We have been engaged in the on-line shopping business since March 2004. Prior to that time, we were engaged in the field of designing and developing business applications software.
We generate revenues primarily according to pay-per-click models resulting from the directing of traffic to merchants' websites. We generate revenues also according to pay-per-sale model when a sale derives from the directing of traffic to a merchant website, and from consulting and management of advertising campaigns through ActiveShopper.
Revenues shall increase as more software installations of ActiveShopper take place. Although ActiveShopper is a free-download software, promoting it is essential, when there is no assurance that users may keep their ActiveShopper download on the long run.
In addition, since revenues are subjected to seasonal fluctuations revenue levels may not be sustained and therefore growth is not assured.
We are considered a development stage company and have a limited operating history upon which an evaluation of our prospects can be made. As of March 31, 2006, we had an accumulated deficit of $4,221,792. Our prospects must therefore be evaluated in light of the problems, expenses, delays and complications associated with a development stage company.
you have just read why they will remain very small company, yet growth may continue. been around for a couple of years, fairly moderate debt, promotion is essential yet remains abstract concept to management, they are admitting that download numbers are not indicator of sustained revenue, thry do not have anything new that will generate additional revenue in near future.
