The following discussion of our financial condition and results of operations
should be read in conjunction with our audited consolidated financial statements
and the notes to those financial statements appearing elsewhere in this Report.
Certain statements in this Report constitute forward-looking statements. These
forward-looking statements include statements, which involve risks and
uncertainties, regarding, among other things, (a) our projected sales,
profitability, and cash flows, (b) our growth strategy, (c) anticipated trends
in our industry, (d) our future financing plans, and (e) our anticipated needs
for, and use of, working capital. They are generally identifiable by use of the
words "may," "will," "should," "anticipate," "estimate," "plan," "potential,"
"project," "continuing," "ongoing," "expects," "management believes," "we
believe," "we intend," or the negative of these words or other variations on
these words or comparable terminology. In light of these risks and
uncertainties, there can be no assurance that the forward-looking statements
contained in this filing will in fact occur. You should not place undue reliance
on these forward-looking statements.
The forward-looking statements speak only as of the date on which they are made,
and, except to the extent required by federal securities laws, we undertake no
obligation to update any forward-looking statements to reflect events or
circumstances after the date on which the statements are made or to reflect the
occurrence of unanticipated events.
For an overview of the business of the Company, please refer to this
Comprehensive Annual Report on Form 10-K to Part I, Item 1 ("Business").
Plan of Operation
We have been dormant since November 2017. As of the date of this Report, we
intend to engage in what we believe to be synergistic acquisitions or joint
ventures with a company or companies that we believe will enhance our business
plan. There are no assurances we will be able to consummate any acquisitions
using our securities as consideration, or at all. Numerous things will need to
occur to allow us to implement this aspect of our business plan and there are no
assurances that any of these developments will occur, or if they do occur, that
we will be successful in fully implementing our plan.
Limited Operating History; Need for Additional Capital
We cannot guarantee we will be successful in our business operations. We have
not generated any revenue since inception. Our business is subject to risks
inherent in the establishment of a new business enterprise, including limited
capital resources and possible cost overruns due to the price and cost increases
in supplies and services.
If we are unable to meet our needs for cash from either our operations, or
possible alternative sources, then we may be unable to continue, develop, or
expand our operations.
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in
financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources that is material to investors.
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