 

$      184,000

Club house and stations

 

398,000

Netting and landscape

 

40,000

Range equipment

 

35,000

Parking

 

15,000

Automated stations

 

228,000

Web site promotion

 

3,200

Management salariesOffering Expenses

 

-          50,000

Working Capital

 

96,800

          Total

 

$   1,000,000


Note:  Long-term land lease for an initial term of ten years with annual rent to be $43,560 per year payable monthly with cost of living increases annually not exceeding 3 percent per year during the term.


Note:  With regard to the web-site, it is contemplated that the web-site will be informational only and not interactive.  The site will display the amenities of the driving range, the location and a phone number and hours of operation.


The allocation of the net proceeds of the Offering set forth above represents America’s Driving Ranges, Inc.’s best estimates based upon its current plans and certain assumptions regarding industry and general economic conditions and America’s Driving Ranges, Inc’s future revenues and expenditures.  If any of these factors change, America’s Driving Ranges, Inc. may find it necessary or advisable to reallocate some of the proceeds within the above-described categories.


Proceeds not immediately required for the purposes described above will be invested temporarily, pending their application as described above, in short-term United States government securities, short-term bank certificates of deposit, money market funds or other investment grade, short-term, interest-bearing instruments.

 

In compliance with Item 504 of Regulation S-K, the company if unable to raise the capital set forth above, will use the monies raised from the sale of common stock first for payment of offering expenses and next for working capital requirements and web-site promotion.


The allocation of the net proceeds of the Offering set forth above represents America’s Driving Ranges, Inc.’s best estimates based upon its current plans and certain assumptions regarding industry and general economic conditions and America’s Driving Ranges, Inc’s future revenues and expenditures.  


Proceeds not immediately required for the purposes described above will be invested temporarily, pending their application as described above, in short-term United States government securities, short-term bank certificates of deposit, money market funds or other investment grade, short-term, interest-bearing instruments.








DETERMINATION OF OFFERING PRICE


As of the date of this prospectus, there is no public market for our common stock. The offering price of $0.10 per share was determined arbitrarily by us and should not be considered an indication of the actual value of our company or our shares of common stock.  It was not based on any established criteria of value and bears no relation to our assets, book value, earnings or net worth.  In determining the offering price and the number of shares to be offered, we considered such factors as the price paid by both initial and subsequent investors, our financial condition, our potential for profit and the general condition of the securities market.


We decided on the offering price of $0.10 per share because we believe that the price of $0.10 per share will be the easiest price at which to sell the shares. The price of the common stock that will prevail in any market that develops after the offering, if any, may be higher or lower than the price you paid. There is also no assurance that an active market will ever develop in our securities.  You may not be able to resell any shares you purchased in this offering.  Our common stock has never been traded on any exchange or market prior to this offering.







DILUTION


As of September 30, 2008, America’s Driving Ranges, Inc.’s net tangible book value was $0, or $0 per share of common stock.  Net tangible book value is the aggregate amount of America’s Driving Ranges, Inc.’s tangible assets less its total liabilities.  Net tangible book value per share represents America’s Driving Ranges, Inc.’s total tangible assets less its total liabilities, divided by the number of shares of common stock outstanding.  After giving effect to the sale of 10,000,000 shares at an offering price of $0.10 per share of Common stock, application of the estimated net sale proceeds (after deducting offering expenses of $47,150).$50,000 if all share are sold) America’s Driving Ranges, Inc’s net tangible book value as of the closing of this offering would increase from $0 to $0.02 per share.  This represents an immediate increase in the net tangible book value of $0.02 per share to current shareholders, and immediate dilution of $0.08 per share to new investors, as illustrated in the following table:


Public offering price per share of common stock ......………………….$ 0.10

Net tangible book value per share before ............................................. $ 0.00

Increase per share attributable to new investors...................................investors.................................... $ 0.02

Net tangible book value per share after offering..................................  offering.....................................$ 0.02

Dilution per share to new investors......................................................  $ 0.08

Percentage dilution...............................................................................    80%



PLAN OF DISTRIBUTION


The Shares shall be offered on a self underwritten basis in the States of Nevada, New York, California, Florida and in the District of Columbia, and to investors outside the Unites States.  The offering is self underwritten by the Company, which offers the Shares directly to investors through officer John Birchard,  who will offer the shares by prospectus and sales literature filed with the SEC, to friends, former business associates and contacts, and by direct mail to investors who have indicated an interest in the Company.  The offering is a self underwritten offering, which means that it does not involve the participation of an underwriter or broker.broker and will be conducted solely by the officers and directors of Company who are exempt from broker-dealer registration in reliance on Securities Exchange Act Rule 3a4-1 et.seq.






The offering of the Shares shall terminate April 30, 2009.


We reserve the right to reject any subscription in whole or in part or to allot to any prospective investor less than the number of Shares subscribed for by such investor.


We have not applied for a listing, but have an oral agreement to file a Form 211 with the FINRA for a quotation of our securities.invest.


There is no established public market for America’s Driving Ranges, Inc.’s common stock, and the offering price has been arbitrarily determined.  There can be no assurance that a public market for the common stock will ever develop.


The first $50,000$30,554.10 in capital raised from this offering will be used to pay the costs of the offering.  Funds received in the offering will be immediately available to us for use and will not be placed in an escrow or trust account.  There is no minimum number of shares that must be sold in order for us to use any of the proceeds of this offering.





LEGAL PROCEEDINGS


America’s Driving Ranges, Inc. is not subject to any pending litigation, legal proceedings or claims.



DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS


Identification of Officers and Directors


The members of the Board of Directors of America’s Driving Ranges, Inc. serve until the next annual meeting of stockholders, or until their successors have been elected.  The officers serve at the pleasure of the Board of Directors.


The current executive officers, key employees and directors of America’s Driving Ranges, Inc. are as follows:


Name

Age

Position

Director Since

John Birchard, PGA

41

President & Director

June 2008

Chris Bellile

57

Secretary, Chief Financial Officer & Director

June 2008


John Birchard is the founding and current President and Director of America’s Driving Ranges, Inc. and has been since his appointment to the Board of Directors on June 9, 2008.  Mr. Birchard played on the University of Wisconsin Golf Team in 1986 and 1987.  He then transferred to Ferris State University where he earned a BS degree in Business.  John has been on the Board of Directors for the Desert Chapter PGA, since 2007.  He is currently the PGA Assistant Golf Professional at a private country clubIronwood Country Club located in South  Palm Desert, California.California and has been employed there for the past eight years.


Chris Bellile is the current Secretary, Chief Financial Officer and Director of America’s Driving Ranges, Inc. since June 9, 2008.   She earned a BS degree in Business Administration from the University of Southern California in 1975. She served several companies in administrative and accounting positions until January 2002 when she was attracted to the golf industry by Dahoon Corporation of Palm Springs, California.   Ms. Bellile is now employed by private country clubIndian Ridge Country Club located in North East Palm Desert, California.  She has vast country clubCalifornia as Director of Food and golfing industry related administrative experience.Beverage.  Prior to that she was previously





employed at Ironwood Country Club located in Palm Desert, California as Director of Food and Beverage for in excess of five years.


Directorships in Other Public Companies


Neither of our directors serves as a director of any other reporting company.


No Involvement in Certain Legal Proceedings


During the past five years, none of our executive officers/directors:


·

has filed a petition under federal bankruptcy laws or any state insolvency law, nor had a receiver, fiscal agent or similar officer appointed by a court for the business or property of such person, or any  partnership in which he was a general partner at or within two years before the time of such filing, or any corporation or business association of which he was an executive officer at or within two years before the time of such filing;






·

was convicted in a criminal proceeding or named subject of a pending criminal proceeding excluding traffic violations and other minor offenses);


·

was the subject of any order, judgment or decree, not subsequently  reversed, suspended or vacated, of any court of competent jurisdiction,  permanently or temporarily enjoining him or her from or otherwise limiting  his/her involvement in any type of business, securities or  banking  activities;


·

was found by a court of competent jurisdiction in a civil action, by the Securities and Exchange Commission or the Commodity Futures Trading Commission, to have violated any federal or state securities law, and  the judgment in such civil action or finding by the Securities and  Exchange Commission has not been subsequently reversed, suspended, or vacated.


DESCRIPTION OF SECURITIES


The authorized capital stock of America’s Driving Ranges, Inc. consists of 100,000,000 shares of Common stock, $.001 par value per share. Upon consummation of this Offering, there will be outstanding 50,000,000 shares of Common stock.


Common Stock


Holders of Common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders, including the election of directors.


Holders of common stock do not have subscription, redemption or Conversion rights, nor do they have any preemptive rights.


Holders of common stock do not have cumulative voting rights, which mean that the holders of more than half of all voting rights with respect to common stock and Preferred Stock can elect all of America’s Driving Ranges, Inc’s directors.  The Board of Directors is empowered to fill any vacancies on the Board of Directors created by resignations, subject to quorum requirements.  

 





Holders of Common stock will be entitled to receive such dividends, if any, as may be declared from time to time by the Board of Directors out of funds legally available therefore, and will be entitled to receive, pro rata, all assets of the Company available for distribution to such holders upon liquidation.


All outstanding shares of Common stock are, and the Common stock offered, upon issuance and sale, will be, fully paid and non-assessable.


There are 2 shareholders of record as of the date of this prospectus.


Change in Control Provisions


There are no provisions in our charter or bylaws that would delay, defer or prevent a change in our control.








MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS


Price Range of Securities


America’s Driving Ranges, Inc.’s common stock is not listed or quoted at the present time, and there is no present public market for America’s Driving Ranges, Inc.’s common stock.  America’s Driving Ranges, Inc. has obtained a market maker who has agreed to file an application for America’s Driving Ranges, Inc.’s securities to be quoted on Financial Industry Regulatory Authority (“FINRA”) OTC Bulletin Board, upon the effectiveness of this Registration Statement, but the obtaining of a quotation is subject to FINRA approval, and there can be no assurance that America’s Driving Ranges, Inc.’s stock will be quoted on the Bulletin Board.  Thus, there can be no assurance that the FINRA will accept America’s Driving Ranges, Inc.’s market maker's application on Form 211.  Therefore, there can be no assurance that a public market for America’s Driving Ranges, Inc.’s common stock will ever develop.


No Market for Our Shares


As of the date of this prospectus and for the foreseeable future there is no public or private market for our common shares. Nor is there any assurance that a trading market will ever develop, or, if developed, that it will be sustained.  A purchaser of shares may, therefore, find it difficult to resell the securities offered herein should he or she desire to do so when eligible for public re-sales.  Furthermore, the shares are not marginal and it is unlikely that a lending institution would accept the shares as collateral for a loan.  In the event there is no market for our shares, you could suffer a total loss of all monies paid to us for your shares.  No assurance can be given that we will be able to successfully complete this initial public offering of our common stock and develop and sustain a public market for our common stock.








14




Effect of Penny Stock Reform Act and Rule 15g-9


When and if we have a market for our common stock, shares will be subject to the Penny Stock Reform Act which may affect your ability to sell your shares in any secondary market.


Penny Stock Reform Act. In October 1990 Congress enacted the Penny Stock Reform Act of 1990 to counter fraudulent practices common in penny stock transactions. Under Rule 3a51-1 of the Exchange Act a security will be defined as a “penny stock” unless it is:

·

listed on approved national securities exchanges;

·

a security registered or approved for registration and traded on a national securities exchange that meets specific guidelines, where the trade is effected through the facilities of that  national exchange;

·

a security listed on NASDAQ;

·

a security of an issuer that meets minimum financial  requirements; or

·

a security with a price of at least $5.00 per share in the  transaction in question or that has a bid quotation, as defined  in the Rule, of at least $5.00 per share.


Under the Penny Stock Reform Act, brokers and/or dealers, prior to effecting a transaction in a penny stock, will be required to provide investors with written disclosure documents containing information concerning various aspects involved in the market for penny stocks as well as specific information about the subject security and the transaction involving the purchase and sale of that security. Subsequent to the transaction, the broker will be required to deliver monthly or quarterly statements containing specific information about the subject security. These added disclosure requirements will most likely negatively affect the ability of purchasers herein to sell their securities in any secondary market


Rule 15g-9 promulgated under the Exchange Act imposes additional sales practice requirements on broker-dealers who sell penny stocks to persons other than established customers. For transactions covered by the rule, the broker-dealer must make a special suitability determination for the purchaser and receive the purchaser's written agreement to the transaction prior to the sale. Consequently, the rule may also affect the ability of purchasers in this offering to sell their securities in any secondary market. Newly adopted regulations will require a two-business day delay prior to execution of a trade in a penny stock by a broker dealer. These requirements may have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the penny stock rules.  






Possible Issuance of Additional Securities


We may need additional financing to grow our proposed business.  If we are able to raise additional funds and we do so by issuing equity securities, you may experience significant dilution of your ownership interest and holders of the new securities issued may have rights senior to those of the holders of our common stock.  If we obtain additional financing by issuing debt securities, the terms of these securities could restrict or prevent us from paying dividends and could limit our flexibility in making business decisions. In this case, the value of your investment could be reduced.


Transfer agent, warrant agent and registrar


The transfer agent, warrant agent and registrar for the Common stock is; American Registrar & Transfer Company, 342 East 900 South, Salt Lake City, UT 84110; telephone (801) 363-9065.








Shares Eligible for Future Sale


Upon completion of this Offering, America’s Driving Ranges, Inc. will have 50,000,000 shares of Common stock outstanding.  All shares sold in this offering will be freely transferableregistered and therefore will be able to be transferred without restriction or further registration under the Securities Act of 1933, as amended.  However, any share purchased by an affiliate (in general, a person who is in a control relationship with America’s Driving Ranges, Inc., will be subject to the limitations of Rule 144 promulgated under the Securities Act.  Of the 50,000,000 shares of Common stock that will outstanding, 40,000,000 shares of restricted stock were issued to our two directors as founders’ shares which will become eligible for resale in June 2009.


Under Rule 144 as currently in effect, a person (or persons whose shares are aggregated with those of others) whose restricted shares have been fully paid for and meet the rule's one year holding provisions, including persons who may be deemed affiliates of America’s Driving Ranges, Inc., may sell restricted securities in broker's transactions or directly to market makers, provided the number of shares sold in any three month period is not more than the greater of 1% of the total shares of common stock then outstanding or the average weekly trading volume for the four calendar week period immediately prior to each such sale.  After restricted securities have been fully paid for and held for one year, restricted securities may be sold by persons who are not affiliates of America’s Driving Ranges, Inc. without regard to volume limitations.  Restricted securities held by affiliates must continue, even after the two year holding period, to be sold in brokers' transactions or directly to market makers subject to the limitations described above.  Prior to this offering, no public market has existed for America’s Driving Ranges, Inc’s shares of common stock.  However, America’s Driving Ranges, Inc’s market maker will file an application for a quotation with the FINRA Bulletin Board, contingent upon the effectiveness of the registration statement of which this prospectus is a part.  No predictions can be made as to the effect, if any, that market shares or the availability of shares for sale will have on the market price prevailing from time to time.  The sale, or availability for sale, of substantial amounts of common stock in the public market could adversely affect prevailing market prices.






Rule 144, however, has beenas amended  effective February 15, 2008.  Under the new Rule 144,2008, provides that the holding period will decrease to six months after which resales can be made by affiliates if current public information is available, subject to volume limitations and manner of sale requirements, and subject to the filing of a Form 144.  Resales for non-affiliates under the amended Rule can be made after six months and are unlimited so long as current public information exists. After one year non-affiliates need not comply with Rule 144.


Prior to this registration, there has been no public trading market for the common stock and we cannot predict the effect, if any, that public sales of shares of common stock or the availability of shares for sale will have on the market prices of the common stock. Nevertheless, the possibility that a substantial amount of common stock may be sold in the public market may adversely affect prevailing market prices and could impair our ability to raise capital through the sale of its equity securities.


OTC Bulletin Board


We intend to apply to have our shares cleared for trading on the Over the Counter Bulletin Board (OTCBB).  We have not, as of the date of this prospectus, approached any broker-dealer regarding application for quotation on the OTCBB nor do we have a proposed symbol.


Holders


We currently have two shareholders.


Dividend Policy


America’s Driving Ranges, Inc. has never declared or paid cash dividends on its capital stock.  America’s Driving Ranges, Inc. currently intends to retain earnings, if any, to finance the growth and development of its business and does not anticipate paying any cash dividends in the foreseeable future.


Other Provisions

 

The validity of the Common stock offered will be passed upon for the Company by Henry Casden, Esq., Palm Desert, California.





INTERESTS OF NAMED EXPERTS AND COUNSEL


The Financial Statements of America’s Driving Ranges, Inc. as of September 30, 2008 included in this Prospectus and elsewhere in the Registration Statement have been audited by Moore & Associates, Chtd., independent public accountant for America’s Driving Ranges, Inc. as set forth in their reports thereon appearing elsewhere herein, and are included in reliance upon such reports, given upon the authority of such firm as experts in accounting and auditing.






Counsel is not receiving any contingent interest or shares in the Company and is being paid for legal services for legal services for the registration the sum of $10,000 when all of the shares herein have been sold and for additional legal services at fees to be agreed upon in the future.


DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION

FORSECURITIES ACT LIABILITIES.


Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to our directors, officers and controlling persons pursuant to the following provisions, or otherwise, we have 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 us of expenses incurred or paid by a director, officer or controlling person in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the shares being registered, we 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.



DESCRIPTION OF BUSINESS


The following discussion should be read in conjunction with America’s Driving Ranges, Inc. Financial Statements, including the Notes thereto appearing elsewhere in this Prospectus.


Company Overview, Business Development, History and Organization


America’s Driving Ranges, Inc. was organized on June 9, 2008 and has just recently commenced operations in June 2008.  America’s Driving Ranges, Inc. plans to erect a state of the art, high-tech golf practice and teaching facility plus full pro shop in Indio, California.  The site will be situated on approximately 10 acres.  The new facility will feature 40 driving range stations having climate compensating misters and heaters, full lighting for night usage, automatic ball dispensers, and computer aided video swing analysis.  There will be four practice, regulation holes, plus sand, chipping and putting practice areas.  A full professional and bi-lingual staff will be on hand to offer both English and Spanish instruction service to customers of all ages.


The Company’s web site has not been launched and has not been advertised or promoted yet. America’s Driving Ranges, Inc. has virtually no operations, assets or revenue and has net losses consisting of pre-operating and start up expenses, of $35,805.$10,805.  America’s Driving Ranges, Inc.’s common stock is not listed on any recognized exchange or quoted on any quotation medium.  There can be no assurance that its common stock will ever develop a market.









Plan of Operations-In General


America’s Driving Ranges, Inc.’s plan of operations is to promote the practice facilities the driving range itself.  AutomaticAccording to Golf Range Times Magazine (www.golfrangetimes.com) automatic ball spotters (automatic golf ball teeing devices,as described in Business Strategy section of Business Development on page 20 of this Prospectus) which the Company will install, have proven to increase the number of players by 10% and the number of balls hit in a given practice period by 37% according to the manufacturers of the equipment.  None of the competing facilities have offered this feature, nor do they offer bi-lingual teaching and service personnel to appeal to the broad spectrum of the market.






The Company intends a full pre-opening campaign including an exclusive story release by Golf News Magazine, formal local advertising and a direct call program on tour companies and major resorts.  The opening itself will have local government and business elite in attendance and be well covered by local media.  Continuing promotion will be via brochures and media advertising and direct calls on key resort facilities nearby.  A great deal of promotion will be done for children’s programs and senior citizen beneficial programs.


America’s Driving Ranges, Inc. presently has limitedno cash with which to satisfy any future cash requirements.  America’s Driving Ranges, Inc. will need a minimum of $100,000 to satisfy its cash requirements for the next 12 months.  In order to raise this minimum amount of capital, America’s Driving Ranges, Inc. depends on the success of this offering in selling at least 10% of the shares offered. If we are not successful in raising in selling at least 50% of the shares in this offering, we will have to seek a private placement of our stock or borrow from our principals.  We have not engaged in any private placements of our common stock to date.


Our minimum operating expenses are relatively low, and management expects that the  majority of proceeds from these offerings can be  invested in further development, promotion and advertising of the website, which should develop, within the next 12 months, sufficient  gross revenues, to support minimum operating overhead of less than $10,000 per month.  America’s Driving Ranges, Inc. does not anticipate any further research and development of any products, nor does it expect to incur any research and development costs. America’s Driving Ranges, Inc. does not expect the purchase or sale of plant or any significant equipment, other than provided for in the prospectus.  The golf equipment for rental and itdemo purposes is anticipated to be given to the Company as promotional items from such golf equipment companies as Nike, Taylor Made and Ping. Further, the Company does not anticipate any change in the number of its employees, with the exception of the fact that it intends to hire additional clerical employees. America’s Driving Ranges, Inc. has no current material commitments.  America’s Driving Ranges, Inc. has generated no revenue since its inception.


America’s Driving Ranges, Inc. has just recently commenced operations.  It has obtained a domain name for its web site, and is developing and will soon launch it.  The website is the first order of business for the company after our effective date for selling shares. It will be developed in accordance to the company’s specifications for $3,200 and be running within one week from the day the website designer begins work.  This is a priority item because of the wide use of the internet by our prospective customers and is the fastest and least expensive way to advertise.  The website will describe the proposed location of the project with artist renderings and elevations of the completed driving range.  It will also contain videos of existing automated driving ranges showing how the automated teeing machines work.  We expect to have visitors register for our grand opening and be our first customers.  






We will have a minimum overhead of $10,000 per month.  We conservatively expect to attract 100 customers a day.  These customers will hit at least one hundred balls at a cost of $0.05 per ball producing $500 per day in revenue.  That represents $15,000 per month or 33% more than required to pay our minimum overhead cost.


America’s Driving Ranges, Inc. has no current plans, preliminary or otherwise, to merge with any other entity.


America’s Driving Ranges, Inc. is still considered to be a development stage company, which has generated no revenue to date, and is dependent upon the raising of capital through placement of its common stock.  There can be no assurance that America’s Driving Ranges, Inc. will be successful in raising the capital it requires through the sale of its common stock.


Our market


Our market primarily includes golfers and golf enthusiasts in the Coachella Valley in North Indio area.


The Coachella Valley is one of the prime golf areas in the world.  There are over 90100 golf courses and four independent practice facilities in the market.  The population of this market is now in excess of 250,000 people, growing rapidly, and seasonal visitors number over 2 million people per year.  






Distribution methods of our service


The Company intends a full pre-opening campaign including an exclusive story release by Golf News Magazine,articles in local newspapers, formal local advertising and a direct call program on tour companies and major resorts.  TheWe contemplate that the opening itself will have local government and business elite in attendance and be well covered by local media.  Continuing promotion will be via brochures and media advertising and direct calls on key resort facilities nearby.  A great deal of promotion will be done for children’s programs and senior citizen beneficial programs.


Competitive business conditions; competitive position; methods of competition


The golf courses in the Coachella Valley in North Indio area have limited practice facilities which are generally for warm-up prior to regular play.  Of the four competitive sites, only two have lighting, and none offer the array of technically based services the Company will offer.  We will attract our competitor’s customers because we will have covered, heated and air conditioned hitting stations with automatic ball teeing machines.  We will be open day and night, offer golf lessons, discount golf equipment and snack bar.


Dependence on one or a few major customers


The Coachella Valley is one of the prime golf areas in the world.  ThereUnited States because there are over 90100 golf courses and four independent practice facilities in the market.market area and no other area has this concentration of golf facilities within a twelve mile radius of each other.  The Coachella Valley is the home of the Bob Hope Chrysler Classic on the PGA Tour, The Skins Game and many charitable golf tournaments held annually and other events open to the public using golf in their respective events.  The population of this market is now in excess of 250,000 people, growing rapidly, and seasonal visitors number over 2 million people per year.  Given these demographics we are not relying on one or a few major customers.






Patents, trademarks, licenses, franchises, concessions, royalty agreements, labor contracts


None.


Need for government approval


None.The property that is under negotiation is presently zoned for this type of use as a golf driving range but will need approval of all building designs and plans for development and construction of improvements.


Effects of existing or probable governmental regulations


None.


Research and development in the last two years


During the past two years, we spent no money on research.  All funds attributed to the development of our business have been included with our other operating expenses.


Costs and effects of compliance with environmental laws


None.


Number of employees


America’s Driving Ranges, Inc. presently employs John Birchard, its President and Director, and Chris Bellile, as its Chief Financial Officer, Secretary and Director who each devote approximately 25 hours per week, on the business of America’s Driving Ranges, Inc.





Reports to Security Holders


We have filed a Registration Statement on Form S-1 to which this Prospectus is made a part of with the Securities and Exchange Commission (“SEC”.)  Following the effective date of this registration statement we will be required to comply with the reporting requirements of the Securities and Exchange Act or 1934 (the “Exchange Act”.) We will file annual, quarterly and other reports with the SEC.


For further information, reference is made to the Registration Statement and to the exhibits filed therewith.  Copies of the complete Registration Statement, including exhibits may be examined at the office of the Securities and Exchange Commission at 100 F Street, NE, Washington, D.C. 20549, through the EDGAR database atwww.sec.gov or may be obtained from this office on payment of the usual fees for reproduction.  The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0300.  We are an electronic filer and will file annual, quarterly and other reports with the Securities and Exchange Commission, which will also be available atwww.sec.gov.






MANAGEMENT’S DISCUSSION AND ANAYLSIS OF FINANCIAL CONDITION AND PLAN OF OPERATION


BUSINESS STRATEGY


In Generalgeneral.  The Company has located a site to lease on a long term basis in the Coachella Valley in North Indio to erect a state of the art, high-tech golf practice and teaching facility plus full pro shop.  The site is approximately 10 acres in size. The facility will feature 40 driving range stations having climate compensating misters/heaters, full lighting for night usage, automatic ball spotters, and computer aided video swing analysis.  There will be four practice, regulation holes, plus sand, chipping and putting practice areas.  A full professional and bi-lingual staff will be on hand to offer both English and Spanish instruction service to customers of all ages.


Market and Competition.  The Coachella Valley is one of the prime golf areas in the world.  There are over 90100 golf courses and four independent practice facilities in the market.  The population of this market is now in excess of 250,000 people, growing rapidly, and seasonal visitors number over 2 million people per year.  The golf courses have limited practice facilities which are generally for warm-up prior to regular play.  Of the four competitive sites, only two have lighting, and none offer the array of technically based services the Company will offer.


Business Development.  The key to the profitability of practice facilities is the driving range itself.  AutomaticThis is due to selling the same product over and over again for the same price.  Golf balls sold to customers to hit are still the property of the Company.  A practice range golf ball will cost the company an average of $0.25 and will withstand 200 plus hits.  At 0.05 per hit, gross proceeds per ball can exceed $10.00 for a $.0.25 investment.  The pro shop will generate profit as well but nothing compared to the driving range.  According to Golf Range Times Magazine (www.golfrangetimes.com) automatic ball spotters (automated teeing devices), which the Company will install, have proven to increase the number of players by 10% and the number of balls hit in a given practice period by 37%.  None of the competing facilities have offered this feature, nor do they offer bi-lingual teaching and service personnel to appeal to the broad spectrum of the market.


The Company intends a full pre-opening campaign including an exclusive story release by Golf News Magazine, formal local advertising and a direct call program on tour companies and major resorts.  The opening itself will have local government and business elite in attendance and be well covered by local media.  Continuing promotion will be via brochures and media advertising and direct calls on key resort facilities nearby.  A great deal of promotion will be done for children’s programs and senior citizen beneficial programs.






Critical AccountingEstimates Estimates


The preparation of financial statements in conformity with accounting principals generally accepted in the United States of America required 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. On an on-going basis, we evaluate our estimates, based on historical experience, and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.  Actual results could differ from those estimates.






Results of Operations for the period ended September 30, 2008


America’s Driving Ranges, Inc. was incorporated on June 9, 2008, and as such has no meaningful results of operations for the period ended September 30, 2008.


Commitment and Contingencies


We have no leases in place.


Off-Balance Sheet Arrangements


None.


Liquidity and Capital Resources - Plan of Operation for the Next Twelve Months


Cash Flows and Capital Resources


America’s Driving Ranges, Inc. presently has no cash with which to satisfy any future cash requirements.  America’s Driving Ranges, Inc. will need a minimum of $100,000 to satisfy its cash requirements for the next 12 months.  In order to raise this minimum amount of capital, America’s Driving Ranges, Inc. depends on the success of this offering in selling at least 10% of the shares offered. If we are not successful in raising in selling at least 50% of the shares in this offering, we will have to seek a private placement of our stock or borrow from our principals.  We have not engaged in any private placements of our common stock to date.


Our minimum operating expenses are relatively low, and management expects that the majority of proceeds from these offerings can be invested in further development, promotion and advertising of the website, which should develop, within the next 12 months, sufficient  gross revenues, to support minimum operating overhead of less than $10,000 per month.  America’s Driving Ranges, Inc. does not anticipate any further research and development of any products, nor does it expect to incur any research and development costs. America’s Driving Ranges, Inc. does not expect the purchase or sale of plant or any significant equipment, and it does not anticipate any change in the number of its employees, with the exception of the fact that it intends to hire additional clerical employees. America’s Driving Ranges, Inc. has no current material commitments.  America’s Driving Ranges, Inc. has generated no revenue since its inception.  We conservatively expect to attract 100 customers a day.  These customers will hit at least one hundred balls at a cost of $0.05 per ball producing $500 per day in revenue.  That represents $15,000 per month or 33% more than required to pay our minimum overhead cost.







DESCRIPTION OF PROPERTY


America’s Driving Ranges, Inc. is in the process of negotiating a long term lease for the use of 10 acres of land in North Indio, California for the driving range.


America’s Driving Ranges, Inc. mailing address is 78-36578365 Hwy 111, #287, La Quinta, CA 92253.  The telephone number of its principal executive office is (760) 360-9547.






Our e-commerce website will be located at www.americasdrivingranges.com.


The registered and records office of the company is located at 5940 South Rainbow Blvd., Las Vegas, NV 89118.


The executive office is currently being given to the company at no charge and there are no leases in place. Until such time as it becomes necessary to hire staff, the company has no plans to lease space or purchase any property. Management utilizes space in their own homes to complete day-to-day administrative tasks.



CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS


Transactions with Management and Others


Since Inception on June 9, 2008, the following transactions, series of similar transactions, currently proposed transactions, or series of currently proposed similar transactions, to which we were or are to be a party, in which the amount involved exceeded either $120,000 or one percent of the average of our total assets at the year end of our last three fiscal years, whichever is less, and in which any director or executive officer, or any security holder who is known to us to own of record or beneficially more than five percent of our common stock, or any member of the immediate family of any of the foregoing persons is a party are as follows:


America’s Driving Ranges, Inc.’s management received 40,000,000 shares or restricted stock as compensation for contributing the business plan to the company and for future services. These 40,000,000 shares have been accepted as full compensation for management's services for the first year of operation.  John Birchard, President and Director received 20,000,000 shares for his services and future services to the Company including developing the business plan for the company, devoting the time and skill necessary to design the project and negotiate with the land owners for the lease and all other miscellaneous administrative matters on behalf of the Company valued at $100,000 valuing his time at $100 per hour.  Chris Bellile, Secretary, Chief Financial Officer, Controller and Director received 20,000,000 shares for her services and future services to the Company including developing along with John Birchard, the business plan for the company, devoting the time and skill necessary to design the project and negotiate with various vendors and undertaking various administrative matters on behalf of the Company also valued at $100,000 also valuing her time at $100 per hour.


John Birchard and Chris Bellile have each loaned the Company the sum of $2,000 each for a total of $4,000 for monies to use to get the Company started and to pay for various out of pocket expenses.  It will be repaid by the Company at such time as the Company is able to make such payment to them.



EXECUTIVE COMPENSATION

.

The following table sets forth the cash and non-cash compensation paid by the Company to its President and all other executive officers for services rendered to date.  No salaries are being paid at the present time.  There were no grants of options or SAR grants given to any executive officers during the current fiscal year.







Annual Compensation


Name and Position

Salary

Bonus

Deferred Salary

John Birchard, PGA

$                    -

$                    -

$                    -

Chris Bellile

$                    -

$                    -

$                    -








America’s Driving Ranges, Inc. has made no provisions for cash compensation to its officers and directors. America’s Driving Ranges, Inc.’s management received 40,000,000 shares or restricted stock as compensation for contributing the business plan to the company and for future services. These 40,000,000 shares have been accepted as full compensation for management's services for the first year of operation.


SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS


The following table presents certain information regarding beneficial Ownership of America’s Driving Ranges, Inc.’s common stock as of September 30, 2008, by (i) each person known by America’s Driving Ranges, Inc. to be the beneficial owner of more than 5% of the outstanding shares of Common stock, (ii) each director of America’s Driving Ranges, Inc., (iii) each Named Executive Officer and (iv) all directors and executive officers as a group. Unless otherwise indicated, each person in the table has sole voting and investment power as to the shares shown.


Name and Address ofBeneficial Owner

Shares BeneficiallyOwned

Percent Before Offering

Percent After Offering

Shares Beneficially Owned

Percent Before

Offering

Percent After

Offering


John Birchard, PGA

78-650 Saguaro Dr.

La Quinta, CA 92253

20,000,000

50%

40%

20,000,000

50%

40%

 

 

 

 

Chris Bellile

68-269 Pasada Road

Cathedral City, CA 92234

20,000,000

50%

40%

20,000,000

50%

40%

 

 

 

 

Officers and Directors as a Group

40,000,000

100%

80%

40,000,000

100%

80%

 

 

 

 


(1)  The above table is based on current outstanding shares of 40,000,000.


All Compensation


None of our named officers and directors has received any compensation (including deferred compensation, restricted stock compensation, long term incentive compensation or other) during the last three completed fiscal years


Options/SAR’s/LTIP’s


None.


Employment Contracts


We currently have no employment agreements or compensatory plan or arrangement in effect with our officers/directors.




sole officer/director.






Termination of Employment or Change in Control Arrangements


None.


Compensation Arrangements of Services Provided as a Director


We have no arrangements with our sole director for compensation regarding service on the board nor has either of our directors received any compensation for service on our board during the last fiscal year.





CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE


There have been no changes in or disagreements with our certified public accountants on accounting matters or financial disclosure.


FINANCIAL STATEMENTS


The following financial statements begin on the next page:

  

§

America’s Driving Ranges, Inc. Financial Statements – September 30, 2008 (Audited)

Report of Independent Registered Public Accounting Firm

F-1

Balance Sheet – September 30,  2008

F-2

Statements of Operations for the period ended September 30, 2008,

    the three months ended September 30, 2008, and the

    period June 9, 2008 (Inception) to September 30, 2008

F-3

Statement of Changes in Stockholders’ Deficit for the period June 9, 2008

    (Inception)  to September 30, 2008

F-4

Statements of Cash Flows for the period Ended September 30, 2008

    and the period June 9, 2008 (Inception) to September 30, 2008

F-5

Notes to the Financial Statements

F-6





2325






MOORE & ASSOCIATES, CHARTERED

           ACCOUNTANTS AND ADVISORS

PCAOB REGISTERED



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors

America's Driving Ranges, Inc.

(A Development Stage Company)


We have audited the accompanying balance sheet of America's Driving Ranges, Inc. (A Development Stage Company) as of September 30, 2008, and the related statements of operations, and stockholders’ equity and cash flows for the three months ended September 30, 2008 and from inception on June 9, 2008 through September 30, 2008, and statement of cash flows from inception on June 9, 2008 through September 30, 2008. 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 conduct 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 America's Driving Ranges, Inc. (A Development Stage Company) as of September 30, 2008, and the related statements of operations, and stockholders’ equity and cash flows for the three months ended September 30, 2008 and from inception on June 9, 2008 through September 30, 2008, and statement of cash flows from inception on June 9, 2008 through September 30, 2008, 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. As discussed in Note 4 to the financial statements, the Company has no source of revenue sufficient to cover its operating costs, which raises substantial doubt about its ability to continue as a going concern. Management’s plans concerning these matters are also described in Note 4. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.


/s/ Moore & Associates, Chartered


Moore & Associates Chartered

Las Vegas, Nevada

October 21,December 23, 2008



2675 S. Jones Blvd. Suite 109, Las Vegas, NV 89146 (702) 253-7499 Fax (702) 253-7501





AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

BALANCE SHEET


 

 

September 30, 2008

 

 

 

ASSETS

 

 

CURRENT ASSETS

 

 

     Cash

$

                   3,304 

          Total Current Assets

 

3,304 

 

 

 

                 Total Assets

$

                   3,304 

 

 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

CURRENT LIABILITIES

 

 

         Accounts payable

$

35,00010,000 

         Accrued expenses

 

         Loan payable, shareholder

 

100 

              Total Current Liabilities

 

35,10910,109 

 

 

 

Loan payable

 

4,000 

               Total liabilities

 

39,10914,109 

 

 

 

Commitments and contingencies

 

 

 

 

 

STOCKHOLDERS' DEFICIT

 

 

     Common stock

 

 

         100,000,000 shares authorized at $.001 par value,

 

 

         40,000,000 issued and outstanding at

 

 

         September 30, 2008

 

40,000 

     Additional paid-in capital

 

(40,000)

     Accumulated deficit during the development stage

 

(35,805)(10,805)

          Total Stockholders' Deficit

 

(35,805)(10,805)

 

 

 

                    Total Liabilities and Stockholders' Equity

$

                   3,304 







The accompanying notes are an integral part of these financial statements






AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

STATEMENTS OF OPERATIONS

For the Three Month Period Ended September 30, 2008 and the

Period June 9, 2008 (date of inception) to September 30, 2008


 

 

 

 

 

 

 

 


Three Mos.

Ended

 

 

June 9, 2008

(Inception)

 


Three Mos.

Ended

 

 

June 9, 2008

(Inception)

 

 

Sept. 30,

 

to Sept. 30,

 

Sept. 30,

 

to Sept. 30,

 

 

2008

 

2008

 

2008

 

2008

 

 

 

 

 

 

REVENUES

 

 

 

 

 

 

 

 

EXPENSES

 

 

 

 

 

 

 

 

 

 

 

 

General, selling andadministrative expenses

 

 

35,783 

 

35,796 

 

10,783 

 

10,796 

 

 

 

 

 

 

NET OPERATING INCOME (LOSS)

 

 

(35,783)

 

(35,796)

 

(10,783)

 

(10,796)

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

(9)

 

(9)

 

(9)

 

(9)

 

 

 

 

 

 

NET LOSS

 

(35,792)

(35,805)

 

(10,792)

(10,805)

 

 

 

 

 

 

NET LOSS PER COMMON SHARE

 

 

 

 

 

 

Basic and diluted

 

(0.00)

 

 

 

(0.00)

 

 

 

 

 

 

 

WEIGHTED AVERAGE OUTSTANDINGSHARES

 

 

 

40,000,000 

 

 

 

40,000,000 

 
















The accompanying notes are an integral part of these financial statements.






AMERICA’S DRIVING RANGES, INC.

Development Stage Company

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY

For the Period June 9, 2008 (date of inception) to September 30, 2008


 

 

 

 

Accumulated

 

 

 

 

Accumulated

 

 

 

 

 

Deficit

 

 

 

 

Deficit

 

 

 

Additional

 

During

 

 

 

 

Additional

 

During

 

Common Stock

 

Paid-In

 

Development

 

 

Common Stock

 

Paid-In

 

Development

 

Shares

 

Amount

 

Capital

 

Stage

 

Total

Shares

 

Amount

 

Capital

 

Stage

 

Total

Balance June 9, 2008

 

 

 

 

 

 

 

 

 

 

(date of inception)

$

$

$

$

-

$

$

$

$

-

 

 

 

 

 

 

 

 

 

 

Issuance of common stock

 

 

 

 

 

 

 

 

 

for founders shares, June 9, 2008

 

40,000,000

 

 

40,000 

 

 

(40,000)

 

 

-

 

 

-

Issuance of common stock for

 

founders shares, June 9, 2008

40,000,000

 

40,000 

 

(40,000)

 

-

 

-

 

 

 

 

 

 

 

 

 

 

Net loss at September 30, 2008

 

-

 

 

-

 

 

-

 

 

(35,805)

 

 

(35,805)

-

 

-

 

-

 

(10,805)

 

(10,805)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance September 30, 2008

 

40,000,000 

 

$

 

40,000 

 

$

 

(40,000)

 

$

 

(35,805)

 

$

 

(35,805)

40,000,000 

$

40,000 

$

(40,000)

$

(10,805)

$

(10,805)






























The accompanying notes are an integral part of these financial statements







AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

STATEMENTS OF CASH FLOWS

For the Period June 9, 2008 (date of inception) to September 30, 2008


 

 

 

 

From

 

 

 

 

Jun 9, 2008

 

 

 

 

(Inception) to

 

 

 

 

Sept. 30, 2008

CASH FLOWS FROM OPERATING ACTIVITIES:

 

 

 

 

Net income (loss)

 

 

$

(35,805)(10,805)

Adjustments to reconcile net income (loss) to net cash

 

 

 

 

   provided by operating activities

 

 

 

 

 

 

 

 

 

Changes in assets and liabilities:

 

 

 

 

          Accounts payable

 

 

 

35,00010,000 

          Accrued expenses

 

 

 

               Net cash used in operating activities

 

 

 

(796)

 

 

 

 

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

CASH FLOWS FROM FINANCING ACTIVITIES:

 

 

 

 

      Loans payable

 

 

 

100 

      Loans payable, shareholder

 

 

 

4,000 

               Net cash provided by financing activities

 

 

 

4,100 

 

 

 

 

 

              Net Change in Cash

 

 

 

3,304 

 

 

 

 

 

              Cash at Beginning of Period

 

 

 

 

 

 

 

 

              Cash at End of Period

 

 

$

3,304 

 

 

 

 

 

CASH PAID FOR:

 

 

 

 

       Interest

 

 

$

       Income taxes

 

 

$

 

 

 

 

 

NON-CASH FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

  Issuance of 40,000,000 common shares as founders’ shares

 

 

$

40,000 





The accompanying notes are an integral part of these financial statements.






AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

September 30, 2008


1.

ORGANIZATION


America’s Driving Ranges, Inc. (the “Company”) was incorporated in the state of Nevada on June 9, 2008 for the purposes of establishing a golf practice facility and driving range.  


The Company is considered a development stage company.  The accompanying financial statements have been prepared in accordance with the Statement of Financial Accounting Standards No.7 (“SFAS”) "According and Reporting by Development-Stage Enterprises." A development-stage enterprise in one in which planned principal operations has not commenced or if its operations have commenced, there has been no significant revenues there from.


The Company's fiscal year end is December 31st.


2.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


Accounting Methods


The Company recognizes income and expenses based on the accrual method of accounting.


Advertising


The Company expenses advertising when incurred.  Since inception the Company has had no advertising.


Use of Estimates  


The preparation of financial statements in conformity with generally accepted accounting principles in the United States 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. Actual results could differ from those estimates.


Fair value of financial instruments


Financial Accounting Standards Statement No. 107, "Disclosure about Fair Value of Financial Instruments", requires the Company to disclose, when reasonably attainable, the fair market value of its assets and liabilities with are deemed to be financial instruments.  The carrying amount and estimated fair values of the Company's financial instruments approximated their fair value due to their short-term nature.










AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS (Continued)

September 30, 2008


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)


Income Taxes


The Company accounts for its income taxes in  accordance with Statement of Financial Accounting Standards (“SFAS”) No. 109 “Accounting for Income Tax”, which requires recognition of deferred tax assets and liabilities for future tax consequences attributable to differences between the  financial statement carrying amounts of existing assets and liabilities and their respective tax bases and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities or a change in tax rate is recognized in income in the period that includes the enactment date.


The Company has adopted FASB Interpretation (“FIN”) No. 48, “Accounting for Uncertainty in Income Taxes”, which supplements SFAS No. 109, “Accounting for Income Taxes,” by defining the confidence level that a tax position must meet in order to be recognized in the financial statements.  The Interpretation requires that the tax effects of a position be recognized only if it is “more-likely-than-not” to be sustained based solely on its technical merits as of the reporting date.  The more-likely-than-not threshold represents a positive assertion by management that a company is entitled to the economic benefits of a tax position.  If a tax position is not considered more-likely-than-not to be sustained based solely on its technical merits no benefits of the tax position are to be recognized.  Moreover, the more-likely-than-not threshold must continue to be met in each reporting period to support continued recognition of a benefit.  With the adoption of FIN 48, companies are required to adjust their financial statements to reflect only those tax positions that are more-likely-than-not to be sustained.  Any necessary adjustment would be recorded directly to retained earnings and reported as a change in accounting principle.


Financial and Concentrations Risk


The Company does not have any concentration or related financial credit risk.


Basic and Diluted Net Income (Loss) Per Share


Basic loss per share excludes any dilutive effect of options, warrants and convertible securities.  Basic loss per share is computed using the weighted-average number of outstanding common stocks during the applicable period.  Diluted earnings per share are computed using the weighted-average number of common and common stock equivalent shares outstanding during the period. Common stock equivalent shares are excluded from the computation if their effect is anti-dilutive.


As of the date of these financial statements the Company had no dilutive shares.







AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS (Continued)

September 30, 2008


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)


Statement of Cash Flows


For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.  As of the date of these financial statements the Company had no cash equivalents.


Recent Accounting Pronouncements


In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51” (“SFAS No. 160”). SFAS 160 requires companies with noncontrolling interests to disclose such interests clearly as a portion of equity but separate from the parent’s equity. The noncontrolling interest’s portion of net income must also be clearly presented on the Income Statement. SFAS 160 is effective for financial statements issued for fiscals years beginning after December 15, 2008 and will be adopted by the Company in the first quarter of fiscal year 2009. We do not expect that the adoption of SFAS 160 will have a material impact on our financial condition or results of operation.


In March 2008, the FASB issued SFAS No. 161, "Disclosures about Derivative Instruments and Hedging Activities - an amendment of FASB Statement No. 133," as amended and interpreted, which requires enhanced disclosures about an entity's derivative and hedging activities and thereby improves the transparency of financial reporting.  Disclosing the fair values of derivative instruments and their gains and losses in a tabular format provides a more complete picture of the location in an entity's financial statements of both the derivative positions existing at period end and the effect of using derivatives during the reporting period.  Entities are required to provide enhanced disclosures about: (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted for under Statement 133 and its related interpretations, and (c) how derivative instruments and related hedged items affect an entity's financial position, financial performance, and cash flows.  SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008.  Early adoption is permitted.  We does not expect that the adoption of SFAS No. 161 will have a material impact on its financial condition or results of operation


In May 2008, the FASB issued SFAS No. 162, "The Hierarchy of Generally Accepted Accounting Principles."  SFAS No. 162 identifies the sources of accounting principles and the framework for selecting the principles used in the preparation of financial statements of non-governmental entities that are presented in conformity with generally accepted accounting principles in the United States of America.  SFAS No. 162 will be effective 60 days after the Securities and Exchange Commission approves the Public Company Accounting Oversight Board's amendments to AU Section 411.  We do not expect that the adoption the adoption of SFAS No. 162 will have an impact on its financial statements.





AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS (Continued)

September 30, 2008


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(continued)


Recent Accounting Pronouncements (continued)


In May 2008, the FASB issued SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts - an interpretation of FASB Statement No. 60."  SFAS No. 163 requires that an insurance enterprise recognize a claim liability prior to an event of default (insured event) when there is evidence that credit deterioration has occurred in an insured financial obligation.  This Statement also clarifies how SFAS No. 60 applies to financial guarantee insurance contracts, including the recognition and measurement to be used to account for premium revenue and claim liabilities. Those clarifications will increase comparability in financial reporting of financial guarantee insurance contracts by insurance enterprises. This Statement requires expanded disclosures about financial guarantee insurance contracts.  The accounting and disclosure requirements of the Statement will improve the quality of information provided to users of financial statements.  SFAS No. 163 will be effective for financial statements issued for fiscal years beginning after December 15, 2008.  We do not expect that the adoption of SFAS No. 163 will have a material impact on its financial condition or results of operation.


In June 2008, the FASB issued FASB SP EITF 03-6-1, "Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities."  SP EITF 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting, and therefore need to be included in the computation of earnings per share under the two-class method as described in SFAS No. 128, "Earnings per Share."  SP EITF 03-6-1 is effective for financial statements issued for fiscal years beginning on or after December 15, 2008 and earlier adoption is prohibited.  The Company is required to adopt SP EITF 03-6-1 in the first quarter of 2009 and is currently evaluating the impact that SP EITF 03-6-1 will have on its financial statements.


3.  COMMON STOCK


The Company’s authorized common stock is 100,000,000 common shares with $.001 par value.  As of September 30, 2008, the Company has 40,000,000 shares of common stock issued and outstanding.


In June 2008, the Company issued 40,000,000 shares of its common stock to its two directors as founders’ shares for contributing to the Company’s business plan and for the first year of services.







AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO THE FINANCIAL STATEMENTS (Continued)

September 30, 2008


4.  GOING CONCERN


The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern.  This contemplates the realization of assets and the liquidation of liabilities in the normal course of business.  Currently, the Company does not have significant cash or other material assets, nor does it have operations or a source of revenues sufficient to cover its operational costs and allow it to continue as a going concern.  The officers and directors have committed to advancing certain operating costs of the Company in order to execute the Company’s business plan.


5.  NOTE PAYABLE


In September 2008, the Company entered into a promissory note for $4,000 due in 2010 which carried 10% interest.  No assets of the company have been pledged in association with this note.


6.  INCOME TAXES


We did not provide any current or deferred U.S. federal income tax provision or benefit for the period presented because we have experienced operating losses since inception. Per SFAS No. 109 “Accounting for Income Tax “and FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No.109”, when it is more likely than not that a tax asset cannot be realized through future income, the Company must allow for this future tax benefit.  We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carryforward period.


The components of the Company’s deferred tax asset as of September 30, 2008 are as follows:


 

2008

Net operating loss carryforward  at 35%

$             12,532 

Valuation allowance

(12,532)

Net deferred tax asset

$                      - 

 

 


A reconciliation of income taxes computed at the statutory rate to the income tax amount recorded is as follows:  


2008

 

Since Inception

2008

 

Since Inception

Tax at statutory rate (35%)

$                12,532 

 

$                     12,532 

$             12,532 

 

$             12,532 

Increase in valuation allowance

(12,532)

 

(12,532)

(12,532)

 

(12,532)

Net deferred tax asset

$                         - 

 

$                              - 

$                      - 

 

$                      - 







AMERICA’S DRIVING RANGES, INC.

(A Development Stage Company)

NOTES TO THE FINANCIAL STATEMENTS (Continued)

September 30, 2008


6.  INCOME TAXES (Continued)


Upon adoption of FIN 48 at the date of inception, the Company had no gross unrecognized tax benefits that, if recognized, would favorably affect the effective income tax rate in future periods. At September 30, 2008, the amount of gross unrecognized tax benefits before valuation allowances and the amount that would favorably affect the effective income tax rate in future periods after valuation allowances were $0. These amounts consider the guidance in FIN 48-1, “Definition of Settlement in FASB Interpretation No. 48”. The Company has not accrued any additional interest or penalties as a result of the adoption of FIN 48.  


No tax benefit has been reported in connection with the net operating loss carry forwards in the financial statements as the Company believes it is more likely than not that the net operating loss carry forwards will expire unused. Accordingly, the potential tax benefits of the net operating loss carry forwards are offset by a valuation allowance of the same amount. Net operating loss carry forwards start to expire in 2018.  This carry forward may be limited upon the consummation of a business combination under IRC Section 381.


The Company files income tax returns in the United States federal jurisdiction and certain states in the United States.  The Company will file its first U.S. federal return for the year ended December 31, 2008 in 2009. Once filed, this U.S. federal return will be considered an open tax year.  As the Company has filed no tax returns, no tax returns are currently under examination by any tax authorities.  The Company has not accrued any additional interest or penalties as a result of the adoption of FIN 48 or the delinquency of our outstanding tax returns as we have incurred net losses in those periods still outstanding.


7. RELATED PARTY TRANSACTIONS


The Company neither owns nor leases any real or personal property.  An officer or resident agent of the corporation provides office services without charge.  Such costs are immaterial to the financial statements and accordingly, have not been reflected therein.  The officers and directors for the Company are involved in other business activities and may, in the future, become involved in other business opportunities.  If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interest.  The Company has not formulated a policy for the resolution of such conflicts. As of September 30, 2008 the company owed officers $100 which are due on demand.






 




OUTSIDE BACK PAGE OF PROSPECTUS


Prospective investors may rely only on the information contained in this prospectus.  America’s Driving Ranges, Inc. has not authorized anyone to provide prospective investors with different or additional information.  This Prospectus is not an offer to sell nor is it seeking an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. The information contained in this prospectus is correct only as of the date of this prospectus, regardless of the time of the delivery of this prospectus or any sale of these securities


TABLE OF CONTENTS                       


Inside Front Page of Prospectus

 

 

Prospectus Summary  …………………………………

 3

 

Risk Factors …………………………………………...

 5

 

Use of Proceeds  ………………………………………

 9

 

Determination of Offering Price………………………

 911

 

Dilution

1011

 

Plan of Distribution……………………………………

1011

 

Legal Proceedings

1112

 

Directors, Executive Officers, Promoters and Control Persons…………………………………………………


1112

PROSPECTUS

Description of Securities………………………………

1213

10,000,000 Common Shares

Market for Common Equity and Related Stockholders Matters…………………………………………………

1314

 

Interests of Named Experts and Counsel……………...

1517

OctoberDecember __ , 2008

Disclosure of Commission Position on Indemnification for Securities Act Liabilities…………………………..


1617

 

Description of Business……………………………….

1617

 

Managements Discussion and Analysis of Financial Condition and Plan of Operation   ……………………


1921

 

Description of Property………………………………..

2122

 

Certain Relationships and Related Party Transactions

21

Executive Compensation………………………………

2123

 

Security Ownership of Certain Beneficial Owners and Management…………………………………………..


2223

Executive Compensation………………………………

24

 

Changes In and Disagreements With Accountants …...

2325

 

Financial Statements…………………………………..

2325

 


There are no broker dealers employed by the Company for the sale of the Shares offered pursuant to this Prospectus.









PART II


INFORMATION NOT REQUIRED IN PROSPECTUS


ITEM 13.  OTHER EXPENSES OF ISSUANCE OF AND DISTRIBUTION.


The following table indicates the expenses to be incurred in connection with the offering described in this registration statement, all of which will be paid by America’s Driving Ranges, Inc. All amounts are estimates, other than the Securities and Exchange Commission registration fee.


Securities and Exchange Commission registration fee

$     100

Printing and engraving expenses

         50

Accounting fees and expenses

  10,000

Legal fees and expenses (other than Blue Sky)

  35,000

Blue sky fees and expenses (including legal

  and filing fees)

    1,000

Miscellaneous expenses

    1,000

              Total

$ 47,150


ITEM 14.  INDEMNIFICATION OF DIRECTORS AND OFFICERS.


The statutes, charter provisions, bylaws, contracts or other arrangements under which controlling persons, directors or officers of the registrant are insured or indemnified in any manner against any liability which they may incur in such capacity are as follows:


Section 78.751 of the Nevada Business Corporation Act provides that each corporation shall have the following powers regarding indemnification:


1)

A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership,  joint venture, trust or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection  with the action, suit or proceeding if he acted in good faith and in a manner which he reasonably believed to be in or not opposed  to the best interest of the corporation, and, with respect to any  criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.  The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, does not, of itself create a presumption that the person did not act in good faith and in a manner which he 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, he had reasonable cause to believe that his conduct was unlawful.  


2)

A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a



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director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other



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enterprise against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him in connection with  the defense or settlement of the action or suit if he acted in good faith and in a manner which he reasonably believed to be in  or not opposed to the best interests of the corporation.  Indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals there from, to be liable to the corporation or for amounts paid in settlement tothe corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction, determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity such expenses as the court deems proper.


3)

To the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections 1 and 2, or in defense of any claim, issue or matter therein, he must be indemnified by the corporation against expenses, including attorneys' fees, actually and reasonably incurred by him in connection with the defense.


4)

Any indemnification under subsections 1 and 2, unless ordered by a court or advanced pursuant to subsection 5, must be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances.  The determination must be made:


a)

By the stockholders;

b)

By the board of directors by majority vote of a quorum consisting of directors who were not parties to the act, suit or proceeding;

c)

If a majority vote of a quorum consisting of directors who were not parties to the act, suit or proceeding so orders, by independent legal counsel, in a written opinion; or if a quorum consisting of directors who were not parties to the act, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.

d)

The certificate or articles of incorporation, the bylaws or an agreement made by the corporation may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by the  corporation.  The provisions of this subsection do not affect any rights to advancement of expenses to which corporate personnel other than directors or officers may be entitled under any contract or otherwise by law.


5)

The indemnification and advancement of expenses authorized in or ordered by a court pursuant to this section:


a)

Does not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the certificate or articles of incorporationor any bylaw, agreement, vote of stockholders of disinterested directors or otherwise, for either an action in his official capacity or an action in another capacity while holding his office, except that indemnification, unless ordered by a court pursuant to subsection 2 or



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for the advancement of expenses made pursuant to subsection 5,  may not be made to or on behalf of any director or officer if a final adjudication establishes that his acts or omissions involved intentional misconduct, fraud or a knowing violation of the law and was material to the cause  of action.



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b)

Continues for a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors and administrators of such a person.


Article VII of our Amended Restated Articles of Incorporation specifically limits liability of our officers and directors and states:


“A director or officer of the Corporation shall have no personal liability to the Corporation or its stockholders for damages for breach of fiduciary duty as a director or officer, except for damages for breach of fiduciary duty resulting from (a) acts or omissions which involve intentional misconduct, fraud, or a knowing violation of law, or (b) the payment of dividends in violation of section 78.300 of the Nevada Revised Statutes as it may from time to time be amended or any successor provision thereto.”

Article X, Sections 1 though 7, of our Bylaws also provides specific indemnification provisions for our officers, directors, employees and or agents to the fullest extent of the law.

ITEM 15.  RECENT SALES OF SECURITIES


America’s Driving Ranges, Inc.’s management received 40,000,000 shares or restricted stock as compensation for contributing the business plan to the company and for future services. These 40,000,000 shares have been accepted as full compensation for management's services for the first year of operation.  These shares were valued at par value of $0.001.


ITEM 16.  EXHIBITS


Exhibit

Number

Exhibit Name

3.1

Articles of Incorporation  (1)

3.2

Bylaws (1)

4.1

Specimen Stock Certificate (1)

5.1

Opinion and Consent of Henry C. Casden, Esq.

23.1

Consent of Independent Accountant

23.2

Consent of Henry C. Casden (Contained in Exhibit 5.1)

99.1

Subscription Agreement (1)



II-3 (1) Previously filed with initial  Registration Statement on Form S-1 on October 31, 2008.







ITEM 17.  UNDERTAKINGS.


a.

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:

i.

To include any prospectus required by  Section 10 (a)(3) of the Securities Act of 1933;

ii.

To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration



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statement. Notwithstanding the foregoing, 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 prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement.

iii.

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 of 1933, 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.

4.

That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

A.

Each prospectus filed by the registrant shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and



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B.

Each prospectus required to be filed as part of a registration statement in reliance on Rule 430B relating to an offering for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. 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 effective date, supersede or modify any



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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 effective date; or

ii.

 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.

5.

That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant 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 registrant will be a



II-5






seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

i.

Any preliminary prospectus or prospectus of the undersigned registrant 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 registrant or used or referred to by the undersigned registrant;

iii.

The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

iv.

Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.



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SIGNATURES


In accordance with the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-1/A2 and authorized this registration statement to be signed on its behalf by the undersigned, in the City of Palm Desert, State of California, on October 25, 2008.December 19, 2008 ..


Pursuant to the requirements of section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, there unto duly notarized



 

AMERICA’S DRIVING RANGES, INC.


By:/s/ John Birchard, PGA

John Birchard,

Principal Executive Officer, President and

Director

Date:   October 25,December 19, 2008


By:/s/ Chris Bellile

Chris Bellile,

Chief Financial Officer, Secretary and

Director

Date:   October 25,December 19, 2008


Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereto duly authorized in the City of Palm Desert, State of California on October 25, 2008.December 19, 2008 ..


AMERICA’S DRIVING RANGES, INC.


Registrant

By John Birchard, PGA

President and Director


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.



NAME

TITLE

                          

 DATE                


/s/ John Birchard, PGA

President, Principal Executive

October 25,December 19, 2008

John Birchard

 

Officer, and Director


/s/ Chris Bellile

Chief Financial Officer, Secretary,

October 25,December 19, 2008

Chris Bellile

 

and Director


 




II-7II-6