united states securities and exchange commission washington dc 20549 form 10 k x annual report pursuant to section 13 or 15 d of the act 1934 for fiscal year ended march 31 2006 transition period from _________ to__________ file number 1 7201 exact name registrant as specified in its charter delaware 33 0379007 state other jurisdiction incorporation organization irs employer identification 801 17 th avenue south myrtle beach carolina 29577 address principal executive offices zip code 843 448 9411 s telephone including area registered 12 b title each class on which common stock 01 par value per share new york g none indicate by check mark if is a well known seasoned issuer defined rule 405 yes no not requited reports