FORWARD LOOKING STATEMENTS
In addition to historical information, this Form 10-Q (this "Quarterly Report")
contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, which includes, but are not limited to, statements concerning
expectations as to our revenues, expenses, and net income, our growth strategies
and plans, the timely development and market acceptance of our products and
technologies, the competitive nature of and anticipated growth in our markets,
our ability to achieve cost reductions, the status of evolving technologies and
their growth potential, the adoption of future industry standards, expectations
as to our financing and liquidity requirements and arrangements, the need for
additional capital, and other matters that are not historical facts. These
forward-looking statements are based on our current expectations, estimates, and
projections about our industry, management's beliefs, and certain assumptions
made by it. Words such as "anticipates", "appears", "believe,", "expects",
"intends", "plans", "believes, "seeks", "assume," "estimates", "may", "will" and
variations of these words or similar expressions are intended to identify
forward-looking statements. All statements in this Quarterly Report regarding
our future strategy, future operations, projected financial position, estimated
future revenue, projected costs, future prospects, and results that might be
obtained by pursuing management's current plans and objectives are
forward-looking statements. Therefore, actual results could differ materially
and adversely from those results expressed in any forward-looking statements, as
a result of various factors. Readers are cautioned not to place undue reliance
on forward-looking statements, which are based only upon information available
as of the date of this report. You should not place undue reliance on our
forward-looking statements because the matters they describe are subject to
known and unknown risks, uncertainties and other unpredictable factors, many of
which are beyond our control. Our forward-looking statements are based on the
information currently available to us and speak only as of the date on which
this Quarterly Report was filed with the
RESULTS OF OPERATIONS FOR THE NINE MONTH PERIOD ENDED
Gross revenues increased from
Cost of revenue increased from
Operating expenses decreased from
Net income decreased from a loss of
LIQUIDITY AND CAPITAL RESOURCES:
As of
Cash used in operating activities for the nine months ended
Cash used in investing activities for the nine months ended
Cash provided by financing activities for the nine months ended
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